Seth takes a closer look at Republicans admitting they will do everything possible to sabotage the Democrats’ agenda while moving quickly to quash the impeachment trial of former President Donald Trump.
Child molesters have no place on Supreme Peoples Assembly education committee. pic.twitter.com/knauROP0Lc
— DPRK News Service (@DPRK_News) January 27, 2021
Game Stop stick went up 134% today. In after market trading it is down 16%, It’s going to have a crazy day tomorrow. Mostly down. I’m more of a long term investor and hate hedge fund guys so I’m OK seeing them get hurt.
A Trumpster FB friend posted this tonight.. 🤣🤣🤣🤣
My pillow. What a great product line.
Great pillows, wonderful sheets, bed topper and really absorbent towels.
Let’s support My Pillow… buy direct online for best prices.
Like last year’s efforts of Trumpsters (my brother, for one) who were encouraging everyone to purchase Goya products after their CEO endorsed Trump. The same campaign is not likely to be as effective for durable products.
I don’t need to explain why @RepMTG is a clear and present danger to Congress and our democracy. She did it herself.
And she must go.
I’m introducing a resolution to expel her from Congress immediately: https://t.co/45KyC59WDU— Rep. Jimmy Gomez (@RepJimmyGomez) January 28, 2021
re: #3 I Would Prefer Not To
Game Stop stick went up 134% today. In after market trading it is down 16%, It’s going to have a crazy day tomorrow. Mostly down. I’m more of a long term investor and hate hedge fund guys so I’m OK seeing them get hurt.
I have no problem with the hedge funds losing their shirts. This seems like a pretty classic pump and dump(on steroids thanks to social media) and a lot of these folks jumping in to stick it to wall street are going to end up losing a lot of money too when this bubble pops. Someone is getting rich off of it though for sure.
CL’d. An OSHA discussion w/ Decatur Deb:
re: #189 Decatur Deb
The munitions plant where I worked had massive old-school slides so you could un-ass the building when the explosions started. Some of them were 3 stories high and would dump the lucky escapees a couple hundred feet from the supersonic blast front. We had no records of a successful use.
Abandoned slide (different plant):
[Embedded content]
When I was working in the oil industry as a wellhead geologist, I would occasionally work drillings rigs on land (most of my work was offshore, which was very much my preference for numerous reasons).
On a land rig, there was a line that ran from the stack fingers near the top of the derrick (where you would stack 90’ sections of drill pipe when you needed to change a drill bit) that ran some 200 odd feet away from the rig. It was called the Geronimo line.
If there was a big kick or a blowout when you were tripping pipe to change out a bit, the Derrickman could put his escape wheel on the line and Squee!! to safety unless the gas bubble ignited and cooked him to a cinder before he was clear of all hell breaking loose.
I met one guy who had used it and lived. His back looked like Jamie Frazier’s.
So the good news in all this Gamestop back and forth is that now if they ever do a remake of Trading Places, the script writers won’t have to think too hard about how best to resolve the climax in Act 3!
Wow Marjorie Taylor Greene’s daughter just posted this on Facebook pic.twitter.com/ehp2O7d1ZW
— blaire erskine (@blaireerskine) January 28, 2021
re: #3 I Would Prefer Not To
Game Stop stick went up 134% today. In after market trading it is down 16%, It’s going to have a crazy day tomorrow. Mostly down. I’m more of a long term investor and hate hedge fund guys so I’m OK seeing them get hurt.
Same here.
Gamestop’s stock was actually going up after dropping last year due to COVID-related losses (the company had to close hundreds of branches). Seeing this, the hedge fund Melvin Capital planned to short the company’s stock to less than half its worth as of the start of this month.
Now, as a result of their shennanigans, they’ve lost a few BILLION, and basically needed to be bailed out by two other funds.
the ceo of gamestop pic.twitter.com/oHQY0GiFSR
— Matt Buechele (@mattbooshell) January 27, 2021
Whoa!
Did they actually drain the swamp?????
This could become a homeless shelter… https://t.co/Gnyq6x8kvr
— Openly Black Mikki Kendall (@Karnythia) January 28, 2021
Margot Robbie wasn’t available to explain this GameStop situation in a bathtub, so this is the best we could do. pic.twitter.com/Mw1dabmIzQ
— The Daily Show (@TheDailyShow) January 28, 2021
I’m curious about what was said on the Reddit and Discord boards, because I wonder if they made a plan for dealing with the loss of money after going after the hedge fund managers, or maybe they were told to only do it if they could lose the money.
re: #185 retired cynic
Over 40. Look at Reagan’s history, in 1979-80.
Over sixty. Look at Goldwater’s history.
Good. Now have Biden Admin investigate millions in federal contracts Trump awarded to Matt Gaetz’s future brother-in-law.https://t.co/lR6MzETwR2
— 𝙻𝚊𝚛𝚛𝚢 𝚃𝚎𝚗𝚗𝚎𝚢 📷 Make #GoodTrouble (@LarryTenney) January 27, 2021
re: #15 Anymouse 🌹🏡😷
Over sixty. Look at Goldwater’s history.
I think the decline of the GOP is a story a century in the making. E.g., the GOP has been worthless on economic issues during and since the Great Depression.
Something broke in the GOP long ago.
re: #14 Belafon
From what I saw before it went dark, some discussed not risking money they couldn’t afford to lose, and some mentioned how they were in it for the long haul (considered shares even before it became a “let’s make Melvin suffer” campaign).
While not an expert, based on the fact that many if not most didn’t seem to believe the reports coming out about Melvin supposedly getting out of GameStop shares today, as well as the fact that many folks seem to believe now that WS companies played a part in the Discord & Reddit pages going dark and vowing payback - I don’t think this is over yet.
re: #8 jamesfirecat
So the good news in all this Gamestop back and forth is that now if they ever do a remake of Trading Places, the script writers won’t have to think too hard about how best to resolve the climax in Act 3!
I hate to actually you, but I’m going have to actually you.
The only reason the scam worked in Trading Places was that it was a small cabal working below the radar to bring down the Brothers, who thought they were invincible. It couldn’t be done that way today. Too much data available to too many people.
But here is where God is an iron:
The same Brothers from Trading Places who felt they were invulnerable until they were successfully penetrated by a small group of motivated angry hackers (and that is what they were), are the same titans of Wall Street who could not imagine until this week in the modern day, that a large, independent, amorphous, internet-connected group of investors could gang up on them and fuck them right up the patootie.
It’s really kind of glorious, and you can bet that consortiums to fleece hedge funds will pop up like mushrooms this spring.
re: #19 austin_blue
It’s really kind of glorious, and you can bet that consortiums to fleece hedge funds will pop up like mushrooms this spring.
As I understand it, the hedge funds would have no exposure to risks like this if they made honest trades instead of bullshit like short selling on credit.
Wait no no no I misunderstood the tip. I WENT to a GameStop and bought up all of their STOCK. Now I have like 15 copies of Call of Duty Infinite Warfare and 30 copies of Assassin’s Creed Unity. And I am in massive credit card debt. Are you ducking KIDDING me
— ben “slenderben” flores (@limitlessjest) January 27, 2021
re: #20 EPR-radar
As I understand it, the hedge funds would have no exposure to risks like this if they made honest trades instead of bullshit like short selling on credit.
And then they probably wouldn’t be hedge funds.
This guy is all over the comments on a Twitter thread with the same comment over and over again regarding Redditors sticking it to hedge funds today (they should be happy they’re only losing a lot of money instead of seeing guillotines rolling up Wall Street):
No, it’s market manipulation because people planned to pump up these stocks on Reddit r/wallstreetbets. This is called a pump and dump scheme, and is illegal
— Patrick 🧢 (@Patrick4Yang) January 27, 2021
Pump and dump is illegal when “based on false, misleading or greatly exaggerated statements”. Everyone is in the know why Gamestop and AMC are being pumped, its to squeeze the shorts.
— NP Crane☯️ (@silentscreetch) January 27, 2021
Redditors are now talking about Bed, Bath, & Beyond, which is also heavily shorted by hedge funds.
It appears across every cable network there are stock market gurus talking about how bad this is (that they’re being beaten with their own rules), suggesting things such as prohibiting talking about stock trades on-line (except their own Websites and television shows and such, those would be exempt).
re: #19 austin_blue
I hate to actually you, but I’m going have to actually you.
The only reason the scam worked in Trading Places was that it was a small cabal working below the radar to bring down the Brothers, who thought they were invincible. It couldn’t be done that way today. Too much data available to too many people.
But here is where God is an iron:
The same Brothers from Trading Places who felt they were invulnerable until they were successfully penetrated by a small group of motivated angry hackers (and that is what they were), are the same titans of Wall Street who could not imagine until this week in the modern day, that a large, independent, amorphous, internet-connected group of investors could gang up on them and fuck them right up the patootie.
It’s really kind of glorious, and you can bet that consortiums to fleece hedge funds will pop up like mushrooms this spring.
They also passed a law to make what happened in Trading Places illegal a few years back (lets not ask why it took them that long to make insider trading in the future’s market illegal).
I know the two events work differently (for one thing Trading places was based around getting the bad guys to try and corner the market on a stock, and then drive its price down, while this time its about the bad guys trying to short shell a stock and then driving the price up) but the two events “rhyme” with each other in my opinion.
re: #20 EPR-radar
As I understand it, the hedge funds would have no exposure to risks like this if they made honest trades instead of bullshit like short selling on credit.
Ah! And it worked well after they started doing that. You are beginning to understand Capitalism for rich white people!
re: #23 Anymouse 🌹🏡😷
I would have to agree with the last. They didn’t buy it on a scheme to lie to people. They bought it because shorting is considered a valid way to use stocks in our dimension, and it shouldn’t be.
re: #23 Anymouse 🌹🏡😷
It appears across every cable network there are stock market gurus talking about how bad this is (that they’re being beaten with their own rules), suggesting things such as prohibiting talking about stock trades on-line (except their own Websites and television shows and such, those would be exempt).
Look at the scurvy dogs of Wall Street run. If I were in charge, I’d regulate everything out of existence that hedge funds traffic in that ordinary investors don’t/can’t.
Moderna vaccine update #5:
I still feel like crap, and I’m very tired. Both of these are expected effects of the vaccine (the handout the VA gave me said this could last up to two weeks, but five days is more typical, it’s been about sixty hours now for me).
My upper arm is less sore than it was, but is still pretty tender. The nausea is gone. The chicken soup my wife made apparently worked.
re: #26 Belafon
I would have to agree with the last. They didn’t buy it on a scheme to lie to people. They bought it because shorting is considered a valid way to use stocks in our dimension, and it shouldn’t be.
This. A ban on short selling is logical, as is a ban of all trading on margin.
re: #25 austin_blue
Ah! And it worked well after they started doing that. You are beginning to understand Capitalism for rich white people!
Heads = they win and tails = I lose.
re: #9 teleskiguy
I’m assuming that’s not her daughter. 😂 She’s good.
re: #31 Patricia Kayden
I’m assuming that’s not her daughter. 😂 She’s good.
I’m at work so I can’t get it working right. What did she say?
re: #32 William Lewis
I’m at work so I can’t get it working right. What did she say?
Pure unadulterated satire.
re: #24 jamesfirecat
They also passed a law to make what happened in Trading Places illegal a few years back (lets not ask why it took them that long to make insider trading in the future’s market illegal).
I know the two events work differently (for one thing Trading places was based around getting the bad guys to try and corner the market on a stock, and then drive its price down, while this time its about the bad guys trying to short shell a stock and then driving the price up) but the two events “rhyme” with each other in my opinion.
Absolutely! Hence my comment that God is an iron.
If you are not familiar with Spider Robinson’s literary creation, please Google it.
An exceptional concept for our modern age.
re: #32 William Lewis
She sarcastically and hilariously defended Marjorie’s crazy/violent comments and behavior — the stalking of a school shooting survivor, the promotion of weird QAnon conspiracies about Secretary Clinton drinking children’s blood and the expression of support for killing Democrats.
re: #30 EPR-radar
Heads = they win and tails = I lose.
Yeppers, that’s been our system since 1980. Which is why since then the top 10% has seen their wealth (not income, their fucking wealth) increase by 300%. For the bottom 50%, their wealth is stagnant. Nada, zippo, nil-by-mouth.
In a choice between hard-working Americans trading stocks & discussing them publicly, & hedge fund assholes secretly trying to harm honest businesses for a profit while contributing NOTHING to the nation (besides occasional financial ruin), I’m with the non-assholes.#GameStop
— Arch (@Arch_LGF) January 28, 2021
re: #18 (((Archangel1)))
From what I saw before it went dark, some discussed not risking money they couldn’t afford to lose, and some mentioned how they were in it for the long haul (considered shares even before it became a “let’s make Melvin suffer” campaign).
While not an expert, based on the fact that many if not most didn’t seem to believe the reports coming out about Melvin supposedly getting out of GameStop shares today, as well as the fact that many folks seem to believe now that WS companies played a part in the Discord & Reddit pages going dark and vowing payback - I don’t think this is over yet.
