Author: Reporter

Financial watchdog warns of vulnerability to money stored in Venmo and other mobile payment apps

Customers of Venmo, PayPal, and CashApp should not store their money for the long term with these apps because their funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on June 1. The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse. The Federal Deposit Insurance Corporation insures bank accounts up to $250,000. But money stored in Venmo or CashApp or Apple Cash is not being held in a traditional...

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Health officials say Mpox is in decline but the risk remains for summertime outbreaks

The mpox health emergency has ended, but U.S. health officials are aiming to prevent a repeat of last year’s outbreaks. Mpox infections exploded early in the summer of 2022 in the wake of Pride gatherings. More than 30,000 U.S. cases were reported last year, most of them spread during sexual contact between gay and bisexual men. About 40 people died. With Pride events planned across the country in the coming weeks, health officials and event organizers say they are optimistic that this year infections will be fewer and less severe. A bigger supply of vaccine, more people with immunity...

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A National Reckoning: The story behind how Juneteenth finally became a federal holiday

Across America, Juneteenth Day is celebrated to mark the day when the last enslaved people in the United States learned they were free. For generations, Black Americans have recognized the end of one of the darkest chapters in U.S. history with joy, in the form of parades, street festivals, musical performances, or cookouts. The U.S. government was slow to embrace the occasion — it was only in 2021 that President Joe Biden signed a bill passed by Congress to set aside Juneteenth, or June 19th, as a federal holiday. And just as many people learn what Juneteenth is all...

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Surgeon General issues warning over profound risk of harm to children from exposure to social media

The U.S. surgeon general is calling for tech companies and lawmakers to take “immediate action” to protect kids’ and adolescents’ mental health from a profound risk of harm by social media platforms. But after years of insufficient action by both social media platforms and policymakers, parents and young people still bear most of the burden in navigating the fast-changing, often harmful world of secretive algorithms, addictive apps and extreme and inappropriate content found on platforms such as Instagram, TikTok, and Snapchat. So what can parents and young people do now? Surgeon General Vivek Murthy has some tips. “Our children...

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Still grieving: Twitter faces backlash after purging inactive accounts of people who have died

Emily Reed lost her younger sister Jessica more than 10 years ago. For much of the last decade, she has visited Jessica’s Twitter page to help “keep her memory alive.” Twitter became one of the places where Emily processed her grief and reconnected with a sister she describes as almost like a twin. But Jessica’s account is now gone. Last week, owner Elon Musk announced Twitter would be purging accounts that have had no activity for several years. That decision has been met by an outcry from those who have lost, or who fear losing the thoughts and words...

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Meta Cash: Facebook users are encouraged to apply for their share of the $725m privacy settlement

Anyone in the U.S. who has had a Facebook account at any time since May 24, 2007, can now apply for their share of a $725 million privacy settlement that parent company Meta has agreed to pay. Meta is paying to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s 2016 presidential campaign. It is not clear how much money individual users will receive. The larger the number of people submitting valid claims, the smaller each payment will be...

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