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Home committee passes broad tech antitrust reforms

A House Committee passed a series of comprehensive cartel reforms on Thursday after around 23 hours of debate.

While the advancement of the six technology-oriented bills that will be debated by the House Judiciary Committee starting Wednesday is a victory for the bipartisan members who brought them in, the impact opened rifts within the parties that could ultimately affect the chances of the bills To become law.

Several lawmakers made it clear that they believed the rollout-to-markup process arrived prematurely in less than two weeks despite a lengthy investigation before the bills. Some said they were hoping for more changes before the legislation reaches parliament.

Nonetheless, the final stage of the debate offered some signs of optimism to those hoping to move the bills forward. Fresh from a break after the Fifth Act was passed after 5 a.m. on Thursday, lawmakers returned to the committee room at around 11:30 a.m. to discuss the Ending Platform Monopoles Act

The bill – sponsored by Antitrust Subcommittee Vice Chair Pramila Jayapal, D-Wash., And co-sponsored by Rep. Lance Gooden, R-Texas – would prevent dominant platforms from owning businesses that present conflicts of interest, such as through incentives preferring their own products to their service-dependent competitors.

The bill was one of the most aggressive in the package, including updates to merger filing fees for dominant platforms, a shift in the burden of proof for acquisitions, and a provision for attorneys general to have a say in the jurisdiction of their antitrust proceedings. It could essentially force the dissolution of companies like Amazon and Apple, both of which sell products or services on their own marketplaces that also serve third parties. Both stocks closed slightly lower for the day.

Despite the huge impact of the bill, it wasn’t the most controversial. The legislature has argued about the mandate for data portability under the Access Act for much longer than when it assessed potential security problems, for example.

Jayapal’s bill also sparked a lively debate. In the end, the vote was similar to the others (it was passed at 21:20, supported by Democrats and MPs Ken Buck, R-Colo. And Matt Gaetz, R-Fla., And against the Republicans supported by Rep. Greg. Stanton, D-Ariz., And the California Democrats Lou Correa, Zoe Lofgren and Eric Swalwell). Throughout the discussion, however, it was clear that many in the group broadly agreed with the principles of the bill, even though they felt it could use some fine-tuning.

“I’m telling you, I’m not 100% there to destroy big tech, but I’m close,” said Rep. Dan Bishop, RN.C. “And this is the calculation that, if done right, would be the vehicle to put that on the table.”

Although an amendment he proposed failed, Antitrust Subcommittee Chairman David Cicilline, DR.I. and Jayapal expressed a willingness to work with Bishop to possibly include a reference to his idea in the bill. Bishop was essentially trying to bring antitrust cases to court by removing a regulatory move. Cicilline had called it “the most interesting change in markup,” although he didn’t endorse it, and Justice Committee chairman Jim Jordan, R-Ohio called it “the change.”

In a post-markup interview Thursday, Buck, the senior member of the antitrust subcommittee that supported the legislation, told CNBC he expected more work to be done before the bills move forward.

“I don’t think the bills will be down for a couple of months because of the August break, so I think the opportunity to work together is certainly there,” he said.

It is clear that even after such a long debate, there is still a lot of work to be done on the drafters of the bill. After the service was adjourned, bipartisan members of the California delegation issued a joint statement in committee urging further revision of the bill despite its approval by the committee. They also said committee members did not have enough time to properly review the bills before serving.

“The legislative text as debated is far from ready for Floor,” wrote Correa, Swalwell, Lofgren and Reps. Darrell Issa, R-Calif., And Tom McClintock, R-Calif. “We urge sponsors of the bills to take the time necessary to commit to a comprehensive approach and to work with their bipartisan counterparts on this committee to address the concerns raised during the markup in order to further develop these bills.”

Responding to criticism from his colleagues who felt they did not have enough time to review the bills, Buck said that “it is a common objection” but that “the ideas in the bill have been summarized in reports written last October “.

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Lots of Extra Unmarked Graves of Indigenous Kids Present in Canada

CALGARY, Alberta – The remains of 761 people, mostly indigenous children, were discovered on the grounds of a former school in Saskatchewan province, a Canadian indigenous group announced Thursday, rocking a nation that has been experiencing widespread and systematic abuse for generations by indigenous people.

The biggest discovery to date came weeks after the remains of 215 children were found in unmarked graves on the grounds of another former boarding school in British Columbia.

Both schools were part of a system that took indigenous children in the country, some by force, from their families over a period of around 113 years and placed them in boarding schools, where they were not allowed to speak their language.

A national truth and reconciliation commission established in 2008 to investigate, expose and document the history and consequences of boarding schools called the practice “cultural genocide”. Many children never returned home and their families were given vague or no explanations about their fate. Canada had approximately 150 boarding schools and an estimated 150,000 Indigenous children attended the schools between their opening in 1883 and their closure in 1996.

