California City May ‘Experiment’ with UBI

 

 

Sitting in between the enormous economic opportunities of the San Francisco Bay and Silicon Valley, yet unable to break free of its largely agriculturally based economy, the City of Stockton, Calf., is now planning to “experiment” with Universal Basic Income.” The city went bankrupt just five years ago. Continue reading

U.S. opens door to Chinese investors

The United States faces a massive US$8 trillion infrastructure investment bill, and is courting Chinese investors since many of its own local governments are in financial difficulties, according to a US Chamber of Commerce report.

“The US is poised to undertake the most significant expansion and modernisation of its infrastructure since the 1950s,” the chamber said in its report.

“This is taking place in the context of significant pressure on federal and local budgets. The pressing need for capital to modernise US infrastructure is creating substantial new opportunities for Chinese investors.” Continue reading