Oil prices fall for second day on weak economic data

Oil prices were declining for a second day on Tuesday, after more signs that global economic growth is being hit by U.S.-China trade tensions, although losses were limited amid tensions in the Middle East after tanker attacks last week.
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Canada backs startup to boost data on space debris

The Canadian government’s contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space debris.


Reuters: Science News

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China Data On Tap For Friday

China is scheduled to release a raft of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are May figures for industrial production, retail sales, fixed-asset investment, unemployment and property investment.
RTT – Economic News

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Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.


Reuters: Technology News

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release May numbers for unemployment, highlighting a light day for Asia-Pacific economic activity.
RTT – Economic News

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Stock markets climb despite disappointing jobs report data

Topsy-turvy thinking is back in style on Wall Street. Bad news on Friday — that the US economy only added 75,000 jobs last month, sorely short of the 175,000 analysts expected — was hailed as good news on Wall Street, with traders betting that the lousy jobs data will boost the likelihood of looser rates…
Business | New York Post

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Germany planning to access voice assistant data to tackle crime

German authorities are working on
guidelines to allow them to access data held by voice assistants
like Amazon’s Alexa or smart fridges to help them fight
crime, a spokesman for the interior ministry said on Wednesday.


Reuters: Company News

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Flipboard reveals data breach, which left users’ details exposed

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Flipboard is the latest company to fall foul of a data breach.

The news aggregation app announced in a post that it had identified unauthorized access of some of its internal systems, which contained some Flipboard users’ account information and credentials.

For more than nine months, the unauthorized person had access to Flipboard’s systems, potentially able to obtain copies of databases which hosted users’ information. 

It’s unclear yet how many users were affected by the breach, but an investigation commissioned by the company revealed there was unauthorised access between June 2018 and April 2019. Read more…

More about Tech, Cybersecurity, Data Breach, Flipboard, and Tech


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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment numbers for April, highlighting a busy day for Asia-Pacific economic activity.
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Australia Building Approval Data Due On Friday

Australia will on Friday release March numbers for building approvals, highlighting a modest day for Asia-Pacific economic activity.
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Federal court to consider news outlet access to opioid data

A three-judge panel will hear arguments on whether federal data about how prescription opioid drugs were distributed should be made public
ABC News: Health

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Biden campaign taps data analytics company backed by former Google chairman Eric Schmidt

People close to Schmidt insist he has not participated in consulting for Biden or any 2020 Democrat that has hired the firm, Civis Analytics.
Politics

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R.I.P. Inflation: The data point the Fed watches for inflation just said there isn’t any

The Fed's preferred inflation gauge showed no change in March and remained well below the central bank's target.
Economy

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release March figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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Asian Markets Mixed After China Data

Asian stock markets are mixed on Wednesday despite the modest gains overnight on Wall Street and upbeat Chinese economic data that helped ease worries about a global economic slowdown. The National Bureau of Statistics said that China’s gross domestic product or GDP expanded 6.4 percent in the first quarter of 2019 on a yearly basis, beating forecasts for an increase of 6.3 percent.
RTT – Top Story

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Former Facebook exec: ‘Zuckerberg is sitting on more data about what people want to do online than anyone else in the world’

Alex Stamos, Facebook's former chief security officer, said Zuckerberg is sitting on a whole lot of data about people's online decision making.
Tech

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TikTok fined $5.7 million for collecting children’s data

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TikTok announced a “separate app experience” that comes with extra privacy protections for young users. Read more…

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Chinese Data Due On Thursday

China is scheduled to release a raft of data on Thursday, headlining a modest day for Asia-Pacific economic activity. On tap are February figures for fixed asset investment, industrial production, retail sales, unemployment and property investment.
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Stocks Close Firmly Positive On Upbeat Economic Data – U.S. Commentary

Stocks fluctuated late in the session but managed to remain firmly positive throughout most of the trading day on Wednesday. With the upward move, the Nasdaq and the S&P 500 ended the session at their best closing levels in five and four months, respectively.
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Work Smarter, Not Harder: How Contractors Should Capture Homeowner Data to Optimize Marketing Techniques

In 2019, the same old approach to home improvement lead generation is not going to cut it.

