alt-text: Woman ordering food (photo): “I would like to buy a hamburger for the same price that it was 2 hours ago.”

Cashier (sketched): “Sir, this is a Wendy’s”

  • Corkyskog@sh.itjust.works
    link
    fedilink
    arrow-up
    7
    ·
    edit-2
    9 months ago

    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”

    Lol. Wut?

    • Kerb@discuss.tchncs.de
      link
      fedilink
      arrow-up
      6
      ·
      9 months ago

      in 1956 some guy sneakily trough shell companys and such stuff, used the futures market to controll 98% of the onion suply and screwed over a lot of people.

      the onion futures act was the goverments absolute brilliant idea for a fix.

      i have no idea what the box office receipts thing is about

      • Corkyskog@sh.itjust.works
        link
        fedilink
        arrow-up
        4
        ·
        9 months ago

        Yeah no, I get the Onion thing, it’s usually taught in collegiate finance courses… but the Box Office thing threw me off. Apparently the MPAA lobbied to have it added. I am just amused that it’s attached to Onion Law.

    • kboy101222@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      2
      ·
      9 months ago

      From a couple minutes on Wikipedia, it was added to the law as part of Dodd-Frank in 2010, which overhauled the US financial system after the recession. The MPAA lobbied heavily on it