The Kellington Times
Senator Elizabeth Warren Tells The Securities And Exchange Commission To ‘Get Off Their Duffs And Do Their Jobs’ And Stop The ‘Rigged Game’ Of Market Manipulation
In a blistering interview with CNN, Senator Elizabeth Warren was incensed over the trading activities last week, saying the market “is a rigged game.” Warren boldly called out the Securities and Exchange Commission (SEC), the premiere Wall Street regulator, admonishing the agency “to grow a backbone” and “get off their duffs and do their jobs.”
According to the U.S. Department of Labor, “Google will pay $3.8 million to settle allegations it discriminated against women and Asians. The company, formerly known as a caring place, was accused of “underpaying nearly 2,800 women in its software engineering group in Mountain View, Calif., and Seattle, as well as unfairly passing over women and Asian candidates for various software engineering roles,” according to Reuters.
If you were a “Toys ‘R’ Us Kid” and fondly remember Geoffrey the Giraffe, this will be really bad news. Toys ‘R’ Us, the once-iconic, go-to toy department store for families, just closed its two remaining stores.
The Congressional Budget Office (CBO) said it expects the U.S. gross domestic product (GDP) to hit its pre-pandemic highs this year.
Hollywood is now making the beginning-of-the-end of the pandemic movie to bookend Tiger King. It’s all about the wacky shenanigans of the r/wallstreetbets Reddit traders and hedge fund bros. Netflix has a project in the works. Metro-Goldwyn-Mayer purchased the book proposal, The Antisocial Network, from author Ben Mezrich, who is known for covering zeitgeist moments in business, such as the rise of Facebook and Bitcoin and the players behind the scenes. The movie will be about “a ragtag group of amateur investors, gamers and internet trolls who brought Wall Street to its knees,” according to Deadline.
There could be a dark side to the future of work. The adverse effects of the pandemic may restructure society—and not in the way we want. The rich will get richer and the middle class and poor will face grave financial and career challenges. We’ll see the emergence of tech-savvy, Orwellian corporations spying on you. There’s a strong possibility that we’re fast heading toward a new medieval feudalistic society, as people will be thrusted unwillingly into the gig economy, contract work and forced into retirement—due to lack of alternatives. Workers will need to cope with chronic underemployment and unemployment.
