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Jun 12 2021 - 04:13 PM
Daily News From Around the World: 6/12/21

Good afternoon and here are a few summaries of the latest headlines. As always, these English-language headlines come to us courtesy of Freedom Forum’s “Today’s Front Pages” exhibit:


The Washington Post, Published in Washington, DC

Inflation in U.S. Offers a Preview


Inflation in the US is at the highest it's been since the 2008 recession (last month consumer prices rose by 5%). This appears to be a global trend, as economies across the world open back up and face a massive influx of consumer demand. Supply problems such as shortages in the production of semiconductors, businesses struggling to take on new workers, and other bottlenecks are at play here, as all the while people everywhere are eager to go out to restaurants, travel, and engage in other activities that have generally raised demand for goods and services. Some economists fear the inflationary wave might build on itself and begin to spiral; they think the Federal Reserve should take steps to tighten now. However, the Fed seems set on continuing its policy of easy money.


The New York Times, Published in New York, NY

Attorney General Vows to Fight Efforts to Restrict Voting Rights


Attorney General Merrick Garland has stated the Justice Department will redouble their efforts at protecting voting rights. This marks a significant turn, as the previous administration’s Justice Department effectively abdicated its responsibility to protect the right to vote (only one case under the Voting Rights Act was filed since 2017 and prior to Biden taking office).


Attorney General Merrick Garland


The Washington Post, Published in Washington, DC

G-7 Leaders Try to Turn the Page


Leaders of the Group of Seven nations met in Cornwall to discuss matters of post-pandemic economic policy. The G-7 agreed that together they would donate 1 billion vaccines to the developing world. Earlier this month, at the working group level, the G-7 announced an historic agreement on a global minimum corporate tax rate of 15%. 


The Japan Times, Published in Tokyo, Japan

China Ups the Pressure on Multinationals


China has decreed a new “anti-foreign-sanctions law” that would enable the government to seize assets and block transactions against “any individual or organization that is directly or indirectly involved in the formulation, decision or implementation” of sanctions. This comes at a time of increased tensions between China and the West over gross human rights violations in Xinjiang, the imposition of authoritarian rule on the people of Hong Kong, escalating military tensions in the South China Sea, among other issues. China therefore hopes to use this law as leverage against additional Western sanctions.


The Wall Street Journal, Published in New York, NY

Bills Aim to Split Amazon, Curb Tech Giants


Five pieces of bipartisan legislation in the House of Representatives would effectively split Amazon in two and rein in some of America’s largest tech companies. It goes without saying that these bills face significant opposition from Big Tech allies in Congress.


Images

Merrick Garland, courtesy of Wikimedia

Posted in: Learning at the LibraryNews Cafe|By: Joseph Edwards|169 Reads