Joe Biden’s executive memorandum doesn’t go far enough.
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Joe Biden speaks about his racial equity agenda.
President Joe Biden is looking to make good on a promise that every president since Bill Clinton has formally offered, in some shape or form: to uphold the sovereignty of tribal nations. If he actually follows through, it could change the face of land rights, conservation, and drilling battles across the nation.
The executive memorandum issued by the White House earlier this week announced that it would be a “priority” for the administration to ensure a thorough consultation process on future economic and extractive projects that intersect with Native communities and their lands and waterways. It’s a sensitive topic: American domestic production of natural gas, oil, and minerals has come at great cost to Indian Country. The objections of affected tribes have mostly been ignored. From Navajo Nation to the Shoshone-Bannock Tribes to Alaska
GameStop stock dips as apps like Robinhood restrict trading
The stock market fiasco centered around GameStop continues to twist and turn.
In the latest leg of the saga, a number of apps used by the general public to trade stock in public companies have blocked the ability to buy some shares, preventing smaller-scale investors like the folks at r/WallStreetBets from continuing to buy up GameStop stock and fuel losses for stock market short sellers that bet on declining share value.
News broke earlier this morning that Robinhood was no longer allowing its users to pick up shares of many companies targeted by Reddit s WallStreetBets group this week, including GameStop, AMC, BlackBerry, and Nokia, though selling features remain uninterrupted.
Representative Alexandria Ocasio-Cortez assailed the trading curbs imposed on GameStop Corp. by Robinhood Markets Inc. and other platforms, saying the restrictions on high-flying stocks demand closer scrutiny from U.S. regulators and Congress.
The New York Democrat, a top voice in the progressive movement and a member of the House Financial Services Committee, said in a series of tweets that she would favor holding hearings on restrictions affecting stocks such as the video-game retailer GameStop, which fell as much as 68% Thursday after curbs were imposed.
“This is unacceptable,” Ocasio-Cortez wrote in a tweet Thursday. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”
AOC urges scrutiny of Robinhood moves to curb GameStop
Jordan Fabian, Erik Wasson and Jarrell Dillard, Bloomberg News
Retail investors are making a change for the good: WallStreetBets founder VIDEO SIGN OUT
Representative Alexandria Ocasio-Cortez assailed the trading curbs imposed on GameStop Corp. by Robinhood Markets Inc. and other platforms, saying the restrictions on high-flying stocks demand closer scrutiny from U.S. regulators and Congress.
The New York Democrat, a top voice in the progressive movement and a member of the House Financial Services Committee, said in a series of tweets that she would favor holding hearings on restrictions affecting stocks such as the video-game retailer GameStop, which fell as much as 68 per cent Thursday after curbs were imposed.
Jan 28, 2021, 7:22 PM – Updated on Jan 28, 2021, 8:26 PM
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Alexandria Ocasio-Cortez
The New York Democrat, a top voice in the progressive movement and a member of the House Financial Services Committee, said in a series of tweets that she would favor holding hearings on restrictions affecting stocks such as the video-game retailer GameStop, which fell as much as 68% Thursday after curbs were imposed.
“This is unacceptable,” Ocasio-Cortez wrote in a tweet Thursday. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”