The Reddit page is back. The reason it went dark was because so many messages were being posted so quickly Reddit’s servers couldn’t keep up.
Posts are still going up so fast they’re having trouble moderating the subreddit.
Wall Street Bets (goes to Reddit)
A mixed UK/US air group, flying from a Royal Navy carrier, escorted by a @USNavy destroyer…what better demonstration of the #SpecialRelationship in action #CSG21 https://t.co/bBn0Q9q8zb
— Commander UK Carrier Strike Group (@smrmoorhouse) January 23, 2021
A/SD Chris Miller & UK Secretary of State for Defence @BWallaceMP signed the #CSG21 Joint Declaration, enabling the deployment of the combined carrier strike group led by @HMSQNLZ. pic.twitter.com/7S05DTQBpt
— Department of Defense 🇺🇸 (@DeptofDefense) January 19, 2021
re: #28 Anymouse 🌹🏡😷
Take care. I’m so pleased you got the shot. <3
I’m so please everyone on this board who has gotten the shot was able to do so.
Goodnight folks.
NEW YORK (AP) — The Sinclair Broadcast Group says it is ending its “America This Week” show with Eric Bolling, which has been criticized for misstatements about the coronavirus pandemic.Sinclair said the show, which has been sent to stations that the company owns in 81 markets across the country, will shut down after this week’s episode “as Eric has decided to pursue other professional opportunities.”
Bolling was sympathetic to former President Donald Trump, who occasionally appeared on “America This Week” for interviews.
Bolling said he was excited about new projects, which include a podcast featuring “fun banter” between him and former NFL quarterback Brett Favre. He also said he’s been discussing another TV possibilities but would give no details.
(more)
Sinclair Broadcasting ends Eric Bolling’s weekly show (Omaha World-Herald, two hours ago)
NEW U.S. prosecutors eye 400 potential suspects, expect sedition charges ‘very soon’ in Jan. 6 Capitol breach. More than 150 have been charged and 135 arrested, as probe examines militia groups and individuals from several states. https://t.co/L3gPyeSrD3
— Spencer Hsu (@hsu_spencer) January 27, 2021
Sounds like they’re going after the people that encouraged the insurrectionists.
Quick update on the GameStop situation from /r/Wallstreetbets pic.twitter.com/ZO5YRQka4l
— Robert Komaniecki (@Komaniecki_R) January 28, 2021
1) Fox has obtained the draft of a letter from House staff which is to be sent to U.S. senators ahead of the impeachment trial of former President Trump. The letter says “our workplace was attacked by a violent mob.”
— Chad Pergram (@ChadPergram) January 27, 2021
3) The aides will tell senators that as Congressional employees, they “don’t have a vote” in the trial. But they request senators “to convict the former President and bar him from ever holding office again.”
— Chad Pergram (@ChadPergram) January 27, 2021
re: #45 Targetpractice
[Embedded content]
As a GenXer, more blame needs to get heaped on us as well.
re: #45 Targetpractice
Hmmm, going broke to own the wall street elites. That feels a lot like buying a pair of nike sneakers just so you can burn them to protest nike.
Just hope there is someone smart at Gamestop who can take advantage of the sudden surge of capitalization to maybe invest in some sort of useful online presence, because they are a dying company otherwise.
The Internet showing up to repossess a hedge fund manager’s house pic.twitter.com/cfgtiHTi5S
— Zack Bornstein (@ZackBornstein) January 28, 2021
Scoop: the Senate Conservatives Fund has rallied to Josh Hawley’s defense, dropping nearly $400k on emails and texts supporting his objection to Biden’s electoral college victory and raising another $310k for his campaign directly https://t.co/P9kNILiMSy
— Lachlan Markay (@lachlan) January 28, 2021
Per data compiled by @robokiller, SCF has sent an estimated two million texts backing Hawley since the Capitol siege https://t.co/P9kNILiMSy
— Lachlan Markay (@lachlan) January 28, 2021
Billionaires gained $3.9 trillion and workers lost $3.7 trillion… but that must just be a coincidence 🙃 pic.twitter.com/4oDZNBYuiF
— Paris Marx ☭ (@parismarx) January 27, 2021
re: #48 danarchy
Hmmm, going broke to own the wall street elites. That feels a lot like buying a pair of nike sneakers just so you can burn them to protest nike.
Just hope there is someone smart at Gamestop who can take advantage of the sudden surge of capitalization to maybe invest in some sort of useful online presence, because they are a dying company otherwise.
That depends.
The whole “our lives, our fortunes, and our sacred honour” line could apply here as well. An awful lot of people have been backed into financial corners over the mechanisations of conservatives and Wall Street working together, especially with the 2017 Tax Scam.
Plus the overwhelming majority of people involved in this aren’t spending life savings on this; they’re only tossing a few bucks in. As is noted repeatedly by people in the Reddit thread, no one should be involved in this with money they can’t afford to lose.
The solution to all this would be to ban short selling if hedge funds were really serious beneath all their whinging and sending PR people out across all TV networks and social media to discourage what’s happening.
If they opposed short selling, they would be opposing their own business model.
Hence calls to ban speech (on Websites they don’t control) about buying or selling stocks, and even suggestions of shutting down the stock market temporarily (which would piss off Redditors even more).
The hedge fund folks are pissed that the wrong people are making money on the stock market and they are being hoisted by their own petard.
Why hasn’t Biden had a public tirade about toilet flushing yet? Is he even a real president?
— Preet Bharara (@PreetBharara) January 28, 2021
The Goya Board of Directors has censored Unanue, but they can’t get rid of him because he’s part of the family that controls the company. But he now has to go through the board to talk to the public, and his Twitter account is gone.
re: #54 Belafon
The Goya Board of Directors has censored Unanue, but they can’t get rid of him because he’s part of the family that controls the company. But he now has to go through the board to talk to the public, and his Twitter account is gone.
I refuse to buy goya, but I hate hurting the factory workers. It really sucks. get rid of the asshole.
re: #52 Anymouse 🌹🏡😷
That depends.
The whole “our lives, our fortunes, and our sacred honour” line could apply here as well. An awful lot of people have been backed into financial corners over the mechanisations of conservatives and Wall Street working together, especially with the 2017 Tax Scam.
Plus the overwhelming majority of people involved in this aren’t spending life savings on this; they’re only tossing a few bucks in. As is noted repeatedly by people in the Reddit thread, no one should be involved in this with money they can’t afford to lose.
The solution to all this would be to ban short selling if hedge funds were really serious beneath all their whinging and sending PR people out across all TV networks and social media to discourage what’s happening.
If they opposed short selling, they would be opposing their own business model.
Hence calls to ban speech (on Websites they don’t control) about buying or selling stocks, and even suggestions of shutting down the stock market temporarily (which would piss off Redditors even more).
The hedge fund folks are pissed that the wrong people are making money on the stock market and they are being hoisted by their own petard.
This is about the best thread I’ve seen so far to explain the situation:
Ok, since a lot of people seem confused, I’ll explain what’s going on with GME.
Brace yourselves. This is gonna be a long thread.— Aaron D. (@MrBrownEyes2020) January 27, 2021
Basically, a bunch of hedge fund assholes have overleveraged themselves majorly out of pure greed, with some rumors that this was a coordinated effort to drive the company’s value down just so that one of those funds could buy it up for cheap (aka “vulture capitalism”). Those hedge funds got found out, they’ve been played at their own game, and now they’re crying foul and are trying to scare the government into bailing their asses out.
re: #55 I Would Prefer Not To
I refuse to buy goya, but I hate hurting the factory workers. It really sucks. get rid of the asshole.
I like La Preferida more anyways. And they’re a Chicago company. :)
re: #57 GlutenFreeJesus
I like La Preferida more anyways. And they’re a Chicago company. :)
It’s really zero sum, I switching one for another. I will try them.
re: #56 Targetpractice
This is about the best thread I’ve seen so far to explain the situation:
[Embedded content]
Basically, a bunch of hedge fund assholes have overleveraged themselves majorly out of pure greed, with some rumors that this was a coordinated effort to drive the company’s value down just so that one of those funds could buy it up for cheap (aka “vulture capitalism”). Those hedge funds got found out, they’ve been played at their own game, and now they’re crying foul and are trying to scare the government into bailing their asses out.
That was great!
— Aaron D. (@MrBrownEyes2020) January 27, 2021
The US government is now warning us about potential violence from grievance-fueled domestic extremists.
Given that a month ago the US government was dispensing the fuel, I’d say that’s some significant progress. https://t.co/30BzRrFsWd— Nick Knudsen 🇺🇸 (@NickKnudsenUS) January 27, 2021
re: #56 Targetpractice
This is about the best thread I’ve seen so far to explain the situation:
Basically, a bunch of hedge fund assholes have overleveraged themselves majorly out of pure greed, with some rumors that this was a coordinated effort to drive the company’s value down just so that one of those funds could buy it up for cheap (aka “vulture capitalism”). Those hedge funds got found out, they’ve been played at their own game, and now they’re crying foul and are trying to scare the government into bailing their asses out.
Know Your Meme has the history of what’s been going on since 2019, when the Game Stop buying started (when the shares were less than one dollar).
Their description pretty much covers everything that’s happened.
who made this pic.twitter.com/iN5nEDIUiI
— Adam Parkhomenko (@AdamParkhomenko) January 28, 2021
re: #62 Anymouse 🌹🏡😷
Know Your Meme has the history of what’s been going on since 2019, when the Game Stop buying started (when the shares were less than one dollar).
Their description pretty much covers everything that’s happened.
Yeah, what I’m seeing over at Fark seems to confirm a running hypothesis that what’s driving the hedge fund crowd nuts about all this is that the tactics are nothing new, it’s that the people who are preparing to burn them to the ground are doing for the lulz. And that such motivation pretty much defangs a lot of the usual tactics they might use to put a stop to such, like getting the SEC to look into the whole thing as a “pump and dump” scheme or trying to get the NYSC to put a temporary hold on trade of GS stock while an investigation is conducted.
re: #64 Targetpractice
Yeah, what I’m seeing over at Fark seems to confirm a running hypothesis that what’s driving the hedge fund crowd nuts about all this is that the tactics are nothing new, it’s that the people who are preparing to burn them to the ground are doing for the lulz. And that such motivation pretty much defangs a lot of the usual tactics they might use to put a stop to such, like getting the SEC to look into the whole thing as a “pump and dump” scheme or trying to get the NYSC to put a temporary hold on trade of GS stock while an investigation is conducted.
It doesn’t strike me as being done for the lulz. People are pissed at the hedge funds trying to kill a business they value.
And that includes some big fish like Elon Musk because those big fishies also hate hedge funds because they fuck with businesses, including the ones the fishies own.
It’ll vary depending on when they originally purchased, but there’s a very important maxim in stock trading:
The market can stay irrational longer than you can stay solvent— Orman (@LizardOrman) January 28, 2021
re: #65 Yeah Sure WhatEVs
It doesn’t strike me as being done for the lulz. People are pissed at the hedge funds trying to kill a business they value.
And that includes some big fish like Elon Musk because those big fishies also hate hedge funds because they fuck with businesses, including the ones the fishies own.
And now that I understand what’s going on, I’m with the fishies, big and small.
Bernie Sanders’ mittens, memes help raise US$1.8M for charity https://t.co/xWTdLcrrAW pic.twitter.com/lc8WP0LH6k
— CTV News (@CTVNews) January 28, 2021
re: #65 Yeah Sure WhatEVs
It doesn’t strike me as being done for the lulz. People are pissed at the hedge funds trying to kill a business they value.
And that includes some big fish like Elon Musk because those big fishies also hate hedge funds because they fuck with businesses, including the ones the fishies own.
That’s what I’m really getting at: the hedge fund guys who are about to lose their asses on this don’t see a coordinated effort to put them in the poor house as anything other than “irrational.” Many are outright declaring it “illegal” and screaming for the federal authorities to step in to save them from the consequences of their own greed. To them, it’s “just business” when they kill a company just so they can sell off the assets for a quick buck. Purposefully driving up stock value to kill a hedge fund? That’s just not done.
Just a boy and his porcupine pic.twitter.com/PjEKRxUM8y
— The Feel Good Page ❤️ (@akkitwts) January 28, 2021
My latest: In Nov., Florida voters overwhelmingly approved a $15-per-hour minimum-wage increase. Now, Florida lawmakers are already trying to kneecap the proposal by exempting teens and the current and formerly incarcerated from the new minimum wage. https://t.co/vi4Ktt877f
— Jerry Iannelli (@jerryiannelli) January 28, 2021
re: #66 Anymouse 🌹🏡😷
It’ll vary depending on when they originally purchased, but there’s a very important maxim in stock trading:
The market can stay irrational longer than you can stay solvent
In 1998 the world economy was almost destroyed by a hedge fund that ignored that maxim, Long Term Capital Management. Unfortunately it seems that nothing has been done to prevent a recurrence. After all, even if the United States established rules to limit the risk here, these funds can be headquartered anywhere in the world. There may be financial experts who could design a system to limit the activity of hedge funds but it would require coordination throughout the world for successful implementation — and that doesn’t seem likely to be occurring any time soon.
re: #70 Yeah Sure WhatEVs
Always pet a porcupine with the grain.
re: #72 FormerDirtDart 🍕🐀 No Capt’n😷Trips
[Embedded content]
How about we exempt republican politicians.
re: #72 FormerDirtDart 🍕🐀 No Capt’n😷Trips
GOP: “There’s no need to raise the minimum wage because the only people who earn it are teenagers and people just starting out in the workplace.”
