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Biden Won't Give Up on Zombie Infrastructure Deal

The Republican Party remains as dedicated to owning the libs as they were during the Trump administration, but President Joe Biden still seems to think that passage of a massive, bipartisan infrastructure deal is right around the corner. The GOP that Biden knew during his 36 years in the Senate even the GOP Biden worked with during his eight years as vice president has, of course, changed. Moderate senators like Bob Corker (R-TN), Richard Lugar. ....

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'Flash Boys' Led Robinhood Founders to Hide How Firm Made Money


‘Flash Boys’ Led Robinhood Founders to Hide How Firm Made Money
Bloomberg
12/17/2020
Matt Robinson and Annie Massa
(Bloomberg) Robinhood Markets became ubiquitous through a popular app that prompted millions of investors to start trading stocks. But unknown until now is that the brokerage feared author Michael Lewis’s seminal take down of high-speed traders might derail the business before it even got off the ground.
The revelation is buried in a Thursday Securities and Exchange Commission enforcement action that accused Robinhood of hiding for years how it made the bulk of its revenue: selling client orders to Wall Street securities firms. The company decided to obscure that fact after “Flash Boys,” Lewis’s 2014 book, portrayed it as questionable conduct that can hurt mom-and-pop investors. ....

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