The real force driving the GameStop revolution
Published article
GameStop store signage is seen on January 27, 2021 in New York City. Stock shares of videogame retailer GameStop Corp has increased 700% in the past two weeks due to amateur investors.
This was the week when a bunch of amateur traders made Wall Street s finest look like idiots.
From Jan. 25 through Jan. 29, a ragtag army of individuals sent shares in GameStop Corp. up 500%, and sent many others skyrocketing too. In three days, many of these stocks gained more than most do in a decade. The hedge funds on the other side of these bets lost billions.
Judge Katherine Levine (Levine via Facebook; Getty)
If a city agency makes a small change to its website, will a “usual Joe Schmo in Gowanus” know what that means?
That, more or less, was the subject of a nearly two-hour hearing Thursday on a lawsuit that seeks to stop the Brooklyn neighborhood’s rezoning from moving forward.
Kings County Supreme Court Judge Katherine Levine didn’t rule on that issue directly, but agreed to partially lift a temporary restraining order on the rezoning, allowing the Department of City Planning to release the remainder of the proposal’s application.
She said she is “predisposed” to allow the application to be certified, which would officially kickstart the city’s public land-use review process, but called on the city to find ways to ensure more people have access to virtual hearings held as part of the Uniform Land Use Review Procedure. She floated the idea of installing public computers in the Park Slope Armory.
White House Chief of Staff Mark Meadows with Donald Trump (File)
In mid-November, the Government’s top Coronavirus experts warned White House Chief of Staff Mark Meadows of “a surge upon a surge” after Thanksgiving.
Meadows, who tested positive in early November, said he did not believe them. He accused the experts Dr. Anthony Fauci, Dr. Deborah Birx, Centers for Disease Control director Robert Redfield, and Food and Drug Administrator Stephen Hahn of declaring problems without offering solutions.
By early December, the US was setting daily and weekly records for cases. On December 9, it broke the 3,000 mark for daily deaths. Five days later, the overall toll topped 300,000. And the following day, the daily death record reached 3,704.