Lately, it's been a particularly lucrative time to be a #whistleblower…

The SEC just paid a record $114 million to a whistleblower.

The SEC fiercely protects the identifies of whistleblowers, which means we may never know who received the record-setting award of $114 million, or what misconduct he or she helped uncover.

Lately, it's been a particularly lucrative time to be a whistleblower.

The SEC handed out 39 individual whistleblower awards totaling about $175 million during the fiscal year that ended in September. That's more than in any year since the agency's whistleblower office launched in 2011. And the SEC received a record number of tips last year about potential wrongdoing.

...

Since its first payment in 2012, the SEC has awarded a total of $676 million to 108 individuals. The awards are paid out of a pool of money financed entirely through fines the SEC collects, not taxpayer money.

Money and revenge can be motivating factors, too

The whistleblower program helps uncover shady activity by dangling a lucrative financial incentive for employees and investors who might otherwise stay quiet.

Awards range between 10% and 30% of the fines imposed in SEC actions that result from whistleblower tips. And under new rules, awards of $5 million or less -- which are the majority of rewards -- are presumed to get the maximum 30%.

And at times, revenge can also be a motivating factor.

"I've seen whistleblowers who have personal relationships with the wrongdoer and they report on them when the relationship goes sour," Norberg said.

See the whole story here:

https://www.cnn.com/2020/10/23/business/sec-record-whistleblower-award/index.html

#China Beat Back Covid-19, but It’s Come at a Cost—Growing #Inequality

"Wei He, an analyst at Gavekal Research, estimates that China's bottom 60% of households lost about $200 billion in income during the first half of 2020."

Yet at the same time, 

"China added 145 new bil­lionaires be­tween the start of 2019 and July 2020, ac­cord­ing to a re­port by UBS Group AG and Price­wa­ter­house­C­oop­ers LLP. A rank­ing of Chi­na's rich­est in­di­vid­u­als, re­leased this week by the Hu­run Re­search In­sti­tute, found 2,398 peo­ple had wealth of at least 2 bil­lion yuan, the equiv­a­lent of about $300 mil­lion, in 2020—up 32% on the pre­vi­ous year. Chi­na's rich­est co­hort gained more wealth this year than in any other in the Hu­run list's 22-year his­tory, bol­stered by a stock-mar­ket boom and a wave of new list­ings." 

Read the whole story on The Wall Street Journal here: China Beat Back Covid-19, but It's Come at a Cost—Growing Inequality

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.@BariWeiss Tells Jews in the USA “Stop Being Shocked!” 😱

The confusion—and there seems to be a good deal of it these days—is among American Jews who think that by submitting to ever-changing loyalty tests they can somehow maintain the old status quo and their place inside of it.

Excellent piece by Bari Weiss on the reality facing Liberalism, in general, and (Progressive) Jewry, in particular, in the USA. 

"I share with the majority of American Jews' disgust toward Trump and Trumpism, which has normalized bigotry and cruelty in ways that have crippled American society. That truth doesn't detract from another: There is another danger, this one from the left. And unlike Trump, this one has attained cultural dominance, capturing America's elites and our most powerful institutions. In the event of a Biden victory, it is hard to imagine it meeting resistance. So let me make my purpose perfectly clear: I am here to ring the alarm. I'm here to say: Do not be shocked anymore. Stop saying, can you believe. It's time to accept reality, if we want to have any hope of fixing it."

Read the article here on Tablet Magazine: https://www.tabletmag.com/sections/news/articles/stop-being-shocked