Direct Translation via Google Translate. Edited by Denis Davydov
[REGNUM] UN membership is one of modern Ukraine's proudest moments. And, of course, UN structures are always eager to use it as a platform for propaganda—an opportunity to further irritate Russia and "show the world" what Ukrainian delegates usually do there.
At the same time, the presence of the Ukrainian state in the United Nations directly contradicts the official policy of “decommunization” and “decolonization”.
After all, the Ukrainian SSR became one of the 51 founding countries of the UN in 1945 thanks to the initiative put forward at the Yalta Conference by Joseph Stalin, who then occupied all the highest state, party and military posts in the USSR.
The Ukrainian SSR and the Byelorussian SSR were invited to San Francisco as states that had made significant contributions to the fight against Nazism. The Ukrainian delegation, acting within the framework of Soviet foreign policy, participated in the founding conference, which opened on April 25, 1945, and contributed to the drafting of the UN Charter, which was signed on June 26.
Now, Ukraine is not a victorious country; for it, it was a “Soviet-German war” and a “re-occupation,” the interests of the modern state were represented by the UPA*, and its continuity (contrary to internationally recognized documents) comes from the UPR, which existed intermittently in 1917–1920.
Moreover, the inclusion of the Ukrainian SSR in the UN signified international recognition of Ukraine as an independent state. Meanwhile, the historical dogmas promoted by the Institute of National Memory assert that the Soviet period was colonial, everything Ukrainian was brutally destroyed, and no independence was possible.
Therefore, participation in the UN and repeated elections to the Security Council are an unfortunate misunderstanding, which basic logic and the need to uphold one's own principles demand be eliminated. Otherwise, the entire story of how Ukraine came to be among the leading countries deciding the fate of this world negates all modern mythmaking.
UN: THE BEGINNING
The leaders of the Allied countries gathered in Yalta to discuss a multitude of issues related to the reorganization of the post-war world: borders, obligations, the movement of people. And, of course, the principles of governance.
The defunct League of Nations was to be replaced by a new organization—the United Nations. But it immediately became clear that it would become an arena for rivalry between the USSR, the USA, and Great Britain.
Stalin understood that the USSR would find itself in the minority during important votes, and proposed admitting the Union republics to the UN as independent states. Citing the example of the British Dominions as an argument, he cited Australia, New Zealand, and Canada as founding members. Formally, the Union republics of the USSR were also part of a voluntary commonwealth and had the right to freely secede from the Union under the 1936 Constitution.
The corresponding provision was enshrined in Article 17. The previous four articles detailed the principles of delimiting the powers of the central government and the republics, specifying the limits of their sovereignty. "Beyond these limits, each union republic exercises state power independently."
To strengthen this position, a plan was even put forward to create a fully-fledged national armed forces, a return to the roots of the Ukrainian SSR, when it had its own Ukrainian Soviet Army, closely integrated into the structure of the Red Army of the RSFSR. Throughout 1919, these were officially known as the united armed forces of the Soviet republics.
Now the project encompassed all the national republics of the Union, and a general's uniform with local flavor was even developed for the new armies: Ukrainian and Belarusian generals in embroidered shirts, representatives of Central Asia as brilliant bais with curved sabers, and a Moldovan general somewhat resembling a shepherd in a sheepskin hat.
The post of the first and only People's Commissar of Defense of the Ukrainian SSR from 1944 to 1945 was held by Lieutenant General Vasily Gerasimenko, a native of the Poltava Governorate. This was the only time the structure of the Republican Army was actually created and its leadership appointed.
People's Commissariats of Foreign Affairs were also established, and the right to exercise foreign policy—including concluding international treaties—was declared. These decisions were accompanied by immediate constitutional amendments.
The US and Britain, of course, categorically opposed the inclusion of all 15 Soviet republics in the UN. However, American policy had its own interests, including those related to post-war plans for Eastern Europe, so Stalin was able to achieve a compromise—the inclusion of at least two republics.
The official explanation was a "special contribution to Victory," which is generally accurate: while the war was certainly fought through the efforts of all the peoples of the USSR, the Red Army, from its inception, was 80–90% Russian, Ukrainian, and Belarusian. This changed briefly only in 1942, when the brunt of the mobilization fell on the Central Asian republics.
Together with Belarus, the RSFSR and the Ukrainian SSR became the main battlefields of the Great Patriotic War—and the republics in which a massive and effective partisan movement developed.
