Archive for the ‘Uncategorized’ Category
Here’s How Google Tracks You (And What You Can Do About It)
By Tyler Durden
Ever get the feeling you’re being watched?
It’s because you are – and, as Visual Capitalist's Jeff Desjardins details, for a rough proxy of this, use the browser extension Ghostery to see how many tracking scripts are watching you on a typical media site. (It doesn’t work for everything, but a large media site like Vice.com has 50+ trackers, with 40 of them focused on advertising).
Capturing this user data helps sites sell their inventory to advertisers, but a select few companies operate in this capacity at a whole different level. Google and Facebook are the best of examples of this, as nearly $0.60 of every dollar spent on digital advertising goes to them. They both have the sophistication and ubiquity to capture incredible amounts of information about you.
GOOGLE IS EVERYWHERE
Today’s infographic, which comes to us from Mylio, focuses in on Google in particular.
Courtesy of: Visual Capitalist
The search giant is massive in size, and there is a good chance you tap into Googleverse in some way:
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Global market penetration for Android is 61-81%.
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Google has a 78.8% market share for online search.
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The company generates $67.4 billion in annual ad revenue.
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Google processes two trillion searches annually.
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30-50 million websites use Google Analytics to for tracking.
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There are 700,000 apps available in the Google Play store.
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82% of videos watched online come from YouTube.
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In total, Google has at least 79 products and services.
According to Google’s documentation, it uses these services to pull out information on the “things you do”, “things you create”, and the things that make you unique.
SEE WHAT GOOGLE COLLECTS
All in all, Google tracks your activity history, location history, audio history, and device history. It also builds a profile for you for serving ads – age, gender, location, income, and other demographic data.
You can view and actually download this history by using a tool called Google Takeout.
Many people understand that their data helps support advertising revenues on websites they enjoy. Others are rightly concerned about their privacy, and how their information is used. Regardless of which category you fit in, becoming informed about how privacy on the internet works will help you craft an experience that best fits your preferences.
Source: Here’s How Google Tracks You (And What You Can Do About It)
58% of Americans Don’t Think Russian “Hacking” Changed Election … 56% Believe U.S. Should Improve Relations with Russia
Despite the evidence–free drumbeat of propaganda and hysteria, a new CNN/ORC poll finds that Americans are remaining level-headed about the Russian hacking allegations:
Majorities say that … that the outcome of the election would have been the same regardless of the information released (58% say that). Further, 56% say that despite this situation, the US ought to continue its efforts to improve relations with Russia rather than take strong economic and diplomatic steps against Russia.
It’s almost enough to restore my faith in my fellow Americans …
The End Of The Obama World Order
For the past eight years, Barack Obama has been using the power of the U.S. presidency to impose his vision of a progressive world order on the entire globe. As a result, much of the planet will greatly celebrate once the Obama era officially ends on Friday. The Obama years brought us the Arab Spring, Benghazi, ISIS, civil war in Syria, civil war in Ukraine and the Iran nuclear deal. On the home front, we have had to deal with Obamacare, “Fast and Furious”, IRS targeting of conservative groups, Solyndra, the VA scandal, NSA spying and the worst “economic recovery” since the end of World War II. And right at the end of his presidency, Barack Obama has committed the greatest betrayal of Israel in U.S. history and has brought us dangerously close to war with Russia.
So is the end of the Obama world order worth celebrating?
You better believe it is.
Of course Obama and his minions are in a great deal of distress that much of their hard work over the past eight years is about to be undone by Donald Trump. On Wednesday, Vice President Joe Biden warned the elitists gathered at the World Economic Forum in Davos that their “liberal world order” is in danger of collapsing…
Vice President Joe Biden delivered an epic final speech Wednesday to the elites at the World Economic Forum in Davos, Switzerland.
The gist of his speech was simple: At a time of “uncertainty” we must double down on the values that made Western democracies great, and not allow the “liberal world order” to be torn apart by destructive forces.
And without a doubt, we definitely want it to collapse.
During his time in the White House, Barack Obama has used the full diplomatic power of the government to promote “abortion rights”, “gay rights” and other “liberal values” to the farthest corners of the globe. Here at home, the appointment of two new Supreme Court justices under Obama paved the way for the Supreme Court decision that forced all 50 states to recognize gay marriage. During his final press conference on Wednesday, Barack Obama told the media that he was particularly proud of this…
Obama said he’s particularly proud of the “transformation” on gay rights during his presidency, which saw monumental Supreme Court decisions on gays in the military and same-sex marriage. Obama said his role was mostly to deliver “a good block downfield to help the movement advance.”
