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February 2021 Edition 1 Wednesday, Feb. 24, Issue #3 2021 urple and old P G Our President Georgetown University and Holy Spirit. These By: Eleanor Farrell ’23 at “The Prep,” moments remind him of St. Josephs Prep in “the reality of the Holy In 2021, Presidents Philadelphia. This will be Spirit” and the blessing of Day fell on the fifteenth of Father Maher’s last year us all being February. Originally at “Prep;” he will together. That blessing is established in 1885, continue his Jesuit an important reflection in President’s Day moved in educational journey this time of pandemic 1971 because of the at Cristo Rey Atlanta Jesuit separation. Although Fr. Uniform Monday Holiday High School in Maher loves the Mass of Act. This Act put in Georgia. Though Fr. the Holy Spirit, he believes place additional three-day Maher will miss Prep, he is the most special Prep Mass weekends for a Jesuit who is “open and is the Joseph of Arimathea workers. Thus, President’s eager for whatever comes Mass. At this memorial Day falls on the third next.” mass, Prep Monday of February students organize a funeral annually. This historic day for deceased people whose which commemorates the ashes have been left Presidents of the United unclaimed. The magic of States is a reason to reflect this ceremony is on summarized in what a Prep our President at Scranton student once said to Father Prep, Father Maher. Maher: “When else do you Father Maher has get to do something that is been the President of just 100% right?” When Scranton Prep for six years asked to give advice to the Fr. Maher has made and before that served on student body, Father many lasting memories in the board of trustees for Maher truly said, “love one his time here. Among his three. He did not enter another.” He knows it can favorites are the Masses of Jesuit education at Prep. Fr. be taken as corny, but he the Holy Spirit, Kairos, and Maher has had a wide array believes that if everyone leading reflections after the of school assignments in loves each other in their Prep Players perform. He his many years as a Jesuit. own way, then the world believes Kairos is the Immediately before coming will be a better “single most important to Prep, Father Maher place. He advises, that it experience” followed was at the University of is “the key to life.” by welcoming the Scranton. He has taught Freshmen at the Mass of the and advised students at 2 we as humans can use as “a place of faith, hope, them… to move hearts and and love… as a family… as communicate beauty.” He a community of deeply brought that sense of good people.” As Father beauty to Prep in more than Maher is on his way to words. Consider the Cristo Rey, he leaves a hole student commons. The in our school community. commons this year looks Sadness over his absence, very different, but in a however, is not how Not many of normal year it is filled with we will remember our us fully understand the job couches and students, an President. While on Kairos, of president. Much of Fr. idea of his. Father Maher someone once said to Maher’s efforts on our will miss this room. It is a him, “Father, when you behalf occur without us place for students to came to Prep, we had a even knowing. If Fr. “be with one another.” really nice house; you have Maher were to step out of Also, it has provided his helped us make it a loving the president role and into mother with much joy and comfortable the spotlight of the because as she proctors the home.” This statement is a classroom, he would area it reminds her of her more fitting way teach creative time as a schoolteacher. to remember Father Maher, writing. Father Maher Father Maher will our President “love[s] words and the way always remember Prep Current Events Purple and Gold Part 2 Market Manipulation that had been untapped by has most specifically been By: Chase Krawchuk ‘23 the common person. For in day trading, where this reason, the broadband investors take advantage of Last month, groups flood of “the wrong kind of short-term market trends by of organizers on Reddit and people” into the stock buying and Discord infiltrated the market had detrimental selling stock shares. Day stock market, inflating the effects. This opinion, along traders understand the share price and market with investment volatility in their value of many seemingly companies’ support for the occupation. Such depreciating corporations. wealthy, caused great volatility, or The result of this invasion controversy from people on unpredictability, tends to of the market was an both sides of the political keep the market immediate outrage, spectrum. from experiencing followed by a larger uproar As people have manipulation or at the measures that were become unemployed or oversaturation. However, taken to protect wealthy simply stuck at home the events of late January investors. These wealthy throughout the pandemic, exhibited this “nightmare” investors had previously the stock market has seen a for experienced, worked with a market rise in interest. This interest diversified investors. 