War on Fake News Masks Real Target: Alternative Media

08.12.2016 • Tech

By Kris Sayce – Port Philips Insider (Australia) –

An interesting insight from the Holy Father, Pope Francis. The Financial Times reports:

‘The Pope has warned of the dangers of the spread of fake news and half truths, comparing the media’s desire to create scandal with the sickness of having an obsession with faeces.’

We wouldn’t say this, but some may: When it comes to ‘fake news and half-truths,’ even the most devoted worshipper would have to admit that holy texts contain more than a few whoppers that most would agree could never have happened.

But hey, organised religion has a product and a narrative to sell, just like the rest of us. So good luck to them. Even so, we’ll call out hypocrisy when we see it…

Markets

Overnight, the Dow Jones Industrial Average gained 297.84 points, or 1.55%.

The S&P 500 added 29.12 points, or 1.32%.

In Europe, the Euro Stoxx 50 index closed up by 41.48 points, for a 1.34% gain. Meanwhile, the FTSE 100 added 1.81%, and Germany’s DAX index gained 1.96%.

In Asia, Japan’s Nikkei 225 index is up 156.88 points, or 0.85%. China’s CSI 300 is up 0.09%.

In Australia, the S&P/ASX 200 is up 58.3 points, or 1.06%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$49.95 per barrel. Brent crude is US$53.06 per barrel.

Gold is US$1,175.85 (AU$1,571.48) per troy ounce. Silver is US$17.15 (AU$22.92) per troy ounce.

The Aussie dollar is worth 74.82 US cents.

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