Google Manipulated Votes in 2016 for Hillary, Senate Hearing

Now, who is Dr. Robert Epstein? He is a distinguished research psychologist and the former editor in chief of Psychology Today. He has authored 15 books and published 250 articles. He is a committed Democrat and voted for Hillary Clinton in 2016.

So, you MUST watch this video clip from C-Span today before the Senate. More terrifying than even Russia interfering in the American election infrastructure.

Hat tip to Senator Ted Cruz.

Can you guess who was the top campaign contributor? Yes, Alphabet, the parent company of Google.

Update: The testimony of Dr. Epstein regarding Google’s collaboration with Hillary is also substantiated by a research paper found here and published in 2016.

WikiLeaks: Google's Eric Schmidt Planning Hillary's ...

Now, he published this piece about Google and it too is a must read.

Recognition is growing worldwide that something big needs to be done about Big Tech, and fast.

More than $8 billion in fines have been levied against Google by the European Union since 2017. Facebook Inc., facing an onslaught of investigations, has dropped in reputation to almost rock bottom among the 100 most visible companies in the U.S. Former employees of Google and Facebook have warned that these companies are “ripping apart the social fabric” and can “hijack the mind.”

Adding substance to the concerns, documents and videos have been leaking from Big Tech companies, supporting fears—most often expressed by conservatives—about political manipulations and even aspirations to engineer human values.

Fixes on the table include forcing the tech titans to divest themselves of some of the companies they’ve bought (more than 250 by Google and Facebook alone) and guaranteeing that user data are transportable.

But these and a dozen other proposals never get to the heart of the problem, and that is that Google’s search engine and Facebook’s social network platform have value only if they are intact. Breaking up Google’s search engine would give us a smattering of search engines that yield inferior results (the larger the search engine, the wider the range of results it can give you), and breaking up Facebook’s platform would be like building an immensely long Berlin Wall that would splinter millions of relationships.

With those basic platforms intact, the three biggest threats that Google and Facebook pose to societies worldwide are barely affected by almost any intervention: the aggressive surveillance, the suppression of content, and the subtle manipulation of the thinking and behavior of more than 2.5 billion people.

Different tech companies pose different kinds of threats. I’m focused here on Google, which I’ve been studying for more than six years through both experimental research and monitoring projects. (Google is well aware of my work and not entirely happy with me. The company did not respond to requests for comment.) Google is especially worrisome because it has maintained an unopposed monopoly on search worldwide for nearly a decade. It controls 92 percent of search, with the next largest competitor, Microsoft’s Bing, drawing only 2.5%.

Fortunately, there is a simple way to end the company’s monopoly without breaking up its search engine, and that is to turn its “index”—the mammoth and ever-growing database it maintains of internet content—into a kind of public commons.

There is precedent for this both in law and in Google’s business practices. When private ownership of essential resources and services—water, electricity, telecommunications, and so on—no longer serves the public interest, governments often step in to control them. One particular government intervention is especially relevant to the Big Tech dilemma: the 1956 consent decree in the U.S. in which AT&T agreed to share all its patents with other companies free of charge. As tech investor Roger McNamee and others have pointed out, that sharing reverberated around the world, leading to a significant increase in technological competition and innovation.

Doesn’t Google already share its index with everyone in the world? Yes, but only for single searches. I’m talking about requiring Google to share its entire index with outside entities—businesses, nonprofit organizations, even individuals—through what programmers call an application programming interface, or API.

Google already allows this kind of sharing with a chosen few, most notably a small but ingenious company called Startpage, which is based in the Netherlands. In 2009, Google granted Startpage access to its index in return for fees generated by ads placed near Startpage search results.

With access to Google’s index—the most extensive in the world, by far—Startpage gives you great search results, but with a difference. Google tracks your searches and also monitors you in other ways, so it gives you personalized results. Startpage doesn’t track you—it respects and guarantees your privacy—so it gives you generic results. Some people like customized results; others treasure their privacy. (You might have heard of another privacy-oriented alternative to Google.com called DuckDuckGo, which aggregates information obtained from 400 other non-Google sources, including its own modest crawler.)

