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Business

Home terrorism has outdated the specter of worldwide terrorism, warns ex-NYC police commissioner

Former New York Police Commissioner Bill Bratton warned CNBC’s The News with Shepard Smith that domestic terrorism has superseded the threat of international terrorism in the United States.

“For the past 20 years our greatest concern has been international terrorism – ISIS, Al-Qaeda,” Bratton said in an interview on Friday evening. “Now it is here, and it is us, and it is the citizens of the United States, some of whom are rebelling against everything we have believed in for the past 300 to 400 years.”

Former Department of Homeland Security counterterrorism officer Nate Snyder reiterated Bratton’s views on The News with Shepard Smith.

“When you talk about the lethality of the threat, domestic terrorism – that is, violent white supremacists, neo-Nazis, sovereign citizens, militia movements – has been the deadliest threat in the last decade compared to Al Qaeda and ISIS-inspired threats,” said Snyder.

State capitals across the country are at risk of violence in the days leading up to President-elect Joe Biden’s inauguration. FBI Director Christopher Wray urged state officials to take any extremist threat seriously during an inauguration safety briefing on Friday at FEMA headquarters.

“If we discover that a person poses a violent threat, we and our partners will use every legitimate authority and method to interrupt any attempt or attack,” Wray said. “Our attitude is aggressive; It will stay that way with the initiation. “

Wray said the agency was following “extensive” online chatter, including calls for armed protests. Some internet extremists have ignored President Trump’s call for peace, citing the fact that, according to Politico, he has still not officially admitted. There are also some extremists on the Telegram instant messaging platform who, according to the Washington Post, are calling for surprise attacks across the country.

Bratton told host Shepard Smith that it was “much, much more difficult” to fight domestic terrorism and that the US lacks the “tools to fight domestic terrorism” as it does in fighting international terrorism is. Snyder criticized the detrimental impact of the Trump administration’s policies on weakening the country’s ability to counter threats posed by neo-Nazis, white supremacists, and sovereign citizens.

“Unfortunately, during this administration, there has been a systematic atrophy of these efforts, not just from my previous office, but also from analysts in the department’s intelligence and analysis department who would focus primarily on tracking these threats,” said Snyder.

The National Park Service has closed the National Mall due to widespread safety concerns. The Army confirmed Friday that up to 25,000 National Guard troops will be in DC to ensure safety for Biden’s inauguration. That’s roughly five times the number of troops the US currently has in Iraq and Afghanistan.

Bratton said there should be more transparency when it comes to law enforcement providing information to U.S. citizens to keep them informed and keep them safe.

“I hope that after January 20th we will return to a situation where we can become more transparent and open and where American law enforcement can be where they need to be, on these podiums rather than with you speak some of us, ex-law enforcement officers, “Bratton said.

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Politics

Trump’s ‘Legislation and Order’: One Extra Misleading Tactic Is Uncovered

“The attack on the Capitol was the result of years of erosion of the line between fact and fiction and right and wrong,” said Rory Cooper, a Republican strategist. Mr. Cooper argued that there is now an opening for a “conservative candidate” to finally decouple appeals to law and order from the selective enforcement of the Trump era, “but we are a long way from that time.”

Other Republicans insist that no reason has been lost on this issue – that the party is likely to have the upper hand in the eyes of voters. “I think Republicans have the benefit of law and order right now and still do, regardless of what happened at the Capitol,” said Chris Russell, a longtime Republican advisor and advertiser.

And should the Democrats “hold on to a message that defeats the police,” added Russell – although Mr Biden denounced it – Republican candidates are likely to continue to succeed in calling their party more committed to public safety and making it stronger to support law enforcement.

All of this is in line with how some Republican lawmakers streamlined the attack on the Capitol. They insist that the sea of ​​protesters and rioters was not the result of months of indulgence for the president’s lie that the election was stolen, did not reflect the core of the party, in fact did not reflect the party at all. Republican officials across the country have falsely claimed the deaths and damage were caused by Antifa.

