Universal basic income pros and cons

In California, foster youth are able to stay in care until they turn 21. “At 21, you’re on the street, you’re emancipated,” says Supervisor Dave Cortese, one of Santa Clara County’s five elected supervisors. At that point, the transition into adult life can be tough. “Not to stereotype,” Cortese says, “but traditionally, it’s a cohort that would be overrepresented in clinical mental health problems, homelessness, and food anxiety.” A study conducted among transitioning Midwestern foster youths showed that 29% of the individuals had become homeless by age 23 or 24. … [Read more...] about This $1000-a-month universal basic income program is designed to help foster youth survive

The idea of giving everyone money through a universal basic income has been gaining traction in recent years, and the coronavirus crisis added fuel to that fight. Former Democratic presidential candidate Andrew Yang renewed his call for a UBI after the United States stimulus package fell short. California’s Santa Clara County recently announced that it will give $1,000 a month to people recently transitioned out of foster care, and it hopes to expand that to people affected by the coronavirus pandemic. With more than 40 million Americans unemployed and countless others around the globe struggling to get by, advocates have said that the pandemic highlights the need for a guaranteed income, especially as a way to fight a devastating recession. … [Read more...] about Spain creates a universal minimum income targeted at 2.3 million people

Mumbai University Vice-Chancellor Suhas Pednekar said, "Building on our strength in biotechnology and related research areas such as biosciences, we are now chartering a new path by partnering in a path breaking initiative promoted by the IIT Alumni Council to create one of the largest labs ever built for molecular diagnostic and genetic testing in Mumbai." … [Read more...] about COVID-19: Mumbai University partners with IIT Alumni Council’s MegaLab project

Telehealth versus traditional therapy Private insurance companies like Cigna and Aetna, have come around; they now provide coverage for what they see as a “legitimate” service. And surveys show consumers are receptive to telehealth counseling: no driving to an appointment, no searching for a parking space, no worries about childcare while they’re away, no need to switch providers if they move, and no problem if the specialist happens to be far away. … [Read more...] about I’m a psychologist. Online therapy can be just as effective as in-person sessions

Rationally, the stringent norms may continue in India at least in the short-term. Currently, we may not be able to participate with developed economies to re-open the economy. On a positive note, in the long-term, we will come out as a good contender since the belief is that the countries which are less impacted with low economic consequences will emerge faster post COVID-19. … [Read more...] about Market still expects more reforms for corporate and sectors that are highly impacted by COVID-19