It is unclear how the children died in the church schools that were ravaged by disease outbreaks a century ago, and where children were exposed to sexual, physical and emotional violence and violence. Some former students of the schools have reported that the bodies of infants of girls who were impregnated by priests and monks were cremated.

The commission estimates that around 4,100 children are missing in schools across the country. But an indigenous former judge who headed the commission, Murray Sinclair, said in an email this month that he now believes the number is “well over 10,000”.

The discovery in Saskatchewan was made by the Cowesss First Nation at the Marieval Indian Residential School, about 87 miles from the provincial capital, Regina.

“There was always talk, speculation, and stories, but seeing that number – it’s a pretty significant number,” said Bobby Cameron, head of the Federation of Sovereign Indigenous Nations, the provincial association of indigenous groups. “It’s going to be difficult and painful and heartbreaking.”

He added, “This is what the Catholic Church in Canada and the then government of Canada forced upon our children.”

For Canada’s 1.7 million Indigenous citizens, who make up approximately 4.9 percent of the population, the discovery is a haunting reminder of centuries of discrimination and abuse that resulted in intergenerational trauma for boarding school survivors and their families.

It’s also a strong endorsement of their testimonies. While recent evidence has increased awareness of the subject, Indigenous peoples’ oral traditions had indicated for decades that thousands of children had disappeared from schools but were often met with skepticism. “There’s no denying it: all of our survivors’ stories are true,” said Chief Cameron.

The latest evidence is likely to deepen the country’s debate over its history of indigenous peoples exploitation and bring attention back to the horrors of schools, a flaw in the history of Canada, a country that has often, fair or not, been perceived as a bastion of progressivism and multiculturalism.

In September 2017, Prime Minister Justin Trudeau acknowledged the past “humiliation, neglect and mistreatment” of the country’s indigenous people and vowed to improve the lives of the country’s indigenous people in a speech to the United Nations General Assembly. The recent discoveries will put pressure on him to accelerate these efforts, which many indigenous people complain have been neglected.

When Mr. Trudeau took office in 2015, he made the 94 recommendations of the National Truth and Reconciliation Commission a top priority. But progress has been slow, in part because some of them are beyond the control of the federal government. The Indian Act, a nineteenth-century set of laws governing the lives of indigenous peoples, remains in place despite Trudeau’s promise to transform it into a new system under their control. Chief Cameron and several other Indigenous leaders hope that discovering the children’s remains will speed the process.

The remains of the 215 children were discovered using ground penetrating radar at the Kamloops Indian Residential School in British Columbia. Similar to an MRI scan of the body, the technology creates images of anomalies in the ground.

An official with the Federation of Sovereign Indigenous Nations said the latest analysis, based on the same technology, began about three weeks ago, not long after the Tk’emlúps te Secwépemc First Nation announced preliminary results on the Kamloops School.

The search at Kamloops School continues, and First Nation leaders said they expected the number to continue to spike.

When the commission tried to investigate the issue of missing indigenous children, the then Conservative government rejected its request for funds to fund searches. Since Kamloops was discovered in late May, several Canadian governments have offered to pay for the searches.

On Tuesday, the federal government announced that it would allocate just under $ 4.9 million Canadian dollars (about $ 3.9 million) to indigenous communities in Saskatchewan to search for graves. The provincial government had previously pledged Canadian dollars ($ 1.6 million).

In a statement, Saskatchewan Prime Minister Scott Moe predicted the remains of more children would be found elsewhere. “Unfortunately, other First Nations in Saskatchewan will experience the same shock and despair as the search for graves continues,” he wrote.

Like Kamloops, Marieval School, which opened in 1899, has been run by the Roman Catholic Church for the Canadian government for most of its history. A marked cemetery still exists on the site of the school, which was closed in 1997 and then demolished. The commission, based on testimonials from former students and archive materials, listed the Marieval School as a likely location for unmarked graves.

The commission asked for a papal apology for the role of the church, which ran about 70 percent of the schools. (The rest were led by Protestant denominations.) But despite a personal appeal from Mr. Trudeau to the Vatican, Pope Francis has still not taken this step. In contrast, the leadership of the United Church of Canada, the largest Protestant denomination in the country, apologized in 1986 for its role in running the schools.

Former Saskatchewan residential school students have been particularly active in litigation against the government that led to financial settlements and the establishment of a commission that over six years heard more than 6,700 witnesses testify.

Since the Kamloops announcement, Chief Cameron said he has toured the province where agriculture and mining are major industries and looked at former school sites.

“You can see with the naked eye the indentation in the floor where these corpses can be found,” he said of some places. “These children are sitting there waiting to be found.”

Vjosa Isai contributed to the research.

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Visa to purchase Swedish fintech start-up Tink

Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019.

