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The sordid history of SPACs and 'blank check' IPO funds


Someone on Wall Street ought to erect a statue to Henry Villard.
Villard made the discovery that if you don’t tell investors how you’re going to spend their money, they get more eager, not less.
Seeking to raise several millions of dollars in capital to take over a company but unwilling to reveal his target for fear of driving its price beyond his reach, Villard sent out a prospectus for a “blind pool,” stating that he would reveal “the exact nature” of his plans 90 days hence.
Perhaps fueling the hype are.press reports that focus on a few successful, high-visibility SPACs. ....

United States , South Korea , South Korean , Michael Hiltzik , Russ Mitchell , Larry Kudlow , Leona Helmsley , Colin Kaepernick , Andrew Walker , Stanford White , Whitelaw Reid , Michael Klausner , Michael Ohlrogge , Henry Villard , Paul Ryan , Arianna Huffington , Wilbur Ross , Exchange Commission , Landcadia Holdings , Northern Pacific Railroad , Helmsley Palace Hotel , Purpose Acquisition Companies , York University , Wall Street , Special Purpose Acquisition Companies , Pulitzer Prize ,

Opinion/Commentary: Multiracial census designations affect demographics


In past decades, race and ethnicity could more easily be boiled down to Black and white.
Things were never that simple, of course, but people could accept the easily understood simplification without thinking about the evolution of American society.
America’s changing demographics — and changes in the ways the U.S. Census allows individuals to choose to describe their race and ethnicity — paint a more subtle and diverse mosaic. For the past 20 years, the census has allowed people to self-identify as being of more than one race.
The nation’s white majority isn’t disappearing. Instead, more and more Americans who consider themselves white, and many who consider themselves Black, are checking the box “two or more races,” as allowed by the census. ....

United States , University Of Virginia , Qian Cai , Rebecca Draughon , Whitelaw Reid , Bob Gibson , Uva Weldon Cooper Center , Census Bureau , University Of Virginia Cooper Center , Public Service , University Of Virginia Demographics Research Group , Demographics Research Group , Misleading Narrative , Disappearing White Majority , Hamilton Lombard , Weldon Cooper Center , Hispanic Americans , American Indian , Cooper Center , ஒன்றுபட்டது மாநிலங்களில் , பல்கலைக்கழகம் ஆஃப் வர்ஜீனியா , ரிபேக்க திரௌுகொண் , வைட்லா ரீட் , பாப் கிப்சன் , உவ வெல்டன் கூப்பர் மையம் , மக்கள் தொகை கணக்கெடுப்பு பணியகம் ,

Gibson: The misleading narrative about America's demography


In past decades, race and ethnicity could more easily be boiled down to black and white.
Things were never that simple, of course, but people could accept the easily understood simplification without thinking about the evolution in who makes up the fabric of American society.
America’s changing demographics — and changes in the ways the Census allows individuals to choose to describe their race and ethnicity — paint a more subtle and diverse mosaic. For the past 20 years, the Census has allowed people to self-identify as being of more than one race.
The nation’s white majority isn’t disappearing. Instead, more and more Americans who consider themselves white, and many who consider themselves black, are checking the box “two or more races,” as allowed by the Census. ....

United States , Qian Cai , Rebecca Draughon , Whitelaw Reid , Census Bureau , Weldon Cooper Center , Public Service , University Of Virginia Demographics Research Group , Demographics Research Group , Misleading Narrative , Disappearing White Majority , Hamilton Lombard , Cooper Center , Hispanic Americans , American Indian , ஒன்றுபட்டது மாநிலங்களில் , ரிபேக்க திரௌுகொண் , வைட்லா ரீட் , மக்கள் தொகை கணக்கெடுப்பு பணியகம் , வெல்டன் கூப்பர் மையம் , பொது சேவை , மறைந்து போகிறது வெள்ளை பெரும்பான்மை , ஹாமில்டன் லோம்பார்ட் , கூப்பர் மையம் , ஹிஸ்பானிக் அமெரிக்கர்கள் , அமெரிக்கன் இந்தியன் ,