Online Gambling in Texas: Are Gambling Sites Legal in TX 2021?

is gambling allowed in texas

is gambling allowed in texas - win

Story Time: Silver short squeeze

How the Hunt Brothers Cornered the Silver Market and Then Lost it All

TL:DR: yes its long. Grab a beer.


Until his dying day in 2014, Nelson Bunker Hunt, who had once been the world’s wealthiest man, denied that he and his brother plotted to corner the global silver market.
Sure, back in 1980, Bunker, his younger brother Herbert, and other members of the Hunt clan owned roughly two-thirds of all the privately held silver on earth. But the historic stockpiling of bullion hadn’t been a ploy to manipulate the market, they and their sizable legal team would insist in the following years. Instead, it was a strategy to hedge against the voracious inflation of the 1970s—a monumental bet against the U.S. dollar.
Whatever the motive, it was a bet that went historically sour. The debt-fueled boom and bust of the global silver market not only decimated the Hunt fortune, but threatened to take down the U.S. financial system.
The panic of “Silver Thursday” took place over 35 years ago, but it still raises questions about the nature of financial manipulation. While many view the Hunt brothers as members of a long succession of white collar crooks, from Charles Ponzi to Bernie Madoff, others see the endearingly eccentric Texans as the victims of overstepping regulators and vindictive insiders who couldn’t stand the thought of being played by a couple of southern yokels.
In either case, the story of the Hunt brothers just goes to show how difficult it can be to distinguish illegal market manipulation from the old fashioned wheeling and dealing that make our markets work.
The Real-Life Ewings
Whatever their foibles, the Hunts make for an interesting cast of characters. Evidently CBS thought so; the family is rumored to be the basis for the Ewings, the fictional Texas oil dynasty of Dallas fame.
Sitting at the top of the family tree was H.L. Hunt, a man who allegedly purchased his first oil field with poker winnings and made a fortune drilling in east Texas. H.L. was a well-known oddball to boot, and his sons inherited many of their father’s quirks.
For one, there was the stinginess. Despite being the richest man on earth in the 1960s, Bunker Hunt (who went by his middle name), along with his younger brothers Herbert (first name William) and Lamar, cultivated an image as unpretentious good old boys. They drove old Cadillacs, flew coach, and when they eventually went to trial in New York City in 1988, they took the subway. As one Texas editor was quoted in the New York Times, Bunker Hunt was “the kind of guy who orders chicken-fried steak and Jello-O, spills some on his tie, and then goes out and buys all the silver in the world.”
Cheap suits aside, the Hunts were not without their ostentation. At the end of the 1970s, Bunker boasted a stable of over 500 horses and his little brother Lamar owned the Kansas City Chiefs. All six children of H.L.’s first marriage (the patriarch of the Hunt family had fifteen children by three women before he died in 1974) lived on estates befitting the scions of a Texas billionaire. These lifestyles were financed by trusts, but also risky investments in oil, real estate, and a host of commodities including sugar beets, soybeans, and, before long, silver.
The Hunt brothers also inherited their father’s political inclinations. A zealous anti-Communist, Bunker Hunt bankrolled conservative causes and was a prominent member of the John Birch Society, a group whose founder once speculated that Dwight Eisenhower was a “dedicated, conscious agent” of Soviet conspiracy. In November of 1963, Hunt sponsored a particularly ill-timed political campaign, which distributed pamphlets around Dallas condemning President Kennedy for alleged slights against the Constitution on the day that he was assassinated. JFK conspiracy theorists have been obsessed with Hunt ever since.
In fact, it was the Hunt brand of politics that partially explains what led Bunker and Herbert to start buying silver in 1973.
Hard Money
The 1970s were not kind to the U.S. dollar.
Years of wartime spending and unresponsive monetary policy pushed inflation upward throughout the late 1960s and early 1970s. Then, in October of 1973, war broke out in the Middle East and an oil embargo was declared against the United States. Inflation jumped above 10%. It would stay high throughout the decade, peaking in the aftermath of the Iranian Revolution at an annual average of 13.5% in 1980.
Over the same period of time, the global monetary system underwent a historic transformation. Since the first Roosevelt administration, the U.S. dollar had been pegged to the value of gold at a predictable rate of $35 per ounce. But in 1971, President Nixon, responding to inflationary pressures, suspended that relationship. For the first time in modern history, the paper dollar did not represent some fixed amount of tangible, precious metal sitting in a vault somewhere.
For conservative commodity traders like the Hunts, who blamed government spending for inflation and held grave reservations about the viability of fiat currency, the perceived stability of precious metal offered a financial safe harbor. It was illegal to trade gold in the early 1970s, so the Hunts turned to the next best thing.
📷
Data from the Bureau of Labor Statistics; chart by Priceonomics
As an investment, there was a lot to like about silver. The Hunts were not alone in fleeing to bullion amid all the inflation and geopolitical turbulence, so the price was ticking up. Plus, light-sensitive silver halide is a key component of photographic film. With the growth of the consumer photography market, new production from mines struggled to keep up with demand.
And so, in 1973, Bunker and Herbert bought over 35 million ounces of silver, most of which they flew to Switzerland in specifically designed airplanes guarded by armed Texas ranch hands. According to one source, the Hunt’s purchases were big enough to move the global market.
But silver was not the Hunts' only speculative venture in the 1970s. Nor was it the only one that got them into trouble with regulators.
Soy Before Silver
In 1977, the price of soybeans was rising fast. Trade restrictions on Brazil and growing demand from China made the legume a hot commodity, and both Bunker and Herbert decided to enter the futures market in April of that year.
A future is an agreement to buy or sell some quantity of a commodity at an agreed upon price at a later date. If someone contracts to buy soybeans in the future (they are said to take the “long” position), they will benefit if the price of soybeans rise, since they have locked in the lower price ahead of time. Likewise, if someone contracts to sell (that’s called the “short” position), they benefit if the price falls, since they have locked in the old, higher price.
While futures contracts can be used by soybean farmers and soy milk producers to guard against price swings, most futures are traded by people who wouldn’t necessarily know tofu from cream cheese. As a de facto insurance contract against market volatility, futures can be used to hedge other investments or simply to gamble on prices going up (by going long) or down (by going short).
When the Hunts decided to go long in the soybean futures market, they went very, very long. Between Bunker, Herbert, and the accounts of five of their children, the Hunts collectively purchased the right to buy one-third of the entire autumn soybean harvest of the United States.
To some, it appeared as if the Hunts were attempting to corner the soybean market.
In its simplest version, a corner occurs when someone buys up all (or at least, most) of the available quantity of a commodity. This creates an artificial shortage, which drives up the price, and allows the market manipulator to sell some of his stockpile at a higher profit.
Futures markets introduce some additional complexity to the cornerer’s scheme. Recall that when a trader takes a short position on a contract, he or she is pledging to sell a certain amount of product to the holder of the long position. But if the holder of the long position just so happens to be sitting on all the readily available supply of the commodity under contract, the short seller faces an unenviable choice: go scrounge up some of the very scarce product in order to “make delivery” or just pay the cornerer a hefty premium and nullify the deal entirely.
In this case, the cornerer is actually counting on the shorts to do the latter, says Craig Pirrong, professor of finance at the University of Houston. If too many short sellers find that it actually costs less to deliver the product, the market manipulator will be stuck with warehouses full of inventory. Finance experts refer to selling the all the excess supply after building a corner as “burying the corpse.”
“That is when the price collapses,” explains Pirrong. “But if the number of deliveries isn’t too high, the loss from selling at the low price after the corner is smaller than the profit from selling contracts at the high price.”
📷
The Chicago Board of Trade trading floor. Photo credit: Jeremy Kemp
Even so, when the Commodity Futures Trading Commission found that a single family from Texas had contracted to buy a sizable portion of the 1977 soybean crop, they did not accuse the Hunts of outright market manipulation. Instead, noting that the Hunts had exceeded the 3 million bushel aggregate limit on soybean holdings by about 20 million, the CFTC noted that the Hunt’s “excessive holdings threaten disruption of the market and could cause serious injury to the American public.” The CFTC ordered the Hunts to sell and to pay a penalty of $500,000.
Though the Hunts made tens of millions of dollars on paper while soybean prices skyrocketed, it’s unclear whether they were able to cash out before the regulatory intervention. In any case, the Hunts were none too pleased with the decision.
“Apparently the CFTC is trying to repeal the law of supply and demand,” Bunker complained to the press.
Silver Thursday
Despite the run in with regulators, the Hunts were not dissuaded. Bunker and Herbert had eased up on silver after their initial big buy in 1973, but in the fall of 1979, they were back with a vengeance. By the end of the year, Bunker and Herbert owned 21 million ounces of physical silver each. They had even larger positions in the silver futures market: Bunker was long on 45 million ounces, while Herbert held contracts for 20 million. Their little brother Lamar also had a more “modest” position.
By the new year, with every dollar increase in the price of silver, the Hunts were making $100 million on paper. But unlike most investors, when their profitable futures contracts expired, they took delivery. As in 1973, they arranged to have the metal flown to Switzerland. Intentional or not, this helped create a shortage of the metal for industrial supply.
Naturally, the industrialists were unhappy. From a spot price of around $6 per ounce in early 1979, the price of silver shot up to $50.42 in January of 1980. In the same week, silver futures contracts were trading at $46.80. Film companies like Kodak saw costs go through the roof, while the British film producer, Ilford, was forced to lay off workers. Traditional bullion dealers, caught in a squeeze, cried foul to the commodity exchanges, and the New York jewelry house Tiffany & Co. took out a full page ad in the New York Times slamming the “unconscionable” Hunt brothers. They were right to single out the Hunts; in mid-January, they controlled 69% of all the silver futures contracts on the Commodity Exchange (COMEX) in New York.
📷
Source: New York Times
But as the high prices persisted, new silver began to come out of the woodwork.
“In the U.S., people rifled their dresser drawers and sofa cushions to find dimes and quarters with silver content and had them melted down,” says Pirrong, from the University of Houston. “Silver is a classic part of a bride’s trousseau in India, and when prices got high, women sold silver out of their trousseaus.”
According to a Washington Post article published that March, the D.C. police warned residents of a rash of home burglaries targeting silver.
Unfortunately for the Hunts, all this new supply had a predictable effect. Rather than close out their contracts, short sellers suddenly found it was easier to get their hands on new supplies of silver and deliver.
“The main factor that has caused corners to fail [throughout history] is that the manipulator has underestimated how much will be delivered to him if he succeeds [at] raising the price to artificial levels,” says Pirrong. “Eventually, the Hunts ran out of money to pay for all the silver that was thrown at them.”
In financial terms, the brothers had a large corpse on their hands—and no way to bury it.
This proved to be an especially big problem, because it wasn’t just the Hunt fortune that was on the line. Of the $6.6 billion worth of silver the Hunts held at the top of the market, the brothers had “only” spent a little over $1 billion of their own money. The rest was borrowed from over 20 banks and brokerage houses.
At the same time, COMEX decided to crack down. On January 7, 1980, the exchange’s board of governors announced that it would cap the size of silver futures exposure to 3 million ounces. Those in excess of the cap (say, by the tens of millions) were given until the following month to bring themselves into compliance. But that was too long for the Chicago Board of Trade exchange, which suspended the issue of any new silver futures on January 21. Silver futures traders would only be allowed to square up old contracts.
Predictably, silver prices began to slide. As the various banks and other firms that had backed the Hunt bullion binge began to recognize the tenuousness of their financial position, they issued margin calls, asking the brothers to put up more money as collateral for their debts. The Hunts, unable to sell silver lest they trigger a panic, borrowed even more. By early March, futures contracts had fallen to the mid-$30 range.
Matters finally came to a head on March 25, when one of the Hunts’ largest backers, the Bache Group, asked for $100 million more in collateral. The brothers were out of cash, and Bache was unwilling to accept silver in its place, as it had been doing throughout the month. With the Hunts in default, Bache did the only thing it could to start recouping its losses: it start to unload silver.
On March 27, “Silver Thursday,” the silver futures market dropped by a third to $10.80. Just two months earlier, these contracts had been trading at four times that amount.
The Aftermath
After the oil bust of the early 1980s and a series of lawsuits polished off the remainder of the Hunt brothers’ once historic fortune, the two declared bankruptcy in 1988. Bunker, who had been worth an estimated $16 billion in the 1960s, emerged with under $10 million to his name. That’s not exactly chump change, but it wasn’t enough to maintain his 500-plus stable of horses,.
The Hunts almost dragged their lenders into bankruptcy too—and with them, a sizable chunk of the U.S. financial system. Over twenty financial institutions had extended over a billion dollars in credit to the Hunt brothers. The default and resulting collapse of silver prices blew holes in balance sheets across Wall Street. A privately orchestrated bailout loan from a number of banks allowed the brothers to start paying off their debts and keep their creditors afloat, but the markets and regulators were rattled.
Silver Spot Prices Per Ounce (January, 1979 - June, 1980)
📷
Source: Trading Economics
In the words of then CFTC chief James Stone, the Hunts’ antics had threatened to punch a hole in the “financial fabric of the United States” like nothing had in decades. Writing about the entire episode a year later, Harper’s Magazine described Silver Thursday as “the first great panic since October 1929.”
The trouble was not over for the Hunts. In the following years, the brothers were dragged before Congressional hearings, got into a legal spat with their lenders, and were sued by a Peruvian mineral marketing company, which had suffered big losses in the crash. In 1988, a New York City jury found for the South American firm, levying a penalty of over $130 million against the Hunts and finding that they had deliberately conspired to corner the silver market.
Surprisingly, there is still some disagreement on that point.
Bunker Hunt attributed the whole affair to the political motives of COMEX insiders and regulators. Referring to himself later as “a favorite whipping boy” of an eastern financial establishment riddled with liberals and socialists, Bunker and his brother, Herbert, are still perceived as martyrs by some on the far-right.
“Political and financial insiders repeatedly changed the rules of the game,” wrote the New American. “There is little evidence to support the ‘corner the market’ narrative.”
Though the Hunt brothers clearly amassed a staggering amount of silver and silver derivatives at the end of the 1970s, it is impossible to prove definitively that market manipulation was in their hearts. Maybe, as the Hunts always claimed, they just really believed in the enduring value of silver.
Or maybe, as others have noted, the Hunt brothers had no idea what they were doing. Call it the stupidity defense.
“They’re terribly unsophisticated,” an anonymous associated was quoted as saying of the Hunts in a Chicago Tribune article from 1989. “They make all the mistakes most other people make,” said another.
p.s. credit to Ben Christopher

submitted by theBacillus to wallstreetbets [link] [comments]

Lost in the Sauce: Rules finalized to take away LQBTQ rights, cement border wall, sell oil rights

Welcome to Lost in the Sauce, keeping you caught up on political and legal news that often gets buried in distractions and theater… or a global health crisis.
I am doing a separate post for the insurrection and related events. I think it is important to make sure the news in this post doesn't get overlooked.
Housekeeping:

Russia

A new report by the Office of the Director of National Intelligence (ODNI) found that Trump political appointees politicized intelligence around foreign election interference in 2020, resulting in significant errors. ODNI analytic ombudsman Barry Zulauf delivered the report to Congress on Thursday: “Analysis on foreign election interference was delayed, distorted or obstructed out of concern over policymaker reactions or for political reasons.” The biggest misrepresentation of intel involved diminishing the threat posed by Russia and overstating the risk of interference from China.
“Russia analysts assessed that there was clear and credible evidence of Russian election influence activities. They said IC management slowing down or not wanting to take their analysis to customers, claiming that it was not well received, frustrated them. Analysts saw this as suppression of intelligence, bordering on politicization of intelligence from above.”
  • WaPo: Zulauf, a career official, also found an “egregious” example of attempted politicization of the Russian interference issue in March talking points on foreign election threats, prepared “presumably by ODNI staff” and “shaped by” then-Director of National Intelligence Richard Grenell.
The Justice Department and the federal judiciary revealed that the Russian Solar Winds hack also compromised their computer systems. 3% of the DOJ’s Microsoft Office 365 were potentially affected; it does not appear that classified material was accessed. The impact on the judiciary seems much more significant, jeopardizing “highly sensitive confidential documents filed with the courts.”
The sealed court files, if indeed breached, could hold information about national security, trade secrets and wiretap transcripts, along with financial data from bankruptcy cases and the names of confidential informants in criminal cases...

