Reconsidering Privacy Risks After Roe

admin June 30, 2022

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Reexamination of privacy risks after Roe

In the post-Roe era, when abortion can be illegal in many of the countries, many women spend a day with digital receipts, menstrual tracking apps, or large and small tech companies.

Data landscape and privacy protection have changed Since the 1973 Roe v. Wade decision.. “It’s almost impossible to be truly anonymous in modern American life,” Shira Ovid wrote in the Times’ on-tech newsletter. The endless desire for data at companies like Google, Facebook, and Verizon, along with hundreds of companies you’ve probably never heard of, has created a state where privacy doesn’t really exist.

Menstruation tracking app is a concern, Report on Kashmir Hill of the Times. They can serve as a digital diary for sexual activity, contraceptive methods, and attempts at conception. Some women use the app when trying to get pregnant, some women use it to avoid pregnancy, and some women only use it to know when their next period will come.

However, other information can be even more problematic. Cynthia Conticook, a Ford Foundation civil rights lawyer and technical fellow who investigated charges of pesticides or endangering the fetus, said text messages and search history are the most common digital evidence in such cases. It states that it is a form.

“We need to start with the kind of data that is already in use to criminalize people,” says Conti-Cook. “A text to your sister,’Abusive, I’m pregnant.’ Access to an abortion drug search history or a website with information about abortion.”

Payment data can be another risk, Times Lonely Bar and Thalassie Gel Bernard Report. Card issuers and banks know what to do about terrorism and money laundering. Whether banks have to hand over information about abortions and the like to law enforcement agencies is a new area. Article 4 of the Constitutional Amendment provides people with protection against government invasion. However, when individuals voluntarily share information with third parties, these protections are weakened, legal experts said. That is, law enforcement authorities can usually ask financial institutions to pass customer data in a simple subpoena.

“Whatever your view of abortion, this is the moment we look back on the hungry turmoil of America’s free data-gathering economy,” Ovide writes. The implications of surveillance capitalism have become much more complicated.

What’s happening

The revised personal consumption data shows a slowdown. Inflation-adjusted spending increased by only 0.5% in the first quarter after rising 0.6% in the last quarter of last year as a sign that a key pillar of the U.S. economy may be cracked. It was. The government previously estimated the first quarter figure to be 0.8%.

Ben & Jerry’s opposes Unilever’s sale of its Israeli business. Ice cream makers announced last year that they would stop selling in the Israeli-occupied West Bank. Its parent company, Unilever, said yesterday that it had sold its Israeli business to a local partner who continues to sell on the West Bank. Ben & Jerry’s, who still has an independent board of directors, “we continue to believe that it is inconsistent with Ben & Jerry’s values for ice cream sold in the occupied Palestinian territory.” Said.

UBS will settle SEC fraudulent claims for $ 25 million. Without admitting the institution’s findings regarding Complex options trading strategy The bank, called YES, will pay $ 17.4 million in civil penalties to affected investors and an additional $ 7.6 million in arbitration-related payments. The SEC said advisors and investors are not well equipped to understand the risks of the strategy.

OPEC is likely to restore oil production to pre-pandemic levels. The cartel will end its two-day meeting today and promise to increase oil production by nearly 650,000 barrels per day. That level will be in line with what the members were producing before the significant reductions in early 2020. This decision precedes President Biden’s planned trip to Saudi Arabia next month.

Publisher McMillan is suffering from a cyberattack. Bookstores they I can’t order The Wall Street Journal reported that it is one of the largest publishers in the United States. The company is working to restore the system, stating that “a recent security incident involving the encryption of certain files on the network”.

C sweet polarization

As people look for like-minded colleagues, management is becoming more politically polarized. New research paper shows — And shareholders may suffer from it.

“Before writing this paper, we are very cautious because at the top level of major financial decision makers, everyone tends to believe that people set aside personal stuff. The lead author of the paper said Vyacheslav Fos, Telled DealBook. However, research shows that rising political tensions are devastating.