Andrew Harrer | Bloomberg | Getty Images

LONDON — Visa agreed Thursday to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion), in a deal aimed at bolstering the payment giant’s digital ambitions.

The deal comes after Visa’s bid to buy Plaid, an American rival to Tink, was torpedoed by U.S. regulators. Plaid has since opted to go it alone as an independent company, and was last privately valued by investors at $13.4 billion.

Both Plaid and Tink operate in a nascent space known as opening banking, which calls on lenders to provide third-party firms with access to coveted consumer banking data, provided they’ve got consent. The space has flourished in Britain and the EU thanks to new regulation.

“Visa is committed to doing all we can to foster innovation and empower consumers in support of Europe’s open banking goals,” Al Kelly, Visa’s CEO, said in a statement.

Tink co-founders Daniel Kjellén and Fredrik Hedberg.

Tink

“By bringing together Visa’s network of networks and Tink’s open banking capabilities we will deliver increased value to European consumers and businesses with tools to make their financial lives more simple, reliable and secure.”

Founded by Swedish entrepreneurs Daniel Kjellén and Fredrik Hedberg in 2012, Tink initially started out as a financial management app but later pivoted to focus on providing its technology to other businesses instead.

Tink’s technology lets banks and fintech firms access banking data to create new financial products. The Stockholm-based company was last privately valued at 680 million euros. It has raised more than $300 million from investors including PayPal, SEB and ABN AMRO.

Visa’s acquisition of Tink is the latest in a wave of consolidation efforts in the massive payments industry. The company had tried to buy Plaid last year, but ultimately abandoned the takeover after the U.S. Department of Justice sued to block it on antitrust grounds.

The deal with Tink is subject to regulatory approvals and other customary closing conditions, Visa said, adding it will be financed solely with cash and won’t impact the company’s stock buyback program or dividend policy.

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N.Y. State of Emergency Ends Thursday. Booze to Go to Finish With It.

The state of emergency in New York will end on Thursday, Governor Andrew M. Cuomo said on Wednesday. And with that, the freedom restaurants and bars had to deliver and sell alcoholic take-away beverages disappears.

The official end of the state of emergency comes just over a week after Mr Cuomo eased most of the state’s remaining restrictions, welcome signs that the state is steadily returning to normal after more than 53,000 virus-related deaths. Suddenly stopping the freer selling of alcohol can be a boon to liquor stores as it amazes the bars and restaurants that have relied on the business they generated to weather the pandemic.

“Legislators have failed to codify the ability of restaurants to offer take-away alcohol,” the New York State Liquor Authority said in an emailed statement, referring to take-away liquor extension laws that were state lawmakers failed to respond before the end of their session this month. “With the state’s declaration of emergency expiring Thursday, all pandemic-related suspensions and instructions, including privileges that allow bars, restaurants, and manufacturers to sell take-away drinks, will end after June 24.”

(Bill Crowley, a spokesman for the agency, noted that bars and restaurants could continue to deliver and sell take-away beer, just as they did before the pandemic.)

The Distilled Spirits Council, a trade association promoting the sale of take-away alcohol, said 15 states had passed laws to make them permanent and that 12 had extended the deadline for such sales.

Lisa Hawkins, a council official, expressed dismay that New York had closed the practice. “It is shocking and utterly disappointing that this important source of revenue for New York’s hospitality industry is about to dry up,” she said in an email.

Andrew Rigie, the executive director of the New York City Hospitality Alliance, an association that represents restaurants, bars, and nightclubs, said many owners thought that take-away alcohol would be allowed at least until July 5, when the last in one A number of extensions to the free sale authorization have expired.

Customers who have become used to the convenience of takeaway tequila, daiquiris and walkaway wine may also be surprised, Mr Rigie said in an interview. “It’s a shame that state lawmakers have failed to continue to support local restaurants and continue to offer very popular politics to New Yorkers,” he said.

But with restaurants and bars back to full capacity and more than 70 percent of adults in the state having received at least one dose of a vaccine, some New York restaurateurs hailed the change, which they hope will continue to motivate customers to spend time and money on site.

“I want people to come in now, order food and enjoy the venue,” said Michael Trenk, managing partner of Baylander Steel Beach Bar and Restaurant, which is located on a decommissioned aircraft carrier docked at West Harlem Piers. “I don’t want you to just come in, buy a drink and leave.”

Mr Cuomo declared a state of emergency on March 7, 2020 as New York City became one of the hardest hit places in the world. In mid-March, when he restricted restaurants and bars to take-away and delivery, the New York State Liquor Authority granted “new privileges outside of the store”, ie drinks to take away.

Virus numbers in the city declined by the fall, but the state saw a new surge in cases around the holidays and was still reporting a high rate of new cases until relatively recently. Buffalo and other cities have also struggled to contain outbreaks. Vaccinations have helped radically increase the state’s case numbers.

