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"Apsis" is the technical term for this, and can stand for either of two things. The one of interest to us and with respect to the body involved is called "perigee". An astrologer named Richard Nolle is perhaps responsible for the common term that came into prominence.

What term?

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In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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