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Blog

  • MIL-OSI United Kingdom: The UK urges all parties to show restraint and reduce tensions: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    The UK urges all parties to show restraint and reduce tensions: UK statement at the UN Security Council

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the emergency UN Security Council meeting on Iran.

    President, the Security Council meets today at a dangerous moment.

    We are deeply concerned by Israel’s strikes on sites in Iran, as well as the Iranian military action we’ve already seen in response. 

    There is a clear risk that this crisis escalates, with serious implications for peace and security across the region and beyond. 

    This is in no-one’s interests. 

    Colleagues, our first priority must be to prevent further escalation in the Middle East.

    We urge all parties to urgently step back, show restraint and reduce tensions. 

    The UK did not participate in this action. 

    And let me say clearly and unequivocally that Russia’s claims that the British sovereign bases on the island of Cyprus were in any way involved is nonsense. 

    It is deeply irresponsible at moments like this for Russia to be spreading disinformation.

    We firmly support any diplomatic efforts to return to stability.

    Today, we have spoken to Israel at the highest levels, and our Foreign Secretary has also spoken to Iranian Foreign Minister Araghchi.

    We have urged both sides to show restraint and de-escalate tensions.  

    We continue to engage partners across the region to ensure we are collectively doing our utmost to push for a peaceful outcome.

    The UK, in partnership with the E3, has always championed a diplomatic solution to address Iran’s nuclear escalation, which has no credible civilian justification. 

    We will not be deterred from this. 

    As my Prime Minister said today, we have long held concerns about Iran’s nuclear programme as documented by the IAEA. Israel also needs to protect its people and security. 

    It is therefore in the interests of all actors to stop military confrontation and pursue a negotiated solution. 

    President, this is time for a strong, united position from members of this Council. 

    We must take urgent action to de-escalate and provide an opportunity for a return to diplomacy.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

    June 14, 2025
  • MIL-OSI Russia: IMF Executive Board Completes Fourth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, First Review of an Arrangement Under the Resilience and Sustainability Facility, and Concludes 2025 Article IV Consultation with Papua New Guinea

    Source: IMF – News in Russian

    June 13, 2025

    • The Executive Board completed the Fourth Reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements for Papua New Guinea, providing the country with immediate access to about US$172 million.
    • The IMF Executive Board also completed the First Review under the Resilience and Sustainability Facility (RSF) arrangement, making available about US$28 million to support the authorities’ policies to address longer-term structural balance of payments vulnerabilities associated with climate change. Papua New Guinea is the first Pacific Island country to access the RSF.
    • The IMF-supported programs will continue to support Papua New Guinea’s homegrown reform agenda, focusing on strengthening debt sustainability, alleviating FX shortages, fostering good governance, and building climate resilience, while protecting the vulnerable and promoting inclusive and sustainable growth.

    Washington, DC: On June 13, 2025, the Executive Board of the International Monetary Fund (IMF) completed the Fourth Reviews of Papua New Guinea’s ECF/EFF arrangements and the First Review under the RSF arrangement.[1] The authorities have consented to the publication of the Staff Report prepared for this consultation.[2] The completion of these reviews allows for the immediate disbursement of SDR 121.07 million (about US$172 million) under the ECF/EFF and SDR 19.74 million (about US$28 million) under the RSF, bringing total disbursements under the programs so far to SDR 461.93 million (about US$655 million). The Executive Board also concluded the Article IV consultation with Papua New Guinea.

    The ECF/EFF arrangements with Papua New Guinea were approved by the Executive Board on March 22, 2023, in an overall amount equivalent to SDR 684.32 million (260 percent of quota) to help address a protracted balance of payments need—manifested in foreign exchange shortages—and to support the authorities’ reforms to address longstanding structural impediments to inclusive growth. The 24-month RSF arrangement, which was approved by the Executive Board on December 11, 2024, in an overall amount of SDR 197.4 million (75 percent of quota), aims to help address risks to prospective balance of payments stability associated with longer-term structural challenges posed by climate change.

    Papua New Guinea’s economic outlook remains positive as structural reforms continue to bear fruit. Notwithstanding a weakening external environment, growth is expected to increase to 4.7 percent in 2025, driven by strong growth in the resource sector and resilient growth in the non-resource sector in part thanks to improvements in access to foreign exchange. Headline inflation is expected to rise to 4.8 percent from a very low base in 2024 and core inflation is expected to edge up to 4 percent. Over the medium term, growth is expected to moderate and stabilize at just above 3 percent, supported by the non-resource sector growth, with inflation remaining anchored at around 4.5 percent.

    The outlook is subject to significant downside risks, as Papua New Guinea is vulnerable to both domestic and external shocks. These risks are exacerbated by considerable capacity constraints and socio-political fragility that limit the government’s ability to design and implement policies aimed at economic stabilization, development, and climate adaptation. Commodity price volatility, as well as other global risks arising from geopolitical conflicts, geoeconomic fragmentation, trade barriers, and supply disruptions may create additional pressure on growth and inflation. On the upside, the kickoff of major resource projects, which are not yet in the baseline scenario, could boost economic growth in the medium run, with significant gains in exports and fiscal revenues once they begin operations.

    Program performance has remained satisfactory, with the authorities displaying a sustained commitment to reforms. All but one end-December 2024 quantitative performance criteria and indicative targets under the ECF-EFF arrangements were met, and six out of eight structural benchmarks due were fully or partially implemented. One reform measure under the RSF arrangement was implemented.

    At the conclusion of the Executive Board’s discussion, Mr. Bo Li, Deputy Managing Director, and Acting Chair, made the following statement:

    “The Papua New Guinea (PNG) authorities have continued implementing their multipronged reform agenda under the Fund-supported programs, with the reforms continuing to bear fruit. Sustained commitment to these homegrown reforms will help achieve more resilient, inclusive, and greener economic growth.

    “The authorities have been successfully reducing the fiscal deficit and adopted important amendments to the Income Tax Act—a major milestone in the simplification of tax policies. Going forward, further fiscal adjustment, guided by the implementation of the authorities’ medium-term revenue strategy and supported by efforts to limit the growth of current spending and strengthen expenditure efficiency, would help to durably reduce debt vulnerabilities. Securing fiscal space for social and capital spending, engaging in prudent borrowing, and strengthening debt management capacity, including to avoid incurrence of arrears, are also essential.

    “Foreign exchange shortages continued to ease, supported by central banking reforms, increased flexibility of the Kina, and favorable external conditions. The current crawl-like arrangement remains appropriate to bring the Kina to its market-clearing rate and facilitate the return to Kina convertibility. A tighter monetary policy stance, through timely adjustments in the KFR, is needed to ensure consistency between monetary policy and the exchange rate regime. Further efforts to modernize monetary policy operations, strengthen the Bank of PNG’s liquidity management capacity, develop the interbank market, and operationalize its lender of last resort function would help to support financial sector development.

    “Further strengthening governance and addressing the remaining gaps in the anti-money laundering and countering the financing of terrorism regime are critical. Meanwhile, macro-structural reforms should focus on improving PNG’s external competitiveness and attracting foreign investment, including by removing barriers to trade, enhancing export capacity, and further diversifying the economy.

    “Reforms under the new RSF arrangement will help the authorities build resilience against climate-related risks and address structural balance of payments vulnerabilities. The recent climate finance roundtable event, which provided several concrete and innovative climate finance options, will support the authorities’ efforts to effectively scale up resources for climate action.

    “The ECF/EFF and RSF arrangements will continue to support the authorities’ homegrown reform agenda, helping address balance of payment needs and rebuild buffers, while avoiding disruptive adjustment and catalyzing support from other international partners. Timely technical assistance and advice from the IMF and other development partners will continue to underpin reform implementation.

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They commended the authorities for their commitment to keep program performance on track in a fragile socio‑political environment and welcomed positive developments in macroeconomic and fiscal indicators. Given significant downside risks and elevated external uncertainty, they stressed the importance of building buffers to preserve macroeconomic stability. They encouraged the authorities to continue to advance critical structural reforms with the support of capacity development activities.

    Directors supported the authorities’ fiscal consolidation strategy and stressed the need for continued efforts to durably reduce public debt risks, including by enhancing the rules‑based fiscal framework, strengthening debt management capacity, and maintaining a prudent borrowing strategy. They called for a continued reduction of the fiscal deficit while securing space for development spending by combining revenue mobilization efforts with improvements in expenditure efficiency and cash management. They called for a timely adoption of the amendments to the Internal Revenue Commission Act to reinforce accountability in revenue collection.

    Directors commended the progress achieved in implementing central banking reforms. They supported efforts to depreciate the Kina to its market‑clearing rate and gradually eliminate foreign exchange restrictions. They broadly concurred that a tighter monetary policy stance would help anchor inflation expectations and support the exchange rate regime, and emphasized the importance of liquidity management reforms to strengthen monetary policy transmission. They encouraged further development of the financial sector while containing financial stability risks.

    Directors encouraged the authorities to further promote good governance, law and order, proactively enhance their AML/CFT framework, allocate sufficient budget resources to the Independent Commission Against Corruption, and swiftly appoint its oversight committee members. They also emphasized the need for enhancing transparency in the financial dealings of state‑owned enterprises. 

    Directors encouraged the authorities to expedite reforms to enhance external competitiveness and help attract foreign investment, including by improving the business environment, removing barriers to trade, enhancing export capacity, reducing gender imbalances, and further diversifying the economy. Directors commended efforts to scale up climate finance and called for maintaining focus on strengthening disaster risk management, setting up fiscal incentives for fuel efficiency and forest protection, and integrating climate considerations in infrastructure governance.

    It is expected that the next Article IV consultation with Papua New Guinea will be held in accordance with the Executive Board decision on consultation cycles for members with Fund arrangements.

    Papua New Guinea: Selected Economic and Financial Indicators, 2021–2026

     
     

    Nominal GDP (2021):      

    US$26.3 billion 1/

       

    Population (2021):         

    11.8 million

       

    GDP per capita (2021):    

    US$2,217

       

    Quota:

    SDR 263.2 million

       
     
     

    2021

    2022

    2023

    2024

    2025

    2026

     

    Actual

    Actual

    Actual

    Est.

    Proj.

    Proj.

     
     

    (Percentage change)

     

    Real sector

     

     

    Real GDP growth

    -0.5

    5.7

    3.8

    3.8

    4.7

    3.5

     

    Resource 2/

    -11.6

    5.1

    1.3

    1.7

    4.7

    1.4

     

    Non-resource

    4.2

    5.9

    4.7

    4.5

    4.8

    4.2

     

    Mining and quarrying (percent of GDP)

    8.2

    8.2

    8.5

    9.9

    12.2

    13.4

     

    Oil and gas extraction (percent of GDP)

    17.1

    23.7

    18.9

    18.3

    16.4

    16.2

     

    CPI (annual average)

    4.5

    5.3

    2.3

    0.6

    4.8

    4.6

     

    CPI (end-period)

    5.7

    3.4

    3.9

    0.7

    4.0

    4.3

     
     

    (In percent of GDP)

     

    Central government operations

     

    Revenue and grants

    15.1

    16.6

    17.9

    17.0

    17.9

    18.6

     

    Of which: Resource revenue

    1.1

    3.9

    3.9

    3.5

    4.2

    4.5

     

    Expenditure and net lending

    22.0

    21.9

    22.3

    20.4

    20.5

    19.7

     

    Net lending(+)/borrowing(-)

    -6.8

    -5.3

    -4.3

    -3.4

    -2.6

    -1.2

     

    Non-resource net lending(+)/borrowing(-)

    -8.0

    -9.1

    -8.2

    -6.9

    -6.8

    -5.7

     
     

    (Percentage change)

     

    Money and credit

     

     

    Domestic credit

    15.9

    1.5

    12.1

    1.6

    3.6

    2.3

     

    Credit to the private sector

    2.5

    6.9

    14.9

    3.2

    13.4

    10.8

     

    Broad money

    13.4

    14.7

    9.9

    -6.4

    -8.5

    7.7

     
     

    (In billions of U.S. dollars)

     

    Balance of payments

     

     

    Exports, f.o.b.

    10.8

    14.6

    12.8

    13.4

    14.9

    15.1

     

    Imports, c.i.f.

    -4.4

    -5.9

    -5.4

    -4.6

    -6.1

    -6.8

     

    Current account (including grants)

    3.3

    4.6

    2.8

    5.0

    3.5

    4.2

     

    (In percent of GDP)

    12.6

    14.4

    9.1

    15.8

    10.8

    12.7

     

    Gross official international reserves

    3.2

    4.0

    3.9

    3.7

    3.0

    3.5

     

    (In months of goods and services imports)

    4.5

    5.9

    6.7

    5.6

    3.7

    4.3

     
     

    (In percent of GDP)

     

    Government debt

     

     

    Government gross debt

    52.6

    48.2

    53.9

    52.1

    50.5

    48.9

     

    External debt-to-GDP ratio (in percent) 3/

    25.0

    23.5

    27.0

    27.4

    29.7

    30.5

     

    External debt-service ratio (percent of exports)

    4.3

    2.2

    2.7

    3.4

    4.5

    5.4

     
     

    Memo Items

     

    US$/kina (end-period)

    0.2850

    0.2840

    0.2683

    0.2500

    …

    …

     

    NEER (2005=100, fourth quarter)

    91.2

    100.3

    95.3

    89.3

    …

    …

     

    REER (2005=100, fourth quarter)

    125.3

    134.6

    129.0

    119.5

    …

    …

     

    Terms of trade (2010=100, end-period)

    48.3

    70.4

    64.0

    62.7

    67.7

    66.8

     
     

    Nominal GDP (in billions of kina)

    91.6

    111.4

    110.6

    121.5

    134.9

    144.2

     

    Non-resource nominal GDP (in billions of kina)

    68.4

    75.9

    80.3

    87.3

    96.3

    101.6

     
     

    Sources: Papua New Guinea authorities; and IMF staff estimates and projections.

