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Nov 17, 2016

The Guardian | World | US | Trump Administration - November 18, 2016 (03:01 GMT): Trump Camp Tries to Claim That He Never Called For a Muslim Registry - as it Happened

theguardian.com
 
Nicky Woolf
Aprox.

Today in transition 2016

Barack Obama on fake news: 'We have problems' if we can't tell the difference

President Barack Obama has spoken out about fake news on Facebook and other media platforms, suggesting that it helped undermine the US political process.
Barack Obama leaves a press conference with German Chancellor Angela Merkel.
Barack Obama leaves a press conference with German Chancellor Angela Merkel. Photograph: Carsten Koall/Getty Images
“If we are not serious about facts and what’s true and what’s not, if we can’t discriminate between serious arguments and propaganda, then we have problems,” he said during a press conference in Germany.
Since the surprise election of Donald Trump as president-elect, Facebook has battled accusations that it has failed to stem the flow of misinformation on its network and that its business model leads to users becoming divided into polarized political echo chambers.
Obama said that we live in an age with “so much active misinformation” that is “packaged very well” and looks the same whether it’s on Facebook or on TV.
“If everything seems to be the same and no distinctions are made, then we won’t know what to protect. We won’t know what to fight for. And we can lose so much of what we’ve gained in terms of the kind of democratic freedoms and market-based economies and prosperity that we’ve come to take for granted,” he said.
These comments come after Facebook CEO Mark Zuckerberg rejected the “crazy idea” that fake news on the social network swayed voters in the US presidential election. That’s in spite of analysis by BuzzFeed that showed that fake news on the site outperformed real news in the run-up to polling day.
Updated

AP: Retired general Michael Flynn offered national security advisor role

Muslims in Trump's America: realities of Islamophobic presidency begin to sink in

Statement from Trump team on 'Muslim registry'

Barack Obama is the latest figure to speak out about fake news on Facebook and other media platforms, suggesting that it helped undermine the US political process, Olivia Solon reports:
“If we are not serious about facts and what’s true and what’s not, if we can’t discriminate between serious arguments and propaganda, then we have problems,” he said during a press conference in Germany.
Since the surprise election of Donald Trump as president-elect, Facebook has battled accusations that it has failed to stem the flow of misinformation on its network and that its business model leads to users becoming divided into polarized political echo chambers.
Obama said that we live in an age with “so much active misinformation” that is “packaged very well” and looks the same whether it’s on Facebook or on TV.
“If everything seems to be the same and no distinctions are made, then we won’t know what to protect. We won’t know what to fight for. And we can lose so much of what we’ve gained in terms of the kind of democratic freedoms and market-based economies and prosperity that we’ve come to take for granted,” he said.
For Updates Click: https://www.theguardian.com/us-news/live/2016/nov/17/donald-trump-transition-cabinet-news-politics-live

WSJ | Forex Closing on November 17, 2016

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Forex Closing
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WSJ | Major Indexes Closing on November 17, 2016

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Major Indexes Closing
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NYT | Business Day - November 17, 2016: Former Valeant and Philidor Executives Charged in KickBack Scheme

nytimes.com
 
Katie Thomas and Matthew Goldstein

A Kickback Scheme at Valeant

Preet Bharara, the U.S. attorney for the Southern District of New York, announced the arrest of ex-executives at Valeant and Philidor in a kickback scheme.
By CNBC on November 17, 2016. Photo by CNBC. Watch in Times Video »

WSJ | Biggest Gainers Closing on November 17, 2016

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Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 11/17/2016
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WSJ | Most Actives Closing on November 17, 2016

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Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 11/17/2016
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WSJ | Biggest Decliners Closing on November 17, 2016

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Biggest Decliners Closing
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4:31 pm ET 11/17/2016
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CMI | Metals Spot Prices Closing on November 17, 2016

Spot Prices as of traditional New York closing times

Thursday, November 17, 2016



 

Wall Street Closing on November 17, 2016Stocks Close Within Striking Distance of Record Highs; Financials Lead

cnbc.com

Fred Imbert
 
U.S. equities rose on Thursday, putting the major indexes close to all-time highs, as investors parsed through economic data and Federal Reserve Chair Janet Yellen's testimony.

SEC Press Release - November 17, 2016: JPMorgan Chase Paying $264 Million to Settle FCPA Charges

SEC Seal


11/17/2016 10:30 AM EST

The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to their relatives and friends in violation of the Foreign Corrupt Practices Act (FCPA).

European Markets Closing Report on November 17, 2016: European Stocks Close Higher; Yellen Hints at Rate Hike

cnbc.com
 
Arjun Kharpal, Sam Meredith
 
European stocks closed higher on Thursday as traders paused for breath after U.S. bond yields pulled back and Federal Reserve Chair Janet Yellen hinted at a U.S. rate hike "relatively soon".

