As I continue to read more and more articles about the GameStop stock rise and trading debacle, I occasionally find an article that provides a slightly different perspective. Such is the case with an article written by Forbes reporter Antoine Gara entitled “How GameStop and An Army of Reddit Traders Exposed The Riskiest Market in Decades.”
In my youth, Groundhog Day seemed like one of those odd curiosities – a holiday with no general reason for being other than to perk us up in hopes that spring weather and outside sports activities would soon be here. As an adult, it became one of those holidays that no one celebrates and no employer includes in paid time off benefits for their employees. Perhaps it was the 1993 movie “Groundhog Day,” starring Bill Murray and Andi MacDowell, that changed my attitude.
I connected with a friend, Dr. Michael Driscoll, to discuss the GameStop situation, specifically as it relates to selling a stock short. Dr. Driscoll is the former dean of the Richard J. Bolte, Sr. School of Business at Mt. St. Mary’s University.
One of the best summaries that I read of the increase in value of GameStop stock last week was from Wall Street Journal reporter Jason Zweig. Mr. Zweig’s was by no means the only article written about the subject. I found nine GameStop articles published over the past three days on Forbes.com and assume many more are on the Wall Street Journal site.
In a recent Forbes article titled “This $12 Billion Company Is Getting Rich Off Students Cheating Their Way Through Covid,” Susan Adams introduces her readers to Chegg, the most valuable edtech company in America. Chegg’s capabilities to assist students with cheating are so well known that Ms. Adams reports that students refer to the act of accessing Chegg’s website as “chegging.”
Prior to the COVID-19 pandemic, weekday mornings began with the sound of my alarm chirping, usually at 6 am. Leaping out of bed, I would shower, shave, get dressed, and head downstairs for a cup of coffee and bowl of cereal before getting in the car.
Last week, the Pew Research Center published an article entitled “News Use Across Social Media Platforms in 2020.” Written by Elisa Shearer and Amy Mitchell, the article presents the results of a survey conducted by Pew Research Center from August 31 to September 7, 2020. The results were startling.
Google the term “Higher Ed predictions 2021,” and Google’s search engine indicates that there are about 398,000,000 results. Fortunately, Google attempts to put the most relevant search results on the first page, and 10 appears to be the number that can fit in Google’s listing format. I decided to summarize a few.
In 2036, Texas will celebrate its bicentennial. It’s estimated that Texas will add 10 million people to its current population of 29 million by then. Depending on whether or not California’s population continues to hold firm at 39.6 million or stagnates due to people leaving the state, Texas could be the most populous state in the U.S. in the future.
I believe it’s fair to say that many of us were hopeful about the possibilities for this New Year. Unfortunately, the events of last week remind us that we cannot leave 2020 behind and get on with positive progress, personally or professionally, without acknowledging the very challenging work we have ahead of us to do our part to resolve the underlying factors fueling this acrimonious social landscape. Unifying our country is dependent upon dealing honestly and holistically with a number of social issues. This post touches on one of the underlying barriers to our success: confirmation bias.