In The News Today

Posted at 10:05 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

…because this is what you do when the truth becomes extreme!

Google To Appoint Staff Of 10,000 To Weed Out Extremist Content On YouTube
December 4, 2017

Google plans to increase to 10,000 the number of its staffers tasked with tracking down extremist content on YouTube.

“We will continue the growth of our teams, with the goal of bringing the total number of people across Google working to address content that might violate our policies to over 10,000 in 2018,” YouTube CEO Susan Wojcicki told Britain’s Daily Telegraph in an interview.

Wojcicki said that “bad actors” had used the video-sharing site to “mislead, manipulate, harass or even harm” others.

The announcement comes after British Prime Minister Theresa May put heavy pressure on social media companies to remove radical content after a series of deadly terror-related attacks this year in the United Kingdom.

“The tech companies have made significant progress on this issue, but we need to go further and faster to reduce the time it takes to reduce terrorist content online,” May said in a speech to the United Nations in October, according to reports.

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UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold
December 6, 2017

UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold

– Value of Sterling and increased risks place pressure on pensioners both in UK and abroad

– 500,000 British expats face ‘frozen’ pensions

– 61% of UK Direct Benefit pension schemes have more money going out than coming in

– OECD report finds ‘UK workers face the biggest retirement cliff edge in developed world’

– Combined pension deficit of FTSE 350 companies is at 70% of their profits

– One in three wealth managers are holding cash for clients in anticipation of a market crash

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The UK’s future pensioners should not rely on their state pension or they may face a huge fall in earnings, says a new report by the OECD.

Should Brits rely solely on their UK state pension then they will face the largest income drop of any OECD country. UK pensions represent on average 29% of in-work earnings, the OECD average is 63%.

The OECD explains:

‘Retirees without such additional sources of revenue [i.e. private pensions] are left with few resources; this is reflected in the poverty rate and high income inequality in the United Kingdom for the over 65s.

‘Following the sharp rise of income disparities during the 1980s in the United Kingdom, inequalities in later life will rise further as generation X approaches retirement.’

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Bill Holter’s Commentary

Isn’t this what they were after Gem. Flynn for under the Logan act? At least Mr. Flynn was part of a duly elected transition team for an incoming president. What exactly is Obama’s standing in representing the U.S. here? “Hi, I’m from the U.S. and have some cheap uranium to sell”? By law he cannot speak for me or any other American even if they wish he could…

Obama To Meet With China’s Xi During 3-Country Trip
November 29, 2017

Washington (CNN)Former President Barack Obama embarks Tuesday on an five-day trip to China, India and France, where he will meet with many of his former counterparts, including Chinese President Xi Jinping, Obama’s spokeswoman told CNN.

Obama, who will be in Shanghai to deliver remarks at the Global Alliance of SMEs Summit, will meet with Xi for the first time since September 2016, when both leaders ratified the Paris climate agreement in their respective countries.

President Donald Trump — who visited China on an official visit earlier this month — announced in June his decision to withdraw the United States from the Paris accord.

The current administration has heralded the relationship between Xi and Trump, with the President claiming to Fox Business Network’s Lou Dobbs in October that he and Xi have “the best relationship of any President-President.”

“As President, Obama forged a close and cooperative partnership with President Xi on issues ranging from growing the global economy to combating climate change, and he looks forward to catching up with his former counterpart,” Obama spokeswoman Katie Hill said.

In New Delhi, Obama will participate in an Obama Foundation Town Hall with 280 young leaders from around India and speak at HT Media Leadership Summit.

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Bill Holter’s Commentary

I don’t get it. At first they told us it was “private” and that was the allure, then it turns out to be completely transparent and every single coin (don’t you just love that phrase) can be traced back to its origin…If this is the case, what’s the problem? Track the movement and find the hacker? Oh wait, they also told us it was unhackable didn’t they? So what’s the real story?

Largest Crypto-Mining Exchange Confirms It Was Hacked, Over $50 Million In Bitcoin Stolen
December 6, 2017

As Bitcoin explodes higher on what now appears to be constant demand out of South Korea, there were unconfirmed (at least until recently) reports that Nice Hash, the largest crypto-mining marketplace, has been hacked with over 4,000 bitcoins worth over $50 million stolen.

Visits to the website over the past 13 hours were greeted with the following maintenance notice.

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A Visual Top-Down Approach To The Stock Market Part II – Garrett Jones
December 5, 2017

https://www.jsmin

Bill Holter’s Commentary

…merely correcting past fake news, nothing to see here folks.

Bloomberg Corrects Bombshell Trump Bank Records Story
December 6, 2017

Bloomberg News corrected Wednesday its bombshell report that special counsel Robert Mueller had subpoenaed Deutsche Bank records pertaining to President Donald Trump and his family.

The corrected report said the bank records “pertain to people affiliated” with Trump. Bloomberg had originally reported that Mueller “zeroed in” on Trump.

“Mueller issued a subpoena to Germany’s largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced,” Bloomberg reported Tuesday.

Trump’s attorney John Dowd denied the original Bloomberg article. “We have confirmed that the news reports that the Special Counsel had subpoenaed financial records relating to the president are false. No subpoena has been issued or received. We have confirmed this with the bank and other sources,” Dowd wrote in a statment.

Bloomberg’s correction follows a similar one from The Wall Street Journal.

“An earlier subheadline said a subpoena from special counsel Robert Mueller’s office requested data and documents about President Trump’s accounts. The subpoena concerns people or entities close to Mr. Trump,” the Journal article said.

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