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Javier E

Americans Aren't Saving Enough for Retirement, but One Change Could Help - NYTimes.com - 0 views

  • On average, a typical working family in the anteroom of retirement — headed by somebody 55 to 64 years old — has only about $104,000 in retirement savings
  • more than half of all American households will not have enough retirement income to maintain the living standards they were accustomed to before retirement,
  • 83 percent of baby boomers and Generation Xers in the bottom fourth of the income distribution will eventually run short of money.
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  • More than a quarter of those with incomes between the middle of the income distribution and the 75th percentile will probably run short.
  • The standard prescription is that Americans should put more money aside in investments. The recommendation, however, glosses over a critical driver of unpreparedness: Wall Street is bleeding savers dry.
  • “A greater part of the problem is the failure of investors to earn their fair share of market returns.”
  • His observation suggests a different policy prescription: shoring up Americans’ retirement requires, first of all, aligning the interests of investment advisers and their clients.
  • Actively managed mutual funds, in which many workers invest their retirement savings, are enormously costly.
  • Altogether, costs add up to 2.27 percent per year, Mr. Bogle estimates.
  • The White House’s Council of Economic Advisers argues that “conflicted advice” by advisers who get payments from the funds they recommend reduces the annual returns to investment by 1 percentage point, a more modest penalty than Mr. Bogle’s analysis
  • Assuming an annual market return of 7 percent, he says, a 30-year-old worker who made $30,000 a year and received a 3 percent annual raise could retire at age 70 with $927,000 in the pot by saving 10 percent of her wages every year in a passive index fund. (Such a nest egg, at the standard withdrawal rate of 4 percent, would generate an inflation-adjusted $37,000 a year more or less indefinitely.) If she put it in a typical actively managed fund, she would end up with only $561,000.
  • In 1979, almost two in five private sector workers had a defined-benefit pension that would pay out a check until they died. Today only 14 percent do. Almost one in three, by contrast, must make do with a retirement savings account alone to supplement their Social Security check.
  • nobody was paying attention to the safeguards that might be needed when corporate retirement funds managed by sophisticated professionals were replaced by individual 401(k)s and Individual Retirement Accounts.
  • “Wall Street makes no money on low-cost index funds,” said David F. Swensen, who runs the investment portfolio for Yale. “That is the problem.”
  • Harvard and colleagues from M.I.T. and the University of Hamburg sent “mystery shoppers” to visit financial advisers. They found that advisers mostly recommended investment strategies that fit their own financial interests. They reinforced their clients’ misguided biases, encouraging them to chase returns and advising against low-cost options like low-fee index funds.
  • For all their flaws, 401(k) plans have a fiduciary responsibility to act in participants’ best interest. Managers of I.R.A.s, by contrast, are not legally bound to put their clients’ interests first. They must offer “suitable” products — a much squishier standard.
  • By contrast, a passive index fund, like Vanguard’s Total Stock Market Index Fund, costs merely 0.06 percent a year in all.
  • In 2010, the Labor Department proposed imposing fiduciary responsibility on I.R.A. advisers. The resistance from Wall Street was so fierce that the Obama administration was forced to back down. Last month, the administration tried again.
  • Unlike regulations in Canada and some Western European countries, which have essentially banned kickbacks from funds to investment advisers, the Obama administration’s proposed rule does not directly attack conflicts of interest.
Javier E

Obama tried to give Zuckerberg a wake-up call over fake news on Facebook - The Washingt... - 0 views

  • There has been a rising bipartisan clamor, meanwhile, for new regulation of a tech industry that, amid a historic surge in wealth and power over the past decade, has largely had its way in Washington despite concerns raised by critics about its behavior.
  • In particular, momentum is building in Congress and elsewhere in the federal government for a law requiring tech companies — like newspapers, television stations and other traditional carriers of campaign messages — to disclose who buys political ads and how much they spend on them.
  • “There is no question that the idea that Silicon Valley is the darling of our markets and of our society — that sentiment is definitely turning,” said Tim O’Reilly, an adviser to tech executives and chief executive of the influential Silicon Valley-based publisher O’Reilly Media.
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  • the Russian disinformation effort has proven far harder to track and combat because Russian operatives were taking advantage of Facebook’s core functions, connecting users with shared content and with targeted native ads to shape the political environment in an unusually contentious political season, say people familiar with Facebook’s response.
  • Unlike the Islamic State, what Russian operatives posted on Facebook was, for the most part, indistinguishable from legitimate political speech. The difference was the accounts that were set up to spread the misinformation and hate were illegitimate.
  • Facebook’s cyber experts found evidence that members of APT28 were setting up a series of shadowy accounts — including a persona known as Guccifer 2.0 and a Facebook page called DCLeaks — to promote stolen emails and other documents during the presidential race. Facebook officials once again contacted the FBI to share what they had seen.
  • The sophistication of the Russian tactics caught Facebook off-guard. Its highly regarded security team had erected formidable defenses against traditional cyber attacks but failed to anticipate that Facebook users — deploying easily available automated tools such as ad micro-targeting — pumped skillfully crafted propaganda through the social network without setting off any alarm bells.
  • One of the theories to emerge from their post-mortem was that Russian operatives who were directed by the Kremlin to support Trump may have taken advantage of Facebook and other social media platforms to direct their messages to American voters in key demographic areas in order to increase enthusiasm for Trump and suppress support for Clinton.
  • The software tool was given a secret designation, and Facebook is now deploying it and others in the run-up to elections around the world. It was used in the French election in May, where it helped disable 30,000 fake accounts, the company said. It was put to the test again on Sunday when Germans went to the polls. Facebook declined to share the software tool’s code name. 
  • “It is our responsibility,” he wrote, “to amplify the good effects [of the Facebook platform] and mitigate the bad — to continue increasing diversity while strengthening our common understanding so our community can create the greatest positive impact on the world.”
  • The extent of Facebook’s internal self-examination became clear in April, when Facebook Chief Security Officer Alex Stamos co-authored a 13-page white paper detailing the results of a sprawling research effort that included input from experts from across the company, who in some cases also worked to build new software aimed specifically at detecting foreign propaganda.
  • “Facebook sits at a critical juncture,” Stamos wrote in the paper, adding that the effort focused on “actions taken by organized actors (governments or non-state actors) to distort domestic or foreign political sentiment, most frequently to achieve a strategic and/or geopolitical outcome.” He described how the company had used a technique known as machine learning to build specialized data-mining software that can detect patterns of behavior — for example, the repeated posting of the same content — that malevolent actors might use.  
  • the intelligence agencies had little data on Russia’s use of Facebook and other U.S.-based social media platforms, in part because of rules designed to protect the privacy of communications between Americans.
  • Officials said Stamos underlined to Warner the magnitude of the challenge Facebook faced policing political content that looked legitimate. Stamos told Warner that Facebook had found no accounts that used advertising but agreed with the senator that some probably existed. The difficulty for Facebook was finding them.
  • Technicians then searched for “indicators” that would link those ads to Russia. To narrow down the search further, Facebook zeroed in on a Russian entity known as the Internet Research Agency, which had been publicly identified as a troll farm.
  • By early August, Facebook had identified more than 3,000 ads addressing social and political issues that ran in the United States between 2015 and 2017 and that appear to have come from accounts associated with the Internet Research Agency.
  • Congressional investigators say the disclosure only scratches the surface. One called Facebook’s discoveries thus far “the tip of the iceberg.” Nobody really knows how many accounts are out there and how to prevent more of them from being created to shape the next election — and turn American society against itself.
katherineharron

Mitt Romney: What 'Pierre Delecto' tells us about the current Republican Party - CNNPol... - 0 views

  • These three things are amazing beyond words:1) Mitt Romney has a lurker Twitter handle. 2) The handle name is "Pierre Delecto."3) "C'est Moi" is how Romney confirmed to a reporter that he was Delecto and Delecto was him.
  • "He explained that he uses a secret Twitter account — 'What do they call me, a lurker?' — to keep tabs on the political conversation. 'I won't give you the name of it,' he said, but 'I'm following 668 people.'"
  • By Feinberg's count, Pierre only ever tweeted 10 times (Romney -- or someone -- made the account private once its existence was revealed.) Which isn't a lot. (Good analysis!) But the nature of these tweets -- or, mostly, replies -- are interesting.
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  • On one level, "Pierre Delecto" is totally explainable by human nature. Romney knows that he looks defensive and thin-skinned if he uses his official Senate account to push back on his critics. To avoid that, he creates an alter ego that allows him to do just that. (NBA superstar Kevin Durant did the same thing, and of course don't forget President Donald Trump's pre-White House, telephone alter ego John Barron.)
  • In one response to criticism of Romney from liberal commentator Soledad O'Brien, Pierre noted that Romney (AKA him) was the "only Republican to hit" Trump on the Mueller Report and defended his "moral compass." In another, Delecto defended Romney from a Twitter onslaught by Washington Post blogger and Trump critic Jennifer Rubin.
  • While Pierre is right that Romney has been more willing than most Republican elected officials to publicly criticize Trump, it's also true that Romney hasn't a) been all that critical of Trump or b) done anything to put his discomfort with Trump into action.
  • Instead, he's used a fake Twitter person to defend himself and his image. Which works nicely as a metaphor for how elected Republican officials, more broadly, are dealing with Trump: light criticism (at most) in public and open anger, frustration and near-rebellion behind the scenes or covered by the anonymity of quotes without their names attached.
  • Which, last time I checked, doesn't have any actual impact on either President Donald Trump or the fate of the party he continues to lead with reckless abandon.
Javier E

