Following yesterday’s story, I got pushback from readers that asserted the supposed WallStreetsBets silver squeeze was, in fact, a ruse from hedge funds to distract retailer investors from the GameStop and AMC squeezes.
If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are.
By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver.
The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in.
Another sign it’s a ruse: Citadel Securities, one of the primary hedge funds backers, evidently holds shares in 17 different silver companies.
That’s one of the problems with a decentralized swarm attack: If nobody’s in charge, then it’s much harder to filter out the noise to determine the true direction of the swarm. That can be a strength, but it also makes the swarm vulnerable to ruses like this. Extracting a signal from the huge wave of noise in everyday financial transactions is a daunting problem under the best of circumstances even when giant hedge funds aren’t baiting friendly MSM outlets with elaborate ruses. (Or, I should say, when giant hedge funds aren’t baiting friendly MSM outlets with elaborate ruses even more than they usually are.)
Whatever the source, many bullion dealers were reporting a huge run on silver due to a spike in demand, though physical silvere seemed to be doing much better than “paper silver” (i.e., the futures market). Today spot silver prices are back down in early trading.
Remember, I said yesterday that a silver squeeze was unlikely to work.
With that out of the way, here are some other WallStreetBets/GameStop/etc. news:
Adam Ford with Not The Bee explains the GameStop short squeeze, including more background detail on the origins of the squeeze than was in my original post:
Glenn Greenwald goes into more detail on the GameStop squeeze and Melvin Capital:
The usual Greenwald leftwing caveats apply. (Hat tip: Zero Hedge.)
GameStop stock is back up this morning after Robinhood lifted restrictions on buying shares.
Texas Attorney General Ken Paxton has launched an investigation into “Robinhood, Discord, Citadel and other trading apps that put curbs on stock trading” in GameStop.
Noon Update: And now GameStop, AMC and Silver are all way down right now. Never invest what you can’t afford to lose…
Seldom has Wall Street moved so blatantly and illegally as they have today to crush the retail investors carrying out the GameStop Short Squeeze. This is a fast-moving story, so here are a few highlights from today’s developments:
The Robinhood trading platform has halted trading of stocks noted for being shorted by hedge funds:
Robinhood won’t allow purchases of $AMC, $BB, $GME – ONLY SALES. This is a brazen market manipulation to disadvantage small investors & help big hedge funds like Melvin who shorted these stocks.
If this is true, and it applies to cash-purchased shares and not those bought on margin (a margin call is a different type of beast), then the leadership of Robinhood should be arrested and charged with embezzlement and grand larceny, no matter what their EULA claims they can do.
Short sellers reportedly sustained losses of $70 billion so far in 2021. (Hat tip: Daddy Warpig.)
Sean Davis explains that Wall Street insiders have simply decided that the vile peasants must not be allowed to win:
What’s happening right now is Wall Street realizing that retail investors, whom Wall Street mocks as nothing more than dumb commission factories for big brokerages, actually have some power that Wall Street believes it has a divine right to wield. That cannot be allowed. (2/x)
Wall Street, you see, is allowed to make money no matter what. That was the lesson of 2008. Who cares that it’s Wall Street who destroyed the housing market/economy by lying about the risk of their garbage mortgage derivatives? They were entitled to bailouts. (4/x)
So don’t get conned by those claiming hedge funds are just trying to protect the markets and price transparency and efficiency and blah blah blah. This is a war between corrupt institutions and normal people, and the institutions simply will not allow the normals to win. (6/6)
The #RobinHood scandal reminds me of when millions of Americans organized to flee Facebook & Twitter for Parler—and then a bunch of crooks (Google & Apple) shut it down by pretending that the competition was illegal.
Wall Street & Big Tech are criminal, colluding enterprises.
