Judge postpones Trump's TikTok ban in suit brought by users

A federal judge has postponed President Donald Trump's threatened shutdown of the popular short-form video app TikTok, siding with a Pennsylvania comedian and two other TikTok creators who say Trump's order hampers their free speech

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© Provided by The Canadian Press

U.S. District Judge Wendy Beetlestone on Friday blocked an upcoming Commerce Department action that would have effectively banned TikTok in the U.S. by cutting it off from vital technical services.

The Trump administration has said TikTok is a security threat, citing its Chinese owner, ByteDance, and the possibility that the Chinese government could spy on users. Trump's executive order was set to take effect Nov. 12, but is now on hold as the lawsuit proceeds.

This is not the first court challenge to Trump's attempted crackdown on TikTok. Another federal judge in September postponed a Trump administration order that would have banned TikTok from smartphone app stores. In that case, lawyers for TikTok argued that the administration’s app-store ban would infringe on First Amendment rights and do irreparable harm to the business.

But Beetlestone's case in the Eastern District of Pennsylvania was brought forth not by the company, but three of its users who've built a following on the app: Douglas Marland, a comedian from Pennsylvania's Bucks County, along with Southern California fashion designer Cosette Rinab and Connecticut musician Alec Chambers.

“We are pleased that the judge has halted this ban, which exceeds the President’s authority under the International Emergency Economic Powers Act, namely portions of the Act that reflect our nation’s deep commitment to free speech,” said their lawyer, Ambika Kumar Doran, in a prepared statement.

The Commerce Department and White House didn’t immediately return requests for comment. The administration has said it is exercising Trump's emergency authority under the 1977 law enabling a president to regulate international commerce to address unusual threats.

TikTok said in a statement Friday that it is “deeply moved by the outpouring of support from our creators, who have worked to protect their rights to expression, their careers, and to helping small businesses, particularly during the pandemic.”

Matt O'Brien, The Associated Press

                             DAYLIGHT SAVINGS FALL BACK

https://www.upi.com/Top_News/US/2020/10/31/Clocks-to-fall-back-as-daylight-saving-time-ends-Sunday-morning/8871604170565/

SNC stock touches 52-week low after Q3 loss linked to arbitration, COVID precautions

SNC-Lavalin Group Inc.'s stock fell nearly 10 per cent Friday after the engineering services company reported disappointing quarterly results hurt by an unexpectedly expensive arbitration decision and COVID-19's impact on productivity at some of its projects.

© Provided by The Canadian Press

The Montreal-based company's largest source of revenue, engineering services, was profitable during the quarter, as was its capital investment division. But SNC's project management division lost money resulting in an overall third-quarter loss of $85.1 million.

Desjardins analyst Benoit Poirier said in a research note before the market close that there would be investor disappointment over continued losses from "lump-sum turnkey" projects — an area SNC has been actively winding down since last year.

SNC was hit by a $57.9-million arbitration expense related to one such project that was completed years ago, and by COVID-19's impact on some current projects.

Ian Edwards, SNC's president and CEO, told analysts on a quarterly conference call that the binding arbitration loss was more costly than its internal and external expert estimates.

He said SNC is doing a review of remaining legacy cases but it believes it has an appropriate process for assessing litigation risks.

The stock fell $2.03 or 9.8 per cent Friday to close at $18.64 on the Toronto Stock Exchange, after setting a new 52-week intraday low of $17.50 earlier in the day.

Edwards said the company is also getting greater clarity about how the pandemic is affecting productivity at its current projects.

"We're now seeing industry productivity impacts of between 10 (per cent) and 25 per cent, depending on the project and the activities involved," Edwards said.

In answer to an analyst's questions, Edwards said there are provisions in its contracts to recover extra costs, but each of the contracts is different.

"In the fullness of time, we would expect to recover the loss that's specific to COVID, and we will pursue that," Edwards said.

On a positive note, Edwards said, the services side of the business performed better than expected as a result of ongoing efforts to "right-size" the company through divestments, reduced overhead and better execution.

"Certainly the right-sizing of the overhead is going well," he added. "We're down to about 10,000 staff now, a significant decrease from 2019 when were at around 15,000 staff."

SNC's third-quarter amounted to 48 cents per diluted share. The per-share loss included 15 cents of profit from its capital investments, which partly offset a loss from its main business.

