Originally posted by micromacro " you consent to the collection and use (as set forth in the applicable privacy policy) of this information, including the transfer of this information to the United States and/or other countries for storage, processing and use by Yahoo and its affiliates"
Large companies often have server farms in multiple countries. They use it for backup, disaster recovery, and load distribution. I don't especially like the "use by affiliates" portion. That's overly broad but most large companies have similar clauses. The only way to avoid that is to stay off the internet.
Regardless of whether you drop your Flickr account, Verizon is one of the internet backbone providers. Your web traffic might already be passing through their servers even if they aren't your ISP. Assume that every email you send is scanned by Verizon, AT&T, etc. even if they don't read the contents they know the sender and recipient.
Similar stuff happens with paper mail. The outside of every letter is scanned. "The Man" knows every business that sends you a letter by cross referencing the return address and your address.
For an example of how far this goes, I purchased tickets directly on an airline's website. Full passenger names (but not email addresses) have to be provided. My wife's name was cross-referenced with other databases and Google automatically reminded her of the upcoming flight. I bought the tickets, yet the airline, credit card company, Google, and government instantly knew my wife's travel plans.