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Flagged, as the title is super misleading, this isn't about basic income, it is about rolling out unemployment insurance + economic relief to people. Nothing lo
by bwb 7y ago
Flagged, as the title is super misleading, this isn't about basic income, it is about rolling out unemployment insurance + economic relief to people. Nothing long term here, just another gov working to save the economy and people.
- perfunctory 7y agoFrom the article "But the government’s broader ambition is that basic income becomes an instrument “that stays forever, that becomes a structural instrument, a permanent instrument,” she said."
- bwb 7y agoI am in Spain and Bloomberg is just translating the comments of a far left party that has no ability to do that. Bad reporting.
- yokaze 7y agohttps://elpais.com/economia/2020-04-06/la-renta-basica-deja-de-ser-una-utopia.html https://elpais.com/economia/2020-04-06/la-renta-basica-deja-... Proposals from Airef, and unions to my understanding.
- bwb 7y agoexactly, one time Keynesian cash transfers is way different than a discussion about ubi.
- Glavnokoman 7y agoYep. I had a better opinion on Bloomberg news before.
- akvadrako 7y agoYou really shouldn't. Bloomberg gives bonuses to reporters for stories that move markets. They don't make money by providing truthful news.
- renewiltord 7y agoThat is interesting to me to hear. Bloomberg News has the lovely characteristic that a lot of people believe them and they're also generally wrong so you can usually trade on that info. It's the fascinating power of building an enduring brand through one field (the terminals and Bloomberg himself) and parlaying it into another. For instance, the day after the SuperMicro story popped up and I saw that it was Bloomberg that broke the story, I went long SMCI. A month later, the sweet smell of victory and +100% gains sat in my eTrade account. Now there's edge, and I didn't even need 5 ms to the exchange to get it.