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katyshannon

The Rationale Behind Verizon's Interest in Yahoo's Web Business - Bloomberg Business - 0 views

  • Verizon Communications Inc. wants to attract teens and millennials who are more used to watching videos on their mobile phones than on a TV in a living room. Yahoo! Inc., which is spinning out its main Web business, has been investing heavily in online-video content.
  • So it’s probably not a coincidence that executives at the largest U.S. wireless carrier were chattier than usual this week when asked the question: Would Verizon be interested in buying Yahoo’s Internet assets?
  • Chief Executive Officer Lowell McAdam and Chief Financial Officer Fran Shammo, using similar language, both said within the past two days that Verizon would look at a Yahoo deal "if it made sense," instead of declining to comment. 
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  • Both Yahoo and Verizon have staked their future on mobile Internet and video growth. On paper, a deal would make sense. New York-based Verizon has already shown a willingness to buy Internet properties with its $4.4 billion acquisition of AOL in June. Yahoo’s Web business, which could fetch a price of $3 billion to $3.5 billion, based on analysts’ estimates, will be spun out as part of Yahoo’s tax-saving move to return the value of its $31 billion stake in Alibaba Group Holding Ltd. to shareholders.
  • Yahoo’s board has said that it’s not putting the company up for sale, and that the move is the best way to deal with the Alibaba holdings.
  • "Yahoo would help check several boxes in what Verizon is looking to build at the moment with a cross-platform ad strategy and new video offerings," said Jan Dawson, an analyst at Jackdaw Research LLC.
  • Yahoo’s mail, finance, sports and video sites attract more than 1 billion users, a prized asset that would add to AOL’s 2 million users. That kind of Web traffic, along with exclusive content, is just what Verizon, with more than 105 million wireless subscribers, needs to lure and retain a new smartphone-addicted generation.
  • A Yahoo deal would also give Verizon a new source of revenue, through online advertising, especially from Yahoo’s video-ad unit Brightroll. Verizon has introduced an ad-supported mobile-video service called go90 (named for tilting small screens 90 degrees to watch videos). By seeking users and marketers, Verizon is essentially bulking up to compete with the likes of Facebook Inc. and Google, which are starting to move into the Internet space as a way to drive more users to their online properties.
  • "Verizon is vying to get a larger share of advertisers’ wallets and adding Yahoo would help strengthen AOL as the No. 3 player," said Brian Wieser, an analyst at Pivotal Research Group. "Yahoo has a lot of users in a well defined environment. That is very valuable to advertisers."
katyshannon

Islamic State says 'Schweppes bomb' used to bring down Russian plane | Reuters - 0 views

  • Islamic State's official magazine carried a photo on Wednesday of a Schweppes soft drink can it said was used to make an improvised bomb that brought down a Russian airliner over Egypt's Sinai Peninsula last month, killing all 224 people on board.
  • The photo showed a can of Schweppes Gold soft drink and what appeared to be a detonator and switch on a blue background, three simple components that if genuine are likely to cause concern for airline safety officials worldwide.
  • "The divided Crusaders of the East and West thought themselves safe in their jets as they cowardly bombarded the Muslims of the Caliphate," the English language Dabiq magazine said in reference to Russia and the West. "And so revenge was exacted upon those who felt safe in the cockpits."Western governments have said the Airbus A321 operated by Metrojet was likely brought down by a bomb and Moscow confirmed on Tuesday it had reached the same conclusion, but the Egyptian government said it has still not found evidence of criminal action.
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  • Explosives experts said it was feasible the device shown in the photo could bring down a plane, depending on where it was located and the density of explosives in the soft drink can. The most vulnerable locations include the fuel line, the cockpit or anywhere close to the fuselage skin.
  • Experts added that the photo could also provide a key clue in tracking Islamic State as the detonator pictured was a commercial one, which could be traced back to its manufacturer.
  • State Department spokesman John Kirby said on Wednesday the U.S. government was not in a position to confirm "the veracity" of the magazine's claim.
  • activity is likely the reason," he said, referring to the crash.
  • "We do believe that terrorist
  • also published a photo of what it said were passports belonging to dead Russians "obtained by the mujahideen". It was not immediately possible to verify the authenticity of the published photos.The group, which has seized large swathes of Syria and Iraq, said it had exploited a loophole at Sharm al-Sheikh airport, where the plane originated, in order to smuggle a bomb on board.
  • The airport is widely used by budget and charter airlines to fly tourists to the nearby resorts on the Sinai coast.
  • said it had initially planned to bring down a plane belonging to a country participating in the U.S.-led coalition bombing it in Syria and Iraq, but it changed course after Moscow started its own air strikes campaign in Syria.
  • Islamic State's Egyptian branch, Sinai Province, claimed responsibility for the attack the day it happened but Egyptian officials were quick to dismiss talk of a bomb as premature.
katyshannon

