News 

Trying to rent an apartment? Find out if applications in your city are more likely to be approved or rejected.

“In D.C., the average income of approved renters is $73,000, while the average income of rejected renters is $62,000” reports washingtonpost.com. RentCafe.com recently studied data on how many apartment applicants are approved as well as the average income associated with an approval or a rejection.Rejection rates are also high in New York City’s notoriously tight rental market, which comes in seventh after the other cities. Source: washingtonpost.com Share This:

Read More
News 

Y Combinator to give people varied amounts of cash in latest basic income trial

“The incubator has already piloted a study of the effects of introducing a basic income” writes Ryan Browne for cnbc.com. Y Combinator’s Basic Income Project will select 3,000 individuals from two U.S. states at random to compare how one group of people who receive a basic income will behave as opposed to another sample who do not.Its President Sam Altman has been one of many top Silicon Valley bosses to get behind the idea of basic income – the idea that all citizens should be paid a regular sum of…

Read More
News 

This Silicon Valley giant will give some $1,000 and others $50 a month to trial basic income

“The incubator has already piloted a study of the effects of introducing a basic income” writes Ryan Browne for cnbc.com. Y Combinator’s Basic Income Project will select 3,000 individuals from two U.S. states at random to compare how one group of people who receive a basic income will behave as opposed to another sample who do not.Its President Sam Altman has been one of many top Silicon Valley bosses to get behind the idea of basic income – the idea that all citizens should be paid a regular sum of…

Read More
News 

How Much Do Tax Cuts Really Matter?

“Despite two big tax cuts, Bush generated, by far, the worst record on both fronts” writes Ronald Brownstein for theatlantic.com. Under both Obama and Clinton, the median income grew faster for Hispanics and African Americans than it did for whites.The annual Census Bureau report on income and poverty released last week closes the book on former President Barack Obama’s economic record.Notwithstanding Clinton’s tax increase and relatively pro-regulatory posture, the economy during his two terms produced by far the best record on both raising incomes and reducing poverty.Reagan generated the second-best…

Read More
News 

Google AI chief: computers aren’t as smart as children

“But Giannandrea said on Tuesday, “I think I was over optimistic,” noting that a four year-old child can do lots of things a computer can’t” writes Hr Ago for axios.com. Key points: Even young children can learn from just one or two strong examples while computers need lots of data for machine learning. Computers are also bad at transferring knowledge to adjacent tasks: if a kid is good at Pong, they will probably be good at breakout — not so for computers. Source: axios.com Share This:

Read More
News 

Ask Brianna: How can I budget when my rent is so high?

“In 2015, almost half of all U.S. renters were cost-burdened, meaning they spent more than 30 percent of their income on housing, according to the Joint Center for Housing Studies of Harvard University” writes The Associated Press for seattletimes.com. But when you enter your information into a budget calculator , rent might take up nearly the entire “necessities” category.In the meantime, try these budgeting strategies so you can pay the rent, then make room to build savings and reduce debt.How can I manage other financial priorities, like paying off debt,…

Read More
News 

Starting a Business Can Increase Older Workers’ Quality of Life

“Researchers studied late-career workers who switched into entrepreneurship, comparing them with workers who stayed in their jobs and workers who switched into new jobs” reports hbr.org. They looked at how happiness and life quality changed for each set of workers, finding that those who switched into entrepreneurship experienced a markedly higher increase in quality of life.Late-career entrepreneurship can be socially sustainable because older workers undertaking such transitions are, on average, better off.However, the increase experienced by late-career workers switching to entrepreneurship is significantly larger, on average, than those experienced by…

Read More
News Stocks 

Chinese micro-lender Qudian files for U.S. initial public offering

“The documents say the micro-lending company will list stock on the New York Stock Exchange via American Depository Shares under the symbol “QD.” The Chinese company offers small loans that average between $134 and $184 and is targeting young, mobile-active customers who desire access to credit for discretionary spending, much of which is tied to electronics purchasing, the filing said” writes Tech Reporter for marketwatch.com. For the first two quarters of 2017 Qudian logged net income of $143 million on revenue of $270 million and last year the company booked…

Read More
News 

Americans’ wages are growing — but inequality keeps increasing

“In those three decades following World War II, income growth was relatively strong and uniform across the income distribution” writes Elise Gould for businessinsider.com. The second benchmark we posit is income growth relative to that of earlier historical epochs.But, it will barely put a dent in the generation of losses suffered as the incomes for the vast majority lagged far behind the economy’s potential.The first is how income growth differs for families at different parts of the income distribution.Unfortunately, the growth in 2016 was also not as broadly shared as…

Read More
News 

Joe Biden is set to oppose universal basic income

“By nearly all measures, the conclusion was clear: Basic income held serious potential as a way to lift people out of poverty” writes Chris Weller for businessinsider.com. The decade between 1969 and 1979 marked a crucial turning point in the basic income movement for two reasons.At a Tuesday event held by the Biden Institute, former Vice President Joe Biden is set to oppose a radical form of wealth distribution known as universal basic income (UBI), Axios reports.Forget’s research was critical because it helped revive the basic income movement after two…

Read More