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Mark Zuckerberg vows more action to tackle fake news on Facebook Source-thegurardian

Mark Zuckerberg has said Facebook will do more to tackle fake news while continuing to argue that the spread of hoax stories on the social network did not affect the result of the US election.
In a post on his Facebook profile late on Saturday, Zuckerberg said Facebook hoped to announce new measures to tackle fake stories “soon”.
He wrote: “Of all the content on Facebook, more than 99% of what people see is authentic. Only a very small amount is fake news and hoaxes. The hoaxes that do exist are not limited to one partisan view, or even to politics. Overall, this makes it extremely unlikely hoaxes changed the outcome of this election in one direction or the other.”
“That said, we don’t want any hoaxes on Facebook. Our goal is to show people the content they will find most meaningful, and people want accurate news. We have already launched work enabling our community to flag hoaxes and fake news, and there is more we can do here. We have made progress, and we will continue to work on this to improve further.”
Though Facebook’s fake news problem is not new, commentators and even outgoing president Barack Obama have raised concerns about its role in spreading false information during the election.
Stories such as a report just days before the election that an FBI agent investigating Hillary Clinton’s use of a private email server had killed himselfwere deliberately designed to tap into debate around the campaign’s key issues.
Because Facebook tailors the newsfeed its users see to what they and their friends have previously liked and shared, especially partisan stories aimed at supporters of either candidate in the election could spread rapidly and in some cases earn significant amount of advertising revenue for their creators.
The end of the election has not stopped the spread of false stories. The day after Trump was declared the winner, false claims that President Obama was planning to give Clinton a “blanket pardon” began circulating on the network.
Pressure was already growing on Facebook to address its powerful role in shaping the information people consume after it removed world-famous images of a girl hit by napalm during the Vietnam war, which it said breached its rules on nudity. The decision was later reversed, but not before a post of the image by the Norwegian prime minister was taken down.
Zuckerberg’s post goes further in acknowledging the problem than his comments at a conference near San Francisco last week, during which he said suggestions the election was influenced by fake news were “pretty crazy”. However, it also outlines some of the concerns Facebook says are behind its cautious approach to becoming more involved in policing content.
He wrote: “This is an area where I believe we must proceed very carefully though. Identifying the ‘truth’ is complicated. While some hoaxes can be completely debunked, a greater amount of content, including from mainstream sources, often gets the basic idea right but some details wrong or omitted.
“An even greater volume of stories express an opinion that many will disagree with and flag as incorrect even when factual. I am confident we can find ways for our community to tell us what content is most meaningful, but I believe we must be extremely cautious about becoming arbiters of truth ourselves.”

Trump slump: gold price is tumbling Mining.com

Gold dropped to a five-month low Friday as the post-Trump price surge collapsed and investors redirect funds into industrial commodities and the stock market.
Gold for delivery in December dropped to a session low of $1,223.40 an ounce in morning trading on the Comex market in New York, down over $40 an ounce or 3% from Thursday's close.
The metal touched a high of $1,338 late on Tuesday as results showed a likely Trump victory, but the rally in record volumes for the Comex market, soon evaporated.
The Financial Times reports a number of prominent hedge fund managers and billionaires running family offices have moved aggressively out of gold and into stocks following Trump's victory.
Stanley Druckenmiller, a former partner in the George Soros hedge fund, announced in an interview on CNBC he had sold all his gold holdings on the night of the election moving money into equities:
Gold, which has been used by investors as a hedge against inflation and political uncertainty, is expected to perform poorly if the US economy performs more strongly and interest rates rise.
Gold stayed on the defensive, beset by enhanced growth expectations as… investors took on the view that the pro-growth policies of a new administration were good for paper assets
The gold price has an inverse correlation to interest rates as the metal is not income producing and investors have to rely on price appreciation for returns. Higher interest rates also boosts the dollar which usually move in the opposite direction of the gold price.
Gold's performance is in stark contrast to predictions ahead of the election with many analysts seeing gold reaching $1,500 or beyond.
A Trump triumph could spark as much as a $200 an ounce jump in gold HSBC's chief precious metals analyst James Steel said ahead of the vote adding that the metal could gain at least a 8% jump whoever wins the race.
Steel commented on gold's post Trump slump at Reuters saying "gold stayed on the defensive, beset by enhanced growth expectations as… investors took on the view that the pro-growth policies of a new administration were good for paper assets."
Others believe gold could find renewed interest should Trump's fiscal policies lead to higher inflation, an environment gold would benefit from.
A research note by Goldman Sachs quoted by CNBC urges investors to buy gold as "market performance indicates a continuation and intensification of the reflation trend since the summer."
Higher inflation expectations is also cited by Tom Kendall, head of precious metal strategy at ICBC Standard Bank, as a factor that could boost the gold price further out:
Large fiscal stimulus in the form of infrastructure spending is a key part of [Trump's] vision. The suggested scale of spending will need to be financed at least in part by new debt.
Markets are concerned about the longer-run inflationary effects of increased fiscal spending and a worsening of the US Federal debt to GDP ratio.

