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The Week in Business: Facebook Filters Politics – The New York Times

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Happy Valentine’s Day. Here’s your quick rundown of the top business and tech stories to know for the week ahead, so you can spend the rest of your day eating (sorry, reading) the candy you bought for your loved ones (or yourself). — Charlotte Cowles

Giacomo Bagnara

The Biden administration’s $1.9 trillion stimulus proposal is winding its way through Congress. But many leading economists have argued that the far-reaching rescue plan is overkill and could create runaway inflation. In a speech on Wednesday, the Federal Reserve chair, Jerome H. Powell, disagreed, urging policymakers to set aside inflation fears and focus on restoring full employment. He also pointed out that the latest jobless numbers did not tell the full story of the flailing labor market. Employment for higher-wage workers has dipped 4 percent (still a lot), but the bottom quartile of earners have seen a devastating 17 percent plunge.

Capping off its starring role in the GameStop stock-buying furor, the online chat platform Reddit has raised $250 million in new funding. Now valued at $6 billion, the company intends to double its staff and expand its user base. Reddit’s message boards are not only a popular forum for stock tips these days. They have also become a major source of information and community for out-of-work Americans trying to navigate the complex unemployment benefits system during the pandemic.

The 131-year-old pancake and syrup brand officially has a new name: the Pearl Milling Company. Quaker Oats pledged to overhaul the product line, which has long faced criticism for its history of racist imagery, in the wake of widespread protests over racial injustice last June. Its redesigned packaging will appear on shelves this summer. Several other food brands that use racial images in their marketing, including Ben’s Original rice products (formerly Uncle Ben’s), Cream of Wheat cereal and Mrs. Butterworth’s syrup are undergoing similar revamps.

Giacomo Bagnara

If you’re tired of your crazy uncle’s political rants on Facebook, you may welcome this development: The social media platform is changing its algorithm to reduce political content in people’s news feeds. The new algorithm, which makes political content less prominent but does not remove it, is being tested in several countries and will expand to the United States in the coming weeks. The change comes by popular request: “One of the top pieces of feedback we’re hearing from our community right now is that people don’t want politics and fighting to take over their experience on our services,” said Mark Zuckerberg, Facebook’s chief executive. Not all political posts will be affected, however. Content from official government agencies will be exempt from the change.

Facebook may be toning down political content, but Twitter is fighting to keep it up — in India, at least. The clash began when Indian farmers took to Twitter to protest new agriculture laws. The country’s government ordered Twitter to delete or mute more than 1,100 accounts that it says have encouraged violence or spread misinformation. Twitter complied with some of those demands, but refused to remove accounts of journalists, activists and other figures who are exercising their right to criticize the government and do not violate the company’s policies. Now, the Indian government has accused Twitter of breaking its laws.

Regulators and policymakers are still trying to figure out how to react to the recent GameStop stock-trading frenzy that hijacked the market in January and damaged investors big and small. Congress will hold a hearing on the matter this week, and key players — including leaders from Reddit, the hedge fund Citadel and the stock trading platform Robinhood — have been asked to testify.

A new analysis showed that women’s participation in the U.S. labor market fell to a 33-year low in January. Women accounted for almost 80 percent of workers over the age of 19 who left the work force last month. The company Bumble, which operates a female-focused dating app, had its initial public offering on Thursday, making its 31-year-old founder, Whitney Wolfe Herd, a billionaire and the youngest woman to take a company public. The sale of the Chinese-owned social media app TikTok to Oracle and Walmart, forced by the Trump administration, has been put on hold indefinitely by the Biden administration while it reviews national security concerns.

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Political parties cool to idea of new federal regulations for nomination contests

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OTTAWA – Several federal political parties are expressing reservations about the prospect of fresh regulations to prevent foreign meddlers from tainting their candidate nomination processes.

Elections Canada has suggested possible changes to safeguard nominations, including barring non-citizens from helping choose candidates, requiring parties to publish contest rules and explicitly outlawing behaviour such as voting more than once.

However, representatives of the Bloc Québécois, Green Party and NDP have told a federal commission of inquiry into foreign interference that such changes may be unwelcome, difficult to implement or counterproductive.

The Canada Elections Act currently provides for limited regulation of federal nomination races and contestants.

For instance, only contestants who accept $1,000 in contributions or incur $1,000 in expenses have to file a financial return. In addition, the act does not include specific obligations concerning candidacy, voting, counting or results reporting other than the identity of the successful nominee.

A report released in June by the National Security and Intelligence Committee of Parliamentarians expressed concern about how easily foreign actors can take advantage of loopholes and vulnerabilities to support preferred candidates.

Lucy Watson, national director of the NDP, told the inquiry Thursday she had concerns about the way in which new legislation would interact with the internal decision-making of the party.

