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☆ This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Guyana, the tiny South American nation, is giving $2,000 to every household in the country. AdvertisementThe world's fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs. Its oil fund held over $1.7 trillion of assets at the end of June, or more than $300,000 per Norwegian citizen. Sharing the wealthGuyana's $2,000 payment to households "sounds like great news," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about universal basic income (UBI) told BI. Guyana's one-off, unconditional cash grant is a "positive step," Cleo Goodman, the basic income lead at the Autonomy Institute think tank, told BI.

Persons: —, Mohamed Irfaan Ali of, Ali, They've, Nicolas Suarez, Suarez, Karl Widerquist, Cleo Goodman Organizations: Service, Department, Public, Guyanese, P Global Market Intelligence, Resource Fund, Bank, Exxon, Guyana ramped, Monetary Fund, Georgetown University, Qatar, Autonomy Institute Locations: Guyana, Mohamed Irfaan Ali of Guyana, America, Riding, Britain, Venezuela, Brazil, Suriname, Netherlands

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.
▼ + stars: | 2024-07-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.

Persons: —, Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda

☆ Solar jobs are in high demand and have a low barrier to entry — now is the time to break into the industry
▼ + stars: | 2024-07-01 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +5 min

Demand for solar jobs is growing in response to clean-energy goals and government incentives. Many entry-level solar jobs don't require higher education, and they offer on-the-job training. Solar jobs offer a low barrier to entry and high growth potentialHowever, the shortage means there are many affordable, accelerated solar training programs designed to help people get their foot in the door. Collardson added that people with backgrounds in areas such as marketing, engineering, and law could apply their skills to jobs at solar companies. HelieneThe solar industry can support long-term careersWhile Collardson acknowledged that specific solar jobs could grow or shrink as incentives and demands change, they said they believe there will always be jobs in the solar industry for those willing to be flexible.

Persons: Kate Collardson, Karl Wendt, Wendt, Martin Pochtaruk, Collardson, it's, Pochtaruk Organizations: Service, US Department of Energy, View Research, Corporations, House, Industries, Middle, Goodwill Industries, Companies Locations: Middle Tennessee

☆ South Africa's cash giveaway plan is not universal basic income, experts say
▼ + stars: | 2024-06-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSouth Africa's top political party has proposed a social safety net that's been called the first national universal basic income (UBI) program. The African National Congress, led by Nelson Mandela in the 1990s, recently outlined its plan to expand South Africa's Social Relief of Distress program. AdvertisementCleo Goodman, the basic income lead at think tank Autonomy, told Business Insider that the ANC's proposal followed years of basic income advocates making their case through "pilots, research and widespread campaigning." Advertisement"Despite the name, this proposal falls far short of a basic income," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about UBI, told BI.

Persons: —, Nelson Mandela, Cleo Goodman, Goodman, Karl Widerquist, Widerquist, Chris McGrath, It's, doesn't Organizations: Service, African National Congress, Social, Business, ANC, Autonomy, Georgetown University, Qatar Locations: Alexander, Johannesburg, South Africa

☆ The Washington Post publisher disclosed the paper lost $77 million last year. Here’s his plan to turn it around
▼ + stars: | 2024-05-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Lewis’ plan, however, included more than just revamping The Post’s subscription offerings. While The Post clearly plans to bet big on infusing its products with A.I., it wants to emphasize the human element of its journalism. Whether the multi-pronged initiative is enough to turn The Post around, of course, remains to be seen. But the new publisher voiced confidence that these measures will put The Post on track for success. “I really hope at some point in the future, when you look back on this day,” he told staffers, “it’s actually quite a significant day in the history of our company.”

