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Robot Uses Face Scanning AI To Ask People To Wear A Mask

Robot Uses Face Scanning AI To Ask People To Wear A Mask Tyler Durden Wed, 08/05/2020 – 19:15 By Paul Joseph Watson of SummitNews With masks now becoming mandatory in many countries inside supermarkets, public buildings and transport systems, SoftBank Robotics Europe has reprogrammed its “cutesy” Pepper android to help enforce the new rules. A video demonstration shows the robot scanning people’s faces and then telling individuals not wearing a mask to put one on, while thanking those who are already wearing them. “Using an image recognition AI and Single Shot Detector, Pepper can scan the faces of up to five people at once,” reports Engadget. “On Pepper’s tablet, a green circle will appear around an image of anyone wearing a mask, and a red circle will appear around the image of anyone without a mask. Pepper can thank people for wearing masks or remind someone to put a face covering on.” The company asserts that no personal data is used or stored, although face scanning technology is widely used by both companies and governments in dictatorial states like China to enforce compliance and punish social credit score dissenters. The efficacy of masks continues to be hotly debated, with experts in both the Netherlands and Sweden saying they are pointless while others arguing that they may even help spread the disease because wearers touch them often and are more likely to ignore...

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Twitter Follows Facebook, Deletes Trump Campaign Post Over COVID-19 “Misinformation”

Twitter Follows Facebook, Deletes Trump Campaign Post Over COVID-19 “Misinformation” Tyler Durden Wed, 08/05/2020 – 18:44 Update (2052ET): Hours after Facebook nuked a clip of President Trump telling “Fox & Friends” that children are “almost immune” to COVID-19, Twitter has followed suit – reportedly locking the Trump campaign account and deleting the offending tweet, according to the Washington Post (which erroneously reported that Twitter had banned Trump’s personal account). Twitter spokesperson Liz Kelley told the Post that the tweet “is in violation of the Twitter Rules on COVID-19 misinformation. The account owner will be required to remove the Tweet before they can Tweet again.” As of this report, the tweet appears to have been removed from the @teamtrump timeline. It is unclear if the account can post once again. *  *  * Just when Mark Zuckerberg really looked to be making inroads with Trump and his inner circle by resisting a corporate ad boycott on the grounds that it was a misguided attempt to push more conservative voices off the world’s most popular social media platform, Facebook on Wednesday removed a post from the president’s page for containing allegedly “false and misleading” information about the coronavirus. The post that was removed contained a snipped from a Fox & Friends morning interview with Trump from earlier Wednesday where the president claimed young children are “almost immune” to the virus. “This...

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Leftists Go After Two Plus Two Equals Four

Leftists Go After Two Plus Two Equals Four Tyler Durden Wed, 08/05/2020 – 18:25 By Andrea Wilburg In George Orwell’s dystopian Nineteen Eighty-Four, the concept that two plus two equals four had extraordinary symbolic weight.  The State, as embodied in Big Brother, controlled everything that people could think or say. Part of how the rebellious Winston Smith fought back against this totalitarianism was to remind himself that, no matter what the State said, two plus two does, in fact, equal four.  To the all-powerful State, though, Smith’s belief in objective math was a threatening form of insanity.  The State therefore used a mixture of torture and cajoling to force Smith to embrace a State-sanctioned “sanity” that denied reality: “You are a slow learner, Winston.” “How can I help it? How can I help but see what is in front of my eyes? Two and two are four.” “Sometimes, Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane.” By the novel’s end, with the State’s torture having broken him, Smith readily conceded that, yes, if the State said that two plus two equals five, that would be the correct answer. Judging by a comprehensive Twitter thread, we have reached the Orwellian world of Big Brother.  This is a world in which those who represent power for the sake of...

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Daily Briefing – August 5, 2020

Daily Briefing – August 5, 2020 Tyler Durden Wed, 08/05/2020 – 18:25 Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to discuss some of the latest data coming out, revealing the health of the US economy. They go over the July ADP Nonfarm Payroll number, what the disappointing results say about where the economy stands, and why the pandemic really is something to seriously consider as a market driver. They also talk about the uptick of coronavirus cases globally, the Swedish outcome, and how the world would get closer to a new normal. They wrap up their discussion by exploring bifurcation, the divide between the real economy and the financial economy, and when that reality becomes important to markets as well as the bifurcation between the market winners and losers during the...

