Volume 8, Issue 3 (Spring, 2021)
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The Student Newspaper Of
THE STUDENT NEWSPAPER OF NORTH CAROLINA STATE UNIVERSITY SINCE 1920 -—--o.— THURSDAY MN 2003 TECH. A www.technicianonline.com Raleigh, North Carolina Wolfpack Club receives Students ‘hip-hop’ to speak largest gift in history out Curtis and ]acl<ie Dail, residents of founded in 1936 with the goal of providing Students will hold “Hip Raleigh, contributed $5.2 million to the scholarships for NCSU student athletes repre- Hop against War and As/thgUnited Statespwpaw N. C. State Wolfimck Club. senting the university. Racism” tonight at 8 p. m. at)?“gar withmartyrsofficZZ It has been calculated that nearly 8,000 NCSU tbquestedthe backmgyfiNATO Andrea DeLeo athletes have been awarded scholarship assis— Carie Windham aga “w toi:NATO StaffReporter tance. This is in many thanks to the 15,000 gen— Assistant News Editor spokbstpanhlves Br 3”r“in,a}CECent re- erous donors offering their contributions each port,N§(5receiiiad a 55150531 from In December 2002, Bobby Purcell, executive di- year. On Friday, Defense Secretary the United' _ ”efferated discus- rector of the NC. State Student Aid Associa- The Wolfpack Club members are made up of Donald H. Rumsfield signed de— sions between NATO leaders and US. tion, announced that NCSU had received the a variety of people united by a common goal. ployment orders that sent over Deputy Defense Secretary Paul Wol- largest announced gift in the history of NCSU They are alumni, fans, athletes, students, par- 50,000 troops to Iraq— doubling fowitz. Athletics. ents and many other people who are commit- US. forces in the region. The United States has requested the Curtis and Jackie Dail, residents of Raleigh, ted to the importance of the future of NCSU On Saturday, thousands of use of NATO’s AWACS surveillance contributed $5.2 million. -
YOLO Trading: Riding with the Herd During the Gamestop Episode
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lyócsa, Štefan; Baumöhl, Eduard; Vŷrost, Tomáš Working Paper YOLO trading: Riding with the herd during the GameStop episode Suggested Citation: Lyócsa, Štefan; Baumöhl, Eduard; Vŷrost, Tomáš (2021) : YOLO trading: Riding with the herd during the GameStop episode, ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg This Version is available at: http://hdl.handle.net/10419/230679 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights -
Loopholes for the Affluent Bankrupt
Digital Commons at St. Mary's University Faculty Articles School of Law Faculty Scholarship 2020 Loopholes for the Affluent Bankrupt David R. Hague Follow this and additional works at: https://commons.stmarytx.edu/facarticles Part of the Bankruptcy Law Commons LOOPHOLES FOR THE AFFLUENT BANKRUPT DAVID R. HAGUEt [The] rich get richer [until] the poor get educated.' - Sage Francis INTRODUCTION Recent bankruptcy cases are exposing a problem. Affluent individuals filing for bankruptcy are treated more favorably under the Bankruptcy Code than those debtors with little to no means of financial sustenance or income. Did Congress intend this result? The legislative history is unclear. But one thing seems certain: The United States Bankruptcy Code contains a set of loopholes that appear to be designed for the well-to-do segment of society. Courts throughout the United States are either overlooking these provisions or simply condoning their utilization under the de- fensible conviction that the Bankruptcy Code permits it. In this Article, I argue that the Bankruptcy Code unfairly discriminates against individuals of lower-class economic status. Specifically, I identify two loopholes-one found in Chapter 7 and one located in Chapter 11-that are arguably intended to benefit those with high incomes and significant assets. Courts need to consider whether the use of these loopholes is permitted under the Code, and if so, how they should be addressed in individual bank- ruptcy cases. The Bankruptcy Code should create a level playing field for debtors-not an oasis for the affluent. Two scenarios demonstrate that the United States Bankruptcy Code favors those with higher incomes living lavish lifestyles. -
Sage Francis: on Li(F)E, Old Age, and Selling Indie Rap
