Basic Income Opportunity in Chicago

The Chicago and Stockton basic income proposals demonstrate that there is a lot of innovative social work going on in America. All sorts of people are proposing a wide variety of creative solutions for problems like poverty.

A DARPA for social services would fund innovative social programs and related work. The social work DARPA would combine charities, community groups, nonprofits, government agencies, and university researchers.

One of the social-work DARPA’s mandates would be to fund research into alternative poverty-alleviation strategies such as basic income. It would also fund the development of new technologies for benefit delivery.

Read more

Chicago could Test Basic Income

The proposed program is very limited in scope; it would provide 1,000 families a $500 monthly stipend. That would cost around $500,000 a month or $6 million a year. That is not much for a government program, and hardly a “universal basic income (UBI).”

Read more

Is Twitter Making Money?

The reason a person buys a tech company like Alphabet (NASDAQ: GOOG) or Microsoft (NASDAQ: MSFT) is that they generate a lot of cash. At the end of the day, Twitter simply does not have much cash.

Read more

Is Aetna on the Verge of Collapse?

An obvious conclusion here is that Aetna executives are afraid their business is about to get banned or nationalized. Therefore they are trying to merge with a company, that will not be CVS.

One obvious hope at CVS is to create a lower-cost healthcare model designed to limit demands for single-payer healthcare. Single-payer healthcare means total nationalization of health insurance.

Read more

Does China Have a Super Battery?

Watch the ZKZM-500 story carefully because the ridiculous claims of laser guns point to something far bigger and potentially far more disruptive. A super battery that might put Big Oil out of business.

Read more

Horizon.NGO plans Decentralized Basic Income Services

Question: “How exactly does Horizon.NGO provide a basic income?”
Von Heinrichshorst: “Once Horizon’s financial reserve is big enough to guarantee all token holders a valuable payout for at least one year, we will start distributing the first Horizon basic income tokens.”
“The financial reserve will be fueled by strategic partnerships and sister projects. Over time, more basic income tokens will be distributed and the value of each token will increase.”

Read more

Is Uber pulling the plug on Self-Driving Cars?

Khosrowshahi hopes to get around $500 million for the Middle East and North Africa assets. Bloomberg speculates that Khosrowshahi is disposing of questionable assets in order to make Uber more value as an initial public offering (IPO).

It sounds as if Khosrowshahi is trying to reposition Uber as a passenger transportation company. To that end he shut down the UberRUSH delivery service in June.

That means UberEATS might be the next business sold. Likely buyers for UberEATS include Kroger (NYSE: KR), Ocado (LON: OCDO), Amazon (NASDAQ: AMZN), Instacart, and GrubHub (NYSE: GRUB).

Finding a buyer for UberEATS will be easy because it is the most profitable part of Uber. EATER reported that UberEats, a meal delivery service was s profitable in 27 of the 108 cities where it operated in July 2017. A likely plan would be to the sell profitable UberEATS operations and shut down the rest.

Read more

Will Costco make More Money?

Despite the success of Amazon, Costco Wholesale (NASDAQ: COST) is still one of the most followed retailers around. Costco can

Read more

German Fusion Reactor Reaches 40 Million Degrees

Such temperatures would be necessary to generate a sustained fusion reaction stable enough to serve as a power source. The stellarator achieved those temperatures by using 18 times more energy than used in earlier tests. That indicates a stable and sustainable fusion reaction is possible.

Read more

Will Fiat-Chrysler Make Money?

That is a necessary move because Fiat-Chrysler’s sales were flat in Europe in May, The Market Realist noted. The company’s sales only grew by 0.2% between May 2017 and May 2018. By contrast FCAU’s sales grew by 11% in the United States in the same period.
That proves Marchionne’s strategy of concentrating on SUV, van, and truck sales in North America is paying off. Fiat-Chrysler’s next big challenge will be to develop a similar successful strategy for Europe and China.

The financial numbers show that Marchionne’s plans work. His gradual and realistic approach to the auto business is paying off.

Critically, Marchionne is paying off Fiat-Chrysler’s huge debts. The company’s industrial debt load fell by 45% to $1.6 billion (€1.31 billion) during 1st Quarter 2018, The Detroit News reported.

Read more