“We are very proud of the fact that our members play such a significant role in shaping the internal policies and procedures and infrastructure of the party, and I would not want to see that lost,” she said.

“There are guidelines, there are best practices that we would welcome, but if we were to talk about legal requirements and legislation, that’s something I would have to take away and put further thought into, and have discussions with folks who are integral to the party’s governance.”

In an August interview with the commission of inquiry, Bloc Québécois executive director Mathieu Desquilbet said the party would be opposed to any external body monitoring nomination and leadership contest rules.

A summary tabled Thursday says Desquilbet expressed doubts about the appropriateness of requiring nomination candidates to file a full financial report with Elections Canada, saying the agency’s existing regulatory framework and the Bloc’s internal rules on the matter are sufficient.

Green Party representatives Jon Irwin and Robin Marty told the inquiry in an August interview it would not be realistic for an external body, like Elections Canada, to administer nomination or leadership contests as the resources required would exceed the federal agency’s capacity.

A summary of the interview says Irwin and Marty “also did not believe that rules violations could effectively be investigated by an external body like the Office of the Commissioner of Canada Elections.”

“The types of complaints that get raised during nomination contests can be highly personal, politically driven, and could overwhelm an external body.”

Marty, national campaign director for the party, told the inquiry Thursday that more reporting requirements would also place an administrative burden on volunteers and riding workers.

In addition, he said that disclosing the vote tally of a nomination contest could actually help foreign meddlers by flagging the precise number of ballots needed for a candidate to be chosen.

Irwin, interim executive director of the Greens, said the ideal tactic for a foreign country would be working to get someone in a “position of power” within a Canadian political party.

He said “the bad guys are always a step ahead” when it comes to meddling in the Canadian political process.

In May, David Vigneault, director of the Canadian Security Intelligence Service at the time, said it was very clear from the design of popular social media app TikTok that data gleaned from its users is available to the Chinese government.

A December 2022 CSIS memo tabled at the inquiry Thursday said TikTok “has the potential to be exploited” by Beijing to “bolster its influence and power overseas, including in Canada.”

Asked about the app, Marty told the inquiry the Greens would benefit from more “direction and guidance,” given the party’s lack of resources to address such things.

Representatives of the Liberal and Conservative parties are slated to appear at the inquiry Friday, while chief electoral officer Stéphane Perrault is to testify at a later date.

After her party representatives appeared Thursday, Green Leader Elizabeth May told reporters it was important for all party leaders to work together to come up with acceptable rules.

This report by The Canadian Press was first published Sept. 19, 2024.

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New Brunswick election candidate profile: Green Party Leader David Coon

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FREDERICTON – A look at David Coon, leader of the Green Party of New Brunswick:

Born: Oct. 28, 1956.

Early years: Born in Toronto and raised in Montreal, he spent about three decades as an environmental advocate.

Education: A trained biologist, he graduated with a bachelor of science from McGill University in Montreal in 1978.

Family: He and his wife Janice Harvey have two daughters, Caroline and Laura.

Before politics: Worked as an environmental educator, organizer, activist and manager for 33 years, mainly with the Conservation Council of New Brunswick.

Politics: Joined the Green Party of Canada in May 2006 and was elected leader of the New Brunswick Green Party in September 2012. Won a seat in the legislature in 2014 — a first for the province’s Greens.

Quote: “It was despicable. He’s clearly decided to take the low road in this campaign, to adopt some Trump-lite fearmongering.” — David Coon on Sept. 12, 2024, reacting to Blaine Higgs’s claim that the federal government had decided to send 4,600 asylum seekers to New Brunswick.

This report by The Canadian Press was first published Sept. 19, 2024.

The Canadian Press. All rights reserved.

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New Brunswick election profile: Progressive Conservative Leader Blaine Higgs

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FREDERICTON – A look at Blaine Higgs, leader of the Progressive Conservative Party of New Brunswick.

Born: March 1, 1954.

Early years: The son of a customs officer, he grew up in Forest City, N.B., near the Canada-U.S. border.

Education: Graduated from the University of New Brunswick with a degree in mechanical engineering in 1977.

Family: Married his high-school sweetheart, Marcia, and settled in Saint John, N.B., where they had four daughters: Lindsey, Laura, Sarah and Rachel.

Before politics: Hired by Irving Oil a week after he graduated from university and was eventually promoted to director of distribution. Worked for 33 years at the company.

Politics: Elected to the legislature in 2010 and later served as finance minister under former Progressive Conservative Premier David Alward. Elected Tory leader in 2016 and has been premier since 2018.

Quote: “I’ve always felt parents should play the main role in raising children. No one is denying gender diversity is real. But we need to figure out how to manage it.” — Blaine Higgs in a year-end interview in 2023, explaining changes to school policies about gender identity.

This report by The Canadian Press was first published Sept. 19, 2024.

The Canadian Press. All rights reserved.

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