Domestic Content Protection – Intersindical RTVV Tue, 22 Nov 2022 07:53:23 +0000 en-US hourly 1 Domestic Content Protection – Intersindical RTVV 32 32 China Antitrust Monthly Update: November 2022 Tue, 22 Nov 2022 07:53:23 +0000


The Council of State announces Independent Business Development Promotion Regulations and emphasizes that platform operators should not impose unreasonable conditions

On October 25, 2022, in order to encourage, support and guide the healthy development of the individual economy, to safeguard the legitimate rights and interests of individual entrepreneurs, to stabilize and develop urban and rural employment and to make fully play the important role of individual entrepreneurs in the national economy and social development, the State Council announced the completion Regulation on the promotion of the development of individual entrepreneurswhich will come into force on November 1, 2022.

SAMR publishes Guidance Notice on Regulation of Administrative Penalty Discretion for Market Regulation

On October 8, in accordance with the Administrative Penalty Law of the People’s Republic of China and other relevant laws, regulations, rules and provisions of the state and in the light of the actual labor practices of market regulation for the purpose of regulating the administrative penalty for market regulation, to safeguard the lawful exercise of power discretion on administrative punishment by market regulatory authorities and to protect the rights and legitimate interests of natural persons, legal persons and other organizations, the State Administration for Market Regulation (“SAMR”) publishes Guidance Notice on the Regulation of Administrative Penalty Discretion for Market Regulation.


SAMR to recruit 11 more anti-monopoly officers

On October 25, 2022, the National Civil Service Administration issued an announcement on “the employment of civil servants in the 2023 exam”. In the announcement, SAMR’s Antitrust Enforcement Division I, Antitrust Enforcement Division II, and Competition Policy and Coordination Division of SAMR plan to hire 11 officials.

Chongqing AMR issues guideline for antimonopoly review of corporate mergers

On October 19, the Chongqing Administration for Market Regulation (AMR) announced the guideline for anti-monopoly review of business mergers in Chongqing. The guide is divided into three parts: a brief guide, the basic requirements and the trading application process, which clarifies the acceptance scope of the trading application, application time, preparation materials and the content of the negotiation, etc.

SAMR appoints antitrust director

On October 14, SAMR appointed Xinjian Xu as director of SAMR’s Antimonopoly and Regulatory Division.

Shandong AMR Issuing Tender for Anti-monopoly Evidence Collection Equipment Procurement Project

On October 12, Shandong AMR issued an announcement on the procurement project award for anti-monopoly evidence collection equipment, which said the winning company was Jinan Huitian Yunhai Information Technology Co., Ltd, and that the winning bid was RMB 195,850.

The Center for Competition Policy and Big Data provides data and evidence collection services for SAMR for antimonopoly review on corporate concentration

On October 10, SAMR released the results of the winning bid for the Anti-Monopoly Data and Evidence Collection Project and Other Services, with SAMR’s Center for Competition Policy and Big Data as the winning bidder, with a winning bid of RMB 2.58 million.

Director of SAMR (Luo Wen): significant achievements in building a unified national market and dismantling administrative monopolies and market monopolies

On October 10, Luo Wen, director of SAMR, said in his article Historical Achievements and Changes in Chinese Market Regulation that the construction of a Unified National Market has obtained significant results and that the dismantling of administrative monopolies and market monopolies has been effective. The article states that since 2018, the state has been committed to promoting the establishment of a national fair competition review system, vigorously cleaning up and abolishing various regulations and practices that hinder the unified national market. and fair competition, to continuously strengthen law enforcement against abuse. administrative power to exclude and restrict competition, vigorously safeguard the order of fair competition in the market, protect the lawful rights and interests of various enterprises in the market, safeguard the rights and interests of consumers and social public interests, and to promote the continuous optimization of the ecology of the Chinese mega market.

MOF and CAFS Officers Respond to Journalist’s Questions Regarding GPL’s Exposure Draft

On October 9, agents from the Ministry of Finance (“MOF”) and the Chinese Academy of Fiscal Sciences (“CAFS”) answer the questions of the journalists regarding the exposure draft of the People’s Procurement Laws Republic of China (“LPG”), the main aspects, including the purpose of the amendment of the GPL; the main changes made to the GPL as a result of this amendment; the provisions included in the exposure draft to prevent and reduce corruption in the public procurement process.

Anti-Monopoly and Fair Competition Commission established in Shanghai

On September 30, the Shanghai Anti-Monopoly and Fair Competition Commission was officially established. The office of the Anti-Monopoly and Fair Competition Commission is located in Shanghai AMR, and the office manager is Wenhao Peng.

Public app

Hubei AMR investigates abuse of administrative monopoly of Xiangyang Administrative Approval Bureau

On October 17, 2022, Hubei AMR announced that, according to the results of the lawfully conducted investigation into the alleged abuse of administrative power to exclude and restrict competition by the Xiangyang Administrative Approval Bureau since June 2022, the Xiangyang Administrative Approval Bureau violated Article 34 of the People’s Republic of China Anti-Monopoly Law (“AML”). The Xiangyang Administrative Approval Bureau realized that the above behavior violated the provisions of the AML and actively rectified during the investigation and eliminated the adverse effects. Hubei AMR’s investigation procedure therefore ended accordingly.

Merger control

Director of NDRC: focus on the launch of “green light” investment cases for the platform economy

On July 28, 2022, during the thirty-seventh session of the Standing Committee of the National People’s Congress (“NPC Standing Committee), Lifeng He, director of the National Development and Reform Commission (“NDRC”) stressed that it is necessary to promote the standardized, sound and sustainable development of the platform economy, complete the special rectification of the platform economy, implement standardized supervision of the platform economy platform and focus on launching a number of “green light” investment cases.

CIMC Terminates Acquisition of APMM Due to Merger Control, Pays Reverse Break Fee of Up to RMB 600 Million

On October 20, China International Marine Containers (Group) Co., Ltd. (“CIMC”) announced that after discussions with APMøller–Mærsk A/S(“APMM”), CIMC and APMM signed the Settlement Agreementand CIMC must pay APMM a settlement fee of 85 million USD (approximately 600 million RMB).