In 2019, SNC had a third-quarter profit of $2.76 billion, which included $15.04 per share from capital investments and 67 cents of profit from operations.

On an adjusted basis, SNC says it lost 19 cents per diluted share for this year's third quarter compared with an adjusted profit of $1.24 per diluted share a year ago.

In its outlook, SNC says that — assuming no significant change to the current COVID-19 situation — it expects engineering services revenue for the fourth quarter will be down by a low- to mid-single-digit percentage compared with the fourth quarter of last year.

This report by The Canadian Press was first published Oct. 30, 2020.

Companies in this story: (TSX:SNC)

Canada Energy Regulator orders Trans Mountain to prove safety procedures, orders contractor to stop using trench boxes after worker death in Edmonton

The Canada Energy Regulator (CER) has dispatched inspectors and ordered Trans Mountain Corp. on Friday to prove it has safety procedures in place for trench boxes, a type of equipment involved in a worker’s death in west Edmonton this week .

© Ian Kucerak Edmonton Police Service officers were on scene of a workplace incident involving a crane at a Trans Mountain pipeline worksite at Winterburn Road and Whitemud Drive on Tuesday, Oct. 27, 2020.

CER on Friday ordered Trans Mountain to ensure its contracted company SA Energy Group immediately stops using trench boxes until it can demonstrate that the company can use, assemble, and disassemble them safely. Trench boxes are a type of protective construction equipment used to protect workers from pressure and weight of soil and prevent cave-ins.

The regulator also ordered Trans Mountain to undertake a “root cause analysis” of how the death occurred, fix the errors, and take action to prevent similar incidents, and to confirm it has a process for training workers in using trench boxes safely along the entire length of the Trans Mountain expansion project.

“The company must also confirm that it has the inspectors and oversight capability to adequately oversee high-risk project activities for the Trans Mountain Expansion Project, and if there are any identified gaps, it addresses them,” reads a Friday news release from CER.

A man died after being caught and pinned under a cross beam of a trench box that was being disassembled by a side boom operator and three other labourers, according to an initial report provided by Trans Mountain to CER. Emergency medical services were called to the incident near Whitemud Drive and 215 Street around 2:30 p.m. Tuesday.

Alberta Occupational Health and Safety is leading the investigation into the fatality.

GOOD MONEY AFTER BAD 

Alberta Petrochemical Incentive Program to offer 12 per cent grants to attract new investment

AUSTERITY FOR ALBERTANS CORPORATE WELFARE FOR BIG OIL 

The Alberta government is offering to pay up to 12 per cent of petrochemical project capital costs in an attempt to woo more investment to the province.

© Chris Schwartz/Government of Alberta Associate Minister of Natural Gas and Electricity Dale Nally announcing the Alberta Petrochemical Incentive Program July 9, 2020.

The grants, part of the Alberta Petrochemical Incentive Program first announced in July, were announced Friday by Associate Minister of Natural Gas and Electricity Dale Nally. Companies can now begin the application process.

New petrochemical, fertilizer, or hydrogen-producing facilities can receive the grants once they are up and running, as can expansions to existing facilities.

In an interview Thursday, Nally said the industry has been asking for the program.

“I can tell you they are (champing) at the bit to get their hands on the details,” he said.

To be eligible, manufacturing and processing facility projects must create new and permanent jobs, have a minimum of $50 million in capital investment, and consume natural gas, natural gas liquids or petrochemicals.

There is no cap to the program, but Premier Jason Kenney has estimated the cost could come in around $1 billion in total.

The program is part of a larger Natural Gas Vision and Strategy first outlined three weeks ago , and will run alongside the existing $1.1 billion petrochemical diversification royalty credit program introduced by the former NDP government in 2016.

Applications are closed for the diversification program, but companies that are taking part will have six months to apply for the new APIP program and abandon the royalty credit program.

The UCP government discontinued two other related programs in 2019 — the Petrochemical Feedstock Infrastructure Program and the Partial Upgrading Program, saying they carried a higher financial risk to the province.

Nally said the grants would be paid out over a three year period, so if a facility stops operating after six months, it would only receive a third of its grant.

“Some of these facilities require 5,000 to 7,000 construction jobs during the construction phase, so the tax revenue alone that would have been generated just on the construction of the facility would more than pay for the grants, so in that sense there is security,” said Nally.

