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katherineharron

Feds on high alert Thursday after warnings about potential threats to US Capitol - CNNP... - 0 views

  • Federal law enforcement is on high alert Thursday in the wake of an intelligence bulletin issued earlier this week about a group of violent militia extremists having discussed plans to take control of the US Capitol and remove Democratic lawmakers on or around March 4 -- a date when some conspiracy theorists believe former President Donald Trump will be returning to the presidency.
  • The House changed its schedule in light of warnings from US Capitol Police, moving a vote planned for Thursday to Wednesday night to avoid being in session on March 4. The Senate is still expected to be in session debating the Covid-19 relief bill.
  • Those intelligence sharing and planning failures have been laid bare over the last two months in several hearings and have been a focal point of criticism from lawmakers investigating the violent attack that left several people dead.
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  • The violent extremists also discussed plans to persuade thousands to travel to Washington, DC, to participate in the March 4 plot, according to the joint intelligence bulletin.
  • it is mostly online talk and not necessarily an indication anyone is coming to Washington to act on it. Read More
  • Some of the conspiracy theorists believe that the former President will be inaugurated on March 4, according to the joint bulletin. Between 1793 and 1933, inauguration often fell on March 4 or a surrounding date.
  • Pittman assured lawmakers, though, that her department is in an "enhanced" security posture and that the National Guard and Capitol Police have been briefed on what to expect in the coming days.
  • The effort to improve preparation extends to communicating with state and local officials. DHS held a call Wednesday with state and local law enforcement officials from around the country to discuss current threats posed by domestic extremists, including concerns about potential violence surrounding March 4 and beyond, according to two sources familiar with the matter. While specific details from the call remain unclear, both sources said the overarching message from DHS officials is that addressing threats posed by domestic extremists requires increased communication and intelligence sharing across federal and state and local entities, as well as a shift in how law enforcement officials interpret the information they receive.
  • Federal officials are emphasizing the point that gaps in intelligence sharing left law enforcement unprepared for the chaos that unfolded on January 6, even though they were notified of potential violence days before the attack, and that going forward, bulletins issued by DHS and FBI indicate a threat is serious enough to be communicated to relevant entities, even if the intelligence is based primarily on online chatter or other less definitive indicators, the sources said.
  • Perceived election fraud and other conspiracy theories associated with the presidential transition may contribute to violence with little or no warning, according to the bulletin, which is part of a series of intelligence products to highlight potential domestic violent extremist threats to the Washington, DC, region. "Given that the Capitol complex is currently fortified like a military installation, I don't anticipate any successful attacks against the property," said Brian Harrell, the former assistant secretary for infrastructure protection at DHS. "However, all threats should be taken seriously and investigations launched against those who would call for violence. We continue to see far-right extremist groups that are fueled by misinformation and conspiracy theories quickly become the most dangerous threat to society."
  • "You really cannot underestimate the potential that an individual or a small group of individuals will engage in violence because they believe a false narrative that they're seeing online,"
  • Although March 4 is a concern to law enforcement, it's not a "standalone event," the official said; rather, it's part of a "continuum of violence" based domestic extremist conspiracy theories. "It's a threat that continues to be of concern to law enforcement. And I suspect that we are going to have to be focused on it for months to come," the official said.
  • Pittman warned last month that militia groups involved in the January 6 insurrection want to "blow up the Capitol" and "kill as many members as possible" when President Joe Biden addresses a joint session of Congress.
Javier E

The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices - Derek ... - 0 views

