Author Topic: : Does Our Media Work For The People 4 ?---------------  (Read 103093 times)

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  • Vive la résistance!
"...DOJ Agency Has No Record of Trump’s Shady IRS Settlement - The Justice Department office that should have handled Trump’s lawsuit against the IRS says it has no records about it at all...:
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Stanley Cup Finals
Game 5
Carolina 4, Vegas 2

Carolina leads series 3 games to 2

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Any soccer fans?
FIFA World Cup is here

USA first game in Group D
 
United States vs. Paraguay at 9 PM on FOX

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SpaceX sets $135 IPO price ahead of Friday Nasdaq debut
 
SpaceX
Yahoo Finance · finance.yahoo.com


Fixed price not the usual range.  At $135 per share, SpaceX will raise around $75 billion and have an anticipated market capitalization of $1.78 trillion.
It will make Musk the world's first trillionaire.

SpaceX plans to sell 555.6 million shares to hit that $75 billion, with underwriters holding a "greenshoe," or option to sell additional shares if demand outstrips the initial allotment, of approximately 83 million shares worth around $11.2 billion. The company reportedly told investors it would stop taking orders Wednesday, a day earlier than usual, giving SpaceX and its bankers all of Thursday to determine who gets shares in the largest IPO ever.

The biggest open question is how much ends up with retail investors. SpaceX is reportedly targeting a retail allocation of roughly 30% — far above the 5% to 10% typical of most IPOs — but the final figure remains unsettled.

In addition, SpaceX's IPO shares are running four times oversubscribed which indicates strong demand; however, this amount is often inflated by institutional investors to make sure they receive enough stock for their clients. In actuality, demand could be less, adding to the uncertainty.

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Then comes the main event on Friday morning. Nasdaq's market makers will begin matching buy and sell orders to find an opening price, a process that, for large, highly watched IPOs, can stretch well past the opening bell.

By Friday afternoon, the world's most valuable private company will be private no longer, and the market, not SpaceX, will set the price from then on.

Where the stock opens compared to its $135 offer price, and where the stock closes on the first day of trade, will provide judgment on whether SpaceX's market debut is an initial success.

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Supreme Court blocks Alabama from executing inmate with method lower court found cruel and unusual

The Supreme Court on Thursday blocked Alabama from executing a man using nitrogen hypoxia, a relatively new method of carrying out the death penalty that experts say causes “air hunger” and that a federal court ruled violates the Eighth Amendment’s ban on cruel and unusual punishment.

As is often the case in emergency death penalty appeals, the majority did not explain its reasoning. Three conservative justices – Clarence Thomas, Samuel Alito and Neil Gorsuch – said they would have granted Alabama’s request and allowed the execution to take place. They also did not explain their reasoning.

The question for the Supreme Court was whether to throw out a decision from a federal district court this week that barred the state from executing Lee with nitrogen gas. That relatively new method is partly a response to pharmaceutical companies declining to allow their drugs to be used in lethal injections. Alabama has executed seven people using nitrogen-hypoxia.

But the method has drawn sharp criticism, and a federal appeals court in Atlanta concluded that the protocol presented “a substantial risk of serious harm — severe pain over and above death itself.” After that, a lower federal court concluded that the state could feasibly execute Lee with a firing squad, instead, and that method would significantly reduce the risk of harm.

The court’s ruling does not foreclose the possibility that Alabama could later attempt to execute Lee by firing squad, a method he had requested.

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That form of capital punishment needs to end.

An interesting case.
Differs from past appeals because lower court made judgment on merits
Court could have took up merits but did not

The judge in Lee’s case sentenced him to death despite a jury’s recommendation of a life sentence. That judicial override procedure was repealed by Alabama in 2017, but the change in policy did not apply retroactively.

The Supreme Court has previously considered emergency appeals involving nitrogen hypoxia and allowed those executions to go forward. In October, the court denied a request from Anthony Boyd to halt his execution in Alabama without explanation. The court’s three liberals issued a striking dissent.


Justice Sonia Sotomayor encouraged Americans to start a stopwatch and reflect as the seconds turn into minutes.

“Now imagine for that entire time, you are suffocating,” Sotomayor wrote in her dissent, which was joined by Justices Elena Kagan and Ketanji Brown Jackson. “You want to breathe; you have to breathe. But you are strapped to a gurney with a mask on your face pumping your lungs with nitrogen gas.”

“Your mind knows that the gas will kill you,” she continued. “But your body keeps telling you to breathe.”

The Supreme Court often sides with the state in last-minute death penalty cases on the emergency docket. But the legal posture of Lee’s case was different because, unlike in most emergency matters, a federal district court had entered a ruling on the merits. Steve Vladeck, a professor at Georgetown University Law Center and a CNN Supreme Court analyst, said the court’s decision would have amounted to an expansion of its emergency docket.

Alabama’s appeal, Vladeck wrote in a brief to the Supreme Court, should have been dealt with on its regular, merits docket on which the justices receive more extensive briefing and hear oral argument if the case is granted.


 

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