If entities worldwide were given unlimited access to Google’s index, dozens of Startpage variants would turn up within months; within a year or two, thousands of new search platforms might emerge, each with different strengths and weaknesses. Many would target niche audiences—some small, perhaps, like high-end shoppers, and some huge, like all the world’s women, and most of these platforms would do a better job of serving their constituencies than Google ever could.

These aren’t just alternatives to Google, they are competitors—thousands of search platforms, each with its special focus and emphasis, each drawing on different subsets of information from Google’s ever-expanding index, and each using different rules to decide how to organize the search results they display. Different platforms would likely have different business models, too, and business models that have never been tried before would quickly be tested.

This system replicates the competitive ecology we now have of both traditional and online media sources—newspapers, magazines, television channels, and so on—each drawing on roughly the same body of knowledge, serving niche audiences, and prioritizing information as it sees fit.

But what about those nasty filter bubbles that trap people in narrow worlds of information? Making Google’s index public doesn’t solve that problem, but it shrinks it to nonthreatening proportions. At the moment, it’s entirely up to Google to determine which bubble you’re in, which search suggestions you receive, and which search results appear at the top of the list; that’s the stuff of worldwide mind control. But with thousands of search platforms vying for your attention, the power is back in your hands. You pick your platform or platforms and shift to others when they draw your attention, as they will all be trying to do continuously.

If that happens, what becomes of Google? At first, not much. It should be allowed, I believe, to retain ownership and control of its index. That will assure it continues to do a great job maintaining and updating it. And even with competition looming, change will take time. Serious competitors will need months to gather resources and generate traffic. Eventually, though, Google will likely become a smaller, leaner, more diversified company, especially if some of the other proposals out there for taming Big Tech are eventually implemented. If, over time, Google wants to continue to spy on people through its search engine, it will have to work like hell to keep them. It will no longer be able to rest on its laurels, as it has for most of the past 20 years; it’s going to have to hustle, and we will all benefit from its energy.

My kids think Google was the world’s first search engine, but it was actually the 21st. I can remember when search was highly competitive—when Yahoo! was the big kid on the block and engines such as Ask Jeeves and Lycos were hot commodities. Founded in 1998 amid a crowded field of competitors, Google didn’t begin to dominate search until 2003, by which time it still handled only about a third of searches in the U.S. Search can be competitive again—this time with a massive, authoritative, rapidly expanding index available to all parties.

The alternative is frightening. If Google retains its monopoly on search, or even if a government steps in and makes Google a public utility, the obscene power to decide what information humanity can see and how that information should be ordered will remain in the hands of a single authority. Democracy will be an illusion, human autonomy will be compromised, and competition in search—with all the innovation that implies—might never emerge. With internet penetration increasing rapidly worldwide, do we really want a single player, no matter how benign it appears to be, to control the gateway to all information?

For the system I propose to work fairly and efficiently, we’ll need rules. Here are some obvious ones to think about:

Access. There might have to be limits on who can access the API. We might not want every high school hacker to be able to build his or her own search platform. On the other hand, imagine thousands of Mark Zuckerbergs battling each other to find better ways of organizing the world’s information.

Speed. Google must not be allowed to throttle access to its index, especially in ways that give it a performance advantage or that favor one search platform over another.

Content. To prevent Google from engineering humanity by being selective about what content it adds to its index, all parties with API access must be able to add content.

Visibility. For people using Google to seek information about other search platforms, Google must be forbidden from driving people to itself or its affiliated platforms.

Removal. Google must be prohibited from removing content from its index. The only exception will be when a web page no longer exists. An accurate, up-to-date record of such deletions must be accessible through the API.

Logging. Google must log all visits to its index, and that log must be accessible through the API.

