Tootfinder

Public policy and health in the Trump era via The Lancet
“Trump exploited low and middle-income white people's anger over their deteriorating life prospects to mobilise racial animus and xenophobia and enlist their support for policies that benefit high-income people and corporations and threaten health.”

⚓ Graduation rates for low-income students lag while their student loan debt soars
https://theconversation.com/graduation-rates-for-low-income-students-lag-while-their-student-loan-debt-soars-227977

Graduation rates for low-income students lag while their student loan debt soars
Nearly half of all students who enroll in college never finish. Are colleges and universities to blame?

So many #UniversalBasicIncome #guaranteedBasicIncome experiments show success. When are we going to actually make it public policy?

eBay reports Q4 revenue up 2% YoY to $2.56B, vs. $2.51B est., GMV up 2% to $18.6B, and net income up 8% to $728M, and announces an additional $2B stock buyback (Jon Swartz/MarketWatch)
https://www.marketwatch.com/story/ebays-st

EBay stock is on the upswing after strong results and guidance, raised dividend
EBay Inc.’s stock was up 5.5% in extended trading Tuesday after the online marketplace delivered quarterly results that topped analysts’ estimates and issued...

Imax reports Q4 revenue of $86M, vs. $89.59M est., down 12% from Q4 2022, when Imax experienced a rapid reopening of cinemas in China, and net income of $2.5M (Etan Vlessing/The Hollywood Reporter)
https://www.hollywoodreporter.com/business

Box Office Slowdown Hits Imax As Quarterly Revenue Falls
Overall quarterly revenue came to $86 million, down 12 percent from a year-earlier $98 million, as 'Aquaman and the Lost Kingdom,' 'Taylor Swift: The Eras Tour' and 'Wonka' played on its screens.

The Hebrew word for giving, natan (נתנ), is a palindrome, which reveals a deep truth about the reciprocal dynamic of giving: When one gives, they also receive in return.
In a recent study, researchers discovered that those who spent more of their income on others rather than themselves enjoyed significantly greater and longer lasting happiness. In fact, as little as a five-dollar gift was enough to produce measurable increases in one’s happiness. Overall, the self-reported happiness of…

*Writer E. Jean Carroll has #Trump by the wallet.* **Can he perform?**
A Trump $$$ Mystery Is About To Be Revealed | Portside
https://portside.org/2024-01-27/trump-m…

A Trump $$$ Mystery Is About To Be Revealed
The $83.3 million defamation judgment that writer E. Jean Carroll won Friday against Donald Trump will soon reveal the depth of his finances, long shrouded in smoke and mirrors, disclaimers that his financial statements are not to be trusted, and outright fabrications about his income and wealth. The secret: does Trump have the money to pay Carroll?

"After union membership peaked in the 1950s at 1/3 of the US workforce.. overall income inequality was close to its lowest level since its peak before the Great Depression, and was continuing to fall. Over the subsequent decades, union membership steadily declined, while income #inequality began to steadily rise after a trough in the 1970s. In 2022, union membership plateaued at 10%, while…

Labor Unions and the U.S. Economy
By Laura Feiveson, Deputy Assistant Secretary for MicroeconomicsToday, the Treasury Department released a first-of-its-kind report on labor unions, highlighting the evidence that unions serve to strengthen the middle class and grow the economy at large. Over the last half century, middle-class households have experienced stagnating wages, rising income volatility, and reduced intergenerational mobility, even as the economy as a whole has prospered. Unions can improve the well-being of middle-c…

"Biden’s ‘Solar for All’ awards $7B to bring affordable energy to low-income families"
#US #USA #America #Solar…

Biden’s ‘Solar for All’ awards $7B to bring affordable energy to low-income families
The program will provide money to 60 organizations to finance new and existing residential solar programs in low-income communities.

👍
https://48hills.org/2024/04/supes-rent-relief-program-saved-20000-people-from-eviction-during-the-pandemic/

Supes rent-relief program saved 20,000 people from eviction during the pandemic - 48 hills
New city report shows how taxing the rich to help low-income renters is highly effective.

👍
https://48hills.org/2024/04/supes-rent-relief-program-saved-20000-people-from-eviction-during-the-pandemic/

Supes rent-relief program saved 20,000 people from eviction during the pandemic - 48 hills
New city report shows how taxing the rich to help low-income renters is highly effective.

Irish Green Party deputy leader tells conference coming year is ‘pivotal’ and she is
‘absolutely committed’ to a new public broadcasting funding model
Catherine Martin signals ‘ground breaking’🔸 basic income scheme for artists 🔸to be expanded
Ms Martin said that the €105 million pilot scheme, which 💥guarantees artists enrolled on it an income of €325 a week, 💥was “ground breaking”.

