Australia Trade Data Due On Thursday

Australia will on Thursday release October figures for retail sales and trade balance, highlighting a light day for Asia-Pacific economic activity.
RTT – Economic News

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New data suggests people eat too much or not enough — and its costing trillions of dollars per year

According to the newly released Global Nutrition Report, malnutrition and obesity are costly problems worldwide. 
Health and Science

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Japan Inflation Data Due On Thursday

Japan will on Thursday release October numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
RTT – Economic News

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Facebook reports steep rise in data requests from Indian government

NEW DELHI — Facebook says there was a steep rise in data requests from India’s government in the first half of this year as compared to the previous two years. The company said in a report released Friday that it received 16,580 data requests from the government in the January-June period as compared to 22,024…
Technology News & Reviews | New York Post

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release October figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.
RTT – Economic News

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Health privacy advocates worry DeepMind will break its promise not to share health data with Google

DeepMind Health says that it will be absorbed into Google Health, but it still won't be sharing patient health information with its parent company. Its critics remain concerned.
Health and Science

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China Inflation Data Due On Friday

China will on Friday release October figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. In September, consumer prices were up 2.5 percent on year and producer prices were up 3.6 percent.
RTT – Economic News

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Japan Core Machine Order Data Due On Thursday

Japan will on Thursday release September figures for core machine orders, setting the pace for a busy day in Asia-Pacific economic activity.
RTT – Economic News

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Sen. Wyden Proposed a CEO-Felling Data Privacy Law. Is Big Tech Ready for It?

Consumers who have clamored for data privacy reform since Equifax’s ransacking and, more recently, Facebook’s Cambridge Analytica debacle have cause to celebrate.

On Thursday, Senator Ron Wyden (D-Ore.), a prominent privacy hawk, unveiled a draft bill that seeks to slap harsher penalties on companies–and chief executive officers–who run afoul of new rules that expand government oversight of the tech industry. The Consumer Data Privacy Act, as the bill is tentatively named, takes its cue from Europe’s General Data Privacy Regulation, or GDPR, which can fine companies up to 4% of their global, annual revenues for infractions. But Wyden’s bill goes even further; in addition to that penalty, the proposed law would jail chief execs up to 20 years with individual fines reaching as high as $ 5 million for CEOs who knowingly mislead regulators.

If GDPR has teeth, Wyden’s proposal has fangs–set on the jugulars of corporate heads. The proposed law would require big firms–ones with revenues exceeding $ 1 billion or ones that store data on more than 50 million consumers or their devices–to submit “annual data protection reports” to the government that lay out their data-securing practices. It would force companies to comply with “do not track” policies while offering alternative payment options to consumers, such as subscription fees instead of ad-supported “free” models. And it would boost the power of the Federal Trade Commission, adding a tech-focused division with a broader mandate alongside an arsenal of stronger enforcement actions.

Lindsey Barrett, an attorney and teaching fellow at Georgetown Law’s Communications & Technology Clinic within the school’s Institute for Public Representation, commented on Twitter that the proposed legislation “injects sorely needed accountability into our equif*cked information ecosystem.” Wyden’s own statement was a little more sanitized: “It’s time for some sunshine on this shadowy network of information sharing,” he said.

But the proposed reform isn’t all sunshine and rainbows. Jake Williams, an alumnus of the National Security Agency who has since cofounded Rendition InfoSec, a cybersecurity consulting shop, said he doubts the bill will pass. “Even if it does, it won’t mean what you might think. It won’t create a SOX style environment around cyber. Sorry,” he wrote on Twitter, referring to Sarbanes-Oxley, a 2002 financial reform enacted in the wake of the Enron scandal to prevent similar accounting blowups.

The main thrust of Williams’ criticism is that the proposed law will box in cybersecurity practitioners and will subjugate and constrain an industry that is still finding its feet. The bill effectively grants corporate governance, risk, and compliance departments the right to “rule infosec,” Williams warned. If it passes into law, it will likely lead to licensing requirements within the cybersecurity industry, akin to the hoops people must jump through to become certified public accountants, he said. “Professional licensure is not good for a profession this young,” he said.