ACA delivers the award winning US banking solution to its members! old pages | Washingt... - 0 views

  • For US citizens living abroad, opening and maintaining a US bank account has been a BIG problem. Many US citizens still need and want US banking services to manage US based investments, receive their Social Security benefits, maintain US credit - the list goes on
  • ACA provides a solution with the ACA-Members/SDFCU Account, developed by ACA in cooperation with the State Department Federal Credit Union (SDFCU). 
  • What is it? ACA has teamed up with the State Department Federal Credit Union to provide SDFCU accounts for Americans residing abroad. This is the same type of account used by Americans working at US embassies, as well as many other people around the world. See our Description and FAQs here.  
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  • The State Department Federal Credit Union is not affiliated with the State Department nor in any way with the US Government and you don’t have to be connected in any way with the Federal Government to qualify.  
  • Credit unions are member-owned financial cooperatives which exist for the benefit of their customers.  Like banks, credit unions accept deposits, make loans and provide a wide array of financial services to their members
  • The ACA-Members/SDFCU account is simple to open and maintain. Everything can be done online. The most up-to-date EMV secure (Chip enabled) cards are available
  • Member “deposits” and savings – technically “shares” – are insured by the National Credit Union Insurance Fund, in a similar way to the way bank deposits are insured by the Federal Deposit Insurance Corporation.
  • SDFCU offers the opportunity to work with a certified financial counselor, if you like. This is a free service. Also, you can appoint your own investment advisor, using a power of attorney. 
Javier E

Hollande Creates a French Prosecutor for Fraud and Vows to End Tax Havens - NYTimes.com - 0 views

  • President François Hollande on Wednesday announced the creation of a position of special prosecutor to pursue cases of corruption and tax fraud, and vowed to eradicate tax havens “in Europe and the world.”
  • one of those tax havens, Luxembourg, announced that it would bow to pressure from its European allies and begin forwarding the details of its foreign clients’ accounts to their home governments. Luxembourg, with only half a million people and a banking sector more than 20 times the size of its gross domestic product, is one of Europe’s largest financial centers and has been compared to Cyprus
  • Luxembourg’s announcement came a day after five of the biggest European countries — Britain, France, Germany, Italy and Spain — agreed to exchange banking data and create their own automatic tax data exchange. That mechanism would be modeled on the Foreign Account Tax Compliance Act, passed by Congress in 2010 to track the overseas assets of Americans who might be dodging taxes.
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  • they urged the European Union commissioner responsible for taxation, Algirdas Semeta, to work to get all 27 members of the European Union to sign up.
  • Mr. Cahuzac was fired and expelled from the party, but that the minister in charge of fighting tax fraud had committed it himself has been deeply damaging.
  • The journalist consortium, a project of the Center for Public Integrity, disclosed confidential information on more than 120,000 offshore companies and trusts and nearly 130,000 individuals and agents, including 4,000 Americans. But the consortium has refused requests by governments for access to the files, saying that it is not an arm of law enforcement.
  • In addition to creating the prosecutor position, he ordered cabinet ministers to disclose their finances and asked legislators to do the same. He also promised to create an independent authority to monitor the assets and possible conflicts of interest of senior officials and legislators.
  • the Washington-based International Consortium of Investigative Journalists announced that it had obtained confidential information relating to tens of thousands of offshore bank accounts and shell companies. The leaked data, which centered on the Caribbean and especially the British Virgin Islands and the Cayman Islands, embarrassed European governments, including Luxembourg, by showing how wealthy citizens routinely hide assets, sometimes illegally, and avoid paying taxes by setting up offshore companies.
  • France’s resilience to external shocks is “diminishing” and its medium-term growth prospects are “increasingly hampered by long-standing imbalances,” the report said, noting that France’s share of European Union exports declined by 11.2 percent from 2006 to 2011, while rising labor costs have damaged competitiveness.
  • The move by Luxembourg toward disclosure leaves Austria as the lone holdout in the European Union. It pays a 35 percent withholding tax on the interest income of accounts held by foreigners in Austrian banks to their country of residence, but refuses to disclose the account holders’ identities.
Javier E

Russian propaganda effort helped spread 'fake news' during election, experts say - The ... - 0 views

  • The researchers used Internet analytics tools to trace the origins of particular tweets and mapped the connections among social-media accounts that consistently delivered synchronized messages. Identifying website codes sometimes revealed common ownership. In other cases, exact phrases or sentences were echoed by sites and social-media accounts in rapid succession, signaling membership in connected networks controlled by a single entity
  • PropOrNot’s monitoring report, which was provided to The Washington Post in advance of its public release, identifies more than 200 websites as routine peddlers of Russian propaganda during the election season, with combined audiences of at least 15 million Americans
  • On Facebook, PropOrNot estimates that stories planted or promoted by the disinformation campaign were viewed more than 213 million times.
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  • Some players in this online echo chamber were knowingly part of the propaganda campaign, the researchers concluded, while others were “useful idiots” — a term born of the Cold War to describe people or institutions that unknowingly assisted Soviet Union propaganda efforts
  • The Russian campaign during this election season, researchers from both groups say, worked by harnessing the online world’s fascination with “buzzy” content that is surprising and emotionally potent, and tracks with popular conspiracy theories about how secret forces dictate world events
  • Some of these stories originated with RT and Sputnik, state-funded Russian information services that mimic the style and tone of independent news organizations yet sometimes include false and misleading stories in their report
  • On other occasions, RT, Sputnik and other Russian sites used social-media accounts to amplify misleading stories already circulating online, causing news algorithms to identify them as “trending” topics that sometimes prompted coverage from mainstream American news organizations.
  • The speed and coordination of these efforts allowed Russian-backed phony news to outcompete traditional news organizations for audience.
  • other misleading stories in August about Clinton’s supposedly troubled health. The Daily Beast debunked a particularly widely read piece in an article that reached 1,700 Facebook accounts and was read online more than 30,000 times
  • But the PropOrNot researchers found that the version supported by Russian propaganda reached 90,000 Facebook accounts and was read more than 8 million times. The researchers said the true Daily Beast story was like “shouting into a hurricane” of false stories supported by the Russians.
  • The final weeks of the campaign featured a heavy dose of stories about supposed election irregularities, allegations of vote-rigging and the potential for Election Day violence should Clinton win
  • “The way that this propaganda apparatus supported Trump was equivalent to some massive amount of a media buy,”
  • “It was like Russia was running a super PAC for Trump’s campaign. . . . It worked.”
  • A former U.S. ambassador to Russia, Michael A. McFaul, said he was struck by the overt support that RT and Sputnik expressed for Trump during the campaign, even using the #CrookedHillary hashtag pushed by the candidate.
  • “They don’t try to win the argument,” said McFaul, now director of the Freeman Spogli Institute for International Studies at Stanford University. “It’s to make everything seem relative. It’s kind of an appeal to cynicism.”
  • “They use our technologies and values against us to sow doubt,” said Robert Orttung, a GWU professor who studies Russia. “It’s starting to undermine our democratic system.
  • The same tactics, researchers said, helped Russia shape international opinions about its 2014 annexation of Crimea and its military intervention in Syria, which started last year. Russian propaganda operations also worked to promote the “Brexit” departure of Britain from the European Union
  • “For them, it’s actually a real war, an ideological war, this clash between two systems,” said Sufian Zhemukhov, a former Russian journalist conducting research at GWU. “In their minds, they’re just trying to do what the West does to Russia.”
  • RT broadcasts news reports worldwide in several languages, but the most effective way it reaches U.S. audiences is online. Its English-language flagship YouTube channel, launched in 2007, has 1.85 million subscribers and has had a total of 1.8 billion views, making it more widely viewed than CNN’s YouTube channel
  • Though widely seen as a propaganda organ, the Russian site has gained credibility with some American conservatives. Trump sat for an interview with RT in September. His nominee for national security adviser, retired Lt. Gen. Michael T. Flynn, traveled to Russia last year for a gala sponsored by the network. He later compared it to CNN.
  • The content from Russian sites has offered ready fodder for U.S.-based websites pushing far-right conservative messages. A former contractor for one, the Next News Network, said he was instructed by the site’s founder, Gary S. Franchi Jr., to weave together reports from traditional sources such as the Associated Press and the Los Angeles Times with ones from RT, Sputnik and others that provided articles that often spread explosively online.
  • “The readers are more likely to share the fake stories, and they’re more profitable,” said Dyan Bermeo, who said he helped assemble scripts and book guests for Next News Network before leaving because of a pay dispute and concerns that “fake news” was crowding out real news.
  • In just the past 90 days — a period that has included the closing weeks of the campaign, Election Day and its aftermath — the YouTube audience of Next News Network has jumped from a few hundred thousand views a day to a few million, according to analytics firm Tubular Labs. In October alone, videos from Next News Network were viewed more than 56 million times
Javier E

