Futurism describes itself as a leading source of cutting-edge science and technology news. That may not position the Florida-based journal as the most reliable place for financial and investment news, but it produced an article in 2025 about Elon Musk that should be examined before any of us move our pennies to buy shares available after the SpaceX public offering.
The share of this record-setting financial deal taken by participating financial institutions was C$700 million. Those rewards were incentives to compromise their impartiality. Investment dealers generate vast sums from lead-managing public offerings, and with such high stakes, they paint offerings in the most optimistic light. Failure to do so may exclude them from participation.
Investment dealers are not independent evaluators during a public offering, because their compensation is directly tied to the success and size of the transaction. Ethical institutions avoid offerings that have long-term problematic indicators.
“It’s simply too, too risky for the type of longevity we want to see in a company,” Marcela Pinilla, director of sustainable investing at Zevin Asset Management LLC, said in an interview ahead of the SpaceX initial public offering.
Zevin is among a group of investors—some niche, some big—publicly voicing their concerns about the norm-breaking governance structure shareholders of SpaceX will face. The company is set to give Musk roughly 80% of the voting rights, while also making him chief executive and chief technical officer, as well as chair of the board.
“This is a company that cannot be sued, cannot be sold, cannot be contested,” Pinilla said. “As shareholders, you’d have to own $52 billion in shares of a company—that is about 3%—to raise any issues with the board,” because of the rules that apply in Texas, where SpaceX is incorporated, she said.
SpaceX Treated As ‘Simply Too Risky’ For Funds With Governance Mandates
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Categories: Corruption
in-sights.ca 
What does sound advice look like? Is Mark Carney providing it?
Andy Burnham after his recent UK election victory may soon replace Mark Carney’s former boss, political mentor, and current PM, Keir Starmer.
In an embarrassingly short time it became obvious to Labour supporters that what Mr. Starmer offered was what 4 rejected Tory PM’s before him claimed were their simply brilliant ideas.
Is Mr Carney actually “Liberal”? Or just another Neo-Liberal? Let’s ask CUPE.
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https://cupe.ca/will-mark-carney-continue-liberals-pro-privatization-agenda
Mark Carney’s privatization resume:
• As a Goldman Sachs investment banker, Carney led the charge in the first attempted privatization of Ontario’s public hydro utility, Hydro One.
• As a senior official in the Finance Department, Carney oversaw the sell-off of Canada’s remaining public stake in Petro-Canada, completing its full privatization.
• Carney was chair of Brookfield Asset Management, a global giant in privatizing utilities, toll roads, ports, energy, and telecom infrastructure, and a key player in pro-privatization lobbying through the Global Infrastructure Investor Association.
• Carney has pledged to cap the size of the public service and cut public spending, without saying how deep the cuts would go.
• Carney’s stated goal of “catalyzing major private investment while disciplining core government spending” is just code for more privatization and austerity.
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[Name any Tory Government anywhere that didn’t love Austerity.]
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His Career?
• Private Sector Finance (1995–2003): Spent 13 years at Goldman Sachs in the London, Tokyo, New York, and Toronto offices, ultimately rising to managing director of investment banking.
• Bank of Canada (2003–2004): Appointed as Deputy Governor.
• Department of Finance (2004–2007): Served as Senior Associate Deputy Minister of Finance.
• Bank of Canada (2008–2013): Served as Governor, steering Canada’s monetary policy through the 2008 global financial crisis.
• Bank of England (2013–2020): Served as Governor, becoming the first non-British person to lead the institution in its history. Concurrently served as Chairman of the Financial Stability Board (2011–2018).
• Climate and Corporate Roles (2020–2025): Held positions including UN Special Envoy for Climate Action and Finance, Finance Adviser to the British Prime Minister, and Chair and Head of Transition Investing at Brookfield Asset Management.
• Political Career (2024–Present): Chaired the Liberal Party’s Task Force on Economic Growth. Elected as Leader of the Liberal Party in March 2025 and subsequently sworn in as Canada’s 24th Prime Minister.
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With five years as special UN envoy for Climate Action and Finance, he writes a lovely pro-environmental book – “Values”.
When he becomes Canada’s PM at once he sidelines his Environment Minister. And promptly he guts environmental legislation.
He swoons, all smiles, pandering to an Alberta Premier who either wants to run Alberta “The Country” or govern Alberta the “51st US State”.
His Canada must become an Energy SuperPower! Oil Patch Tories adore him.
Like it or not Canadians are now obliged to pay maybe billions, for Data Centres and AI.
His former Environment Minister quits. Quebec begins to reassess who they thought they were working with.
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CUPE?.
https://cupe.ca/news/liberal-ai-strategy-puts-big-tech-ahead-workers
Canada’s largest union says the Liberal government’s artificial intelligence strategy announced Thursday is putting the profits of Big Tech billionaires ahead of workers and the public by soft-pedalling protections against the risks of AI. CUPE is concerned the strategy is sorely lacking in measures to address the risks of AI harms to workers: nothing to strengthen income protections for workers who lose their jobs due to AI, and no assurances that workers’ privacy and data protection rights will be protected.
The Liberals claim they slowed down their rushed consultation process and listened to people’s concerns about AI. But the federal AI strategy still pushes sweeping adoption of this overhyped technology and ignores widespread calls for AI protections.
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PM Carney finds an agency at variance with his agenda. Europe notices.
https://www.theguardian.com/world/2026/jun/15/canada-eliminates-human-rights-watchdog-companies-abroad
Canada is eliminating a watchdog that investigates alleged human rights violations committed by Canadian companies operating abroad, after Mark Carney said the office hadn’t been “effective” since it was set up in 2019.
The move comes as Canada faces criticism from Donald Trump’s administration over its “unacceptable” efforts to combat forced labour.
The Canadian Ombudsperson for Responsible Enterprise (Core) was established by former prime minister Justin Trudeau’s government to investigate the use of forced labour by industry. At the time, much of the focus was on China’s use of the Uyghur ethnic minority for what critics say was forced labour. Despite years of public reports from human rights groups, Beijing disputes claims it engages in modern day slavery.
Over its six years, however, Canada’s watchdog has only launched five investigations, including against three US clothing companies with operations in the country – Ralph Lauren, Nike and Levi Strauss – as well as two mining companies: GobiMin and Dynasty Gold Corp.
As part of his austerity measures, Carney has said the Liberals will review the function of various offices in the federal government and will make cuts where resources are used inefficiently.
“Part of government is to look at things and see whether or not they’re effective and try to improve it,” he said, adding the decision to cut the role was taken “a few months ago”. He said that while Canada has formal legislation to combat the issue, including the Fighting Against Forced Labour and Child Labour in Supply Chains Act, it has been “less effective” in enforcing those laws.
(Should Mr Carney simply insist that this department do a better job and toughen existing human rights legislation? Nope. That’s not his vision of how Political Reality works.)
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