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EU Signals Interest in Australian-Style Revenue-Sharing Rules Against Facebook, Google

Links 2/25/2021 | naked capitalism

The time has come to tell Americans that there is no escape from global responsibility, that they have to think beyond the protection of the homeland. They need to understand that the purpose of NATO and other alliances is to defend not against direct threats to U.S. interests but against a breakdown of the order that best serves those interests. They need to be told honestly that the task of maintaining a world order is unending and fraught with costs but preferable to the alternative. So $1.7T today, $2.7T tomorrow, get used to it, there is no “escape from global responsibility” even if your citizens don’t have shelter, food, or healthcare. We can’t have the global order or the interest it serves breakdown.

The Daily Herald - Facebook refriends Australia after changes to media laws

Facebook refriends Australia after changes to media laws Hits: 991 CANBERRA Facebook will restore Australian news pages, ending an unprecedented week-long blackout after wringing concessions from the government over a proposed law that will require tech giants to pay traditional media companies for their content. Both sides claimed victory in the clash, which has drawn global attention as countries including Canada and Britain consider similar steps to rein in the dominant tech platforms and preserve media diversity. While some analysts said Facebook had defended its lucrative model of collecting ad money for clicks on news it shows, others said the compromise - which includes a deal on how to resolve disputes - could pay off for the media industry, or at least for publishers with reach and political clout.

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