The Influence of Fiorina at Lucent, in Hindsight - The New York Times - 0 views

  • her celebrated tenure at Lucent has been clouded by what happened two years after she left in 1999. The once-highflying business worth more than $250 billion at its peak nearly collapsed in the face of an accounting scandal and the telecommunications bust. The company laid off 50,000 employees in 2001 alone. Today the company, after merging with Alcatel of France, is worth only about $10 billion.
  • Lucent, like some its rivals, artificially burnished its financial performance through vendor financing — lending money to customers so they could buy its products. In 2004, the company settled charges brought by the Securities and Exchange Commission that accused it of perpetrating a $1.1 billion accounting fraud.
  • “It’s unlikely she would have been considered for the HP job once it became clear that Lucent’s success had more to do with loose credit terms and creative accounting than any reinvention of the company as the Second Coming of Cisco,”
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  • While Mrs. Fiorina wasn’t responsible for the accounting fraud — she was never accused of being involved in any financial shenanigans — she did work with, and helped support, some of the employees who came under legal scrutiny for acts that took place after she left. One of those executives was Nina Aversano, a senior executive at Lucent who played a role in the company’s aggressive sales and accounting tactics. Mrs. Fiorina, somewhat famously inside of Lucent, literally kissed the feet of Ms. Aversano on stage in front of hundreds of employees after a particularly good quarter.
  • Scott Woolley of Fortune magazine wrote a deeply reported story in 2010 during Ms. Fiorina’s unsuccessful Senate campaign in California that detailed a questionable deal she championed. Mr. Woolley focused on a vendor-financed transaction with a small company, PathNet, a sale that was valued at as much as $2.1 billion, though PathNet had only $1.6 million in annual revenue. It later filed for bankruptcy.
  • Ms. Endlich Heffernan’s book connects Mrs. Fiorina to two other failures while she was at Lucent. In one, Mrs. Fiorina was assigned to run Lucent’s consumer products business. Perhaps that division was always destined for failure — it included Lucent’s handset business just as the world was pivoting to mobile communications. But Mrs. Fiorina orchestrated a joint venture with the Dutch electronics giant Philips Electronics that turned out to be a mess, one that she later told The Wall Street Journal was the biggest mistake of her career.
  • Then there was Lucent’s 1999 acquisition of Ascend Communications for more than $22 billion. That deal may go down in history as one of the worst. Again, however, Mrs. Fiorina wasn’t in charge at Lucent. Was she consulted on the transaction? Yes. But she didn’t try to object to it.
  • Donald Trump was right when he said during the debate last week: “You know, if you look at what happened at Lucent under her tenure, it was not a good picture.”
andrespardo

Black people four times more likely to die from Covid-19, ONS finds | Society | The Gua... - 0 views

  • Black people four times more likely to die from Covid-19, ONS finds
  • Black people are more than four times more likely to die from Covid-19 than white people, according to stark official figures exposing a dramatic divergence in the impact of the coronavirus pandemic in England and Wales. The Office of National Statistics found that the difference in the virus’s impact was caused not only by pre-existing differences in communities’ wealth, health, education and living arrangements.
  • after other pre-existing factors had been accounted for, and females from those ethnic groups were 1.6 times more likely to die from the virus than their white counterparts.
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  • The risk of Covid-19 death for people from Chinese and mixed ethnic groups was found to be similar to that for white people.
  • Guardian research last month confirmed suspicions that minority groups faced the greatest risk from the coronavirus and showed that areas with high ethnic minority populations in England and Wales tended to have higher mortality rates in the pandemic.
  • “We cannot ignore how important racial discrimination and racial inequalities, for example, in housing, are, even among poorer socio-economic groups,” she said. “These factors are important but are not taken into account in most statistical modelling of Covid-19 risk factors.”
  • These groups are more likely to work in frontline roles in the NHS in England: nearly 21% of staff are from ethnic minorities, compared with about 14% of the population of England and Wales. Black, Bangladeshi and Pakistani populations have been shown to face higher levels of unemployment and child poverty than white groups.
  • The authors called for further research on the contribution of occupational risk and whether people from BAME backgrounds were placed at increased risk of exposure and infection.
  • To try to understand how much of the difference in Covid-19 morbidity was to do purely with ethnicity, the statisticians adjusted for age as well as region, rural and urban classification, area deprivation, household composition, socio-economic position, highest qualification held, household tenure, and health or disability as recorded in the 2011 census.
  • After all these factors were accounted for, Indian men and women were less likely than people from Bangladeshi and Pakistani background to die from Covid-19, but were still 1.3 times and 1.4 times more vulnerable than white people.
  • The ONS also checked to see if, within ethnic groups, socio-economic class made a difference. They found that the differences in risk of Covid-19-related death across ethnic groups were of similar magnitudes within all three socio-economic classes.
  • Some groups may be over-represented in public-facing occupations and could be more likely to be infected by Covid-19 . About 12.8% of workers from Bangladeshi and Pakistani backgrounds work in public-facing transport jobs such as bus, coach and taxi driving, compared with 3.5% of white people. The ONS said it plans to conduct further work to identify occupations that are particularly at risk.
  • Like the ONS data, the study found that people of black and Asian backgrounds were at higher risk of death, and it ruled out the idea that this was largely due to higher rates of underlying medical problems in these groups.
  • “It doesn’t have to be like this. As a society that prides itself on justice and compassion, we can and must do better.”
  • The study, which has not yet been peer-reviewed, found that people from deprived social backgrounds were also at a higher risk, and again this finding could not be explained by other risk factors.
  • The research accounts for health problems reported by people who filled in the 2011 census, but Hanif said differences in the extent of other underlying diseases in different ethnic groups in Britain – so-called co-morbidities – which have not been accounted for by the ONS, may be significant. For example, in the UK people of Pakistani and Bangladeshi descent are
  • “We have commissioned Public Health England to better understand the different factors, such as ethnicity, obesity and geographical location that may influence the effects of the virus.”
anonymous

YouTube Suspends Trump's Account Over Concerns About Violence : Insurrection At The Cap... - 0 views

  • YouTube, citing "the ongoing potential for violence," has suspended President Trump's account for at least a week
  • The social media platform is the latest to take action against Trump following a riot at the U.S. Capitol last week organized by the president's supporters.
  • As the nation prepares for President-elect Joe Biden's inauguration next week, law enforcement officials have said there are credible threats of more acts of violence from supporters of Trump.
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  • The suspension of Trump's channel came after comments the president made at a news conference on Tuesday that streamed on the platform
  • Trump's channel is prevented from uploading new videos or livestreams for a minimum of seven days, which could be extended.
  • A first strike for a YouTube account leads to a one-week suspension, a second strike results in a two-week suspension, and a third strike will result in channel termination.
  • "After careful review, and in light of concerns about the ongoing potential for violence, we removed new content uploaded to the Donald J. Trump channel and issued a strike for violating our policies for inciting violence,"
  • "We are also indefinitely disabling comments under videos on the channel, we've taken similar actions in the past for other cases involving safety concerns,"
  • Twitter and Facebook removed Trump's accounts following the clash at the U.S. Capitol and have taken down content supporting last week's siege. Amazon, Google and Apple have also removed the Parler app, which is reportedly used by many of Trump's supporters.
Javier E