Catherine Martin signals ‘ground breaking’ basic income scheme for artists to be expanded
Green deputy leader tells conference coming year is ‘pivotal’ and she is ‘absolutely committed’ to new public broadcasting funding model

This https://arxiv.org/abs/2403.13923 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_ees…

Credit vs. Discount-Based Congestion Pricing: A Comparison Study
Tolling, or congestion pricing, offers a promising traffic management policy for regulating congestion, but has also attracted criticism for placing outsized financial burdens on low-income users. Credit-based congestion pricing (CBCP) and discount-based congestion pricing (DBCP) policies, which respectively provide travel credits and toll discounts to low-income users on tolled roads, have emerged as promising mechanisms for reducing traffic congestion without worsening societal inequities. Ho…

A US appeals court reverses a 2021 ruling that prevented New York from enforcing a law requiring ISPs to offer low-cost broadband plans to low-income consumers (Jon Brodkin/Ars Technica)
https://arstechnica.com/tech-policy/20

Court upholds New York law that says ISPs must offer $15 broadband
New York obtains significant win for states' ability to regulate broadband.

Very glad to see this Class Action approved and moving ahead. Not only is it right and fair for the people who got the financial rug pulled out from under them (causing some to die by suicide) but it makes it clear just how many people were helped by UBI! It was working!!! People were getting out of the hole our current systems create!
#UBI

This guy is so out of touch. The cereals he says to have for dinner are all loaded with sugar and not much else in the way of nutritional value except for the minor added vitamins. Mostly little in the way of fiber, no protein, little minerals and so damned expensive. Then to add milk will make it even more expensive for families that are on a limited budget.

Here's my latest Human Meme podcast episode: A Comprehensive Exploration of Universal Basic Income: Unveiling the Future of Economic Stability - http://sites.libsyn.com/84966/a-comprehensive-exploration-o…

Imax reports Q4 revenue of $86M, vs. $89.59M est., down 12% from Q4 2022, when Imax experienced a rapid reopening of cinemas in China, and net income of $2.5M (Etan Vlessing/The Hollywood Reporter)
https://www.hollywoodreporter.com/business

Box Office Slowdown Hits Imax As Quarterly Revenue Falls
Overall quarterly revenue came to $86 million, down 12 percent from a year-earlier $98 million, as 'Aquaman and the Lost Kingdom,' 'Taylor Swift: The Eras Tour' and 'Wonka' played on its screens.

#IRS
Via caesararum, BS, DOGS @caesararum
·
5h
I know why this is here, but it will never be not funny

#UBI for #Artists - #Ireland
"Ms Martin said that the €105 million pilot scheme, which guarantees artists enrolled on it an income of €325 a week, was “ground breaking”.
“Looking at the early findings o…

Catherine Martin signals ‘ground breaking’ basic income scheme for artists to be expanded
Green deputy leader tells conference coming year is ‘pivotal’ and she is ‘absolutely committed’ to new public broadcasting funding model

Maybe people would be happier if we hadn’t let income inequality get out of control. https://time.com/5888024/50-trillion-income-inequality-america/

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That’s Made the U.S. Less Secure
A report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure.

The US system for the marginal taxation of individual income relies on seven income brackets. The top bracket covers all income over $578,126 for single filers and all over $693,751 for those married filing jointly.
CBO publishes a long list of "Budget Options," including various proposals to raise tax rates. However, **none of the options considered would increase the number of brackets. Why not?**
Why shouldn't we add 7 more brackets for income above $1,000,000?…

This https://arxiv.org/abs/2311.13008 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_csCR_…

zkTax: A pragmatic way to support zero-knowledge tax disclosures
Tax returns contain key financial information of interest to third parties: public officials are asked to share financial data for transparency, companies seek to assess the financial status of business partners, and individuals need to prove their income to landlords or to receive benefits. Tax returns also contain sensitive data such that sharing them in their entirety undermines privacy. We introduce a zero-knowledge tax disclosure system (zkTax) that allows individuals and organizations to …

Has anyone studied the frequency of software updates for 1) open source, 2) commercial licensed; 3) subscription based?
I’m starting to get the feeling that’s actually the order on how frequently each category releases. I know subscription provides steady income and is healthier for creators, but I’m wondering if the reason of “allows us to release frequently” argument is actually valid.

Russia's full-scale attack on #Ukraine was accompanied by an energy war against Europe. The energy price spike was caused by Russia, and the energy transition helps Ukraine (by reducing Russian income) and makes the rest of Europe less dependent on Russia.
We need to push on!
#energytransition

👍
https://48hills.org/2024/04/supes-rent-relief-program-saved-20000-people-from-eviction-during-the-pandemic/

Supes rent-relief program saved 20,000 people from eviction during the pandemic - 48 hills
New city report shows how taxing the rich to help low-income renters is highly effective.