Hogan Gidley, a spokesman for the president, argued that Mr Trump’s message of love did not include those who stormed the Capitol. “The President didn’t talk about these people. It was clearly the people who were there to peacefully gather and protest peacefully, ”said Mr Gidley, although Mr Trump had not specified that fact. “Because we believe in protecting not only the concept of law and order, but also the courageous men and women who introduce law and order.”

However, if law and order imply a commitment to equal security and justice, not even Mr Trump’s own staff seem certain that his supporters will adhere to it in the final days of his presidency.

And so the Law and Order Presidency ends as follows: Hundreds of National Guards who are posted behind a ten foot fence with barbed wire and protect the Capitol not from the people Mr. Trump demonized during his presidency, but from those who which he didn’t do.

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Entertainment

Kamala Harris AKA Sorority Founder’s Day Throwback Photographs

Before Kamala Harris was elected Vice President of the United States, she was a student at Howard University in Washington DC. During her senior year in 1986, Kamala Alpha promised Kappa Alpha (AKA), one of the oldest historically black sororities in the country. On Jan. 15, Harris, who remains a dedicated alum, shared an Instagram post in honor of the Sisterhood’s 113th Annual Founding Day and took some time to remember her college years. “Howard is home for me,” Kamala captioned the post. “This is where I held my first race for the elected office. There I joined my beloved sisterhood Alpha Kappa Alpha – and I am very happy to celebrate our 113th founding day today!”

“You must remember: you are never alone.”

The AKA is a member of the Divine Nine, an organization made up of nine historically black sororities and brotherhoods that want to promote community, solidarity and progress. Kamala’s classmates include Maya Angelou, Toni Morrison, Rosa Parks, Alicia Keys, Ava DuVernay, Coretta Scott King, Ella Fitzgerald, and Phylicia Rashad. “The sororities and brotherhoods that make up the Divine Nine are based on the principle of learning and the principle of faith, which strengthens our responsibility to serve all humanity,” she said at the Virtual Nine rally on October 29, 2020 .

Not only was the elected vice president part of such an influential organization, but she was grateful for the opportunity to explore a variety of subjects – from politics to poetry – while studying while still having time to “hang out” with friends. “For me, that meant going to the National Mall to protest apartheid in South Africa, becoming president of a business club and joining the debate team,” she said, reminding us that it was her before she became a famous one She uses her time to fight for the rights of minorities and the needy.

Looking back on her college years and AKA membership, Kamala had a message of hope to share with those who wanted to follow in her footsteps. “Along the way, Howard taught me that although you will often find that you are the only one in the room who looks like you or who has had the experiences you have had, you must remember: you are never alone.” She wrote. “Your entire bison family will be with you in this room, cheering you on as you speak and speak. We are with you every step of the way.”

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World News

Indonesia Earthquake Kills Dozens and Injures Lots of

A 6.2 magnitude earthquake struck the west coast of the Indonesian island of Sulawesi early Friday, killing at least 46 people, destroying homes, flattening a hospital and triggering landslides.

Rescuers looked for people trapped in the rubble. More than 600 people are said to have been injured in the quake inland between the coastal cities of Mamuju and Majene. No tsunami warning was issued.

“I’m afraid to say how many deaths there are,” said Ardiansyah, a West Sulawesi province emergency officer who, like many Indonesians, uses a name. “We’re evacuating and we’re still building shelters. Many people are buried under the ruins. “

The National Disaster Mitigation Agency announced on Saturday that at least 46 people were killed in the quake. Most of the deaths occurred in Mamuju, the larger of the two coastal cities.

Disaster officials said they expected the number of deaths and injuries from Friday’s earthquake to increase as they received information from cut off areas. At least one bridge was destroyed, roads damaged and communications restricted. The provincial governor’s office in Mamuju was also damaged.

