BC POLITICS
Saved by @Alex1Powell

Supreme Court will hear today a petition filed by Facebook India Vice-President, Ajit Mohan, which challenges the summons issued to him by Delhi Assembly's Committee of Peace and Harmony in relation to #DelhiRiots2020.

@FacebookIndia @secondatticus #Facebook

 In the previous hearing, Senior Advocate Harish Salv, appearing for Ajit Mohan, asserted before the Supreme Court that Mohan would not appear before the Committee of Peace and Harmony of the Delhi Legislative.

@secondatticus #Facebook
Facebook Only Gives A Platform; Its Vice President Will Not Appear Before Delhi Assembly Panel: Salve Tells SC

https://t.co/TmvueDaJE3
Assembly Panel on Peace and Harmony is looking into complaints on the "role or complicity of Facebook officials in the Delhi riots" that took place in February 2020.

Mohan was issued two summons on August 31, 2020 and the second, on September 18, 2020.

@secondatticus #Facebook
A Bench of Justices SK Kaul, Dinesh Maheshwari and Hrishikesh Roy will be presiding over the matter.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Justice Kaul states that Item 14 will be taken up now and then the Bench will break.

Item 13 will be taken up after that.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Matter commences.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Bench will reassemble. Senior Advocates Harish Salve, Dr. AM Singhvi, Rajeev Dhavan are present.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Dhavan: We have filed an Intervention and it’s on behalf of the Committee whose actions have been impugned through its Chairperson. I have prepared the submissions.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Dhavan: I’ll be sending it to the Registry. This issue concerns powers of the Committee.

Bench: This has been sent to others ?

Dhavan: It’s been filed.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Bench: We will have to issue notice and see what others have to say.

Dhavan: Will Mr. Salve have any problem ?

Salve: It is always a pleasure to hear. Dr. Dhavan. But, they are saying that Committee has separate powers as a jurisdictional entity.

#Facebook @secondatticus
Salve: We have a lot to say about his stand. We don’t have it in writing so far. You may allow this Application, subject to conditions. These are all legal issues ultimately.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Bench: Issues have been raised about the status of the Committee.

Salve states that notice can be issued.

Dhavan: If Salve says that question of law is involved, then it can be answered during the proceedings. I don’t want that to be held up.
Bench: How much time do you want to file Reply ?

Salve: I have American clients, and I want to play it safe. So, I would request for 4 weeks.

Bench: That’s too much.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Singhvi: If Salve feels it’s an issue of law, then I would suggest for the proceedings to continue. Otherwise, the earliest date.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Dhavan suggests that he is ready to hear Salve on any point against him. He is merely resisting the possibility of a further date when the Intervention is allowed.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Dhavan: If Salve says that it may be allowed.

Salve: The Bench may fix a date for final hearing and I will take my instructions.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Bench issues notice in the Application and gives two weeks to Petitioner to file a Reply. Applicant has been directed to file a written synopsis. Further, the Application will be listed along with the main matter.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Discussion ensues on the possible date for listing of matter.

Bench decides to list the matter in the third week of January, on a regular day, except for 19th January, 2021.

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi
Justice Kaul remarks: I thought this matter would take the whole day.

Justice Roy: Yes, because earlier they all wanted 3 hours each!

#Facebook @secondatticus @raghav_chadha #DelhiRiots @DrAMSinghvi

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Supreme Court resumes hearing in the Tata Sons v Cyrus Mistry case.

Day 4 of the arguments.

Mistry's counsel C A Sundaram, Senior Advocate, making submissions.


CJI tells : I discovered during the weekend that my son, who is practicing in Bombay, has been appearing for 2 years for a subsidiary of Shapoorji Pallonji Group in a matter related to slum rehabilitation.

I must disclose this to you all.

#TataSons

Salve : I think I also have appeared in that matter. I have no objection.

CJI : So can we record no objection.

Salve : Yes.

#TataSons #CyrusMistry

CJI records in the order that parties have no objection to this bench hearing the matter.
#TataSons #CyrusMistry

CJI : This might otherwise create problems later on.

C A Sundaram : Most young lawyers appear for companies of Tata group or SPG.
In England, there have been instances where sons have appeared before their fathers.

CJI : Justice P N Bhagwati has done that.
LAW
Live Law
Live Law
@LiveLawIndia
Bombay HC refers to SC judgment in Arnab Goswami case during the hearing of Varavara Rao's case.

"Now we have a judgment(Arnab case) wherein it has been clarified that HC can grant bail in writ. Earlier there was a grey area. Now the law has been made clear", Justice Shinde says


'Arnab's case was on different facts', submits ASG Anil Singh for NIA @NIA_India

"Earlier both of us were pondering whether under 226 bail can be granted, but the position has been clarified now", Justice Shinde replies.

