On Monday all Facebook users will receive a notice on their Facebook feeds with a link to see what apps they use and what information they have shared with those apps. They’ll have a chance to delete apps they no longer want. Users who might have had their data shared with Cambridge Analytica will be told of that. Facebook says most of the affected users are in the U.S.
Trade Is a Matter of Survival for China (thc0655)
The problem is that “national emergency” can be defined broadly to include trade imbalances, lost jobs or any other economic adversity. President Trump may now use IEEPA to block a variety of Chinese deals in the U.S. in retaliation for Chinese theft of U.S. intellectual property.
With the U.S. using its nuclear option in financial warfare, investors should hope that the Chinese don’t respond in kind.
“The list just reinforces that anxiety and alarm that our members, American businesses operating in China, feel about the danger and costs of going down the path of retaliatory tariffs,” said Keith Jarrett, president of the American Chamber of Commerce in Shanghai.
The Five Keys to Crypto Evolution (Afridev)
Bitcoin’s furious rise scared the hell out of banks and governments everywhere. Banks saw their business models crumbling as programmable money took the world by storm and governments feared they might lose their iron-fisted control of the money supply. Authoritarian regimes raced to crush it. Regulators came out in force. The press unleashed a torrent of articles filled with fear, uncertainty and doubt.
But silver is not always more volatile than gold. In the chart above, silver’s price movements were bigger 71.5% of the time—meaning gold’s were bigger 28.5% of the time. And the two metals don’t always go the same direction; gold rose 0.26% on December 2, 2008 (not shown), while silver declined 5.05%.
The boycott comes ahead of a United Nations meeting in Geneva next week on autonomous weapons, and more than 20 countries have already called for a total ban on killer robots. The use of AI in militaries around the world has sparked fears of a Terminator-like situation and questions have been raised about the accuracy of such weapons and their ability to distinguish friend from foe.
Venezuela’s Oil Sector May Soon Have New Owners (Michael S.)
China’s patience with Venezuela seems to have worn thin. Reuters reported last month that China is likely to roll over a current financing arrangement it has with Venezuela, allowing for lenient repayment terms, but that it won’t lend the Venezuelan government any more money than it already has. China remains Venezuela’s largest debt owner with $23 billion in outstanding debt.
“Everyone agrees on the eventual impact and the commercial potential of fusion power, but then the question is: How do you get there?” adds Commonwealth Fusion Systems CEO Robert Mumgaard SM ’15, PhD ’15. “We get there by leveraging the science that’s already developed, collaborating with the right partners, and tackling the problems step by step.”
Gold & Silver
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