With Cash Handouts, India Takes Step Toward Universal Basic Income

India unveiled huge handouts for farmers, setting the stage for an election-year spending spree, a possible prelude to implementing a universal basic income in an effort to deal with widespread poverty.

India’s budget for the year starting April 1, which was released Friday, doubled the income at which people have to start paying taxes, while promising payouts to help small farmers. The moves are aimed at shoring up support for Prime Minister Narendra Modi’s party, which hopes to retain control of the world’s largest democracy in elections scheduled to start before May. They could also trigger a bidding war for support at the ballot box.

The planned spending, along with previous handouts, forced the country to miss its fiscal deficit target. It was supposed to hit 3.3% of gross domestic product in the year ending March, but instead will rise to 3.4% of GDP. Next year’s target is also 3.4%, rather than around 3.1%, where it would have been without all the farm aid, said interim Finance Minister Piyush Goyal.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://www.wsj.com/articles/with-cash-handouts-india-takes-step-toward-universal-basic-income-11549020444

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More retailers are banning cash

More and more businesses like the Drybar chain of blow-dry salons don’t want your money — the paper kind at least, The Wall Street Journal’s Katherine Bindley reports.

The big picture: Chain restaurants Sweetgreen and Dig Inn have stopped accepting cash at nearly all of their locations, as have a Starbucks in Seattle and some pubs in the U.K. Massachusetts is currently the only state that requires retailers to take cash, but the inconvenient and sometimes awkward frustrations caused by cash bans have prompted lawmakers in New Jersey, New York City, Philadelphia and D.C. to consider taking up similar legislation.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://www.axios.com/retailers-ban-paper-cash-sweetgreen-dig-inn-starbucks-a94172f1-db08-466c-9647-c4b63f9b9b29.html

Election fraud! – L.A.’s skid row got homeless to sign fake names for cigarettes and cash

A signature swapped for $1 — or sometimes a cigarette.

The crude exchange played out hundreds of times on L.A.’s skid row during the 2016 election cycle and again this year, prosecutors said Tuesday as they announced criminal charges against nine people accused in a fraud scheme.

Using cash and cigarettes as lures, the defendants approached homeless people on skid row and asked them to forge signatures on state ballot measure petitions and voter registration forms, the district attorney’s office said. The defendants — some of whom were scheduled to be arraigned Tuesday — face several criminal charges, including circulating a petition with fake names, voter fraud and registering a fictitious person.

The charges, which were filed three weeks ago but made public Tuesday, followed a Los Angeles Police Department crackdown on suspected election fraud on skid row earlier in the year.

“They paid individuals to sign the names,” Officer Deon Joseph, the senior lead officer on skid row, told The Times in September.“That’s an assault on our democracy.”

State officials said petition signature scams aren’t widespread in California, but Joseph said they do pop up from time to time on skid row. People hired to help qualify initiatives for the ballot are often paid per signature collected, typically $1 to $2, but officials said a recent slew of proposed ballot initiatives had pushed the rate as high as $6 a signature. It is illegal for the collectors, however, to pay people for signatures.

Los Angeles police Capt. Marc Reina said officials used undercover officers and security camera video before arresting Kirkland Kauzava Washington, 38, one of the nine individuals charged by prosecutors. Washington allegedly set up a card table outside the Midnight Mission, where homeless people line up for meals and shelter, Reina said.

Two other people arrested at the same time as Washington were either homeless or living in a single-room-occupancy apartment on skid row, but neither of them were among the nine defendants charged by L.A. County prosecutors.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://www.latimes.com/local/lanow/la-me-ln-skid-row-voter-fraud-20181120-story.html

Elizabeth Warren Uses Alleged Brett Kavanaugh Victim’s Story to Raise Cash

To exploit an allegation of sexual assault for fundraising purposes is politics at its lowest and no one goes lower than Sen. Elizabeth Warren.

Christine Blasey Ford accused Supreme Court nominee Brett Kavanaugh of sexually assaulting her when they were both in high school, and Warren saw dollar signs.

Out went the fundraising email blast: “This is outrageous. Brett Kavanaugh was already disqualified to serve on the Supreme Court. But now we’re learning new information about a sexual assault allegation.”

Read more

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https://www.infowars.com/elizabeth-warren-uses-alleged-brett-kavanaugh-victims-story-to-raise-cash/

Cash or custody: Israel kicks off deportation of African migrants

Israel has started handing out notices to 20,000 male African migrants giving them two months to leave the country or risk being thrown in jail.

Prime Minister Benjamin Netanyahu’s government is offering the migrants, most of whom are from Sudan and Eritrea, $3,500 and a plane ticket to what it says is a safe destination in another country in sub-Saharan Africa.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://ca.news.yahoo.com/cash-custody-israel-kicks-off-deportation-african-migrants-160842589.html

Paradise Papers Shine Light on Where the Elite Hide Their Money


It’s called the Paradise Papers: the latest in a series of leaks made public by the International Consortium of Investigative Journalists shedding light on the trillions of dollars that move through offshore tax havens.

The core of the leak, totaling more than 13.4 million documents, focuses on the Bermudan law firm Appleby, a 119-year old company that caters to blue chip corporations and very wealthy people. Appleby helps clients reduce their tax burden; obscure their ownership of assets like companies, private aircraft, real estate and yachts; and set up huge offshore trusts that in some cases hold billions of dollars.

FOLLOW THE LINK FOR THE FULL REPORT – JR 

https://mobile.nytimes.com/2017/11/05/world/paradise-papers.html?referer=http://www.drudgereport.com/

The Elites Are Privately Warning About A Crash | Zero Hedge

Many everyday citizens assume powerful global financial elites operate behind closed doors in secret conclaves, like the scene of a Spectre board meeting in the recent James Bond film. Actually, the opposite is true. Most of what the power elite does is hidden in plain sight in speeches, seminars, webcasts and technical papers. These are readily available from institutional websites and media channels. It’s true that private meetings occur on the sidelines of Davos, the IMF annual meeting and G-20 summits of the kind just concluded. But the results of even those secret meetings are typically announced or leaked or can be reasonably inferred based on subsequent policy coordination.

FOLLOW THE LINK FOR THE FULL REPORT – JR

http://www.zerohedge.com/news/2017-07-25/elites-are-privately-warning-about-crash