#BombayHighCourt
#VaravaraRao

"Nanavati hospital report is deficient in a number of areas, they have been conspicuously silent on a number of issues"- Anand Grover submits for Varavara Rao.
#BombayHighCourt
#VaravaraRao

VV Rao has had ailments from the beginning, they do not have the infrastructure in jail in terms of medical facilities and he keeps getting unwell/sick since the conditions are such, that is why he cannot stay in jail - Grover

#BombayHighCourt
#VaravaraRao

Once he goes back to jail he will again get sick seeing the ailments he is suffering from, so we will be back to court again as he will get sick - Grover

#BombayHighCourt
#VaravaraRao
CRIME
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Live Law
@LiveLawIndia
On a petition against the withdrawal ceiling of Rs. 5 lakh from deposits in the PMC Bank, @RBI submits yet again that the ceiling has already been raised from Rs. 1 lakh to Rs. 5 lakhs but allowing further withdrawals will result in "a run on the Bank."

The petitioner cites various instances of depositors in desperate need of funds suffering due to the withdrawal ceiling.

Chief Justice DN Patel had shown an inclination towards adjourning the matter, however, the petitioner is emphasizing his case through various factual instances.

CJ: If you raise these grounds, then everybody is in need of money. Nobody is saying that you don't have the need for the money. But please understand what the counsel for @RBI is saying, that if this is allowed, then many people may not get any money.

CJ: Somebody may have put their retirement money, someone may have put some other funds, but you are a counsel, and not a petitioner, kindly understand what the @RBI is pleading.
INDIA
Live Law
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@LiveLawIndia
Crucial hearing in the farmers protests cases in the Supreme Court today.

A bench headed by Chief Justice of India will hear the cases post 11 AM.

#FarmersProtest
#FarmLaws


The Delhi police has filed an injunction application to stop the proposed tractor rally by protesting farmers on the Republic Day.

On January 12, the SC had issued notice on the petition. It will be considered today.

#FarmersProtest

In another significant development, one farmers' union, Bhartiya Kisan Union Lokshakti, filed an application seeking the complete reconstitution of the Committee constituted by the SC for negotiations. One member, BS Mann, had recused earlier.

On Jan 12, the top court had stayed the implementation of the farm laws after observing that the Centre has failed in its negotiations. The SC also constituted a committee for talks. However, the protesting unions said they will not appear before the committee.

#FarmersProtest

The SC observed in its order that the staying the implementation will "assuage hurt feelings of farmers" and will "encourage them to return".

Read Summary Of Supreme Court Directions

#FarmersProtest #FarmLaws
INDIA
Live Law
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@LiveLawIndia
Supreme Court Bench headed by Justice Ashok Bhushan will hear today pleas filed by director, producer, writer & actors of the web series Tandav to quash criminal proceedings initiated against them for allegedly hurting religious sentiments.

#Tandav @Mdzeeshanayyub @aliabbaszafar


The petition has been filed by Director @aliabbaszafar, Producer @iHimanshuMehra, Writer @_gauravsolanki, Actor @Mdzeeshanayyub and @PrimeVideoIN @amazonIN Original Head @aparna1502.

#Tandav #WebSeries #SupremeCourt

Last week, the Bombay HC had granted transit anticipatory bail to Tandav web series director Ali Abbas Zafar, producer Himanshu Mehra, Amazon content head Aparna Purohit and writer Gaurav Solanki enabling them to seek regular pre-arrest bail from Uttar Pradesh.

#Tandav

Details of the Bombay HC order can be found here. 👇🏽

‘Tandav' Series Row : Bombay High Court Grants Transit Pre-Arrest Bail To Director, Producer, Writer, Amazon Content Head

#Tandav #SupremeCourt @Mdzeeshanayyub @aliabbaszafar

Sr. Adv. Fali S. Nariman will be appearing in the matter.

#Tandav #SupremeCourt @PrimeVideoIN @Mdzeeshanayyub @aliabbaszafar
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Alexandria Ocasio-Cort...
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We’ve been getting calls and outreach from Queens residents all day about this.

The community’s response? Outrage.


Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.

When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs low-wage or high wage? Are there benefits? Can people collectively bargain?

Displacement is not community development. Investing in luxury condos is not the same thing as investing in people and families.

Shuffling working class people out of a community does not improve their quality of life.

We need to focus on good healthcare, living wages, affordable rent. Corporations that offer none of those things should be met w/ skepticism.

