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  • MIL-OSI New Zealand: Steely joint operation lands half a tonne of methamphetamine

    Source: New Zealand Police (National News)

    A joint Customs and Police operation has swooped on New Zealand’s second largest importation of methamphetamine, concealed in steel beams.

    Both agencies descended on a rural Waikato property in darkness early on Friday morning, with two men visiting from Australia being arrested in the process of deconstructing the beams.

    Customs earlier located the concealment of 515 kilograms of methamphetamine within the hefty steel beams in early September, after being sent from the United States.

    Customs’ intelligence gathering and associated targeting prompted further investigation of the shipment, which uncovered inconsistencies in some of the 42 steel beams.

    Customs’ Sea Cargo Inspections Facility officers x-rayed selected items in the consignment and conducted other additional examinations which led to the discovery of the large amount of methamphetamine.

    Under Operation Girder, Police’s National Organised Crime Group (NOCG) have worked alongside Customs to identify the group responsible, with warrants being executed across Auckland and the Waikato over recent days.

    All up five men, aged between 31 and 51, have been arrested. All initially appeared in the Auckland District Court on Friday, facing charges relating to the importation and supply of methamphetamine.

    One of these men has been charged with unlawful possession of firearms after a military-style semi-automatic rifle and ammunition were recovered.

    The two men arrested in the Waikato on 4 October are New Zealand passport holders but reside in Australia.

    Detective Inspector Colin Parmenter, from the National Organised Crime Group, says the seizure is a significant disruption to the wider drug market operating within New Zealand.

    “The significant amount seized in this operation is another demonstration of the Police and Customs partnership and commitment to the disruption and dismantling of transnational organised drug networks.

    “It’s estimated that this shipment would have gone on to produce 25.7 million individual doses of this destructive drug, and preventing this harm is a key motivation for our staff.

    “The organised criminal groups looking to profit from this type of offending will continue to be a key focus of our attention and resources.

    This seizure is yet another example of the work being carried out to make New Zealand more resilient to transnational organised crime, Detective Inspector Parmenter says.

    Investigations will continue and further arrests cannot be ruled out.

    Customs says the operation shows law enforcement in New Zealand continues to successfully combat transnational organised crime.

    “Customs’ intelligence gathering and targeting have played a critical role in detecting this smuggling attempt and identifying people responsible,” Customs’ Group Manager Intelligence, Investigations and Enforcement, Terry Brown, says.

    “This joint operation has yielded intelligence that will lead to further enforcement opportunities for Customs and Police and has prevented more than $570 million in harm to New Zealand communities and our economy.

    “The method and scale of this smuggling operation clearly illustrate the amount of efforts organised crime groups are willing to go to but our seizure and the arrests Police have made equally show the skill and determination investigations and enforcement teams will apply to detect, disrupt and dismantle these criminal efforts,” Mr Brown says.

    Anyone with suspicions about possible smuggling should contact Crime Stoppers anonymously on 0800 555 111 or Customs confidentially on 0800 WE PROTECT (0800 937 768).

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI United Kingdom: Expressions of Interest: Havre des Pas Lido and Concession08 October 2024 The Minister for Infrastructure, Connètable Andy Jehan, has published an expressions of interest document for the Havre des Pas Lido and Concession. The Government welcomes interest from operators who… Read more

    Source: Channel Islands – Jersey

    08 October 2024

    The Minister for Infrastructure, Connètable Andy Jehan, has published an expressions of interest document for the Havre des Pas Lido and Concession.

    The Government welcomes interest from operators who wish to manage the Havre des Pas open seawater pool and its associated concession facility.

    This historic and iconic coastal destination, situated in one of Jersey’s most scenic locations, provides a unique opportunity to contribute to the Island’s community life and visitor economy. 

    The Government is seeking an operator committed to ensuring inclusive, year-round, mixed-use access to this public asset.

    ​The facility should serve the diverse needs of the Island, including families, recreational swimmers, fitness enthusiasts and social groups while enhancing Jersey’s appeal to the local community and visitors.

    Minister for Infrastructure, Connètable Andy Jehan said:

    “The Havre des Pas Lido is a vital public asset, and we want to hear from individuals, businesses, and community groups who would be interested in potentially operating the Lido for the benefit of the community. We are willing to listen to expressions of interest for the operation of the whole site, or for part of the Lido. 

    “This is an important step towards ensuring the year-round inclusive community use of the Havre des Pas Lido, and it will assist us in identifying potential future uses. We are open to all ideas and options, provided that they are built around the interests of the Island community, and especially Islanders living in St Helier. We are confident in creating an exciting future for Havre des Pas and look forward to working in partnership with interested parties to achieve our vision.  

    “A formal tender process will then follow at the conclusion of this expression of interest process.”

    ​

    MIL OSI United Kingdom –

  • MIL-OSI USA: Peters, Stabenow Introduce Legislation to Grant Federal Recognition to the Grand River Bands of Ottawa Indians

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senators Gary Peters (D-MI) and Debbie Stabenow (D-MI) introduced legislation that seeks to grant federal recognition to the Grand River Bands of Ottawa Indians (GRB). In addition to granting federal recognition to the GRB, the Grand River Bands of Ottawa Indians Restoration Act would make its members eligible for benefits and services provided by the federal government, including tuition, health care, and housing assistance. U.S. Representative Scholten (D-MI-03) has introduced companion legislation in the House of Representatives. 