Republican share among executives registered for party affiliation rose to 75 percent in 2016From 63% in 2008. By 2020, it had receded to about 68 percent, probably due to heightened concerns about the Trump administration, according to Foss, an associate professor at Boston University.

This seems to be the first time I’ve seen a voter registration for an executive team. Fos and his co-author, Elizabeth Kemp When Margarita TsuutsuraAn associate professor at the University of Chicago and Cornell University, has scrutinized the voter registration records of corporate executives in the 2008-2020 S & P 1500 Index. Previous research focused on political contributions. party. Registration data reveals a private position that may reflect deeper held beliefs.

Researchers evaluated the effects of polarization Looking at companies with both unusually high losses and executive turnover, we found that when politically inconsistent executives left, their stock prices worsened.

Overthrow of Roe v. Wade could accelerate trends Research has revealed, Foss believes. As political and legal disparities between states grow, people and businesses may move to places where opinions are shared and the law is welcomed. As a result, the team’s partisanship may increase.

SEC again shatters crypto dreams

The SEC yesterday rejected an application to create an exchange-traded fund that would allow investors to bet on Bitcoin through the stock market. It was rejected despite a campaign by digital asset management company Grayscale. Market celebrities Generated over 11,000 comment letters.

“Spot” ETFs investing in Bitcoin have long been the goal of the crypto industry. The SEC had already rejected some attempts by the Winklebos brothers. Since 2013, Grayscale has operated the Bitcoin Trust, which allows investors to trade stocks in their cryptocurrencies.But trust There are restrictions — Like no high fees and redemption mechanisms — and traded at a discounted price rather than the Bitcoin price. By converting that trust into ETFs, Grayscale claims to “unleash billions of dollars of investor capital while bringing the world’s largest Bitcoin fund further into US regulatory sphere.”

However, the SEC ruled that the company did not make that claim.Partly because of that suggestion Did not meet the criteria It needs to “prevent fraudulent and manipulative acts and practices” and “protect the interests of investors and the public.”

Grayscale immediately sued the SEC in federal court Trying to overturn the decision. The senior legal strategist, former US Chief of Attorney Donald Beriri Jr., said in a statement that regulatory agencies were acting “arbitrarily and whimsically.”

“North Korean hackers are really good. They are looking at a new realm of cryptocurrencies that are really interesting and very gray because, in fact, A, no one really understands them, B. , Because they can exploit their weaknesses. ”

— Eric Penton Vaux, Coordinator of the United Nations Expert Panel on North Korea. Uses the abbreviation for the official name of North Korea.The country brought hundreds of millions of dollars Via crypto hack..

IPO miserable six months

Rising interest rates, increased regulatory scrutiny, and the worst first half of the stock market in 50 years are squeezing the IPO market in ways that haven’t happened since the financial crisis. Initial public offerings have been at the slowest pace since 2009, according to Dealogic data, for the six months to 2022.

Revenue from the IPO plummeted 94%. So far this year, the first sale of shares in the United States has remained at $ 4.8 billion, up from $ 83 billion in the previous year. According to Renaissance Capital’s IPO Index, many IPOs on the market are disappointed. This year, the share of newly listed companies has decreased by 46%.

Other financial markets are stuck as well. Lenders are worried that rising costs of oil and other raw materials will make it harder for businesses to meet their debt. Outflows from high-yield bond funds are accelerating, and direct lenders (investment companies that lend money to companies, such as hedge funds) are demanding more stringent conditions.

Even well-known companies have to stop trading. Instacart, Discord and Reddit are one of the well-known companies Bankers say Waiting for an IPO and Bloomberg says The junk bond market is “virtually frozen” and lenders have made a commitment of approximately $ 80 billion to raise leveraged buyouts.Yesterday, Walgreens announced planned sales of UK drugstore chain boots. Was fallingIn part, the funding for the transaction has become too high.