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2021 Prediction #3: Get ready for more GameStops as hedge funds are no longer the only bullies in town Today is my birthday. Thirty-five years ago today I was drinking coffee in my Palo Alto kitchen when the Space Shuttle Challenger exploded on TV. Thirty years ago today my father fell over, instantly dead of a heart attack while walking between gates in the American Airlines terminal at DFW. I was expecting a call, just not that one. Life is full of surprises and some of them aren’t good, as hedge funds are learning this week while their fortunes are determined by millennial traders in sha...

Posted on January 23rd, 2021 High-ended retailer Saks Fifth Avenue added private security, fencing and barbed wire ahead of a Black Lives Matter protest in New York, June 7. 2020. (Anthony Quintano, CC BY 2.0, Wikimedia Commons) Michael Hudson and Pepe Escobar last month took a hard look at rent and rent-seeking at the Henry George School of Social Science. Michael Hudson: Well, I’m honored to be here on the same show with Pepe and discuss our mutual concern. And I think you have to frame the whole issue that China is thriving, and the West has reached the end of t...

Henry George School of Social Science Alanna: So, let’s formally start. Once we start to record Ibrahim is going to introduce the Henry George school and welcome everybody then I’m going to introduce from the bios; Michael and Pepe and then Michael will start with rent and rent seeking those who have comments or questions could put that in chat and then we’ll go to the chat at some point. Ibrahima: Welcome, my name is Ibrahima Drame and I’m the director of education at the Henry George school of Social Science it’s a great honor to have you with us today for this joint webinar co-or...

News Cash App, the Bitcoin-friendly payments application from U.S.-based financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin (BTC) giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has received more than 60,000 likes and 8,800 retweets at the time of writing. The rapper encouraged her followers to post “#BITCOINMEG” in order to be a part of the giveaway. The post does not make it clear how much BTC each person will receive, saying: “I’m giving $1 MILLION in Bitcoin to ...

Mainstream Mainstream, VOL LVIII No 52, New Delhi, December 12, 2020 Gandhi’s Declaration Of Civil Disobedience Movement In 1930, German Social Democracy, and Franz Josef Furtwängler | Nirode K. Barooah by Nirode K. Barooah [ While almost the whole German popular press denounced the Indian Civil Disobedience movement under the leadership of Mahatma Gandhi in 1930 Franz Josef Furtwängler (1894-1964), the International Secretary of the General German Trade Union Federation (ADGB) tried to persuade his fellow Social Democrats and Trade-unionists to understand Gandhi and the Indian Freedom mo...