Also GOP: “Teens don’t need that money anyway.”
re: #72 FormerDirtDart 🍕🐀 No Capt’n😷Trips
[Embedded content]
They did this to the 2018 Florida referendum that restored voting rights to former felons. Republicans do not like democracy.
re: #77 Hecuba’s daughter
They did this to the 2018 Florida referendum that restored voting rights to former felons. Republicans do not like democracy.
Republicans don’t like people of color.
Here’s video I found of Marjorie Taylor Greene ranting at David Hogg again, this time in the hallways of a House Office Building. Greene’s rant is then drowned out by loud chants of “enough is enough” from March for Our Lives supporters. What Greene says is beyond disturbing. pic.twitter.com/avaJ1xvrWc
— Scott Dworkin (@funder) January 28, 2021
After RTFA, it seems to be more of a “Fark the Poor” initiative, with the asshat Repub responsible for the bill spending his time arguing that the people he wants to carve out of the increase are “hard-to-hire” groups that businesses will be less willing to take chances on if the minimum wage increases to $15/hr.
You know, the usual “pro-business” BS about how businesses won’t hire if you raise the cost of labor “more than the market will bear,” so keeping it low is better for everybody because “Nobody earns the minimum wage for long, they all get that first raise after a few months!,” ignoring that that “first raise” is generally a few cents above minimum and will stay that way for a year or longer.
Mwa.Ha ha.Ha ha.
Oh my God short-sellers lost $14.3 billion on GameStop stock. Today.
— Joshua Potash (@JoshuaPotash) January 28, 2021
Reading through Fark and it’s just amazing how many people don’t quite get the motivation of the GS short squeeze. They’re either screaming that it’s a “pump and dump” and the SEC should get involved to shut it down or they’re sneering that the hedge funds will manage to avoid bankruptcy by borrowing enough to cover their losses while all those who participated will be left with “worthless stock.”
These must be the sort of folks who were left practically catatonic by the end of The Dark Knight, totally unable to understand why the Joker burned those pallets of money when he could have invested it all and lived like a king instead.
More from McCarthy: “You elected me your leader, you can pull me out. But I’ll tell you one thing that’s going to happen. I’m not going to sit back and watch us lose. I’m not going to sit back and watch us make self-inflicted wounds either.”
— Melanie Zanona (@MZanona) January 27, 2021
and @dfriedman33 got his hands on the anti-Cheney campaign message that is going around >> https://t.co/0UJulYfVks
— Melanie Zanona (@MZanona) January 27, 2021
An investigation of the shady Russian hoster of Parler.
#BREAKING China warns US against ‘politicising’ @WHO virus probe pic.twitter.com/Jm14bxj2fI
— AFP News Agency (@AFP) January 28, 2021
re: #84 Dread Pirate Ron
Kev has found himself in the same spot that John and Paul did: Trying to command a pack of unruly children who are arguing over who’s to blame for their election losses. He needs to tread carefully, lest he find himself choosing between resignation and a pink slip.
re: #87 Targetpractice
Kev has found himself in the same spot that John and Paul did: Trying to command a pack of unruly children who are arguing over who’s to blame for their election losses. He needs to tread carefully, lest he find himself choosing between resignation and a pink slip.
For John Boehner, was it election losses or just trying to get the unruly children to agree on what’s best for the country, when a faction is determined to undermine every policy that he supports? McCarthy fears that Scalise, David Duke’s spiritual twin, will be leading the party if he gives up. But McCarthy has long abandoned any principles he may ever have had.
re: #88 Hecuba’s daughter
For John Boehner, was it election losses or just trying to get the unruly children to agree on what’s best for the country, when a faction is determined to undermine every policy that he supports? McCarthy fears that Scalise, David Duke’s spiritual twin, will be leading the party if he gives up. But McCarthy has long abandoned any principles he may ever have had.
It was really a little bit of both. The TPer wave that made him Speaker in 2011 had never really been happy with him in charge and what started the souring of their relationship with him was when word got out that he was secretly working on a tax-and-cuts deal while the TP caucus on Capital Hill was threatening to burn the whole country down unless “entitlements” were gutted. Romney losing the following year was blamed (in part) on him and his refusal to blow up the economy to ruin Obama rankled them. The final straw was the leadership challenge in response to his pushing a continuing resolution that included funding for Planned Parenthood.
re: #82 Targetpractice
Reading through Fark and it’s just amazing how many people don’t quite get the motivation of the GS short squeeze. They’re either screaming that it’s a “pump and dump” and the SEC should get involved to shut it down or they’re sneering that the hedge funds will manage to avoid bankruptcy by borrowing enough to cover their losses while all those who participated will be left with “worthless stock.”
These must be the sort of folks who were left practically catatonic by the end of The Dark Knight, totally unable to understand why the Joker burned those pallets of money when he could have invested it all and lived like a king instead.
One thing that people should understand here, is that shorting stocks has theoretically unlimited downside. If you short stock when the price is $10/share, and it goes up to $100/share, you lose $90/share when you close out and buy the stock. If it goes up to $1000/share, you lose $990/share. If the stock goes to zero, however, you make the maximum of $10/share.
You’re also borrowing the shares from somebody (a brokerage), who by law needs collateral, or you as the short can just shrug, go bankrupt, and walk away without buying back the stock. When the price of the stock goes up, the brokerage will, by law, demand more collateral (a margin call). So now you have to keep feeding cash to the brokerage to keep your short position open (otherwise, if you miss it the brokerage will force-buy the stock using the collateral and close you out). I’m surprised that there can be more than 100% of the outstanding stock shorted, but I’d welcome a finance guy to explain that part.
So it’s a dangerous game with limited upside and unlimited downside, where when things go bad you have to feed precious cash into the beast if things start going bad (that you borrowed? uh oh). These hedgies thought they were smarter and ballsier than everyone else, got fucked, and now are whining about how everyone is so mean to them and the government should bail them out. Sad!
re: #82 Targetpractice
These must be the sort of folks who were left practically catatonic by the end of The Dark Knight, totally unable to understand why the Joker burned those pallets of money when he could have invested it all and lived like a king instead.
Money is government debt. Think of banknotes as IOUs. If you had issued a big pile of IOUs and got value in return (renting or purchasing property, buying food, electricity, paying workers etc.) and someone burnt those IOUs rather than trading them around as people do with banknotes you’d be ecstatic since you’d never have to pay back the value they represent.
This is huge. Watch for the same thing to happen with the proud boys and Jan 6. https://t.co/cIXCkT2bQi
— a different darth (@darthstar99) January 28, 2021
re: #90 ericblair
One thing that people should understand here, is that shorting stocks has theoretically unlimited downside. If you short stock when the price is $10/share, and it goes up to $100/share, you lose $90/share when you close out and buy the stock. If it goes up to $1000/share, you lose $990/share. If the stock goes to zero, however, you make the maximum of $10/share.
then it starts to make sense to short stocks that are already higher in value than a piddling $10
re: #90 ericblair
I’m surprised that there can be more than 100% of the outstanding stock shorted, but I’d welcome a finance guy to explain that part.
From reading the Fark thread (which means I’m an armchair expert at best), my understanding is that these were short positions that were taken at different points in time. Meaning that theoretically, as a person doing the shorting, you could have short positions on the same share of stock, just timed differently.
re: #93 darthstar
I watched an excellent WSJ piece on youtube showing the Proud Boy terrorist organization led and directed the assault on the Capitol, using video taken by the Proud Boys themselves. They need to be rounded up and indicted on the heaviest felony charges available. Just heard on Morning Joe that Oathkeepers terrorists facing serious prison time for their role in the coup.
re: #94 Wendell Zurkowitz ((slave to the waffle light))
then it starts to make sense to short stocks that are already higher in value than a piddling $10
Doesn’t matter, really: you can short a million shares of a stock at $10 each or ten thousand shares at $1000 each and it works out the same. The stock price can’t go below zero but can go arbitrarily high.
There are options that can do something similar: instead of borrowing a stock, you buy put options that allow you to sell a stock for a certain strike price in the future. The put option is a contract that allows you, but does not force you, to sell a set of 100 shares of the stock to the issuer at a given date in the future.
So, if I buy one put option for a stock with strike price of $100 with expiration date of 1 April, and the stock price at the end of March is $10, then I can buy a hundred shares of the stock and make the issuer pay $100 for each of them, making me $99 thousand. But, if the stock price is $200 at the end of March, I can toss the contract away and don’t owe anybody anything. Obviously the price of the put contract depends on what the expected stock price will be, and they can be freely traded, so usually people don’t end up exercising them but just trading them around until the expiry date. However, the most you can ever lose is the price of the option.
There are a bunch of technical and financial differences between short selling and buying puts, and it ties you to an expiry date, so it’s not quite the same thing, but you’re not going to be clobbered by a short squeeze.
re: #97 ericblair
There are options that can do something similar: instead of borrowing a stock, you buy put options that allow you to sell a stock for a certain strike price in the future. The put option is a contract that allows you, but does not force you, to sell a set of 100 shares of the stock to the issuer at a given date in the future.
We need to recognize that these “financial products” are basically a legalized form of gambling and regulate them like casino games rather than as financial market transactions.
I know this GameStop stuff is funny, but you have to remember this is hurting real people who own multiple boats
— Kevin Farzad (@KevinFarzad) January 27, 2021
re: #98 Wendell Zurkowitz ((slave to the waffle light))
We need to recognize that these “financial products” are basically a legalized form of gambling and regulate them like casino games rather than as financial market transactions.
This is baby stuff, and when we’re talking about $2 billion with the Gamestop nonsense, it’s worth keeping in mind that the total US stock market capitalization is around $50 trillion. In 2008, it was all sorts of weird synthetic products (like risk slices of mortgages Frankensteined together) that were “worth” trillions that caused major catastrophes.
Options are tools that can limit risk, say, if you want to buy a significant percentage of a company, but want to limit your downside by buying puts on that same stock so you can get rid of it if things go south and not lose your shirt. That’s what hedging is supposed to be about.
However, current hedge funds more often than not are simply lightly regulated betting windows that allow “sophisticated” investors to bypass a lot of limitations on normal investment funds. I figure if you want to run a hedge fund, you should need a gaming license to do it (and a lot of these jackasses would probably never be able to get one).
MarketWatch: Let me get this straight. You think killing those short selling hedge funds is funny?
WSB: I do. And I’m tired of pretending it’s not.— $1000 LINK or bust (@YourPalVic) January 27, 2021
re: #98 Wendell Zurkowitz ((slave to the waffle light))
Traditionally, futures were for commodities producers (farmers, mining companies) to give them a way to counter the uncertainties inherent in their industries. It’s only “gambling” in the sense that producers know they have uncertainty in their future and want to find a way to spread their risk around.
With the invention of options, this allowed a second level of abstraction, where one is paying a price for the right to buy (or sell) something in the future to somebody. This is a form of gambling, yes, but one with known prices (whatever it costs to buy a put or call.) It’s akin to me buying a lottery ticket - I know it costs me $2 per play, regardless of whatever value the piece of paper may gain during the draw.
Neither futures or options have the slime factor that later more abstract derivatives engendered.
Going short (on a stock or commodity) is very risky as you don’t know how high a price something may achieve. Options are safer but also less likely to make one a lot of money.
re: #102 Love-Child of Cassandra and Sisyphus
I was just saying that some “financial products” are mere speculative gambling. Like two guys betting on which elevator will open next…
re: #103 Wendell Zurkowitz ((slave to the waffle light))
I guess some of the younger generation have never seen an investment gamble crash and burn. These sort of things happened all the time in years gone by, but in the past decade or so the idea that the stock market is some sort of magic machine that only makes money appears to have crept into the mind of some of the youngsters.
re: #103 Wendell Zurkowitz ((slave to the waffle light))
I was just saying that some “financial products” are mere speculative gambling. Like two guys betting on which elevator will open next…
Or which escalator the old lady is going to fall down.
re: #103 Wendell Zurkowitz ((slave to the waffle light))
I was just saying that some “financial products” are mere speculative gambling. Like two guys betting on which elevator will open next…
I’d say that the real problems are the ones that are opaque (you can’t really tell what it is or how it works), and highly leveraged (you can gain or lose many times the amount you put into it). The opaque ones can hide a lot of risk and self-dealing, and the leveraged ones mean you can blow up more than just your august self when you screw around.
