National / International News
Social networking sites like Facebook and YouTube have a problem. In a way, it's a good one to have.
The grandma problem.
As social networking has gone mainstream – in other words, "even Grandma is on Facebook" – the seedier side of the web becomes a bigger and bigger problem. Say Grandma logs in to check out new family photos or videos, and then she's bombarded with everything from violent car crashes to the most vile kinds of pornography? Not a good user retention strategy.
Enter the content moderator. She makes sure the really icky stuff the Internet has to offer doesn't show up next to photos of the grand kids. She is part of a massive workforce, which one expert estimates at over 100,000 around the world. Or, 14 times the size of Facebook.
Adrian Chen wrote about content moderators for the November issue of Wired. His reporting took him to the Philippines, where outsourcing firms pay content moderators as little as $300 per month.
"What the companies told me was that people in the Philippines, because of the cultural connection to the U.S., were better-equipped to screen content for American and Western audiences," Chen said.
But no content moderator is well-equipped for the volume of vile content that the screening process entails.
"People get a darker view of humanity," Chen said, adding, "seeing all this abnormal stuff all day gives you a twisted view of what's really going on out there."
The full article, including accounts of some of the terrifying content that moderators see, is at Wired.com.
Rite Aid took the same step, leading many observers to note that the two companies are part of a group of retailers that's developing its own payment system, called CurrentC.
With the euro-zone teetering on the edge of another recession, all but 25 of the continent's major banks passed stress tests conducted by the Central Bank. Thirteen of those must make up a 9.5 million euro shortfall.
Italy was the country that fared the worst, with nine of its banks failing the test. The Wall Street Journal picks up the country-by-country breakdown. Overall the report is meant to quell fears about the beleaguered European economy.
This week is heavy with tech earnings again. Twitter reports after the closing bell today and Facebook, tomorrow. In the mean time, here's what we're reading - and the numbers we're watching - Monday.34
That's the number of retailers listed on Apple's website as supporting the company's mobile payment system, which launched a week ago. As the Verge points out, while main banks back the service, eight of the participating retailers are Foot Locker brands and one is Apple itself. Meanwhile, several big stores like CVS, Wal-Mart and Best Buy aren't supporting Apple Pay because they are part of a competing mobile payment system set to launch next year.68 percent
The GOP's chances of taking over the senate in the upcoming midterm elections. The Washington Post reports that Democrats have scooped up quite a few newspaper endorsements, and while that might not be enough to hold the Senate, those nods can still have an impact on the results.$20/hour
That's how much fast food employees make in Denmark, nearly two and a half times what they make in the U.S., the New York Times reported. Some have pointed to the unionized Danish fast food workforce as an example for how American workers should be treated, while others say it's impossible to fairly compare the two countries. The Times cites one study that says half of all fast food workers are on some type of public assistance.