     

    1/ Based on period average exchange rate.

     

    2/ Resource sector includes production of mineral, petroleum, and gas and directly-related activities such as

     

    mining and quarrying, but excludes indirectly-related activities such as transportation and construction.

     

    3/ Public external debt includes external debt of the central government, the central bank, and guarantees to other entities.

     

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/en/Countries/PNG page.

    [3] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/13/pr-25197-papua-new-guinea-imf-completes-4th-rev-under-ecf-eff-1st-rev-of-arrang-under-rsf-art-iv

    MIL OSI

    MIL OSI Russia News –

    June 14, 2025
  • MIL-OSI Canada: Making more economic inroads in India

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

    June 14, 2025
  • MIL-OSI USA: Rep. Pettersen Votes Against Anti-Immigrant Legislation

    Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)

    U.S. Representative Brittany Pettersen (CO-07) voted against Republican legislation that would force our nation’s capital’s local law enforcement to cooperate with federal Immigration and Customs Enforcement (ICE) agents. This legislation is just the latest attempt by the Trump administration to weaponize law enforcement to carry out his dangerous agenda.

    “We should all be horrified by the brazen lawlessness we’re seeing from the Trump administration right now. Trump has abused his power and broken the law, arresting a congresswoman for doing her job overseeing an ICE facility, and roughing up and handcuffing a sitting United States senator for questioning the indefensible behavior of this administration.

    “Families across the country are terrified as Trump sends ICE agents into schools, churches, and even hospitals. Now, Trump is unnecessarily escalating tensions even further by deploying the military to target protestors. It is absolutely essential that we all stand up and speak out against these injustices, and that, unlike the Trump administration, we do so peacefully.

    “I will continue to use my position to support all innocent, law-abiding people who are part of the fabric of our communities in Colorado. I unequivocally stand against using state and local law enforcement to carry out this administration’s immoral and dangerous anti-immigrant agenda, including defying court orders, skirting due process, and deporting people who are here lawfully, even US citizens. 

    “I proudly helped pass legislation in the state house to ensure Colorado’s law enforcement agencies aren’t an extension of ICE. And just this week I voted against Republicans’ attempt to force DC law enforcement to coordinate with ICE officials.

    “Our country desperately needs comprehensive immigration reform to keep our border secure and create an orderly and safe immigration process that treats people who come to this country with dignity. I will continue to use my position in Congress to speak out against the injustices of this administration and stand up to Donald Trump’s worst impulses.”

    ###

    To access downloadable, high-quality photos, click here. To stay up-to-date on what Pettersen is doing in Congress, follow her on Twitter here, Facebook here, or Instagram here. Residents can also sign-up for her e-newsletter subscription here.

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: Welch, Colleagues Introduce Legislative Package to Improve Medicaid for Kids, Seniors, and Families 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    As Republican Bill Takes Away Health Care from Millions of Americans, Senate Democrats Offer Common Sense Improvements to Medicaid and Empower Federal Watchdogs to Fight Real Fraud 
    WASHINGTON, D.C. – U.S. Senator Peter Welch, a member of the Senate Finance Committee, this week joined Ranking Member of the Senate Finance Committee Ron Wyden (D-Ore.) and eleven Senate Democrats in filing legislative proposals to strengthen and invest in the Medicaid program for children, seniors, Americans with disabilities and working families. Senator Welch’s Expanded Coverage for Former Foster Youth Act, which would expand Medicaid coverage for former foster care youth up to the age of 26, was included as part of Democrats’ legislative package. 
    “In the midst of a nationwide affordability crisis, we should do everything in our power to help more folks get the health care they need. Instead, Republicans’ budget cruelly attacks the lives and well-being of families and seniors, ripping health care away from millions–including nearly 20,000 Vermonters on Medicaid. As if slashing funding for Medicaid wasn’t egregious enough, Republicans’ budget will also tank our economy, and it does nothing to combat waste, fraud, and abuse,” said Senator Welch. “I’m proud to join Senate Democrats in introducing these bills to protect, improve, and expand Medicaid.” 
    “The Republican bill is rotten to the core when it comes to health care. Not only does the Republican bill break their promise not to cut benefits for Americans with Medicare and Medicaid, it also fails to accomplish their stated goal of cracking down on waste, fraud and abuse,” said Senator Wyden. “Senate Democrats say there’s a better way: let’s make the Medicaid program work better for moms, kids and seniors while investing in fraud fighters who have a track record of rooting out fraud where it actually occurs, and returning taxpayer dollars where they belong.” 
    The legislation comes as congressional Republicans continue to jam their reconciliation through the House and Senate behind closed doors. Republicans falsely claim the bill addresses waste, fraud and abuse in the health care system, but in reality, it rips away affordable health care from millions of Americans without doing anything meaningful on health care fraud.  
    The nonpartisan Congressional Budget Office (CBO) has found that virtually all of the health care cuts in the legislation come as a result of families that count on Medicaid losing their coverage or benefits, not eliminating waste, fraud and abuse. It’s the largest cut to American health care in history, all to fund tax breaks for the ultra-wealthy. 
    Senator Welch is a cosponsor of every bill introduced this week introduced by Senate Democrats to improve Medicaid: 

    The Keeping Obstetrics Local Act, legislation to address hospital labor and delivery unit closures by increasing Medicaid payments for eligible rural and high-need hospitals.  

    The Health Care Fraud and Abuse Control (HCFAC) Act, legislation to address funding shortfalls and ensure long-term stability of health care fraud, waste and abuse prevention work at HHS, CMS and DOJ, which returns $11 for every $1 invested. 

    The Stabilize Medicaid and CHIP Coverage Act, legislation to provide continuous eligibility for all individuals enrolled in Medicaid and the Children’s Health Insurance Program (CHIP) for 12-months.  

    The HCBS Relief Act, legislation to temporarily increase the federal Medicaid match for home- and community-based services by ten percentage points for two years.  

    The Advancing Student Services in Schools Today (ASSIST) Act, legislation to increase the federal Medicaid match for mental health and substance use disorder services provided in schools to 90%.  

    The Expanded Coverage for Former Foster Youth Act, legislation to expand Medicaid coverage for certain former foster care youth up to the age of 26.  

    The Medicare and Medicaid Dental, Vision, and Hearing Benefit Act, legislation to require Medicaid and Medicare to cover dental, vision, and hearing.   

    The Easy Enrollment in Health Care Act, legislation to allow individuals to check eligibility for and enroll in Medicaid or subsidized Affordable Care Act coverage through submitting their federal tax return.  

    The Disaster Relief Medicaid Act, legislation to ensure that individuals eligible for Medicaid who are forced to relocate due to a disaster are able to continue accessing Medicaid-supported services. 

    The Maximizing Opioid Recovery Emergency, legislation to enhance coverage for opioid treatment for Medicaid, Medicare, and private health plan enrollees, including increasing the federal Medicaid match for opioid medication treatment to 90%.  

    The Helping Tobacco Users Quit Act, legislation to require state Medicaid programs to cover tobacco cessation services without cost-sharing.  

    The State Public Option Act, legislation to give states the option to create a Medicaid buy-in program for state residents regardless of their income.   

    The Postpartum Lifeline Act, legislation to require state Medicaid programs to provide coverage up to 12-months postpartum.  

    Senator Welch has been a leading voice in calling to protect Medicaid and health care in the Senate. Last week, Senator Welch took to the Senate floor to slam Republicans’ tax bill, which will rip away health care coverage for more than 16 million Americans, including 29,000 Vermonters. 
    Earlier this month, Senator Welch joined Planned Parenthood of Northern New England (PPNNE) for a virtual roundtable highlighting the harmful consequences of Republicans’ reconciliation bill for patients in Vermont. In May, Senator Welch denounced Republicans disastrous proposed budget plan to limit ACA Premium Tax Credits which help low- and moderate-income Vermonters access health coverage.   
    Last month, Senator Welch joined Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Tammy Baldwin (D-Wis.), Tina Smith (D-Minn.), and Protect Our Care for a press conference condemning the Republican budget. Senator Welch also recently spoke on the Senate floor about how health care is at risk for millions, and challenged President Trump to join him and Senator Josh Hawley (R-Mo.) in working to lower prescription drug prices through his recently introduced Fair Prescription Drug Prices for Americans Act. 
    This Congress, Senator Welch has led the introduction of several bills to make health care more accessible and affordable for Vermonters, including the Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act, Fair Prescription Drug Prices for Americans Act, End Price Gouging for Medications Act, Creating Opportunities Now for Necessary and Effective Care Technologies (CONNECT) for Health Act, Protecting Pharmacies in Medicaid Act, Fair Funding for Rural Hospitals Act, and the Rural Hospital Support Act. 

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: Congressman David Scott Statement On the Events Unfolding in the Middle East

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    Congressman David Scott Statement On the Events Unfolding in the Middle East

    Washington, June 13, 2025

    Washington D.C. – Today, Congressman David Scott released the following statement on the events unfolding in the Middle East:

    “For almost two decades, we have uncovered disturbing evidence of Iran hiding military nuclear weapons under its nuclear energy program. I indicated as much in my 2012 NATO Parliamentary Assembly Report, that a nuclear-capable Iran was preparing to use this kind of attack—resulting in severe consequences for Israel’s security and global stability.

    “The fact remains that Israel has every right to defend its people and sovereignty against this existential threat. I am calling on President Trump to place America’s full support behind Israel during these trying times. The United States is not against the people of Iran—it is against the mullahs’ group of extremists who are disregarding the safety and well-being of Iranians.”

    # # #

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: ICE arrests Mexican national convicted twice for felony DWI in New York

    Source: US Immigration and Customs Enforcement

    Buffalo, N.Y. – Immigration and Customs Enforcement arrested Mexican national and convicted felon Juan Cruz-Gallegos pursuant to a warrant of arrest June 11, in Hudson, New York.

    ICE apprehended the illegal alien after local authorities failed to return him to ICE custody despite a judge’s order specifically requiring his return at the conclusion of his local criminal proceedings for aggravated driving while intoxicated.

    Cruz it is illegally present alien from Mexico with a significant history of driving while intoxicated and at least one incident involving a minor in the vehicle. Due to the significant public safety threat he posed, ICE Buffalo cancelled Cruz’s bond and arrested him Nov. 7, 2023. ICE subsequently released him to the custody of Columbia County, New York, Dec. 15, 2023, pursuant to a writ of habeas corpus issued by a Columbia County Court judge. Per the writ, Cruz was turned over to Columbia County Sheriff’s Office to face his criminal charges. The writ further authorized the New York State Police to assume custody of Cruz with the explicit condition he be returned to ICE custody upon resolution of the indictment or at the request of ICE. However, instead of returning Cruz to ICE custody as ordered, the NYSP released him when his criminal proceedings concluded.

    “This criminal alien was in ICE custody when a Colombia County Court Judge ordered that he be turned over to NYSP and brought to Colombia County Court to face additional criminal charges. ICE complied. The judge ordered further that Cruz be immediately returned to ICE custody at the conclusion of his court appearance. This was not a detainer request. This was a judicial order. Whether it was malicious intent or simple miscommunication that caused him to be released into the community contrary to a court order, sanctuary jurisdictions undermine the rule of law and endanger the lives of Americans and law enforcement,” said ICE Enforcement and Removal Operations acting Deputy Field Office Director Philip Rhoney. “When you have a criminal alien like Cruz, who so clearly poses a significant threat to public safety, it is inconceivable that law enforcement is prevented from doing the right thing, which is turning these criminals over to ICE in a safe, controlled environment. It’s time for politicians to put public safety ahead of politics and stop protecting criminal aliens at the expense of citizens and legal residents of New York.”

    Cruz’s criminal history

    • October 24, 2013 – arrested for DWI; aggravated DWI-child in vehicle; back seat passenger less than 4 and no/improper restraint; unlicensed operator; failed to dim headlights; and front seat passenger aged 4-7 with no/improper restraint:
    • March 17, 2014 – convicted of aggravated DWI with a child/passenger less than 16: sentenced to five years of probation.
    • March 20, 2018 – Cruz violated his probation as he was arrested and charged with the commission of the crimes of aggravated unlicensed operation; unregistered motor vehicle; and consumption of alcohol in a motor vehicle: sentenced to continued probation.
    • May 28, 2023 – arrested and charged with DWI and aggravated DWI: BAC of .18 of 1% or more alcohol in blood.
    • Aug. 17, 2023 – arrested and charged with DWI: previous conviction of offence within 10 years and aggravated DWI: .18 of 1% or more alcohol -1 prior conviction within 10 yrs.
    • Oct. 18, 2023 – arrested and charged with DWI and aggravated DWI: BAC of .18 of 1% or more alcohol in blood.
    • Nov. 3, 2023 – arrested for burglary: charges pending.
    • May 6, 2024 – convicted upon guilty plea of DWI previous conviction of designated offence within 20 years: sentenced to five years of probation.

