Posts Tagged ‘Senate’
“I Seen My Opportunities and I Took ’Em”*
U.S. Senators and Congresspeople are routinely privy to news that easily fits the definition of insider information (“a fact about a public company’s plans or finances that has not yet been revealed to shareholders and that could give an unfair advantage to its possessors if acted upon“), investing on which would constitute the crime of insider trading in any other setting. There are easy ways to avoid this risk (blind trusts, widely-held stock funds, et al.); still, over half of our elected representatives trade individual stocks.
The chart above is from Quiver Strategies, a company with a “democratizing” mission:
Over the past decade, alternative data has exploded in popularity among professional money managers. Alternative data allows investors to tap into new and unique data sources to aid their decisions. However, alternative data is typically priced for institutional clients, and is not widely available to retail investors.
Trends in FinTech such as commissions-free trading have made it easier than ever to actively manage your own portfolio, which has created millions of retail traders around the world.
Quiver was founded by two college students in February of 2020, with the goal of bridging this information gap between Wall Street and non-professional investors.
Maybe not surprisingly, one of the most successful families of strategies they’ve identified tracks the stock trades of Senators and Congresspeople (per the illustration above; use pull-down to see others).
Huge majorities of Americans favor a ban on Congressional trading; and a few legislators have introduced a bill to curtail it (along with others). But it been tried before, and failed. As for this wave, as Reuters reports “It was unclear when the legislation might be considered in committee or whether it will advance to the full Senate for debate and votes anytime this year.”
[Toth to Mark Frauenfelder and Boing Boing]
* Tammany Hall boss George Washington Plunkitt, as part of his justification of what he called “honest graft“
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As we hold our noses, we might note that today is National Happy Hour Day.
“Button, button, who’s got the button?”*…
If something is “fit for the back of a postage stamp,” it’s generally understood as lacking depth and nuance. A similarly sized object, however, has been upending that saying for 125 years. From political campaigns to punch lines to keepsakes, the button has packed bits of incredibly rich history into just a few inches. “It seems like a niche little object, but it really tells a very general American history,” [observed] collector and manufacturer Christen Carter…
The wearable item is, in fact, an entry point into the complexities of the past.Carter recently co-authored the forthcoming book Button Power—which is available for pre-order on Bookshop—with notable dealer Ted Hake, who’s been collecting the objects for around 60 years. Through composed displays and black-and-white photos, the tome delves into the item’s history, spanning its invention in 1896 to contemporary usages. “Early on people were wearing buttons, and mostly it’s a temporary thing. It’s a moment in time,” Carter says. “They connected you to something else. One-hundred-twenty-five years ago, images weren’t as prevalent as they are now.” Button Power compiles a diverse array of notable figures, from Shirley Chisholm and the Ramones to Rube Goldberg and Muhammad Ali, each represented through the wearable item…
A medium with popularity perpetually in flux, the button has risen and fallen since its creation and notably surged in the 1960s and 1980s as it was used more widely for countercultural movements and protests. Of course, mainstream efforts from political campaigns, public figures, and large-scale events generally still sought out buttons to share their visions. Many of the slogans and broader undertakings of alternative movements that may have evaded popular narratives, however, also are preserved by the object. “It’s a people’s history, too…
More (and more nifty buttons) at “A New Book Chronicles the 125-Year History of the Button, Its Design, and Its Role in Cultural Change.”
* children’s game
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As we wear ’em with pride, we might recall that it was on this date in 1948 that Margaret Chase Smith of Maine became the first woman elected to the United States Senate without completing another senator’s term.
Uh-oh…
The shortwave radio station UVB-76 is known to DXers (serious shortwave listeners) as “The Buzzer” because it has been broadcasting a short, monotonous buzz tone (hear it here), repeating at a rate of approximately 25 tones per minute, 24 hours per day, since 1982… that is, until this past weekend, when it stopped.
Satellite photo of the UVB-76 transmitter near Povarovo, Russia
Many believe that UVB-76 was being used to transmit encoded messages to spies, as is generally assumed for the many numbers stations that populate shortwave frequencies…. though no nation’s government will confirm or deny the existence of the stations or their purpose. Or the constant transmission of its characteristic sound may have been signaling the availability or readiness of some kind of installation– a kind of “dead man’s switch” of a military or other installation– possibly for the infamous Dead Hand system.
But a more benign explanation is that the constant buzz was a High-Frequency Doppler used for ionosphere research of the sort described in the Russian Journal of Earth Sciences, in which radio waves are reflected from ionosphere inhomogeneities. (This method involves comparing a continuous radio transmission which is reflected by the ionosphere with a stable basic generator.) As it happens, the continuously-transmitted carrier frequency currently used for this research is the same as that of the UVB-76 (4.625 MHz).
Rest in peace (and quiet).
TotH to Above Top Secret.
As we keep our ears to the ground, we might note that this date, June 9, was a big one for the fifth and final Roman emperor of the Julio-Claudian dynasty, Nero: On this date in 53 CE, he married his step-sister, Claudia Octavia. Then on their anniversary in 62 CE, he had her executed. And on this date in 68 CE, Nero committed suicide, after quoting Homer’s Iliad. (On hearing the approach of horsemen who’d been dispatched by the Senate, which had declared Nero a public enemy, the deposed Emperor declared “Hark, now strikes on my ear the trampling of swift-footed coursers!”)
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