2020 birthdays

2020 birthdays

Lyft: 8
Snapchat: 9
Instagram: 10
Uber: 11
Twitter: 14
Reddit: 15
YouTube: 15
Facebook: 16
Tesla: 17
Google: 22
Mozilla: 22
Netflix: 23
Amazon: 26
Qualcomm: 35
Apple: 44
Microsoft: 45
AMD: 51
Intel: 52
Sony: 74
HP: 81
Samsung: 82
Disney: 97
IBM: 109
Nintendo: 131

Wall Street On Parade Financial Literacy

Wall street on Parade

Selective Inflation Increases Financial Gap by Jonathan A Weiss Esq.

2018 Financial Secrecy Score

Federal Reserve Spokesman Explains How It Creates Money Out of Thin Air to Pump Out to Wall Street
https://wallstreetonparade.com/2019/10/federal-reserve-spokesman-explains-how-it-creates-money-out-of-thin-air-to-pump-out-to-wall-street/

The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse
https://wallstreetonparade.com/2019/10/the-fed-fears-an-explosion-on-wall-street-heres-how-jpmorgan-lit-the-fuse/

By Pam Martens and Russ Martens: October 28, 2019 ~
JPMorgan Chase is the largest bank in the United States with $1.6 trillion in
deposits from more than 5,000 retail bank branches spread across the country.
When it withdraws liquidity from the U.S. financial system, that has a
reverberating impact.
According to the filings that JPMorgan Chase […]

Remembering Mark Pittman, the One Journalist Who Would Have Been All Over the Fed’s Latest Wall Street Bailouts
https://wallstreetonparade.com/2019/10/remembering-mark-pittman-the-one-journalist-who-would-have-been-all-over-the-feds-latest-wall-street-bailouts/

https://youtu.be/GZkLXCZRBKY
By Pam Martens and Russ Martens: October 25, 2019 ~
Today would have been Mark Pittman’s 62nd birthday. Pittman died of a heart attack at age 52 on November 25, 2009 in the midst of a pitched court battle with the Federal Reserve to obtain data on its secret loans to Wall Street.

Quietly, U.S. and Foreign Banks Have Increased their Borrowings from U.S.
Money Market Funds
https://wallstreetonparade.com/2019/10/quietly-u-s-and-foreign-banks-have-increased-their-borrowings-from-u-s-money-market-funds/

Barclays (Green), UBS (Red), Deutsche Bank (Blue) and Credit Suisse (Orange)
— Stock Price Over the Past Decade
By Pam Martens and Russ Martens: October 25, 2019 ~
Memories are apparently very short at the Securities and Exchange Commission (SEC). The SEC seems to have forgotten that a run on money market funds holding bank commercial […]

What Are They Smoking at CNBC?
https://wallstreetonparade.com/2019/10/what-are-they-smoking-at-cnbc/

Headline at CNBC, Thursday, October 24, 2019
WSOP Staff: October 25, 2019 ~
Yesterday, the headline above appeared at CNBC. The headline writers there
must be living in an alternative reality.
Let us remind CNBC viewers what 2019 is actually shaping up to be: it’s the
year that the highest priced stock in the price-weighted Dow […]

Betsy Devos found in Contempt fined $100,000 for hurting kids.

Secretary of Education Betsy DeVos in contempt of court

STILL Enforcing Loans On Defrauded College Students.

The government will pay the $100,000, and DeVos will not be personally responsible for the sum.

Ten third-party contractors were involved in collecting the loans, and the judge’s opinion notes that the Education Department didn’t do much to make sure it followed the orders, beyond sending a few emails.

It’s rare for a judge to find a Cabinet secretary in contempt of court. Sen. Elizabeth Warren, a presidential candidate, has called for DeVos to resign over this issue.

the Education Department was supposed to simply refund all the money borrowed by students who attended Corinthian during the time it was making false claims.

DeVos Won’t stop  collecting loans from former students of a now-defunct chain of for-profit colleges.

$100,000 will go toward various remedies and legal expenses for students who are owed debt relief from the Education Department after Corinthian Colleges collapsed in 2014, according to the ruling.

more

Toby Merrill, the Harvard University lawyer and director of the Project on Predatory Student Lending who brought about the class action suit on behalf of 80,000 affected students against the Education Department. Harvard Law School
https://www.newsweek.com/education-secretary-betsy-devos-contempt-court-student-loan-scandal-1467672

https://www.npr.org/2019/10/25/773334681/devos-held-in-contempt-of-court-ed-department-fined-100-000-in-student-loan-case

The Project on Predatory Student Lending represents the students in the lawsuit.
https://nationalinterest.org/blog/buzz/judge-fines-devos-100000-contempt-court-91521

Top Betsy DeVos appointee abruptly quits, calls for canceling $925 billion in student loan debt

Trump’s top student loan official resigns — and immediately calls for ditching “fundamentally broken” loan system.