    Cruz is detained at Buffalo Federal Detention Facility for his removal proceedings.

    Learn more about ERO Buffalo’s mission to preserve public safety on X, formerly known as Twitter, @EROBuffalo.

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: Cold Water Can Be Deadly Even on Hot Days

    Source: US State of Oregon

    strong>SALEM, Ore.—As temperatures rise and people flock to Oregon’s waterways for much needed relief, the Oregon State Marine Board (OSMB) and the Oregon Department of Emergency Management (OEM) urge boaters and swimmers to be aware of the hidden dangers of cold water. Despite warm air temperatures, rivers and lakes remain dangerously cold, increasing the risk of cold shock, swimming failure, and drowning.

    “Many people underestimate the effects of cold water,” says Brian Paulsen, Boating Safety Program Manager for the Oregon State Marine Board. “Inexperience and not being prepared for the conditions are factors leading to accidents. Planning ahead, boating with others, always keeping a sharp lookout, and wearing a properly fitted life jacket are key to staying safe.”

    Cold Water Risks

    Even experienced swimmers can struggle in cold water. Sudden immersion can cause cold shock, leading to involuntary gasping and rapid breathing, which increases the risk of drowning. Cold water also drains body heat 25 times faster than cold air, leading to hypothermia.

    “We’ve seen a rise in water rescue incidents in the past few weeks, because people underestimate the deadly combination of warm air and dangerously cold water,” said Scott Lucas, OEM Statewide Search and Rescue Coordinator. “Cold shock and hypothermia set in quickly, even for strong swimmers, and fast-moving currents make self-rescue nearly impossible. We urge everyone to plan ahead, wear a life jacket, and respect the power of cold water—it can be unforgiving.”

    Additionally, recent snowmelt has caused swift currents and floating debris, making navigation more hazardous. The National Weather Service warns that local rivers and lakes are not as warm as they will be in late summer, and the combination of high-water levels and frigid temperatures can be deadly.

    Boating Safety Tips

    The Oregon State Marine Board advises boaters to plan ahead and check out the Marine Board’s interactive boating access map. The map displays public boat ramps and local rules for boat operations. Also, check the weather forecast, water levels, and tides. See if there are any reported obstructions and have the right gear for your boating activity. Boaters can also check the Marine Board’s website to find out what equipment is required based on the size and type of boat.

    The Oregon State Marine Board also advises boaters to:

    • Choose a waterway that matches your skill level to avoid dangerous situations.
    • Wear a properly fitted life jacket—it significantly increases survival chances.
    • Check the Marine Board’s interactive boating access map for public boat ramps and local rules.
    • Monitor weather forecasts, water levels, and tides before heading out.
    • Be courteous to other boaters and stage gear in designated areas to ensure smooth launching.

    Legal Requirements:

    • Children 12 and under must wear a life jacket when underway on all boats.
    • Boaters in Class III whitewater rivers are required to wear a life jacket.
    • All boaters must complete a boating safety course and carry a boating safety education card when operating a powerboat over 10 horsepower.
    • Paddlers of non-motorized boats 10 feet and longer must purchase a waterway access permit.

    For more information on safe boating in Oregon, visit Boat.Oregon.gov.

    What to Do if Someone Has Been Submerged in Cold Water

    Cold water can be deadly, even for experienced swimmers. If you find yourself in dangerously cold water, following these essential survival strategies can increase your chances of making it out safely.

    Immediate Actions in Cold Water

    Cold water can kill. The following guidelines from the U.S. Coast Guard will increase your chance for survival:

    • Stay calm—panicking can increase heat loss and make it harder to think clearly.
    • Get out of the water as quickly as possible but do so safely to avoid injury.
    • Use floating objects to keep yourself above water if available.
    • Keep as much of your body out of the water as possible to slow heat loss.
    • Assess your options—if swimming to safety is possible, do so calmly.
    • If you cannot swim to safety, conserve energy and body heat and wait for rescue.

    The H.E.L.P. Position

    If rescue isn’t immediate and you’re unable to reach safety, use the Heat Escape Lessening Position (H.E.L.P.) to protect vital areas and reduce heat loss:

    • Draw your knees to your chest and keep your legs together.
    • Press your arms against your sides while keeping your head above water.
    • If others are in the water with you, huddle together to preserve heat.

    Providing Aid to Cold Water Victims

    If you or someone else has been submerged in cold water, follow these steps developed by the Red Cross) to ensure proper care:

    1. Call 911 or emergency services immediately.
    2. Move the person to a warm, sheltered place with minimal movement to avoid shock.
    3. Check breathing and circulation, administering rescue breathing or CPR if necessary.
    4. Remove wet clothing and dry the person as much as possible.
    5. Warm the person gradually by wrapping them in blankets or dressing them in dry clothing.
    6. Use warm compresses (hot water bottles or chemical hot packs wrapped in towels) to help retain heat.
    7. Avoid rapid warming—do not immerse the person in warm water, as this can trigger dangerous heart rhythms.
    8. Warm the core first (chest and abdomen) rather than extremities like hands and feet.

    Understanding and following these steps can prevent cold shock, hypothermia, and exhaustion, significantly improving survival chances in freezing water conditions. Stay alert, stay prepared, and respect the dangers of cold water—even on warm days.

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: El Fiscal General Bonta demanda al famoso propietario Mike Nijjar y a PAMA Management por violar las leyes de vivienda de California y aprovecharse de inquilinos

    Source: US State of California

    OAKLAND — El Fiscal General de California, Rob Bonta, presentó una demanda contra un grupo de empresas de administración de propiedades y holdings inmobiliarios propiedad del magnate de viviendas de alquiler del sur de California Swaranjit “Mike” Nijjar, su hermana Daljit “DJ” Kler y otros miembros de su familia. La demanda, tras una investigación de tres años, alega que las empresas de Nijjar, conocidas comúnmente como PAMA Management, violan de manera atroz numerosas leyes de California al someter a los inquilinos a unidades inseguras marcadas por plagas de cucarachas y roedores, techos con goteras, desbordamiento de aguas residuales y otros problemas. La demanda también alega que las empresas discriminan a los solicitantes con vales de vivienda de la Sección 8, cobran alquileres excesivos a algunos inquilinos y utilizan contratos de alquiler que engañan a los inquilinos sobre sus derechos legales, entre otras violaciones. La mayoría de los inquilinos que viven en propiedades de PAMA tienen ingresos bajos o fijos, y muchos se enfrentan a la horrible elección entre soportar condiciones graves y a veces catastróficas o quedarse sin hogar. En la denuncia que se presentó hoy en el Condado de Los Angeles, el Fiscal General Bonta solicita sanciones, restitución total por el daño financiero sufrido por los inquilinos, restitución de las ganancias obtenidas de manera ilícita y medidas cautelares que prohíban al Sr. Nijjar, a PAMA y a las empresas relacionadas continuar con estas prácticas comerciales ilegales y atroces. 

    “PAMA y las empresas propiedad de Mike Nijjar y su familia son conocidas por sus condiciones deplorables y precarias, algunas tan malas que los residentes han sufrido resultados trágicos. Nuestra investigación sobre las propiedades de Nijjar reveló que PAMA se aprovecho de familias vulnerables, negándose a invertir los recursos necesarios para erradicar las plagas, reparar techos anticuados e instalar sistemas de plomería que funcionen, todo mientras engañaba a los inquilinos sobre sus derechos a demandar a su propietario y exigir reparaciones”, dijo el Fiscal General Bonta. “Sin embargo, Nijjar y sus asociados han tratado demanda tras demanda y violación del código tras violación del código como el costo de hacer negocios y se les ha permitido operar y cobrar cientos de millones de dólares cada año a familias que duermen, se duchan y alimentan a sus hijos en condiciones insalubres y deplorables. Ya es suficiente. Hoy intervengo. Estoy agradecido con todas las personas que dieron un paso al frente, incluido el Equipo de Protección al Consumidor del Departamento de Justicia, los periodistas de California que dieron la voz de alarma, los funcionarios encargados de hacer cumplir el código local que responden de manera incansable a las quejas de los inquilinos y, sobre todo, los inquilinos de PAMA que hablaron sobre sus angustiosas experiencias.” 

    Antecedentes

    La familia Nijjar y sus empresas relacionadas poseen y administran más de 22,000 unidades de vivienda de alquiler en todo el estado, principalmente en vecindarios de bajos ingresos en los Condados de Los Angeles, Riverside, San Bernardino y Kern, pero también se extienden hasta los Condados de Sacramento y San Joaquin. Los funcionarios encargados de hacer cumplir el código en estas comunidades citan rutinariamente las propiedades de la familia Nijjar por violar las normas mínimas de habitabilidad. En los últimos años, las empresas de la familia han resuelto docenas de demandas alegando defectos de habitabilidad y condiciones inseguras; estas demandas afectaron a cientos de inquilinos, incluidos algunos niños que resultaron gravemente heridos en propiedades de PAMA. En 2016, un bebé murió en un incendio en una de las casas móviles de PAMA en el condado de Kern, que no estaba permitida para la ocupación humana. 

    A pesar de todo, esto ha sido la practica de negocio en curso para Mike Nijjar y sus entidades corporativas: siguen con la compra de propiedades nuevas, ignoran las peticiones de reparaciones de los inquilinos y operan bajo una lista cada vez mayor de nombres de empresas que lo hace aun mas dificil que los inquilinos sepan a quién le están alquilando. Los inquilinos pueden conocerlos por los nombres de sus empresas de administración de propiedades actuales y recientes: no solo PAMA Management, sino también I E Rental Homes, Bridge Management, Equity Management, Golden Management, Hightower Management, Legacy Management, Mobile Management, Pro Management y Regency Management.  

    Luego de una extensa cobertura mediática por parte de la prensa y las partes interesadas, el Departamento de Justicia de California inició una investigación sobre PAMA a fines de 2022 que descubrió violaciones generalizadas de habitabilidad y otras violaciones graves de los derechos de los inquilinos. 

    Violación de las normas básicas de habitabilidad 

    La demanda del Fiscal General alega que, al no realizar un mantenimiento adecuado de las unidades, PAMA y las empresas relacionadas pusieron en riesgo inmediato la seguridad y la salud de los inquilinos. Las unidades PAMA sufren amplios problemas de mantenimiento, entre los más comunes se encuentran:

    • intrusión de agua debido a goteras en los techos y plomería anticuada; 
    • daños estructurales causados por la intrusión de agua y el mantenimiento retrasado;
    • mal funcionamiento de las tuberías, incluidas las aguas residuales superficiales; y 
    • plagas de cucarachas y roedores. 

    Estas violaciones no son sólo un error; son parte de prácticas comercialesen curso. PAMA aplaza las inversiones necesarias en mantenimiento a favor de reparaciones rápidas y baratas; utiliza operarios no cualificados incluso para trabajos especializados; ofrece poca o ninguna formación al personal, muchos de los cuales no tienen experiencia en gestión de propiedades; y no realiza un seguimiento sistemático y rutinario de las solicitudes de mantenimiento, que a menudo se pierden o nunca se completan. PAMA está al tanto de estos problemas y sabe que sus operaciones generan condiciones inhabitables, pero estas prácticas comerciales han persistido durante años.

    Cláusulas de alquiler engañosas

    La demanda también alega que PAMA y las empresas relacionadas celebraron decenas de miles de contratos de alquiler con cláusulas ilegales y engañosas que intentan invalidar los derechos garantizados por la ley. Estos derechos incluyen el derecho del inquilino a demandar a su propietario y presentar su caso ante un jurado; a realizar reparaciones que el propietario descuidó y deducir el costo de dichas reparaciones del alquiler; y a que el propietario ejerza un deber de cuidado para evitar lesiones personales o daños a la propiedad personal.

    PAMA también violó la ley de California al negarse a proporcionar traducciones en español de estos contratos de alquiler y otros documentos importantes, a pesar de solicitar de manera intencionada inquilinos hispanohablantes a través de publicidad en dos idiomas y la contratación de empleados hispanohablantes para llenar unidades vacantes y comunicarse con los inquilinos.  

    Discriminación contra inquilinos con vales de la Sección 8 

    La demanda alega además que PAMA y las empresas relacionadas discriminan a los solicitantes con vales de la Sección 8 que buscan una vivienda. Los vales de la Sección 8 ayudan a las familias de bajos ingresos a alquilar viviendas a propietarios privados, lo que permite que la familia pague parte del alquiler mientras el gobierno paga el resto. En California, es ilegal discriminar a un inquilino o solicitante de vivienda en función de su fuente de ingresos, incluida la recepción de asistencia de alquiler de la Sección 8. Las empresas de administración relacionadas con PAMA han violado la ley al decirles a los solicitantes con vales que hay una lista de espera para las unidades o que no hay unidades de alquiler disponibles, incluso cuando de hecho hay unidades disponibles y se están alquilando a solicitantes sin vales de la Sección 8. 

