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Court puts order blocking Biden administration from pressing for social media content moderation on hold. The U.S. Court of Appeals for the 5th Circuit put on temporary hold an order blocking federal officials from pressuring social media companies to suppress certain accounts, posts, or types of information. “A temporary administrative stay is GRANTED until further orders of the court,” states the 5th Circuit’s order, issued Friday.

It deferred ruling on the Biden administration’s motion for a stay pending appeal “to the oral argument merits panel which receives this case,” which means those judges will decide whether to lift the current administrative stay or keep things on pause until the full appeals process plays out.

The court also expedited the case to the next available oral argument slot, meaning an appeals court panel will hold a full hearing on the case as soon as possible.

It did not elaborate on its reasoning for issuing the temporary stay.

First Amendment lawyer Robert Corn-Revere recently wrote for Reason about this case (Missouri v. Biden), suggesting that “the political noise surrounding the case is distracting attention from the important First Amendment principles at stake.”

Corn-Revere cites Judge Richard Posner in Backpage.com, LLC v. Dart: A public official who “threatens to employ coercive state power to stifle protected speech violates a plaintiff’s First Amendment rights, regardless of whether the threatened punishment comes in the form of the use (or, misuse) of the defendant’s direct regulatory or decisionmaking authority…or in some less-direct form.” (In that case, an Illinois sheriff pressured credit card companies to stop doing business with Backpage.)

A ruling that federal authorities must limit flagging online speech to encourage its suppression or removal by tech platforms should be viewed by free speech defenders as an unambiguously good thing.

But the lower court’s decision in Missouri v. Bidenthe decision now on temporary holdhas attracted a lot of criticism in some corners that should know better.

For instance, The Washington Post called the initial order “a victory for conservatives” and warned that it “could have a major chilling effect on contacts between tech companies…and a broad swath of federal agencies”as if that’s a bad thing! The Post piece, and many others, portray the ruling as something only the political right could support.

In the lower court’s ruling, U.S. District Judge Terry A. Doughty banned all Department of Justice and FBI employees plus many federal public health officials from “meeting with social-media companies for the purpose of urging, encouraging, pressuring, or inducing in any manner the removal, deletion, suppression, or reduction of content,” and “specifically flagging content or posts on social-media platforms and/or forwarding such to social-media companies urging, encouraging, pressuring, or inducing in any manner for removal, deletion, suppression, or reduction of content containing protected free speech.”

That’s a good thingeven if the motives of the parties who spurred this decision might not be so pure, and even if Doughty’s ruling was a little too credulous of their claims.

The case was brought by the Republican attorneys general (A.G.s) of Louisiana and Missouri, as part of a beef with the Biden administration over pressuring tech companies to take down some conservatives’ posts. “State A.G.s are unlikely defenders of the First Amendment given the members of that fraternity who make their political bones by mounting anti-speech crusades,” notes Corn-Revere. And on “the same day Missouri v. Biden came down, [Missouri A.G. Andrew] Bailey was one of seven state A.G.s who sent a threatening letter to Target warning that the sale of LGBTQ-themed merchandise as part of a ‘Pride’ campaign might violate state obscenity laws.”

So, Bailey is not exactly a stalwart and unwavering defender of First Amendment principles.

And Doughty’s opinion “credulously accepts plaintiffs’ claims that almost all of the contacts with government officials (and some civilians) were coercive, and it uncritically accepts assertions that ‘only conservative viewpoints were allegedly suppressed,'” notes Corn-Revere. Doughty also makes a number of other puzzling assertions in his (now on-hold) 155-page ruling.

None of this has helped “the perception that he has signed on to a side in the culture war.”

But it doesn’t mean that Doughty’s decision is totally without merits, either.

“The district court’s ruling in Missouri v. Biden rightly recognizes the serious threat government pressure tactics pose to free speech online,” as the Foundation for Individual Rights and Expression put it.

