Economy: Here is a summary of significant articles published on ForeignAffairs.co.nz on June 10, 2025.
MIL-OSI New Zealand: Universities – Economists urge action to prevent ‘AI poverty traps’ – UoA
Source: University of Auckland (UoA) Artificial intelligence could deepen inequality and create ‘AI-poverty traps’ in developing nations, write economists Dr Asha Sundaram and Dr Dennis Wesselbaum in their paper ‘Economic development reloaded: the AI revolution in developing nations’. Sundaram, an associate professor at the University of Auckland Business School, and Wesselbaum, an associate professor at […]
MIL-OSI: CORRECTION — Payden & Rygel
Source: GlobeNewswire (MIL-OSI) LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) — In a release issued earlier today by Payden & Rygel, please note we have corrected the proper name of the Payden & Rygel municipal bond team in the headline, as well as the first and second paragraphs. The corrected release follows: Default ahead for California? […]
MIL-OSI New Zealand: Government backing rural resilience and wellbeing
Source: New Zealand Government The government is boosting support for rural resilience and wellbeing announced by Mental Health Minister Matt Doocey and Rural Communities Minister Mark Patterson. “We’re backing Rural Support Trusts by committing $3 million over the next four years, to help improve rural communities’ access to primary mental health services and specialist services,” […]
MIL-OSI USA: Senator Marshall on Newsmax: Failure Is Not an Option
US Senate News: Source: United States Senator for Kansas Roger Marshall Washington – U.S. Senator Roger Marshall, M.D. (R-Kansas) joined Wake Up America on Newsmax today to discuss President Donald Trump’s ‘One Big, Beautiful Bill’ and the violent riots in Los Angeles, California, that have erupted in response to Immigration and Customs Enforcement (ICE) doing its job to remove […]
MIL-OSI: Five Star Bank expands Bay Area presence with new office in Walnut Creek
Source: GlobeNewswire (MIL-OSI) RANCHO CORDOVA, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the planned opening of its newest office in Walnut Creek, marking a significant expansion of its Bay […]
MIL-OSI New Zealand: Legislation introduced to restrict farm-to-forest conversions
Source: New Zealand Government Today Agriculture and Forestry Minister Todd McClay introduced long awaited legislation that will put a stop to large-scale farm-to-forestry conversions – delivering on a key election promise to protect the future of New Zealand food production.“For too long, productive sheep and beef farms have been replaced by pine trees in the […]
MIL-OSI New Zealand: Keynote speech: WasteMINZ conference
Source: New Zealand Government Kia ora tatou. My warmest greetings to you all.It’s a pleasure to be here with you at this year’s WasteMINZ Conference — the flagship event for New Zealand’s waste, resource recovery, and contaminated land sectors.For over 30 years, this conference has been a space for industry leaders and innovators to come […]
MIL-OSI Security: Founder of Sexual Wellness Company “OneTaste” and Former Head of Sales Convicted of Forced Labor Conspiracy
Source: Office of United States Attorneys Defendants Nicole Daedone and Rachel Cherwitz Used Deception and Abuse to Obtain Their Victims’ Labor and Services Earlier today, in federal court in Brooklyn, a federal jury convicted Nicole Daedone, the founder and former Chief Executive Officer of OneTaste, Inc. (OneTaste), a sexual wellness education company, and Rachel Cherwitz, […]
MIL-OSI USA: Trump Accounts Will Chart the Path to Prosperity for a Generation of American Kids
US Senate News: Source: US Whitehouse Today, President Donald J. Trump joined top business leaders and lawmakers to hail the creation of “Trump Accounts” — a provision in the One Big Beautiful Bill that will create tax-deferred investment accounts for all newborn American children. Trump Accounts, which will be seeded with a one-time government contribution […]
MIL-OSI United Kingdom: UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week
Source: United Kingdom – Executive Government & Departments Press release UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week New project to make the UK a leader in AI-drug discovery, as Imperial College also partners with the World Economic Forum on AI-Driven Innovation Centre. New OpenBind consortium to make the […]
MIL-OSI: ETC Announces Fiscal 2025 Full Year and Fourth Quarter Results
Source: GlobeNewswire (MIL-OSI) SOUTHAMPTON, Pa., June 09, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the fourteen week period ended February 28, 2025 (the “2025 fiscal fourth quarter”) and the fifty-three week period ended February 28, 2025 (“fiscal 2025”). Robert L. Laurent, Jr., […]
MIL-Evening Report: Fake news and real cannibalism: a cautionary tale from the Dutch Golden Age
Source: The Conversation (Au and NZ) – By Garritt C. Van Dyk, Senior Lecturer in History, University of Waikato The Corpses of the De Witt Brothers, attributed to Jan de Baen, c. 1672-1675. Rijksmuseum The Dutch Golden Age, beginning in 1588, is known for the art of Rembrandt, the invention of the microscope, and the […]
MIL-Evening Report: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?