Court litigation

SPC: Strengthen anti-monopoly justice and legally adjudicate “Choose one from two” and BDDP cases on e-commerce platform

On October 19, Rong He, deputy secretary of the Supreme People’s Court Party Group (“SPC), emphasized during the 20th National People’s Congress (“NPC”) that the laws, regulations and opinions issued must be used to build a Unified National Market. It is necessary to strengthen anti-monopoly justice and against unfair competition to maintain a fair market order. It is necessary to legally deal with cases such as “choose one out of two” and “big data discriminatory pricing” (BDDP) of e-commerce platform to strengthen the protection of the legitimate rights and interests of workers and consumers in the new forms of employment, and promote the healthy development of the platform economy of the digital economy.

SPP: actively and regularly conduct public interest litigation in the area of ​​anti-monopoly and focus on the Internet and other areas of livelihood protection

On October 15, 2022, the Supreme People’s Procuratorate (“PSP”) published data on the main cases handled by national prosecutors in the first three quarters of the year and indicated the direction of development: to play an active role in the protection of intellectual property rights and litigation of public interest against market players. Respond to the office of Public Interest Litigation Prosecutor to actively and regularly conduct public interest litigation in the area of ​​anti-monopoly, with emphasis on the Internet and other areas of consumer protection livelihoods to continuously improve market vitality and create fair and orderly competition in the market environment.

Qinghai Local People’s Court Transfers Damage Compensation Case for Abuse of Dominant Market Positions to Intermediate People’s Court

On October 3, the People’s Court of Minhe Hui and Tu Autonomous County of Qinghai Province issued a civil decision on Haidong Huaze Gas Appliances Trading Co., Ltd Minhe Branch v. Qinghai Province Minhe Chuanzhong Oil & Gas Co., Ltd, which, in accordance with the provisions of Article 1 and Article 3, paragraph 1 of the Provisions of the Supreme People’s Court on several issues relating to the application of law in the trial of civil disputes arising from monopoliesruled that the case should be under the jurisdiction of the intermediate people’s court of the city where the provincial people’s government is located, and therefore transferred the case to the jurisdiction of the Xining intermediate people’s court.

Drinking water suppliers at Changsha South Railway Station sued for price consistency monopoly, Supreme Court dismisses for insufficient evidence of meaningful binding

On September 30, the appellant, Binquan Li, appealed the civil judgment of the Changsha Intermediate People’s Court of Hunan in a monopoly dispute with the respondent, Hunan Xiangpintang Industry and Trade Co., Ltd. do not prove that Xiangpintang and the other five defendants engaged in the conduct prohibited by the AML, the SPC found that the evidence available in the case did not prove that Xiangpintang and the other five defendants entered into a monopoly agreement to fix the price of the goods and decided to reject all requests from Binquan Li.


The 3rd CRESSE-JUFE International Symposium on Competition Policy was successfully held online

On October 18, 2022, the 3rd CRESSE-JUFE International Seminar on Competition Policy, co-organized by Jiangxi University of Finance and Economics (“JUFE”) and the European Conference and Summer School on Competition and Regulation (CRESSE), took place in Zoom online and lasted three days.

Mobile Water Treatment Market Forecast to 2028 Wed, 16 Nov 2022 11:32:34 +0000

New York, Nov. 16, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Mobile Water Treatment Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Offer, Application, and End User” – https:/ /
The benefits of a mobile water treatment system such as increased convenience, affordability, and less time to install a new water treatment plant propel the growth of the market for mobile water treatment.

Modern water treatment solutions are equipped with the latest technologies to provide the best water treatment. Therefore, companies the size of the mobile water treatment market are offering faster and more affordable solutions to meet customer needs.

The rapid industrialization encourages companies to avoid interruptions and system downtime, thereby increasing the size of the mobile water treatment market. Mobile water treatment systems support on-site operations by providing rental equipment to meet demand for short-term water treatment solutions.

Additionally, infrastructural developments contribute to the need for a mobile water treatment market in the municipal sector, especially in the developing economies of China, India and Brazil.

In several industries, clean water is used for a range of applications, including dilution, steam generation, and washing and cooling of manufacturing equipment. This has increased the demand for a constant and reliable water supply in sectors such as power generation, manufacturing, food and beverage, and agriculture.

The energy and electricity sector is one of the largest consumers of water; therefore, these factories are located on the coast. These factors are propelling the growth of the mobile water treatment market.

Governments in various countries are increasing their regulatory efforts to improve overall water quality, while encouraging the deployment of mobile water treatment systems in several industries. In the United States, the Environmental Protection Agency (EPA) regulates wastewater treatment, while the National Pollutant Discharge Disposal System (NPDES) licenses all wastewater treatment facilities.

In addition, the Water Pollution Control Act allows authorities to ensure that water withdrawn for industrial purposes is used efficiently. In developing countries, like India, population and industrial growth has created pressure regarding the need for clean water sources for use in industries.

The Minimum National Standard (MINAS) has been developed for various industrial sectors in India to control water pollution and restore industrial water quality. The law mandates the installation of meters to determine the amount of water used in industries in operations, processes, treatment and disposal. systems.

Due to such strict control over the use of fresh water, the demand for the mobile water treatment market is increasing across the country.

Mobile water treatment systems play an important role in providing sterile water for critical industries operations. Additionally, the demand for these systems has increased dramatically in several countries due to severe shortages of potable water and dwindling freshwater resources.

The demand for potable water during natural disasters and surface and groundwater treatment drives the mobile water treatment market.

Rapid urbanization, limited access to potable water and increasing demand for high quality water from water intensive industries are among the factors accelerating the demand for mobile water treatment systems in the region. Thus, the mobile water treatment market in Asia-Pacific is expected to witness remarkable growth during the forecast period.

Suppliers of mobile water treatment systems in the United States offer technologically advanced solutions to ensure the availability of clean water for domestic and industrial use. For example, AMPAC USA is involved in the design and manufacture of water treatment systems, which can be set up quickly and easily.

Many companies operating in several countries in North America offer mobile water purification units for sale or for rent. Renting mobile water treatment systems can help create a seamless customer experience, which can result in purchase orders in a short period of time.

Such facilities are expected to propel the growth of the mobile water treatment market in the region.

Industrial production managers in Europe strategically balance operating costs with investment capacity while meeting production needs and environmental considerations. Time or investment constraints limit the ability to install new water treatment solutions, which has propelled the demand for flexible rental solutions in Europe.

Mobile and modular process water production and wastewater treatment units allow industrial managers to adapt quickly to variations in production levels and operational activities. Players in the mobile water treatment market in Europe offer an ideal temporary solution, allowing manufacturers to continue to produce demineralised water in the event of a system failure. Increased flexibility to replace or supplement permanent water treatment installations in response to unexpected fluctuations is expected to drive the demand for mobile water treatment market share in Europe.