This sort of backhanded pressure on social media has come to be known as “jawboning.” Robby Soave took a deep look at the issue for Reason’s March 2023 cover story.

Perhaps the 5th Circuit’s temporary hold on the order is “the right call given the scope of the order and the many questions it raises,” suggests Corn-Revere. But “while the court of appeals should clarify and narrow the terms of the injunction, reversing it would be a mistake. It doesn’t require an active imagination to predict how far a future administration (of either party) might venture if the courts greenlighted this level of governmental meddling in private moderation decisions.”

As Posner wrote in Dart, a government body “is entitled to say what it wants to saybut only within limits.” Getting more clarity on those limits can only be good for free speech, no matter which point of the political spectrum you’re on. FREE MINDS

GOP candidate defends “limited role of government” in parental decisions for transgender kids.Reason’s Joe Lancaster offers a highlight from last Friday’s Republican Party presidential forum. The forum was presented by Blaze Media and hosted by Tucker Carlson. Carlson’s second guest was former Arkansas Gov. Asa Hutchinson, a long-shot candidate currently polling at 1 percent in a statistical tie with “Someone else.” Carlson’s first question related to Hutchinson’s 2021 veto of H.B. 1570, an Arkansas bill that would have prohibited medical professionals from providing any medical treatment to minors related to gender transitioning, including puberty blockers and gender reassignment surgeries. It also did not include a grandfather clause, meaning any minors who were on hormone therapy when the law went into effect would either have to stop or seek treatment across state lines. (State lawmakers overrode Hutchinson’s veto, but the law is currently on hold pending litigation.)

“Have you reassessed your view on it since then?” Carlson asked.

Hutchinson stood behind his decision. “What I believe in is that parents ought to raise their children,” he said. “I believe that God created genders and that there should not be any confusion on your gender. But if there is confusion, then parents ought to be the ones that guide the children.”

To be clear, Hutchinson is no progressive radical on the issue: He accused some public schools of “pushing transgenderism” and said, “If there had a been a bill that said you should not ever have transgender surgery as a minor, I would sign that in a minute, because no parent should be able to consent to that permanent change.” (Under American Academy of Pediatrics guidelines, surgery for minors should only be pursued “on a case-by-case basis” and include “multidisciplinary input from medical, mental health, and surgical providers as well as from the adolescent and family.”)

But unexpectedly for a candidate running to be the leader of the Republican Party, Hutchinson offered a qualified yet nuanced defense of transgender care for minors from the perspective of limiting the role of government and supporting the rights of parents.

“I believe in a limited role of government,” Hutchinson said. “I don’t think that California ought to be able to tell parents, ‘You need to have gender-affirming care for children.’ The government should not do that. And in the same way, let’s keep the government out of it unless it’s [an] extreme case, an let’s let parents guide the children.” FREE MARKETS

Some common sense about Diet Coke and cancer.The World Health Organization’s (WHO) International Agency for Research on Cancer (IARC) is once again warning that the widely used artificial sweetener aspartame could possibly cause cancer. Aspartame is found in many diet soft drinks and an array of other popular sugar-free goods. “But before anyone panics about whether their favorite sugar-free treat will give them cancer, it’s essential to understand what the IARC does and doesn’t do,” writes Guy Bentley, director of consumer freedom at Reason Foundation (the nonprofit that publishes this magazine): The IARC examines products and activities that may represent a cancer hazard and places them in one of four groups depending on the strength of the evidence they examine. Group 1 is carcinogenic to humans and includes cigarettesbut also hot dogs. Group 2a is probably carcinogenic and includes red meat and night shift work. Group 2b is possibly carcinogenic, and Group 3 is not classifiable.

The IARC placed aspartame in Group 2b, meaning there’s weak evidence, and they can’t say for sure whether there is, in fact, any cancer hazard. For context, pickled vegetables and aloe vera are also in Group 2b. The IARC examines cancer hazards even if they’re extremely unlikely. It doesn’t examine risk, which is what truly matters to consumers when making their everyday choices.