Appointees

D.C. Attorney General Karl Racine has accused U.S. Agency for Global Media Director Michael Pack of funneling $4 million in nonprofit funds to his own for-profit company. In a civil lawsuit filed last week, Racine states that for over 12 years, Pack used a nonprofit company he owned to direct money to his private documentary company, enabling “Pack to line his company’s coffers with a stream of tax-exempt dollars without...a competitive bidding process, public scrutiny, or accounting requirements regarding its spending.”
Employees at Voice of America have filed a whistleblower complaint accusing Pack of using the agency “to disseminate political propaganda in the waning days of the Trump administration. The staffers take issue with a planned speech by Secretary of State Mike Pompeo to be broadcast from VOA headquarters. The event, to be attended by a live audience, “is a specific danger to public health and safety” in the middle of a pandemic. Finally, the whistleblowers say the event is “ a gross misuse of government resources,” costing at least $4,000 in taxpayer funds to date and using 18 employees who would otherwise be producing VOA content.
Acting Defense Secretary Chris Miller has announced his appointees to the panel set to rename confederate military bases and plan the removal of confederate symbols/monuments. Most controversially, Miller named White House liaison Joshua Whitehouse, who oversaw the purge of the Defense Policy Board and the Defense Business Board last month. The other three Miller-appointees are former acting Army general counsel Earl Matthews, acting assistant secretary of Defense Ann Johnston, and White House official Sean McLean. The remaining four members will be appointed by the Senate and House Armed Services Committees.
  • The 10 Army posts named in honor of Confederate generals are Camp Beauregard and Fort Polk in Louisiana, Fort Benning and Fort Gordon in Georgia, Fort Bragg in North Carolina, Fort A.P. Hill, Fort Lee and Fort Pickett in Virginia, Fort Rucker in Alabama, and Fort Hood in Texas.

Trump

The Trump Inaugural Committee, a nonprofit, improperly paid a $49,000 hotel bill that should have been picked up by Trump’s for-profit business. D.C. Attorney General Karl Racine revealed the allegation in an existing lawsuit against the committee, which already accuses Trump’s hotel of illegally pocketing about $1 million of donors’ money. “The Trump Organization was liable for the invoiced charges...The [Committee’s] payment of the invoice was unfair, unreasonable and unjustified and ultimately conferred improper private benefit to the Trump Organization.”
The Professional Golfer’s Association voted last night to move the 2022 PGA Championship from Trump’s Bedminster course. Jim Richerson, PGA of America president, said in a statement that “it has become clear that conducting” the championship at Trump’s property would “be detrimental to the PGA of America brand” and put the organization's ability to function "at risk."
Amid speculation that Trump may spend inauguration day at his Scottish golf course, Scotland First Minister Nicola Sturgeon warned him that even presidents can’t break the country’s pandemic restrictions. “We are not allowing people to come into Scotland now without an essential purpose, which would apply to him, just as it applies to everybody else. Coming to play golf is not what I would consider an essential purpose,” she said.
Trump is on a Presidential Medal of Freedom spree, giving out the award to sports figures and Republican allies. Last Monday, Trump awarded the medal to Rep. Devin Nunes for his work undermining the FBI’s investigation of Russia’s election interference. “Devin Nunes’ courageous actions helped thwart a plot to take down a sitting United States president,” the White House press release states. Likewise, Trump gave the medal to Rep. Jim Jordan (R-OH) for his “effort to confront the impeachment witch hunt” and “exposing the fraudulent origins of the Russia collusion lie.”
  • The day after Trump supporters rampaged through the Capitol, Trump awarded the medal to retired professional golfers Annika Sorenstam and Gary Player. The president planned on giving New England Patriots coach Bill Belichick the medal on Thursday, but he declined the offer, saying that “the tragic events of last week occurred and the decision has been made not to move forward with the award.”

Courts

Dominion Voting Systems filed suit against pro-Trump lawyer Sidney Powell for defamation. Powell falsely claimed that Dominion had rigged the election, that Dominion was created in Venezuela to rig elections for Hugo Chávez, and that Dominion bribed Georgia officials for a no-bid contract,” the lawsuit states. Citing millions spent on security for employees, damage control to its reputation, and future losses, Dominion requests damages of more than $1.3 billion.
  • Dominion's lawyer told reporters last week the lawsuit against Powell “is just the first in a series of legal steps.” Ari Cohn, a free speech and defamation lawyer, told WaPo: “If I had to guess I would say that [Poulos] wants a very public vindication with a ruling establishing that Sidney Powell defamed them and that her statements were baseless...That's not something you generally get in a settlement agreement.”
  • Just last week, Trump again said at a rally that Dominion machines allowed “fraudulent ballots” to be counted during the 2020 election (clip).
The Supreme Court declined to fast track eight Trump-related cases related to the 2020 election, ensuring they won’t be taken up before Biden’s inauguration. The cases include one brought by attorney Lin Wood against Georgia’s Secretary of State, the so-called “Kraken” cases, and three brought by Trump’s campaign. It is possible the lawsuits will be declared moot after Biden is sworn in.
The Supreme Court has agreed to hear two cases alleging that the Treasury Dept. incorrectly distributed Coronavirus aid meant for tribal governments. The Lower 48 Tribes argue that Alaska Native Corporations (ANCs) are not eligible for CARES Act funding, while the Trump administration wants to divvy up the money between tribes and ANCs.

Immigration

A federal judge blocked the Trump administration’s final attempt to restrict U.S. asylum laws. District Judge James Donato (Obama appointee) ruled in favor of advocacy groups who argued that acting Homeland Security secretary Chad Wolf lacked authority to impose the new rules, which would have resulted in the denial of most asylum applications.
“The government has recycled exactly the same legal and factual claims made in the prior cases, as if they had not been soundly rejected in well-reasoned opinions by several courts,” Donato wrote. “This is a troubling litigation strategy. In effect, the government keeps crashing the same car into a gate, hoping that someday it might break through.”
On Monday, acting Homeland Security secretary Chad Wolf submitted his resignation, citing the recent court ruling that he is not a valid appointee to the position. His resignation letter does not cite the Capitol riots or Trump’s language inciting the insurrection. FEMA Administrator Pete Gaynor will be the new acting secretary.
"Unfortunately, this action is warranted by recent events, including the ongoing and meritless court rulings regarding the validity of my authority as Acting Secretary. These events and concerns increasingly serve to divert attention and resources away from the important work of the Department in this critical time of a transition of power," Wolf added.
A new Immigration and Customs Enforcement policy will make it harder for immigrant minors to obtain asylum in the U.S. The change was made at the end of last month by then-acting agency leader Tony Pham, who served in the position for less than five months.
Beginning Dec. 29, ICE officers were told that they must review whether an immigrant child is still “unaccompanied” each time they encounter the minor… The memo indicates that the evaluation by ICE officers can come at any time, including when an officer is reviewing immigration court records of a child, and if it’s determined that an immigrant is no longer unaccompanied, they will move to change their status.
Such a change could lead to making some children ineligible to have their asylum claims initially heard and processed… “If implemented aggressively, this policy could significantly decrease the number of children who ultimately receive asylum in the United States,” said Sarah Pierce, an analyst at the Migration Policy Institute. “They are really putting the onus on ICE officers to do everything they can as frequently as they can to remove these designations.”
The Trump administration is still awarding border wall contracts, even in areas where private land has not yet been acquired. The move will make it more difficult for Biden to stop construction of the border wall.
Attempts to halt construction completely, as Biden promised, will prove difficult, particularly if contracts continue to be struck -- a challenge [acting Customs and Border Protection Commissioner Mark] Morgan acknowledged Tuesday. "They could terminate those contracts if they want to, but that's going to be a very lengthy, messy process," Morgan said.
"We're going to have to go into settlement agreements with each individual contractor," Morgan added, noting, that payments will have to be made for what they've already done, as well as for materials produced. He estimated the process could cost billions.
Trump is set to visit Alamo, Texas, today to celebrate the completion of more than 400 miles of the border wall. You can watch the event on YouTube at 3:00 pm eastern.

Miscellaneous

Stories that didn’t fit in the above categories...
The Trump administration auctioned off leases to drill oil in Alaska's Arctic National Wildlife Refuge last week. Only two private companies bid, each winning large tracts of land. Knik Arm Services, from Alaska, paid $1.6 million for a 50,000-acre tract along the Arctic Ocean. A subsidiary of Australian company 88 Energy paid $800,000 to win the smallest tract.
One of the Health and Human Services Department’s final acts under Trump was finalizing the removal of Obama-era regulations barring discrimination among HHS grantees. The change will allow recipients of federal grant money - like adoption and foster agencies - to discriminate against LGBTQ people and those of a different religion.
Human Rights Campaign: “Statistics suggest that an estimated two million LGBTQ adults in the U.S. are interested in adoption… Further, research consistently shows that LGBTQ youth are overrepresented in the foster care system, as many have been rejected by their families of origin because of their LGBTQ status, and are especially vulnerable to discrimination and mistreatment while in foster care. This regulation would only exacerbate these challenges faced by LGBTQ young people.
submitted by rusticgorilla to Keep_Track [link] [comments]