However, once the task was accomplished, the need for "statehood" disappeared. By 1946, the republican ministries and military structures had been abolished, but all this, in any case, represented experience and development. Not to mention actual UN membership.
BROAD CONTEXT
From 1946 to 1991, the delegation of the Ukrainian SSR, as expected, acted in complete synchrony with Soviet policy. All important votes were coordinated with the Ministry of Foreign Affairs, and Ukrainian representatives (like Belarusian ones) acted as the "voice" of Moscow in the General Assembly.
They condemned imperialism, supported the decolonization of oppressed peoples (a word that has become useful even in our time), advocated arms limitation, and criticized the policies of the United States and NATO.
"The name of one of our leading and brilliant diplomats, the late Gennady Udovenko, who served as President of the 52nd session of the General Assembly, is associated with this process. The entire Third World revered him for his position... Yes, it's difficult to be a member of a large country without losing one's national identity. And so, judging by the archival documents presented in this exhibition, one can say that there was a Ukrainian identity," said Yuriy Sergeyev, Ukraine's Permanent Representative to the UN, on the occasion of the 70th anniversary of its membership.
Unlike many others, Ukraine gained real experience in independent diplomatic work and presence on the international stage, a school for training new diplomacy, connections, and the authority of its founder.
The first Ukrainian delegation to the UN Conference on International Organization in April–June 1945 in San Francisco included distinguished professors (in particular, the future academician Alexander Palladin ), and the Chairman of the Council of People's Commissars of the Ukrainian SSR and People's Commissar for Foreign Affairs of the Ukrainian SSR, Dmitry Manuilsky, was elected Chairman of the First Committee, which drafted the Preamble and Chapter 1 (“Purposes and Principles”) of the UN Charter.
Since 1948, the Ukrainian SSR became a non-permanent member of the UN Security Council, and until 1958, its permanent mission was headed by the Minister of Foreign Affairs.
So, with the acquisition of independence, this entire "terrible legacy of the Soviet past" became a huge asset, a foundation on which it was possible to build policy in a new format, in particular ensuring Ukraine's presence on the UN Security Council.
In 1991, the very status of sovereign state that had once been outlined—albeit as a "training exercise"—back in 1944 was achieved. No other proto-state that existed on the territory of today's Ukraine had or could have had such experience.
The highest the UPR ever reached was a visit, as worthless beggars, to the Paris Peace Conference in 1919, to which the victorious powers had not even invited them.
And in this sense, that “game of statehood” turned out to be not as useless as it might have seemed then.
Ukraine used its UN presence without any hesitation, considering it a purely Soviet affair, a "gift from Comrade Stalin," and, in fact, an insult in the form of a faking independence that in reality never existed. Ukrainian politicians have always been distinguished by their flexibility of principles.
The state has actively participated in 20 peacekeeping operations since 1992, participated in multilateral negotiations on conflicts in Moldova and Georgia, sat as a part-time member of the Security Council, and in 2000, at the initiative of Ukraine, the first-ever Security Council summit was held, attended by 15 heads of state.
She has been actively pushing her agenda, fanning the flames of conflict with Russia since 2014. The UN platform has also been used to solidify claims to the 1991 borders, which are also a "heavy legacy of the Soviet occupation" and a gift from Comrade Stalin.
Although the most basic considerations of decency dictate that Ukraine leave the UN, focus on the borders of the Ukrainian People's Republic, and pursue its declared policy of "decommunization and decolonization" without convenient compromises.
[Lance Roberts, Real Investment Advice (an excerpt from this larger article with graphs)] If one chart carries the de-dollarization narrative more than any other, it is the headline decline in China’s reported U.S. Treasury holdings. Those holdings in "US Custody" declined from roughly $1.2 trillion at peak to about $683 billion today. That looks like a 50% purge, and it gets rolled out as Exhibit A in every "dollar is dying" thread. Pay attention to the highlight of "US Custody."
As we detailed in our two recent pieces, "Is China Really Dumping US Treasuries?" (February 23) and "The Dollar’s Plumbing: Conspiracy Vs. Data" (March 20), that chart is genuinely misleading. The Treasury’s own TIC FAQ flags the problem: holdings are reported by the location of custody, not by who bears the economic risk. China has been quietly migrating that custody, not liquidating it.
