In other words, 107% of all Overstock shares available for trade were short – a physical impossibility, unless someone was somehow creating artificial supply in the stock.
You can read the actual motion here. Pay attention to pages 14 – 18.
You can see an amazingly accessible discussion about the practice of ‘naked short selling’ and why you should be pissed by the CEO of Overstock.com, here.
Mister Rogers appears to have really been wholesome all the way down, and here he’s leading a group of children in a song that has them counting off each finger in turn. When they get to the middle finger, Rogers cracks up …
I don’t know about you, but I like Mr. Rogers even more now…- Ed.
According to the report, the auto giant’s marketing executives “determined their paid ads had little impact on consumers.”
…$100 BN valuation….hmm…-Ed.
JPMorgan Chase & Co said on Thursday that it suffered a $2 billion trading loss from a failed hedging strategy, a disclosure that hit financial stocks and the reputation of the bank and its prominent CEO, Jamie Dimon.
“The system we have now will eventually destroy innovation in Silicon Valley. Every patent is a micro law prohibiting innovation. We’ve gone from a model of companies competing with each other to create the best product to companies suing each other to prevent them from innovating.”
Whether you knew it or not, the U.S. is currently in a state of emergency, declared by President Bill Clinton and extended by his two successors. And in a state of emergency, as the courts generally concede, presidential authority is broader than it is in ordinary times.
For Delta, which consumed roughly 250,000 bpd of jet fuel last year at a cost of 
$12 billion, analysts said the benefit of having a cheap supply of the fuel from Trainer could give it an advantage over rivals in the New York area, where it is expanding services.
I usually arrived at work before most of the staff. On some days, I could wander across the office to get my coffee without seeing anyone. But strangely, that morning, the team’s communications guru, was already there. He pulled me aside. “Be prepared to have a terrible day,” he said. “I can’t tell you any more—you’ll know soon enough. But I’m telling you as a friend, this is going to be a really rough day.”
I went back to my desk trying to decipher what he meant. Soon, my phone rang. On the other end was a member of the operations team: “Jeremy, you need to do something for me. You need to grab the championship trophies. Polish them until they’re spotless and bring them to the Furtado Center [the team’s training facility]. I can’t tell you why, you just need to do it now.”
JetBlue Airways is apologizing for a “computer glitch” it blames for a family being told their 18-month-old daughter was on a government no-fly list.
Bamford: No, no, it was my idea. I was terrified, because it was this motorcycle club in Duluth—a pretty low-key motorcycle club, because Minnesotans aren’t too rowdy, but I was scared. So I was like, “Dad, would you please open for me?” And my dad loves me, and so he worked out his bits.
Slate: It was all his own material.
Bamford: Yeah. I think it was about six to seven minutes. He bombed and then I bombed. It was a family affair.
