Silicon Valley & Technology
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Tech Leaders, Others Launch $14M ‘News Integrity’ Nonprofit

Facebook and Mozilla are among the companies and organizations launching a $14 million fund to promote news literacy and increase trust in journalism.

 

The nonprofit, called the News Integrity Initiative, will be based at the City University of New York. It will run as an independent project of the CUNY Graduate School of Journalism. 

 

Others contributing to the fund include Craigslist founder Craig Newmark and the Ford Foundation. 

 

Recent polls show the public’s trust in the news industry at a low. 

 

False news and misinformation, often masquerading as trustworthy news and spreading on social media, has gained a lot of attention since the 2016 U.S. presidential election. Companies like Facebook are trying to address the issue. 

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Economy & business
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Japan Business Mood Brightens as Recovery Broadens

Japanese big manufacturers’ business confidence improved for a second straight quarter to hit a one-and-a-half year high in March, a closely watched central bank survey showed, a sign the benefits of an export-driven economic recovery were broadening.

Service-sector sentiment improved for the first time in six quarters and companies remained upbeat on their capital expenditure plans, the Bank of Japan’s “tankan” survey showed, offering hope the economic recovery will gather momentum in coming months.

The data, which will be among factors the BOJ will scrutinize at its next rate review on April 26-27, reinforces a dominant market view the central bank’s next policy move would be to reduce rather than expand monetary stimulus.

“The tankan showed a balanced improvement in corporate sentiment at manufacturers and service-sector firms,” said Yuichiro Nagai, an economist at Barclays Securities. “Overall, the results support the BOJ’s rosy view on the economy.”

The headline index measuring big manufacturers’ business sentiment rose to plus 12 in March from plus 10 three months ago, the tankan showed on Monday, falling slightly short of market forecasts but marking the highest reading since December 2015.

The index gauging big non-manufacturers’ sentiment improved 2 points from plus 20, rising for the first time in six quarters and hitting the highest level since March 2016, the survey showed.

Brexit, Trump cloud outlook

Big manufacturers and non-manufacturers expect business conditions to deteriorate slightly in the coming three months, as risks to global trade such as Britain’s decision to leave the European Union and U.S. President Donald Trump’s protectionist statements cloud the outlook.

Still, the survey found big firms plan to increase capital spending by 0.6 percent in the fiscal year ending in March 2018, compared with a median market forecast for a 0.1 percent drop.

“There has been talk about the risks of protectionism, but so far Japanese companies are not taking any specific steps related to this,” said Norio Miyagawa, senior economist at Mizuho Securities.

“This tankan will reinforce expectations that the BOJ is on hold for the time being. We certainly don’t see the need to ease or tighten policy,” he said.

Signs of life

Japan’s economy has shown signs of life in recent months, with exports and factory output benefiting from a recovery in global demand.

With inflation expected to accelerate later this year, a growing number of analysts now predict the BOJ’s next move would be to start scaling back its massive monetary stimulus.

The tankan’s sentiment indexes are derived by subtracting the number of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.

 

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Silicon Valley & Technology
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Using Technology, China Continues Its ‘Toilet Revolution’

Fed up with the theft of toilet paper from public bathrooms, tourist authorities in China’s capital have begun using facial recognition technology to limit how much paper a person can take.

 

The unusual move – part of a “toilet revolution” – is another step in China’s vast upgrading of public facilities.

 

Bathrooms at tourist sites, notorious for their primitive conditions and nasty odors, are a special focus of the campaign, a response to a vast expansion in domestic travel and demands for better-quality facilities from a more affluent public.

 

“Today in China, people are highly enthusiastic about tourism, and we have entered a new era of public tourism,” said Zhan Dongmei, a researcher with the China Tourism Academy. “The expectation of the public for the toilet is becoming higher.”

 

At Beijing’s 600-year-old Temple of Heaven, administrators recognized the need to stock the public bathrooms with toilet paper, a requirement for obtaining a top rating from the National Tourism Authority. But they needed a means of preventing patrons from stripping them bare for personal use – hence the introduction of new technology that dispenses just one 60-centimeter (2-foot) section of paper every nine minutes following a face scan.

 

“People take away the paper mostly because they are worried they can’t find any when they want to use it the next time. But if we can provide it in every toilet, most people will not do it anymore,” Zhan said.

 

Launched two years ago, the revolution calls for at least 34,000 new public bathrooms to be constructed in Beijing and 23,000 renovated by the end of this year. Authorities are also encouraging the installation of Western-style sit-down commodes rather than the more common squat toilets. Around 25 billion yuan ($3.6 billion) has already been spent on the program, according to the National Tourism Administration.

The ultimate target, Zhan said, “is to have a sufficient amount of toilets which are clean and odorless and free to use.”

 

At Happy Valley, the largest amusement park in Beijing, around 4 million annual visitors rely on 18 bathrooms, each of which is assigned one or two cleaners who must make their rounds every 10 minutes on busy days.

 

“People come here to have fun, but if the toilets are disgusting, how can they have a good time here?” said Vice General Manager Li Xiangyang. “It is the least we should do to offer a clean and tidy environment for tourists to enjoy both the tour of the park and the experience of using our toilets.”

 

Going a step further, the financial hub of Shanghai even opened its first gender-neutral public toilet in November in order to boost convenience and efficiency.

 

“Women are stuck waiting in longer lines for stalls than men, and it is fair for men and women to wait in line together,” Shanghai resident Zhu Jingyi said after using the facility.

 

Zhan said the toilet revolution is about 90 percent complete, but warned that it has yet to be won.

 

“We can’t accept the situation that a lot of investments have been made to build toilets and they turn out to be unsanitary and poorly managed,” he said.

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