NDP Opposition energy critic Kathleen Ganley said she was pleased the UCP government was recognizing diversification was not a luxury anymore, but she expressed concern about the security of Albertans’ investments.

“If you’re taking the risk you should get the profit. With the grant program it looks like the company still has the same opportunity for the profit, but more of the risk has been shifted to the taxpayer,” said Ganley.

The Canadian Taxpayers Federation slammed the Alberta government for failing to put a cap on costs, calling it corporate welfare. CTF IS KENNEY'S FORMER EMPLOYER 

The application window for small projects, with capital costs valued between $50 and $150 million, will be open for five years, while applications for larger projects will be open for 10 years.

Mark Plamondon, executive director of Alberta’s Industrial Heartland Association, said in a Friday news release the program makes Alberta more attractive to investors as the Industrial Heartland region northeast of Edmonton aims to attract $30 billion by 2030.

Janet Riopel, president and CEO of the Edmonton Chamber of Commerce, said the program was great news and would also boost the city’s economy.

On Friday, the Globe and Mail reported that the Alberta government is in talks with a private Saudi Arabian company to build a $5-billion petrochemical facility in the province.

Jennifer Henshaw, press secretary to Nally, said in a statement they hoped to have more to say in the months to come but would not comment due to confidentiality and commercial sensitivities.

“We are pleased to see that interest has been expressed by a number of global companies from different regions,” said Henshaw.

Kenney has been critical of Saudi Arabia for flooding North American oil markets at the expense of Alberta and its export of “democratic” Canadian energy, calling the Middle Eastern country one of the world’s “worst regimes.”

lijohnson@postmedia.com

twitter.com/reportrix

Losses mount for oil companies as pandemic grips economy

NEW YORK — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity.

© Provided by The Canadian Press

The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.2 billion, down from $65.05 billion during the same quarter last year.

The string of losses and what by almost all counts will be a money-losing year is new territory for Exxon Mobil, which has not posted an annual loss since Exxon and Mobil merged in 1999.

“This is a business that’s made a billion dollars a quarter on average from 2011 to 2018 and it’s had a rough go,” said Peter McNally, global sector lead for industrials, materials and energy at Third Bridge, a research firm.

Already struggling with weak prices from oversupply, the pandemic has intensified the pain for oil and gas companies. The price of U.S. benchmark crude has fallen 40% since the start of the year. The cost for a barrel of oil tumbled 10% just this week as coronavirus infections surged in the U.S. and abroad.

Commuting to work has largely ended for millions of people. Air travel this year fell to levels not seen in the jet age and the economy suffered its worst contraction in decades as factories and other big energy consumers shut down. All indications point to a Thanksgiving celebrated close to home, and in smaller numbers this year.

Exxon has begun slashing costs to offset falling energy demand, and that means jobs.

A day after announcing 1,900 job cuts, Exxon said on Friday that it plans to cut 15% of its global workforce by the end of next year, about 11,250 jobs. The company employed 75,000 people at the end of 2019.

Chevron also announced job cuts Thursday after closing on its acquisition of Noble Energy earlier this month, saying it would trim the headcount at that company by about a quarter.

"We remain confident in our long-term strategy and the fundamentals of our business, and are taking the necessary actions to preserve value while protecting the balance sheet and dividend,” said Exxon Mobil CEO Darren Woods in a prepared statement.

Exxon said Friday that it may divest $25 billion to $30 billion in North American dry gas assets, and that it would cut capital expenditures to between $16 billion and $19 billion next year.

That would follow a year in which Exxon reduced capital spending by 30%, to $23 billion.

“We are on pace to achieve our 2020 cost-reduction targets and are progressing additional savings next year as we manage through this unprecedented down cycle," Woods said.

Those planned reductions might not be enough to appease some investors. Exxon was the only one of the super-majors to post a loss this quarter, and is behind its peers in cost-cutting, said Jennifer Rowland, senior analyst at Edward Jones. “Everyone else either stayed in the black or got back into the black from the abyss of the second quarter. I think it’s telling that they’re the only ones still running in the red."

The Irving, Texas, company produced 3.7 million barrels of oil per day in the third quarter, up 1% from the second quarter. But production is down slightly from the same period last year.