The main players presented in the mobile water treatment market study are Veolia; Pall Corporation; Evoque Water Technologies LLC; Ecologix Environmental Systems, LLC; Aquatech International LLC; Filtering systems; Separmatic LLC; Emwg SRL; Newater Technology Co; and Shark Systems, LLC. The Mobile Water Treatment Market report provides in-depth market insights which helps key players to build growth strategy in the coming years.

Ongoing developments in the mobile water treatment market share are strengthening the mobile water treatment market. In October 2020, EMWG Srl announced the merger with Idro Group Srl.

The merger will enable them to better respond to market demands by offering a wide range of quality products and services in the treatment and purification of wastewater, the treatment of drinking water, the production of biogas and biomethane and the air deodorization.

The mobile water treatment market is segmented on the basis of supply, application and end user. On the basis of supply, the market is divided into systems and services.

Based on application, the market is segmented into clarification, filtration, chemical softening, reverse osmosis, ion exchange, and others. Based on end user, the market is segmented into construction, municipal, agricultural, chemical, and others.

The mobile water treatment market is segmented into five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and America of the South (SAM). In 2021, North America led the market with the largest share, followed by Europe.

Additionally, Asia-Pacific is expected to register the highest CAGR in the mobile water treatment market from 2022 to 2028.
Read the full report:

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		Do this to protect your license plate registration stickers
		Sun, 13 Nov 2022 19:55:20 +0000


Every year we have to get new registration stickers for our vehicles. Depending on the year, make, model of your car, and the state you live in, new stickers can be quite expensive. With that comes a chance that they might get robbed.

If your sticker has been stolen you may not even know until you are pulled over by the police for expired plates. Here’s what you need to do every year to protect your sticker against theft.

How can I prevent my car stickers from being stolen?

Police recommend getting a sharp object, like a razor blade, and putting an X on the sticker, which makes it harder for someone to steal. It is also recommended that you peel off all old stickers before replacing new ones and obtain a license plate cover to protect these labels.

I also found this vision of what to do on Instagram.

How much does a replacement license plate sticker cost in Indiana, Kentucky and Illinois?

According to ETags,

In Indiana,

The standard fee for a replacement Indiana license plate, registration certificate, or sticker is $9.50. The Bureau of Motor Vehicles or BMV has several locations across the state that include a 24-hour service kiosk.

In Kentucky,

Replacement decals cost $3.00, and if using the notary services of the County Clerk’s Office, an additional $3 fee applies.

In Illinois,

License plate replacement fees are $6 for a single plate and $9 for a pair; replacement sticker is $20. If only one plate and one sticker is required, the fee is $26.

While it’s not expensive to replace your license plate sticker, it’s a pain when you have to take the time to replace it. So take those knives or cutters and cut them into slices.

Beware of these 50 jobs that could disappear in the next 50 years

READ MORE: See 50 remote jobs that can pay well

]]> Trade Matters – Lowenstein Sandler’s Bulletin on Global Trade and National Security – November 3, 2022 | Lowenstein Sandler LLP Fri, 04 Nov 2022 14:17:32 +0000

1. New controls targeting China’s semiconductor and supercomputer sectors

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) recently issued an Interim Final Rule that significantly expands export controls on advanced computer materials and semiconductors. These controls are intended to prevent China from using these materials to produce advanced military weapons and commit human rights abuses. The rule imposes restrictive export controls on certain advanced computer semiconductor chips, end uses of supercomputers, and transactions involving certain entities on the Entity List. In addition, the rule adds new Export Control Classification Numbers (ECCNs) to the Trade Control List (CCL) controlling the export of certain advanced computer chips, semiconductor manufacturing equipment and other related technologies; revises existing ECCNs; establishes new end-use controls for certain CDC items; and expands the scope of the direct foreign product rule. The new controls are part of the ongoing review of BIS export control policies to the PRC announced by Undersecretary Estevez during congressional hearings in July 2022 and follow several regulatory and enforcement actions taken at the course of the last few months.

2. US lawmakers encourage companies to use OFAC license to export communications services and products to Iran

US lawmakers are encouraging US tech companies to take advantage of a license issued by the Office of Foreign Assets Control (OFAC) that authorizes certain transactions involving communications tools and services. The D2 General License, issued in September 2022, authorizes the export or re-export, directly or indirectly from the United States or by a U.S. person wherever located, to Iran:

  • Paid or free services related to the exchange of communications on the Internet, such as instant messaging, chat and email, social networks, photo and movie sharing, web browsing, blogs, platforms social media platforms, collaboration platforms, video conferencing, online games, e-learning platforms, machine translation, web maps and user authentication services, as well as supporting cloud-based services authorized or exempted transactions
  • Paid or free software or software of foreign origin located outside the United States, related to the above services, provided that the software is designated EAR99 or ECCN 5D992.c
  • Internet connectivity services and telecommunications capacity, including cloud-based services and the supply, sale or lease of capacity on telecommunications transmission facilities related to communications
  • Free services and software available to the public

A bipartisan group of lawmakers sent a letter to several U.S. technology companies, including Google, Amazon, Apple, Meta and Microsoft, recommending that they be more proactive in using permission to ensure that technologies and Communication services are available in Iran.

3. New CFIUS Sanctions and Enforcement Guidelines

Recently, the Committee on Foreign Investments in the United States (CFIUS) of the United States Department of Treasury released the first-ever CFIUS Enforcement and Sanctions Guidelines. This announcement sends a clear message that compliance with CFIUS regulations and mitigation agreements is not optional. CFIUS warns the industry that it will not hesitate to take action and use all tools at its disposal to ensure prompt compliance and correction, including through the use of civil monetary penalties and other appeal. CFIUS sanctionable conduct includes failure to file a mandatory statement or notice; failure to comply with CFIUS agreements, conditions or mitigation orders; and any material inaccuracies, omissions or misrepresentations of information filed with CFIUS. The guidelines address factors that CFIUS will consider when determining sanctions, such as liability and incentive to comply in the future with CFIUS regulations and mitigation agreements; harm to the national security of the United States; whether the party acted negligently or with knowledge or intent; the time that elapsed between becoming aware of the breach and when CFIUS became aware of it; frequency and duration of driving; whether the subject self-disclosed the violation, cooperated with CFIUS, and took prompt corrective action; and the sophistication of the company and its compliance record.

