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Universal Basic Income and How It Benefits Society
Basic income is a proposed alternative to social welfare which gives every citizen of a society a guaranteed, regular income. This amount is enough to cover the basic necessities in life and is given to all citizens, regardless of their current financial status. There is no means testing and consequently no stigma attached to it. People who work will keep every cent of their basic income. People could also choose not to work and rely entirely on their basic income. The current system, at least in Australia, requires the individual to meet certain criteria. You must have under a certain amount of liquid assets, that is, if you have millions of dollars in the bank, you are not eligible. Your income is also restricted. That is, if you earn too much, your welfare is slowly cut. People with disabilities that prevent them from working are also eligible. Elderly people who do not own too much are eligible for the aged-pension. The major problem with our current system is that there is little incentive to work. If I am receiving $400 a week from welfare and then I go out and get a job, for every dollar I earn over a certain amount, my welfare is cut by a certain percentage. It’s enough to cause many people to not bother getting a job. Just say I go out and get a part-time job which pays $250 a week for 15 hours work, but my welfare is reduced from $400 to $250, then my total earnings are only $500. So, in effect, I’m working an extra 15 hours a week for only an extra $100. Maybe in America, that’s a decent hourly rate, but here it’s a bit pitiful.
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#basicincome #universalbasicincome #universalbasicincomescheme #universalbasicscheme
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ALIBA
alibaba-billionaire-jack-ma-gives-silly
Jack Ma is a Chinese Billionaire with an estimated net worth of over $50 billion. He’s the co-founder and executive chair of the e-commerce giant, Alibaba Group. In 2017, he came second in the annual "World's 50 Greatest Leaders" list by Fortune Magazine. He’s planning to resign in the next year or so and pursue his passions in education and philanthropy. He’s also a member of the Communist Party of China. However, he also likes giving advice — public advice. I think he sees himself as some kind of guru. In April 2019, he endorsed the 996 Work-Hour System. Basically, 996 stands for 9am to 9pm, six days a week. He faced a lot of online criticism for making that speech, and consequently, backtracked a little bit in a lengthy Weibo post. The Chinese Communist Party’s mouthpiece, the People's Daily newspaper, spoke negatively of Jack Ma’s comments. Just a few days ago on the so-called “Ali Day”, 10 May 2019, Mr Ma presided over a mass wedding ceremony for 102 pairs of newlyweds. He gave another piece of sage advice to the new couples, “At work, we emphasise the spirit of 996. In life, we should follow 669. What is 669? Six times in six days, the emphasis is on the nine”. What does he mean by that? He means that couples should “spend time” together at least six times a week. By “spending time”, he doesn’t mean going out for a picnic — He means spending time together in the bedroom. Six times in the bedroom, six days a week. The Chinese character for 9, 九, sounds just like another character, 久, which means “long lasting”, or “long time”. So I guess by 669 he means he wants couples to have six long-lasting bedroom sessions, six times a week. On top of working 996, Chinese couples must be exhausted! Mr Ma, you might be smart in business, but your advice for young people is just downright silly.
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Jack Ma 2015
by UNclimatechange from Bonn, Germany [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]
#dailyrantaustralia #jackma #996 #669 #alibaba
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https://www.youtube.com/watch?v=_MwgNoNHxgA
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HOW T
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Parenting can be hard. I know, I’m a fairly new parent myself. However, there are some guidelines we can follow that make the job easier. I’ve comprised a list of five of the most important:
1. Don’t be harsh. Don’t hurt your child. Be kind. Be loving.
2. Spend time with your child. Be there for them. Savour their childhood.
3. Be a parent. Teach your child. Guide them. Support them. Discipline them when required (but don’t be harsh).
4. Respect your child. Encourage their independence.
5. Forgive your child. Forgive yourself. Learn to say sorry.
The role of a parent is to raise your kids to be caring, successful, responsible, and accountable adults. You can only do your best, so make sure to not forget Guideline 5 – forgive your child and forgive yourself!
