The Balanced Economy Project is a global organisation dedicated to protecting democracy and tackling excessive economic & financial power.

Joined March 2021
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Why does a #FIFAWorldCup final ticket start at $4,185? Our new report exposes how monopoly power is pricing fans out as we have the World Cup in the Americas #Football #FIFA #FanRights balancedeconomy.org/latest/t…
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NYU prof explaining that to keep the company afloat with $80 billion in new debt, Paramount doesn't need to cut $6 billion, they need to cut *$24 billion*
"This is not just a bad deal for jobs, it is a bad deal for Paramount. If this were any other company, it would fail." WATCH: Media researcher and visiting professor at NYU lays out the major red flags in the Paramount-Warner Bros. deal⬇️
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You can name them but I doubt if any will feel shame bit.ly/44aPEnn More like pride at siphoning off so much public money and keeping it themselves
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WSJ reporting making clear that DOJ decision to clear Paramount/WBD merger had nothing to do with the facts or the law and everything to do with corruption
BREAKING WSJ: The Trump Justice Department's senior leadership closed an investigation of Paramount's bid for Warner Bros. Discovery before career staffers who were concerned about the acquisition had an opportunity to object, according to people familiar with the matter. wsj.com/business/media/justi…
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The last sentence is the real meat and potatoes of this. What's being promoted as a 'social media ban for children', is really an ID check for every adult.
🚨 SUMMARY: The UK's social media ban for children from early 2027: - "User-to-user" apps where people create, share and interact with content (e.g. TikTok, Instagram, Snapchat, YouTube, X, Facebook) will be banned for under-16s - WhatsApp, Signal and YouTube Kids will be exempt - Under-16s will also be banned from livestreaming, messaging strangers on gaming apps like Discord and using disappearing messages - 16 and 17 year olds will face nightly social media curfews and limits on infinite scrolling with more details next month - AI "romantic companion" chatbots will be banned for under-18s - Adults can still access social media through age checks like facial recognition, digital IDs, passports and credit cards
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The British Government has announced plans to ban social media use for under 16's. We wrote in January that a ban is not sufficient, as what is needed is to curb the excessive powers and monopoly of Big Tech and social media companies. thecounterbalance.substack.c… #socialmediaban
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🚨BREAKING: Keir Starmer announces social media ban for under-16s “Politicians and tech companies have let children down for too long. But in a headlong rush to make up for lost time, the government is going down the wrong path.” “The British people have always, rightly, rejected mandatory ID schemes. Now the government is imposing digital ID checkpoints for the internet. This is not like Challenge 25 for alcohol. We will all face a “papers, please” demand to get online.” “Big Brother Watch would welcome evidence-led policies that offer real protection for young people. Instead, the government is mimicking much of Australia’s failed policy. A policy their own eSafety Commissioner admits has failed to keep children off social media.” “Worse, these proposals will force the public to trust their IDs to companies with serious track records of leaks and hacks.” “Targeted interventions that hold platforms to account, enforce existing laws, and give parents the tools they need are the answer. Evidence from Australia shows age bans don’t keep children off social media, they just remove the safety measures platforms put in place for them” - Jack Coulson, Head of Advocacy
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Tearing my hair out watching news today 🫠 Any journalist covering the “social media ban” but not HOW it works is miserably failing missing the story. It won’t be remembered as a policy that kept kids off SM (it won’t) - but as the policy that introduced IDs for the internet.
In reality, there is no such thing as a government ban on social media for under 16s. What does it actually mean? Mandatory ID checks on social media for every single one of us.
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Shockflation is back
US producer prices are increasing at the fastest pace since 2022.
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Feargal Sharkey brands '£100billion' cost of nationalising water 'nonsense'. Spot on. They inflate investment by capitalising part of interest, repair/maintenance cost. Govt says Thames Water is worth £21bn. KKR wouldn't pay £4bn. Nationalise water. mirror.co.uk/news/feargal-sh…
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Ruth Curtice, CEO of this privately-funded think-tank, refuses to disclose her salary and net worth. However, she claims protecting the state pension of £12k - half the living wage - against inflation is too much for the currency-issuing state to afford. The inflation they're worried about is primarily cost-push, which means rising prices are not caused by welfare spending. Basically Curtice wants to freeze pensioners' incomes during a cost-of-living crisis they haven't caused.
Over the past two decades, pensioner incomes have grown by 20 per cent, while those of working-age families have grown by just 7 per cent. Given these trends, surely it is time to include the Triple Lock in debates around stemming the growth in welfare spending? ➡️ buff.ly/FY93tV6
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Multi-millionaire Iceland boss wants to axe pension triple lock. Full UK state pension (received by 35% of pensioners) is less than 50% of minimum wage. Millions can't save for private pension 2m pensioners live in poverty. 110000 a year die in poverty. archive.ph/OIdCF
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Paramount says its merger with Warner Brothers Discovery will somehow result in *more* content. So why is it already hitting the breaks on projects *currently under development*?
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This is disgusting behaviour from Google. It is using its monopoly power to try to force creatives to let it train on their work. It is career suicide for artists not to upload to YouTube. Arguing that doing so allows Google to train AI on their videos/music - AI that competes with them - is outrageous. Whatever the Ts & Cs say.
YouTube Terms of Service Allow AI Music Training, Google Says in Copyright Lawsuit billboard.com/pro/google-you…
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Clive Lewis, said: “Democracies can change their mind - they’re sovereign. You look at other countries that have stayed well away from Palantir – France & Germany. They’ve had the same briefings every other European country has, which is to allow a company like that, with the connections it has to unsavoury political views, is asking for trouble.”
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Why does a #FIFAWorldCup final ticket start at $4,185? Our new report exposes how monopoly power is pricing fans out as we have the World Cup in the Americas #Football #FIFA #FanRights balancedeconomy.org/latest/t…
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What an absolute disgrace. A FIFA-certified referee being denied entry to the United States purely because he is Somali. The World Cup is meant to bring people together. This is racism, plain and simple. Shameful. bbc.co.uk/sport/football/art…
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True. The British press has failed today. Few journalists if any seem to grasp what this means. It’s a fundamental reshaping of modern civil liberty and the internet in the UK. Seismic loss of privacy. Millions of adults will have limited web access. In a democracy...? 🤡
Mainstream British journalists have shown zero outrage as Starmer pushes government-mandated on-device scanning of phones. This is the same government that secretly demanded encryption backdoors from Apple. No fury, no scrutiny, no defense of press freedom. Even as spyware heads into every pocket, including their own and their sources’.
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This speech is dreadful on so many levels I am left almost speechless It reads like a sales pitch for AI companies. This is a UK government minister, sounding genuinely like someone selling AI. Only at the end does it mention *one* risk AI brings: the impact on jobs. And then 2 out of the 3 solutions she offers are… teach people about AI This is government by tech company. Ministers seem totally captured by the tech industry. This is insanity
“We will back the tech and AI talent of the future through our TechFirst scheme — helping 1 million young people get the skills they need, including 400,000 pupils in the most disadvantaged schools.” Tech Secretary @leicesterliz speaking at the world’s first AI Adoption Summit
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