A good, very readable book on this is The Big Short by Michael Lewis (there’s also a movie but saw it a long time ago and don’t remember it). The book lays it out quite well in all its insanity.
re: #106 ericblair
The movie was a masterpiece, using off-the-wall scenarios to make finance interesting.
re: #104 Love-Child of Cassandra and Sisyphus
I guess some of the younger generation have never seen an investment gamble crash and burn. These sort of things happened all the time in years gone by, but in the past decade or so the idea that the stock market is some sort of magic machine that only makes money appears to have crept into the mind of some of the youngsters.
It does on a regular basis, even with people who have seen it crash and burn before…just like dating.
Which is why we need some degree of regulation.
I use the analogy of traffic lights, which on one hand restrict our freedom of movement until the roads gridlock and we need to get traffic cops out to untangle things…
I think the difference between the Reddit buyers and the hedge fund managers is that the Reddit buyers are actually buying the stock, where as hedge funds promise to buy them later. And you can do whatever you want with your money.
re: #101 sagehen
aG3YjuA87+Ebe+VDOxibTYuz5ulFO/T/+GSHjS6P8IWHQpd6gyKIqe5rNfObdU/ywvCO1gU//giXYLWJ6Rm1kwxrqQOe6zyBOUVOYVIXh/XlliSYcAS6UNW5rjx9xaNUqPLxewfYLyCNyLh9ZR+m+VbPYQQVLvx0gVwWXDfAOOSw/oJQmiMzQ4LS+SR5160rGK8Y1YVK3yjEHQI9w2ns0hdUQxDBLoAFNDTWq1EVI84smJukSYDJLW6jPbxDsjsiRXQu4wbQwQxn048Nh291zHMSIm6Tn3YPrVlihOSjj7ka6Lz6p04KUnevM6t1vENbbxfgLw9csr9W8+MJP70BvTfMzol56K6H4a/Alyj6RPc91trQK1Myrn2rvNwhJELGBxwaGuGHLMBAdOhWkWiRiYjRelUC5f0eWS+EGvHMprq4VUUZqBAcZqlAPGNZrz+vfsGdHzk+hVQ=
The span of Republican moral turpitude makes it even worse:
Republicans have attacked Liz Cheney, Mitt Romney and Cindy McCain while fully supporting Lauren Boebert and Marjorie Taylor Greene
— Philip Germain (@Philip_Germain) January 28, 2021
Game stop futures are up another 20% . Wild.
re: #112 I Would Prefer Not To
Cripes!
Hedge fund investors must be sweating. So much damage.
I did some research on who the investors are, generically:
To invest in hedge funds as an individual, you must be an institutional investor, like a pension fund, or an accredited investor. Accredited investors have a net worth of at least $1 million, not including the value of their primary residence, or annual individual incomes over $200,000 ($300,000 if you’re married).
Disclosure, I am not a hedge fund participant.
re: #92 Nojay UK
Money is government debt. Think of banknotes as IOUs. If you had issued a big pile of IOUs and got value in return (renting or purchasing property, buying food, electricity, paying workers etc.) and someone burnt those IOUs rather than trading them around as people do with banknotes you’d be ecstatic since you’d never have to pay back the value they represent.
What will really bake your noodle is if you take the galactic currency and change its value from 1 to zero. You will cause the government to collapse. /Rick Sanchez.
Yesterday Game Stop and today…AMC Theaters!
re: #118 🌹UOJB!
I am hoping the damage is contained to the 1%
I am waiting to hear how the 99% are going to be screwed by all of this.
re: #117 🌹UOJB!
Wait a second!
Mike Pence and Mommy are…HOMELESS???????
They are not economically homeless, just hiding out and reaping the ideological whirlwind they helped sow.
I have little problem with the thought of that pasty white motherfucker being hoist by his own petard.
re: #83 Dread Pirate Ron
I get upset when I lose $20.
The beauty of this is that it’s burning down the people who deserve it. Hedge funds don’t exist just because they can. They exist because they’ve promised people with way more money than sense that they can generate percentage returns annually that can’t be gotten through normal channels, like with your typical broker, or through bonds. And lots of them are closed to the madding crowd, for instance, and lock up investor money for long periods of time, under the philosophy that the market is moody, and the hedge fund can’t successfully operate if people keep pulling their money out every time things look a little dicey. So there are a large number of very wealthy people who are fixing to get badly, badly burned here.
re: #118 🌹UOJB!
Ok, so who benefits from this weird shit?
I get the basic premise of having a stock market. It’s supposed to allow companies to raise funds for growth, development and expenses. But what seems to happen mostly is the money made gets hoarded and bare minimums are spent on actual business expenses. Which defeats the purpose of the stock market, IF it was supposed to be a way for companies to do better for their employees and customers. Which it’s not.
I do not understand this stuff, but it seems like we need a lot more laws, enforceable ones, to keep the market in check. I have no money in the markets, we lost everything we had in 07 and 08 when the market took a dump. We never recovered. I’m 60, husband is 54 and disabled. People like us, what do we do?
re: #122 jeffreyw
[Embedded content]
Good morning!
“Now it’s past my bed I know
And I’d really like to go
Soon will be the break of day
Sitting here in Blue Jay Way”
I am enjoying following the GameStop story and new threads around hedge fund shorting.
It is a lot better than following the impending demise of America over the past four years
The latest from @AnnTelnaes: The GOP leadership is making no effort to distance the party from a former president who tried to subvert and overturn an election https://t.co/4nJD6I6unZ
— Washington Post Opinions (@PostOpinions) January 28, 2021
re: #90 ericblair
One thing that people should understand here, is that shorting stocks has theoretically unlimited downside. If you short stock when the price is $10/share, and it goes up to $100/share, you lose $90/share when you close out and buy the stock. If it goes up to $1000/share, you lose $990/share. If the stock goes to zero, however, you make the maximum of $10/share.
You’re also borrowing the shares from somebody (a brokerage), who by law needs collateral, or you as the short can just shrug, go bankrupt, and walk away without buying back the stock. When the price of the stock goes up, the brokerage will, by law, demand more collateral (a margin call). So now you have to keep feeding cash to the brokerage to keep your short position open (otherwise, if you miss it the brokerage will force-buy the stock using the collateral and close you out). I’m surprised that there can be more than 100% of the outstanding stock shorted, but I’d welcome a finance guy to explain that part.
So it’s a dangerous game with limited upside and unlimited downside, where when things go bad you have to feed precious cash into the beast if things start going bad (that you borrowed? uh oh). These hedgies thought they were smarter and ballsier than everyone else, got fucked, and now are whining about how everyone is so mean to them and the government should bail them out. Sad!
They’re shorting naked, I would guess. It’s illegal as hell, but hey, they’re hedge funds, which means they’re probably offshore somewhere anyway.
1st they came for the gamers, called it Gamergate and I said nothing because lol.
2ndly they came for Democray itself and the US Capitol building and I did nothing because of, ya know, unity.
3rdly they came for the Hedgefunds AND SOMETHING HAS TO BE DONE ABOUT IT!!!
//
No investment is safe. Sitting on cash is a guaranteed loss since inflation eats away the value of that cash. Long term investment in a stock index fund is the best choice for someone with decades remaining. Trying to base buying/selling decisions on rational thought doesn’t work reliably because as smart as you might be about “value”, what matters is what other people think the value is (or if they are gambling”.
For example, what to do about GME. It is clear that it will go up until I decide to buy, and that is when it will go down!
re: #130 BlueSpotinAL
No investment is safe. Sitting on cash is a guaranteed loss since inflation eats away the value of that cash. Long term investment in a stock index fund is the best choice for someone with decades remaining.
This is also fueled by interest rates that are so low that they do not match inflation. People with lots of cash are looking around feverishly for any way to invest their money more profitably.
re: #130 BlueSpotinAL
No investment is safe. Sitting on cash is a guaranteed loss since inflation eats away the value of that cash. Long term investment in a stock index fund is the best choice for someone with decades remaining. Trying to base buying/selling decisions on rational thought doesn’t work reliably because as smart as you might be about “value”, what matters is what other people think the value is (or if they are gambling”.
For example, what to do about GME. It is clear that it will go up until I decide to buy, and that is when it will go down!
That’s my thought. I would’ve loved to have gotten in on the ground floor of this whole kerfuffle, but now that the price is artificially inflated, the second I try to trade on it, it’ll crash and I’ll lose whatever I put into it.
re: #23 Anymouse 🌹🏡😷
[snip]
It appears across every cable network there are stock market gurus talking about how bad this is (that they’re being beaten with their own rules), suggesting things such as prohibiting talking about stock trades on-line (except their own Websites and television shows and such, those would be exempt).
Seems like a situation where the fuckers become the fuckees.
Game stop is down at the open. When a stock goes up too much for no reason you invite others to short it. I don’t see it going up in the near future.
Stank Weasels!!!!
Stink Weasels Flooffing. pic.twitter.com/Ram8N3DDPw
— And The Wind Cries: ” ” (@DaveoutofAustin) January 28, 2021
Even my conservative coworker is enjoying what is happening to these hedge fund managers.
re: #130 BlueSpotinAL
No investment is safe. Sitting on cash is a guaranteed loss since inflation eats away the value of that cash. Long term investment in a stock index fund is the best choice for someone with decades remaining. Trying to base buying/selling decisions on rational thought doesn’t work reliably because as smart as you might be about “value”, what matters is what other people think the value is (or if they are gambling”.
For example, what to do about GME. It is clear that it will go up until I decide to buy, and that is when it will go down!
And “value” is unrealized until you sell the investment. It’s all paper profit until that moment.
Biden’s Executive Order strategy this week seems to have come straight from these lawn signs; a ubiquitous presence in liberal DC-area neighborhoods pic.twitter.com/rqs42nWYMq
— amy walter (@amyewalter) January 27, 2021
re: #131 Wendell Zurkowitz ((slave to the waffle light))
This is also fueled by interest rates that are so low that they do not match inflation. People with lots of cash are looking around feverishly for any way to invest their money more profitably.
And dividends or bonds as a real alternative to investing on changes in stock values are a lot weaker than they were 20-40 years ago.
Jeff Zients confirms Biden has changed policy & no longer keeps a fed stockpile of COVID vaccines. They send to states ASAP.
Andy Slavitt answering my Q said, “We do not keep a stockpile…We keep a 2 to 3 day supply as a practice. That’s it. The rest moves out to states.”— Yamiche Alcindor (@Yamiche) January 27, 2021
.@DrewAltman lays out a timeline in his latest column of how many vaccinations are needed—and by when—to reach herd immunity.
To vaccinate 70% of U.S. population by:
July 4 = 2.4M doses/day
Labor Day =1.9M doses/day
Jan. 1, 2022 =1.2M doses/dayhttps://t.co/DcQq1oFACx pic.twitter.com/9RT84Zijy4— KFF (Kaiser Family Foundation) (@KFF) January 26, 2021
re: #111 Ming5000
The span of Republican moral turpitude makes it even worse:
[Embedded content]
the trend of where its going
Republicans have attacked Liz Cheney, Mitt Romney and Cindy McCain while fully supporting Lauren Boebert and Marjorie Taylor Greene
— Philip Germain (@Philip_Germain) January 28, 2021
re: #132 O say, does that Star Spangled Banner yet wave..
That’s my thought. I would’ve loved to have gotten in on the ground floor of this whole kerfuffle, but now that the price is artificially inflated, the second I try to trade on it, it’ll crash and I’ll lose whatever I put into it.
Which is the massive positive value of insider trading information. If you get the news on the hot market in advance of the general public you get into it at the bottom of the curve instead of being a joiner at a point where the profit margin is lower and the risk of price dropping out from under you is increasing; e.g. the joiners are pretty much paying off the insiders as they dump some of their early and cheaply acquired stock as some early profit-taking.
The Biden administration has a Covid data director who is opening up information that was not available to the public—or to public health authorities, or to scientists.
Here is his first post. This is huge. https://t.co/AIiLSGYgg4— Carl T. Bergstrom (@CT_Bergstrom) January 27, 2021
A global analysis suggests COVID19 is already a seasonal infectious disease, even though we’re still in a pandemic. A new paper in Evolutionary Bioinformatics shows COVID cases & mortality are correlated w/ temperature and latitude across 221 countries https://t.co/GC3oc4JM69 pic.twitter.com/QBCw6CYo2s
— delthia ricks 🔬 (@DelthiaRicks) January 28, 2021
You need both shots:
WARNING: If you’ve had 1 dose of #COVID19 #vaccine you likely are NOT protected against infection. Israel compared 200K citizens who were 1-dose vaxed to 200K not vaxed & diff in infection rates was only 30%.