Persons: Will Lewis, strode, Lewis, “, ” Lewis, I’m, Axios, we’ve, ” Karl Wells, Lewis ’, Vineet Khosla, ”, Sally Buzbee, Kathy Baird, “ it’s Organizations: New York CNN, The Washington Post, Brit, Apple, POLITICO, Silicon Locations: New York

☆ Some people are being given thousands of dollars with no strings attached in universal basic income trials. They mostly spend the cash wisely.
▼ + stars: | 2024-04-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Interest in universal basic income has grown due to the pandemic, Elon Musk, Sam Altman, and economic pain. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYet a common question and concern about UBI remains how people spend the money. Related storiesThe Guaranteed Income Pilots Dashboard , a joint project from the Stanford Basic Income Lab and the Center for Guaranteed Income Research, pulls together data from more than 30 pilot programs in the US involving nearly 8,300 participants. GiveDirectly, a nonprofit, is providing universal basic income to 20,000 people across 200-odd royal villages in Kenya over 12 years.

Persons: Elon Musk, Sam Altman, —, It's, Karl Widerquist, Fabian Wendt, Rebecca Hasdell, UpTogether, Monique Gonzalez, Stephanie Hendon, Widerqist, Matt Bruenig, Douglas MacKay, Chapel Hill, MacKay Organizations: Service, Georgetown University, Qatar, Stanford, Income, Center, Research, UNC, Chapel Locations: Virginia, Kenya, San Antonio , Texas

☆ Scientists are growing crops with salt water that could help save us from starvation
▼ + stars: | 2024-03-30 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Poor irrigation practices, such as insufficient water application, using saline water, and not maintaining adequate drainage can also lead to salty soils. Irrigation can drive salinization, especially if farmers are watering their crops with salty water. In this case, that means watering crops with salt water in their lab. Globally, over 3,700 acres — just over four times the size of NYC's Central Park — of farmland grow SaliCrop seeds. Red Sea Farms, for example, is a Saudi Arabian company that uses selective breeding to grow crops that can be irrigated with salt water.

Persons: Ṛcā, SaliCrop, Guy Shery, Carmit Oron, Godbole, Sharon Devir, Devir, Karl Weatherly, they're, Andy Sacks Organizations: Service, Business, Getty, UN Locations: Israel, Spain, Oron, India, Europe, Africa, Kansas, Saudi Arabian, Sweden

☆ Karl Wallinger, Who Sang With World Party and the Waterboys, Dies at 66
▼ + stars: | 2024-03-12 | by ( Clay Risen | ) www.nytimes.com time to read: 1 min

Karl Wallinger, a Welsh singer-songwriter who helped define college radio in the 1980s and ’90s as a member of the Waterboys and the founder of World Party, died on Sunday at his home in Hastings, England. His daughter, Nancy Zamit, confirmed the death but did not provide a cause. Mr. Wallinger suffered a brain aneurysm in 2001 that forced him to stop performing for several years. Following on the heels of the post-punk, new wave and new romantic movements of the early 1980s, Mr. Wallinger embodied something of a throwback to the classical pop and folk styles of an earlier era, with music and lyrics influenced by the Beatles and Bob Dylan. Though he rejected the label “retro,” onstage he looked like a stylish hippie, with long stringy hair and tinted round glasses that would have fit in at Woodstock.

Persons: Karl Wallinger, Nancy Zamit, Wallinger, Bob Dylan Organizations: Waterboys, World Party, Beatles Locations: Welsh, Hastings , England, Woodstock

☆ A recently extended Denver guaranteed basic-income program gave people up to $1,000 a month. A participant said it allowed him to pay rent and gave him hope to keep providing for his kids
▼ + stars: | 2024-02-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

For a year, it allowed him to pay rent, more comfortably pay his bills, and spend time with family. He couldn't afford rent anymore after the program, but he's hopeful the extension will help him again. Basic income programs including those in Austin and Minneapolis showed that most recipients spend their payments on soaring housing costs. For the first year, the project gave participants either $1,000 monthly, $500 monthly with $6,500 upfront, or $50 each month as a control group. Some of his former coworkers found out he was living in his car, and they helped him find a place and pay rent.

