fear

Fears of societal collapse prompt new push for babies in Japan

Alarmed by an even faster than expected slide in the number of babies born last year, Prime Minister Fumio Kishida is preparing a policy package he says is a last chance to keep society functioning.
Ideas like compulsory paternity leave, canceling student debt for people who have a baby, and ¥10 million ($76,445) payouts for a third child have been thrown around in recent weeks. While some of these are controversial and won’t make it into the final program, Kishida has promised measures “on a different dimension” from previous efforts.

As part of the fresh attempt at tackling the issue, a new agency devoted to children and families is set to open its doors April 1, and the government will lay out a path to doubling spending on them by June. Kishida has begun floating some of the proposals and more details are expected by the end of the month.

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Russian NHL player won’t wear Pride Night jersey, citing anti-gay Kremlin law and fears of retribution at home

Ilya Lyubushkin is citing an anti-gay Kremlin law and fears of retribution at home in Russia for electing to not participate in the Buffalo Sabres’ pregame warmup on Pride night when players are expected to wear Pride-themed jerseys.

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What it will take to reshape the global monetary order

BERKELEY, California – When the United States and its Group of Seven partners imposed sanctions on Russia’s central bank and barred Western financial institutions from doing business with Russian counterparties, commentators warned of far-reaching changes in the global monetary and financial order.
Other countries would see those sanctions as yet another step in the West’s “weaponization” of finance. Fearing that they, too, might one day be on the receiving end of sanctions, governments and central banks would reduce their dependence on the dollar, U.S. banks and the U.S.-dominated Society for Worldwide Interbank Financial Telecommunication (SWIFT).

China would be the principal beneficiary, these predictions continued. So far, China has sought to remain above the fray in the dispute between Russia and the West. It has a large banking system. It has created a Cross-Border Interbank Payment System to facilitate yuan settlement and provide an alternative to Fedwire and the Clearing House Interbank Payments System through which dollar payments are made.

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