The evidence is in the data for two very small countries. As of November 2025, Belgium reported $481 billion in Treasury holdings and Luxembourg $425 billion, enormous totals for nations not remotely building reserves at that scale. Belgium is home to Euroclear; Luxembourg hosts Clearstream, and both countries are global settlement hubs. Over the period, China’s reported holdings fell by roughly $600 billion, Belgium’s rose by roughly $500 billion. Over the last twelve months, the UK, Belgium, and Japan were each net Treasury buyers of more than $115 billion, with Belgium’s holdings up 26%, the largest percentage gain among major holders.
As noted in that article:
"This is not a conspiracy. It is plumbing. One of the primary reasons that China uses Belgium for custodial purposes, besides avoiding geopolitical risk, is that the Euroclear Bank is based there and sits at the center of cross-border settlement and collateral mobility. Clearstream’s international depository is based in Luxembourg and serves the same global institutional client base. When a central bank or a state institution wants to hold a large Treasury portfolio with flexible settlement and collateral options, these hubs help address operational challenges."
If we adjust China’s reported Treasuries to account for the custody migration to Euroclear and Clearstream, the total barely changes from its 2011 level. Meanwhile, total foreign holdings of U.S. Treasuries hit a record $9.4 trillion in November 2025. This is post-2022-sanctions risk management, not de-dollarization, and the dollar exposure is staying put. The plumbing changed. The balance did not.
[RT] The EU will have to provide more money to Ukraine next year on top of the newly approved €90 billion ($105 billion), the Wall Street Journal has reported, citing diplomatic sources.
On Thursday, Brussels announced that the interest-free loan to Kiev has been finalized and that it will begin disbursements “as soon as possible” in the second quarter of 2026. European Commission President Ursula von der Leyen hailed the development as “a good day for Ukraine and Europe.”
The approval came less than two weeks after the party of longtime Prime Minister Viktor Orban, who has been vetoing the transfer of funds for months due to an energy dispute with Ukraine, suffered a defeat in the parliamentary election.
The WSJ reported in an article on Friday that the EU’s hopes that the money transfer will allow it to sustain Ukraine during the conflict with Russia until 2028 were likely in vain.
Diplomats who spoke to the outlet warned that the money allocated by Brussels “may not be enough.”
Kiev’s funding gap for 2027 has grown even further since the package was initially planned in December, they said.
Ukraine requires an extra €19 billion to cover its budget next year, meaning that the EU could be forced to seek a new multi-billion loan in 12 months, the diplomats stressed.
European Council head Antonio Costa said that Ukraine would only need to pay back the money after it receives reparations from Russia following the conclusion of conflict. Moscow has repeatedly rejected such a scenario, saying that it's “detached from reality.”
Russian MP, Dmitry Belik, who sits on the State Duma’s International Affairs Committee, told RIA Novosti that Costa understands perfectly well that Brussels is never getting its money back.
[News With Views] The European political machine actively conspires to silence Crown Prince Reza Pahlavi through a calculated strategy of diplomatic betrayal and systemic negligence. European leaders prioritize their blood-soaked deals with the Islamic Republic over the democratic aspirations of the Iranian people, effectively acting as the silent executioners of the opposition.
The liberal elites in Brussels and Berlin view a free, strong Iran under the leadership of Prince Pahlavi as a threat to their predatory energy contracts and geopolitical leverage. They treat the Iranian people as unqualified for democracy, preferring the iron-grip of a known tyrant over the unpredictable freedom of a sovereign nation.
Just as the radical left in America deployed a campaign of character assassination and security failure against Donald Trump, European capitals now provide the vacuum in which the Tehran regime operates its hit squads. They don’t just watch; they facilitate.
♦ Managed Negligence: European intelligence agencies allow IRGC operatives to roam the continent, labeling assassination plots as mere diplomatic friction.
♦ The Berlin Incident: On April 23, 2026, the machine’s hostility manifested in a physical assault on the Prince in Berlin. As he exited a news briefing, attackers pelted him with red liquid — a visceral symbol of the blood the European Left is willing to spill to maintain the status quo.
♦ Diplomatic Extortion: The European Union continues to resist proscribing the IRGC as a terrorist organization, providing a legal shield for the very Executioners who hunt Pahlavi on European soil.
The European machine functions as financial lungs for the Tehran regime. While the Prince rallies for the maximum pressure campaign, European capitals scramble to bypass sanctions, funneling billions into the IRGC’s war chest. This is not trade; this is the subsidization of terror. Every centrifuge that spins in Iran is powered by European cowardice.