    Aumentos ilegales de alquiler y otras conductas indebidas

    La demanda del Fiscal General también alega violaciones a la Ley de Protección de Inquilinos de California (TPA) en más de 2,000 unidades, donde PAMA y empresas relacionadas trasladaron ciertos costos obligatorios de servicios públicos, que solían ser pagados por el propietario, a sus inquilinos. Para los inquilinos protegidos por la TPA, es ilegal que los propietarios ignoren el límite de alquiler cuando exigen a los inquilinos que paguen tarifas o cargos de servicios públicos nuevos o mayores. La denuncia alega que estas empresas comenzaron a cobrar a los inquilinos por servicios públicos compartidos, como el agua, a través de un sistema de facturación de servicios públicos proporcional, conocido como “RUBS”, obligando a los inquilinos a pagar cargos por servicios públicos que estaban fuera de su control. La combinación de estas nuevas tarifas de servicios públicos y los aumentos anuales del alquiler resultaron en aumentos totales de hasta el 20%: más del doble del límite de alquiler de la TPA. Además, PAMA y las empresas relacionadas violaron los requisitos de notificación de la TPA al no incluir en los contratos de alquiler de los inquilinos las divulgaciones exigidas por ley para que el inquilino sepa si las protecciones de la TPA (que incluyen controles de aumento de alquiler y limitaciones a los desalojos) se aplican a ellos. 

    Además de las violaciones anteriores, la demanda alega que PAMA y las empresas relacionadas emitieron avisos de desalojo ilegales a docenas o cientos de inquilinos, y también que las empresas no han cumplido con los requisitos básicos de licencia inmobiliaria desde 2020.

    Se alienta a cualquier persona, incluidos inquilinos actuales o anteriores, que tenga información que pueda ser relevante para este caso a que comparta sus historias con nuestra oficina en oag.ca.gov/report. 

    Para obtener más información sobre sus derechos como inquilino, consulte aquí.

    Una copia de la denuncia está disponible aquí.

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI Security: Newington Drug Trafficker Sentenced to Six Years in Federal Prison

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, announced that MARTIN DELGADO, 30, of Newington, was sentenced today by U.S. District Judge Victor A. Bolden in New Haven to 72 months of imprisonment, followed by four years of supervised release, for distributing narcotics.

    According to court documents and statements made in court, on May 13, 2024, members of the FBI’s Northern Connecticut Gang Task Force conducted a court-authorized search of Delgado’s residence on Main Street in Newington and seized approximately 2,500 wax paper sleeves containing fentanyl, approximately 160 grams of loose fentanyl, approximately 21 grams of cocaine, narcotics packaging materials, and a loaded 9mm gun magazine.  Delgado, who fled on foot when officers arrived at his residence, was apprehended a short time later in West Hartford.  Investigators also located and seized a loaded 9mm handgun near Delgado’s residence that he discarded as he fled, and additional quantities of fentanyl and cocaine from Delgado’s vehicle.

    The firearm had been reported stolen in 2019.

    Delgado was charged with state offenses and released on bond.

    Delgado has been detained since his federal arrest on August 2, 2024.  On February 11, 2025, he pleaded guilty to possession with intent to distribute 40 grams or more of fentanyl and a quantity of cocaine.

    This matter was investigated by the FBI’s Northern Connecticut Gang Task Force, the Connecticut State Police, and the West Hartford Police Department.  The case was prosecuted by Assistant U.S. Attorneys Christopher Lembo and Reed Durham through Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce gun violence and other violent crime, and to make our neighborhoods safer for everyone.  For more information about Project Safe Neighborhoods, please visit www.justice.gov/psn.

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI Security: Coast Guard welcomes new commander to Sector Columbia River

    Source: United States Coast Guard

    U.S. Coast Guard sent this bulletin at 06/13/2025 04:45 PM EDT

    News Release  

    U.S. Coast Guard 13th District PA Detachment Astoria
    Contact: Coast Guard PA Detachment Astoria
    Office: (503) 861-6380
    After Hours: (206) 220-7237
    PA Detachment Astoria online newsroom

     

    06/13/2025 04:25 PM EDT

    PORTLAND, Ore. — Coast Guard Sector Columbia River held a change of command ceremony Friday morning at the Sector, near Swan Island in Portland.  During the ceremony, Capt. Anthony Migliorini relieved Capt. Justin Noggle as commander of Sector Columbia River.  Rear Adm. Charles Fosse, commander, 13th Coast Guard District, presided over the ceremony.  Sector Columbia River is one of two sectors within District 13 and has an area of responsibility spanning from the California-Oregon border to southern Washington, encompassing 420 miles of coastline. In addition, Sector members operate within the 33 ports along 465 miles of waterways on the Columbia, Snake, and Willamette River systems, extending from the Pacific Ocean to Lewiston, Idaho. 

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI: Onex Canada Asset Management Inc. Announces Proposed Changes to Liquid Fund Product Lineup

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 13, 2025 (GLOBE NEWSWIRE) — Onex Canada Asset Management Inc. (the “Manager”) today announced proposals to terminate or change the investment objectives for certain of its mutual funds.

    Following the completion of the proposed changes, Onex will continue to offer investors a strong line-up of public and private liquid strategies, including Onex Global Special Situations, Onex U.S. Equity, Onex High Yield Bond, Onex Senior Credit, Onex Direct Lending and, if the investment objective change is approved, an Onex Global Equity strategy. These strategies all offer differentiated client solutions with an emphasis on long-term investment performance.

    Changes to Onex International Fund

    Effective on or about September 26, 2025, the Manager proposes to change the investment objective of Onex International Fund to a global mandate and change the fund’s name to “Onex Global Equity Fund” to reflect its new investment objective, subject to obtaining all necessary approvals.

    The current investment objective of Onex International Fund is “to achieve capital appreciation by investing primarily in a variety of growth and value securities listed on international exchanges outside of Canada and the United States”. The new investment objective of this fund will be “to seek to achieve long-term capital appreciation, by investing primarily in a portfolio of global equity securities with attractive risk reward dynamics”.

    The fund will continue to be managed in accordance with its current investment objective, and if the objective change is approved, the fund will then be managed in accordance with its new investment objective.

    The investment objective change is subject to approval by securityholders of Onex International Fund. If the objective change is approved, the fund’s name will change to Onex Global Equity Fund and a new performance fee will be introduced.

    The Manager intends to charge the fund a performance fee that will not exceed 20% of the series net asset value (NAV) of each series of the fund if the series NAV exceeds the return of a specified benchmark over the same period. More particulars regarding the performance fee, including the benchmark, will be set out in the amendment to the simplified prospectus of the fund.

    Securities of this fund will continue to be available for purchase at all times.

    Securityholders of Onex International Fund will be asked to vote on the proposed investment objective change at a special meeting to be held on or about September 23, 2025. More particulars regarding this matter, including any tax implications will be set out in the meeting materials sent to Onex International Fund securityholders.

    If the investment objective change is not approved, the Manager will terminate Onex International Fund.

    Fund Terminations

    The Manager intends to terminate Onex Dividend Distribution Fund, Onex Premium Income Trust and Onex Premium Income Fund (each, a “Terminating Fund”) on or about August 27, 2025.

    Each Terminating Fund will be closed to purchases by new and existing investors effective as of the close of business on June 13, 2025.

    Securityholders of Onex Premium Income Fund can redeem or switch their securities until the close of business on July 31, 2025, provided the securityholder has given the Manager a written request for redemption at least two (2) business days prior to the redemption date, as set out in the offering memorandum of the fund.

    Securityholders of Onex Dividend Distribution Fund and Onex Premium Income Trust can redeem or switch their securities until the close of business on the business day prior to the termination date in accordance with the procedures set out in the simplified prospectus.

    A notice will be mailed to securityholders of Onex Dividend Distribution Fund and Onex Premium Income Trust at least 60 days prior to the termination date and to securityholders of Onex Premium Income Fund at least 45 days prior to the termination date.

    On or before the termination date, the Manager will liquidate the assets of each Terminating Fund and, after paying or making adequate provision for the liabilities of the Terminating Fund, distribute the cash proceeds (including any final income or capital gains) on a pro rata basis to the Terminating Fund’s securityholders of record on the termination date. In anticipation of the termination, each Terminating Fund may make distributions to its securityholders prior to the termination date.

    For further information about the funds, please visit https://www.onex.com/onex-private-wealth.

    Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated.

    About Onex Canada Asset Management Inc.

    Onex Canada Asset Management Inc. is a subsidiary of Onex Corporation (TSE: ONEX) and offers access to differentiated investment platforms including public mutual funds and a range of private investment strategies and opportunities. For more information, please visit https://www.onex.com/onex-private-wealth.

    CONTACT INFORMATION:

    Please email: ir@onex.com with a copy to advisorinfo@onex.com for questions about the proposed changes.

    The MIL Network –

    June 14, 2025
  • MIL-OSI Canada: Tribunal Initiates Inquiry—Thermal Paper Rolls from China

    Source: Government of Canada News (2)

    Ottawa, Ontario, June 13, 2025—The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by McDermid Paper Converters Limited of Markham, Ontario, Media Cash Register Inc. of Saint‑Laurent, Québec, and Custom Paper Ltd. of Richmond, British Columbia, that they have suffered injury as a result of the dumping and subsidizing of thermal paper rolls from China. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA).

    On August 11, 2025, the Tribunal will determine whether there is a reasonable indication that the alleged dumping and subsidizing have caused injury or retardation, or are threatening to cause injury, as these words are defined in SIMA. If so, the CBSA will continue its investigations and, by September 10, 2025, will make preliminary determinations. If these preliminary determinations indicate that there has been dumping or subsidizing, the CBSA will then continue its investigations and, concurrently, the Tribunal will initiate a final injury inquiry.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    Any interested person, association or government that wishes to participate in the Tribunal’s inquiry may do so by filing a Form I–Notice of Participation.

    MIL OSI Canada News –

    June 14, 2025
  • MIL-OSI USA: New Online Tool Helps Juneau Residents Prepare for Glacial Outburst Floods

    Source: US Geological Survey

    Suicide Basin is a glacier-fed lake that branches off Mendenhall Glacier in Juneau, Alaska. Since 2011, Suicide Basin has been collecting melt- and rainwater each summer, creating a temporary glacier-dammed lake. Water that accumulates typically gets released through channels that run beneath the glacier. These channels are normally blocked by ice, but if the water pressure gets too high the chann

    Learn More

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI Security: Fort Myers Man Sentenced To More Than 20 Years For Pizza Shop Armed Robbery

    Source: Office of United States Attorneys

    Fort Myers, Florida – U.S. District Court Judge Thomas Barber has sentenced Shadarien Lamarr Ward (22, Fort Myers) to 22 years in federal prison for robbing a pizza shop at gunpoint near downtown Fort Myers. Ward previously pleaded guilty to interfering with commerce by robbery, brandishing a firearm during a crime of violence, and possessing a firearm as a convicted felon. 

    According to court documents, on the evening of September 1, 2024, Ward robbed a pizza shop at gunpoint, pistol-whipping an employee in the process. After grabbing the cash register drawer and approximately $700 in cash, Ward fled the area on foot. Though he was hooded and masked during the robbery, he was later identified by law enforcement after an extensive review of surveillance cameras in the area tracked him to a nearby motel.

    Ward, a registered sex offender, was wearing a GPS monitor at the time of the robbery as part of his state sex offender probation. Though he had cut off his GPS monitor and absconded from supervision following the robbery, Ward was located and arrested at a North Fort Myers motel soon thereafter.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Fort Myers Police Department. It was prosecuted by Assistant United States Attorney Simon Eth.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI Security: Freeport, Ill. Man Sentenced to Ten Years in Prison for Distribution of Cocaine

    Source: Office of United States Attorneys

    ROCKFORD — A Freeport, Ill. man has been sentenced to ten years in federal prison for knowingly and intentionally distributing cocaine. 

    PARIS WALKER, 39, pleaded guilty earlier this year to one count of distribution of a controlled substance.  U.S. District Judge Iain D. Johnston imposed the sentence during a hearing on Thursday in federal court in Rockford.

    Walker admitted that from 2019 to 2022, he knowingly and intentionally distributed cocaine to a confidential informant for the government.  Additionally, Walker possessed cocaine on multiple occasions with the intent to distribute it.  The total amount of cocaine involved in the offense of conviction and relevant conduct was at least 30.3 grams.

    The sentence was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The government was represented by Assistant U.S. Attorney Robert S. Ladd. 

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI Security: Former CFO Of Sf Seafood Wholesaler Convicted For Embezzling Over $9 Million From Company

    Source: Office of United States Attorneys

    Defendant Used Stolen Funds to Pay for Personal Travel, Luxury Purses, and College Tuition

    SAN FRANCISCO – A federal jury yesterday convicted Antonietta Nguyen of multiple counts of wire fraud, aiding and abetting wire fraud, conspiracy to commit wire fraud, conspiracy to transport monetary instruments for the purpose of laundering, and tax evasion in connection with a scheme to embezzle millions of dollars from a San Francisco-based seafood company. The jury’s verdict followed a two-week trial before Senior U.S. District Judge Susan Illston.