Fees. Low-volume external platforms (think: high school hackers) should be able to access the index free of charge. High-volume users (think: Microsoft Corp.’s Bing) should pay Google nominal fees set by regulators. That gives Google another incentive for maintaining a superior index.

Can we really justify bludgeoning one of the world’s biggest and most successful companies? When governments have regulated, dismembered, or, in some cases, taken ownership of private water or electricity companies, they have done so to serve the public interest, even when the company in question has developed new technologies or resources at great expense. The rationale is straightforward: You may have built the pipelines, but water is a “common” resource that belongs to everyone, as David Bollier reminded us in his seminal book, Silent Theft: The Private Plunder of Our Common Wealth.

In Google’s case, it would be absurd for the company to claim ownership rights over the contents of its index for the simple reason that it copied virtually all those contents. Google scraped the content by roaming the internet, examining webpages, and copying both the address of a page and language used on that page. None of those websites or any external authority ever gave Google permission to do this copying.

Did any external authority give Google permission to demote a website in its search results or to remove a website from its index? No, which is why both individuals and even top business leaders are sometimes traumatized when Google demotes or delists a website.

But when Google’s index becomes public, people won’t care as much about its machinations. If conservatives think Google is messing with them, they’ll soon switch to other search platforms, where they’ll still get potentially excellent results. Given the possibility of a mass migration, Google will likely stop playing God, treating users and constituencies with new respect and humility.

Who will implement this plan? In the U.S., Congress, the Federal Trade Commission, and the Department of Justice all have the power to make this happen. Because Google is a global company with, at this writing, 16 data centers—eight in the U.S., one in Chile, five in the EU, one in Taiwan, and one in Singapore—countries outside the U.S. could also declare its index to be a public commons. The EU is a prime candidate for taking such action.

But there is another possibility—namely, that Google itself will step up. This isn’t as crazy as you might think. Likely prompted by the EU antitrust investigations, the company has quietly gone through two corporate reorganizations since 2015, and experts I’ve talked to in both the U.S. and the U.K. say the main effect of these reorganizations has been to distance Google’s major shareholders from any calamities that might befall the Google search engine. The company’s lawyers have also undoubtedly been taking a close look at the turbulent years during which Microsoft unsuccessfully fought U.S. antitrust investigators.

Google’s leaders have been preparing for an uncertain future in which the search engine might be made a public utility, fined into bankruptcy, frozen by court orders, or even seized by governments. It might be able to avoid ugly scenarios simply by posting the specs for its new public API and inviting people and companies around the world to compete with its search platform. Google could do this tomorrow—and generate glowing headlines worldwide. Google’s data analysts know how to run numbers better than anyone. If the models predict that the company will make more money, minimize risk, and optimize its brand in coming years by making its index public, Google will make this happen long before the roof caves in.

Several Democrat Presidential Nominees Hire Perkins Coie

You know that law firm, the one that hired Fusion GPS. Swell huh….

Okay let’s review where they are so far shall we?

As a primer: Hillary was on the Daily Show with Trevor Noah. She defended Marc Elias and hiring Fusion GPS.

Clinton defended the approach that her campaign lawyer, Marc Elias, took to the work of Fusion GPS, a research firm that compiled a dossier about Trump before recruiting former British spy Christopher Steele to conduct more research. (Politico barely reported this and the substance is thin)

Image result for hillary clinton trevor noah

Senator(s) Kamala Harris and Elizabeth Warren were first to hire Perkins Coie. Campaign disclosures so far show Elizabeth Warren has paid two invoices to date totaling $320,000. Kamala Harris has paid Perkins Coie $90,000 but the top lawyer over there is Marc Elias and he has assumed the role of Harr’s campaign general counsel. Pssst, Elias was general counsel to Hillary’s campaign.

Okay there is more. Senator Kirsten Gillibrand and amy Klobuchar have each spent $85,000 for legal services to Perkins Coie. Jay Inslee and John Hickenlooper also paid for legal services as has Julian Castro.

