Author Archives: Lester Don Holt Jr.

‘Tax the rich’: Progressive lawmakers react to GameStop frenzy with push for more oversight

Jan. 28, 2021, 11:01 PM PKT / Updated Jan. 29, 2021, 5:14 AM PKT By Dareh Gregorian Progressive lawmakers are reacting to the Reddit-led surge in GameStop stock sales — and Wall Street’s response — to push for more oversight on financial institutions. “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as

AOC demands probe after Robinhood app banned GameStop purchases triggering 90-minute sell-off frenzy

Rep. Alexandria Ocasio-Cortez said she would support a hearing examining stock trading app Robinhood’s decision to block lay investors from using the app to purchase GameStop shares and shares of other companies that were promoted on the Reddit message board WallStreetBets. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely

‘You almost had me murdered 3 weeks ago’: AOC rejects Ted Cruz’s support for her criticism of Robinhood

New York Rep. Alexandria Ocasio-Cortez turned down Texas Sen. Ted Cruz’s support for her criticism of the trading app Robinhood’s move to block some stock purchases. Robinhood and other trading platforms blocked users from buying shares of some companies whose stock prices shot up after day traders on Reddit started buying shares and options en masse.

AOC and others call for investigation into Robinhood’s GameStop freeze

Rep. Alexandria Ocasio-Cortez (D-NY) called on Congress to investigate the Robinhood app after it banned small investors from buying stock in companies like GameStop. Over the last week, Reddit users have rushed to buy the bemoaned video game retailer’s stock, inflating its price in what some are calling the “squeeze of a lifetime.” In a

Spooked by their losses, Mitch McConnell and Republicans are determined to make it harder to vote

President Joe Biden and Georgia Senators Jon Ossoff and Raphael Warnock were the first candidates in decades to win statewide federal elections in Georgia, but without intervention by the Democratic majority in Congress, a Republican-led crackdown on voting rights could also make them the last to do so for just as long. Days after most

Ocasio-Cortez To Ted Cruz: ‘You Almost Had Me Murdered … You Can Resign’

After Cruz said he “fully” agreed with the congresswoman’s thoughts on Robinhood and GameStop, she slammed him for his role in the Capitol insurrection. Rep. Alexandria Ocasio-Cortez (D-N.Y.) had some choice words for Sen. Ted Cruz on Thursday: Resign. The congresswoman told the Texas Republican that he should resign if he wanted “to help.” He

If Someone Like Rep. Marjorie Taylor Greene ‘Shoots and Kills Me,’ Says David Hogg, ‘Politicize My Death’ to Strengthen Gun Laws

The Parkland mass shooting survivor’s comments come as a March 2019 video of Greene chasing after and yelling at him circulates online. Mass shooting survivor David Hogg on Thursday gave fellow activists permission to “immediately politicize” his death and use it to pass strong gun violence prevention laws in the event that “some out of

Ohio Rep. Jim Jordan won’t run for U.S. Senate next year

WASHINGTON, D.C. – Champaign County GOP Rep. Jim Jordan on Thursday announced that he won’t run for the U.S. Senate seat that will be vacated by Republican Rob Portman’s upcoming retirement, a decision that opens the field for many other Republicans who are eager for the chance to succeed Portman. A spokesman for Jordan’s campaign

Education Chair Demands McCarthy ‘Explain’ Decision To Assign QAnon Supporter To Committee

Rep. Bobby Scott (D-VA) is demanding that House GOP leadership explain the recent selection of QAnon sympathizer and Sandy Hook Elementary massacre denier Rep. Marjorie Taylor Greene to a House committee dedicated to advancing education. “House Republicans made this appointment and Republican House Minority Leader Kevin McCarthy must explain how someone with this background represents

Did Trump and His Supporters Commit Treason?

For years, Carlton F. W. Larson, a treason scholar and law professor at the University of California, Davis, has swatted away loose treason accusations by both Donald Trump and his critics. Though the term is popularly used to describe all kinds of political betrayals, the Constitution defines treason as one of two distinct, specific acts: “levying War” against the