  • Atlantic.displayRandomElement('#header li.business .sponsored-dropdown-item'); Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website. More Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC. All Posts RSS feed Share Share on facebook Share on linkedin Share on twitter « Previous Thompson Email Print Close function plusOneCallback () { $(document).trigger('share'); } $(document).ready(function() { var iframeUrl = "\/ad\/thanks-iframe\/TheAtlanticOnline\/channel_business;src=blog;by=derek-thompson;title=the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices;pos=sharing;sz=640x480,336x280,300x250"; var toolsClicked = false; $('#toolsTop').click(function() { toolsClicked = 'top'; }); $('#toolsBottom').click(function() { toolsClicked = 'bottom'; }); $('#thanksForSharing a.hide').click(function() { $('#thanksForSharing').hide(); }); var onShareClickHandler = function() { var top = parseInt($(this).css('top').replace(/px/, ''), 10); toolsClicked = (top > 600) ? 'bottom' : 'top'; }; var onIframeReady = function(iframe) { var win = iframe.contentWindow; // Don't show the box if there's no ad in it if (win.$('.ad').children().length == 1) { return; } var visibleAds = win.$('.ad').filter(function() { return !($(this).css('display') == 'none'); }); if (visibleAds.length == 0) { // Ad is hidden, so don't show return; } if (win.$('.ad').hasClass('adNotLoaded')) { // Ad failed to load so don't show return; } $('#thanksForSharing').css('display', 'block'); var top; if(toolsClicked == 'bottom' && $('#toolsBottom').length) { top = $('#toolsBottom')[0].offsetTop + $('#toolsBottom').height() - 310; } else { top = $('#toolsTop')[0].offsetTop + $('#toolsTop').height() + 10; } $('#thanksForSharing').css('left', (-$('#toolsTop').offset().left + 60) + 'px'); $('#thanksForSharing').css('top', top + 'px'); }; var onShare = function() { // Close "Share successful!" AddThis plugin popup if (window._atw && window._atw.clb && $('#at15s:visible').length) { _atw.clb(); } if (iframeUrl == null) { return; } $('#thanksForSharingIframe').attr('src', "\/ad\/thanks-iframe\/TheAtlanticOnline\/channel_business;src=blog;by=derek-thompson;title=the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices;pos=sharing;sz=640x480,336x280,300x250"); $('#thanksForSharingIframe').load(function() { var iframe = this; var win = iframe.contentWindow; if (win.loaded) { onIframeReady(iframe); } else { win.$(iframe.contentDocument).ready(function() { onIframeReady(iframe); }) } }); }; if (window.addthis) { addthis.addEventListener('addthis.ready', function() { $('.articleTools .share').mouseover(function() { $('#at15s').unbind('click', onShareClickHandler); $('#at15s').bind('click', onShareClickHandler); }); }); addthis.addEventListener('addthis.menu.share', function(evt) { onShare(); }); } // This 'share' event is used for testing, so one can call // $(document).trigger('share') to get the thank you for // sharing box to appear. $(document).bind('share', function(event) { onShare(); }); if (!window.FB || (window.FB && !window.FB._apiKey)) { // Hook into the fbAsyncInit function and register our listener there var oldFbAsyncInit = (window.fbAsyncInit) ? window.fbAsyncInit : (function() { }); window.fbAsyncInit = function() { oldFbAsyncInit(); FB.Event.subscribe('edge.create', function(response) { // to hide the facebook comments box $('#facebookLike span.fb_edge_comment_widget').hide(); onShare(); }); }; } else if (window.FB) { FB.Event.subscribe('edge.create', function(response) { // to hide the facebook comments box $('#facebookLike span.fb_edge_comment_widget').hide(); onShare(); }); } }); The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices By Derek Thompson he
  • First, making a choice is physically exhausting, literally, so that somebody forced to make a number of decisions in a row is likely to get lazy and dumb.
  • Second, having too many choices can make us less likely to come to a conclusion. In a famous study of the so-called "paradox of choice", psychologists Mark Lepper and Sheena Iyengar found that customers presented with six jam varieties were more likely to buy one than customers offered a choice of 24.
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  • neurologists are finding that many of the biases behavioral economists perceive in decision-making start in our brains. "Brain studies indicate that organisms seem to be on a hedonic treadmill, quickly habituating to homeostasis," McFadden writes. In other words, perhaps our preference for the status quo isn't just figuratively our heads, but also literally sculpted by the hand of evolution inside of our brains.
  • The third check against the theory of the rational consumer is the fact that we're social animals. We let our friends and family and tribes do our thinking for us
  • Many of our mistakes stem from a central "availability bias." Our brains are computers, and we like to access recently opened files, even though many decisions require a deep body of information that might require some searching. Cheap example: We remember the first, last, and peak moments of certain experiences.
  • The popular psychological theory of "hyperbolic discounting" says people don't properly evaluate rewards over time. The theory seeks to explain why many groups -- nappers, procrastinators, Congress -- take rewards now and pain later, over and over again. But neurology suggests that it hardly makes sense to speak of "the brain," in the singular, because it's two very different parts of the brain that process choices for now and later. The choice to delay gratification is mostly processed in the frontal system. But studies show that the choice to do something immediately gratifying is processed in a different system, the limbic system, which is more viscerally connected to our behavior, our "reward pathways," and our feelings of pain and pleasure.
  • the final message is that neither the physiology of pleasure nor the methods we use to make choices are as simple or as single-minded as the classical economists thought. A lot of behavior is consistent with pursuit of self-interest, but in novel or ambiguous decision-making environments there is a good chance that our habits will fail us and inconsistencies in the way we process information will undo us.
  • Our brains seem to operate like committees, assigning some tasks to the limbic system, others to the frontal system. The "switchboard" does not seem to achieve complete, consistent communication between different parts of the brain. Pleasure and pain are experienced in the limbic system, but not on one fixed "utility" or "self-interest" scale. Pleasure and pain have distinct neural pathways, and these pathways adapt quickly to homeostasis, with sensation coming from changes rather than levels
  • Social networks are sources of information, on what products are available, what their features are, and how your friends like them. If the information is accurate, this should help you make better choices. On the other hand, it also makes it easier for you to follow the crowd rather than engaging in the due diligence of collecting and evaluating your own information and playing it against your own preferences
Javier E