4. States block business with ties to Russia

Companies must indicate if they have in their corporate documents any officers or directors associated with addresses in Russia. The Delaware Corporations Division has blocked dozens of U.S. corporations registered in Delaware from receiving corporate services, including registered agent services and filing required documents with the state, saying such services are covered by an OFAC rule prohibiting the provision of business formation services to persons located in the Russian Federation. Based on this rule, Delaware refuses to provide business services if it identifies addresses indicating that officers or directors reside in Russia. As a result, these companies are effectively prevented from raising funds or issuing shares. To be unblocked, companies must demonstrate to the Companies Division that none of their officers or directors reside in Russia.

Delaware’s action is one of many similar legal or policy positions taken by states in response to Russia’s invasion of Ukraine. These restrictions range from banning Russian-made and Russian-branded alcohol from state-owned liquor stores to broader restrictions, including:

  • A New York law prohibiting state entities from entering into contracts or investing in companies headquartered or principally located in Russia, or entering into contracts with entities doing business in Russia
  • A California executive order prohibiting state agencies from entering into contracts with Russia and requiring all recipients and contractors with agreements worth $5 million or more to report on actions taken in response to the Russian invasion of Ukraine
  • A New Jersey law prohibiting state contractors from receiving contracts if they or any affiliate (1) have contracts with Russia or Belarus, (2) are headquartered or have their principal place of business in Russia or Belarus, (3) supporting or facilitating the invasion of Ukraine, or (4) in which Russia or Belarus has a direct interest

Similar laws prohibiting or restricting contracts with state agencies or investments by state agencies have been enacted in other states, including Colorado, Georgia, Indiana, Massachusetts, Ohio and Vermont.

The Supreme Court has previously ruled in Crosby v. National Foreign Trade Board that these laws are pre-empted and unconstitutional under the supremacy clause. Thus, companies may have avenues to challenge state laws prohibiting companies based on activities involving Russia that are not restricted by OFAC sanctions.

5. Ability for Businesses to Request 301 Tariff Relief

As part of the quadrennial review of Section 301 tariffs required by law, the United States Trade Representative (USTR) recently announced that it would be possible to comment on the effects of Section 301 tariffs and to litigate for their removal. Comments can be submitted through the USTR Comment Portal, which opens November 15 and closes January 17. The USTR has posted the specific questions it will seek comments on before the comment window opens so that companies can begin preparing their responses. Companies will be able to comment on the effects of Section 301 tariffs at the economy-wide, sector/industry, and individual tariff code levels and propose changes. This comment period is the only way for companies to seek tariff relief for the foreseeable future.

6. Trade executive named new director of Made in America

On October 12, the Biden administration announced that Livia Shmavonian would be the new Made in America director of the Office of Management and Budget, after having served as director of legislative and intergovernmental affairs and senior adviser to the Undersecretary for the Administration of the Department of Commerce International Trade. The Made in America office was created to stimulate domestic manufacturing and increase the use of American-made products and services in federal procurement processes. In March of this year, a final rule was released that will increase the domestic content threshold for federal procurement from 55% to 75% by 2029. As of October 25, the threshold is 60%. Shmavonian’s appointment is just one of many steps the Biden administration has taken to demonstrate a continued focus on expanding manufacturing in the United States.

7. CBP introduces new entry requirement for all Chinese imports

US Customs and Border Protection (CBP) recently posted the latest ACE Development and Deployment Schedule on its website, which contains a new requirement that will impact all importers of items from China. Specifically, CBP intends to require importers of items from China to declare the Chinese postal code associated with the business identified by the Manufacturer Identification Code (MID). CBP will use this data as a screen to determine if the imported item was produced in Xinjiang and is therefore subject to the Uyghur Forced Labor Prevention Law (UFLPA). While this change was originally scheduled to go into effect in November, CBP postponed it without setting a new deployment date. This upcoming requirement underscores that UFLPA enforcement continues to escalate and companies should be prepared to meet this or a similar requirement in the near future.

BUSINESS TIP OF THE MONTH: The anti-boycott app remains relevant

On October 6, 2022, Assistant Secretary for Export Enforcement Mathew Axelrod released a policy memo outlining improvements to BIS anti-boycott enforcement policies. These improvements include the reprioritization of offense categories, enhanced penalties, the requirement to admit wrongdoing, and renewed attention to foreign subsidiaries of US corporations.

Texts shed light on drag show debate that led to the resignation of St. George’s city manager Wed, 02 Nov 2022 01:08:04 +0000

Newly released documents reveal St. George’s leaders’ arguments over whether to allow a drag show this summer, an issue at the heart of the city manager who is being asked to resign. (Ravell Call, Deseret News)

Estimated reading time: 6-7 minutes

ST. GEORGE — Newly released documents reveal St. George executives’ arguments about whether to allow a drag show this summer — an issue at the heart of the city manager who is being asked to step down, with an incitement from $625,000 to keep him from suing the city for breach of contract.

The event was part of HBO’s “We’re Here” drag show tour that visits small towns and cities across the United States, particularly in the South and Southwest. The episode shot in St. George on June 3 has yet to air on television.

What happened?

When St. George’s City Council learned that the city’s special events manager had approved the event to be held in the town square on Main Street – while City Manager Adam Lenhard had yet to issued the permit – city council members shared their disapproval of the text messages, which received via a government records request.

Councilwoman Michelle Tanner asked what time of day the drag show would take place and whether there would be “legal protection to protect children as it is city property”. She compared the show to a “strip show” or a nudist club.

Lenhard noted in a response to Tanner’s questions that the show would hold a nightly rehearsal and the show would be at 9 p.m. on a Friday night.

“Unless the production violates a law, I believe their right to use the park is protected by the First Amendment. A private owner could exclude anyone for any reason, but the government cannot restrict his speech or expression on public property,” Lenhard wrote, adding that he was told that none of the drag show participants would be “naked or indecent.”

In the same text thread, Councilwoman Jimmie Hughes expressed concern about potential sexual innuendo that could be discussed during the drag show and asked if the park was the “appropriate public place” for it.

Councilwoman Dannielle Larkin suggested the production lock down the area if the performers planned to discuss topics that would be considered appropriate for adult audiences only, but “just let them film” if the content would be “OK for all audiences.” “.

She described drag as an expressive art and urged other leaders to keep it at the same level as they would any art form.

