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Jangalmahal disappoints TMC despite slew of devp work

first_imgKolkata: BJP has made steady inroads in the Jangalmahal areas, despite a host of development works carried out by the Mamata Banerjee government in the state.After coming to power, the Trinamool-led government had pulled the people out of poverty in the districts of Bankura, Purulia and Jhargram which were earlier plagued by Maoist menace. Banerjee’s government had ironed out the issue through the introduction of various development schemes. A major infrastructure reform was taken up in the Jangalmahal areas and roads were constructed in the villages. Banerjee’s brainchild ‘Khadyasathi’ project had also brought a massive change in the socio-economic lives of the people in the region. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataPeople who had once witnessed the ‘Red terror’ are now getting rice and other food grains at Rs 2 per kg, while the ‘Sabuj Sathi’ and ‘Kanyshree’ projects of the government has benefitted thousands of young girls from various schools. However, despite all the aforementioned schemes run by the government, the people of Jangalmahal have disappointed Trinamool Congress, setting up BJP for victory in Bankura, Bishnupur and Purulia constituencies. The official announcement in this regard of the Election Commission may come late on Thursday night. Also Read – Lightning kills 8, injures 16 in stateTrinamool Congress heavyweight Subrata Mukherjee who was contesting from Bankura, is on the verge of losing the election. Soumitra Khan, who shifted his allegiance to BJP from the ruling party, is set to win from Bishnupur on BJP’s ticket. It may also be mentioned that Chief Minister Banerjee, who is also the Trinamool Congress supremo, had visited each district of Jangalmahal and held administrative meetings to review the development projects. Unfortunately, the overall development of the people in the area seemed to have little impact on the election results, as the BJP leaders have set a different political narrative to woo voters in the region. BJP’s Subhas Sarkar is set to defeat Trinamool’s Subrata Mukherjee by over 1,72,000 votes from Bankura, while in Bishnupur, Soumitra Khan is on the verge of winning with 6,57,019 votes with his nearest rival Shyamal Santra of Trinamool at 5,78,972. BJP’s Jyotirmay Singh Mahato is set to win with 6,64,671 votes over Trinamool’s Mriganka Mahato, who has received 4,61,732 votes. In Jhargram, Kunar Hembram of BJP is leading with 6,22,739 votes, while Trinamool Congress candidate Birbaha Saren has received 6,13,073. All the seats are awaiting an official announcement from the Election Commission.last_img read more

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August 29 1997 Pumping concrete four wall sectio

first_imgAugust 29, 1997Pumping concrete: four wall sections in the East Crescent Heat Duct Tunnel totalling 20 cubic yards.last_img

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By Marin Katusa Casey Research