Persons: Jarun Laws, —, It's, Laws, Karl W, Smith, Mark Donovan, he's, I'm Organizations: Income, Service, Denver, Bloomberg, Colorado Trust, University of Denver's Center for Housing, Homelessness Research, Safeway, Doordash, BI Locations: Denver, Austin, Minneapolis, Greater Denver

☆ Trump hung up on Kim Kardashian in 2021 because he thought she voted for Biden, book says
▼ + stars: | 2023-11-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Trump hung up on Kim Kardashian after he assumed she had backed Biden, per a forthcoming book. In "Tired of Winning," Jonathan Karl writes that Trump rebuffed Kardashian after she asked for help with a clemency plea. Kardashian previously made high-profile visits to the White House to meet with Trump in 2018, 2019, and 2020. AdvertisementAdvertisementIn 2018, then-President Donald Trump welcomed Kim Kardashian to the White House as the reality star advocated for sentencing reform for nonviolent offenders. AdvertisementAdvertisementMonths after Trump left the White House, Kardashian reportedly called Trump to get his endorsement for a clemency plea.

Persons: Trump, Kim Kardashian, Biden, Jonathan Karl, Kardashian, —, Donald Trump, Joe Biden, Karl, Axios, Mike Allen, Kamala Harris Organizations: Trump, Service, ABC News, White, Grand Old Party

☆ A former executive says he was fired by Salesforce after raising concerns about software said to process and organize customer data in milliseconds: 'It was all a lie.'
▼ + stars: | 2023-08-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

In 2022, Salesforce unveiled software that processes and organize customer data in "real-time." Salesforce promoted that its CDP can process large amounts of customer data in "real-time," meaning in "milliseconds," the lawsuit says. One benefit to real-time data processing that Salesforce advertises, for example, is when a hospital may need the most up-to-date information on a patient regarding urgent healthcare needs. Salesforce unveiled its CDP software, Genie, to the public on September 20, 2022. According to the court documents, Salesforce said it was the "biggest announcement" it had made since the founders started the company.

Persons: Salesforce, Karl Wirth, Wirth, Lidiane Jones, Jones, Parker Harris, Harris, Slack, Salesforces Organizations: Morning, Genie, Plaintiff, Securities and Exchange Commission, Slack Technologies

☆ She broke up with her boyfriend and moved in with a man she’d known for 3 weeks. Here’s what happened
▼ + stars: | 2023-07-21 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“As I come into the yard, I get greeted by two beautiful, amazing, fluffy dogs wagging their tails,” recalls Liesbet. “We talked a little bit – and a little bit turned into an hour,” recalls Liesbet. Liesbet Collaert“We went out for drinks,” recalls Liesbet, “Mark was a sailor and took us all out sailing. “I go up to the apartment door and the door was unlocked, which was a little bit odd,” recalls Mark. Liesbet CollaertAbout a month after she’d moved in with Mark, Liesbet flew with him to the East Coast to meet his family.

Persons: Liesbet Collaert, She’d, Karl, Liesbet, Karl’s, Nik, ”, Mark, “ Mark Kilty, “, He’d, –, hadn’t, she’d, he’d, ” Mark, “ Mark, “ Karl, Collaert Karl, – it’d, they’d, Here's, didn’t, you’d, ’, “ I’ll, couldn’t, Here's Liesbet, Liesbet’s, Liesbet Collaert Liesbet, “ You’re, Karl –, ’ ”, they’ve, Mark Kilty, we’ve, She’s, San Francisco – Organizations: CNN, “, CNN Travel, San, ” Locations: San Francisco , California, North America, Australia, Belgium, San Francisco, East Coast, California, Bay, Grenada, Mexico, Martinique, ., Mark’s, East, South America, Costa Rica, Central America, Panama, Texas, Honduras, Austin, Bahamas, Dominican Republic, Polynesia, Liesbet, St, Maarten, Tahiti, Cotopaxi, Ecuador

Revisit some of the predominant trends in music that came to define a mercurial decade, from pop-rap and boy bands to aesthetic sadness and protest anthems. Rap goes the viral pop routeAt the beginning of the 2010s, rap stars had trouble scoring their own No. Dark and dreary pop blows upLana Del Rey helped to usher in a new era of downbeat and dark pop. Karl Walter/Getty ImagesBoth the Weeknd and Del Rey have pivoted since their debuts, with their images becoming more complicated than their indie origins belie. Del Rey, meanwhile, has only burrowed deeper into her niche, crafting intensely personal records that have matured with her listeners.