    Nguyen, 57, of Brisbane, was a minority shareholder of ABS Seafood, a private Former CFO Of Sf Seafood Wholesaler Convicted For Embezzling Over $9 Million From Companyseafood wholesaler and importer, and served as the company’s Chief Financial Officer. According to court documents and evidence presented at trial, from January 2014 to around May 2020, Nguyen fraudulently used a company credit card and funds from the company’s bank account to pay for millions of dollars of expenses on her personal credit cards. She also charged personal expenses to her corporate credit card, which were then paid for by the company. Nguyen used the stolen funds to pay for personal travel, purses and other luxury goods from Louis Vuitton, Hermès, Goyard, Chanel, and Neiman Marcus, property taxes for one of her residences, and college tuition fees for a relative. The evidence presented at trial showed that Nguyen misappropriated approximately $2.7 million in company funds over the course of six-and-a-half years.

    The jury also found that Nguyen devised an inflated invoice scheme involving family members who operated Pescaderia Pacifica International, Inc., a Filipino seafood exporter that was one of ABS’s top vendors and main source for tuna imported into the United States. Nguyen caused ABS to pay over double the true value of the imported seafood by creating false invoices that Nguyen hid from others at the company. Her family members then split the proceeds, with some of the money being wired back to bank accounts in the United States in the names of Nguyen’s husband and daughters.

    The evidence presented at trial also showed that Nguyen evaded personal income taxes that she and her spouse owed for tax years 2018 and 2019 by underreporting the amount of joint taxable income they had for those two years.

    “The defendant devised multiple ways to defraud her business partners of several millions of dollars and got away with it for over six years. She exploited her position of trust in order to fund a lavish lifestyle for herself and her family members,” said United States Attorney Craig H. Missakian. “The jury’s verdict today holds the defendant accountable for her long-running fraud scheme.”

    “Antonietta Nguyen’s conviction reflects the serious consequences of the scheme she orchestrated to defraud her business partners,” said FBI Special Agent in Charge Sanjay Virmani. “As CFO, she systematically stole millions from her own company to bankroll a lavish lifestyle, betraying the responsibilities of her position. The FBI remains committed to working with our partners to uncover and stop financial crimes, and to ensure those who commit them are held fully accountable.”

    “Antonietta Nguyen’s brazen multi-million-dollar embezzlement scheme is a betrayal and breach of trust against her employer and runs afoul of well-established financial law. Her conviction is befitting and a strong deterrent, sending a clear message that white-collar crime has serious consequences.” said IRS Criminal Investigation (IRS-CI) Oakland Field Office Special Agent in Charge Linda Nguyen. “IRS-CI Special Agents are the experts at tracking down ill-gotten gains and bringing financial criminals to justice.”

    Nguyen was released on bond. Nguyen’s sentencing hearing is scheduled for October 10, 2025 before Judge Illston. Defendant faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for each count of wire fraud and wire fraud conspiracy, 20 years in prison and a $500,000 fine for the count of conspiracy to transport monetary instruments for the purpose of laundering, and five years in prison and a $100,000 fine for each count of willful tax evasion. Any sentence will be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    Assistant U.S. Attorneys Sailaja M. Paidipaty and Colin Sampson are prosecuting the case with the assistance of Sara Slattery, Janice Pagsanjan, and Kathy Tat. The prosecution is the result of an investigation by the FBI and IRS-CI.
     

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI Security: Armed Career Criminal Sentenced To Federal Prison For Possessing A Loaded Firearm

    Source: Office of United States Attorneys

    Fort Myers, Florida – U.S. District Judge Thomas P. Barber today sentenced Mickey Colangelo, Jr. (44, Fort Myers) to 15 years in federal prison for possession of a firearm and ammunition by a convicted felon. The court also ordered Colangelo to forfeit the firearm and ammunition possessed during the commission of the offense. Colangelo pled guilty on February 26, 2025.

    According to the plea agreement, on October 30, 2024, Colangelo was stopped by the Lee County Sheriff’s Office as a wanted suspect for a felony offense. In his backpack, deputies located a loaded pistol. Court records confirm that Colangelo had previously been convicted of a felony, which prohibits him from possessing firearms or ammunition under federal law. Colangelo has at least three prior felony convictions that qualify as “violent felonies” under federal law, thus subjecting him to enhanced punishment as an Armed Career Criminal. Colangelo also agreed to forfeit the firearm used in the offense.

    This case was investigated by the Lee County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives. It was prosecuted by Assistant United States Attorney Mark Morgan.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. 

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI Security: FBI Recognizes Elder Abuse Awareness Day and Warns Americans of Elder Fraud

    Source: US FBI

    Ahead of World Elder Abuse Awareness Day on June 15, the FBI is reminding elderly Americans and their loved ones about elder fraud. This type of fraud takes many forms as criminals seek to take advantage of this vulnerable and growing population. The FBI is committed to educating the public about these scams and investigating financial fraud schemes against seniors. Not only are there devastating financial consequences, but these victims and their loved ones can suffer great emotional and mental effects because of these scams.

    The FBI investigates financial scams targeting seniors, including investment scams, technical/customer support schemes, money mule and romance scams, and others. According to the FBI’s Internet Crime Complaint Center (IC3) data, in 2024 there was a total of $4.885 billion in losses from 147,127 complaints. This is a 46% increase in complaints from 2023, as well as a 43% increase in losses. In Arkansas, victims over the age of 60-years-old lost a total of $27,253,501 in 2024. The FBI continues to work with our local and federal partners to tackle elder fraud and stop those who attempt to harm the elderly.

    “Anyone can be a victim of fraud, but unfortunately scams targeting the elderly remain a growing problem,” said FBI Little Rock Special Agent in Charge Alicia D. Corder. “Our goal is to educate Arkansans about this threat so together we can protect seniors in our communities.”

    Seniors are frequently targeted by criminal actors, as they are often perceived to be more polite and trusting. These actors may also assume that seniors are more financially stable, own real estate, spend a great deal of time alone, and are less likely to report fraud if they feel ashamed or are unfamiliar with reporting channels such as IC3.gov.

    Fraud can happen to anyone, and small steps can be taken to protect yourself and your information:

    • Search online for the contact information (name, phone number, email, addresses) of any unknown source which reaches out to you, as well as the proposed offer. Verify the legitimacy of businesses on websites such as Better Business Bureau. Other people have
      likely posted information online about businesses and individuals attempting to run scams.
    • Resist the pressure to act quickly. Scammers create a sense of urgency to lure victims into immediate action, typically by instilling trust and inducing empathy or fear, or the promise of monetary gains, companionship, or employment opportunities.
    • Be cautious of unsolicited phone calls, mailings, and door-to-door service offers.
    • Never give or send to unverified people or businesses any personally identifiable information, money, checks, gift cards, or wire information.
    • Take precautionary measures to protect your identity should a criminal gain access to your device or account. Immediately contact your financial institutions to place protections on your accounts and monitor for suspicious activity.

    If you believe you are a victim of fraud, or know a senior who may be—regardless of financial loss—immediately report the incident to your local FBI field office or other law enforcement agency, or

    • by calling 1-800-CALL FBI, or
    • online at tips.fbi.gov or
    • to the Internet Crime Complaint Center at ic3.gov. 

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI: Ready Capital Corporation Declares First Quarter 2025 Dividends

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025. This dividend is payable on July 31, 2025, to shareholders of record as of the close of business on June 30, 2025.

    Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the “Series C Preferred Stock”), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the “Series E Preferred Stock”).

    The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on July 15, 2025, to Series C Preferred stockholders of record as of the close of business on June 30, 2025.

    The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on July 31, 2025, to Series E Preferred stockholders of record as of the close of business on June 30, 2025.

    About Ready Capital Corporation

    Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs approximately 500 professionals nationwide.

    Contact

    Investor Relations
    212-257-4666
    InvestorRelations@readycapital.com 

    Media Relations
    PR@readycapital.com 

    The MIL Network –

    June 14, 2025
  • MIL-OSI: Franklin Electric Announces Repurchase of Company Shares

    Source: GlobeNewswire (MIL-OSI)

    FORT WAYNE, Ind., June 13, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) is pleased to announce the successful completion of a stock purchase transaction involving shares held within the Patricia Schaefer Settlement Trust, a trust established by the late Patricia Schaefer. The purchase transaction involved the acquisition of 1,200,000 shares of the Company’s common stock at a price equal to $86.78 per share, which was the volume-weighted average price of the stock on NASDAQ for the five trading days preceding today’s closing.

    Joe Ruzynski, Chief Executive Officer of Franklin Electric, commented on the transaction, stating, “We were saddened to learn of the passing of Patricia Schaefer, a pillar of her community and the daughter of our founder. As we had the option to repurchase shares, we were pleased to be able to provide a source of liquidity for Ms. Schaefer’s estate to satisfy its tax obligations. This purchase also reflects our confidence in Franklin Electric’s strong balance sheet, cash flow generation, our strategic plans, and our future. We are proud to demonstrate our belief in the company’s enduring prospects while simultaneously supporting the needs of the Schaefer estate.”

    In connection with the purchase transaction, the Company’s Board of Directors approved an increase to the Company’s share repurchase authorization of 1,200,000 shares of common stock, such that after the transaction described herein, the Company will continue to be authorized to repurchase up to an aggregate 1,126,635 shares of its common stock.

    About Franklin Electric
    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers worldwide in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be recognized in Newsweek’s lists of America’s Most Responsible Companies 2024, Most Trustworthy Companies 2024, and Greenest Companies 2025; Best Places to Work in Indiana 2024; and America’s Climate Leaders 2024 by USA Today.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    Contact: Russ Fleeger
      Franklin Electric Co., Inc.
      260.824.2900

    The MIL Network –

    June 14, 2025
  • MIL-OSI: Orezone Announces Results of Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) reports that all resolutions from the Company’s annual general and special meeting of shareholders held on June 12, 2025 (the “Meeting”) were approved with 62.76% of the total issued and outstanding shares of the Company represented at the Meeting.

    Detailed voting results for the election of directors are as follows:

    Nominee For % For Against % Against
    Julian Babarczy 311,422,274 99.63% 1,143,461 0.37%
    Joe Conway 307,958,117 98.53% 4,607,618 1.47%
    Patrick Downey 311,751,459 99.74% 814,276 0.26%
    Rob Doyle 312,507,445 99.98% 58,290 0.02%
    Kate Harcourt 312,332,268 99.93% 233,467 0.07%
    Sean Harvey 312,155,498 99.87% 410,237 0.13%
    Tara Hassan 312,008,591 99.82% 557,144 0.18%
             

    Additional matters approved at the Meeting are as follows:

    • The number of directors was fixed at seven.
    • The Company’s stock option plan, as required by the TSX every three years, was reapproved.
    • Deloitte LLP was appointed as auditors for the fiscal year ending December 31, 2025, and the board of directors was authorized to fix their remuneration.

    The “Report of Voting Results”, which is available under the Company’s profile on SEDAR+ and on the Company’s website, discloses the detailed voting results for the above resolutions. For additional details, please also see the Management Information Circular of the Company dated May 9, 2025.

    About Orezone Gold Corporation

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.  

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945 8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    The MIL Network –

    June 14, 2025
  • MIL-OSI Security: Michigan Man Sentenced to Five Years in Prison for Possessing Child Sexual Abuse Material on a Military Base

    Source: United States Attorneys General

    A Michigan man was sentenced today to five years in prison for possessing over 41,026 images and videos of child sexual abuse material (CSAM). He was also ordered to pay $63,000 in restitution.

    According to court documents, David Mark Bartels, 38, of White Cloud, admitted to purchasing collections of CSAM while he was employed at Naval Station Guantanamo Bay. Forensic review of a five-terabyte hard drive seized from Bartels revealed tens of thousands of CSAM files within the folder “NSFWNopeDont openYou were WarnedDeeper.” These files included 1,500 images and videos of 285 known victims. Bartels used the Tor browser, which allows users to surf the dark web, to access images and videos of CSAM, including content depicting bondage, domination, and sadomasochism.

    Bartels pleaded guilty in January 2025 to one count of possession of child pornography by a person employed by the armed forces outside of the United States.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Acting U.S. Attorney Andrew B. Birge for the Western District of Michigan, and Special Agent in Charge Norm Dominesey of the NCIS Southeast Field Office made the announcement.

    NCIS Resident Agency Guantanamo Bay investigated the case.

    Trial Attorney McKenzie Hightower of the Criminal Division’s Child Exploitation and Obscenity Section (CEOS) and Assistant U.S. Attorney Doaa K. Al-Howaishy for the Western District of Michigan prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, visit www.justice.gov/psc.

    MIL Security OSI –

    June 14, 2025
  • MIL-OSI: Psychic Hotline | Accurate Psychic Phone Readings by Certified Experts – Special 2025 Announcement

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, CA, June 13, 2025 (GLOBE NEWSWIRE) —

    San Francisco, CA, June 12, 2025 (GLOBE NEWSWIRE) — In today’s fast-paced and unpredictable world, finding clarity and emotional balance can be difficult. Whether you’re going through a difficult relationship, career uncertainty, or a period of personal confusion, connecting with a skilled phone psychic through a trusted psychic hotline can provide the support and insight you need to move forward with confidence. 

