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Quebec to help citizens in poverty with basic income aid

Citizens of Quebec below the poverty line will be happy to hear the recent news from Premier Philippe Couillard. Starting in 2018, Quebecers who make less than $18,000 annually will receive government help as part of a $3 billion action plan to fight poverty and promote “economic inclusion,” according to CBC News.

Premier Philippe Couillard

This plan has many moving pieces, and it has received plentiful criticisms from anti-poverty groups, noting how the plan only focuses on a single sector of citizens below the poverty line in Canada.

Serge Petitclerc, spokesperson for the Collectif pour un Québec sans pauvreté, notes how “limiting [the plan] to a single category of people in Quebec, [is] missing the point. Because one of the primary characteristics of guaranteed minimum income is that it should be unconditional and it should apply to the entire population.”

Although statistics and metrics can hardly quantify the true experience of being below the poverty line, corrective actions must occur in segments if we want gradual change. What constitutes as fair in situations like these is heartbreaking, as someone’s experience dealing with poverty should never be seen as conditional when considering who receives aid.

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Bitcoin software company NiceHash reportedly lost $70 million in cryptocurrency

According to the Wall Street Journal and NiceHash, the growing bitcoin mining company lost about 4700 bitcoin, or $70 million in value.

NiceHash has gone full customer service mode to appease their frustrated miners, as they have a huge pickle of a situation. These users who lost their bitcoin will demand their value back one way or another, so it’s only a matter of time for us to see how this alleged hacking will be alleviated.

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How blockchain completely changes the game in the music industry

Blockchain is anticipated to change the way people take care of transactions between one another, and musical artists will love the innovation on the horizon. Online piracy will be thing a of the past, as the blockchain’s secure smart contract system facilitates a streamlined way of having audiences connect directly with their favorite talents.

Check out the video below to gain more insight about blockchain in other industries!

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20% of Hong Kong residents live in poverty despite economic growth

According to The Guardian and the Hong Kong Poverty Situation 2016 Report, “Hong Kong is a deeply unequal society. It is the world’s most unaffordable housing market and poorer residents live in squalid conditions, with some living in ‘coffin homes’ – rows of wooden boxes crammed into tiny flats.”

Clearly, this standard of living is Hong Kong needs to drastically improve if the autonomous territory wants to improve the well being of their society overall.

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How blockchain technology will disrupt the healthcare industry

Blockchain technology has the capabilities to completely change governing systems humans have become conditioned to operate under. Instead of the government in control of currencies, transactions for goods and services, and trade, people can have access to this power themselves on a decentralized network of transactions.

One industry likely to be disrupted by blockchain is the healthcare industry. Take a look at the video below to see how blockchain will revolutionize healthcare, among many different industries!

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World’s richest people are in control of 1% of global wealth

As the gap continues to widen between the rich and the poor, our world strays further away from an ideal, equal society.

There are a plethora of factors that contribute to economic disparity around the globe, but would it kill the most wealthy to empathize with others less fortunate than them?

If only the 1% considered Goal 10 of the 17 SDGs.