Top Stories Of The Week - Ripped From The Headlines, May 24, 2024
Today, We Look Back At The Top Stories From This Week - Read, Share, & Subscribe - SherlocExposes.com
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Taking A Look Back At The Top Stories Of The Week
Ripped From The Headlines looks back at the top stories from this week.
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“World Economic Forum founder and executive chairman Klaus Schwab will be stepping back from his role running the global gathering since he founded it in 1971.
He will be stepping down as executive chairman and transitioning to a role as non-executive chairman, he said, adding the change in his role is pending approval by the Swiss government but should be finalized ahead of the WEF’s annual meeting in 2025.
Schwab has not named his successor, but said that over the last year, the group’s executive board, ‘under the leadership of President Børge Brende, has taken full executive responsibility.’ Brende is a former Norwegian conservative leader.
The Forum operates much like a family business, with Schwab’s children appointed to high-ranking positions and his wife Hilde heading the organization’s foundation and awards ceremonies in Davos.
Succession at the WEF has been the subject of fevered speculation, and a Politico article floating possible names roiled the gathering in 2023.
The Forum has also been navigating a difficult political landscape, and has steered back toward the center in recent years after embracing progressive directions in culture and finance.
The WEF, though a nonprofit, is a remarkable business: The organization brought in nearly $500 million in revenue in the year ending March 2023, and had a neat 200 million Swiss francs sitting in cash, Semafor reported last year.
THINGS TO PONDER:
We’re wondering out loud how fast the real plans that the WEF has in mind will accelerate now that Dr. Evil is trying to step down…
Also, note that he needs the permission of the Swiss government to change his role…
This, combined with $500 million in revenue, makes you wonder about what in the hades is actually going on with the World Economic Forum…
Or, maybe it’s just what we’ve been saying:
It’s a totalitarian elitist organization that is designed to set and execute narratives that the masses of humanity will follow… ultimately leading to their demise.
PS: Here’s a snapshot of the guy who’s taken over the day-to-day drifting:
Meet the new boss, same as the old boss.
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“Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
There were 625 commercial real estate foreclosures in March - up 6 percent on the month prior and 117 percent from the same time in 2023, according to latest figures from real estate data provider ATTOM.
Some areas are facing a bigger crisis than others - with 187 properties facing a foreclosure filing in California last month, which was the highest of any state. Although this was an 8 percent dip from the previous month, it was a huge 405 percent jump from last year.
Small and regional banks are the biggest source of credit for the commercial real estate market, holding about 80 percent of the sector's outstanding debt.
Around $929 billion in commercial real estate loans is due to mature this year, according to the Mortgage Bankers Association, raising concerns this trouble spot could trigger a banking crisis.
Economists last month found 40 percent of office loans on bank balance sheets were underwater - owing more than the property is worth.
Smaller regional banks who loaned the money to buy them could themselves be at risk if the loans default as they are not big enough to handle the losses.
THINGS TO PONDER:
The chickens eventually have to come home to roost…
And it looks like they are starting to arrive.
This video will help you to understand how severe the problem really is:
Watch it… your future depends on it.
Click Here to read the full article.
“Automated fast food restaurant CaliExpress by Flippy, in Pasadena, Calif., opened in January to considerable hype due to its robot burger makers, but the restaurant launched with another, less heralded innovation: the ability to pay for your meal with your face.
CaliExpress uses a payment system from facial ID tech company PopID. To activate it, users register with a selfie. Then they can opt to be recognized and then PopID’s facial verification confirms the transaction.
It’s not the only fast-food chain to employ the technology. In January, Steak ’N Shake, a fast-casual restaurant in the Midwest, started installing facial recognition kiosks in its 300 locations for patron check-in. The chain says that using PopID takes two to three seconds compared with a check-in with a QR code or mobile app, which can take up to 20 seconds.
‘Our focus on biometrics as a secure way to verify identity, replacing the password with the person, is at the heart of our efforts in this area,’ said Dennis Gamiello, executive vice president of identity products and innovation at Mastercard. He added that based on positive feedback from the pilot and its research, the checkout technology will come to more new markets later this year.
As stores implement biometric technology for a variety of purposes, from payments to broader anti-theft systems, consumer blowback, and lawsuits, are rising. In March, an Illinois woman sued retailer Target for allegedly illegally collecting and storing her and other customers’ biometric data via facial recognition technology without their consent. Amazon and T-Mobile are also facing legal actions related to biometric technology.”
THINGS TO PONDER:
Regular readers of Ripped From The Headlines knew this was coming for a long, long time…
In the April 23, 2024 edition of the newsletter, we covered a story about an AI that could predict political orientations from your face:
“Researchers are warning that facial recognition technologies are ‘more threatening than previously thought’ and pose ‘serious challenges to privacy’ after a study found that artificial intelligence can be successful in predicting a person’s political orientation based on images of expressionless faces.
‘I think that people don’t realize how much they expose by simply putting a picture out there,’ said Kosinski, an associate professor of organizational behavior at Stanford University’s Graduate School of Business.”
Keeping that in mind, capturing your face to “speed up transactions” is going to give companies a level of insight on you that you really don’t want… even if it seems to be “for convenience.”
To better understand how this is currently being used on you, and how much more intrusive it will become in your everyday life, watch this video… your future depends on it.
Know Your Foe.
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