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The Intelligence from The Economist

Swat off the press: Meta v Canada’s news ploy

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.63.6K Ratings

🗓️ 17 May 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

A bid to squeeze money from social-media platforms that link to news content has backfired: what was intended to help publishers is instead harming them. America’s workers still work more than Europe’s; what is changing is where they do it (9:44). And remembering Shirley Conran, whose books were more than merely saucy: they helped women with everything from money to mathematics (16:22). 


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Transcript

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0:00.0

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0:21.2

Please note your capital is at risk. The value of investments may go down as well as up.

0:25.2

DWS Investments UK Limited is authorized and regulated by the Financial Conduct Authority. The Economist.

0:37.0

Hello and welcome to the Intelligence from the Economist.

0:46.0

I'm your host Jason Palmer.

0:48.0

Every weekday we provide a fresh perspective on the events shaping your world. American workers have a reputation for working longer hours, and it's indisputable that they get less holiday. In the latest numbers showing

1:05.3

the disparity with European workers, the interesting part is not how long Americans

1:09.9

toil, but where?

1:13.7

And yes, Shirley Conrin wrote novels that were full to burst it with sex, but her sole purpose

1:19.5

was not to titillate.

1:21.4

Our correspondent reflects on a life spent helping women with finances,

1:25.4

with mathematics, even with catching their partners cheating.

1:30.8

First up though, though.

1:35.0

You could call it a game of chicken.

1:45.0

Nearly a year ago, Canada's government decided to take on the social media giants.

1:50.0

Facebook and the others, the government said said should pay Canada's struggling news outlets for showing links to their reporting and so the government passed a law to that effect.

2:01.0

But Meta, which owns Facebook, refused to cough up. Instead, Instagram and Facebook

2:06.2

users soon saw those media sites blocked with the warning in response to Canadian

...

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