first_imgBy Marin Katusa, Casey Research Malaysia’s state-owned oil and gas company just made a multibillion-dollar bet that Canada will choose to export its shale gas riches. Even though the odds of securing permission to export liquefied natural gas (LNG) from the Canadian west coast are still pretty poor, the costs of such an endeavor immense, and the timeline in question very long, Petronas is putting $5.5 billion on the table – far more than it has ever spent on an acquisition before – to secure a large foothold in the British Columbia shale gas scene. It’s yet another sign that things are getting serious in the global race for resources. The race for resources drives much of our thinking within the Casey Research energy group. It’s more than a common theme – we believe that it is one of the strongest forces at work in our world today, and that it plays a role in determining the tone of many international relationships and domestic policies. Countries that have resources, from Russia to Australia, are altering fiscal structures and ownership rules so as to glean as much benefit as possible from their riches, while still reserving sufficient supplies to fuel their futures. Countries that lack natural-resource wealth, such as Japan and South Korea, are racing to lock up projects and partnerships abroad that can supply their future resource needs. And a race it is, because they are not alone. There are few countries in this world with natural supplies of all the energy commodities they need – Australia, Russia, and Canada are among the few that do – and everyone else has to constantly wheel and deal to secure imports. Now the easy deposits of many energy resources are disappearing, but global demand continues to rise. The result: stiffer competition. Petronas’ deal is a perfect example. Petronas is buying Calgary-based Progress Energy Resources (T.PRQ) for C$4.8 billion in cash. Including convertible debt the deal is valued at about C$5.5 billion. In announcing the deal, Petronas also said it has chosen Prince Rupert, BC, as the home of its planned LNG export terminal. So the company is spending billions of dollars to acquire 1.9 trillion cubic feet of proven and probable gas reserves… but there is no guarantee that they will be able to export any of that gas in the foreseeable future. Pipelines have become a highly contentious issue in North America – just as US citizens are embroiled in a debate over the Keystone XL pipeline which would transport oil sands crude south, Canadians are arguing the merits and liabilities of the Northern Gateway pipeline, which would move oil sands crude to the west coast for transport to Asia. One of the big arguments against Northern Gateway is the danger of sending tanker traffic through the coastal waters of northern BC, where an oil spill would be near impossible to clean and would irreparably damage a pristine ecosystem. The same arguments will surface with natural gas. The LNG terminal that Petronas envisions in Prince Rupert would send loaded tankers through those same sensitive waters, an idea that is far from accepted in the region at this point. The pipelines ferrying natural gas to that terminal would cross mountainous terrain burdened with heavy winter snowpack and dramatic summer melts that regularly cause hillsides to slide and rivers to swell their banks and take out bridges – all points that opponents will use to argue that the potential risks outweigh the benefits. In short: Petronas and its peers face a steep, uphill battle in their quest to permit pipelines and LNG terminals on the west coast. But as we wrote last week, the potential for big profits will also play a role. Remember, natural gas in its gaseous state is a landlocked commodity. Its low energy-to-volume ratio renders it uneconomic to ship, which means pipelines are the only option. To move natural gas over oceans it has to be condensed into LNG, increasing the energy-to-volume ratio dramatically and making it economic to load onto tankers and send around the world. Many major global economies rely on LNG to meet their natural gas needs; and demand is on the rise. In 2011, global LNG trade grew by 9.4% compared to 2010, with Asia generating most of the demand increase. Japan is the world’s top LNG importer, having bought 79.1 million tonnes in 2011; South Korea is in second place with imports near 36 million tonnes. India, China, and Taiwan are all also major LNG buyers, helping to lift Asia into top spot as a regional LNG import market: Asian LNG buyers accounted for 63.6% of the global market in 2011. That level of demand from a part of the world fairly short on supply means high prices. LNG in Asia is currently worth between $17 and $18 per million British Thermal Units (MMBtu) – six to seven times the price of natural gas in North America. That price difference is precisely why Petronas is maneuvering to buy reserves in North America. The gamble is simply worth its while – if Petronas is able to build pipelines and an LNG terminal on the west coast, the company will be able to take a commodity worth a few dollars here and sell it for many times more in Asia. The lure of that payout has drawn many players to this expensive, drawn out, and highly uncertain game. With this deal, Petronas joins a growing list of international energy companies including PetroChina, Mitsubishi, and CNOOC that are spending billions on remote natural gas plays in Alberta and BC, all of which share the same dream of selling the gas in Asian markets. While these Asian energy giants take on the risk, Canadian gas explorers pretty much get to just enjoy the benefits. Depressed North American gas prices have brought most gas explorers to a standstill – investors and banks alike are not interested in funding projects where the cost of production is almost the same as the value of the product. But being bought out or finding a partner with deep pockets is a perfect solution. As Progress’ CEO said, “Our asset base requires extensive capital to develop its large potential and ultimately access international LNG markets. Petronas offers the size and scale that will enable our company to continue to grow and not be limited by the same cash flow challenges faced by many producers in the North American natural gas market today.” Since Canada’s gas explorers are stuck in neutral, you might think that Asian energy firms would be making minimal offers, trying to acquire these resources on the cheap. Instead, Petronas offered C$22.45 a share for Progress, 77% more than Progress’ closing price the previous day. Are they trying to earn goodwill with Canadians? Perhaps, but there’s a more likely explanation for their generosity: pressure from behind. If they made a stink bid and Progress voiced displeasure, the dispute could draw attention from Petronas’ peers, which are also on the lookout for good natural gas deals. One of these peers might then swoop in and make a better offer, leaving Petronas empty-handed. This is the impact of the race for resources. These Asian energy giants are racing with each other to secure resources for the future. The constant pressure to stay ahead in the race means companies will offer whatever it takes to secure a deal quickly, before anyone else trips up their efforts. Shale gas riches have positioned North Americans as beneficiaries in the global race to secure natural gas supplies. However, complacency is a dangerous thing. Just because North America has gas doesn’t mean it has all of the energy resources it needs for the future. President Obama’s recent executive order on Russian uranium was a reminder that the US relies on imports to feed its nuclear reactors, and with the Megatons deal coming to an end, the United States is being thrust into the global race for uranium just as that race is heating up. Scarcity is a powerful force and it leaves those in control of limited resources wielding great power. We think a scarcity of uranium will increase Russia’s power; control over some of the last big, easy oil deposits has earned Saudi Arabia great global influence. Petronas’ deal with Progress is a sign that shale gas could generate similar prowess for North America, and is a strong reminder that the global race for resources will provide some with money and power while leaving others in the dust. North American energy resources don’t guarantee the US a comfortable position in the gas and oil sectors. Pipeline politics and eager Asian bidders may leave the United States literally out in the cold.last_img read more

