The video shows clearly at 0:47 that smoke bombs were thrown at a line of police blocking the Morrison Bridge, before police revoked the march permit (you can see the rest of the march pass by in the video). states that one can of Pepsi thrown at police was "the extent of the projectiles"-is contradicted by Black Bloc activists' own account of what happened that day, both in the form of a promotional video posted at Facebook and the article "May Day in Portland: A Report-back and Response to 'Socialist Worker'" at. The idea that the Black Bloc was only acting defensively-K.A. The police.would have arrested a lot more if Black Bloc had not started a fire on the intersection of Morrison Street and 4th Avenue." writes: "The reason Black Bloc uses the tactics it does is to create massive diversions. The first line of argument is that the Black Bloc was simply acting in defense of themselves and the wider march by fighting back against police and "creating diversions" to allow other marchers to escape. CNN Sans ™ & © 2016 Cable News Network.WAEL ELASADY'S Socialist Worker article about the Portland protests on May Day ( "Hard facts about Portland's May Day 'riot'"), describing the police attack on a 1,500-strong march and the actions of the Black Bloc, provoked responses in Readers' Views to SW ( "The Portland police were at fault") and at other websites.Īs someone who also participated in the May Day march, I want to take up several arguments in those responses that are put forward in defense of the Black Bloc's actions. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account We have reviewed the full report in the context of our own data and believe it’s designed to deceive and confuse investors,” Square wrote. “Hindenburg is known for these types of attacks, which are designed solely to allow short sellers to profit from a declined stock price. In a statement to CNN, Block called the report “factually inaccurate and misleading,” and said it intends to work with the Securities and Exchange Commission and explore legal action against Hindenburg. In 2021, members of the “Cash App” gang were charged with distributing fentanyl, the report said. Hindenburg alleges that there is even a Baltimore-based gang named after Cash App. The report cites “numerous indictments by the Department of Justice, which detail Cash App’s use to facilitate sex, including with minors.” It also references a quote from Sara Crowe, senior director at the anti-human trafficking nonprofit Polaris Project, where she says that “when it comes to sex trafficking in the US, by far the most commonly referenced platform is Cash App.” The report claims that Block is regulated like the “Wild West” and allows fraudulent accounts, which gives cover for criminals involved in illegal or illicit activities, including the sex trafficking of minors. Hindenburg says it led a two-year investigation into Block, which also owns Square, Weebly, Afterpay and music-streaming service Tidal, and that found that “Block has systematically taken advantage of the demographics it claims to be helping.”īlock is not a disruptive innovator, claims the report, but instead benefits from “a willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.” Hindenburg’s attack on Block comes two months after the short seller’s allegations against Adani Group erased billions of dollars from the Indian conglomerate’s market value. Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from short-seller Hindenburg Research that accused Jack Dorsey’s company of allowing fraudulent accounts that obscure criminals involved in illegal or illicit activities, including the sex trafficking of minors.
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