Posts filtered by tags: Economic Security Project[x]


 

The White House says it's up to Congress to decide on sending more stimulus checks because they're 'not free'

White House Press Secretary Jen Psaki. Alex Wong/Getty Images The White House said it will be up to Congress to decide if more stimulus checks go out this year. "We'll see what members of Congress propose, but those are not free," Psaki said. Lawmakers are unlikely to approve additional payments as the economy displays signs of improvement. See more stories on Insider's business page. The White House said Tuesday it will be up to Congress to decide if more direct payments go out th...
Tags: Congress, Senate, White House, Elizabeth Warren, Trends, Biden, White House Press, Sens Bernie Sanders, Jen Psaki, Psaki, Economic Security Project, Joseph Zeballos Roig, Jen Psaki Alex Wong Getty, Centrist Democrats


A New Browser Extension Blocks Any Websites that Use Google, Facebook, Microsoft, or Amazon

The Economic Security Project is trying to make a point about big tech monopolies by releasing a browser plugin that will block any sites that reach out to IP addresses owned by Google, Facebook, Microsoft, or Amazon. From a report: The extension is called Big Tech Detective, and after using the internet with it for a day (or, more accurately, trying and failing to use), I'd say it drives home the point that it's almost impossible to avoid these companies on the modern web, even if you try. Curr...
Tags: Amazon, Tech, Google Facebook Microsoft, Economic Security Project


Democrats retook Senate control after the Georgia runoffs. Here's the legislative maneuver they could use to get $2,000 stimulus checks to Americans and boost Obamacare - all without GOP support.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. Chip Somodevilla/Getty Images Democrats won control of the Senate on Tuesday, and it opens the door for Biden to accomplish more of his policy agenda. Among the measures include $2,000 stimulus checks for Americans, which was shot down by Republicans. Reconciliation allows tax-and-spending legislation to be passed with a simple majority vote. Visit Business Insider's homepage for more stories. The policy ambitions of Pres...
Tags: Congress, Washington, Oregon, Senate, America, Barack Obama, Trends, Georgia, Joe Biden, Gop, House, Capitol Hill, Nancy Pelosi, Biden, Donald Trump, Kamala Harris


More than 125 economists, including Obama's former top economic advisor, have signed a letter urging Congress to send a second round of $1,200 stimulus checks

Carlos Ponce joins a protest in in Miami Springs, Florida, asking senators to continue unemployment benefits past July 31, 2020. Joe Raedle/Getty Images A group of more than 125 economists worldwide are calling for another round of $1,200 COVID-19 stimulus checks to keep Americans out of poverty. Signatories included Jason Furman — who was the top economic advisor to former president Barack Obama — as well as Claudia Sahm, a former Fed economist, and Alan Blinder, a former Federal Reserve...
Tags: Obama, Congress, Senate, US, Barack Obama, Trends, Joe Biden, Democrats, House, Mitch McConnell, Nancy Pelosi, Federal Reserve, Biden, Fed, Urban Institute, McConnell


Compton Follows Stockton In Launching Guaranteed Income Program

(CBS13/CNN) — Compton will become the second California city to launch a pilot program that guarantees free, recurring cash payments to some of its low-income residents — with no strings attached. The launch of the Compton Pledge, a guaranteed income program that seeks to “challenge the racial and economic injustice plaguing both welfare programs and economic systems,” was announced by Mayor Aja Brown in a statement released Monday. The program is slated to begin later this year with a select gr...
Tags: News, California, Local, California News, America, Stockton, Black Lives Matter, Universal Basic Income, Compton, Brown, Aja Brown, North Sacramento, CBS Sacramento, Tubbs, Michael Tubbs, Jain Family Institute


One of Facebook's earliest employees is about to take his billion-dollar startup, Asana, public. Here's where the rest of Facebook's first employees ended up.

Facebook CEO Mark Zuckerberg in 2007. Paul Sakuma/AP Facebook launched in February 2004, and it's come a long way in the last 16 years.  Notably, almost all of the company's first 20 employees have since left the company. Only two remain, and you can probably guess who one of them is.  Some have become venture capitalists: Kevin Colleran opened Slow Ventures, while Sean Parker worked at Founders Fund for eight years.  Others have founded their own companies: Steve Chen created YouTube, and...
Tags: Google, Facebook, Mark Zuckerberg, New York, Adobe, Microsoft, Obama, California, Boston, Singapore, Disney, US, San Francisco, Trends, Features, Harvard


Only 2 of Facebook's earliest employees stayed at the company — here's what Facebook's first 20 employees are up to now

