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jcitybone

https://www.huffpost.com/entry/sen-warren-gamestop-reddit-stocks_n_6011d3d8c5b67848ee7d9361

Sen. Elizabeth Warren (D-Mass.) put Wall Street on notice Wednesday amid the ongoing David and Goliath battle over GameStop stock organized by a group of Reddit users.

“With stocks soaring while millions are out of work and struggling to pay bills, it’s not news that the stock market doesn’t reflect our actual economy,” Warren said in a statement.

It’s true: Despite the coronavirus pandemic that caused skyrocketing unemployment, the stock market has soared to record heights over the last year, underscoring that it does not offer a complete picture of economic health.

Warren continued: “For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price.”

She concluded that it is “long past time” for the Security and Exchange Commission and other regulators “to wake up and do their jobs.”

″[A]nd with a new administration and Democrats running Congress, I intend to make sure they do,” she said.

humphrey

Of course the stock market is fair and balanced!🤔🙄

https://thehill.com/policy/technology/536272-robinhood-restricts-trading-on-companies-targeted-by-reddit-users

Robinhood on Thursday blocked users from buying or trading stocks popular on a Reddit subforum, including GameStop, AMC and BlackBerry.

Under the new limits, users will be allowed to close out existing trades, but won’t be able to acquire new shares.

“We continuously monitor the markets and make changes where necessary,” the day-trading app wrote in a blog post. “In light of recent volatility, we are restricting transactions for certain securities to position closing only.”

The decision to restrict trading of the skyrocketing stocks comes amid an effort by users on the r/WallStreetBets forum to work together to drive up the price of stocks that traditional hedge funds have shorted.

More traditional trading platforms like Charles Schwab and TD Ameritrade earlier restricted trading of the popular shares.

Robinhood’s move on Thursday triggered swift backlash.

Shortly after its announcement, tens of thousands left one-star reviews for the app on the Google Play store.

The top post on the r/WallStreetBets subreddit calls the move “market manipulation.” Several other popular submissions call for a class action lawsuit against Robinhood.

wi63

My son got in on the action, he likes day trading and does this as a hobby using his disposable income. He did make some money off the billionaires but not a life altering amount by any means. He will be playing with house money for future trades for a while. He’s happy that he was a small part of as we would say “stick’en it to da man”

polarbear4

hug to your son. :o)

jcitybone

Disgusting when Dem governors act just like Republican governors to make themselves look better.

Actually, I’m encouraged that AG James came out with this report. She has been pretty much a Cuomo ally.

https://www.nytimes.com/2021/01/28/nyregion/nursing-home-deaths-cuomo.html

The New York State attorney general accused the Cuomo administration of undercounting coronavirus-related deaths at nursing homes by as much as 50 percent, according to a report released on Thursday.

The count of deaths in state nursing homes has been a source of controversy for Gov. Andrew M. Cuomo and state Health Department officials, who have been sensitive to any suggestion that they played any role in the number of nursing home deaths, which the state put at more than 8,500.

They have also been accused of obscuring a more accurate estimate of nursing home deaths, because the state only counted deaths at the actual facilities, rather than including deaths of residents who were transferred to a hospital and died there.

In the 76-page report released by the attorney general, Letitia James, a survey of nursing homes found consistent discrepancies between deaths reported to the attorney general’s investigators and those officially released by the Health Department.

jcitybone

https://www.nytimes.com/2020/12/15/us/coronavirus-vaccine-doses-reserved.html

As a growing number of coronavirus vaccines advance through clinical trials, wealthy countries are fueling an extraordinary gap in access around the world, laying claim to more than half the doses that could come on the market by the end of next year.

While many poor nations may be able to vaccinate at most 20 percent of their populations in 2021, some of the world’s richest countries have reserved enough doses to immunize their own multiple times over.

With no guarantee that any particular vaccine would come through, these countries hedged their bets on a number of candidates. But if all the doses they have claimed are delivered, the European Union could inoculate its residents twice, Britain and the United States could do so four times over, and Canada six times over, according to a New York Times analysis of data on vaccine contracts collected by Duke University, Unicef and Airfinity, a science analytics company.

