Free Republic

White Square Capital says the shutdown is unrelated, but we're sure Reddit is playing a sad song on the world's most overvalued violin. One of the hedge funds targeted by notorious Reddit investment board r/WallStreetBets is bust, the Financial Times reported on Tuesday. The r/WallStreetBets subforum shot to fame earlier this year after its members rallied around so-called “meme stocks”—stocks facing what they considered predatory shorts by big investors—causing their prices to surge to unfathomable levels. The first and most famous target was GameStop, but other companies including AMC and Blackberry saw similar boosts. It didn’t take long for the...

Over 1,000 bullets and 11 guns have been lost or stolen from the Army, the Ministry of Defence has admitted amid fears they could be in the hands of criminals. The missing munitions, including eight rifles and 1,000 rounds of ammunition taken in one burglary from a Merseyside army cadet facility, all disappeared within twelve months, a Sky News investigation found. The news comes just weeks after the Telegraph revealed hundreds of unexploded munitions had been found in Scotland over the past three years. Land mines, grenades and flares have all been recovered, including several in the city centres of...

Armed men stole $40 million of gold and other precious metals on Thursday from a Sao Paulo cargo terminal at South America’s busiest airport, taking two hostages, police said. Several of the suspects arrived at the Guarulhos airport in a black pickup truck with livery resembling Brazil’s federal police, according to security footage seen by Reuters. Four men left the vehicle with their faces covered, at least one of whom had a rifle, and confronted workers at the airport, who then proceeded to fill up the pickup truck with cargo. A police report said the thieves left with about 750...