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Best of BS Opinion: Staring at an abyss, Occupy Wall Street 2 0, and more
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You may have heard that GameStop, yes that video game store from your childhood, is suddenly back in the news. The company’s stocks have soared by 1,700% in the last few days, suddenly making the struggling company a member of the exclusive Fortune 500 list, if only temporarily.
A Reddit page called WallStreetBets decided to take on a handful of huge hedge funds who were betting that the gaming company would fail. Known as shorting, the hedge funds have essentially been borrowing GameStop stocks from investors and then selling them off, hoping to buy them back at a later date for less money. They then return them to the original investor, pocketing the profit.
The Atlantic
MAGA Is an Extreme Aberration
All movements adjust their tactics over time. The president’s most extreme supporters have concluded that violence is useful.
January 15, 2021
REUTERS / Leah Millis
The moment at which the “Make America great again” movement became completely unmoored from the democratic process arrived at around 1 p.m. on January 6, when Congress was about to start certifying the 2020 electoral vote and, in doing so, seal President Donald Trump’s defeat. On a stage near the White House, the president was an hour into a rambling speech. Supervising the electoral-vote count would be Vice President Mike Pence’s job, and Trump had called upon him about 10 times to intervene. “If Mike Pence does the right thing, we win the election,” Trump had said. “You’ll never take back our country with weakness,” he went on to tell the crowd.
Taking note of farmer welfare, the Kerala way
Updated:
Updated:
January 02, 2021 00:45 IST
The political allegations levelled against the State in the context of the farmers’ protest are far removed from the facts
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The political allegations levelled against the State in the context of the farmers’ protest are far removed from the facts
For more than a month now, farmers are writing a new history, camping at the borders of Delhi. The concrete barricades, thorny iron fences and powerful water cannons have not been able to prevent their tractor trollies from reaching the vicinity of the national capital. They have been so determined and prepared that the Delhi winter has failed before them. Assembled in their thousands, they have established a new way of life at Singhu, Tikri, Ghazipur, Noida and Shahjahanpur. In some manner, the upsurge by these farmers resembles the ‘Occupy Wallstreet Movement’ in the United States, in 2011, whose slogan reverberates e
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This week we have a discussion between David Graeber and Jonathan Conning, Associate Professor of Economics at Hunter College at the Graduate Center, CUNY. The discussion took place at Hunter College in April 2012. The topic was the book
Debt: The First 5000 Years.
From
Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter system-to relieve ancient people from having to haul their goods to market. The problem with this version of history? There s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that 5,000 years ago, during the beginning of the agrarian empires, humans have used elaborate credit systems. It is in this era, Graeber shows, that we also first encounter a society divided into debtors and creditors.
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