A. Wayne Johnson was appointed by DeVos in 2017 as chief operating officer of the Office of Federal Student Aid, which oversees the more than $1.5 trillion in student debt accrued by millions of Americans. He later moved into a different position, leading an effort to overhaul how the agency handles borrowers and lenders.

A. Wayne Johnson appointed by Secretary Betsy DeVos abruptly announced his resignation on Thursday and called for the cancellation of more than $900 billion in student loan debt.

Johnson told the outlet that repayment trends suggest that much of the outstanding debt will never be repaid and called for an overhaul of the entire student lending system.

Johnson  hopes to be appointed to the Senate seat in Georgia  by Gov. Brian Kemp, a Republican, but will run for the seat in the next election if he is not selected.

Johnson’s plan would forgive more debt than the plan proposed by Sen. Elizabeth Warren, D-Mass., which would cancel all debt up to $50,000 for families earning under $100,000 per year. Johnson’s plan, which has no income cap, would fall short of the plan proposed by Sen. Bernie Sanders, I-Vt., who has called for the cancellation of all student debt.

Rep. Robert C. “Bobby” Scott (D-Va.), chairman of the House Education Committee, is threatening to subpoena Education Secretary Betsy DeVos for more documents related to the department’s role in Dream Center’s actions. Scott says the agency has obstructed the committee’s investigation and refused to answer questions, as emails and letters paint a picture of a federal agency complicit in an effort to place profits before students

Trump administration let nearly $11 million in student aid go to unaccredited for-profit colleges

Mounting evidence shows the Trump administration took extraordinary steps to keep two Art Institute campuses accredited after both lost the designation and access to federal student aid. Now one former student is suing the Education Department for violating its own rules.

https://www.educationdive.com/news/facing-insolvency-dream-center-is-unloading-art-institutes/546114/

Turmoil at Dream Center Colleges Spills Open With Seattle “At-Risk” Designation

#Privacy, #Facebook Coin, Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency

#Privacy, #Facebook Coin, Uber, PayPal, Visa to Back #Facebook’s GlobalCoin Cryptocurrency

Starting with Facebook can’t get into China and 2015 Facebook Announces a Payments Feature for Its Messenger App

2019 #WeChat has become the centerpiece of digital life in China

where people use it to order movie tickets, subway passes, food delivery and rides. If Facebook succeeds in turning its own messaging services into a platform for everything, it could ultimately threaten established services such as Snapchat, Yelp, Venmo, eBay and even Apple and Amazon.

IN CHINA THERE IS NO PRIVACY!

IN AMERICA THERE IS NONE! THANKS TO THE DEMOCRAT$ AND THE REPUBLICAN$

  1. Cambridge Analytica and Facebook: The Scandal and the Fallout So Far Revelations that digital consultants to the Trump campaign misused the data of millions of Facebook users set off a furor on both sides of the Atlantic. https://www.businessinsider.com/cambridge-analytica-trump-firm-facebook-data-50-million-users-2018-3/
  2. Are you ready? Here is all the #data Facebook and Google have on you
    https://www.theguardian.com/commentisfree/2018/mar/28/all-the-data-facebook-google-has-on-you-privacy
  3. #Trump linked firm Cambridge Analytica collected personal information from 50 million Facebook users without permission https://www.businessinsider.com/cambridge-analytica-trump-firm-facebook-data-50-million-users-2018-3/
  4. Comparing #Obama Cambridge Analytica https://www.politifact.com/truth-o-meter/statements/2018/mar/22/meghan-mccain/comparing-facebook-data-use-obama-cambridge-analyt/

Facebook can’t get into China and wants to be WhatsApp China’s top app.

#Tencent-owned WeChat is China’s most popular messaging app and has a mobile payments feature known as #WeChat Pay. #Facebook Coin, which would be pegged to the U.S. dollar and allow users to transfer money through Facebook-owned messaging application WhatsApp, according to Bloomberg.

Facebook wants to be America’s version of China’s WeChat

and started developing its own digital currency to make it easier for users to send money to their messaging contacts. Facebook didn’t offer many details on its digital currency endeavors but said a “new small team” was looking for ways to make use of the type of technology powering bitcoins and other cryptocurrencies.