Mayor Michele Randall noted that the city’s special events coordinator approved the drag show and did not “violate” any of the boxes checked on the city’s application forms.

Randall then suggested that the text thread should “stop due to the possibility” of someone filing a request under the Access and Management of Government Records Act.

In a separate text chat between Tanner and Lenhard, Tanner said the “overwhelming majority” of members of the community “would agree that a drag show would be offensive and lacking in scientific values.” She said “sexuality” would be the show’s “entire theme”.

Tanner argued that the HBO show was about “coming to terms with their sexuality” and going into “conservative communities” to flaunt it. The councilor asked if the city is prepared for lawsuits from parents whose children are exposed to it.

Lenhard said the constitutional right to free speech would likely outweigh other arguments against holding the event. But he suggested potentially asking event organizers to put up a sign warning passers-by of mature content.

In further communications, Tanner said she believed the matter should be decided by city council rather than city staff and again questioned why an event of this nature had been approved without the contribution. elected officials.

Another incident — the St. George Police Department sharing a “Happy Pride” message of the month on social media — sparked widespread attention on the drag show among residents, St. George News reported. The post drew criticism from some residents and praise from others, and it was rumored that the drag show might be canceled.

The day before the show, members and advocates of the LGBTQ community filled city council chambers to advocate for the show to be allowed, the outlet reported.

The drag show takes place

The program’s producers applied to hold the event at the park on May 24 and received approval on May 31. The city issued a special event permit for the show on June 2, the day before the drag show.

City code states that applicants must submit their applications at least 45 days before the event. Tanner and others expressed concern that this deadline was not being met.

But city records show that several events over the past two years were approved within a day of a company or organization’s request, and some took several weeks to be approved.

Reasons a special event request may be denied, according to city code, include if the proposed special event “violates any law, ordinance, policy, procedure, or regulation or constitutes a hazard or threatens public health, safety, or welfare, or causes inconvenience or expense to the public.” The city may also deny special event permits if “the proposed special event does not comply nature and intended use of the requested municipal property”.

No specific circumstances or additional guidelines are detailed in the city code.

The city council eventually told Lenhard to cancel a permit that had been issued for the drag show, but Lenhard allowed the show to continue because he feared his cancellation would result in a discrimination lawsuit, St. GeorgeNews.

City manager resigns with settlement

The city council told Lenhard verbally that they wanted to remove him from office on July 14.

According to a confidential separation agreement, Lenhard believed he had a good faith basis for the legal claims against St. George and wanted to resign rather than be removed from office.

Although the city manager was an at-will employee, his contract with the city outlined the process the city would have to follow to terminate his employment as a political appointee. The city council agreed by majority vote to approve the separation agreement — which includes the amount Lenhard will receive — and it was signed by the mayor.

Outside attorneys advised the city to settle with Lenhard, rather than go to court, based on the terms of his contract.

“The city believes it is in its best interests to settle all legal claims (and) indemnify Lenhard” in exchange for his promise not to sue the city, the agreement states.

The agreement, signed by Lenhard and city leaders, prohibits city officials and employees with knowledge of the agreement from making “derogatory” comments about each other. If they do, Lenhard can demand $50,000 from the city for each event, and the city could demand the same amount from Lenhard.

Lenhard will receive $625,000 from the city on Jan. 13, 2023, of which $25,000 will come from the Utah Local Government Trust, and an additional $25,000 in severance pay.

Related stories

Southern Utah’s Latest Stories

Ashley Imlay covers state politics and breaking news for A lifelong Utahn, Ashley also worked as a reporter for the Deseret News and is a graduate of Dixie State University.

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German Government Backs Cannabis Legal Plan—Will EU Approve? Thu, 27 Oct 2022 15:33:45 +0000

gGermany’s federal cabinet has officially approved a plan to legalize marijuana nationwide. But officials say his fate ultimately hinges on whether international and European politics allow the country to move forward.

Details of the reform framework have surfaced in the media over the past two weeks as the Health Ministry worked to finalize the plan before submitting it to the full Cabinet on October 26.

Now it has government approval, bringing it closer to scrutiny by lawmakers, but not before it is sent to the European Commission for consideration. In this regard, Health Minister Karl Lauterbach said the proposal was not yet a “major breakthrough in drug policy”.

“If this preliminary examination clearly showed that this path would not be viable for the European Commission, then we would not draw up a draft law on this basis either,” he told a press conference on Tuesday. October 26. The German government will separately issue a statement on whether the framework complies with broader international treaty obligations.

“We want to decriminalize the use of cannabis in order to achieve better protection for children and young people, but also better protection for health”, Lauterbach said.

If things go according to plan internationally and domestically, it could be possible that legalization will come into force in 2024.

The basics of the proposal – which currently comes in the form of a 12-page framework, not actual legislation – are that adults aged 18 and over could purchase and possess 20 to 30 grams of marijuana in federally licensed stores and possibly pharmacies. They could also grow up to three plants for personal use, with rules for enclosing them to prevent youngsters’ access.

An earlier, leaked version called for a THC cap on all cannabis products, but this was revised following rejection by advocates and lawmakers. Now the government says it will only consider a THC limit for products sold to people between the ages of 18 and 20.

Under this framework, all ongoing criminal proceedings related to charges that would not apply under the reform would be stayed and terminated upon implementation.

Sales could not take place in a store that also sells tobacco or alcohol. There would also be a ban on cannabis advertising.

Marijuana would be subject to the country’s sales tax, and the plan includes an additional “special consumption tax.” However, he does not specify a figure, arguing instead that it should be set at a rate competitive with the illicit market.

Lauterbach said the bill would be tabled no earlier than the first quarter of 2023, but he doesn’t expect it to be approved quickly. If things go according to plan internationally and domestically, it could be possible that legalization will come into force in 2024.

This agreed framework is the product of months of review and negotiations within the administration and the “traffic light” coalition government. German officials took a first step towards legalization in June, launching a series of hearings intended to help inform legislation to end the ban in the country.

But the health minister’s October 26 comments dampened optimism about the prospects of legalizing marijuana in Germany, given the declared deference to international and European bodies.

This will represent a key test within the EU.

The European Commission in 2020 recommended that member countries vote en bloc in favor of a World Health Organization (WHO) recommendation to remove marijuana from the strictest class of drug under a treaty. international. But it’s still unclear how that would play out in terms of Germany’s legalization. Canada and Uruguay have already flouted UN policy by enacting legalization, but this will be a key test within the EU. For what it’s worth, Malta is an EU member country that legalized cannabis late last year.

