Features
Remis group hears thoughtful analysis of war in Ukraine
By BERNIE BELLAN It’s always interesting to hear perspectives on a story that occupies much of our attention from an individual who has first hand knowledge of that particular story.
Such was the case on August 4 during one of the regular luncheon get-togethers of the Remis lecture group at the Gwen Secter Centre when the guest speaker was Olexandr Shevchenko, a historian and interpreter who comes from Ukraine himself.
Shevchenko is also a part-time lecturer at the University of Winnipeg, where he has taught courses on Russian history and European Power Politics.
While you’d have to be oblivious to world events not to be aware of what’s been happening in Ukraine since the Russian invasion, which began on February 24, listening to Shevchenko putting things into a very broad perspective certainly helped those who were at the luncheon gain a much deeper understanding of how events were set on a collision course long ago – and which ultimately led to Russia’s totally unjustified invasion of a neighbor country.
Shevchenko’s talk was titled “Can democracy defend itself?” By looking back at certain key events that are often overlooked when one is fixated on the day to day events of the war such as what atrocities have the Russians committed lately? he was able to help audience members obtain a better understanding how Vladimir Putin could come to think that he could invade Ukraine with few consequences.
A pivotal event – and one that is hardly ever mentioned in coverage of the Russian invasion, according to Shevchenko, was the war in Georgia in 2008, when Russian troops entered into the former Soviet republic of Georgia on the side of the self-proclaimed republics of South Ossetia and Abkhazia. Russia has occupied parts of Georgia ever since.
At the time though, much of the world’s attention had turned to the severe economic recession prompted by the collapse of the sub-prime mortgage market in the United States and the ensuing deep dives that stock markets took around the world, leading to a prolonged economic crisis that lasted well into 2009.
It was also the year of the election of Barack Obama, Shevchenko noted. One of the first things Obama did when he was elected, Shevchenko observed, was call for a “reset” of relations with Russia. Shevchenko, I don’t think you’d be surprised to learn, was rather dismissive of President Obama.
Russia had already been laying the groundwork for an effort to restore its past dominance of Eastern Europe, but when its invasion of Georgia barely caused a ripple among the international community, the table was set for further aggressive behaviour, Shevchenko explained.
“Russia does not consider itself bound by the dissolution” of the Soviet Union in 1991,” he said. Thus, when it invaded the independent republic of Georgia in 2008, the lesson garnered from that, according to Shevchenko, was “anything goes.”
The next domino to fall in the cascading series of dominos that led up to this year’s invasion of Ukraine occurred in 2014, when a pro-Soviet president in Ukraine, Viktor Yanukovych, resigned as a result of a series of protests by Ukrainians who were in favor of closer ties with the European Union. In February 2014 Russian troops occupied Crimea. Shortly thereafter pro-Russian separatist forces began fighting Ukrainian forces in the eastern Ukrainian provinces of Donetsk and Lukansk, aided by Russian troops.
Rather than take aggressive action though, Shevchenko said that had the Russians done nothing, “Ukrainians would have squabbled among themselves,” thus leading to disunity. Instead the occupation of Crimea and the arming of separatists in the eastern provinces hardened Ukrainian nationalism.
In 2019 Vlodomyr Zelensky was elected president of Ukraine when he headed a party known as the “Servant of the People Party.” In Shevchenko’s opinion, the party was made up of “extreme dreamers.”
“In some respects, Ukrainians electing a former comedian might have sent the wrong message to the Russians,” Shevchenko observed.
While Zelensky was hardly taken seriously by other world leaders, viz. Donald Trump’s attempt to manipulate him into saying that Hunter Biden had been engaged in corrupt business activities in Ukraine, Ukrainian themselves were hardly united in opposing Russian attempts to influence the course of Ukrainian history at that point.
Shevchenko told this joke to illustrate his point:
“Question: What is one Ukrainian?
“Answer: “A fighter.
“Question: What are two Ukrainians?
“Answer: A fighting unit.
“Question: What are three Ukrainians?
“Answer: A fighting unit with one traitor in it.”
The Russian invasion of Ukraine on February 24 was modeled after the Soviet invasion of Czechoslovakia in 1968, Shevchenko observed. The notion was that it would be fairly easy to topple the Ukrainian government and replace pro-democracy officials with Russian acolytes.
Unfortunately for Putin, things didn’t turn out the way he envisioned, but the consequences of the Russian invasion are likely to be felt around the world for years to come, Shevchenko predicted.