Facebook CEO Mark Zuckerberg in 2007. Paul Sakuma/AP Facebook launched in February 2004, and it's come a long way in the last 16 years. Notably, almost all of the company's first 20 employees have since left the company. Only two remain, and you can probably guess who one of them is. Some have become venture capitalists: Kevin Colleran opened Slow Ventures, while Sean Parker worked at Founders Fund for eight years. Others have founded their own companies: Dustin Moskovitz launched Asana, wh...
Tags: Google, Facebook, Mark Zuckerberg, New York, Enterprise, Adobe, Microsoft, Obama, California, Boston, Singapore, Disney, US, Careers, San Francisco, Trends


Economists call for more direct cash payments tied to the health of the economy

The stimulus payments should be issued automatically, based on certain economic indicators such as the unemployment rate, until there is enough evidence that the economy is recovering, the group of mostly left-leaning economists said in an open letter organized by the Economic Security Project and The Justice Collaborative. "The first round of economic impact payments were a lifeline that helped some get by for a few weeks," the economists wrote.
Tags: News, Economic Security Project


Why Americans Need a Guaranteed Income

The pandemic makes painfully clear that our economy must be reconfigured to be resilient in the face of disruption and change.
Tags: News, Income Inequality, Income, Hughes, United States Economy, Economic Security Project, Chris (1983-


Here's where Facebook's first 20 employees are now (FB)

Facebook launched in February 2004, and it's come a long way in the last 16 years.  Notably, almost all of the company's first 20 employees have since left the company. Only two remain, and you can probably guess who one of them is.  Some have become venture capitalists: Kevin Colleran opened Slow Ventures, while Sean Parker worked at Founders Fund for eight years.  Others have founded their own companies: Dustin Moskovitz launched Asana, while Steve Chen created YouTube.  Visit Business Insid...
Tags: Google, Facebook, Mark Zuckerberg, Adobe, Microsoft, Obama, California, Boston, Singapore, Disney, US, San Francisco, Trends, Tesla, Harvard, New York Times


Only 2 of Facebook's earliest employees stayed at the company — here's what Facebook's first 20 employees are up to now (FB)

Facebook launched in February 2004, and it's come a long way in the last 16 years.  Notably, almost all of the company's first 20 employees have since left the company. Only two remain, and you can probably guess who one of them is.  Some have become venture capitalists: Kevin Colleran opened Slow Ventures, while Sean Parker worked at Founders Fund for eight years.  Others have founded their own companies: Dustin Moskovitz launched Asana, while Steve Chen created YouTube.  Visit Business Insid...
Tags: Google, Facebook, Mark Zuckerberg, Adobe, Microsoft, Obama, California, Boston, Singapore, Disney, US, San Francisco, Trends, Tesla, Harvard, New York Times


Yang’s Pet Issue Could Outlive His Campaign

(Bloomberg) -- When Andrew Yang started thinking about a long-shot bid for the U.S. presidency, he asked Andy Stern, the former president of the Service Employees International Union, out for lunch in Greenwich Village.Back in 2017, Stern was perhaps the most prominent advocate for the idea of giving every American $1,000 each month. The year before, he had written a book called “Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream.” It hadn’t made...
Tags: New York, News, Congress, White House, America, Bloomberg, Iowa, Mitt Romney, Silicon Valley, Magic Leap, Oakland, Chris Hughes, Bloomberg LP, Michael Bloomberg, Kamala Harris, Rhodes


Stockton’s Universal Basic Income experiment is doomed to fail. Here’s why

What if we could solve poverty by just giving people money? It sounds too good to be true, which it is. But that hasn’t stopped a growing number of people from advocating for “Universal Basic Income,” or UBI. UBI proposals come in different shapes and sizes, but the central idea revolves around guaranteeing everyone — regardless of income or employment status — a certain minimum amount of money, usually doled out in monthly installments, and with little restrictions. Democrats have been flirting...
Tags: California, Opinion, China, America, Sport, Soccer, Hillary Clinton, Bill Gates, Stockton, Finland, Silicon Valley, Newark, Kamala Harris, Joseph, Brown, Board of Education


Fixes: Baby Steps Toward Guaranteed Incomes and Racial Justice

In Mississippi, a pilot project to distribute incomes to poverty-stricken single African-American mothers shows the plausibility of a more equal America.
Tags: News, Mississippi, Parenting, Poverty, Pennsylvania, Income Inequality, Blacks, Hughes, New America Foundation, Children and Childhood, Race and Ethnicity, Stockton (Calif, Economic Security Project, Chris (1983-