Old Austin Tales: Forgotten Video Arcades of The 1970s & 80s

In the late 1980s and early 1990s when I was a young teen growing up in far North Austin, it was a popular custom for many boys in the neighborhood to assemble at the local Stop-N-Go after school on a regular basis for some Grand Champion level tournaments in Street Fighter 2 and Mortal Kombat. The collective insistence of our mothers and fathers to get out of the house, get some exercise, and refrain from playing NES or Sega on the television only led us to seek out more video games at the convenience store down the road. Much allowance and lunch money was spent as well as hours that should have been devoted to homework among the 8 or 9 regular boys in attendance, often challenging each other to 'Best of 5' matches. I myself played Dhalsim and SubZero, and not very well, so I rarely ever made it to the 5th match. The store workers frequently kicked us out for the day only to have us return when they weren't working the counter anymore if not the next day.
There is something about that which has been lost in the present day. While people can today download the latest games on Steam or PSN or in the app store on your smartphone, you can't just find arcade games in stores and restaurants like you used to be able to. And so the fun of a spontaneous 8 or 10 person multiplayer video game tournament has been confined to places like bars, pool halls, Pinballz or Dave&Busters.
But in truth it was that ubiquity of arcade video games, how you could find them in any old 7-11 or Laundromat, which is what killed the original arcades of the early 1980s before the Great Crash of 1983 when home video game consoles started to catch up to what you saw in the arcade.
I was born in the mid 1970s so I missed out on Pong. I was kindergarten age when the Golden Age of Arcade Games took place in the early 1980s. There used to be a place called Skateworld on Anderson Mill Road that was primarily for roller skating but had a respectable arcade in its own right. It was there that I honed my skills on the original Tron, Pac Man, Galaga, Pole Position, Defender, and so many others. In the 1980s I remember visiting all the same mall arcades as others in my age group. There was Aladdin's Castle in Barton Creek Mall, The Gold Mine in Highland, and another Gold Mine in Northcross which was eventually renamed Tilt. Westgate Mall also had an arcade but being a north austin kid I never went there until later in the mid 1990s. There were also places like Malibu Grand Prix and Showbiz Pizza and Chuck-E-Cheeze, all of which had fairly large arcades for kids which were the secondary attraction.
If you're of a certain age you will remember Einsteins and LeFun on the Drag. They were there for a few decades going back way before the Slacker era. Lesser known is that the UT Student Union basement used to have an arcade that was comparable to either or both of those places. Back in the pre-9/11 days it was much easier to sneak in if you even vaguely looked like you could be a UT student.
But there was another place I was too young to have experienced called Smitty's up further north on 183 at Lake Creek in the early 1980s. I never got to go there but I always heard about it from older kids at the time. It was supposed to have been two stories of wall to wall games with a small snack bar. I guess at the time it served a mostly older teen crowd from Westwood High School and for that reason younger kids my age weren't having birthday parties there. It wasn't around very long, just a few years during the Golden Age of Arcades.
It is with almost-forgotten early arcades like that in mind that I wanted to share with y'all some examples of places from The Golden Age of the Video Arcade in Austin using some old Statesman articles I've found. Maybe someone of a certain age on here will remember them. I was curious what they were like, having missed out by being slightly too young to have experienced most of them first hand. I also wanted to see the original reaction to them in the press. I had a feeling there was some pushback from school/parent/civic groups on these facilities showing up in neighborhood strip malls or next to schools, and I was right to suspect. But I'm getting ahead of myself. First let's list off some places of interest. Be sure to speak up if you remember going to any of these, even if it was just for some other kid's birthday party. Unfortunately some of the only mentions about a place are reports of a crime being committed there, such as our first few examples.
Forgotten Arcade #1
Fun House/Play Time Arcade - 2820 Guadalupe
June 15, 1975
ARCADE ENTHUSIASM
A gang fight involving 20 30 people erupted early Saturday morning in front of an arcade on Guadalupe Street. The owner of the Fun House Arcade at 282J Guadalupe told police pool cues, lug wrenches, fists and a shotgun were displayed during the flurry. Police are unsure what started the fisticuffs, but one witness at the scene said it pitted Chicanos against Anglos. During the fight the owner of the arcade said a green car stopped at the side of the arcade and witnesses reported the barrel of a shotgun sticking out. The crowd wisely scattered and only a 23-year-old man was left lying on the ground. He told police he doesn't know what happened.
March 3, 1976
ARCADE ROBBED
A former employee of Play Time Arcade, 2820 Guadalupe, was charged Tuesday in connection with the Tuesday afternoon robbery of his former business. Police have issued a warrant for the arrest of Ronnie Magee, 22, of 1009 Aggie Lane, Apt. 306. Arcade attendant Sam Garner said he had played pool with the suspect an hour before the robbery. He told police the man had been fired from the business two weeks earlier. Police said a man walked in the arcade about 2:45 p m. with a blue steel pistol and took $180. Magee is charged with first degree aggravated robbery. Bond was set on the charge at $15,000.
First it was called Fun House and then renamed Play Time a year later. I'm not sure what kind of arcade games beyond Pong and maybe Asteroids they could have had at this place. The peak of the Pinball craze was supposed to be around 1979, so they might have had a few pinball machines as well. A quick search of youtube will show you a few examples of 1976 video games like Death Race. The location is next to Ken's Donuts where PokeBowl is today where the old Baskin Robbins location was for many years.
Forgotten Arcade #2
Green Goth - 1121 Springdale Road
May 15, 1984
A 23-year-old man pleaded guilty Monday to a January 1983 murder in East Austin and was sentenced to 15 years in prison. Jim Crowell Jr. of Austin admitted shooting 17-year-old Anthony Rodriguez in the chest with a shotgun after the two argued outside the Green Goth, a games arcade at 1121 Springdale Road, on Jan. 23, 1983. Crowell had argued with Rodriguez and a friend of Rodriguez at the arcade, police said. Crowell then went to his house, got a shotgun and returned to the arcade, witnesses said. When the two friends left the arcade, Rodriguez was shot Several weeks ago Crowell had reached a plea bargain with prosecutors for an eight-year prison term, but District Judge Bob Perkins would not accept the sentence, saying it was shorter than sentences in similar cases. After further plea bargaining, Crowell accepted the 15-year prison sentence.
I can't find anything else on Green Goth except reports about this incident with a murder there. There is at least one other report from 1983 around the time of Crowell's arrest that also refer to it as an arcade but reports the manager said the argument started over a game of pool. It's possible this place might have been more known for pool.
Forgotten Arcades #3 & #4
Games, Etc. - 1302 S. First St
Muther's Arcade - 2532 Guadalupe St
August 23, 1983
Losing the magic touch - Video Arcades have trouble winning the money game
It was going to be so easy for Lawrence Villegas, a video game junkie who thought he could make a fast buck by opening up an arcade where kids could plunk down an endless supply of quarters to play Pac-Man, Space Invaders and Asteroids. Villegas got together with a few friends, purchased about 30 video games and opened Games, Etc. at 1302 S. First St in 1980. .,--.... For a while, things, went great Kids waited in line to spend their money to drive race cars, slay dragons and save the universe.
AT THE BEGINNING of 1982, however, the bottom fell out, and Villegas' revenues fell from $400 a week to $25. Today, Games, Etc. is vacant Villegas, 30, who is now working for his parents at Tony's Tortilla Factory, hasn't decided what he'll do with the building. "I was hooked on Asteroids, and I opened the business to get other people hooked, too," Villegas said. "But people started getting bored, and it wasn't worth keeping the place open. In the end, I sold some machines for so little it made me sick."
VILLEGAS ISNT the only video game operator to experience hard times, video game manufacturers and distributors 'It used to be fairly common to get $300 a week from a machine. Now we rarely get more than $100 .
Pac-Man's a lost cause. Six months ago, you could resell a Pac-Man machine for $1,600. Now, you're lucky to get $950 if you can find a buyer." Ronnie Roark says. In the past year, business has dropped 25 percent to 65 percent throughout the country, they say. Most predict business will get even worse before the market stabilizes. Video game manufacturers and operators say there are several reasons for the sharp and rapid decline: Many video games can now be played at home on television, so there's no reason to go to an arcade. The novelty of video games has worn off. It has been more than a decade since the first ones hit the market The decline can be traced directly to oversaturation or the market arcade owners say. The number of games in Austin has quadrupled since 1981, and it's not uncommon to see them in coin-operated laundries, convenience stores and restaurants.
WITH SO MANY games to choose from, local operators say, Austinites be came bored. Arcades still take in thousands of dollars each week, but managers and owners say most of the money is going to a select group of newer games, while dozens of others sit idle.
"After awhile, they all seem the same," said Dan Moyed, 22, as he relaxed at Muther's Arcade at 2532 Guadalupe St "You get to know what the game is going to do before it does. You can play without even thinking about it" Arcade owners say that that, in a nutshell, is why the market is stagnating.
IN THE PAST 18 months, Ronnie Roark, owner of the Back Room at 2015 E. Riverside Drive, said his video business has dropped 65 to 75 percent Roark, . who supplied about 160 video games to several Austin bars and arcades, said the instant success of the games is what led to their demise. "The technology is not keeping up with people's demand for change," said Roark, who bought his first video game in 1972. "The average game is popular for two or three months. We're sending back games that are less than five months old."
Roark said the market began dropping in March 1982 and has been declining steadily ever since. "The drop started before University of Texas students left for the summer in 1982," Roark said. "We expected a 25 percent drop in business, and we got that, and more. It's never really picked up since then. - "It used to be fairly common to get $300 a week from a machine. Now we rarely get more than $100. 1 was shocked when I looked over my books and saw how much things had dropped."
TO COMBAT THE slump, Roark said, he and some arcade owners last year cut the price of playing. Even that didn't help, he said. Old favorites, such as Pac-Man, which once took in hundreds of dollars each week, he said, now make less than $3 each. "Pac-Man's a lost cause," he said. "Six months ago, you could resell a Pac-Man machine for $1,600. Now, you're lucky to get $950 if you can find a buyer." Hardest hit by the slump are the owners of the machines, who pay $3,500 to $5,000 for new products and split the proceeds with the businesses that house them.
SALEM JOSEPH, owner of Austin Amusement and Vending Co., said his business is off 40 percent in the past year. Worse yet, some of his customers began returning their machines, and he's having a hard time putting them back in service. "Two years ago, a machine would generate enough money to pay for itself in six months,' said Joseph, who supplies about 250 games to arcades. "Now that same machine takes 18 months to pay for itself." As a result, Joseph said, he'll buy fewer than 15 new machines this year, down from the 30 to 50 he used to buy. And about 50 machines are sitting idle in his warehouse.
"I get calls every day from people who want to sell me their machines," Joseph said. "But I can't buy them. The manufacturers won't buy them from me." ARCADE OWNERS and game manufacturers hope the advent of laser disc video games will buoy the market Don Osborne, vice president of marketing for Atari, one of the largest manufacturers of video games, said he expects laser disc games to bring a 25 percent increase in revenues next year. The new games are programmed to give players choices that may affect the outcome of the game, Os borne said. "Like the record and movie industries, the video game industry is dependent on products that stimulate the imagination," Osborne said "One of the reasons we're in a valley is that we weren't coming up with those kinds of products."
THE FIRST of the laser dis games, Dragonslayer and Star Wan hit the market about two months ago. Noel Kerns, assistant manager of The Gold Mine Arcade in Northcross Mall, says the new games are responsible for a $l,000-a-week increase in revenues. Still, Kerns said, the Gold Mine' total sales are down 20 percent iron last summer. However, he remain optimistic about the future of the video game industry. "Where else can you come out of the rain and drive a Formula One race car or save the universe?" hi asked.
Others aren't so optimistic. Roark predicted the slump will force half of all operators out of business and will last two more years. "Right now, we've got a great sup ply and almost no demand," Roark said. "That's going to have to change before things get- significantly better."
Well there is a lot to take from that long article, among other things, that the author confused "Dragonslayer" with "Dragon's Lair". I lol'd.
Anyone who has been to Emo's East, formerly known as The Back Room, knows they have arcade games and pool, but it's mostly closed when there isn't a show. That shouldn't count as an arcade, even though the former owner Ronnie Roark was apparently one of the top suppliers of cabinet games to the area during the Golden Era. Any pool hall probably had a few arcade games at the time, too, but that's not the same as being an arcade.
We also learn from the same article of two forgotten arcades: Muthers at 2522 Guadalupe where today there is a Mediterranean food restaurant, and another called Games, Etc. at 1302 S.First that today is the site of an El Mercado restaurant. But the article is mostly about showing us how bad the effects were from the crash at the end of the Golden Era. It was very hard for the early arcades to survive with increasing competition from home game consoles and personal computers, and the proliferation of the games into stores and restaurants.
Forgotten Arcades #5 #6 & #7
Computer Madness - 2414 S. Lamar Blvd.
Electronic Encounters - 1701 W Ben White Blvd (Southwood Mall)
The Outer Limits Amusements Center - 1409 W. Oltorf
March 4, 1982
'Quartermania' stalks South Austin
School officials, parents worried about effects of video games
A fear Is haunting the video game business. "We call it 'quartermania.' That's fear of running out of quarters," said Steve Stackable, co-owner of Computer Madness, a video game and foosball arcade at 2414 S. Lamar Blvd. The "quartermania" fear extends to South Austin households and schools, as well. There it's a fear of students running out of lunch money and classes to play the games. Local school officials and Austin police are monitoring the craze. They're concerned that computer hotspots could become undesirable "hangouts" for students, or that truancy could increase because students (high-school age and younger) will skip school to defend their galaxies against The Tempest.
So far police fears have not been substantiated. Department spokesmen say that although more than half the burglaries in the city are committed by juveniles during the daytime, they know of no connection between the break-ins and kids trying to feed their video habit But school and parental worries about misspent time and money continue. The public outcry in September 1980 against proposals to put electronic game arcades near two South Austin schools helped persuade city officials to reject the applications. One proposed location was near Barton Hills Elementary School. The other was South Ridge Plaza at William Cannon Drive and South First Street across from Bedlchek Junior High School.
Bedichek principal B.G. Henry said he spoke against the arcade because "of the potential attraction it had for our kids. I personally feel kids are so drawn to these things, that It might encourage them to leave the school building and play hookey. Those things have so much compulsion, kids are drawn to them like a magnet Kids can get addicted to them and throw away money, maybe their lunch money. I'm not against the video games. They may be beneficial with eye-hand coordination or even with mathematics, but when you mix the video games during school hours and near school buildings, you might be asking for problems you don't need."
A contingent from nearby Pleasant Hill Elementary School joined Bedichek in the fight back in 1980, although principal Kay Beyer said she received her first formal call about the games last Week from a mother complaining that her child was spending lunch money on them. Beyer added that no truancy problems have been related to video game-playing at a nearby 7-11 store. Allen Poehl, amusement game coordinator for Austin's 7-11 stores, said company policy rules out any game-playing by school-age youth during school hours. Fulmore Junior High principal Bill Armentrout said he is working closely with operators of a nearby 7-1 1 store to make sure their policy is enforced.
The convenience store itself, and not necessarily the video games, is a drawing card for older students and drop-outs, Armentrout said. Porter Junior High principal Marjorie Ball said that while video games aren't a big cause of truancy, "the money (spent on the games) is a big factor." Ball said she has made arrangements with nearby businesses to call the school it students are playing the games during school hours. "My concern is that kids are basically unsupervised, especially at the 24-hour grocery stores. That's a late hour for kids to be out. I would like to see them (games) unplugged at 10 p.m.," adds Joslin Elementary principal Wayne Rider.
Several proprietors of video game hot-spots say they sympathize with the concerns of parents and school officials. No one under 18 is admitted without a parent to Chuck E. Cheese's Pizza Time Theatre at 4211 S. Lamar. That rule, says night manager David Dunagan, "keeps it from being a high school hangout. This is a family place." Jerry Zollar, owner of J.J. Subs in West Wood Shopping Center on Bee Cave Road, rewards the A's on the report cards of Eanes school district students with free video games. "It's kind of a community thing we do in a different way. I've heard from both teachers and parents . . . they thought this was a good idea," said Zollar.
Electronic Encounters in Southwood Mall last year was renovated into a brightly lit arcade. "We're trying to get away from the dark, barroom-type place. We want this to be a place for family entertainment We won't let kids stay here during school hours without a written note from their parents, and we're pretty strict about that," said manager Kelly Roberts. Joyce Houston, who manages The Outer Limits amusements center at 1409 W. Oltorf St. along with her husband, said, "I wouldn't let my children go into some of the arcades I've visited. I'm a concerned parent, too. We wanted a place where the whole family could come and enjoy themselves."
Well you can see which way the tone of all these articles is going. There were some crimes committed at some arcades but all of them tended to have a negative reputation for various reasons. Parents and teachers were very skeptical of the arcades being in the neighborhoods to the point of petitioning the City Government to restrict them. Three arcades are mentioned besides Chuck-E-Cheese. Electronic Encounters in Southwood Mall, The Outer Limits amusements center at 1409 W. Oltorf, and Computer Madness, a "video game and foosball arcade" at 2414 S. Lamar Blvd.
Forgotten Arcade #8
Smitty's Galaxy of Games - Lake Creek Parkway
February 25, 1982
Arcades fighting negative image
Video games have swept across America, and Williamson and Travis counties have not been immune. In a two-part series, Neighbor examines the effects the coin-operated machines have had on suburban and small-town life.
Cities have outlawed them, religious leaders have denounced them and distraught mothers have lost countless children to their voracious appetites. And still they march on, stronger and more numerous than before. A new disease? Maybe. A wave of invading aliens from outer space? On occasion. A new type of addiction? Certainly. The culprit? Video games. Although the electronic game explosion has been mushrooming throughout the nation's urban areas for the past few years, its rippling effects have just recently been felt in the suburban fringes of North Austin and Williamson County.
In the past year, at least seven arcades armed with dozens of neon quarter-snatchers have sprung up to lure teens with thundering noises and thousands of flashing seek-and-destroy commands. Critics say arcades are dens of iniquity where children fall prey to the evils of gambling. But arcade owners say something entirely different. "Everybody fights them (arcades), they think they are a haven for drug addicts. It's just not true," said Larry Grant of Austin, who opened Eagle's Nest Fun and Games on North Austin Avenue in Georgetown last September. "These kids are great" Grant said the gameroom "gives teenagers a place to come. Some only play the games and some only talk.
In Georgetown, if you're from the high school, this is it." He said he's had very few disturbances, and asks "undesirables" to leave. "We've had a couple of rowdies. That's why I don't have any pool tables they tend to attract that type of crowd," Grant said.
Providing a place for teens to congregate was also the reason behind Ron and Carol Smith's decision to open Smitty's Galaxy of Games on Lake Creek Parkway at the entrance to Anderson Mill. "We have three teenage sons, and as soon as the oldest could drive, it became immediately apparent that there was no place to go around here," said Ron, an IBM employee who lives in Spicewood at Balcones. "This prompted us to want to open something." The business, which opened in August, has been a huge success with both parents and youngsters. "Hundreds of parents have come to check out our establishment before allowing their children to come, and what they see is a clean, safe environment managed by adults and parents," Ron said. "We've developed an outstanding rapport with the community." Video arcades "have a reputation that we have to fight," said Carol.
Kathy McCoy of Georgetown, who last October opened Krazy Korner on Willis Street in Leander, agrees. "We've got a real good group of kids," she said. "There's no violence, no nothing. Parents can always find their kids at Krazy Korner."
While all the arcade owners contacted reported that business is healthy, if not necessarily lucrative, it's not as easy for video entrepreneurs to turn a profit as one might imagine. A sizeable investment is required. Ron Smith paid between $2,800 and $5,000 for each of the 30 electronic diversions at his gameroom.
Grant said his average video game grosses about $50 a week, and his "absolute worst" game, Armor Attack, only $20 a week. The top machines (Defender and Pac-Man) can suck in an easy $125 a week. That's a lot of quarters, 500 to be exact but the Eagle's Nest and Krazy Korner pass half of them on to Neelley Vending Company of Austin which rents them their machines. "At 25 cents a shot, it takes an awful lot of people to pay the bills," said Tom Hatfield, district manager for Neelley.
He added that an owner's personality and the arcade's location can make or break the venture. The game parlor must be run "by an understanding person, someone with patience," Hatfield said. "They cannot be too demanding on the kids, yet they can't let them run all over them." And they must be located in a spot "with lots of foot traffic," such as a shopping center or near a good restaurant, he said. "And being close to a school really helps." "Video games are going to be here permanently, but we're going to see some operations not going because of the competition," which includes machines in virtually every convenience store and supermarket, Hatfield said.
This article talks about three arcades. One in Georgetown called Eagles Nest, another in Leander called Krazy Korner, and a third called Smitty's Galaxy of Games on Lake Creek Parkway "on the fringes of North Austin". This is the one I remember the older kids talking about when I was a little kid. There was once a movie theater across the street from the Westwood High School football stadium and behind that was Smitty's. Today I think the building was bulldozed long ago and the space is part of the expanded onramp to 183 today. Eventually another unrelated arcade was built next to the theater that became Alamo Lakeline. It was another site of some unrecorded epic Street Fighter 2 and Mortal Kombat tournaments in the 90s.
But the article written before the end of the Golden Era tell us much about the pushback I was talking about earlier. Early arcades were seen as "dirty" places in some circles, and the owners of the arcades in Williamson County had to stress how "clean" their establishments were. This other article from a couple of weeks later tells of how area school officials weren't worried about video games and tells us more arcades in Round Rock and Cedar Park. Apparently the end of the golden age lasted a bit longer than usual in this area.
At some point in the next few years the bubble burst, and places like Smitty's were gone by the late 80s. But the distributors quoted earlier were right that arcade games weren't going completely away. In the mid 1980s LeFun opened up next in the Scientology building at 2200 Guadalupe on the drag. Down a few doors past what used be a coffee shop and a CVS was Einsteins Arcade. Both of those survived into the 21st century. I remember the last time I was at Einsteins I got my ass beat in Tekken by a kid half my age. heheh
That's all for today. There were no Bonus Pics in the UT archive of arcades (other than the classical architectural definition). I wanted to pass on some Bonus newspaper articles (remember to click and zoom in with the buttons on the right to read) about Austin arcades anyway but first a small story.
I mentioned earlier the secret of the UT Student Union. I have no idea what it looks like now but in the 90s there was a sizable arcade in with the bowling alley in the basement. Back in 1994 when I used to sneak in, they featured this bizarre early attempt at virtual reality games. I found an old Michael Barnes Statesman article about it dated February 11, 1994. Some highlights:
Hundreds of students and curiosity-seekers lined up at the University of Texas Union to play three to five minutes of Dactyl Nightmare, Flying Aces or V-Tol, three-dimensional games from Kramer Entertainment. Nasty weather delayed the unloading of four huge trunks containing the machines, which resemble low pulpits. Still, players waited intently for a chance to shoot down a fighter jet, operate a tilt-wing Harrier or tangle with a pterodactyl. Today, tickets will go on sale in the Texas Union lobby at 11:30 a.m. for playing slots between noon and 6 p.m.
Players, fitted with full helmets, throttles and power packs, stood on shiny gray and yellow platforms surrounded by a circular guard rail. Seen behind the helmet's goggles were computer simulated landscapes, not unlike the most sophisticated video games, with controls and enemies viewed in deep space. "You're on a platform waiting to fight a human figure," said Jeff Vaughn, 19, of Dactyl Nightmare. "A pterodactyl swoops down and tries to pick you up. You have to fight it off. You are in the space and can see your own body and all around you. But if you try to walk, you have to use that joy stick to get around."
"I let the pterodactyl carry me away so I could look down and scan the board," said Tom Bowen of the same game. "That was the way I found out where the other player was." "Yeah, it's cool just to stand there and not do anything," Vaughn said. The mostly young, mostly male crowd included the usual gaming fanatics, looking haggard and tense behind glasses and beards. A smattering of women and children also pressed forward in a line that snaked past the lobby and into the Union's retail shops.
"I don't know why more women don't play. Maybe because the games are so violent," said Jennifer Webb, 24, a psychology major whose poor eyesight kept her from becoming a fighter pilot in real life. "If the Air Force won't take me, virtual reality will." "They use stereo optics moving at something like 60 frames a second," said computer science major Alex Aquila, 19. "The images are still pretty blocky. But once you play it, you'll want to play it again and again." With such demand for virtual reality, some gamesters wondered why an Austin video arcade has not invested in at least one machine.
The gameplay looked like this.
Bonus Article #1 - "Video fans play for own reasons" (Malibu Grand Prix) - March 11, 1982
Bonus Article #2 - "Pac-Man Cartridge Piques Interest" - April 13, 1982
Bonus Article #3 - "Video Games Fail Consumer" - January 29, 1984
Bonus Article #4 - "Nintendoholics/Modems Unite" - January 25, 1989
Bonus Article #5 and pt 2 "Two girls missing for a night found at arcade" (truly dedicated young gamers) - August 7, 2003
submitted by s810 to Austin [link] [comments]