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OBESI
obesity-had-become-a-huge-problem-around
Obesity has become a huge problem in the developed world. The five fattest developed countries are now: 5. Australia, 4. New Zealand, 3. Czech Republic, 2. the good ol’ United States of America, and coming in at number 1. Mexico. In Australia, obesity has overtaken smoking as the leading cause of premature death and illness. I think most of us know that we put on weight when we eat too much, and don’t exercise enough. So the first reason that pops into my head is that our modern world encourages us to sit indoors all day. With all the new electronic gadgets such as computers, gaming consoles, mobile phones, TVs, etc., there are more reasons than ever to stay inside.
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TWO T
two-things-i-need-to-learn
I’ve had troubles of late controlling my emotions. But one thing I’ve learnt, is that it’s not good to be angry. Anger leads to resentment. People don’t respond well to people when they are angry, but yet, I resort to this harmful emotion. I know I’ve got to fix this, so in this video, I talk about two quotes that I heard recently that really stayed with me. One from the United Stated Founding Father, Thomas Jefferson, and one from the author of the 1930s book How to Win Friends & Influence People, Dale Carnegie. Life is basically a series of lessons. The question is whether we learn from them or not.
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HIGH
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An increasing number of owners are reselling their properties at a loss in Australia. Looking at data provided by the most recent “Pain and Gain” report by property analysts CoreLogic, we can see that in the first three months of 2019, 9.5% of houses sold at a loss, while a staggering 20.5% of units sold at a loss. The worst performing markets, by far, were Darwin and Perth. 45.5% of Darwin property owners sold at a loss in the March 2019 quarter, while 32.8% of properties in Perth were loss-making. The data showed that investors were more likely to resell their properties at a loss compared to owner-occupiers. In the first quarter of this year, 10.5% of properties owned by owner-occupiers sold at a loss, compared to 16.7% for investment properties. It certainly looks like investors are willing to ditch properties that they see as loss-making. Depending on where you live, it may just be the time to scoop up a good deal. But certainly, I’m too risk-averse to start investing in property. It’s too bumpy, and there are too many unknowns. What are your thoughts? Is it time to invest, or time to divest?
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WHO A
who-are-these-people-deepfakes
Those people that you just saw… I don’t need permission from them to publish their portraits. Why? Because, none of them are real. They were all created by AI using a Generative Adversarial** Network (GAN) — a type of machine learning technique that creates a feedback loop of increasingly higher-quality output.
These faces were created on the website thispersondoesnotexist.com. The AI can create people of varying ages, ethnicities, gender, facial expressions, earrings, glasses, etc.
DataGrid, a Japanese startup company based out of Kyoto University, have developed an AI system that is capable of smoothly and automatically creating high-quality and high-resolution (1024 x 1024) photorealistic models of entire people. These are some of their creations.
Obviously, there are some real benefits of creating these sorts of pictures — at least, from an economic standpoint. Websites and catalogues will no longer need to seek people’s permission to use their portraits in advertising material, or pay costly models — another job lost in the ongoing AI revolution.
But also, there is a potentially nefarious outcome. It won’t be long until exact replicas of people can be inserted into any situation in a photo, or even into CCTV footage.
Imagine if a robbery took place and the only suspect is you. There is video and photographic evidence of you committing the crime. But you didn’t do it. It turns out that one of your managers who actually committed the crime created fake CCTV images of you on his laptop.
How will police and courts deal with this new wave of fake images and videos? Could this technology be used by bad actors to incriminate completely innocent people? How will we police it?
What are your thoughts? Is AI going too far? Should we implement rules to stow its inevitable spread. How will forensic science keep up with photos and videos that are 100% realistic? Are we living in scary times?
** I mispronounced Adversarial in the video. The correct pronunciation is ad-ver-sair-ee-uhl.
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Falling Rain
by Myuu (https://www.youtube.com/channel/UCiSKnkKCKAQVxMUWpZQobuQ)
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LEAKE
leaked-disney-executive-footage-–
This leaked footage from a Zoom meeting held by some Disney executives shows us their plan for the future. Certainly, we need more diversity in Disney cartoons!