Sage Francis: On Li(f)e, Old Age, and Selling Indie Rap Indie hip-hop and indie rock have always existed in seemingly parallel universes: on separate websites, in separate blogospheres, and on separate stages at the same festivals. Leave it to indie rap stalwart Sage Francis to help the two cross swords. On his fourth official solo album, entitled Li(f)e , Sage works with members of various rock groups, including Sparklehorse, Califone, Calexico, DeVotchKa, Death Cab for Cutie, and others, not to mention the fact that Iron & Wine/Modest Mouse associate Brian Deck produced the whole shebang. URB spoke to Sage about how the hell he pulled off this new LP, growing old in rap years, and how he plans to maintain his record label in an ever-weakening industry. URB: Bring me back a little. How’d you discover hip-hop? Sage Francis: Well, that was so long ago that I don’t remember, really. I have a story that I tell when people ask me that, that I think is true. It was just on the playground, tapes were floating around, I heard kids in the neighborhood playing stuff that I wasn’t familiar with—that I didn’t know was hip-hop at the time, but that’s what it was—and when eventually I decided I wanted to figure out what it was I was hearing, I was in my aunt’s house. I think it was a public service announcement came through on the television where a girl was rapping about not smoking cigarettes or something like that, and I had an adult present so I pointed it out, like, “This is what I want, I need to find this kind of music.” They didn’t really know what kind of music it was either, and my aunt kind of scowled her face and was like, “You like this?” And I was like “Yeah, this is what I like. -
1 Magic Castles Sky Sounds 2 Mac Demarco Salad Days 3 GOAT
1 Magic Castles Sky Sounds 2 Mac DeMarco Salad Days 3 GOAT Commune 4 The War on Drugs Lost In a Dream 5 Jack White Lazaretto 6 Chromeo White Women 7 First Aid Kit Stay Gold 8 Jeremy Messersmith Heart Murmurs 9 Ty Segall Manipulator 10 Wye Oak Shriek 11 Sturgill Simpson Metamodern Sounds in Country Music 12 Parquet Courts Sunbathing Animal 13 Basement Apartment Basement Apartment 14 Sharon Van Etten Are We There 15 Sifu Hotman Embrace the Sun 16 Ryan Adams Ryan Adams 17 St. Vincent St. Vincent 18 Dirty Mercury Sound of Mind 19 Sonny Knight & the Lakers I'm Still Here 20 The Muffs Whoop De Doo 21 Primus Primus & the Chocolate Factory with the Fungi Ensemble 22 Toki Wright & Big Cats! Pangaea 23 American Cream Nathan 24 Run the Jewels Run the Jewels 2 25 Sharon Jones & the Dap Kings Give the People What They Want 26 The Blind Shake Breakfast of Failures 27 Weezer Everything Will Be Alright in the End 28 Sylvan Esso Sylvan Esso 29 Les Claypool's Duo De Twang Four Foot Shack 30 Spoon They Want My Soul 31 Beck Morning Phase 32 The Pistol Whippin Party Penguins Way Back Home 33 Crankshaft & the Gear Grinders Boogie Melt 34 Bernie King and the Guilty Pleasures Pretty Little Gal 35 Atmosphere Southsiders 36 The Hold Steady Teeth Dreams 37 Jake Bugg Shangri‐La 38 Cage the Elephant Melophobia 39 Alvvays Alvvays 40 Tune‐Yards Nicky Nack 41 Woods With Light and With Love 42 clipping. CLPPNG 43 K. Raydio & O‐D One Drop 44 A Sunny Day in Glasgow Sea When Absent 45 San Fermin San Fermin 46 Trampled by Turtles Live at First Avenue 47 Black Diet Black -
Irrational Exuberance and the Gamestop Short Squeeze
Irrational Exuberance and the GameStop Short Squeeze | Dr. Alan Greenspan, Senior Economic Advisor | February 2021 The meteoric rise in the stock price of GameStop seems to have brought up the question of irrational exuberance in the markets. Irrational exuberance is a state of investor psychology, when the pendulum between fear and euphoria has swung too far towards the latter. In other words, stock prices are the aggregation of the myriad expectations held by market participants and can at times reflect what seems an unjustifiably optimistic view of future economic conditions. Though prices may appear excessive during periods of irrational exuberance (i.e., priced for perfection) they are nonetheless rooted in some concrete view of an uncertain future that can be articulated in terms of expectations of future cash flows, interest rates, etc. While the first leg of the GameStop rally can be In 1869, when Jay Gould (an American railroad attributed to pockets of irrational exuberance, the magnate, financial speculator, and one of the latter part of its parabolic rise is almost certainly Robber barons of the Gilded Age) sought to more a case of market structure rather than drive up the price of gold, he turned to the basic investor psychology. In this view, the latter part of economic principle of limiting the supply. He and the rally is a simple case of supply and demand, his associates attempted to convince President with several historical precedents, compounded Grant to limit the amount of gold the Treasury was somewhat by technology and features of the selling into the market. Their ploy was successful present-day financial system. -
Cecilia Diaz Critical/Cultural Methods Dr. Bob Bednar 4/8//21