Kinda chilling to read this passage in Cathy O'Neil's Weapons of Math Destruction at the end of yet another week with news of humanities and social science subjects being cut at a UK university

This https://arxiv.org/abs/2403.13923 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_ees…

Credit vs. Discount-Based Congestion Pricing: A Comparison Study
Tolling, or congestion pricing, offers a promising traffic management policy for regulating congestion, but has also attracted criticism for placing outsized financial burdens on low-income users. Credit-based congestion pricing (CBCP) and discount-based congestion pricing (DBCP) policies, which respectively provide travel credits and toll discounts to low-income users on tolled roads, have emerged as promising mechanisms for reducing traffic congestion without worsening societal inequities. Ho…

Saharaline: A Collective Social Support Intervention for Teachers in Low-Income Indian Schools
Rama Adithya Varanasi, Aditya Vashistha, Nicola Dell
https://arxiv.org/abs/2402.14292

Saharaline: A Collective Social Support Intervention for Teachers in Low-Income Indian Schools
This paper presents Saharaline, an intervention designed to provide collective social support for teachers in low-income schools. Implemented as a WhatsApp-based helpline, Saharaline enables teachers to reach out for personalized, long-term assistance with a wide range of problems and stressors, including pedagogical, emotional, and technological challenges. Depending on the support needed, teachers' requests are routed to appropriate domain experts -- staff employed by educational non-profit o…

"Solar is about to get a lot more affordable for low-income households"
#US #USA #America #Solar

Solar is about to get a lot more affordable for low-income households
The EPA’s historic, $7B Solar for All program will help every state fund solar projects for lower-income residents. In many states, that will be a first.

In one figure: Why affordable housing should whenever possible be built in places where you don't need a car.
And also why a person with below-median income will usually come out ahead financially if a new transit line lets them live without a car, even if it raises their rent a whole lot.
https://…

America's 1% Has Taken $50 Trillion From the Bottom 90% | TIME https://time.com/5888024/50-trillion-income-inequality-america/

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That’s Made the U.S. Less Secure
A report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure.

💰 Password crackdown leads to more income for Netflix
#netflix #streaming

Password crackdown leads to more income for Netflix
Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead.

You want to know if there is interest in a UBI?
Most read story on the CBC right now!
#CanPoli #CdnPoli #UBI

U.S. Multifamily Market Snapshot — Q4 2023
Arbor - February 22, 2024
“The U.S. multifamily market continued to show signs of slowing at the end of 2023, although demand remained robust, with high home prices leading younger generations of higher-income households to choose renting over homeownership.”

U.S. Multifamily Market Snapshot Q4 2023 - Arbor Realty
The U.S. multifamily market continued to show signs of slowing at the end of 2023, although demand remained robust, with high home prices leading younger generations of higher-income households to choose renting over homeownership.

Income declaration suggests Shmyhal's family earns 8 times his salary: https://benborges.xyz/2024/03/30/income-declaration-suggests.html

Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5% ; GOOG up 13% after hours (Alphabet)
https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/20…

