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Search resuls for: "John Sinclair"


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John Sinclair, a counterculture activist whose nearly 10-year prison sentence for sharing joints with an undercover police officer was cut short after John Lennon and Yoko Ono sang about his plight at a protest rally, died on Tuesday in Detroit. His publicist, Matt Lee, said the cause of his death, in a hospital, was congestive heart failure. As the leader of the White Panther Party in the late 1960s, Mr. Sinclair spoke of assembling a “guitar army” to wage “total assault” on racists, capitalism and the criminalization of marijuana. “We are a whole new people with a whole new vision of the world,” he wrote in his book “Guitar Army” (1972), “a vision which is diametrically opposed to the blind greed and control which have driven our immediate predecessors in Euro-Amerika to try to gobble up the whole planet and turn it into one big supermarket.”He also managed the incendiary Detroit rock band the MC5. Their lyrics — “I’m sick and tired of paying these dues/And I’m finally getting hip to the American ruse” — were a kind of ballad for the cause.
Persons: John Sinclair, John Lennon, Yoko Ono, Matt Lee, Sinclair, , Army ”, , I’m Organizations: White Panther Party, Army Locations: Detroit
NEW YORK (AP) — Wayne Kramer, the co-founder of the protopunk Detroit band the MC5 that thrashed out such hardcore anthems as “Kick Out the Jams” and influenced everyone from the Clash to Rage Against the Machine, has died at age 75. Kramer died Friday at Cedars-Sinai hospital in Los Angeles, according to Jason Heath, a close friend and executive director of Kramer's nonprofit Jail Guitar Doors. "Brother Wayne Kramer was the best man I’ve ever known," Rage Against the Machine guitarist Tom Morello wrote on Instagram Friday. The MC5 was more radical politically than most of its peers, and otherwise louder and more daring. Kramer would lead various incarnations of the MC5 over the following decades, and perform with Was (Not Was) among other groups.
Persons: — Wayne Kramer, Kramer, Jason Heath, Heath, Fred “, ” Smith, Rob Tyner, Michael Davis, Dennis “, ” Thompson, White Panther, John Sinclair, Brother Wayne Kramer, Tom Morello, , Thompson, Smith, , Wayne, Margaret Saadi, Francis Organizations: Motor City, Marxism, White Panthers, Convention, USA, Locations: Detroit, Los Angeles, Chicago
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2022. Proceeds raised by IPOs this year are down around 93% versus 2021, said Lynn Martin, president of Intercontinental Exchange Inc's (ICE.N) New York Stock Exchange. "The reason companies aren't coming to market isn't because the public market currency isn't strong," she said in an interview on Wednesday. Increased scrutiny over the accounting practices of Chinese companies listing in the United States has been another factor in the slowdown in IPOs. "I am quite confident that the IPO market activity will return very quickly in the new year," she said.
After FTX collapse, pressure builds for tougher crypto rules
  + stars: | 2022-12-02 | by ( ) www.reuters.com   time to read: +4 min
The collapse of Sam Bankman-Fried's FTX was the biggest in string of big crypto-related failures this year. Some crypto investors share these concerns. "Regulators could have posted a lot more guidance for crypto," said Brian Fakhoury at crypto venture capital fund Mechanism Capital. India's Finance Minister Nirmala Sitharaman said the collapse of FTX underscored the need for greater visibility on often-anonymous crypto transactions. The FTX collapse "shows the importance of a well-framed regulation," Sitharaman said, "so that countries can be clearly aware of by whom, for what for these transactions are happening.
Nasdaq had 143 IPOs in the first nine months of 2022, versus 557 over the first three quarters of 2021. Friedman also said she anticipates Nasdaq's cryptocurrency custody business, Nasdaq Digital Assets, which it announced in September, to launch in the first half of 2023, pending regulatory approval. Nasdaq has also made a big push into anti-financial crimes software, with its $2.75 billion acquisition of Verafin, announced in December 2020. Friedman said she believes Nasdaq's fast-growing anti-financial crime unit could become a $1 billion-a-year business, three times its current revenue. To view the Reuters NEXT conference live on Nov. 30 and Dec. 1, please click here.
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