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Bless Their Hearts! News & Markets for 6-4-18

RCragwallJun 4, 2018, 9:26:36 PM
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#MeToo

Bill Clinton got defensive over his affair with former White House intern Monica Lewinsky telling NBC's Craig Melvin stated that while he has not apologized to her personally, he has done so on national television and would not reveal whether he thinks he owes her an apology today.

He admitted it to the country but no apology was ever forth coming to her or this country. He has never apologized.

He is not sorry. He got defensive so he has not dealt with it. It doesn't matter what you say or do. It matters what you believe and feel and he obviously felt he had to admit to it and take responsibility. He did. Yes he admitted he did it and he did it all by himself.

He never apologized though.

Bless his heart!

UN

The UN has condemned the Trump administration! LOL ROTFLOL Well doh! Of course they would say this since the one they do support got kicked out of office and no globalist elected. In other words. the UN condemned the American people.

The reason?

We caused inequality by insisting people follow the rules to get into this country. Now of course to make it sound as horrible as can be they called it devastating inequality.

LOL Not in this country but then again they live in their own world full of pushing fear and fright and they don't like it when the victims who used to listen to them say no more. LOL

50 years of raping women and children in the Congo by their own admission.

If anyone is guilty of gross inequality then it is the UN and the rest of their silly boys who want to frighten everyone into doing as they say.

Bless their hearts! LOL those days are over in the US. But you go right ahead and scare whomever you wish.

They list poverty but the poverty level has remained the same since the social contract to end hunger was implemented in the 1960s. What are you going to do about it? Some people think they have to be hungry and so they are as has been proven year after year with the same percentage despite all the available help.

Frankly, I don't give a damn about the UN or what any of them think. LOL That's just me.

SCOTUS

The Supreme Court has ruled in favor of a Colorado baker who refused to bake a cake for a gay wedding over religious reasons. In a landmark 7-2 ruling with Ruth Bader Ginsburg and Sonia Sotomayor against, the Court found that the decision by Jack Philips of Masterpiece Cakeshop to refuse the same-sex couple's request is protected under the first amendment.

Here is the decision for your reading pleasure!

Facebook

The Times reported Sunday that Facebook gave at least 60 major device manufacturers access to user data over the last decade including Apple, Amazon, BlackBerry, Microsoft and Samsung as part of a data-sharing partnership program which allowed the companies to integrate various features such as messaging and "like" buttons into their products.

The agreement allowed manufacturers to access information on relationship status, calendar events, political affiliations and religion, to name but a few. An Apple spokesman, said that the company relied on private access to Facebook data to allow users to post on the social network without opening the Facebook app, among other things.

The manufacturers were able to access the data of users' friends without their explicit consent, despite Facebook declaring they would not let outside companies access user data. The catch? The NYT explains.

Facebook’s view that the device makers are not outsiders lets the partners go even further, The Times found: They can obtain data about a user’s Facebook friends, even those who have denied Facebook permission to share information with any third parties.

In interviews, several former Facebook software engineers and security experts said they were surprised at the ability to override sharing restrictions. -NYT

“It’s like having door locks installed, only to find out that the locksmith also gave keys to all of his friends so they can come in and rifle through your stuff without having to ask you for permission,” said Ashkan Soltani, a research and privacy consultant and former chief technologist for the Federal Trade Commission (FTC).

The Times performed a test to verify their claims:

To test one partner’s access to Facebook’s private data channels, The Times used a reporter’s Facebook account — with about 550 friends — and a 2013 BlackBerry device, monitoring what data the device requested and received. (More recent BlackBerry devices, which run Google’s Android operating system, do not use the same private channels, BlackBerry officials said.)

Immediately after the reporter connected the device to his Facebook account, it requested some of his profile data, including user ID, name, picture, “about” information, location, email and cellphone number. The device then retrieved the reporter’s private messages and the responses to them, along with the name and user ID of each person with whom he was communicating.

The data flowed to a BlackBerry app known as the Hub, which was designed to let BlackBerry users view all of their messages and social media accounts in one place.