Here's a Look Inside Facebook's Data Wars - The New York Times - 0 views

  • On one side were executives, including Mr. Silverman and Brian Boland, a Facebook vice president in charge of partnerships strategy, who argued that Facebook should publicly share as much information as possible about what happens on its platform — good, bad or ugly.
  • On the other side were executives, including the company’s chief marketing officer and vice president of analytics, Alex Schultz, who worried that Facebook was already giving away too much.
  • One day in April, the people behind CrowdTangle, a data analytics tool owned by Facebook, learned that transparency had limits.
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  • They argued that journalists and researchers were using CrowdTangle, a kind of turbocharged search engine that allows users to analyze Facebook trends and measure post performance, to dig up information they considered unhelpful — showing, for example, that right-wing commentators like Ben Shapiro and Dan Bongino were getting much more engagement on their Facebook pages than mainstream news outlets.
  • These executives argued that Facebook should selectively disclose its own data in the form of carefully curated reports, rather than handing outsiders the tools to discover it themselves.Team Selective Disclosure won, and CrowdTangle and its supporters lost.
  • the CrowdTangle story is important, because it illustrates the way that Facebook’s obsession with managing its reputation often gets in the way of its attempts to clean up its platform
  • The company, blamed for everything from election interference to vaccine hesitancy, badly wants to rebuild trust with a skeptical public. But the more it shares about what happens on its platform, the more it risks exposing uncomfortable truths that could further damage its image.
  • Facebook’s executives were more worried about fixing the perception that Facebook was amplifying harmful content than figuring out whether it actually was amplifying harmful content. Transparency, they said, ultimately took a back seat to image management.
  • the executives who pushed hardest for transparency appear to have been sidelined. Mr. Silverman, CrowdTangle’s co-founder and chief executive, has been taking time off and no longer has a clearly defined role at the company, several people with knowledge of the situation said. (Mr. Silverman declined to comment about his status.) And Mr. Boland, who spent 11 years at Facebook, left the company in November.
  • “One of the main reasons that I left Facebook is that the most senior leadership in the company does not want to invest in understanding the impact of its core products,” Mr. Boland said, in his first interview since departing. “And it doesn’t want to make the data available for others to do the hard work and hold them accountable.”
  • Mr. Boland, who oversaw CrowdTangle as well as other Facebook transparency efforts, said the tool fell out of favor with influential Facebook executives around the time of last year’s presidential election, when journalists and researchers used it to show that pro-Trump commentators were spreading misinformation and hyperpartisan commentary with stunning success.
  • “People were enthusiastic about the transparency CrowdTangle provided until it became a problem and created press cycles Facebook didn’t like,” he said. “Then, the tone at the executive level changed.”
  • Facebook was happy that I and other journalists were finding its tool useful. With only about 25,000 users, CrowdTangle is one of Facebook’s smallest products, but it has become a valuable resource for power users including global health organizations, election officials and digital marketers, and it has made Facebook look transparent compared with rival platforms like YouTube and TikTok, which don’t release nearly as much data.
  • Last fall, the leaderboard was full of posts by Mr. Trump and pro-Trump media personalities. Since Mr. Trump was barred from Facebook in January, it has been dominated by a handful of right-wing polemicists like Mr. Shapiro, Mr. Bongino and Sean Hannity, with the occasional mainstream news article, cute animal story or K-pop fan blog sprinkled in.
  • But the mood shifted last year when I started a Twitter account called @FacebooksTop10, on which I posted a daily leaderboard showing the sources of the most-engaged link posts by U.S. pages, based on CrowdTangle data.
  • The account went semi-viral, racking up more than 35,000 followers. Thousands of people retweeted the lists, including conservatives who were happy to see pro-Trump pundits beating the mainstream media and liberals who shared them with jokes like “Look at all this conservative censorship!” (If you’ve been under a rock for the past two years, conservatives in the United States frequently complain that Facebook is censoring them.)
  • Inside Facebook, the account drove executives crazy. Some believed that the data was being misconstrued and worried that it was painting Facebook as a far-right echo chamber. Others worried that the lists might spook investors by suggesting that Facebook’s U.S. user base was getting older and more conservative. Every time a tweet went viral, I got grumpy calls from Facebook executives who were embarrassed by the disparity between what they thought Facebook was — a clean, well-lit public square where civility and tolerance reign — and the image they saw reflected in the Twitter lists.
  • Mr. Boland, the former Facebook vice president, said that was a convenient deflection. He said that in internal discussions, Facebook executives were less concerned about the accuracy of the data than about the image of Facebook it presented.“It told a story they didn’t like,” he said of the Twitter account, “and frankly didn’t want to admit was true.”
  • Several executives proposed making reach data public on CrowdTangle, in hopes that reporters would cite that data instead of the engagement data they thought made Facebook look bad.But Mr. Silverman, CrowdTangle’s chief executive, replied in an email that the CrowdTangle team had already tested a feature to do that and found problems with it. One issue was that false and misleading news stories also rose to the top of those lists.“Reach leaderboard isn’t a total win from a comms point of view,” Mr. Silverman wrote.
  • executives argued that my Top 10 lists were misleading. They said CrowdTangle measured only “engagement,” while the true measure of Facebook popularity would be based on “reach,” or the number of people who actually see a given post. (With the exception of video views, reach data isn’t public, and only Facebook employees and page owners have access to it.)
  • Mr. Schultz, Facebook’s chief marketing officer, had the dimmest view of CrowdTangle. He wrote that he thought “the only way to avoid stories like this” would be for Facebook to publish its own reports about the most popular content on its platform, rather than releasing data through CrowdTangle.“If we go down the route of just offering more self-service data you will get different, exciting, negative stories in my opinion,” he wrote.
  • there’s a problem with reach data: Most of it is inaccessible and can’t be vetted or fact-checked by outsiders. We simply have to trust that Facebook’s own, private data tells a story that’s very different from the data it shares with the public.
  • Mr. Zuckerberg is right about one thing: Facebook is not a giant right-wing echo chamber.But it does contain a giant right-wing echo chamber — a kind of AM talk radio built into the heart of Facebook’s news ecosystem, with a hyper-engaged audience of loyal partisans who love liking, sharing and clicking on posts from right-wing pages, many of which have gotten good at serving up Facebook-optimized outrage bait at a consistent clip.
  • CrowdTangle’s data made this echo chamber easier for outsiders to see and quantify. But it didn’t create it, or give it the tools it needed to grow — Facebook did — and blaming a data tool for these revelations makes no more sense than blaming a thermometer for bad weather.
  • It’s worth noting that these transparency efforts are voluntary, and could disappear at any time. There are no regulations that require Facebook or any other social media companies to reveal what content performs well on their platforms, and American politicians appear to be more interested in fighting over claims of censorship than getting access to better data.
  • It’s also worth noting that Facebook can turn down the outrage dials and show its users calmer, less divisive news any time it wants. (In fact, it briefly did so after the 2020 election, when it worried that election-related misinformation could spiral into mass violence.) And there is some evidence that it is at least considering more permanent changes.
  • The project, which some employees refer to as the “Top 10” project, is still underway, the people said, and it’s unclear whether its findings have been put in place. Mr. Osborne, the Facebook spokesman, said that the team looks at a variety of ranking changes, and that the experiment wasn’t driven by a desire to change the Top 10 lists.
  • This year, Mr. Hegeman, the executive in charge of Facebook’s news feed, asked a team to figure out how tweaking certain variables in the core news feed ranking algorithm would change the resulting Top 10 lists, according to two people with knowledge of the project.
  • As for CrowdTangle, the tool is still available, and Facebook is not expected to cut off access to journalists and researchers in the short term, according to two people with knowledge of the company’s plans.
  • Mr. Boland, however, said he wouldn’t be surprised if Facebook executives decided to kill off CrowdTangle entirely or starve it of resources, rather than dealing with the headaches its data creates.
Javier E

Former Twitter employees charged with spying for Saudi Arabia by digging into the accou... - 0 views

  • The Justice Department has charged two former Twitter employees with spying for Saudi Arabia in a case that raises concerns about the ability of Silicon Valley to protect the private information of dissidents and other users from repressive governments.
  • “The criminal complaint unsealed today alleges that Saudi agents mined Twitter’s internal systems for personal information about known Saudi critics and thousands of other Twitter users,” said U.S. Attorney David L. Anderson. “We will not allow U.S. companies or U.S. technology to become tools of foreign repression in violation of U.S. law.
  • Twitter restricts access to sensitive account information “to a limited group of trained and vetted employees,” said a spokesman, who spoke on the condition of anonymity “to protect the safety” of Twitter personnel. “We understand the incredible risks faced by many who use Twitter to share their perspectives with the world and to hold those in power accountable. We have tools in place to protect their privacy and their ability to do their vital work.”
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  • The charges also reflect the wealth of data tech firms compile on their users, including email addresses, payment methods, and IP addresses that can give up a user’s location.
  • The case “is incredibly significant,” said Adam Coogle, a Human Rights Watch researcher who just published a study on Saudi Arabia’s targeting of dissidents. “Twitter is the de facto public space of Saudi Arabia — the place where Saudi citizens come and discuss issues. It’s a space in which the Saudi authorities have used various means to curtail critical voices, including by seeking to unmask anonymous accounts.”
katherineharron

Opinion: How Americans can hold Trump accountable if Congress won't - CNN - 0 views

  • Tens of millions of Americans were glued to their televisions, laptops and mobile devices Wednesday as an act of domestic terrorism played out live for the whole world to watch. Fear, anger and disgust were the reactions I heard most from friends, family and on social media platforms.
  • Many Americans are skeptical of the ability of politicians in Washington, particularly the Republicans, to hold all of the terrorists and their supporters accountable.
  • Time and time again for the last four years the American public has watched President Donald Trump avoid accountability for his outrageous and immoral behavior. Republicans have consistently enabled him, and our judicial system, with the exception of the election issues, has not been able to thwart his constant judicial stalling and obstruction. Color the American public skeptical that this time our institutions will deliver.
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  • Invoking the 25th Amendment at the direction of the vice president and the cabinet, or impeaching Trump for a second time and holding a trial in the Senate.
  • The first of these seems unlikely to happen. It might require a broader deal -- if he were willing, Vice President Mike Pence could convince both Trump and the cabinet to remove the President in return for a full pardon from President Pence. It would be a risky move for Pence's future given the negative reception former President Gerald Ford received for pardoning Richard Nixon.
  • The House is likely to move on impeachment this week. The timing of sending the articles over to the Senate is where this gets interesting. The House can pass articles of impeachment quickly, but it is unlikely the Senate could pull off a trial before the President's term ended.
  • The bottom line is, while there are multiple options, it is still possible the President can run out the clock and once again avoid any legal responsibility for his actions. That's where the helplessness comes from for the majority of Americans. We've seen this movie before, and we don't like how it ends.
  • If you work at a company, belong to an organization or trade association or an institution of higher education, let your bosses know that you won't tolerate paying Trump to come speak at events, conferences or any sort of engagement. Don't wait until he's booked, let them know in advance that he's not welcome. If you are a lecture agency and take Trump on as a client, understand that your other clients will go elsewhere for representation.
  • We all buy books from the major publishers. Let them know you will no longer buy their books if they sign Trump to a book deal. Tell your local officials to stay away from Trump. No renaming of airports, highways or public buildings -- I might exclude toxic waste dumps and landfills from this list, however. If they don't listen, vote them out of office.
  • No awards or honors should be bestowed from your town, group or organization. No commencement speeches or honorary degrees from colleges and universities. In fact, following the example of Lehigh University, revoke a degree if it has already been awarded. If you are an author, make clear you won't work with publishers that do business with Trump.
  • At a local club, make sure the pro knows they'll be no playing privileges. If he wants to play, he either has to own the course or join the hackers at the local public course. The PGA (who just announced the 2022 PGA Championship will not be played at Trump National Golf Club Bedminster in New Jersey) might offer him a deal -- privileges will be restored after a PGA official follows him for a year to record his real score and enter it into the handicap system.
  • We can also pressure Congress to take further action. There is nothing in the Constitution that requires a former President be afforded the protection of the Secret Service. Also, nothing that says he deserves a million dollars a year for travel and a generous pension and healthcare plan. And of course, there should be no right to a state funeral.
  • Trump must be held accountable for crimes against the state.
  • Trump screwed up the most important job in the world -- president of the United States. Let's make sure he doesn't benefit now from the best job in the world -- former president of the United States. And for those who say this is cancel culture run amok, I say it's perfectly legal citizen justice well earned by Donald J Trump.
nrashkind