“We are not cancelling any projects that are in execution or in the funding process,” said Andrew Swiger, chief financial officer, in a conference call Friday.

Several analysts on the call questioned why Exxon will continue paying a dividend given the losses it's suffering.

“Our objective is to maintain the dividend, advance the highest value investments, and maintain the debt at a cost- competitive level,” Swiger said.

“It’s not going well,” McNally said about Exxon. “You have to squint at some of the things to find things that are good.”

And the third quarter was an improvement compared with the last, when oil futures crashed below zero. Exxon and Chevron lost a combined $9 billion.

Chevron on Friday swung to a loss of $207 million after a quarterly profit of $2.9 billion last year. Revenue fell by $11 billion, to $24 billion.

Oil prices appeared to stabilize during the third quarter, however, and better conditions enabled Exxon to recover some of the production it had curtailed, the company said.

Demand for refined products also improved, and chemical sales volumes rose as demand for packaging increased and automotive and construction markets recovered, Exxon said.

Oil demand is expected to fall 8% globally this year, according to the International Energy Agency. While some demand has recovered since oil futures fell below $0 a barrel in April, countries are again locking down as the coronavirus surges anew across Europe and the U.S.

Exxon's stock fell almost 3% Friday, and it's down more than 50% this year. Chevron was relatively unchanged, but its shares are down about 40% in 2020.

The energy sector is the only one in the S&P 500 to fall since President Donald Trump took office. Energy stocks in the index have lost nearly 57%, and the five worst-performing stocks since Trump's presidency began were energy companies.

Cathy Bussewitz, The Associated Press

Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

CALGARY — Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and operational spending, helped Imperial Oil Ltd. beat expectations with a small profit in the third quarter.

© Provided by The Canadian Press

The Calgary-based company posted Friday net earnings of $3 million on $5.96 billion in revenue, down from a profit of $424 million in the same quarter last year on revenue of $8.74 billion.

"While $3 million may not seem like a big number, it's a positive number and that speaks volumes in this business environment," CEO Brad Corson told a conference call with financial analysts on Friday.

Analysts had expected a loss of $79 million on revenue of $5.7 billion, according to data firm Refinitiv. Imperial lost $526 million on revenue of $3.7 billion in the second quarter.

Oilsands rivals Suncor Energy Inc., Cenovus Energy Inc., Husky Energy Inc. and MEG Energy Corp. all reported third-quarter losses earlier this week due to lower oil prices — all but Cenovus reported lower production as well.

Like the others, Imperial has been focused on cutting costs.

"At the end of March, we committed to deliver spending reductions totalling $1 billion, which included a $500-million reduction in capital spending as well as $500 million in lower expenses," said Corson.

"As of the end of the quarter, our production and manufacturing expenses are down $813 million versus the first nine months of 2019 ... and our capital spending is down over 50 per cent, a savings of $700 million."

Imperial revised its capital spending for 2020 to $900 million, down about $250 million from the midpoint of its last guidance update, though Corson said it will likely rise in next year's budget.

Video: More than 2,000 jobs could be lost in mega-merger of Cenovus and Husky (Global News) https://tinyurl.com/y86uzn8x

Production averaged 365,000 barrels of oil equivalent per day in the third quarter, compared with 407,000 boepd in the same period of 2019, but up from 347,000 boepd in the second quarter, the company said.

Its Kearl oilsands mine in northeastern Alberta was forced to shut down for two weeks in September after the Polaris diluent pipeline was taken off-line to repair a leak. That prevented Kearl from receiving the light petroleum it needs to dilute heavy bitumen so that it will flow in a pipeline.

Corson said the mine's output jumped to a record of 313,000 barrels of bitumen per day during the four weeks after restarting and it averaged 300,000 bpd in October, well above the 280,000 bpd capacity expected after supplemental ore crushers were added last year.

Alberta's announcement last week that it will suspend oil production quotas in December was welcomed by Corson, but he said the province's retaining of the right to bring the quotas back in 2021 creates an "overhang of uncertainty."

Imperial's shares are 70 per cent owned by American energy giant ExxonMobil, which announced Thursday 1,900 employees in the U.S. will lose their jobs as part of its plan to cut its worldwide workforce by about 15 per cent.

It is also evaluating potential job cuts in Canada but a spokeswoman said Thursday it was "premature" to talk about that, adding it intends to communicate with employees of ExxonMobil Canada in coming weeks.