Here's their press release from this morning:
Alt text here instead of in images due to length:
NEWS RELEASE Embargoed until April 24, 7:00am PST
Divest From Death USA
Media Contact: Media Liaisons, USC Divest From Death Coalition USCSolidarityOccupation@protonmail.com
USC Divest From Death Coalition to Begin Gaza Solidarity Occupation in University of
Southern California Campus
LOS ANGELES. (April 24, 2023) — USC Divest From Death Coalition today announced theit occupation of USC's Alumni Park, where the increasingly controversial 2024 Commencement is currently set to take place. The students taking part in the Gaza Solidarity Occupation are planning to occupy USC until their demands are met. The coalition joins other students groups across the country in the National Students for Justice in Palestine's "Popular University for Gaza," a coordinated mass movement of students, faculty and staff that disrupts universities, creating climates that push universities to answer community and international calls for full divestment from the Zionist entity, and all of the industries that sustain it.
1. End War Profiteering and Investment in Genocide. USC must fully disclose and divest its finances and endowment from companies and institutions that profit from Israeli apartheid, genocide, and occupation in Palestine, including the US Military and weapons manufacturing. USC must comumit to accountability through full transparency of their financial investments.
2. Complete Academic Boycott of Israel. USC must end its study abroad programs at Hebrew University's Rothenberg International School and Reichman University and sever all academic ties and research cooperation with Israeli universities.
3. Protect free speech on campus and provide full amnesty to all students, staff, and faculty disciplined, penalized, or fired for their pro-Palestine ackivism. USC must abide by their self- proclaimed Diversity, Equity, and Inclusion values and implement material policies protecting the safety of its marginalized students.
4. Stop the Displacement, from South Central to Palestine. No land grabs, whether in South Central, Tongva territory, or Palestine. Cease expansion, provide reparations, and support housing for low-income South Central residents. No development by USC without genuine community control.
5. No Policing on Campus. End the targeted repression and harassment of Black, Brown, and Palestinian students and their allies on and off campus, including through university disciplinary processes. Defund the Department of Public Safety and disclose and sever all ties with the LAPD.
6. End the Silence on the Genocide in Palestine. Release a public statement calling for an immediate, permanent ceasefire in Gaza, denouncing the ongoing genocidal campaign against the Palestinian people, and call on government officials o do so too.
"I'm participating in the Gaza Solidarity Occupation at USC to highlight and amplify the anti- zionist Jewish voice at USC and be in solidarity with the Palestinian fight for liberation," says a student organizer from USC's chapter of Jewish Voices for Palestine (JVP). "JVP USC feels our voice is especially important right now as many people at USC and across the country are equating zionism and Judaism, but we are here to say they are not the same! We stand by our belief of free speech, resistance to oppressive systems and solidarity with our valedictorian Asna and all other college campuses where pro-Palestine voices have been silenced."
The USC Divest From Death Coalition establishes the occupation mo st fundamentally in solidarity with the people of Palestine as they resist genocide and continue in their struggle for liberation. The occupation is also in resistance to attempts by USC and other universities to suppress the student movement for Palestine on its campuses, in resistance to the silencing of students that criticize the state of Israel, in resistance to the university administrators and boards of trustees who profit off the genocide of Palestinians; The students taking part are firm in their commitment to speaking out against the university's complicity in the genocide of the Palestinian people.
"USC's funding of the ongoing genocide perpetuated by the zionist entity is reflective of maintaining imperialist interests abroad, as well as solidifying the shared ideology of amerikan and zionist institutions in preserving racialized oppression," says a student organizer of the Gaza Solidarity Occupation. "To not stand in opposition to the expressly racist violence here and abroad is to ignore the calls for solidarity demanded by the majority of the world. USC acts in accordance with these oppressions, and to call against this is to recognize both the inhumanity of these systems and our own humanity in opposing them."
We have chosen to use the word "occupation” instead of "encampment" to draw attention to USC as an occupying force on unceded Gabrieleno/Tongva land, an occupying force in South Central through its expansion into, gentrification of, and destruction of the existing community, and as a complicit power in Israeli occupation of Palestine.
About USC Divest From Death
In joining the national "Cut Ties with Genocide: Divest from Death" campaign, USC Divest From Death pushes our institutions to divest from companies complicit in the genocide of Palestinians, in all its iterations, alongside thousands of campuses. The coalition's push for the advancement of the key demand points on campus is the first steps towards the liberation of all people by ending the complicity of the University of Southern California in the violence enacted on our communities. Through the intentional act of coalition building, the students of USC realize that we are part of an interconnected fight for freedom taking place on campus, in our communities and homelands. We envision campuses free from militarism, occupation, and war through the implementation of divestment at USC
About Students for Justice in Palestine (SJP)
The student movement for the liberation of Palestine first began in the 1950s through the formation of the General Union of Palestinian Students (GUPS). From the U.S. to Palestine, GUPS chapters galvanized thousands of students towards a liberated Palestine. The 90s” wave of corrupt politicians and faulty deals changed the liberation movement as we knew it and many institutions, including the student movement, collapsed. In the absence of a Palestinian student movement, organizations such as Students for Justice in Palestine emerged across occupied Turtle Island (U.S. and Canada) as a way to educate, advocate, and mobilize in support for Palestinian liberation. Nearly two decades after the formation of the first Students for Justice in Palestine, the movement for Palestine has taken colleges and universities across North America by storm. With over 200 campus Palestine solidarity organizations across the continent, students have been leaders in uplifting demands for freedom, Justice, and equality for the Palestinian people.

Bidens report nearly $620K in income, Harris and her husband report over $450K (Alex Gangitano/The Hill)
https://thehill.com/homenews/administration/4595783-bidens-report-nearly-620k-in-income-harris-and-her-husband-report-over-450k/
http://www.memeorandum.com/240415/p64#a240415p64

Andrea Fumagalli, economista all'universitŠ di Pavia e membro del Basic Income Network Italia: «Credo sia importante partire da un punto fermo. Qualunque politica di sostegno al reddito non deve essere considerata una politica attiva del lavoro. Sono due ambiti separati. Il sostegno al reddito deve essere considerato un’attivitŠ remunerativa e non meramente assistenziale o di inclusione al lavoro».

Andrea Fumagalli: «L’alternativa c’è: separare il reddito dalle politiche attive del lavoro» | il manifesto
Il reddito è di base (Lavoro) Andrea Fumagalli, economista all'università di Pavia e membro del Basic Income Network Italia: "È una questione politica che la sinistra deve iniziare ad affrontare insieme alla tassazione delle grandi ricchezze e delle piattaforme digitali". Di Roberto Ciccarelli

"We are at a pivotal moment in human history. #ArtificialIntelligence is transforming industries ranging from manufacturing to finance to transportation to the arts, automating jobs once thought impossible to replicate.
Banning policy experiments limits data-driven discussions on responses to poverty & job loss.