How 2020 Forced Facebook and Twitter to Step In - The Atlantic - 0 views

  • mainstream platforms learned their lesson, accepting that they should intervene aggressively in more and more cases when users post content that might cause social harm.
  • During the wildfires in the American West in September, Facebook and Twitter took down false claims about their cause, even though the platforms had not done the same when large parts of Australia were engulfed in flames at the start of the year
  • Twitter, Facebook, and YouTube cracked down on QAnon, a sprawling, incoherent, and constantly evolving conspiracy theory, even though its borders are hard to delineate.
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  • As platforms grow more comfortable with their power, they are recognizing that they have options beyond taking posts down or leaving them up. In addition to warning labels, Facebook implemented other “break glass” measures to stem misinformation as the election approached.
  • Nothing symbolizes this shift as neatly as Facebook’s decision in October (and Twitter’s shortly after) to start banning Holocaust denial. Almost exactly a year earlier, Zuckerberg had proudly tied himself to the First Amendment in a widely publicized “stand for free expression” at Georgetown University.
  • The evolution continues. Facebook announced earlier this month that it will join platforms such as YouTube and TikTok in removing, not merely labeling or down-ranking, false claims about COVID-19 vaccines.
  • the pandemic also showed that complete neutrality is impossible. Even though it’s not clear that removing content outright is the best way to correct misperceptions, Facebook and other platforms plainly want to signal that, at least in the current crisis, they don’t want to be seen as feeding people information that might kill them.
  • It tweaked its algorithm to boost authoritative sources in the news feed and turned off recommendations to join groups based around political or social issues. Facebook is reversing some of these steps now, but it cannot make people forget this toolbox exists in the future
  • Down-ranking, labeling, or deleting content on an internet platform does not address the social or political circumstances that caused it to be posted in the first place
  • Even before the pandemic, YouTube had begun adjusting its recommendation algorithm to reduce the spread of borderline and harmful content, and is introducing pop-up nudges to encourage user
  • Platforms don’t deserve praise for belatedly noticing dumpster fires that they helped create and affixing unobtrusive labels to them
  • Warning labels for misinformation might make some commentators feel a little better, but whether labels actually do much to contain the spread of false information is still unknown.
  • News reporting suggests that insiders at Facebook knew they could and should do more about misinformation, but higher-ups vetoed their ideas. YouTube barely acted to stem the flood of misinformation about election results on its platform.
  • When internet platforms announce new policies, assessing whether they can and will enforce them consistently has always been difficult. In essence, the companies are grading their own work. But too often what can be gleaned from the outside suggests that they’re failing.
  • And if 2020 finally made clear to platforms the need for greater content moderation, it also exposed the inevitable limits of content moderation.
  • Content moderation comes to every content platform eventually, and platforms are starting to realize this faster than ever.
  • even the most powerful platform will never be able to fully compensate for the failures of other governing institutions or be able to stop the leader of the free world from constructing an alternative reality when a whole media ecosystem is ready and willing to enable him. As Renée DiResta wrote in The Atlantic last month, “reducing the supply of misinformation doesn’t eliminate the demand.”
  • Even so, this year’s events showed that nothing is innate, inevitable, or immutable about platforms as they currently exist. The possibilities for what they might become—and what role they will play in society—are limited more by imagination than any fixed technological constraint, and the companies appear more willing to experiment than ever.
leilamulveny

Twitter Bans President Trump's Personal Account Permanently - WSJ - 0 views

  • citing the risk of further incitement of violence and closing off one of his main communication tools following the attack on the U.S. Capitol by a mob of his followers.
  • pressure on the platforms to do more to prevent additional violence.
  • Twitter had initially suspended Mr. Trump from posting on a temporary basis that Wednesday night, saying his tweets had violated its policies. The social-media company allowed him to resume posting on Thursday. Facebook Inc., FB -0.44% which temporarily suspended Mr. Trump’s account after the riot, said Thursday that it would extend that action indefinitely—and at least through the end of Mr. Trump’s term. Many critics of the president had called on Twitter to take more severe action as well.
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  • “Twitter employees have coordinated with the Democrats and the Radical Left in removing my account from their platform, to silence me — and YOU, the 75,000,000 great patriots who voted for me,” the posts said. They added: “We have been negotiating with various other sites, and will have a big announcement soon, while we also look at the possibilities of building out our own platform in the near future. We will not be SILENCED!”
  • Twitter removed those new tweets from the @POTUS account soon after they were posted, saying the move was consistent with its policy against using other accounts to try to evade a suspension. “For government accounts, such as @POTUS and @WhiteHouse, we will not suspend those accounts permanently but will take action to limit their use,” a Twitter representative said.
  • Twitter and Facebook’s actions to shut off two of the largest megaphones Mr. Trump has relied on for years to communicate with the public highlights the difficult position social-media platforms face in regulating controversial content on their platforms.
  • Mr. Trump had more than 88 million followers on Twitter and more than 35 million on Facebook.
  • Google said it acted because of “continued posting in the Parler app that seeks to incite ongoing violence in the U.S.,” which violated its requirements for sufficient moderation of egregious content for apps it distributes.
  • “In light of this ongoing and urgent public safety threat, we are suspending the app’s listings from the Play Store until it addresses these issues,” a Google representative said.
  • Mr. Trump had tweeted three times since regaining account access Thursday. In his first post, he tweeted a video condemning the violence at the Capitol and acknowledging that a new administration would be inaugurated Jan. 20, without specifically naming Mr. Biden and Vice President-elect Kamala Harris.
  • They will not be disrespected or treated unfairly in any way, shape or form!!!”
  • Mr. Trump won more than 74 million votes, seven million less than Joe Biden received.
  • “These two Tweets must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences, including to incite violence, as well as in the context of the pattern of behavior from this account in recent weeks.”
  • Twitter earlier Friday shut off the accounts of Michael Flynn, Mr. Trump’s former national security adviser, and Sidney Powell, a lawyer who worked alongside Mr. Trump’s legal team. The company also said Friday that it suspended several accounts associated with the far-right conspiracy group QAnon for violating its policy on coordinated harmful activity.
  • “the world’s largest social media companies finally do the right thing and deplatform the inciter-in-chief before another person is killed or another cherished piece of our democracy is violated.”
Javier E

