In the echoey theatre of modern political gesture, welfare has recently had one of its periodic stagings. A minister has honed his ideological credentials; columnists have extracted culture war content; tabloid journalists have parroted shamelessly grossed-up figures and patrolled Bondi beach for dole bludgers. Yet for once it was worth cocking an ear. For if the world of employment is facing upheaval, then so is its counterpart of unemployment. And if the future of work is, as many argue, increasingly flexible, casual, various and scarce, it’s arguable that those short of it will steadily face exacerbated economic risk. What might a welfare system of the future look like? What is the potential of ideas such as a universal basic income or a negative income tax, long discussed by economists, mostly beyond the ken of politicians? Despite its regular depiction as a peeler of lotuses for layabouts, Australians have reasons to be proud of their social safety net. Australia’s … [Read more...] about Basic income for all: a 500-year-old idea whose time has come?
Why is profit a requirement for business
For the first time, the U.S. Education Department has published data allowing students to compare salary and debt levels for specific college programs rather than for entire institutions only. The information was made public Wednesday on the agency’s updated College Scorecard website Previously, students could use the online tool to compare salary and debt averages for entire schools, benchmarks that the Education Department now says are “fairly meaningless.” Students today can sort through specific majors within a school and see how they stack up against one another, or against programs at other schools, and see which ones lead to the highest salaries or the lowest debt. Education Secretary Betsy DeVos said the new tool provides “real information students need to make informed, personalized decisions about their education.” By providing the same statistics for all institutions, she said, students can compare any programs they are considering … [Read more...] about Feds release data on wages, debt for specific college majors
Fifty years ago today, the first permanent link between a computer at UCLA and at the Stanford Research Institute (SRI) was formed. It was the first connection of ARPANET, which would grow into a large network of research and military computers and later become the public internet we know today. The unintended consequences of this connectedness on a massive scale would later bubble to the surface, and even the people who helped establish that first ARPANET connection seem very troubled about what the internet has become. advertisement advertisement I learned a lot of this history when I visited UCLA professor Leonard Kleinrock in Room 3420 in the engineering department’s Boelter Hall—the room where the first internet message was sent by a graduate student named Charley Kline to the scientist Bill Duvall at SRI on October 29, 1969. Kleinrock developed much of the theoretical groundwork for that first digital network and forerunner to the internet. But despite his … [Read more...] about 50 years later, the internet’s inventors are horrified by what it’s become
I follow 3 gurus in the world of investing: Benjamin Graham, Warren Buffett and Jack Bogle.Benjamin Graham was called The Dean of Wall Street. This is what he believed investing was all about...An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.Close He put safety before return. He gave more priority to protecting the investment corpus than trying to earn big returns on it. related news British Airways says flights hit by glitch These three factors are giving sleepless nights to Indian entrepreneurs Nazara to invest $20 mn in startups in 2020 And these are Warren Buffett’s two rules for investing…Rule No.1: Never lose money.Rule No.2: Never forget rule No.1The greatest investor in the world also swears by safety first. Even he prioritises the return of capital over the return on capital.Does this not fly in the face of conventional wisdom? … [Read more...] about Double Your Income series: A road map to getting there
Himadri BuchMoneycontrol NewsShares of Manpasand Beverages have been on a downward journey for seven consecutive sessions, losing 55 percent of its value since the beginning of the week from May 23.That day it emerged that Deloitte Haskins & Sells India quit as the auditor of Manpasand Beverages as the fruit juice maker failed to provide them with "significant information" on the financial results for the year ended March 31, 2018. The announcement of results, slated for May 30, was subsequently postponed.Close This spooked investors, for whom Manpasand had been the flagbearer of rising rural consumption, the company that reflected the importance of Bharat - rural India - in the Indian economy. After all, Manpasand Beverages has the unique distinction of being the sole listed company from the beverages sector. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter … [Read more...] about Riches to Rags: What made Manpasand Beverages so popular to now so unpopular?