    The GRB is a native sovereign nation with agreements with the federal government dating back to 1795. The GRB originally included 19 bands of Ottawa people who lived along the Grand River and other waterways in southwest Michigan. Today, most of the GRB’s membership resides in Kent, Muskegon, and Oceana counties. 

    “For decades, the Grand River Bands of Ottawa Indians has been working to gain federal Tribal recognition,” said Senator Peters. “This bill would finally give them the recognition they deserve, bringing federal resources to its members and protecting their Tribal lands for future generations.”  

    “The Grand River Bands of Ottawa Indians have deep roots in Michigan going back generations,” said Senator Stabenow. “The tribe is recognized by the State of Michigan, but not by the Department of Interior.  This legislation would finally grant federal recognition to this tribe.”

    “On behalf of the Grand River Bands of Ottawa Indians, I thank Sen. Peters and the delegation members who introduced and co-sponsored this bill. After decades of delays, this bill brings renewed hope that our Tribe will achieve federal recognition and our members will gain access to the resources they deserve, including critical funding for social services, education, housing, elder care, exercising our treaty rights and weighing in on federal legislation that impacts tribes. We are grateful to Sen. Peters for his leadership and dedication to justice for the Grand River Bands,” said Ron Yob, Chairman of the Grand River Bands of Ottawa Indians.  

    This legislation is supported by community partners and local government leaders including the Lower Grand River Organization of Watersheds; the West Michigan Plumbers, Fitters and Service Trades; and other key stakeholders throughout Michigan. Rep. Scholten’s House companion legislation is supported by Reps. John Moolenaar (R-MI-02), Dan Kildee (D-MI-08), Jack Bergman (R-MI-01), Lisa McClain (R-MI-09), Tim Walberg (R-MI-05), Haley Stevens (D-MI-11), Elissa Slotkin (D-MI-07), and John James (R-MI-10).  

    Peters and Stabenow have previously led efforts to support Tribal communities across Michigan. In August, the Senate Homeland Security and Governmental Affairs Committee advanced legislation authored by Peters that would require the Federal Emergency Management Administration (FEMA) to accept requests from Tribal governments to receive Fire Management Assistance Grant (FMAG) Declarations. Last year, the Senate unanimously passed legislation introduced by Peters and Stabenow to settle the longstanding land claims of the Keweenaw Bay Indian Community (KBIC) and clear the title of current landowners in the community. The bill authorizes federal funds through the U.S. Department of the Interior (DOI) that may be used by the KBIC for governmental services, economic development, natural resource protection, and land acquisition. 

    MIL OSI USA News –

  • MIL-OSI USA: Pallone Announces Over $44 Million in Federal Funding to Replace Lead Pipes in New Jersey

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06), Ranking Member of the House Energy and Commerce Committee, announced today that New Jersey will receive more than $44 million in federal funding from the Environmental Protection Agency (EPA) to replace lead pipes. This funding, which Pallone secured through Bipartisan Infrastructure Law, will help modernize aging water systems and tackle the critical issue of lead contamination in the state.

    Lead exposure, particularly for children, has been linked to developmental delays and cognitive issues. This new federal funding will prioritize the removal of hazardous lead service lines, supporting ongoing efforts to protect the health and safety of families in schools, homes, and communities throughout New Jersey.

    “As part of the Bipartisan Infrastructure Law, I led the charge to include substantial investments in clean water infrastructure, like the funding being announced today,” said Pallone. “Safe drinking water is a basic human right, yet right now, millions of American families cannot trust the water coming out of their taps. This funding is a major win for New Jersey and a crucial step toward ensuring every community has access to clean, safe drinking water. We’re delivering real results to protect families and improve water quality across the state.”

    As part of this initiative, the EPA also announced today the new Lead and Copper Rule Improvements (LCRI) rule, which requires water systems across the country to identify and replace all lead service lines within 10 years. Additionally, the EPA announced $2.6 billion in funding for drinking water infrastructure projects nationwide. The $44 million investment for New Jersey will strengthen the state’s ability to remove lead service lines, ensuring that communities statewide—especially those most affected by outdated infrastructure—can rely on safe, clean drinking water.

    For more information on the EPA’s Lead and Copper Rule Improvements and funding opportunities available through the Bipartisan Infrastructure Law, visit www.epa.gov/lead-copper-rule.

    MIL OSI USA News –

  • MIL-OSI USA: Van Orden, Landsman Introduce Bipartisan Legislation to Strengthen Suicide Prevention and Mental Health Support for Veterans

    Source: United States House of Representatives – Congressman Derrick Van Orden (Wisconsin 3rd)

    WASHINGTON, D.C. – Today, Congressman Derrick Van Orden (WI-03), Congressman Greg Landsman (D-OH), Congressman Morgan Luttrell (R-TX), and Congressman Chris Deluzio (D-PA) introduced bipartisan legislation to strengthen suicide prevention and mental health support for veterans. TheWhat Works for Preventing Veteran Suicide Actwill require the U.S. Department of Veterans Affairs (VA) to establish establish clear and measurable objectives and implement best practices for suicide prevention pilots and grant programs that would allow for more effective data collection.

    “We are still losing record numbers of our veterans everyday to suicide,” said Rep. Van Orden. “Until we do everything we can to prevent veteran suicide, we are not doing enough. I am proud to stand with Rep. Landsman in introducing this bipartisan legislation to ensure VA is directing their efforts to the most effective suicide prevention treatments and programs. Our vets had our backs in when they were in uniform. We must do everything we can to have theirs now.”