A video released by the Indonesian Civil Protection Agency shows a girl, identified only as an angel, trapped in the ruins of her family’s home. Only her face is visible through a gap in the rubble. At least three others were trapped in the house with her, officials said.

In the video, she tells the rescue workers that she can hear the voice of another girl who is trapped nearby and cannot move.

A rescuer asks, “Is she still breathing?”

Angel replies, “Still. But it is difficult.”

In Mamuju, Mitra Hospital collapsed in the quake. Officials said at least five nurses and patients were trapped inside. Mamuju Government Hospital was also badly damaged, officials said. It was unclear whether anyone had been killed in any of the hospitals.

The flight control tower at Mamuju Commercial Airport was damaged by the quake, and flight control tasks were taken over from the air traffic control office in Makassar, south of Mamuju.

Authorities warned the public to avoid buildings because of the possibility of another major earthquake. Thousands of people sought refuge in emergency shelters.

Six tremors, magnitude 2.9 and greater, were recorded in the 12 hours prior to the great quake at 2:28 a.m. local time. Nine aftershocks were recorded in the hours that followed.

Indonesia lies on the so-called Ring of Fire, a line of seismic and volcanic activity that orbits much of the Pacific Ocean and is very prone to earthquakes and tsunamis. In 2018, hundreds more died in an earthquake on the island of Lombok and hundreds more in the islands of Java and Sumatra in a quake and tsunami caused by the eruption of the Anak Krakatau volcano.

Muktita Suhartono contributed to the coverage.

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Business

A Second Financial Disaster for Biden, however a Totally different First Response

Mr Biden has stressed that such aid will increase consumer spending, but he and his team are committed to redistributing the money in a more humane way: avoiding as many Americans as possible, in order to avoid the scar damage from homelessness, hunger and the virus itself to avoid .

The Biden team and its allies are confident that if successful, the economy will be prepared for a rapid recovery. Other policymakers and forecasters, including Federal Reserve chairman Jerome H. Powell, have predicted a rapid recovery once the virus is under control.

“The recovery from the great recession has been delayed for years because we have not acted to the extent of the problem,” said Heidi Shierholz, a former chief economist at the labor ministry who now works at the Liberal Economic Policy Institute. “This is a great break from past mistakes.”

The Biden Plan is not the exact plan many economists, including liberals like Mr. Furman, would have chosen. The direct controls that proved to be a successful political message in the Georgia runoff elections and put the Democrats in control of the Senate will reach millions of Americans who have not lost income during the pandemic and are most likely to put the money in savings.

And its price tag, along with the inclusion of provisions that Conservatives have long struggled against, such as raising the federal minimum wage to $ 15 an hour, means the package is unlikely to find much Republican support. Lawmakers are already warning that it is overspending and excessive on top of the $ 900 billion and $ 2.2 trillion packages passed in December and March.

Some conservative economists say the package is spending far more than is necessary to fill what is known as the “output gap,” which is essentially the value of the loss of performance in the economy due to the recession. They begin to warn that pouring too much fuel into the economy can lead to runaway inflation – the same argument that many made in 2009 that has been proven wrong.

“A package this size is not advisable,” said Michael R. Strain, an economist at the conservative American Enterprise Institute. “It would fill the output gap many times over.”

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Health

New Covid variant first present in UK might develop into dominant pressure in U.S. by March, CDC says

The director of the Center for Disease Control and Prevention, Dr. Robert Redfield, holds up a CDC document that reads “COVID-19 Vaccination Program Interim Playbook for Jurisdiction Operations” while speaking during a Senate Subcommittee on Appropriations hearing on Capitol Hill Washington, United States, Sept. 16, 2020 .

Andrew Harnik | Reuters

A more contagious strain of the coronavirus, first found in the UK late last year, could become the dominant strain in the United States by March as the nation seeks to vaccinate people against the disease, according to a new study by the Centers for Disease Control fights contraception.

