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GameStop Up 13% More As ‘Reddit Army’ Bets On Sales Turnaround

“Meme” stock-in-chief GameStop jumped another 13% in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace.

The video-game retailer, whose shares rose as high as $483 in a battle with short-sellers in January, has now risen more than five times in value since hitting a low of $38.50 per share in mid-February.

It was trading at around $190 by mid-morning, but was still down about 5% on the week after the company pointed to the possibility of a share sale in its earnings filing on Tuesday.

“It’s fascinating because it seems that the Reddit army is doubling down and believing that the company is going to be able to shift their business and pivot to e-commerce,” said Edward Moya, senior market analyst at OANDA.

The company has benefited from a push by retail investors, often on online forums such as Reddit’s popular WallStreetBets, to drive up prices of stocks they believed were undervalued.

Short interest in GameStop has fallen to about 15% of the stock’s float from a peak of 141% in the first week of 2021, according to data from financial analytics firm S3 Partners.

Chewy Inc co-founder Ryan Cohen is seeking to transform the retailer into an e-commerce firm that can take on big-box store rivals such as Target Corp and Walmart Inc.

Chief Financial Officer Jim Bell has departed and the company said this week it had appointed former Amazon.com executive Jenna Owens as Chief Operating Officer.

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Christian Multibillionaire Loses Fortune; at Center of Wall Street Fiasco

(The Roy’s Report) A multi-billionaire, who’s a trustee at Fuller Seminary and has given millions to Christian ministries and schools, has lost his fortune in a matter of days and now is at the center of a major Wall Street fiasco.

Bill Hwang, founder and co-CEO of Archegos Capital Management, quietly built a multibillion-dollar empire using derivatives—risky investments that speculate on which direction the market will go.

Last week, the market turned in the opposite direction from how Hwang had bet. And now Hwang is at the center of what Bloomberg calls “one of the biggest margin calls of all time—a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.”

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Vaccine Passports May Not Be Effective in Reducing Spread of COVID-19: Experts

Experts say that relying solely on vaccine passports to allow people to engage in certain activities again is not an effective mitigation tool to reduce the spread of COVID-19, and may distract from other necessary interventions or from the message of vaccination itself.

“I think pinning all our hopes on and putting all our efforts into vaccine passports as the main solution to opening up travel might be the wrong strategy,” Dr. Sarah Chan, an expert in bioethics at the Usher Institute, University of Edinburgh, told NTD’s “The Nation Speaks” in a recent interview. “And if we put too much emphasis on passports as the sole strategy, I think we risk creating a false sense of security that might lead people actually to increase their personal risk behaviors,” she said.

Chan said that vaccine passports may divert resources and attention from other important “structural and social interventions to address the wider effects of the pandemic such as education, mental health, and so forth.”

The CCP (Chinese Communist Party) virus pandemic and the resulting economic downturn have negatively affected people’s mental health. The Kaiser Family Foundation, a nonprofit organization, says about four in 10 American adults have reported symptoms of depression or anxiety, “up from one in 10 adults who reported these symptoms from January to June 2019.”

Poor mental health has affected young adults aged 18 to 24 the most, with 56 percent of them reporting depressive and/or anxiety disorder, and being more likely to turn to substance abuse (25 percent versus 13 percent of all adults) and suicidal thoughts (26 percent versus 11 percent of all adults).

Chan also worries that vaccine passports may make inequality worse for those who are unable to get the vaccine due to preexisting health conditions and those in poorer communities and countries.

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Americans Wake Up! Outlaw Technocrats Are Stealing Our Democracy.

In the foreword to “The Truth About COVID-19,” by Dr. Joseph Mercola and Ronnie Cummins, CHD Chairman RFK, Jr. says the pandemic is being used to shift wealth upwards, abolish civil rights and destroy democracy.

Government technocrats, billionaire oligarchs, Big Pharma, Big Data, Big Media, the high-finance robber barons and the military industrial intelligence apparatus love pandemics for the same reasons they love wars and terrorist attacks.

Catastrophic crises create opportunities of convenience to increase both power and wealth. In her seminal book, “The Shock Doctrine: The Rise of Disaster Capitalism,” Naomi Klein chronicles how authoritarian demagogues, large corporations and wealthy plutocrats use mass disruptions to shift wealth upwards, obliterate the middle classes, abolish civil rights, privatize the commons and expand authoritarian controls.

A consummate insider, the former White House Chief of Staff Rahm Emmanuel is known for his admonition that vested power structures should “never let a serious crisis go to waste.” But this treadworn strategy — to use crisis to inflame the public terror that paves the road to dictatorial power — has served as the central strategy of totalitarian systems for millennia.

The methodology is, in fact, formulaic, as Hitler’s Luftwaffe commander, Hermann Göring, explained during the Nazi war crimes trials at Nuremberg:

“It is always a simple matter to drag the people along whether it is a democracy, a fascist dictatorship, or a parliament or a communist dictatorship.

“Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to greater danger. It works the same in any country.”

