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Most investors have a vested interest in seeing the stock market rise, but a small subset of investors bets on stock prices going lower. This practice of short selling is so diametrically opposite to the norm that professional short sellers have been villainized throughout history. Napoleon considered short sellers “enemies of the state.” Herbert Hoover condemned them as unpatriotic. And as recently as 2017, the president of NYSE Group called short selling “icky and un-American.”
By Yan Dengfeng
Containing a pandemic depends on many factors: the nature of the contagion, the availability of medical resources, and how quickly a vaccine can be developed. But the public’s awareness of the health risk and their willingness to take preventive measures are always crucial, and these are shaped by the effectiveness and persuasiveness of public communication about health risks.
Shanghai began tackling the unscrupulous sales of gym memberships by offering consumers a seven-day grace period this month to address the difficulties they face in getting refunds for impulsive purchases. The Shanghai Consumer Council said the goal is to regulate the business practices of fitness service operators. Earlier, ICS spoke to Professor Chen Guodong, an expert in Finance from NYU Shanghai, and learned more about how the policy protects consumers.