A basic income pilot in Mississippi will provide 15 black mothers with $1,000 for free every month, and it could lead to a much bigger experiment

Starting in December, a basic income pilot in Jackson, Mississippi, will give $1,000 a month to 15 black mothers. Aisha Nyandoro, who is overseeing the year-long pilot, said researchers will analyze how the income affects the participants' lives.  The pilot, Magnolia Mother's Trust, will also include opportunities for leadership training and counseling with a social worker. Magnolia Mother's Trust is supported by the philanthropic network Economic Security Project, which has provided $1 millio...
Tags: Facebook, Mississippi, Africa, US, Trends, Silicon Valley, Jackson, Chris Hughes, Business Insider, Ontario, Foster, Toronto Star, Oakland California, Roosevelt Institute, Jackson Mississippi, Ontario Canada


Chicago could be the largest US city to launch a basic income pilot — here are the other major experiments around the world

Universal basic income, a system in which everyone regularly receives a check from the government regardless of income, has been growing in popularity over the last few years. Former President Barack Obama even recently suggested that basic income may be a partial solution to the loss of jobs caused by automation.  In Chicago, alderman Ameya Pawar has proposed a bill to provide 1,000 families with $500 a month in a pilot that would make Chicago the largest US city to try a basic income program....
Tags: Mark Zuckerberg, California, Ebay, US, Barack Obama, Trends, Chicago, Harvard, Alaska, Stockton, Silicon Valley, Sam Altman, Oakland California, Stockton California, Tubbs, Pierre Omidyar


Supporting bold ideas for creating a social safety net

We believe that technology has the power to connect people, create opportunities, and inspire change. But we also understand that changes in technology can mean significant changes in our economy and our society, risking leaving some without the right tools or skill set to adapt. That’s why, as part of our efforts to ensure that technology serves everyone, we’re supporting programs that help people prepare for a new economic future. For example, people can use Grow with Google to acquire the ski...
Tags: Google, Walmart, Aspen, Economic Security Project, OCAD University, Grow With Google, Aspen Institute Future of Work Initiative, TheNew School 's Platform Co op Consortium, Inclusive Design Research Centre, Platform Co op Development Kit


Facebook cofounder Chris Hughes explains what he learned from sinking $25 million into a business venture that ultimately failed

Facebook cofounder Chris Hughes ultimately made $500 million for helping his Harvard roommate Mark Zuckerberg build the company in its first three years. Hughes bought The New Republic magazine, a long-running liberal journal, in 2012, with hopes of making it a financially stable mainstream success. After investing $25 million into it and losing three quarters of his staff over editorial changes, the magazine barely added any readers, and he sold it in 2016. Hughes told us it taught him that a...
Tags: Facebook, Mark Zuckerberg, New York, Obama, Barack Obama, Trends, Harvard, United States, Washington Dc, The New Republic, Chris Hughes, New Republic, Hughes, Economic Security Project


Facebook cofounder Chris Hughes made $500 million practically overnight — and his sudden wealth changed the way he saw success forever

Facebook cofounder Chris Hughes made $500 million in 2012 when Facebook went public. His career and sudden wealth taught him that "success" is more than wealth and notoriety. He now sees success as the freedom to pursue what makes him feel fulfilled. Chris Hughes, 34, has been spending a lot of time lately thinking about his life's trajectory. And it's led him to reconsider what it means to be successful. Hughes had the good fortune of being Mark Zuckerberg's roommate at Harvard, and he help...
Tags: Facebook, Mark Zuckerberg, Obama, California, US, Trends, Harvard, Richard Sherman, Chris Hughes, Zuckerberg, New Republic, Hughes, Stockton California, Barack Obama He, Mark He, Economic Security Project


Facebook cofounder Chris Hughes wants to give low-income Americans $500 a month, no strings attached — and he's convinced it will boost the economy

Chris Hughes is the cofounder of Facebook and the cofounder of the Economic Security Project. He is advocating for a guaranteed monthly income of $500 for working Americans who are part of households making less than $50,000 a year. The initiative is aimed at growing the economy by bringing money to impoverished communities and encouraging work, even when jobs are low-paying. This post is part of Business Insider's ongoing series on   Better Capitalism. Chris Hughes helped his Harvard roomma...
Tags: Facebook, Mark Zuckerberg, Trends, Harvard, Chris Hughes, Zuckerberg, Roosevelt Institute, Hughes, Stockton California, UBI, Economic Security Project