Class-Divided Cities: San Francisco Edition - Richard Florida and Sara Johnson - The At... - 0 views

  • Maps Class-Divided Cities: San Francisco Edition Richard Florida and Sara Johnson 11:05 AM ET 9 Comments inShare4 Share Print Share on emailEmail Author's Note: This is the 11th of a series of posts that explore the class divides across America's largest cities and metros. Using data from the American Community Survey, each post explores the geography of class within a large city and metro area. For a detailed description of methodology, see the first post in the series. The map above charts the geography of class for the city of San Francisco. The creative class lives in the areas that are shaded in purple, the red areas are primarily service class, and the blue are working class. Each colored space on the map is a Census tract, a small area within a city or county that can be even smaller than a neighborhood.
  • Most of the city proper is purple, reflecting a large creative class concentration in some of the most sought-after neighborhoods such as Pacific Heights and Russian Hill. SoMa or South of Market, which stretches below Market Street along the eastern part of the city south of the Bay Bridge, is an area of mixed-use and warehouse buildings that are now home to the city's tech scene, including lots of start-up companies as well as big names like Twitter, Zynga, and Airbnb.
Javier E

The EpiPen, a Case Study in Health System Dysfunction - The New York Times - 0 views

  • the story of EpiPens can also explain so much of what’s wrong with our health care system.
  • Epinephrine is very, very cheap. Even in the developing world, it costs less than a dollar per milliliter, and there’s less than a third of that in an EpiPen.
  • The EpiPen isn’t new; it has been in use since 1977. Research and development costs were recouped long ago. Nine years ago, it was bought by the pharmaceutical company Mylan, which then began to sell the device. When Mylan bought it, EpiPens cost about $57 each.
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  • Unfortunately, epinephrine is inherently unstable. Research shows that it degrades pretty quickly over time, and it’s recommended that EpiPens be replaced every year.
  • Mylan stopped selling individual EpiPens and began to sell only twin-packs.It also raised the price.
  • Kids need them in many places. They need them at home. They need them at school. They need them at camp. They may even want to stash one at Grandma’s house. So people often need to buy quite a few.More revenue for Mylan. And it raised the price.
  • Then in 2010, federal guidelines changed to recommend that two EpiPens be sold in a package instead of one
  • People in anaphylaxis need a full dose every time. They therefore need to replace all their EpiPens every year, again and again.
  • In 2013, the government went further. It passed a law that gave funding preferences for asthma treatment grants to states that maintained an emergency supply of EpiPens. As the near sole supplier of the devices, Mylan stood to make even more money. Advertisement Continue reading the main story That year, Mylan raised the price again.
  • Of course, competition would bring the price down. But it’s very hard to bring such a device to market.
  • setbacks, all in the last year, have once again left Mylan with a veritable run of the market. It raised the price of EpiPens again. As of this May, they cost more than $600 a pack. Since 2004, after adjusting for inflation, the price of EpiPens has risen more than 450 percent.
  • An alternative still exists. The Adrenaclick, while still not cheap, is back and less expensive than the EpiPen. Some think it’s harder to use, though. It’s not on the accepted list for many health insurance plans. More important, few physicians think of it. Because of that, they write prescriptions for EpiPens. Since the Adrenaclick is not a generic version of the EpiPen, pharmacists can’t substitute one for the other. A prescription for an EpiPen must be filled with an EpiPen, regardless of what consumers might want.
  • you could argue that they’re an alternative when the “Cadillac” EpiPens are financially out of reach. Write A Comment But those are unsatisfactory arguments. Epinephrine isn’t an elective medication. It doesn’t last, so people need to purchase the drug repeatedly. There’s little competition, but there are huge hurdles to enter the market, so a company can raise the price again and again with little pushback. The government encourages the product’s use, but makes no effort to control its cost. Insurance coverage shields some from the expense, allowing higher prices, but leaves those most at-risk most exposed to extreme out-of-pocket outlays. The poor are the most likely to consider going without because they can’t afford it.
  • EpiPens are a perfect example of a health care nightmare. They’re also just a typical example of the dysfunction of the American health care system.
malonema1

The Pritzker Prize, Architecture's Most Prestigious Award, Gets Political | WIRED - 0 views

  • Even Architecture Prizes Are Political In This Crazy World Related Galleries Stunning Images Show the Earth's Imperiled Water Even Architecture Prizes Are Political In This Crazy World The FCC Graciously Sets Internet Providers Free to Sell Your Data Keeping Fentanyl Out of the US Will Take More Than a Wall Range Rover's New Baby SUV Will Swaddle You for $50,000
  • “Each building can only be in the place that it is located,”
  • “That place involves the climate, the topography, the history, the culture, and the landscape, including the sky and the stars. Yet you don’t have to be from that place to experience it, to feel uplifted, or feel at peace, or feel emotional, or feel good.” Put differently, RCR Arquitectes stands in as a metaphor for appreciating otherness in the world.
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  • Consider RCR Arquitectes’ choice to run its shop in a town of 30,000 people, instead of the nearby metropolis Barcelona. It’s quaint in that way—practically mom-and-pop. Yet, the firm’s three architects work collaboratively, building open structures that anyone can enjoy, the jury says. It’s a much lighter declaration than choosing, say, a woman like Jeanne Gang or an Iranian practice like Admun Studio.
  • RCR Arquitectes’s buildings evoke the same sentiment, by letting light and greenery inside.
Javier E