Corson said on the call that Imperial has reduced the number of contractors it employs without saying how many or indicating whether full-time staff have been affected by cost-cutting.

Earlier this week, Cenovus and Husky said they will cut as many as one in four jobs, potentially more than 2,000 workers, if their merger announced last Sunday is closed as expected early next year.

Suncor announced in early October it will cut as many as 1,930 jobs over 18 months to reduce total staff by 10 to 15 per cent.

Job cuts are also expected in the Canadian operations of Royal Dutch Shell, which announced in September it would eliminate between 7,000 and 9,000 jobs worldwide by the end of 2022, and, to a lesser extent, from BP, which said in June it would cut around 10,000 jobs from its global workforce.

This report by The Canadian Press was first published Oct. 30, 2020.

Companies in this story: (TSX:IMO, TSX:SU, TSX:CVE, TSX:HSE, TSX:MEG)

Dan Healing, The Canadian Press

Affordable housing advocate says Nova Scotia premier’s comments on rent control ‘bizarre’

Graeme Benjamin GLOBAL NEWS

© Alexa MacLean/Global Halifax Halifax Regional Municipality is receiving 8.7 million dollars from the Federal Government for rapid housing.

Affordable housing advocates in Nova Scotia are scoffing at the provincial government after the premier said he doesn’t believe rental control would work, calling it a “philosophical issue.”

At a press briefing after Thursday’s cabinet meeting, Premier Stephen McNeil was pressed on increasing rental costs across the Halifax Regional Municipality.

He acknowledged there’s a rental issue in the province, but said he doesn’t feel rent control is how to fix it.

ALTERNATIVE FACTS
"We just don't believe (rent controls) work,” McNeil said Thursday. “They haven't worked in other places where they've applied, and that's a different philosophical issue. That doesn't mean the issue's not real and we’ll work with our partners to provide other options."

"I just found it a bizarre comment, and perhaps an incentive one," said Hannah Wood, chair of Nova ACORN, an independent advocacy group that fights for affordable housing.

Read more: Nova Scotia says it’s looking at options to prevent evictions, but short on specifics

Rent control has not been in place in Nova Scotia since it was eliminated by the Liberal government in 1993. McNeil said the province is looking at ways to help people access affordable housing, but didn’t provide specifics.

Wood believes rent control is essential and can be implemented differently than in other locations where it hasn’t seen success.

"Currently, rent control in British Columbia doesn't include when units are vacant, so that is used as a loophole to increase the cost of those units in between tenants, so we need that goes across those lines and is more substantive," said Wood.

Video: Halifax receives $8.7M for rapid housing

Several Halifax tenants have fallen victim to a recent spate of evictions related to dramatic monthly rent increases.

Shaun Clark says that happened to his uncle last year at an apartment in Fairview. In just two years, his rent increased from $695 a month to $1,600.

He was on disability and receiving social assistance when learning about the increases.

"It's just so hard for people to find an apartment in the city right now. People with disabilities, that kind of extra stress, especially the mental disabilities, it doesn't do well for people's health," said Clark.

"Affordable housing is not affordable to people on social assistance, seniors on pensions, people with disabilities."

Aron Spidle experienced a similar situation at his apartment on Dutch Village Road. While living there, the building was sold to a new company and a letter was sent to tenants informing them utilities would no longer be covered.

He says that added about $250 a month to his monthly rent — something he couldn’t manage.

“I was there for 13 years and I had no choice but to move,” said Spidle.

“I just couldn’t afford to stay. And we find this happening a fair bit in the province, and particularly in the city.”

Read more: Nova Scotia to launch program offering tax relief to hotel owners

On Wednesday, the federal government announced it would made up to $8.7 million available for low-income housing projects in the Halifax area. It’s part of a $1-billion federal plan to build up to 3,000 new homes for low-income Canadians.

Wood hopes the funding remains true-to-province and on par with the wages low-income Nova Scotians are earning.

"What the provincial government and the HRM thinks is an affordable cost for a unit is not really based on what the minimum average income is of people in Nova Scotia," said Wood.

“I think it needs to go directly into rent controlled, affordable housing that is also accessible for people with disabilities.

