‘Non-recourse’ loans

Following comments on modern banking, I’ve discovered an idea with which I was previously unfamiliar ‘Non-recourse loans’. A minority of US states have non-recourse loans, including California and Washington State, so nobody can suggest they are incompatible with Common Law systems or are unworkable or punitive for lenders. A non-recourse loan is where, if you… Read more

Châtauroux Free Buses

A short and explicit addition to the transports of delight seems appropriate. In the Val de Loire region of France where bus travel is free for all in Châtauroux – this is the transport usage graph which proves that travel will increase but it seems unlikely (confirmed in the French Vox Pop) that that this will… Read more

Universal Basic Services – the soup kitchen and others

After free information and free transport, which I considered here the remaining two recommendations of the recent report on Universal Basic Services are free Food and Shelter. At a time of record low interest rates the report’s proposal to issue bonds to finance lots more social housing is uncontroversial. Thereafter there are some very big… Read more

Rail Delivery Commitments

An organisation called the Rail Delivery Group suggested today (according to the Today Programme ) that there has never been more rail investment – with £50billion over the next 18 months. They have taken on four commitments: “Strengthening rail’s contribution to the economy” (- whatever that means?) “Improving customer satisfaction” “Boosting local communities” (- whatever… Read more

Universal Basic Services – Transports of delight?

Information and transport were two of the four flagship services proposed by the recent University College London UBS report. Having reread the report I looked at here the concept of free information through a phone or internet connection should be pretty striaghtforward to implement. Indeed when the government is providing an assured income for providers… Read more

Who’s for Universal Basic Services?

It is encouraging to see innovative proposals for change and the recent report on the Universal Basic Services made for interesting reading. Universal Basic Services are seen as a more economical alternative to the more expensive Universal Basic Income. Firstly I like the originality of the idea – although the first Universal Basic Service was… Read more