Hedge funds, PE firms... are vultures, employees are the 1st to go:
"A hedge fund bought the co, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, & jacked the rent. Just so you know what is really going on here."
-M McDonald
Darden sold Red Lobster in 2014 to private equity firm Golden Gate Capital for $2.1B. It parted with its remaining stake in the chain in 2020, selling to Thai Union Group.
New Leg. Proposes to Take Wall St Out of the Housing Market
The bill would ban hedge funds from buying & owning single-family homes in the US. If signed into law -could potentially increase the supply of homes available for individual buyers -would require hedge funds to sell off all the single-family homes -over a 10-yr period, & eventually prohibit such cos.-.
“The housing in our neighborhoods should be homes for people, not profit centers for Wall Street,” said Sen. Jeff Merkley. “Yet, in every corner of the country, giant financial corporations are buying up housing and driving up both rents and home prices.”
Without this legislation, "... large institutions are projected to own more than 40 percent of all single-family rental units in the U.S. by 2030"
The reason why #rent hasn't skyrocketed in my hometown compared to the average is because instead of "just #privatizing" by selling off public-owned assets like city-built #housing for cheap to #HedgeFunds and #BigRealEstate corporations, the city spun off said holdings into a #cooperative that has non-profit status, at least reducing any gentrification against seniors and low-income households.
Oh dear.... this year short-sellers, primarily #hedgefunds have lost around $6bn betting against the revival of #cruise lines & #holiday firms - ha ha ha.
But, perhaps more seriously this suggests that despite the #costoflivingcrisis & the #climatecrisis the human race is still prepared to holiday while the planet burns... and the firms who deliver these services are continuing to prosper.
At some point we will realise what having a nice break is doing to the planet.... but too late?
Climate change is an immediate threat to the majority of the world's population.
We need a local, regional, state, national, and international "moon shot" type of concentration of effort using available resources while developing and advancing new science and technologies to counteract the damage humans have caused.
Without this type of all-out, universal cooperation, human civilization, and perhaps humanity itself, are in imminent danger of extinction.
#lindner der sonst alles „blockt“ hat es nicht geschafft, das „Payment for Order Flow“-Verbot der EU zu verhindern. Ein Konstrukt, von dem sogar die #Bafin sagt, dass es kleineren Aktionären zugutekommt.
Wer das Verbot wollte?
Große Börsen wie die Deutsche Börse oder Euronext.
Den Schaden haben jetzt vor allem kleine Anlege, die auf die günstigen Angebote der Neobroker gesetzt haben. Die regulären Gebühren der „großen“ Broker lohnen sich bei kleineren Transaktionen häufig überhaupt nicht.