Finally
Young households are doing better financially

UPDATE: This post
really drew out the
(now blocked) trolls.
hmm…
SHOULD WE REBOOST?

https://www.axios.com/2024/04/29/us-millenial-wealth-pandemic-economy

#economy #news #thanksJoe

“Australia’s spies and cops want ‘accountable encryption’ - aka access to #backdoors”

“he outlined an argument that a dynamic tension exists between security and technology, Burgess added “encryption protects our #privacy and enables our #economy…and creates safe spaces for violent #extremists to operate, #network and #recruit.” #Burgess labelled encryption “clearly a good thing, a positive for our democracy and our economy” because it “protects #privacy, it enables communications and transactions.” But he noted it also provides #criminals with #anonymity, which is why #Australia has laws that make it possible to access encrypted messages.”

#ASIO / #encryption <https://www.theregister.com/2024/04/25/asio_afp_accountable_encryption/>

Australia’s spies and cops want ‘accountable encryption’ - aka access to backdoors

And warn that AI is already being used by extremists to plot attacks

^{Simon Sharwood (The Register)}

Fed's preferred inflation gauge shows price pressures stayed elevated last month

> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President #JoeBiden's re-election bid.
https://abcnews.go.com/Business/wireStory/feds-preferred-inflation-gauge-shows-price-pressures-stayed-109688439 #election2024 #inflation #economy #FederalReserve

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid

^{CHRISTOPHER RUGABER AP economics writer (ABC News)}

#Congo questions #Apple over #knowledge of #conflict #minerals in its supply chain

source: https://apnews.com/article/apple-iphones-congo-blood-minerals-b1f20aa7bd3a3f4f8cf7fcde19c6f053

A group of international lawyers representing Congo said Thursday that they sent letters to Apple’s CEO Tim Cook and its French subsidiary this week, raising concerns about human rights violations involving the minerals extracted from mines in the country’s troubled east that might end up being used in the company’s products.

#SupplyChain #HumanRights #Economy #business #iphone #smartphone #technology #trade #TimCook justice #crime #news

Congo questions Apple over knowledge of conflict minerals in its supply chain

Congo’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into supply chains. It's demanding answers within three weeks.

^{GERALD IMRAY (AP News)}

#Ford just reported a massive loss on every electric vehicle it sold

Source: https://www.msn.com/en-us/money/other/ford-just-reported-a-massive-loss-on-every-electric-vehicle-it-sold/ar-AA1nBsrC

Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the #company overall.

#economy #car #fail #finance #problem #electricity #news #usa

Over 2,000 #shell companies have directors aged 123 years or older, #Moody’s found. The oldest known human lived to 122

Source: https://fortune.com/2024/01/22/moodys-red-flags-shell-companies-directors-123-years-old/

#scam #crime #economy #business #problem #news

Over 2,000 shell companies have directors aged 123 years or older, Moody’s found. The oldest known human lived to 122

One listed director — at 942 years old — would have been born in the 11th century.

^{Giulia Morpurgo (Fortune)}

#Microsoft is a national #security threat, says ex-#WhiteHouse cyber policy director

Source: https://www.theregister.com/2024/04/21/microsoft_national_security_risk/

Microsoft has a shocking level of #control over IT within the US federal #government

#technology #CyberSecurity #economy #politics #software #problem #usa #news

Microsoft is a national security threat, says ex-White House cyber policy director

With little competition at the goverment level, Windows giant has no incentive to make its systems safer

^{Brandon Vigliarolo (The Register)}

#YouTube: Enforcement on Third Party Apps

source: https://support.google.com/youtube/thread/269521462/enforcement-on-third-party-apps?hl=de

We’re strengthening our enforcement on third-party apps that violate YouTube’s Terms of Service, specifically ad-blocking apps.

#Economy #capitalism #advertisement #Google #adblocker #news #internet

#Business users of IT strongly condemn #market behaviour of #Broadcom and urge the European Commission to take appropriat action

source: https://voice-ev.org/wp-content/uploads/2024/04/Broadcom-4asso-letter-to-European-Commission-President.pdf

In the context of the VMware takeover and the change in business #strategy, Broadcom's contempt and brutality towards its #customers are unprecedented in the recent history of the #digital #economy in #Europe.

#EU #help #news #capitalism #software #customer #politics

#Democracy Dies Behind #Paywalls

Source: https://www.theatlantic.com/ideas/archive/2024/04/paywall-problems-media-trust-democracy/678032/

This is satire, isn't it?

#media #capitalism #economy #journalism #press #freedom #politics #news #problem #money

Democracy Dies Behind Paywalls

The case for making journalism free—at least during the 2024 election

^{Richard Stengel (The Atlantic)}