Ocasio Cortez Loses In 2021
New York lost so many residents since 2010 that it’s likely to lose a seat in Congress. According to The Intercept, Rep. Alexandria Ocasio-Cortez’s district may be the one on the chopping block, but the Democratic Socialist is prepared to put up a fight to keep her spot. January 13, 2021 11:12 AM ET. Barbara Sprunt Enlarge this image. Alexandria Ocasio-Cortez, D-N.Y., seen here in November, told viewers during an Instagram Live on Tuesday that she feared for. — Alexandria Ocasio-Cortez (@AOC) January 28, 2021 After the insurrection at the Capitol earlier this month, Cruz — and other congressional Republicans — has been widely criticized for his insistence on objecting to the results of the 2020 election, echoing former President Donald Trump’s baseless claims that victory was stolen from him. Ocasio-Cortez took to Twitter on. — Alexandria Ocasio-Cortez (@AOC) January 28, 2021. A second Capitol police officer lost their life yesterday in the still-raging aftermath of the. New York On Track to Lose Congress Seat Due To Massive Exodus, Ocasio-Cortez May be the One to Get Dumped by CollinRugg January 17, 2021, 5:01 am So many people are leaving the expensive and high taxed state of New York that the state is in danger of losing a seat in Congress before the 2022 election.
Two leading House and Senate committees pledged to hold hearings on the recent gyrations in the stock market as lawmakers voiced bipartisan outrage at platforms that curbed trades in companies like GameStop Corp. that were fueled by the social media site Reddit.
“People on Wall Street only care about the rules when they’re the ones getting hurt. American workers have known for years the Wall Street system is broken — they’ve been paying the price,” incoming Senate Banking Chairman Sherrod Brown said in a statement. “It’s time for the SEC and Congress to make the economy work for everyone, not just Wall Street.”
Representative Maxine Waters, chair of the House Financial Services Committee, also promised a hearing focused on recent market instability and role played by hedge funds.
While neither Brown nor Waters announced dates for their respective hearings, a rare bipartisan collection of lawmakers spoke up to criticize platforms like Robinhood Markets Inc. for limiting trading in some stocks, saying it unfairly disadvantages regular people who should be allowed to trade as freely as hedge funds.
Response of Ocasio-Cortez, Warren
House Speaker Nancy Pelosi called recent trades “interesting,” and said relevant agencies should examine the issue. Progressive Democrats including Representative Alexandria Ocasio-Cortez and Senator Elizabeth Warren, as well as GOP Senator Pat Toomey, said the moves merit closer regulatory scrutiny.
“It’s turned into a casino so that market manipulators come in and they drive markets up or down and make a profit on it,” Warren said of the stock market on CNBC. “The billionaires and some hedge funds are yelling because they’re not the ones, the only ones, who make money when the manipulation works.”
Toomey, who’s poised to become the top Republican on the Senate banking panel, said he’s disturbed by Robinhood and other platforms blocking trades.
“I find it very disturbing that a platform would suddenly freeze out investors,” Toomey said. “People should be free to make the investment decisions they choose.”
Impact on ‘Everyday Investors’
In announcing a plan for action, Waters noted the “long history of predatory conduct” by hedge funds, adding that “private funds preying on the pension funds of hard working Americans must be stopped.”
“I will convene a hearing to examine the recent activity around GameStop stock and other impacted stocks with a focus on short selling, online trading platforms, gamification and their systemic impact on our capital markets and retail investors,” the California lawmaker said in a statement.
Representative Patrick McHenry, the top Republican on the panel, said he “wants to open up markets to everyday investors” and is “watching the GameStop issue with absolute fascination.”
“If there has been market manipulation, fraud, or any pump-and-dump schemes, that obviously needs to be fully investigated,” McHenry said.
Ocasio-Cortez, also a member of the House Financial Services Committee, tweeted earlier that “we now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”
Gensler Nomination Delayed
GameStop’s volatile trading briefly pushed the stock to No. 1 on the Russell 2000 Index on Thursday, despite the trading restrictions. But shares then fell as much as 68% from their high and trading was halted for the second time on Thursday. Shares in GameStop, a retail chain that sells new and used video games, closed down 44% Thursday at $193.60.
Ocasio Cortez Loses In 2021 Olympics
Jared Bernstein, a member of President Joe Biden’s Council of Economic Advisers, said the U.S. Securities and Exchange Commission is looking into the trading frenzy. But he suggested the situation was merely a symptom of broader inequality in the U.S. economy.
“For me, and for the president, where this goes is that we’re not going to measure our progress by the stock market,” Bernstein said on CNN. “You’ve got a booming stock market and you’ve got rising poverty. That is at the core of the problem that we are trying to solve, not just in the near term but lastingly.”
The Senate Banking Committee hasn’t scheduled a hearing to confirm Gary Gensler, Biden’s pick to lead the SEC, leaving the agency with an acting chair for weeks — or potentially even months.
White House Press Secretary Jen Psaki said she didn’t have specific information about Gensler’s confirmation timetable, as the Senate works through Biden’s cabinet-level nominees first.
Ocasio Cortez Loses In 2021 Season
Democrats assumed control of the Senate last week, and confirmation votes have moved slowly as Democratic and Republican leaders negotiate how to organize committees.
“The president has spoken about the urgency of getting his team in place to address the range of issues we’re facing and I don’t think that would be any different for Mr. Gensler,” Psaki said, adding that Biden is being briefed by his economic team.
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Alex Ocasio Cortez
Representative Alexandria Ocasio-Cortez (D-NY) said Wednesday on MSNBC’s “All In” that in the “core of the Republican Caucus in the House of Representatives,” there are “legitimate white supremacist sympathizers.”
Ocasio-Cortez said, “I actually sense a profound difference between the Republican Caucus of last term, the 115th Congress, and the Republican Caucus of this term, that we are now, what, a few weeks into at this point. And that difference was that it really felt that last term, the Republican Caucus was one of extreme fealty to Donald Trump. There were some that were true believers. Others that simply remained quiet out of cowardice and out of fear of the president’s retribution. This term, there are legitimate white supremacist sympathizers that sit at the heart and at the core of the Republican Caucus in the House of Representatives.”
She continued, “When you see someone like the House Minority Leader of the Republican Party respond to white supremacists vitriol coming from his own members, not with censure like they did with representative Steve King of Iowa, not with, you know, being stripped of committees, not with any consequence, you have to wonder who actually has that power. It increasingly seems, unfortunately, that in the House Republican Caucus, Kevin McCarthy answers to these QAnon members of Congress, not the other way around.”
Ocasio-Cortez added, “When I hear that representative McCarthy is going to pull a member aside who has made white supremacist sympathizing comments, the thing that I think is, what is he going to tell them, keep it up? Because there are no consequence in the Republican Caucus for violence. There’s no consequence for racism, no consequence for misogyny, no consequence for insurrection. No consequence means that they condone it. It means that that silence is acceptance, and they want it because they know that it is a core animating political energy for them. ”
She concluded, “This is extremely dangerous, and extremely dangerous threshold we have crossed because we are now away from acting out of fealty to their president that they had in the Oval Office, and now we are talking about fealty to white supremacist organizations as a political tool. For Republicans that are in that caucus that are unwilling to hold that accountable or to distance themselves from it, we really, really need to ask ourselves what they are evolving into. This is no longer a party about limited government. This is about something much more nefarious.”
Ocasio Cortez Loses In 2021 Nfl
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