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Are annuities the greatest thing since sliced brea

first_imgAre annuities the greatest thing since sliced bread? Well, no, but they do make sense for some investors as part of their portfolio. However, we have to shop wisely and not allow sales agents to push us into the wrong products just to fatten their own wallets. Unfortunately, that makes some folks shy away from something that could help them make their money really last a lifetime… or longer. After we published both a Money Forever premium issue on annuities and a special report (The Annuity Guide) last November, our team received an outpouring of emails, some sharing happy stories and others with sad tales; but most folks were just thankful for our objectivity and eager for more information. So I decided to go back to Stan the Annuity Man, who helped us with the issue, for more input. We have no financial arrangement with Stan; he is just a really smart guy with years of experience in the industry, but I guess his name probably gives that away. We appreciate Stan taking the time to make sure we all understand annuities and how to shop smart. Take it away, Stan… Use Portion Control With AnnuitiesBy Stan the Annuity Man Assuming that an annuity is appropriate for you (more on that in a bit), the first question you should ask yourself is: How much should I allocate to any one, specific annuity? A word of advice: “how much” is not a question you want to ask an agent, because most live in a fantasy world of “one size fits all” and “let’s put it all in the annuity.” Common sense would tell you that, like every other investment, annuities should only be a portion of your portfolio. As Dennis has mentioned before, if it sounds too good to be true, it is. Annuities are no exception to this rule, and you should own or consider owning an annuity for its contractual guarantees only. Do not let an agent show you hypothetical or projected returns and try to sell you a dream. I created an easy to remember acronym – “PILL” – that tells you if an annuity might be right for you. In my world, if you don’t need to find solutions for the issues below, then you probably don’t need an annuity.P is for principal protectionI is for income for lifeL is for legacyL is for long-term care Notice that growth is not one of the issues an annuity addresses. Even though 75% of all annuities sold annually (over $200 billion worth) are high-fee variable annuities, I am a firm believer that annuities are not growth products. Indexed or hybrid annuities offer such limited growth that it’s comical. Load variable annuities offer limited investment choices in most cases, with an average annual fee of over 3%. No load, no fee variable annuities are growing in popularity because of tax-deferred growth, but you have to be able to properly manage the funds yourself… or hire someone to do it for you.“P” Is for Principal Protection The majority of annuities I recommend address the risk of outliving your money. No one wants to outlive their money, and annuities are the only product that will pay you regardless of how long you live. Most people I talk to think that if you die early, the insurance company will keep the balance. That is not true, and it is not how you should structure a policy. I always recommend the contract pay for life and leave 100% of any unused money to your listed beneficiaries. With this lifetime income plan, you have no money at risk, and you are literally making a bet with the insurance carrier that you will live longer than they project you will. If you live to 125, the carrier will have to pay you. If you die early in the contract, all of the money will go to your family, and the insurance company doesn’t keep a penny. It’s really that simple.“I” Is for Income for Life I can give the insurance company the premium, and it will pay me for the rest of my life. Should I die before my monthly payments have exceeded the premium, the balance is returned to my beneficiaries. As Dennis mentioned in The Annuity Guide, in the worst-case scenario you end up lending your money to the insurance company interest-free for the period over which you collect payments. That is the tradeoff for knowing you have income for the rest of your life. There are two ways to use annuities for lifetime income: You either need income now or income later. Income now is only solved with a single premium immediate annuity. Don’t let an agent try to convince you otherwise by recommending a variable annuity or indexed annuity, because they are factually and mathematically incorrect and only thinking about the commission. Immediate annuities provide the highest contractual payout of all annuities, and can be set up jointly with your spouse. You also can add an annual cost-of-living percentage increase to the policy as well, even though this decreases the initial payout. If your family has a history of longevity, this contractual cost of living increase might be worth considering. Immediate annuities used within your IRA can provide a lifetime income stream while offsetting your required minimum distributions (RMDs). When used outside of an IRA, an immediate annuity will provide tax advantages because a portion of your income stream will be excluded from taxes. Single premium immediate annuities have no annual fees and pay the lowest commission to the agent. That combination translates into “good for the client.” If you need income later, there are two strategies to consider: longevity annuities; and income riders that are attached to deferred annuities. Longevity annuities are actually deferred immediate annuities with an enhanced payout at the time you declare the income to start. Longevity annuities can be structured exactly like an immediate annuity as described in the paragraphs above. Income riders provide the same type of income later, but with a little more flexibility. This attached benefit provides a guaranteed percentage of growth during the deferral years that you can use for lifetime income down the road. The key point to remember with