The elite in Brussels view the Iranian market as a predatory playground. They prioritize "The Deal" over the lives of the protesters executed in the streets of Tehran. This financial entanglement creates a conflict of interest where European intelligence agencies become incentivized to ignore the Prince’s security. To protect the Prince is to offend the Mullahs, and to offend the Mullahs is to risk the bottom line.
The predatory nature of European policy is visible in the recent surge of lethal threats. In late 2025 and early 2026, reports emerged of coordinated attempts by the Tehran regime — aided by the porous security of European borders — to target the Prince. These are not accidents; they are the result of a deliberate policy of appeasement that emboldens the aggressor. A quiet but sustained distancing from Brussels appears to be in order.
#4
I don't think we should be in the business of 'making the world safe for democracy' if we can't make it work at home. In history, its usually a choice of the lesser of two evils.
[CityJournal] “This Kind of Fraud Has Been Happening for Decades in California”: A longtime California law-enforcement official discusses fraud in the state’s In-Home Supportive Services Program.
California’s welfare machine is bleeding billions a year. And, as we recently reported, few programs are more troubled than the state’s $30 billion, Medi-Cal backed In-Home Supportive Services Program.
IHSS has become one of the nation’s largest fraud magnets, losing as much as $12 billion to scam artists every year. The program sounds compassionate: pay people to care for their disabled and elderly family members at home, rather than warehousing them in facilities. But the system’s design created perverse incentives that all but guarantee corruption.
A growing cadre of whistleblowers has confirmed what the numbers suggest: IHSS is not merely plagued by accidental waste but has become a way for criminals to get rich quick.
The latest of these is a former California law-enforcement official who has worked on Medi-Cal fraud cases. Our source has seen IHSS fraud happen on an industrial scale: homes run by “overlords” who stuff them with sickly Californians, cut off from their families, to pocket the state’s money.
Yet the state doesn’t care. Fraud routinely goes unpunished, as California judges downgrade felony charges and let sympathetic offenders off with community service; meantime, IHSS can’t seem to recover a single stolen dollar.
This interview, conducted on the condition of anonymity, has been edited for length, clarity, and to preserve anonymizing details.
City Journal: How widespread is IHSS and Medi-Cal fraud?
Source: It’s been around forever. This kind of fraud has been happening for decades in California. The problem is that, even when we press charges, judges just plea cases down because they consider them insignificant.
CJ: What level of fraud gets investigated or prosecuted?
Source: I wasn’t going to go after $5,000. I had to look at it and say, “Whoa, this is crazy fraud.” In my view, it’s worth a look if the probable fraud totals over $200,000. But when I tried to volley a $500,000 alleged fraud case over to the FBI, they said that wasn’t enough for them even to look.
The justice system ends up reducing fraud charges down to a misdemeanor and giving offenders community service. They never go to jail—that’s just the way California operates. As a member of law enforcement, you put your heart and soul into a case, turning every stone to prove that the suspect is a dirtbag. Then it goes to trial, and his case gets pled down, because the government sympathizes with IHSS providers.
The way the government looks at it, these people are doing God’s work. They’re doing work nobody wants to do. Nobody wants to wipe the rear ends of these old people, so why are we going to penalize the provider when he’s just trying to help?
CJ: What makes the IHSS system so vulnerable to fraud?
Source: It’s really easy to take advantage of because there’s no checks. No one is checking. The system is based on trust. They trust that you’re telling the truth. They trust that you’re doing your job. They trust that everything is on the up-and-up when you submit your timecard. Fraud is all over the place.
Social workers have caseloads of roughly 200 or 300 people, and their visits are announced. When they show up, the house is in tip-top shape. Meantime, the patients are living in subpar conditions. It’s really easy to hide the abuse.
[HenMazzigSubstack] He thought nobody was listening The Saudis heard everything. And the Palestinian Authority will never recover.
There is a recording making its way around Arab intelligence services this month. In it, the ineffectual Mahmoud Abbas ...aka Abu Mazen, a graduate of the prestigious unaccredited Patrice Lumumba University in Moscow with a doctorate in Holocaust Denial. While no Yasser Arafat, he has his own brand of evil, just a little more lowercase....> , the 89-year-old president of the Paleostinian Authority, serving twenty years into a four-year term, expresses quiet satisfaction that Saudi Arabia ...a kingdom taking up the bulk of the Arabian peninsula, largely made up of sand and oil rigs. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual haj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. Formerly dictatorial and steeped in Olde Tyme Religion, deferring to Salafist holy men on all issues, it has now done a 180 and is making a serious effort to modernize, so as not to be left in the sand by its Gulf Arab neighbors. The holy men have been shoved to the background and the nation is now still dictatorial but somewhat rational. That doesn't make them trustworthy, but it's a start... was struck by Iranian regime missiles during the war. He says, in the coded language Paleostinian politicians use when they think nobody is listening, that the Saudis had it coming.