Some German lawmakers are unhappy with the Cabinet framework even after it was revised slightly to ease restrictions.

For example, Kirsten Yet Kappert-Gonther, Green Party Deputy Chair of Parliament’s Health Committee, said EU policy that it continues to believe that the proposed regulations are too strict to effectively mitigate the illicit market. However, she said the conversation was “progressing”, according to a translation.

“The key points are coming! No upper THC limit for over 21s, up to 30g purchase and possession of #Cannabis, 3 self-grown plants,” she said. said. “Good over here! Next step bill.

Kristine Lütke of the Liberal Democratic Party (FDP), said the plan “fails to provide effective and good youth, health and consumer protection, while reining in the black market”.

In the meantime, conservative lawmakers have consistently opposed the legalization proposal. Stephan Pilsinger of the Christian Social Union said he expects the European Commission to refuse to authorize the reform.

A group of German lawmakers, along with Narcotics Commissioner Burkhard Blienert, recently traveled to California and visited cannabis companies to brief their country’s approach to legalization.

The visit comes about two months after senior officials from Germany, Luxembourg, Malta and the Netherlands held a first-of-its-kind meeting to discuss plans and challenges associated with legalizing marijuana in adult use.

Leaders of Germany’s coalition government said last year they had reached an agreement to end cannabis prohibition and enact regulations for a legal industry, and they announced some details of that plan earlier. This year.

A new international survey released in April found majority support for legalization in several key European countries, including Germany.

Photography by Ingo Joseph via Pexels

This story was originally posted by Moment Marijuana, that follows cannabis and drug policy and politics. Follow Marijuana Time on Twitter and Facebook, and subscribe to its newsletter.

After raising hopes, Biden still has no climate migration plan Wed, 19 Oct 2022 15:35:42 +0000

SAN DIEGO (AP) — Shortly after taking office, President Joe Biden issued what was widely hailed as a landmark executive order calling on the U.S. government to study and plan for the impact of climate change on migration. . And less than a year later, his administration released the US government’s first assessment of the broad ripple effects of a warming Earth on international security and the displacement of people.

Supporters hailed the two measures as bold steps towards the world finally acknowledging the need to offer refuge to people fleeing not only wars and persecution, but also climatic calamities such as drought and rising seas.

Since then, however, the Biden administration has done little more than study the idea, supporters say.

The government has been slow to implement recommendations made a year ago by its own agencies, including the National Security Council, on how to tackle climate migration.

The creation of an inter-agency task force to coordinate the government’s response to domestic and international climate migration has been key to making progress on the issue.

But the group, which was supposed to oversee policies, strategies and budgets to help climate-displaced people, has still not been created, according to a person familiar with the efforts of the administration that was not authorized to speak out publicly. The person said the group is expected to hold its first meeting later this fall. The administration declined to identify the agencies that will participate in the task force.

Meanwhile, Biden’s report to Congress on his plans to admit refugees to the United States in fiscal year 2023 makes little mention of climate change.

Supporters once spurred on by the administration’s promises to embrace climate-displaced people say they have grown disillusioned.

“It’s really disappointing,” said Ama Francis, climate migration expert at the International Refugee Assistance Project, a New York-based advocacy group. “We want to see concrete action. There are needs right now. But all we see is the administration moving more slowly and remaining in an exploratory phase, rather than actually doing something.

This is despite government reports from the Departments of Defense and Homeland Security, the National Security Council, and the Director of National Intelligence that have underscored “the urgency of expanding current protections and creating new legal pathways to safety of climate-displaced people,” Francis said.

Every year, natural disasters force an average of 21.5 million people from their homes worldwide, according to the United Nations High Commissioner for Refugees. And scientists predict that migration will increase as the planet warms. Over the next 30 years, 143 million people are at risk of being uprooted by rising seas, drought, scorching temperatures and other climatic disasters, the Intergovernmental Panel on Climate Change reported this year. UN climate.

National security officials have also recommended increasing U.S. assistance to countries regularly hit by extreme weather and bolstering support for U.S. climate scientists and others to track such events.

To that end, the government recently released plans to work with Congress to provide billions of dollars annually to help countries adapt to and manage the impacts of climate change, especially for those vulnerable to climate change. worst effects.

At the US-Pacific Islands summit, Biden announced $22 million in funding for climate prediction and research, and building early warning systems in places like Africa, where 60% of nations lack such systems. The administration said it plans to announce more such funding to close that gap at the COP27 global climate summit in Egypt in November.

Environmental disasters now displace more people than conflicts within their own country, although no nation in the world offers asylum to climate migrants.

The 37-page White House report on the impact of climate change on migration was the first time the US government has described the inextricable links between climate change and migration.

Released in October 2021 as Biden headed to the United Nations climate conference in Glasgow, Scotland, the report recommended measures, such as monitoring the flows of people forced from their homes due to natural disasters and the working with Congress on a groundbreaking plan that would add droughts, floods, wildfires and other climate-related reasons when considering refugee status.

The report came a year after the United Nations High Commissioner for Refugees issued legal guidance that opened the door to protecting those displaced by the effects of global warming.

The guidance says climate change should be considered in certain scenarios when it intersects with violence, although the document did not redefine the 1951 Refugee Convention, which only offers legal protection. people fleeing persecution because of their race, religion, nationality, politics. opinion or social group.

The UN refugee agency has acknowledged that temporary protection may be insufficient if a country becomes uninhabitable due to drought or rising seas, and has suggested that some climate-displaced people may be eligible for the resettlement.

Last month, more than a dozen aid organizations sent a letter to the White House urging the government to prioritize refugee populations currently affected by climate change. The population includes: South Sudanese and Ethiopians in Sudan where recurrent drought and flooding exacerbated by climate change threatens refugee camps. And the Rohingyas in Bangladesh where refugee camps are also threatened by floods.

But the Biden administration has not responded to the request, the organizations said.

“It was a positive step for the administration to recognize that it had to work on this issue, which is a first, so now it should deliver on its promise…” said Kayly Ober of Refugees International.

Migration is part of humanity’s adaptation to climate change and will become one of many tools for survival, so governments must now plan accordingly, advocates say.

Humanitarian organizations have provided the administration with reports on how to train immigration officers to better consider climate change when interviewing people seeking asylum or refugee status. They also offered an analysis of possible legal pathways, such as expanded temporary protected status and humanitarian parole, that have allowed people fleeing natural disasters and conflict in a limited list of countries to live and work. in the United States for a few years.