At a press conference on Wednesday, Mr. Cuomo said, “The emergency is over. It’s a new chapter. “

He said federal guidelines advising people to continue wearing masks in many situations when not vaccinated and on public transportation and in facilities such as homeless shelters, even if vaccinated, would remain in place, and that state and local health authorities would be able to ensure that the precautions are followed. He urged New Yorkers to remain “cautious and vigilant” about the virus, noting that many still needed vaccination, especially young people.

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S&P 500 rises for a 3rd day as comeback rally continues

U.S. stocks rose on Wednesday led by energy shares, as the market’s comeback rally extended into a third day.

The S&P 500 gained 0.1% for a third straight positive day, sitting 0.16% from an all-time high. The Dow Jones Industrial Average last traded near the flatline. The Nasdaq Composite was 0.25% higher and reached an intraday record earlier Wednesday after closing at a fresh high in the previous session.

Energy names including Exxon Mobil and Chevron climbed as oil prices continued to rise. Brent crude topped $75 a barrel to hit a two-year high on Wednesday. Diamondback Energy and Occidental Petroleum jumped about 4% each.

Many major technology names also traded in the green. Tesla jumped 4.5%, while Netflix gained over 1%. Facebook and Alphabet also traded higher.

The S&P 500 has risen 2% this week, bouncing back from a sell-off last week triggered by the Federal Reserve’s surprise policy shift. The central bank projected much higher inflation for the year than previously, while signaling two rate increases as soon as 2023.

For June the S&P 500 and Nasdaq Composite are in the green, rising 1.2% and 4%, respectively. The Dow, however, is in the red for the month amid weakness in Caterpillar and JPMorgan.

“Stocks are facing a full count setup in the second half,” said Craig Johnson, chief market technician at Piper Sandler. “Risk for tighter monetary policy appears to growing along with uncertainty over market leadership, the trajectory of the economic recovery, and the sustainability of inflation. This backdrop will likely create some volatility curveballs, but not strikeouts for the secular bull market.”

Fed Chairman Jerome Powell testified before a special House panel on Tuesday, which appeared to lift sentiment as he reiterated that inflation pressures will be temporary.

Powell cited airline tickets, hotel prices and lumber along with generally surging consumer demand pumping up an economy that a year ago faced substantial government-imposed restrictions in the early days of the pandemic. Those factors, he said, should “resolve themselves” in the coming months.

“They don’t speak to a broadly tight economy and to the kinds of things that have led to higher inflation over time,” he told the House Select Subcommittee on the Coronavirus Crisis.

Bitcoin staged an impressive comeback on Tuesday that was carrying through on Wednesday. On Tuesday, the cryptocurrency at one point dipped below $30,000 and erased its gains for 2021. But bitcoin ultimately recouped all of the more than 11% loss and finished the session in positive territory, according to data from Coin Metrics.

At last check, bitcoin was up another 4% to above $34,000 on Wednesday.

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China’s Crackdown on Hong Kong

In the year since China passed a sweeping national security law for Hong Kong, the mainland government has steadily tightened its grip on the city, quashing the pro-democracy movement.

Officials said they would censor Hong Kong films that they considered a threat to Beijing’s sovereignty, a sharp slap to the city’s artistic spirit. In March, Pro-Beijing lawmakers called for work by the dissident artist Ai Weiwei to be barred from a museum. Courts have sentenced pro-democracy activists to prison. And last week, the police raided Apple Daily, the biggest openly pro-democracy newspaper in the city, arrested its top editors and froze its bank accounts. Today, the newspaper said it would close this week.

Vivian Wang, who covers Hong Kong for The Times, updates us on the situation.

Claire: Last time we talked with you about Hong Kong in this newsletter was in March. What’s happened since?

Vivian: A lot has changed, but all in line with a general trend: increasingly harsh, and overt, suppression of the rights that made Hong Kong different from mainland China. An annual vigil on June 4, to commemorate the 1989 Tiananmen Square Massacre against pro-democracy protesters in Beijing, was banned.

Tell us about China’s involvement in Hong Kong’s elections.

China has overhauled Hong Kong’s election system. Before anyone can run for office, they will have to pass a screening committee set up by Beijing. The central government had gotten worried that pro-democracy residents were going to try to sweep the upcoming legislative elections. So Beijing passed another top-down order, as it had with the security law.

There are a few major changes. Only “patriots,” defined by a screening committee, will be allowed to run for office.

Also, in the past, half of the seats in the legislature were directly elected (the other half were reserved for representatives of industry groups, often dominated by pro-Beijing candidates). Now, less than a quarter will be directly elected.

Many pro-democracy leaders are in prison. What does that mean for the movement?

Those sentenced range from some of the most veteran pro-democracy leaders to people in their 20s who had been considered the next generation. The government is sending a message: Anyone who becomes too prominent, or too vocal, is putting themselves at risk. These figures were definitely important in boosting public morale and giving people someone to rally around.

