On the Street

Tennessee Lawmaker Takes on Facebook to Protect Privacy

The FTC announced last week it had opened an official, non-public investigation into Facebook’s privacy practices after the company allowed access to consumers’ information to a third party. Not only does this data-sharing represent a violation of users’ trust, but it most likely violates a consent decree imposed on Facebook after it settled a similar FTC investigation in 2011. To ...

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Middle Eastern Oil Politics: Peaceful Complexities

“If it bleeds, it leads” is a common axiom in journalism with respect to the priority of news coverage. In a region like the Middle East where violence is altogether too common, events portending prosperity are naturally viewed with skepticism or overlooked entirely.  Thus, with very little fanfare, Israel will very soon be exporting natural gas to the world’s most ...

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Facebook Stock Under Gun for Data Breaches

Event risk is inherent when investing in the stock market.  Companies like Facebook have news stories published daily that will influence the direction of how shareholders feel about their stock.  Will astute investors look at this 10% plus pullback as a buying opportunity? From a technical perspective, Facebook is at a pivotal support point right now. Let’s look at recent ...

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The Federal Government Still Spends Way More on the Elderly Than on Children

A paper being presented this week at the Brookings Institution outlines the substantial long-term benefits of the investment in early childhood to our society. However, federal spending is still being spent significantly more on the elderly than children. In 2015, the federal government spent about $35,000 per elderly person though Medicare and social security programs versus the $5,000 on children ...

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Best Buy’s Geek Squad Shares Your Personal Info with FBI

Documents obtained by the nonprofit digital rights group Electronic Frontier Foundation (EFF) confirm that Best Buy’s Geek Squad has been sharing information with the FBI without consumers’ permission for at least 10 years. “We think the FBI’s use of Best Buy Geek Squad employees to search people’s computers without a warrant threatens to circumvent people’s constitutional rights,” wrote the EFF. “That’s ...

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How Phone Apps are Selling Your Location Data

Smartphones may have made our lives easier, but they also act as devices to collect data for marketers. You may have noticed that you have been receiving more push notifications or ads alerting you of a nearby restaurant or store. That’s because these brands have access to your location-based data and are using automation marketing platforms to reach you. But, ...

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Additional 2.4 Million Americans Impacted by Equifax Breach

Equifax admitted this week that an additional 2.4 million Americans were impacted by the 2017 breach that exposed over 140 million Americans to identity theft. This brings the grand total to roughly 147.9 million people. Unlike the first group of consumers, potential data stolen from the second group is limited to names and partial Driver’s License Numbers. With the first ...

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US Intel Warns Americans to Stay Away from Huawei and ZTE

Officials from the FBI, CIA, NSA and Defense Intelligence Agency issued a warning on Tuesday that smartphones made in China represent a potential security threat for American customers. The warning, which came during a Senate Intelligence Committee hearing on worldwide threats, has massive implications for Apple competitor Huawei and telecom company ZTE. Both companies in 2012 were banned from selling ...

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Purdue Pharma to Scale Back Promotion of OxyContin

OxyContin manufacturer Purdue Pharmaceuticals announced last week it would no longer be marketing opioids directly to physicians. “We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers,” said the company in an official statement. Purdue will continue to sell OxyContin, but will no longer send sales representatives to doctors’ offices. Purdue told ...

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