Isobel Lawrance

June 26, 2023

studying time: 3 protocol

The Massive Image: What They Did not Inform You

The information and up to date media is usually a nice supply of data on international occasions, politics, climate and sports activities. However mainstream information can usually be biased, pushing sure occasions greater than others, focusing closely on sure points and neglecting others.

Right here at MoneyMagpie, we consider it is vital to share the newest information that many mainstream media retailers might not have lined or might have chosen to take action.

Every week we spherical up among the high tales you could have missed.

Slovakia rewrites its structure

Slovakia has rewritten its structure in response to fears of a doable “digital euro”.

Slovakia’s parliament on June 15 handed the proposed regulation enshrining new authorized rights to money funds, described as a “safety measure” to guard the nation’s “financial sovereignty”.

Milo Svrek, co-author of the invoice, advised MEPs that the brand new laws would shield Slovak companies and customers “from any outdoors orders and stated there might solely be the ‘digital euro’ and no different fee choices”.

The transfer by the European Union (EU) member state follows current discussions in Brussels over a doable EU-wide central financial institution digital foreign money (CBDC), much like the ill-fated eNaira in Nigeria or the proposed “Britcoin” at the moment underneath dialogue in the UK turns into.

As our founder Jasmine has beforehand reported, CBDCs are seen with suspicion by many civil rights activists, economists and specialists, not least due to the potential for abuse by future authoritarian governments.

In contrast to money or debit card funds, CBDCs are “programmable,” that means a authorities or central financial institution can management what the “digital euro,” eNaira, or Britcoin is spent on. In idea, central banks might additionally set expiry dates for CBDCs to entice customers to spend throughout a recession.

Opposite to some studies, the amendments to the Slovak structure won’t give customers the fitting to pay with money in retailers.

Confusingly, the invoice goals to each shield customers’ proper to make use of money as a way of fee and enshrine shopkeepers’ authorized proper to refuse money funds to guard enterprise house owners from “theft and publicity to germs,” ​​amongst different issues safety.

Efficiently challenged Low Site visitors Neighborhood

Activists in Warrington rejoice the removing of automobile limitations arrange underneath a controversial Low Site visitors Neighborhood (LTN) scheme.

The removing of bollards within the Westy space of ​​Warrington final week marks the second profitable problem from an LTN undertaking within the city of Cheshire which closed a number of key roads in June 2022.

Like comparable measures elsewhere within the UK, the restrictions in Westy are stated to have triggered extra congestion within the space, with indignant residents complaining about longer journeys and delays.

Warrington is considered one of a number of councilors who’ve been making an attempt out “low-traffic neighborhoods,” “low-emission zones,” or different anti-car measures lately.

The restrictions are generally marketed underneath the euphemism “15-minute cities,” an acronym for zoning city areas to limit motion.

Beneath plans being rolled out in Oxford, Tub and Canterbury, residents might face fines in the event that they often go away their designated zone.

Different car-reduction applications are being rolled out in London, Bristol, Birmingham, Leeds and Glasgow, amongst others.

On July 4, London Mayor Sadiq Khan faces a showdown within the Supreme Courtroom over his plans to develop the capital’s Extremely Low-Emission Zone (Ulez), with 5 Conservative-led councils making an attempt to dam growth in August.

In the meantime, a senior BBC information producer final week accused the state broadcaster of “coordinating” with Khan to quash criticism of his plan. The whistleblower advised Reform UK 2024 mayoral candidate Howard Cox that Khan had been pressuring BBC bosses to curb protection of the problem. The BBC has beforehand been criticized for its inaccurate protection of the Ulez extension, citing incorrect statistics on the variety of automobiles anticipated to infringe the £12.50 every day cost.

Greater than 100 Ulez cameras had been destroyed, broken or stolen by activists against growth.

Imperial School London claims that LTNs might result in a discount in bronchial asthma deaths. Nonetheless, the scientific proof behind such claims is disputed. London’s Lewisham has seen a surge in air pollution after restrictions had been put in place.

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