If the Republican Party bans the UBI, what the fuck is their plan? — Joan Westenberg
Business Insider: Republican lawmakers in Arizona are joining a chorus of conservatives across the country trying to ban basic income programs, which offer residents no-strings-attached payments. Arizona state lawmakers introduced a bill that would ban any municipality or county from making paym

Cap Overdraft Fees at $3! Submit an Official Public Comment Supporting the CFPB’s Junk Fees Proposal Now!
https://actionnetwork.org/letters/submit-an-official-public-comment-supporting-the-cfpbs-overdraft-fees-p…

Cap Overdraft Fees at $3! Submit an Official Public Comment Supporting the CFPB’s Junk Fees Proposal Now!
At long last, the Consumer Financial Protection Bureau has issued their finalized proposal on capping exploitative overdraft fees, which in some cases have been set as high as $39 per transaction.[1] This proposal is part of CFPB’s ongoing effort to tackle junk fees in the banking and finance industries -- and it’s a very significant step towards just and equitable banking, since the group of people most impacted by overdraft fees are low-income, Black, and brown families. The ne…

Der #Klimawandel könnte bis 2050 weltweit zu einem #Einkommensverlust von 19% führen, was etwa 38 Billionen Dollar pro Jahr entspricht. Dieser Verlust ist sechsmal höher als die Kosten, die nötig wären, um die Erwärmung auf 2 Grad zu begrenzen. Besonders betroffen sind Länder wie

The economic commitment of climate change - Nature
Analysis of projected sub-national damages from temperature and precipitation show an income reduction of 19% of the world economy within the next 26 years independent of future emission choices.

Image if the US government gave $61 billion to all of the homeless, starving, low income residents of our own country.
Wouldn't that be an amazing thing to do for our own people?
#RandomThoughts #TakeCareOfYourOwn

Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5% ; GOOG up 13% after hours (Alphabet)
https://abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/20…

There is currently much hand-wringing in #Denmark about how unequal health outcomes are between regions of the country - almost entirely explained by income differences.
#HealthInequalities can always be made better...

It is time to tax church income and property.
I'd limit that tax by exempting income and property that is reasonably tied to the religious belief and practice. But I'd make it clear that that exemption excludes things like parking lots, aircraft - pretty much everything that a church of 1790 (remember we are in an era of Constitutional "way back then" ism) would not have.
I'm not sure whether I'd exempt some modern things from tax, such as church TV pro…

#canada #housing

"Fake Chinese income" mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks
“I found out a huge mortgage fraud showing borrowers with exaggerated income from one specific country, China": The Bureau investigates whistleblower docs

This https://arxiv.org/abs/2310.00231 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_eco…

The Distributional Impact of Inflation in Pakistan: A Case Study of a New Price Focused Microsimulation Framework, PRICES
This paper develops a microsimulation model to simulate the distributional impact of price changes using Household Budget Survey data, income survey data and an Input Output Model. The primary purpose is to describe the model components. The secondary purpose is to demonstrate one component of the model by assessing the distributional and welfare impact of recent price changes in Pakistan. Over the period of November 2020 to November 2022, headline inflation 41.5 percent, with food and transpor…

The Fed's preferred measure of inflation came down to 2.6% at the end of last year.
https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023
And so far (knock on wood) the US economy is still adding hundreds of thousands o…

As part of $1.9 billion for EV funding, California Energy Commission is backing ChargeWise, an 🇬🇧 ev.energy project with up to $41 million to bring affordable smart charging to the masses.
https://www.ev.energ…

ev.energy to Scale Electric Vehicle Charging Solutions Across California with $41 Million California Energy Commission Grant
The managed charging program aims to partner with California CCAs and utilities to enroll 275,000 new EV drivers in the ChargeWise program, including those within low-income communities

I read 'The irony of AI in a low-to-middle-income country' - 'why are they prioritizing AI technology when, in fact, other more pressing technological issues need to be addressed first?'
You could ask the same about AI in the NHS - faster diagnostics are great, but it needs more humans
https://

The irony of AI in a low-to-middle-income country - AI & SOCIETY

Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; stock is up 5% after hours (Microsoft)
https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q3/press-release-…

This https://arxiv.org/abs/2309.08431 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Decentralised Finance and Automated Market Making: Predictable Loss and Optimal Liquidity Provision
Constant product markets with concentrated liquidity (CL) are the most popular type of automated market makers. In this paper, we characterise the continuous-time wealth dynamics of strategic LPs who dynamically adjust their range of liquidity provision in CL pools. Their wealth results from fee income, the value of their holdings in the pool, and rebalancing costs. Next, we derive a self-financing and closed-form optimal liquidity provision strategy where the width of the LP's liquidity range …

My wife & I are considering downsizing so I'm getting reacquainted with the real estate market. Web surfing led me to this Property Price Index by City. It ranks cities worldwide by how many years it would take to buy a home (ratio of median housing prices to median disposable income). Vancouver is the most expensive at 16.5 years (#54 worldwide) and Toronto is 2nd at 13.9 (#86). The most affordable? Edmonton is 4 years.

