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U. of Washington Students Demand Removal of George Washington Statue for Perpetuating 'White Supremacy'


23 Feb 2021
Students at the University of Washington (UW) are demanding that the school remove a statue of George Washington, claiming that its existence “perpetuates white supremacy.” Washington, the first U.S. president, is the namesake of both the university and the state it is located in.
A petition started by the University of Washington Black Student Union titled, “Demand for the University of Washington Administration to Meet the Needs of Black Students,” demands that the university “remove statues of racist figures,” and specifically calls out George Washington.
“Statues in place at the University of Washington are preservers of our dark past,” the petition reads. “The George Washington statue, in particular, symbolizes a man who owned over 300 black slaves and profited from their labor.” ....

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Wall Street is keeping very close tabs on WallStreetBets. Here's how


Wall Street is keeping very close tabs on WallStreetBets. Here s how
CNN
2/3/2021
By Matt Egan, CNN Business
© Timothy A. Clary/AFP/Getty Image
The George Washington Statue at the Federal Hall National Memorial on Wall Street across the New York Stock Exchange on January 27, 2021. - Wall Street stocks slid to session lows Wednesday as Federal Reserve Chair Jerome Powell cautioned the US economic outlook was highly uncertain in light of the surging Covid-19 outbreak. (Photo by Timothy A. Clary/AFP/Getty Images)
Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop before it s too late. ....

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Signs of market bubbles are plentiful, from GameStop to SPACs


Signs of market bubbles are plentiful, from GameStop to SPACs
CNN
1/29/2021
By Matt Egan, CNN Business
© Erik Pendzich/Shutterstock
The George Washington Statue at the Federal Hall National Memorial on Wall Street across the New York Stock Exchange.
GameStop mania didn t happen in a vacuum. It s just the most glaring example of the bubble-like behavior running rampant in the financial markets.
Long before an army of Reddit traders sent GameStop, AMC and other stocks to the moon, evidence of extreme market speculation had been mounting.
None of this is normal. Rock-bottom interest rates are forcing investors to take extraordinary risks and for some, this will end badly. ....

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Losses on short positions in US firms top US$70b, according to Ortex data | Money


Thursday, 28 Jan 2021 09:30 PM MYT
The George Washington Statue at the Federal Hall National Memorial on Wall Street across the New York Stock Exchange January 27, 2021. AFP pic
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LONDON, Jan 28 Short-sellers are sitting on estimated losses of US$70.87 billion (RM287 billion) from their short positions in US companies so far this year, data from financial data analytics firm Ortex showed today.
The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000 per cent in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses defined as a short-squeeze while retail investors then piled in to benefit from the surge. ....

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