a universal argument made by Universal Basic Income (UBI) that the recipient uses the money for unpaid purchases, which are unconditional periodic payments to all members of society. However, the initial data eventually came from the UBI experiment in Stockton, California-most of the 125 employees in the program used the $ 500 they received each month for purchases Food, … [Read more...] about Data shows Basic Income Recipients Spent the Money on “Literal Necessities”
Global trade will shrink by 13% to 32%, which may exceed the level of the 2008 international financial crisis. This effect is "unprecedented." On April 9, the British Treasury and the Bank of England jointly stated that the Bank of England will directly fund the government's related expenditures to combat the impact of the epidemic, rather than through the bond market as … [Read more...] about Bank of England directly finances UK government.
In the last economic recession cycle caused by the 2008 financial crisis, the highest monthly unemployment figure was 129,000. According to a statistical report published on the morning of 9th local time by Statistics Canada, a total of 1.011 million people lost their jobs in Canada in March, and the unemployment rate reached 7.8%, 2.2% higher than the 5.6% in … [Read more...] about StatCan: Canada lost 1,011,000 jobs in March, but April may be even worse
The US $ 5.5 billion of the fund will be used for the sovereign operations of the countries where the African Development Bank is located, US $ 3.1 billion will be used for national sovereignty and regional operations under the African Development Fund, and another US $ 1.35 billion will be used for private sector operations. On April 8, the African Development Bank Group … [Read more...] about African Development Bank sets up a $ 10 billion emergency fund to curb the new Coronavirus epidemic.
Forbes released the 2020 Global Billionaires List. Mainland China ’s list of achievements this year is impressive, with 389 rich people on the list and a total wealth of $ 1.2 trillion. Among them, Alibaba founder Jack Ma ranked 17th on the list and is also the richest Chinese with a net worth of 38.8 billion US dollars.Text / Forbes New York time, USA, April 7, 2020, Forbes … [Read more...] about Forbes released the 2020 Global Billionaires List.