guilt, anger, empathy

I'm so fucking mixed up right now. My dad is so deeply invested in Trump and QAnon that he has completely fucked everything his father worked for til the day he died. Forced his mother, my complete saint of a grandmother, to sell their house and income property in one of the most desirable cities to live in and move out to BFE Oklahoma. She and my Uncle, his brother, both have heart conditions and now 0 infrastructure to manage them. My germaphobe Uncle is being forced to attend medical visits where he is regularly in contact with unmasked people. They feel unsafe and disconnected where they live, though they love the new house itself. I got the you-told-us-so call a few days ago, and I feel more upset than before. I managed to get my grandmother to stop actively propagating Q material on facebook, and my impression is that she just doesn't know what to believe at this point and is trying to avoid politics. I can understand that, at least. She is an extremely kind woman who was taken in on the child-trafficking claims and nothing else, it wasn't too hard to talk to her.
My dad is so fucking sick now. He's in recovery and has now taken up gambling for fun, and has been going to the casinos and coming home (endangering the remainder of the at-risk household) since they reopened. He openly brags about being at bars, smoking and singing maskless. He voted for Trump in 2016 because he hated Hillary and the libertarian candidate wasn't going to win (or so he told me). Now he's so far gone he can do nothing but post on Twitter about HCQ and how he refuses to bend to "covid fascist edicts" and won't allow himself to be "reprogrammed" by the government. He railroaded my whole family into tearing up their roots and starting anew in a brand new place and now he isn't even unpacking because he plans to move to Texas with his girlfriend. My Uncle gave up the business he built for over a decade, and the relationship he'd been in for nearly as long. All of my grandma's comfort and independence have been stripped away. I kept begging them not to do it, I kept telling them it wasn't safe, but they were constantly being manipulated with my dad in the house and everyone screaming about the stupid governor trying to destroy everyone's livelihoods with shutdowns. So many people are dead, and all he could be assed to think about was his own freedom. I begged and begged, but my grandma just won't think of herself or her wellbeing. They used her for her money so that they could afford to move, and they are already priced out of the market they just left. My childhood home, lemon trees, rose vines, ugly old tile and all is being rented out to randoms now. The thought of picking up and moving again sounds horrific but less horrific than the consequences of staying where they are and in a home with him.
I found out the day after the Capitol riot that he had traveled all the way to DC to take part when a friend I had at my last job sent me a news article with his extremely unique name in it. There he was, in front of God and everybody, disgracing the family name and making us look like a bunch of hateful lunatics. I wonder if I'll ever be able to get a job again. I was planning on changing my name when I get married, I might have to do it sooner. That day I discovered the extent of his issues (3200 tweets in 3 months) and how awful the things he was saying had become. When I found out he was one of the people joining 'militias" to "keep the peace" during the George Floyd protests, I knew he was gone. I didn't understand how deeply he had bitten into the conspiracies until now. Being someone who has frequented 4chan from much too young an age, it was so hard to fucking explain to these people that the things they were sharing (literal photos of computer screens showing 4chan posts!!! I'm not even making this shit up) came from a place with complete anonymity and less vetting for posts than any of their social media platforms, let alone wikipedia. An actual forum full of gore, porn, and memes. I could not get through to them, but now even my Uncle who voted for Trump thinks he has gone too far.
This week has been a fucking mess for me. This is the man I used to call my hero. He used to be an avid musician, a gentle hand on my shoulder when I was wound up and tense, a patriot in the military who served and strove to better himself. There were several times in my life when it was us, and just us. I have been neglected or abused by most of my family, including him. My conflicted feelings go back further than when he started to openly oppose women's rights, back before QAnon even existed. But he is a different person now. He is not the man who spent all the cash in his wallet to win me the biggest dog at the booth in the fair, nor the man who brought me a copy of our favorite book when I was hospitalized for making an attempt on my life, nor the man who took me to see snow, stars, and the countryside in thousand-mile-trips cross country. He's gone. I am crying here with the letter he slipped me when I was in the mental hospital with instructions to read it when I was hurting. Here it is, the final sentence, a quote older than both of us.
"You have been, and always shall be, my best friend."
I reported him to the FBI the day before the inauguration. You won't see me on the news being called a hero, I am here in my home unable to sleep or eat, existing in obscurity. I have no parents anymore, though my chosen family is wiser than me to say I never really did. When I found out he had not returned home after the riot, and had a weapon with him, the choice was made for me. None of the adults in my family have the strength to even stand up to him, they certainly aren't going to grow up now.
I don't know where he is, or what's going to happen. I don't think he can go back to being that person, he is as invested in avoiding admitting he is wrong as he is in getting his way. His actions are those of a bitter man who feels wronged by the world and is trying to extract what he can for himself from society. It saddens me to say that I am not his only child, which makes that outlook even more disturbing. I started treatment for PTSD a couple months ago, and I am barely functioning. Today, I had to email my landlord and go to the post office. I have already broken down three times, and drank until I could pass out for a few hours this afternoon. The nightmares are intense. The shaking is intense. I keep remembering things he did and said, good and bad. I wish I knew how to get through to him. He calls me a fucking libtard. The last safe space I had is gone because of him. He just doesn't care, about his kids, his mother, nothing. My grandfather is rotting in a grave miles from the product of his life's achievements, and the family is slowly going broke now. I stopped thinking of him as family years ago, but going through this with his mother is really difficult.
I am sorry for being all over the place. I feel like I'm barely surviving right now, for a combination of reasons that reach far beyond my parents.
submitted by VisualActual to QAnonCasualties [link] [comments]

