Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
Sweden doesn’t want Denmark’s power price contagion
Swedes understandably don't want to pay sky-high electricity bills when Danish wind turbines produce nothing on calm days — the predictable result of bad, wind-dependent climate policy
And neither do the Norwegians https://t.co/bYDje1vCMq
https://t.co/vwb7p0o99r
If you buy the new Ferrari Luce as a company car you can deduct 100% of the purchase price from your taxable profits…. So if your profits exceed £250k, buying a Luce would save you £125k in corporation tax. This ludicrous tax loophole is why so many new EV’s are sold. According to gov figures 78% of all EV’s are bought through a busienss. If this tax loophole didn’t exist the number of new EV’s being sold in the UK would be staggeringly lower.
They only cheat because they stand to gain. If they were there to learn, why would they cheat? But they are there for certificates that increasingly measures test-taking ability rather than general competence in a field. Students hold almost zero blame
This part from the funeral oration of Pericles can also be read a warning:
ἀνδρῶν γὰρ ἐπιφανῶν πᾶσα γῆ τάφος, καὶ οὐ στηλῶν μόνον ἐν τῇ οἰκείᾳ σημαίνει ἐπιγραφή, ἀλλὰ καὶ ἐν τῇ μὴ προσηκούσῃ ἄγραφος μνήμη παρ’ ἑκάστῳ τῆς γνώμης μᾶλλον ἢ τοῦ ἔργου ἐνδιαιτᾶται.
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For illustrious men have the whole earth as their tomb, and not only on monuments at home but in foreign lands also an unwritten record endures in the mind of all more so than on any memorial.
History of the Peloponnesian War 2.43.3
Onboard views from Starship and Super Heavy V3, which are equipped with upgraded cameras capable of streaming 4K video through every phase of flight via @Starlink
The brain is only 2% of human body weight, but consumes 20% of your energy. We must redistribute this energy to achieve a more equitable outcome. Time for the brain to pay its fair share!
Lee Kuan Yew: "I watched Britain at the beginning of a great experiment with the welfare state... I was so impressed... I did not understand what a cosseted life would do to the spirit of enterprise of a people."
Après le vol de la croix de l’Aneto en avril, Maël 18 ans, est allé lui-même ré-installer une croix en bois sur le plus haut sommet des Pyrénées. On vous raconte.
@aledeniz Is this not also a question of the ambition of the state? Surely the bundesländer could find benefit in “supraregional” ie. Federal cooperation on energy, currency and most importantly defence. Modern governments have just taken a totalitarian bend where they want to micro evryth