On a logistical level, this may not change much. There basically haven’t been any protests or organized pro-democracy events in the past year, and the pro-democracy political parties are limited in what they can do, especially with the new election system.

You mentioned censorship. What does that mean for pop culture in Hong Kong?

Hong Kong has historically had a strong film industry, and it’s been trying to turn itself into an arts hub. But with the new rules around movie censorship, and other recent attempts to get artwork banned from museums, it’s hard to imagine how the city could keep up the reputation it wants.

There are still attempts to keep Hong Kong’s cultural world alive, notably through independent bookstores. But the mainland Chinese market is so big that many creators, especially in the corporate world, don’t want to alienate it. That will probably mean a shrinking space for anything critical.

What’s the mood inside the pro-democracy movement?

It’s still bleak. Some people say protesters will come out again when the pandemic fully ends and social distancing rules can’t be used anymore to ban public assembly. But many people I talk to say they are really scared.

For more: A 23-year-old protester is the first person charged under the security law to stand trial. He could face life in prison.

  • With almost all in-person ballots counted, Eric Adams was leading in the Democratic primary for New York City mayor. Maya Wiley was second.

  • Andrew Yang, the former presidential candidate, conceded.

  • These results are not final, and we may not know the winner for weeks. The city still has to count absentee ballots, as well as the ranked-choice votes. (New Yorkers could rank up to five candidates in order of preference.)

  • For more: A detailed map of how people voted, takeaways and the latest vote count.

Amazon bills its annual Prime Day as a “holiday.” For many of the company’s workers, it’s miserable, Alex Press writes in Jacobin.

The case surrounding Britney Spears’s conservatorship is back in court today, and The Times has obtained court records that provide a rare view of her perspective. Spears will address the court directly, although it’s unclear if she will make her remarks in public.

The conservatorship, which started in 2008, restricts Spears’s rights, prohibiting her from making most decisions. Her father, Jamie Spears, is the steward of her roughly $60 million fortune. Among the findings in the records: Spears, now 39, could not make friends or restain her kitchen cabinets without the approval of her father.

Conservatorships are supposed to be a last resort for people who cannot take care of themselves, such as older people with dementia. Spears’s case has drawn public scrutiny in part because she has regularly performed over the past decade.

Spears’s father and others involved in the conservatorship have maintained that it is a smooth-running machine that rescued the star after public struggles and concerns about her mental health. But the court records tell a different story: Spears has pushed for years to end the conservatorship. It “comes with a lot of fear,” she said.

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High shareholder Data Edge on the preliminary public providing

A Zomato Delivery boy adjusts a grocery order in his delivery bike amid the Covid-19 (Coronavirus) pandemic on November 8, 2020 in New Delhi, India.

Nasir Kachroo | NurPhoto | Getty Images

Indian internet company Info Edge has no plans to sell its entire stake in Zomato if the grocery delivery startup goes public, a senior executive said.

Zomato filed for an initial public offering of up to Rs. 82.5 billion ($ 1.1 billion) in April, in which the company will issue new shares valued at up to Rs. 75 billion. The company plans to use the proceeds to fund organic and inorganic growth initiatives, which may include mergers or acquisitions.

Info Edge, the startup’s largest shareholder, will sell shares valued at up to 7.5 billion rupees ($ 101 million), the company said in an IPO in April.

“We continue to invest in Zomato, we will not sell our entire stake,” said Chintan Thakkar, CFO and Executive Director at Info Edge, told CNBC’s Street Signs Asia on Tuesday.

Zomato participants

Info Edge was the first institutional investor to support Zomato and, according to Thakkar, currently holds around 17% of the shares in the start-up. Other shareholders include rideshare giant Uber, Alibaba subsidiary Ant Group and Singapore state investor Temasek.

“What we announced is that we could hit up to $ 100 million,” he said, referring to the number of Zomato shares Info Edge could sell. “We still have the option of not paying even $ 100 million.”

“Most of our stake will likely stay in Zomato, so we will keep investing in it,” said Thakkar.

Thakkar didn’t want to reveal when Zomato’s IPO could take place.

He said anything Info Edge receives from the offering will be added to existing funds that are likely to be used in the company’s operations and can be used to buy or acquire a strategic minority stake in potential midsize companies.

Info Edge will primarily deal with technology startups or “anything that has a sizeable market and can disrupt the existing market,” he added.

India’s fragmented food delivery scene

Together with rival start-up Swiggy, Zomato dominates the US $ 4.2 billion grocery delivery market in India, which is highly competitive but also very fragmented.

In its prospectus, Zomato said it faces intense competition from chain restaurants that have their own online ordering platforms. Other competitors are cloud kitchens and restaurants that operate their own delivery fleets, as well as offline orders over the phone.