It’s possible to establish economic partnerships w/ real opportunities for working families, instead of a race-to-the-bottom competition.
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Operation Cupcake
Operation Cupcake
@PhillipsBarrie
Alex Barros-Curtis run both Smith’s campaign in 2016 and Starmer's in 2020. He is Keir's new ultimate enforcer but who hacked, data scrapped and purged? Is Keir's position as LOTO truly legitimate?. Did he cheat?. Thread. #StarmerOut #LabourLeaks

Novara Media revealed that a leading figure in Kier Starmer's campaign had extensive links to Owen Smith's leadership bid in 2016. When asked if others from the Smith campaign were also involved in Starmer’s leadership Keir's office did not respond #LabourLeaks #Pfizer #Pharma


Keir had a campaign website, the controller for this DATA, according to the site itself, is a company called Movement for Another Future Limited. Alexandre Samuel Barros-Curtis is the sole director of Movement for Another Future Limited. Alex controls the DATA. #LabourLeaks

According to his LinkedIn profile, Barros-Curtis’s day job is as a consultant solicitor “Providing specialised legal advice in the area of derivatives and structured finance” in particular “Hedging, project financings, securitisations, credit derivatives” #LabourLeaks #HedgeFund

He has worked extensively on derivatives and structured finance matters in Europe and Hong Kong; as well as formerly working for the Clinton Foundation. Asked to comment on Mr Barros-Curtis and his role in the party Labour said they do not discuss staffing issues. #LabourLeaks
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Hugo Gye
Hugo Gye
@HugoGye
Jacob Rees-Mogg has admitted the Tory leadership coup looks like being delayed to December - after the 'meaningful vote' on the PM's Brexit deal.

Speaking on his @ConHome 'Moggcast': "Some people don't want a leadership vote now, they would like it when the meaningful vote comes up and think that is the time to put in letters."

JRM: "I think the strength of feeling against the meaningful vote is much stronger than the number of letters that has gone in. If there are letters in, very few of those letters will be withdrawn - so the hurdle is much lower when the meaningful vote comes."

He tells @ConHome the apparent failure of the coup could be a blessing in disguise: "In a way it is better that there has been this delay, though I can't pretend that there has been some cunning plan, because we have allowed time for people to see the failures of the policy."

Full report on the delayed coup from @NatashaC on @TheSun now:
POLITICS
Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. "They're leaving! They're leaving!"" yell seditionist as they watch House members fleeing the floor through the glass doors the only thing (+ some under-armed officers + office furniture" that protected our elected REPs (same ballot as Trump, each & everyone

@McConnellPress

2. of them felt so inclined towards martyrdom and/or possessed the weapons (Jesus, what if they'd has a grenade & guess what, in America, yes, you can come up w functional equivalents of that bc barring people from them is a betrayal of freedom so great we must simply acquiesce

3. their eventual death tolls. One functional "freedom grenade" down that hallway, tossed w ease through a hole in the glass door, could have easily hit anyone fleeing.Unless it was Mo Brooks, MTG, or one of their well-known crazy boosters, here's a thing @LeaderMcConnell ought

4. to reflect upon as he makes his CRITCAL pivot decision, which he could rally 17 people & start a fight for control of the party that rest of the country will help him with,EVEN AFTER ALL THE SHIT HE'S DONE TO PEOPLE, YES, THE REST OF THE COUNTRY WOULD HELP HIM IF HE WAS TO

5. RALLY 17 SENATORS FOR IMPEACHMENT, he'd find his whole 🌎awakened. And Mitch, as far as I understand it, you could do it anonymously!! How much would THAT fuck w them?? How great would it be, for the 1st time in 5 yrs, to be the one w power- you LOVE power! Think of the FUN!
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Jennifer Cohn \u270d\U0001f3fb \U0001f4e2
Jennifer Cohn ✍🏻 📢...
@jennycohn1
Rs made gains in state legislatures in 2020. Even where manual audits are conducted, they rarely include state races. 😢

“Ds spent big to take control of state legislatures but lost their key targets. Now they’ll be on the sidelines as new maps are drawn”

I reported on the sorry state of election auditing laws in the US in this pre-election piece for @NYRDaily. This must change. #RobustManualAuditsNOW
1/

2/ “Earlier this year, ... Republicans blocked federal legislation, the SAFE Act, which would have required such [manual] audits for most federal races.”

