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The Full Image: What they didn’t inform you
The information and up to date media could be a nice supply of knowledge on world occasions, politics, climate and sports activities. However the mainstream information can typically be bias, pushing some happenings greater than others, specializing in some subjects closely and neglecting others.
Right here at MoneyMagpie, we consider within the significance of sharing the most recent that many mainstream retailers might have did not, or intentionally selected to not, cowl.
Each week, we’ll be rounding up a number of the high tales that you might have missed.
Slovakia rewrites structure
Slovakia has rewritten its structure in response to fears over a possible “digital euro”.
The Slovak Parliament handed the proposed legislation, which enshrines new authorized rights to money cost, on June 15, in what has been described as a “preventative measure” to safeguard the nation’s “monetary sovereignty”.
Milo Svrek, who co-authored the invoice, informed MPs that the brand new laws would defend Slovakian companies and shoppers “in opposition to any orders from the surface, saying there can solely be the ‘digital euro’ and no different cost choices”.
The transfer by the European Union (EU) member state follows latest discussions by Brussels a few attainable EU-wide Central Financial institution Digital Foreign money (CBDC) just like Nigeria’s ill-fated eNaira or the proposed “Britcoin” at present below session within the UK.
CBDC’s are seen with suspicion by many civil rights’ campaigners, economists and specialists, as our founder Jasmine has beforehand reported INCLUDE HYPERLINK TO MONEYMAGPIE PIECE HERE, not least due to there attainable misuse by future authoritarian governments.
In contrast to money or debit card funds, CBDCs are “programmable”, that means a authorities or central financial institution is ready to place controls on what the ‘digital euro’, eNaira or Britcoin is spent on. CBDCs may additionally, theoretically, have expiry dates utilized to them by central banks to make shoppers spend cash throughout a recession.
Opposite to some experiences, the amendments to the Slovak structure won’t give shoppers the fitting to pay by money in retailers.
Confusingly, the invoice intends to each defend shoppers’ rights to make use of money as a type of cost, whereas additionally enshrining retailer house owners’ authorized proper to refuse money funds so as to safeguard enterprise house owners from “robberies and publicity to germs” amongst different issues.
Low visitors neighbourhood efficiently challenged
Campaigners in Warrington are celebrating the elimination of anti-car obstacles erected as a part of a controversial “low-traffic neighbourhood” scheme or LTN.
The elimination of bollards within the Westy space of Warrington final week marks the second profitable problem of an LTN scheme within the Cheshire city, which closed a number of key roads in June 2022.
Like comparable schemes elsewhere within the UK, the restrictions in Westy are claimed to have led to extra congestion within the space, with offended residents complaining of longer journeys and delays.
Warrington is one in all a lot of councils to have trialed “low-traffic neighbourhoods”, “low-emission zones” or different anti-car measures lately.
The restrictions are typically promoted below the euphemism “15-minute cities”, a shorthand for the zoning of city areas to restrict free motion.
Underneath plans being launched in Oxford, Bathtub and Canterbury, residents will face fines for ceaselessly leaving their designated zone.
Different schemes to curb automobile use are being rolled out in London, Bristol, Birmingham, Leeds, Glasgow amongst others.
On July 4, London Mayor Sadiq Khan will face a Excessive Court docket showdown over his plans to broaden the capital’s so-called Extremely Low-Emission Zone (Ulez), with 5 Conservative-run councils attempting to dam the August growth.
In the meantime, final week a senior BBC information producer accused the state broadcaster of partaking in “collusion” with Khan to stifle criticism of his scheme. The whistleblower informed the Reform UK half’s 2024 mayoral candidate, Howard Cox, that Khan had utilized strain on BBC bosses to curb reporting on the problem. The BBC has beforehand confronted criticism for its inaccurate protection on the Ulez growth, quoting false statistics on the variety of automobiles prone to fall foul of the £12.50 day by day cost.
Greater than 100 Ulez cameras been destroyed, broken or stolen by campaigners against the growth.
Imperial School London claims LTNs may result in a discount in bronchial asthma deaths, nonetheless the science behind such assertions is disputed. The London borough of Lewisham noticed air pollution ranges rise after restrictions had been put in place.
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