Source: The Conversation (Au and NZ) – By Venkat Narayanan, Senior Lecturer – Accounting and Tax, RMIT University Rudy Balasko/Shutterstock Earlier this year, I attended a housing conference in Sydney. The event’s opening address centred on the way Australia seems to be becoming like 18th-century England – a country where inheritance largely determines one’s opportunities […]
MIL-OSI: Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common Stock
Source: GlobeNewswire (MIL-OSI) MIDDLETOWN, N.Y., June 09, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed […]
MIL-OSI USA: Remarks at the Roundtable on DeFi and the American Spirit
Source: Securities and Exchange Commission Good afternoon and thank you to the panelists and attendees today for the Commission’s fifth roundtable organized by the Crypto Task Force, entitled “DeFi and the American Spirit.”[1] Reflecting on the “American Spirit” brings to mind the expedition of Merriweather Lewis and William Clark. About 220 years ago on May […]
MIL-OSI USA: Rosen-Backed Bill to Support Taiwan at IMF, Counter China Advances Through Senate Committee
US Senate News: Source: United States Senator Jacky Rosen (D-NV) Bipartisan Legislation to Strengthen U.S.-Taiwan Ties and Counter the CCP’s Economic Coercion Clears Senate Foreign Relations Committee WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) announced that bipartisan legislation she helped introduce that supports Taiwan’s participation in the International Monetary Fund (IMF) has advanced through […]
MIL-OSI USA: Welch Joins Vermont Edition to Discuss Trump’s Trade War and Taxes on Hardworking American Families
US Senate News: Source: United States Senator Peter Welch (D-Vermont) COLCHESTER, VT – U.S. Senator Peter Welch (D-Vt.) today joined Vermont Public’s Vermont Edition to discuss how harmful cuts in Republicans’ ‘Big Beautiful Bill’ to vital programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP) will hurt the economy and hardworking Americans across the […]
MIL-OSI USA: PRESS RELEASE: Democrats Demand Action on Cost-of-living Crisis, Warn That Trump’s One Big Ugly Bill Will Drive Prices Even Higher
Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44) Collegeville, PA – Today, the House Democratic Steering and Policy Co-Chairs, Congresswomen Debbie Wasserman Schultz (FL-25), Robin Kelly (IL-02) and Nanette Barragán (CA-44), led a roundtable discussion with local leaders and stakeholders impacted by the Trump Tariffs and Republican threats to cut Medicaid […]
MIL-OSI USA: Reps. David Scott, Scanlon, Frost, and Adams Introduce Legislation to Expand Student Access to Music and Arts Education
Source: United States House of Representatives – Congressman David Scott (GA-13) WASHINGTON D.C. — Today, Congressman David Scott (GA-13), alongside Congresswoman Mary Gay Scanlon (PA-05), Congressman Maxwell Frost (FL-10), and Congresswoman Alma Adams (NC-12), announced the introduction of the Reimagining Inclusive Arts Education Act. The bill expands access to music and arts education for students across the nation, particularly […]
MIL-OSI USA: Tuberville, Banks Move to Protect Americans’ Financial Data from the CCP
US Senate News: Source: United States Senator for Alabama Tommy Tuberville WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) and U.S. Senator Jim Banks (R-IN) took action to ensure Americans’ financial data is protected from exposure to the Chinese Communist Party (CCP) through popular financial trading platforms. In a letter to the Securities and Exchange Commission (SEC) […]