The company also said the pandemic had a significant impact on business last year as most restaurants were temporarily closed and many customers were unwilling to order outside food. Zomato said its restaurant service income was also severely impacted.

In February, Zomato said it raised $ 250 million from donors like Tiger Global Management and Fidelity. That was months after a $ 660 million financing round closed.

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Vatican Expresses Deep Reservations Over Homosexual Rights Invoice in Italy

“If it’s a concern for the Holy See, it is certainly a concern for each of us,” said Cardinal Kevin Joseph Farrell, Prefect of the Vatican Office for Laity, Family and Life, when asked about the letter at a press conference on Tuesday. “And a concern that we naturally agree with.”

An official at the Vatican State Secretariat said the letter was not detailed but referred to an article in the Lateran Treaty that clearly assured the church of religious freedom in the practice and teaching of its beliefs. He said the proposed law, if passed that way, would trample on those rights.

The official, who spoke on condition of anonymity because he was not empowered to discuss the contents of the letter, said that while the Vatican had frequently sent such letters after laws were passed, in this case it had decided early on during to intervene in the legislative process, to try to stop it. According to the official, the Vatican saw itself in its rights to do this in view of the terms of the contract.

According to the Vatican’s interpretation of the law, only admitting men to the priesthood, restricting marriage to one man and woman, and refusing to teach gender theory in Catholic schools would be viewed as discriminatory and a crime. When asked why the Vatican has not intervened so heavily in other countries that have passed similar laws, the official said the proposed law, as far as the Vatican understood, went further than elsewhere.

The letter addressed to the Italian government affirmed that in the long tradition and teaching of the Church, differences between the sexes are critical and that recognition of these differences is not discrimination but part of their belief system. He added that the treaty guarantees that the church has the right to practice and teach this difference in Italy.

On November 4, the Italian Lower House of Parliament approved a bill to add anti-LGBT motives to an existing law, making discrimination, violence or incitement based on a person’s race or religion a criminal offense punishable by up to four years in prison can be. In order to increase awareness and sensitivity of the issue, the law also provides for a national day to raise awareness of the dangers of anti-LGBT violence, including in schools.

Most Western European democracies have implemented similar laws, but in Italy their passage in the Senate met with opposition from Catholic associations, right-wing politicians and even some feminist groups.

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Bitcoin sell-off intensifies because the crypto falls under $30,000 degree, turns unfavorable for the 12 months

The slump for bitcoin intensified on Tuesday as the leading cryptocurrency fell below the key $30,000 level and turned negative for 2021.

At its low of the day, Bitcoin fell more than 11% to about $28,911, below the $29,026 level where it ended 2020, according to Coin Metrics.The cryptocurrency was last down more than 9% to $29,410.30, according to Coin Metrics.

Technical analysts had been watching the $30,000 level as a key support level on the charts after the cryptocurrency had fallen to near that low during its May crash. The analysts, who study charts to make buying and selling decisions, believe the next level to watch for support could now be as low as $20,000.

Now that it is approaching $29,000, the price of bitcoin is threatening to turn negative for the year.

Galaxy Digital CEO Mike Novogratz said on CNBC’s “Squawk Box” that bitcoin could still rebound after Tuesday’s move but there was significant downside to the next support level.

“$30,000, we’ll see if it holds on the day. We might plunge below it for a while and close above it. If it’s really breached, $25,000 is the next big level of support,” Novogratz said. “Listen, I’m less happy than I was at $60,000 but I’m not nervous.”

Bitcoin has been struggling to reclaim its highs from earlier in the quarter. It fell dramatically in May following some market-moving tweets by Elon Musk about bitcoin-related environmental concerns, and then even further in early June around fears of the cryptocurrency’s use in the Colonial Pipeline ransomware attack.

It’s been on a rollercoaster ride since then, battered by a stream of headlines out of China, where regulators have imposed new restrictions on energy-intensive mining and ordered financial institutions like Alipay to stop doing business with crypto companies. The price briefly touched $40,000 last week and fell again Monday.

With Tuesday’s losses, bitcoin has slid about 54% from its all-time high of more than $64,000 in mid-April, taking other cryptocurrencies along with it. Ether fell 8% and dogecoin is dropping more than 16%.

Significant pullbacks have happened before in the cryptocurrency market, with bitcoin falling about 80% from its late 2017 highs at one point. Professional crypto investors have warned that the space should continue to be volatile in the years ahead.

“The only guarantee with the cryptocurrency space is volatility and obviously, that’s what we have right now,” Fairlead Strategies founder Katie Stockton told CNBC. “It’s not new, we’ve had days like this before, it’s just a matter of navigating through this noise.”

Crypto investment product providers, such as CoinShares, Grayscale and Bitwise, are experiencing their sixth consecutive weeks of outflows, though some providers are seeing inflows, according to CoinShares. Bearish sentiment is more focused on bitcoin, with outflows for the week totaling $89 million.