He said gay and lesbian activists deserve most of the credit, and singled out talk-show host Ellen DeGeneres, to whom he awarded the Presidential Medal of Freedom last year.
And the final press conference of his presidency also afforded Obama the opportunity to talk about UN Security Council Resolution 2334. Sadly, Obama still does not have any regrets for betraying Israel so dramatically…
“It was important for us to send a signal, a wake-up call, that this moment may be passing, and Israeli voters and Palestinians need to understand that this …read more
Source: The End Of The Obama World Order
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DOJ Ordered To Preserve Gmail Records Of Clinton-Colluding Assistant AG Peter Kadzik
By Tyler Durden
A Judicial Watch lawsuit seeking records related to potential collusion between the Justice Department and Hillary Clinton operatives during her email investigation has resulted in a federal judge issuing a rare order instructing the DOJ to preserve the Gmail records of the now infamous Assistant Attorney General Peter Kadzik. The order came from U.S. District Court Judge Emmet Sullivan, a Clinton appointee, and gave the DOJ until this morning to report back on steps taken to preserve the personal email accounts of Kadzik. Per Politico:
“Defendant shall take all necessary and reasonable steps to ensure the preservation of all agency records and potential agency records between the dates of December 1, 2014 and November 7, 2016 in any personal email account of Assistant Attorney General for Legislative Affairs Peter Kadzik. Any question about whether a record is an agency record shall be resolved in favor of it being an agency record.”
Of course, as we pointed out back in the fall, various emails provided by WikiLeaks exposed Kadzik repeatedly colluding with the Clinton campaign by providing campaign manager, and long-time friend, John Podesta with inside information on the DOJ’s investigation of Hillary’s email scandal. Moreover, proving just how close they were, in a Sept. 2008 email, Podesta emailed an Obama campaign official to recommend Kadzik for a supportive role in the campaign saying that Kadzik was a “fantastic lawyer” who “kept me out of jail”…now that’s a bond that lasts.
Of course, in response to Judge Sullivan’s order, the DOJ promptly noted that Mr. Kadzik was unable to locate any work-related emails on his Gmail account…well how convenient.
“It is the government’s understanding that Mr. Kadzik has located no agency records or potential agency records in his Gmail account and that, therefore, there are no such documents to preserve. Nevertheless, out of an abundance of caution and consistent with the preservation order that Judicial Watch seeks, the government has instructed Mr. Kadzik to preserve any potential agency records in his Gmail account, should any exist, and Mr. Kadzik has agreed to do so,” the Justice Department filing said.
And since we have no doubt that Kadzik performed a thorough, impartial scan of his Gmail account while resisting the urge to delete “inconvenient” records, we assume that he simply overlooked this email which provided a very timely “Heads up” to John Podesta regarding confidential information about DOJ hearings and FOIA requests. Simple, honest mistake, no doubt.
How long can this farce continue on before government officials are finally forced to do what private corporations have been forced to do for years, namely requiring that their employees use secured, archived email systems for official communications and impose stiff penalties for non-compliance. Seems simple enough.
<img class="imagefield imagefield-field_image_teaser" width="627" height="394" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/Kadzik.JPG?1484747647" …read more
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Source: DOJ Ordered To Preserve Gmail Records Of Clinton-Colluding Assistant AG Peter Kadzik
Kawasaki backpedals on ‘Apprentice’ comments
Kawasaki is terminating any future sponsorship of NBC’s ‘New Celebrity Apprentice’ — unless the reality show cuts ties with executive producer Donald Trump. …read more
Source: Kawasaki backpedals on ‘Apprentice’ comments
China Orders Local Weather Bureaus To Stop Issuing Smog Alerts
By Tyler Durden
Nearly three years into a “war on pollution”, in which large swathes of northern China are periodically engulfed in thick, toxic smog, with dangerous air quality readings in major cities like Beijing, Tianjin and Xian forcing many people to stay in doors and shutting down industries, causing ship traffic jams in local ports, and even adversely impacting the local economy, China has realizing that it needs to take more “innovative” measure to make sure it does not lose this particular war. Which explains why local media reported on Tuesday that China is suspending local meteorological bureaus from issuing smog alerts, raising suspicions the government is attempting to suppress information about the country’s air pollution as public anger over the issue grows.
China’s Meteorological Administration notified local bureaus Tuesday to “immediately stop issuing smog alerts”, according to a photo of a notice posted on China’s Twitter-like social media platform Weibo, AFP reports. Instead, of smog, local departments can issue alerts for “fog” when visibility is less than 10 km, according to the notice.
