Sign up today

Sign up today
Softphone APP for Android &IOS

RG Richardson Communications News

I am a business economist with interests in international trade worldwide through politics, money, banking and VOIP Communications. The author of RG Richardson City Guides has over 300 guides, including restaurants and finance.

eComTechnology Posts

The hidden humans powering the AI economy | CBC News

The hidden humans powering the AI economy | CBC News The hidden humans powering the AI economy Why artificial intelligence needs humans to f...

Erebor, a new crypto-focused US bank - Peter Thiel and Palantir


 

Palmer Luckey gestures with his hands

Patrick T. Fallon/Getty Images

RIP Smeagol, you would’ve hated the idea of precious treasures that no one can physically grasp. And hello to Erebor, a new crypto-focused US bank that received initial federal approval this week, teeing it up to fill a financing gap left by the collapse of Silicon Valley Bank and other tech lenders in 2023.

Erebor—named after a mountain from JRR Tolkien’s universe where a dragon guarded immeasurable riches—was co-founded earlier this year by Palmer Luckey:

  • That’s the guy with a soul patch and mullet who runs the weapons manufacturer Anduril, which is also the name of Aragorn’s sword from The Lord of the Rings.
  • Erebor investors include Joe Lonsdale and Peter Thiel, co-founders of Palantir, the oft-protested software company that…also gets its name from the Tolkien franchise.

Luckey’s new venture will offer traditional and crypto-oriented banking to upstart tech companies and the ultrawealthy, according to its charter application and approval letter. It needs another stamp of approval from more federal officials before operations can commence, but road bumps are unlikely under President Trump’s crypto-friendly administration.

“Palmer’s political network will get this done,” an Erebor fundraising memo promised earlier this year. Luckey, Lonsdale, and Thiel are longtime Trump backers, and an attorney who helped them draft Erebor’s charter application is now chief counsel to the federal official who just granted the bank’s preliminary approval.

Macdonald Campus Magazine tells the story of life in wartime Canada - Julius G. Richardson

Macdonald Campus Magazine tells the story of life in wartime Canada - McGill Reporter

Macdonald Campus Magazine tells the story of life in wartime Canada
Digital archives allow readers to travel back in time more than 100 years
By Neale McDevitt
Editor, McGill Reporter
November 11, 2021

Members of Macdonald College who had enlisted in the McGill Medical Corps. From the February-March 1915 issue of Macdonald Campus Magazine

A quick scan of the table of contents of the October-November 1914 issue of the Macdonald College Magazine, reveals articles one would expect in a publication produced by an agricultural college that also trained teachers. Progressive Farming in Sherbrooke County, Preparing the Flock for Winter, and Music in the Curriculum are typical of the indexed headlines.

However, on Page 5, a headline unlike any other in the magazine’s (then) four-year history jumps off the page. If War Broke Out!, written by Maurice C. Signoret, asks readers to consider the outcome of a hypothetical war between France and Germany.Members of Macdonald College take target practice as part of the on-campus Officers’ Training Corps

The article ends with Signoret’s chillingly accurate prediction “What will occur in this dreadful contact, in which more than 23 millions of men will take part!” writes Signoret, an Agriculture student at the time. “What will be the hideous butchery, outrage to humanity, the horrible slaughter, to which this fantastic mixtion [sic] will give way, seconded as they will be by frightful engines of artillery, engines of ruin which will make hecatombs of corpses! A terrifying, unimaginable, and, though fatal, unavoidable war, where nations will be dashed by the shock, and in which the revolution, everywhere prepared, will sweep away emperors, kings, their servitors, and the society responsible for such catastrophes!”

Of course, the First World War started on July 28, 1914, several months before the issue was published, and much of Europe was already reeling under the impact of the conflict. However, as clarified in the Editor’s Note, the article was submitted even before war had been declared.

“This article was written last spring by Mr. Signoret for our magazine. Little did we think when he wrote it how terribly true were his words,” noted the editors. “In fact we did not publish it partly because we did not think it best to even hint at such a dire event. He is a Frenchman, and this article has been left for the most part in the original language in which he wrote it. To-day he is nobly fighting for our liberty at the front. May Heaven bring him back to us safe and sound!”