    “This bill will save countless lives,” said Rep. Landsman. “Too many veterans are dying by suicide every day, and we have to do more to prevent it. Many veterans are dealing with severe mental health issues and deserve the best care possible. If we focus the VA’s resources on the most effective programs, we can make a significant impact in reducing these heartbreaking and entirely unacceptable rates of veteran suicide.” 

    “Veteran suicide is a crisis we cannot afford to overlook, especially as the numbers continue to climb,” said Rep. Luttrell. “As someone who served alongside many of these brave men and women, I am committed to ensuring we bring this number down and eventually to zero. This bill will help us understand which programs are truly working, so we can maximize on those efforts and save lives.”

    “The crisis of veteran suicide demands all of our best efforts, and that means using proven and effective tactics and tools to save lives,” said Rep. Deluzio. “I’m glad to partner with Congressman Landsman to create more guidelines for suicide prevention pilots and outreach through the VA. I will never stop fighting to protect and serve my fellow veterans.”

    To read the full bill text, click here.

    MIL OSI USA News –

  • MIL-OSI Germany: Deutsche Bundesbank updates impact of Basel III reform package

    Source: Deutsche Bundesbank in English

    Implementation in the EU of the Basel III reform package will lead to a 3.3% increase in minimum required capital (MRC) by 2030 for a sample of 36 German financial institutions. The Bundesbank calculated this result in a study based on data from large institutions in particular. Once the transitional arrangements cease to apply in 2033, the institutions in the sample are expected to see a 10.9% increase in MRC. The study published today[1] thus broadly confirms the results of the previous year. It corroborates the finding that the German banking sector will be well able to handle the impact of the revised Basel III reform package.
    It should be noted that the sample is dominated by large banks which use internal models and that small and medium-sized institutions are extremely underrepresented. A rough extrapolation for Germany’s banking sector as a whole shows that increases in the range of 8% can be expected by 2033 (see the chart). Specifically, this translates to an aggregate increase in tier 1 MRC of €30 billion up to 2033. By way of comparison, the banking system currently holds around €165 billion in common equity tier 1 (CET1) capital above the required amount.

    © Deutsche Bundesbank
    (only in German) 
    Since 2011, the Bundesbank has been examining the impact of the Basel III reform package in conjunction with the European Banking Authority (EBA) and the Basel Committee on Banking Supervision (BCBS). The 25th such exercise was carried out for the reporting date of 31 December 2023, with a total of 36 institutions from Germany participating.
    The study reports that full phase-in of the Basel III reform package would lead to an 8.7% increase in MRC.[2] This calculation is based on the BCBS methodology, which solely includes the internationally standardised G-SII buffer and the capital conservation buffer. In contrast to this, the aforementioned results relating to EU implementation include the national O-SII buffers and the Pillar 2 requirements.
    Notes to editors: In parallel with the Bundesbank, the EBA and the BCBS published their Basel III monitoring reports on 7 October 2024. The quantitative impact study for the EU (EBA) covers 159 institutions from 30 countries and the report at the international level (BCBS) encompasses 180 institutions from 26 countries.
    Footnotes:
    The final amendments to the Capital Requirements Regulation (CRR III, http://data.europa.eu/eli/reg/2024/1623/oj) and Capital Requirements Directive (CRD VI, http://data.europa.eu/eli/dir/2024/1619/oj) were published in the Official Journal of the European Union in June 2024. CRR III becomes binding as of 2025.
    The increase is down 4.8 percentage points from the previous year’s impact analysis. One reason for these changes as against the previous year is the 2023 introduction of the G-SII buffer for the leverage ratio in the EU.

    MIL OSI

    MIL OSI German News –

  • MIL-OSI United Nations: UNECE helps Moldova move towards more energy efficient building sector

    Source: United Nations Economic Commission for Europe

    The building sector is the largest consumer of energy in the Republic of Moldova, representing 53 per cent of final energy consumption in 2022, with public sector buildings accounting for less than one-fifth and residential buildings for the rest. The crucial aspect that influences energy efficiency is the aging building stock as 72 per cent of buildings were constructed between 1951 and 1990, and nowadays lack modern energy efficiency measures. 

    These statistics underscore the significant role that buildings play in energy demand, overshadowing other sectors such as transport (30 per cent) and industry (8 per cent), and highlight the urgency of addressing energy consumption in the building sector amid the energy crisis. 

    The International Forum on “Innovative Solutions for Scaling Up Energy Efficiency in Buildings” held in Chisinau on 3-4 October 2024, aimed at addressing this challenge by connecting the best technologies and practices for building new and retrofitting older assets, through innovative business models and identifying the needed investments for a more sustainable energy future in Moldova. 

    At the Forum, UNECE shared its extensive experience on the strategic vision and the necessary policy interventions to improve energy efficiency, which would involve:  

    • Comprehensive regulatory frameworks in place, encompassing energy efficiency standards, building codes, and market structures that facilitate the electrification of key sectors like heating and transportation. These frameworks create a solid foundation for transitioning to cleaner energy systems while promoting the widespread adoption of energy-efficient technologies. Buildings, as essential components of future energy systems, play a critical role by not only consuming energy but also helping to balance energy demand and supply through on-site generation and active participation in the electricity market. 