an income rider is that you can only use it for income, and you cannot access the money and that high percentage of growth in a lump sum. Agents tend to blur the line with this fact in the hope that you will believe you are receiving yield that just isn’t there. These strategies for income now and income later – in conjunction with your other sources of income – should solve your basic overhead and expense problems. I call this “stacking income.” Along with Social Security payments, pension payments (if you are so lucky), dividends, rental income, and/or RMDs, etc., annuities can help fill in the gap right now or down the road. For example, if your monthly expenses are $7,000 and your current income can only cover $5,000, then you can make up the $2,000 difference for the rest of your life with a single premium immediate annuity. Or you could project rising costs in the future and allocate money to a longevity annuity and have the income start at a specific date down the road. Because these strategies for income now and income later are contractual, you can plan to the penny how much your lifetime income stream will be. Because interest rates are at historically low levels, you do have to factor this in to any current allocation decision involving annuities. Just like you probably have done with bonds or CDs, consider laddering your annuities – what I call “lifetime income laddering.” For example, if you wanted to allocate $500,000 to a lifetime income strategy, it might make sense to buy an immediate annuity in $100,000 increments over a five-year time period. Even if rates don’t move, the contractually guaranteed payouts will be higher each year because you will be older and your life expectancy will be shorter. If interest rates rise as you age, you will get even more bang for your buck and a higher payout.“L” Is for Legacy, and Long-Term Care The “transfer of risk” aspect of annuities works the same if you’re planning for long-term care or to leave legacy gifts to your beneficiaries. Long-term care annuities should only be used as a supplement to – not a replacement for – traditional long-term care policies. Legacy annuities provide protection of principal while guaranteeing an annual growth (5-6%) that can be left to your listed beneficiaries. Remember that annuities should always solve specific problems. There are a few important questions you need to ask when considering annuities as part of your portfolio: How much risk am I willing to shoulder myself? How much risk do I want to transfer? What specific problem am I trying to solve? Lifetime income? Legacy giving? Long-term care? What is the specific dollar amount that I want contractually guaranteed? When I worked with Dennis’ team on the November issue of Miller’s Money Forever and The Annuity Guide, we put together great tools for smart annuity shopping. A prudent buyer will always read the fine print, do the math, and understand exactly what he’s buying before he signs on the dotted line. A good agent will help you run the numbers and understand the exact costs of what you are buying. Don’t let any agent push you into a buying something you don’t understand. I am a strong believer that an investor is better off with no annuity than with one not specifically tailored to his needs. As Dennis mentioned earlier, annuities are not the greatest thing since sliced bread, so to speak. They are, however, pure transfer-of-risk contracts. Adding the right annuity to your portfolio can be a good step toward achieving your retirement goals. Annuities, when allocated properly, can be just that simple. —- Hi folks, it’s Dennis here again. If you’d like to check out the November issue of Miller’s Money Forever– which focuses on annuities – and The Annuity Guide, but you are not already a subscriber, I urge you to take advantage of our 90-day trial subscription. This no-risk offer gives you access to the current issue of Money Forever, our archives, special reports, and my book, Retirement Reboot. If you decide it’s not what you’re looking for, just call or email within 90 days and receive 100% of your money back, no questions asked. We aim to earn our keep by passing along actionable ideas that pay for your subscription many times over.On the Lighter Side While certainly not a light note, our hearts and prayers go out to everyone in Boston. There are certain parts of the world where attacks of terror are constant. I cannot imagine having to look over your shoulder in fear day in and day out. Let’s hope that is not in store for our nation. A friend recently commented that he also fears overreaction by the government trying to do “the right thing.” I have undergone extensive security checks at football and baseball games, and I don’t believe that is what America is all about. Now for something a bit lighter: my beloved Chicago Cubs are off to a terrible start. It isn’t the fact that they are losing, it is how they are losing that is so frustrating. Too many unnecessary mistakes cost them several games early in the season. There is an old saying, “You never win the pennant in April, but you can lose it in April.” Teams can dig themselves into a hole, and it becomes very difficult to overcome. The new owner promised that they would win the World Series if the city of Chicago would only allow them to run their business without interference. I have met the owner, Tom Ricketts, on several occasions, and he is truly committed to winning. At 73 years old, I just wish they would hurry up and get on with the job. And finally… Our dear friend Toots is always good for some humor. She sent me some funny questions: Is it good if a vacuum really sucks? Why do we say something is out of whack? What is a whack? Why do tugboats push barges? Why are they called “stands” when they are made for sitting? Why is phonics not spelled the way it sounds? Why do you press harder on the buttons of a remote control when you know the batteries are dead? And my personal favorite: Why do we sing “Take me out to the ball game” when we are already there? Until next week…last_img read more