A Spectacular, Colorful Chart of Who Works (and Who Doesn't Work) in America Today - De... - 1 views

  • If 37 percent of American adults aren't in the labor force, what are they doing?
  • More 19inShare Email Print The share of American adults who are either working or actively looking for work -- i.e.: the labor force participation rate -- fell to its lowest point since 1979
  • The reason the labor force's share of the country is shrinking has to do with both economics and demographics. We're becoming an older country
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  • College matriculation rates also rose through the recession as the opportunity cost of going to school fell
  • But much of the decline in labor force participation is that one thing that not even the most ambitious policy wonk could ever imagine reversing. That thing is time. Older countries work less.
lindsayweber1

Merkel Coalition Seeks to Punish Social Media for Hate Speech - Bloomberg - 0 views

  • Chancellor Angela Merkel’s government plans to fine social media networks such as Facebook Inc. and Twitter Inc. if they fail to combat hate speech, as German officials accuse media companies of being too slow to take action.
katyshannon

Europe-U.S. data transfer deal used by many firms ruled invalid | Reuters - 0 views

  • The EU's highest court struck down a deal that allows thousands of companies to easily transfer personal data from Europe to the United States, in a landmark ruling on Tuesday that follows revelations of mass U.S. government snooping.
  • Many companies, both U.S. and European, use the Safe Harbor system to help them get around cumbersome checks to transfer data between offices on both sides of the Atlantic. That includes payroll and human resources information as well as lucrative data used for online advertising, which is of particular importance to tech companies.
  • But the decision by the Court of Justice of the European Union (ECJ) sounds the death knell for the system, set up by the European Commission 15 years ago. It is used by over 4,000 firms including IBM (IBM.N), Google (GOOGL.O) and Ericsson (ERICb.ST).The court said Safe Harbor did not sufficiently protect EU citizens' personal data since the requirements of American national security, public interest and law enforcement trumped the privacy safeguards contained in the framework.
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  • EU citizens have no means of legal recourse against the misuse of their data in the United States, the court said. A bill is currently winding its way through the U.S. Congress to give Europeans the right to legal redress.
  • ECJ in its ruling referred to revelations from former National Security Agency contractor Edward Snowden, which included that the Prism program allowed U.S. authorities to harvest private information directly from big tech companies such as Apple (AAPL.O), Facebook (FB.O) and Google.
  • IBM (IBM.N) said it created commercial uncertainty and jeopardized the flow of data across borders.
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    Europe-U.S. data transfer deal ruled invalid by European courts, cited Edward Snowden in ruling
katyshannon

Growth worries, rate hike uncertainty pull Wall Street down | Reuters - 0 views

  • U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day.
  • European banks led a global selloff in financial stocks as signs of stress in the sector mounted. Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index .SPSY down 2.6 percent.
  • "Investors' attitudes seem to be worsening relative to the likelihood of a global recession. I think that's what financials are reflecting – that their net interest margins are going to be further compressed under collapsing bond yields," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
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  • Shares of Morgan Stanley (MS.N) slid 6.9 percent in their largest one-day drop since November 2012, while rival Goldman Sachs (GS.N) fell 4.6 percent. Both closed at their lowest since 2013.
  • Facebook Inc (FB.O), Amazon.com Inc (AMZN.O) and other technology stocks that had lent strength to the market last year extended their decline from Friday. Fund managers said last year's outsized gains among some Internet stocks made them the first choice to sell now.
  • The Dow Jones industrial average .DJI closed down 177.92 points, or 1.1 percent, at 16,027.05, the S&P 500 .SPX lost 26.61 points, or 1.42 percent, to end at 1,853.44 and the Nasdaq Composite .IXIC dropped 79.39 points, or 1.82 percent, to 4,283.75.
  • Falling oil prices along with concern over a worsening global growth outlook have caused a sharp selloff in stocks this year. Investors have been searching for a catalyst that might change the market's course.
  • Adding to recent woes for the tech sector, Cognizant (CTSH.O) dropped 7.7 percent to $54.05 after the IT services provider issued a weak sales forecast. Amazon fell 2.8 percent while Facebook dropped 4.2 percent
  • Declining issues outnumbered advancing ones on the NYSE by 2,484 to 618; on the Nasdaq, 2,029 issues fell and 804 advanced. The S&P 500 posted 7 new 52-week highs and 97 new lows; the Nasdaq recorded 4 new highs and 495 new lows.
carolinehayter

Masks, distancing still important even with vaccination, study suggests - CNN - 0 views

