| To: Don Green who wrote (28040) | 10/18/2021 9:47:24 AM | | From: Don Green | | | | The Evergrande crisis is spreading and slowing the Chinese economy sharply, UBS and Barclays warn
The Evergrande crisis is weighing on Chinese property investment and dragging the economy down, UBS and Barclays said.Both banks slashed their 2021 Chinese GDP forecasts, saying the energy crunch would also knock growth.China's economy is unusually reliant on property investment for growth, making Evergrande a big worry.The ongoing crisis at the property developer Evergrande is infecting the broader Chinese economy, according to UBS and Barclays, who warned that growth will be much lower than previously expected in 2021. |
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| To: Don Green who wrote (28041) | 10/18/2021 10:02:43 AM | | From: Don Green | | | | Former 'Empire' Star Jussie Smollett Finally Heads To Trial Over Alleged 2019 Hate Crime
Disgraced Empire actor Jussie Smollett claimed he was the victim of a Chicago hate crime in 2019 but as the police investigation progressed, detectives soon discovered holes in his story. Consequently, Smollett was arrested in February 2019 for felony disorderly conduct after turning himself in to the authorities.
Chicago police Superintendent Eddie Johnson said Smollett staged the attack because “he was dissatisfied with his salary.”
“I’m left hanging my head and asking why,” Johnson told reporters at the time. “Why would anyone, especially an African-American man, use the symbolism of a noose to make false accusations? How could someone look at the hatred and suffering associated with that symbol.
“How can an individual who has been embraced by the city of Chicago turn around and slap everyone in this city by making this false claim? Bogus police reports cause real harm.”
Smollett was hit with 16 felony charges in March 2019 in relation to the allegedly fabricated attack. All charges were inexplicably dropped just weeks later, sending shockwaves through the Chicago Police Department. In addition to all of the legal drama, Smollett wasn’t allowed to return to Empire for Season 6, which director Lee Daniels made abundantly clear while replying to a Variety article stating otherwise.
In February 2020, Smollett appeared before Judge James Linn and entered a not guilty plea on six new disorderly conduct charges following his indictment.
As the office of Special Prosecutor Dan Webb explained, “A Cook County grand jury returned a six-count indictment charging Jussie Smollett with making four separate false reports to Chicago Police Department officers related to his false claims that he was the victim of a hate crime, knowing that he was not the victim of a crime.” |
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| To: Don Green who wrote (28042) | 10/19/2021 8:38:50 AM | | From: Don Green | | | | SEC debunks conspiracy theories about meme stock mania
Photo: Alessia Pierdomenico/Bloomberg via Getty Images
The SEC issued its long-awaited report on the meme stock mania, which downplayed the narrative that a "short squeeze" was the primary driver behind GameStop's historic stock moves — and shot down conspiracy theories about the event.
Why it matters: The postmortem was highly anticipated, largely because of what it could hint about what the regulator thinks should be done in wake of the saga. But the report stopped short of specific policy recommendations.
Details: The 45-page report threw cold water on theories that bubbled up online to explain trading activity in GameStop.
For instance, SEC staff found no evidence of hedge funds “naked shorting,” i.e. short-selling shares that hadn't been borrowed, as some online posters claimed.It also ruled out the possibility that players like Citadel Securities were snapping up GameStop stock to hedge against the call options they were themselves writing.Worth noting: The SEC said hedge funds covering their short positions — which pushes prices higher — wasn’t the main factor behind GameStop’s prolonged share price surge. Instead, the agency blamed excitement around the stock.
What they're saying: "[I]t was the positive sentiment, not [hedge funds] buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock," the report says.
What to watch: The report didn't recommend specific policy changes, but said certain areas were ripe "for potential study and further consideration," like short-selling disclosures, and payment for order flow — all issues SEC Chair Gary Gensler previously flagged in appearances before Congress.
The report took aim at gamification in mobile trading apps: "Consideration should be given to whether gamelike features and celebratory animations ... intended to create positive feedback from trading lead investors to trade more than they would otherwise."Between the lines: The report leaves other questions about the saga unanswered, like how the brokerages decided they would restrict trading in GameStop and other meme stocks — and if hedge funds played any role (the hedge funds say they didn't).
It also doesn't address activity on Reddit message boards, and whether “bad actors manipulated social media to whip up positive sentiment,” as Reuters notes. |
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| To: Don Green who wrote (28043) | 10/19/2021 9:12:47 AM | | From: Don Green | | | | CNN Accidentally Allows Someone To Tell The Truth On Air
Less than a week after CNN scrambled to do damage control when their chief medical correspondent was wrecked by Joe Rogan over Ivermectin lies, the network may have another fire to put out...