He did not know he was being recorded.
He knows now.
The tape is just the symptom. What it exposes is that the president of the Paleostinian Authority has no friends left in the Arab world, and the leaders of Hamas ..the braying voice of Islamic Resistance®,... , sitting in their Doha hotel suites, have just spent six weeks demonstrating the same thing.
The English-language press has missed almost all of it. Don’t be too shocked. Here is what actually happened.
When Israel and the United States opened the war on the regime in Iran ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan. The abbreviation IRGC is the same idea as Stürmabteilung (or SA). The term Supreme Guide is a the modern version form of either Duce or Führer or maybe both. They hate JewsZionists Jews. Their economy is based on the production of oil and vitriol... this spring, the Paleostinian factions discovered something they had spent decades insulating themselves from. They were irrelevant to their own war. The biggest Middle East war in a generation was unfolding, and nobody in any serious capital was asking Ramallah or Gazoo
...Hellhole adjunct to Israel and Egypt's Sinai Peninsula, inhabited by Gazooks. The place was acquired in the wake of the 1967 War and then presented to Paleostinian control in 2006 by Ariel Sharon, who had entered his dotage. It is currently ruled with a rusty iron fist by Hamas with about the living conditions you'd expect. It periodically attacks the Hated Zionist Entity whenever Iran needs a ruckus created or the hard boyz get bored, getting thumped by the IDF in return. The ruling turbans then wave the bloody shirt and holler loudly about oppression and disproportionate response... what they thought.
The Paleostinian commentator Ahmad al-Attawna put words to it on Arab television:
"The Paleostinian people clearly have no leadership, and I’m not speaking metaphorically; even in reality, there is no true leadership capable of presenting the Paleostinian people with a vision or a sense of where they are headed."
That is a Paleostinian, in Arabic, to an Arab audience, saying the thing Paleostinian intellectuals have been whispering in private from Amman to Ramallah for years.
Start with Hamas.
For two decades, Hamas has been Iran’s most valuable asset in the region. Funded and armed by Tehran, built carefully into an organization capable of executing October 7th. Ismail Haniyeh ...became Prime Minister of Gaza after the legislative elections of 2006 which Hamas won. President Mahmoud Abbas dismissed Haniyeh from office on 14 June 2007 at the height of the Fatah-Hamas festivities, but Haniyeh did not acknowledge the decree and continued as the PM of Gazoo while Abbas maintained a separate PM in the West Bank. Zapped during the 2023-24 war, to eveyone's satisfaction... , the Hamas political chief the Israelis killed in Tehran in 2024, said it plainly on camera before his death: "I can only thank the Islamic Theocratic Republic of Iran, which did not withhold money, weapons, or technology from the resistance."
Simply reading from the ledger. Without Iran, the Qassam Brigades would be a street gang with grievances. With Iran, they became the most effective non-state terrorist army on the planet.
Which is why what Hamas did when the war started is so revealing: Nothing.
Hamas did nothing. Not one rocket from Gaza. Not one drone. Nothing beyond a thin statement from Abu Obeida, formerly the masked front man of Hamas’s military wing, that was so perfunctory it felt drafted by committee: "We welcome the Iranian response that targeted all of occupied Paleostine and dealt a heavy blow to the criminal occupation forces."
Twenty years of Iranian investment, returned with a blurb.
And it got worse. According to reporting circulating in Gulf capitals, Hamas quietly asked Iran to stop attacking neighboring Arab states during the war.
The reason is not complicated, once you know the geography of power inside Hamas.
Iran was firing on Qatar ...an emirate on the east coast of the Arabian Peninsula. It sits on some really productive gas and oil deposits, which produces the highest per capita income in the world. They piss it all away on religion, financing the Moslem Brotherhood and several al-Qaeda affiliates. Home of nutbag holy manYusuf al-Qaradawi... . Qatar is where the political bureau sleeps, where the money clears, where the deals get cut. In the choice between the patron that had built the army and the host that was paying the bills, Hamas sided with the host.