“The modeled trajectory of this variant in the USA shows Rapid growth in early 2021, which will become the predominant variant in March, “according to the CDC study published on Friday.

The researchers warned that increasing its spread could place a greater strain on the country’s hospitals and require greater public health action to curb transmission of the virus until enough people are vaccinated. Increased surveillance of the mutating viruses, coupled with better compliance with public health measures such as masks, hand washing and physical distancing, could help slow the spread of the virus.

“These measures will be more effective if taken sooner rather than later to slow the initial spread of variant B.1.1.7. Efforts to prepare the health system for further spikes in certain cases are warranted,” the researchers said.

So far, according to CDC data, which were last updated on Wednesday, the country has only found 76 Covid-19 cases with the highly infectious variant B.1.1.7. However, many of the identified cases involved people with no travel history, suggesting that the variant is spreading undetected in the community.

Global health experts have claimed that while the new strain found in the UK and a similar strain found in South Africa are more contagious, they do not appear to make people sick or make a person more likely to die.

However, more cases could ultimately lead to additional hospital stays if the nation is already home to record Covid-19 patients. The rapid transmission of the new variants could require more people to be vaccinated in order to achieve something called herd immunity, the researchers said.

Herd immunity is when enough of the population is immune to a disease, either through vaccination or natural infection, which makes it unlikely to spread and protect the rest of the community, the Mayo Clinic says.

The US has been sluggish in its vaccination efforts and missed its target of vaccinating 20 million people by the end of last year. The US has delivered more than 31.1 million doses to date, but only administered 12.3 million of them, according to CDC data.

There is also concern that the new variants, particularly the strain found in South Africa, may be more resistant to monoclonal antibody treatments, which have been shown to reduce the chances of someone ending up in hospital if infected early enough.

The CDC study

The agency’s investigation found that while the current prevalence of the variant in the US is still unknown, the analysis makes up less than 0.5% of cases. The US has not yet discovered the variant found in South Africa or any other strain identified in Japan in travelers from Brazil, the researchers said.

In their model, the researchers estimated that the variant was 50% more transmissible than the current strains. They also estimate that between 10% and 30% of people already have immunity to pre-existing infections and will be given 1 million doses of vaccine daily starting this month.

Although the prevalence of strain B.1.1.7 is estimated to be low due to its high transferability, it is likely to grow rapidly in early 2021, as the model showed. Even with vaccines, the variant will continue to spread, although the drugs showed the greatest effect in reducing the transmission of the strain in places where the disease was already regressing.

“Early efforts that can limit the spread of variant B.1.1.7, such as universal and increased adherence to public health containment strategies, will leave more time for ongoing vaccinations to achieve higher population immunity,” said it in the study.

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Business

A brand new Covid variant has been found — this is what we all know to this point

A patient arrives at 28 de Agosto Hospital in Manaus, Amazonas, Brazil on January 14, 2021 amid the novel coronavirus COVID-19 pandemic. Manaus faces a lack of oxygen and sleeping places as the city has been overrun by a second surge in COVID-19 cases and deaths.

MICHAEL DANTAS | AFP | Getty Images

LONDON – A new variant of coronavirus identified in Brazil has heightened concern among public health experts, leading to warnings that more new strains are likely to emerge.

The news of the variant in Brazil comes after two separate mutant strains of the virus were discovered in the UK and South Africa earlier this year.

Researchers are urgently investigating the variants of Covid that are believed to have similar characteristics in order to better understand the threat they pose.

Viruses mutate naturally, and there is no evidence that the newly discovered strains have more serious disease outcomes.

However, the Covid variants are believed to be more transmissible than the original variant that triggered the pandemic, and this could lead to higher numbers of serious infections and additional deaths.

Health officials have recommended washing hands, physically distancing yourself, and using personal protective equipment to prevent the virus from spreading.

What is known about the variant found in Brazil?