With that, the Macdonald College Magazine added a new beat to its coverage, chronicling the impact of war upon campus life and local and national agriculture, and keeping tabs on the members of its community who had signed up to serve.
Step back in time

To sift through the digital archive of those early wartime issues page by page is to take a fascinating jorney back in time.

Browsing the war year issues, readers will find classic Macdonald College Magazine fare (The Industrial Use of Potatoes) intermingled with news about the war and, in particular, the members of Macdonald College who had enlisted.

“In the fall number of the MAGAZINE we had the honour of inscribing on its pages the names of those who had volunteered for active service in the cause of the Empire. Many of those whose names were given are now doing their part, as we knew they would, in the trenches in France, or in other capacities in keeping with their training and the necessities of war… it behooves us to realize that Macdonald Campus now has representatives in the actual theatre of war,” begins an article titled Macdonald’s Roll of Honour, published in the February-March 1915 issue.

The article captures the closeness of the small Mac community and the pride the members of the College felt for their colleagues overseas. “Not long ago the Principal received a letter from Baily, in which a very vivid account of the life with the mighty army was detailed. MacClintock has also given us, in his usual racy style, an account of things in his own sphere… We honour our boys who for the time being have discarded the pen, the test-tube and the lecture-room to don the khaki of the King, and we await with confidence their return from the field of honour, and of glory. Their sacrifices have been great; great will be their reward.”
The reality of war

Of course, the sacrifices were great.

In all, 357 members of Macdonald College served in the First World War. Thirty-four did not come home.

The October-November 1916 issue of the Magazine News carried tragic news. Three members of the Mac community had been killed in Europe – the first such losses for the College.From left to right: W.D. Ford, Julius G. Richardson and James H. McCormick were the first three members of Macdonald College to be killed in action during the First World War

W.D. Ford (BSA’13), was described as “one of the most promising men in his class,” in the Magazine’s obituary, and “one of those rare beings whose keen eyes found no difficulty in descrying the path of duty, whose inherent honesty and nobleness of character permitted him to deviate no hair’s breadth from this path.” A lance corporal in the Canadian Infantry (Eastern Ontario Regiment), Ford, was killed in action at Sanctuary Wood in Ypres on June 2, 1916.

Julius G. Richardson was also killed in Ypres, but on June 7, 1916. Richardson had put his Agriculture degree on hold to enlist, serving as private with the 24th Battalion, Canadian Infantry (Quebec Regiment). “It is difficult for us to realize that our College chum and true friend to all who knew him, will never return,” reads the obituary. “We all looked forward to his coming back to complete his course at Macdonald with us.”

A sergeant in the Princess Patricia’s Canadian Light Infantry (Eastern Ontario Regt.), James H. McCormick, was killed during the Battle of the Somme on September 15, 1916. “Probably no student who has attended this institution had any quicker insight into the intricacies of a subject than he,” says the Magazine’s obituary. “His ability to tell a good story, his jolly laugh, his willingness at all times to help a fellow student through some difficult phase of physics or chemistry, helped him win a multitude of friends, and many a happy hour was spent in his company.”

Read the Macdonald College Magazine / Journal digital archives online, including the issues spanning World War II.

Brazil Greenlights Oil Drilling Near Mouth of Amazon River Ahead of Climate Summit

Brazil Greenlights Oil Drilling Near Mouth of Amazon River Ahead of Climate Summit

Brazil Greenlights Oil Drilling Near Mouth of Amazon River Ahead of Climate Summit
October 29, 2025
Reading time: 4 minutes

Full Story: The Associated Press with files from The Mix
Author: Mauricio Savarese




Petrobras/Wikipedia



After Brazil’s government approved exploratory drilling by state-run oil-giant Petrobras near the mouth of the Amazon River, environment groups say the decision is “an act of sabotage,” coming weeks before the United Nations climate conference in Belem, COP30, where efforts to reduce the use of fossil fuels will be discussed.

The Equatorial Margin deposit off the coast of Brazil, which stretches from Brazil’s border with Suriname to a part of the country’s Northeast region, is believed to be rich in oil and gas. The biodiverse area is home to little-studied mangroves and a coral reef, and activists and experts have said the project risks leaks that could be carried widely by tides and imperil the sensitive environment. Petrobras has long argued it has never caused spills in its drillings.

The decision was made by environmental regulator IBAMA, run by the country’s environment ministry. In May 2023, that same body declined to grant Petrobras a license to drill in that region.