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Scared by Trump, some migrants on Mexico border give up American dream


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Wooden crosses, in memory of migrants who died crossing to the U.S., lean on the border fence between Mexico and the U.S. in Nogales, in Sonora state, Mexico, November 10, 2016. REUTERS/David Alire Garcia
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By David Alire Garcia | NOGALES, MEXICO
Donald Trump's election victory and his plans to crack down on illegal immigration is so troubling for the groups of men gathered just south of a rusty, towering fence on the U.S.-Mexico border that some are even considering going home.
For most poor Central Americans and Mexicans at travelers' shelters in the desert town of Nogales, Trump's threats to build a wall along the whole border and deport millions of illegal immigrants have not made them abandon their harrowing journeys and hopes of a better life in the north.
But for some like Juan Alberto Lopez, the prospect of living in a country they believe will become more hostile to people like them no longer holds enough appeal to make the risky crossing across the desolate Arizona borderland.
"Now everything's changed," said the despondent Lopez, 25, as he sat staring blankly at the ground in outside one migrant center, under a cobalt sky.
Lopez hails from the southern state of Chiapas, Mexico's poorest, and lived for two years in Arizona and Utah working in construction before being deported in January. Under one of Trump's proposals, he would face a two-year federal prison sentence for returning after deportation.
He had decided to go back to the United States when Democratic candidate Hillary Clinton was projected to win the election. Now, he plans to seek work in Nogales instead, or go home.
"They're going to detain all the migrants, and if it's like that, it's better to stay here with your own people, be happy, and just endure it," he added, echoing the sentiments of a third of more than a dozen migrants interviewed by Reuters in Nogales following Trump's victory.
In running for president, Trump promised to deport millions of illegal immigrants as well as build a wall along the border to stop others entering the United States, and make Mexico pay for it.
His uncompromising stance helped drive a rush over the U.S. border as some migrants calculated it was better to cross over before the election in case Trump won. That could continue in coming months even as some like Lopez decide they no longer want to live in the United States.
During fiscal year 2016, which ended in September, the number of people detained along the U.S.-Mexico border surpassed 408,000, a 23 percent jump from last year, although it was less than in 2014, official U.S. data published last month showed.
"I really don't care about President Trump. I'm always going to cross regardless of any walls he wants," said Alexi Solano, 20, a migrant from El Salvador, whose wife and young son are already in Los Angeles.
"That doesn't matter to us. What we want is to be together with our families."
Mexico's deputy interior minister for migration, Humberto Roque Villanueva, said he expected that flow to peak in 2016 as Trump will ramp up already tough deportation policies applied by President Barack Obama.
"A certain radicalization of the North American immigration policy is coming," Roque Villanueva said.
THUGS AND SNAKES
In Nogales, a city of 230,000 dotted with factories of multinational firms like Motorola and B/E Aerospace, migrants say people smugglers typically charge $4,000 per person for a one-way ticket across the border.
As with long stretches of the 2,000-mile (3,200-km) border, a 25-foot-tall fence already exists along the international boundary here, built in 2011 and made up of thick rust-colored metal beams that follow the rocky terrain for miles to the west and east of the city.
Beyond the fence on the U.S. side, a parallel set of wooden posts are topped with cameras and sensors. In the distance, U.S. immigration vehicles slowly patrol the border.
Some 25 miles (40 km) to the east of town, the towering fence comes to an end and is replaced with a waist-high barrier that mainly serves to stop trucks plowing through the desert.
While some migrants trudge around the barricade, risking weather exposure on foot through rugged terrain menaced by drug cartel thugs and poisonous snakes, others opt to ride hidden in trucks that drive through official crossings, a route made possible, several said, by bribes.
Maria Engracia Robles, a Roman Catholic nun who runs El Comedor center for deportees and migrants within sight of the border fence in Nogales, thinks Trump's victory will likely bring more hardship and worries about the challenges that mass deportations would bring.
"More anguish, tears, laments, and lots of people in Mexico without work, without anything to do and no place to go," said Robles, whose center provides free meals, clothes and basic medical care.
Braced against the dry wind, dozens of hungry migrants line up around El Comedor's entrance for breakfast each morning. On Thursday, two men just inside the shelter could be overheard on mobile phones asking for a coyote, or human trafficker, to attempt another crossing.
"Here there is no work, and salaries are terrible," said Robles.
The U.S.-Mexico border is home to the largest per capita wage differential of any land border on the planet, with average U.S. wages about five times higher than Mexican wages.
Further south, in Central America, incomes are even lower, and crime worse, fueling a surge of migration in recent years. More Central American migrants were apprehended on the U.S. southern border than Mexicans this year.
Jose Flores, 19, a Honduran migrant who set out for the United States three months ago, ticked off the perils posed by violent gangs and dismal job prospects in his home country.
"I imagine it's going to get a lot harder to cross," he said. "But what hasn't changed is we're looking for a better life."
(This story has been refiled to fix typo in 20th paragraph)
(Additional reporting by Gabriel Stargardter; Editing by Frank Jack Daniel and Kieran Murray)