Earlier this month, the Japanese National Institute of Infectious Diseases (NIID) announced that it had discovered a new variant of Covid in four travelers from the Brazilian state of Amazonas on January 2.

A man in his forties who was found to be asymptomatic when he arrived in Japan was hospitalized because his breathing condition was deteriorating. A woman in her thirties reported a sore throat and headache, a man between 10 and 19 years of age had a fever, and a young woman over 10 was asymptomatic.

This variant of the virus belongs to the strain B.1.1.248 and, according to the NIID, has 12 mutations in the spike protein. Spike proteins are used by the virus to enter cells in the body.

On January 14, 2021, nurses chatting outside 28 de Agosto Hospital in Manaus, Amazonas, Brazil amid the novel coronavirus COVID-19 pandemic.

MICHAEL DANTAS | AFP | Getty Images

NIID said it was difficult to immediately determine how contagious the new strain is and how effective vaccines against it are.

To date, Brazil has registered more than 8.3 million Covid cases and 207,000 virus deaths, according to Johns Hopkins University. The South American country is the second largest country for Covid-related deaths worldwide after the US.

Travel ban

The UK on Friday imposed a ban on travelers from South America (and Portugal and Cape Verde) to deter people from bringing the new variant into the country.

The country’s Secretary of Transportation, Grant Shapps, told the BBC this was a precautionary measure. He added that scientists believe the coronavirus vaccines will work on the new variant.

“We looked very closely at this particular mutation, unlike many other thousands, and realized that there might be a problem, not so much that the vaccine isn’t working. In fact, scientists believe it will work, just the fact is more spreadable, “said Shapps, according to Reuters.

On Thursday, British chief advisor Patrick Vallance told ITV that there was a “slightly greater risk” of the vaccine’s effectiveness with regard to the Covid variant identified in Brazil.

What about the mutant strains in the UK and South Africa?

On December 14th, the UK health authorities reported a variant to the WHO identified as SARS-CoV-2 VOC 202012/01. It is unclear how the new strain came about, but preliminary results have shown that it is highly infectious.

It originally appeared in the south east of England, but has since been the dominant variety in much of the UK and has spread to more than 50 other countries. Numerous nations then imposed bans on travelers from Great Britain.

Healthcare professionals wearing personal protective equipment (PPE) enter a makeshift ward devoted to treating possible COVID-19 coronavirus patients at the Steve Biko Academic Hospital in Pretoria on January 11, 2021.

Phill Magakoe | AFP | Getty Images

Independently of this, the national authorities in South Africa announced the detection of the variant 501Y.V2 on December 18. Preliminary studies have shown that variant 501Y.V2 also increases portability. It has since reportedly been found in at least 20 other countries.

The variants that emerged separately both share a genetic mutation in the spike protein.

What happens next?

Studies are currently ongoing to understand the transferability and severity of the newly discovered variants of Covid, as well as their possible effects on vaccines.

After approximately 10 months of relative inactivity, “we have seen a remarkable evolution of SARS-CoV-2 with a repeated evolutionary pattern in the worrying SARS-CoV-2 variants from the UK, South Africa and Brazil.” Dr. Trevor Bedford, a virologist and associate professor at the University of Washington, said Thursday via Twitter.

Bedford, who also works with Fred Hutch’s vaccines and infectious diseases division, warned that the hypothesis was “highly speculative” at the time. “But separately, the fact that we’ve seen three worrying variants since September suggests that more are likely to follow.”

To date, more than 93.2 million people worldwide have contracted Covid-19 with 1.99 million deaths.

Professor Devi Sridhar, Chair of Global Public Health at the University of Edinburgh, said on Friday the world has “become the playground of the virus to mutate and develop (especially) in countries that have allowed higher prevalence”.