That’s nothing new — and yet research shows contractors do not utilize digital and online information or capabilities to further their business interests. Think about the amount of time we’re all on social media – less than one percent of home improvement contractors are using social media to reach potential clients! That’s a huge missed opportunity in today’s digital marketing environment.

Meet your 2019 key performance indicators (KPIs) and exceed them with an intentional approach. One of the easiest—and fastest—ways to assess the current state of your business is processing some data that you already have.

Data analytics measure your online presence and determine which parts of your business are currently and potentially most profitable. Online programs such as Google Analytics measure and report on the following aspects of your websites:

  • Total site visits for a given period (day, week, month, etc.)
  • Individual page visits
  • Where visitors come from geographically
  • How your site visitors came to your page — which links they used to get to you, or an online derivative of referrals

At Modernize, for example, we use the thousands of surveys homeowners submit to us to learn more about homeowner needs and challenges in the home improvement space — whether for solar, roofing, HVAC, windows, or other projects. Learn more about our most recent findings in the latest Homeowner Survey Index: Q1 2019

Repeat Successful Contractor Behaviors for Successful Outcomes

What are your best-performing channels? What types of projects led to the most repeat business? How are you using referral data to create new leads and create an ongoing funnel of new work?

These are some basic questions to get you started on finding out what works for your business and what doesn’t. Some contractors repeat past behavior without the data to back it up, relying instead on memory or top-line information — like product brand and time of project — to assess current tactics.

That’s not enough. Supplement your unique marketing strategy with an additional online presence and increased storytelling in the form of blogs and social media posts. You’re also going to need to keep track of the feedback you receive from homeowners. Within your CRM or Lead Management Tool, you should always add a lead status pick list to show where homeowners live within your sales funnel, and how the lead ended up closing out in the end. For example: Completed Project, Budget, Timing, Not a homeowner, Credit Reject, etc. By religiously updating your lead source, lead status, and close dispositions, you’ll be able to make informed marketing decisions over time, discard leads that will never convert,  and create drip campaigns for the ones that have the potential to eventually convert. The more detailed information you can capture, the more you can make intelligent business decisions about where and how to invest your outreach, marketing, and lead generation budgets.

Whether you restart an old lead generation campaign that didn’t work out in the past or amp up your social media creativity, this is the year to start taking chances for the sake of growing your company. Just don’t take silly risks, take informed ones.

Keep An Eye on the State of the Home Improvement Market

While your own data is important, new business means new data — if you want to generate leads, you know to get to know clients you haven’t worked with yet.

For example, you should know and base your tactics on the fact that between 40 and 60 percent of homeowners conduct most of their research online before taking on a home improvement project — depending on which trade is involved, from solar paneling to roofing.

The term online is a vast and broad one, and we can get more specific because Modernize data provides perspective from thousands of homeowner surveys — it’s one way we stand out in the value we can offer you.

Here are the online resources homeowners find “the most helpful” with planning their project:

  • 54%: Google
  • 17%: Home improvement websites (like Modernize)
  • 14%: Social media
  • 8%: Youtube
  • 7%: Email Newsletters

It’s this type of information that you can compare to your own past work to come up with a data-driven and intentional strategy in the year ahead. Many contractors use Modernize for assistance in devising and building just such a strategy. Find out today how Modernize can help do the same for you.

Other Lead Generation Tips to Help You Meet Your KPIs in 2019

Modernize provides a vast array of resources for contractors to achieve their objectives and learn about the homeowners they want to work with.

Take a look at our blogs, case studies, infographics, videos, and more to learn something new today. For now, here some quick hits to take away and use while you build an analytics-based strategy for the coming year.

  • 78% of prospects convert with the first party that makes contact.
  • 80% of leads do not close on the first call.
  • 40% of leads eventually convert with long-term follow-up.
  • 50% of leads only get one call.
  • Calling a prospect twice as opposed to once increases the chance of making contact by 87%.