Oops I did it again: Uggs Full Offseason Mock v2

If you want to just get to the goodness, you can view the entire sheet here
So I did one of these about a month ago and found some really great conversation. I didn't get to do another before the regular season ended, but my predictions should actually get a bit better due to knowing the full draft order and how some FOs are changing around. Let's go team by team
AFCW
KC - We start with the defending champion, who seek to replace their offensive and special teams coaches with internal hires: QB coach Mike Kafka and Asst ST Coordinator Andy Hill. Nothing surprising here. They enter the offseason just a bit over the cap, but restructures to Eric Fisher and Tyrann Mathieu should help fix that. They also bring in veteran AJ Green to start across from Tyreek Hill on a cheap one year deal. The draft helps the team maintain their strong offense. Two of their first three picks are on the OL, one on Irish tackle Liam Eichenberg and the other on Crimson pivot Landon Dickerson. Marshall adds depth to a depleted WR room. Spagnuolo has run a great unit despite a lack of high capital talent. He'll continue to do so with depth pieces in LB Browning, CB Griffin, and DE Sanders.
LAC - The Chargers should hire the man that can turn around an undisciplined team. That man is Chiefs ST coordinator Dave Toub, who brings in Chad O'Shea to run his offense and Lovie Smith to run his defense. The rest of the transactions are centered around building a team to help Herbert suceed. Hunter Henry is retained and David Andrews is brought in to shore up the OL. VT rookie Christian Darrisaw and BC guard Alex Lindstrom add to this quickly improving unit. I don't think I need to justify most of the other picks. Florida kicker Evan McPherson is brought in to replace a kicking unit that was only 53% from 40+.
LV - The Raiders' first act is to bring in Packers DB coach Jerry Gray, who has overseen the elite seasons of Jaire Alexander (20), Xavier Rhodes (17), and Alterraun Verner (13). Gruden and Mayock have been vocal about wanting to improve the secondary play, and Gray should be able to do just that. The Raiders are also able to free up space by cutting Tyrell Williams and Jeff Heath, as well as by restructuring Trent Brown. They add Sammy Watkins and Tevin Coleman to their depth chart. In the draft, they add my favorite safety in Oregon's Jevon Holland, who is a nickel/S hybrid with great physicality. They also add DT Jay Tufele, DE Carlos Basham, and DE Xavier Thomas to an underwhelming front 4.
DEN - Elway's decision to step back as the GM is complimented by the hiring of former Falcons' GM Thomas Dimitroff, who has shown the ability to build a SB caliber roster and isn't afraid to be aggressive to get the right pieces for his team. Dimitroff starts his tenure by signing S Justin Simmons to a multi-year deal, as well as adding veterans Richard Sherman and Gus Edwards in free agency. He sits still with his first draft pick, adding the draft's top CB in Patrick Surtain before bringing the guns out and trading up to 30 to draft Florida QB and Heisman candidate Kyle Trask. While Trask doesn't bring the elite upside of someone like Fields or Lawrence, he proved he was more than capable of reading defenses and winning games. Dimitroff also drafts OT Brady Christensen, LB Dimitri Moore, and DE Tyreke Smith before the draft is over.
AFCN
PIT - Despite a stellar season, the Steelers are able to enter free agency with their full coaching staff in tact. They start by extending DPOY TJ Watt through 2025, as well as re-signing Al V to a cheap deal and cutting Steven Nelson and Eric Ebron. The Steelers are quietly full of holes, but their draft helps them fill them. Star RB Najee Harris falls to them at 28, and mammoth OT Daniel Faalele and CB TJ Carter are right behind him. QB Desmond Ridder gets picked up in the 4th. Ridder is a high upside athlete with a very inconsistent arm. He's a cheap gamble at a QB of the future. They also add punter Max Duffy from Kentucky.
CLE - With plenty of cap and all of their picks, Berry and Stefanski are able to spend their first full offseason building off their 2020 success. They re-sign DE Vernon and LB Butler while extending QB Mayfield and RB Chubb. They also trade away David Njoku to the Jets for a 4th, and they add S Keanu Neal and DT Suh in free agency. The draft falls their way. They grab the uber physical slot corner Shaun Wade in the 1st before coming around for Pitt DT Jaylen Twynam. I know this FO doesn't care about LB, but McGrone at 87 is too good a value to pass up.
BAL - EDC is busy this offseason. With plenty of cap space to play with, he is able to start off by re-signing Ngakoue and extending Lamar Jackson. He then adds two key offensive pieces in WR Allen Robinson and C Ted Karras. The Ravens have a solid draft. They pick up Texas LB Joseph Ossai, who is a mean power rusher to replace Judon. They also add OG Vera-Tucker and S Bubba Bolden. Justyn Ross in the 5th is a risk, but his red zone ability means a lot to this team.
CIN - As much as I would've liked to replace DC Lou Anarumo, the Bengals have stated that he is staying on the team. No matter. The Bengals spend money on their key players, franchise tagging CB Williams Jackson and extending S Jessie Bates. Bobby Hart is cut and replaced with former JAX LT Cam Robinson, giving this team flexibility in the draft. They start the draft by trading down with CAR, picking up an extra 1st and 2nd along the way. With Sewell off the board, the Bengals draft star TE Kyle Pitts, giving Burrow a huge target in the middle of the field. They then add back to back linemen with Myers and Randunz in the 2nd before adding Aidan Hutchinson and Pete Werner on defense.
AFCE
BUF - Brandon Beane's first task of the offseason is replacing OC Brian Daboll, who has left to coach the Jaguars. He does so by hiring Panthers OL Coach Pat Meyer, who has over 20 years of coaching experience. Beane retains LB Matt Milano on the franchise tag before signing QB Josh Allen to a huge extension. The Bills trade out of the first round, picking up the 41st and 72nd picks to do so. They use those picks on Bulldog CB Eric Stokes and Miami TE Brevin Jordan, with Kentucky EDGE Jamar Watson stuck in between them. They also add two OL in the draft, as well as two DTs, a LB, and another CB. This defense is replenished with youth while Allen gets the middle of his offense strengthened.
MIA - The Phins start by using their huge cap space to add key playmakers. They sign two former Packers in Corey Linsley and Aaron Jones, as well as a big time pass rusher in Matt Judon. The draft goes really well for Miami. With 5 picks in the top 100, the Phins are in a great spot. They add generational OT Penei Sewell with the Texans' pick before letting WR Jaylen Waddle and LB Jeremiah Owusu-Koromoah fall into their laps.
NE - The Pats are a tough offseason to predict. A lot of their action hinges on QB. Well I thought I'd be a bit poetic and have Billy B trade for his former signal-caller, giving a pair of 4ths to SF for QB Jimmy Garoppolo. Jimmy G fits the traditional QB mold much better than Cam, and they're going to give him some tools to work with. The Pats add WR Curtis Samuel and TE Gerald Everett in free agency. They also retain JC Jackson, James White, and Jason McCourty while bringing in KJ Wright and Jadevon Clowney on cheap deals. In the draft, the Pats are patient. They let WR Devonta Smith fall to them at 14 and LB Zaven Collins get to them at 45. They spend their draft filling out the holes in the roster, adding a TE, two DTs, and another WR. They also take a shot on Miami QB D'Eriq King, who is an inconsistent passer with a nice upside.
NYJ - I had a bit of fun with the Jets. I had JD bringing in Titans OC Arthur Smith to coach the team. Joining him are PIT secondary coach Teryl Austin, who has experience as a DC, and BAL assistant TJ Weist. With one of the highest cap spaces, the Jets are active this offseason. They re-sign S Marcus Maye and CB Brian Poole. They add some key playmakers in WR Will Fuller, LB Bud Dupree, and RB Kenyan Drake. They also add OG Joe Thuney and trade for TE David Njoku. The Jets are done with Darnold, shipping him off to Tampa for a 3rd round pick. In the draft, the Jets are smart. They don't overthink it. They draft Ohio St QB Justin Fields, who has shown time and time again that he has the tools to be a franchise QB. They also add Sooner center Creed Humphrey and Miami DE Quincy Roche. Javonte Williams comes at 66 to compliment Drake, and Surratt comes at 91 to be a red zone target. Perhaps my one regret with this class is failing to address CB sooner, but Deommodore Lenoir at 90 is a pick I'm a real fan of.
AFCS
TEN - The Titans unfortunately lose OC Arthur Smith to the Jets, prompting Vrabel to promote QB coach Pat O'Hara to the position. The Titans aren't flush with cash, but they are able to retain TE Jonnu Smith while adding WR Marvin Jones and DE Melvin Ingram on cheap win now deals. In the draft, the Titans address their weakest position early, grabbing Georgia's Azeez Ojulari at 25. They then add CB Asante Samuel in the 2nd before grabbing a potential Isaiah Wilson replacement in Teven Jenkins in the 3rd. Elijah Moore at 128 is interesting. He's a poor man's Rondale Moore in this class. Tennessee also adds a K in Miss St's Brandon Ruiz, who has only ever missed one PAT and was 10/12 in 2020.
IND - Colts fans are going to hate me for this, but Carson Wentz is going to be the starter in 2021. Let's come back to that. First, we have to hire a DC. They promote DB coach Alan Williams. They also re-sign CB Xavier Rhodes, who had a surprising resurgence under Williams, as well as Justin Houston. Darius Leonard gets a big extension and is now the league's highest paid LB ever (well starting in 2022). Agholor adds WR depth and Dalton gives some insurance at QB. Ok so Wentz. Just hear me out. The Colts have plenty of cap space, and the Eagles are paying them to take on the deal. Wentz thrived under Reich in the past, and a lot of his issues seem fixable with a proper offseason. Now in the draft, the Colts try to give Wentz the tools to succeed. They add Texas OT Sam Cosmi in the 1st, giving a long term answer should AC call it quits. They also add Florida WR Toney in the 2nd, a man who has taken huge strides in 2020.
HOU - We need to start by saying that JJ Watt is gone. I have the Texans trading him and a 5th to SF for Dee Ford and a 2nd. While this is a sad move, it's a necessary one. Watt frees over $17M in cap space for a team with no cap space. That, combined with the firing of both Johnson RBs, allows the team to add CB K'Waun Williams and RB James Conner for relatively cheap deals. Other than the Watt deal, Houston's big move this offseason is bringing in Seahawks executive Scott Fitterer to run the front office while former Chiefs OC Eric Bieniemy runs the team. Bieniemy adds Raheem Morris as his DC and Phil Galiano as his ST coach. The Watt trade proves hugely critical. Houston now has a pick inside the top 60, which they use on Oklahoma St WR Tylan Wallace. They also add CB Paulson Adebo, who is a raw but super physical player from Stanford. Joe Tryon and Trey Sermon add depth to the DL and RB rooms respectively. This team is still working its way back to the top, but this draft is a good start.
JAX - The Jaguars have a great offseason. They hire Vikings executive George Paton, who has turned down previous jobs for the right opportunity, to be their GM. He hires BUF OC Brian Daboll to run the offense. Daboll brings his former assistant Ken Dorsey to help him on offense while Dan Quinn calls the defense. Paton adds several key free agents capable of starting immediately. Rashard Higgins becomes the WR3 on this team while Julie'n Davenport replaces Cam Robinson. Mack Alexander and Troy Hill complete the CB room, and Anthony Harris gets some big money to start in the secondary. While Paton isn't afraid to spend his money, the real crux of the offseason occurs in the draft. They take Trevor Lawrence, obviously. But they also add DT Marvin Wilson to replace Taven Bryan, as well as Alex Leatherwood, who can challenge Davenport for the LT spot and kick into LG if he fails. Pat F becomes to long term answer at TE and Andre Cisco is that big hitting playmaker to fill in the gap next to Harris.
NFCW
SEA - With a good amount of money to spend, the Seahawks prioritize their in house men. Shaquill Griffin and Chris Carson are retained, and Carlos Dunlap and Tyler Lockett are restructured. Jamal Adams gets an enormous deal, surpassing Budda Baker's from just a few months ago. TY Hilton is also brought in. The draft goes well for Seattle. They are able to add a productive pass rusher in Victor Dimukeje without trading up. They also nab Florida CB Marco Wilson and add to their trenches with Josh Ball and Mustafa Johnson. The Hawks are keeping things more or less the same and trying to build on a successful 2020.
LAR - Despite all the buzz, I have a hard time seeing DC Brandon Staley getting a HC job after one year at the helm. Instead, the Rams FO remains in tact. They lose Andrew Whitworth to retirement, but they are able to retain breakout CB Darious Williams. With such little cap, it's crucial that the Rams are able to fill out the starting lineup with rookies. That happens with DE Hamilcar Rashed, LT Jalen Mayfield, and LB Monty Rice filling up their cards.
ARI - Despite a promising start to the year, the Cards have fallen flat. They'll need to look at their 2nd half collapse to assess where this roster stands. With a decent amount of money, they prioritize some in house players, re-signing Patrick Peterson, Zane Gonzalez, and Andy Lee. They also bring in DE Trey Hendrickson, who has been on fire for New Orleans, as well as former UDFA RB Phillip Lindsay. The Cards take Gamecock CB Jaycee Horn with their first pick before adding to their OL with Trey Smith in the 2nd. Kenny Gainwell (yes, he can gain well) looks like a potential star in the 3rd.
SF - This is the fun one. So out the gate, Shanahan has to replace Robert Saleh at DC. We're sticking to LB coach DeMeco Ryans, who has earned high praise from Shanny. Now the fun stuff. The 49ers aren't flush with cash, but they are comfortable. That gives them some room to play around. SF re-signs Trent Williams and Jason Verrett before extending LB Fred Warner. They also add C Austin Blythe, who has been solid for the division rival Rams. Jimmy G can't seem to stay healthy, so he gets shipped off back to the Pats for a pair of 4ths. To replace him, the 9ers make a big move and give up their 1st and 5th round picks for QB Matthew Stafford. But wait, they aren't done. They also package DE Dee Ford and their 2nd round pick for veteran DE JJ Watt and a Day 3 pick. Shanahan believes that his roster is ready to win. Without a 1st, 2nd, or 3rd round pick, the 49ers have to be wise with their draft picks. They add Michigan's Ambry Thomas, as well as guard Zion Johnson, two guys that can push to start as rookies. Sterns, Smith-Marsette, Castro-Fields, and Herbert should all rotate into the lineup as well.
NFCN
GB - There isn't too much action in the offseason for the Packers. They cut Preston Smith to free up some money, and they extend Davante Adams to a backloaded deal. They also retain Allen Lazard and Robert Tonyan. It's a quietly solid draft. They are able to add a dynamic playmaker in Rondale Moore before addressing their defense with DT Jordan Davis and LB Chazz Surratt. Chuba Hubbard in the 5th gives some depth to a depleted RB room.
CHI - So Bears fans aren't going to like this, but I gave Trubisky a franchise tag. Trubisky went 4-1 to close the season and got them into the playoffs. To make room for this deal, the Bears restructure Akiem Hicks and cut both Bobbie Massie and Jimmy Graham. They also bring Corey Davis in to be the ARob replacement. They add local OT Rashawn Slater in the draft, a Daniel Jeremiah favorite who has some positional versatility. Chris Olave in the 2nd helps make up for the ARob departure, and Nasirildeen in the 3rd provides a hard hitting safety to play alongside Eddie Jackson.
DET - For the Lions, I decided to hire Saints exec Jeff Ireland, who has had a long history with successful teams. He hires SF DC Robert Saleh, who brings with him SF's passing game coordinator Mike LaFleur to run the offense. While there have been reports that Stafford isn't going anywhere, I have them dealing him to SF for the 15th overall pick. They do tag Kenny Golladay to a one year deal to prove his worth to a new regime. They also sign Kwon Alexander to start at LB and Jacoby Brissett to be their new bridge QB. Frank Ragnow gets a huge extension too. In the draft, the Lions start off aggressive. They ship off two 1sts, a 2nd, and a 3rd to get Zach Wilson. With the SF pick, they add Miami's Greg Rousseau, a versatile linemen with plenty of upside. They then add Nico Collins and Tre Walker to the WR room.
MIN - After losing OC Gary Kubiak to re-retirement, the Vikes promote QB coach Klint Kubiak to the position. They also hire former HOU ST man Tracy Smith to replace Marwan Maalouf. The team moves some money around, restructuring Riley Reiff and extending Harrison Smith. In the draft, they are unable to trade back but do grab the best guard in the class with Ohio State's Wyatt Davis. They also add S Paris Ford and DT Alim McNeil in the 3rd to potentially start as rookies. Brock Purdy in the 4th comes in to be the backup and possible heir to the QB room.
NFCE
WAS - I feel like I'm going to dissapoint WAS fans a bit. I had them signing Cam Newton to compete with Alex Smith. The good news is that the rest of their offseason is productive. They hire KC exec Brandt Tills to be their new GM, and they are able to retain Scherff, Darby, and Dustin Hopkins. Jared Cook and Emmanuel Sanders come in to start for them as well. Rashod Bateman falls into their lap at 19, and Jackson Carman tumbles to 51. Jamie Newman in the 3rd is a bit of a risky pick, but I really like his upside. He can develop on the bench for a year.
NYG - The Giants are quiet in free agency. They do retain Leonard Williams and Logan Ryan. Restructuring Zeitler's deal allows them to bring in Ryan Kerrigan. Their draft goes fairly well though. Micah Parsons falls to them at 8, and they grab Amon-Ra St. Brown (a potential top 30 pick) in the 2nd. Joe Judge will count on a year of improvement from his young OL and QB to compliment a strong and disciplined defense.
DAL - The one coaching change I have for Dallas is the replacement of Mike Nolan with Gus Bradley. Other than that their offseason is relatively quiet. They sign Dak to a long term deal (as they should have done last year). And Dalvin Tomlinson comes in to start at DT. They use the draft to fix their defense, adding Farley, LeCounte, and Rumph as potential starters. Walker Little in the 3rd gives them some much needed OL depth.
PHI - The Eagles are active this offseason, with a massive debt in cap space and no DC. They hire PIT DL coach Karl Dunbar to coach the defense, and they cut Goodwin, Jeffery, DJax, and Malik Jackson. The big news is that they are sending Wentz to Indy in a Osweiler-CLE esque deal, pairing a 3rd with him. They spend the draft retooling, adding Ja'Marr Chase in the 1st before going to the defense with Tyson Campbell and Dylan Moses on Day 2. Cade Mays and Cordell Volson add depth to a depleted line, and Divine Deablo will push for serious playing time.
NFCS
NO - Similar to the Eagles, the Saints are going to have to blow it up after this season. Brees retires, and they cut: Kwon Alexander, Emmanuel Sanders, Nick Easton, Malcolm Brown, Janoris Jenkins, Josh Hill. They also extend Lattimore and Ramczyk to backloaded deals before restructuring Cam Jordan. In the draft, they take Mac Jones in the 1st and hope to surround him with the same level of talent he had at Bama. They add Derion Kendrick in the 2nd and Dazz Newsome in the 4th.
TB - The Bucs are in a great spot to push for a 2021 Championship while maintaining a bright future. They have a good amount of cap and are able to retain David, Godwin, Barrett, and Gronk. They also trade a 3rd for Sam Darnold. In the draft, they work on maintaining a suffocating defense with DT Daviyon Nixon, DE Jayson Oweh, and DE Shaka Toney. Kylin Hill, Damon Hazelton, and Tre' McKitty add some potential dynamicism to this offense.
CAR - The Panthers start by bringing SF VP Adam Peters to run the show. He signs Okung and Moton to big money deals before turning his attention to the draft. Peters sees that Bridgewater limits this team's ceiling, so he trades up for Trey Lance, giving up a pair of 1sts and a 2nd to grab his QB of the future. Lance is raw, no doubt, but he'll be in a great spot learning behind Teddy. The Panthers then add Bolton in the 3rd to replace Whitehead. Amari Rodgers in the 5th is a fun pick. He plays exactly like Curtis Samuel.
ATL - The Falcons overhaul their entire front office, bringing in Indy's Ed Dodds to run the show with Matt Eberflus next to him. Mike McDaniel gets promoted to OC from his run game coordinator position in SF, and Franky Ross follows Eberflus to coach the special teams. Without any money to spend, the Falcons are relatively quiet. They cut Fowler, Ricardo Allen, and Allen Bailey to free up space. They add Charvarius Ward and Jamaal Williams in free agency. The focus primarily on defense in the draft, adding Kwity Paye in the 1st after trading back with Detroit. They also draft S Trevon Moehrig, DT Christian Barmore, and DE Daelin Hayes. Travis Etienne comes in to play next to Jamaal Williams, fulfilling all fantasy players' dreams.
Overall I felt like there are definitely some moves in here that are going to cause tension. But I think that's also realistic. This was a lot of fun, but I don't expect to be doing another one of these for a while. I need to turn my head back to scouting (I've only truly watched about a third of the players in this draft). Let me know what your thoughts are. What did I do well? What do you hate?
submitted by uggsandstarbux to NFL_Draft [link] [comments]

PRPL, DKNG, SKLZ and yes, even G.M.E. - Theta plays for February

PRPL, DKNG, SKLZ and yes, even G.M.E. - Theta plays for February
All- you know most of my positions- some I cannot speak of anymore due to rule nine. That being said, there are still some really good opportunities. I feel that the following companies are going to continue to grow healthily. These are Capital intensive plays that may require you to buy shares. This is not advice, just how I am making plays.
SKLZ- an online gaming/betting play. Cathy Big D Wood invested heavily here.
  • Selling February puts for 25.00 allows you to collect 1.68 in premium or buy the stock for 23.32 if it drops below 25.00.
  • Selling 30.00 puts allows you to collect 4.20 in premium or essentially buy the stock for 25.80.

