Ryan McMorrow

The Iranian ship will not be where it was if we had not invited it to talk part in our Milan exercise. We were the hosts. I am told that as per protocol for this exercise ships cannot carry any ammunition. It was defenceless. The Iranian naval personnel had paraded before our president . The attack by the US submarine was premeditated as the US was aware of the Iranian ship’s presence in the exercise to which the US navy was invited but withdrew from participation at the last minute, presumably with this operation in mind. The US has ignored India’s sensitivities as the ship was in these waters because of India’s invitation. We are far from politically or militarily responsible for the US attack. Our“responsibility” is at a moral and human plane. A word of condolence by the Indian Navy ( after political clearance) at the loss of lives of those who were our invitees and saluted our president would be in order.

Professor Taylor will hopefully go 3 for 3 in getting his recommendations implemented by the SEC. This time, he's focused on Chinese companies who have heretofore enjoyed *truly absurd* exemptions from the insider trading/disclosure rules that American companies must follow if they want to list their stock in the US. These exemptions for Corporate China do not make our financial markets more competitive in 2025. They make our investors patsies for foreign executives who raise money here and dump inflated stock on us, because we are used to playing by American rules. We have one set of listing rules for American companies, and another set of rules for foreign companies, and foreign companies are using these rules to rip us off. If you choose to come here and use American financial or legal regimes - which are the best in the world and everyone knows it - you should have to play by American rules. Any foreign company that can't meet these high standards can keep their shares listed overseas. "Whose IPOs should we be making great again?" Kudos, Dan.