THE PEOPLE OF STOCKTON, CALIFORNIA MIGHT WANT TO RETHINK THEIR CHOICE FOR MAYOR… Stockton Mayor Michael Tubbs says that for way too long, his city has been known for headlines about bankruptcy, violent crime and the housing collapse. In the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Compared to Chicago, which is traipsing that way. Wolf here: This is what happens to the economy of a city when some debts are lifted off its back. It can breathe again. But affected municipal bondholders, …
Tubbs is coordinating an effort to test a new way to sustain residents: universal basic income, or UBI. For one year, several dozen Stockton families will get $500 a month, no strings attached. Dorian Warren co-chairs the Economic Security Project, …