The best days to contact a lead are, in order:

    1. Thursday
    2. Tuesday
    3. Wednesday

And the best hours to contact a lead are, in order:

    1. 4 to 5 p.m.
    2. 2 to 3 p.m.
    3. 8 to 9 a.m.
    4. 3 to 4 p.m.
    5. 9 to 10 a.m.

Whether it’s starting your online efforts from scratch or diving into your decades of experience to discern trends and help you sharpen your client base, learn more about us today and find out how we can help you.

Ready to grow your business?

The post Work Smarter, Not Harder: How Contractors Should Capture Homeowner Data to Optimize Marketing Techniques appeared first on Modernize.

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Australia Building Approval Data Due On Monday

Australia will on Monday release January figures for building approvals, highlighting a modest day for Asia-Pacific economic activity.
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As genetic data expand, researchers urge caution in how predictors of education outcomes are used

Authors of a new review article warn that as the predictive power of genes tied to learning and educational outcomes increases and access to genetic data expands, researchers, educators, and policymakers must be cautious in how they use such data, interpret related findings, and, in the not-too-distant future, apply genetics-informed student interventions.
Child Development News — ScienceDaily

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India proposes new e-commerce regulations with focus on data rules

India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localization, improved privacy safeguards and measures to combat the sale of counterfeit products.


Reuters: Technology News

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Ancestry.com Releases New Data For Those From the African Diaspora to Unearth More About Their Lineage

Genealogical website Ancestry.com, has released 94 new and updated communities so that African Americans and Afro-Caribbeans can learn more about their roots.

Communities are part of the AncestryDNA test, which lets people from the African diaspora explore their heritage and how their ancestors migrated.

One of the new communities focuses on Alabama, Georgia, and South Carolina African Americans. As per Ancestry:

“Members with this community may have ancestors that were enslaved and working on rice plantations in South Carolina and Georgia. When cotton fields came to the area in the late 1700s, many enslaved African Americans were brought to work those fields. Following the Civil War, the Great Depression, and World War II, many South Carolinians followed rail lines up North to New York and Philadelphia. This group was one of many communities that were part of the Great Migration–which was the movement of millions of African Americans during the 1900s from the South to cities in the North and West.”

Ancestry.com

Another new AncestryDNA community centers on Louisiana Creoles and African Americans. Interestingly, Ancestry’s research finds that by 1940 more than 18% of African Americans in the Bay Area were from Louisiana.

Also expanded, are Caribbean communities, with historical information for those from Haiti, Jamaica, the Bahamas, and more. Here is an interesting tidbit from Ancestry research, “Afro-Caribbeans who moved to New York sometimes had difficulty adjusting to their new homes but by 1930 about one-third of New York’s black professionals, such as lawyers and doctors, were African Caribbeans.”

The update also has visuals and a timeline showing the migration of people from the African diaspora including a visual depicting the Great Migration—a mass exodus of African Americans fleeing the racism of the South to areas in the Northern and Western United States.

The company says the new data is based on its proprietary Genetic Communities technology. “With just the results of an AncestryDNA test, we can help unlock stories of the people and places that make up our customer’s recent family histories. These new insights, provided using our unique Genetic Communities technology, can reveal the roles and unique impact our customer’s ancestors played in history,” the company stated in a press release.

Ancestry.com faced criticism last year after a black customer discovered that his enslaved ancestors were referred to as “migrants” in his DNA search results.

“When zooming in on our African lineage from nations like Benin and the Ivory Coast, Ancestry.com suggested that our ancestors had arrived in the South during the ‘migration’ of the past few hundred years,” he wrote in a petition against the company.

Andrew M. says he was “shocked and offended” to read Ancestry’s characterization of his family history. “Migration implies choice,” he explained, and “that is most certainly not what happened to my African ancestors who came here in the hull of a ship like chattel only to be sold into slavery when they arrived.”