“After the refusal… IBAMA and Petrobras started an intense discussion that allowed a meaningful improvement of the project, especially in its structure of responding to emergencies,” the environmental regulator said in a statement.

Petrobras said in a Oct. 20 statement that the drilling could start right away and take up to five months. It requested to conduct the exploratory drilling in block FZA-M-059, which lies 175 kilometres offshore the northern Brazilian state of Amapa bordering Suriname. The company added that the exploratory well will not produce any oil.

“The approval is an act of sabotage against the COP and undermines the climate leadership claimed by President Luiz Inácio Lula da Silva,” Climate Observatory, a network of environmental organizations from Brazilian civil society, said in a press release, adding that civil society organizations would go to court over illegalities and technical failures in the licensing process.

And they did. In a lawsuit filed against Ibama, Petrobras, and the Brazilian government, eight organizations requested the annulment of the environmental license granted to the oil giant, on the grounds that the licensing process bypassed Indigenous peoples and traditional communities, had serious modeling flaws that endanger biodiversity, and ignored the project’s climate impacts.

Energy Minister Alexandre Silveira celebrated the exploration approval as a way to defend “the future of our energy sovereignty.”

“Brazil cannot give up knowing its potential,” Silveira said on his social media channels after the decision was announced. “We made a firm and technical defense (of the drilling in the region) so we can assure that the exploration takes place with complete environmental responsibility, within the highest international standards and concrete benefits for Brazilians.”

In June, Brazil auctioned off several potential land and offshore oil sites near the Amazon River, as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups.

Nineteen offshore blocks were awarded to Chevron, ExxonMobil, Petrobras and China National Petroleum Corporation. The oil companies see the area as highly promising because it shares geological characteristics with Guyana, where some of the largest offshore oil discoveries of the 21st century have been made.

This region is considered to have high potential risk due to strong currents and the proximity to the Amazon seashore. Block FZA-M-059 lies 500 kilometers (310 miles) north of the mouth of the Amazon River.

Suely Araújo, a coordinator at the Climate Observatory, a network of environmental nonprofit groups, said Brazil’s government “acts against humanity by stimulating more expansion of fossil (fuels), and betting on more global warming.”

“It also harms COP30 itself, whose most important delivery needs to be the gradual elimination of fossil fuels,” Araújo said in a statement.

President Luiz Inácio Lula da Silva pushed for more use of biofuels during his first two terms, from 2003 to 2010, but that standing waned throughout those years after huge offshore discoveries close to Rio de Janeiro state became a means of financing health, education and welfare programs. The soon-to-be 80-year-old leftist leader is widely expected to run for reelection next year.

This Associated Press story was published Oct. 20, 2025 by The Canadian Press


BlackRock-linked tokenization firm Securitize to go public via SPAC deal

BlackRock-linked tokenization firm Securitize to go public via SPAC deal


BlackRock-linked tokenization firm Securitize to go public via SPAC deal
Published Tue, Oct 28 20257:01 AM EDT

Liz Napolitano@LizKNapolitano
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Key Points
The fintech firm will merge with Cantor Equity Partners II, Inc., a blank-check company sponsored by an affiliate of Cantor Fitzgerald.
The deal values Securitize’s business at $1.25 billion in pre-money equity.
Following the merger, the combined entity Securitize Corp.’s stock will trade on the Nasdaq under the ticker symbol SECZ.


Carlos Domingo, chief executive officer of Securitize Inc., speaks during the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. Photographer: Michael Nagle/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images


Securitize, the “real world assets” platform that powers BlackRock’s tokenized money market fund, will go public through a merger with a special purpose acquisition company, CEO Carlos Domingo told CNBC in an exclusive interview.

The fintech firm will merge with Cantor Equity Partners II, Inc., a blank-check company sponsored by an affiliate of Cantor Fitzgerald that trades under the CEPT ticker. The deal values Securitize’s business at $1.25 billion in pre-money equity.


“Tokenization is what everybody’s talking about … but there’s nobody publicly traded that does it,” Domingo told CNBC. “We will do well in the public market because people want to index themselves to tokenization the same way that people are buying Circle because they want to index themselves to stablecoins.”

