Tech leaders others launch 14M News Integrity nonprofit

FILE – In this Tuesday, May 19, 2009, file photo, Craig Newmark, founder of Craigslist.org, speaks during a panel discussion sponsored by Consumer Reports and The Consumerist on how online media is making a difference for consumers, in New York. 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 comes as recent polls show the public’s trust in the news industry at a low. Others contributing to the fund include Newmark and the Ford Foundation. (AP Photo/Frank Franklin II, File) by The Associated Press Posted Apr 3, 2017 7:21 am MDT Last Updated Apr 3, 2017 at 8:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Facebook and Mozilla are among the companies and organizations launching a $14 million fund to promote news literacy and increase trust in journalism.The non-profit, 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. Tech leaders, others launch $14M ‘News Integrity’ non-profit read more

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Two Irish banks raise funds in transactions not seen for several years

first_imgUpdated 11.45pmTWO IRISH BANKS raised a total of €1 billion on the markets today in transactions not seen here since the financial collapse five years ago.Allied Irish Bank issued €500m in fixed rate senior unsecured debt, its first move of this kind since 2009 and marks the banks full re-entry into the senior unsecured bond market.The bank said the move was met with strong demand on the market. 99% of the issue’s allocations were secured by international investors, including those from a range of countries across Europe.Meanwhile, Permanent TSB raised €500m through a sale of mortgage backed securities, the first such sale by an Irish bank since 2007.Group Treasurer at the bank Kieran Bristow said that the deal reflected strong investor confidence, with the transaction being significantly over-subscribed.This was the bank’s first issue of a mortgage backed security since 2006.Minister for Finance Michael Noonan welcomed the move, which comes just a week after Ireland agreed to exit its bailout programme without any further supports.“The initial market reaction has been positive and these transactions, the first of their kind for both banks for a number of years,” he said, “are further evidence of improved international investor sentiment towards both institutions and towards Ireland.”Originally published 22:23Read: Newbridge Credit Union taken over by Permanent TSB >More: AIB and Irish Mortgage Holders Organisation to establish third-party advice body >last_img read more

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