Missoulian: Stocks little changed
on Ukraine, Yellen speech
Chair
Janet L. Yellen. At the Federal Reserve Bank of Kansas City Economic Symposium,
Jackson Hole
“In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.1 More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in May of this year finally exceeding the previous peak in January 2008. Job gains in 2014 have averaged 230,000 a month, up from the 190,000 a month pace during the preceding two years. The unemployment rate, at 6.2 percent in July, has declined nearly 4 percentage points from its late 2009 peak. Over the past year, the unemployment rate has fallen considerably, and at a surprisingly rapid pace. These developments are encouraging, but it speaks to the depth of the damage that, five years after the end of the recession, the labor market has yet to fully recover. ”
“In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.1 More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in May of this year finally exceeding the previous peak in January 2008. Job gains in 2014 have averaged 230,000 a month, up from the 190,000 a month pace during the preceding two years. The unemployment rate, at 6.2 percent in July, has declined nearly 4 percentage points from its late 2009 peak. Over the past year, the unemployment rate has fallen considerably, and at a surprisingly rapid pace. These developments are encouraging, but it speaks to the depth of the damage that, five years after the end of the recession, the labor market has yet to fully recover. ”
Missoulian: Fitbit
to stop selling data without consent
SCHUMER REVEALS: WITHOUT THEIR KNOWLEDGE, FITBIT BRACELETS & SMARTPHONE APPS ARE TRACKING USER’S MOVEMENTS AND HEALTH DATA THAT COULD BE SOLD TO THIRD PARTIES; CALLS FOR FTC TO REQUIRE MANDATORY “OPT-OUT” OPPORTUNITY BEFORE ANY PERSONAL DATA CAN BE SOLD
SCHUMER REVEALS: WITHOUT THEIR KNOWLEDGE, FITBIT BRACELETS & SMARTPHONE APPS ARE TRACKING USER’S MOVEMENTS AND HEALTH DATA THAT COULD BE SOLD TO THIRD PARTIES; CALLS FOR FTC TO REQUIRE MANDATORY “OPT-OUT” OPPORTUNITY BEFORE ANY PERSONAL DATA CAN BE SOLD
“U.S. Senator
Charles E. Schumer revealed today that personal health and fitness data – so
rich that an individual can be identified by their gait – is being gathered and
stored by fitness bracelets like ‘FitBit’ and others like it, and can
potentially be sold to third parties, like employers, insurance providers and
other companies, without the users’ knowledge or consent. Schumer said that
this creates a privacy nightmare, given that these fitness trackers gather
highly personal information on steps per day, sleep patterns, calories burned,
and GPS locations. Users often input private health information like blood
pressure, weight and more. The data is then uploaded for analysis and feedback
for the user. There are currently no federal protections to prevent those
developers from then selling that data to a third party without the wearer’s
consent.”
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