The November jobs report looked pretty good on the surface except for one number that popped off the page: 95 million.
That’s the number of Americans now counted as not in the labor force, a historic high that has confounded economists and policymakers. The total — 95.06 million to be more exact — has been rising consistently but surged by a gaudy 446,000 last month.
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Time For Truth: (CNBC) – What 'are so many of them doing?' 95 million not in US labor force
The European Parliament has voted to suspend Turkey’s EU membership talks because of the Turkish government’s crackdown since a coup attempt in July.
The MEPs’ non-binding vote has already been dismissed as “worthless” by Turkish President Recep Tayyip Erdogan.
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Time For Truth: (BBC News) – Euro MPs vote to freeze Turkey EU membership talks
Twitter has verified an official English account of the Muslim Brotherhood, despite the platform’s pledge to fight hate speech. Multiple countries have designated the organization as a terrorist group.
On Saturday, Twitter awarded the Muslim Brotherhood a “verification check”, normally given to legitimate and prominent accounts on the platform. The reason for verification remains unclear due to Twitter’s policy of not commenting on individual accounts.
The IMF on Thursday urged Argentina to stay the course on tough economic reforms, but also to take steps to protect the poor from the negative consequences.
In the first report on the nation’s economy in a decade, marking full restoration of relations between Buenos Aires and the International Monetary Fund, the fund said it will take time for the reforms to bear fruit and there will be “negative short-term impact” of the policy changes.
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Time For Truth: (France 24) – IMF urges Argentina to continue reforms, protect poor
Alphabet Inc’s Google (GOOGL.O) and Facebook Inc (FB.O) on Monday announced measures aimed at halting the spread of “fake news” on the internet by targeting how some purveyors of phony content make money: advertising.
Google said it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, while Facebook updated its advertising policies to spell out that its ban on deceptive and misleading content applies to fake news.
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Time For Truth: (Reuters) – Google, Facebook move to restrict ads on fake news sites