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Recommended Link

first_imgRecommended Link It wants to make its cities more livable.But let’s be clear about something. China isn’t trying to kill its auto industry. Instead, it wants to jumpstart its electric vehicle (EV) market.EVs run on electricity instead of gasoline. They burn cleaner than vehicles with internal combustion engines. That’s why China’s government desperately wants to get traditional vehicles off its roads… The global electric vehicle market is already booming… By Justin Spittler, editor, Casey Daily DispatchChina just made history.Two weeks ago, the Chinese government said it wants to ban the production and sale of vehicles powered by fossil fuels.It didn’t say when this ban will go into effect. But experts think it could happen as soon as 2040.That’s a long way away. You might be wondering why you should even care about this now.Simple. A lot of money is going to be made between now and then.Tomorrow, I’ll show you one of the best ways to profit from this historic decision. But you should first understand why China’s doing this. — Pollution is so bad that people put on respirators before they go outside. Not only that, the local government shut down schools, factories, and airports back in December because the smog was so suffocating.This isn’t just a major problem in Beijing, either. It’s a problem all over China. Thanks to this explosive growth, China now accounts for 40% of global EV sales.It’s the world’s largest EV market by far. And yet, EVs make up just 1.4% of the total Chinese auto market.In the Netherlands, EVs make up 5% of the market. In Norway, they’re 24% of the market.In other words, China’s EV market is going to get bigger… a lot bigger. Opportunities like this don’t come around often… — It’s helped pay for hundreds of thousands of charging stations. It’s offered generous subsidies to people who buy EVs. Soon, it will require at least 8% of all cars built in China to be electric.So far, these policies have been working.Last year, China sold 507,000 electric vehicles and hybrids. That’s 53% more than it sold in 2015.Meanwhile, sales of “pure” electric vehicles in China jumped 65%. That’s 10 times faster than China’s economy grew last year. Recommended Link China’s been trying to stimulate its EV market… China has a nasty pollution problem… It’s happening all over the world.The British government also plans to ban sales of diesel and gasoline-fueled cars by 2040. France has a similar deadline. Norway and the Netherlands have been even more aggressive about getting gas-guzzling vehicles off their roads.Major car companies have also jumped on board the EV revolution.Take Volvo. It aims to launch 10 more EV models by the end of next year. By 2025, it aims to have 30 EV models.Jaguar is going electric, too. Soon, it will have an “electrified” option for all its models.The British carmaker isn’t doing this to be trendy. It’s doing this because EVs, according to its CEO, are “the future.”But that doesn’t mean you should wait to bet on this megatrend. How Marijuana Can Save Your Retirement Five years ago these investments were illegal. Today marijuana companies like these could fund your retirement. But we’re in the early stages. The market is about to explode. The catalyst will be this new law… Making recreational pot legal in the whole country. It’s the biggest event in the history of pot. And you have a rare opportunity to get in on the ground floor BEFORE the law gets passed. Click here for more information. Welcome to the “Everything Bubble” We’re in the midst of a historic series of bubbles… a stock market bubble, a bond market bubble, and a student loan bubble. Doug refers to this as the “Everything Bubble.” And when it pops, he believes it will create perhaps one of the greatest speculative opportunities of all time for investors who take action right now. For the full details, click here. Investors are starting to realize this. That’s why Tesla (TSLA) is up 77% since the start of 2015.That’s an enormous gain for such a short period. But it shouldn’t come as a surprise.After all, Tesla’s the largest U.S. electric carmaker. It’s one of the most obvious ways to play the EV revolution. But that doesn’t make it the best.Tomorrow, I’ll show you an even better way to profit from this unstoppable trend. As you’ll see, this opportunity is less risky AND has far more upside than buying a high-flying stock like Tesla.Regards,Justin SpittlerDenver, ColoradoSeptember 18, 2017 Reader MailbagToday, one reader writes in to praise Doug’s new novel Drug Lord. If you missed our special preview, you can catch up here and here.Thanks for the preview of Drug Lord, but I wanted to say I just finished the book yesterday and thought it was excellent. Just like Speculator, it was hard to put the book down until finished.I look forward to Assassin coming out as soon as you can get it finished. I foresee a movie deal in your future. Would be interesting to see who you cast as Charles Knight! Thanks for the entertainment.–EddieWe want to hear from you.If you have a question or comment, please send it to [email protected] We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. The EV revolution isn’t just happening in China, either… Last year, the industry grew 35%. That’s 11 times faster than the global economy grew in 2016.And it’s just getting started…You see, EVs still make up just 0.2% of the global auto market.By 2020, Bloomberg says they’ll make up 2% of the global market. That means the industry’s set to grow tenfold over the next few years.By 2030, EVs will account for 24% of the global market. By 2040, they’ll account for 54% of the market. By then, the International Energy Agency says there could be more than 600 million EVs on the roads.China’s Ministry of Industry and Information Technology also recently said that the next 10 years will be “critical” for the EV industry. Just look at this picture of Beijing, China’s capital and third-biggest city.You can barely make out the buildings in this photograph.last_img read more