Snapchat removes Trump account from curated promotional section - Reuters - 0 views

  • Snap Inc said it would no longer promote U.S. President Donald Trump’s account in Snapchat’s Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.
  • “Racial violence and injustice have no place in our society and we stand together with all who seek peace, love, equality, and justice in America.”
  • Shares fell 2.4% after the announcement.
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  • Trump’s Snapchat account, which consists mostly of campaign content and does not contain the informal rhetoric he regularly uses on his favored platform Twitter, will remain public and accessible to people who follow it or search for it, Snap said.
  • Democratic rival Joe Biden, who is seeking to oust Trump in the November presidential election, quickly capitalized on the move. In a video posted to Snapchat, he said, grinning, that he was proud to run for president “and still be on Snapchat.”
  • Snap said the Discover section features voices across the political spectrum, including both Republicans and Democrats.
  • Twitter ignited a furor last week by placing labels on several of Trump’s tweets that it said violated its rules on misleading information and glorifying violence, including one which used the racially charged phrase “when the looting starts, the shooting starts.”
  • He noted that the Discover section is “a curated platform, where we decide what we promote.”
  • The company said its decision to remove the president’s content from Discover was made over the weekend.
Javier E

Opinion | It's Time to Break Up Facebook - The New York Times - 1 views

  • For many people today, it’s hard to imagine government doing much of anything right, let alone breaking up a company like Facebook. This isn’t by coincidence.
  • Starting in the 1970s, a small but dedicated group of economists, lawyers and policymakers sowed the seeds of our cynicism. Over the next 40 years, they financed a network of think tanks, journals, social clubs, academic centers and media outlets to teach an emerging generation that private interests should take precedence over public ones
  • Their gospel was simple: “Free” markets are dynamic and productive, while government is bureaucratic and ineffective. By the mid-1980s, they had largely managed to relegate energetic antitrust enforcement to the history books.
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  • This shift, combined with business-friendly tax and regulatory policy, ushered in a period of mergers and acquisitions that created megacorporations
  • In the past 20 years, more than 75 percent of American industries, from airlines to pharmaceuticals, have experienced increased concentration, and the average size of public companies has tripled. The results are a decline in entrepreneurship, stalled productivity growth, and higher prices and fewer choices for consumers.
  • Because Facebook so dominates social networking, it faces no market-based accountability. This means that every time Facebook messes up, we repeat an exhausting pattern: first outrage, then disappointment and, finally, resignation.
  • Over a decade later, Facebook has earned the prize of domination. It is worth half a trillion dollars and commands, by my estimate, more than 80 percent of the world’s social networking revenue. It is a powerful monopoly, eclipsing all of its rivals and erasing competition from the social networking category.
  • Facebook’s monopoly is also visible in its usage statistics. About 70 percent of American adults use social media, and a vast majority are on Facebook products
  • Over two-thirds use the core site, a third use Instagram, and a fifth use WhatsApp.
  • As a result of all this, would-be competitors can’t raise the money to take on Facebook. Investors realize that if a company gets traction, Facebook will copy its innovations, shut it down or acquire it for a relatively modest sum
  • Facebook’s dominance is not an accident of history. The company’s strategy was to beat every competitor in plain view, and regulators and the government tacitly — and at times explicitly — approved
  • The F.T.C.’s biggest mistake was to allow Facebook to acquire Instagram and WhatsApp. In 2012, the newer platforms were nipping at Facebook’s heels because they had been built for the smartphone, where Facebook was still struggling to gain traction. Mark responded by buying them, and the F.T.C. approved.
  • Neither Instagram nor WhatsApp had any meaningful revenue, but both were incredibly popular. The Instagram acquisition guaranteed Facebook would preserve its dominance in photo networking, and WhatsApp gave it a new entry into mobile real-time messaging.
  • When it hasn’t acquired its way to dominance, Facebook has used its monopoly position to shut out competing companies or has copied their technology.
  • In 2014, the rules favored curiosity-inducing “clickbait” headlines. In 2016, they enabled the spread of fringe political views and fake news, which made it easier for Russian actors to manipulate the American electorate.
  • As markets become more concentrated, the number of new start-up businesses declines. This holds true in other high-tech areas dominated by single companies, like search (controlled by Google) and e-commerce (taken over by Amazon)
  • I don’t blame Mark for his quest for domination. He has demonstrated nothing more nefarious than the virtuous hustle of a talented entrepreneur
  • It’s on our government to ensure that we never lose the magic of the invisible hand. How did we allow this to happen
  • a narrow reliance on whether or not consumers have experienced price gouging fails to take into account the full cost of market domination
  • It doesn’t recognize that we also want markets to be competitive to encourage innovation and to hold power in check. And it is out of step with the history of antitrust law. Two of the last major antitrust suits, against AT&T and IBM in the 1980s, were grounded in the argument that they had used their size to stifle innovation and crush competition.
  • It is a disservice to the laws and their intent to retain such a laserlike focus on price effects as the measure of all that antitrust was meant to do.”
  • Facebook is the perfect case on which to reverse course, precisely because Facebook makes its money from targeted advertising, meaning users do not pay to use the service. But it is not actually free, and it certainly isn’t harmless.
  • We pay for Facebook with our data and our attention, and by either measure it doesn’t come cheap.
  • The choice is mine, but it doesn’t feel like a choice. Facebook seeps into every corner of our lives to capture as much of our attention and data as possible and, without any alternative, we make the trade.
  • The vibrant marketplace that once drove Facebook and other social media companies to compete to come up with better products has virtually disappeared. This means there’s less chance of start-ups developing healthier, less exploitative social media platforms. It also means less accountability on issues like privacy.
  • The most problematic aspect of Facebook’s power is Mark’s unilateral control over speech. There is no precedent for his ability to monitor, organize and even censor the conversations of two billion people.
  • Facebook engineers write algorithms that select which users’ comments or experiences end up displayed in the News Feeds of friends and family. These rules are proprietary and so complex that many Facebook employees themselves don’t understand them.
  • What started out as lighthearted entertainment has become the primary way that people of all ages communicate online.
  • In January 2018, Mark announced that the algorithms would favor non-news content shared by friends and news from “trustworthy” sources, which his engineers interpreted — to the confusion of many — as a boost for anything in the category of “politics, crime, tragedy.”
  • As if Facebook’s opaque algorithms weren’t enough, last year we learned that Facebook executives had permanently deleted their own messages from the platform, erasing them from the inboxes of recipients; the justification was corporate security concerns.
  • No one at Facebook headquarters is choosing what single news story everyone in America wakes up to, of course. But they do decide whether it will be an article from a reputable outlet or a clip from “The Daily Show,” a photo from a friend’s wedding or an incendiary call to kill others.
  • Mark knows that this is too much power and is pursuing a twofold strategy to mitigate it. He is pivoting Facebook’s focus toward encouraging more private, encrypted messaging that Facebook’s employees can’t see, let alone control
  • Second, he is hoping for friendly oversight from regulators and other industry executives.
  • In an op-ed essay in The Washington Post in March, he wrote, “Lawmakers often tell me we have too much power over speech, and I agree.” And he went even further than before, calling for more government regulation — not just on speech, but also on privacy and interoperability, the ability of consumers to seamlessly leave one network and transfer their profiles, friend connections, photos and other data to another.
  • I don’t think these proposals were made in bad faith. But I do think they’re an attempt to head off the argument that regulators need to go further and break up the company. Facebook isn’t afraid of a few more rules. It’s afraid of an antitrust case and of the kind of accountability that real government oversight would bring.
  • We don’t expect calcified rules or voluntary commissions to work to regulate drug companies, health care companies, car manufacturers or credit card providers. Agencies oversee these industries to ensure that the private market works for the public good. In these cases, we all understand that government isn’t an external force meddling in an organic market; it’s what makes a dynamic and fair market possible in the first place. This should be just as true for social networking as it is for air travel or pharmaceuticals.
  • Just breaking up Facebook is not enough. We need a new agency, empowered by Congress to regulate tech companies. Its first mandate should be to protect privacy.
  • First, Facebook should be separated into multiple companies. The F.T.C., in conjunction with the Justice Department, should enforce antitrust laws by undoing the Instagram and WhatsApp acquisitions and banning future acquisitions for several years.
  • How would a breakup work? Facebook would have a brief period to spin off the Instagram and WhatsApp businesses, and the three would become distinct companies, most likely publicly traded.
  • Facebook is indeed more valuable when there are more people on it: There are more connections for a user to make and more content to be shared. But the cost of entering the social network business is not that high. And unlike with pipes and electricity, there is no good argument that the country benefits from having only one dominant social networking company.
  • others worry that the breakup of Facebook or other American tech companies could be a national security problem. Because advancements in artificial intelligence require immense amounts of data and computing power, only large companies like Facebook, Google and Amazon can afford these investments, they say. If American companies become smaller, the Chinese will outpace us.
  • The American government needs to do two things: break up Facebook’s monopoly and regulate the company to make it more accountable to the American people.
  • But the biggest winners would be the American people. Imagine a competitive market in which they could choose among one network that offered higher privacy standards, another that cost a fee to join but had little advertising and another that would allow users to customize and tweak their feeds as they saw fit
  • The cost of breaking up Facebook would be next to zero for the government, and lots of people stand to gain economically. A ban on short-term acquisitions would ensure that competitors, and the investors who take a bet on them, would have the space to flourish. Digital advertisers would suddenly have multiple companies vying for their dollars.
  • The Europeans have made headway on privacy with the General Data Protection Regulation, a law that guarantees users a minimal level of protection. A landmark privacy bill in the United States should specify exactly what control Americans have over their digital information, require clearer disclosure to users and provide enough flexibility to the agency to exercise effective oversight over time
  • The agency should also be charged with guaranteeing basic interoperability across platforms.
  • Finally, the agency should create guidelines for acceptable speech on social media
  • We will have to create similar standards that tech companies can use. These standards should of course be subject to the review of the courts, just as any other limits on speech are. But there is no constitutional right to harass others or live-stream violence.
  • These are difficult challenges. I worry that government regulators will not be able to keep up with the pace of digital innovation
  • I worry that more competition in social networking might lead to a conservative Facebook and a liberal one, or that newer social networks might be less secure if government regulation is weak
  • Professor Wu has written that this “policeman at the elbow” led IBM to steer clear “of anything close to anticompetitive conduct, for fear of adding to the case against it.”
  • Finally, an aggressive case against Facebook would persuade other behemoths like Google and Amazon to think twice about stifling competition in their own sectors, out of fear that they could be next.
  • The alternative is bleak. If we do not take action, Facebook’s monopoly will become even more entrenched. With much of the world’s personal communications in hand, it can mine that data for patterns and trends, giving it an advantage over competitors for decades to come.
  • This movement of public servants, scholars and activists deserves our support. Mark Zuckerberg cannot fix Facebook, but our government can.
Javier E