You need that 2nd dose, folks. Wear your 😷😷😷https://t.co/Rwh4NpVrJ9— Laurie Garrett (@Laurie_Garrett) January 27, 2021
Israeli Prime Minister Benjamin Netanyahu has traditionally counted on the political support of his ultra-Orthodox allies. But the community has been flouting Netanyahu’s anti-coronavirus measures, threatening his re-election hopes. By @joseffederman. https://t.co/wqQMZRZisx
— AP Middle East (@APMiddleEast) January 28, 2021
Tanzania’s president for months insisted COVID-19 had been defeated in his country. Now he accuses people who have been vaccinated of bringing new infections. https://t.co/2VtRbCaSSy
— AP Africa (@AP_Africa) January 27, 2021
Two things happening with COVID data
1. Infections falling across U.S., down about 33% from two wks ago
2. Deaths are climbing — because they lag infections. Will likely peak in 7-8 days
Nonetheless, things are improving and race now is between vaccinations and variants https://t.co/nc393UDMjg— Ashish K. Jha, MD, MPH (@ashishkjha) January 27, 2021
re: #144 Belafon
I started looking through the data from the link in that first tweet. Holy shit, the information available is tremendous - and very damning of the Trump Administration, that they had all this data, were sitting on it, and were actively avoiding taking any action on it.
re: #145 Belafon
Infection rates are down in Germany for the first time in months, but they are remaining under lockdown until at least Feb. 14.
Dear Alabama:
See what happens when you fire Doug Jones and hire an ASSHOLE to replace him?
Tommy’s got some ‘splaining to do… https://t.co/X6Vw6NlIYM
— Katie Phang (@KatiePhang) January 28, 2021
In the time I took to tweet that, it’s now 14% pic.twitter.com/m2N8b8Qitu
— Helen Kennedy (@HelenKennedy) January 28, 2021
re: #147 Wendell Zurkowitz ((slave to the waffle light))
Infection rates are down in Germany for the first time in months, but they are remaining under lockdown until at least Feb. 14.
One thing that’s impressed me, looking at the data, is that Democrat-led Minnesota appears to be leading the country in fighting the disease. We had a bad time with the Thanksgiving-Christmas holiday season, but the follow-on executive orders - and our state Republicans’ inability to revoke them or fight them effectively - have brought us almost all the way back to where we were pre-holidays.
The same people who scream about free market capitalism shut it down the second they start losing.
Now 20%. Still not 10 am. pic.twitter.com/qybKP1R9Qg
— Helen Kennedy (@HelenKennedy) January 28, 2021
re: #110 Ming5000
[Embedded content]
ptrSwodR+RLF9r9khAeCnF4C4yKBltCM5OlYwbT1EtK1AlKRRQDx+jUHrassevVcm34fUC/kjVTujl9R4nElBeoGQNq4hBqq
re: #150 O say, does that Star Spangled Banner yet wave..
One thing that’s impressed me, looking at the data, is that Democrat-led Minnesota appears to be leading the country in fighting the disease. We had a bad time with the Thanksgiving-Christmas holiday season, but the follow-on executive orders - and our state Republicans’ inability to revoke them or fight them effectively - have brought us almost all the way back to where we were pre-holidays.
Germany made a big mistake last year at the end of February, just as things were starting to spread, and allowed public Karneval parades and celebrations, which ensured that the disease would take off like mad all over Southern and Western Germany.
re: #59 Yeah Sure WhatEVs
That was great!
I have the perfect soundtrack for that pic:https://t.co/k63vf7KZZV
— 🐄 Teo 🐄 (@Teukka72) January 28, 2021
Too on-the-nose?
re: #76 Targetpractice
GOP: “There’s no need to raise the minimum wage because the only people who earn it are teenagers and people just starting out in the workplace.”
Also GOP: “Teens don’t need that money anyway.”
And also kids, get a job to help pay for exorbitant college prices you lazy fucks.
re: #130 BlueSpotinAL
No investment is safe. Sitting on cash is a guaranteed loss since inflation eats away the value of that cash. Long term investment in a stock index fund is the best choice for someone with decades remaining. Trying to base buying/selling decisions on rational thought doesn’t work reliably because as smart as you might be about “value”, what matters is what other people think the value is (or if they are gambling”.
Land is generally a safe investment. Because, y’know, they aren’t making any more of it.
And if that land has a house on it…. then even if it becomes less valuable, you’ll still have roof overhead.
Not sleight of hand so much as policy over campaign slogan. The media are too easily given to adopting campaign slogans as policy positions because they don’t want their viewers to have to think.
— a different darth (@darthstar99) January 28, 2021
Eastern Phoebe ( It’s the local stray cat beggin for food) pic.twitter.com/H87XrZtGIj
— And The Wind Cries: ” ” (@DaveoutofAustin) January 28, 2021
re: #157 sagehen
Land is generally a safe investment. Because, y’know, they aren’t making any more of it.
“Hold my Heineken,” says the Dutchman…
re: #155 Teukka
[Embedded content]
Too on-the-nose?
There are hedge fund managers watching this right now just waiting for the right moment to short this stock. They’ll make a mint when it crashes.
Apparently Mike and Karen Pence are couch surfing in Indiana. Did they sell their home when he became VP thinking it was a lifetime appointment?
Oh, and fuck them.
re: #161 darthstar
There are hedge fund managers watching this right now just waiting for the right moment to short this stock. They’ll make a mint when it crashes.
Isn’t that assuming that someone would take the contract on the short? (Which to me would be something almost suicidal to do since it’s obvious to any rational actor that the stock’s price is being propped up via irrational action.)
re: #162 darthstar
Apparently Mike and Karen Pence are couch surfing in Indiana. Did they sell their home when he became VP thinking it was a lifetime appointment?
Oh, and fuck them.
From the article, it appears he sold it some time after becoming Governor of Indiana. I’m not quite sure why he would do this. There is some idle speculation that the reason he hasn’t immediately purchased a new residence is because he’s staying on the run from Trump supporters who still want to see him hanged or shot.
re: #162 darthstar
Apparently Mike and Karen Pence are couch surfing in Indiana. Did they sell their home when he became VP thinking it was a lifetime appointment?
Oh, and fuck them.
Hasn’t owned a home in 10 years. Governor’s mansion to VP residence…guess he thought living in public housing was enough. https://t.co/phetUc6CRf via @MailOnline
— a different darth (@darthstar99) January 28, 2021
re: #164 O say, does that Star Spangled Banner yet wave..
From the article, it appears he sold it some time after becoming Governor of Indiana. I’m not quite sure why he would do this. There is some idle speculation that the reason he hasn’t immediately purchased a new residence is because he’s staying on the run from Trump supporters who still want to see him hanged or shot.
Attempting to give a fuck……..Nope. Can’t do it.
re: #164 O say, does that Star Spangled Banner yet wave..
From the article, it appears he sold it some time after becoming Governor of Indiana. I’m not quite sure why he would do this. There is some idle speculation that the reason he hasn’t immediately purchased a new residence is because he’s staying on the run from Trump supporters who still want to see him hanged or shot.
He’s just used to living rent free.
re: #162 darthstar
Apparently Mike and Karen Pence are couch surfing in Indiana. Did they sell their home when he became VP thinking it was a lifetime appointment?
Oh, and fuck them.
On one hand they’re likely hiding out from the trumpers who want to kill him. On the other hand, oh well. ¯\_(ツ)_/¯
re: #162 darthstar
Apparently Mike and Karen Pence are couch surfing in Indiana. Did they sell their home when he became VP thinking it was a lifetime appointment?
Oh, and fuck them.
The article indicates that they are also playing it safe because of threats made against him.
Let them lie in the bed they helped make. Or on the sofa…
There aren’t Trumpers who want to kill Mike Pence. That was a one day thing and nearly everyone on tape saying “Hang Mike Pence” is now telling the FBI they didn’t really mean it, except as a term of endearment, and can they please be home by Valentine’s day.
Trump’s popularity is falling as fast as the real estate values on his branded properties. He’ll be a nothing in a few months.
re: #169 Wendell Zurkowitz ((slave to the waffle light))
The article indicates that they are also playing it safe because of threats made against him.
Let them lie in the bed they helped make. Or on the sofa…
I hope his brother’s kids enjoy playing with his Secret Service detail.
re: #124 A Mom Anon
If the US:
1) taxed short term capital gains at a more responsible rate (i.e., higher than it is now), and
2) officers of corporations were not allowed to engage in anything other than holding or selling stocks (currently all a company officer has to do is report transactions they may do),
… then the stock market would be less a gambling pit and more a long term investment into companies.
Word.
Louie Gohmert must be so relieved to no longer be the stupidest fucking moron in the Republican party
— Jeff Tiedrich (@itsJeffTiedrich) January 28, 2021
re: #142 Dangerman
at this point I have yet to hear any pundits or editors openly ask a very important questions:
What do you do when 35%-47% of the country does not want to live in a democracy and instead votes for policies and candidates hostile to democracy?
What happens if these people want to build an autocracy cementing their own class and social pecking order in a rapidly diversifying country?
Can a modern country survive with a large subset of the population hostile to and violently fighting against institutions and principles of the Age of Enlightenment?
When do CNN and MSCBC or anyone really start asking these questions?
re: #170 darthstar
There aren’t Trumpers who want to kill Mike Pence. That was a one day thing and nearly everyone on tape saying “Hang Mike Pence” is now telling the FBI they didn’t really mean it, except as a term of endearment, and can they please be home by Valentine’s day..
I’m actually going to disagree. There are probably some die-hards out there that still want to kill him. What I will agree with is that those people who still want to kill him are almost guaranteed not to try, for a variety of reasons. I also wonder if that part of the article is more speculative than factual.
re: #171 darthstar
I hope his brother’s kids enjoy playing with his Secret Service detail.
I hope his SS detail is allowed to use the toilet…
re: #170 darthstar
There aren’t Trumpers who want to kill Mike Pence. That was a one day thing and nearly everyone on tape saying “Hang Mike Pence” is now telling the FBI they didn’t really mean it, except as a term of endearment, and can they please be home by Valentine’s day.
Trump’s popularity is falling as fast as the real estate values on his branded properties. ****He’ll be a nothing in a few months****.
**** moar of this please
AOC apparently left all her fucks at home in last night’s interview.
“This term there are legitimate white supremacist sympathizers that sit at the heart and at the core of the Republican caucus in the House of Representatives … Kevin McCarthy answers to these QAnon members of Congress” — AOC pic.twitter.com/n0r2bafAlL
— Aaron Rupar (@atrupar) January 28, 2021
Who’s a good boi? 🐶❤️ @dog_rates pic.twitter.com/1D9YhFfNlX
— tobythegentleman (@toby_gentleman) November 11, 2019
re: #157 sagehen
Land is generally a safe investment. Because, y’know, they aren’t making any more of it.
And if that land has a house on it…. then even if it becomes less valuable, you’ll still have roof overhead.
One of the ways hospitals are being screwed by investors is the investor sells the land that the hospital owned and then the new owners start charging for the right to be on the land.
Verified accounts on Twitter shared more content from deceptive websites than ever in 2020 https://t.co/soZQ8e4Xhb
— Axios (@axios) January 28, 2021
Last thoughts on Pence…
Well, wherever he ends up settling down, I hope he doesn’t feel welcome.
— a different darth (@darthstar99) January 28, 2021
re: #185 darthstar
I’d say they should just donate the supply to somewhere but these are fucking Republicans so they’d never want to do such a thing.
re: #185 darthstar
Oklahoma wants to return $2 million in hydroxychloroquine it hoarded after Trump said it cured COVID
That’s a lot of money to waste to learn a lesson about how Magical Thinking does not necessarily bring about real-life outcomes…
Biden boots White House doctor who gave misleading info on Trump’s coronavirus diagnosis
President Biden has replaced Dr. Sean Conley, the White House physician who gave misleading information about former President Trump’s COVID diagnosis last fall.
Biden will replace Conley with Dr. Kevin O’Connor as his doctor.
The transfer of power is complete: from a GOP admin that sweats Times coverage to a Dem admin that sweats Times coverage *and* editorials https://t.co/hLN7FGzRTX
— Jonathan Martin (@jmartNYT) January 28, 2021
I swear to god the Times is the most worthless shit out there these days, if only for how fucking transparent they are. They revel in criticism they get from the left side of things while they literally can’t crawl to their knees fast enough in response to right wing rage. They fucking advertise on that, no less.
re: #185 darthstar
We mentioned yesterday that if hydroxychloroquine had turned out to be the least bit effective against Covid, it would have been the ultimate political Hail Mary Play for Trump and not only secured his re-election, but would have put his face on Mount Rushmore and his name on countless airports, monuments and public structures…
The power of a crowd is simply stunning. Trading app @RobinhoodApp has suspended buying for AMC, GameStop and others after Redditors pushed the stonks “to the moon.”
Will these moves halt the Reddit army of retail traders?https://t.co/nOgnl2GSyS— Cointelegraph (@Cointelegraph) January 28, 2021
Class action lawsuit coming against Robinhood in 3-2-1…
— BIG DOG (@MoonOverlord) January 28, 2021
Thankful this morning for the day, my family, bagels, coffee, fellowship, and not being @robinhoodapp’s lawyers.
— TortiousInterferehat (@Popehat) January 28, 2021
Am I the only who remembers that Robinhood only offers “free” trading because it sells order flow to trading firms, who use it for front running? Why is this being left out every story? They paid $65 million to the SEC just one month ago because of it!https://t.co/iIHlRlLPMT
— Ryan W. Neal (@ryanWneal) January 28, 2021
Pipe bomb-building Trump fan was carrying this bizarre ‘white privilege’ card
Ian Benjamin Rogers was arrested Jan. 15 and charged in federal court Tuesday, when prosecutors alleged investigators seized 49 firearms, five pipe bombs, bomb-making materials and thousands of rounds of ammunition from his home and business in Napa, California, reported the San Francisco Chronicle.