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Facebook suspends 200 apps over data misuse Update

© 2018 AFP Researcher in Facebook data scandal apologizes Facebook said Monday it has suspended “around 200″ apps on its platform as part of an investigation into misuse of private user data. Explore further Facebook has suspended 200 apps as part of an investigation into misuse of personal data on the social network The investigation was launched after revelations that political consulting firm Cambridge Analytica hijacked data on some 87 million Facebook users as it worked on Donald Trump’s 2016 campaign.”The investigation process is in full swing,” said an online statement from Facebook product partnerships vice president Ime Archibong.”We have large teams of internal and external experts working hard to investigate these apps as quickly as possible. To date thousands of apps have been investigated and around 200 have been suspended—pending a thorough investigation into whether they did in fact misuse any data.”Archibong added that “where we find evidence that these or other apps did misuse data, we will ban them and notify people via this website.”The revelations over Cambridge Analytica have prompted investigations on both sides of the Atlantic and led Facebook to tighten its policies on how personal data is shared and accessed.Facebook made a policy change in 2014 limiting access to user data but noted that some applications still had data obtained prior to the revision.”There is a lot more work to be done to find all the apps that may have misused people’s Facebook data—and it will take time,” Archibong said.Facebook chief executive Mark Zuckerberg spent most of the past month on the fallout from revelations about Cambridge Analytica’s data hijacking, seeking to assuage fears that the California-based internet colossus can safeguard privacy while making money by targeting ads based on what people share about themselves.Efforts to rebuild trust in Facebook include a review of all applications that had access to large amounts of user data.The 200 applications Facebook said it suspended included one called myPersonality that collected psychological information shared by millions of members of the social network who voluntarily took “psychometric” tests.”We suspended the myPersonality app almost a month ago because we believe that it may have violated Facebook’s policies,” Archibong said Monday in response to an AFP inquiry.”We are currently investigating the app, and if myPersonality refuses to cooperate or fails our audit, we will ban it.”About 40 percent of the people who took the tests also opted to share Facebook profile data, resulting in a large science research database, the University of Cambridge psychometrics center said of the project on its website.Security and encryption at the website used to share data with registered academic collaborators was meager and easily bypassed, according to a report Monday in British magazine New Scientist. Citation: Facebook suspends 200 apps over data misuse (Update) (2018, May 14) retrieved 18 July 2019 from https://phys.org/news/2018-05-facebook-apps-misuse.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

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