Ancestry.com issued an apology at the time. “We apologize for the language used on our website to describe the historic movements of people from one place to another,” said Nat Natarajan, Ancestry executive vice president of Product and Technology at the time. “We understand that not all of the movements of people through history—including Africans brought as slaves to the United States—were made voluntarily. We will make changes to ensure the language on our site more accurately describes these events in history.” The company also changed the language it used in reference to enslaved people on its site.

The post Ancestry.com Releases New Data For Those From the African Diaspora to Unearth More About Their Lineage appeared first on Black Enterprise.

Lifestyle | Black Enterprise

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Equifax expects fines from US regulators over data breach

Credit reporting company Equifax said it was informed by several US regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people. The company has received legal notices from the Federal Trade Commission, Consumer Financial Protection Bureau and the New…
Business | New York Post

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Stocks Close Lower Following Disappointing Batch Of Data – U.S. Commentary

Stocks moved moderately lower during the trading session on Thursday following the release of a batch of largely disappointing U.S. economic data. Selling pressure was relatively subdued, however, limiting the downside for the major averages.
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Ahead of MWC next week, new data illustrates global smartphone slowdown

Smartphone decline

When you consider the latest global smartphone marketshare data from Gartner, which highlights a protracted industry slump in terms of handset sales, it starts to put things in perspective — Samsung, for example, deciding it needs to dramatically shake things up and give something new a try, like a foldable phone.

Gartner’s newly released data shows, among other things, that global smartphone sales was essentially flat during the recent holiday quarter — up just 0.1 percent compared to the fourth quarter of 2017, with 408.4 million units shipped.

Continue reading…

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Ahead of MWC next week, new data illustrates global smartphone slowdown originally appeared on BGR.com on Thu, 21 Feb 2019 at 17:06:58 EDT. Please see our terms for use of feeds.


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Australia Unemployment Data Due On Thursday

Australia will on Thursday release January numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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Ancestry firms have DNA on 26 million people, allowing researchers to analyze almost everyone’s data

More than 26 million people — more people than all of Australia — have shared their DNA with one of the four leading ancestry and health databases, and that has some researchers worried, according to the MIT Technology Review.
Health and Science

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment figures for December, highlighting a modest day for Asia-Pacific economic activity.
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Congo court upholds Felix Tshisekedi’s election win despite leaked data that suggests results were rigged

Opposition candidate, Martin Fayulu, immediately declared himself president and said the court’s decision was “nothing more than a constitutional coup” while calling for “peaceful protests.”
World

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Australia Home Loans Data Due On Thursday

Australia will on Thursday release November numbers for home loans and investment lending, highlighting a modest day for Asia-Pacific economic activity.
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China’s foreign direct investment into the US dropped precipitously in 2018, data show

Trade tensions, along with pressure on companies from Beijing, have caused a decline in Chinese direct investment into the United States. Still, Chinese home purchases and venture capital funding continue to grow.
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China Inflation Data Due On Thursday

China will on Thursday release December numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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Data Sheet—Fear and Loathing in Las Vegas, China Edition

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

Was it only last year that wags at the annual gadget-fest in Las Vegas joked that what CES really stands for is the “Chinese Electronics Show“? This year, Chinese companies at the sprawling event are lying low. Hong Kong’s South China Morning Post reports that the number of Chinese vendors registered to exhibit this week at CES totaled 1,211, a 20% decline from the 1,551 Chinese vendors who signed up in 2018.

Chinese companies still account for more than a quarter of the conference’s exhibitors, and are outnumbered only by firms from the United States. CES organizers said the smaller number of Chinese firms participating this year reflects a decision to allocate more space to larger vendors, not a Chinese retreat. Many of the big Chinese tech firms–including Alibaba, Baidu, DJI, JD.com, and Lenovo–increased their presence at this year’s show. Even so, in the global tech press, the general consensus is that Chinese exhibits are not only fewer in number but feel far less exuberant this year than last.