Tokenization refers to the registration of ownership rights to real-world assets such as stocks, bonds or gold on a blockchain. The process enables more transparent and around-the-clock trading versus traditional methods, according to its proponents — among whom are Robinhood Markets CEO Vlad Tenev and BlackRock CEO Larry Fink.

Following the merger, the combined entity Securitize Corp.’s stock will trade on the Nasdaq under the ticker symbol SECZ. Shares could begin trading on the exchange as soon as January, according to Domingo.

The company will book $465 million in gross proceeds from the deal. That includes $225 million from private investors including Borderless Capital and Hanwha Investment, and $240 million in the SPAC’s trust account, assuming no redemptions.
RWA tokenization takes off


The deal comes as tokenized RWAs boom. The combined market value of tokenized U.S. Treasurys has climbed to roughly $8.6 billion as of writing time, up more than 200% over the past year, according to data provider RWA.xyz.


The RWA tokenization market as a whole has ballooned 135% over the past year and is now worth $35 billion, the data shows. Citi analysts see massive growth for the tokenized RWA market, saying it could grow to almost $4 trillion by 2030.

That positions Securitize — which Domingo says has been profitable in recent quarters — to jump into the fray of firms aiming to capitalize on growing demand for digital assets. Earlier this year, Circle debuted on the New York Stock Exchange, raising about $1.1 billion in its blockbuster IPO. Cryptocurrency exchanges Gemini and Bullish also went public earlier in 2025.

Tapping public markets will create winners and losers as the digital asset space continues to grow and mature, Domingo added.

“The crypto industry needs to consolidate,” he said. “If you’re publicly traded and you have access to stock capital markets as well as cash, you can be on the side that is consolidating and not be consolidated by somebody else.”
‘A better ledger’


Founded in 2017, Securitize has facilitated several large financial firms’ first forays into tokenized funds.

In March 2024, BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain in partnership with Securitize, enabling qualified investors to digitally hold U.S. Treasurys and earn yield. The firm has also tokenized more than $4 billion in assets through partnerships with Apollo, Hamilton Lane, KKR and VanEck on their tokenized funds.

Securitize is the largest tokenization platform, dominating 20% of the RWA tokenization market, per RWA.xyz.

The company plans to also digitize its own equity, a move designed to demonstrate how the public company process and trading can move on-chain, Domingo told CNBC. The executive sees a future in which everything is brought on-chain.

“There’s $400 trillion out there of assets that could potentially be tokenized,” Domingo said. “It’s an upgrade … within the next five to 10 years, you will see everything will be on-chain, because it’s just a better ledger.”

Gemini - Introducing temporary chats and new data controls

Save money by buying a private jet - for the wealthy

 

White private jet on a runway during the day

Markus Mainka/Adobe Stock

Don’t cry because you’re not going to Aspen this year, smile because a ski family might avoid paying some taxes by flying there privately. Bloomberg reported yesterday that ultra-wealthy Americans are taking full advantage of a new rule in the One Big Beautiful Bill Act that allows them to completely write off certain high-value assets.

ICYMI: President Trump’s landmark legislation expanded a tax break known as bonus depreciation, which now lets business owners deduct 100% of certain purchases from their taxable income. Eligible splurges include yachts, cars, racehorses, and private jets—as long as they’re used for business more than half of the time. Demand is climbing:

  • Sales of private jets are up by 11% from this time last year, according to data from the jet broker Global Charter.
  • Horse sales at the world’s largest thoroughbred auction in Kentucky grew by 24% last month compared to 2024.

Gas stations and car washes also qualify. Sales of these establishments spiked after Trump temporarily expanded bonus depreciation in 2017. One entrepreneur told Bloomberg that he avoided millions of dollars in taxes by buying several car washes, which offset income from the sale of his family business.

Looking ahead…this rule will cost the IRS $363 billion in lost revenue over the next decade, according to estimates by Congress’s Joint Committee on Taxation.—ML

Weapons startup Anduril worth $14b after latest funding round

Weapons startup Anduril worth $14b after latest funding round


Weapons startup Anduril worth $14b after latest funding round
Anduril won a contract this year with the US Air Force to create uncrewed fighter jet prototypes.

Anduril
ByMatty Merritt
August 8, 2024

• less than 3 min read


It’s like no one even bothered to watch the latest Mission: Impossible movie. The AI weapons startup Anduril Industries, named after the sword used by The Lord of the Rings character Aragorn, is now worth $14 billion after a new funding round.