3/ “America’s preeminent election-auditing expert, Philip Stark, a professor of statistics at...UCB, told me a few weeks ago that “only a few jurisdictions currently audit elections in a way that has a good chance of catching and correcting wrong reported outcomes.” @philipbstark

4/ “That requires a trustworthy paper trail—primarily hand-marked paper ballots kept demonstrably secure throughout the election and the audit—and [what is known as] a risk-limiting audit using that paper trail.” #HandMarkedPaperBallots
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AHOBILAM NARASIMHA SWAMY KSHETRAM: KURNOOL (AP)
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Ahobilam is the place where Prabhu appears in his fierce form, called Ugra Narasimha, who is Svayambhu (self-manifest).
Ahobilam is one of the 108 Divya Desams. It has 9 shrines for different forms of Narsimha.


Ahobilam was the exact place where Sri Narasimha appeared and tore apart Hiranyakashipu to save Prahlad. At that moment, all the Devas appeared and praised him as Ahobala (Aho is mighty and bala is strength). So the place came to be called Ahobilam.


Out of the 9 shrines, most famous is the Ahobila Narasimha Swamy where Prabhu is seen as Ugra Narasimha.
In another shrine, Prabhu appears as Malola Narasimha Swamy. Malola means beloved of Lakshmi. Here Prabhu is in peaceful mudra with his consort Ma ChenchuLakshmi.


Jwala Narasimha Swamy shrine is the actual spot where the fierce anger of Prabhu reached its culmination when he tore Hiranyakasipu.

Ugra Stambham is the pillar from which Narasimha appeared with such force that the entire hill split into two.
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1/ I am seeing more and more founder secondary in venture rounds (Secondary = founders selling some of their shares before some other shareholders are able). Series B-D. I see both as an investor and through entrepreneur circles.

2/ I like secondary for entrepreneurs. Moderation is key but in a lot of situations I think it helps accelerate the co. Lots of very smart investors disagree. Here are my thoughts.

3/ Magnitude: My basic rule of thumb from what I see is market is 4+ yrs and up to 10% of founder’s equity stake with some $ cap that makes sense given stage etc. (typically <$10m)

4/ The entrepreneurial journey is brutally hard. Giving some financial relief helps remove one piece of pressure. I don’t think that secondary in the magnitude mentioned impacts the drive/persistence of great entrepreneurs.

5/ That secondary means they will be able to just sleep knowing they can pay their kids’ tuition. Secondary will make most founders better at their jobs, thus accelerating the co.
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Thread on
"Intraday Banknifty Strangle based on OI data"

(System already shared, today just share few examples)
(1/n)

-Trade timing after 9:45

-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side

-We will sell both strikes with combined premium as SL on both legs.
(2/n)

28th June 2021

BN open-35440
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection 35500 CE- 35000 PE
(3/n)


29th June 2021

BN open-35323

At 9:45 trading at 35112

Highest OI in call side at 35300 CE and 35000 at put side

Strike selection 35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
(4/n)


30th June 2021

BN open-35030

At 9:45 trading at 35002

Highest OI in call side at 35000 CE and 35000 at put side

Strike selection 35000 CE(176)- 35000 PE(213) Combined premium 389 , Both legs SL 389
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foone
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So I was talking to @gewt about Job: A Comedy of Justice and I came up with a theory that I think explains why Heinlein's late-period work is so kinda-terrible and why I still enjoy it so much


So Heinlein had always been very interesting in the short parts of his novels, like the little snippets inside chapters. He had a very fun writing style, and wrote some fun dialogue with fun characters, right?>
It probably comes from how much of his early stuff was short fiction

And I think what happened with a lot of his longer works is that he'd just start writing fun bits and hope it would end up going somewhere or having a bigger plot by the end. like eventually he'd figure out where this was going, then go back and rewrite it into a cohesive whole

and I'm sure he had editors that'd help this process. No editor would let you publish something as rambly and changing-gears-every-other-chapter as The Number Of The Beast, for example... unless you were God-King Of Science Fiction 1980s Robert Heinlein.

so basically I think what happened is that by the 80s (when he was in his seventies!!) he lost the drive to go back and rewrite and he was too Untouchable for editors to make him.
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My System for momentum trading🧵:

1. Stock Identification:

Daily and Weekly Delivery Analysis using @mystockedge
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Relative Strength of a stock visavis market using RS55 model listed in @mystockedge

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3. Stock Participation:

Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.

4. Position buildup:

Every time the stock gives a breakout from the previous swing high add more position and go all-in.

2/n

5. Stock Exit:

I run two portfolios: Short term Swing and Long term Swing.

For Exit in Short term swings, I use a 2hourly Chart with super trend and RS. I am using @tradingview for the same.

For long term swing, I exit when the RS of the stock goes below 0. Period.

n/n
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