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The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". [1] In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on ...
The Onion has since republished the article after dozens of mass shootings, changed only to reflect the specifics of each shooting. [ 1 ] [ 2 ] [ 3 ] In 2017, Marnie Shure, the managing editor for The Onion , said: "By re-running the same commentary, it strengthens the original commentary tenfold each time....In the wake of these really ...
Operation Blooming Onion has been described by multiple sources as one of the largest law enforcement operations of its kind in United States history, [20] [27] [17] [5] and it was the first operation under a new directive from U.S. Immigration and Customs Enforcement (HSI's parent agency) that placed an emphasis on addressing exploitative ...
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The new shipments of onions caused many futures traders to think that there was an excess of onions and further drove down onion prices in Chicago. By the end of the onion season in March 1956, Seigel and Kosuga had flooded the markets with their onions and driven the price of 50 pounds (23 kg) of onions down to 10 cents a bag. [6]