“We’re quite likely to see a bunch of regional wars around the world,” as the foundations of the world order that were established after World War II come undone – and stronger states feel empowered to attack weaker ones, he suggested.
Returning to the title of his talk, Shevchenko asked: “If democracy is defeated in Ukraine, what message does it say to the rest of the world?”
The answer, he said, is “it’s best to seek accommodation with your neighbours.”
As far as world organizations are concerned, Shevchenko said, “the UN is a joke. One of its primary purposes is the prevention of aggressive wars.” It wasn’t very effective in stopping Russia’s invasion, was it?
Further, Shevchenko asked: “Can a democracy defend itself?”
The answer, he suggested, was that “if it starts acting on real problems” and concerns itself “with the security and well being of its citizens,” then it can defend itself. (As an aside though, I have to admit that Shevchenko’s example of a democracy digressing from concerning itself with real problems was the debate over whether Portage and Main should be open to pedestrians. I wonder whether he might have been able to find a better example.)
Continuing in the vein of opportunities that were missed earlier to send a strong message to Russia that aggression toward its neighbours would not be tolerated, Shevchenko observed that another missed opportunity came when Turkey applied to join the European Union (a process that has been ongoing for years).
“Acceptance of Turkey into the European Union could have sent a message to the Muslim world,” Shevchenko suggested, that a state can be both democratic and Muslim.
Answering questions from attendees at the luncheon, Shevchenko was asked how long he thought the current war will go on?
There may be a “window of opportunity” this fall, he answered. Certainly, if it drags on there will be another opportunity when the US holds mid-term elections in November, he added (without quite explaining why).
But what if Russia emerges victorious – or at least claims to have achieved victory? What then? Shevchenko was asked.
“Could we have a puppet Ukraine?” “Possibly,” was the answer. But, would that lead to a more “docile” Russia? he wondered.
“I seriously doubt it,” Shevchenko said, answering his own question. “Who’s next? Finland? Poland?”
There are three possible outcomes to the fighting, Shevchenko explained:
“One shot in the Kremlin could end it all.
“Stalemate.
“The defeat of Ukraine”
(Shevchenko did not describe a scenario in which Ukraine beats back the Russians.)
Finally, Shevchenko offered this novel observation about which country’s behaviour might affect the long-term outcome of the war in Ukraine the most: the United Kingdom.
“What worried me the most from the beginning were the actions of the U.K. government,” Shevchenko said (without explaining why he was focusing on the U.K. rather than say Germany, which seems to be far more vulnerable to Russian threats than other European countries).
“What will happen in the upcoming winter” (when gas supplies could very well run short throughout Europe)? Shevchenko asked.
“The population may say ‘Wrap it up. We can’t have it any more.’ “
Really though, that’s what Putin is counting on, isn’t he – that European unity will evaporate and support for Ukraine will diminish to the point where he will achieve at least some of his original goal of disassembling the Ukrainian state.
So much to ponder. Olexandr Shevchenko certainly gave his audience something to think about – at a time when discussion of the war in Ukraine doesn’t usually occupy typical lunchtime conversations, does it?
Features
Israel Has Always Been Treated Differently
By HENRY SREBRNIK We think of the period between 1948 and 1967 as one where Israel was largely accepted by the international community and world opinion, in large part due to revulsion over the Nazi Holocaust. Whereas the Arabs in the former British Mandate of Palestine were, we are told, largely forgotten.
But that’s actually not true. Israel declared its independence on May 14,1948 and fought for its survival in a war lasting almost a year into 1949. A consequence was the expulsion and/or flight of most of the Arab population. In the immediate aftermath of the Second World War, millions of other people across the world were also driven from their homes, and boundaries were redrawn in Europe and Asia that benefited the victorious states, to the detriment of the defeated countries. That is indeed forgotten.
Israel was not admitted to the United Nations until May 11, 1949. Admission was contingent on Israel accepting and fulfilling the obligations of the UN Charter, including elements from previous resolutions like the November 29, 1947 General Assembly Resolution 181, the Partition Plan to create Arab and Jewish states in Palestine. This became a dead letter after Israel’s War of Independence. The victorious Jewish state gained more territory, while an Arab state never emerged. Those parts of Palestine that remained outside Israel ended up with Egypt (Gaza) and Jordan (the Old City of Jerusalem and the West Bank). They were occupied by Israel in 1967, after another defensive war against Arab states.