I believe that the MA e-bike rebate program is poorly designed if the goal is maximizing number of car miles replaced with bike miles. As designed, I fear that it is a poorly targeted charitable program. It would be better to do grant-style funding of entire bikes for low-income families, while using limited value rebates for higher income families, to achieve the goals theoretically sought under the current program.

I think the hardest part about introducing Universal Basic Income will be the decision on what dialect to use: Commodore BASIC? Atari BASIC? MSX? Or even VBA?

Relying solely on a salary leaves you vulnerable to financial instability. Explore opportunities for passive income, investments, freelancing, or entrepreneurship.
As the 2020 pandemic illustrated, your job is not secure. Events beyond your control could easily end your job and thus your income – without much warning. Trading time for money used to represent security. Today it is a high risk venture.
#Investment #Entrepreneurship #DiversifyIncome

Fascinating - once again, a discussion of homelessness that completely avoids discussing the issue of how to provide housing to the very low income community, and why there might not be safe housing available to the very low income community.
The Town at the Center of a Supreme Court Battle Over Homelessness

The Town at the Center of a Supreme Court Battle Over Homelessness
A lawsuit by a group of homeless residents of a small Oregon town could reshape the way cities across the country deal with homelessness.

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 (Meta Investor Relations)
https://investor.fb.com/investor-news/…

Meta Reports First Quarter 2024 Results
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024. "It's been a good start to the year," said Mark Zuckerberg, Meta founder and CEO. "The new version of Meta AI with Llama 3 is another step towards building the world's leading AI. We're seeing healthy growth across our apps and we continue making steady progress building the metaverse as well." First Quarter 2024 Financial Highlights Three Months Ended March 31, % Change In millions, …

Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; stock is up 5% after hours (Microsoft)
https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q3/press-release-…

Bidens report nearly $620K in income, Harris and her husband report over $450K (Alex Gangitano/The Hill)
https://thehill.com/homenews/administration/4595783-bidens-report-nearly-620k-in-income-harris-and-her-husband-report-over-450k/
http://www.memeorandum.com/240415/p64#a240415p64

Andrea Fumagalli, economista all'universitŠ di Pavia e membro del Basic Income Network Italia: «Credo sia importante partire da un punto fermo. Qualunque politica di sostegno al reddito non deve essere considerata una politica attiva del lavoro. Sono due ambiti separati. Il sostegno al reddito deve essere considerato un’attivitŠ remunerativa e non meramente assistenziale o di inclusione al lavoro».

Andrea Fumagalli: «L’alternativa c’è: separare il reddito dalle politiche attive del lavoro» | il manifesto
Il reddito è di base (Lavoro) Andrea Fumagalli, economista all'università di Pavia e membro del Basic Income Network Italia: "È una questione politica che la sinistra deve iniziare ad affrontare insieme alla tassazione delle grandi ricchezze e delle piattaforme digitali". Di Roberto Ciccarelli

Half of American renters pay more than 30% of income on housing, study shows | PBS NewsHour
https://www.pbs.org/newshour/show/half-of-american-renters-pay-more-than-30-of-income-on-housing-study-shows

Half of American renters pay more than 30% of income on housing, study shows
Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to Harvard's Joint Center for Housing Studies. Stephanie Sy reached out to renters across the country to hear how these soaring prices are impacting their lives and discussed their issues with Whitney Airgood-Obrycki.

Fascinating - once again, a discussion of homelessness that completely avoids discussing the issue of how to provide housing to the very low income community, and why there might not be safe housing available to the very low income community.
The Town at the Center of a Supreme Court Battle Over Homelessness

The Town at the Center of a Supreme Court Battle Over Homelessness
A lawsuit by a group of homeless residents of a small Oregon town could reshape the way cities across the country deal with homelessness.

Biden Builds Back Better
There's an unprecedented building boom underway in America.
With it has come a less-noticed phenomenon: ♦️a surge of investment into communities left behind in the last economic expansion.♦️
Poorer counties with lower employment rates have attracted a large share of the hundreds of billions of dollars allocated for clean energy projects, semiconductor mega-factories and more.
If sustained, the investment surge has the potential to help r…

America's poorer counties are new investment boomtowns: study
Biden-era programs spurred investment surge in low-income counties, study finds

#canada #housing

"Fake Chinese income" mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks
“I found out a huge mortgage fraud showing borrowers with exaggerated income from one specific country, China": The Bureau investigates whistleblower docs

Half of American renters pay more than 30% of income on housing, study shows | PBS NewsHour
https://www.pbs.org/newshour/show/half-of-american-renters-pay-more-than-30-of-income-on-housing-study-shows

Half of American renters pay more than 30% of income on housing, study shows
Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to Harvard's Joint Center for Housing Studies. Stephanie Sy reached out to renters across the country to hear how these soaring prices are impacting their lives and discussed their issues with Whitney Airgood-Obrycki.