The 44-year-old Rogers had stickers indicating support for the “Three Percenters” gun militia group.
According to the FBI, Rogers also carried a mock “white privilege” credit card that references the former president, whom his attorney said Rogers strongly supported.
Another white trash loser throwing his life away for a pussy grabbing grifter. Congrats
‘Member when Cotton wrote an Op-Ed for the NYT calling for the use of military force against BLM? That piece was so awful that the Opinion editor had to resign, and here Cotton is saying don’t worry about armed white killers trying to overthrow the gov.https://t.co/7f0uVVYrEa
— John “where can I get a decent bagel?” Vreeland (@JohnMVreeland) January 28, 2021
re: #193 John Vreeland
[Embedded content]
Of course Cotton wants to get rid of the guard because he wants to see the mob come back and finish the job.
re: #193 John Vreeland
‘Member when Cotton wrote an Op-Ed for the NYT calling for the use of military force against BLM? That piece was so awful that the Opinion editor had to resign, and here Cotton is saying don’t worry about armed white killers trying to overthrow the gov.
I refer you to the “White Privilege Card” in #192
Pandemic Day 25: I made bread :)
Day 95: I sure do miss my friends
….
Day 310: The White House appears to be under the control of a shirtless man in a Viking helmet
Day 330: Reddit’s coordinated attack on Wall Street is going as planned— Bird Facts (@SupramanTrax) January 27, 2021
re: #196 Ming5000
When we said 2021 couldn’t be worse than 2020, we didn’t specify that it couldn’t be weirder.
Re: The Gamestop thing
Why are people calling them Stonks?
re: #124 A Mom Anon
Ok, so who benefits from this weird shit?
I get the basic premise of having a stock market. It’s supposed to allow companies to raise funds for growth, development and expenses. But what seems to happen mostly is the money made gets hoarded and bare minimums are spent on actual business expenses. Which defeats the purpose of the stock market, IF it was supposed to be a way for companies to do better for their employees and customers. Which it’s not.
I do not understand this stuff, but it seems like we need a lot more laws, enforceable ones, to keep the market in check. I have no money in the markets, we lost everything we had in 07 and 08 when the market took a dump. We never recovered. I’m 60, husband is 54 and disabled. People like us, what do we do?
You’ve answered your own question, I’m afraid.
If a company wishes to raise money for capital projects, it can also either seek wealthy investors or issue secured bonds.
I have made this argument before here and others have argued against it, but no one who is not in that top 1% should trade stocks. Even a sound company can be destroyed by a few billionaires with a hedge fund.
Stocks going all the way back to the Tulip crash have always been issued to extract wealth from “human capital stock.” I’m afraid the market worked exactly as it was designed on your family, extracting all your family’s value.
My wife lost over a quarter million dollars before she met me due to the failures leading up to the Republican recession of 2007-8.
One of the reasons that institutional investors and traders are so vociferously opposed to Sen. Warren’s small tax on trades is it would kill the high-speed trading model which would essentially kill that method of extracting wealth from the middle class and poor. An average person who simply buys stocks for a long-term investment or for a retirement nest-egg would not be affected by such a tax. So the usual suspects (libertarians and the wealthy) swing for the fences to convince poor conservatives that they will be maligned by such attack which is actually meant to preserve said voters’ wealth.
As for hedge funds, I am not an investment councellor nor an economist, but it seems to me that requiring funds to actually have the physical stock certificate rather than shorts or naked shorts will end the practice. (They will come up with new means of extracting value from human capital stock however.)
I’m in the same boat as you, except I’ve never been wealthy nor owned a single share of stock. My wife and I own other things such as gold and silver bullion in small amounts, but gold and silver have actual industrial uses. Paper stock certificates do not.
TFW when a video like this has to be made.
TFW when you have to share it years after it was made.
TFW when you wonder what would be a suitable sanction for the transgressors.
🤬https://t.co/8AlDjnAEqb— 🐄 Teo 🐄 (@Teukka72) January 28, 2021
re: #198 Eclectic Cyborg
Re: The Gamestop thing
Why are people calling them Stonks?
either a misspelling of stocks or a reference to a WW2 assault unit in the Western Desert…
re: #201 Wendell Zurkowitz ((slave to the waffle light))
either a misspelling of stocks or a reference to a WW2 assault unit in the Western Desert…
re: #198 Eclectic Cyborg
Re: The Gamestop thing
Why are people calling them Stonks?
re: #201 Wendell Zurkowitz ((slave to the waffle light))
It’s a meme. The general gist I’m getting from Urban Dictionary is that the meme applies to trading or economic decisions that are not smart in hindsight. Origin unknown.
How it started How it’s going pic.twitter.com/NAikYSzJHA
— Operative_X (@OperativeXRay) January 28, 2021
Here’s a cnbc article about GameStop. It’s definitely business biased, but I thought the part about what is being sad on reddit is interesting.
One trending post Thursday said “don’t be scared of the drop in $GME $BB. Hedge funds trade after hours to scare y’all…KEEP BUYING AND HOLDING.” The post quickly drew more than 1,000 comments in an hour.
Another top post in the community said “buy high, sell never,” featuring a photo of GameStop.
Trading restrictions have hurt the price today, it’s now down more than 55%.
re: #204 Yeah Sure WhatEVs
[Embedded content]
Crybaby Shaman still getting his special organic food diet?
re: #203 O say, does that Star Spangled Banner yet wave..
It’s a meme. The general gist I’m getting from Urban Dictionary is that the meme applies to trading or economic decisions that are not smart in hindsight. Origin unknown.
Hmm… not sure if Stonk is gaining enough traction to survive.
I still want to use “pwned” all the time, but it is no longer in vogue.
Also, saying “in vogue” is out of date.
re: #200 Teukka
I went to visit Dachau with my family and refrained from making any jokes or wisecracks for the duration of the tour. There are simple limits to human decency.
We got separated about halfway through. No big deal, I caught up with them again near the exit.
p9mjCE7AjxmqH+F0pl6S3h3yL54K0XU7XJbnadAL3NcSCjhfGb7fKIy0j+yCR6xyURikK52CkMundYQ24nW3JlND3Z0dtXEpsIJSrELlt4iyMcXTAft1cDJrmEcrMAtk9cCvMzTCxrc=
re: #206 🌹UOJB!
Crybaby Shaman still getting his special organic food diet?
see White Privilege Card as mentioned above…
Some details about life in the West Wing:
Staff prohibited from meeting together in an office for more than a total of 15 minutes in a day. No more than 6 ppl are allowed to gather in Oval at a time, and a max of 5 are allowed to meet in COS office.https://t.co/fB6FCu3sAd— Annie Karni (@anniekarni) January 28, 2021
re: #207 Ming5000
Hmm… not sure if Stonk is gaining enough traction to survive.
I still want to use “pwned” all the time, but it is no longer in vogue.
Also, saying “in vogue” is out of date.
Memes come and go so fast these days, I can’t even keep up. I feel like an old man just quoting last week’s memes. To say nothing of some of my favorites, which are years old, and would certainly embarrass my kids if I used them with their friends.
re: #210 Yeah Sure WhatEVs
Biden does not want to be a vector…
re: #211 O say, does that Star Spangled Banner yet wave..
Memes come and go so fast these days, I can’t even keep up. I feel like an old man just quoting last week’s memes. To say nothing of some of my favorites, which are years old, and would certainly embarrass my kids if I used them with their friends.
unless you catch them when they are having a momentary recurrence
I been playing sea shanties for years, by the way…
re: #208 Wendell Zurkowitz ((slave to the waffle light))
JgLkRAisDE8iz+g0+hjY85ZgeDYGlhSIUH4ygGRDqZ0C3WIGYrvpoEBv1eN1gAsVWV69/W64NxeiMUJcF/6VerB9FTDEl5/pGSCtYQi9FaJHo2JtzTcK9bXMJlAwJYviibb91vz5pcRm4+0nWzG3l8OAFPPuknHEEW+RwubFLzwcKUK/JPRX2XqIJl1GQWuuBXGAHo/8O/r+M1OYRoRpq4gDq3qIGWozdTeAc8RJY6GCgZYnGu5vh1d+lSBq1gLAT45XZuW2BiYcuP4GnX3O5Kt85Ay9VzSsc6Lk5DRxjEQbkBQGiBrN7fbBQm2tPgA/bT8+CjKAcqv8L0EIzlETng==
re: #212 Wendell Zurkowitz ((slave to the waffle light))
Biden does not want to be a vector…
Modeling good behaviors.
PELOSI on GameStop: “interesting isnt it?”
— Jake Sherman (@JakeSherman) January 28, 2021
re: #211 O say, does that Star Spangled Banner yet wave..
Memes come and go so fast these days, I can’t even keep up. I feel like an old man just quoting last week’s memes. To say nothing of some of my favorites, which are years old, and would certainly embarrass my kids if I used them with their friends.
Right on dude, keep on truckin’. Hang in there baby. Outta sight!
re: #214 🌹UOJB!
K810GWUHP9XNx7dum1X2Ozd4hSsyDG9T9TpMfEo1u+bLbz0H5Vvg4orQwT8m98qDxGdo0SRZKzb0geGn4xjzOzmhzCRTI0cNiZQsMIDaLoW5pdjUeQDsOuRy/CECm1FxJQ1piWNoDPj5GOpJg0GfEQ==
re: #217 Eventual Carrion
Right on dude, keep on truckin’. Hang in there baby. Outta sight!
Totally, man.
re: #212 Wendell Zurkowitz ((slave to the waffle light))
Biden does not want to be a vector…
I’m sure the assholes at Fox will chime in to attack Joe over this…
re: #206 🌹UOJB!
Crybaby Shaman still getting his special organic food diet?
that’s what they told him…
re: #221 🌹UOJB!
I’m sure the assholes at Fox will chime in to attack Joe over this…
Joe the timid sheeple, yes…
My grandpa gave me a “smart-ass” ID card that I signed and carried in my empty wallet when I was a child.
re: #224 Amory Blaine
My grandpa gave me a “smart-ass” ID card that I signed and carried in my empty wallet when I was a child.
I remember that “Mafia ID” membership cards signed by “Joe Banana” were popular when I was a kid
Another incredible “then and now” pairing from Stuart’s fans:
Believe this is looking north on the Plage Siouville (near Hameau de la Mer). Gain was born in Cherbourg, not far away. pic.twitter.com/FqH3KI9wMV
— The Irate Cartographer (@MichaelAthanson) January 28, 2021
President Biden will sign executive actions opening a special enrollment period for the Affordable Care Act and revoking the Trump-era policy to bar international nongovernmental organizations providing abortion counseling from receiving U.S. funding. https://t.co/LMtqlgDg7E
— NPR Politics (@nprpolitics) January 28, 2021
GOP still supports Putin over America.
Unbelievable. Like I said the GOP would rather support Putin than America. https://t.co/RI6scIpYIg
— John Melendez (@stutteringjohnm) January 28, 2021
re: #228 Yeah Sure WhatEVs
It’s a start. Now get rid of the Hyde Amendment.
re: #56 Targetpractice
This is about the best thread I’ve seen so far to explain the situation:
[Embedded content]
Basically, a bunch of hedge fund assholes have overleveraged themselves majorly out of pure greed, with some rumors that this was a coordinated effort to drive the company’s value down just so that one of those funds could buy it up for cheap (aka “vulture capitalism”). Those hedge funds got found out, they’ve been played at their own game, and now they’re crying foul and are trying to scare the government into bailing their asses out.
Someone may have posted this, but I’m running late this morning: Judd Legum did a great review of the issue, with back history on the hedge fund peeps. The merry adventures of Robinhood It is excellent, and I even understood it. I think.
71-Year-Old Man Arrested Yards From Capitol With Gun and Ammo https://t.co/H46xUOupzF via @thedailybeast
— JJ MacNab (@jjmacnab) January 28, 2021
1/ A brief stroll down history’s lane, concerning Dem search for “bipartisan support” on tough measures.
Chap 1: Bill Clinton budget-and-tax bill 1993. Huge admin effort. Republicans who ultimately voted for it: Senate, 0. House, 0. https://t.co/X4ds0rs0xw https://t.co/QRxLysr1YW— James Fallows (@JamesFallows) January 28, 2021
Of course he was. https://t.co/Bwnnveb4Bu
— Charles P. Pierce (@CharlesPPierce) January 28, 2021
re: #157 sagehen
Land is generally a safe investment. Because, y’know, they aren’t making any more of it.
And if that land has a house on it…. then even if it becomes less valuable, you’ll still have roof overhead.
We paid our annual property taxes today. Just over $13,000 on a house we bought for $155,000 in ‘97.
BoooooooooooooooooM!