Facebook has reportedly lined up Uber, PayPal, Visa and others to invest $10 million each in the consortium governing its secretive crypto project.
https://www.coindesk.com/report-uber-paypal-visa-to-back-facebooks-globalcoin-cryptocurrency

Tencent, is more than just a messaging app. It’s what some analysts dub a “super-app” because it offers everything from mobile payments to the ability to book flights and even play games — all without leaving the app. ‘WeChat of the West’
https://www.cnbc.com/2019/03/13/facebook-wants-to-copy-wechat-pay-with-facebook-coin-payments.html

The reason why FB wants these partners. To turn every single account holder into a new banking account. Personal and business at the same time. Very centralized indeed. Multiple privacy concerns and contracts. Personal data is at risk.
Facts: 1. Facebook is issuing its own ‘cryptocurrency’
2. Evan Cheng is Facebooks’s Director of Blockchain engineering

One of Facebook’s most senior engineers just became Director of Engineering, Blockchain


3. Evan Cheng is advisor of #chainlink
4. Facebook will need an oracle for the purpose they’re looking for.

Facebook Gave Data Access to Chinese Firm Flagged by U.S. Intelligence

“https://www.nytimes.com/interactive/2018/06/03/technology/facebook-device-partners-users-friends-data.html

Sarah Jamie Lewis ‏@SarahJamieLewis
Can’t wait for a cryptocurrency with the ethics of Uber, the censorship resistance of Paypal, and the centralization of Visa, all tied together under the proven privacy of Facebook. I’ve always said the thing that cryptocurrency was missing was consortiums of corporations fully invested in the existing financial sector. Who, seriously, looked around the room and said, “shit, we really need to invite PayPal”
Do you trust 2/3 of paypal, visa, uber and facebook <insert other corps here> not to collude to publish contradictory checkpoints? What does byzantine consensus even mean in that scenario? “Facebook won’t control the coin” it will just develop the coin and then assemble the initial members of the consortium after which point the power will be distributed to the consortium members, that Facebook picked, and who are all large corporations.

See, decentralized. “Facebook won’t directly control the coin, nor will the individual members of the consortium — known as the Libra Association. Some of the members could serve as “nodes” along the system that verify transactions and maintain records of them, creating a brand-new payments network, according to people familiar with the setup.”
In the future, Paypal will verify your transaction behind the scenes as you pay for your Uber seamlessly using your phone, just top up your Facebook Libre account with Visa or Mastercard. So much innovation.

Roxana Nasoi @roxanasoi

Ever wondered how PayPal shares your Data? And to who?
Let’s go with the major funnels:
1. PayPal shares your data with Auditors. Internal and external, due to its nature.
2. PayPal shares your data with Customer Services. In the process of handling claims, customer services need access to your account history – so basically they need your historical data information. In case of disputes, they can access the last 30 to 90 days. Maybe even more?
3. PayPal shares your data with Fraud agencies and AML services. You will discover that after $1k to $2k, you need to KYC in order to continue using your account. If you use PayPal for business purposes, but your account is a personal one, you can end up with funds frozen.
4. Next is Financial Products. All those business and personal finance tools you see inside your PayPal dashboard can’t be used without your financial data. To add more, new products are created based on user data patterns. Unknown the extent of external financial products.
5. Don’t forget about your data being shared with Commercial Partnerships. Don’t worry, banks do the same. Apps do the same. Nothing new here.
6. PayPal uses your data for Marketing and PR. Need another example? Try Facebook, Google (Gmail) etc. Data sells, and we can’t really talk about performance and customer experience without backing claims with data reports.
7. PayPal (along with 95% of systems) shares your data with Operational Services.
8. Group Enterprises also have access to your data. Blame it on group dynamics if you want to or on contracts you’ll never have a say in.
9. Commercial Partners (to no surprise) can access your data, as well through a service called PayPal for Partners (Merchants use it).
10. Legal. From disputes to payment protection to lawsuits, to internal or partner legal firms – yes, they can access the data. Or have access to it in some form.
11. Other services and agencies. At some point they argued that government agencies cannot claim access to a user’s data. However, this is an overstatement. Under the premise of fraud, Gov agencies can and will get access. Based on historical examples, we know it’s possible.
This is probably the main reason why we do need crypto. A coded architecture that makes it incorruptible.
“Code is Law”.
Bitcoin has managed to provide a clear first example of incorruptibility, where growth and maturity of one system does not change the core.