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Politics

Jacob Fracker, Virginia Nationwide Guard corporal, charged in U.S. Capitol riot

This January 6, 2021 photo, provided by the United States Capitol Police in a warrant of appeal and arrest, shows Rocky Mount Police Department Sgt. Thomas “TJ” Robertson and officer Jacob Fracker in the Capitol building in front of a statute of John Stark, a Revolutionary War officer known for writing the New Hampshire state motto: “Live Free or Die”.

United States Capitol Police | AP

The U.S. Army said Jacob Fracker – one of the two off-duty Virginia police officers arrested on riot charges at the Capitol – is a non-commissioned officer in the Virginia National Guard.

Fracker is the first known active military service to be charged in the attack on the convention halls.

The disclosure of Fracker’s status as a Guardsman comes as thousands of National Guard service members, some of whom are armed, provide security in and around the Capitol following the deadly January 6 riot.

President Donald Trump was charged Tuesday with incitement to mob protests against Joe Biden’s election as president.

Fracker and colleague Thomas Robertson of Rocky Mount, Virginia, were seen posing for a photo and making obscene gestures in front of a statue in the Capitol during the invasion. This is evident from filings filed with the U.S. District Court in Washington, DC

Other rioters killed Capitol Police officer Brian Sicknick and beat and sprayed other police officers defending the complex that same day.

Four other people died in the hand-to-hand combat, including an Air Force veteran Ashli ​​Babbitt, a rioter who was shot and killed by police while attempting to climb through a blocked area in the House of Representatives building.

Another member of the mob, retired Air Force Lieutenant Colonel Larry Rendall Brock Jr., was charged with the riot in which he was photographed in the Senate wearing a helmet and zippered handcuffs.

This undated photo, made available by the Grapevine, Texas Police Department in January 2021, shows Larry Rendall Brock Jr. During the deadly riot at the U.S. Capitol on Wednesday, January 6, 2021, Brock was helmeted in the Senate and heavy vest photographed and handcuffed with zippers.

Grapevine, Texas Police Department via AP

Brock was handcuffed for “taking hostages” and possibly “executing members of the US government,” a federal attorney told a judge who released Brock on Thursday in the Texas detention center.

In a social media post relating to the photo of him and Robertson, Fracker wrote, “Lol to anyone who may be concerned about the picture of me,” according to the District of Columbia District Attorney’s Office both pursued police officers.

“I’m sorry I hate freedom?” Fracker wrote. “Not as if I did anything illegal … you do what you think is necessary.”

Robertson wrote in his own mocking post-attack social media post, “CNN and the left are just insane because we actually attacked the government that is the problem, and not some random small business.”

“The right one day took the f ***** US Capitol. Keep nudging us,” Robertson wrote, according to the prosecutor. In an Instagram post, Robertson wrote that he was “proud” of the photo because he was “ready to bring skin into play”.

Both Fracker and Robertson are charged with knowingly entering or staying in a restricted building or site without legal authority, once forcibly intruding and behaving in disorder for the purposes of the Capitol.

They are each free for an unsecured release loan of $ 15,000 and are not allowed to go to Washington or participate in demonstrations or protests while their criminal case continues.

Robertson told WSLS-10 News that the photo of him and Fracker “was taken long after a disturbance and we were admitted and escorted by the Capitol Police.”

He also said, “I went through an open door that was guarded by two Capitol police officers, got a bottle of water by then and asked to stay in a rope area, which we did.”

Dozens of other people were charged with the uprising that began after Trump held a rally on The Ellipse calling on supporters to march to the Capitol and help him reverse Biden’s election as president.

In a statement to CNBC, the National Guard said, “Jacob Fracker is a sergeant in the Virginia National Guard serving as an 11B infantryman in a traditional National Guard status where he typically trains one weekend a month and two weeks of annual training.”

“He is currently not serving with the Virginia National Guard forces in Washington, DC,” said the spokesman. “The Virginia National Guard will be investigating the matter and we will be able to provide more information when this is complete.”

In its own statement, the Rocky Mount Police Department said it “takes this matter very seriously” and is investigating the incident.

