Accounts published by Chelsea show £50m payment to former directors

Millions of pupils face months of turmoil after the NASUWT teaching union voted to turn down the deal yesterday. It became the final union to reject the offer – and vowed to re-ballot members in a bid to launch fresh strikes. Chelsea’s accounts have revealed a payment of £49.75million to former club directors for ‘services related to the club’s sale’ – as the Blues became the first club to accumulate losses of over £1billion.  Regardless, short positions in most regional banks were nowhere near some highly shorted stocks like electric carmaker Tesla Inc, which hit around 25% as recently as 2019, and GameStop Corp, which surged past 100% of shares in 2020, Sarah Katrina maruani method of teaching PDF according to Refinitiv data.

But it’s not just fashion that appears to have forgotten the body positivity movement. Half of Hollywood seems to be shrinking, thanks to a self-administered diabetic injection called Ozempic, which leads to rapid weight loss. Two of the banks that shut down last month, Silicon Valley Bank (SVB) and Signature Bank, showed a similar pattern: short interest increased as their stock started to fall, at varying degrees of intensity.

Investors who wager shares in a company will fall were increasing bets on First Republic’s stock when it was already taking a beating, making it difficult for the bank to recover its value, according to the source. Boehly’s spending since taking over the club has been notorious, and the newly released accounts confirm £368m was spent on 18 new players and ‘restructuring first team management’ during the summer transfer window. As the crisis accelerated, JPMorgan Chase & Co equity analysts wrote on March 17 that short-sellers were “working collectively to drive runs on banks,” and venture capitalist David Sacks asked on Twitter whether “scurrilous short sellers” had used social media to exacerbate depositor flight from SVB.

The body positivity movement (and yes, I know, you are supposed to call it the ‘body neutrality’ movement now, which further underlines my point about the rigidity of today’s activism) was one of the loudest and most cage-rattling campaigns of our times.  The percent of shares borrowed — the basic mechanism of a short bet — was minimal to start the month but increased to between 7% and 37% by March 31, according to various data provider calculations, versus averages between 3% and 5% across all stocks.

“The shorts in the months before the collapse were accurately warning the markets…that the bank (SVB) was being dangerously mismanaged,” Dennis Kelleher, President and Katrina camaj books CEO of Better Markets, a nonprofit industry group in Washington, DC, said in an email. “The problem is once that collapse happened, shorts with various motives started targeting other banks.” And then there’s the literal vanishing act of the body positivity movement’s most prominent role models.

Amy Schumer recently admitted to having had liposuction; Mindy Kaling just lost 40lb, while Rebel Wilson, Melissa McCarthy and Adele all appear to be disappearing with each passing day.  Finally there were poster girls – Mindy Kaling, Amy Schumer, Chrissy Teigen – for a movement that ten years earlier had had no name. It looked as though there had been a victory. Then things went quiet. You are either on the right side of history or the wrong side.

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