The human spirit is itself the most wonderful fairy tale that can possibly be. What a magnificent world lies enclosed within our bosoms! No solar orbit hems it in, the inexhaustible wealth of the total visible creation is outweighed by its riches!
BILLION-DOLLAR LULZ: How a Bunch of Redditors with $600 Stimulus Checks Outsmarted Wall Street Hedge-Fund Managers.
So What Is Short Selling? An Explainer
NPR – “By now, you’ve probably heard that an army of amateur investors ganged up on short sellers, causing them painful losses while sending shares of the beleaguered retailer GameStop soaring. You also may be asking, OK, but what is short selling? Short selling has nothing to do with summer wear or workout gear. It’s a common but controversial way of trading in financial markets. Let’s say an investor decides a company’s share price is overvalued and likely to fall. Markets provide a way to make that bet. The investor borrows shares of the company, normally from a broker. The short seller then quickly sells the borrowed shares into the market and hopes that the shares will fall in price. If the share prices do indeed fall, then the investor buys those same shares back at a lower price. The short seller then returns the shares to the lender and makes a profit by pocketing the difference…”
See also Barrons’ – The GameStop Revolt Has Just Begun. Get Ready.
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Government taskforce calls for simplified cyber security standards |
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The effort between the NSW government, AustCyber and Standards Australia aims to adopt common standards for managing cyber security risks.
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To level up and boost the economy, let’s tax ‘capital gains’ like we do income (22 Jan 2021)
MEPs vote to add Channel and British Virgin Islands to tax haven blacklist (22 Jan 2021)
UK House of Lords Debate - Tax: Church Action for Tax Justice Reports (21 Jan 2021)
UK House of Lord Debate : Capital Gains Tax (20 Jan 2021)
- UK government authorises corruption investigation into the British Virgin Islands administration (18 Jan 2021)
- British Virgin Islands' governor launches inquiry into alleged corruption(18 Jan 2021)
- HMRC: Capital Gains Tax (CGT) Statistics 2018-19 (17 Jan 2021)
- HMRC Table 5: Estimated number of individuals, gains and tax accruals by UK country - 2011-12 to 2018-19 (17 Jan 2021)
- HMRC Table 1: Estimated taxpayer numbers, gains and tax accruals by year of disposal 1987-88 to 2018-19 (17 Jan 2021)
- HMRC Table 4: Numbers of Entrepreneurs' Relief [ER] liable taxpayers, amounts of gain qualifying for ER and tax charged at ER rate by year of disposal 2011-12 to 2018-19 (18 Jan 2021)
- HMRC pursues multiple criminal investigations in corporate tax disputes(11 Jan 2021)
‘A $75 Million Bet That The Future Of Photography Won’t Always Involve Cameras’
“Leading stock photography company Shutterstock announced today that it has acquired TurboSquid, a digital media company that sells 3D assets, for $75 million. The move is both a talent and an IP acquisition, and it will give Shutterstock’s two million customers … access to raw materials for making images from scratch.” – Fast Company
Saturday’s good reading and listening for the weekend
What people in other forums are saying about public policy Continue reading
Henry Farrell reviews Mike Konczal
Wombats, Cowen’s Second Law, and to the benefit of all. It is an article that keeps on surprising you
Why was autocratic rule more stable in China than in Europe?
One guy who helped to drive GameStop (WSJ)
A review of the definition of market manipulation, for those of us who need it
Our FDA regulatory state is failing us against Curative as well.
Game theory and the search for life, clever
Please Stop Calling Things Archives
A flash drive is not an archive, a website is not an archive, and the internet is not an archive…”