SKLZ option chain
PRPL- Prpl is bringing on 4-6 new lines this year. each line adds somewhere around 90-100M in revenue. I expect a business update as they have been very quiet. Concecensus target is in the high 30's.
Sell 3 legs of puts, 40's, 35's and 30's.
  • selling 30's allows you to collect about 80 cents or effectively buy for 29.20.
  • Selling 35's allows you to collect 2.85 per share or effectively buy at 32.15.
  • Selling 40's allows you to collect 6.58 per share or effectively buy at 33.42. I expect you'll be assigned on these.
PRPL options chain
DKNG- this thing is waiting to pop. A while back when it was in the mid 40's i recommended selling 47.50, 50 and 55.00 puts. Most of those were very profitable with the first two hitting max profit. Online gambling in Michigan, texas and New York are bullish for this. Although, NYC revenue is TBD.
Sell Multiple legs of puts.
DKNG has weeklies, I am showing the chain for 30 days out.

DKNG options chain

GME- I know you Handi-capables are all in on GME, I am not but GME has some gnarly premiums. Selling puts for 34.00 9 day expiration from now yields you 3.35, or forces you to buy at the effective price of 31.65. Edit: 30.65

GME options chain

God speed you tards- I love you all. If you don't understand selling cash secured puts then don't try it.

EDIT: ADDING BB-

BB options chain.
submitted by dhsmatt2 to wallstreetbets [link] [comments]

reader beware: here's a top 18 Mock Draft from the genius who thought Josh Rosen would be better than Josh Allen and Lamar Jackson

As the title mentions, I've gotten more and more humble about my draft projections as the misses keep adding up. Still, it's fun to do.
Note: these picks are based on whom I would select at the spot, NOT whom I think the team will select.
(1) Jacksonville: QB Trevor Lawrence, Clemson
Based on pure resume and physical profile, Trevor Lawrence is a generational QB prospect. To my eye, he doesn't look quite as sharp as all that; he's been missing some throws in big games. Still, we have to remind ourselves that he's only 21 and still has some polishing to do. When you have a kid with all the tools to be a franchise QB, you have to trust your coach to get the most out of him.
(2) New York Jets: QB Justin Fields, Ohio State
The Jets' selection of Sam Darnold is a good example of how not to develop a super-young QB. After 3 years, Darnold hasn't improved; if anything, he's regressed. I'm worried about his confidence and his contract going forward, so we're going to wipe the slate clean and start fresh with another young QB.
The idea of going for an Ohio State QB after Dwayne Haskins may be scary, but Fields shows more mobility and presumably more maturity. Again, Haskins is another example of a young QB who needed more time than he got, so a team like the Jets may be wise to grab a bridge QB (Ryan Fitzpatrick? Andy Dalton?) to make sure we don't see another kids' confidence shatter before our eyes.
(3) Miami (via HOU): OT Penei Sewell, Oregon
Based on "need," this isn't the way to go. The Dolphins have invested a ton of draft capital on the offensive line already. Still, I'm going with the most value on the board, and that's Penei Sewell to me. I'm taking a franchise LT over a top WR every day of the week and figuring out the rest (and the line reshuffling) later on.
Frankly, I don't know if I'd ever invest a top 3 pick in a wide receiver unless they were a physical freak (like a Calvin Johnson or Julio Jones). While I like these receivers, they don't clear that bar to me.
(4) Atlanta: DE Patrick Jones II, Pittsburgh
After three safe picks, we're going wildly off the board here with a prospect that some sites don't even consider a first rounder. But when I see those low projections for Patrick Jones, I feel like I'm missing something. Because every time I watch him, I see a top 10 talent with a good combination of power and explosiveness. Of the top d-linemen in the class, he'd be my personal pick to register 10 sacks a year. A pass rusher with legitimate juice off the edge would be exactly what the doctor ordered in Atlanta; hell, they've needed that for about 5 years now.
In theory, the idea of drafting a QB like Zach Wilson and letting him develop behind Matt Ryan is tempting, but it may be a year premature. If they can start Ryan in 2021 and 2022, then they can cut him with only $8.6M in dead money beyond that. I'd rather wait a year to find that heir apparent.
(5) Cincinnati: DE Kwity Paye, Michigan
The offensive line has been an obvious source of concern, but I'd also suggest the defensive line needs a lot of help as well. The team looked like they developed an allergy to sacks. Outside of Carl Lawson, no Bengal had more than 2.0 sacks or 11 QB hits. An athlete like Kwity Paye could help a lot in that regard; he can shift around the line and help shore up that unit. I like him for 4-3 teams a little more than more ballyhooed Greg Rousseau. As far as the OL goes, we'd have to trust Jonah Williams at LT and then load up on supporting help in rounds 2 and 3.
(6) Philadelphia: CB Patrick Surtain II, Alabama
The Eagles allowed opposing QBs to register a 68% completion percentage despite having a top corner in Darius Slay. Clearly, the guy needs some help (especially as he rounds 30). I know a lot of people on the sub aren't sold on Patrick Surtain as CB1 in the class, but I've always been impressed by him. He has enough size and skills to be a long-time starter.
I also considered a WR here, but we're going to have to hope that Jalen Reagor and J.J. Arcega-Whiteside develop into a serviceable tandem at some point. We're talking about kids with the talent to be R1 and R2 picks respectively (even if they may have been slight "reaches.")
(7) Detroit: WR Devonta Smith, Alabama
The Detroit Lions defense is obviously a major concern. They're big and slow and abused often. I wouldn't even rule out another CB despite taking one in the top 5 last year.
Meanwhile, the Lions' passing game doesn't appear to be a major need right now, but the emphasis may be on right now. I don't anticipate them being able re-sign both Kenny Golladay and Marvin Jones, so adding another playmaker may be crucial. The common comp to Marvin Harrison makes a lot of sense to me; he reminds me of the Colts great with his quickness, his route running, and his hands.
(8) Carolina: QB Zach Wilson, BYU
QB Teddy Bridgewater is... fine. He's OK. He's accurate. He's likable. He's fine. And at age 28, he could potentially be a "fine" starter for the next 4-5 years. Still, when you have a coordinator like Joe Brady (for now, anyway), you'd want a dominant passing game and I'm not sure Bridgewater will ever give you that. In fact, his success dipped over the course of the season. In terms of 4-game splits, his completion percentage went from 73.1% to 69.8% to 67.0% to 65.9%.
I'm not 100% sold on Zach Wilson yet, but he certainly has some dynamic ability and some higher ceiling. So while a corner like Jaycee Horn may be the safe pick, we'll take a bigger swing here. And as an added bonus, the clean-cut blond kid looks like Christian McCaffrey, so maybe defenses will be confused by that.
(9) Denver: LB Micah Parsons, Penn State
If Zach Wilson had slipped to # 9, the Denver Broncos would be strongly considering him here. But without an obvious R1 option on the board (sorry Kyle Trask), we'll start to plug smaller holes instead.
As good as the Broncos defense may be, their run defense has always lagged behind their pass defense. Drafting a thumper like Micah Parsons may help that. I don't see Parsons as a top 3 talent like some others do, but he'd still be a sure starter and someone who could help their run defense (which allowed 4.8 yards per carry.) Their current ILBs aren't bad, but Parsons can be a Pro Bowler.
(10) Dallas: CB Jaycee Horn, South Carolina
Speaking of defense with some "holes," the Dallas Cowboys may as well be Swiss cheese. They allowed 34 passing touchdowns to quarterbacks and 5.0 yards per carry in the running game. Jaycee Horn isn't going to be able to solve all those problems on his own, but he'd be a nice start. Like the other top corners in the class, he has plus size at 6'1" and can hold up in both facets.
(11) N.Y. Giants: WR Ja'Marr Chase, LSU
2021 is going to be a make or break season for QB Daniel Jones and maybe his GM David Gettleman as well. They both need this passing game to take a major leap up. Darius Slayton and Sterling Shepard are fine options, but this is a team that still lacks a true # 1 receiver. I don't view Ja'Marr Chase as a "special" talent like others do, but he should be able to fulfill that need as a traditional primary option. And besides, the combo of Giants and LSU WRs have never gone wrong in the past, right?
(12) San Francisco: CB Caleb Farley, Virginia Tech
Others have Caleb Farley as CB1, while I have him at # 3 right now. Still, his playmaking should be a major threat on a San Francisco team that's able to generate pressure up front.
(13) L.A. Chargers: OT Samuel Cosmi, Texas
The need for a tackle is obvious, but selecting Samuel Cosmi to fill it may be less popular. Still, I like the kid's height and movement ability. Having him mentored by Bryan Bulaga should be good for his development as well.
(14) Minnesota: DT Jay Tufele, USC
Mike Zimmer's defensive line used to be a strength of the team, but that's been deteriorated over time. Jay Tufele is my favorite DT in this class, with some underrated pass rushing juice on top of the sturdiness in the run game. In a vacuum, I may prefer a pure edge rusher, but this isn't the strongest DE class in my mind.
(15) New England: QB Trey Lance, North Dakota State
In the past, I've always been very critical of quarterbacks that I don't trust to win in the pocket. But nowadays, it seems like it's hard to win if you have a quarterback who can't evade pressure, get outside, and make plays with his legs.
Trey Lance may be a wild swing here, but we'd have to presume that Josh McDaniels and company would have the ability to tailor a scheme to fit his strengths.
(16) Arizona: DE Gregory Rousseau, Miami (Fla.)
Florida TE Kyle Pitts would be the clearest upgrade to the depth chart, but it doesn't appear that tight end is a top priority for Kliff Kingsbury's offense. In lieu of that, let's finally take Gregory Rousseau off the board.
Rousseau's one of the most difficult prospects to figure out to me. I didn't really like what I saw in that stellar 15 sack year (it felt like a lot of sloppy technique), but there's a good chance that he refined his game and became a legitimate top 5 prospect. Trouble is: we'd never know it because he didn't play. Still, we'll let the Cards take the gamble. They've been missing a big end like this since they let Calais Campbell go.
(17) Las Vegas: OG Wyatt Davis, Ohio State
Jon Gruden and Mike Mayock built this team to dominate with their running game, but it hasn't come into fruition yet; Josh Jacobs averaged less than 4.0 yards per carry. Beefing up that line should be a continued emphasis. There's some natural concern about Wyatt Davis in R1 after other Buckeye interior linemen have busted, but we have to trust the resume and tape here. This kid should a plug-in starter here, presuming his title game injury is only a minor setback.
(18) Miami: WR Jaylen Waddle, Alabama
Speaking of injury concerns, we have no clue what Jaylen Waddle will look like next season after his terrible injury and terrible decision to come back and get hurt again. Before all that, I would have considered him a top 10 pick. We're going to trust the medical staff here, with the hope that Waddle may be able to get Tua Tagovailoa to trust the deep ball again.
submitted by ZandrickEllison to NFL_Draft [link] [comments]

some FA I'd like for the Jags and a 7 round mock, let me know what u think

Free agents:
Allen Robinson - not sure how likely this is but I'd love to see him in the black and teal again and he would provide Lawrence a safety outlet with how well he catches contested passes, not to mention a Veteran presence in a pretty young receiver room would be nice
Trent Williams - sign him to a 1/2 year deal, he could come in as an elite tackle to protect Lawrence, take an OT in the draft who could either plug in on the right side or play behind our tackles and slide in for Williams once he is gone. It is highly unlikely we get Trent over the 9ers but this would be a dream scenario for Lawrence and our medical staff.
Hunter Henry - This signing is similar to Eifert in that the Jaguars are gambling on Henry to be the player he was before multiple injuries. However, he is much younger than Eifert so he still has room to grow into his former self again, and even if his ceiling is limited to the player he is now, he is still a good Tight End to have on our roster. I'd much prefer we sign a TE rather than drafting one because I don't love any of the guys in this class at our spots in the draft.
Marcus Williams - our safeties aren't it. plain and simple. Williams has been a great safety for the Saints since 2017 (i think it was 2017) and would instantly boost our secondary which needs any talent it can get.
Jonnu Smith - Jonnu is a dangerous weapon after the catch, he didn't receive a large amount of targets on the Titans but the Jaguars will obviously look to change that. If Jonnu can handle a large volume of targets he will be a big home run hitter for our offense.
*i'm not saying we will get all these guys this offseason, these are just guys I think we should look at
pretty much I want some veteran talent on offense that can lead our young guys and provide instant impact for Lawrence, for the defense we need to solidify our secondary by any means necessary before we do anything else.
7 round mock draft:
1. Trevor Lawrence QB, Clemson
No explanation needed, don't screw this pick up.
25. Jalen Mayfield OT, Michigan
Mayfield is a high ceiling prospect, he has ideal size and length to be an elite starting T or G. He only had two full years in college and then only played 2 games this year, starting a total of 15 games for Michigan. His college career was tough as he played against many now NFL edge rushers, most notably being Chase Young and Gross-Matos, but he held his ground against all of them. Being as young as he is I think he will only get better developing into an elite franchise tackle.
33. Gregory Rousseau EDGE, Miami
Rousseau went from playing mainly WR in highschool to being an immensely productive edge rusher for Miami. Despite his amazing production his frame is not built as an edge rusher yet and he has a lot of his technical flaws. Normally Rousseau does not last until the second in my drafts but all the players that had gone before him made sense considering Rousseau's boom or bust potential. If the Jaguars are able to snag Rousseau they could allow him to sit behind Allen and Chaisson and bulk up and get coached up to his potential. If Rousseau reaches his ceiling the Jaguars will have a lethal pass rushing rotation with Rousseau Allen and Chaisson all being good young edges. This pick would make it the third time in recent history the Jaguars had a great defensive player fall to them (Myles, Allen and now Rousseau)
46. Jevon Holland S, Oregon
Holland is a player who could be drafted to play as your free safety or as a nickel corner. He is a great athlete with great hips and feet making his coverage look fluid and easy. He could come in and start at safety for the Jaguars while also frequently rotating to the nickel corner in certain packages giving our defense a lot of versatility. Holland will be a guy who roams the field sideline to sideline and is always in play for the ball no matter what play is called. The Jaguars need to massively improve their safeties as Josh Jones and Jarrod Wilson are not the answers.
65. Tyson Campbell CB, Georgia
C.J. Henderson was up and down this season and ended it on the IR, he will for sure be back in the starting rotation come 2021 and will hopefully look more consistent. Sidney Jones looked solid for us but was on and off the field with injuries near the end of the season. Our other corner backs can not start for us next year, no matter what. Tyson Campbell comes in from Georgia with the ideal size, length and athleticism to be a starting corner for us on the boundary. However, Campbell doesn't show a good awareness of the game when on the field. With the addition of Holland the pick before the Jaguars can afford to pick Campbell and allow him to develop behind C.J and Sidney filling in for their injuries.
105. Amari Rodgers WR, Clemson
With Trevor Lawrence at the helm of our offense you can never really have enough talent for him to throw to. Rodgers comes in as Lawrence go-to guy at Clemson, he is built more like a running back than a wide out and plays mainly in the slot. He doesn't run the cleanest routes and he struggles to catch passes outside of his body but has very sure hands and can create big plays in space. Rodgers would provide Lawrence some immediate chemistry with our offense and can operate as a Curtis Samuel/Tavon Austin type gadget player in our offense.
129. Janarius Robinson EDGE, Florida State
Janarius Robinson's tape and production is underwhelming but his prototypical size and build along with his athleticism make him an exciting prospect. A lot of his lack of production can be attributed to FSU's terrible development and schemes, if hes taught how to use his size and strength properly he can become a solid starting edge. Robinson also has the height to be able to bulk up and move inside on the defensive line at 6'5.
144. Javian Hawkins RB, Louisville
Javian Hawkins is purely a complimentary type back. At 5'9 195 lbs he offers a Sproles/Edwards-Helaire type skill set in that he is extremely fast and agile, has incredible get off, and is a giant threat in space. He lacks the size and natural ball carrier vision to run inside the tackles, but can provide home run plays outside the tackles or in the passing game. Hawkins would provide a nice contrast to Robinson for our offense.
169. Jack Anderson IOL, Texas Tech
Anderson is a guard who has great size and strength, he is not a great athlete but is still able to execute pulls consistently. He relies on his strength a lot neglecting leverage and hand placement at times. Drafting Anderson does nothing for our offense immediately, he is a developmental guard who can sit behind and eventually replace norwell and cann. Once he becomes a starter he will most likely pan out to be an average starting guard.
225. Cade Johnson WR, South Dakota State
There is no 2020 tape on Johnson but he is a guy who will likely run in the 4.4/4.3 range. He is your average deep threat receiver, nothing else super stands out with Johnson. The Jaguars here take a solid special teamer and an athletic receiver that could produce on gadget plays and potentially develop into a solid, cheap deep threat wr 4/5.
246. Tamorrion Terry WR, Florida State
Tamorrion Terry, at 6'4 200 lbs, is one of the best route runners in this draft. It is rare to see someone off Tamorrion's size running so fluidly. He needs to learn to capitalize off his size and have a more alpha mentality when catching the ball, and needs to be coached out of drops issues - concentration and technique wise. Tamorrion is a receiver that if coached well could become a premier receiver in the NFL with his unique size and agility.
submitted by pl4ybo1c4rt1 to Jaguars [link] [comments]