  • Vaccination alone might not be enough to end the Covid-19 pandemic, researchers reported Tuesday.
  • Even with a majority of the population vaccinated, the removal of pandemic precautions could lead to an increase in virus spread,
  • They found that coronavirus infections, hospitalizations and deaths would continue to rise if pandemic precautions such as quarantine, school closures, social distancing and mask-wearing were lifted while vaccines were being rolled out.
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  • for a population of 10.5 million, approximately 1.8 million infections and 8,000 deaths could be prevented during 11 months with more efficacious COVID-19 vaccines, higher vaccination coverage, and maintaining NPIs (non-pharmaceutical interventions), such as distancing and use of face masks," they wrote.
  • It would be better to give lower-efficacy vaccines to more people, they calculated. That would reduce the risk of virus spread more than giving higher efficacy vaccines to fewer people.
  • In keeping with other research, the model showed a greater risk for Covid-19 hospitalization and death among Black people and those living in rural communities. The team noted that combining vaccination with pandemic precautions would lead to reduced infections, hospitalizations and deaths across all groups.
  • The US Centers for Disease Control and Prevention said last month that in most cases, it's safe for vaccinated people to go maskless outdoors and indoors. The guidance was met with mixed reviews, with some public health experts arguing that the US is not far enough along in its Covid-19 vaccination effort to relax pandemic precautions.
  • Just over half of the adult population in the US and about 40% of the total population has been fully vaccinated, according to the latest CDC data.
  • As Covid-19 vaccination coverage increases, many states are dropping pandemic precautions.
  • Patel and colleagues say their findings suggest it will take a coordinated effort of maximizing vaccine coverage and practicing pandemic precautions "to reduce COVID-19 burden to a level that could safely allow a resumption of many economic, educational, and social activities."
aidenborst

Trump shuts down his blog after less than a month - CNN - 0 views

  • The blog page that former President Donald Trump launched less than one month ago, after his team suggested he'd be launching a major new social platform, has been permanently shuttered.
  • "It was just auxiliary to the broader efforts we have and are working on," Miller said.
  • Those who attempt to visit the page are now greeted with a web form asking for their contact information to receive updates through email or text message.
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  • The blog, called "From the Desk of Donald J. Trump," was launched May 4 and came months after the former President had been banned from Facebook (FB) and Twitter (TWTR).
  • "This is meant to be a temporary way of getting my thoughts and ideas out to the public without the Fake News spin, but the website is not a platform," he said.
Javier E

Facebook's problem isn't Trump - it's the algorithm - Popular Information - 0 views

  • Facebook is in the business of making money. And it's very good at it. In the first three months of 2021, Facebook raked in over $11 billion in profits, almost entirely from displaying targeted advertising to its billions of users. 
  • In order to keep the money flowing, Facebook also needs to moderate content. When people use Facebook to livestream a murder, incite a genocide, or plan a white supremacist rally, it is not a good look.
  • But content moderation is a tricky business. This is especially true on Facebook where billions of pieces of content are posted every day. In a lot of cases, it is difficult to determine what content is truly harmful. No matter what you do, someone is unhappy. And it's a distraction from Facebook's core business of selling ads.
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  • In 2019, Facebook came up with a solution to offload the most difficult content moderation decisions. The company created the "Oversight Board," a quasi-judicial body that Facebook claims is independent. The Board, stocked with impressive thinkers from around the world, would issue "rulings" about whether certain Facebook content moderation decisions were correct.
  • the decision, which is nearly 12,000 words long, illustrates that whether Trump is ultimately allowed to return to Facebook is of limited significance. The more important questions are about the nature of the algorithm that gives people with views like Trump such a powerful voice on Facebook. 
  • The Oversight Board was Facebook's idea. It spent years constructing the organization, selected its chairs, and funded its endowment. But now that the Oversight Board is finally up and running and taking on high-profile cases, Facebook is choosing to ignore questions that the Oversight Board believes are essential to doing its job.
  • This is a key passage (emphasis added): 
  • duces no original reporting. But, on Facebook in April, The Daily Wire received more than double the distribution of the Washington Post and the New York Times combined:
  • A critical issue, as the Oversight Board suggests, is not simply Trump's posts but how those kinds of posts are amplified by Facebook's algorithms. Equally important is how Facebook's algorithms amplify false, paranoid, violent, right-wing content from people other than Trump — including those that follow Trump on Facebook.
  • The jurisdiction of the Oversight Board excludes both the algorithm and Facebook's business practices.
  • Facebook stated to the Board that it considered Mr. Trump’s “repeated use of Facebook and other platforms to undermine confidence in the integrity of the election (necessitating repeated application by Facebook of authoritative labels correcting the misinformation) represented an extraordinary abuse of the platform.” The Board sought clarification from Facebook about the extent to which the platform’s design decisions, including algorithms, policies, procedures and technical features, amplified Mr. Trump’s posts after the election and whether Facebook had conducted any internal analysis of whether such design decisions may have contributed to the events of January 6. Facebook declined to answer these questions. This makes it difficult for the Board to assess whether less severe measures, taken earlier, may have been sufficient to protect the rights of others.
  • Donald Trump's Facebook page is a symptom, not the cause, of the problem. Its algorithm favors low-quality, far-right content. Trump is just one of many beneficiaries.
  • NewsWhip is a social media analytics service which tracks which websites get the most engagement on Facebook. It just released its analysis for April and it shows low-quality right-wing aggregation sites dominate major news organizations.
  • The Oversight Board has no power to compel Facebook to answer. It's an important reminder that, for all the pomp and circumstance, the Oversight Board is not a court. The scope of its authority is limited by Facebook executives' willingness to play along. 
  • This actually understates how much better The Daily Wire's content performs on Facebook than the Washington Post and the New York Times. The Daily Wire published just 1,385 pieces of content in April compared to over 6,000 by the Washington Post and the New York Times. Each piece of content The Daily Wire published in April received 54,084 engagements on Facebook, compared to 2,943 for the New York Times and 1,973 for the Washington Post. 
  • It's important to note here that Facebook's algorithm is not reflecting reality — it's creating a reality that doesn't exist anywhere else. In the rest of the world, Western Journal is not more popular than the New York Times, NBC News, the BBC, and the Washington Post. That's only true on Facebook.
  • Facebook has made a conscious decision to surface low-quality content and recognizes its dangers.
  • Shortly after the November election, Facebook temporarily tweaked its algorithm to emphasize "'news ecosystem quality' scores, or N.E.Q., a secret internal ranking it assigns to news publishers based on signals about the quality of their journalism." The purpose was to attempt to cut down on election misinformation being spread on the platform by Trump and his allies. The result was "a spike in visibility for big, mainstream publishers like CNN, The New York Times and NPR, while posts from highly engaged hyperpartisan pages, such as Breitbart and Occupy Democrats, became less visible." 
  • BuzzFeed reported that some Facebook staff members wanted to make the change permanent. But that suggestion was opposed by Joel Kaplan, a top Facebook executive and Republican operative who frequently intervenes on behalf of right-wing publishers. The algorithm change was quickly rolled back.
  • Other proposed changes to the Facebook algorithm over the years have been rejected or altered because of their potential negative impact on right-wing sites like The Daily Wire. 
kaylynfreeman