Cecilia Diaz Critical/Cultural Methods Dr. Bob Bednar 4/8//21 Research Project Draft Protests in the name of social reform have recently undergone drastic transformations in how they are founded and manifested. The ascension of social media use in the early 2000s gave rise to streamlined instant communication between people that otherwise may have never communicated organically. History has proven that we gather together in times of hardship and join forces when those hardships necessitate change and reform. The internet eliminates the practical issue of distance and facilitates the possibility of an infinite number of formed communities. In the case of protest, it facilitates the ability to organize and gather to demand social and political change. Sebastián Valenzuela suggests that one explanation for use of social networks and political protest may be online expression as a foundation for action. It is stated, “In addition to cognitive preparation, the expression of opinions can be facilitators of political protest” (Valenzuela, 2014). Research has shown that when individuals talk about political subjects publicly, they are more likely to mobilize and engage in political activities. The expression “allows people to face their ideas, make arguments, and reflect on the information obtained” (Schmitt-Beck, 2008). Platforms like Twitter and Facebook have acted as multiplexes for the expression of political views and serve as the foundation for many modern protests such as the Black Lives Matter movement, #MeToo, Arab Spring, and the Sunflower Student Movement. The protest this study will focus on is unique in that it was not founded as a politically driven protest but became one, or perhaps more accurately, was received as one as it gained popularity in mainstream media publics. -
Should You Take Investment Advice from Wallstreetbets?
Should You Take Investment Advice From WallStreetBets? Should You Take Investment Advice From WallStreetBets? A DataDriven Approach May 2021 Tolga Buz Gerard de Melo Hasso Plattner Institute, Potsdam Hasso Plattner Institute, Potsdam [email protected] [email protected] Abstract Reddit’s WallStreetBets (WSB) community has come to prominence in light of its notable role in affecting the stock prices of what are now referred to as meme stocks. Yet very little is known about the reliability of the highly speculative investment advice disseminated on WSB. This paper analyses WSB data spanning from January 2019 to April 2021 in order to assess how successful an investment strategy relying on the community’s recommenda tions could have been. We detect buy and sell advice and identify the community’s most popular stocks, based on which we define a WSB portfolio. Our evaluation shows that this portfolio has grown approx. 200% over the last three years and approx. 480% over the last year, significantly outperforming the S&P500. The average shortterm accuracy of buy and sell signals, in contrast, is not found to be significantly better than randomly or equally distributed buy decisions within the same time frame. However, we present a tech nique for estimating whether posts are proactive as opposed to reactive and show that by focusing on a subset of more promising buy signals, a trader could have made investments yielding higher returns than the broader market or the strategy of trusting all posted buy signals. Lastly, the analysis is also conducted specifically for the period before 2021 in or der to factor out the effects of the GameStop hype of January 2021 – the results confirm the conclusions and suggest that the 2021 hype merely amplified preexisting characteristics. -
Jared Paul: the Underground Voice of Providence,Local and National
Jared Paul: The Underground Voice of Providence By Melanie Rainone Jared Paul is a poetic and musical powerhouse that calls Providence home. As a nationally acclaimed spoken word poet and hip-hop artist, he draws his inspiration from social injustices and fuses his two art forms together to create something unique and powerful. Jared’s upbringing and early introduction to hip-hop took him on a journey that introduced him to poetry, community action, and national activism. He has become a radical and artistic voice of Providence, bringing the culture of poetry, working with the youth and community at large with a little rabble rousing thrown in. “Hip-hop is poetry. Hip-hop is the continuation of the oral tradition. It’s poetry put to music. The rhyme scheme, the meter, the metaphor, hip hop is the first music that was more about poetry than it was about music.” Jared grew up in the Manville neighborhood of Lincoln. “I grew up below the poverty line in terms of the state’s eyes, but both of my parents loved me a tremendous amount and I had a really great childhood. We always had all of the things that we needed and most of the things that we wanted.” Jared has fond memories of Manville, speaking of a strong community and many children his age with whom to play. “We had to see from a very young age the real time class divide.” It was in this environment that Jared found music.“My friend Joey gave me Public Enemy at the bus stop in 7th grade and it changed everything for me,” he explained. -
Case 3:21-Cv-10264-MGM Document 1 Filed 02/16/21 Page 1 of 36
