The Daily Populous

Friday February 26th, 2021 day edition

image for The GameStop Mess Exposes the Naked Short Selling Scam

At the House Financial Services Committee hearing last week on the GameStop debacle, there was an elephant in the room: naked short selling.

Naked short selling is when the trader does not find those shares to deliver.

At the House hearing, Rep. Nydia Velazquez (D-NY) asked about the dangers of short selling.

Because naked short selling causes the number of shares in the market to increase, which normally makes their value drop; more shares equals less value.

Now would be the time to get Biden to move on reforming the corrupt trading system, beginning with naked short selling.

The order and trade execution information it collected would identify and enable punishment of illegal trading activities, including naked short selling.

They should be asked why they haven’t implemented CAT, insisted on hard locates, and ended naked short selling. »

George R.R. Martin bringing Roger Zelazny fantasy novel to HBO

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George R.R. Martin will serve as executive producer on Roadmarks, an adaptation of Roger Zelazny’s 1979 novel about a road that travels through time.

That is why I am so thrilled to be a part of adapting Roger’s novel Roadmarks for HBO.

Avec l'aide de George R.R. Martin, le diffuseur va adapter le roman de SF #Roadmarks de Roger Zelazny — Pop Patchwork (@PPatchwork) February 19, 2021. »

Texan files $1 billion class-action lawsuit after receiving $9,000 electric bill

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The lawsuit was filed on behalf of Chambers County resident Lisa Khoury in Harris County on Monday, who claimed her electricity bill soared to $9,340 the week of the storm.

She said Griddy automatically withdrew $1,200 from her bank account from Feb. 13 to 18 and her overall bill from Feb. 1 to 19 was $9,546.

The lawsuit seeks $1 billion in monetary relief for Khoury and "on behalf of all others similarly situated.". »

McConnell says he would vote for Trump again days after accusing him of being 'practically and morally responsible' for the insurrection

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The comment came days after he accused Trump of being "practically and morally responsible" for the Capitol insurrection.

"Absolutely," McConnell said when asked if he would back Trump again if he won the GOP nomination.

Senate Minority Leader Mitch McConnell said Thursday that he would back Donald Trump if he were the Republican Party's nominee for president again. »

The Euphoria of Touching Mars

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Three minutes before touchdown and nine miles from the landing site, a supersonic parachute deployed, slowing the flying saucer by two-thirds.

Twenty seconds later, it jettisoned its heat shield, exposing directly for the first time the rover to its Martian environs.

The spacecraft thus began scanning the surface of Mars to get a lock on where it was, exactly, and where it needed to be. »