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Daily Digest 3/18 - Facebook Being Abandoned By Top Execs, GE Cash Flow Will Bottom Out in 2019

Monday, March 18, 2019, 12:02 PM

Economy

China says it has arrested 13,000 'terrorists' in Xinjiang (Sparky1)

Another video follows a Uighur woman in Kashgar at a so-called vocational centre. There are images of shared dormitory rooms with pictures on the wall, neatly folded blankets and courts for basketball and volleyball.

Journalist Matt Taibbi Explains How Following The News Can Be Hazardous To Your Health (edelinski)

"We borrow a lot of the language and the stylistic aspects of sports coverage for things like debates, which are just chock-full of boxing metaphors from start to finish. And I think a lot of that is just a formula because it’s easier to train audiences to understand politics as something that they have to root for, as opposed to trying to train them to think in a nuanced way about a very, very difficult subject."

Facebook is being abandoned by top executives. Here's everyone who has left since the Cambridge Analytica catastrophe last year. (Thomas R.)

The scandal shook the company to its core, precisely because it brought some of its foundational processes into question. In righting wrongs, Facebook CEO Mark Zuckerberg is pivoting to privacy, and not all of his staff agree with his vision.

White Nationalism’s Deep American Roots (newsbuoy)

Warnings from conservative pundits on Fox News about the existential threat facing a country overrun by immigrants meet with a similar response. “Massive demographic changes,” Laura Ingraham has proclaimed, mean that “the America we know and love doesn’t exist anymore” in much of the country: Surely this kind of rhetoric reflects mere ignorance. Or it’s just a symptom of partisan anxiety about what those changes may portend for Republicans’ electoral prospects. As for the views and utterances of someone like Congressman Steve King (“We can’t restore our civilization with somebody else’s babies”), such sentiments are treated as outlandish extremism, best ignored as much as possible.

GE Cash Flow Will Bottom Out in 2019 (Thomas R.)

First, cash restructuring costs will start to decline in 2020 and will fall off significantly in 2021. Second, GE will see ample cost savings from these efforts by 2021. Management estimates that corporate overhead costs will be down at least $500 million relative to 2019. Overhead costs in the power unit could decline even more, while GE Power will also benefit from rationalizing its manufacturing and service footprint. Third, GE will work through most of its "non-operational" headwinds -- like legal settlements and unprofitable legacy projects -- over the next two years.

Should media avoid naming the gunmen in mass shootings? (thc0655)

"A lot of these shooters want to be treated like celebrities. They want to be famous. So the key is to not give them that treatment," he said.

The notion hit close to home for Sanders. Seemingly everywhere she turned — the grocery store, a restaurant, a newspaper or magazine — she would see the faces of the Columbine attackers and hear or read about them. Even in her own home, she was bombarded with their deeds on TV.

Stock Market Press Focuses on Pets and CBD With News of Metatron, Inc. Expanding Their Reach To Pet CBD; Other Companies Discussed Include Aurora Cannabis Inc. and Canopy Growth Corporation (Uncletommy)

Canopy Growth Corporation has received approval to being researching the effectiveness of cannabidiol (''CBD'') to treat anxiety in certain animals. Marc Wayne, Managing Director, Canopy Health Innovations commented, ''The use of natural-occurring cannabinoids as a therapy for companion animals is a logical new forefront of medical discovery and the research we are working on at CAH is world leading. These trial approvals mark a significant milestone on the journey of making cannabis-based drugs accepted and recommended by veterinarians.''

War Spending Is Bankrupting America (Thomas R.)

According to an investigative report by Open the Government, among the items purchased during the last month of the fiscal year when government agencies go all out to get rid of these “use it or lose it” funds: Wexford Leather club chair ($9,241), china tableware ($53,004), alcohol ($308,994), golf carts ($673,471), musical equipment including pianos, tubas, and trombones ($1.7 million), lobster tail and crab ($4.6 million), iPhones and iPads ($7.7 million), and workout and recreation equipment ($9.8 million).

Debate over nuclear power and future of TMI hits home in rural Pennsylvania (Thomas R.)

"Every opportunity that we have, I encourage our member owners to bring this up. Every opportunity I have, if at a meeting, I bring this up," said Frank Betley, president and CEO of the Pennsylvania Rural Electric Association, which is owned by 14 cooperatives. "I hope that our people are talking to (lawmakers) at every turn to let them know that, 'hey, this is important to us.'"

US and Saudi Arabia blocking regulation of geoengineering, sources say (Sparky1)

US academics at Harvard are also poised to conduct the biggest outdoor test of stratospheric aerosol injection, which simulates the cloaking effect of a volcano eruption. The researchers say this test, known as Scopex, will probably take place in New Mexico.

Dead Philippines whale had 40kg of plastic in stomach (Sparky1)

Five Asian nations - China, Indonesia, the Philippines, Vietnam and Thailand - accounted for up to 60% of the plastic waste that ends up in oceans, according to a 2015 report by environmental campaigner Ocean Conservancy and the McKinsey Center for Business and Environment.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/15/19

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2138
A coincidence

Though obviously not related, it seems the Police and SWAT teams of Christchurch, New Zealand were having a drill near where the mosques shooting occured.  This was very fortunate as the New Zealand police are not usually armed.  However, in this situation due to the nearby drill, officers with semi-automatic rifles and SWAT gear were near the incident.

Source

In what can be described as an extremely strange “coincidence,” Chris Cahill, a detective inspector who is president of a local labor union for police officers, explained that officers were involved in a drill near the city center when the shooting broke out.

According to the NY Times, 

The police said a special armed tactical unit arrived at Al Noor Mosque four minutes after the first officers, or 10 minutes after the initial emergency call.

Mr. Cahill said it normally would have taken longer, with team members summoned to a police station to suit up. On Friday, though, they happened to be in a training session in the city center and wearing their gear, he said.

“Any police force in the world — to get to the scene in six minutes, a specialist team there in 10 — that would be a success,” Mr. Cahill said.

Police in New Zealand don’t typically carry firearms, much less dress in tactical gear, so officers holding a drill with all their tactical equipment and weapons at the ready was a helpful coincidence indeed.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2923
Another coincidence

Also unrelated, looks like 30 survivors of the Parkland shooting visited Christchurch last July.

Quote:

Another particularly strange coincidence is the fact that 30 survivors of the Parkland shooting traveled to Christchurch last July. The purpose of that trip, according to Sandi Davis, a sociology teacher at Stoneman Douglas, was a way to help the students cope with the tragedy they experienced and also as a way for them to learn how to sustain the anti-gun violence movement they had begun in the Parkland shooting’s aftermath.

New Zealand shooting: Parkland students heartbroken for their friends in Christchurch (NBC News)

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