The pre-election predictions of communications professionals surveyed by PRWeek proved to be unanimously – and embarrassingly – wrong. Could every PR executive in the U.S. have been so off, or was this a case of media bias in choosing the “experts?”

On Nov. 8, PRWeek published “They’re with her: PR execs predict a resounding Clinton victory,” in which it reported the pre-election predictions of 22 communications professionals – not one of whom predicted Donald Trump would win the election. Not only were their predictions wrong, they were embarrassingly wrong, with some apparently more influenced by personal opinion than science.

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Mark Zuckerberg, Facebook’s chief executive, has cultivated relationships with China’s leaders, including President Xi Jinping. He has paid multiple visits to the country to meet its top internet executives. He has made an effort to learn Mandarin.

Inside Facebook, the work to enter China runs far deeper.

Read the Full Article: Source – The New York Times
Time For Truth: (The New York Times) – Facebook Said to Create Censorship Tool to Get Back Into China

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United Auto Workers leaders huddled with Ford Motor Co. executives today after the union was caught off guard by President-elect Donald Trump’s tweet last night he helped prevent another Ford model from going to Mexico.

While the union is pleased Ford has now committed to continue building the Lincoln MKC small sport utility vehicle at a Kentucky factory, Trump’s tweets had suggested that the entire Louisville Assembly Plant’s output was under threat of moving to Mexico. The MKC is built on the same assembly line as the Ford Escape, which outsells the Lincoln version by 12-to-1. More than 5,000 employees are working nearly around the clock on three crews to meet demand for the two SUVs, said Todd Dunn, president of UAW Local 862 in Louisville.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Blindsided by Trump Tweet, UAW Meets With Ford on SUV Plan

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Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany.

VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Volkswagen plans 30,000 job cuts worldwide

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Research has documented that central banks around the world have been better able to control inflation if they enjoy independence from elected officials. The election of Donald Trump seems like a good time to remind ourselves that, historically, the executive branch has presented the greatest threat to the independence of the U.S. Federal Reserve.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – How Trump Could Spell Trouble for the Fed

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