Universal Basic Income: Finland to Pay Some Residents $587 a Month

Jan 3, 2017, 1:33 pm EST

Finland is trying out a universal basic income experiment.

The universal basic income experiment will give 2,000 citizens in Finland $581.48 per month to live on. The members of the experiment range in age from 25 to 58. As part of the experiment, they no longer receive other social benefits from the country.

Finland’s universal basic income experiment will last for two years. The 2,000 people that are taking part in the experiment are unemployed. However, they will continue to receive the monthly payment even if they get a job. There are also possible plans to expand the test in 2018 with more citizens and different payment amounts. Read 

How Does the Electoral College Work?

Dec 19, 2016, 1:14 pm EST

The Electoral College is preparing to vote for the next President of the United States and InvesotrPlace is looking to answer the question of “How does the Electoral college work?”

The Electoral College is a the process which selects the President of the United States. There are 538 electors that cast votes to decide who will become the country’s next President. A candidate needs a minimum of  270 electoral votes to win the election.

Each state in the United States has a certain number of electors. This number is based on the number of members in its Congressional delegation. The state gets an elector for each House of Representatives member and two for its Senators. The District of Columbia also gets 3 electors. Read 

DEA Declares CBD Oil Illegal: 7 Things to Know About the Ban

Dec 16, 2016, 5:35 pm EST

The Drug Enforcement Agency (DEA) has made a ruling on CBD oil. Source: Flickr

The cannabis substance is now illegal under federal law. Here are seven things you should know about the move:

    DEA Acting Administrator Chuck Rosenberg said the new law will pave way for the agency to exercise its power in tracking quantities of CBD oil. The agency said these substances are federally illegal Schedule I substances. “Extracts of marihuana will continue to be treated as Schedule I controlled substances,” the notice says. Some websites are selling the substance on their website, which they may legally be able to do if the THC percentage in hemp is 0.3% or less. The code is 21 CFR Part 1308 and it mentions marijuana extracts. However, the DEA says that this isn’t the case as all extracts that contain CBD also contain other cannabinoids, thus ensuring they are illegal. The agency ensures that they could prosecute even if they find small traces of the substance. CBD oil is often seen as an alternative way of consuming marijuana that doesn’t require smoking.

The opinions contained in this column are solely those of the writer.
 
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Massachusetts Recreational Marijuana Law: 7 Things to Know

Dec 15, 2016, 6:19 pm EST

Massachusetts has passed a recreational marijuana law. Source: MarihuanayMedicina via Flickr

Here are seven things to know about the move:

    As of today, you will no longer receive a $100 bill for smoking in public. Massachusetts is the first state west of Colorado to pass the bill. The other states that have passed cannabis for recreational use include Oregon, Washington, Colorado, California, Nevada and Alaska. Maine could pass it soon as well. The move means that you can now possess, grow and use limited amounts of the plant. Adults can have up to an ounce of marijuana outside the home, or up to 10 ounces in the home. 3.8 million votes were casted and the bill passed by 240,000 votes. It will still be at least one other year until dispensaries open and marijuana is sold in stores. “Possession, cultivation and distribution of marijuana remain illegal under state law,” said Massachusetts Secretary of Public Safety Daniel Bennett.

With Maine on the horizon, what other states do you think will add a marijuana law passing the recreational use of the substance? Read 

FCC Chairman Tom Wheeler to Resign on Trump’s Inauguration Day

Dec 15, 2016, 1:11 pm EST

Tom Wheeler, the Chairman of the Federal Communications Commission (FCC), will be stepping down on inauguration day.

Tom Wheeler’s decision to step down as the Chairman of the FCC means that President-elect Donald Trump will face no difficulties in appointing his replacement. It is likely that Trump will choose a candidate to undo regulations that were introduced during Wheeler’s time in the role.

Tom Wheeler introduced regulations concerning net neutrality that force internet service providers to follow some of the same rules that telephone providers do. The President-elect’s team may choose to dismantle these regulations, or it could just not enforce them. Read 

Tesla Motors Inc’s (TSLA) Elon Musk Joins Donald Trump’s Business Team

Dec 14, 2016, 1:37 pm EST

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has been named as part of Donald Trump’s business advisory team.

The electric car maker’s boss criticized Trump after the hotel magnate was elected, claiming he was not the right man to lead our country from the oval office. As part of his new role, Musk will “meet with the president frequently” and give him his expertise as part of Trump’s Strategic and Policy Forum, Trump officials said.

CEO of Uber Travis Kalanick has also been named as a part of Trump’s business team. The two were invited to a major meeting that will take place Wednesday, involving some of the biggest names in Silicon Valley. Read 

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