Literally the world's dumbest fucking people – the absolute dumbest, can't get dumber – are those who don't just claim but really believe Wall St. firms pay powerful politicians gigantic sums for banal 45 minute speeches because they want their wisdom rather than their servitude: https://t.co/fP4DbJKMei
Eric Weinstein’s exegesis on the expansion of wrestling’s kaybafe to the political world may also apply to Wall Street. “Were Kayfabe to become part of our toolkit for the twenty-first century, we would undoubtedly have an easier time understanding a world in which investigative journalism seems to have vanished and bitter corporate rivals cooperate on everything from joint ventures to lobbying efforts.” If all of Wall Street is in on a con game against ordinary investors, and is willing to blatantly break the law to keep any insider from being trounced by mere peasants, then we no longer have anything resembling a free market in stocks. And if Wall Street is running a crooked game rather than a free market, then conservatives are no longer obligated to protect Wall Street. Too cynical? Possibly. But it isn’t a hypothesis we can reject out of hand.
if Dogecoin is up 500%, now I want a more obscure cryptocoin to speculate on…
What really gives me pause is this: Everyone in the world was paying attention to the GameStopo short-selling shenanigans the last few days, and they’re still blatantly, and nakedly, trying to illegally rig the system, even though they’re in the wrong, and even though everyone is watching. If they’re willing to so blatantly break the law with everyone watching, what sort of crimes are they getting away with when we’re not watching?
Here’s a Wall Street story that has everything to do with the current political moment.
GameStop is the video game retailer that almost went out of business last year. This year, a whole bunch of powerful hedge funds bet on GameStop stock going by selling the stock short.
For those unfamiliar, a short squeeze happens when a rising stock price forces short-sellers out of their position. When panic strikes and those sellers buy back stock, they send shares even higher. Here, you have what InvestorPlace Markets Analyst Tom Yeung calls a powerful feedback loop.
Yeung also sees GME stock as being a particularly relevant candidate for a short squeeze. Right now, 71.2 million of its shares are being sold short. That is even more than its total outstanding share count!
Enter Wallstreetbets- A trading/investing subreddit. Someone noted that these hedgefunds shorted 140% of all shares available.
These hedgefunds were so damn greedy, they borrowed more shares than actually existed. That's how arrogant and dumb they were. pic.twitter.com/MpsFwMdqdM
And so we reach our main story of how the hedgefund's greed ruined them.
Realizing that these hedgefunds shorted GME by a ridiculous amount, these Redditors (normal people like you and me), bought every share they could get their hands on. Driving the price up like crazy. pic.twitter.com/ojvdEZhNXb
So eventually, the due date for when these hedgefunds need to return the borrowed shares comes closer.
And what do they do?
They double down.
They short MORE. Because they're sure that they can manipulate the stock enough to get it to crash, thereby saving themselves. pic.twitter.com/xIi5iwpV4h
So the short selling bear hedge funds are totally screwed. The result? Carnage:
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop’s stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop’s stock as high as $380 on Wednesday, up from $18 just a few weeks ago.
The stunning seizure of power gives some validation to smaller-pocketed investors, many of whom are encouraging each other on Reddit and are trading stocks for the first time thanks to brokerages offering free-trading apps. It’s also left more investors on Wall Street asking if the stock market is in a dangerous bubble about to pop, as AMC Entertainment, Bed Bath & Beyond and other downtrodden stocks suddenly soar as well. The S&P 500 set a record high earlier this week, though it fell Wednesday.
Two investment firms that had placed bets for money-losing GameStop’s stock to fall have essentially thrown in the towel. One, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet and took “a loss, 100%” to do so.
Snip.
Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. He denied rumors that the hedge fund will fail. The size of the losses taken by Citron and Melvin are unknown.
Before its recent explosion, GameStop’s stock had been struggling for a long time. The company has been losing money for years as sales of video games increasingly go online, and its stock fell for six straight years before rebounding in 2020.
That pushed many professional investors to make bets that GameStop’s stock will decline even further. In such bets, called “short sales,” investors borrow a share and sell it in hopes of buying it back later at a lower price and pocketing the difference. GameStop is one of the most shorted stocks on Wall Street.
But its stock began rising sharply earlier this month after a co-founder of Chewy, the online seller of pet supplies, joined the company’s board. The thought is that he could help in the company’s transformation as it focuses more on digital sales and closes brick-and-mortar stores. Its shares jumped to $19.94 from less than $18 on Jan. 11. At the time, it seemed like a huge move for the stock.
Smaller investors were meanwhile exhorting each other online to keep GameStop’s stock rolling higher.
The raucous discussions are full of sarcasm, self deprecation and emojis of rocket ships signifying belief that GameStop’s stock will fly to the moon.
Snip.