Yahoo to Keep Alibaba Stake but Spin Off Core Businesses - The New York Times - 0 views

  • Even after the Internal Revenue Service refused in September to grant its blessing to Yahoo’s proposed tax-free spinoff of its $32 billion stake in the Chinese e-commerce giant Alibaba, Marissa Mayer was determined to go forward with the deal.
  • In late October, Ms. Mayer, Yahoo’s chief executive, told shareholders that the plan was on track, and the preparations were still continuing last month.
  • Yet last week, when Yahoo’s board met to review the planned January spinoff, it decided to call off the deal.
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  • On Wednesday, the board announced that Yahoo would pursue a spinoff of its core Internet business instead, leaving the Alibaba stock in the old company
  • Although Yahoo’s board said it still believed that the company would prevail in any tax dispute, too many people on Wall Street were worried that challenging Uncle Sam over a possible $10 billion tax bill was just too big a risk, and those fears were depressing Yahoo’s stock price.
  • Mr. Webb said that after a day and a half of meetings, the nine-member board concluded that it could minimize the tax bill and achieve the same goal — separating the Alibaba investment from the rest of Yahoo — by reversing the direction of the transaction.
  • The new Yahoo will be two companies: One will have a 15 percent stake in Alibaba, and the other will have everything else, including search, email, the Tumblr social media service, various sites like Yahoo Finance, and Yahoo’s $8.7 billion stake in Yahoo Japan.
  • Many details of the new spinoff plan remain to be worked out, including who will run the Alibaba shell company and whether the new transaction will incur taxes.
  • The change in approach comes at a cost: It will add at least a year and a host of complexities to what was already a difficult process.
  • Mr. Webb said the board determined that another alternative — selling the company — was not the right choice.
katyshannon

Daily fantasy sports halted in New York, AG declares practice illegal gambling - Market... - 0 views

  • New York Attorney General Eric Schneiderman has ordered fantasy-sports operators Fan Duel Inc. and DraftKings Inc. to shut down in the state, saying that the games constitute illegal gambling and are subject to criminal penalties.
  • A handful of other states have previously said fantasy sports amounts to gambling and isn’t allowed. But Tuesday’s cease-and-desist order from New York is the first time fantasy-sports operators have been formally accused of criminal activity. It is the latest blow for the daily fantasy industry, dominated by FanDuel and DraftKings, which faces a federal criminal probe and scrutiny of state legislatures over the legality of their business model and the oversight of their operations.
  • “Daily fantasy sports is neither victimless nor harmless,” Schneiderman said in a statement. “And it is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country.” FanDuel responded in a statement: “This is a politician telling hundreds of thousands of New Yorkers they are not allowed to play a game they love…. The game has been played — legally — in New York for years and years, but after the attorney general realized he could now get himself some press coverage, he decided a game that has been around for a long, long time is suddenly now not legal.”
katyshannon

All Flags Facebook profile picture converter - Tech Insider - 0 views

  • In light of Friday's attacks on Paris, Facebook activated a feature allowing people to super-impose the French flag over their profile picture.
  • Some railed against this idea since the feature was not provided after an attack by ISIS on Lebanon just one day earlier.
  • One site called LunaPics began offering users the option to convert their profile picture into a show of support for Lebanese victims instead.  Now a website called the "All Flags Profile Photo Converter" cropped up.
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  • The seemingly tongue-in-cheek site states "Show your support to all countries attacked by ISIS, add all their flags to your Facebook profile photo."
  • Upload your photo, click "convert," and voila! A mash-up of 17 different countries' flags will automatically be pasted over your picture. 
  • Charlotte Farhan's refusal to change her picture went viral when she posted the following caption: "“If I did this for only Paris this would be wrong,” she wrote. “ If I did this for every attack on the world, I would have to change my profile every day several times a day.” Now folks only have to change it this one time, if they so choose.
  • Though initial backlash focused on the Lebanon attacks, "All Flags" has broadened the support to every country victimized by ISIS. That way no one can be offended about someone else's Facebook profile picture.
  • Here's what the site says: Syria, Iraq, Turkey, Lebanon, Pakistan, Yemen, Nigeria, Cameroon, Bahrain, Russia, France, Egypt, Algeria, Afghan, Libya, Chad, Kenya. The country list is based on our research. We are not experts, so please help us complete the list. Contact us and we'll add them.
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    A new Facebook filter was created after the controversy over the Facebook French flag filter
katyshannon

