EB Phoenix Newsletter.
1st Edition
Welcome.
Obokhian.
Ser bienvenido.
Gradito.
Willkommen.
HEY, BLUE BLOOD!!!!!!!!!!!
This is the first edition of the EB Phoenix Newsletter; I humbly welcome you.
To keep us abreast with the trends and up-to-date with happenings around the nation and the world, we shall be looking at a few trends around the country.
The Deciding Power of the Nigerian Delegate System; Will Competence Ever Thrive?
The Nigerian delegate system of the primary election of political parties carries a never-ending stigma that peruses the nation. Delegates want to become bigger delegates; fresh blood wants to become delegates. Why? One answer: MONEY. It's no news that the primary elections for two major political parties; the People's Democratic Party (PDP) and the All Progressive Congress (APC), in their rights to put out a candidate to contest in the 2023 upcoming elections, have put the Delegates, who are supposed to have the backs of the nation's voices but instead, have just their account details, on a standstill as against the majority of Nigerian voices who speak with never-ending tears and pains, that they have had enough. Money has greased the palms of the Delegates, swaying and leading them off the right paths. Primaries have been concluded; we can only hope and pray.
Tensions Rise As New Drama Unfolds In The Big Brother Naija SYE Reunion.
The BBNaija Reunion Show has returned with your favorite Season 6 "Shine Ya Eyes" housemates. Here are some updates:
"#EmmaRose crashes and burns."
The BBNaija star and GGB Crew dancer, Liquorose, has caught fellow housemate turned boyfriend Emmanuel in a lie. Oga says his long-time friend comes over to say "Hi" in his hotel room in Dubai at 4:30 am, and when his babe comes knocking, he can't introduce her properly. Rose says the lady hides her face with a mask while sitting on Emma's "rough bed." Oga Emma, why nau??? Oga Emma says he had no idea it was his girlfriend at the door until he eventually opened it up. The drama keeps unfolding, and more drama is set to follow.
Restoration of Empire is the Endgame of Russia's Vladimir Putin.
According to CNN, Putin's words speak for themselves: What he is aiming for in Ukraine is restoring Russia as an imperial power.
Many observers quickly picked up on one of Putin's more provocative lines. He compared himself to Peter the Great, Russia's modernizing tsar and the founder of St. Petersburg -- Putin's birthplace --. They came to power in the late 17th century.
"Peter the Great waged the Great Northern War for 21 years," a relaxed and self-satisfied Putin said. "On its face, he was at war with Sweden taking something away from it... He was not taking away anything; he was returning. This is how it was."
It didn't matter that European countries didn't recognize Peter the Great's seizure of territory by force, Putin added.
"When he founded the new capital, none of the European countries recognized this territory as part of Russia; everyone recognized it as part of Sweden," Putin said. "However, from time immemorial, the Slavs lived there along with the Finno-Ugric peoples, and this territory was under Russia's control. The same is true of the western direction, Narva and his first campaigns. Why would he go there? He was returning and reinforcing; that is what he was doing."
Putin has long argued that Ukrainians do not have a legitimate national identity and that their state is, essentially, a puppet of the West. In other words, he thinks Ukrainians have no agency and are subject people.
By summoning the memory of Peter the Great, it also becomes clear that some sense of historical destiny drives Putin's aims. And Putin's project of imperial restoration could -- in theory -- extend to other territories that once belonged to the Russian Empire or the Soviet Union, something that should raise alarms in all the countries that emerged from the collapse of the USSR.
Tesla stock is about to get much cheaper.
Tesla shares are about to get three times less expensive.
The company announced Friday that its board approved a 3-for-1 stock split, its first split since August 2020. The break would need to be approved by shareholders at the company's annual meeting in August.
Tesla (TSLA) closed Friday at a little over $696 per share. If the split were to happen today, its stock would be worth $232 a share.
Although deep-pocketed institutional investors don't care about the company's overall stock price, individual investors might be turned off by high-priced shares. The growth of zero-fee trading apps, including Robinhood, E-Trade, and others, have made stock splits much more critical in recent years. Tesla said it considered those factors -- as well as employees who get paid in company stock.
Tesla announced plans for a split in March but did not announce a ratio. On Friday, it noted that its stock had risen 43.5% since its last stock split almost three years ago, although shares have tumbled 30% since it announced those split plans. It may have planned a more significant share split had it not fallen so much.
Other Big Tech companies have recently announced stock splits to help boost their affordability and attractiveness to everyday investors. Amazon's (AMZN) 20-for-1 stock split went into effect Monday. Alphabet, which owns Google (GOOGL), also approved a 20-for-1 split that will take effect in July. Online retailer Shopify (SHOP) has a 10-for-1 stock split planned for later in June, while meme stock darling GameStop proposed splitting its stock as well.
Tesla's move may also be aimed at getting it included in the famed Dow Jones Industrial Average, which tends to have less expensive stocks. Apple (AAPL), for example, announced a 7-for-1 stock split in 2014 and got included in the Dow in 2015.
With that, ladies and gentlemen, we draw the curtains on the first edition of the EB PHEONIX NEWSLETTER. Do well to read and leave a comment below till the next one; bye for now.