The Nazis pointed to the threats from Jews and Gypsies to justify the homicidal authoritarianism in the Third Reich. The dictatorial demagogue, Senator Joseph McCarthy, and the House Unamerican Activities Committee warned against communist infiltration of the U.S. State Department and film industry to rationalize loyalty oaths and the Blacklist.

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VIDEO: Joe Biden Nearly Falls Again Walking up the Stairs to Air Force One

Report: Matt Gaetz May Retire From Congress Early, Pursue Job With Newsmax

Axios is reporting that pro-Trump Republican Rep. Matt Gaetz (FL) is eyeing an early retirement from Congress and is interested in pursuing a job at NewsMax.

The outlet cites three sources that claim Gaetz is “seriously considering not seeking re-election and possibly leaving Congress early for a job at Newsmax.”

“Gaetz has told some of his allies he’s interested in becoming a media personality, and floated taking a role at Newsmax,” they write.

One of the sources even states that the emphatic Trump supporter and the network have already engaged in discussions about the role he might fill.

The congressman’s office did not respond to requests for comment according to Axios.

Gaetz was elected to Congress in 2016 and has been a loyal supporter of former President Donald Trump even after his departure from office.

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YouTube To Remove ‘Dislike’ Feature As Biden WH Content Continues To See Likes Massively Trail Dislikes

As President Biden’s White House YouTube channel continues to see videos’ “dislikes” massively trump “likes,” the video platform announced it is testing a new design that obscures a public dislike count.

The move was announced via Twitter on March 30th, with YouTube explaining “in response to creator feedback around well-being and targeted dislike campaigns, we’re testing a few new designs that don’t show the public dislike count.”

As a result, only the accounts publishing videos will be able to see the dislike to like ratio.

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Iowa Democrat Drops Election Challenge Over House Race, Giving GOP Another 2020 Victory

Iowa Democrat Rita Hart has dropped her election challenge to Republican Rep. Mariannette Miller-Meeks’s 2020 victory in Iowa’s 2nd Congressional District.

Hart on March 31 withdrew her challenge to her state-certified, six-vote loss with the House Administration Committee. A number of Democratic lawmakers in recent days said House leaders shouldn’t attempt to overturn the election results.

“After many conversations with people I trust about the future of this contest, I have made the decision to withdraw my contest before the House Committee on Administration,” Hart said in a statement. “Since Election Day, and throughout this entire process, my mission has been about ensuring the voices of Iowans who followed the law are not silenced. I am saddened that some Iowans’ votes will not count through no fault of their own. The work of ensuring it does not happen again will continue beyond this campaign.”

The decision by Hart comes as House Republican Leader Kevin McCarthy (R-Calif.) and Miller-Meeks stopped in Iowa to criticize House Democratic efforts.

“The idea that Democrats want to turn over an election after it’s been counted, recounted, and a bipartisan election board had voted,” McCarthy said March 31. “It’s time to move on. I’ve served with the Congresswoman, we’ve been to the border already to see the crisis.”

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U.S. Attorney Letter Confirms Rep. Gaetz’s Version Of Events In Bizarre ‘Sex Trafficking’ Story.

A statement from Assistant U.S. Attorney David Goldberg confirms Rep. Matt Gaetz’s claim that the Federal Bureau of Investigations was investigating extortion claims in response to a New York Times article accusing the congressman of sex trafficking.

In an email between Rep. Gaetz’s father’s lawyer and Goldberg, the Assistant U.S. Attorney confirms the Federal Bureau of Investigation’s (FBI) involvement:

“I can confirm that your client is working with my office as well as the FBI at the government’s request in order to determine if a federal crime has been committed. This has been discussed with, and approved by, the FBI as well as the leadership of my office and components of Main Justice.”

The response followed a Gaetz family lawyer sending the following in a March 25th email:

“My client, Don Gaetz, was approached by two individuals to make a sizable payment in what I would call a scheme to defraud. The FBI is not asking Don to voluntarily and proactively assist in their investigation, which Don is willing to do. Please confirm that your Office and the FBI would like Don’s assistance in this matter and that he will be working at the Government’s request.”

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Shooting in Orange That Killed Child and Three Others Was Isolated, Police Say

Orange, Calif. —The man who killed four people—including a nine-year-old boy—at an Orange business complex March 31 knew his victims, the Orange County Sheriff’s Department said.

“The preliminary motive is believed to be related to a business and personal relationship, which existed between the suspect and all of the victims,” Lt. Jennifer Amat told reporters during an April 1 press briefing.

“It appears all of the adults were connected either by business or a personal relationship, and this was not a random act of violence. The child is believed to be the son of one of the victims who worked at the business.”

Four people, including a nine-year-old boy, were killed and a fifth wounded in a shooting at an office building in Orange March 31, and the suspected shooter was taken into custody.

Epoch Times Photo
Police released this photo of Aminadab Gaxiola Gonzalez, their prime suspect in a fatal shooting in Orange, Calif. (Courtesy of the Orange County Sheriff’s Department)

Police have identified their suspect as 44-year-old Aminadab Gaxiola Gonzalez, whose last known address was Fullerton.

Police were called to the scene at 202 W. Lincoln Avenue around 5:30 p.m. When they arrived, they were met with gunfire.

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