The Supreme Court Will Review Texas' Law Restricting Abortion Access - 0 views

  • If upheld, Planned Parenthood says the decision would leave 5.4 million Texan women of reproductive age with only 10 abortion providers in their state.
  • This decreased access would be especially detrimental to already marginalized groups and those with limited economic resources. Forty-two percent of the women who have abortions fall below the federal poverty line, according to the Guttmacher Institute. Denying women abortion access only increases the risk of falling into poverty, ThinkProgress reported in 2012.
  • providers disproportionately affects Latina women, according to Jessica González-Rojas, executive director of the National Latina Institute for Reproductive Health. "While this politically-motivated attack threatens all Texas women, it's particularly harmful for the 40% of Texas women who are Latina," González-Rojas said in an emailed statement. "Latinas are twice as likely to experience unintended pregnancies as non-Latina white women and are more likely to be of reproductive age.
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  • In Texas, lack of
  • This particular case has implications for women across the United States, according to Ilyse Hogue, president of NARAL Pro-Choice America.
  • "This case represents the greatest threat to women's reproductive freedom since the Supreme Court decided Roe vs. Wade over 40 years ago."
  • The Guttmacher Institute estimates that 1 in 3 women will have an abortion in her lifetime. Lawmakers have passed a record-breaking 231 abortion restriction laws in the last four years, and more than 100 anti-abortion bills have been introduced in 28 state legislatures so far this year.
katyshannon

More Governors Seek to Ban Syrian Refugees After Paris Massacre - NBC News - 0 views

  • After the terror attacks in Paris that killed at least 129 people, the placement of refugees fleeing Syria has come under scrutiny as at least two dozen governors — mostly Republicans — have raised concerns about Syrian refugees relocating to their state.
  • "The first and foremost responsibility of government is to keep its people safe," Texas Governor Greg Abbott said Monday. "We are working on measures to ensure ... that Texans will be kept safe from those refugees."
  • Abbott is joined by Indiana Gov. Mike Pence and Illinois Gov. Bruce Rauner who also announced their states would "suspend" the resettlement of Syrian refugees. The governors of Alabama, Arkansas, Arizona, Florida, Georgia, Kansas, Iowa, Maine, Michigan, Mississippi, Nebraska, New Mexico, South Carolina, Tennessee and Wisconsin made similar vows following the attacks, which killed at least 129 people.
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  • Nearly 2,000 refugees from Syria have relocated to the United States since 2012, the New York Times reports and President Barack Obama has said that the U.S. will accept 10,000.
  • North Carolina and Idaho governors said they oppose the admittance of Syrian refugees but have not said they wouldn't accept them. Massachusetts' governor said he wants to know more before accepting them and Nevada's governor has not said either way but said he is requesting a review from the federal government.
katyshannon

Number of people killed by US police in 2015 at 1,000 after Oakland shooting | US news ... - 0 views

  • The number of people killed by law enforcement in the US this year has reached 1,000 after officers in Oakland, California, shot dead a man who allegedly pointed a replica gun at them.
  • Authorities said several officers opened fire on the man on Sunday evening when he walked toward them as they towed away cars that had been used to perform so-called “sideshow” stunts in east Oakland. Officers discovered later that the gun was a replica, police said.
  • The man shot in Oakland became the 1,000th database entry in The Counted, an ongoing investigation by the Guardian to record every fatality caused by police and other law enforcement officers in 2015, to monitor the demographics of the people who died and detail how and why they were killed.
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  • Sunday’s incident was the 883rd fatal shooting by a law enforcement officer so far in 2015, according to the Guardian’s records. Another 47 people died after being shocked with an officer’s Taser, 33 died after being struck by a law enforcement officer’s vehicle, and 36 were killed in custody. Another received a deadly blow to the head during a fight with an officer.
  • The shooting was also the 183rd death recorded in California, by far the greatest total of any state. Nine states, however, have recorded more deaths per capita, with Oklahoma having the highest rate.
  • The US government publishes no comprehensive record of people killed by law enforcement, even after a series of controversial deaths unleashed a national protest movement and demands from activists and lawmakers alike for better data on the subject.
  • An analysis of the statistics collected so far found the rate of deaths currently stands at 3.1 per day. This rate has remained relatively steady throughout the year, peaking through the month of March to a daily rate of almost four and dipping to an average of 2.6 through June.
Javier E

