Senator Levin said: “Naked short selling enables unscrupulous traders
to manipulate the stock market and can directly damage U.S. companies
and the shareholders who own them. This report confirms that the SEC
should consider and implement an arsenal of weapons to combat abusive
short selling. A requirement that short sellers must borrow shares
before engaging in a short sale would go a long ways towards ending
this abusive practice. Although decreasing the number of failures to
deliver is certainly not the only measure for success in fighting
abusive short selling, I note that when the SEC issued a temporary
preborrow requirement last July on a limited number of stocks, the
number of new failures to deliver in those stocks dropped by 78%.”
US nuclear-powered carrier entry to Manila violates ASEAN Treaty.
The following manifestation was made by Rep. Walden Bello of the Party-list Akbayan! on the floor of the House of Representatives of the Philippines on August 13, 2009. It was prepared by Herbert Docena of Focus on the Global South.
On October 5, the National Campaign for Nonviolent Resistance (NCNR), along with other national peace groups, will carry out direct action at the White House to end the war in Afghanistan and demand reparations for the people of Afghanistan.
t's a story of unintended consequences. The good news is that that Massachusetts is trying to hit its quota a renewable energy standards by 12-20 %. The bad news is that it wants to do so by cutting down trees. The trees are intended to be used as fuel. Cutting down trees can contribute to climate change as much as using carbon fuels.
The “transparent government” that President Obama guaranteed during his electoral campaign has become yet another broken promise. On August 14th, the Huffington Post revealed a memo containing details of “the deal” that Obama cut with health care mega-corporations in secret White House meetings. And although the White House denies the authenticity of the memo, the details are consistent with earlier reports from other national media outlets.