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A Bold Experiment is "Finnished"

A Bold Experiment is "Finnished"

Half of all jobs created in Europe between 2010 and 2016 came from temporary work contracts. If the so-called gig economy is here to stay, citizens will need a new kind of social safety net.


Problem: Some without jobs won’t accept part-time work because they must surrender state benefits to accept small salaries without pensions or health insurance. Instead, they have a clear incentive to remain unemployed.

A Solution?: What if the state provided this person with a small guaranteed income, a check that keeps coming even if he/she takes a job? This person can then afford to take part-time work, contribute to society, generate growth, pay taxes, and provide more for themselves and their families. In theory, government spending is offset by cuts to staff who are no longer needed to track benefits eligibility under the more complicated current welfare system.

The bad news: In January 2017, Finland launched a two-year experiment that sends monthly tax-free payments of €560 (about $685) to 2,000 unemployed citizens chosen at random. Full results won’t be announced until late next year, but the Finnish government has already decided not to extend the program beyond 2018. A study published earlier this year by the Organization for Economic Cooperation and Development found that Finland would have to raise income taxes by 30 percent to fund this program permanently and that the plan would increase wealth inequality.

The bottom line: That’s bad news for this project, but the gig economy-social safety net problem remains, and other governments can learn from this failure to develop better ideas.

Carbon has a bad rep, but did you know it's a building block of life? As atoms evolved, carbon trapped in CO2 was freed, giving way to the creation of complex molecules that use photosynthesis to convert carbon to food. Soon after, plants, herbivores, and carnivores began populating the earth and the cycle of life began.

Learn more about how carbon created life on Earth in the second episode of Eni's Story of CO2 series.

The long-simmering conflict between Armenia and Azerbaijan over a region called Nagorno-Karabakh erupted over the weekend, with more than 50 killed (so far) in the fiercest fighting in years. Will it escalate into an all-out war that threatens regional stability and drags in major outside players?

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On Tuesday night, you can finally watch Trump and Biden tangle on the debate stage. But you TOO can go head to head on debate night .. with your fellow US politics junkies.

Print out GZERO's handy debate BINGO cards and get ready to rumble. There are four different cards so that each player may have a unique board. Every time one of the candidates says one of these words or terms, X it on your card. First player to get five across wins. And if you really want to jazz it up, you can mark each of your words by taking a swig of your drink, or doing five burpees, or donating to your favorite charity or political candidate. Whatever gets you tipsy, in shape, or motivated, get the bingo cards here. It's fight night!

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Watch Ian Bremmer's Quick Take:

A new war breaking out between Armenia and Azerbaijan, not a new conflict. They've been fighting over contested territory that used to be a part of the Azeri Soviet Socialist Republic. Nagorno-Karabakh was an autonomous region. It was taken by the Armenians. It's a mostly Armenian enclave in terms of population. It's been contested since that military fight. There's been ongoing negotiations. The Azeris a number of months ago tried some shelling. They got pasted. This time around, it's war and for a few reasons.

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Join us tomorrow, September 29th, at 11 am ET for a GZERO Town Hall livestream event, Ending the COVID-19 Pandemic, to learn about the latest in the global hunt for a COVID-19 vaccine.

Watch here at 11am ET: https://www.gzeromedia.com/events/town-hall-ending-the-covid-19-pandemic-livestream/

Our panel will discuss where things really stand on vaccine development, the political and economic challenges of distribution, and what societies need to be focused on until vaccine arrives in large scale. This event is the second in a series presented by GZERO Media in partnership with the Bill & Melinda Gates Foundation and Eurasia Group.

Apoorva Mandavilli, science & global health reporter for the New York Times, will moderate a conversation with:

  • Lynda Stuart, Deputy Director, Vaccines & Human Immunobiology, Bill & Melinda Gates Foundation
  • Rohitesh Dhawan, Managing Director, Energy, Climate & Resources, Eurasia Group
  • Mark Suzman, CEO, Bill & Melinda Gates Foundation
  • Gayle E. Smith, President & CEO, ONE Campaign and former Administrator of the U.S. Agency for International Development

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