There is no overriding reason why GameStop has attracted this cavalcade of smaller and first-time investors, but there is a distinct component of revenge against Wall Street in communications online.
“The same rich people that caused the market crash in 2007/08 are still in power and continue to manipulate the market to get even richer, we are just taking back our fair share,” one user wrote on Reddit.
“hey mom i can’t come up for dinner,” another user wrote. “i’m bankrupting a 10 figure hedge fund with the boys.”
Beyond personal attacks, the battle has also created big financial losses for Wall Street players who shorted GameStop’s stock.
As GameStop’s gains grew and short sellers scrambled to get out of their bets, they had to buy shares to do so. That accelerated the momentum even more, creating a feedback loop. As of Tuesday, short sellers of GameStop were already down more than $5 billion in 2021, according to S3 Partners.
Much of professional Wall Street remains pessimistic that GameStop’s stock can hold onto its immense gains. The company is unlikely to start making big enough profits to justify its $22.2 billion market valuation anytime soon, analysts say. The stock closed Wednesday at $347.51. Analysts at BofA Global Research raised their price target Wednesday — to $10.
All the mania is raising some concern that investors are taking excessive risks, and reporters asked Federal Reserve Chair Jerome Powell on Wednesday whether the Fed’s moves to support markets through the pandemic is helping to push stock prices too high.
In short, the hedge funds suffered a serious bloodletting:
NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners
Did the Wall Street titans laid low by retail investors shrug their shoulders over the loss and slink off quietly into the night to lick their wounds? They did not. Instead, our elites staged a fullbore freakout over being beaten at their own game(stop).
were the ones manipulating the stock, but they got caught, and are now trying to take their ball and go home.
While these hedgefunds are on every news channel screaming about Reddit and Wallstreetbets, they inevitably draw attention to themselves, and what's going on.
Perhaps the most flagrant example was where noted CNN tool Chris Cillizza declared the GameStop short squeeze an example of Trumpism. Because how dare ordinary people think they can beat the elite at their own games?
Hate speech, White Supremacy, Racism, etc. These are the new catch-all for the government violating your rights. https://t.co/JMGS9e6YJW
— Article V Convention of States please (@philthatremains) January 27, 2021
(Babylon Bee: “Merriam-Webster Changes Definition Of ‘White Supremacist’ To ‘Anyone Who Wins In The Stock Market When They’re Not Supposed To’.)
There’s even the “Russia! Russia! Russia!” cliche:
Now they are blaming Russia for the move in GameStop.
Why? Because what they are not saying is the squeeze, along with Biden's destruction of the US economy in the name of climate change, has the potential to trigger a 2008 style financial collapse.pic.twitter.com/crF03bo0jz
And finally, a Berkeley professor wants you know they’re investing in GameStop because they’re not having sex:
Arm young men, in a basement, not at work, not having sex, not forming connection, with an RH account, a phone and stimulus and you have the perfect storm of volatility as they wage war against established players while squeezing the dopa bag,,,harder and harder
Secretary of the Commonwealth of Massachusetts William Galvin wants a 30-day trading suspension of GameStop, because retail investors can’t be allowed to make money off the mistakes of their betters.
There are valid reasons for hedge funds and short sellers to exist. But no one, least of all our corrupt political establishment, should let them get away with the classic “I keep my profits private but force the government to underwrite my losses” con game.
Reddit shuts down #wallstreetbets and I honestly think today is a defining day. This is no longer just a war of Big Tech against conservatives. Its just so delicious that @TheDemocrats have officially aligned themselves w Wall Street culture now. #GameOn
lmao some hedge fund might go bankrupt from redditors raising gamestop's stock as a joke.
Newsflash: if you can go bankrupt from one stock going up too much, you are running the same scam as the redditors, the only difference is you wear a suit and tie while you do it.
This may all seem extremely irrational. But thanks to the Federal Reserve’s endless money pump, the market has been irrational for a long time. And the biggest irrationality was short-sellers shorting more stock than actually existed.
I should point out that I have no money in GameStop, AMC, or Nokia stock (unless there’s some tucked away in one of my various 401K funds, which I rather doubt). Though honestly, as weird as this year is already going, I’m tempted to put a few hundred dollars in Dogecoin…
Texas Gov. Greg Abbott will welcome representatives from major stock exchanges, including Nasdaq, to Austin on Nov. 20 as the state makes a bid to be the top choice if the exchanges make good on threats to move their trading platforms out of New Jersey.
