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Public Ownership

All articles tagged with #public ownership

Labour's Bold Pivot: Burnham Aims Bigger Reforms Within the Manifesto
politics1 day ago

Labour's Bold Pivot: Burnham Aims Bigger Reforms Within the Manifesto

Powell says Andy Burnham will be bolder as Labour leader while sticking to the 2024 manifesto, focusing on cost of living and the economy. As PM, he plans a reset that includes scrapping the Digital ID, expanding public ownership of water and energy (including Thames Water), and a council house-building programme, while taking a pragmatic line on North Sea oil and gas. His approach centers on redistributing power and challenging vested interests, though some opponents call for a general election.

via BBC|
#burnham#labour#manifesto
OpenAI mulls 5% government stake to share AI gains with public
technology18 days ago

OpenAI mulls 5% government stake to share AI gains with public

OpenAI is in early talks to offer a 5% equity stake to the US government as part of a broader idea to distribute AI-driven wealth to the public; other major US AI firms could be invited to do the same. The plan is conceptual and would likely require congressional action, with proponents proposing a sovereign/public wealth fund to channel proceeds to citizens. The talks come as AI companies eye IPOs and seek political alignment, and are separate from current regulatory steps with the Trump administration and national-security concerns.

via The Guardian|
#ai-policy#openai#public-ownership
Burnham unveils devolution-first blueprint for a potential premiership
politics21 days ago

Burnham unveils devolution-first blueprint for a potential premiership

Andy Burnham outlined a broad, devolution-focused program—including a proposed 'No10 North' to accelerate empowering regions and public control of energy, water and transport—as he closes in on a Labour leadership bid; cabinet choices (with Ed Miliband as a possible chancellor) are being debated, while critics argue the plan centers on devolution rather than core reforms and faces scrutiny without a mandate.

via BBC|
#andy-burnham#devolution#labour-party
Burnham's Policy Sketch: Public Ownership, Care Levy and a Northern HS2 Revival
politics29 days ago

Burnham's Policy Sketch: Public Ownership, Care Levy and a Northern HS2 Revival

After winning Makerfield, Burnham set out a policy blueprint within fiscal rules: push public ownership of key utilities (water/energy/rail where feasible), fund social care reform with a national care levy, launch a large council-house building programme funded by redirecting the affordable-housing budget, and revive the northern HS2 with funding ideas like windfall sharing or land-value capture. He also proposes targeted business-rate relief and other measures (education reforms, NI reconsideration, defence spending reform). Costs and funding details remain uncertain and depend on which models are pursued.

via BBC|
#andy-burnham#hs2#labour-party
Sanders floats public AI stake to fund $1,000 yearly payout
politics1 month ago

Sanders floats public AI stake to fund $1,000 yearly payout

Sen. Bernie Sanders proposed a bill to create a sovereign wealth fund funded by a one-time 50% stock tax on major AI firms, overseen by a seven-person independent commission. The fund would pay a 5% dividend that could fund a $1,000 annual payout to every American, potentially including OpenAI/Anthropic and other large AI players if they meet size thresholds. The plan faces long odds in Congress, though Trump has floated a similar idea and public concern over AI governance is rising.

via Yahoo Finance|
#ai#bernie-sanders#politics
Sanders Unveils Plan for Public Ownership of AI Firms via a $7T Sovereign Fund
politics1 month ago

Sanders Unveils Plan for Public Ownership of AI Firms via a $7T Sovereign Fund

Sanders proposes transferring ownership of major AI companies to the American public through a sovereign wealth fund funded by a one-time 50% stock tax on large AI firms; the fund, worth about $7 trillion, would pay roughly 5% annually in dividends (over $1,000 per person) and be overseen by a seven-member independent commission that can influence corporate decisions and direct proceeds to public goods.

via WKMG|
#artificial-intelligence#bernie-sanders#politics
Sanders pitches 50% public stake in major AI firms via sovereign wealth fund
politics1 month ago

Sanders pitches 50% public stake in major AI firms via sovereign wealth fund

Sen. Bernie Sanders unveiled the American AI Sovereign Wealth Fund Act to transfer 50% of equity from top AI companies to a federally managed fund that would hold voting shares and pay cash to Americans, with proceeds potentially funding healthcare, education and housing; supporters point to Norway's fund as a model, while critics question profitability, scope, and environmental costs.

via Mashable|
#ai-sovereign-wealth-fund#anthropic#bernie-sanders
economy11 months ago

Electricity Costs Surge Ahead of Inflation

The article discusses the rapid rise in electricity prices, the complexities of utility ownership models, and the debate over public versus private management of infrastructure, highlighting that public utilities often perform well and can be more cost-effective, while private companies operate under monopolistic conditions with profits sometimes passing directly to consumers through infrastructure investments. It emphasizes the need for innovative ownership and operational models to improve infrastructure efficiency and affordability.

via Hacker News|
#economy#electricity-prices#energy-policy