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Facebook's brazen attempt to crush regulations in Australia may backfire


Facebook s brazen attempt to crush regulations in Australia may backfire
Elizabeth Dwoskin and Gerrit De Vynck, The Washington Post
Feb. 18, 2021
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Facebook s decision to flip a switch on Wednesday night - causing Australia s news industry to go dark on the social network - was a remarkable flexing of power by one of the world s mightiest companies.
The social media giant said it was backed into a corner by a new law there, which requires Internet companies to pay news publishers for their content and for those rates to be set by a government arbitrator. Instead of comply, Facebook has blocked all news content on its site in Australia. ....

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Indy Union Treasurer Arrested for $70,000 Embezzlement


Indy Union Treasurer Arrested for $70,000 Embezzlement
An Independence woman could spend her next 25 years in prison, for embezzling thousands of dollars of union funds.
The Independence Police Department reports that on February 11th (Thursday), officers arrested Maureen Kimmerle, who had previously served as the treasurer of the American Federation of State, County and Municipal Employees Union, or AFSCME .
Kimmerle allegedly misappropriated over $70,000 over a five year period, while working as the union s treasurer. The investigation into the missing money began in the fall of 2020.
Kimmerle faces charges of Ongoing Criminal Conduct, Theft-1st Degree, and Fraudulent Practices-1st Degree. The criminal conduct charge carries a possible sentence of 25 years in prison; the theft and fraud charges could mean 10 year sentences, plus $10,000 in fines. ....

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Treasurer Josh Frydenberg moves to permanently 'water down' ASX continuous disclosure rules


Treasurer Josh Frydenberg moves to permanently water down ASX continuous disclosure rules
Posted
WedWednesday 17
updated
ThuThursday 18
Federal Treasurer Josh Frydenberg was quizzed about the changes at a Parliament House press conference.
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Much of the news you see reported in the financial press comes from company announcements to the stock exchange.
Key points:
The government will move legislation to permanently relax disclosure obligations on ASX-listed companies and their directors
Experts say the changes will make it harder to run shareholder class actions and may lead to an increase in insider trading
Labor says it will try and convince Senate cross-benchers to join it in opposing the change ....

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