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William Lee

1006 Posts
Substack Says It Will Not Ban Nazis or Extremist Speech

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came…
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Wall Street Forecasts Won’t Tell You Where the Stock Market Is Heading in 2024

Wall Street Forecasts Won’t Tell You Where the Stock Market Is Heading in 2024

Wall Street strategists are issuing forecasts for the performance of the stock market in 2024.Pay them no mind.The predictions are usually wrong, and when they’re right it’s only by accident.Consider their prophecies for 2023. At the end of 2022, strategists predicted that the S&P 500 would end 2023 at 4,078, a gain of 6.2 percent from where it started, according to data from Bloomberg.At the moment, the market is above 4,700, a gain of more than 22 percent. These forecasts were so deeply off the mark undoubtedly because 2022 was a truly terrible year for stocks — and also one…
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Strike Halts Eurostar Channel Tunnel Service Between London and Europe

Strike Halts Eurostar Channel Tunnel Service Between London and Europe

Rail traffic under the English Channel was gradually returning to normal on Thursday after the end of an unexpected walkout by railway workers that had blocked the Channel Tunnel, stranding passengers and causing several hours of travel chaos just days before Christmas.Clément Beaune, France’s transportation minister, announced at 7:30 p.m. in Paris that the Channel Tunnel closure had been lifted. Mr. Beaune had previously called the blockage “unacceptable.”“Traffic can resume,” Mr. Beaune said on social media. “I salute the spirit of responsibility of all those involved.”Eurostar, the high-speed passenger train line that runs under the English Channel, said that traffic…
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Americans Are Signing Up for Obamacare in Record Numbers

Americans Are Signing Up for Obamacare in Record Numbers

Why It Matters: The Affordable Care Act is expanding its reach.Despite a recent warning from former President Donald J. Trump, the front-runner in the race for the 2024 Republican presidential nomination, that he was “seriously looking at alternatives” to the Affordable Care Act, the latest surge in marketplace enrollment is a testament to the law’s enduring power.Legislation passed earlier in the Covid-19 pandemic increased federal subsidies for people buying plans, lowering the costs for many Americans. The Biden administration also lengthened the sign-up period and increased advertising for the program and funding for so-called navigators who help people enroll.“More and…
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Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?

Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?

One of the most eye-catching bios on X, or Twitter as we all know it, belonged to a sports writer with one of the UK’s biggest national newspapers. It was plain and simple and boiled down to five words: “Biased against your football club.”Which is true. If you’ve followed football for any length of time, then you know that every arm of the media is out to get the club you support. You should see The Athletic’s morning meetings where we plot against the teams we most want to stitch up (all of them, obviously). Just because you’re paranoid doesn’t…
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New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and…
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