    ⇒ Get Your Free Psychic Phone Reading Now — Certified Psychics On Call

    If you’re feeling lost, overwhelmed, or simply curious about what lies ahead, a single psychic phone reading could be the turning point in your journey. With a growing number of professional and compassionate phone psychics available, it’s never been easier to receive intuitive guidance from the comfort of your own home.   

    ⇒ Real phone psychics, real answers—get your first 5 minutes free!

    Psychic Hotline Trends: A 2025 Snapshot

    A newly released report by the-psychic-experts.com highlights the highest-rated psychic hotline services for 2025. As interest in psychic phone readings continues to surge, so does the demand for affordable, trustworthy, and accessible guidance. This annual review showcases providers offering reliable access to gifted phone psychics, making it easier than ever for people to connect with experienced readers who specialize in love, career, finances, and spiritual growth.

    ⇒ Certified phone psychics ready to help—get your free trial!

    In the face of global uncertainty, more individuals are turning to psychic phone services for emotional clarity and reassurance. These intuitive consultations help users navigate challenging decisions and discover their inner strength, without ever needing to leave the house.

    If you’re navigating love, seeking closure, or just curious about the road ahead, a conversation with a phone psychic could bring the clarity you’ve been searching for. The spiritual world may be just one phone call away.

    Let the psychic experts be your partner on this journey—connecting you with professional, compassionate advisors who are ready to help you move forward with insight and confidence.

    ⇒ Speak to a caring phone psychic—free trial for new clients

    What Is a Psychic Hotline and How Do Psychic Phone Readings Work?

    The growing need for accessible and timely spiritual guidance has fueled the rise of psychic hotlines. These services connect individuals with gifted advisors by phone, providing intuitive insights into love, career, relationships, and personal growth—all from the comfort of home.

    Understanding Psychic Hotlines

    A psychic hotline is a convenient service that allows individuals to connect with intuitive advisors by phone. Unlike traditional in-person readings, psychic phone readings remove geographical limitations, making it possible to receive guidance from anywhere in the world.

    This level of accessibility has made phone psychic services a popular choice for those seeking timely, private, and meaningful spiritual support.

    ⇒ Connect now with a verified phone psychic for powerful insights

    The Mechanics of Psychic Phone Readings

    During a phone psychic reading, the advisor connects with the client’s energy by tuning into voice vibrations. This energetic alignment allows the psychic to receive intuitive impressions, which are then shared with the client. The process is similar to tuning into a specific frequency, where the reader focuses in on the client’s unique energetic signature to offer clear, personalized insights.

    Telephone psychics often complement their intuitive abilities with tools such as tarot cards, astrology, clairvoyance, or mediumship. Despite the lack of physical presence, many clients report that the absence of visual distractions creates a more focused and meaningful experience, one that allows deeper spiritual connection and clarity.

    ⇒ Get an accurate psychic phone reading from certified advisors today!

    The Appeal of Psychic Phone Services

    One of the key benefits of psychic phone services is their flexibility. Clients can schedule sessions at times that work for them—no travel required and no rigid appointment windows. This level of convenience is ideal for those with busy schedules or living in remote areas where in-person readings may not be accessible.

    In addition, phone psychic readings offer a sense of privacy and emotional comfort. The ability to remain anonymous can be especially reassuring when discussing personal or sensitive topics. This confidentiality often helps clients feel more at ease, leading to deeper, more honest, and impactful sessions.

    ⇒ Speak with a phone psychic for instant, intuitive answers

    Benefits of Psychic Phone Readings

    Whether you’re coping with heartbreak, struggling with a major career decision, or facing financial stress, phone psychic readings offer emotional relief and actionable guidance. Key benefits include:

    • 24/7 access to trusted phone psychics
    • Total confidentiality and privacy in every session
    • Direct insight into love, relationships, finances, and personal growth
    • Anonymity for those who prefer discreet support
    • Instant access during moments of emotional urgency

    The unique voice-only format of psychic phone readings often encourages deeper emotional openness and focus, free from visual distractions. Many clients find this type of interaction more authentic, emotionally honest, and impactful than text or chat-based readings.

    ⇒ Try a phone psychic reading with no commitment

    What to Expect From Phone Psychics

    Trusted phone psychics are trained in creating safe, respectful, and judgment-free environments. They actively listen, offer genuine insight, and aim to empower you through clarity, not fear or dependency.

    Most psychic hotline platforms now feature detailed profiles, user reviews, and ratings, so you can choose the right advisor based on your preferences and needs. Some clients find transformation and healing after just one session, while others prefer regular consultations to track personal growth over time.

    ⇒ Speak to a gifted psychic by phone—start with free minutes!

    How to Choose the Right Psychic Hotline

    Not all psychic hotline services are created equal. When searching for a trustworthy service, look for:

    • Verified and experienced phone psychics
    • Transparent pricing and clear session policies
    • Positive client reviews and platform ratings
    • Secure payment systems and private communication
    • No pressure for large upfront payments or guaranteed outcomes

    An authentic phone psychic will prioritize your well-being and maintain ethical standards throughout your session.

    Let the-psychic-experts.com be your resource for clarity, connection, and intuitive support—right when you need it most.

    ⇒ Call a certified phone psychic and get clarity on love & life

    Finding the Right Psychic Hotline: Expert Tips

    Finding a psychic hotline that truly aligns with your needs can feel overwhelming, especially with so many services claiming to offer life-changing insights. To help you make an informed choice, here’s a simple guide for selecting the right psychic hotline for your next psychic phone reading.

    Look for Experience and Credibility

    When choosing a psychic hotline, it’s important to consider the platform’s credibility and the expertise of its advisors. Reputable psychic phone services often showcase their experience and history, which can be a strong sign of reliability. Look for services that offer clear, transparent information about each psychic’s background, specialties, and approach, so you can feel confident in your connection.

    ⇒ Enjoy free minutes with highly-rated phone psychics online!

    Check Specialties and Services

    Not all psychic hotlines are the same. Some focus on tarot readings, while others specialize in love, relationships, or career guidance. The right psychic hotline for you is one that aligns with your specific needs, whether you’re seeking clarity about your love life, your life path, or professional direction.

    A trustworthy phone psychic reading service will clearly outline the types of readings available—such as psychic phone readings, dream interpretation, energy healing, or astrology—so you can choose what resonates most and know what to expect.

    Read Client Testimonials

    A trustworthy psychic hotline service will often feature honest client reviews. These testimonials provide real-world insights into how readings have helped individuals navigate life’s challenges or gain much-needed clarity.

    While every reading is personal and unique, consistent feedback, such as mentions of accuracy, empathy, and meaningful guidance, can help you identify phone psychics who align with your needs.

    ⇒ Trusted psychic hotline offering 24/7 accurate phone readings

    Consider Pricing and Value

    It’s natural to look for affordable options, but it’s equally important to balance cost with the quality of the experience. Reputable psychic phone services are transparent about pricing and avoid hidden fees.

    Many offer introductory rates so you can explore the service at a lower cost before committing. Look for clear pricing structures that reflect the value and depth of insight you’ll receive, without compromising on professionalism or accuracy.

    Prioritize Accessibility and Support

    A reliable psychic hotline should feel easy and intuitive to use. Trusted phone psychic services offer access through multiple channels—whether via phone calls, chat, or scheduled sessions.

    Look for platforms that provide flexible scheduling and responsive customer support. When you’re seeking clarity or comfort, availability matters—and dependable services ensure you’re supported every step of the way.

    ⇒ Try your first psychic phone reading risk-free

    Trust Your Intuition

    Above all, your own instincts matter. As you explore different telephone psychic readings, check in with yourself: Does this feel right?

    A psychic hotline can guide you, but your intuition is key in choosing a reader who truly resonates with your energy. Take your time, explore a few different options, and choose a service that feels aligned with your values and personal journey.

    By following these tips, you can confidently navigate the world of psychic phone readings and choose a service that empowers you with clarity, comfort, and insight. The right connection can illuminate your path and support you through life’s questions—one call at a time.

    ⇒ Join thousands using our trusted psychic hotline today!

    Maximizing the Benefits of Psychic Phone Readings

    Psychic phone readings can be a deeply insightful and transformative experience, especially when approached with intention and preparation. To get the most out of your session, it’s important to be clear, open-minded, and ready to act on the guidance you receive. Here’s how to make your reading as impactful as possible:

    Be Clear About Your Intentions

    Before calling a psychic hotline, take a few moments to reflect on what you truly want to understand. Are you facing a relationship dilemma, a career decision, or questions about personal growth? Having a focused intention helps the psychic connect more clearly with your energy and provide more relevant insights.

    For example, instead of asking a general question like “What does my future hold?” try something more specific, such as “Is this relationship aligned with my long-term goals?” The clearer your question, the more actionable your reading will be.

    ⇒ Get emotional clarity from a caring phone psychic today

    Prepare Your Questions in Advance

    While spontaneity can lead to surprising insights, preparing thoughtful questions in advance ensures you cover the issues that matter most to you. Especially for matters of the heart, having love-related questions ready can bring sharper clarity.

    Here are a few meaningful questions to consider:

    • What is holding me back from finding love?
    • How can I strengthen my current relationship?
    • What does the future hold for my romantic life?

    Writing down your questions beforehand helps structure your session and shows the advisor that you’re ready for a meaningful conversation. Many experienced phone psychics appreciate a client who arrives with intention and focus.

    ⇒ Start your journey with a free psychic phone trial session

    Keep an Open Mind and Be Receptive

    One of the most valuable ways to enhance your psychic phone reading is to stay open and receptive. The insights you receive might not always match your expectations—and that’s okay. Psychics read energy and potential paths, which can sometimes reveal unexpected truths or possibilities.

    Resist the urge to interrupt or immediately dismiss unfamiliar information. Let the reading unfold, listen with curiosity, and take time afterward to reflect on what was shared. Even insights that feel unclear in the moment can offer deep clarity with time and introspection.

    By setting clear intentions, preparing your questions, and staying open to the experience, you create space for genuine insight and transformation. Psychic phone readings aren’t just about getting answers—they’re an opportunity to reconnect with your inner wisdom and gain clarity on your path forward.

    Create a Quiet and Relaxed Space

    The environment you choose for your psychic phone session plays a crucial role in how well you receive and absorb the guidance. Find a quiet, private space where distractions are minimal. Turn off your phone notifications, close the door, and allow yourself to be fully present during the call.

    This calm setting helps you and the phone psychic connect on a deeper, energetic level. Without interruptions, you’ll find it easier to pick up on subtle emotional cues, process insights, and ask meaningful follow-up questions.

    ⇒ Book a psychic phone reading with accurate spiritual advisors

    Reflect and Take Action

    A psychic phone reading is most valuable when you actively engage with the information shared. After your session, spend time reflecting on key insights, messages, or recurring themes. Writing down these points can help you remember and clarify the guidance received.

    Then, consider practical ways to apply this wisdom to your daily life. For example, if your reading emphasizes better communication, try initiating an open and honest conversation with your partner. If the advice centers on self-love, dedicate time to activities that boost your confidence and emotional well-being. The true power of psychic phone readings lies in turning insights into meaningful action.

    ⇒ Find trusted answers with expert phone psychics

    Schedule Follow-Up Readings Thoughtfully

    While it may be tempting to book readings back-to-back, it’s important to give yourself time to integrate each session’s guidance. Spacing out your psychic phone readings allows you to observe changes and understand how the advice applies to your situation.

    When new questions arise or you feel the need for a fresh perspective, you can return to the psychic hotline for additional support. This balanced approach prevents overwhelm and maximizes the clarity and growth that psychic guidance offers over time.

    ⇒ Get love & career advice with a certified psychic phone reader

    The Evolution of Psychic Hotlines

    Psychic hotlines have come a long way from their early days of simple phone consultations. Advances in technology now offer a variety of options, including video calls, chat sessions, and email readings to meet different client preferences.

    Despite these innovations, psychic phone readings remain a favored choice due to their simplicity and directness. The voice connection creates a unique sense of intimacy and trust between client and advisor, enhancing the overall experience and effectiveness of the reading.

    ⇒ Accurate psychic hotline available anytime you need answers!

    The Role of Psychic Hotlines in Modern Society

    In today’s world, where mental health and self-awareness are increasingly prioritized, psychic hotlines have become a valuable resource for individuals seeking clarity, direction, and emotional support. These services offer a unique blend of spiritual guidance and compassionate listening, empowering clients to navigate life’s challenges with greater confidence and insight.

    By providing immediate access to experienced advisors, psychic phone readings enable people to make informed decisions and embrace personal growth. Below, we explore the important roles psychic hotlines play in modern society.

    ⇒ Try a psychic phone reading now with free minutes included

    Offering Immediate Access to Spiritual Guidance

    One major reason psychic hotlines have grown in popularity is their ability to provide instant access to trusted phone psychics. Unlike traditional in-person appointments, these hotlines operate 24/7, allowing users to connect whenever they need support most. This immediacy is crucial during moments of emotional distress or when facing urgent life decisions, where waiting days or weeks for an appointment is simply not an option.

    Psychic hotlines effectively bridge the gap between demand and availability, connecting people with skilled advisors almost instantly. Whether dealing with a sudden breakup, career uncertainty, or family conflict, users appreciate being able to speak to a psychic quickly, making these services especially suited for busy, modern lifestyles.