Data privacy reform is long overdue, but this bill presents questions. Is Big Tech–and its CEOs–ready to face the formalized wrath of guillotine-thirsting regulators? Does the bill unfairly target CEOs, leaving other C-Suite executives and board members off the hook? Could companies end up shoving the blame onto scapegoat CEOs of subsidiary businesses? And finally, as Williams noted, is the cybersecurity industry really ready to grow up and professionalize, accepting all the responsibility and regulatory constrictions that entails?

Be careful what you wish for.

A version of this article first appeared in Cyber Saturday, the weekend edition of Fortune’s tech newsletter Data Sheet. Sign up here.

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Australia Retail Sales Data Due On Friday

Australia will on Friday release Q3 figures for retail sales and producer prices, highlighting a modest day for Asia-Pacific economic activity.
RTT – Economic News

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The fuzzy math of October’s ‘new jobs’ data

I think the employment report Friday will be stronger than the “experts” expect. I always put the word “expert” in quotes when it comes to the jobs report because nobody is an expert. Everyone is a guess-pert. Me too. Only I think I know a secret regarding this job report, which is crucial because it…
Business | New York Post

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment data for September, highlighting a busy day for Asia-Pacific economic activity.
RTT – Economic News

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Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector.
Real Estate

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Exclusive: U.S. senators urge India to soften data localization stance

Two U.S. senators have called on Indian Prime Minister Narendra Modi to soften India’s stance on data localization, warning that measures requiring it represent “key trade barriers” between the two nations.


Reuters: Technology News

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Big Brother or Best Friend? Your Views on Data Could Snag a $5K Scholarship

No one saw it coming.

The computers shed their cords and climb into our hands, providing us with every bit of knowledge, entertainment and comfort we could ever imagine.

While we were distracted with crushing candies, filming the Harlem Shake and finding out which Harry Potter character we were, data was gathered on us.

The amount of harvested data increases by the day, and what it all means for the future — good or bad — remains unknown.

Do you have an opinion about its future impact or potential? Share your feelings about data for the chance to win a $ 5,000 scholarship toward college.

How to Enter the Data-Inspired Scholarship

Every semester, Liaison Technologies hands out a $ 5,000 scholarship to a high school senior, undergraduate or graduate student who submits a 30- to 60-second video about the role of data in the future.

The video must discuss an important aspect of data in society today or the future and include one interesting fact about you, the college you plan to attend and your major.

Upload the video and make it public on YouTube or Vimeo.

Submit the video url in an email along with your resume, your college and major to scholarship@liaison.com.

Applicants must be citizens and legal permanent residents of the U.S. or Canada, and selected colleges must be in the U.S. or Canada. However, exceptions can be made for international programs as long as they’re disclosed in the email submission.

The deadline to apply is Oct. 31, 2018 for the spring semester. The recipient will be announced Nov. 30.

Check out the past winners and scholarship details on the Liaison Scholarship Page.

Like The Penny Hoarder Life on Facebook to discover other scholarship opportunities.

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Stephanie Bolling is a staff writer at The Penny Hoarder. She’s rather mine for gems. Read her full bio here or say hi On Twitter @StephBolling.

The Penny Hoarder Promise: We provide accurate, reliable information. Here’s why you can trust us and how we make money.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.


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Google Exposed User Data, Feared Repercussions of Disclosing to Public

Google exposed the private data of hundreds of thousands of users of the Google+ social network, though it didn’t find evidence of misuse. The company opted not to disclose the issue this past spring, in part because of fears doing so would draw regulatory scrutiny.
WSJ.com: WSJD

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New YouTube tools will collect data for advertisers

YouTube is looking for a bigger piece of the advertising pie — and that means collecting more of your data. With hundreds of billions of dollars up for grabs, the Alphabet-owned video site is slated to announce Monday that it’s rolling out new tools to help advertisers better reach customers. One new feature will allow…
Technology News & Reviews | New York Post

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