Profile: The Redemption of Chris Hughes

The Facebook co-founder’s rise was meteoric. He argues that the same forces that helped him succeed have made it harder for others. In a new book, “Fair Shot,” he proposes a bold solution.
Tags: Facebook, News, Income Inequality, Philanthropy, Chris Hughes, Guaranteed Basic Income, Hughes, Facebook Inc, Economic Security Project, Chris (1983-


Facebook co-founder Chris Hughes wants the richest 1% of Americans to fund a basic income for 90 million people

Facebook co-founder Chris Hughes wants to provide 90 million Americans with a monthly stipend of $500. In a Reddit AMA, he explained that he would want to pay for this by raising taxes on the one percent. He estimates that the program would cost just under $300 billion.    Chris Hughes, a co-founder of Facebook and chair of the Economic Security Project, has a proposal to attack the problem of rising income inequality through a basic income,  a system of wealth distribution in which people r...
Tags: Facebook, Mark Zuckerberg, Trends, Reddit, Chris Hughes, Hughes, Reddit AMA, Facebook co, Economic Security Project


Thousands of people in Kenya are getting basic income for 12 years in an experiment that could redefine social welfare around the world

Across dozens of Kenyan villages, thousands of people are enrolled in an experiment that gives them nearly double their normal income for up to 12 years. The experiment is testing "universal basic income," an idea for reducing poverty that establishes an income floor. GiveDirectly, the charity running the experiment, will analyze spending data to learn how basic income affects factors like quality of life and gender equality. Basic income advocates think the study could transform how governmen...
Tags: Elon Musk, US, America, Trends, Netherlands, Kenya, World Bank, Evans, Sam Altman, Civil rights movement, King, Martin Luther King Jr, Stanford University, Don, Nairobi, Oakland California


Thousands of people in Kenya are getting free money for 12 years in an experiment that could redefine social welfare around the world

Across dozens of Kenyan villages, thousands of people are enrolled in an experiment that gives them nearly double their normal income for up to 12 years. The experiment is testing "universal basic income," an idea for reducing poverty that establishes an income floor. GiveDirectly, the charity running the experiment, will analyze spending data to learn how basic income affects factors like quality of life and gender equality. Basic income advocates think the study could transform how governmen...
Tags: Elon Musk, US, America, Trends, Netherlands, Kenya, World Bank, Evans, Sam Altman, Civil rights movement, King, Martin Luther King Jr, Stanford University, Nairobi, Oakland California, David Evans


Mark Zuckerberg doubles down on universal basic income after a trip to Alaska (FB)

During his commencement speech at Harvard, Facebook CEO Mark Zuckerberg called for exploring a system of wealth distribution known as "universal basic income." Under basic income, all citizens would  receive a standard amount of money each month to cover basic expenses like food, rent, and clothes. Advocates say the system is one of the surest ways to lift people from poverty, since it would provide immediate assistance with no strings attached. On July 4, Zuckerberg doubled down on his initia...
Tags: Facebook, Mark Zuckerberg, Elon Musk, US, Trends, Harvard, Alaska, Dubai, Sam Altman, Zuckerberg, Priscilla Chan, Facebook He, Pierre Omidyar, Native Corporation, Tesla CEO Elon Musk Y Combinator, Harvard Facebook


The largest cash transfer program in the US just got a huge vote of confidence

Alaskans like their free cash. According to a new survey from the Economic Security Project, 81% of residents say that a state-run cash transfer program improves their quality of life. The program is known as the Permanent Fund Dividend. Every year since 1982, law-abiding Alaskans have received a yearly check — typically ranging from $1,000 to $2,000 — as a kickback from the pot of money that has been set aside in case oil reserves dry up. As of 2015, the fund's value was nearly $52 billion. ESP...
Tags: Elon Musk, US, Trends, United States, Alaska, Kenya, Chris Hughes, Omidyar Network, Mike Kubzansky, Economic Security Project


Here's where Facebook's first 20 employees are now (FB)

Who were the people behind Facebook when it was just a startup? And where are they now? Only two of Facebook's first 20 employees still work at the company — and you can probably guess one of them. Most left during the social network's early days to work at other tech companies or start their own. Several have become successful investors at large VC firms.  Out of Facebook's first 20 employees, only two were women. Many are now absurdly rich, following Facebook's IPO in 2012. Here's where Face...
Tags: Facebook, Mark Zuckerberg, Obama, California, Singapore, Trends, Harvard, Brazil, Cto, Eduardo Saverin, Qwiki, Forbes, New Republic, Hughes, Dustin Moskovitz, Saverin