A few other law firms of interest and being paid for legal services include Senator Michael Bennet as well as Inslee and Castro are also using the law firms of Wilmer Cutler Pickering, Hale and Door while Joe Biden has hired Covington & Burling. One of the partners at C & V is Robert Lenhard, a former Federal Election Commission chairman is also advising Biden.

Hey, we cant leave out Mayor Pete Buttigieg. He so far appears to have spent the most ($320,000) of legal services for his campaign. He hired Jenner & Block. What about Bernie Sanders? He has spent $260,000 in legal fees to Garvey Schubert Barer.

The rest of the candidates such as Beto, Tulsi Gabbard, de Blasio have not spent all that much. Why, their respective campaigns have little campaign money in their war chests.

Anyway back to Perkins Coie and Mr. Elais. Campaign officials for the Hillary camp did not do any oversight on the money Elias was allowed to spend and where. As Fusion GPS produced opposition research on Trump via the dossier, it appears that the Hillary operation and Perkins Coie did not hesitate to publish unverified claims. You gotta wonder if the top floor of the FBI collaborated with Perkins Coie on the whole matter. Seems the FBI trusted Christopher Steele not to question his work and perhaps the same can be said of Perkins Coie…maybe due to Hillary herself…

Image result for hillary clinton marc elias

Oh, remember when Facebook terminated thousands of accounts due to they claim they were the product of Russian actors? Facebook was forced to disclose some of this information and guess who provided some of that legal work for Facebook? Yuppers, Marc Elias. Another sidebar to all of this is John Podesta. In September of last year, Podesta provided a closed door interview before the Senate Intelligence Committee staffers. Who sat next to Podesta? Right again, Marc Elias. Podesta claimed at the time he had no knowledge of payments to Fusion GPS. Next question is did Perkins Coie offer some office space to Glenn Simpson of Fusion GPS? That answer appears to be yes. Oh, another item of interest is Marc Elias has as part of his resume voting rights cases. These cases were funded by George Soros where election recounts resulted in highly contested states and districts.

Remember that Senator Robert Menendez case on federal bribery and financial disclosures that the senator paid to a good buddy doctor friend? Who provided the legal services to Senator Menendez? Ding ding ding, you would be right, Marc Elias. Add in the fact that John Kerry hired Elias for his 2004 presidential campaign as did Harry Reid in his 1998 contested senate election.

Imagine the discussions that Marc Elias has with his newest politician, Kamala Harris….just imagine the campaign roadmap Mr. Elias has crafted for Kamala. Consider, she does sound a lot like Hillary on the campaign trail.

 

Whoa, Meet Eric Kessler and Arabella

Who you ask?

Eric Kessler is founder, principal, and senior managing director of Arabella Advisors, a Washington, D.C.-based philanthropic consultancy that caters to left-leaning clients. Arabella Advisors also manages a number of center-left funding and fiscal sponsorship organizations, including 501(c)(4) Sixteen Thirty Fund, 501(c)(3) New Venture Fund, 501(c)(3) Hopewell Fund, and 501(c)(3) Windward Fund. Kessler himself is closely involved with these organizations, often serving as the founder, principal officer, or board member in them.

Kessler is closely involved in Democratic Party and left-wing politics. He is a former Clinton administration White House appointee and previously served as national field director for the League of Conservation Voters. [1] Kessler later served as a member of the now-defunct Clinton Global Initiative. [2]

Kessler chairs a committee on culinary advocacy for the center-left James Beard Foundation and is co-founder of the Chef Action Network. He also serves on the board of directors of the National Democratic Institute. [3]

Image result for eric kessler

Okay so what?

Well, when it came to the paid choreographed operation against Brett Kavanaugh, enter Arabella Advisors. While there were other well funded organizations, Kessler is someone to continue to watch. Senator Sheldon Whitehouse spoke often about the dark money supporting the Kavanaugh confirmation.