I suspect that Today’s @NewAbnormalPod is going to need a lot of bleeping https://t.co/lz3bqbmnV9
— Molly Jong-Fast🏡 (@MollyJongFast) January 28, 2021
This is voter suppression. https://t.co/Lw8cuXuyII
— Patricia Arquette (@PattyArquette) January 28, 2021
re: #199 Anymouse 🌹🏡😷
To which I reply that I am a small investor and have done and continue to do well enough in the market. And I am very far from the only one. Sorry about your losses, but that doesn’t mean everyone loses.
re: #201 Wendell Zurkowitz ((slave to the waffle light))
either a misspelling of stocks or a reference to a WW2 assault unit in the Western Desert…
Stonk has two definitions. In military parlance, it is bombardment with artillery.
In Redditor lingo, it is a very poor investment in stocks, a term created from a meme about the stock market.
I could read this over and over for days pic.twitter.com/Ennf4cdxBa
— ☭ Lake Travis Is A Comrade ⛵️ (@char__latte) January 28, 2021
re: #229 🌹UOJB!
GOP still supports Putin over America.
[Embedded content]
If Lucas had only waited long enough, he could have had someone to model the Jar-Jar is Darth Sidius storyline.
re: #237 Yeah Sure WhatEVs
Why twice? I hope this is knocked down by the courts.
re: #238 A hollow voice says NOW drain that swamp!
To which I reply that I am a small investor and have done and continue to do well enough in the market. And I am very far from the only one. Sorry about your losses, but that doesn’t mean everyone loses.
I’ve thought about small time investing but I just don’t think I know enough about markets to be any good at it.
re: #245 Patricia Kayden
Why twice? I hope this is knocked down by the courts.
This is my question. Though I suspect the intent is to create more pitfalls in the system that allow more voters to be deemed ineligible to vote.
re: #245 Patricia Kayden
Why twice? I hope this is knocked down by the courts.
Not holding my breath since McConnell packed the courts with Republican Assholes.
re: #245 Patricia Kayden
Why twice? I hope this is knocked down by the courts.
I assume a copy has to be sent with the application and with the ballot itself.
re: #245 Patricia Kayden
Why twice? I hope this is knocked down by the courts.
Because poor people shouldn’t ever be allowed to vote. Republicans know they can’t win without cheating.
re: #157 sagehen
Land is generally a safe investment. Because, y’know, they aren’t making any more of it.
And if that land has a house on it…. then even if it becomes less valuable, you’ll still have roof overhead.
They are making new land in Hawaii, not a lot though.
re: #232 Yeah Sure WhatEVs
Second similar case in a couple days.
re: #246 Eclectic Cyborg
I’ve thought about small time investing but I just don’t think I know enough about markets to be any good at it.
Ii don’t deny that I’ve also been lucky (stock market boom, anyone? working for a Very Large Institution with a Very Large Investment Pool?), but knowing my limitations, I found some mostly conservative funds and stuck with them. In the long run, it worked out.
re: #245 Patricia Kayden
Why twice? I hope this is knocked down by the courts.
If Republicans follow through, we will sue and we will win. https://t.co/u9LbJk5N3r
— Marc E. Elias (@marceelias) January 28, 2021
This is what worries me. https://t.co/Bu6zVbtqej
— Mary L Trump (@MaryLTrump) January 28, 2021
re: #250 Yeah Sure WhatEVs
Because poor people shouldn’t ever be allowed to vote. Republicans know they can’t win without cheating.
Republicans have absolutely nothing to offer the vast majority of voters except hate and fear, and there is a limited market for that.
Here’s Marjorie Taylor Greene talking about the Vegas mass shooting just to remind us all that she’s a dangerous crazy person…pic.twitter.com/fhYzb2g1Hk
— Rex Chapman🏇🏼 (@RexChapman) January 28, 2021
re: #258 No Malarkey!
Republicans have absolutely nothing to offer the vast majority of voters except hate and fear, and there is a limited market for that.
However, as we saw last November, there are about 74 million arguments against that “limited-market” theory…..
re: #257 Dave In Austin
You mean the vaccine won’t cause a muppet to grow on my arm? That’s a relief!
— aagcobb (@aagcobb1) January 28, 2021
When you retweet this, five cents will be donated to mental health initiatives in Canada.
Whale. Whale. #BellLetsTalkpic.twitter.com/6YYROhFS4l— Canadian Forces in 🇺🇸 (@CAFinUS) January 28, 2021
re: #260 Jay C
However, as we saw last November, there are about 74 million arguments against that “limited-market” theory…..
It’s a deep but not very broad slice of voters, and it’s not growing demographically. They have the neo-nazis, the Klansmen, the militias, the white nationalists, the white evangelicals, and the uneducated whites. When your appeal is based on making your voters hate and fear people of color, it’s hard to earn their votes.
Asked about a reference to the enemy being within (the House), Speaker Pelosi replies, “It means that we have members of Congress who want to bring guns on the floor and have threatened violence on other members of Congress.” pic.twitter.com/BQ529L8sTT
— The American Independent (@AmerIndependent) January 28, 2021
re: #234 Yeah Sure WhatEVs
The photograph is from 2017.
Former Vice President Mike Pence Escapes Harsh Media Glare On St. Croix Vacation (Virgin Islands Free Press)
The description of the trip is accurate, the photograph does not depict the trip (and is noted in the description as from 2017).
re: #232 Yeah Sure WhatEVs
[Embedded content]
His Facebook page shows a man obsessed with Stop The Steal and, to a lesser degree, QAnon.
— JJ MacNab (@jjmacnab) January 28, 2021
Same age I am. When I run across people like this I want to grab them by the collar and scream, “What the fuck is wrong with you? Haven’t you learned anything in all these years?” No fool like an old fool.
#FunFact: Jack Kirby of @DCComics produced the original art work for the film. pic.twitter.com/ezvOCjGDzL
— CIA (@CIA) January 28, 2021
Look who came out of the closet!
I’m not a Russian bot but I wish I was. Russia is a serious country with a real leader.
— Nicholas J. Fuentes (@NickJFuentes) January 27, 2021
i am no longer impressed that Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt made all that money on the housing market
— Dan Price (@DanPriceSeattle) January 28, 2021
Why does this fascist still have a blue checked twitter account?
— aagcobb (@aagcobb1) January 28, 2021
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
— Nicholas J. Fuentes (@NickJFuentes) January 28, 2021
re: #235 austin_blue
We paid our annual property taxes today. Just over $13,000 on a house we bought for $155,000 in ‘97.
Our property tax was $380 on a house which cost $18,000 in 2011.
The idea that land prices are a safe investment is not true. (See what happened in Florida in the ’20s, or even here in Banner County, where dishonest land sellers tried to sell land in Banner County as the “new Nebraska paradise.” Banner County has no incorporated towns, and it’s county seat currently has one hundred people.)
Land only becomes more valuable if more people or businesses want to move there.
My house cost exactly the same price in twenty dollar gold pieces to us (at the exchange rate of gold when we bought it) as when it was built in 1914 (twenty double eagles).
We do have a roof over our heads though (that keeps getting peeled off by tornadoes or destroyed by hailstorms).
re: #273 Nyet
Stay in your lane, nick.
AAAAAAHHHHHHHHHHHHHHH
— abolish the police (@infinite_scream) January 28, 2021
re: #263 No Malarkey!
It’s a deep but not very broad slice of voters, and it’s not growing demographically. They have the neo-nazis, the Klansmen, the militias, the white nationalists, the white evangelicals, and the uneducated whites. When your appeal is based on making your voters hate and fear people of color, it’s hard to earn their votes.
I don’t think that’s really true. First of all, it includes the middle class whites even more than it does uneducated whites. Secondly, hating other groups of people comes very, very naturally, and always has throughout human history. Believing that hatred has limited appeal is going to end badly. Immigrants of all kinds aren’t immune to this - many groups that we don’t think of as ‘white’ nationalists will happily sign on to this agenda as long as they feel they’re part of the protected group.
Demographics will not end the US fascist movement. People aren’t automatically against fascism because of the colour of their skin or the language they speak.
re: #272 No Malarkey!
Maybe we should have a red, white, and black check instead? Certified fascist?
And the horseshoe bromance continues.
I’m not sure whether it’s hilarious or scary as hell that they’re essentially indicting someone making Memes. https://t.co/JiwYmz9Pm2
— Donald Trump Jr. (@DonaldJTrumpJr) January 27, 2021
re: #266 Shiplord Kirel: Fan of USPS, Goodyear, and Oreo
Same age I am. When I run across people like this I want to grab them by the collar and scream, “What the fuck is wrong with you? Haven’t you learned anything in all these years?” No fool like an old fool.
Rightio re: the first JJ tweet: It’s only 20 rounds and he had a 9mm sig handgun, which holds 17 in a mag. This is a non-story of a random old man being accosted.
Hit him with the second one…
I really don’t much like the Winklevii but every once in a while, blind pig finds truffle:
Bully Capital has been pile-driving stonks for years. Creating more short interest than float. Wall Street never complained. Now that Wall Street Bets has turned the tables and given the suits a taste of their own medicine, the suits are crying bloody murder.
— Tyler Winklevoss (@tyler) January 28, 2021
In personal news, I’m up $22K in the last 2 weeks because of freaks pumping up tech stocks that I bought into when I worked for them.
Just sold Tesla. An $800 BILLION valuation for a carmaker that can’t even figure out when they’re going to ship their next product, and whose big “innovation” for the year is replacing a steering wheel with a rectangular “yoke”?
No thanks. Rode that one as far as I care to.
re: #276 Renaissance_Man
I don’t think that’s really true. First of all, it includes the middle class whites even more than it does uneducated whites. Secondly, hating other groups of people comes very, very naturally, and always has throughout human history. Believing that hatred has limited appeal is going to end badly. Immigrants of all kinds aren’t immune to this - many groups that we don’t think of as ‘white’ nationalists will happily sign on to this agenda as long as they feel they’re part of the protected group.
Demographics will not end the US fascist movement. People aren’t automatically against fascism because of the colour of their skin or the language they speak.
You think the GOP can earn a lot of black votes running on a “black lives don’t matter” platform? The GOP has lost the popular vote in the US presidential election in 7 of the last 8 races.
re: #238 A hollow voice says NOW drain that swamp!
To which I reply that I am a small investor and have done and continue to do well enough in the market. And I am very far from the only one. Sorry about your losses, but that doesn’t mean everyone loses.
I never had stock losses, because I never had stocks. My wife lost her money before I met her.
In the Great Depression, it wasn’t the ultra-wealthy who lost money. The same with the Great Recession. Nor the Covid-19 pandemic (look at the extremely wealthy people like Jeff Bezos who have made billions while others have lost everything).
This is why I believe Trump’s cult of personality won’t easily be hijacked by someone like Hawley to serve his ambition. If Trump is blocked from running by the Senate or a felony conviction, the danger if a fascist coup in 2025 is significantly reduced.
— aagcobb (@aagcobb1) January 28, 2021
re: #283 No Malarkey!
You think the GOP can earn a lot of black votes running on a “black lives don’t matter” platform? The GOP has lost the popular vote in the US presidential election in 7 of the last 8 races.
No they just need to peel off a sliver of black votes with stooges like Tim Scott and Burgess Owens…
re: #284 Anymouse 🌹🏡😷
I never had stock losses, because I never had stocks. My wife lost her money before I met her.
In the Great Depression, it wasn’t the ultra-wealthy who lost money. The same with the Great Recession. Nor the Covid-19 pandemic (look at the extremely wealthy people like Jeff Bezos who have made billions while others have lost everything).
It was people losing their savings. Remember Enron? The bosses sold out in time, but the employees saw their 401Ks evaporate…
re: #283 No Malarkey!
You think the GOP can earn a lot of black votes running on a “black lives don’t matter” platform? The GOP has lost the popular vote in the US presidential election in 7 of the last 8 races.
No, but it can earn a lot of Indian, Middle Eastern, Chinese, and Hispanic votes. And in the US political system, having less votes doesn’t mean you lose. Not at the Presidential level, not at the state level, not at any level.
re: #284 Anymouse 🌹🏡😷
I never had stock losses, because I never had stocks. My wife lost her money before I met her.
In the Great Depression, it wasn’t the ultra-wealthy who lost money. The same with the Great Recession. Nor the Covid-19 pandemic (look at the extremely wealthy people like Jeff Bezos who have made billions while others have lost everything).
Still remember what Grandma Bacon told me Andrew Mellon, the only Secretary Of The Treasury who had three Presidents serve under him said, “In a depression, wealth flows back to its natural owners…”.
re: #280 Teukka
Rightio re: the first JJ tweet: It’s only 20 rounds and he had a 9mm sig handgun, which holds 17 in a mag. This is a non-story of a random old man being accosted.
Hit him with the second one…
I’m sure it would be a none story if he knew I hated him and was wandering around outside his house with my .45 (which only holds 7 in the mag). He would implore the police to let me be on my way. I’m sure the commenter would.
re: #123 steve_davis
The beauty of this is that it’s burning down the people who deserve it. Hedge funds don’t exist just because they can. They exist because they’ve promised people with way more money than sense that they can generate percentage returns annually that can’t be gotten through normal channels, like with your typical broker, or through bonds. And lots of them are closed to the madding crowd, for instance, and lock up investor money for long periods of time, under the philosophy that the market is moody, and the hedge fund can’t successfully operate if people keep pulling their money out every time things look a little dicey. So there are a large number of very wealthy people who are fixing to get badly, badly burned here.