The United States should establish a resettlement category for migrants who do not meet the refugee definition but cannot safely return to their home country due to environmental risks, experts say.

Deteriorating weather conditions are exacerbating poverty, crime and political instability, fueling tensions over dwindling resources from Africa to Latin America. But often climate change is overlooked as a contributing factor for people fleeing their home countries. According to the UN refugee agency, 90% of refugees under its mandate come from countries “on the frontlines of the climate emergency”.

But so far, the United States has made little progress in adopting policies recognizing them.

“Where we have some movement, unfortunately, is only in the rise in the number of forcibly displaced people around the world,” said Amali Tower, founder of advocacy group Climate Refugees.


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BA. 275.2: New Omicron subvariant can evade almost all protective antibodies: study Mon, 17 Oct 2022 13:09:27 +0000

By Alexandra Mae Jones, Editor

Click here for updates on this story

Toronto, Ontario (CTV Network) – A new study from Swedish researchers suggests that the world could see a dramatic increase in COVID-19 cases this winter due to new mutations creating variants that could evade immunity from vaccines or previous infections.

The BA.2.75.2 variant, one of the latest developments in the Omicron lineage of COVID-19, can evade the majority of neutralizing antibodies in the blood, according to the study, and is also resistant to several antiviral treatments. of monoclonal antibodies that have been created. to care for COVID-19 patients.

The mutations that make this possible in BA.2.75.2 appear in other variants as the virus continues to grow and evolve, researchers say – and it’s still unclear whether bivalent vaccines will provide more immunity. robust against this particular variant.

The study, published Thursday in the Lancet Infectious Diseases, looked at three subvariants of Omicron and found that although vaccines still offer some protection against them, some variants are better than others at evading antibodies.

“Although antibody immunity did not completely disappear, BA.2.75.2 showed far more dramatic resistance than the variants we have previously studied, largely due to two mutations in the binding domain. spike protein receptor,” Ben Murrell, corresponding author and assistant professor in the Department of Microbiology, Tumor, and Cell Biology at the Karolinska Institutet, said in a press release.

Currently, the BA.5 is one of the most dominant variants in North America, according to the study. According to the most recent data from the Public Health Agency of Canada, BA.5 and BA.4 currently dominate in Canada. Additionally, the World Health Organization monitors other variants, including BA.2.75.

BA.2.75.2 is the last mutation of BA.2.75. Previous research has shown that BA.2.75 isn’t as good at evading antibodies as BA.5, but BA.2.75.2 has additional mutations that made researchers sit up and take notice.

Several specific mutations within the BA.2.75.2 variant had already been associated with a higher escape percentage in previous variants, according to the study. But BA.2.75.2 combines mutations in a way that could potentially make it much more infectious.

A diagram accompanying the search highlighted structural differences in the receptor binding domain between BA.2 and BA.2.75, as well as differences between BA.2.75 and BA.2.75.2 to show how this variant continued to mutate.

And the researchers say BA.2.75.2 is a far cry from the final form of COVID-19.

“We now know that this is just a constellation of emerging variants with similar mutations that will likely come to dominate in the near future,” Murrell said. “We should expect infections to increase this winter.”

To examine the variant in a real-world setting, the researchers used blood samples from approximately 75 donors who were collected at three intervals: in 2021 before the emergence of Omicron and twice in 2022 after an increase in cases. and deployment of the third dose of vaccine.

“At all three time points, serum antibody neutralization of BA.2.75.2 was significantly lower than all other variants tested,” the study says.

They observed that two mutations that distinguished BA.2.75.2 from BA.2.75 “contributed to the significantly improved resistance” of the new variant.

The researchers also examined whether a variety of preclinical monoclonal antibody treatments available in Sweden were able to neutralize the BA.2.75.2, BA.4.6 and BA.2.10.4 variants.

These treatments are primarily used for those who are at high risk of developing severe disease if they contract COVID-19.

One treatment called cilgavimab was effective against BA.2.10.4, while another called sotrovimab showed poor results against BA.2.75.2 and BA.2.10.4, with better results against BA.4.6.

Only one treatment – bebtelovimab – was able to “potently” neutralize BA.2.75.2 and the other variants, the researchers found.

Bebtelovimab, which was developed by a Vancouver lab in conjunction with an American company, has been approved for use in the United States, but not yet in Canada.

The statement noted that scientists still don’t know if this variant will increase winter hospitalizations, but evidence suggests that if BA.2.75.2 starts circulating more, these regions could definitely see more cases due to increased capacity. of this variant to conquer. the protective shield from vaccines or previous infection.

Researchers hope that new bivalent vaccines, which have been modified to include protection against early Omicron variants, might provide stronger antibodies to block these new variants, but scientists don’t yet have enough data.

“We expect them to be beneficial, but we don’t know by how much yet,” Murrell said.

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]]> Resentment and the Crisis in Iran Sat, 15 Oct 2022 08:07:59 +0000

The wave of protests in Iran sparked by the death of 22-year-old Mahsa Amini on September 17 continues to this day. The number of people killed is unknown but it would be close to 200 and possibly even more.

In fact, this is one of many crises Iran has experienced over the years. For example, in 2009, many Iranians who believed Mahmoud Ahmadinejad had only been elected to a second term as a result of irregularities and election rigging took to the streets.

In 2019, they were back on the streets due to the sharp increase in fuel prices.

Each time, they were confronted with a muscular and murderous intervention by the security forces.

The current crisis has three main characteristics.

– Women are in the foreground. Amini became a victim and the symbol of what she was not meant to do as a woman. Iranian morality police detained Amini because, in their judgment, she was not wearing her headscarf properly. Many demonstrators are now burning their headscarves and their slogans show that their patience has reached its limits.

– Amini was ethnically Kurdish and there is a big Kurdish angle to the current crisis. The riots started in his hometown and spread across the country. The Western press is particularly keen to highlight these aspects.

– The protesters in the streets are mostly young people, including Generation Z. (Iran has 85 million inhabitants of which 24.11% are between 0 and 14 years old and 62.3% between 15 and 54 years old ).

Even though each group has their own specific reasons for not being satisfied with the regime, they have common ground on a majority of issues built on the basis of expectations and disappointments.

On the home front, political oppression, corruption, economic mismanagement and abuses of all kinds are very present. In fact, these are the main reasons why Iranians rose up against the Shah’s regime and overthrew it in 1979. The actors have changed, but the essence is the same.