She’s calling on the new Halifax council to continue to put pressure on provincial government officials to implement rent control, so tenants won’t be forced out of the city

Post-2020 election, Covid vaccine is biggest disinformation threat on the internet: Former Facebook security chief
Eric Rosenbaum 

Facebook CEO Mark Zuckerberg just announced he's giving the entire company off for the Thanksgiving Week, and former Facebook security chief Alex Stamos agrees, somewhat: after fighting the 2020 elections online misinformation threat, technology workers have earned a break.

But a week might be too long, Stamos thinks, before they need to turn their attention to what he sees as the next big social media disinformation battle: Covid-19 vaccine information.

The good news, from his point of view, is that the amount of work that technology companies and the government put into fighting misinformation leading up to Election Day, can be transferred to the war against Covid-19 vaccination lies. The mistake would be not making that transition in full, and quickly.

"A huge amount of work has gone into this election and we can't let that work go to waste on Nov. 4 and no longer be making progress on disinformation," Stamos, who now directs the Stanford Internet Observatory, said at the CNBC Technology Executive Council Summit this week. "And in the U.S., the most critical will be around Covid and vaccines, which we'll start to see hopefully come out next year. The most important disinformation campaigns will be about Covid."

Given the potential severity of the problem, news organizations need to help by getting the headlines right and not unintentionally spread misinformation, he said, in reference to a tweet he recently sent that attracted attention for taking the Washington Post to task for a story about a person dying in a vaccine trial which resulted in confusion over cause of death — the subject had been given a placebo, not the experimental vaccine.

"We need to allow scientists to do their jobs and measure the risk, and look at all of the details, and the vaccine issue has become a geostrategic issue," Stamos said.

Several consortiums are tied to governments, and several, for example, to very important companies in China backed by the Chinese Communist Party, which has been positioning its vaccine candidates as chess pieces in the battle for global influence. Russia has multiple vaccine projects underway, including one developed by a biotech company that was once a Soviet era bioweapons laboratory.

"There could be a great amount of interest in saying other companies' vaccines are bad," Stamos said.

"We need the same kind of cooperation ... to go into vaccine safety, and we already have a sub-culture in the U.S. very skeptical and will harass people who push vaccines," Stamos said. "We're in a very dangerous place," he added, referring to the opportunity for a foreign adversary to use misinformation and more targeted propaganda and disinformation to threaten the health of the U.S.

Declining trust among Americans for a vaccine

In fact, recent Pew Research survey data shows that there is reason to be concerned about vaccine distrust among a growing segment of the American public, and not just limited to a sub-culture.

A September report from Pew showed that Americans who say they would get vaccinated for the coronavirus declined by a significant amount over the course of 2020. Half of U.S. adults (51%) told Pew in September they would "definitely or probably" get a vaccine to prevent Covid-19 if it were available, but nearly as many (49%) say they definitely or probably would not get vaccinated. Overall intent to get a vaccine fell from 72% in May, a 21 percentage point drop. And the share who would "definitely" get a coronavirus vaccine dropped by half to 21%.

© Provided by CNBC A health worker holds blood samples during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida, on Wednesday, Sept. 9, 2020.

"Everyone at Facebook can take the day off after the election and then on Nov. 5, they need to get back to work at deploying the exact same responses we saw to election disinformation," Stamos said, adding that a Covid war room is a necessity similar to the election war rooms that companies like Facebook have now.

Alexis Wichowski, Deputy CTO for Innovation, New York City Mayor's Office of the CTO, who spoke on the CNBC TEC virtual summit with Stamos, said while federal agencies have the largest reach, absence of trust in the federal government right now requires technology companies to be engaging with state and local governments, as well. "The more local we get the better chance we have to combat vaccine disinformation," she said.

Stamos worries that while it is clear exactly who is in charge of the election disinformation effort within the federal government, including the Department of Homeland Security's CISA unit, created after 2016, and the military's Cyber Command, there is no clear lead agency on Covid misinformation in Washington, D.C.

One advantage in fighting Covid-19 vaccine misinformation relative to the 2020 election version is that political speech is more difficult to label as fact or fiction than science.

"We have scientific experts with generally accepted truths they can reach," he said.

But Stamos cautioned that even there, the issue is complicated. He cited the early days of the pandemic outbreak in March when the CDC was not advising the public to wear masks, versus a "truly crazy idea" like that the wearing of masks increases the chances of getting Covid-19.

