Wednesday, February 10, 2021

WHY IS AMERICA GETTING A NEW $100 BILLION NUCLEAR WEAPON? || 2021

INQUIRING AND CURIOUS MINDS WANT-TO-KNOW...

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In these Pandemic Times, Do you have a Need-To-Know???

 

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Fed’s Kaplan on Inflation, Pandemic Recovery, Energy

Uneven U.S. Recovery Tests Limits of Monetary and Fiscal Policies

The 1980's were witness to "The Great Divergence" - decades later the gaps in differences are wider
This was updated 13 hours ago by Bloomberg News
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". . .Headwinds from the new COVID-19 surge ahead of the winter could easily derail economic progress, said Daniel Zhao, senior economist with Glassdoor, a jobs and recruiting website. “This puts responsibility in the hands of policymakers and the next president to manage both the health and economic crises.”
OCTOBER 2020

Uneven U.S. job market recovery points to need for focused fiscal aid

NEW YORK/SAN FRANCISCO (Reuters) - The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted support for hard-hit sectors, even as an unprecedented surge in COVID-19 cases raises questions about the durability of the job market rebound.

 
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More from The Federal Reserve Bank of New York via the blog Liberty Street Economics
About the Blog
Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.
The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.
Liberty Street Economics does not publish new posts during the blackout periods surrounding Federal Open Market Committee meetings.
The views expressed are those of the authors, and do not necessarily reflect the position of the New York Fed or the Federal Reserve System.
February 09, 2021

Black and White Differences in the Labor Market Recovery from COVID-1

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The ongoing COVID-19 pandemic and the various measures put in place to contain it caused a rapid deterioration in labor market conditions for many workers and plunged the nation into recession.
The unemployment rate increased dramatically during the COVID recession, rising from 3.5 percent in February to 14.8 percent in April, accompanied by an almost three percentage point decline in labor force participation. While the subsequent labor market recovery in the aggregate has exceeded even some of the most optimistic scenarios put forth soon after this dramatic rise, the recovery has been markedly weaker for the Black population.
In this post, we document several striking differences in labor market outcomes by race and use Current Population Survey (CPS) data to better understand them. . .
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The COVID recession, like most post-war recessions, has had disproportionate effects on the Black population. We trace the rising and persistent Black-white unemployment and labor force participation gaps to the underlying flows between labor market states. For Black workers, a lower job-finding rate and a higher separation rate into unemployment have contributed to the larger increase and subsequent slower recovery of the unemployment rate. While the job-finding and job-loss rates for Black and white workers have converged recently, resulting in a narrowing of the Black-white unemployment gap, the transition rate from employment into nonparticipation for Black workers remains elevated. This relatively high rate of labor force exit for Black workers may lead to a persistently elevated Black-white labor force participation gap and an uneven labor market recovery."
 

Solar System is Shifting, Magnetosense, Electroquake | S0 News Feb.9.2021

Tuesday, February 09, 2021

Timely Reports from TechDirt

This is a selection taken from recent reports: techdirt.com

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Techdirt is an American Internet blog that reports on technology's legal challenges and related business and economic policy issues, in context of the digital revolution. It focuses on intellectual property, patent, information privacy and copyright reform in particular

Amazon Transparency Report Indicates Its Multiple IoT Devices Are Juicy Targets For Law Enforcement

from the ALEXA-CONSENTS-TO-A-SEARCH-ON-YOUR-BEHALF dept

Never forget the IoT device you invite into your home may become the state's witness. That's one of the unfortunate conclusions that can be drawn from Amazon's latest transparency report.

Amazon has its own digital assistant, Alexa. On top of that, it has its acquisitions. One of its more notable gets is Ring. Ring is most famous for its doorbells -- something that seems innocuous until you examine the attached camera and the company's 2,000 partnerships with law enforcement agencies.

Ring is in the business of selling cameras. That the doorbell may alert you to people on your doorstep is incidental. Cameras on the inside. Cameras on the outside. All in the name of "security." And it's only as secure as the people pitching them to consumers. Ring's lax security efforts have led to harassment and swatting, the latter of which tends to end up with people dead.

Malicious dipshits have been using credentials harvested from multitudinous breaches to harass people with Ring cameras. The worst of these involve false reports to law enforcement about activity requiring armed response. That no one has ended up dead is a miracle, rather than an indicator of law enforcement restraint. . .

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Canadian Privacy Commission Says Clearview's App Is Illegal, Tells It To Pack Its Things And Leave

from the pics-and-GTFO dept

Clearview has screwed with the wrong people. The reprehensible facial recognition AI company that sells access to its database of scraped photos and personal info managed to raise the ire of some of the most restrained and polite people in the world, as Kashmir Hill reports for the New York Times.

The facial recognition app Clearview AI is not welcome in Canada and the company that developed it should delete Canadians’ faces from its database, the country’s privacy commissioner said on Wednesday.

“What Clearview does is mass surveillance, and it is illegal,” Commissioner Daniel Therrien said at a news conference. He forcefully denounced the company as putting all of society “continually in a police lineup.”

Clearview does appear to violate Canadian privacy laws, which require consent before using personal data. This was the impetus for a yearlong investigation of Clearview by Canadian privacy commissioners. The company claimed its offering was legal because it only utilized publicly available data scraped from dozens of social media sites. The commission disagreed. . ."

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