In Yahoo, Another Example of the Buyback Mirage - The New York Times - 0 views

  • It is one of the great investment conundrums of our time: Why do so many stockholders cheer when a company announces that it’s buying back shares?
  • Stated simply, repurchase programs can be hazardous to a company’s long-term financial health and often signal a management that has run out of better ways to invest in the business.
  • given the enormous popularity of buybacks nowadays, those that are harmful probably outnumber the beneficial.
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  • Consider Yahoo. The company bought back shares worth $6.6 billion from 2008 to 2014, according to Robert L. Colby, a retired investment professional and developer of Corequity, an equity valuation service used by institutional investors. These purchases helped increase Yahoo’s earnings per share about 16 percent annually, on average.
  • a company’s overall profit growth is unaffected by share buybacks. And comparing increases in earnings per share with real profit growth reveals the impact that buybacks have on that particular measure. Call it the buyback mirage.
  • Those who run companies like buybacks because they make their earnings look better on a per-share basis. When fewer shares are outstanding, each one technically earns more.
  • But a good bit of that performance was the buyback mirage. Growth in Yahoo’s overall net profits came in at about 11 percent annually
  • Given these figures, Mr. Colby reckoned that Yahoo, if it had invested that same amount of money in its operations, would have had to generate only a 3.2 percent after-tax return to produce overall net profit growth of 16 percent annually over those years.
  • But Mr. Colby pointed out that buybacks provide only a one-time benefit, while smart investments in a company’s operations can generate years of gains.
  • Mr. Colby said his research “confirms my suspicion that while buybacks are not universally bad, they are being practiced far more broadly and without as much analysis as there should be.”
  • Perhaps the crucial flaw in buybacks is that they reward sellers of a company’s stock over its long-term holders. That’s because a company announcing a repurchase program usually sees its stock price pop in the short term. But passive investors, such as index funds, and other long-term holders gain little from the programs.
  • Another hazard: companies that spend billions to repurchase stock without substantially shrinking the number of shares outstanding. That’s because in these circumstances, prized corporate cash is used to buy back shares that offset stock grants bestowed on company executives in rich compensation plans.
  • And there are plenty of companies whose buybacks have simply left them with less money to invest in more promising opportunities. Advertisement Continue reading the main story “By throwing away money on buybacks, companies are giving up on the ability to grow in the future,”
  • proposals ask the companies to adopt a policy of excluding the effect of stock buybacks from any performance metrics they use to determine executive pay packages.
  • At 3M, for example, research and development expenditures plus strategic acquisitions have totaled $22 billion over the last five years, Mr. Kanzer said. In the meantime, the company’s buyback program has cost $21 billion.
  • “You really have to ask why a company’s board decides to return a big chunk of capital instead of replacing managers with ones who can figure out how to develop the operations,”
  • “If the board doesn’t think it’s worth investing in the company’s future,” Mr. Lutin added, “how can a shareholder justify continuing to hold the stock, or voting for directors who’ve given up?”
katyshannon

Nepal just elected its first female president - Quartz - 0 views

  • A month after adopting a new national constitution, Nepal has elected Bidhya Devi Bhandari as its next president. She will be the country’s first female president and only the second president since Nepal became a democratic republic in 2008.
  • The new constitution required an almost entirely new government,
  • beginning with parliament’s election of prime minister Khadga Prasad Oli. He and Bhandari both represent Nepal’s Unified Marxist-Leninist Communist party.
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  • It also required that either the president or vice president be a woman, and that one-third of parliamentarians be women. Parliament’s first female speaker, Onsari Gharti Magar, was elected last week.
  • Bhandari became involved in politics as a teenager in Nepal the 1980s, but stepped away from the action after marrying communist leader Madan Bhandari and having two children with him. After becoming a widow in 1993, when her husband was killed in a mysterious car accident, she stepped back in and campaigned to take his place in parliament.
  • Nepal is still reeling from the violence and unrest sparked by the adoption of the new constitution. Minority groups complain that it marginalizes them, while others are dismayed at its secularism. India, Nepal’s neighbor, appears to have sided with the dissenters by instituting an unofficial blockade of fuel and other supplies across its border.
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    Nepal just a elected its first female president
katyshannon