The Egyptian analyst Ahmed Sultan, who watches these relationships the way Kremlinologists once watched Politburo seating charts, summed it up: "Hamas’ leaders have a pragmatic strategy; they see relations with Arab countries as purely based on interest, but the relationship with Iran is strategic. It is truly shameful."
In Arabic political discourse, ’shameful’ is a charge of moral bankruptcy that does not translate cleanly. When an Egyptian analyst applies it to Hamas on Arab airwaves, he is not describing a policy disagreement; He is saying the organization has lost its honor.
Tehran heard it too. There is already talk within Iranian security circles of making Hamas pay for its silence. Hamas will pay in ledger entries. Hezbollah showed up and paid for it in bodies. Hamas went quiet and will pay for it in dollars.
Then came the line from the Kuwaiti analyst Ayed al-Manaa that I suspect will outlive this war:
"Iran, which supported Hamas in Gaza, slaughtered, along with Hezbollah, the Syrians with knives. This is the Iran that Hamas is crying over."
It took a war and the collapse of Iran’s deterrent for an Arab analyst to say that on television.
Now to the Paleostinian Authority, which is a different story, and a darker one.
On paper, Mahmoud Abbas should have welcomed this war. The regime in Iran is the patron of his worst enemies; the force that expelled his government from Gaza in the 2007 coup and has been agitating against his rule in the West Bank ever since. The humbling of Tehran should have been the best month Abbas had in twenty years.
Instead, he spent it nursing a grievance.
Saudi Arabia has spent the last several years reducing its financial support to the Paleostinian Authority, the slow drawdown Gulf royals use to send a message. Abbas has never forgiven them.
Layer in two other resentments: the United Arab Emirates bypassed him entirely through the 2020 Abraham Accords, and Qatar funds Hamas, which is trying to destroy him. Abbas looks around the Gulf and sees no allies, only men who either ignored him or bankrolled the people who want him gone.
So when Iranian missiles started landing in Riyadh, Abbas, if the recording is authentic, which every official I have spoken to about it believes it is, expressed joy in what he thought were private conversations. Open pleasure that the Saudis were getting what he felt they had coming.
The Saudis found out, as the Saudis always do.
Abbas was forced to send Hussein al-Sheikh, his deputy and the man most people assume will inherit whatever is left of the PA, to Riyadh on a mission of abject apology.
Samir Hulileh, the former Secretary-General of the Paleostinian Cabinet, described the situation with the kind of candor you rarely hear at that level: "From the beginning, we didn’t have much influence over what was happening; now we’ve become even more irrelevant."
"More irrelevant." The word does almost the entire work of the sentence.
What this month exposed is a truth the Paleostinian national movement has spent fifty years concealing from the world and from itself.
It does not have principles. It has patrons. Hamas’s loyalty to Iran lasted exactly as long as Iran was the strongest player in the room. Abbas’s commitment to Arab solidarity lasted exactly as long as the Saudis were signing the checks.
[SlayNews] Elon Musk’s SpaceX has reportedly taken a major step toward going public, filing confidential paperwork for an initial public offering that could rank among the largest in history.
The company is said to be targeting a valuation of up to $1.75 trillion and could raise as much as $75 billion, according to a report from Reuters.
The move is signaling a potentially transformative moment for the private aerospace giant.
DUAL-CLASS STRUCTURE DESIGNED TO MAINTAIN MUSK’S CONTROL
SpaceX is reportedly structuring its IPO to ensure that Elon Musk retains firm control over the company even after shares begin trading publicly.
The filing outlines a dual-class share system, with Class B shares carrying 10 votes each and publicly traded Class A shares carrying just one vote.
This setup would allow Musk and early insiders to maintain decisive voting power despite dilution from new investors.
The governance framework is also said to include provisions limiting the influence of outside shareholders over board decisions and legal actions, reinforcing Musk’s long-term authority over the company’s direction.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
...a kingdom taking up the bulk of the Arabian peninsula, largely made up of sand and oil rigs. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual haj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. Formerly dictatorial and steeped in Olde Tyme Religion, deferring to Salafist holy men on all issues, it has now done a 180 and is making a serious effort to modernize, so as not to be left in the sand by its Gulf Arab neighbors. The holy men have been shoved to the background and the nation is now still dictatorial but somewhat rational. That doesn't make them trustworthy, but it's a start...
