Facebook’s Next Algorithm Will Help You ‘Break the Ice’ with Strangers in Real Life


Imagine you’re at your local coffee shop, browsing the Internet. You decide to login, and after doing so, you realize you have a new friend request. You don’t know the person, but the face seems familiar. Casually glancing around the coffee shop, you suddenly see the face of the user.

You have just experienced Facebook’s forthcoming algorithm, which will attempt to use patented data mining tools to use location-based resources to connect users who frequently visit the same location.

A recent patent Facebook filed describes the plurality of factors that will facilitate their new ‘ice breakingalgorithm:

The plurality of factors can include at least one of an inferred locational proximity between the first user and the second user, a frequency of inferred meetings between the first user and the second user, a duration of each of the inferred meetings between the first user and the second user, or a pattern of occurrences of inferred meetings between the first user and the second user.”

In other words, Facebook will track IP addresses and device signatures on public Wi-Fi networks in order to determine how often two different people are in the same locality and how much time they spend there.

According to the patent, Facebook’s algorithm will employ broadcast triggers that include gyroscopes, accelerometers, and motion processors to track a variety of movements occurring on the Wi-Fi network. These movements include stationary patterns, walking, running, and vehicle-riding.

Facebook describes another example of the algorithm in action:

http://theantimedia.org/facebook-next-algorithm-will-help-you-break-the-ice/

 

Central banks beat Bitcoin at own game with rival supercurrency


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The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority.

The purpose would be turned upside down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system.

“Whoever reacts too slowly to these developments is going to take it on the chin. They will lose their businesses,” said Dr George Danezis, who is working on the design at University College London.

“My advice is that companies should play very close attention to what is happening, because this will not go away,” he said.  Layers of middlemen in payments systems face a creeping threat across the nexus of commerce, stockbroking, currency trading or derivatives. Many risk extinction over time.

http://www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/

6 Independent News Sources That Sold Out to the Highest Bidder


One of the most powerful propaganda tools is still print journalism. Though most sources have migrated to digital platforms and now integrate video and social media avenues in order to stay relevant, acquisitions of news publications remain an insidious way to control mainstream narratives.

The following six examples mark the most egregious recent sell-outs in online journalism:

The Huffington Post

Arianna Huffington’s namesake media empire, The Huffington Post,originated in 2005 as a liberal news aggregating alternative to the Drudge Report. It even won a Pulitzer Prize in 2012. However, the writing was already on the wall, as one year earlier, Huffington sold HuffPo to AOL for $315 million.

The acquisition caused many to question whether major corporate influence would dramatically affect the publication. Unsurprisingly, the answer was ‘yes,’ as within a few short years the website became a pro-corporate mainstream media vessel watered down with anemic liberal platitudes. These days, HuffPo is little more than clickbait with pulse, a partisan aggregator of trending stories that rarely, if ever, questions the symbiotic nature of state and corporate messaging.

http://theantimedia.org/6-independent-news-sources-that-sold-out-to-the-highest-bidder/

 

36 Greater Manchester companies amongst London Stock Exchange’s ‘1000 Companies to Inspire Britain’ report


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The London Stock Exchange has today launched the third edition of its flagship, 1000 Companies to Inspire Britain report: an annual celebration of the fastest-growing and most dynamic SMEs in the UK.

As well as identifying 1,000 inspiring companies, including 36 from the Greater Manchester region, the publication demonstrates the continued strength of British business and the thriving entrepreneurial spirit taking hold across the country.

The report has received support from leading politicians including the Chancellor George Osborne and John Swinney, Deputy First Minister and Cabinet Secretary for Finance, Constitution and the Economy.

To mark the launch of the publication at London Stock Exchange’s headquarters in London, Sajid Javid MP Secretary of State for Business, Innovation and Skills will join 40 of the company CEOs to open trading.

Amongst those from Greater Manchester are: J Sykes & Son – family run wholesale seafood importer, started as a stall at Smithfiled, Market in 1862, Timpson – retailer specialising in shoe repairs, key cutting & engraving, as well as dry cleaning & photo processing and Innovative Technology – manufacturers of banknote validators, banknote recyclers, multi-coin hoppers and ticketing products that handle millions of transactions every day for some of the world’s leading companies.

Xavier Rolet, CEO, London Stock Exchange Group, said: “High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need.

“But ambition alone is not enough; their success must be highlighted and their growth properly supported with appropriate finance. That’s why today’s event is so important: demonstrating the strong alliance between UK Government, financial market participants, investors, entrepreneurs and companies to support these inspiring businesses.

“Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from Start-up to Stardom and create an entrepreneurship revolution.”

Aidan Towey, managing director, Innovative Technology, said: “Our company’s success is based on our proven history in the industry combined with a passion for innovation and new ways of thinking. We have been able to understand changing market trends and therefore create products that our customers need and want.

http://www.manchestereveningnews.co.uk/business/business-news/36-greater-manchester-companies-amongst-10925372

 

General Electric To Cut 6,500 Jobs In Europe In Energy Units Acquired From Alstom


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General Electric is planning to cut 6,500 jobs in Europe in the next two years in the energy units it acquired from France’s Alstom SA last November, the company said Wednesday. GE added that it will stick to its pledge to create 1,000 net new jobs in France in the next three years as part of the acquisition.

“The restructuring plan will touch several European countries and impact potentially 6,500 jobs out of 35,000,” a company spokesman told Agence France-Presse. The job cuts includes 765 in France and 1,700 in Germany, Renaud Petitjean, a GE spokesman in Paris, told Bloomberg.

http://www.ibtimes.com/general-electric-cut-6500-jobs-europe-energy-units-acquired-alstom-2262903

Hackers promise to shut down Xbox, Playstation networks on Christmas


Hackers known as the Phantom Squad announced on Twitter that they will take down the Xbox and Playstation networks for a week starting on Christmas.

The group made the announcement on Twitter, and also claimed to take down Reddit on Tuesday morning.

http://www.upi.com/Business_News/2015/12/16/Hackers-promise-to-shut-down-Xbox-Playstation-networks-on-Christmas/5821450281104/

Seattle to decide whether to let Uber, Lyft drivers unionize


Worker Classification

Seattle may soon become the first city to let drivers of ride-hailing companies such as Uber and Lyft collectively bargain over pay and working conditions, a move opposed by the companies and one seen as a test case for the changing 21st century workforce.

The city council is to vote Monday on whether to extend collective bargaining rights for drivers of taxis, for-hire transportation companies and app-based ride-hailing services that are part of the growing on-demand economy.

A national leader on workers’ rights, Seattle was among the first cities to pass laws to gradually raise the minimum wage to $15 and require most employers to provide paid sick leave.

https://au.finance.yahoo.com/news/seattle-decide-whether-let-uber-lyft-drivers-unionize-190524767.html