Catalonia lawmakers approve 2017 secession from Spain - CBS News - 0 views

  • BARCELONA, Spain - The regional parliament of Catalonia approved a plan Monday to set up a road map for independence from Spain by 2017, in defiance of the central government.
  • The proposal was made by pro-secession lawmakers from the "Together for Yes" alliance and the extreme left-wing Popular Unity Candidacy (CUP). The groups together obtained a parliamentary majority in regional elections in September.
  • The Spanish government reacted swiftly. In a nationally televised address, Prime Minister Mariano Rajoy said that his government will appeal against the decision at the Constitutional Court, which has in the past blocked moves toward independence."Catalonia is not going anywhere, nothing is going to break," Rajoy said.He added he would meet with the leader of the main opposition Socialist Party, Pedro Sanchez, to forge a common front against the separatists.
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  • "There is a growing cry for Catalonia to not merely be a country, but to be a state with everything that means," Raul Romeva, head of the "Together for Yes" alliance, said at the start of the session. "Today we don't only open a new parliament, this marks a before and after."
  • Anti-independence lawmakers say that quirk denies separatists a legitimate democratic mandate to break away from Spain.As well as warnings from the EU that an independent Catalonia would have to ask to be admitted to the bloc, separatist forces also face an internal dispute that could slow or even derail the independence push.
katyshannon

Russia slammed in doping report, faces possible Olympic ban - 0 views

  • Russia's status as a sports superpower and its participation in track and field events at next year's Olympics came under threat Monday after a report accused the Russians of widespread, state-supported doping reminiscent of the darkest days of cheating by the former East Germany.
  • The findings by a commission set up by the World Anti-Doping Agency were far more damaging than expected. It means that two of the world's most popular sports — soccer and track and field — are now mired in scandals that could destroy their reputations.
  • The WADA investigation's findings that Russian government officials must have known about doping and cover-ups, with even its intelligence service, the FSB, allegedly involved, threatened to severely tarnish President Vladimir Putin's use of sports to improve his country's global standing. Russia hosted the last Winter Olympics in Sochi in 2014 and will hold the next World Cup in 2018.
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  • The IAAF responded by saying it will consider sanctions against Russia, including a possible suspension that would ban Russian track and field athletes from international competition, including the Summer Olympics in Rio de Janeiro. IAAF President Sebastian Coe gave the Russian federation until the end of the week to respond.
  • "If they are suspended — and it sounds like the IAAF is moving in that direction already — and they are still suspended, at the time of Rio, there will be no Russian track and field athletes there," Pound said in an interview with The Associated Press after the release of the findings.
katyshannon

Our great-grandchildren will speak a wildly different English - Quartz - 0 views

  • The global role English plays today as a lingua franca—used as a means of communication by speakers of different languages—has parallels in the Latin of pre-modern Europe.
  • Having been spread by the success of the Roman Empire, Classical Latin was kept alive as a standard written medium throughout Europe long after the fall of Rome. But the Vulgar Latin used in speech continued to change, forming new dialects, which in time gave rise to the modern Romance languages: French, Spanish, Portuguese, Romanian, and Italian.
  • Similar developments may be traced today in the use of English around the globe, especially in countries where it functions as a second language. New “interlanguages” are emerging, in which features of English are mingled with those of other native tongues and their pronunciations.
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  • Looking back to the early 20th century, it was the Standard English used in England, spoken with the accent known as “Received Pronunciation,” that carried prestige. But today the largest concentration of native speakers is in the US, and the influence of US English can be heard throughout the world: can I get a cookie, I’m good, did you eat, the movies, “skedule” rather than “shedule.” In the future, to speak English will be to speak US English.
  • The turn of the 20th century was a period of regulation and fixity—the rules of Standard English were established and codified in grammar books and in the New (Oxford) English Dictionary on historical principles, published as a series of volumes from 1884-1928. Today we are witnessing a process of de-standardization, and the emergence of competing norms of usage.
  • Clipped forms, acronyms, blends, and abbreviations have long been productive methods of word formation in English (think of bus, smog and scuba) but the huge increase in such coinages means that they will be far more prominent in the English of 2115.
katyshannon

Obama optimism over climate pact tempered by GOP opposition - Yahoo News - 0 views

  • WASHINGTON (AP) — President Barack Obama and Secretary of State John Kerry hailed the newly passed international climate change agreement as a major achievement that could help turn the tide on global warming, but got a quick reminder that Republicans will fight it all the way.
  • Obama said the climate agreement made Saturday night by almost 200 nations "can be a turning point for the world" and credited his administration for playing a key role. He and Kerry predicted it would prompt widespread spending on clean energy and help stem carbon pollution blamed for global warming.
  • The immediate reaction of leading Republican critics was a stark reminder of the conflict that lies ahead.
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  • Obama said the agreement is not perfect, but sets a framework that will contain periodic reviews and assessments to ensure that countries meet their commitments to curb carbon emissions.
  • Kerry said from Paris: "I have news for Senator Inhofe. The United States of America has already reduced its emissions more than any other country in the world."
  • And Republican Sen. James Inhofe of Oklahoma said that Americans can expect the administration to cite the agreement as an excuse for establishing emission targets for every sector of the U.S. economy.
  • Senate Majority Leader Mitch McConnell of Kentucky said Obama is "making promises he can't keep" and should remember that the agreement "is subject to being shredded in 13 months." McConnell noted that the presidential election is next year and the agreement could be reversed if the GOP wins the White House.
  • In an interview taped for CBS' "Face the Nation," Kerry called the climate pact "a breakaway agreement" that will change how countries make decisions and "spur massive investment."
  • He acknowledged that a Republican president could undo the agreement, but said there is already plenty of evidence that climate change is having a damaging and expensive impact with more intense
  • storms, wildfires and melting glaciers.
  • Several Democratic lawmakers applauded Obama's efforts.
  • House Democratic leader Nancy Pelosi hailed it as a "monumental moment" and praised Obama for his leadership on the issue.
Javier E