I believe that the MA e-bike rebate program is poorly designed if the goal is maximizing number of car miles replaced with bike miles. As designed, I fear that it is a poorly targeted charitable program. It would be better to do grant-style funding of entire bikes for low-income families, while using limited value rebates for higher income families, to achieve the goals theoretically sought under the current program.

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 (Meta Investor Relations)
https://investor.fb.com/investor-news/…

Meta Reports First Quarter 2024 Results
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024. "It's been a good start to the year," said Mark Zuckerberg, Meta founder and CEO. "The new version of Meta AI with Llama 3 is another step towards building the world's leading AI. We're seeing healthy growth across our apps and we continue making steady progress building the metaverse as well." First Quarter 2024 Financial Highlights Three Months Ended March 31, % Change In millions, …

Tesla paid no federal income taxes while paying executives $2.5 billion over five years (Sarah Fielding/Engadget)
https://www.engadget.com/tesla-paid-no-federal-income-taxes-while-paying-executives-25-billion-over-five-years-154529907.html
http://www.memeorandum.com/240313/p54#a240313p54

Zelensky publishes declaration of $317,000 in family income in 2023: https://benborges.xyz/2024/03/29/zelensky-publishes-declaration.html

Fascinating - once again, a discussion of homelessness that completely avoids discussing the issue of how to provide housing to the very low income community, and why there might not be safe housing available to the very low income community.
The Town at the Center of a Supreme Court Battle Over Homelessness

The Town at the Center of a Supreme Court Battle Over Homelessness
A lawsuit by a group of homeless residents of a small Oregon town could reshape the way cities across the country deal with homelessness.

How might we address this problem?
#IncomeInequality vs

Why the world cannot afford the rich
Equality is essential for sustainability. The science is clear — people in more-equal societies are more trusting and more likely to protect the environment than are those in unequal, consumer-driven ones.

SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022 (Yoolim Lee/Bloomberg)
https://www.bloomberg.com/news/articles/20

Chipmaker SK Hynix Records Fastest Sales Growth Since 2010 on AI Memory Boom
SK Hynix Inc. logged its fastest pace of revenue expansion since at least 2010, buoyed by strong sales of high-end memory chips used to power AI applications.

The IRS already has all your income tax data – so why do Americans still have to file their taxes?
https://theconversation.com/the-irs-already-has-all-your-income-tax-data-so-why-do-americans-still-…

The IRS already has all your income tax data – so why do Americans still have to file their taxes?
A tax expert explains why the US continues to use such a complex and costly income tax system.

The UK government sets a panel to assess the BBC's current licensing model, examine alternate funding options, and find ways to grow commercial income (Max Goldbart/Deadline)
https://deadline.com/2024/03/bbc-licence-fee-peter-bazalgette-itv-123586…

Former ITV & Channel 5 Bosses To Examine Future Funding At The BBC
BBC funding license fee will be examined By Peter Bazalgette and David Elstein on an expert panel.

IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5% (Jordan Novet/CNBC)
https://www.cnbc.com/2024/04/24/ibm-q1-earnings-report-2024…

Credit vs. Discount-Based Congestion Pricing: A Comparison Study
Chih-Yuan Chiu, Devansh Jalota, Marco Pavone
https://arxiv.org/abs/2403.13923 https://

Credit vs. Discount-Based Congestion Pricing: A Comparison Study
Tolling, or congestion pricing, offers a promising traffic management policy for regulating congestion, but has also attracted criticism for placing outsized financial burdens on low-income users. Credit-based congestion pricing (CBCP) and discount-based congestion pricing (DBCP) policies, which respectively provide travel credits and toll discounts to low-income users on tolled roads, have emerged as promising mechanisms for reducing traffic congestion without worsening societal inequities. Ho…

The IRS already has all your income tax data – so why do Americans still have to file their taxes?
https://theconversation.com/the-irs-already-has-all-your-income-tax-data-so-why-do-americans-still-…

The IRS already has all your income tax data – so why do Americans still have to file their taxes?
A tax expert explains why the US continues to use such a complex and costly income tax system.

👓 Having the right glasses could boost earning power by a third, Bangladesh study shows
https://www.theguardian.com/global-development/2024/apr/04/having-the-right-glasses-could-boost-e…

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern (Associated Press)
https://apnews.com/article/trump-biden-income-taxes-irs-returns-filings-55d3031de64251169eb247f52430618d
http://www.memeorandum.com/240415/p10#a240415p10

How might we address this problem?
#IncomeInequality vs

Why the world cannot afford the rich
Equality is essential for sustainability. The science is clear — people in more-equal societies are more trusting and more likely to protect the environment than are those in unequal, consumer-driven ones.

Didi Q4: revenue up 55.4% YoY to ~$6.83B, a ~$113.15M net income, up from a ~$131.8M loss YoY, as the company continues its recovery after regulatory challenges (Reuters)
https://www.reuters.com/technology/chinas-didi-swings-profit-fourth-qu…

Sony Pictures reports Q3 sales up 5% YoY to $2.47B, operating income up 56% to $281M; Sony Music revenue up 16% YoY to $2.81B, operating income up 21% to $507M (Patrick Frater/Variety)
https://variety.com/2024/biz/news/sony-third-quarter-1235910308/

Sony Pictures Quarterly Profits Leap, Lifting Group
Profits at Sony Pictures increased by 56% in the October to December quarter hitting $281 million.

Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income (Ashley Carman/Bloomberg)
https://www.bloomberg.com/news/articles/20

Spotify (SPOT) Boosts Paid Subscribers in First Quarter, Beating Estimates
Spotify Technology SA, the audio-streaming giant, reported first-quarter results broadly in line with analyst forecasts as the company continued to add new features.

America's poorer counties are new investment boomtowns: study (Courtenay Brown/Axios)
https://www.axios.com/2024/02/14/biden-economy-low-income-investment-study
http://www.memeorandum.com/240214/p94#a240214p94

FCC Commissioner: Ending affordable internet is a gut punch to US prosperity | The Hill
https://thehill.com/opinion/technology/4481178-fcc-commissioner-ending-affordable-internet-is-a-gut-punch-to-us-prosp…

FCC Commissioner: Ending affordable internet is a gut punch to US prosperity
To put it plainly, the Affordable Connectivity Program is the most effective program we’ve had in helping low-income Americans get online and stay online.

Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion (Jane Zhang/Bloomberg)
https://www.bloomberg.com/news/articles/20

Meituan’s Revenue Beats Estimates After Staving Off ByteDance
Meituan’s quarterly revenue climbed 23%, a sign that it’s making headway in efforts to fend off a challenge from ByteDance Ltd.’s Douyin in China’s meal delivery arena.

Q&A with Evan Smith, Texas Tribune CEO from 2009 to 2022, on earned income in nonprofit journalism, sponsorship to fund news for marginalized people, and more (Richard J. Tofel/Second Rough Draft)
https://dicktofel.substack.com/p/the-texas-tribune-examp…

The Texas Tribune, Example or Exception?: A Candid Talk with Evan Smith About Earned Income
Events, sponsorship-- and why one size doesn't fit all

To settle a class action suit, Uber agreed to pay ~$178M to compensate taxi drivers in Australia who claimed they lost income when Uber entered the local market (Angus Whitley/Bloomberg)
https://www.bloomberg.com/news/articles/20

Uber to Pay Australian Taxi Drivers $178 Million to Settle Suit
Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market.

A lot starts with veterans, and is often then disseminated into the larger culture, so this sounds like a very #GoodThing:
Veteran Basic Income could be the solution the VA has been searching for  | The Hill

Veteran Basic Income could be the solution the VA has been searching for 
The old adage “delay, deny, wait til I die” appears to be many veterans’ experiences. 

Lenovo beats estimates with Q3 revenue up 3% YoY to $15.72B after 5 quarters of decline and net income down 23% YoY to $337M; services revenue up 10% YoY to $2B (Josh Ye/Reuters)
https://www.reuters.com/technology/chinas-

Tencent reports Q4 revenue up 7% YoY to ~$21.6B, vs. ~$21.8B est., a ~$3.8B net income, vs. ~$4.6B est., and plans a $12.8B stock buyback, as gaming sales slow (Zheping Huang/Bloomberg)
https://www.bloomberg.com/news/articles/20

Tencent Sales Disappoint After Pervasive Chinese Slowdown Bites
Tencent Holdings Ltd.’s revenue missed estimates, in another sign that China’s faltering economic recovery is taking a toll on its gaming and social media portfolios.

Robinhood reports Q4 net revenue up 24% YoY to $471M, net interest revenue up 41% YoY to $236M, and net income of $30M, vs. a loss of $166M YoY; HOOD jumps 15% (Manya Saini/Reuters)
https://www.reuters.com/business/finance/ro…

Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs (Bloomberg)
https://www.bloomberg.com/news/articles/2024-03-…

Xiaomi’s Sales Beat Estimates After Smartphone Market Recovers
Xiaomi Corp. posted better-than-expected revenue after the smartphone market showed signs of life during the holiday quarter, spurring hopes of an end to a years-long global electronics slump.

Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs (Bloomberg)
https://www.bloomberg.com/news/articles/2024-03-…

Xiaomi’s Sales Beat Estimates After Smartphone Market Recovers
Xiaomi Corp. posted better-than-expected revenue after the smartphone market showed signs of life during the holiday quarter, spurring hopes of an end to a years-long global electronics slump.

Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY (Sarah Whitten/CNBC)
https://www.cnbc.com/2024/04/18/netflix-nflx-earnings-q1-2024.html

ASML reports Q1 net sales down 21.6% YoY to €5.29B, vs. €5.39B est., net income down 37.4% YoY to €1.22B, vs. €1.07B est., and net bookings down 4% YoY to €3.6B (Arjun Kharpal/CNBC)
https://www.cnbc.com/2024/04/17/asml-earnings-report-q1-2024.html