In the meantime, Fracker and Robertson are on administrative leave pending this review, police said.

“The recent events in our US Capitol are tragic. We stand with and support those who denounced the violence and illegal activities that day,” the department said.

In a statement Tuesday, the Army said it was working with the FBI to determine if anyone involved in last week’s riot had any connection with the Army.

“Any type of activity that involves violence, civil disobedience or a violation of the peace can be punished under the Unified Code of Military Justice or federal or state law,” an army spokesman wrote in an email sent to CNBC Explanation.

Gary Reed, director of intelligence at the Pentagon, wrote in a statement Wednesday: “We in the Department of Defense are doing everything we can to eradicate extremism in the Department of Defense.”

“DoD policy expressly forbids military personnel from actively advocating supremacist, extremist or criminal gang doctrine, ideology or causes,” wrote Reed.

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Health

C.D.C. Warns New Virus Variant Might Gasoline Enormous Spikes in Covid Circumstances

“We know this is an overestimation of current vaccination levels,” said Michael Johansson, a researcher at the CDC. “However, we hope that by the end of this period we will reach a higher level.” ”

All viruses accumulate mutations over time; Most mutations go away, but those that offer an advantage – such as greater contagion or faster replication – can take root and spread. In particular, a more transferable variant is likely to spread quickly among the population.

The new coronavirus has accumulated worrying mutations faster than many researchers expected. Some variants also contain mutations that can easily weaken vaccine protection.

However, the immunity induced by vaccines is extremely strong and should last for years, said Paul Duprex, the Jonas Salk Chair of Vaccine Research at the University of Pittsburgh. “It won’t go from 94 percent effectiveness to 32 percent vaccine effectiveness overnight,” he said.

The variant identified in the UK differs from previous versions of the virus by about 20 mutations, including at least two mutations that may add to its greater risk of contagion. As of Jan. 15, it had been detected in more than 70 cases from 13 states – most recently in Oregon – but the actual numbers are likely to be much higher, said Dr. Butler. “CDC expects these numbers to rise in the coming weeks,” he said.

The CDC has sequenced approximately 71,000 samples of the virus, a tiny fraction of the 23 million people who have been infected in the country to date. But the agency has increased its efforts six-fold in the past two weeks, given B.1.1.7 and other variants, said Dr. Gregory Armstrong, who leads the agency’s molecular surveillance efforts.

State and local health labs have pledged to sequence approximately 6,000 samples per week, a goal they are expected to achieve in about three weeks.

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Business

Swimming With the Sharks in Fb’s World

But I came up with an almost foolproof plan. In venture capital language, it’s a small but potentially scalable one-to-one monetization system for entertainment.

More simply, I’ll try to get people to pay me to amuse them. As they say in Hollywood, “Funny is money.”

Perhaps we could combine the laughter reward with the phenomenon of cyber currency: Twitcoin? Gigglebucks? I mean, so much of the craze for online currency is ridiculous, especially when it comes to people who may lose millions of dollars because they lost the passwords to their digital wallets.

I tried this gem of an idea with Siva Vaidhyanathan, a professor at the University of Virginia and an expert on social media and Facebook in particular, which he wrote about in his book, Antisocial Media: How Facebook Divides Us And Undermines Democracy. But he said comparatively few people on social media make real money or even enough money to pay the rent.

The result, he said, was a “race to the bottom,” which he asserted was not a reference to those suddenly ubiquitous hatchback pajama ads showing a flash of the model’s derriere.

Even so, I decided to try out my one-on-one humor model over the phone with him.

I mentioned that Facebook, with its tremendous power and resources, “really knows how to lean,” a reference to the company’s chief operating officer, Sheryl Sandberg, who wrote a bestseller about leaning.

Professor Vaidhyanathan is a kind man and he laughed.

“You giggled!” I said and put my plan into action. “Would you be willing to pay me for it? I mean, you could give it to me Venmo – “