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Cash For All In Developing World? Algeria Ponders Universal Basic Income
Lucie Jung

It's the big idea of the moment among certain economists and activists in the West: Universal basic income (UBI), a policy of allocating a fixed amount of money to every citizen, is seen by some as a way to confront rising unemployment — particularly in the face of automation — in developed countries.

But while UBI has been tested (with mixed results) in local experiments and national referendums in Europe, some are now considering whether it could also be a recipe in the developing world. Last week, the think tank NABNI (French acronym for "Our Algeria Built on New Ideas') laid out the case for a fixed monthly income in the North African country. The Algerian daily El Watan reports that the proposed monthly income would come to 60 euros, which is about one-third of the current minimum wage in Algeria.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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