For those that would like to have an ELI5 explanation of what stock prices mean to a publicly traded company limited by shares

The ELI5 version:
You made some trading cards. You sell 1,000 of them at a local street market for $1 each. You now have $1,000. Many people have bought your trading cards. They can trade cards with one another. Perhaps there are some card collectors. The collectors start offering others $10 per card.
You still only have $1,000, not $10,000. The after market trading has zero effect on your balance.
Collectors start going nuts for the cards. They start paying $1,000 each for them. The fact that there is a limited number of cards keeps the price high. Your bank account does not suddenly have $1 million. Just the $1,000 you have earned when you initially sold the cards. Some lucky bastards that bought 10 of your cards now have 10x more money in their bank accounts from re-selling your cards than you have in your own account.
So, seeing a chance to pay some bills, you decide to make another 1,000 trading cards. By doing so, you have diluted the number of cards in circulation. You need to offer a price lower than the aftermarket value, say $500 / card. You take a cool half million in cash. After market trading continues.
The only effect trading after sale has had on your balance is that you can issue more cards at a different price later.
Let's say the market conditions have changed. Your cards on the market are only trading at 10 cents per card. Well, you won't get much money for making new cards. Instead of a dollar, you might get 5 cents.
Note: this is an ELI5 version, glossing over many, many details.
What does this have to do as a stock market analogy?
This is not about a trading card production business. It is about issuing shares in a real business. The quality of the cards, as determined by the market, is all about the benefits (dividends, usually, or trade value), not the cards (shares) themselves.
A company limited by shares may decide to issue shares for general trading in a stock market. It does not have to do so, but it does allow general market participation for investment in the firm, but only on issue of new shares. (Glossing over splits, buy backs and such)
The rules differ from market to market, with various local government interventions, but lets ignore the details of each different market and jurisdiction for simplicity.
The first public round of share issue is called an initial public offering (IPO). The IPO is typically handled by a brokerage like JP Morgan. It is in the firm's best interest to demonstrate the value of each share. Those leading IPO's also want to see the after offer price rise. The details of the market (and the government where the market operates) can be different, but in general, the firm issuing the shares publicly also need to be transparent with their chart of accounts and file regularly so that investors can make informed decisions about what they are purchasing (either in an issue of new shares, or after-market from other shareholders).
Once shares are issued, only the initial market sale price has any effect on the balance for the company issuing shares. Any change in value afterward has zero impact on the balance sheets of the company.
What it does impact are prospects for subsequent share issues. For a firm paying dividends, new share issues dilute dividends, so shareholders do not particularly like that, unless there is a case to be made that the new cash injection will increase dividends overall. The new share issue, just like printing money, can (but not always) mean a drop in share prices.
What does any of this have to do with the WSB drama?
Well, GME has some pretty awful fundamentals (so, shorting the stock is a sensible move). Melvin went way overboard and was clearly trying to manipulate share prices by shorting more stock than was even on the market. WSB saw a squeeze opportunity and jumped on it. It is a short term strategy to make a lot of profit at the expense of a hedge fund making a very stupid move. A bunch of activists got in on it, and it made news because it was a bunch of average people making a mint, pretty much a fat, massive injection of karma right up the ass of a crappy hedge fund manager. It became a meme, and brokerages were flooded with new retail investors, many likely trading on margin (borrowing from the brokerage to cover buys).
So far, all of this market activity has had zero impact on Gamestop's balance sheets. They cannot, on a whim, suddenly issue new shares to capitalise on this market activity for a cash injection (New York Stock Exchange and US government rules).
What does this mean for Gamestop?
When people say "shorts on a stock hurt employees or destroy businesses", this is not entirely accurate. It only hurts the sale price for new stock issues from Gamestop.
Gamestop just hired a new CEO, and is struggling to make a turnaround for a brick-and-mortar company that most customers hate and makes no sense in 2021 where games are increasingly distributed digitally by publishers.
The shorts pushed by Melvin make raising new capital through a new stock issue by Gamestop difficult. But the stock is already a stinker. WSB saw an opportunity to exploit Melvin's dastardly foible. Will it save Gamestop? Not anymore likely than a similar move would have saved Blockbuster Video.
What is the silver lining?
Well, hedge funds leveraging their pooled resources will need to be far more cautious of retail investor flash mobs turning a short into a squeeze at the hedge fund's expense. The gamble just got way riskier.
What about the brokerage drama (brokerages like Robinhood that halted buys)?
It is entirely possible some nefarious collusion was going on between retail brokerages, hedge fund managers and even the new administration in the Whitehouse.
I would like to float an entirely different possibility that is just as likely, if not moreso: a flood of traders, buying on margin, using money on loan from their brokerages, all hit a single stock. The volatility was insane. Melvin was shorting 40% more stock than even existed. The thing snowballed so quickly that by Tuesday, even clearing houses were shitting their shorts.
When an investor trades on margin, the brokerage covers it with a loan for the balance. If the brokerage cannot make more loans (liability reasons), it has no choice but to stop buys, especially on a stock that is clearly being pumped waaaaaaaay beyond reasonable value. Would you loan half a million dollars to a friend, half a million you do not even have, so your friend could go play Texas Hold'em for the first time? No way.
I have glossed over a ton of detail here, and surely there are some things to nit-pick, but this is the gist of it:
Lastly, I am not a broker. I have been buying and selling stock for decades. I have in the past operated companies limited by shares and currently do today. I know a bit more than a layman, but please do not treat post as authoritative, especially the speculation about recent halts on buying by brokerages (like, why halt non-margin buys?). That is purely conjecture on my part. Most importantly, I know there are other seasoned investors in this sub that can go into much more detail. Keep the kid's gloves on when you find something not entirely accurate, please? :)
submitted by GoldAndBlackRule to GoldandBlack [link] [comments]

PANDEMIC UPDATE - 26 January 2021

UPDATE – 26 January 2021
COVID has been in Canada for one year now.
The strange case of the CEO in disguise to get vaccine for himself.
COVID-19 tax tips.
COVID-19 and the world of work – the International Labor Organization.
A breakdown of cases among healthcare workers.

If you’re having trouble regulating life while working from home, the fake commute might be for you, have a look: https://www.cnn.com/2021/01/18/success/fake-commute-meaning-benefits-pandemic-wellness/index.html
“For the many who have been doing your part, you may be asking, what more can I do? Be the voice of support and encouragement for those who may be wavering in their resolve.” – Dr. Bonnie Henry.
Feel free to share this post, or copy and paste, in whole or any part of it.

LOCAL:
· 82 cases among New West residents in the previous week.
· No new school exposures in New Westminster since that of the Queensborough Middle School on January 11th.
· Current outbreaks: Royal City Manor, declared Jan 21; Royal Columbian Hospital, declared Jan 20.
· The Rio Theatre in Vancouver has converted into a sports bar.
· The theatre is dealing with a full closure of movie theatres. But as restaurants and bars can remain open with safety protocols, the theatre is seeking other ways to do business. The move does show that the Rio cannot do business as a theatre right now, but can meet the safety requirements to operate as a sports bar.
· There are differences though. The theatre has to actually meet the requirements for a bar, such as taking orders from people’s seats rather than allowing a line-up at the concession.
· The move has stirred controversy, with some decrying the Rio as finding a loophole while the basic lay-out is still that of a theatre, with narrow entryways and tiny washrooms. Others welcome the move as innovative, a way for a theatre to survive during the closure.
Sources: CBC, Global News, Fraser Health

PROVINCIAL:
· The strange case of the CEO in disguise.
· Vancouver couple Rod and Ekaterina Baker were fined $575 after sneaking into the Yukon to try to get the vaccine for themselves.
· The couple posed as local motel workers.
· The clinic at Beaver Creek normally has one nurse and a receptionist, but a team of six was flown in to do vaccinations. Beaver Creek was chosen because “of its remoteness, elderly and population, and limited access to health care,” said Chief Angela Demit of the White River First Nation in Beaver Creek.
· The story of the wealthy executive trying to get vaccine intended for remote elderly First Nations people has not gone over well.
· Rod Baker is the Chief Executive Officer of Great Canadian Gaming, since 2011, where he earns $900,000 per year as salary, but last year also made $45.9 million from company stock options.. The company announced his resignation yesterday. The gambling company cited it’s “core values.” Ekaterina Baker is an actor, but not apparently a good enough one to fool Yukon officials. The couple chartered a flight to the Yukon.
· “We had not been imagining that someone would go to this length to mislead or deceive.” John Streicker, Yukon’s Minister of Community Services.
· The manager of the 1202 Motor Inn, where the couple claimed to work, was also rather upset. “That’s a risk (serving travellers) that we take – not a risk that somebody enforces upon us because they are too ignorant.” Staff at the Beaver Creek clinic found the couple suspicious, and phoned the motel to check on their story. While at the clinic and pretending to live and work in town, the couple rather oddly asked if anyone could drive them to the airport afterwards.
· Story from the Globe and Mail: https://www.theglobeandmail.com/canada/article-great-canadian-gaming-ceo-resigns-after-being-charged-in-yukon-ove?utm_medium=email&utm_source=Coronavirus%20Update&utm_content=2021-1-25_19&utm_term=Coronavirus%20Update:%20Great%20Canadian%20Gaming%20CEO%20resigns%20after%20alleged%20botched%20disguise%20as%20Yukon%20motel%20worker%20in%20attempt%20to%20get%20COVID-19%20vaccine&utm_campaign=newsletter&cu_id=czq7hF%2BueFDcmmCKozRUQ1bduJl6paGe
· Ekaterina Baker is known for acting in productions such as Chick Fight, Fatman, The Asset, and The Comeback Trail, and as producer of Big Gold Brick.
· IMDB page: https://www.imdb.com/name/nm9698063/
· BC has adopted a four phase vaccination plan.
· Phase 1, December to February: Residents, staff, essential visitors with long-term care and assisted living; people waiting for long-term care; people in remote Indigenous communities and hospital workers caring for patients with COVID-19.
· Phase 2, February to March: Seniors over 80; Indigenous seniors over 65, Indigenous elders; more health-care workers; vulnerable populations and nursing-home staff.
· Phase 3, April to June: Members of the general public aged 60 to 79.
· Phase 4, July to September: Members of the general public aged 18 to 59.
· Premier John Horgan says the plan is based on those who get most sick, and those most likely to die, so priority goes to the elderly and vulnerable, and those who work around them.
· The Premier said multiple groups argued that they were front-line workers and so should get priority. But with vaccine supply limited, it didn’t seem to make sense to vaccinate people on the basis of their job, like being a front-line worker, ahead people ahead of seniors or those more likely to be hospitalized or to die. Health care workers are not only the most likely to be exposed, but they also work with and have direct contact with patients and the vulnerable.
· Here is a good article with the numbers and the rationale behind the priorities: https://www.newwestrecord.ca/local-news/opinion-elderly-should-get-covid-19-vaccine-before-bc-teachers-3291898
· The dates might vary, depending on supply.
· Covid cases in BC have plateaued to an average of 500 per day.
· Dr. Bonnie Henry said that the number is still dangerously high. “For the last few weeks, we have plateaued at 500 new cases. This is too many. We are at a precipice. The virus continues to circulate in our communities. We are at the threshold of where we were in late October and November when cases started to rise.”
· “Over the next two week, I believe we can bend our curve. Not just plateau, but bend it back down…. More than you’ve done before, stay home, stop social interactions.”
· B.C. will receive no new doses of vaccine over the next two weeks. It is not sure how much will be received in February.
· Over the past three days – Saturday, Sunday, Monday:
· 1,344 new cases. 618 of those in Fraser Health. 527 reported on Saturday, 472 on Sunday, 346 on Monday. 64,828 cases to date.
· 26 new deaths. 1,154 total.
· 4,392 active cases.
· 57,831 recovered.
· 11 outbreaks in long-term care declared over.
· 6 cases of the UK variant in BC, 3 cases of the South Africa variant. No community transmission of the UK variant, but the South Africa variant cases are not connected to travel and are being investigated. Dr. Henry: “I’m very concerned. I’m concerned that if those variants start to spread, it’s just going to make our job that much more difficult.”
· 119,850 doses of vaccine administered to date.
· New numbers for Tuesday:
· 14 new deaths. 1,168 total.
· 407 new cases. 65,234 total. (Comparison: a high of 911 cases happened for Nov 27).
· 313 hospitalized, 71 in intensive care. (A high of 381 were hospitalized on January 6th).
· 4,260 active cases.
· 6,450 in self-isolation.
· 58,352 recovered.
· 122,359 doses of vaccine administered to date. 4,105 are second doses.
· No new outbreaks, one outbreak declared over.
· Dr. Bonnie Henry: “For the many who have been doing your part, you may be asking, what more can I do? Be the voice of support and encouragement for those who may be wavering in their resolve.”
· New restriction may be necessary if the number begins to climb again.
· 4,850 cases among health care workers, from January 2020 to 15 January 2021. About 8% of cases.
· From January to December 17th 2020, care aides had the highest number of cases among healthcare workers at 1,193 or 24.6%. Nurses were second at 833 or 17.2%. Below are the ten highest number of cases by healthcare worker category.
· 1,193 – care aids.
· 833 – nurse.
· 304 – licensed practical nurse.
· 280 – administration.
· 177 – housekeeping.
· 156 – dental professional.
· 151 – physician.
· 149 – kitchen staff, dietary aid, food services.
· 91 – occupational therapist, physiotherapist, respiratory therapist.
· 75 – student.
· The document is here: http://www.bccdc.ca/Health-Info-Site/Documents/COVID_sitrep/COVID19_healthcare_workers_2021_01_15.pdf
· BC has has opened 3 clinics for people with longer term Covid symptoms.
· Located at St. Paul’s Hospital, Vancouver General, and the Outpatient Care and Surgery Centre in Surrey.
· Some people still have symptoms months after the start of the disease. Of patients who were hospitalized in BC, after three months half still had breathing issues. About 20% have permanent lung scarring.
· The St. Paul’s clinic already has 160 patients.
· Nanaimo Regional Hospital has had an outbreak.
· Two staff and a patient tested positive.
· Limited to the 4th Floor on the east wing.
· A homeless shelter in Surrey has had an outbreak.
· 2 staff and 24 clients test positive.
· The Surrey Emergency Response Centre was set up to make more shelter available to homeless people during the pandemic.
Sources: CBC, New Westminster Record, Globe and Mail, BC Centre for Disease Control.

