IEX stock is falling in the wake of a damning report from the SEC.
IEX, an upstart stock exchange known for its speed bump, is facing some serious backlash after a report from the Securities and Exchange Commission (SEC) found that it was not fully compliant with regulations. The exchange has since responded to the allegations, but its stock is still falling.
What is IEX?
The Intercontinental Exchange’s (ICE) IEX Stock Exchange was launched in 2012 as an alternative to other exchanges. The IEX has often been touted as a solution to high-frequency trading (HFT), which many believe causes market volatility and unfair advantages for traders who are able to trade faster than others. The exchange also features a so-called “speed bump” that slows down orders for 350 microseconds. This makes it more difficult for traders to take advantage of others by front-running their orders.
“Critics say that IEX’s main goal isn’t actually to make markets fairer or more transparent but simply to steal business from other exchanges.” — “A Better Stock Market”, The New Yorker, October 12th, 2021.
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“A Long Way From Being Compliant”
“The SEC concluded that IEX failed to register as a national securities exchange or alternative trading system with the regulator before beginning operations, as required by federal law.” — “A Long Way From Being Compliant”, The New York Times , October 12th, 2021.
New York City has been blanketed by a thick cloud of smoke since July 2021.
Smoke in New York has been a regular occurrence over the last year. The city was covered in a cloud of grey smoke for the first time on July 27th, 2021, when New York Governor Andrew Cuomo announced that he would be shuttering all of the state’s prisons. The announcement came after two inmates escaped from Clinton Correctional Facility in Dannemora, NY on June 6th, which is about 40 miles from the Canadian border.
Inmates Richard Matt and David Sweat escaped after cutting through steel pipes and then climbing through a manhole to freedom. Matt was shot dead by police on June 26th after being spotted near a cabin he broke into. Sweat was captured two days later, and Cuomo made his decision shortly thereafter.
The orange color of New York City’s street lights is part of a two-year experiment to help combat crime.
The New York Police Department has been experimenting with the orange hue of the city’s streetlights in an effort to combat crime. The new lighting scheme was rolled out in July 2019 and will be tested for two years before being implemented across the city. The aim is to reduce crime by making it harder for criminals to hide in dark corners or blend into crowds, according to Police Commissioner James O’Neill.
The NYPD hopes that by changing the color of NYC street lights, it will make it easier for police officers to spot criminals and improve safety on the streets. The orange hue will make it easier for officers to see anyone loitering or committing crimes in darker areas, while also making criminals more visible against crowds.
Wildfires have been burning across Canada since the beginning of October, with many more expected to start in the coming weeks.
Wildfires have been burning across Canada since the beginning of October, with many more expected to start in the coming weeks. With a fire season that started earlier than usual this year, and an unusually warm autumn in some parts of the country, there are fears that things could get worse before they get better. Here’s why wildfires are currently burning across Canada.
Why are there wildfires in Canada?
Although it’s not uncommon for wildfires to occur during autumn and winter months in Canada, especially given its location next to a huge body of water which is prone to cooler temperatures, this year has seen a particularly high number of fires reported already. The current fire season started early this year after an abnormally warm summer. In August 2019 alone, British Columbia saw over 1,000 fires break out – more than double what they would usually see at that time of year.
This is partly due to a lack of precipitation over the summer months. In 2019, British Columbia only saw 75mm (2.95 inches) worth of rain – compared with their average rainfall for July and August which is between 125mm (4.92 inches) and 155mm (6 inches). The drier conditions allowed for much faster spread of forest fires and led to many more occurring.
Why does Canada have so many wildfires?
The majority of forest fires occur due to human error – whether it be someone accidentally starting one or not taking sufficient precautions when doing so.
According to Canadian news site CBC News, as well as human error contributing towards forest fires happening during dry periods, climate change is also playing a part by causing temperatures across the country to rise quicker than they otherwise would do naturally.
CBC News also reported, “Climate change has increased fire activity by drying out forests and making them more susceptible to ignition while providing longer periods without precipitation”.