China’s subdued presence at CES has been widely ascribed to the U.S.-China trade war. Huawei Technologies, whose CEO delivered a rousing CES keynote last year, has a large booth at this year’s show. But this year, with its chief financial officer Meng Wanzhou detained in Vancouver and awaiting extradition to the U.S. on charges of financial fraud, the world’s largest telecoms manufacturer kept senior executives at home. Other notable Vegas no-shows include ZTE, which was almost tipped into bankruptcy last year by U.S. penalties for its lax compliance with export sanctions against Iran, and Xiaomi, whose stock price has plunged far below last year’s IPO.

Concerns about friction between the U.S and China cast a pall over Apple too last week as CEO Tim Cook blamed a sluggish Chinese economy and “rising trade tensions with the United States” for a sharp downward revision in the company’s first quarter profit estimate. But Cook’s assertion drew immediate criticism from analysts and customers in China who argued that Apple’s real problem is that its new phones are overpriced and haven’t kept pace with the innovations offered by domestic competitors. Many have noted that Apple has lagged Chinese rivals like Huawei, Xiaomi, Oppo, and Vivo in rolling out high-performance cameras, dual SIM card capability, and other features.

In Shanghai, meanwhile, Elon Musk defied the China gloom by breaking ground on a new, $ 5 billion Gigafactory on the outskirts of that city. Musk says Tesla expects to complete construction of the factory in summer, begin producing Model 3 vehicles for the China market by year-end, and shift to “high volume production” of as many as 500,000 vehicles per year by 2020. The factory is a huge coup for Musk. Producing vehicles in China will spare Tesla the expense of import tariffs and shipping to a crucial market; China is, by far, the world’s largest market for electric vehicles. Tesla is the first U.S. auto manufacturer to take advantage of a new change in Chinese investment rules allowing foreign carmakers to have full ownership of Chinese plants, meaning the company won’t have to share profits and technology with a local partner.

And yet, like Apple, Tesla will face stiff competition from nimble domestic players including BYD, NIO, Xpeng, and Geely. Winning in China will require every ounce of Musk’s entrepreneurial genius.

Clay Chandler
@claychandler
clay.chandler@timeinc.com

NEWSWORTHY

Lagging indicator. It’s been a tough year so far for Apple, but shed no tears for CEO Tim Cook. Thanks to the boffo performance of the company in its prior fiscal year, Cook’s pay rose 22% to almost $ 16 million. Bloomberg points out that he also got $ 121 million from vesting a portion of a 2011 10-year stock grant. Cook was out earning his keep on Tuesday, telling CNBC’s Jim Cramer that everything’s fine. “When I look at the long-term health of the company, it has never been better,” Cook said. “The product pipeline has never been better. The ecosystem has never been stronger. The services are on a tear.”

Isn’t it ironic? On the subject of tech giant CEOs, Facebook’s Mark Zuckerberg revealed his annual personal improvement goal: promoting conversations about how technology is affecting society. “Every few weeks I’ll talk with leaders, experts, and people in our community from different fields and I’ll try different formats to keep it interesting,” Zuck writes. “These will all be public, either on my Facebook or Instagram pages or on other media.”

Feed them on your dreams. The country of Finland wants to make sure it stays relevant as technology advances. So a recent initiative is aiming to teach 1% of the population, or about 55,000 people, the basics of artificial intelligence in a free course. The idea is not create more coders, but to help people in different fields realize how they could apply A.I. in their fields.

But does it have an Infinite Improbability Drive? Most of the new products unveiled at CES are for consumers, but IBM is showing off its new quantum computer dubbed The Q System One. The finicky calculator, which should be able to crunch massive amounts of data, has to be kept in a super-chilled container and encased in half-inch-thick borosilicate glass. It also looks super cool.

Please, sir, may I have some more? It was the previous CEO of Verizon who bought what was left of AOL and Yahoo and combined them into Oath. Current CEO Hans Vestberg has been slowly moving away from the bet on digital advertising. On Tuesday, ahead of a speech at CES, Vestberg told Axios that the units will “need to survive on their merits” and won’t get access to the carrier’s extensive data about its phone customers.

