Tuesday, July 21, 2020

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A handful of other groups also signed the open letter, including the Center For American Progress Action Fund, Free Press and the Sierra Club. The letter cites findings from Facebook’s recent civil rights audit that cast doubt on the board’s real power and also notes the oversight body’s delayed timeline. First announced in late 2018, the board won’t be up and running in time for the 2020 election.
Because it is ostensibly tasked with making decisions about what content should be removed from Facebook and Instagram, in theory the board could have played a role in ridding those platforms of election-related misinformation — a looming threat with November around the corner. But restrictive bylaws coupled with a focus on reviewing content takedowns rather than content left up meant the oversight effort was widely regarded as toothless from the outset.
Board aside, Facebook is making some efforts to at least disseminate useful voting information to users, a defensive posture the company feels more comfortable in compared to playing offense against potential rule breaking. Last week, the company rolled out info labels that link to vetted election information on all voting-related posts from federal elected officials, a feature that will soon expand to all voting posts in the U.S.
In early June, Accountable Tech launched a memorable Facebook ad campaign targeting the company’s employees on their own platform. The ads, which urged Facebook workers to hold the company to account, came a day after some employees staged a virtual walkout to protest a now-infamous post in which the president threatened to shoot people protesting the police killing of George Floyd.
Facebook also faced scrutiny recently for hosting Trump’s false claims about mail-in voting and those falsehoods remain live on the platform without context or correction. These instances and others are cause for concern as the stakes for social platforms during the 2020 election inch higher and higher, worries made explicit by the open letter’s authors.
“As we enter an unprecedented election season—amid a global pandemic, an inflection point for racial justice, and a crisis of truth—we cannot accept Facebook’s toxic status quo, much less a toothless Oversight Board that lends it a false air of legitimacy.”
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Asia shares rise on vaccine hopes, tech rally on Wall Street

Asian shares were mostly higher Tuesday on rising hopes for an effective vaccine to fight the coronavirus pandemic.
Scientists at Oxford University reported that their experimental coronavirus vaccine prompted a protective immune response in hundreds of people who got the shot in an early trial.
Other projects are under way. A vaccine under development by colleagues of Dr. Anthony Fauci, the nation’s top infectious diseases expert at the National Institutes of Health, and Moderna Inc., will start its final testing around July 27. The 30,000-person study is intended to prove if the shots are strong enough to protect against the coronavirus.
Japan’s benchmark Nikkei 225 gained 0.7% to finish at 22,884.22. South Korea’s Kospi jumped 1.3% to 2,227.28. Australia’s S&P/ASX 200 added 2.6% to 6,156.30. Hong Kong’s Hang Seng rose 1.8% to 25,499.26, while the Shanghai Composite was little changed, edging up less than 0.1% higher, to 3,316.28.
Shares also rose in Taiwan and most of Southeast Asia.
Asian economies have been carrying out a “new-normal” balancing act of opening economies, with people going shopping and eating out, while doing social distancing and wearing masks.
That’s had mixed results, with cases shooting up recently in Tokyo to triple-digit figures for daily newly confirmed cases. Japan had so far avoided the massive cases and deaths seen in harder hit nations like the U.S., India, Brazil and parts of Europe.
Overnight, U.S. technology and communication stocks and companies that rely on consumer spending led mixed gains on Wall Street, outweighing losses elsewhere in the market.
Amazon led the way higher in the S&P 500 with a 7.9% gain. Microsoft also helped lift the market, rising 4.3%. Noble Energy climbed 5.4% after the company agreed to be acquired by Chevron for $5 billion.
Technology and communications stocks and big e-commerce retailers like Amazon have benefited this year as the pandemic has forced people to largely stay home and rely increasingly on the internet for shopping, work and

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