Mark Carney has come out and said the very thing that every economist studying the subject agrees with. It isn’t true that everyone benefits from free trade and globalisation. The net effect on all humans is vastly positive, but there are still those that lose. And that’s a political problem, not an economic one. For the people who don’t win are, largely speaking, those below median incomes in the already rich countries. It is this which drives the chatter about increasing inequality when in fact inequality, measured globally, is falling.
Read the Full Article: Source – ForbesRead More
Time For Truth: (Forbes) – Mark Carney's Right, Not Everyone Benefits From Free Trade And Globalisation - The Semi-Rich Don't
Facebook, Twitter, Google and Microsoft are not acting quickly enough to tackle hate speech, according to the European Commission, which has told the companies to get their act together.
If the Silicon Valley companies do not speed up their response to tackling illegal hate speech on their platforms, they will be be held accountable under European law, the Commission said Sunday.
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Time For Truth: (c|net) – US tech giants not acting fast enough on hate speech, EU charges
When American firms dominate a global market worth more than $70 billion a year, you’d expect to hear about it. Not so with the global arms trade. It’s good for one or two stories a year in the mainstream media, usually when the annual statistics on the state of the business come out.
Read the Full Article: Source – The NationRead More
Time For Truth: (The Nation) – The Obama Administration Has Brokered More Weapons Sales Than Any Other Administration Since World War II
Eric Schmidt, the chief executive of Alphabet, Google’s parent company, is working directly with Hillary Clinton’s presidential campaign, according to a memo contained within an email released by WikiLeaks.
“Discreet conversations” of forming “working relationships” with companies such as Facebook and Apple were also facilitated as early as October 2014, the memo stated. This is at least six months prior to when Clinton announced her candidacy for president.
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Time For Truth: (Free Beacon) – Memo: Google’s Eric Schmidt Working Directly With the Clinton Campaign
President Barack Obama’s drive to hand off control of Internet domains to a foreign multi-national operation will give some very unpleasant regimes equal say over the future of online speech and commerce.
In fact, they are likely to have much more influence than America, because they will collectively push hard for a more tightly controlled Internet, and they are known for aggressively using political and economic pressure to get what they want.
Here’s a look at some of the regimes that will begin shaping the future of the Internet in just a few days, if President Obama gets his way.
Read the Full Article: Source – BreitbartRead More
Time For Truth: (Breitbart) – Meet the New Authoritarian Masters of the Internet