Founded by Palmer Luckey, the guy who also started the company that lets you virtually powerwash a digital driveway, Anduril’s goal is to disrupt defense giants with new technologies. The startup plans to use the $1.5 billion it raised in the latest funding round to build a manufacturing platform called Arsenal-1 that can churn out autonomous weapons systems much faster than is currently possible.Anduril won a contract this year with the US Air Force to create uncrewed fighter jet prototypes, beating out Lockheed Martin, Boeing, and Northrop Grumman.
The startup is justifying its “hyper-scale” plans with its prediction that the US would run out of munitions in about eight days if it were to enter a global war, specifically against China. Some experts warn that the claim only serves to fan the flame of conflict.

What else can we do with artificial int—oh, more weapons. Microsoft and Palantir—another startup named after an object from LOTR—announced yesterday they are partnering to provide AI services to US defense and intelligence agencies.

How to Stop Spam Calls with VoIP.ms: Smart Call Blocking Tips - VoIP.ms Blog

How to Stop Spam Calls with VoIP.ms: Smart Call Blocking Tips - VoIP.ms Blog

Sales Support Log in

Products

How to Stop Spam Calls with VoIP.ms: Smart Call Blocking Tips24 June 2025Tags: Features, Use Case

You’re at home relaxing or busy at work when the phone rings from an unknown number. You answer, thinking it might be important, but surprise: it’s a spam call.

These unwanted, often automated calls are usually designed to trick you into giving away personal information, sending money, or buying something.

They may come as robocalls, with pre-recorded messages, or spoofed calls, where the caller disguises their number to appear more trustworthy.

Spam calls have become so widespread that countries like Canada have launched campaigns to help people avoid them.

The Canadian Radio-television and Telecommunications Commission, for instance, advises users to register their residential, wireless, fax, or VoIP number on the National Do Not Call List (DNCL).

Fortunately, VoIP technology offers effective tools to block spam calls. Features like Interactive Voice Response (IVR) can act as a smart robocall filter, helping you stop spam before it reaches you.

Demolition President

 

The facade of the East Wing of the White House is demolished by work crews on October 20, 2025 in Washington, DC. The demolition is part of U.S. President Donald Trump’s plan to build a ballroom reportedly costing $250 million on the eastern side of the White House. (Photo by Kevin Dietsch / Getty Images.)

Demolition President

by William Kristol

In October 1943, the British Parliament debated the rebuilding of the House of Commons, which had been destroyed a couple of years before in the Blitz. Against others who favored using a more modern, semicircular design—more like that of many other parliaments—Prime Minister Winston Churchill made the case for preserving the original shape of the Commons.

Part of Churchill’s argument was simply the case for honoring tradition. But Churchill also argued that the original, rectangular layout of the House, with benches facing each other in close proximity, encouraged vigorous and direct debate between the parties. And he claimed that the small size of the House, with not enough seats for every member, created a sense of intimacy and urgency for the discussion, especially during important moments.

How much did all this matter? Well, as Churchill said: “We shape our buildings; thereafter they shape us.”

Eighty-two years later, the president of the United States is reshaping the White House. In July, Donald Trump announced he wanted to add a 90,000-square-foot ballroom to the existing building. The ballroom would dwarf the 55,000 square feet footprint of the main part of the White House. Still, Trump assured one and all, “It won’t interfere with the current building. It’ll be near it but not touching it—and pays total respect to the existing building.”

It turns out Trump was lying. Shocking, I know. Yesterday, construction workers began the demolition of part of the East Wing in order to build a new, Mar-a-Lago-like ballroom.

Trump hasn’t gotten approval for this project from the National Capital Planning Commission, which regulates the construction of federal buildings. The Trump-appointed head of the commission, Will Scharf—who, conveniently, is also the White House staff secretary—said during the only public meeting about the matter that the board has no jurisdiction over demolition or site preparation.

While Trump is proud of his new ballroom, others in the administration seem touchy. The Wall Street Journal reported last night that the Treasury Department instructed employees not to share images of the demolition, after photos of construction equipment dismantling the front of the building made their way online.

It’s unclear what legal authority the Treasury Office of Public Affairs has to tell employees what photos they can take during their lunch break. But why would that matter to the Trump administration?

