Corporate America takeover?

Author

Jay Lutz
June 21, 2023

Sponsored by Slave Lake Zinc

Should corporations be allowed to vote?

Delaware Democrats are pushing forward a Republican bill that would grant corporations the ability to directly participate in municipal elections, signaling a rare display of bipartisan cooperation in the aftermath of the controversial Citizens United ruling.

Delaware’s Democratic-dominated legislature is considering a measure to expand voting to include businesses. The proposed legislation specifically targets Seaford, a small city with a population of 8,000, located 20 miles north of Salisbury, Maryland.

Delaware’s reputation as a business-friendly state underpins the rationale behind the bill. If passed, corporations could significantly alter the balance of power in Seaford, where only 340 individuals participated in the most recent election held on April 15. Potentially, as many as 234 votes could be added to the tally from corporate entities.

You can read more on the matter here.

Slave Lake Zinc Corp. intends to develop the potential of its O’Connor Lake property, a historic zinc lead copper property located in the Northwest Territories of Canada. The property is located south of Great Slave Lake and to the east of Pine Point project, and consists of over 7,000 hectares of claims prospective for zinc, lithium, lead, and copper.

What’s going on?

  • French send deep diving robot to help Titanic sub search (Reuters)

  • Starwood Capital Group Considers Sale of Over 2,000 Pandemic-Bought Rental Homes (theDeepDive)

  • Household Credit Liabilities Persist Amid Slower Mortgage Growth and Rising Credit Card Debt (theDeepDive)

  • China unveils $72 billion tax break for EVs, other green cars to spur demand (Reuters)

  • Why Are Citadel, Fidelity, Charles Schwab Jumping to Crypto And Launching An Exchange? (theDeepDive)

  • Jeffrey Epstein got $300 million in US Virgin Islands tax incentives, JPMorgan says (Reuters)

  • Raytheon CEO Argues Against Decoupling From China: “There Is No Alternative” (theDeepDive)

  • FTC sues Amazon over ‘deceptive’ Prime sign-up and cancellation process (CNBC)

Sam Altman & the origins of OpenAi

The Sam Altman Story | Founder of OpenAI ChatGPT

The stock market and stuff

  • Binance Faces European Exodus as Regulatory Woes Mount (theDeepDive)

  • Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives (Bloomberg)

  • Wall St drops as Powell doubles down on inflation fight (Reuters)

  • Toronto market hits three-week low as resource shares slide (Reuters)

In the juniors

  • Mullen Automotive Declares It Won’t Conduct Another Financing In 2023 To Calm Investors (theDeepDive)

  • West Red Lake Hits 104.98 g/t Gold Over 0.4 Metres At Rowan Property (theDeepDive)

  • Trupanion drops amid California objection to rate increase (SeekingAlpha)

FULL DISCLOSURE: Slave Lake Zinc is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Slave Lake Zinc. The author has been compensated to cover Slave Lake Zinc on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.