Subject: The country that should give universal basic income a try
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 25 May 2017 05:02:05 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisUniversal Basic Income Could Work ... in ItalyFour out of five poor Italians would be better off if the country ditched its complicated system of transfers and just gave everyone 158 euros ($176) a month, according to the OECD. What’s more, a universal basic income program would cost less than the current system. Leonid Bershidsky cheers a promising lead for a big idea.The Boosterism Behind China’s New ‘Silk Road’China’s “project of the century” is more than just an ambitious infrastructure drive or a geopolitical gambit, Virginia Postrel says: It’s also an exercise in cultural myth-making, touting the country's “enlightened, progressive heritage” to both domestic and international audiences.So Much for IBM’s Bright Idea on Remote WorkOnce a work-from-home innovator, IBM is reversing course and forcing its employees back to the office. It could be precisely the wrong move for a talent-hungry company. Conor Sen explains why the computing giant will come to regret its decision, just like Apple will regret its massive new headquarters.American Prosperity Depends on a Nonwhite FutureThe U.S. needs immigrants to keep Social Security, pension funds and small cities afloat; without new Americans — largely from Asia and Latin America — demographics will doom the economy. The good news is that current Americans are more comfortable with diversity than their political leadership might suggest. Noah Smith examines the evidence.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s Reads“Buy the dip” is becoming a Pavlovian reflex (Moneybeat)Driverless cars inspire a new gold rush in California (Financial Times)This story about Roger Moore meeting a fan is what you need right now to lift your spirits (B3ta)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyThe Fed’s glacial yield-flattening planAsia’s small-fry startups get squeezed outTrump is quiet about drug prices, but his FDA isn’t(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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