In India, Facebook Struggles to Combat Misinformation and Hate Speech - The New York Times - 0 views

  • On Feb. 4, 2019, a Facebook researcher created a new user account to see what it was like to experience the social media site as a person living in Kerala, India.For the next three weeks, the account operated by a simple rule: Follow all the recommendations generated by Facebook’s algorithms to join groups, watch videos and explore new pages on the site.
  • The result was an inundation of hate speech, misinformation and celebrations of violence, which were documented in an internal Facebook report published later that month.AdvertisementContinue reading the main story“Following this test user’s News Feed, I’ve seen more images of dead people in the past three weeks than I’ve seen in my entire life total,” the Facebook researcher wrote.
  • The report was one of dozens of studies and memos written by Facebook employees grappling with the effects of the platform on India. They provide stark evidence of one of the most serious criticisms levied by human rights activists and politicians against the world-spanning company: It moves into a country without fully understanding its potential impact on local culture and politics, and fails to deploy the resources to act on issues once they occur.
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  • Facebook’s problems on the subcontinent present an amplified version of the issues it has faced throughout the world, made worse by a lack of resources and a lack of expertise in India’s 22 officially recognized languages.
  • The documents include reports on how bots and fake accounts tied to the country’s ruling party and opposition figures were wreaking havoc on national elections
  • They also detail how a plan championed by Mark Zuckerberg, Facebook’s chief executive, to focus on “meaningful social interactions,” or exchanges between friends and family, was leading to more misinformation in India, particularly during the pandemic.
  • Facebook did not have enough resources in India and was unable to grapple with the problems it had introduced there, including anti-Muslim posts,
  • Eighty-seven percent of the company’s global budget for time spent on classifying misinformation is earmarked for the United States, while only 13 percent is set aside for the rest of the world — even though North American users make up only 10 percent of the social network’s daily active users
  • That lopsided focus on the United States has had consequences in a number of countries besides India. Company documents showed that Facebook installed measures to demote misinformation during the November election in Myanmar, including disinformation shared by the Myanmar military junta.
  • In Sri Lanka, people were able to automatically add hundreds of thousands of users to Facebook groups, exposing them to violence-inducing and hateful content
  • In India, “there is definitely a question about resourcing” for Facebook, but the answer is not “just throwing more money at the problem,” said Katie Harbath, who spent 10 years at Facebook as a director of public policy, and worked directly on securing India’s national elections. Facebook, she said, needs to find a solution that can be applied to countries around the world.
  • Two months later, after India’s national elections had begun, Facebook put in place a series of steps to stem the flow of misinformation and hate speech in the country, according to an internal document called Indian Election Case Study.
  • After the attack, anti-Pakistan content began to circulate in the Facebook-recommended groups that the researcher had joined. Many of the groups, she noted, had tens of thousands of users. A different report by Facebook, published in December 2019, found Indian Facebook users tended to join large groups, with the country’s median group size at 140,000 members.
  • Graphic posts, including a meme showing the beheading of a Pakistani national and dead bodies wrapped in white sheets on the ground, circulated in the groups she joined.After the researcher shared her case study with co-workers, her colleagues commented on the posted report that they were concerned about misinformation about the upcoming elections in India
  • According to a memo written after the trip, one of the key requests from users in India was that Facebook “take action on types of misinfo that are connected to real-world harm, specifically politics and religious group tension.”
  • The case study painted an optimistic picture of Facebook’s efforts, including adding more fact-checking partners — the third-party network of outlets with which Facebook works to outsource fact-checking — and increasing the amount of misinformation it removed.
  • The study did not note the immense problem the company faced with bots in India, nor issues like voter suppression. During the election, Facebook saw a spike in bots — or fake accounts — linked to various political groups, as well as efforts to spread misinformation that could have affected people’s understanding of the voting process.
  • , Facebook found that over 40 percent of top views, or impressions, in the Indian state of West Bengal were “fake/inauthentic.” One inauthentic account had amassed more than 30 million impressions.
  • A report published in March 2021 showed that many of the problems cited during the 2019 elections persisted.
  • Much of the material circulated around Facebook groups promoting Rashtriya Swayamsevak Sangh, an Indian right-wing and nationalist paramilitary group. The groups took issue with an expanding Muslim minority population in West Bengal and near the Pakistani border, and published posts on Facebook calling for the ouster of Muslim populations from India and promoting a Muslim population control law.
  • Facebook also hesitated to designate R.S.S. as a dangerous organization because of “political sensitivities” that could affect the social network’s operation in the country.
  • Of India’s 22 officially recognized languages, Facebook said it has trained its A.I. systems on five. (It said it had human reviewers for some others.) But in Hindi and Bengali, it still did not have enough data to adequately police the content, and much of the content targeting Muslims “is never flagged or actioned,” the Facebook report said.
Javier E

A Handful of Accounts Create Most of What We See on Social Media - WSJ - 0 views

  • Social media is turning into old-fashioned network television.
  • A handful of accounts create most of the content that we see. Everyone else? They play the role of the audience, which is there to mostly amplify and applaud
  • The personal tidbits that people used to share on social media have been relegated to private group chats and their equivalent.
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  • The transformation of social media into mass media is largely because the rise of TikTok has demonstrated to every social-media company on the planet that people still really like things that can re-create the experience of TV
  • Advertisers also like things that function like TV, of course—after all, people are never more suggestible than when lulled into a sort of anesthetized mindlessness.
  • In this future, people who are good at making content with high production values will thrive, as audiences and tech company algorithms gravitate toward more professional content.
  • On these formerly-social platforms, whether content is coming from creators with better equipment and more skills, or Hollywood studios testing the waters, hardly matters. In the end, it will all look remarkably similar to the consumer.
  • It will look
  • like flipping through cable channels does, only our thumb on the remote has been replaced by our thumb on the screen of our phone, swiping from one TikTok, YouTube Short, or Instagram Reel to the next.
  • A telling indicator is the rise of a new kind of entertainment professional—the “creator.”
  • A creator is anyone who records or makes something that can go viral on the internet
  • TikTok is now more popular than Netflix among consumers younger than 35,
  • While YouTube and TikTok have always been about video, just about every other social-media platform that wants to keep people engaged is emphasizing it more than ever, so that’s what creators have to make,
  • His agency gets involved with creators and musicians at the earliest stages of their careers, helping them plan content, update their style, understand what the algorithms of different platforms demand, and connecting them with potentially lucrative brand deals
  • . Even more telling: In first place is YouTube, the original online TV analog.
  • Where attention flows, money—and content—must also. In 2023 brands will spend an estimated $6 billion on marketing through influencers—a subspecies of creators
  • Globally, the total addressable market for this kind of marketing is currently $250 billion
  • Then there is a new generation of shows that are going straight to TikTok, bypassing even streaming services
  • In the wake of the success of YouTube and TikTok, Facebook, Instagram, and even LinkedIn are all pushing more and more content made by professionals into our feeds,
  • In order to quantify how TikTok has mastered the art of discerning our interests and feeding us the most compelling possible content, Faltesek, of Oregon State University, conducted a two-year project to study exactly what kind of content TikTok pushes
  • With a team of students, he created dozens of fresh TikTok user accounts that didn’t like or interact with content in any way—they just let the algorithm play one video after another.
  • At the end of this exhaustive process of gathering data on TikTok’s algorithm, the conclusion became obvious, says Faltesek. “TikTok is television. It flips channels like TV, it provides a flow like TV.”
  • By this logic, Instagram’s move to copy TikTok, which is in turn encroaching on the turf of YouTube by allowing longer videos, and the increasing dominance of professional content on all three, means they’re all turning into TV. Even Threads, the new offering from Facebook parent company Meta, is fast becoming a broadcast medium for news, as Twitter was before it.
  • In every case, the structure of social networks has become one in which a handful of accounts create most of the content that others see, and the role of everyone else on the network is, primarily, to amplify and consume that content,
  • Some, like Magana, believe we’ll eventually see an ever more complete blending of what were once “social” platforms with the traditional television networks and even film studios.  
  • aren’t convinced they’ll eat the rest of the entertainment industry. “It’s hard to say this kind of short-form video will be the only kind of TV,” she reflects. “A long time ago, the internet became the new thing, but we still have the other forms on television, and scripted streaming shows. It’s almost like this is just another avenue for that—of watching shows and movies on your phone.”
Javier E