And even at that, we should recall, UN support for the 1947 partition plan came from a body at that time dominated by Western Europe and Latin American states, along with a Communist bloc temporarily in favour of a Jewish entity, at a time when colonial powers were in charge of much of Asia and Africa. Today, such a plan would have had zero chance of adoption.
After all, on November 10, 1975, the General Assembly, by a vote of 72 in favour, 35 against, with 32 abstentions, passed Resolution 3379, which declared Zionism “a form of racism.” Resolution 3379 officially condemned the national ideology of the Jewish state. Though it was rescinded on December 16, 1991, most of the governments and populations in these countries continue to support that view.
As for the Palestinian Arabs, were they forgotten before 1967? Not at all. The United Nations General Assembly adopted resolution 194 on December 11, 1948, stating that “refugees wishing to return to their homes and live at peace with their neighbours should be permitted to do so at the earliest practicable date, and that compensation should be paid for the property of those choosing not to return and for loss of or damage to property which, under principles of international law or equity, should be made good by the Governments or authorities responsible.” This is the so-called right of return demanded by Israel’s enemies.
As well, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) was established Dec. 8, 1949. UNRWA’s mandate encompasses Palestinians who fled or were expelled during the 1948 war and subsequent conflicts, as well as their descendants, including legally adopted children. More than 5.6 million Palestinians are registered with UNRWA as refugees. It is the only UN agency dealing with a specific group of refugees. The millions of all other displaced peoples from all other wars come under the auspices of the UN High Commissioner for Refugees (UNHCR). Yet UNRWA has more staff than the UNHRC.
But the difference goes beyond the anomaly of two structures and two bureaucracies. In fact, they have two strikingly different mandates. UNHCR seeks to resettle refugees; UNRWA does not. When, in 1951, John Blanford, UNRWA’s then-director, proposed resettling up to 250,000 refugees in nearby Arab countries, those countries reacted with rage and refused, leading to his departure. The message got through. No UN official since has pushed for resettlement.
Moreover, the UNRWA and UNHCR definitions of a refugee differ markedly. Whereas the UNHCR services only those who’ve actually fled their homelands, the UNRWA definition covers “the descendants of persons who became refugees in 1948,” without any generational limitations.
Israel is the only country that’s the continuous target of three standing UN bodies established and staffed solely for the purpose of advancing the Palestinian cause and bashing Israel — the Committee on the Exercise of the Inalienable Rights of the Palestinian People; the Special Committee to Investigate Israeli Practices Affecting the Human Rights of the Palestinian People; and the Division for Palestinian Rights in the UN’s Department of Political Affairs.
Israel is also the only state whose capital city, Jerusalem, with which the Jewish people have been umbilically linked for more than 3,000 years, is not recognized by almost all other countries.
So from its very inception until today, Israel has been treated differently than all other states, even those, such as the Democratic Republic of Congo, Somalia, and Sudan, immersed in brutal civil wars from their very inception. Newscasts, when reporting about the West Bank, use the term Occupied Palestinian Territories, though there are countless such areas elsewhere on the globe.
Even though Israel left Gaza in September 2005 and is no longer in occupation of the strip (leading to its takeover by Hamas, as we know), this has been contested by the UN, which though not declaring Gaza “occupied” under the legal definition, has referred to Gaza under the nomenclature of “Occupied Palestinian Territories.” It seems Israel, no matter what it does, can’t win. For much of the world, it is seen as an “outlaw” state.
Henry Srebrnik is a professor of political science at the University of Prince Edward Island.
Features
Why New Market Launches Can Influence Investment Strategies
New market launches play a critical role in shaping how investors plan, diversify, and execute their financial strategies. When a company transitions from private ownership to public trading, it creates fresh opportunities for capital participation, valuation discovery, and long-term growth assessment. An upcoming IPO often attracts retail and institutional investors alike, as it offers an opportunity to invest at an early public stage. These launches influence market sentiment, sector momentum, and portfolio allocation decisions, making them an important consideration for anyone seeking to align investment strategies with evolving market dynamics. Understanding how new listings affect pricing, risk, and long-term potential helps investors make more informed, disciplined choices.
Understanding the Role of New Market Launches
New market launches introduce fresh capital, innovation, and competition into public markets. They often signal broader economic trends and provide insights into emerging sectors. For investors, these launches are more than just new tickers—they shape market behavior and strategic planning.
● Expanding Market Opportunities
New listings expand the investable universe by introducing companies that were previously inaccessible. This allows investors to explore new industries, technologies, or business models, helping diversify portfolios and reduce reliance on mature or saturated sectors.