The most visible liberal organization was Demand Justice, formed only a few months before Kennedy’s retirement by veteran Democratic operatives with experience in the Hillary Clinton campaign and the Obama administration. If money given to the Judicial Crisis Network is “dark” because JCN’s annual 990 tax filings don’t disclose its donors, Demand Justice’s bank account is a black hole. “Fiscally sponsored” by the Sixteen Thirty Fund, an under-the-radar liberal intermediary group that passes money from donors to dozens of liberal organizations, Demand Justice doesn’t even file the disclosure forms that “dark money” groups do. Senator Whitehouse couldn’t put it on one of his pie charts if he tried. Both the donors to Demand Justice and the amount of money they contribute are completely invisible.

The Sixteen Thirty Fund does file an annual Form 990, but it does not reveal the identities of its donors. Although its budget dwarfs that of the Judicial Crisis Network and the Federalist Society combined, it has failed to pique Senator Whitehouse’s interest. In 2017 it brought in $79 million and ended the year with $43 million in assets, growing by an astonishing 1,547 percent in only eight years. In pursuit of its cryptically worded mission—“promoting social welfare, including, but not limited to, providing public education on and conducting advocacy regarding key policies”—the fund bankrolls liberal groups focused on everything from judicial appointments, organized labor, and abortion to Senator Whitehouse’s own favorite dark-money heavyweight, the League of Conservation Voters. They also fund Majority Forward, a 501(c)(4) group closely tied to Senator Chuck Schumer’s Senate Majority PAC. Majority Forward alone accounted for one-third of all the dark-money spending in the 2018 election, giving liberals a comfortable dark-money lead over conservatives.

Eric Kessler, a former White House aide to President Bill Clinton, serves as senior managing director of Arabella and as president of Sixteen Thirty. Both groups have the same Washington, D.C., address.

The approach appears typical of the company’s approach to such initiatives. Kessler told Worth magazine in 2017 that Arabella often assumes core management functions for its client charities.

“First and foremost, we support family philanthropists, family foundations, by providing staffing,” Kessler said. “What that means is, there’s a whole bunch of foundations with assets between about $30 million and $300 million whose address is my office. We are their executive director, their program officer, their grant manager.”

But hold on there is more. Where did all this mass incarceration issue come from? Yup, Arabella.

As part of a report on their website:

  • Supporting research to map the network of companies involved in the prison-industrial complex in greater detail. Such mapping can raise awareness of the prison-industrial complex, identify and expose its harmful practices, and empower advocates to counter the influence of those seeking to advance policies tied to profits rather than to preserve and protect communities.
  • Supporting organizations and initiatives that are working to counter the advocacy efforts of politically active corporations that profit from mass incarceration. Various companies within the prison-industrial complex provide money to lobbying groups that strengthen and perpetuate policies that help drive mass incarceration. Those working for better policies need financial support to overcome potential opposition from groups that benefit from the continuation of “business as usual” in the sector.
  • Divesting from egregious actors and investing in positive solutions. As in other sectors, divestment can help isolate and stigmatize entities that are engaged in harmful practices and can potentially motivate other corporations to cease doing business with them unless and until they reform. Meanwhile, investment in positive solutions can begin to help rebuild damaged communities.
  • Using the power of endowment capital to engage in investor activism and capital market strategies targeting companies in the prison-industrial complex. Donors and investors can use their capital and influence to take equity positions in companies that are associated with the prison industry from which they can raise awareness and push companies toward reform from within.

There is also the matter of climate change and the condition of natural disasters so key cities are being pressured to comply with reforms for urban areas. The matter of the hurricanes in Puerto Rico is of particular note.