Opinion | There's a Reason There Aren't Enough Teachers in America. Many Reasons, Actua... - 0 views

  • Here are just a few of the longstanding problems plaguing American education: a generalized decline in literacy; the faltering international performance of American students; an inability to recruit enough qualified college graduates into the teaching profession; a lack of trained and able substitutes to fill teacher shortages; unequal access to educational resources; inadequate funding for schools; stagnant compensation for teachers; heavier workloads; declining prestige; and deteriorating faculty morale.
  • Nine-year-old students earlier this year revealed “the largest average score decline in reading since 1990, and the first ever score decline in mathematics,”
  • In the latest comparison of fourth grade reading ability, the United States ranked below 15 countries, including Russia, Ireland, Poland and Bulgaria.
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  • Teachers are not only burnt out and undercompensated, they are also demoralized. They are being asked to do things in the name of teaching that they believe are mis-educational and harmful to students and the profession. What made this work good for them is no longer accessible. That is why we are hearing so many refrains of “I’m not leaving the profession, my profession left me.”
  • We find there are at least 36,000 vacant positions along with at least 163,000 positions being held by underqualified teachers, both of which are conservative estimates of the extent of teacher shortages nationally.
  • “The current problem of teacher shortages (I would further break this down into vacancy and under-qualification) is higher than normal.” The data, Nguyen continued, “indicate that shortages are worsening over time, particularly over the last few years
  • a growing gap between the pay of all college graduates and teacher salaries from 1979 to 2021, with a sharp increase in the differential since 2010
  • The number of qualified teachers is declining for the whole country and the vast majority of states.
  • Wages are essentially unchanged from 2000 to 2020 after adjusting for inflation. Teachers have about the same number of students. But, teacher accountability reforms have increased the demands on their positions.
  • The pandemic was very difficult for teachers. Their self-reported level of stress was about as twice as high during the pandemic compared to other working adults. Teachers had to worry both about their personal safety and deal with teaching/caring for students who are grieving lost family members.
  • the number of students graduating from college with bachelor’s degrees in education fell from 176,307 in 1970-71 to 104,008 in 2010-11 to 85,058 in 2019-20.
  • We do see that southern states (e.g., Mississippi, Alabama, Georgia and Florida) have very high vacancies and high vacancy rates.”
  • By 2021, teachers made $1,348, 32.9 percent less than what other graduates made, at $2,009.
  • These gaps play a significant role in determining the quality of teachers,
  • Sixty percent of teachers and 65 percent of principals reported believing that systemic racism exists. Only about 20 percent of teachers and principals reported that they believe systemic racism does not exist, and the remainder were not sure
  • “We find,” they write, “that teachers’ cognitive skills differ widely among nations — and that these differences matter greatly for students’ success in school. An increase of one standard deviation in teacher cognitive skills is associated with an increase of 10 to 15 percent of a standard deviation in student performance.”
  • teachers have lower cognitive skills, on average, in countries with greater nonteaching job opportunities for women in high-skill occupations and where teaching pays relatively less than other professions.
  • the scholars found that the cognitive skills of teachers in the United States fell in the middle ranks:Teachers in the United States perform worse than the average teacher sample-wide in numeracy, with a median score of 284 points out of a possible 500, compared to the sample-wide average of 292 points. In literacy, they perform slightly better than average, with a median score of 301 points compared to the sample-wide average of 295 points.
  • Increasing teacher numeracy skills by one standard deviation increases student performance by nearly 15 percent of a standard deviation on the PISA math test. Our estimate of the effect of increasing teacher literacy skills on students’ reading performance is slightly smaller, at 10 percent of a standard deviation.
  • How, then, to raise teacher skill level in the United States? Hanushek and his two colleagues have a simple answer: raise teacher pay to make it as attractive to college graduates as high-skill jobs in other fields.
  • policymakers will need to do more than raise teacher pay across the board to ensure positive results. They must ensure that higher salaries go to more effective teachers.
  • The teaching of disputed subjects in schools has compounded many of the difficulties in American education.
  • The researchers found that controversies over critical race theory, sex education and transgender issues — aggravated by divisive debates over responses to Covid and its aftermath — are inflicting a heavy toll on teachers and principals.
  • “On top of the herculean task of carrying out the essential functions of their jobs,” they write, “educators increasingly find themselves in the position of addressing contentious, politicized issues in their schools as the United States has experienced increasing political polarization.”
  • Teachers and principals, they add, “have been pulled in multiple directions as they try to balance and reconcile not only their own beliefs on such matters but also the beliefs of others around them, including their leaders, fellow staff, students, and students’ family members.”
  • These conflicting pressures take place in a climate where “emotions in response to these issues have run high within communities, resulting in the harassment of educators, bans against literature depicting diverse characters, and calls for increased parental involvement in deciding academic content.”
  • Forty-eight percent of principals and 40 percent of teachers reported that the intrusion of political issues and opinions in school leadership or teaching, respectively, was a job-related stressor. By comparison, only 16 percent of working adults indicated that the intrusion of political issues and opinions in their jobs was a source of job-related stress
  • In 1979, the average teacher weekly salary (in 2021 dollars) was $1,052, 22.9 percent less than other college graduates’, at $1,364
  • Nearly all Black or African American principals (92 percent) and teachers (87 percent) reported believing that systemic racism exists.
  • White educators working in predominantly white school systems reported substantially more pressure to deal with politically divisive issues than educators of color and those working in mostly minority schools: “Forty-one percent of white teachers and 52 percent of white teachers and principals selected the intrusion of political issues and opinions into their professions as a job-related stressor, compared with 36 percent of teachers of color and principals of color.
  • and opinions into their professions as a job-related stressor, compar
  • A 54 percent majority of teachers and principals said there “should not be legal limits on classroom conversations about racism, sexism, and other topics,” while 20 percent said there should be legislated constraint
  • Voters, in turn, are highly polarized on the teaching of issues impinging on race or ethnicity in public schools. The Education Next 2022 Survey asked, for example:Some people think their local public schools place too little emphasis on slavery, racism and other challenges faced by Black people in the United States. Other people think their local public schools place too much emphasis on these topics. What is your view about your local public schools?
  • Among Democrats, 55 percent said too little emphasis was placed on slavery, racism and other challenges faced by Black people, and 8 percent said too much.
  • Among Republicans, 51 said too much and 10 percent said too little.
  • Because of the lack of reliable national data, there is widespread disagreement among scholars of education over the scope and severity of the shortage of credentialed teachers, although there is more agreement that these problems are worse in low-income, high majority-minority school systems and in STEM and special education faculties.
  • Public schools increasingly are targets of conservative political groups focusing on what they term “Critical Race Theory,” as well as issues of sexuality and gender identity. These political conflicts have created a broad chilling effect that has limited opportunities for students to practice respectful dialogue on controversial topics and made it harder to address rampant misinformation.
  • The chilling effect also has led to marked declines in general support for teaching about race, racism, and racial and ethnic diversity.
  • These political conflicts, the authors wrote,have made the already hard work of public education more difficult, undermining school management, negatively impacting staff, and heightening student stress and anxiety. Several principals shared that they were reconsidering their own roles in public education in light of the rage at teachers and rage at administrators’ playing out in their communities.
  • State University of New York tracked trends on “four interrelated constructs: professional prestige, interest among students, preparation for entry, and job satisfaction” for 50 years, from the 1970s to the present and founda consistent and dynamic pattern across every measure: a rapid decline in the 1970s, a swift rise in the 1980s, relative stability for two decades, and a sustained drop beginning around 2010. The current state of the teaching profession is at or near its lowest levels in 50 years.
  • Who among the next generation of college graduates will choose to teach?
  • Perceptions of teacher prestige have fallen between 20 percent and 47 percent in the last decade to be at or near the lowest levels recorded over the last half century
  • Interest in the teaching profession among high school seniors and college freshmen has fallen 50 percent since the 1990s, and 38 percent since 2010, reaching the lowest level in the last 50 years
  • the proportion of college graduates that go into teaching is at a 50-year low
  • Teachers’ job satisfaction is also at the lowest level in five decades, with the percent of teachers who feel the stress of their job is worth it dropping from 81 percent to 42 percent in the last 15 years
  • The combination of these factors — declining prestige, lower pay than other professions that require a college education, increased workloads, and political and ideological pressures — is creating both intended and unintended consequences for teacher accountability reforms mandating tougher licensing rules, evaluations and skill testing.
  • Education policy over the past decade has focused considerable effort on improving human capital in schools through teacher accountability. These reforms, and the research upon which they drew, were based on strong assumptions about how accountability would affect who decided to become a teacher. Counter to most assumptions, our findings document how teacher accountability reduced the supply of new teacher candidates by, in part, decreasing perceived job security, satisfaction and autonomy.
  • The reforms, Kraft and colleagues continued, increasedthe likelihood that schools could not fill vacant teaching positions. Even more concerning, effects on unfilled vacancies were concentrated in hard-to-staff schools that often serve larger populations of low-income students and students of color
  • We find that evaluation reforms increased the quality of newly hired novice teachers by reducing the number of teachers that graduated from the least selective institutions
  • We find no evidence that evaluation reforms served to attract teachers who attended the most selective undergraduate institutions.
  • In other words, the economic incentives, salary structure and work-life pressures characteristic of public education employment have created a climate in which contemporary education reforms have perverse and unintended consequences that can worsen rather than alleviate the problems facing school systems.
  • If so, to improve the overall quality of the nation’s more than three million public schoolteachers, reformers may want to give priority to paychecks, working conditions, teacher autonomy and punishing workloads before attempting to impose higher standards, tougher evaluations and less job security.
Javier E

