All posts on November, 2017


Social Networks

Snapchat Draws Bright Line Between ‘Social’ and ‘Media’

Snap aims to combat fake news on Snapchat by separating content from professional creators from postings by friends and family. Stories and Chats from friends will appear on the left side of the camera, while Stories from content creators, publishers and other members of the community will appear on the right side. Snapchat aims to disentangle “social” from “media,” noted Snap CEO Evan Spiegel.

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Business

Major Players Roll Up Sleeves to Solve Open Source Licensing Problems

Four big tech players this week moved to improve their handling of open source software licensing violations. Red Hat, Google, Facebook and IBM said they would apply error standards in GNU GPLv3 to all of their open source licensing, even licenses granted under older GPL agreements. “This will make everything consistent with GPLv3,” said IP attorney Lawrence Rosen.

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ApprovedBusiness and financeFINANCEFinance and economics

A flattening yield curve argues against higher interest rates

CENTRAL bankers may control short-term interest rates, but long-term ones are mostly free to wander. They do not always behave. When Alan Greenspan, then chairman of the Federal Reserve, was raising short rates in 2005, he described a simultaneous decline in long rates as a “conundrum”. His successor-to-be, Ben Bernanke, blamed foreign investments in American assets because of a “global saving glut”.

Janet Yellen, today’s (outgoing) Fed chair, faces a similar puzzle. Ms Yellen’s Fed has raised rates twice this year, and will probably make it three times in December. In October the Fed began to reverse quantitative easing (QE), purchases of financial assets with newly created money. Despite all this monetary tightening, yields on ten-year Treasury bonds have fallen from around 2.5% at the start of 2017 to about 2.3% today. As a result, the “yield curve” is flattening. The difference between ten-year and two-year interest rates is at its lowest since November 2007 (see chart).

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Cybersecurity

MacOS High Sierra Flaw Creates High Anxiety

Apple has released a security update to fix a serious flaw revealed via Twitter. The patch is available for macOS High Sierra 10.13.1. macOS 10.12.6 and earlier versions aren’t affected. “This morning, as of 8 a.m., the update is available for download, and, starting later today, it will be immediately automatically installed on all systems running MacOS High Sierra 10.13.1,” Apple said.

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E-Commerce

Cyber Monday Sales Shoot the Moon

Online sales hit a new record of $6.59 billion on Cyber Monday — a 17 percent increase from last year’s sales for the day — making it the largest online shopping day in history, based on Adobe Analytics data. Mobile shopping also broke records, starting with the channel’s first-ever $2 billion sales day. Smartphone shopping accounted for more than 21 percent of e-commerce revenue.

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