    • Guaranteeing access to modern energy-efficient technologies, with implementation strategies adapted to local conditions, such as the cost of capital, resource availability, and skill levels of the local workforce. This approach ensures that solutions are both economically feasible and effective in a longer term. 

    • Tackling the behavioural barriers to fully unlock the energy efficiency potential and ensure broader adoption of available solutions. This includes addressing habits, perceptions, and resistance to change that often hinder the adoption of new technologies and practices. 

    • Development of a national talent strategy, focusing on the training of future workers, enhancing the skills of the current workforce, and developing retention programmes. Such a strategy is vital as it ensures that a capable and knowledgeable labour force is available to support the transition to a more energy-efficient economy. 

    • Bridging the digital divide, as many modern energy-efficient technologies rely on digital tools and infrastructure not only for their proper functioning, but importantly for seizing the system-wide optimization potential. Without equitable access, certain population groups could fall behind. 

    UNECE continues to assist its member States in scaling up energy efficiency, which is crucial to meeting global sustainability goals, supporting environmental protection, social inclusion, and economic development. 

    MIL OSI United Nations News –

  • MIL-OSI USA: Lankford Urges EPA to Rescind Costly Waste Management Rule Hurting Oklahoma Businesses

    US Senate News:

    Source: United States Senator for Oklahoma James Lankford

    OKLAHOMA CITY, OK – Senators James Lankford (R-OK) and Markwayne Mullin (R-OK) sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan to express concern over a proposed rule regarding waste-to-energy (WTE) facilities.

    The EPA’s proposed rule would further tighten Maximum Achievable Control Technology (MACT) standards for existing WTE facilities while simultaneously removing compliance exceptions, leading to dramatic and unnecessary increases in compliance costs across Oklahoma without significant benefit. The Senators urged the EPA to reexamine its proposal prior to issuing a final rule to ensure that new standards are set consistent with actual data provided.

    “Municipal waste combustors, waste-to-energy (WTE) facilities, are a vital waste management technology that communities and businesses in Oklahoma use to divert waste from landfills, recycle metal, and generate renewable energy. Communities and businesses in Oklahoma, and across the country have invested billions of dollars to ensure these facilities are meeting the already stringent environmental standards set by your agency and by states,” wrote the Senators.

    “The EPA should be mindful of the fact that imposing standards that WTE facilities will never meet is well beyond EPA’s statutory authority,” the Senators continued.

    The proposed rule refers to the Standards of Performance for New Stationary Sources and Emission Guidelines for Existing Sources: Large Municipal Waste Combustors, Voluntary Remand Response and 5 Year Review (89 FR 4243), which includes a re-evaluation of the MACT floor determinations issued on January 23rd, 2024.

    The Clean Air Act (CAA) Amendments of 1990 established the MACT standards to ensure that all facilities in an industry sector meet the same standards as the top 12 percent of performing facilities. The EPA set these attainable standards, known as ‘MACT floors,’ for WTE facilities twice, in 1995 and 2006.

    Read the full letter here or below. 

    Dear Administrator Regan,

    We write to express concern about the Environmental Protection Agency’s (EPA) proposed rule,

    Standards of Performance for New Stationary Sources and Emission Guidelines for Existing Sources: Large Municipal Waste Combustors, Voluntary Remand Response and 5-Year Review (89 FR 4243), which includes a re-evaluation of the Maximum Achievable Control Technology (MACT) floor determinations issued on January 23, 2024.

    Municipal waste combustors, waste-to-energy (WTE) facilities, are a vital waste management technology that communities and businesses in Oklahoma use to divert waste from landfills, recycle metal, and generate renewable energy. Communities and businesses in Oklahoma, and across the country have invested billions of dollars to ensure these facilities are meeting the already stringent environmental standards set by your agency and by states. In January of 2023, the Tulsa Authority for the Recovery of Energy (TARE) and Covanta (now Reworld), a leader in the sustainable materials management industry, established a 15-year agreement with a 5-year renewable option for the continuance of waste-to-energy operations in the city of Tulsa. Consequently, the majority of Tulsan’s household trash is now taken to a facility to be combusted and used for energy as opposed to immediately landfilled.

    As you know, the Clean Air Act (CAA) Amendments of 1990 established the MACT standards to ensure that all facilities in an industry sector meet the same standards as the top 12% of performing facilities. The EPA set these attainable standards, known as ‘MACT floors’, for WTE facilities twice, in 1995 and 2006.

    Now, your agency is proposing to further tighten the MACT standards for existing WTE facilities, while simultaneously removing startup, shutdown, and malfunction compliance exceptions. We are concerned that the expected result of this proposed rule runs afoul of Sec. 112(d)(2) of the CAA. By imposing dramatically stricter requirements without compliance flexibility, the new standards are likely to impose hundreds of millions of dollars of increased compliance costs without significant benefit. The EPA should be mindful of the fact that imposing standards that WTE facilities will never meet is well beyond EPA’s statutory authority. Any final rule that contains these standards is certain to be litigated aggressively. The EPA is wholly aware that it can no longer rely upon the Chevron doctrine to defend overly burdensome regulations in court. Moving forward in this fashion will only waste the government resources to defend a final rule that cannot survive judicial scrutiny. Furthermore, expecting our local governments and businesses to achieve standards that are prohibitively expensive or are scientific outliers is unreasonable. If standards are unachievable, or too expensive to achieve, communities may have no choice but to close WTE facilities. This will result in increased landfilling, forgoing millions of dollars of investment in WTE technology and energy production, making it more difficult to maintain sustainable initiatives in Oklahoma and across the country.