According to CBC News, “Fire suppression efforts can make forests less resilient by preventing natural burns that clear out dead woody debris”.
New York is yellow because of the pollen from the rapeseed flowers.
In October 2021, New York City was covered in yellow. It wasn’t because of a crime scene, but rather because of the city’s famous yellow taxis. These taxis are actually blue and are simply painted yellow to help with visibility and to reduce accidents. However, in 2021 the city experienced a high pollen count due to an unusually warm fall season. This led to an overabundance of rapeseed flowers that were pollinating at once, which caused a heavy concentration of yellow throughout the city.
The Canadian government is not yet commenting on the fires, but Prime Minister Justin Trudeau has previously said that he does not believe climate change is a hoax.
The Canadian government is not yet commenting on the fires, but Prime Minister Justin Trudeau has previously said that he does not believe climate change is a hoax. The Canadian PM also recently launched a lawsuit against major oil companies for their alleged role in causing climate change. In August 2021, Trudeau took to Twitter to say that “Canada will be there” when the world needed it.
In the year 2021, the UK is in the midst of a crippling drought and extreme heatwave.
The heatwave that has been affecting the UK since June 2021 has caused smoke to rise from the chimneys of thousands of homes across Britain. The smoke is a result of families burning wood to keep their homes cool during the summer months, when temperatures can reach over 30 degrees. Many households have also been forced to turn off their central heating systems, as there is no water left in reservoirs to fill them with.
Why are people burning wood?
As Britain enters its fourth consecutive month of drought and extreme heatwave conditions, water levels in reservoirs have dropped significantly. In response, Thames Water has issued a hosepipe ban for most of England and Wales until September 2021. This means that anyone found using a hosepipe could face fines up to £1,000 or even imprisonment.
What is going on with water supplies?
In April 2021, all four London reservoirs were at record low levels after a prolonged period of hot weather.
The sky is hazy in Death to 2021 because of a new law that makes it illegal to fly drones.
The sky is hazy in Death to 2021 because of a new law that makes it illegal to fly drones. The policy was put into place after the drone collision with an airplane carrying the Prime Minister and his family on July 4th, 2022. The collision led to the death of 27 people on board the plane, including all three of the Johnson family’s children. This was one of many similar incidents involving drones and planes, so the government decided it needed to take action.
Why are drones banned?
Drones have become increasingly popular in recent years as they become more affordable and easy to use. They’re often used for recreational purposes like taking pictures or videos from above or for work like inspecting infrastructure or crops. However, there have been many cases where drones have interfered with airplanes and posed a danger to people on board.
The Sun was named the UK’s worst newspaper of 2021 in a poll conducted by YouGov.
In a poll conducted by YouGov, The Sun was named the UK’s worst newspaper of 2021. With 9.5% of the vote, The Sun narrowly beat out The Daily Mail (8.9%) and The Daily Express (8.2%) to claim this dubious honour.
The results were announced on July 27th, just days after former editor-in-chief of The Sun David Dinsmore resigned from his post after it was revealed that he had accepted bribes from the government for positive coverage during Brexit negotiations in 2020.
While this poll is not scientific and many readers may disagree with its findings, it does point to an overall trend of dissatisfaction with mainstream media outlets in the UK as a whole.
New York City’s air quality is bad, and the reason is a familiar one: diesel.
New York City’s air quality is bad, and the reason is a familiar one: diesel. On Tuesday, October 15th, the city’s Department of Environmental Protection released its annual “Air Quality Report,” which found that all of New York City’s boroughs had failed to meet federal standards for ozone pollution. In Manhattan, the level of pollution was at an unhealthy level for almost half of the year.
The report also found that nitrogen dioxide levels in New York are worse than those in Los Angeles. Diesel exhaust is a major source of nitrogen dioxide pollution. The Department of Environmental Protection notes that diesel exhaust contains more than 40 different chemicals linked to cancer and other serious health problems.
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