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Business, Economics, and Taxes: Capitalism. Yay? >=(

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jjuliajul11 said:
Many businesses have been affected by the pandemic. But to survive now, in my opinion, you need to develop on the Internet. You need to create a well-designed website or business application. People spend a lot of time on social networks, so there is a need to place ads. United States business emails must be used to find new customers. I hope the pandemic will end soon
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Are you the double negative bot?
 
Eat me.

President Joe Biden fired Peter Robb, the Trump-appointed general counsel for the National Labor Relations Board, after Robb refused a request from the new administration to resign.

The White House notified Robb of his dismissal by letter—sent minutes after Biden was sworn in Wednesday—which specified he had until 5 p.m. to voluntarily resign or be fired, two people with knowledge of the correspondence said.

In a rebuke to the new chief executive, Robb said in a letter he wouldn’t voluntarily resign and that his removal would “permanently undermine” the work of the independent agency. A White House spokesperson Wednesday confirmed that Robb refused to resign and was fired.

“I respectfully decline to resign from my Senate-confirmed four-year term appointment as General Counsel of the NLRB less than 10 months before the expiration of my term,” the labor board’s top lawyer wrote.

The NLRB enforces private-sector workers’ rights to organize, and its general counsel has sweeping authority to determine which types of cases the agency does or doesn’t pursue. Robb, a former management-side attorney who helped Ronald Reagan defeat the air traffic controllers union, had pushed an aggressive, pro-business agenda at the labor board.

His term was slated to last until this coming November, but unions, including the Service Employees International Union and Communications Workers of America, had been urging Biden to break with precedent by forcing him out immediately, in order to begin reorienting the agency toward protecting workers.

Also on Wednesday, the Biden administration named Democratic NLRB member Lauren McFerran to head the board, taking over from member John Ring, the Republican chairman since 2018 who presided over major business-friendly decisions during the Trump administration.
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Jimjamesak said:
Good riddance.
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Dr. Mrs.' boss on the board she works on is trying the same thing. In his case they'll just demote him from chief to an underling and he can lose 3-2 votes for the rest of his term.

The Nazi Hunters are on the job. The Dumpies are dropping like Republicans at a Spelling Bee.
 
Kepler said:
Dr. Mrs.' boss on the board she works on is trying the same thing. In his case they'll just demote him from chief to an underling and he can lose 3-2 votes for the rest of his term.

The Nazi Hunters are on the job. The Dumpies are dropping like Republicans at a Spelling Bee.
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I don't think the President can fire the NLRB board members.
 
Kepler said:
Maybe not. I didn't know if all they are all Governors serving at his discretion. Sometimes boards have protected members and then a political at the head.
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I think (but I could be wrong about this) the Board members serve out their 5 year term, short of engaging in some sort of malfeasance I suppose. The General Counsel, which is an extremely important position because he or she serves as sort of the "gatekeeper" for what cases the Board will hear, has a four year term but doesn't have the same protection in the statute as the Board members. I think it was just sort of precedence that the General Counsel would serve out his or her term, since it is four years and often coincides pretty closely with the new President's term.
 
SJHovey said:
I think (but I could be wrong about this) the Board members serve out their 5 year term, short of engaging in some sort of malfeasance I suppose. The General Counsel, which is an extremely important position because he or she serves as sort of the "gatekeeper" for what cases the Board will hear, has a four year term but doesn't have the same protection in the statute as the Board members. I think it was just sort of precedence that the General Counsel would serve out his or her term, since it is four years and often coincides pretty closely with the new President's term.
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Yeah, that would be like the Fed. That sounds right.
 
Kepler said:
So everybody who had shorted them got forked?

Why does that happen? Unexpected good news?
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Doesn't Microsoft own Gamestop now or have a partnership with them? I swear I heard about how Microsoft was going to do something with the Gamestop stores because they are dying as people are now just downloading games to their systems...

I looked at my account the other day for the first time in months. Now that Fitbit is officially owned by Google I made a nice little windfall. Bought it at $6 when rumors of the sale started and when I checked it was "down" to $46. That was a nice bit of good news :^)

edit: Here is the Announcement of the Microsoft/Gamestop Partnership
 
Kepler said:
So everybody who had shorted them got forked?

Why does that happen? Unexpected good news?
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It can be any little thing. Price goes up a little, people buy to cover their shorts, which causes the price to go higher, so more people cover their shorts, which causes price to go higher, etc.

At some point, a level gets hit that forces most retail investors out because they don't have the money to cover if it goes higher, which causes another spike.
 
Handyman said:
Doesn't Microsoft own Gamestop now or have a partnership with them? I swear I heard about how Microsoft was going to do something with the Gamestop stores because they are dying as people are now just downloading games to their systems...
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Yeah I think the idea for people who were selling them short was that their business idea is dying with, as you said, everyone moving to downloading, so buying/selling physical catridges/CDs is becoming obsolete. But in the short term, with all of the new consoles coming out, others feel that that may actually help Gamestop in the short term, which helped the price. And, and don't quote me here, I'm by no means an expert, but some options have dates they need to be exercised by so anyone who did a shorter term short may actually be correct in the long run about the company, but wrong in the timeframe they put money on it happening.
 
French Rage said:
Yeah I think the idea for people who were selling them short was that their business idea is dying with, as you said, everyone moving to downloading, so buying/selling physical catridges/CDs is becoming obsolete. But in the short term, with all of the new consoles coming out, others feel that that may actually help Gamestop in the short term, which helped the price. And, and don't quote me here, I'm by no means an expert, but some options have dates they need to be exercised by so anyone who did a shorter term short may actually be correct in the long run about the company, but wrong in the timeframe they put money on it happening.
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I'm not an options investing expert, but I do support one of our systems that maintains option records. Yes, options are written as contracts with expiration dates. Some are short-term, other are longer. Let me tell you, they're not much more fun for maintain records than they are to correctly invest in them. A lot of experts will tell the average investor to steer clear of them as it's very easy to lose your shirt on them.
 
Until you can explain what a buy to open call, fill or kill, with a strike of 100 and expiration of Mar XX 2021 and why it’s a good or bad idea with a bid-ask spread of $4 and what your maximum loss and profit are, don’t even think about it.

even then, probably don’t.
 
Kepler said:
Maybe reconsider demonizing government, too. Because it leads to, you know, mass groups of psychos trying to murder government officials.
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The only thing I've seen since Dear Leader was removed from Twitter is the same thing they've always perpetuated: it's okay when it happens to those they don't like, but when it happens to them, then and only then is unfair.
 
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