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Impact Prelude by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
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HOUSE
house-prices-slightly-up-in-some
Recent data shows that house prices rose slightly last month, June 2019 in some Australian capital cities. Sydney prices rose 0.1%; Melbourne 0.2%; and Hobart 0.2%. The rest of Australia saw falls, though. Leading the pack, both Darwin and Canberra saw falls of 0.9%; Perth 0.7%; Brisbane 0.6%; and Adelaide 0.5%. Overall, Regional Australia didn’t fare too well, with average falls of 0.4%. This equates to a national house price fall in June of 0.2%.
The Conversation, an Australian not-for-profit media outlet, assembled a forecasting panel of 20 leading economists from 12 universities across six states (something they also did back in January this year). Together, they came up with predictions of Australia’s economic future for the financial year 2019-20.
Regarding home prices, their average prediction shows that Sydney and Melbourne home prices will fall by 2.9 and 2.6% respectively. Housing investment will fall an average of 4.9%.
The Reserve Bank cash rate is expected to fall to an average of 1.00% by December 2019, and slightly lower at an average of 0.9% by June 2020. 10 year government bonds are expected to be at about 1.5% in June 2020.
The risk of recession, that is, the probability of a conventionally-defined recession of two consecutive quarters of negative real GDP growth by June 2021, is 29% on average, with economist Steve Keen suggesting that there’s a 95% chance of recession by that time.
The Unemployment rate is set to rise slightly to 5.3% by June 2020 (It’s currently 5.2%). Nominal GDP growth is expected to be at 3.1%, and growth in disposable income is expected to be about 1%.
Wages are only expected to grow fairly slowly at 2.2%, well below the Budget forecast of 2.75%. If this prediction is right, it will be the seventh consecutive year in which wage growth has fallen short of the Budget forecast. The Consumer Price Index is expected to be at 1.5%, while underlying inflation is set to be at 1.4%.
When it comes to markets, the panel predict that iron ore will be at around US$95 per tonne, 68.5 US cents per Australian Dollar, and that the S&P/ASX200 will climb by about 2.5%.
Overall, economic growth is predicted to be at around 2.1% for the financial year 2019-20, with China set to have growth of about 6.1%, and the United States 2.6%.
So that’s the state of the Australian economy. It’s a fairly grim outlook showing that the economy is weak and heading downward. The risk of recession is on everyone’s minds, although, it’s not a certainty as yet. House prices are a bit up in the air, depending on who you ask, but certainly, I’ve got no intentions of investing in property anytime soon. Anyway, thanks for watching, and I hope we have better news some time in the near future.
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WHY A
why-are-victorians-still-being-forced-to
“'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.” ~ Friedrich August von Hayek. This terrible flower that is found on traditional Japanese clothing, the so-called Kimono Iris, has pretty much been eliminated from the state of Victoria. “Kimono Iris: Victoria reaches 38 days without a new Iris case”. Okay, so the first question that comes to mind is: If there are no cases of Kimono Iris, why then are masks still mandatory? Some of you will be shouting, but they aren’t mandatory! Just check the rules! The media tell us that masks aren’t mandatory except for shopping and public transport. Ah, EXCEPT! That old chestnut. Of course, I wanted to check the actual rules firsthand, not just listen to what the media are reporting. Going to the Victoria State Government’s Kimono Iris website, we’re met with some KIMONOSafe Summer rhetoric. Looking at the details, it states: “KIMONOSafe Summer – restrictions apply from 11:59pm Sunday 6 December 2020. You MUST carry a face mask with you when you leave home. Wearing a face mask is ONLY mandatory on public transport, while in taxis or ride share vehicles, or when going to large retail venues, including shopping centres, supermarkets and department stores”. I know what many of you are saying, despite there being no active cases of Kimono Iris in Victoria, the mask-wearing laws are there to protect you from a sudden outbreak. But if you really believe that, if you really believe that you should wear a mask because of the risk of a sudden outbreak of some disease, then you should forever wear a mask. As long as there are human beings, there will always be a risk of some kind of sudden outbreak. That’s the risk of living on this planet. But forcing people to carry or wear a mask when there are zero active cases in your entire state, is just bordering on ridiculous if you ask me. Look, I’m not saying that you shouldn’t be allowed to wear a mask, of course you should — if you choose to. But dictating that all people must carry or wear a mask when there are zero cases of community transmission is no longer about public health. It’s about maintaining power and control.
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