Biden Administration Directs FEMA to Help Shelter Migrant Children - The New York Times - 0 views

  • The agency will help provide basic care as criticism mounts over the treatment of the increasing number of young migrants who have filled detention facilities at the southwest border.
  • WASHINGTON — The Biden administration is directing the Federal Emergency Management Agency to assist in processing an increasing number of children and teenagers who have filled detention facilities at the southwest border, as criticism mounts over the treatment of young migrants.
  • Previous administrations have also dispatched FEMA to help process migrants during surges in border crossings. However, the Biden administration cannot use disaster aid funding to support the processing of migrants in Texas after they cross the border without the consent of Gov. Greg Abbott, a Republican. States must request the funding from the federal government.
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  • “A Border Patrol facility is no place for a child,” Alejandro N. Mayorkas, the homeland security secretary, said in a statement on Saturday. “Our goal is to ensure that unaccompanied children are transferred to H.H.S. as quickly as possible.”
  • The agency will help provide basic care as criticism mounts over the treatment of the increasing number of young migrants who have filled detention facilities at the southwest border.
marvelgr

Learn Napoleon's Secret To Success: Stop Multitasking - 0 views

  • What made Napoleon such an outstanding leader? His strong rapport with his troops, his organizational talents, and his creativity all played significant roles. However, the secret to Napoleon’s success was his ability to focus on a single objective.
  • t Austerlitz, he quickly recognized a critical high point needed to be taken. “One sharp blow and the war is over,” Napoleon remarked. He then unleashed a ferocious assault that seized the position and split the Russian and Austrian armies. With his enemies divided, he then turned his energy on their left wing, smashing it and sending them into headlong retreat. Within a few weeks, Austria sued for peace.
  • Modern science has validated Napoleon’s focused approach. At work, we face a variety of demands each day. We may believe we are expert multitaskers, but multitasking is a myth. A Stanford study showed that rather than multitasking, we merely switch back-and-forth between tasks, killing our performance and productivity. Focusing on one task seems daunting, but even five minutes of “monotasking” can significantly boost productivity.
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  • Highly effective people like Napoleon concentrate on one present task and one big goal. How often are we distracted at work? How often do we leave tasks incomplete? Successful people avoid these costly “switches.” You cannot be a world-class athlete in five sports. You cannot build five companies at once. You have limited resources, and they are most effective when concentrated.
  • A single-minded focus on your goal will make you more successful. Attempting to multitask only hurts your chances of success. As Napoleon said of war, “the art consists in concentrating very heavy fire on a particular point.” His words are as true in a boardroom as on a battlefield.
lilyrashkind