Case 3:21-cv-10264-MGM Document 1 Filed 02/16/21 Page 1 of 36 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS CHRISTIAN IOVIN, individually and on behalf of all others similarly situated, Plaintiff, C.A. NO. _______________ v. JURY TRIAL DEMANDED KEITH PATRICK GILL, MML INVESTORS SERVICES, LLC, AND MASSACHUSETTS MUTUAL LIFE INSURANCE CO. Defendants. CLASS ACTION COMPLAINT Case 3:21-cv-10264-MGM Document 1 Filed 02/16/21 Page 2 of 36 TABLE OF CONTENTS I. OVERVIEW OF WRONGDOING .....................................................................................1 II. THE PARTIES.....................................................................................................................3 III. JURISDICTION AND VENUE ..........................................................................................3 IV. FACTS .................................................................................................................................4 A. The Real Keith Gill. .................................................................................................4 B. MML’s and MassMutual’s Obligations To Supervise.............................................6 C. Gill’s Use of Social Media Undermines the Integrity of, and Manipulates, the Market for GameStop Shares. ............................................................................6 D. Plaintiff’s GameStop Options Transactions...........................................................17 V. CLASS ALLEGATIONS ..................................................................................................18 -
Adam Bradley, Book of Rhymes
MediaTropes eJournal Vol III, No 1 (2011): 151–153 ISSN 1913-6005 Adam Bradley. Book of Rhymes: The Poetics of Hip Hop. New York: Basic Civitas Books, 2009. 272 pages; paper $16.95. ISBN 978-0-4650-0347-1. “Rap is poetry” (xii). To any avid fan of the genre, it is a statement that seems obvious. The words could easily be the musings of a listener first introduced to the art form, not the focal point of an entire work of contemporary criticism. Yet in Book of Rhymes: The Poetics of Hip Hop, Adam Bradley’s primary focus is this very point, the recognition of traditional poetic elements within rap music. With the global cultural and economic phenomenon that hip hop has become, it is easy to forget that the style of music is barely thirty years old, that scholarly criticism of it has existed for only half of that time. When viewed within this relatively new arena of scholarship, the importance of Bradley’s text is clear. He attempts to lay the foundation for future work, to provide a formal language of lyrical and performative analysis. It is for this achievement that we must recognize Book of Rhymes as a landmark text, despite the somewhat surface treatment it applies to its subject. Bradley divides his work into two sections, beginning with the formal or structural elements of rap music, namely, “Rhythm, Rhyme and Wordplay,” and ending with the thematic or representational components, classified as “Style, Storytelling and Signifying.” The first section is the decisively stronger of the two, based around carefully chosen examples and meticulously broken down lyrics. -
"Short Squeezes and Market Hype: What You Need to Know"
Short Squeezes and Market Hype: What You Need to Know February 2021 Events that sparked market volatility at the end of January continue to make headlines as everyone loves a David vs Goliath story. The clash between the Hedge Fund professionals and a swarm of retail investors that forced the shares of several companies, most notably GameStop, screaming higher has caught a lot of attention, even beyond the usual financial media outlets. Much has been written about the now-infamous short squeeze, and stories are popping up detailing the fortunes won and lost. The dust is starting to settle, and we thought it would be beneficial to explain some of the key topics in simpler terms to help unfamiliar investors better understand what happened in markets and what they should be mindful of going forward. The Retail Army & GameStop Investors might argue at length about a reasonable fair valuation for a company such as GameStop. As of year-end 2020, the company was valued at around $1.3 billion. A few individuals interested in the business began posting about the company as an attractive investment idea on online forums, thinking the company was undervalued and should be priced higher. Other’s noted the high short interest in the company and chatter began to develop focusing on the short squeeze opportunity. As the momentum of the idea caught on retail investors ganged together to force a short squeeze, enticed by the opportunity to make a quick gain trading the company’s stock. As the excitement grew and more and more investors jumped aboard, the idea worked, and the company’s value surged to over $24 billion.