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Apple sees steep increase in U.S. national security requests

“Apple said it received as many as 16,249 national security requests affecting up to 8,249 accounts during the second half of 2017” writes Midwest Communications Inc for 95kqds.com. National security requests to Alphabet Inc’s Google rose 36 percent, to almost 51,000.(Reuters) – Apple Inc on Friday issued its twice yearly transparency report on government data requests, showing another sharp increase in U.S. national security-related requests.Other tech firms also experienced a jump in national security request between the second half of 2016 and the first half of 2017. Source: 95kqds.com Share This:

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Blaming dating apps for the rise of STDs is just the latest form of sex panic

“Dating apps are the latest sex-panic bogeyman, following in the footsteps of birth control and sex-ed in decades past” writes Rachel Kraus for mashable.com. Dating apps!. All of it — birth control, sex ed, dating apps, and the next sexual digital frontier — is on us, we libidinous, human beings.Drawing a connection between dating apps and the rise of STDs is still under debate in the scientific community.And that watered down media coverage of complicated health issues compromises a holistic understanding of sex and public health. Source: mashable.com Share This:

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News Oil 

Oil prices slide as OPEC, Russia mull output increase

“Oil prices plunged on Friday as reports said OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela” writes Markets Reporter for marketwatch.com. In other energy products, gasoline RBN8, -2.07%  slumped 1.8% to $2.19 a gallon, while heating oil HON8, -1.87%  lost 1.7% to $2.22 a gallon.West Texas Intermediate crude oil for July CLN8, -2.09%  slumped $1.33, or 1.9%, to $69.38 a barrel, setting the contract on track for a 2.7% weekly slide. Source: marketwatch.com…

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Futures Markets News Oil 

Oil prices fall as Russia warns of gradual output increase

“With oil prices rising more than costs, average industry profitability has turned positive this year,” Bernstein Energy said in a note this week, adding that the 50 largest listed oil companies globally “need $47 per barrel oil prices to break even in aggregate”” writes Midwest Communications Inc for 95kqds.com. U.S. crude oil production has risen by more than a quarter in the last two years, to 10.73 million barrels per day (bpd).SINGAPORE (Reuters) – Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld…

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Jobless claims rise to 7-week high of 234,000

“Initial jobless claims rose by 11,000 to 234,000 in the week ended May 19, the government said Thursday” writes Jeffry Bartash for marketwatch.com. What happened: Raw or unadjusted jobless claims increased in several large states such as Pennsylvania, Michigan and California.Claims often increase in some states in late spring when the school year ends and bus drivers and cafeteria workers no longer have work.Big picture: Similar increases in claims have been quickly followed by declines owing to what has been the strongest labor market in decades. Source: marketwatch.com Share This:

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J Sainsbury confirms hourly pay rise for staff

“J Sainsbury PLC (SBRY.LN) on Thursday confirmed that it will increase its hourly pay rate for the majority of its employees following a consultation with its staff, but that it still intends to scrap bonuses and paid breaks” writes Maryam Cockar for marketwatch.com. Sainsbury said the hourly rate will increase to GBP9.20 an hour from GBP8.00, an investment of GBP110 million that will give 121,000 store employees an average pay rise of 9.3%.The pay increase and contractual changes of reducing 22 in-store roles to five and the removal of bonuses…

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News Oil 

Oil prices drop on potential increase in OPEC output

“The Organization of Petroleum Exporting Countries (OPEC) may decide to increase oil output to make up reduced supply from Iran and Venezuela in response to concerns from Washington over a rally in oil prices, OPEC and oil industry sources told Reuters” writes Midwest Communications Inc for 95kqds.com. The group previously agreed to curb their output by about 1.8 million barrels per day to boost oil prices and clear a supply glut.SEOUL (Reuters) – Oil prices fell on Thursday on expectations that OPEC members will step up production in the face…

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Ben Carson’s huge cut to housing aid won’t increase self-sufficiency

“Carson is right about one thing: The housing crisis is growing, and millions of the lowest-income renters are in need of housing assistance” writes Lathan Goumas The for washingtonexaminer.com. Instead, they threaten to cut individuals off from the very housing benefits and services that make it possible for them to find and maintain jobs.Housing and Urban Development Secretary Ben Carson has been inaccurately describing his proposals to cut housing benefits through rent increases, rigid work requirements, and de facto time limits for low income families.Carson’s claim that raising rents and…

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After tax cuts, more banks are profitable now than in the past two decades

“Net interest income was up 8.5% compared to a year ago, and income from sources other than interest was 7.9% higher” writes Andrea Riquier for marketwatch.com. Many analysts believe the tepid year-to-date performance for many big banks is due to investors believing there’s little firepower left for the industry since the tax cuts were passed.Meanwhile, net interest margins, which measure the difference between interest rates on long- and short-term debt, ticked up to 3.32% from 3.19% a year ago.Banks got a big boost to their bottom lines from the tax…

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The cost of waiting to buy a home

“The decision to rent or buy requires financial and emotional choices and depends on your job security, lifestyle and commitment to a neighborhood or location” reports washingtonpost.com. A preapproval for a loan is an essential first step for potential buyers to understand their price range and the complete cost of owning a home. When you buy a home, your monthly expenses often increase (as do the potential number of cash-intensive emergencies), so you may want to consider increasing your emergency reserves accordingly.” Evaluating your long-term financial plan is essential to…

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