It would be fine if damage to a hedge fund affected only that fund and its witting investors; unfortunately, like the crisis in 2008, a large enough hedge fund can damage the real world, and indeed bring down the whole economic system.
There would have to be very draconian measures to protect the world from these predators — and we only have power to restrict activities of US companies and not those based off-shore. But maybe someone like Warren can figure out appropriate legislation that would at least protect US institutions, perhaps something that limits how much capital a US bank or any of its foreign subsidiaries can lend a hedge fund?
re: #286 🌹UOJB!
No they just need to peel off a sliver of black votes with stooges like Tim Scott and Burgess Owens…
Trump did that, and his percentage of the popular vote barely budged while Biden won over 51% and defeated him by a 7 million vote margin.
re: #291 Hecuba’s daughter
There would have to be very draconian measures to protect the world from these predators — and we only have power to restrict activities of US companies and not those based off-shore. But maybe someone like Warren can figure out appropriate legislation that would at least protect US institutions, perhaps something that limits how much capital a US bank or any of its foreign subsidiaries can lend a hedge fund?
That would be a good starting point, IMO.
And you are right, it’s all well and good to make fun of this and be like “hahaha, some stupid rich bastards got beat at their own game!” but there are potential serious ramifications to this that could have wide reaching economic effects.
That didnt take long https://t.co/jFHNBqNq3h
— Sexy Pringles Man (@borisof007) January 28, 2021
Fully agree. 👇 https://t.co/rW38zfLYGh
— Ted Cruz (@tedcruz) January 28, 2021
While you conveniently talk about “moving on,” a second Capitol police officer lost their life yesterday in the still-raging aftermath of the attacks you had a role in.
This isn’t a joke. We need accountability, and that includes a new Senator from Texas.https://t.co/IQ69aZIt3v— Alexandria Ocasio-Cortez (@AOC) January 28, 2021
re: #288 Renaissance_Man
No, but it can earn a lot of Indian, Middle Eastern, Chinese, and Hispanic votes. And in the US political system, having less votes doesn’t mean you lose. Not at the Presidential level, not at the state level, not at any level.
I think you are overestimating the appeal white nationalism has to people of color.
Curt Schilling Insists He’d Already Be Hall Of Famer If MLB Never Racially Integrated https://t.co/ZqjQBiIg4C pic.twitter.com/hd6BRjoBHr
— The Onion (@TheOnion) January 27, 2021
re: #190 Wendell Zurkowitz ((slave to the waffle light))
We mentioned yesterday that if hydroxychloroquine had turned out to be the least bit effective against Covid, it would have been the ultimate political Hail Mary Play for Trump and not only secured his re-election, but would have put his face on Mount Rushmore and his name on countless airports, monuments and public structures…
So we got lucky.
re: #295 FormerDirtDart 🍕🐀 No Capt’n😷Trips
I see AOC still has no fucks to give for Ted Cruz.
re: #299 darthstar
I see AOC still has no fucks to give for Ted Cruz.
Nor would I for anybody who tried to get me killed and then defended the would-be perpetrators.
re: #287 Wendell Zurkowitz ((slave to the waffle light))
It was people losing their savings. Remember Enron? The bosses sold out in time, but the employees saw their 401Ks evaporate…
My former employer spent years courting Enron as a client. Finally, in 2001, they reached an agreement and proudly informed us all about their success. Oops — within a couple months, the scandal broke.
Marjorie Taylor Greene discussed Pelosi’s execution on Facebook - and the GOP is fine with that.
Then again, they conspire with terrorist groups now. That’s who they are. https://t.co/6OS7vJ6IMK— Eric Garland (@ericgarland) January 28, 2021
re: #282 Khal Wimpo (exhaling for 1st time in 4 yrs)
In personal news, I’m up $22K in the last 2 weeks because of freaks pumping up tech stocks that I bought into when I worked for them.
Just sold Tesla. An $800 BILLION valuation for a carmaker that can’t even figure out when they’re going to ship their next product, and whose big “innovation” for the year is replacing a steering wheel with a rectangular “yoke”?
No thanks. Rode that one as far as I care to.
Tesla made their quota last year.
Oh yeah, in today’s episode of “It sucks to be Trump”
Deutsch Bank should accept fifty cents on the dollar and sell Trump’s debt to Muhammad bin Salman.
— a different darth (@darthstar99) January 28, 2021
re: #304 darthstar
Deutsche Bank should consider itself lucky if it sees 50% of Trump’s debt ever paid back…
re: #295 FormerDirtDart 🍕🐀 No Capt’n😷Trips
Damn, AOC totally out of fucks to give with the GOP.
Who sent those messages? This thread is eye-opening. https://t.co/kVX5VB80wu
— Ed Bott (@edbott) January 28, 2021
re: #197 O say, does that Star Spangled Banner yet wave..
I’m not afraid of weird. (obviously)
re: #303 Belafon
Tesla made their quota last year.
Tesla’s market cap is way out of line with it’s actual revenue and profits. They produced just under a half million cars and have a market cap higher than the 5 largest auto makers combined. I know the market is future looking, but I still think Tesla is overpriced by an order of magnitude.
If the white hood fits…
— Ryan Emond 🇺🇸🇺🇲 (@creativelytired) January 28, 2021
re: #309 danarchy
Tesla’s market cap is way out of line with it’s actual revenue and profits. They produced just under a half million cars and have a market cap higher than the 5 largest auto makers combined. I know the market is future looking, but I still think Tesla is overpriced by an order of magnitude.
Cars are fascinating, as is an eccentric millionaire blunt-smoking rock star CEO.
Just as Napoleon’s presence on the battlefield was “worth 40,000 men” (Wellington), Musk’s presence at the head of Tesla is worth $400,000,000 in market value…
Caitlin Doughty (funeral director in California, YouTuber known as “Ask a Mortician”) is in tears over the way the Republicans have handled the pandemic. Her funeral home (along with many others) is overwhelmed.
She breaks down in tears over the situation, as she describes how Republicans have thrust dealing with the deaths in the pandemic on “the free market,” which cannot deal with the emergency. She points out funeral directors, health care workers, coroners, and others across Los Angeles are desperate for government intervention. (9:43)
re: #219 O say, does that Star Spangled Banner yet wave..
That’s heavy, man.
There is zero chance of getting 10 GOP Senate votes for a Covid relief bill worth voting for. Thousands are dying everyday, and there is no time to waste.
— aagcobb (@aagcobb1) January 28, 2021
Suddenly Ted Cruz cares about the pandemic lol https://t.co/4EjSSSV4M5
— Brooke Binkowski (@brooklynmarie) January 28, 2021
Coming down off a drug like Trump can be real hard, y’all. https://t.co/1T7zPIuGcX
— Ben Watson (@natsecwatson) January 28, 2021
The disconnect between the cable-TV business channels and what is being said right now on Twitter is stark
CNBC and Fox Business: Daily making the argument to bring back the tumbrils better than any Marxist ever could pic.twitter.com/glVnE1MQ4R
— Surreal painters were just ahead of the curve (@MutatedReality) January 28, 2021
re: #295 FormerDirtDart 🍕🐀 No Capt’n😷Trips
The Robinhood situation : pic.twitter.com/V0XxPcALNM
— Mohamed Enieb (@its_menieb) January 28, 2021
re: #283 No Malarkey!
You think the GOP can earn a lot of black votes running on a “black lives don’t matter” platform? The GOP has lost the popular vote in the US presidential election in 7 of the last 8 races.
The question is really whether the right has a reservoir of “eligible but not voting” people who will be willing to come out next time. Two thirds of eligible voters voted in 2020 (highest turnout since 1900), which argues against it — a further increase in turnout seems unlikely to me.
But the increase of turnout for was about half again as much as the increase for DT, so Biden won easily. The question for the future is whether Democrats can muster all those people going forward. And not get hit by the kind of imbalance that screwed us in 2016.(BUT WE WON ARIZONA AND GEORGIA!)
We need to spend our time now insuring that voting is easier (and possible). That, and reminding people what the GOP stands for. (More than 30,000 people have left the party since the insurrection — and that’s only what’s reported by states that report their numbers weekly. More to come…)
re: #296 No Malarkey!
I think you are overestimating the appeal white nationalism has to people of color.
I hope so. But I think you are underestimating it.
re: #284 Anymouse 🌹🏡😷
I never had stock losses, because I never had stocks. My wife lost her money before I met her.
In the Great Depression, it wasn’t the ultra-wealthy who lost money. The same with the Great Recession. Nor the Covid-19 pandemic (look at the extremely wealthy people like Jeff Bezos who have made billions while others have lost everything).
The ultra-wealthy lost tons of money in the Great Depression. They remained wealthy because their investments were diversified. The same with the Great Recession. As to the covid pandemic, you may not have noticed this, but the stock market hasn’t gone down, overall. (Future, who knows?) The people who have lost money didn’t lose it in the stock market, they lost their jobs and the repugs weren’t interested in doing anything about that.
re: #293 Eclectic Cyborg
That would be a good starting point, IMO.
And you are right, it’s all well and good to make fun of this and be like “hahaha, some stupid rich bastards got beat at their own game!” but there are potential serious ramifications to this that could have wide reaching economic effects.
I’m a multi-tasker, I can laugh at them and recognize the need for reform (dems now control the federal government) at the same time.
re: #298 darthstar
So we got lucky.
Nah.
Blacks would still have turned out in force. Other groups disgusted by kids in cages, horrified by white supremacy, military revolted by the betrayal and abandonment of the Kurds among other things, and so on, would still have turned out. In my area, we started building structures to push our candidates, increase voter registration and get out the vote in 2017. And DT was never popular except among his shrinking base.
It might have been closer, but I think we could have pulled it out anyway.
Billions in US Taxpayer Dollars Now Go to Religious Schools via Vouchers Billions in taxpayer dollars are being used to pay tuition at religious schools throughout the country, as state voucher programs expand dramatically and the line separating public education and religion fades. School vouchers can be used at almost any ...
Cheechako
Adobe Caught Selling AI Generated Images Imitating Ansel Adams’ Work Adobe scolded for selling ‘Ansel Adams-style’ images generated by AI Adobe found itself in hot water this weekend after the Ansel Adams estate publicly scolded the company for selling generative AI imitations of the late photographer’s work. On Friday, ...
William Lewis
The Good Liars at The Libertarian Convention [VIDEO] The Good Liars visit the Libertarian Convention in Washington DC. They interview presidential candidates, talk to someone who thinks people should be allowed to own nuclear weapons, and Starchild. SUPPORT US: herohero.co SEE THE GOOD LIARS LIVE!NASHVILLE, TN JUNE ...
teleskiguy
Adam Conover - How Google RUINED the Internet [VIDEO] Google sucks now. Here's why. Get 20% off DeleteMe US consumer plans when you go to joindeleteme.com and use promo code ADAM at checkout. DeleteMe International Plans: international.joindeleteme.com You may have noticed that Google isn't what it used to ... teleskiguy
What Result Will There Be From the Trump Trial?I did my best to boil this down. What say you?
Rightwingconspirator
An Appeal to Heaven An ancient political phrase and a historic flag of the United States has entered the discourse as a flag of Christian Nationalism, insurrection, and the question of Supreme Court Associate Justice Samuel Alito's objectivity to rule on cases. So ...
Anymouse 🌹🏡😷
Grocers Are Finally Lowering Prices as Consumers Pull Back Consumers have been grumbling about the soaring cost of groceries for nearly two years. Now, some of the biggest names in retail appear to be listening. In recent weeks, Target and Aldi have broadcast price cuts on thousands of ... Cheechako
A Water War Is Brewing Between the U.S. And Mexico. Here’s Why A water dispute between the United States and Mexico that goes back decades is turning increasingly urgent in Texas communities that rely on the Rio Grande. Their leaders are now demanding the Mexican government either share water or face ... Cheechako
Harper’s Magazine: Slippery Slope - How Private Equity Shapes a Ski Town …Big Sky stands apart for other reasons. The obvious distinction is the Yellowstone Club, a private resort hidden in the mountains above the community that Justin Farrell, a professor of sociology at Yale and the author of Billionaire Wilderness, ... teleskiguy
Hawaii’s Mauna Loa Observatory Just Captured Ominous Signals About the Planet’s Health Hawaii’s Mauna Loa Observatory just captured an ominous sign about the pace of global warming. Atmospheric levels of planet-warming carbon dioxide aren’t just on their way to yet another record high this year - they’re rising faster than ever, ... Cheechako
Ranked-Choice Voting Has Challenged the Status Quo. Its Popularity Will Be Tested in November. JUNEAU — Alaska’s new election system — with open primaries and ranked voting — has been a model for those in other states who are frustrated by political polarization and a sense that voters lack real choice at the ... Cheechako
.JPG)