In any case, Trump—aided and abetted by all the corporations and wealthy donors who have contributed money to his project—will presumably be able to do as he pleases. And perhaps it’s foolish to object. If we’re going to transition under Trump’s rule from a (mostly) dignified democratic republic to an ostentatious oligarchic autocracy, our buildings should reflect and reinforce that progress. After all, we shape our buildings; thereafter they shape us.

Canada weighs F-35 and Gripen fleet - Gripen seems obvious

Canada weighs F-35 and Gripen fleet, seeks industrial return

Canada delays F-35 decision as Ottawa weighs Gripen option and industrial return
ByClement Charpentreau
October 19, 2025, 14:44 (UTC +3)
24 commentsDefenseSoos Jozsef / Shutterstock.com






Canada’s long-delayed F-35A fighter jet program is facing renewed uncertainty as Prime Minister Mark Carney’s government weighs whether to proceed with its planned fleet of 88 aircraft from Lockheed Martin or diversify toward a mixed fleet that could include Saab’s Gripen E.

The Liberal government first announced in March 2025 that it would “review” the purchase, citing heightened trade and diplomatic tensions with the United States. The move came as Canada was entering an election campaign.

Following his re-election, Carney has advocated for greater “diversification” in Ottawa’s defense and industrial partnerships. That stance was underscored by a new defense and trade cooperation framework signed with the European Union in June 2025.
Decision still pending

Canada’s F-35 saga dates back to July 2010, when then-Prime Minister Stephen Harper’s Conservative government announced plans to buy 65 F-35As for CAD 9 billion ($6.5 billion), arguing the aircraft was essential for national defense and Arctic sovereignty.

The decision quickly drew controversy. During the 2015 election, Liberal leader Justin Trudeau vowed to cancel the sole-source deal, accusing the Conservatives of bypassing competition and committing to an “unnecessary and expensive fighter.” After taking office, Trudeau’s government confirmed it would seek alternatives.

That pledge led to the launch of the Future Fighter Capability Project (FFCP) in 2017, an open competition to replace the CF-18s. Several manufacturers initially participated, including Boeing with the F/A-18 Super Hornet, Dassault Aviation with the Rafale, and Airbus with the Eurofighter Typhoon.

Dassault withdrew in 2018, citing interoperability and security concerns linked to Canada’s participation in the Five Eyes intelligence alliance, while Airbus followed in 2019, arguing the competition’s terms favored Lockheed Martin. In 2021, Boeing’s Super Hornet bid was also disqualified for undisclosed reasons.

In 2022, the Department of National Defence selected the F-35A over Saab’s JAS 39 Gripen E/F, and Ottawa formally notified an initial order for 16 aircraft in January 2023. However, the remainder of the 88-jet fleet remains unconfirmed.

A final decision was initially expected by the end of the summer, yet Carney’s office has not announced any outcome. While the RCAF remains firmly in favor of the F-35, key cabinet figures, including Minister of Industry Mélanie Joly, have raised concerns about the contract’s economic balance.


RELATED
US warns Canada of ‘serious consequences’ if F-35 deal collapses
Military urges urgency

During a recent parliamentary hearing, Deputy Minister of National Defence Stefanie Beck defended the F-35 acquisition, arguing that fifth-generation capabilities are essential to maintain parity with adversaries.

“It is impossible to underestimate the importance of having fifth-generation aircraft because that is what our adversaries have,” Beck said, pointing to Russia’s Su-57 and China’s J-20 and J-35 fighters.

RCAF Commander General Jamie Speiser-Blanchet echoed that warning, noting that both countries field advanced aircraft and high-speed missile systems. “It is urgent to transition to a new fleet of fighters,” she said.
Economic pressures mount

Despite military backing, the F-35’s ballooning costs remain contentious. A 2024 report from the Office of the Auditor General of Canada (OAG) estimated that the total acquisition cost had increased by at least 46% since 2022, reaching CAD 27.7 billion ($20 billion).

Joly has since pressed Lockheed Martin to provide additional industrial benefits or risk seeing the order scaled down.

“Ottawa could obtain further commitments from Lockheed Martin in exchange for maintaining the 88-fighter contract,” Joly said in an interview on October 12, 2025. “Otherwise, the government could procure fewer F-35s and complement them with Gripen Es assembled in Canada.”