One notable project is in San Juan where we are part of the effort, led by The Solar Foundation and the Clinton Foundation, for the installation of solar and energy efficiency upgrades of the Plaza del Mercado de Río Piedras in San Juan, the largest produce market on the island, responsible for the livelihoods of 200 small business owners. Since Hurricane Maria, the energy situation has led to an unstable business environment. A $600,000 grant from The Hispanic Foundation and a $500,000 grant from CDP will cover the cost of the purchase and installation of the first phase of solar panels, battery capacity and LED lighting. Our grant also creates an apprenticeship program for local workers to learn skills related to solar installation, roofing and electrical work which will help promote local workforce development. The project is being done at the request of, and in close coordination with, the Municipality of San Juan.

What about this debate on gender equality and internet access (digital divide) for everyone? Yup, that too.

 

 

Stupid Republicans in the House and Senate, Cheap Foreign Labor

Some of the names in the Republican House and Senate we have reasons to like very much but we should have a problem with this legislation. How about America First to start? You see, Silicon Valley did some very successful Congressional lobbying. The tech companies include Microsoft, Amazon, Equifax, Cisco, Google and Facebook to name a few. In summary, America does not have enough techies to do the jobs of the future, so rather than augmenting education or do career retraining, let’s go to China and India….swell eh? We lift visa quotas, bring in cheaper labor, put Americans out of work and launch another employment crisis, right? This too is fundamentally changing the whole immigration model again and placing foreign workers above American workers. American manufacturers go to China to build stuff because it is cheap labor. H.R. 1044 ends up doing the same thing right here in America.

Trump CANNOT sign this, please tell him so as you read on.

Image result for foreign cheap labor in the united states photo

The House of Representatives has taken a step in the direction of eliminating green card backlogs by passing the Fairness for High-Skilled Immigrants Act of 2019 (H.R. 1044) introduced by Representatives Zoe Lofgren (D-CA) and Ken Buck. (R-CO). The support was bi-partisan and passed in a 365 to 65 vote.  The bill would:

  • Increase per country quotas from 7% to 15% in the family-based categories;
  • Establish a “first-come first-served” employment-based visa system (including EB-5 investor visas) by eliminating the “per country” caps;
  • Establish a three-year transition period during which 10-15% of the visas would be set aside for countries other than India or China; and
  • Ensure that immigrants who have approved employment-based immigration visa petitions at the time of enactment do not lose their places “in line.”

Representative Lofgren estimates that it would take a decade for the per country lines to equalize.  The expectation is that if there is no increase in the number of visas available the wait time will even out to roughly seven years for everyone.  Others have suggested that eliminating the quotas will only incentivize more immigration from India and China and thus eliminate any benefit.

Senators Mike Lee (R-UT) and Kamala Harris (D-CA) introduced a companion bill in the Senate (S. 386) back in February.  That bill which also has bi-partisan support was referred to committee on July 9, 2019.

Senator Rand Paul, who opposed the “Fairness” Act, introduced the BELIEVE Act (Backlog Elimination, Legal Immigration and Employment Visa Enhancement Act) (S. 2091) on July 11, 2019.  That bill, like the House bill, would establish a “first-come-first-served” employment-based visa system but would also:

  • Quadruple the number of employment-based visas by doubling the number available annually and then exempting dependents from the “count”;
  • Grant green cards to children of temporary workers who would normally “age-out” as long as they have graduated from a U.S. university and have been in the U.S. for at least ten years;
  • Issue employment authorization to spouses and children of temporary workers in E, H and L status;
  • Provide employment and travel authorization to those waiting in line for employment-based green cards as a safeguard; and (importantly for nurses and physical therapists)
  • Exempt all shortage occupations from green card limits.

Any equalization will eliminate long lines for some employers and industries while adding wait times for others.  Proponents of the new bills believe that the equalization would create economic benefits by, among other things, making the United States more competitive with other countries like Canada that have been able to take advantage of prospective immigrants’ frustrations with the long delays in the U.S. immigrant visa process.

Facebook Primed for Illicit Funds Use/Money Laundering

America’s rivals are increasingly turning to bitcoin-style cryptocurrencies after their economies were brought to their knees thanks to crippling U.S. sanctions, experts have warned.