● Price Discovery and Valuation Dynamics
Initial listings go through a price-discovery phase in which demand and supply determine valuation. This process can create short-term volatility but also offers strategic entry points for investors who understand fundamentals and market sentiment.
● Capital Flow Redistribution
When new companies enter the market, capital often shifts from existing stocks to new offerings. This redistribution can influence sector performance and temporarily affect broader indices, thereby altering portfolio allocation strategies.
● Reflection of Economic Confidence
A steady flow of new listings often reflects positive economic sentiment and business confidence. Investors monitor these signals to gauge market health and adjust their equity exposure accordingly.
● Increased Market Liquidity
New launches contribute to overall market liquidity by increasing the number of tradable shares. Increased liquidity improves price efficiency and offers investors more flexibility in executing trades.
How New Listings Shape Investor Decision-Making
Investment strategies are not static; they evolve based on market conditions and available opportunities. New market launches influence how investors assess risk, timing, and portfolio balance.
● Risk Assessment and Appetite
Newly listed companies may carry higher uncertainty due to limited public financial history. Investors must evaluate their risk tolerance and decide whether early exposure aligns with their overall strategy.
● Portfolio Diversification
Including new listings can enhance diversification by adding exposure to different revenue models or growth stages. This helps balance portfolios that may be overly concentrated in established companies.
● Short-Term vs Long-Term Strategies
Some investors seek short-term gains driven by listing momentum, while others focus on long-term value creation. Understanding this distinction helps align new investments with broader financial goals.
● Sector Rotation Strategies
New listings often emerge from high-growth sectors. Investors may rotate capital into these sectors early, anticipating future expansion and innovation-led growth.
● Behavioral Influence on Markets
Public interest and media coverage surrounding new listings can influence investor behavior. Awareness of sentiment-driven movements helps investors avoid emotional decision-making.
Evaluating New Market Launches Effectively
Not all new listings present equal opportunities. A structured evaluation framework helps investors separate strong prospects from speculative risks.
● Business Model Strength
Understanding how a company generates revenue and maintains profitability is a fundamental part of evaluating new market entrants. A well-defined business model shows how products or services create value for customers and how that value is monetized. Scalable models, diversified revenue streams, and predictable income sources often indicate stronger resilience and long-term investment potential, especially in competitive or evolving industries.
● Financial Transparency
Clear and detailed financial disclosures help investors assess a company’s overall health and risk profile. Reviewing revenue growth, operating margins, debt obligations, and cash flow stability provides insight into financial discipline and sustainability. Transparent reporting practices reflect management accountability and reduce uncertainty, enabling investors to make informed decisions based on reliable data rather than speculation.
● Competitive Positioning
A company’s ability to compete effectively within its industry is a key determinant of future performance. Investors analyze market share, differentiation strategies, pricing power, and barriers to entry to understand competitive advantages. Strong positioning suggests the company can defend its market position, withstand competitive pressures, and capitalize on emerging opportunities over time.
● Management and Governance
Leadership quality plays a crucial role in long-term value creation. Experienced executives with a track record of execution, combined with robust corporate governance structures, signal operational credibility. Transparent decision-making, independent oversight, and ethical practices help reduce risk and align management actions with shareholder interests, particularly for newly listed companies.
● Growth Sustainability
While rapid expansion can attract attention, sustainable growth is what supports lasting returns. Investors assess whether realistic assumptions, operational capacity, and consistent market demand support growth projections. Balanced expansion strategies that prioritize profitability, efficiency, and long-term planning are often viewed as more reliable than aggressive growth that strains resources or increases financial risk.
Strategic Timing and Market Conditions
The success of an upcoming IPO is closely linked to strategic timing and prevailing market conditions, which significantly influence investor response and post-listing performance. Market sentiment plays a decisive role, as optimistic, growth-driven environments often generate strong demand for new listings, supporting positive price momentum after debut. In contrast, cautious or volatile markets can suppress enthusiasm, limiting upside potential even for fundamentally strong companies. Alongside sentiment, macroeconomic factors such as interest rate trends, monetary policy direction, and fiscal measures shape capital allocation decisions. Lower interest rates generally encourage investors to seek growth opportunities through IPOs, while tighter policy conditions may dampen risk appetite. Together, timing, sentiment, and policy context form a critical framework for investors to evaluate entry strategies for upcoming IPOs.
