The problem isn't that Facebook is creepy, it's that it's creepy AND HUGE

Writing in Wired, Rep David N. Cicilline [D-RI], the ranking Democrat on the House Judiciary’s Antitrust Subcommittee; and Terrell McSweeny, outgoing Democratic commissioner at the Federal Trade Commission write about the real problem with Facebook: it's a creepy, surveillant company that's also really, really big. Read the rest

World Bank recommends that countries eliminate minimum wage, dismantle wrongful dismissal rules and contractual protections for workers

A draft of the World Bank's annual flagship World Development Report says that its creditor-states (the poorest countries in the world) should eliminate their minimum wage rules, allow employers to fire workers without cause, and repeal laws limiting abusive employment contract terms. Read the rest

All of Puerto Rico loses power

1.4 million people in Puerto Rico lost power yesterday in an outage that lasted for a day and left part of the island without power even after service was mainly restored. Read the rest

Tesla pulls a Trump, smears critical press outlet as "extremists"

Tesla was extremely upset to learn that the employees who'd been injured and maimed in its factories spoke to Reveal News about the unsafe working conditions and culture of cover-ups at the Tesla plants. Read the rest

Facebook vs regulation: we exist nowhere and everywhere, all at once

Where is Facebook located? Well, if you're the taxman, Facebook's global HQ is a tiny shed somewhere in Ireland, where Facebook can escape virtually all taxation; but on the other hand, if you're the EU, Facebook is headquartered in America, where the General Data Protection Regulation doesn't apply. Read the rest

Watch Adam Pally go way off his Shorty Awards script

While presenting the award for Best Instagram Brand at the Shorty Awards, a dishevelled Adam Pally seemed to have an epiphany about the banality of evil that is the Shorty Awards, which he called the "waiting at the DMV of award shows." Read the rest

The US workforce is the most productive, best educated in history and unemployment is at an all-time low, but wages are stagnant

Orthodox market economics holds that when unemployment falls and the labor supply gets tighter wages go up; it also predicts that better-educated workers and more-productive workers get paid more for their work -- none of this has happened. Read the rest

Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

The subprime car-lending industry -- charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds -- is collapsing. Read the rest

Lawsuit reveals the deadly, out-of-control free-for-all inside Red State America's for-profit prisons

The Management & Training Corporation operates two federal prisons and 20 more state/local prisons around America; previously, it has been censured by Arizona for its role in deadly prison riots; now, the ACLU and Southern Poverty Law Center are suing the state of Mississippi over the violence, neglect, and rampant human rights abuses at Management & Training's East Mississippi Correctional Facility, near Meridian in Lauderdale County.

Read the rest

New Florida law lets beachfront property owners kick people off of public coasts

A new Florida law redefines the reach of beachfront property owners' claims to "the land above the mean high-tide level." This seemingly innocuous change means that private property owners -- and their patrolling rent-a-cops -- will have vastly expanded powers to kick members of the public off of public beaches. Read the rest

Scammy phone company Centurylink: "No one can sue us because we don't have any customers"

Centurylink is a giant, scammy telco notorious for larding its customers' bills with fraudulent charges, and instructing its customer service reps to do everything possible not to waive those charges; they also open fake accounts in their customers' names, a la Wells Fargo, and then rack up charges against them. Read the rest

Cyber-arms-dealer Grey Heron really, really doesn't want you to know about the connections between them and the disgraced Hacking Team

When Grey Heron surfaced this month selling anti-Signal and anti-Telegram surveillance tools at a UK trade show for cyber-arms-dealers, sharp-eyed journalists at Motherboard immediately noticed that the company's spokesman was last seen fronting for Hacking Team, a disgraced Italian cyber-arms-dealer that provided surveillance weapons to some of the world's cruelest dictators. Read the rest

Seasteading meets the shock doctrine in Puerto Rico, where ethnic cleansing precedes Going Galt

Naomi Klein's l(ooooo)ongread in The Intercept about the state of play in Puerto Rico is the comprehensive summary of the post-Maria fuckery and hope that has gripped America's colonial laboratory, the place where taxation without representation, austerity, chemical weapons, new drugs, and new agribusiness techniques get trialed before the rest of America are subjected to them. Read the rest

Big Telco hates "regulation," but they love their billions in government handouts

When it comes to killing Net Neutrality, Big Telco's major talking point is that "government regulation" has no place in telcoms; but the reality is that the nation's telecommunications providers are the recipients of regulatory gifts that run to $5B/year, and are expected to do very little in return for this corporate welfare. Read the rest

Clearchannel took over America's local radio, Bain Capital took over Clearchannel, Clearchannel went bankrupt

As I've written, the demise of newsmedia can't be blamed on tech -- rather, it was the combination of technology and deregulated, neoliberal capitalism, which saw media companies merged and acquired, vertically and horizontally integrated, with quality lowered, staff outsourced and assets stripped, leaving them vulnerable to technological shocks, after all their in-house experts were turned into contractors who drifted away, their physical plant sold and leased back, their war-chests drained by vulture capitalists who loaded them up with debt that acted like a millstone around their necks as they strove to maneuver their way out of their economic conundrum. Read the rest

SEC charges former Equifax CIO with insider trading

Jun Ying was serving as CIO of Equifax when he avoided more than $117,000 in losses by exercising and liquidating all of his stock options before the public was notified of the company's catastrophic breach -- but after he had figured out what was going on. Read the rest

Wells Fargo gives its CEO a $4.6m raise on flat earnings and more scandals

Wells Fargo CEO Tim Sloan has only been on the job since October, but he's earned a 35%, $4.6m raise, despite flat earnings and a series of scandals since Sloan took over from the cartoonishly villainous John Stumpf. Read the rest

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