The Cambridge Analytica-Facebook Scandal and the Coming Data Bust
From today’s New York Times: The queasy truth at the heart of Facebook’s Cambridge Analytica scandal, which is so far the company’s defining disgrace of 2018, is that its genesis…
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consumer protection
corporate governance
financial corruption
Republican Party
Trumpism
Mick Mulvaney says CFPB’s priority is ‘free markets and consumer choice’
From today’s LA Times: Consumer Financial Protection Bureau chief Mick Mulvaney told lawmakers Wednesday that the agency’s new priority is “to recognize free markets and consumer choice” and take “a…
Facebook Says Cambridge Analytica Harvested Data of Up to 87 Million Users
From today’s New York Times: Facebook on Wednesday said that the data of up to 87 million users may have been improperly shared with a political consulting firm connected to…
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American economy
consumer protection
economics
Globalization
labor market
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Trumpism
wages
worker rights
Tariffs bad news for American economy, including workers and consumers
From today’s The Hill: There’s never a good time for tariffs. American workers and consumers will pay dearly for the Trump administration’s short-sighted action to protect an industry that shows…
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domestic politics
Fake-News
foreign politics
media
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Cambridge Analytica CEO Suspended, Involved in Hacking American Elections
From National Public Radio News: Cambridge Analytica has suspended its CEO, Alexander Nix. The London-based company, which is accused of using data from 50 million Facebook users to influence the…
56 years later, JFK’s call for a consumer bill of rights is forgotten under Trump
From the Los Angeles Times: On this day in 1962, President Kennedy laid out in a speech to Congress the framework for a consumer bill of rights and the crucial…
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American economy
consumer protection
Democratic Party
domestic politics
economics
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political corruption
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Some Dems ready to loosen tough bank regulations passed after financial crisis
From today’s LA Times: Before the 2008 financial crisis, BAC Community Bank in Stockton made about 100 mortgage loans a year. Now, after new regulations mandated in the Dodd-Frank Wall…
Breaking News: Dick’s Sporting Goods To Stop Selling Assault-Style Weapons
From today’s New York Times: One of the nation’s largest sports retailers, Dick’s Sporting Goods, said Wednesday morning it was immediately ending sales of all assault-style rifles in its stores.…
The Tyranny of Convenience
From the New York Times: Convenience is the most underestimated and least understood force in the world today. As a driver of human decisions, it may not offer the illicit…
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American economy
campaign finance
Congress
consumer protection
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income inequality
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When Wall Street Writes Its Own Rules, It’s An Age of Unprecedented Corruption
From today’s New York Times: On July 25, 2013, a high-ranking federal law enforcement officer took a public stand against malfeasance on Wall Street. Preet Bharara, then the United States…