![]() These protests are part of a wider trend in the UK and the US, where far-right and extremist groups are aligning themselves with other groups to protest against a range of issues. Protesters accused parents attending the events of supporting paedophilia and threatened to perform “citizen’s arrests” on the drag queens. More than 50 family drag events were targeted by protesters between June 2021 and May 2022, with 10 shows being cancelled or postponed. The bloc has opened an office in San Francisco and Twitter is voluntarily participating in the stress test, but enforcement of the DSA does not begin until later this year so Twitter will not yet face fines if it fails.ĭrag shows in the UK are facing increasing threats and protests from far-right and extremist groups, according to an article by Tim Squirrell in The Guardian. However, the EU has a checkered history of enforcement and it’s unclear if it has the resources or speed to oversee some of the world’s most powerful companies. Breton’s visit to the US signals the growing influence of the EU, which is preparing to enforce the DSA and the Digital Markets Act, a pair of laws that could have far-reaching consequences for the future of the internet. The DSA is the world’s most wide-ranging content moderation law and compliance with it is a requirement for access to the EU’s 27 member countries. Finally, the State of Origin rugby match is the subject of several letters, with some expressing frustration at the Maroons' dominance and suggesting that the Blues should swap coaches.Įuropean Commissioner Thierry Breton is set to perform a “stress test” on Twitter to see how well it responds to tweets that European regulators deem problematic, in order to determine whether the company is in compliance with the EU’s Digital Services Act (DSA). Climate change is viewed as a pressing issue, and one letter writer suggests that wealthy individuals should focus on addressing real and present problems rather than pursuing novelty and personal risk. ![]() The PwC scandal is another topic of concern, with letter writers calling for reform of donation rules and criticizing the lack of penalties for breaking confidentiality agreements. ![]() Several letter writers also criticize the government's focus on short-term economic gain rather than addressing issues of inequitable wealth distribution, inadequate infrastructure, and environmental degradation. ![]() Many of the letters express frustration with wealthy suburban communities and their lack of willingness to address housing affordability by allowing high-rise development. This collection of letters to The Sydney Morning Herald covers a range of topics, including housing affordability, the wealthy's role in society, the PwC scandal, climate change, and State of Origin rugby. Inflation could also affect retirement benefits and fuel public discontent. While heavily indebted borrowers may benefit from inflation, bond investors could respond by demanding higher borrowing costs. Higher inflation would have a negative impact on companies, asset classes, and certain financial relationships. The damage to central banks' reputations could also cause lurches in prices and unmoored expectations, contributing to inflation spiraling out of control. ![]() This approach could lead to volatility and instability in financial markets, as investors are unprepared for higher sustained inflation. Alternatively, they could raise rates less than needed and accept higher inflation of 3% or 4%. Central banks face a difficult choice: they can raise interest rates to lower inflation, but this could lead to a recession. Governments across the rich world are running large budget deficits, exacerbating the problem. In Britain, wages and core prices are rising by around 7% year on year, and in the US and euro area, core inflation exceeds 5%. Despite a fall in annual inflation and the absence of a recession, the world economy is still grappling with stubbornly high inflation rates. ![]()
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