"It's a fast-moving situation and while there are experts ... the opinions of those experts change as research changes."

The technology companies have these policies in place to label misinformation, but it is not easy to do when there is no direct, fixed set of truths. As a society, we need to be careful about asking the intermediaries to censor speech when the "absolute truth" in some situation is not well known yet.

"When you talk about vaccines ... there will be very complicated, conflicting information and we need information centers equivalent to what we had running for the election," Stamos said. "Facebook should set the goal of four million people getting vaccinated that wouldn't otherwise, just like they registered four million," he said.

Epstein donations force resignation at international peace organization

By Richard Roth, CNN 

The president of an international think tank has resigned following revelations that he accepted a loan from accused sex trafficker Jeffrey Epstein and secured $650,000 in donations from foundations linked to Epstein for the peace organization.

© Matt Dunham/AP Terje Rød-Larsen, a Norwegian diplomat, has resigned as CEO of the International Peace Institute.

The International Peace Institute, based across the street from the United Nations, announced that diplomat Terje Rød-Larsen had apologized to the institute's board and resigned as president and CEO on Thursday.

The IPI said it was unaware of the Epstein transactions.

Larsen was a key broker of the 1990s Oslo Middle East peace accords and represented the UN on several peace assignments around the globe.

The United Nations announced Friday it has withdrawn from its role as honorary chair of the IPI, following the resignation of Rød-Larsen.

Citing the office's independence and status, UN spokesman Stephane Dujarric said the UN secretary-general, after a review, has decided not to serve in any capacity in the governance of any outside entity.

The institute is an independent organization that promotes UN causes. It was founded 50 years ago with the assistance of former UN Secretary-General U Thant.

IPI board Chairman Kevin Rudd, the former Australian prime minister, denied IPI was aware of the Epstein-related donations or the personal loan to Larsen until media reports in the veteran diplomat's home country of Norway.

Rudd said in a statement he was "blindsided."

"Mr. Rød-Larsen has apologized to the Board for what he has described as his grave error of judgment, Rudd said. "I am deeply disappointed that the Board has had to learn about so much of this through the media."

In a separate statement, the IPI board said, ''Epstein's crimes were hideous. The notion that IPI would be in any way engaged with such an odious character is repugnant to the institution's core values."

Earlier this month, the Norwegian Business Daily (DN) published a letter from Larsen to its board and supporters, a letter since confirmed to CNN, in which he writes, "Please accept my sincere apologies for any distress or embarrassment this may have caused you. DN has reported that I took out a personal loan of $130,000 from Mr. Epstein in 2013. This loan had no connection to the activities or finances of IPI, and it was repaid in full as promised within the allotted time from my own personal accounts."

Rudd said the media reports in November 2019 were the first notice of Epstein involvement with the Institute.

Rudd said "subsequent searches by IPI staff, made at the request of the Board, have identified donations totaling $650,000 that were received between October 2011 and May 2019. This represented approximately 0.9% of IPI's total revenue over those years. The source of these donations had not previously been disclosed to the Board, nor to me as Chair."

There has been no link established between Larsen and any of Epstein's criminal activities. However the institute is asking for an investigation.

In his letter, Larsen writes that "IPI never paid any money or compensation of any kind to Jeffrey Epstein. This was a completely separate and personal matter. I recognize that it was a grave error of judgment on my part to engage in a personal financial relationship with Jeffrey Epstein, and I regret it whole heartedly."

The institute said an amount equivalent to Epstein's donations will be given to programs that help victims of human trafficking and sexual assault. The board has named Adam Lupel, the IPI's current vice president and chief operating officer, as the institute's acting president and CEO.

Rudd said he attended an international event including UN Secretary-General Ban-Ki Moon and other dignitaries in September 2013 where it was later determined Epstein was on the guest list, though it's not certain he attended.

Rudd said he does not remember meeting him nor does he recall Epstein joining an advisory panel conference call in January 2014 designed to provide mining advice to Mongolia.

The IPI said it will commission a global accounting firm to audit its finances to make sure that all Epstein foundation donations have been identified.

Epstein was indicted on sex trafficking charges in New York in 2019 and found dead in his jail cell in Manhattan weeks later.

Larsen is married to Mona Juul, Norway's ambassador to the United Nations.

Initial efforts to contact Larsen have been unsuccessful.