More jobs than workers: Times changing in mining sector

DEMAND for skilled labour in the mining industry is outpacing supply for the first time in three years, believes Resource Industry Network chairman Tony Caruso.
As coal prices hit a five year high, recording $US307.20 a tonne last week, mining companies are reaching for maximum output fuelling demand for METS sector contractors.
"There wouldn't be a (mining sector) business in town that isn't chasing people in the trades area," Mr Caruso said.
He said the jolt of confidence also gave mining companies "breathing space financially" allowing them to contract out maintenance work they had delayed when coal prices were low.
However Resource Industry Network director Mick Crowe said much of the work arising was part time, and renewing tickets and getting inducted back into mine sites, which could cost thousands, may act as a barrier for some.
He hoped government would consider broadening the training schemes that covered these costs for those in full-time mining sector roles to also cover part-time employees.
"It's been quiet for three years. So even if the work only goes up 10% and it's not planned, there's not spare labour," Mr Crowe said.
"While the industry is still recovering it's patchy jobs not permanent. Government could change the training schemes so it's not constrained to full time roles."
Member for Mackay Julieanne Gilbert said she would be open to talking with the Resource Industry Network and relevant state government ministers about what government could do to help.
Minister for training and skills Yvette D'Ath has also been contacted for comment.
Mr Crowe also pointed out if the high coal prices maintained, that would also lead to increased certainty for workers.
"Once you see the prices continue, that's when you'll see real confidence," he said.
A search on job site seek.com.au for the Mackay region is dominated by companies seeking skilled workers.
Labour hire company One Key is sourcing dump truck operators, BTP Parts is looking for field service mechanics and D.A.C Mining Services is looking for diesel fitters.
As the storming coal prices followed the re-opening of local mines and progression of Adani's Carmichael coal project, Mackay Regional Council mayor Greg Williamson believed the labour shortage was a symptom of improving fortunes in the mining sector.
"This shortage means we've got more jobs available than skilled trades people. I'd rather be in that position than the other way around," Cr Williamson said.
He also clocked it up as another indication confidence was looming across the breadth of Mackay's key industries, as sugar prices hit high prices and the potential of the region's tourism industry was made evident through the state government's DestinationQ forum. By  

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