Michel Gaubert first crossed paths with Karl Lagerfeld when he worked at a record store on the Champs-Élysée. “All his life Karl was obsessed with music,” he recalled. All his life Karl was obsessed with music. Then one day Eric came and asked if I wanted to work with the Karl Lagerfeld brand. Karl said Diane de Beauvau-Craon [a French princess and a pal of Mr. Lagerfeld’s] would call me.

☆ Karl and Anna, a Love Story in Clothes
▼ + stars: | 2023-04-27 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Karl frequently surprised the world as a designer (he loved to turn heads), but it was as a friend that he surprised me most. Many years ago, when I was facing my first summer vacation with my children after my divorce, I was frozen. It was Karl, of all people, who sensed this and swooped in to lend a hand. Karl was perhaps even less a kid person than he was a porcelain person, but he went all out when I most needed it. A real relationship with Karl was an association and connection built incrementally, over years.

UFC 287 live stream quick links US: ESPN+ ($80 plus $10/month membership)UK: BT Sport (£30/month)Main card start time: 10 p.m. How to watch UFC 287 in the USYou can watch the main event of UFC 287 on ESPN+ at 10 p.m. Ways to save on the UFC 287 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 287, you can snag a special discounted bundle. How to watch UFC 287 in CanadaIn Canada, UFC 287 will be available to watch from multiple pay-per-view TV providers, including Bell, Rogers, Shaw, and Telus. Here's the fight card for UFC 287: Pereira vs. Adesanya 2ESPNEarly Prelims — 6 p.m.

☆ Silicon Valley layoffs are a boon for tech-hungry farm equipment makers
▼ + stars: | 2023-02-13 | by ( Bianca Flowers | ) www.reuters.com time to read: +7 min

The executives said the newly available tech talent could inject much-needed expertise into farm equipment manufacturing, helping to transform the industry through the use of more artificial intelligence and automation. Detroit automakers are also hiring tech workers to meet the growing software needs of vehicles, auto executives have said. REMOTE-CONTROLLEDDeere's main rival, Irving, Texas-based Caterpillar Inc. (CAT.N), is also making a big push to recruit tech talent. "Companies really need to jump into action," said Michael Solomon, co-founder at 10x Management, a compensation negotiation agency for senior tech talent. The amenities aim to attract tech workers.

☆ New Hampshire GOP Gov. Chris Sununu says Trump can't beat Biden in 2024 because he's going to be 'seen as a very extreme candidate'
▼ + stars: | 2023-02-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Chris Sununu gave a thumbs down to Trump's chances against Biden in a potential 2024 matchup. "The country is going to push back against it," Sununu said of a Trump general election candidacy. Chris Sununu on Sunday said that former President Donald Trump won't be able defeat President Joe Biden in a potential 2024 matchup, arguing that the former commander-in-chief would be seen as an "extreme candidate." Trump is going to be seen as a very extreme candidate. The results showed Trump with a 50%-41% lead among Independents, which helped give him a slight edge in the survey.

☆ Michigan librarian dedicated to 41-year-old Halloween cold case
▼ + stars: | 2022-10-30 | by ( Sarah Portney | ) www.nbcnews.com time to read: +12 min

On October 31, 1981, 11-year-old Karl Heikell told his parents he was going out for a walk in his town of Calumet, Michigan. “And sure enough, I found newspaper clippings about Karl Heikell going missing.”The young librarian was eager to learn more about this local mystery. Cleary told Dateline. “It's a shame that so many people have Billy in their heads as this” kind of person, he told Dateline. Detective Cleary told Dateline that after Billy’s suicide, police looked into his possible involvement in the case.

☆ Trump privately asked Obama how he got high approval ratings, book says
▼ + stars: | 2022-09-28 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Trump asked Obama how he kept his approval ratings high in 2016, according to a forthcoming book by NYT's Maggie Haberman. Trump publicly skewered Obama but was privately fixated with his popularity and achievements. Trump asked Obama about his approval ratings the first time the two of them met in the Oval Office after Trump clinched his 2016 election victory, according to Haberman. Obama also struck a more conciliatory tone toward Trump, saying after Trump won that he would not publicly attack his successor. Trump left office with record low approval ratings.

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