Indeed, just days after anchor Don Lemon tried to 'networksplain' Rogan's argument, host Brian Stelter made the mistake of allowing former NYT Editor Bari Weiss on air to discuss examples of why the world has gone mad.
Stelter's first mistake, of course, was having Weiss on his show.
His second mistake was assuming she didn't have receipts when she said the world has gone mad.
"Where can I start? Well, when you have the chief reporter on the beat of COVID for The New York Times talking about how questioning or pursuing the question of the lab leak is racist, the world has gone mad.
When you're not able to say out loud and in public there are differences between men and women, the world has gone mad.
When we’re not allowed to acknowledge that rioting is rioting and it is bad and that silence is not violence, but violence is violence, the world has gone mad," Weiss said.
"When you're not able to say the Hunter Biden laptop is a story worth pursuing, the world has gone mad.
When, in the name of progress, young school children, as young as kindergarten, are being separated in public schools because of their race, and that is called progress instead of segregation, the world has gone mad. There are dozens of examples."
Stelter's third and final mistake was asking Weiss "who" is to blame?
“People that work at networks like, frankly, like the one I’m speaking on right now, who try and claim that it was racist to investigate the lab leak theory,” Weiss shot back, adding later that CNN and the MSM's actions were "disinformation by omission."
Watching Stelter's face alone is worth the price of admission.
CNN accidentally let someone tell the truth on air…
pic.twitter.com/SOCjP9lbq7
— Cabot Phillips (@cabot_phillips) October 18, 2021How did CNN not "lose" her feed halfway through that? |
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| To: Don Green who wrote (28044) | 10/19/2021 11:18:48 AM | | From: Les H | | | | It's because Trump and his followers repeatedly refer to Covid-19 as Kung Flu. It doesn't matter whether it came from a lab or the exotic animal trade. It looks like vendors and farmers may have falsified permits for animal in the markets. The Chinese authorities couldn't find one for bats or pangolins but found that all of the permits for exhibits' animals were illegal. Local authorities are probably at fault as they were also slow in responding to controlling the virus spread, forcing the central government to deploy the army to lock down Wuhan.
If you go around flinging racist epithets, you've pretty exposed your true nature and you have no right to complain about it. We're not on playgrounds flinging insults. Adults are expected to think and behave accordingly.
Some people are severely ignorant enough to attack all Asians as we saw before. |
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| To: Don Green who wrote (28046) | 10/19/2021 3:50:07 PM | | From: Les H | | | | | A lot of the news material is essentially clickbait targeted at generating revenues from people who have a very high sensitivity to a certain point of view and look for affirmation or confirmation. |
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| To: Les H who wrote (28047) | 10/19/2021 3:55:42 PM | | From: Les H | | | | Ray Dalio says the workplace is never going back to the same way it was pre-Covid
“The future of the workplace is going to be characterized by probably two things — customization and technology. We’ve been given a gift to be able to rethink what we are doing,” Dalio said Wednesday at CNBC’s @Work Summit. “I don’t think we are going to go back to the old world.”
cnbc.com
'We'll go back to relatively normal:' Bridgewater's Dalio assesses U.S. outlook amid coronavirus
westport-news.com
This guy is walking clickbait, always pontificating about things outside his narrow niche of macro trades. It's sad that QE-forever has made so many geniuses who can tell everyone what to do. |
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| To: Les H who wrote (28048) | 10/19/2021 4:41:07 PM | | From: Les H | | | | Colin Powell had been previously infected with Covid-19 and vaccinated as well
news.yahoo.com
Crucially, Powell suffered from a blood cancer known as multiple myeloma — precisely the kind of “immunocompromised” condition that experts have said from the start could lead to lower vaccine efficacy. In fact, the vaccines seemed to work especially poorly in patients afflicted with that type of cancer, even after a booster shot. (Powell also suffered from Parkinson’s disease, a neurodegenerative condition.) |
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| From: Les H | 10/19/2021 5:36:53 PM | | | | | | Analysis: Bitcoin futures highlight some pitfalls for new ETFs
"There is no free lunch, however," said Martha Reyes, head of research at digital asset prime brokerage and exchange BEQUANT.
"An ETF based on futures is not ideal as there is a cost to rolling into the futures contracts, given contango ... translating into underperformance versus the underlying asset," she said.
Traders typically roll over futures to switch from the short-term contract that is approaching expiration to another contract further out in months. This rollover entails a cost.
reuters.com |
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