Malware That Drains Your Bank Account Thriving On Facebook - NYTimes.com - 0 views

  • In case you needed further evidence that the White Hats are losing the war on cybercrime, a six-year-old so-called Trojan horse program that drains bank accounts is alive and well on Facebook. Zeus is a particularly nasty Trojan horse that has infected millions of computers, most of them in the United States. Once Zeus has compromised a computer, it stays dormant until a victim logs into a bank site, and then it steals the victim’s passwords and drains the victim’s accounts
Javier E

What Americans Keep Ignoring About Finland's School Success - Anu Partanen - National -... - 0 views

  • there are certain things nobody in America really wants to talk about.
  • "Oh," he mentioned at one point, "and there are no private schools in Finland."
  • Only a small number of independent schools exist in Finland, and even they are all publicly financed. None is allowed to charge tuition fees. There are no private universities, either. This means that practically every person in Finland attends public school, whether for pre-K or a Ph.D.
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  • Americans are consistently obsessed with certain questions: How can you keep track of students' performance if you don't test them constantly? How can you improve teaching if you have no accountability for bad teachers or merit pay for good teachers? How do you foster competition and engage the private sector? How do you provide school choice?
  • The answers Finland provides seem to run counter to just about everything America's school reformers are trying to do.
  • Finland has no standardized tests
  • Instead, the public school system's teachers are trained to assess children in classrooms using independent tests they create themselves.
  • As for accountability of teachers and administrators, Sahlberg shrugs. "There's no word for accountability in Finnish," he later told an audience at the Teachers College of Columbia University. "Accountability is something that is left when responsibility has been subtracted."
  • For Sahlberg what matters is that in Finland all teachers and administrators are given prestige, decent pay, and a lot of responsibility. A master's degree is required to enter the profession, and teacher training programs are among the most selective professional schools in the country. If a teacher is bad, it is the principal's responsibility to notice and deal with it
  • Decades ago, when the Finnish school system was badly in need of reform, the goal of the program that Finland instituted, resulting in so much success today, was never excellence. It was equity.
  • There are no lists of best schools or teachers in Finland. The main driver of education policy is not competition between teachers and between schools, but cooperation
  • in Finland, school choice is noticeably not a priority, nor is engaging the private sector at all.
  • And while Americans love to talk about competition, Sahlberg points out that nothing makes Finns more uncomfortable.
  • ince the 1980s, the main driver of Finnish education policy has been the idea that every child should have exactly the same opportunity to learn, regardless of family background, income, or geographic location. Education has been seen first and foremost not as a way to produce star performers, but as an instrument to even out social inequality.
  • this means that schools should be healthy, safe environments for children. This starts with the basics. Finland offers all pupils free school meals, easy access to health care, psychological counseling, and individualized student guidance.
  • Samuel Abrams, a visiting scholar at Columbia University's Teachers College, has addressed the effects of size and homogeneity on a nation's education performance by comparing Finland with another Nordic country: Norway. Like Finland, Norway is small and not especially diverse overall, but unlike Finland it has taken an approach to education that is more American than Finnish. The result? Mediocre performance in the PISA survey
  • the goal of educational policy in the U.S. -- as articulated by most everyone from President Obama on down -- is to preserve American competitiveness by doing the same thing. Finland's experience suggests that to win at that game, a country has to prepare not just some of its population well, but all of its population well, for the new economy. To possess some of the best schools in the world might still not be good enough if there are children being left behind.
  • Finland's dream was that we want to have a good public education for every child regardless of where they go to school or what kind of families they come from, and many even in Finland said it couldn't be done." Clearly, many were wrong. It is possible to create equality
  • Finland's experience shows that it is possible to achieve excellence by focusing not on competition, but on cooperation, and not on choice, but on equity.
Javier E

When Cops Check Facebook - The Atlantic - 0 views

  • The fundamental problem with policing via social-media data is that it misrepresents what social networks actually look like on the ground. Despite what techno-evangelists might wish, not all social relationships can be described using computational logic
  • The problem is structural and epistemological. Like all computer programs, databases are ultimately based on binary logic. If you want shades of meaning, you have to explicitly build that capability into your system. And building nuance is far harder than it seems.
  • On Facebook, there are only two options for a post: either you click the like button, or you don’t click the like button. There’s no field for someone like Jelani Henry to indicate “I clicked the like button on this post so I wouldn’t get harassed on my way to school.” A like is simply a number used as a flag, true (1) or false (0). Humans are the ones who invest likes with context and meaning. The computer only displays the results of its computation.
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  • When you click to show the list of people who “liked” a post, you probably think you’re getting a list of people who expressed positive sentiment toward a particular combination of sentences. But computationally, what you’re getting is slightly different. “Show me a list of the people who liked a Facebook post” is actually a command more like “Display a list of FirstName and LastName for usernames where the flag LikedThisPost = True.” There are a lot of assumptions built in there.
  • There’s the assumption that the username corresponds to a single real person, which is not always true—people have multiple Facebook accounts, and some accounts have multiple people posting to them, and some accounts are fake
  • There’s the assumption that the agent that clicked the like button is the same person referred to by the username—not necessarily true. People often forget to log out of their Facebook accounts on desktops and laptops, or use other people’s phones to browse social media
  • A like button is merely a tool. Humans use tools in breathtakingly creative ways—this is one of the many exciting and inspiring things about social uses of technology. However, the meaning a person imparts to an action on a social-media platform does not always correspond to the actual intent. In real-life social interactions, nuance is everything. On social media, where that nuance is obscured, we ought to be hyper-critical about the ethical ramifications of using social media data for real-world judgments.
  • For the kid listed in a gang database, it can be unclear how to get out of it. In the world of human interaction, we accept change through behavior: the addict can redeem himself by getting clean, or the habitual interrupter can redeem himself by not interrupting. We accept behavior change. But in the database world, unless someone has permission to delete or amend a database record, no such change is possible
  • The National Gang Center, in its list of gang-related legislation, shows only 12 states with policies that specifically address gang databases. Most deny the public access to the information in these databases. Only a few of these twelve mention regular purging of information, and some specifically say that a person cannot even find out if they have a record in the database
  • . “The last time that the gang unit purged its files, however, was in 1993—approximately 4 years before this study was conducted,” he wrote. “One clerk who is responsible for data entry and dissemination estimated, ‘At a minimum, 400 to 500 gang members would be deleted off the gang list today if we went through the files.
  • n predict what book I want to buy next, hasn’t this problem already been solved?” The answer is inevitably no. When computer scientists were building the Internet in the late 1990s, there weren’t any widely adopted or established ethical guidelines because we were building these systems for the first time in human history.
  • We also need to acknowledge that computer systems are not a panacea. “Your program really does stink, and the sooner you get used to the idea, the better,” writes Nathan S. Borenstein in Programming as if People Mattered. “The inadequacies of your software are simply a reflection of your frail, shortsighted, and limited human nature. Every program ever built is doomed to eventual obsolescence.” We need to put people before programs, and if programs don’t reflect our human values, we need to change the code. And if programmers can’t write code that is fair and just, we should consider relying on people instead of programs.
  • If American law enforcement is going to go deeper into the brave new world of data-driven policing, we need to create systems that have human values embedded in them. If our technological systems are entrapping innocent citizens or tampering with the presumption of innocence, should they be used?
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