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Facebook Can ID Faces, But Using Them Is A Matter Of Privacy

via Somini Sengupta and Kevin J. O’Brien, The New York Times Facebook on Friday confronted a new obstacle over what to do with one of its most vital assets — pictures. The company promised European regulators that it would forgo using facial recognition software and delete the data used to identify Facebook users by their … Continue reading

U.S. Ambassador To Libya Killed In Attack

via Jamie Dittmer, The Daily Beast The U.S. ambassador to Libya, Chris Stevens, and three State Department officials were killed last night in a targeted rocket attack, after riots over a U.S. film depicting the Prophet Muhammad as a fraud. The assault came as the envoy sought to reach safety during a vicious Salafist assault … Continue reading

End-Of-Term Report: Obama’s Record Is Better Than The Woes Of America’s Economy Suggests

via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading

Why Europe Won’t Create The Next Apple, FedEx Or McDonald’s

via Frank Holmes, Forbes A surprising wealth of information about the world’s most prosperous people can be discovered in two new reports. The Chinese Millionaire Wealth Report 2012, put together by GroupM and the Hurun Report, found that there are now a million millionaires in China. On average, a Chinese millionaire is 39 years old, … Continue reading

Britain Considers Leaving The European Union

via Anthony Faiola, The Washington Post Like so many others in this fiercely independent island nation, Steve Baker, a dashing English engineer, is fed up with the long hand of the European Union in British life. The E.U., he said, has meddled for years in British legal affairs and labor laws. But now the 27-nation … Continue reading

Bring Back The Draft?

via Thomas E. Ricks, The New York Times In late June, Gen. Stanley A. McChrystal, the former commander of international forces in Afghanistan, called for reinstating the draft. “I think if a nation goes to war, every town, every city needs to be at risk,” he said at the Aspen Ideas Festival. “You make that … Continue reading

Wanted: Jobs For the Next Generation

via Editorial Board, Chicago Tribune When the U.S. was in recession three decades ago, middle-aged industrial workers were the biggest losers. The most recent recession and hesitant recovery, though, has hammered the young, as the government’s disappointing monthly employment report showed again last week. For many of America’s younger workers, opportunity is scarce and financial … Continue reading

America Isn’t A Corporation

via Paul Krugman, The New York Times “And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.” That’s how the fictional Gordon Gekko finished his famous “Greed is good” speech in the 1987 film “Wall Street.” In the movie, Gekko got his comeuppance. … Continue reading

Obama’s Economic Policies Faring Better In Europe

via Richard Wolf, USA Today After spending less than 36 hours in Europe last week for a G-20 summit of world economic leaders, President Obama may wish he could run on his record for re-election here rather than back home. The stalled U.S. economy, his biggest political burden, is doing just fine by today’s European standards. His actions in … Continue reading

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