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Fear Is Driving The Markets Into Much Lower Territory

3 years 10 months ago
During the week of January 17th through January 21st, stocks posted their worst week in two years. US markets are currently steeped in fear as investors and large money managers are repositioning their portfolios away from volatile investments in favor of far more conservative positions that are likely to do well given current market conditions. There are several major factors leading to the current state of fear in equity markets. Inflation concerns, the threat of rising interest rates by the Federal Reserve board, and even more importantly, the Ukrainian crisis are all weighing on equity markets. The bond market is almost equally as volatile as bonds do not respond well to a rising interest rate environment. The three major US stock market indexes have fallen for three weeks in a row, continuing the slide that began in early 2022. The NASDAQ has fallen for four weeks in a row and the Dow Jones Industrial Average finished its worst weekly performance in two years. The possibility o

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Alton Memorial Health Services Foundation Fund Helps Cancer Patients Like Mark Kelle

3 years 10 months ago
ALTON - Mark Kelle thought he had an abscessed tooth. He was prescribed medication, but soon started having nose bleeds and was sent home from work. Last September, Kelle ended up in the Emergency Room at Alton Memorial Hospital and had a CAT scan. That’s when he found out he didn’t have an infection - it was a cancerous tumor in his sinuses. “When they first told me, I didn’t say anything for about three minutes,” said the Wood River resident. “I stared and it took me a minute or two to process, then I asked, ‘How much time do I have?’” Kelle was connected with an Ear, Nose, and Throat specialist with Washington University Physicians. He soon had a 10-hour surgery and was hospitalized for a week. “They had to take skin grafts from my leg to rebuild the upper part of my mouth and cheek,” said Kelle. “They told me if I waited any longer to go to the ER, it would have affected my eye.” During his recovery,

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Cory & Beth's Love Story

3 years 10 months ago
Our Love Story: The Couple: Cory and Beth from Medora Date Met/Started Dating: June 3, 2021 Briefly Describe First Date: We went riding on his side by side. Shortly into our day, he got us so stuck in the mud. Took us hours to get it out. He never got upset or mad. Even when I just sat and watched, drink in hand. Name Something You Enjoy Doing Together: Riding sxs is out favorite thing to do together. Share Advice For A Happy Relationship: Always be open about yoru feelings and what’s going on.

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Billy & Paige's Love Story

3 years 10 months ago
Our Love Story: The Couple: Billy and Paige Dacus from Wood River Date Met/Started Dating: January 13, 1994 Briefly Describe First Date: We met at Granite City Bowling alley. Date Married: June 7, 2003 Name Something You Enjoy Doing Together: We do everything together! We even work together. We enjoy fast cars and working on them together. Share Advice For A Happy Relationship: Just love unconditionally and hug as often as you can. Life is too short to be mad.

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Brad & Michelle's Love Story

3 years 10 months ago
Our Love Story: The Couple: Brad and Michelle from Greenfield Date Met/Started Dating: October 18, 2006 Briefly Describe First Date: We went out riding through the country chasing deer in the fields. lol Date Married: January 12, 2008 Name Something You Enjoy Doing Together: Just spending time together watching movies or going sxs riding. Share Advice For A Happy Relationship: Always communicate with each other, treat one another with respect, and say I love you every day! Keep the love alive!

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UK Government Refreshes Its Terrible 'Online Safety Bill,' Adds Even More Content For Platforms To Police

3 years 10 months ago

The UK's internet censorship bill rebranded from "Online Harms" to "Online Safety" last spring. The name change did nothing to limit the breadth of the bill, despite supposedly shifting the focus from "harm" to "safety." Whatever the name, it's still being touted by supporters as a fix for anything anyone doesn't like about the internet.

Speech will be policed. Lots of it. Everyone from megalithic Meta to the person running a niche message board will be subject to the new rules, which shifts liability from the posters of unwanted or illegal content to the third parties hosting it.

In order to find and remove content found on the ever-lengthening list of "bad" content (which, let's highlight again, includes legal content), platforms and services will have to perform more internal policing of content. This means that, in many cases, encryption for content and communications will no longer be a viable option. To comply with the law -- one that carries potential fines of up to 10% of a company's global revenues -- providers will have to remove end-to-end encryption so they can monitor communications between users.

The UK government isn't honest enough to call for the end of encryption. But it's willing to let attrition do its dirty work for it. The anti-encryption agitating continues, despite the UK government's Information Commissioner's Office telling the rest of the government that weakening or eliminating encryption will harm more children than it saves.

The bill marches forward, gathering even more speech-harming detritus. As CNBC reports, another round of UK government inquiries has resulted in the proposed law being made even worse.

The government said Friday that the bill will now include extra-priority provisions outlawing content that features revenge porn, drug and weapons dealing, suicide promotion and people smuggling, among other offences.

It will also target individuals who send online abuse and threats, with criminal sentences ranging up to five years.

Stuff that was already on the ban list has been given greater priority, aligning self-harm and drug dealing with the big baddies of "terroristic content" and child sexual abuse material. Online threats and "abuse" will get stiffer legal penalties.

But that's not all: there's more to add to the UK government's list of content it would like to treat as criminal acts.

The government said it is considering further recommendations, including specific offences such as sending unsolicited sexual images and trolling epilepsy sufferers, tackling paid-for scam advertising, and bringing forward criminal liability for senior company executives at the tech firms.

Every addition adds to the list of content that platforms and services must proactively monitor and remove. The addition of criminal liability for tech execs may seem like a crowd pleasing Guillotine 2.0, but in reality, it just means jailing people because their companies failed to achieve the impossible tasks the UK government has asked of them.

A lot of what's being added won't be easily detected by AI or human moderators -- certainly not proactively. Context matters but proactive monitoring means context will be ignored. The difference between revenge porn and regular porn isn't immediately and obviously clear. Pictures of guns or drugs are not necessarily promotional. And there are going to be some people in desperate need of help getting caught in the friction between talking about suicide and "suicide promotion."

It all sounds good when it's still on paper and reads like a blueprint for a trouble-free online existence. But it falls apart the moment you start asking questions about how this can be implemented without massively altering the contours of free speech in the UK and generating an incredible amount of collateral damage that may, in many cases, negatively affect the same vulnerable people the government believes this bill will protect.

Tim Cushing

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3 years 10 months ago

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