Joly added that her priority was ensuring taxpayers’ money “reduces dependence on the United States and creates jobs in Canada.”
Debate over a mixed fleet

The proposal to split procurement between the F-35 and Gripen faces strong resistance from defense officials. According to a study cited by Reuters in August 2025, the military warned that maintaining two fighter fleets would be “inefficient from an operational standpoint.”

Joly dismissed that view, arguing that “all G7 countries have mixed fleets” and that Canada should pursue a similar model.

“My objective is to obtain more industrial value from Lockheed Martin while continuing discussions with Saab,” Joly concluded.

Canada and Sweden signed a major aerospace and defence partnership in August 2025, with Ottawa and Stockholm pledging joint research, technology development, and industrial cooperation. The agreement emphasised Arctic security as a shared priority amid rising Russian activity and alliance realignments in the High North.

Our House Was a Very, Very, Very Fine House





Our House Was a Very, Very, Very Fine House
Trump views the physical history of the White House much as he views the nation’s laws: something to be swept aside at will.



WILLIAM KRISTOL, ANDREW EGGER, CATHY YOUNG, AND JIM SWIFT

OCT 23

READ IN APP

The applications have been received, and the new-look Pentagon press—representatives of those publications that were willing to sign Pete Hegseth’s document of standards for state-approved journalism—is in. Gone are all the major news outlets, all the trade publications, even most of the old-school conservative media. In their place will be a motley crew of right-wing content creators and Trump-worshiping streamers: Real America’s Voice, Mike Lindell’s Lindell TV, the Gateway Pundit, the Post Millennial, RedState, and Tim Pool’s TimCast.

What kind of coverage should we expect from this hot new crew? Pool offers a clue: “Our access is mostly for general inquiries and interviews,” he said in a statement. “Should a story, for some reason, end up in our laps that may put us at odds with the Pentagon’s press policy, we will always prioritize the public’s right to know and transparency. However, given that we are not investigative reporters, we don’t expect to find ourselves in these circumstances.” Which is, of course, the whole point. Happy Thursday.



U.S. President Donald Trump shows a rendition of the East Wing of the White House currently being demolished to build a ballroom as he meets with NATO Secretary General Mark Rutte in the Oval Office on October 22, 2025. (Photo by JIM WATSON / AFP via Getty Images.)
The Asbestos Wing

by William Kristol

Here in Washington yesterday, a fine new organization, the Society for the Rule of Law, held a conference on . . . the rule of law. The panel discussions were well attended, the speakers’ remarks excellent, the mixing and mingling at the reception afterwards was lively. The takeaway: One shouldn’t underestimate the speed and thoroughness of the Trump administration’s assault on the rule of law.

Meanwhile, just over a mile away, it was becoming obvious that one shouldn’t underestimate the speed and thoroughness with which the Trump administration was demolishing the entire East Wing of the White House. It’s expected to have disappeared into the literal dustbin of history by this weekend.

You’ll be shocked to learn that in this instance, as in so many others, Trump is breaking a promise. He had said in July that the existing White House wouldn’t be touched by his ballroom construction. “It won’t interfere with the current building. It’ll be near it but not touching it. And pays total respect to the existing building, which I’m the biggest fan of.”

But that pledge by the President is no longer operative. Why not? Well, Trump explained yesterday, the East Wing “was never thought of as being much. It was a very small building.”

Very small is bad. Very big is good. And so Donald Trump decided that the small old East Wing would be summarily replaced by a big new ballroom.

What, you ask, will that grand structure be called? Did you have to ask? According to the pledge agreement sent to donors, they’ll be contributing to the construction of ”The Donald J. Trump Ballroom at the White House.”

The donors seem happy to help. The defense contractor Lockheed Martin is among the companies reported to have pledged at least $10 million. That sum is close to what the company spent in all of 2024 on federal lobbying. Lockheed, which takes in tens of billions in dollars of federal contracts, knows where its bread is buttered—and who in this day and age is doing the buttering. As Jalen Drummond, vice president of corporate affairs, said, “Lockheed Martin is grateful for the opportunity to help bring the President’s vision to reality and make this addition to the People’s House a powerful symbol of the American ideals we work to defend every day.”