The Hub also requested — and received — data that Facebook’s policy appears to prohibit. Since 2015, Facebook has said that apps can request only the names of friends using the same app. But the BlackBerry app had access to all of the reporter’s Facebook friends and, for most of them, returned information such as user ID, birthday, work and education history and whether they were currently online.

The BlackBerry device was also able to retrieve identifying information for nearly 295,000 Facebook users. Most of them were second-degree Facebook friends of the reporter, or friends of friends.

In all, Facebook empowers BlackBerry devices to access more than 50 types of information about users and their friends, The Times found. -NYT

Facebook has defended the data-sharing agreements, saying they comply with the company's privacy policies and a 2011 consent decree issued by the FTC. Facebook officials say they don't know of any cases where user information has been misused.

“These partnerships work very differently from the way in which app developers use our platform,” said Ime Archibong, a Facebook vice president. “These contracts and partnerships are entirely consistent with Facebook’s F.T.C. consent decree,” said Archibong.

Former FTC official Jessica Rich, however, disagreed with that assessment.

“Under Facebook’s interpretation, the exception swallows the rule,” said Ms. Rich, now employed by the Consumers Union. “They could argue that any sharing of data with third parties is part of the Facebook experience. And this is not at all how the public interpreted their 2014 announcement that they would limit third-party app access to friend data.”

Because Facebook does not consider the device makers to be outsiders, the data sharing partnerships go even further, The Times discovered, which is what allows the companies to access user data of a Facebook user's friends - even if they've denied Facebook permission to share information with third parties.

Facebook discussed the issue as early as 2012 and decided not to change the arrangements, despite the data-sharing agreements being flagged as a privacy issue.

The device partnerships provoked discussion within Facebook as early as 2012, according to Sandy Parakilas, who at the time led third-party advertising and privacy compliance for Facebook’s platform.

“This was flagged internally as a privacy issue,” said Parakilas, who left Facebook in 2012 and has emerged as a new voice against the company's data handling policies. “It is shocking that this practice may still continue six years later, and it appears to contradict Facebook’s testimony to Congress that all friend permissions were disabled.”

As for the various answers given by the device manufacturers (via The Times):

Samsung declined to respond to questions about whether it had any data-sharing partnerships with Facebook. Amazon also declined to respond to questions.

Usher Lieberman, a BlackBerry spokesman, said in a statement that the company used Facebook data only to give its own customers access to their Facebook networks and messages. Mr. Lieberman said that the company “did not collect or mine the Facebook data of our customers,” adding that “BlackBerry has always been in the business of protecting, not monetizing, customer data.”

Microsoft entered a partnership with Facebook in 2008 that allowed Microsoft-powered devices to do things like add contacts and friends and receive notifications, according to a spokesman. He added that the data was stored locally on the phone and was not synced to Microsoft’s servers.

Facebook acknowledged that some partners did store users’ data — including friends’ data — on their own servers. A Facebook official said that regardless of where the data was kept, it was governed by strict agreements between the companies.

Facebook pushed back against the Times, claiming that the data shared with manufacturers was never abused.

Democratic Congressman David Cicilline (RI) tweeted on Sunday: "Sure looks like Zuckerberg lied to Congress about whether users have “complete control” over who sees our data on Facebook," adding "This needs to be investigated and the people responsible need to be held accountable."

ROTFLOL bless their hearts!

Markets

Nice up day. Target 3200 remains.

S&P 500 Resistance – 2759, 2785, 2811, 2824, 2842, 2876, 2905

S&P 500 Support – 2730, 2715, 2682, 2655, 2638, 2607, 2575, 2560, 2530, 2505, 2478, 2422, 2400, 2375

Cryptos - Bitcoin

Flat day. 6800 is the next good support level and 8000 is now the ceiling. Look for a retest of support.

Resistance - 8000, 8990, 9630, 10100, 11330

Support - 8180, 6930, 6800, 6620, 5875

Take care,

Rita

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