NATIONAL:
· Worked from home during Covid-19? Be sure to check out these tax tips: https://www.cbc.ca/news/canada/ottawa/accountants-break-down-tips-for-working-from-home-expenses-1.5872477
· Covid has been in Canada for one year now, starting back on the 25th of January, 2020, with one case in Toronto.
· Long-terms care homes are particularly hard hit, and it continues to be so that care homes are getting outbreaks.
· From the CBC, “What we’re seeing in the long-term care facilities just demonstrates, unfortunately, years and years of neglect.” https://www.cbc.ca/news/canada/toronto/covid-19-ontario-canada-first-case-one-year-1.5884630
· In those early days, the public was generally told in Canada that the risk was low, and that people should not wear masks, and emphasized into March that there was no community spread.
· In late February, community transmission was evidenced in the U.S., and people returning to Canada from the U.S. began to show Covid. The halt to non-essential travel, on the land border, came on March 20.
· Canada is considering more travel restrictions, says the Canadian government.
· 143 flights have arrived in Canada in past two weeks with confirmed Covid cases. Deputy Prime Minister Freeland has assured, “We are considering the issue very, very seriously.”
· In this story, you can see where Canadians are flying during the pandemic. There sure seems to be a lot of urgent need to travel to places that happen to be warm vacation spots: https://www.cbc.ca/news/politics/freeland-travel-restrictions-1.5887163
· There is an 8 p.m. curfew in Montreal, and that is hard on the city’s homeless people.
· Homeless people have seen a dramatic reduction in help since the pandemic began. Shelters have to have social distancing, if they are safe to open at all.
· The province has refused to exempt homeless people from the curfew. People who break the curfew are subject to fines that start at $1,000 and can go up to $6,000. Premier Legault says making an exception for homeless people could cause people to pretend to be homeless.
· Some shelters have been forced to close altogether, because they can’t meet the requirements.
· Story: https://www.cbc.ca/news/canada/montreal/montreal-homeless-covid-curfew-1.5880946
· 90 “adverse events following immunization,” 0.015% of the 601,901 doses administered as of January 9th 2021.
· 63 were non-serious, 0.010%. This includes things like a skin rash.
· 27 were serious, 0.004%. In Canada, this includes a wide range of symptoms from headache to nausea to anaphylaxis.
· Learn about the Canada Adverse Events Following Immunization Surveillance System (CAEFISS) here: https://www.canada.ca/en/public-health/services/immunization/canadian-adverse-events-following-immunization-surveillance-system-caefiss.html
· Here is where the numbers are updated every Friday (but not consistently): https://health-infobase.canada.ca/covid-19/vaccine-safety/#seriousNonSerious
· Manitoba is now requiring a 14 day quarantine for non-essential travel from other parts of Canada.
· The move is being made to attempt to prevent new variants of Covid-19 from entering the province.
· Applies to air and land travel.
· Includes Manitobans who are returning to the province from elsewhere.
Sources: CBC, Toronto Star, Public Health Canada

INTERNATIONAL:
· The world is experiencing Covid-somnia – an epidemic of insomnia.
· Insomnia is now at one-quarter of the population in the UK, and at 40% in Italy and Greece.
· There is concern that this is affecting people’s health in other ways.
· Work productivity is also affected.
· A University of Ottawa study of health care workers in 55 countries and 190,000 people showed that depression, anxiety, and PTSD have all risen at least 15% since the start of the pandemic. Insomnia has risen by over 23%.
· People are advised to seek help, which many are not as people avoid medical services, or those services are unavailable. Seeking help is important, because sleep issues over time can become and ongoing sleep disorder. “Tele-health” now makes treatment more available despite the pandemic.
· Working and using screens in bed is a big part of it. The recommendation is to use your bed only as a place of sleep.
· Full article: https://www.bbc.com/worklife/article/20210121-the-coronasomnia-phenomenon-keeping-us-from-getting-sleep
· Vaccine delays are happening around the world.
· Canada is receiving zero doses this week.
· Health workers who were scheduled for vaccination were mostly notified by email of their cancellations.
· In Canada, 50% of doses will be delayed for up to four weeks, up to 400,000 doses delayed.
· Restoration of supply will happen in the European union before it happens in Canada. Pfizer explained this as differing contract deals but did not reveal details. Europe has also threatened to sue Pfizer for breach of contracts, and threatened to abandon Pfizer altogether as a supplier, perhaps in doing so catching the company’s attention.
· Pfizer and AstraZeneca say they will catch up to their commitments in the Spring. Pfizer says their delay is due to changing production systems, so a short-term shut down for a greater number of people vaccinated more rapidly overall. Pfizers says that they are upgrading to be able to produce 2 billion doses per year, from the current 1.3 billion. AstraZeneca has not given details.
· UPDATED: The Pfizer production facility in question is in Belgium. The European Union has threatened to ban exports of the vaccine if commitments to Europe are not met. The company is attempting to distribute the problem in the world somewhat equitably. If Europe followed through on the threat, that could mean delays for other countries would be longer, including Canada, which is served by the Belgium facility.
· The UK, having had Brexit and pulled out of the European Union, has realized that they, too, would be one of those outside countries. The UK, somewhat ironically, is now arguing against nationalism as government policy, referring to what they called “the dead end of vaccine nationalism.”
· The World Health Organization’s Covax program, to distribute vaccine around the world fairly to low-income countries, has not been affected, some good news in the mix. The Covax problem is still on schedule, as its vaccine supply is produced in India and South Korea. The program has also received a substantial boost, following US President Joe Biden’s decision to contribute $4 billion to the program.
· The CDC in the US says that allergic reactions to the vaccine are extremely rare.
· Out of 4 million given the Moderna vaccine, 10 had severe allergic reactions.
· Moderna – 2.5 per million doses have severe allergic reactions.
· Pfizer – 11.1 per million.
· Normal flu vaccine – 1.3 per million.
· Allergic reactions begin quickly, at a median of 7 and a half minutes, so people are able to be supported through it. The majority were known to have severe allergies in advance. In the US, all vaccination sites must have people trained in responding to anaphylaxis, or severe allergic reaction.
· Story: https://www.cnn.com/2021/01/22/health/moderna-severe-allergic-reactions-rare/index.html
· A doctor in Texas has been arrested for stealing vaccine.
· The doctor stole 9 doses to give to his friends and family, authorities allege.
· A man lived in the Chicago O’Hare airport for three months because he was afraid to fly. Story: https://www.bbc.com/news/world-us-canada-55702003
· Los Angeles has lifted its air quality limitations for cremations. An emergency order was issued so that crematoriums can catch up with the number of bodies. One person every eight minutes was dying from Covid every 8 minutes. The rate of death in LA county is double the norm from past years. 13,800 deaths in the city, 7,400 currently hospitalized, and 23% of those in intensive care.
· Over 200 incidents with plane passengers over the wearing of masks have been reported in the U.S.
· The behaviour has included refusal to wear masks once onboard, shouting abusively at flight attendants, and even physical assault.
· On Thursday, President Biden issued an executive order requiring the wearing of masks across transportation, a move welcomed by flight unions.
· The FAA, Federal Air Administration, has introduced fines up to $35,000 and potential jailing for abusing aircraft personnel, a move made in December after two flight attendants were assaulted.
· One person has been fined $15,000 after hitting the flight attendant, and grabbing her phone away from her while she was notifying the captain of the problem. Another passenger was fined $7,500, who when asked to wear a mask approached other passengers without a mask and sexually harassed a flight attendant.
· Some airlines are banning passengers from their flights who refuse to follow the rules. United Airlines has banned 615 people from flying on the airline since June, Delta Airlines has banned 700.
· There is a lot of news about variants of the virus.
· New variants have appeared in Britain, South Africa, and Brazil, all countries that have had high rates of Covid.
· So, what about vaccines? Scientists have actually expected that vaccines would still work against the variants. Moderna says that antibodies triggered by their vaccine works on new variants in lab test results. More study will be needed of people who actually have been vaccinated and who had the variant. The study so far was a small sample of eight people. Early results with the Pfizer vaccine also show that it works against variants.
· Moderna is also studying to see if there is a benefit of giving a third booster shot.
· Reports vary almost daily about if the variants are more deadly or not. The truth is that data is too limited and it is too early to really tell.
· Covid job losses have been four times worse than in the financial crisis in 2009.
· That’s according to a report by the International Labor Organization.
· The report estimates that 8.8% of the world’s work hours were eliminated. The ILO looks not only at those who have become unemployed, but those who have had reduced hours of work as well. That loss is equivalent to 255 million full-time jobs, or $3.7 trillion dollars of income.
· Press release: https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_766949/lang--en/index.htm
· Study: COVID-19 and the world of work. Seventh edition. https://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/briefingnote/wcms_767028.pdf
· What’s the latest with the Tokyo Olympics?
· The government of Japan wants to go ahead with the Olympics that were delayed last summer.
· The Olympics are planned to start on July 23, and the Paralympics on August 24.
· The International Olympic Committee is currently planning on proceeding, but has not made a final decision. Efforts are underway to have Olympics that are Covid safe. That might mean no audiences, athletes restricted to their accommodation areas, and each sport would have to have protocols around training and competition areas.
· “We need the vaccine to come to Africa.” A note about Grandmothers in Zimbabwe. I encourage you to read this one: https://www.bbc.com/news/world-africa-55726054
Sources: BBC, Toronto Star, International Labor Organization, CNN, Los Angeles Times.

STATS (as of end of Monday)
CANADA
· 144 new deaths. 19,238 total.
· 5,628 new cases. 753,011 total.
· 1,222 fewer active. 62,446 total.
· 849 in critical care.
· 6,706 new recovered. 671,327 total.
USA
· 1,887 new deaths. 431,392 total.
· 152,244 new cases. 25,861,597 total.
· 9,812,845 active.
· 26,259 in critical care.
· 207,426 new recovered. 15,617,360 total.
WORLD
· 2,149,496 deaths.
· 100,286,772 cases.
· 72,315,474 recovered.
Sources: www.covid-19us.live/, https://www.covid-19canada.com/

Pandemic updates provided on a voluntary basis as a community service, on Tuesdays and Fridays unless circumstances do not allow (currently dealing with an injury that limits my typing).
To provide accurate and timely information, locally, provincially, nationally and internationally, all in one place.
Feel free to share.
With love and hope,
Jaimie McEvoy, City Councillor, New Westminster, B.C.
submitted by JaimieMcEvoy to NewWest [link] [comments]

is gambling allowed in texas video

There are quite a few gambling types allowed in Texas. You can enjoy bingo, lottery, pari-mutuel, raffles, pull-tabs, poker, slots, and even blackjack! However, you should know that there are certain places where you can practice these activities – gambling venues are quite limited in the state. The first kind of gambling that’s illegal in Texas is the casino game. Any kind of game played in a casino is illegal in Texas, and this includes real money blackjack, craps, roulette, slots, and video poker. This also applies to online gambling, although I’ve never heard of anyone getting in trouble for playing online casino games. Gambling is legal for those who are 21 years of age or older at Eagle Pass in Texas (Kickapoo Lucky Eagle Casino). People in Texas can also legally participate in the Texas Lottery or make pari-mutuel wagers on greyhound and horse racing. Raffles, charitable bingo, and pull-tab bets are also considered legal in Texas. The current minimum gambling age in Texas is 21 for land-based casinos and online gambling and 18 for horse racing, lottery and online bingo. Nevertheless, we should remind you that there are only three functioning casinos in the state and they are owned by the Kickapoo tribe. Online gambling is illegal. Texas Gambling Laws. Despite Texas being named one of the most popular games of poker, the state has relatively strict gambling laws. People can easily bet on horse racing and greyhound dog racing. However, there is always an exception to the rules. In Texas, social gambling may be permitted. Texas features most forms of gambling, although they’re very limited in the casino, pari-mutuel, and poker categories. The Lone Star State has been conservative on the gambling front ever since the lawless 1800s. This means that they’re slow to adapt to new forms of gaming. The same holds true for internet gambling because Texas hasn’t legalized casino games, poker, or daily fantasy sports. Despite an absolutely massive sports culture, sports betting is not legal in Texas. Historically, the Lone Star State has maintained a firm stance against gambling in almost all forms and although there are signs of a change, Texans shouldn’t hold their breath waiting for legal sports betting to arrive anytime soon. Online gambling is prohibited in Texas under state law. Under TX Penal Code § 47.01-47.11, it is a Class C misdemeanor for anyone who: (1) makes a bet on the partial or final result of a game or contest or on the performance of a participant in a game or contest; Enough about the so-called Texas Gambling Commission; let’s see what types of wagering are allowed in TX. Texas Gaming Commission – Types of Gambling Allowed It’s more than evident that the conditions for casinos are quite harsh, but Texas is far from being the strictest state in the USA when it comes to regulations. Legal gambling in Texas is limited to betting on horse and dog races, state-sanctioned lottery games, and charitable gaming. The local Native American tribes operate two medium-sized casinos, but the government has been trying to eliminate this form of gambling from the state since 2002, shutting down one major casino and forcing the remaining two …

is gambling allowed in texas top

[index] [525] [4477] [4687] [115] [6922] [4880] [3344] [5304] [3278] [428]

is gambling allowed in texas

Copyright © 2024 hot.playtoprealmoneygame.xyz