International

New York plans a law to limit the addictive network algorithm for minors

New York is preparing to approve a pioneering bill to restrict the absorbing algorithm of social networks for minors, considering that the content they provide is as addictive and harmful as tobacco or gambling.

State legislators have already given it the green light and now only the signature of Governor Kathy Hochul is missing.

“It’s crazy that the internet is not regulated for children. The last time we did something was literally the last century,” the 38-year-old Democratic state senator who has promoted this project, Andrew Gounardes, tells EFE.

The measure does not seek to eradicate the networks themselves in New York, but its recommendation algorithm system that shows the user tirelessly the content that the platform thinks it wants to see – according to its information and history. Therefore, the legislators propose that it be replaced by a system of publications in chronological order, such as the one that existed when the networks were launched.

The final objective of Gounardes – which had the support of the two parties – is to make minors spend less time glued to the phone, but without intervening in what they can see, since content cannot be prohibited without interfering in the first amendment of the Constitution, which protects the rights to freedom of expression.

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The idea of Gounardes, who has two young children, is that the under 18-year-old can only see the following content: “The one that his friends, his family, Taylor Swift’s fan page publish…, but not a constant loop of information designed to absorb it in an increasingly deep burrow.”

Andrew Gounardes met with teachers, teenagers and parents to create this bill and heard desolate stories, such as that of a family whose 16-year-old son, who was struggling with depression, committed suicide. His TikTok home page showed how the network had led him to increasingly depressive content, to the point of showing him “recipes for self-injury or suicide.”

For the state senator it is not about having a greater willpower: “They are the same arguments that people made about cigarettes: ‘If you had more self-control, you could stop smoking’. That’s not true, we know that cigarettes are not (only) nicotine, it is a chemical dependence that is formed in you and that makes you addicted.”

Idea that the general surgeon and highest health authority of the country, Vivek Murthy, agrees, who advocated this week to introduce mental health warnings on social networks, similar to those on tobacco packs or alcohol bottles.

New York senators also met with the technology giants – Google, Meta, TikTok Snapchat, among others – to make sure that they can fulfill their requests on social networks.

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Despite the fact that the Titans collaborated with politicians, Gounardes assures that they have “11 billion reasons not to want to change the status quo,” referring to the money earned in 2022 by the six largest social media companies for the sale of advertising to children.

Now the bill awaits the signature of Kathy Hochul, who celebrated in the approval of the legislators in X and, according to Gounardes, could sign the document this week.

Then the process would take a year to implement, since the state attorney general, Letitia James, who has also been in favor of the measure, will have to draft the regulations on the bill and New York would give companies a time margin of one year to comply with the law.

When it is in operation, the network that breaches the law would have 30 days to correct the problem or face fines of up to $5,000 per minor user.

“California and Virginia have copied (the project) and we hope that this can soon become the national model,” Gounardes concludes.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.