    We urge the EPA to reexamine its proposal to ensure that the new standards are set consistent with the actual data provided during the comment period by the industry to the agency.

    Thank you for your attention to this important matter for Oklahoma. We look forward to your response and the opportunity to engage further on this critical issue.

    Sincerely, 

    MIL OSI USA News –

  • MIL-OSI USA: Hickenlooper, Bennet, Neguse, Crow, Pettersen, DeGette Announce Support for Colorado River District’s Bid for Funding to Complete Shoshone Water Rights Purchase

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper

    Lawmakers call for Bureau of Reclamation to help Colorado’s Western Slope priorities through program created by Inflation Reduction Act

    WASHINGTON  – U.S. Senators John Hickenlooper and Michael Bennet, and U.S. Representatives Joe Neguse, Jason Crow, Brittany Pettersen, and Diana DeGette, wrote the Bureau of Reclamation (BOR) in support of Colorado River Water Conservation District’s (CRWCD) application for federal funding to purchase two of the oldest water rights on the Colorado River mainstem in Colorado, known as the Shoshone Permanency Project.

    “Preserving the Colorado River’s historical flow regime as intended by the Shoshone Permanency Project will benefit the Colorado River ecosystem every year, and especially in dry years,” wrote the lawmakers. “We recognize the Shoshone Permanency Project’s complex nature and ongoing technical review, but believe the opportunity to protect historical Colorado River flows deserves your attention.”

    The lawmakers offered their support as part of an ongoing BOR funding opportunity to provide environmental benefits in response to drought, which remains open for additional projects in Colorado and the rest of the Upper Colorado River Basin.

    Currently, the 1902 Senior and the 1929 Junior Shoshone Water Rights are used by Xcel Energy to generate power at the Shoshone Power Plant and then returned to the river. As part of the Shoshone Permanency Project, CRWCD will seek a change in these rights to include an alternate beneficial use and preserve the historical flow regime. Communities across Western Colorado have already committed over $55 million, and are applying to BOR for funding from the Upper Colorado River Basin Environmental Drought Mitigation program to help complete the purchase and create stability for communities, water and recreational users, and the environment.

    The Upper Colorado River Basin Environmental Drought Mitigation program is an ongoing BOR funding opportunity to provide environmental benefits in response to drought, which remains open for additional projects in Colorado and the rest of the Upper Colorado River Basin. The lawmakers welcome other applicants to contact their offices on the opportunity to provide support.

    The state process for changing these decreed water rights is distinct from any federal funding review or outcome, and will proceed separately. As acknowledged in the letter, data collection and analysis related to the Shoshone water rights’ historic use is ongoing and important to the State of Colorado’s formal review.

    Hickenlooper and Bennet fought to include $8 billion for western water infrastructure, $10 billion for forests, $19 billion for agricultural conservation, and $4 billion for drought in the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law.

    The text of the letter is available HERE and below.

    Dear Commissioner Touton:

    We write in support of the Colorado River Water Conservation District’s (the River District) application to the U.S. Bureau of Reclamation’s (USBR) Upper Colorado River Basin Environmental Drought Mitigation funding opportunity, referred to as Bucket 2E. As you know, the Inflation Reduction Act provided a historic $4 billion to address issues caused by drought, including activities to support environmental benefits, and ecosystem and habitat restoration. If selected, the River District will leverage Bucket 2E funding alongside significant state and local investment to purchase two of the oldest water rights on the Colorado River mainstem in the State of Colorado – the Shoshone Water Rights – to preserve their historical flow regime in perpetuity.

    The River District was established in 1937 as a local governing entity to represent water users across 15 counties in Western Colorado – including the headwaters of the Yampa, White, Gunnison, and Colorado Rivers. The Colorado River District’s mission is to promote the protection, conservation, use, and development of the water resources of the Colorado River water basin for the welfare of the State of Colorado.

    Now, the River District is pursuing the Shoshone Permanency Project, which aims to preserve the historical Colorado River flow regime created by the 1902 Senior Shoshone Water Right and the 1929 Junior Shoshone Water Right (the “Shoshone Water Rights”). The River District has signed an agreement to purchase the Shoshone Water Rights from Xcel Energy, which currently holds the rights for its Shoshone hydropower plant. Today, the Shoshone Water Rights are decreed as non-consumptive water rights: the water is used to generate hydropower at the Shoshone Power Plant and is returned to the stream. The Shoshone Water Rights’ senior status “pulls” water to Glenwood Canyon, which ensures that water continues to flow and benefits the downstream environment. Preserving the Colorado River’s historical flow regime as intended by the Shoshone Permanency Project will benefit the Colorado River ecosystem every year, and especially in dry years.

    Data collection and analysis of Shoshone Water Rights’ historic use is not yet completed, and ongoing–a key step for understanding the historic flow regime on the Colorado River. The Shoshone Permanency Project seeks to change the water rights to include an alternate beneficial use for instream flow purposes, a legally recognized beneficial use in Colorado, to preserve the historical Shoshone flow regime. The proposed decree associated with these flows is still under technical review by the State of Colorado. The River District is actively discussing the proposal with other water users across the state. The Colorado Water Conservation Board and the State of Colorado Water Court will conduct a formal review in the coming months. Ongoing modeling will also help quantify the environmental benefits of the Shoshone Water Rights flows. One potential benefit is to the critical habitat of four fish in the Colorado River listed under the Endangered Species Act (ESA), known as the 15-Mile Reach, located near Palisade, Colorado.