    Providing Confidential and Judgment-Free Support

    Many people hesitate to share their deepest concerns with friends, family, or even therapists, often fearing judgment or misunderstanding. Psychic hotline services offer a confidential, anonymous space where individuals can openly express their fears, hopes, and questions without reservation.

    This nonjudgmental environment encourages honesty and vulnerability, allowing clients to explore sensitive topics such as love, relationships, finances, and personal growth. Knowing they are heard and supported by empathetic phone psychics fosters a sense of comfort and trust essential for meaningful guidance.

    ⇒ Call a phone psychic you can trust—available 24/7

    Supporting Emotional and Mental Wellness

    Beyond offering predictions or answers, psychic phone readings can provide vital emotional and mental wellness support. For many, these services bring clarity during times of confusion, overwhelm, or feeling stuck. The insights gained help reframe perspectives, boost confidence, and inspire empowered decision-making.

    As awareness of mental health grows, psychic hotlines have emerged as a complementary tool for those seeking alternative forms of support. For individuals who may not yet feel ready for traditional therapy or counseling, a psychic phone reading can offer reassurance, comfort, and motivation to face life’s challenges with renewed strength.

    Navigating Complex Relationships and Love Life

    Love and relationships remain among the most common reasons people turn to psychic hotline services. In today’s world, where relationships can be complex and influenced by evolving social norms, technology, and changing personal expectations, many seek personalized advice tailored to their unique situations. Whether facing breakups, new romances, or long-term commitments, psychic phone readings offer clarity on timing, compatibility, and emotional connection, helping reduce anxiety and inspire hope.

    ⇒ Speak to a psychic by phone and discover what’s ahead

    Facilitating Self-Discovery and Spiritual Growth

    Beyond addressing immediate concerns, psychic phone readings encourage deeper self-discovery and spiritual growth. Engaging with a psychic hotline often prompts introspection, allowing individuals to connect with their intuition and uncover hidden strengths or areas for personal development. This aligns with the rising cultural focus on mindfulness and holistic well-being, where psychic readings serve both as predictive tools and spiritual practices supporting one’s life journey.

    Adapting to Technological Advancements

    The growing success of psychic hotlines reflects how spiritual services have evolved alongside technology. Moving from traditional in-person sessions to phone and online platforms, psychic readings are now more accessible and affordable than ever. Leveraging mobile devices, apps, and internet connectivity, modern psychic hotline services reach a global audience without geographic or time restrictions. This convenience has played a significant role in their widespread acceptance.

    ⇒ Trusted psychic phone service—start your free reading today!

    Offering Affordable Alternatives for Spiritual Guidance

    Cost often limits access to professional advice from therapists, counselors, or spiritual advisors. Psychic hotlines frequently provide flexible pricing, including shorter, budget-friendly sessions and introductory offers, making spiritual guidance more accessible to a broader audience. This affordability helps democratize psychic readings, expanding their reach beyond traditional clients and serving an essential social function by delivering economical emotional support and insight.

    ⇒ Explore your future with accurate psychic phone readings

    Promoting Cultural and Personal Diversity

    Contemporary psychic hotlines embrace a wide range of spiritual traditions, connecting users with advisors skilled in tarot, astrology, clairvoyance, numerology, and more. This inclusivity respects diverse cultural backgrounds and personal beliefs, making psychic guidance approachable and relevant for many. The rich variety of practices offered reflects society’s growing appreciation for multiple worldviews and holistic healing modalities.

    Enhancing Decision-Making in Uncertain Times

    In today’s uncertain world, marked by global crises and personal upheavals, many find themselves at critical crossroads, seeking clarity about life’s next steps. Psychic phone readings provide valuable insights that help evaluate options and foresee potential outcomes, offering a sense of direction. Consulting a psychic hotline gives an external, intuitive perspective that complements logical thinking, especially useful when making complex decisions related to careers, relationships, or finances, where emotions and facts intertwine.

    ⇒ Gain peace of mind with a certified phone psychic today

    Emerging Trends in Psychic Hotlines for 2025

    The psychic hotline industry is evolving rapidly, driven by advances in technology, shifting customer expectations, and broader societal changes. Understanding these emerging trends reveals where the most trusted psychic hotline experiences are headed and how you can benefit from these innovations.

    Integration of AI and Virtual Assistants in Psychic Hotlines

    One of the most groundbreaking shifts in psychic phone services is the integration of artificial intelligence (AI) and virtual assistants. While authentic psychic readings rely on human intuition and connection, AI is increasingly enhancing service efficiency and personalization. For example, AI-powered chatbots can manage initial inquiries, gather key details about your questions, and streamline appointment scheduling before connecting you to a live psychic.

    This fusion of AI and human psychic insight helps improve reading accuracy by preparing advisors more effectively. Additionally, AI algorithms analyze your past readings and preferences to recommend the most suitable psychic hotline specialists tailored to your unique needs, boosting client satisfaction and results.

    ⇒ Access a trusted psychic hotline and feel more empowered!

    Increased Demand for Personalized Psychic Experiences

    Modern users seek more than generic advice—they want psychic phone readings deeply personalized to their life’s unique challenges and goals. This demand has pushed psychic hotline platforms to adopt advanced profiling and data-driven approaches.

    Instead of one-size-fits-all consultations, today’s phone psychics are trained to listen empathetically and focus on individualized guidance, making readings more impactful and actionable. Many services now offer multi-session packages or ongoing mentorship programs, transforming one-time readings into long-term spiritual support that builds trust and loyalty.

    ⇒ Speak to a live phone psychic with verified accuracy!

    Rise of Mobile App-Based Psychic Hotline Services

    As smartphone usage soars, psychic hotline services are increasingly delivered through mobile apps, making it easier than ever to connect with phone psychics anytime, anywhere. These apps often feature instant chat, video calls, and simple payment systems, creating seamless, user-friendly experiences.

    Push notifications and scheduling reminders help clients stay on track with their readings. This mobile-first approach especially appeals to younger generations who prefer on-demand, flexible spiritual guidance that fits their fast-paced lifestyles.

    ⇒ Get answers fast from an expert phone psychic reader

    Multimedia Psychic Sessions: Combining Phone, Chat, and Video

    While traditional psychic hotline services have primarily relied on voice calls, 2025 is witnessing a growing trend toward multimedia psychic sessions. Clients can now choose from combinations of phone, chat, and video readings tailored to their preferences and comfort levels.

    Video readings introduce a visual dimension, allowing psychics to better interpret body language and foster a deeper, more personal connection. Meanwhile, text chat offers a discreet alternative for users who prefer privacy or need to stay low-key in public settings.

    By offering these flexible communication options, psychic hotlines become more accessible and inclusive, meeting the diverse needs and communication styles of today’s clients.

    ⇒ Claim your free psychic phone session now

    Greater Emphasis on Ethical Practices and Transparency

    With the rising popularity of psychic hotline services, clients are increasingly demanding high ethical standards and transparency. Modern users want clear, upfront information about pricing, psychic qualifications, and privacy policies before committing to readings.

    Leading psychic hotlines in 2025 emphasize honesty and professionalism by providing detailed service descriptions, transparent refund policies, and thorough training for their advisors on ethical conduct, confidentiality, and respectful communication.

    This commitment to ethics enhances consumer trust and helps distinguish reputable psychic hotlines from less reliable competitors in a crowded marketplace.

    ⇒ Call a certified phone psychic for honest, clear insights!

    How Younger Generations Are Embracing Psychic Hotlines Differently

    Millennials and Gen Z are reshaping the demographic for psychic hotline services. Unlike previous generations, many younger users see psychic readings as tools for self-exploration, mindfulness, and emotional wellness rather than mere fortune-telling.

    They often integrate psychic phone readings with other wellness practices like meditation, journaling, and therapy, creating a holistic approach that amplifies the value of psychic insights.

    Additionally, younger clients favor tech-savvy, interactive platforms and flexible pricing options, such as pay-as-you-go or monthly subscription plans offered by leading psychic hotline providers.

    ⇒ Receive spiritual guidance from highly-rated phone psychics!

    New Pricing Models and Subscription Services

    Pricing innovations are transforming how psychic phone readings are delivered in 2025. While per-minute rates remain standard, many hotlines now offer subscription-based models with unlimited or discounted readings for a fixed monthly fee.

    This approach benefits frequent users by lowering overall costs and providing predictable expenses, encouraging ongoing engagement with trusted phone psychics. Some services also include bonus resources like guided meditations or self-help exercises as part of their packages.

    At the same time, affordable options, including budget-friendly or “cheap phone psychics,” are becoming more widely available. This makes spiritual guidance accessible to a broader audience without compromising on quality.

    ⇒ Find clarity with phone psychic readings from trusted advisors

    Find Your Perfect Psychic Hotline With The Psychic Experts

    Psychic hotlines continue to be a trusted and essential resource for anyone seeking immediate, personalized guidance through psychic phone readings. The convenience of connecting with a skilled phone psychic anytime, anywhere provides unmatched accessibility, allowing you to gain valuable insights on love, career, finances, and life’s challenges without leaving the comfort of your home.

    The-Psychic-Experts.com highlights the dedication of a leading psychic hotline service to uphold high ethical standards, transparent communication, and professional, empathetic readings. The intimate, voice-to-voice nature of phone readings creates a uniquely comforting experience that many users find more personal and reassuring than text or online chat alternatives.

    Ultimately, psychic phone readings offer an immediate, confidential, and reliable way to gain clarity and support. Whether you’re facing urgent decisions or seeking deeper understanding, the leading psychic hotline services help you navigate uncertainty with compassion and trust.

    ⇒ Find clarity with phone psychic readings from trusted advisors

    FAQs

    What can I expect from a psychic hotline reading?

    A psychic hotline reading typically involves a live session with an experienced phone psychic who uses their intuitive abilities to answer your questions or provide guidance on various areas such as love, career, finances, or general life advice.

    How do I choose a trusted psychic hotline?

    Look for services with transparent pricing, verified psychic profiles, positive client testimonials, and multiple reading options, including phone, chat, and video. Ethical practices and responsive customer support are also essential.

    Are psychic phone readings accurate?

    Accuracy varies depending on the psychic’s skills and your openness during the session. Reputable psychic hotlines connect you with trained readers who strive to offer clear and helpful insights.

    Is my privacy protected during a psychic phone reading?

    Yes, trusted psychic hotline services maintain strict confidentiality policies. Your personal information and the content of your readings are kept private and secure.

    Can I ask any questions during a psychic hotline reading?

    Absolutely. You can ask a wide range of questions—from love and relationships to career and life challenges. Being clear and specific with your questions helps the psychic provide more precise and useful guidance.

    Media Contact
    Company: The Psychic Experts
    Contact Person: Anthony C. Bedoya
    Email: support@the-psychic-experts.com
    Address: 1 Fremont St, Las Vegas, NV 89101, USA
    URL: https://the-psychic-experts.com/
    Phone: +1 414-203-2598
    Content Accuracy Disclaimer
    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.
    Affiliate Disclosure
    This article may contain affiliate links. If you purchase a product or service through these links, the publisher may earn a commission at no additional cost to you. These commissions help support the creation of in-depth reviews and educational wellness content.
    The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.
    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
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    The MIL Network –

    June 14, 2025
  • MIL-OSI: Monolithic Power Systems Announces Second Quarter 2025 Dividend

    Source: GlobeNewswire (MIL-OSI)

    KIRKLAND, Wash., June 13, 2025 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its second quarter dividend of $1.56 per common share to all stockholders of record as of the close of business on June 30, 2025. The dividend will be paid on July 15, 2025.

    Safe Harbor Statement 
    This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will,” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Qs, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, MPS does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the initial distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

    About Monolithic Power Systems
    Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

    ###

    Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

    Contact:
    Bernie Blegen
    Executive Vice President and Chief Financial Officer
    Monolithic Power Systems, Inc.
    408-826-0777
    MPSInvestor.Relations@monolithicpower.com 

    The MIL Network –

    June 14, 2025
  • MIL-OSI: Safe Harbor Financial CEO Terry Mendez to Serve as “Shark” during Conscious Capitalist Sessions at Psychedelic Science 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 13, 2025 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Safe Harbor Financial (Nasdaq: SHFS) (“Safe Harbor” or the “Company”), a fintech leader facilitating financial services and credit facilities for the regulated cannabis industry, announced that its Chief Executive Officer, Terry Mendez, will serve as a featured “Conscious Capitalist” at Psychedelic Science 2025 (PS2025). The Conscious Capitalism Workshop will be held on Monday, June 16, 2025, from 2:30 p.m. to 6:00 p.m. at the Colorado Convention Center in Denver.

    Hosted by the Multidisciplinary Association for Psychedelic Studies (MAPS), PS2025 is the world’s largest psychedelic conference, convening entrepreneurs, investors, scientists, healers, policymakers, and Indigenous knowledge-keepers from around the globe.

    The Conscious Capitalism Workshop—informally dubbed the “Shark Tank” of PS2025—prioritizes mentorship over competition, offering an interactive platform where mission-driven startups pitch visionary ideas to a panel of impact investors and advisors. As one of the featured “Sharks,” Mendez will offer real-time feedback to participants, sharing insight on values-based business building in complex, regulated sectors.