Economically, inflation, a very weak currency, a percentage of the population living below the poverty line and the loss of wealth are among the major problems.

It should not be forgotten that it is one of the richest countries in the world in terms of proven reserves of natural gas and oil. These still valuable assets are even more valuable at a time when most of the industrial world is looking for alternative gas suppliers.

The sanctions have a lot to do with the current economic difficulties facing Iran, but blaming them would be misleading.

In terms of international relations and foreign policy, Iran is a major regional player. He has ambitions; regional, nuclear and other.

Iran is at the center of what is called the “axis of resistance” against Israel. This and the position it holds in the Shia world, the so-called Shia belt stretching from Iran to Lebanon, the deep involvement in Lebanon, Iraq, Syria and Yemen are worrying to many in the East and West.

The Iranian regime must have been concerned that the current crisis would be different from previous ones in the country’s history.

Supreme Leader Ali Khamenei called Amini’s family and promised a full investigation. The Speaker of Parliament spoke of the need to reform the approach to the morality police. The parliament created a commission of inquiry.

All this can be considered positive. But in the end, the official inquest report said “Amini died of illness rather than beatings” and protesters continue to be met with brute force and more repression.

A regime of this kind cannot be expected to yield easily. This regime, like all others like it, is convinced that any concession or move that could be perceived as a concession would lead to the weakening of absolute power, ultimately leading to a total loss of power.

The Iranian regime’s reflexes are the same in all countries where rulers and regimes are uncertain and dangerous and their preferred method of control is oppression and the use of force. Look at what happened in Syria and how Iran acted there.

One of the regime’s most remembered self-protection measures dates back to 2021, when Khemani took steps to ensure that his candidate, Ebrahim Raisi, won the presidential elections. These measures included banning any candidate who might pose a challenge to Raisi.

The Iranian Revolutionary Guard Corps (IRGC), Basij Resistance Force and Morality Police are the ideologically stalwart bodyguards of the system. They have identified their life with that of the regime while they live from this system. If the system disappears, they will lose all that.

Under Khamenei’s direct command, Iran’s security apparatus seems determined to protect the system at the cost of going to extremes.

It must also be said that the regime continues to have its staunch supporters. Not all Iranian women burn their headscarves.

Iran accuses the West of inciting the protests. He argues that this is one of many conspiracies against Iran by the enemy. Certainly, Iran has many enemies, but the crisis can in no way be attributed to this alone.

The Iranian regime swears not to allow chaos and disorder. But the fact is that it is essentially their way of governing and their actions that have led to what they call chaos and disorder.

At some point, there is always an incident that results in an explosion of negative energy in society. This is not unique to Iran.

The street riots in the United States when George Floyd was killed by police were a revolt against endless racial prejudice and discrimination. Street riots in France on several occasions also fall into the same category.

I remember hearing Iranian officials at the time claiming that these protests and riots were purely due to the system and attitudes in those countries. The same Iranian authorities claim that the crises in Iran are the result of outside intervention.

Iranians who take to the streets to challenge the regime are demanding change. Many want to get rid of it. They have courage but there is no emblematic figure as a leader and no organizing political structure.

On the other hand, some Iranians who are not satisfied with the way the country is run, do not want to change the regime but to improve it. It is the reformers from within the system that the conservatives probably hate and fear even more than the other group.

The West in general supports the protesters but nothing beats their support for Ukraine.

This is not surprising in many ways. Imagine a crisis of such magnitude in Iran which would have effects beyond its borders, especially at the time of everything that is happening in Ukraine and with Russia.

]]> IMF’s Georgieva warns central banks to hoard reserves and follow Fed hikes Wed, 12 Oct 2022 22:17:53 +0000

Washington DC – The head of the International Monetary Fund said Wednesday that central banks should refrain from intervening on currencies, suggesting instead that they use interest rate hikes as a preferred tool to combat currency weakness. against the dollar.

“Don’t waste your reserves to protect your currency,” IMF Managing Director Kristalina Georgieva said during an onstage discussion at the organization’s annual meeting in Washington DC “When your currency depreciates because from this inadequacy of the fundamentals, if you throw away your reserves to defend it, you will only gain a weak position for the future.

Emerging market currencies have been rattled by the strengthening dollar as the Federal Reserve raises interest rates to combat rising consumer prices in the United States Because so many countries are dependent on imports, rising local prices of international goods – often denominated in dollars – has triggered inflation crises around the world. A stronger dollar also makes it harder for emerging countries to repay dollar-denominated debt, since taxes are generally assessed in the local currency.

These currency fluctuations are closely watched by some bitcoin traders, as the price of the largest cryptocurrency is inversely correlated to the strength of the US dollar in the forex markets.

“Don’t fight a battle you can’t win”

Georgieva noted that some countries have raised interest rates to keep pace with Fed hikes. In general, when a country has a higher interest rate, its domestic bonds are more attractive to global investors, a dynamic which in turn leads to a stronger exchange rate.

The Bank of Mexico, for example, raised its interest rate for the 11th time in September in a bid for a range of 8.5% to 9.25% in an effort to tame inflation which is currently at 8.8%, slightly higher than in the United States. As a result, the Mexican Peso (MXN) held up well against the US Dollar (DXY) against other emerging market currencies.

“We actually saw a number of emerging markets that were quite proactive in assessing where the economy was heading and raising interest rates ahead of the Fed,” Georgieva said.

The Colombian peso, on the other hand, fell recently after the Colombian central bank announced a lower than expected rate hike.

“In fact, what she says is very important,” said Dick Bove, chief financial strategist at Odeon Capital. “She’s basically arguing that the Fed isn’t going to easing and the dollar is going to keep going up. So don’t fight a battle you can’t win.

Because the US dollar is the world’s reserve currency, the Federal Reserve is by default “the central banker of the world”, argues Bove, which means that if the Fed tightens, all the other major central banks must follow suit if they want the currency of their country. remain at the same level as the dollar.

The baffling question of how central banks react to a strong dollar could become a factor in crypto markets, albeit indirectly. Bitcoin (BTC) is inversely correlated to dollar strength in foreign exchange markets, so if central banks retaliate against weakening exchange rates, the cryptocurrency could benefit.

There is also speculation going back years in crypto circles that people in emerging markets may turn to digital assets like bitcoin as a safe haven if they see high inflation or economic turbulence in their home country. origin.