The “addition to the People’s House” will cover 90,000 square feet and will dwarf the main White House.

Perhaps that’s appropriate. That old and sedate building was fit for an older Republic governed by the old-fashioned rule of law. But as the presentations at yesterday’s conference emphasized, it’s by no means clear that we still have such a government.

Abraham Lincoln captured the spirit of that old republican government in impromptu remarks to soldiers of the One Hundred Sixty-sixth Ohio Regiment, who stopped in front of the White House on August 22, 1864 on their way home from the war. Lincoln explained why the fight was necessary:


It is not merely for today, but for all time to come that we should perpetuate for our children’s children this great and free government, which we have enjoyed all our lives. . . . I happen temporarily to occupy this big White House. I am a living witness that any one of your children may look to come here as my father’s child has.

That was Lincoln.

Trump, on the other hand, as he sat Tuesday at his desk in his newly gilded Oval Office, looking out on his paved-over Rose Garden, not far from where he plans to build his new imitation of the Arc de Triomphe, said this: “We can never let what happened in the 2020 election happen again. We just can’t let that happen. I know Kash is working on it, everybody is working on it. And certainly Tulsi is working on it. We can’t let that happen again to our country.”

Unlike Lincoln, Donald Trump doesn’t seem to imagine himself a mere temporary inhabitant of the building in which he resides. He apparently doesn’t intend to allow for the defeat of the incumbent administration, and a peaceful transfer of power, in November, 2028.

But at least we’ll be allowed to watch Trump celebrating his triumph over the old republic along with his wealthy enablers in his palatial new ballroom.


Get Morning Shots every weekday:
Join

Proton Mail’s mobile apps just got their biggest upgrade in nearly a decade.

 


Proton Mail’s mobile apps just got their biggest upgrade in nearly a decade. We rebuilt them from the ground up to be faster, smoother, and more reliable — even offline. And, for the first time, iOS and Android are fully in sync, with the same features and updates arriving side by side. It’s a major step forward for the world’s most widely used encrypted email service.

In this newsletter, you’ll find the highlights from the new Proton Mail apps, plus other recent updates to Proton Calendar and Proton Mail.

Proton Mail, rebuilt for speed

The new, completely redesigned Proton Mail apps for iOS and Android deliver faster and more reliable performance, even if you have to go offline.

  • Everything at your fingertips: A clean new design makes it easier to navigate, with key actions like composing within easier reach.
  • Performance that keeps up: Routine actions, like scrolling your inbox, archiving threads, or replying on the go, all feel instant and are now twice as fast.
  • Offline mode: Read, write, and organize your emails without an internet connection. Sync happens automatically when you’re back online.

Behind the scenes, our Android and iOS apps now share roughly 80% of their code, which means faster development and updates that land within the same release window across both platforms.

Get Proton Mail for iOS
Get Proton Mail for Android

Secure your account with 2FA security keys

You keep important moments of your life in your Proton Account. Whether it’s bank statements you receive in Proton Mail or events you set up in Proton Calendar, your data deserves to be protected.

You can now secure your account with hardware security keys for two-factor authentication (2FA) across the Proton Mail and Calendar apps on all platforms. This ensures only you can access your account using a physical device that you own.

To add a security key, go to SettingsAccount and passwordTwo-factor authentication.

Learn more about hardware security keys

More ways to manage your schedule

Proton Calendar is now available on iPad and also comes with a new compact widget. You can check your schedule at a glance from your home screen and stay on top of events wherever you are.

Get Proton Calendar for iOS

More ways to send with Proton Mail

Your plan now includes SMTP Submission. This lets you send emails directly from external apps and devices — like a printer, smart home setup, or WordPress blog — using Proton Mail’s trusted IPs and anti-spam protections.

Learn more about SMTP Submission

Follow the latest Proton news and privacy tips

Tweet from Proton Mail

Proton helps make protecting your privacy easy. Follow us on Twitter/X to stay updated about our newest feature releases, read the latest privacy news, and get online security tips. You can also join the discussion on Reddit to get in-depth insights directly from our team. If you have ideas about what you’d like to see next in the Proton ecosystem, visit UserVoice to let us know what you’d like us to do next.

Thank you for supporting Proton. With your feedback, we’re building a faster, more powerful, and more private internet.

Stay secure,
The Proton Team