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Finland’s basic income experiment is timid

  Finland’s flirtation with an unconditional, universal basic income has entered a decisive stage: Draft legislation for a pilot project has been presented for public discussion, which will run until Sept. 9. It’s clear that what the Nordic nation wants to try is neither overly ambitious nor particularly useful. Paying every citizen of a country the same amount of money ...

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Speed bumps are the hot new thing for exchanges

  Everyone knows the story of IEX by now, but let’s tell it again anyway. Some investors were sad. They were sad because they wanted to buy some stock, and their computers told them that there were 5,000 shares of the stock available on different exchanges at a price of $20 each, but when they sent an order to buy ...

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European stocks rebound on mixed manufacturing data

  London / AFP Europe’s main stock markets rebounded on Thursday following a weak finish to August, as traders digested worldwide manufacturing numbers. Around 1030 GMT, London’s benchmark FTSE 100 index was 0.1 percent higher. In the eurozone, Frankfurt’s DAX 30 rose 0.6 percent and the Paris CAC 40 jumped 1.1 percent compared with Wednesday’s close. “The FTSE is underperforming… ...

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