“The high-income countries have gotten to the front of the line and cleared the shelves,” said Andrea Taylor, a Duke researcher who is studying the contracts.

As stark disparities in vaccine access become more visible, there is mounting pressure on wealthy countries to alter their plans.

Australia, Britain, Canada and the European Union have all made financial commitments to Covax. Now, they are being encouraged to stagger the delivery of their own doses so the developing world won’t be stuck at the end of the line.

“The worst possible outcome is you’re offering vaccines to a whole country’s population before we’re able to offer it to the highest-risk ones in other countries,” said Dr. Bruce Aylward, a senior adviser to the W.H.O.’s director-general who is working on the global vaccine initiative.

Rich countries, which may well end up with more doses than they need, are also being asked to donate vaccines. Canada has already begun discussions about how it might do that.

So far, the United States has been glaringly absent from efforts to address vaccine inequities. It has provided no assistance to Covax, and President Trump has promoted vaccine nationalism at every turn.

But he signed an executive order this month stating that once the federal government determines there is a sufficient supply for Americans, it will facilitate international access to its vaccines “for allies, partners and others.”

And with President-elect Joseph R. Biden Jr. a month from taking office, Covax officials hope the United States will do more. Mr. Biden has already pledged to reverse his predecessor’s withdrawal from the W.H.O.

But even if rich countries donate their excess vaccines, the rest of the world will not have all the doses it needs by the end of next year.

Some experts predict it will be 2024 before there is enough vaccine. Others, like Dr. Hatchett, think that as more people get sick and acquire natural immunity, the need for the vaccine will diminish and the supply will be adequate by late 2022.

Either way, many more people will die along the way.

And if it turns out this is a vaccine that is required every year, like the flu shot, that will change the projections entirely, said Dr. Krishna Udayakumar, director of the Duke Global Health Innovation Center.

“Then all bets are off,” he said.

jcitybone

https://www.wsj.com/articles/coronavirus-variant-in-u-k-probed-for-increased-risk-to-younger-people-11611661304

Doctors began noticing the change in December as the U.K.’s new coronavirus variant spread. In hospital critical-care units, they were seeing more younger people and women with serious cases of Covid-19, a disease that has inflicted its worst symptoms largely on older patients and men.

The shift—backed up now by statistical studies—is part of an urgent puzzle preoccupying British public-health officials as they race to understand a strain of the virus that is more transmissible and, some studies indicate, could be deadlier than earlier versions.

jcitybone

https://apnews.com/article/public-health-coronavirus-pandemic-africa-south-africa-south-carolina-2bc397370cdd44afe916ddd6edbaf870

A new coronavirus variant identified in South Africa has been found in the United States for the first time, with two cases diagnosed in South Carolina, state health officials said Thursday.

The two cases don’t appear to be connected, nor do the people have a history of recent travel, the South Carolina Department of Health and Environmental Control said.

“That’s frightening,” because it means there could be more undetected cases within the state, said Dr. Krutika Kuppalli, an infectious diseases physician at the Medical University of South Carolina in Charleston. “It’s probably more widespread.”

humphrey

orlbucfan

T and R, LD and JD!! ☮️😊👍I’ve been following the GameStop story, too. Fascinating.😊

humphrey

I wouldn’t call this good publicity.🤦‍♀️🤦‍♂️

https://thehill.com/homenews/administration/536273-bidens-brother-promotes-relationship-with-president-in-law-firm-ad

President Biden’s younger brother Frank Biden promoted his relationship with the president in an advertisement for a law firm published on Inauguration Day.

Frank Biden, listed as a non-attorney senior adviser for Berman Law Group in Boca Raton, Fla., was featured in the firm’s ad in the Daily Business Review along with quotes describing his relationship with the new president and their family name, CNBC reported.

The ad described the law firm’s class-action lawsuit against a group of sugar cane growers in the Sunshine State, saying both Biden brothers “have long held a commitment to pushing environmental issues to the forefront.”