In conjunction with the IARC’s investigation, the WHO’s Joint Expert Committee on Food Additives (JECFA) released a recommendation on safe intake (considering all possible health risks, not just cancer risk). It concluded that its previous threshold of 40 milligrams per kilogram as an acceptable daily intake was sound.

“The average American male weighs 197.9 pounds, this translates to an acceptable daily intake of 3,588 mg of aspartame, meaning it would take around 18 diet sodas a day to surpass the JECFA’s guidelines,” notes Bentley. “Even the heaviest consumers of diet drinks come nowhere close to meeting this threshold. These guidelines are also significantly below any dosage linked to possible harm in animal studies.” QUICK HITS

Video footage released by the Los Angeles County Sheriff’s Department shows a deputy twice punching a woman in the face as she holds a small baby. Los Angeles County Sheriff Robert Luna said this was “completely unacceptable” and that the case would be sent to county prosecutors for possible criminal charges.

RIP to Anchor Steam beer, which “may have changed the course of the entire American beer industry.”

A Virginia law requiring age verification for visitors to web porn platforms is now in effect. The law led Pornhub to block access to people in Virginia, reports WTOP News, and “more people are searching for Virtual Private Networks (VPN) in Virginia than in any other state in the country, according to Google Trends.”

“Twitter has changed the settings of every user with open DMs, blocking non-Twitter Blue subscribers from messaging them,” notes Mashable.

RFK Jr. “is as he has been for his entire career a lunatic and a crank,” suggests Josh Barro. But Barro also argues that the whole idea of a Kennedy “dynasty” is “absurd.” Dynasties should be “built around good families who share positive traits, like sobriety, thrift, and public-spiritedness,” writes Barro. “The Kennedys are the opposite of this they are a cadre of reckless, womanizing, substance-abusing mediocrities of middling IQ, who have produced a staggering array of displays of bad judgment and poor character over the decades.”

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Sports

The lesson of Pete Rose and ‘Shoeless’ Joe? History is messy.

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The lesson of Pete Rose and 'Shoeless' Joe? History is messy.

Now that Major League Baseball commissioner Rob Manfred has removed Pete Rose, “Shoeless” Joe Jackson and other deceased players from the game’s “permanently ineligible list,” whatever former stars deemed deserving based on their on-field accomplishments should, at first opportunity, be inducted into the Hall of Fame.

In a bombshell, if long overdue, reversal of policy, first reported by ESPN’s Don Van Natta Jr. on Tuesday, Manfred removed bans for Rose (who bet on games while managing the Cincinnati Reds) and members of the 1919 Chicago White Sox (who fixed the World Series), among others.

After all, banishment was meaningless once they all had died — a life sentence, if you will, for whatever their transgression. Most died decades ago and were on the list for gambling-related offenses.

“Obviously, a person no longer with us cannot represent a threat to the integrity of the game,” Manfred wrote in a letter to the attorney who petitioned for Rose.

The only remaining purpose of the ban was to keep them from the immortality of being inducted into Cooperstown, which bills itself officially as the “National Baseball Hall of Fame and Museum.”

The last word is the most important.

Museums exist to tell about history, and history is always messy — including in sports. They shouldn’t be solely designed for the sanitized, establishment-approved version of events, or allow outside considerations to overshadow actual accomplishments. They certainly shouldn’t serve as part of some carrot-and-stick approach to desired behavior.

Should Rose and the others have done what they did? Of course not. Should they have been subject to any potential criminal or civil recourse for their actions? Absolutely. Was MLB within its rights to suspend or punish them in other ways? Definitely.

Rose, for example, should never have been allowed to work in baseball again after it was determined he bet on the Reds to win games while he was the manager.