    The State of Colorado and our water users are making their own significant investments to ensure that the historical Shoshone flows can continue in perpetuity. The Colorado River District has allocated $20 million, the State of Colorado has appropriated another $20 million for the acquisition, provided the State’s instream flow requirements are met, and a coalition of Western Slope water users and local governments have formally committed over $15 million. This strong show of funding reflects the local recognition of the Shoshone Water Rights’ importance to the health of western Colorado’s environment and local economies.

    We recognize the Shoshone Permanency Project’s complex nature and ongoing technical review, but believe the opportunity to protect historical Colorado River flows deserves your attention. We encourage you to give the River District’s proposal your full and fair consideration consistent with all applicable rules and regulations. Thank you for your review, and please notify our offices of any funds awarded.

    MIL OSI USA News –

  • MIL-OSI Russia: Sobyanin and Patrushev opened the new exhibition complex “Timiryazev Center”

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    From October 4 to 13, 2024, the Russian Ministry of Agriculture is holding the Week of the Agro-Industrial Complex. One of the main events will be the XXVI Russian agro-industrial exhibition “Golden Autumn”, which will be held on October 9-12. On the eve of the opening, on October 8, the Mayor of Moscow Sergei Sobyaninand Deputy Prime Minister of the Russian Federation Dmitry Patrushev inspected the exhibition. It was held in the new educational and exhibition complex “Timiryazev Center”, created on the basis of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy.

    “I think that this is the beginning of a new development of Timiryazevka, a new style of its work, a new style of campus development. Moscow universities are developing. We recently completed a huge project of Baumanka. Now, together with the Government of the Russian Federation, on the instructions of the President, we are starting to develop the campus of Stankin. A number of other universities are actively developing, not only Moscow State University. I am very glad that here, in Timiryazevka, such a center has emerged. Moreover, it is very symbolic that the central site of the “Golden Autumn” will be deployed here, which will probably find its permanent residence here,” said Sergei Sobyanin.

    The Mayor of Moscow also congratulated those present on the opening of the Timiryazev Center and thanked Dmitry Patrushev, the team of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy and the PhosAgro company, which invested in the project.

    Vladimir Trukhachev, Rector of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy, in turn thanked Sergei Sobyanin and the Russian Ministry of Agriculture and noted that the building of the Timiryazev Center fits organically into the architectural ensemble of the educational institution.

    Dmitry Patrushev emphasized that the Timiryazev Center was the result of joint work by the Moscow team, the Russian Ministry of Agriculture, and representatives of the university over the course of a year. Exhibitions will be held here, and students will be able to practice their practical skills.

    “This has never happened before at the Timiryazev Academy. This was possible thanks to the support of Moscow, thanks to the goodwill of the PhosAgro company, which helped us with the financing of the construction of this complex. I really hope that the guys will be comfortable studying here, they will do their practical training, gain that important experience that they will then need in the fields, while working in agriculture,” said Dmitry Patrushev.

    He also noted that it is necessary to further develop the Timiryazev Academy, and Moscow is ready to support these plans.

    Traditionally, in October Moscow becomes the venue for the largest gastronomic festival, Golden Autumn. In addition to the Timiryazev Center, this year it will cover 154 sites, two of which will be located in the city center, and 25 in the districts, two fish markets, Moscow on the Wave, and the Moskino cinema park, as well as weekend fairs and interregional fairs.

    The main thing at the Golden Autumn is tasty and high-quality food. Guests are offered the best seasonal farm products. Participants from 65 regions of Russia — more than 150 large and small farms — brought vegetables, handmade cheeses, meat delicacies, honey, fish, mushrooms and berries to the festival.

    The festival’s cultural program includes about one and a half thousand hours of master classes, over two thousand hours of sports activities and 260 hours of stage programs.

    There are also special programs:

    — a gastrofestival that will take place from October 12 to 13 in the Moskino cinema park. Its participants will be 30 farmers and more than 10 restaurants that will present dishes from the autumn menu. Everyone is welcome to tastings, culinary and creative master classes. Children will be invited to ride carousels and mini-tractors. In addition, craft and art classes, as well as a grill show are planned. The event is prepared jointly with the Ministry of Agriculture of Russia.

    — a gastronomic route in Kamergersky Lane, which offers Muscovites and guests of the capital the opportunity to get acquainted with the dishes of the seasonal set menu in the best restaurants of the city.

    — an exhibition of art pumpkins in Stoleshnikov Lane, where works by contemporary graffiti artists are presented.

    — an entertainment program at the Moscow — on the Wave markets. Master classes and performances by cover bands will create a special atmosphere. On the weekend, there will be “battles of chefs” who will compete in preparing dishes from the autumn menu.

    Guests of the district sites will be offered to take part in numerous sports activities and active games. They will be able to try hot drinks and seasonal sweets: pumpkin, cranberry and apple jam, carrot jam and apple marmalade.

    The main decoration of the Golden Autumn sites, as in previous years, were orange pumpkins – a symbol of the autumn season and harvest festival. Visitors will be able to take bright photos as a souvenir of the festival.

