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New ways to fund quality journalism needed: ST editor
Main Post: New ways to fund quality journalism needed: ST editor
Top Comment:
Why should readers pay for the government's mouthpiece?
Let the government pay for their own PR machine.
Go fund me for cats of Eccles St victim
Main Post: Go fund me for cats of Eccles St victim
Top Comment:
I'll be that guy and say maintaining a semi feral population of cats is a terrible thing to do. It's absolutely wonderful people are going to be taking them in off the streets and finding them proper homes, but what this guy was doing wasn't taking care of the cats, he was enabling their overpopulation, disease spreading, and damage to the environment.
If you want to help local animals, the way to do it is not to leave piles of food in your backyard for them.
St. Paul’s proposed tax hike to fund child care: 5 questions, answered
Main Post:
A St. Paul ballot question asks voters if they will authorize the city to levy property taxes to fund child care for low income families up to $20 million over 10 years. But Mayor Melvin Carter says he won’t implement the tax hike even if voters approve it.
Here’s what to know about the plan and its possible future before you head to the polls. Read the full story at this link: https://www.mprnews.org/story/2024/10/22/st-paul-child-care-tax-hike-proposal-5-questions-answered
Top Comment: This Q and A is very light. It’s also important to note that mayor Carter, Governor walz and the Saint Paul teachers union do not support this.
[Saint]Ben and Jackie's College Fund: THE TRAILER
Main Post: [Saint]Ben and Jackie's College Fund: THE TRAILER
Top Comment: 1.4k members in the TheProCrastinators community
Payne sounds off on Wall St over GameStop: All of this whining is making me sick
Main Post: Payne sounds off on Wall St over GameStop: All of this whining is making me sick
Top Comment: It's not just hedge funds shorting decent stocks that's disgusting, it's the entire financial industry. It's the perfect embodiment of "rules for thee but not for me." Why suddenly are brokers halting trading on these hot stocks? Why are options for these stocks not appearing for purchase/sale at certain times? And why does no one seem to give a shit? It's okay for CNBC to lie about Melvin Capital having closed their short position. It's okay for Citron to lie about their losses on their closed trade. It's okay for analysts and banks to assign extremely lofty and unrealistic buy targets to stocks they just helped IPO. It's okay for companies to pump up their stock by issuing press releases (or reissuing press releases, or reporting untrue news, or reporting old news in a way that makes it seem new). It's okay for Wall St to pump a $10 stock up to $300 so they can dump the bag on retail investors. All of this is fine. But suddenly when retail investors start punishing this predatory behavior, brokers need to restrict access to stocks! Won't someone think of the poor little retail investors who might get burned! Fuck'em. Fuck this system. edit: List of brokers that have banned opening new positions in GME, AMC, and others: Robinhood Interactive Brokers Merrill Lynch (Bank of America) link Trade Republic (German) ETrade link EToro Commsec Alpaca -- used to use APEX, but not anymore Freetrade -- their FX provider & bank have disabled US buy orders link Saxo Bank -- getting conflicting reports, so take this one with a grain of salt. Trading212 -- restricted by their intermediary, Interactive Brokers Ally Financial -- blamed their clearing firm, APEX Public.com -- blamed their clearing firm, APEX Webull -- blamed their clearing firm, APEX SoFI -- blamed their clearing firm, APEX Stash -- blamed their clearing firm, APEX Tastyworks -- blamed their clearing firm, APEX M1 -- blamed their clearing firm, APEX Let me know if there are more that ought to be added to the list. edit 2: There's too many names in that last. It's a coordinated effort to stop these companies from trading. Isn't it funny how THAT isn't considered market manipulation? edit 3: It seems like many (not all!) of the brokers that have restricted trading these shares are using the APEX clearing house, which have jacked up fees for purchasing these stocks. It's also quite interesting how these stocks are now rising after the massive sell-off triggered by these funds restricting new positions. So people holding all of these positions got fucked as this news came out and these stocks dropped, and they weren't able to take advantage of the price drop by buying. So for the shill billionaire hedge fund apologists in my comment section: tell me how exactly this move helped retail investors. edit 4: Running list of all the brokers that haven't banned new positions in GME, AMC, etc. edit 5: IBKR is now allowing orders of AMC, so I assume other brokers will be doing the same soon. I won't be editing the list from this point on, but will be preserving it for historicality. edit 6: IBKR not allowing orders of AMC anymore, again. What the hell is going on here?