But that doesn’t mean his record 4,256 hits, his three World Series titles, his MVP award (1973), his 17 All-Star appearances (including when he barreled over catcher Ray Fosse in the 1970 game), his “Charlie Hustle” nickname, or that epic head-first slide — shown so many times on “This Week in Baseball” that a generation of kids either crushed their chests or chipped their teeth trying to emulate it — didn’t occur.

So did his gambling scandal, a 1990 guilty plea for filing false tax returns that cost him five months in a federal prison and a 2017 sworn statement from a woman that he had committed statutory rape back in the 1970s, an allegation for which he was never criminally charged. Throughout his life, he could be indefensibly crude, difficult and confrontational.

It’s all part of the story of Pete Rose.

So let him in, then tell the good, the bad and the ugly so the public can decide what to think. This is the Baseball Hall of Fame, not the pearly gates. It’s about a nice day in central New York State with your family, complete with a gift shop.

If the museum is there to tell the history of the sport, well, how do you do it without Pete Rose? If Hall of Fame induction is reserved for the greatest players, then how could Rose not be among them? His foolishness as a manager shouldn’t have eclipsed his impact as a player.

This is where baseball’s policy was always wrong. It used the prospect of barred entry to the Hall as a deterrence. That isn’t what a museum should be about. The risk of criminal charges, lost wages from suspension and general shame should be enough. If it isn’t, so be it.

Manfred isn’t ready to release those still living from the ineligible list. He’s clinging to the concept of scaring current players straight. “It is hard to conceive of a penalty that has more deterrent effect than one that lasts a lifetime with no reprieve,” he wrote in the letter.

Perhaps, but should that be the point?

The Hall is already filled with assorted louts, drunks and racists who just happened to be able to either hit or throw a baseball really well. So what? Their personal disgrace is part of their history.

In fairness, their personal failings didn’t affect baseball the way Rose might have as a managerial gambler, and certainly not as the Black Sox did back in the day.

Still, there are owners and commissioners in the Hall who worked for decades to stop baseball from racial integration. That’s a far more widespread impact on the integrity of the game than betting on your team to beat the Dodgers.

Yes, sports wagering is always a concern and was once a major taboo. But public opinion and business realities changed. There are sportsbooks inside MLB stadiums these days, including, for a stretch, with Rose’s old team in Cincinnati.

History is history. The game is the game. The museum is the museum. Tell the story, the whole story, with all the best players and best teams and best tales, no matter how colorful, criminal or regrettable.

America can handle it. Our real national pastime is scandal, after all.

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Business

Burberry to cut 1,700 jobs after multi-million pound loss

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Burberry to cut 1,700 jobs after multi-million pound loss

Burberry, the UK’s only global luxury brand, is to cut around 1,700 jobs worldwide over the next two years after reporting a steep financial loss.

The company lost £66m in pre-tax profit in the year ended in March as luxury goods sales fell across the world and the company weathered an “uncertain” environment and a “difficult macroeconomic backdrop”.

A year earlier, it recorded £383m in profit.

Money blog: £30 broadband rule explained

It’s suffered in recent years with the share price falling to such an extent the business was removed from the FTSE 100, the index of most valuable companies listed on the London Stock Exchange.

Despite the financial performance, the company was upbeat, with chief executive Joshua Schulman saying “I am more optimistic than ever that Burberry’s best days are ahead and that we will deliver sustainable profitable growth over time”.

What cuts are being made?

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The retailer did not specify any shop closures – in the past year, it closed 26 and also opened 26 stores – but did highlight shift cuts and consolidations.

“We don’t have a store closing programme, per see,” Mr Schulman told investors

The night shift at Burberry’s Castleford factory will be cut, it proposed, saying the shift has resulted in overproduction.

“Significant” investment in the facility will be made, however, as the ambition is to scale up British production “over time”, Mr Schulman said.

Changes to the retail network across the world will be made with shop staff being scheduled around “peak traffic”.