Novogratz also noted that despite previous pullbacks, crypto market infrastructure is only becoming more mature, which has helped usher in more institutional support over the past year, with major hedge fund managers, pension funds and banks jumping into crypto, while registered investment advisors seek ways to get clients exposure to cryptocurrencies in ways that are compatible with their current workflow and wait for custody banks to introduce crypto services.

The price of bitcoin rose nearly 500% between mid-September of last year and its April peak. Even with the recent decline, the cryptocurrency is still up about 150% over the past 12 months.

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Attacked and Susceptible, Some Afghans Are Forming Their Personal Armies

KABUL, Afghanistan — The slaughter of students, mostly teenagers, at a tutoring center. The deaths of young athletes in a suicide bombing at a wrestling club. Mothers shot dead with newborns in their arms.

These relentless killings of Hazaras, a persecuted minority in Afghanistan, finally proved too much to bear for Zulfiqar Omid, a Hazara leader in the central part of the country.

In April, Mr. Omid began mobilizing armed men into militias to defend Hazara areas against the Taliban and the Islamic State affiliate in Afghanistan. He said he now commands 800 armed men at seven staging areas mustered into what he calls “self-protection groups.”

“Hazaras get killed in cities and on highways, but the government doesn’t protect them,” Mr. Omid said. “Enough is enough. We have to protect ourselves.”

As U.S. and NATO forces withdraw from Afghanistan, and talks falter between the Taliban and the American-backed government, ethnic groups across the country have formed militias or say they plan to arm themselves. The rush to raise fighters and weapons evokes the mujahedeen wars of the early 1990s, when rival militias killed thousands of civilians and left sections of Kabul in ruins.

A concerted and determined militia movement, even if nominally aligned with Afghan security forces, could fracture the unsteady government of President Ashraf Ghani and once again divide the country into fiefs ruled by warlords. Yet these makeshift armies may eventually serve as the last line of defense as security force bases and outposts steadily collapse in the face of a fierce onslaught of attacks by the Taliban.

Since the U.S. troop withdrawal was announced in April, regional strongmen have posted videos on social media showing armed men hoisting assault rifles and vowing to fight the Taliban. Some militia leaders fear the flagging peace talks in Doha, Qatar, will collapse after foreign troops depart and the Taliban will intensify an all-out assault to capture provincial capitals and lay siege to Kabul.

“For the first time in 20 years, power brokers are speaking publicly about mobilizing armed men,” the Afghanistan Analysts Network, a research group in Kabul, wrote in a June 4 report.

Hazaras have the most to fear from a return to power by the Taliban, which massacred thousands of the predominately Shiite group when the Sunni Muslim militants governed most of Afghanistan from 1996 to 2001. The Taliban consider Hazaras heretics.

The most prominent Hazara militia commander is Abdul Ghani Alipur, whose militiamen in Wardak Province, a mountainous area that borders Kabul, have clashed with government forces. Mr. Alipur had been implicated in the shooting down of a military helicopter in March. In an interview, he denied any involvement, although an aide said at the time that Mr. Alipur’s militiamen had shot at the aircraft.

“If we don’t stand up and defend ourselves, history will repeat itself and we will be massacred like during the time of Abdul Rahman Khan,” Mr. Alipur said, referring to the Pashtun “Iron Emir” who ruled in the late 19th century, massacring and enslaving Hazaras. Afghan folklore says he displayed towers built from severed Hazara heads.

“They forced us to pick up guns,” Mr. Alipur said of the government, which has failed to protect Hazaras. “We must carry guns to protect ourselves.”

Over the past two decades, Hazaras have built thriving communities in west Kabul and in Hazarajat, their mountainous homeland in central Afghanistan. But with no militias of their own, they have been vulnerable to attack.

Hazara demands for an army escalated after up to 69 schoolgirls were killed in a bombing in Kabul on May 8. Less than a month later, three public transport minivans were bombed in Kabul’s Hazara neighborhoods, killing 18 civilians, most of them Hazara. Among them was a journalist and her mother, the police said. Since 2016, at least 766 Hazara have been killed in the capital alone in 23 attacks, according to New York Times data.

“Tajik have weapons, Pashtuns are armed,” said Arif Rahmani, a Hazara member of Parliament. “We Hazaras must also have a system to protect ourselves.”

Mahdi Raskih, another Hazara member of Parliament, said he had counted 35 major attacks against Hazaras in recent years — a campaign of genocide, he said. He said he had lost patience with government promises of protection for Hazara schools, mosques and social centers.

“If they can’t provide security, be honest and admit it,” Mr. Raskih said. “People believe the government feels no responsibility for them, so our people must pick up guns and fight.”