    “As someone who’s spent a career working to build trust-based financial systems in challenging markets, I’m honored to participate in this movement,” said Mendez. “This event isn’t about judging ideas—it’s about uplifting bold entrepreneurs and giving them an opportunity to turn transformative visions into sustainable business models.”

    Mendez became CEO in early 2025, bringing deep experience in cannabis, finance, and business transformation. Since then, Safe Harbor has started to evolve beyond banking to provide cannabis businesses nationwide with the financial guidance, services, and support they need to succeed.

    Mendez added, “Our goal is simple: to give operators access to focused expertise and solutions at a cost they can afford — eliminating unnecessary overhead while improving clarity, cost control, and operational efficiency.”

    About Safe Harbor: 
    Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions that provide traditional banking services to cannabis, hemp, CBD and ancillary operators, making communities safer, driving growth in local economies and fostering long-term partnerships. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past decade, Safe Harbor has facilitated more than $25 billion in deposit transactions for businesses with operations spanning more than 41 states and US territories with regulated cannabis markets. For more information, visit https://shfinancial.org/.

    Cautionary Statement Regarding Forward-Looking Statements:
    Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S and state laws, rules, regulations and guidance relating to Safe Harbor’s services; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; success or viability of new product and service offerings Safe Harbor may introduce in the future; the impact volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that have been or may be brought by or against Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Safe Harbor Investor Relations Contact: 
    ir@SHFinancial.org

    Safe Harbor Media Relations Contact:
    Ellen Mellody
    570-209-2947
    safeharbor@kcsa.com

    The MIL Network –

    June 14, 2025
  • MIL-OSI: ACM Research to Participate at the 15th Annual ROTH London Conference

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., June 13, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced its participation in the 15th Annual ROTH London Conference at Park Lane, Hamilton Place, London on Wednesday, June 25, 2025.

    Management will be available for one-on-one and small group meetings with institutional investors throughout the day. For more information about the conference or to request a one-on-one meeting, please contact a Roth sales representative.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

    For investor and media inquiries, please contact:

    In the United States:   The Blueshirt Group
        Steven C. Pelayo, CFA
        +1 (360) 808-5154
        steven@blueshirtgroup.co
         
    In China:   The Blueshirt Group Asia
        Gary Dvorchak, CFA
        gary@blueshirtgroup.co

    The MIL Network –

    June 14, 2025
  • MIL-OSI: Wintrust Financial Corporation Announces Redemption of All Outstanding Series D and Series E Preferred Stock and Related Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    ROSEMONT, Ill., June 13, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced that on July 15, 2025 it will redeem (i) all of the 5,000,000 issued and outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”) (Nasdaq: WTFCM), for a redemption price of $25.00 per share, and (ii) all of the 11,500 issued and outstanding shares of its 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E (the “Series E Preferred Stock”), and all of the related 11,500,000 issued and outstanding depositary shares (the “Depositary Shares”) (Nasdaq: WTFCP), each representing a 1/1,000th interest in a share of Series E Preferred Stock, for a redemption price of $25,000 per share of Series E Preferred Stock (or $25.00 per Depositary Share). The redemptions will be funded with a portion of the net proceeds from Wintrust’s previously disclosed public offering of depositary shares, each representing a 1/1,000th interest in a share of its 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, which was completed on May 22, 2025.

    The Series D Preferred Stock and Series E Preferred Stock (and related Depositary Shares) will be redeemed on the upcoming dividend payment date of July 15, 2025 (the “Redemption Date”). On and after the Redemption Date, no shares of Series D Preferred Stock, Series E Preferred Stock or Depositary Shares will remain outstanding, and trading of the Series D Preferred Stock and Depositary Shares on the NASDAQ Stock Market will also cease.

    The regular quarterly dividends on the Series D Preferred Stock and the Series E Preferred Stock represented by the Depositary Shares will be paid separately on the Redemption Date to holders of record on July 1, 2025 for such dividend payment in the customary manner. Accordingly, the redemption price will not include any accrued and unpaid dividends. On and after the Redemption Date, all dividends on the Series D Preferred Stock and Series E Preferred Stock (and related Depositary Shares) will cease to accrue.

    The Series D Preferred Stock and the Depositary Shares are held only in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the applicable procedures of DTC. Payment to DTC for the Series D Preferred Stock will be made by Equiniti Trust Company, LLC, as redemption agent for the Series D Preferred Stock (the “Redemption Agent”). The address for the Redemption Agent is as follows:

    Equiniti Trust Company, LLC
    28 Liberty Street, 53rd Floor
    New York, NY 10005

    Payment to DTC for the Depositary Shares will be made by U.S. Bank Trust Company, National Association, as depositary (the “Depositary”), in accordance with the deposit agreement governing the Depositary Shares. The address for the Depositary is as follows:

    U.S. Bank Global Corporate Trust
    111 Fillmore Ave E
    St. Paul, MN 55107

    Investors in the Series D Preferred Stock and the Depositary Shares should contact the bank or broker through which they hold a beneficial interest in the Series D Preferred Stock or Depositary Shares, as applicable, for information about obtaining the redemption price payment for the shares of Series D Preferred Stock or Depositary Shares, as applicable, in which they have a beneficial interest.

    About Wintrust

    Wintrust is a financial holding company whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on management’s current expectations and beliefs and certain assumptions made by our management. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust’s expected financial results or other plans, including Wintrust’s intention to redeem the outstanding shares of the Series D Preferred Stock, the Series E Preferred Stock and the Depositary Shares, are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, any of which could cause actual results to differ from those contained in the forward-looking statements, see Wintrust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and any of Wintrust’s subsequent SEC filings. Forward-looking statements speak only as of the date made and, except as required by law, Wintrust undertakes no duty to update the information.

    For more information contact:
    Timothy S. Crane, President & Chief Executive Officer
    David A. Dykstra, Vice Chairman & Chief Operating Officer
    (847) 939-9000

    Source: Wintrust Financial Corporation

    The MIL Network –

    June 14, 2025
  • MIL-OSI USA: Warner & Kaine: New Report Shows over 302,000 Virginians will Lose Health Insurance Under GOP Plan

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON – Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) issued the following statement after a new Joint Economic Committee (JEC) report found that an estimated 302,608 Virginians would lose their health insurance under President Trump and Republicans’ tax plan:

    “This new report estimates that the Trump tax plan would cause over 302,000 Virginians, including low-income children and people with disabilities, to lose their health insurance—all to pay for tax cuts for billionaires. That’s over 302,000 Virginians who will be forced to forgo a trip to the doctor’s office or get the critical medication they need. These cuts will have long-term, negative consequences for the health and wellbeing of our communities and our already overburdened health care system. We are committed to doing everything we can to stop this bill that will do real harm to communities across Virginia and the country.”  

    According to the JEC, an estimated 136,583 Virginians would lose coverage under the Affordable Care Act, and 166,025 Virginians would lose coverage under Medicaid. This JEC report is based off of the latest numbers available, including from the nonpartisan Congressional Budget Office’s recent analysis of the Republican tax bill.

    Warner and Kaine have been sounding the alarm about the effects of the GOP plan on Virginia families if Republicans in Congress continue to insist on gutting vital programs in order to pay for tax breaks for the richest Americans. The senators have noted that the GOP bill would cut SNAP benefits for more than 204,000 people in Virginia, raise energy costs for Virginia households, and jeopardize more than 20,000 Virginia jobs. The bill would also explode the deficit, eliminate a program allowing Americans to file federal taxes for free, raise taxes on minimum-wage workers while giving the richest 0.1% a $188,000 tax cut, and eliminate gun safety measures.

     

    MIL OSI USA News –

    June 14, 2025
  • MIL-OSI USA: Warner, Colleagues Question President Trump over Decision to Fire NTSB Vice Chair

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON – Today, U.S. Sen. Mark R. Warner (D-VA) joined by Sens. Richard Blumenthal (D-CT), Ruben Gallego (D-AZ), Chris Van Hollen (D-MD), Kirsten Gillibrand (D-NY), and Jeff Merkley (D-OR) wrote to President Trump questioning his administration’s decision to remove National Transportation Safety Board (NTSB) Vice Chair Alvin Brown. The move is especially alarming given that NTSB plays a critical role in investigating transportation accidents like the deadly January 29th collision that killed 67 people.

    In their letter the senators highlighted the independent nature of NTSB and stressed the need to have qualified individuals serve on the board.

    The senators wrote, “Congress designed the Board to represent a range of viewpoints by mandating that no more than three of the five members be of the same political party. Additionally, Congress removed the Board from the Department of Transportation and reestablished it as an independent establishment of the U.S. government to ensure the NTSB retains its independence and that NTSB staff are able to fulfill their mission of performing investigations into certain transportation accidents, including every civil aviation accident in the United States, by determining the probable cause of the accident and issuing safety recommendations.”

    They continued, “The NTSB provides support to the victims, survivors, and families following a transportation accident – including facilitating the recovery and identification of fatally injured passengers. The NTSB has earned the trust of the transportation industry and millions of Americans through many grueling investigations; because of the NTSB, improved transportation safety has come out of calamity and tragedy.”

    The senators also questioned the rationale behind President Trump’s decision to remove Vice Chair Brown without naming a replacement, leaving a vacancy in this crucial role that manages nearly 1250 investigations in the United States and supports more than 150 foreign investigations each year.

    “Mr. Brown’s removal is consistent with your Administration’s dismissals of federal government leaders on the basis of bald partisanship and animus, however it is inconsistent with the law. The recklessness of vacating a leadership role on the NTSB in this critical moment in aviation safety runs counter to your obligations to the American people,” they wrote.

    This is only the latest in the Trump administration’s reckless purge of qualified federal workers for political reasons. Earlier this week, Sen. Warner lead a group of colleagues objecting to Director of National Security Tulsi Gabbard’s decision to unilaterally terminate the Acting Counsel of the Office of the Intelligence Community Inspector General, and he has repeatedly warned of the lasting damage of the Trump administration’s continued politicization of nonpartisan government positions and removal of employees.

    A copy of letter is available here and text is below.

    Dear President Trump:

    On January 29, 2025, 67 souls were lost in the midair collision between an American Airlines flight inbound to Ronald Reagan Washington National Airport (DCA) and a U.S. Army helicopter. The survivors of the loved ones lost and our unanimous commitment is to prevent a tragedy like this from happening ever again. The National Transportation Safety Board (NTSB or Board) is vital to ensuring that outcome which is why we were alarmed by the abrupt firing of Alvin Brown who recently served as the Vice Chair of the Board. We urge you to reevaluate your Administration’s actions related to Mr. Brown and reinstate his membership to the NTSB. 

    The law directs the President to appoint, and the Senate to consent to, the five members of the Board, each serving a term of five years.   Congress designed the Board to represent a range of viewpoints by mandating that no more than three of the five members be of the same political party.  Additionally, Congress removed the Board from the Department of Transportation and reestablished it as an independent establishment of the U.S. government to ensure the NTSB retains its independence and that NTSB staff are able to fulfill their mission of performing investigations into certain transportation accidents, including every civil aviation accident in the United States, by determining the probable cause of the accident and issuing safety recommendations. 

    The NTSB provides support to the victims, survivors, and families following a transportation accident – including facilitating the recovery and identification of fatally injured passengers. The NTSB has earned the trust of the transportation industry and millions of Americans through many grueling investigations; because of the NTSB, improved transportation safety has come out of calamity and tragedy. Upwards of “82 percent of NTSB recommendations have led to the implementation of safety improvements deemed acceptable by the Board.” 

    On May 5, 2025, you fired the Vice Chair of the NTSB, Mr. Alvin Brown. Mr. Brown was appointed by President Biden and confirmed by the Senate in December 2024 to a term expiring on December 31, 2026. When you fired Mr. Brown, you failed to identify a potential replacement, creating a vacancy on the Board as it manages nearly 1,250 investigations in the United States, and supports close to 160 foreign investigations.  You provided no justification or explanation for Mr. Brown’s abrupt removal even as the law requires that a Board member may only be removed for cause in the form of inefficiency, neglect of duty, or malfeasance of office.   When your Administration removed Mr. Brown from his position on the National Transportation Safety Board, you made it clear that it was for reasons unrelated to those enumerated in law and even thanked him for his service.  Had Congress intended NTSB members in good standing to be removable by the President at will, it would have written the law accordingly. Mr. Brown’s removal is consistent with your Administration’s dismissals of federal government leaders on the basis of bald partisanship and animus, however it is inconsistent with the law. The recklessness of vacating a leadership role on the NTSB in this critical moment in aviation safety runs counter to your obligations to the American people.

    The traveling public relies on the NTSB to be a strong watchdog for transportation safety. Too many advances in aviation safety have come on the heels of a tragedy; but since 1967, the NTSB has worked to ensure the lessons learned are integrated into the aviation industry. Your recent actions indicate that your priorities for aviation safety are focused more on partisan politics rather than the safety of the millions of Americans who use our skies. We hope you will prove us wrong and ask that, in the absence of a showing that your actions to remove Mr. Brown complied with the law, you immediately reinstate Mr. Brown to the NTSB to complete his term of service as Vice Chair and to affirm your commitment to upholding the independence of the NTSB and allow the Board to perform their Congressionally-mandated duties to keep America’s transportation systems safe.

    Sincerely,

    MIL OSI USA News –

    June 14, 2025
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