4 things to remember about Trump, Ukraine and Putin - CNNPolitics - 0 views

  • Russian President Vladimir Putin has ratcheted up tensions with the West for the better part of the last decade -- he annexed Crimea, meddled in US elections, poisoned an ex-spy on British soil, and more. Nearly every step of the way, former President Donald Trump parroted Kremlin talking points, excused Russian aggression and sometimes even embraced it outright.
  • The GOP is the party of the Russia hawks. For a half-century, one of their central organizing principles was opposing the Soviet threat," Graff said, adding that Trump upended that history and made some Republicans go soft on Putin. "But in this last month, a lot of Republicans who became wishy-washy on Russia have come back to their natural position as Russia hawks."
  • Trump's campaign chairman Paul Manafort -- who had spent a decade advising Yanukovych in Ukraine -- collaborated in 2016 with a Russian spy on a secret plan for Trump to help Russia control eastern Ukraine, according to special counsel Robert Mueller's report. The proposal envisioned that Yanukovych would return to lead a Russian puppet state in eastern Ukraine. This pro-Russian rhetoric didn't always translate into policy for the Trump White House. For instance, his administration said sanctions would continue until Russia returned Crimea. But the rhetoric gave Putin an unexpected cheerleader in DC and created tensions within NATO.
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  • President Joe Biden has dramatically increased the flow of arms to Ukraine, including anti-tank missiles, anti-aircraft systems, drones, rifles and other weapons. Importantly, it was Trump who first sent lethal aid, in a major reversal from the Obama administration, which refused to send offensive weapons to Ukraine during the early stages of fighting in the eastern Donbas region.But Trump has a checkered past on this topic. As a candidate, his position was unclear at best. Trump campaign aides intervened during the 2016 Republican National Convention to block language from the GOP party platform that called on the US to send lethal arms to Ukraine.
  • One of his 2016 campaign aides falsely claimed that "Russia did not seize Crimea." "Trump said that Crimea is Russian, because people speak Russian," said Elena Petukhova of Molfar, a Kyiv-based business intelligence firm, who called it an "absolutely pro-Kremlin" view. "According to this logic, the entire territory of the United States should belong to Great Britain."
  • Trump's biggest lie was about the 2016 election. He rejected the reality that Russia interfered to help him win. Instead, he falsely claimed it was Ukraine who meddled, and that he was the victim. These lies, which he repeated dozens of times, were a double boon to the Kremlin: they downplayed Russia's brazen attack on US democracy, while simultaneously smearing Ukraine.
  • This was a break from decades of warm US policy toward Ukraine, especially when dealing with leaders like Zelensky who tried to reorient the country toward the West. Former President George W. Bush praised the Ukrainian people in 2004 for protesting a rigged election, and Obama celebrated the 2014 revolution that ousted a Kremlin-friendly government in Kyiv. "When Trump muddies the water by praising Putin, or undermines Zelensky and spreads falsehoods about Ukraine, this has real implications for how this crisis plays out," said Jordan Gans-Morse, a Northwestern University professor who was a Fulbright Scholar in Ukraine. "It shapes public opinion in ways that tie Biden's hands when he's a de facto wartime president."
  • This strong-arming by Team Trump forced Zelensky, in his first months in office, to navigate a surprisingly hostile relationship with the US, a supposed top ally in his fight against Russia. "Zelensky had more than enough on his plate when he came to power," Gans-Morse said. "The country was already at war with Russia. He's a political novice. And then, on top of that, the most powerful person in the world essentially extorted him, and he had to devote time and energy to deal with that. It's unclear what the full impact was, but it definitely tested Zelensky."
Javier E

Lies in the Guise of News in the Trump Era - The New York Times - 0 views

  • You may not realize that our Kenyan-born Muslim president was plotting to serve a third term as our illegitimate president, by allowing Hillary Clinton to win and then indicting her; Pope Francis’ endorsement of Donald Trump helped avert the election-rigging.
  • one takeaway from this astonishing presidential election is that fake news is gaining ground, empowering nuts and undermining our democracy.
  • alt-right websites are both far more pernicious and increasingly influential. President-Elect Trump was, after all, propelled into politics partly as a champion of the lie that President Obama was born abroad and ineligible for the White House.
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  • alt-right websites will continue to spew misinformation that undermines tolerance and democracy. I find them particularly loathsome because they do their best to magnify prejudice against blacks, Muslims and Latinos, tearing our social fabric.
  • A BuzzFeed investigation found that of the Facebook posts it examined from three major right-wing websites, 38 percent were either false or a mixture of truth and falsehood.
  • More discouraging, it was the lies that readers were particularly eager to share and thus profitable to publish.
  • Freedom Daily had the most inaccurate Facebook page reviewed, and also produced the right-wing content most likely to go viral.
  • Alt-right and fake news sites for some reason have emerged in particular in Macedonia, in the former Yugoslavia. BuzzFeed found more than 100 sites about U.S. politics from a single town, Veles, population 45,000, in Macedonia. “I started the site for a easy way to make money,” a 17-year-old Macedonian who runs DailyNewsPolitics.com told BuzzFeed.
  • Facebook has been a powerful platform to disseminate these lies. If people see many articles on their Facebook feed, shared by numerous conservative friends, all indicating that Hillary Clinton is about to be indicted for crimes she committed, they may believe it.
  • These sites were dubbed “alt-right” because they originally were an alternative to mainstream conservatism. Today they have morphed into the mainstream: After all, Steve Bannon, the head of Breitbart, one of these sites full of misinformation, ran Trump’s campaign.
  • alt-right sites agitate for racial hatred. Freedom Daily lately has had “trending now” headlines like “Black Lives Thug Rapes/Kills 69 y/o White Woman.
  • There are also hyperpartisan left-wing websites with inaccuracies, but they are less prone to fabrication than the right-wing sites. Indeed, the Macedonian entrepreneurs originally came up with leftist websites targeting Bernie Sanders supporters but didn’t find much reader interest in them.
  • The landscape ahead looks grim to me. While the business model for mainstream journalism is in crisis, these alt-right websites expand as they monetize false “news” that promotes racism and undermines democracy
draneka

America will soon be ruled by a minority - The Washington Post - 0 views

  • Starting next month, the United States will have a minority government.
  • this is a problem that can no longer be politely ignored
  • Because the system currently benefits Republicans and hurts Democrats, any talk about its injustices will be dismissed as partisan pleading by those who benefit from it
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  • These circumstances call for compromise, consensus, statesmanship and outreach to those who have been left out in the cold. I fear that we will be seeing none of this.
daltonramsey12

Presidents Have Less Power Over the Economy Than You Might Think - 0 views

  •  
    It's this quirk in how we think that unfairly enhances the reputation of Ronald Reagan and Bill Clinton while unfairly diminishing the presidencies of Jimmy Carter and both George Bushes. And if you think of the financial markets as the hyperactive cousin of the economy itself, this mental framework can cost you money.
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