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Jeff Bezos Just Sold Over $3 Billion In Amazon Stock

Jeff Bezos Just Sold Over $3 Billion In Amazon Stock Tyler Durden Wed, 08/05/2020 – 18:12 In a sale which we are confident will be defended as just “selling for tax purposes” or “considering charitable giving” and certainly not “an admission that Amazon is overpriced”, Jeff Bezos took to the open market this week to dump a million shares of Amazon stock, worth just over $3 billion, company SEC filings revealed on Wednesday. Bezos sold the majority of the shares between $3,106 and $3,167, decreasing the number of shares he beneficially owns from 55,488,700 to 54,488,700. The company’s CEO of Amazon Web Services, Andrew R. Jassey, also sold 6,945 shares on August 3, 2020 at a price of $3,183, netting him about $2.2 million. The latest sales comes after Bezos dumped $1.8 billion worth of stock back between January 31 and February 3. Bloomberg calculated back in February that in the 15 years after Amazon went public, Bezos sold a fifth of the company for $2 billion. So in February he sold shares equal to roughly one-hundreth of this stake for similar proceeds. Today, he sold about two tenths of a percent of the company for 1.5x times the same proceeds. The 54.5 million shares that Bezos still owns are worth about $174 billion. Other recent transaction by Bezos include the sale of $2 billion in 2017 and $2.8 billion in 2019. Here is a look...

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3 Reasons Treasury Rates Can Still Hit 0%: Part II

3 Reasons Treasury Rates Can Still Hit 0%: Part II Tyler Durden Wed, 08/05/2020 – 17:40 By Eric Basmajian of EPB Macro Research Deflation remains a more credible risk, not inflation. The output gap suggests core inflation could sink below 0.5% in the coming years. FX hedged Treasury yields remain higher than yields at home. This will increase foreign appetite for US rates. From a longer-term secular standpoint, economic growth will fall into a new regime, sub 2%, which will weigh on bond yields. Further stimulus from the fiscal side will delay the full extent of the deflationary output gap but will not change the end result in the final analysis. As part of your balanced portfolio, long-term Treasury bonds are still a valuable holding as the path to 0% remains a probable scenario. In Part II of this three-part series, we continue to explore three main factors that will continue to push Treasury rates lower, possibly near 0% on the long-end of the curve.  In Part I, we covered the inflation vs. deflation debate and argued that deflation was the more immediate risk. First, we covered a variety of the common inflationary arguments and debunked many of the poorly formed hypotheses before highlighting the output gap as the most reliable variable for long-run inflation analysis.  Part II will cover FX-hedged Treasury yields and show that US yields are higher...

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Trump Calls For Additional, Earlier Debate With Biden; Campaign Provides List Of Moderators

Trump Calls For Additional, Earlier Debate With Biden; Campaign Provides List Of Moderators Tyler Durden Wed, 08/05/2020 – 17:20 President Trump wants to debate Joe Biden sooner than September 29, and has requested an additional debate to bring the total to four. Speaking with Fox News Wednesday morning, the president cited the fact that mail-in ballots and early voting will mean votes are cast before the first debate is held. “The one problem I have, the debate’s very late. It’s at the end of September and a lot of ballots will already be cast by that time,” Trump told “Fox & Friends,” adding “Why are they putting the first debate so late? The first debate should be before the first – at least before the first ballots go out. And they have it a month later, almost a month later. It’s ridiculous.” In the swing state of Michigan, for example, absentee ballots can be cast 45 days before the election. In Virginia, in-person early voting starts that early. And in Minnesota, in-person early voting starts on Sept. 18. The hosts of the morning program then asked the president whether he would like more debates against presumptive Democratic presidential nominee Joe Biden. He replied that what he cares more about is that at least one be made earlier. “I wouldn’t mind more,” Trump said, “what’s more important to me is...

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