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Saturday, Dec 03rd

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The Glory Days of Elizabeth Warren’s CFPB Are Numbered

Warren's Consumer agency to endOn Nov. 9, Senator Elizabeth Warren paid a visit to the headquarters of the Consumer Financial Protection Bureau in Washington, the agency she helped create before she got to Congress.

The Massachusetts Democrat’s meeting with CFPB staffers had been scheduled before the election. Taking in the surprise result, Warren offered a sobering description of the uncertainties that lay ahead for the young agency with Republicans in control of both the White House and Congress, according to people familiar with her remarks. She told the staffers she would fight against any attempts to change the agency’s structure or funding, or any of the rules the regulator was working on.

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Hoax news writer says he helped elect Donald Trump because Republican’s supporters ‘never fact-check anything’

Hoax writer helped elect TrumpStill trying to figure out how Donald Trump won the election? Blame the man who makes $10,000 each month writing 100% bogus news.

Paul Horner, who owns several fake websites that publish phony stories under the guise of legitimate news brands, said he made up stories about Trump in hopes of making the Republican look bad — but the move backfired.

“I think Trump is in the White House because of me,” he told the Washington Post. “Looking back, instead of hurting the campaign, I think I helped it. And that feels (bad).”

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Edward Snowden: Falling For Facebook Fake News Is A ‘Sad Indictment Of Our Democracy’

Edward SnowdenEdward Snowden is weighing in on the impact of fake news on the 2016 election.

The former National Security Agency contractor who revealed the agency was spying on U.S. citizens was interviewed Tuesday for Fusion’s Real Future Fair via video call. He discussed the influence companies like Facebook and Google can have on people, particularly in the wake of reports claiming fake news may have swayed voters in the presidential election.

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Ex-Valeant executive, ex-pharmacy CEO charged for fraud scheme

US attorney cahrges pharmacy CEo with fraudU.S. prosecutors on Thursday filed charges against a former Valeant Pharmaceuticals International Inc (VRX.TO) executive and a former CEO of mail order pharmacy Philidor Rx Services, alleging they engaged in a multimillion-dollar fraud and kickback scheme.

Federal prosecutors in Manhattan accused Gary Tanner, a former senior Valeant director, of secretly agreeing with former Philidor CEO Andrew Davenport to pay $100 million for the right to buy the specialty pharmacy, which is now defunct.

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100 people feared drowned as boat sinks off Libya

199 refugees feared drownedAbout 100 people are feared to have drowned off the coast of Libya after their smuggler abandoned them on the high seas without a motor, increasing the Mediterranean death toll this year to an unprecedented 4,700.

The toll is now over 20% higher than last year’s total of 3,771, which was the previous annual record.

A boat containing about 130 refugees sank in the early hours of Thursday morning, killing about 100 people, some of the 27 survivors told Médecins Sans Frontières (MSF), the medical charity now transporting them to Italy. Just seven bodies were recovered.

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China Tells Trump That Climate Change Is No Hoax It Invented

China to Trump: Not a hoaxTo President-elect Donald Trump’s assertion that climate change is a hoax “created by and for the Chinese,” China offers this: Wrong!

As Bloomberg reports, China’s Vice Foreign Minister Liu Zhenmin said Wednesday that it was Republican U.S. Presidents Ronald Reagan and George H.W. Bush ― not the Chinese ― who started the conversation about global warming.

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How Pro-Trump Twitter Bots Spread Fake News

Pro Trump twitter botsPresident-elect Donald Trump has credited the strength of his political movement, in part, to his immense reach on social-media platforms.

And it’s true, he does have a ton of followers on Facebook and Twitter. But not all of those followers are human. Throughout the 2016 presidential campaign, automated networks of social-media bots spread erroneous information to potential voters—often to the benefit of Trump.

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USGS: Largest oil deposit ever found in U.S. discovered in Texas

Oil found in USThe U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday.

The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil and 1.6 billion barrels of natural gas liquid.

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James Clapper, the US intelligence chief, resigns

James ClapperUS Director of National Intelligence James Clapper has submitted his letter of resignation, he has told a congressional panel.

He told the House Intelligence Committee that "it felt pretty good".

The 75-year-old top American spy had been expected to step aside, as President-elect Donald Trump prepares to appoint his own officials.  Analysts believe that he is sending a signal to the Trump administration that they must now speed up the transition.

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