As Facebook Raised a Privacy Wall, It Carved an Opening for Tech Giants - The New York ... - 0 views

  • For years, Facebook gave some of the world’s largest technology companies more intrusive access to users’ personal data than it has disclosed, effectively exempting those business partners from its usual privacy rules, according to internal records and interviews.
  • The special arrangements are detailed in hundreds of pages of Facebook documents obtained by The New York Times. The records, generated in 2017 by the company’s internal system for tracking partnerships, provide the most complete picture yet of the social network’s data-sharing practices. They also underscore how personal data has become the most prized commodity of the digital age, traded on a vast scale by some of the most powerful companies in Silicon Valley and beyond.
  • Facebook allowed Microsoft’s Bing search engine to see the names of virtually all Facebook users’ friends without consent, the records show, and gave Netflix and Spotify the ability to read Facebook users’ private messages.
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  • Facebook also assumed extraordinary power over the personal information of its 2.2 billion users — control it has wielded with little transparency or outside oversight.
  • The partnerships were so important that decisions about forming them were vetted at high levels, sometimes by Mr. Zuckerberg and Sheryl Sandberg, the chief operating officer, Facebook officials said. While many of the partnerships were announced publicly, the details of the sharing arrangements typically were confidential
  • Zuckerberg, the chief executive, assured lawmakers in April that people “have complete control” over everything they share on Facebook.
  • the documents, as well as interviews with about 50 former employees of Facebook and its corporate partners, reveal that Facebook allowed certain companies access to data despite those protections
  • Data privacy experts disputed Facebook’s assertion that most partnerships were exempted from the regulatory requirements
  • “This is just giving third parties permission to harvest data without you being informed of it or giving consent to it,” said David Vladeck, who formerly ran the F.T.C.’s consumer protection bureau. “I don’t understand how this unconsented-to data harvesting can at all be justified under the consent decree.
  • “I don’t believe it is legitimate to enter into data-sharing partnerships where there is not prior informed consent from the user,” said Roger McNamee, an early investor in Facebook. “No one should trust Facebook until they change their business model.”
  • Few companies have better data than Facebook and its rival, Google, whose popular products give them an intimate view into the daily lives of billions of people — and allow them to dominate the digital advertising market
  • Facebook has never sold its user data, fearful of user backlash and wary of handing would-be competitors a way to duplicate its most prized asset. Instead, internal documents show, it did the next best thing: granting other companies access to parts of the social network in ways that advanced its own interests.
  • as the social network has disclosed its data sharing deals with other kinds of businesses — including internet companies such as Yahoo — Facebook has labeled them integration partners, too
  • Among the revelations was that Facebook obtained data from multiple partners for a controversial friend-suggestion tool called “People You May Know.”
  • The feature, introduced in 2008, continues even though some Facebook users have objected to it, unsettled by its knowledge of their real-world relationships. Gizmodo and other news outlets have reported cases of the tool’s recommending friend connections between patients of the same psychiatrist, estranged family members, and a harasser and his victim.
  • The social network permitted Amazon to obtain users’ names and contact information through their friends, and it let Yahoo view streams of friends’ posts as recently as this summer, despite public statements that it had stopped that type of sharing years earlier.
  • agreements with about a dozen companies did. Some enabled partners to see users’ contact information through their friends — even after the social network, responding to complaints, said in 2014 that it was stripping all applications of that power.
  • Pam Dixon, executive director of the World Privacy Forum, a nonprofit privacy research group, said that Facebook would have little power over what happens to users’ information after sharing it broadly. “It travels,” Ms. Dixon said. “It could be customized. It could be fed into an algorithm and decisions could be made about you based on that data.”
  • Facebook’s agreement with regulators is a result of the company’s early experiments with data sharing. In late 2009, it changed the privacy settings of the 400 million people then using the service, making some of their information accessible to all of the internet. Then it shared that information, including users’ locations and religious and political leanings, with Microsoft and other partners.
  • But the privacy program faced some internal resistance from the start, according to four former Facebook employees with direct knowledge of the company’s efforts. Some engineers and executives, they said, considered the privacy reviews an impediment to quick innovation and growth. And the core team responsible for coordinating the reviews — numbering about a dozen people by 2016 — was moved around within Facebook’s sprawling organization, sending mixed signals about how seriously the company took it, the ex-employees said.
  • Microsoft officials said that Bing was using the data to build profiles of Facebook users on Microsoft servers. They declined to provide details, other than to say the information was used in “feature development” and not for advertising. Microsoft has since deleted the data, the officials said.
  • For some advocates, the torrent of user data flowing out of Facebook has called into question not only Facebook’s compliance with the F.T.C. agreement, but also the agency’s approach to privacy regulation.
  • “We brought Facebook under the regulatory authority of the F.T.C. after a tremendous amount of work. The F.T.C. has failed to act.
  • Facebook, in turn, used contact lists from the partners, including Amazon, Yahoo and the Chinese company Huawei — which has been flagged as a security threat by American intelligence officials — to gain deeper insight into people’s relationships and suggest more connections, the records show.
  • Facebook records show Yandex had access in 2017 to Facebook’s unique user IDs even after the social network stopped sharing them with other applications, citing privacy risks. A spokeswoman for Yandex, which was accused last year by Ukraine’s security service of funneling its user data to the Kremlin, said the company was unaware of the access
  • In October, Facebook said Yandex was not an integration partner. But in early December, as The Times was preparing to publish this article, Facebook told congressional lawmakers that it was
  • But federal regulators had reason to know about the partnerships — and to question whether Facebook was adequately safeguarding users’ privacy. According to a letter that Facebook sent this fall to Senator Ron Wyden, the Oregon Democrat, PricewaterhouseCoopers reviewed at least some of Facebook’s data partnerships.
  • The first assessment, sent to the F.T.C. in 2013, found only “limited” evidence that Facebook had monitored those partners’ use of data. The finding was redacted from a public copy of the assessment, which gave Facebook’s privacy program a passing grade over all.
  • Mr. Wyden and other critics have questioned whether the assessments — in which the F.T.C. essentially outsources much of its day-to-day oversight to companies like PricewaterhouseCoopers — are effective. As with other businesses under consent agreements with the F.T.C., Facebook pays for and largely dictated the scope of its assessments, which are limited mostly to documenting that Facebook has conducted the internal privacy reviews it claims it had
  • Facebook officials said that while the social network audited partners only rarely, it managed them closely.
Javier E