3 Hedge funds, in that the hedge fund will sell losses by purchasing the particular, felt the impact their ownership of the stock lender’s shares at higher of the intentionally to a third-party and then prices than they had sold manipulatory infiltration. buy the same number of at. shares at a lower price to Simultaneously, the return to the lender. In this internet reigned victorious. manner, the hedge fund is GameStop saw a 1,700 still able to make a percent price increase, respectable profit margin while the new investors by pocketing the money left also sought out other Hedge funds over after their shares were struggling companies. attempt to gain profitable sold and the lender’s new AMC, Nokia, and returns by predicting the shares were BlackBerry saw market. Individual bought back, or the lender exponential increases, as investors and ordinary was paid what they signed did the jocular Dogecoin citizens tend to believe on. (DOGE) cryptocurrency. gains can only be made in When the Reddit The events highlighted one the stock market by buying and Discord “retail of the first times that shares at low prices and investors” caught wind ordinary citizens were able selling them once they of these investment to experience tremendous reach high prices. This, companies’ plans to short profiting by single- though, is not the depreciating assets like the handedly controlling a case. When the hedge commonly known portion of the market. funds acquire shares of a GameStop (GME), they stock, they borrow the plotted to punish the hedge shares from lenders. funds and investment Therefore, when the hedge firms by inflating the price fund decides it is time to of the shares. It is not relinquish their holdings, exactly clear how the research and expectations they must return the same number of shares, or became public Though this trendy a determined agreed- knowledge. But this public form of investing has knowledge proved to on price, to the lender. continued, limitations have Before and during disrupt the stock market in been put in place to protect the hedge fund’s unprecedented hedge funds and wealthy possession of the shares, fashion. While the hedge investors from bankruptcy. they perform due diligence, funds sold their shares and Some speculate that the or strategic investment awaited the right time to most common investing research, to understand buy back shares for the app used by the internet where their shares are lender, the internet investors, Robinhood, was going. If this strategic manipulated the market by forced by the wealthy to research implies that the purchasing a plentiful stop some trading. shares are trending number of shares, sending Regardless of the downward, the hedge fund the price skyrocketing. speculation, Robinhood did will short the shares. Doing so, the hedge funds prohibit some forms of Shorting the shares means were forced to take severe trading regarding the 4 infiltration. Discord banned without extreme a bi-partisan level. Overall, the controversy. Whether it is the stock market has organization initiating thes in support for the regained some sense of e acts, while Reddit made experienced investors or normalcy, while intriguing their version of the the internet organizers, the a new generation and community private. None events have been potential modern type of of these events have gone debated or agreed upon on investors. The Future of Amazon Unexpectedly, Jeff Bezos daily like Netflix, Spotify, By: Gopal Patel ‘23 announced he is stepping and even Zoom use AWS to down as CEO of Amazon safely store information The American and transitioning into and securely allow access multinational technology become the Executive to its contents and company, Amazon, is Chair of the Amazon interfaces. Jassy has done going to undergo some Board. Who will become an amazing job in assisting tremendous new changes. the new CEO and how will businesses with Amazon was founded by he impact the future of the intelligence Jeff Bezos in his own American market? software. More than half of garage. Since then, he Amazon’s revenue and operated the most well- income was attributed to known and widely AWS. According to acclaimed company ever Amazon’s chief financial known to mankind. officer, Brian Olsavsky, Amazon has revolutionized In Bezos’s he characterizes Jassy as a commerce and continues to unforeseen email to his “visionary leader who will make a lasting effect on our employees, he announced bring his own skill set but economy, which is known that Andy Jassy will that Amazon expects a lot as the Amazon Effect.
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