Burberry will be “realigning” shop staff, he said, “so that we can offer the best service” at the busiest times.

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There will also be a “simplification” of Burberry’s regional structure and a “rebalancing” of central and regional responsibilities to reduce duplication and “accelerate decision making” through the retail network.

But the majority of changes will be made to “office space teams” around the world, the CEO said.

Commercial and creative teams have already been consolidated, Burberry’s annual results said.

What’s gone wrong?

Aside from the global slowdown in luxury goods sales over recession fears, additional headwinds have come in the form of President Trump’s tariffs.

“Clearly, the external environment has become more challenging since mid-February”, Mr Schulman told investors.

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Trump’s tariffs: What you need to know

Tariff risks were higher than first planned, the annual results said.

It led the US market to be described by Mr Schulman as “choppy” since February when Mr Trump began announcing tariffs on Mexico, Canada and China, as well as on goods such as steel and cars.

Sales also fell in the Asia Pacific region by 16%, the results showed.

Criticism was levelled at the 2021 British government decision to withdraw VAT refunds for overseas visitors, “which has made the UK the least competitive destination in Europe for tourist shopping”, the results read.

“Business in our UK home market continues to be seriously impacted” by the move.

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Politics

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

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Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report

Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress.

Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-day trailing correlation, according to new research from blockchain data provider RedStone Oracles, shared exclusively with Cointelegraph.

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report
Bitcoin, S&P 500, 7-day rolling correlation. Source: Redstone Oracles

However, RedStone said that the 30-day indicator signals a “variable correlation” between Bitcoin price and the S&P 500 index, with the correlation coefficient ranging from -0.2 to 0.4.

This fluctuating correlation suggests that Bitcoin “doesn’t consistently function as a true hedge for equities” due to its lack of a strong negative correlation below -0.3, which is needed for “reliable counter movement during market stress,” the report said.

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report
Bitcoin, S&P 500, 30-day rolling correlation, 1-year chart. Source: Redstone Oracles

Related: $1B Bitcoin exits Coinbase in a day as analysts warn of supply shock

The research suggests that while Bitcoin may not be a dependable hedge against stock market declines, it offers value as a portfolio diversifier.

This fluctuating dynamic signals that Bitcoin often moves independently from other assets, potentially offering additional returns while other assets are struggling. Still, Bitcoin has yet to mirror the safe-haven dynamics of gold and government bonds, RedStone suggests.

Related: Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M

Bitcoin needs to “mature” before decoupling from stock market

While Bitcoin is poised to grow into a safe-haven asset in the future, the world’s first cryptocurrency still needs to “mature” as a global asset, according to Marcin Kazmierczak, co-founder and chief operating officer at RedStone.

“Bitcoin still needs to mature before decoupling from stock markets,” Kazmierczak told Cointelegraph, adding:

“Increased institutional adoption will absolutely help — we’re already seeing this effect with corporate treasury investments reducing Bitcoin’s 30-day volatility and with BlackRock repetitively praising BTC as an asset in a portfolio.”

Meanwhile, Bitcoin will see growing recognition as a portfolio diversifier, with an annualized return of over 230% for the past five years, which “significantly outperformed” both stocks and traditional safe-haven assets, Kazmierczak said, adding that “even a small 1–5% Bitcoin allocation can meaningfully enhance a portfolio’s risk-adjusted returns.”

Bitcoin more of a ‘diversifier’ than safe-haven asset: Report
Source: Vetle Lunde

Meanwhile, Bitcoin’s declining volatility supports BTC’s growing maturity as a global financial asset. Bitcoin’s weekly volatility hit a 563-day low on April 30, a development that may signal more stable price action.

Bitcoin’s price volatility fell below the realized volatility of the S&P 500 and the Nasdaq 100, signaling that investors are increasingly treating Bitcoin as a long-term investment vehicle, Cointelegraph reported on May 13.

Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

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