The Dallas Morning News reported last month that the governor’s office was in talks with Nasdaq and other exchanges about moving data centers to Dallas that power billions of dollars in trades each day on Wall Street.
The governor’s office confirmed the meeting, touting the state’s business-friendly environment.
“Texas continues to be the premier economic destination in the country, attracting more leading businesses than any other state,” spokeswoman Renae Eze said in a statement to The News. “The governor looks forward to meeting with Nasdaq and showcasing Texas’ business-friendly environment, skilled workforce, robust infrastructure, and low taxes, all of which foster greater economic growth in the Lone Star State.”
The downside is that this would make Dallas natives that much more insufferable… (Hat tip: Instapundit.)
The hidden Trump vote would appear to have thrown off the polls again — a phenomenon that illuminates the inhibited political ethos a punishing media has fostered in this country, where a significant swath of America quite understandably conceals its real views until it enters the privacy of the polling booth. The hidden Trump vote is a rebuke to the ruling class and its ambitions to control the minds of Americans through skewed and hectoring propaganda.
Pollster Frank Luntz has said that his industry will collapse if Biden loses. No doubt many members of it are trembling over the prospect. Again, a squeaker for Biden, should it happen, doesn’t exonerate them. As things stand at the moment, the betting odds and forecasts are rapidly changing and bear no resemblance to the polling industry’s pre-election picture.
Nor has the predicted demise of the Republican Senate come to pass. Whatever happens, this election can’t be characterized as the Blue Wave the elite had spent weeks expecting. Ironically, a Red Wave, with Hispanic voters riding it, crashed over the Democrats in Florida. That would suggest at least in one major state that the toxic identity politics of the Dems has backfired. How ironic it would be if the president, whom the Democrats have called a racist and xenophobe day in and day out for four years, should end up winning thanks to increased support from minorities unimpressed by that demagoguery. It would be an upending that Biden richly deserves. He has been utterly shameless in his race-based lying about the president, talking about saving the “soul of America” while engaged in the most cynical form of racial arson.
It also appears that the Democrats have paid some price for running so far to the left. Kamala Harris, the most liberal member of the Senate, has been a dead weight on the ticket. It would be wonderful if she ends up costing Biden parts of the Rust Belt. After having spent decades pretending to be a moderate, Biden formed a Faustian bargain with the far Left and adopted many of its radical positions. He could have moved to the middle by selecting a less extreme running mate. Instead, he threw his lot in with Bernie, Kamala, and AOC.
In the expectations game, the Democratic Party whiffed and whiffed badly. The Biden campaign and its allies managed to drive up turnout — but so did Trump. Republicans put up a hell of a fight, and not just, or even mainly, in the battle for the White House. Democrats have almost certainly failed to win a Senate majority, and so far they have lost some ground in the House as well (while still on track to maintain control of the lower chamber of Congress).
That means that Biden is on track to be a weak, ineffectual president governing at the mercy of Mitch McConnell’s Machiavellian machinations.
So much for the Democratic fantasy — the one that seemingly never dies — of unobstructed rule. Democrats didn’t just want to win and govern in the name of a deeply divided nation’s fractured sense of the common good. No, they wanted to lead a moral revolution, to transform the country — not only enacting a long list of new policies, but making a series of institutional changes that would entrench their power far into the future. Pack the Supreme Court. Add left-leaning states. Break up others to give the left huge margins in the Senate. Get rid of the Electoral College. Abolish the police. Rewrite the nation’s history, with white supremacy and racism placed “at the very center.” Ensure “equity” not just in opportunity but in outcomes. Hell, maybe they’d even establish a Truth and Reconciliation Commission to teach everyone who voted for or supported the 45th president just how evil they really are.
No wonder so many Republicans turned out to vote. Democrats proved to be the most effective GOTV operation for the GOP imaginable.