FRB Press Release - November 17, 2016: Federal Reserve Board orders JPMorgan Chase & Co. to pay $61.9 million civil money penalty

www.federalreserve.gov

 

Press Release

Release Date: November 17, 2016

The Federal Reserve Board on Thursday ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to the firm's practice of hiring individuals referred by foreign officials and other clients in order to obtain improper business advantages for the firm.
In levying the fine on JPMorgan Chase, the Federal Reserve Board found that the firm's Asia-Pacific investment bank operated an improper referral hiring program. The firm offered internships, trainings, and other employment opportunities to candidates who were referred by foreign government officials and existing or prospective commercial clients to obtain improper business advantages.
The Federal Reserve found that the firm did not have adequate enterprise-wide controls to ensure that referred candidates were appropriately vetted and hired in accordance with applicable anti-bribery laws and firm policies.
The Federal Reserve's order requires JP Morgan Chase to enhance the effectiveness of senior management oversight and controls relating to the firm's referral hiring practices and anti-bribery policies. The Federal Reserve is also requiring the firm to cooperate in its investigation of the individuals involved in the conduct underlying these enforcement actions and is prohibiting the organizations from re-employing or otherwise engaging individuals who were involved in unsafe and unsound conduct.
The Federal Reserve is imposing the fine and requiring the firm to modify its practices concurrently with actions by the U.S. Department of Justice and the Securities and Exchange Commission.
For media inquiries, call 202-452-2955
Attachment (PDF)
 
Last update: November 17, 2016

FTC | Press Release - November 17, 2016: FTC “Sharing Economy” Report Explores Evolving Internet And App-Based Services

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Report Highlights Competitive Benefits And Consumer Protection Challenges Triggered By Proliferation Of Online Services

FRB - Testimony by Chair Janet L. Yeltsin: The Economic Outlook

federalreserve.gov

Testimony--Yellen, The Economic Outlook--November 17, 2016

Chair Janet L. Yellen

The Economic Outlook

Before the Joint Economic Committee, U.S. Congress, Washington, D.C.

November 17, 2016

RT Max Keiser Report (E998) Trumponomics: Originally Published on November 15, 2016.

BEA News Release 17, 2O16: Local Area Personal Income:: 2015


bea.gov
 
Home
> News Release: Local Area Personal Income: 2015 

ESA | New Residential Construction (October 2016) - November 17, 2016

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Building permits in October 2016 were at a seasonally adjusted annual rate (SAAR) of 1,229,000, up 0.3 percent from the revised September rate, and up 4.6 percent from October 2015.

Consumer Financial Protection Bureau - November 17, 2016: Bureau publishes 2017 lists of rural or underserved counties

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consumerfinance.gov
 
Some entities that do business in rural or underserved counties are exempt from certain regulatory requirements of the Truth in Lending Act.
In addition to these lists, lenders can use our Rural or Underserved Areas Tool to provide a safe harbor determination that a property is located in a rural or underserved area as defined in 12 CFR 1026.35(b)(2)(iv)(A) and (B).

These lists include the following U.S. territories as rural areas in their entireties: Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, and the U.S. Virgin Islands. These territories comprise areas that the U.S. Census Bureau treats as counties and that are neither metropolitan statistical areas or micropolitan statistical areas adjacent to metropolitan statistical areas.

Bloomberg Markets - November 17, 2016: 5 Things You Need to Know to Start Your Day | Bank of Japa

bloomberg.com
 
Lorcan Roche Kelly lorcanRK

The Bank of Japan offers to buy unlimited amounts of bonds, Janet Yellen is due in Washington, and world's biggest miner expects the commodity rally to cool. Here are some of the things people in markets are talking about today.

U.S. Stock Market Future Indications - November 17, 2016: Wall Street Eyes Yellen, Data, Earnings

cnbc.com
 
Anmar Frangoul
Andrew Renneisen | Getty Images
U.S. stock index futures pointed to a higher open on Thursday morning as traders eyed comments from Federal Reserve Chair Janet Yellen, as well as a host of data and earnings.
Yellen is set to appear before the Joint Economic Committee of Congress in Washington, D.C.

Bloomberg View | Share The View: Fake News and False Incentives

bloomberg.com
 
Bloomberg View
 
The Economics of Clickbait

Maybe you don't get your news from dodgy websites run by Macedonian teens, but there's a good chance you know someone who does. The problem, Leonid Bershidsky says, is that journalists and advertisers can't agree on what they want from readers.

Asian Markets Closing Report on November17, 2016: Asian Markets Slip as OilPrices Fall


www.marketwatch.com
marketwatch.com
 
Kenan Machado 
 
A drop in oil prices weighed on Asia stocks on Thursday, ahead of inflation, jobs and exports data expected from the U.S. and Federal Reserve Chairwoman Janet Yellen’s testimony on the economic outlook to Congress later in the day.

The Guardian | World | Economics | Business Live - November 17, 2016: Ed Balls Calls for Reforms to Bank of England Independence - Business Live

theguardian.com
 
Angela Monaghan
Aprox

The Guardian | World | Europe | EU Referendum and Brexit - November 17, 2016: Lib Dems "Could Force Theresa May to Reveal Brexit Plans Before Article 50"

theguardian.com
 
Heather Stewart
 
Pro-remain Liberal Democrat peers believe they could insert extra clauses into even the most tightly worded Brexit bill to force Theresa May to tell parliament more about her negotiating plans before she triggers article 50.