Conclusion
New market launches have a meaningful influence on investment strategies by introducing fresh opportunities, shifting capital flows, and shaping market sentiment. From diversification and growth exposure to timing and risk management, these listings require thoughtful evaluation and disciplined execution. By understanding their broader impact and aligning participation with financial goals, investors can integrate new opportunities into well-structured portfolios while maintaining balance and long-term focus.
Features
Are Niche and Unconventional Relationships Monopolizing the Dating World?
The question assumes a battle being waged and lost. It assumes that something fringe has crept into the center and pushed everything else aside. But the dating world has never operated as a single system with uniform rules. People have always sorted themselves according to preference, circumstance, and opportunity. What has changed is the visibility of that sorting and the tools available to execute it.
Online dating generated $10.28 billion globally in 2024. By 2033, projections put that figure at $19.33 billion. A market of that size does not serve one type of person or one type of relationship. It serves demand, and demand has always been fragmented. The apps and platforms we see now simply make that fragmentation visible in ways that provoke commentary.
Relationship Preferences
Niche dating platforms now account for nearly 30 percent of the online dating market, and projections suggest they could hold 42 percent of market share by 2028. This growth reflects how people are sorting themselves into categories that fit their actual lives.
Some want a sugar relationship, others seek partners within specific religious or cultural groups, and still others look for connections based on hobbies or lifestyle choices. The old model of casting a wide net has given way to something more targeted.
A YouGov poll found 55 percent of Americans prefer complete monogamy, while 34 percent describe their ideal relationship as something other than monogamous. About 21 percent of unmarried Americans have tried consensual non-monogamy at some point. These numbers do not suggest a takeover. They suggest a population with varied preferences now has platforms that accommodate those preferences openly rather than forcing everyone into the same structure.
The Numbers Tell a Different Story
Polyamory and consensual non-monogamy receive substantial attention in media coverage and on social platforms. The actual practice rate sits between 4% and 5% of the American population. That figure has remained relatively stable even as public awareness has increased. Being aware of something and participating in it are separate behaviors.
A 2020 YouGov poll reported that 43% of millennials describe their ideal relationship as non-monogamous. Ideals and actions do not always align. People answer surveys about what sounds appealing in theory. They then make decisions based on their specific circumstances, available partners, and emotional capacity. The gap between stated preference and lived reality is substantial.
Where Young People Are Looking
Gen Z accounts for more than 50% of Hinge users. According to a 2025 survey by The Knot, over 50% of engaged couples met through dating apps. These platforms have become primary infrastructure for forming relationships. They are not replacing traditional dating; they are the context in which traditional dating now occurs.
Younger users encounter more relationship styles on these platforms because the platforms allow for it. Someone seeking a conventional monogamous partnership will still find that option readily available. The presence of other options does not eliminate this possibility. It adds to the menu.
Monopoly Implies Exclusion
The framing of the original question suggests that niche relationships might be crowding out mainstream ones. Monopoly means one entity controls a market to the exclusion of competitors. Nothing in the current data supports that characterization.
Mainstream dating apps serve millions of users seeking conventional relationships. These apps have added features to accommodate other preferences, but their core user base remains people looking for monogamous partnerships. The addition of new categories does not subtract from existing ones. Someone filtering for a specific religion or hobby does not prevent another person from using the same platform without those filters.
What Actually Changed
Two things happened. First, apps built segmentation into their business models because segmentation increases user satisfaction. People find what they want faster when they can specify their preferences. Second, social acceptance expanded for certain relationship types that previously operated in private or faced stigma.
Neither of these developments amounts to a monopoly. They amount to market differentiation and cultural acknowledgment. A person seeking a sugar arrangement and a person seeking marriage can both use apps built for their respective purposes. They are not competing for the same resources.
The Perception Problem
Media coverage tends toward novelty. A story about millions of people using apps to find conventional relationships does not generate engagement. A story about unconventional relationship types generates clicks, comments, and shares. This creates a perception gap between how often something is discussed and how often it actually occurs.
The 4% to 5% practicing polyamory receive disproportionate coverage relative to the 55% who prefer complete monogamy. The coverage is not wrong, but it creates an impression of prevalence that exceeds reality.
Where This Leaves Us
Niche relationships are not monopolizing dating. They are becoming more visible and more accommodated by platforms that benefit from serving specific needs. The majority of people seeking relationships still want conventional arrangements, and they still find them through the same channels.
The dating world is larger than it was before. It contains more explicit options. It allows people to state preferences that once required inference or luck. None of this constitutes a takeover. It constitutes an expansion. The space for one type of relationship did not shrink to make room for another. The total space grew.