Yes, Trump and the Republican cheerleading section online and on cable news and talk radio harped on every extreme proposal. But this wasn’t just a function of the fallacy of composition, where one loony activist says something off the wall and the GOP amplifies it far beyond reason in order to tar the opposition unfairly. These were prominent Democrats — progressive politicians, activists, and scholars and prize-winning journalists at leading cultural institutions — talking this way. Joe Biden himself usually did the smart thing and tried to distance himself from the most radical proposals. But in the end it wasn’t enough to mollify fears of an ascendant left hell bent on entrenching itself in power and enacting institutional reforms that would enable it to lead a moral, political, and cultural revolution.
And therein lies a paradox that should be obvious but apparently isn’t: Democrats live in a country with a large, passionate opposition. Arrogant talk of demographic inevitabilities and transformative changes to lock Republicans out of power in the name of “democracy” has the effect of inspiring that opposition to unite against them, rendering political success less assured and more tenuous.
There will be no court packing. No added states. Nothing from the toxic progressive-fantasy wishlist will come anywhere close to passing. Instead, we will have grinding, obstructive gridlock. Some will demand that Biden push through progressive priorities by executive order. But every time he does — like every incident of urban rioting and looting, every effort to placate the left-wing “Squad” in the House, every micro-targeted identity-politics box-checking display of intersectional moral preening and finger-wagging — the country will move closer to witnessing a conservative backlash that results in Republicans taking control of the House and increasing their margin in the Senate in November 2022, rendering the Biden administration even more fully dead in the water.
On a House caucus call today, Democratic Representative Abigail Spanberger, reportedly in an agitated state, warned that Democrats “lost races we shouldn’t have lost.” She further claimed that “defund police almost cost me my race because of an attack ad. Don’t say socialism ever again. Need to get back to basics. . . . If we run this race again we will get f***ng torn apart again in 2022.”
Elsewhere, former Missouri senator Claire McCaskill had this to say: “Whether you are talking guns or . . . abortion . . . or gay marriage and rights for ‘transsexuals’ and other people who we as a party ‘look after’ and make sure they are treated fairly. As we circled the issues we left voters behind and Republicans dove in.”
I see other Democrats grousing today that their candidates in Florida and elsewhere were falsely labeled “socialist.” I’m sorry, if that’s not the message you want to send, perhaps Nancy Pelosi shouldn’t pose with a gaggle of Marxists on the cover of Rolling Stone. Perhaps Democrats should treat Bernie Sanders as a fringe crank rather than a comrade who’s just moving a tad too quickly. Maybe arguing “democratic” socialism is the good kind doesn’t quite do it for the folks in Des Moines.
What are voters in Texas supposed to make of every major presidential Democrat presidential candidate, including Joe Biden, giving their blessing to the authoritarian Green New Deal? Boy, fact-checkers had to work overtime to help Biden walk back those endorsements of fracking bans, of defunding the police, and of confiscating guns.
We may well have a president in a few months who says there are “at least three” genders. Which probably seems sane on Twitter, but less so in Jacksonville, Fla. McCaskill has already apologized for her use of the word “transsexuals.” Unlike progressive urban dwellers, one suspects the vast majority of suburban Americans have zero clue what McCaskill is sorry about. They may even believe that letting genetic boys compete with their daughters in track and field is ridiculous. They probably wouldn’t be crazy about being accused of being transphobic for taking this rational position.
Illinois Democrats are even more screwed than usual because voters just rejected a constitutional amendment to create a progressive income tax.
One of the most surprising results of the 2020 election was the defeat, in Illinois, of a state constitutional amendment to permit a progressive income tax. The Graduated Income Tax Amendment would have eliminated the Illinois constitutional requirement that tax rates remain flat across incomes. Its defeat is likely the most important political event for the state since I moved here 18 years ago. The proposed change in the state constitution was an effort by the dominant Democratic Party to continue its model of high taxes and high spending to support the base of its political muscle—public-sector unions. The party retains control of the legislature and the governor’s office, but it is politically cornered. Legislatively, it faces a choice between a reform agenda that would undermine its political base or a substantial tax increase on every working citizen.
The amendment went down to defeat for two overriding reasons—one analytical, the other more emotional. The first was that the proposed tax increase was not connected to any steps that would address the structural problems in Illinois finances. Illinois has the nation’s worst bond rating, largely because of its enormous unfunded pension liabilities. But Governor J. B. Pritzker, after taking office in 2019, has proposed no serious pension reforms. Nor has he pursued a deregulatory agenda that would lead to higher economic growth rates that might service these liabilities. And worse still, in connection with the referendum, he did not agree to use a substantial portion of the additional revenue flowing from the progressive tax rates to pay down these liabilities. Instead, much of the new revenue would have been spent on new programs or expanding old ones. His promise to use a mere $100 million of the new lucre to pay down pension liabilities was an insult to Illinois taxpayers who would see another $4 billion extracted from their pocketbooks.