Recent heat spike unlike anything in 11,000 years - Yahoo! Weather - 0 views

  • it took 4,000 years for the world to warm about 1.25 degrees from the end of the ice age to about 7,000 years ago. The same fossil-based data suggest a similar level of warming occurring in just one generation: from the 1920s to the 1940s.
  • scientists may have to go back 125,000 years to find warmer temperatures potentially rivaling today's.
  • the climate had been gently warming out of the ice age with a slow cooling that started about 6,000 years ago. Then the cooling reversed with a vengeance. The study shows the recent heat spike "has no precedent as far back as we can go with any confidence, 11,000 years arguably,"
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  • Before this study, continuous temperature record reconstruction only went back about 2,000 years. The temperature trend produces a line shaped like a "hockey stick" with a sudden spike after what had been a fairly steady line. That data came from tree rings, ice cores and lake sediments.
  • the general downward trend of temperatures that reversed 100 years ago seemed to indicate the Earth was heading either toward another ice age or little ice age from about 1550 to 1850. Or it was continuing to cool naturally until greenhouse gases from the burning of fossil fuels changed everything.
  • "We have, through human emissions of carbon dioxide and other heat-trapping gases, indefinitely delayed the onset of the next ice age and are now heading into an unknown future where humans control the thermostat of the planet,
bodycot

Obama on Trump: 'Don't underestimate the guy, because he's going to be 45th president o... - 0 views

