Business Week: Facebook cracks down

Happy Sunday, and I hope you are safe and healthy. That’s what you need to know in last week’s Business News and Technology News. — — Charlotte cowls

Facebook and Twitter last week set a new wave of Republican anger by blocking and limiting the spread of New York Post articles, including groundless rumors about Hunter Biden, the son of Democratic presidential candidate Joe Biden. I drew. After President Trump accused the platform of deliberately curbing the conservative press that supported him (as he has done for years), Twitter eventually collapsed and slammed the content of the article. Made it possible to share. Social media companies are fighting a difficult battle against the dissemination of false information by election day, and as a result, are struggling to develop more aggressive tactics. This is a particularly steep turnaround for Facebook, and has often been criticized for being too slow and easy to remove potentially dangerous content.

Keep up with the 2020 elections

The V-shaped economic recovery so promised is beginning to look like a biased L. A reversal of the gradual decline in unemployment has boosted unemployment claims to their highest level since August last week. The rise came after several major companies, including Disney and several airlines, fired thousands of workers. To make matters worse, coronavirus cases are skyrocketing again around the world and in many parts of the United States, heading towards a “third peak,” forcing some companies to shut down again. I am.

If Congress sticks to the slightest hope of passing what looks like a mythical pandemic aid package in the coming weeks, you will be disappointed with the latest developments or their lack. The controversy over the content and costs of the bill went from two-front war (Democratic vs. Republican) to three, and Mr. Trump devoted himself to a conversation with a fiercely conflicting demand. It’s not an accurate and fruitful basis for compromise, and it’s bad news for millions of Americans who are in poverty as unemployment checks diminish.

Stores are preparing for new challenges for the holiday season. There is a controversy over mask wearing and social distance policies (yes, nevertheless). To help workers enforce customer safety rules, the National Retail Federation, the country’s largest retail group, has partnered with the Crisis Prevention Institute to provide retail employees with deescalation training. doing. And that is a serious concern. Previous clashes over wearing masks in stores have caused violence and even deadly power.

The popular stock trading app Robinhood has been targeted by cybercriminals who have successfully compromised about 2,000 customer accounts and stole money. According to the company, the service itself has not been hacked. Rather, the user’s email account was compromised and used to access and suck up funds. Robin Hood hasn’t confirmed the number of affected customers, but said he encouraged two-step verification and is working with users to ensure that their accounts are secure.

One bright spot in this pandemic world: the housing market is booming. New government data is expected to indicate an increase in building permits and housing starts in September as mortgage rates hit record lows and continue to spur demand. (Forced to stay home to avoid deadly viruses certainly does not undermine people’s desire to own a home.) Currently, some housing indicators are close to pre-pandemic levels. Or better than that.

More than 150 companies and nonprofits, including the US Chamber of Commerce, have called on Mr. Trump to withdraw the executive order issued in September that limits training on racial and gender prejudice. Raymond J. McGuire, one of Wall Street’s highest and longest-serving black executives, has quit his job at Citigroup to run for Mayor of New York. And when Britain’s Brexit time runs out (in fact this time), Britain’s Prime Minister Boris Johnson runs out of options before the end of the year deadline.

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