The notice was issued because local “meterological bureaus and the environmental protection administration often disagree when they issue smog-related information,” a representative from the China Meteorological Administration told the Chinese website The Paper. “A joint alerting mechanism will be formulated to consult how to and who should issue alerts for smog,” the representative said.
Centralizing the government’s supervision over a topic that has lead to rising popular anger over the government’s inability to takle the toxic problem, one single department will now be responsible for issuing smog alerts, The Paper reported.
Upon learing the news, online commentators who have long doubted the credibility of official data on air pollution, and any other official Chinese data for that matter, slammed the reports with stinging criticism.
“Before, they cheated us separately, and now, they are going to cheat us together,” one person said on Weibo.
“Even though they are working on a unified alert standard, they should not stop the existing alert system,” another replied.
The feud even spread to various semi-public institutions: “The meteorological administration fought the environmental protection ministry and lost,” the Nanjing Meteorological Institute said on its official Weibo account. “Thus, early warnings about smog, a kind of meteorological calamity, cannot be issued by the meteorological administration,” it said.
The Chinese government has a color-coded system of smog alerts, topping out at red when severe pollution is likely to last more than 72 hours. The notice sets off a series of emergency measures, ranging from taking cars off the road to closing heavily polluting factories.
And like with everything else in China, there is a conflict of interest that sets off the people versus some economic goal. In this case, local authorities have long hesitated to issue the notices over fears that they will harm economic performance, even when pollution levels are literally off the charts. In late 2015, China issued its first ever red alert in response to public anger over the government’s reluctance to take action …read more
Source: China Orders Local Weather Bureaus To Stop Issuing Smog Alerts
Price: It’s ‘imperative’ people can keep health coverage
Trump Health Secretary nominee Tom Price says the goal is to have more people be able to afford health care coverage. …read more
Source: Price: It’s ‘imperative’ people can keep health coverage
Over $100 Billion Redeemed From Hedge Funds In 2016 As Only 32% Outperform Their Benchmark
By Tyler Durden
Two months ago, when looking at the monthly Evestment hedge fund fund flow report, we reported that investors had redeemed a net $14.2 billion from the industry in October, the fourth consecutive month of redemptions, bringing Year-to-date HF outflows to a net $77 billion removed from the industry. The breadth of redemption pressure in October was the industry’s largest in 2016 with 61% of reporting funds estimated to have net outflow during the month. Two months later it has only gotten worse, but before we get into the details, here is a quick summary of just why, courtesy of JPMorgan.
As JPM’s equity strategist explains in a note summarizing active manager performance, 2016 was one of the most challenging years for active equity managers with only 32% of fundamental and quantitative funds outperforming their benchmarks. JPM estimates that large cap U.S. fundamental managers underperformed by a median 33 bp before fees, with Value managers outperforming (+0.77 bp vs. benchmark) and Growth managers underperforming (-79 bp vs. benchmark).
In more bad news for the buyside, JPM notes that even though (or perhaps because) the market finished up more than 9%, US equity funds saw net ~$50 billion outflows in 2016 and a record rotation from Active to Passive. Investors pulled ~$200 billion from active US equity funds. This is the single largest annual rotation out of active management. Meanwhile, passive equity funds (including ETFs) captured ~$150 billion of inflows.
- Bond funds saw $118 billion inflows in 2016 as equity funds saw $43 billion in outflows (driven by redemptions from active equity funds).
- Active equity funds lost a cumulative $198 billion in 2016 outflows as passive equity funds received $153 billion of inflows.
Meanwhile, as the chart on the left shows, gund flows highlight significant post-election rotation. The global search for yield in 2016 drove large bond fund inflows funded by equity outflows, though this trend reversed after the U.S. election. Since the election, equity funds have seen $52 billion in inflows, and bond funds $10 billion in outflows. Reflation-linked sectors saw the largest inflows while Healthcare and Discretionary experienced the largest outflows.
Still, this “rotaton” has failed to help active managers, as ETFs continue to gain market share. ETFs as a percent of US market cap grew 14% in 2016, with domestic equity ETFs currently at $1.5 trillion AUM. Within the ETF space, Smart Beta products continue to gain strong market share. Smart Beta ETFs currently represent ~$440 billion in AUM, up from ~$300 billion a year ago
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So what about just hedge funds? For the answer we go back to the latest reported by Evestment, in which we find that if the above mentioned October was bad, December was, in their own words, “a fitting end to a difficult year for the industry. While the level of outflows during the month was on par with prior years (an average of $18 billion removed over the last five Decembers) it marked the sixth month of outflows …read more
Source: Over $100 Billion Redeemed From Hedge Funds In 2016 As Only 32% Outperform Their Benchmark
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