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Media Navel Gaze: January 30, 2012

Mark Kollar  Follow

The Week Unpeeled

Shhh! It was a big week for data privacy. First Google announced its new privacy policy, which will sync user information across all company products, including search results. Then the EU announced a proposed overhaul of its data protection law. The new rules include a "right to be forgotten" for the public, where it can demand their data be deleted if there is no “legitimate grounds” for it to be kept. Businesses would also be required to notify the public of data breaches within 24 hours “if feasible.” And, while we're on the subject, Thursday was also Data Privacy Day!

Elsewhere:

  • Twitter refined its technology so it can censor messages on a country-by-country basis, raising #fears and #outrage that Twitter's commitment to free speech may be weakening;
  • Apple recorded an i-record $13 billion in profits on $46 billion sales in its last quarter;
  • David Cameron delivered a firm rebuke to Germany at the World Economic Forum, calling on Berlin to contribute significantly more resources and guarantees to help solve the Eurozone crisis;
  • Weekend reports suggested that Facebook may file for its much-awaited IPO as early as this week, with Morgan Stanley seen as lead in a $75 billion to $100 billion deal;
  • The US economy grew at an annual rate of 2.8 percent in the fourth quarter, its fastest rate in 18 months, while the UK economy shrank more than economists forecasted, leaving Britain on the brink of another recession;
  • President Obama delivered his State of the Union address, a “populist pitch,” which was full of initiatives for the 99 percenters;
  • The Fed indicated it would likely leave rates near zero for another three years, targeting inflation at 2 percent;
  • Anne Sinclair, the wife of DSK and former TV anchor, was named new editorial director of the French version of Huffington Post; and
  • The Dow ended its early-year winning streak, closing the week down 0.5 percent for the week to 12,660.  CJP

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