The standard

How we label what we know.

Every issue is built from the public record, and every number carries its status on its face, so a reader, or a machine, can tell evidence from estimate from interpretation without leaving the page.

Observed

Directly supported by a named public source: a filing, a settlement, a company report, a published price.

Axiom estimate

Modeled from stated assumptions. The inputs are shown, the load-bearing figure is flagged, and you can replace it with your own.

Axiom inference

An analytical conclusion drawn from the evidence. Labeled as a read, not a measurement.

Sources are the public record: court filings, regulator settlements, and company reports. Estimates are marked as estimates and kept next to the number they describe, so a figure lifted on its own still carries its caveat. If a published number is ever wrong, the correction is public, dated, and named.

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