    • bodycot
       
      Obama on the end of his presidency.
  • Thousands of people showed up in freezing temperatures on Sunday in Michigan to hear Sen. Bernie Sanders denounce Republican efforts to repeal President Barack Obama's health care law, one of dozens of rallies Democrats staged across the country to highlight opposition.
  • "I'm going to get really sick and my life will be at risk," said Bible, an online antique dealer.
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  • "This is the wealthiest country in the history of the world. It is time we got our national priorities right," Sanders told the Michigan rally.
  • Britt Waligorski, 31, a health care administrator for a dental practice, said she didn't get health insurance through work but has been covered through the health law for three years. While the premiums have gone up, she said she is concerned that services for women will be taken away if it is repealed.
  • About 2,000 people cheered and held rainbow and American flags and signs that read "Don't Make America Sick Again" and "Health Care For All" at the rally.
  • Republicans want to end the fines that enforce the requirement that many individuals buy coverage and that larger companies provide it to workers.
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      Pro-ACA rally.
  • With eager anticipation, the Kremlin is counting the days to Donald Trump's inauguration and venting its anger at Barack Obama's outgoing administration, no holds barred.
  • At the same time, Russian officials are blasting the outgoing U.S. administration in distinctly undiplomatic language, dropping all decorum after Obama hit Moscow with more sanctions in his final weeks in office.
  • On Sunday, Vice President-elect Mike Pence insisted the Trump presidential campaign had no contacts with Russia and denied that the incoming national security adviser spoke with Russian officials in December about sanctions. He added that such questions were part of an effort to cast doubt on Trump's victory.
  • In an interview Friday with The Wall Street Journal, Trump said he might do away with Obama's sanctions if Russia works with the U.S. on battling terrorists and achieving other goals.
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      Kremlin
  • "We and many analysts believe that the (agreement) is consolidated. The new U.S. administration will not be able to abandon it," Araqchi told a news conference in Tehran, held a year after the deal took effect.
  • Trump, who will take office on Friday, has threatened to either scrap the agreement, which curbs Iran's nuclear programme and lifts sanctions against it, or seek a better deal.
  • "It's quite likely that the U.S. Congress or the next administration will act against Iran and imposes new sanctions."
  • But Iran is still subject to an U.N. arms embargo and other restrictions, which are not technically part of the nuclear agreement.
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      Iran Nuclear Deal.
  • The event was marked by tense exchanges as Trump repeated his refusal to release his tax returns and denounced media outlets that published stories based on unverified allegations about his ties to the Kremlin
  • Trump began his remarks on Tuesday by blaming “inaccurate news” for his decision not to take questions from the press more often.
  • Trump went on to address a pair of reports published Tuesday night that touched on unverified accusations about his relationship with Russia. The first report, which came from CNN, said intelligence officials had presented information to Trump alleging that the Russian government had an ongoing relationship with members of his campaign — and, more sensationally, possessed compromising information about him that could be used for blackmail.
  • “I want to thank a lot of the news organizations … some of whom have not treated me very well over the years. …
  • “It’s all fake news. It’s phony stuff. It didn’t happen, and it was gotten by opponents of ours, as you know, because you reported it and so did many of the other people.
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      Trump press conference.
  • “No, no, no,” Jones said with a sly grin that barely disguised his evident hostility. Sitting back in his barber chair, he shook his head and narrowed his eyes. “That’s not why you are here. You’re here because of the billboards, because of the KKK. That’s why you are here.”
  • When the controversial billboards were ripped down and defaced, they were replaced almost immediately.
  • “While Trump wants to make America great again, we have to ask ourselves, ‘What made America great in the first place?
  • The Trump campaign quickly disavowed the endorsement
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      KKK
bodycot

Race between Bernie and Hillary tightens One of the latest polls this week sh... - 0 views

  • Sanders has been barnstorming across California in hopes of winning the primary and, his team argues, momentum to help win over so-called superdelegates who have already vowed to back Clinton. Because pledged delegates are awarded proportionally, a narrow Sanders win in California would do little to help him catch up to Clinton, who also holds a decisive lead in pledged delegates.
  • “California is the big enchilada,” Sanders said Sunday on NBC’s “Meet The Press.” “Obviously, if we don’t do well in California, it will make our path much, much harder.” He added: “I’m knocking my brains out to win the Democratic nomination.”
  • Trump was not going to take a loss without throwing a few below-the-belt punches of his own (emphasis ours).
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  • the tournament will now be held at the exclusive Club de Golf Chapultapec outside Mexico City
  • Trump and the PGA Tour have had a long and rocky relationship
Emily Horwitz

Former Israeli PM: Jerusalem must be partitioned - 1 views

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    From Yahoo! News: Former Prime Minister Ehud Olmert on Sunday urged Israeli leaders to relinquish the idea of a unified Jerusalem if they truly want peace, contending in a pair of interviews that years of government neglect have kept the Jewish and Arab sectors irreparably divided. I stumbled upon this article and thought that it was relevant to what we have been doing in our Partition Plans in Days 16 and 17.
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