    Detailed information about the festival events and venues can be found on the website.

    “Golden Autumn” is the main agricultural exhibition in Russia

    The agro-industrial exhibition “Golden Autumn” has been held in Moscow since 1999 on the initiative of the Russian Ministry of Agriculture. Over the past quarter century, it has become the leading platform for demonstrating the achievements of the domestic agro-industrial complex and discussing key issues in the development of the industry.

    In 2023, the exhibition was held at the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy. It was visited by more than 31 thousand people, and 136 organizations and representatives of 87 regions of Russia took part in the exhibition exposition and business events.

    In 2024, the Golden Autumn exhibition will be held for the first time in the new Timiryazev Center educational and exhibition complex. Its construction began in September 2023 and took exactly one year, ending in September 2024. The project was implemented using extra-budgetary funds.

    As a result, a three-story building with an area of about 40 thousand square meters was erected on the territory of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy at the address: Verkhnyaya Alley, Building 8. It is planned that it will become one of the largest exhibition and business sites in Moscow.

    “Its exhibition halls were named after outstanding agricultural scientists: Nikolai Vavilov, Alexander Chayanov and Vasily Nemchinov. In addition, there is a plenary session hall, meeting rooms, a diplomatic sector, a press center and a business space,” wrote Sergei Sobyanin.

    in his telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    If necessary, exhibition halls can be transformed for various event formats, including lecture halls, master class areas and seminars with multimedia support. The use of advanced engineering solutions guarantees a high level of events, as well as the comfort and safety of participants.

    The Timiryazev Center has a high-tech plenary hall designed for 450 people, and meeting rooms of various capacities and configurations.

    The adjacent area contains sports and leisure facilities, including a renovated equestrian arena.

    Good transport accessibility to the Timiryazev Center is provided by the nearby (about 15 minutes’ walk) Petrovsko-Razumovskaya transport hub, which includes two metro stations on the Serpukhovsko-Timiryazevskaya and Lyublinsko-Dmitrovskaya lines and one station on the third Moscow Central Diameter.

    The Golden Autumn 2024 exhibition traditionally presents the main achievements of the agro-industrial complex of Russian regions, modern agricultural machinery, products and services for agribusiness, as well as the best breeds of farm animals.

    The Timiryazev Center plans to hold more than 60 congress and exhibition events in 2024–2026, including:

    — 12th International Fair of Contemporary Art Cosmoscow;

    — 28th International Exhibition of Means of Ensuring National Security “Interpolitex-2024”;

    — 5th International Exhibition of Digital Technologies “CipherTech”;

    — Forum of security technologies Say Future: Security;

    — 22nd International Specialized Exhibition “Borders of Russia”;

    — The 8th International Consumer Goods Exhibition / National China Quality Consumer Goods Exhibition;

    — The 5th National Exhibition of Industrial Equipment and Innovations from China.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/major/themes/11873050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI USA: Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh

    Source: US State of North Carolina

    Headline: Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh

    Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh
    mseets

    Today, Governor Roy Cooper announced Weatherby Healthcare, Inc. a medical staffing company, will add 155 jobs to Wake County. The company will invest more than $7.6 million to expand its operations in the City of Raleigh.

    “Weatherby has made a great decision to reinvest in North Carolina,” said Governor Cooper. “Wake County sits in the heart of our state and is the home of an international airport and a highly educated workforce, making it an ideal location for corporate businesses.”

    A subsidiary of CHG Healthcare, Weatherby has provided staffing solutions for physicians in rural communities for 45 years. The full-service staffing agency works with medical practices, hospitals, and healthcare facilities to coordinate and execute short-term contracts for healthcare professionals to cover for temporary absences for training, vacation, or medical leave. From housing and travel to licensing and credential requirements, Weatherby covers all aspects of physician placement to ensure complete, uninterrupted care for patients. Weatherby has become one of the largest physician staffing firms in the nation.

    “We’re thrilled to partner with the governor’s office on this project, which will not only give our current employees a vibrant, new, state-of-the-art workspace, but also allow us to continue to grow and bring more high-paying jobs to the great state of North Carolina,” said Michael Depaolis, Senior Vice President of Sales for Weatherby. “We pride ourselves on being a great place to work, and we’re excited to share our award-winning, people-centric culture with the state’s top talent.”

    “We are delighted to see another company expand its presence in our state,” said N.C. Commerce Secretary Machelle Baker Sanders. “From manufacturers to corporate headquarters, North Carolina continues to be a top choice for companies that want a low-cost to do business, great quality of life, and access to top tier talent as they continue to grow and expand.”

    Although salaries will vary by position and could create a potential payroll impact of more than $31.7 million each year for the region.

    Weatherby’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG), which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $433.5 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,812,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 134 percent, meaning for every dollar of potential cost to the state, the state receives $2.34 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    Because Weatherby chose a site in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $604,000 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “This project is an outstanding win for Wake County,” said N.C. Senator Lisa Grafstein. “We have an incredible and diverse talent base that is ready to help the company meet the needs of the demanding healthcare industry, and we look forward to welcoming Weatherby to our community.”

    “It gives us a great vote of confidence to know that the City of Raleigh was selected for Weatherby’s new home,” said N.C. Representative Tim Longest. “We appreciate the diligent work of our state and local partners that helped the company choose our strong economy for their next phase of growth.”  

