US unemployment claims fall to a pandemic low of 498,000
WASHINGTON (AP) — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending. Applications declined 92,000 from a revised 590,000 a week earlier. The number of weekly jobless claims — a rough measure of the pace of layoffs — has declined significantly from a peak of 900,000 in January as employers have ramped up hiring. The pace of applications is still well above the roughly 230,000 level that prevailed before the viral outbreak tore through the economy in March of last year.
Facebook’s oversight board: Watchdog or distraction?
SAN FRANCISCO (AP) — Facebook’s oversight board, which on Wednesday upheld the company’s ban of former President Donald Trump, also had some harsh words for its corporate sponsor: Facebook. But critics aren’t convinced this decision is a triumph of accountability, and say its actions may actually distract from more fundamental issues that Facebook seems less interested in talking about. Among those concerns are Facebook’s massive power, its shadowy algorithms that can amplify hate and misinformation and its desire to avoid regulation. Facebook said the board provides scrutiny and accountability for the company and that it is no substitute for regulation.
NY: Broadband cos paid for 8.5M fake…