Pretty soon you’re gonna suffer from fistaphobia. Speaking of data the carriers collect, are you worried about marketers tracking your location via smartphone? That’s not the half of it. A reporter for Motherboard paid a “bounty hunter” a few hundred dollars for real-time location tracking of his phone with data that originated from carriers T-Mobile, AT&T, and Sprint. The data is apparently sold through legitimate data partners of the networks, who say the practice violates their terms of service.

Unskippable. As cord-cutting continues apace, Internet video service Hulu says it grew almost 50% last year to 25 million subscribers. Ad revenue hit $ 1.5 billion, though the private company is believed to operate deeply in the red.

FOOD FOR THOUGHT

A few years ago, a survey by Princeton Professor Alan Krueger and Harvard Professor Lawrence Katz made headlines with its claim that 5% of workers were in more independent and non-traditional jobs like Uber drivers and Airbnb hosts, representing the future of work. But more detailed surveys of the workforce have since revealed that the so-called gig economy is much smaller, probably less than 2% of workers. The Wall Street Journal‘s Josh Zumbrun explains how the two economists got things so wrong.

“After sifting through the new evidence,” Mr. Krueger said, “Larry Katz and I now conclude that there was a modest rise in the share of the workforce in nontraditional jobs over the last decade–probably on the order of one to 2 percentage points, instead of the five percentage point rise we originally reported.”

BEFORE YOU GO

This is an odd one and it comes courtesy of blogger Jason Kottke. Bird watcher Nicholas Lund has found an entirely new and untrammeled locale to practice his hobby: inside the video game Red Dead Redemption 2. He’s even posted a “field list” on the Audubon Society’s web site listing the almost 60 birds he saw in the game, everything from the Yellow-Billed Loon to a Great Horned Owl. “My mom always used to tell me to stop playing video games and go outside, but this is the first game that made me want to,” Lund writes.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.

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Nielsen backs up Netflix’s big ‘Bird Box’ viewer claims with seriously impressive data

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It looks like Bird Box is the massive hit that Netflix says it is.

Nielsen, which measures viewer ratings of television shows and now some streaming services, backed up Netflix’s bold claims about Bird Box‘s popularity, Variety reported Tuesday. Within the first seven days of its release on Netflix, Nielsen reports that it was watched by 26 million viewers in the U.S. alone.

Netflix reported that in that seven day span, Bird Box had been viewed by 45 million accounts around the globe. Unfortunately Nielsen only looks at U.S. data for Netflix, so we can’t fully confirm Netflix’s claim, but it doesn’t seem unreasonable given the U.S. numbers. Read more…

More about Movies, Netflix, Nielsen, Bird Box, and Entertainment


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Strong Jobs Data, Powell Comments Lead To Rally On Wall Street – U.S. Commentary

Stocks showed a substantial move to the upside over the course of the trading day on Friday, more than offsetting the sharp pullback seen in the previous session. The major averages all moved significantly higher, with the tech-heavy Nasdaq leading the way.
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The first survey of December's economic data came out on Wednesday with diminished results.
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Japan Housing Starts Data Due On Thursday

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Shutdown won’t stop key jobs report or CPI, but other data could be impacted

The partial government shutdown will have some impact on the release of market-moving economic data, though the biggest reports likely won't be affected.
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Washington, D.C. sues Facebook over Cambridge Analytica’s data use

The attorney general for Washington, D.C. said on Wednesday the nation’s capital city had sued Facebook over the scandal that broke earlier this year involving Cambridge Analytica’s use of data from the social-media giant.


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New Zealand Food Price Data Due On Thursday

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Gun deaths in US reach highest level in nearly 40 years, CDC data reveals

Nearly 40,000 people in the United States died by guns last year, marking the highest number of gun deaths in 38 years, according to a new analysis of data from the Centers for Disease Control and Prevention’s WONDER database.


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Australia Trade Data Due On Thursday

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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. 
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Japan Inflation Data Due On Thursday

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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…
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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.
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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.
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Japan Core Machine Order Data Due On Thursday

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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

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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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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.
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