Iran, North Korea, Russia and Venezuela are all investing in the technology in an attempt to counter American economic might – and an expert says these nations are forming alliances through the technology.

A form of digital money, cryptocurrency uses encryption to secure transactions and control the creation of new units. It uses cryptography, a form of secret coding originating from the Second World War, to process transactions securely. Its major appeal is it is untraceable.

U.S. sanctions work by placing bans on dealings and transactions with persons, nations and companies.

When ransomware is planted on state or local government systems and theft of data occurs, cities are forced to pay ransom to regain ownership and control.

Florida has paid more than $1.1 million in bitcoin to cybercriminals to recover encrypted files from two separate ransomware attacks—one against Riviera Beach and the other against Lake City.

Lake City, a city in northern Florida, agreed on Monday to pay hackers 42 Bitcoin (equivalent to $573,300 at the current value) to unlock phone and email systems following a ransomware attack that crippled its computer systems for two weeks.

For years, ransomware has been a particularly annoying cybersecurity threat. And despite reports that cybercriminals are shifting their efforts away from encrypting malware to cryptomining malware, ransomware infections continue at an alarming rate.

In one week in March 2018 alone, government-run targets in two of the biggest cities in America — Atlanta and Baltimore — were hit by ransomware. These attacks, which disrupted important city services, are far from isolated; similar ransomware attacks have targeted U.S. municipalities for years.

Stories about smaller cities falling victim to ransomware often go unreported by the national news … or anywhere at all. Nevertheless, municipalities and cities in all corners of the U.S. have seen ransomware infect their networks.

So, here comes the U.S. Treasury Secretary, Steve Mnuchin with a major concern and warning for Facebook. What about this new Libra currency that has been launched?

(Reuters) – U.S. Treasury Secretary Steve Mnuchin said on Monday that the Treasury department has serious concerns that Facebook Inc’s proposed LIBRA cryptocurrency could be misused for money laundering, adding to the growing regulatory skepticism of the company’s digital asset plans.

Secretary Mnuchin also said that the agency has warned Facebook that it must enact proper safeguards against illicit use such as money laundering.

“Treasury has been very clear to Facebook…and other providers of digital financial services that they must implement the same anti-money laundering safeguards in countering the financing of terrorism as traditional financial institutions,” Mnuchin said.

Project Libra: Facebook Launching One-World ‘GlobalCoin ...

Meanwhile:

Activists and Democratic lawmakers blasted the Federal Trade Commission’s $5 billion fine against Facebook as “chump change” and lambasted the agency’s settlement as toothless.

The settlement, which was reportedly voted along party lines, gaining support from the FTC’s three Republicans while being rejected by its two Democrats, is the beginning of the end for the agency’s probe of Facebook’s alleged mishandling of more than 87 million users’ private data during the Cambridge Analytica scandal.

Although the fine sets a record in terms of the agency’s actions against Big Tech, a chorus of Democratic lawmakers, technologists and activists excoriated the FTC for not doing enough and not imposing a larger penalty.

“The sad reality is that this does not go nearly far enough. For a company that last year alone generated revenue nearly 11 times greater than the reported fine, the Federal Trade Commission should send a clear signal to Facebook and so many other tech companies that privacy is their ultimate responsibility,” Rep. Jan Schakowsky, D-Ill., who is chairwoman of the consumer protection and commerce subcommittee in the House, said in a statement. “If these reports are true, then they failed.”

Will Facebook pay the fine using Libra? Well, when it comes to the Facebook blockchain debate, Facebook declares the Swiss government will regulate it all. Really? There is a Congressional hearing in the Senate by the Banking, Housing and Urban Affairs Committee where Libra is to be explained. Frankly, isn’t PayPal a form of cryptocurrency too? Anyway, this testimony found here is regarding Facebook’s Libra Project.

Read it here.