“My brother is a model for how to go about doing this work,” Frank Biden said in the ad, according to CNBC. “One of his central tenets is that one should never question another man’s or woman’s motives or assign blame to them. That way, you avoid creating a disparity that prevents any kind of coming together. You can of course question someone’s judgement, and that’s what we’re doing by bringing this to court.”

The ad reportedly implies that Frank Biden was brought in because of the “Biden reputation for and motivation to engage in philanthropic, social and environmental issues that presented themselves.”

Along with the quotes, the ad included 800 phone number.

polarbear4

runs in the family.

jcitybone

https://www.latimes.com/opinion/story/2021-01-27/biden-climate-congress-trump-carbon-motor-vehicles?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_content=20210128&utm_medium=email&utm_source=Revue%20Daily

The Earth is, beyond reasonable doubt, careening toward climate catastrophe in a man-made crisis propelled by the technological advancements that enabled us to power homes, businesses and cities with fossil fuels, and then exacerbated by a dangerous level of political and economic myopia. Now the world is watching the results of global warming, and the impacts are undeniable — as is the hard reality that we have waited too long and done too little to fix it.

The advent of the Biden administration, while not some sudden flick of a switch to a better future, is nevertheless welcome. His announcement Wednesday of additional climate-focused policies — aimed at, among other things, ending carbon pollution from power plants by 2035, reaching a national net-zero economy by 2050 and bolstering communities that have been disproportionately affected by emissions — followed first-day executive actions that sought to undo many of the dangerous and ill-advised policies of the Trump administration.

This is by no means an exhaustive list, but so far Biden has ordered that climate change be part of policy decisions across the federal government, rescinded a presidential permit for the Keystone XL pipeline from Canada to Nebraska, halted new oil and gas developments in the Arctic National Wildlife Refuge, ordered a freeze and review of Trump regulations promoting fossil fuels and rolling back vehicle emissions standards, and announced that the U.S. would rejoin the 2015 Paris agreement.

He also pledged Monday to replace the federal government’s fleet of about 650,000 motor vehicles with electric models, which would be a significant boon to the fledgling market for clean cars and trucks.

Good. Keep going, Mr. President.

One of the many lessons reinforced by the Trump administration, however, is that executive actions can be fleeting. Good policies by one administration can be undone by the next and then reversed again by a third. Combating climate change is too vital to our existence for such fickleness.

Congress needs to involve itself here to both stabilize how the nation approaches energy policy and to craft laws that will force the U.S. into a faster and more robust transition from fossil fuels to renewables while helping workers and communities adapt. We won’t get prescriptive about specifics (though here’s one: Congress ought to revoke its 2017 approval of drilling in the Arctic National Wildlife Refuge), but some broad contours are clear, and frameworks have already been floated by members of Congress.

We need the government to intervene in the energy system, from production to consumption, through laws and regulations that will hasten the build-out of electric charging stations and lower the price of electric vehicles, create disincentives for vehicles that burn fossil fuels (a carbon tax would be a good start), and offer incentives to consumers to scrap existing gas-guzzlers (the three top-selling motor vehicles in the U.S. last year were relatively low-mpg pickup trucks). We also need to get more aggressive and creative in designing green new buildings, retrofitting old structures and converting homes from heating with natural gas or oil to renewable electricity.

Yes, we can hear the sputtering. This is going to be insanely expensive. But it’s unavoidable.

It’s numbing, and depressing, to contemplate how little the U.S. and the world have done to combat global warming in the five years since the Paris agreement. Even as the world’s nations agreed to work together to try to keep the rise in global temperatures to less than 2 degrees Celsius above preindustrial levels, with a target of 1.5 degrees, scientists have warned that individual nations are not doing enough to achieve that goal.