Hazara soldiers, police and intelligence officers have quit or have been forced out of the security forces because of discrimination, Mr. Raskih said, providing militias with a valuable source of trained men. Many Hazara politicians, including Mr. Ghani’s second vice president, Sarwar Danesh, have called on the government to stop what they call a genocide of Hazaras. Hundreds of Hazaras have taken to Twitter, at #StopHazarasGenocide, to demand government protection.

Even as some Hazaras mobilize, some Tajik and Uzbek groups never completely disbanded the militias that helped U.S. forces topple the Taliban in 2001. Other ethnic commanders have recently begun forming militias as the Taliban continue to overrun government bases and outposts.

Many of these power brokers are locked in an enduring struggle with the Ghani administration, vying for control, while trying to gain the upper hand in a post-withdrawal Afghanistan.

Nationally, one prominent leader to maintain a militia is Ahmad Massoud, 32, son of Ahmad Shah Massoud, a charismatic commander of the Northern Alliance that helped U.S. forces rout the Taliban in late 2001.

Ahmad Massoud has assembled a coalition of militias in northern Afghanistan. Calling his armed uprising the Second Resistance, Mr. Massoud is purportedly backed by a few thousand fighters and about a dozen aging militia commanders who fought the Taliban and the Soviets.

Some Afghan leaders say Mr. Massoud is too inexperienced to effectively lead an armed movement. But some Western leaders view him as a valuable source of intelligence on Al Qaeda and Islamic State groups inside Afghanistan.

Elsewhere, the roll call of regional leaders who appear to be mobilizing reads like a who’s who of the country’s civil war in the 1990s. But their forces are nowhere near as commanding now.

The brutal Uzbek strongman, Gen. Abdul Rashid Dostum, has long maintained a private army of thousands from his base in Jowzjan Province. General Dostum, who has been accused of war crimes and sodomizing an Uzbek rival with an assault rifle, would nonetheless be a central figure in any armed uprising against the Taliban.

Another power broker whose actions are being watched closely, Atta Muhammad Noor, is a former warlord and commanding figure in Balkh Province, which includes Afghanistan’s commercial hub, Mazar-i-Sharif. He said on Tuesday that he would mobilize his militia forces alongside government troops to try to retake territory that had fallen to the Taliban in recent days after the insurgents’ rapid offensive in the north.

In Herat Province in the west, the former Tajik warlord Mohammed Ismail Khan, another Northern Alliance commander who helped defeat the Taliban, recently broadcast a raucous gathering of armed men on his Facebook page.

Mr. Khan told supporters that a half-million people in Herat were poised to take up arms to “defend you and keep your city safe” — a clear signal that he intended to mobilize his militia if peace talks between the Afghan government and the Taliban collapsed.

Also in Herat, Kamran Alizai, a Pashtun who leads the provincial council, said he commanded a large number of armed men ready to mobilize at a moment’s notice.

“I don’t want to tell you how many armed people I have, but everyone is armed in Afghanistan,” Mr. Alizai said.

If government forces were unable to hold Herat, he said, “We will stand by them and fight the Taliban.”

The Afghanistan Analysts Network reported that Abdul Basir Salangi, a former militia commander and an ex-police chief in Kabul, said in a speech in January that militias were forming in the Salang district in north-central Afghanistan in case talks collapsed. “Such talk has become more blatant since the U.S. troop withdrawal announcement,” the report said.

For Hazara militias, a wild card are thousands of Hazara former fighters of the Fatemiyoun Division, trained by Iran and deployed to Syria in 2014 through 2017, ostensibly to protect Shiite Muslim religious sites from the Sunni Muslim-dominated Islamic State. Others were sent to Yemen to fight alongside Houthi rebels against the Saudi-backed government.

Many Fatemiyoun fighters have returned to Afghanistan, raising fears they will be incorporated into Hazara militias, providing Iran a proxy force inside the country. But analysts and Hazara leaders say former Fatemiyoun have been turned away because of their Iranian ties and potential prosecution by the Afghan government.

In Kabul, many Hazaras say they are ready to take up guns. Mohammad, a shopkeeper who like many Afghans goes by one name, said he crossed a ditch flowing with blood when he ran from his shop to help after explosions rocked the neighboring Sayed Ul-Shuhada high school on May 8, killing the dozens of schoolgirls as they left for home.

“I’m 24, and there have been 24 attacks in my lifetime” against Hazaras, he said. In May 2020, he said, he was visiting his pregnant mother in a maternity ward when gunmen killed 15 people, including mothers cradling newborns.

Mr. Mohammad said several of his friends have recently joined militias led by Mr. Alipur and Mr. Omid.

“If this situation continues,” he said, “I’ll pick up a gun and kill whoever kills us.”

Asadullah Timory contributed reporting from Herat Province, Farooq Jan Mangal from Khost Province and Taimoor Shah from Kandahar Province.