The other reason for the amendments’ failure had to do with more stories of corruption coming out of Springfield. When state representatives are being indicted for extortion, citizens instinctively recoil at handing them more money. Even more problematic for the amendment’s prospects, it became clear that Michael Madigan—speaker of the house, chairman of the state Democratic Party, and undisputed power broker for the last three decades—was under investigation for getting ComEd, the state’s major utility, to hire some of his supporters in return for favors.
That investigation underscores the real scandal in Illinois: not merely the illegal trading in favors but the more damaging legal trading. Public-sector unions support the Democratic Party in return for the party giving them sweetheart deals with the state. Unfunded pension liabilities are the consequence because many politicians hope to retire or move on to the federal level before the full bill comes due.
West Virginia’s Democratic senator Joe Manchin says he won’t pack courts or end the filibuster. Maybe he should switch parties before he gets primaried by the hard left…
Put yourself in the shoes of the average college graduate today. It took you longer than expected to complete your “four-year degree” and you are almost $30,000 in debt. You are desperately searching for a job in your field before your student loan payments run you into the ground, assuming your rent and car payments don’t get you there first. The generations before you had student loan debt too, but not nearly to the same degree of an ever-present threat. How did you end up here, and what do you do now with the worldwide COVID-19 pandemic?
The business model adopted by our academic institutions is increasingly at odds with those seeking higher education and with the broader society as well. It is undesirable to have entire generations unable to participate in the economy, and as of June 2020, contribute a staggering $1.67 trillion to the national debt according to the National Reserve. This is more than auto loan debt and almost twice the amount of credit card debt in the US. It is crucial to understand the various factors that led to this predicament and to recognize where the system went wrong in order to find solutions.
The most obvious cause of this massive amount of debt is the continually rising cost of higher education. The College Board noted that in-state public college tuition from 1984 to 2014 increased by 225 percent. In the same timeframe, data from the US Census Bureau shows that the median family income has only increased by 24 percent, both figures accounting for inflation.
Snip.
So where is all this money going? While much of it goes to the salaries of faculty and the building and maintaining of facilities, a questionable amount goes to administration, another aspect of universities that has rapidly grown in recent decades. According to a 2014 Delta Cost Project report, the number of faculty and staff per administrator declined by roughly 40 percent at most types of colleges and universities between 1990 and 2012, now averaging around 2.5 faculty per administrator. In 2012, the number of faculty at public research institutions was nearly equal to the number of administrators.
“The interesting thing about the administrative bloat in higher education is, literally, nobody knows who all these people are or what they’re doing,” says Todd Zywicki, a law professor at George Mason University and the author of a paper entitled: ‘The Changing of the Guard: The Political Economy of Administrative Bloat in American Higher Education.’ Vague titles for administrative positions at institutions of higher education include Health Promotion Specialist, Student Success Manager, Senior Coordinator, and Student Accountability Manager. While some administration positions are surely useful and arguably necessary such as Director of Student Financial Aid, Director of Academic Advising, or those positions added in response to federal and state mandates, the salaries of administrative positions have rapidly increased.
“Azerbaijan Says It Shot Down Russian Helicopter ‘By Mistake.'” Oopsie!
Is the city of Austin trying to secretly stick a homeless shelter in north Austin? They evidently want to convert the Fairfield Inn on 183. The reviews for that place seem to have improved, but once it was infamous for reports of bedbugs…
All the reasons Quibi failed. Including only being available as a smart phone app (not on computers or TV) and “paying $6 million for Reese Witherspoon to do a voice-over for an animal show that nobody watched.” Also: Another failure for Meg Whitman.
Dreamhaven Books attacked (again). Owner Greg Ketter and another employee were attacked and robbed in the Minneapolis science fiction bookstore. This is the second attack on the store this year, as someone broke into the store and tried (unsuccessfully) to burn it down during the Antifa/BlackLivesMatter riots.