The past brought us here. The present will determine our future. We are collectively the cause of, and the solution to, this problem. We must get to it.

humphrey

jcitybone

https://www.theguardian.com/us-news/2021/jan/27/joe-biden-climate-change-executive-orders?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_content=20210128&utm_medium=email&utm_source=Revue%20Daily

The directive opens up a path to the banning of all new drilling on federal land, a campaign promise made by Biden that has been widely praised by climate groups and caused outrage within the fossil fuel industry. Biden has called the climate crisis the “existential threat of our time” and the White House has said the new executive orders will help push the US towards a goal of net zero greenhouse gas emissions by 2050.

“President Biden and his administration are taking an important step in the right direction by limiting oil and gas development on federal lands,” said Robert Howarth, professor of ecology at Cornell University, who added that the world “must rapidly transition away from fossil fuels” to avoid disastrous climate change.

Jesse Prentice-Dunn, policy director at the Center for Western Priorities, added that “Hitting pause on oil and gas leasing is a crucial first step toward reforming a rigged and broken system that for too long has put oil and gas lobbyists ahead of the American people.”

Around a quarter of the US’s planet-heating emissions comes from fossil fuel production on public lands and it is estimated a national ban on leasing would reduce carbon emissions by 280m tons a year. Donald Trump’s administration opened up almost all federally owned land to drilling, a move cheered as a job creator by industry but decried by environmentalists and Native American tribes.

“There has to be a balance point: people over money,” said Daniel Tso, a member of the Navajo Nation.”I welcome an end to federal fossil fuel leasing and the necessary transitions to more sustainable economies for the Navajo Nation.”

Kathleen Sgamma, president of the Western Energy Alliance, which represents oil and gas drillers in western states, has said her group will challenge the moratorium in court. “The environmental left is leading the agenda at the White House when it comes to energy and environment issues,” she said.

In all, the climate package is a strong repudiation of the Trump administration, which consistently sidelined or derided climate science, dismantled policies designed to lower emissions and withdrew from the Paris climate deal.

“This is the single biggest day for climate action in more than a decade, and what makes it all the better is that President Biden and Vice-President Harris are just getting started,” said Gene Karpinski, president of the League of Conservation Voters.

jcitybone

https://www.politico.com/news/2021/01/28/biden-trump-anti-abortion-rules-463347

President Joe Biden will sign executive orders on Thursday aimed at rolling back some of the Trump administration’s most far-reaching abortion restrictions, including one denying U.S. aid to health groups abroad that provide information about the procedure.

The actions will begin restoring federal support to abortion providers and organizations that offer abortion counseling while promoting the new administration’s reproductive rights agenda on the global stage.

humphrey

Benny

That’s reassuring. not.

humphrey

humphrey

jcitybone

The Congressional Progressive Caucus is not plotting their M4A strategy based on Pelosi’s happiness but based on what they believe is the best path to eventual M4A given the current make up of Congress. I trust Pramila Jayapal’s judgment (the actual House M4A sponsor) (and the rest of the CPC) on how to move M4A forward over Gray’s.

humphrey

You also trust Biden to deliver on his agenda. Me not so much.

jcitybone

Biden delivering on his agenda and the CPC negotiating the politics of the House have nothing to do with each other. And no I don’t trust Biden to deliver on a progressive agenda. That’s why he needs to be pushed by progressives like they did below. Biden’s agenda and a progressive agenda have things in common but aren’t the same.

humphrey

You are right about your last sentence. Unfortunately Biden is looking for things that are in common with republicans.

wi63

The 64,000 question is will Byedone go the reconciliation route once it sinks in the the 🐢 wont play ball. Bernie all ready knows that they wont cooperate. Sleepy Joe has to wake up out of his coma and understand that the R’s dont want to play ball.

orlbucfan

Doubt Braindead is capable of it. Remember he has always been RW.

wi63

Nor I but i’ll take suggestions for seasonings if i have to eat some crow 🙂

polarbear4

we’ll have to see how things shake out, but Briahna really does need to take a break! the egos have really dug in on this, and the longer she chews this bone, the farther a lot of former fans get.

orlbucfan

We older folks forget the generation Briahna is part of. They are the millennials, the ones right before and after them. I will be dead and gone in a few years. They won’t . It is a shitty world right now and I sympathize with them 100%. They have a right to be pissed and make changes now.