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, N.C. Commerce’s Division of Workforce Solutions, Wake County, the City of Raleigh, Capital Area Workforce Development, Raleigh Economic Development and Wake County Economic Development, programs of the Raleigh Chamber.

    ###

    Oct 8, 2024

    MIL OSI USA News –

  • MIL-OSI USA: President Pro Tempore John F. Kennedy – An Update on Our Interim Committee Work

    Source: US State of Georgia

    ATLANTA (October 8, 2024)— We’ve moved forward in our efforts to strengthen Georgia’s forestry industry with our second meeting of the Senate Advancing Forest Innovation in Georgia Study Committee at the Georgia State Capitol. Building on the groundwork established in our initial meeting, where we identified key challenges facing the sector, we are now focused on exploring solutions and emerging markets that have the potential to revitalize our state’s forestry landscape

    Unfortunately, the timing of our meeting coincided with the devastation caused by Hurricane Helene, which brought significant hardship to many regions of our state, including those heavily reliant on the forestry industry. Our thoughts remain with all those affected, and we will continue to support our impacted communities and first responders in the days ahead.

    At this meeting, we shifted our focus from problems to possibilities. The shrinking markets for traditional forestry products that we discussed in our first meeting are not the whole story—there are emerging markets and new technologies that could represent the future of Georgia’s forestry industry. As chair of this committee, I’ve had the privilege of working with a wide range of experts to explore these opportunities, and the insights they shared during our meeting were nothing short of inspiring.

    We first heard from Dr. Andreas Bommarius and Dr. Carson Meredith from the Renewable Bioproducts Institute (RBI) at Georgia Tech, who introduced us to their groundbreaking ReWOOD initiative. This project focuses on “Xylochemistry,” a rapidly growing field that uses sustainable wood-based materials to develop products ranging from industrial solvents to jet fuel. What’s particularly exciting about ReWOOD is its potential to create new demand for Georgia’s vast forestry resources in environmentally sustainable and economically viable ways.

    Next, we welcomed Troy Harris of Jamestown LLP, a real estate investment firm with a strong track record in sustainable timberland management. He spoke about Jamestown’s use of innovative practices to boost timberland productivity while ensuring sustainable growth. These practices not only increase the value of timber but also ensure the long-term health and resilience of our forests—an important consideration given the growing threat of natural disasters like Hurricane Helene.

    Finally, Smitha Hariharan, Vice President and Chief Sustainability Officer of Gulfstream, shared the company’s cutting-edge work in sustainable aviation fuel (SAF). Gulfstream recently made history with the first-ever trans-Atlantic flight powered by 100% SAF, a major breakthrough that could have significant implications for Georgia’s forestry industry. As demand for SAF grows worldwide, Georgia’s timber could become a key resource in meeting that demand, creating jobs and driving investment in rural communities across the state.

    Our meeting made it clear that the future of forestry in Georgia lies in traditional markets and these emerging fields. Exciting opportunities are on the horizon, whether it’s sustainable aviation fuel, wood-based construction materials or innovative new uses for timber byproducts. With Georgia being the #1 state to do business and the #1 forestry producing state in the country, I believe our state is uniquely positioned to lead on this emerging market.

    As we continue to work through the challenges and opportunities ahead, I am grateful for the valuable contributions of the experts and industry leaders helping us explore these new possibilities. I’m confident that by embracing innovation and working together, we can create a more sustainable and prosperous future for Georgia’s forestry industry. I look forward to sharing more updates as our committee’s work progresses.

    You can find more information about the committee’s work and upcoming meetings here.

    # # # #

    Sen. John F. Kennedy serves as the President Pro Tempore of the Georgia State Senate. He represents the 18th Senate District which includes Upson, Monroe, Peach, Crawford, as well as portions of Bibb and Houston County. He may be reached at 404.656.6578 or by email at john.kennedy@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Parliament votes for action on Winter Fuel Payment

    Source: Scottish Government

    UK Government urged to reverse ‘damaging’ decision.

    The UK Government’s decision to introduce means testing for the Winter Fuel Payment must be reversed, according to MSPs.

    Following a debate as part of Challenge Poverty Week, the Scottish Parliament voted in favour of a motion that the UK Government reverse its decision to restrict entitlement to the benefit.

    First Minister John Swinney said that as a result of this damaging decision, Scottish Government analysis indicates roughly 900,000 Scottish pensioners will no longer be entitled to support with heating costs this winter.

    Commenting after the debate, the First Minister said:

    “More austerity is not the solution to the restrictive fiscal environment in which the UK Government, and governments across the globe, find themselves.

    “It is a mistake to think that action to tackle poverty for our most vulnerable citizens are costs to be mitigated. These measures are investments in our people, our communities and our nation’s future. I have urged the UK Government to deliver an Autumn Budget that recognises this reality.

    “Scotland’s Parliament has spoken, and I repeat my call for the UK Government to reverse its damaging decision to restrict entitlement to Winter Fuel Payments for pensioners.

    “The Scottish Government will continue to support households with their energy bills and tackle fuel poverty. However the UK Government must ensure their budget in October provides the necessary support to those who need it most.”

    Background

    The full text of the First Minister’s opening speech given to Parliament on Tuesday 8 October 2024.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Start planning now: Major highway closures, lane reductions around Puget Sound Oct. 11-14

    Source: Washington State News 2

    Handful of significant roadways affected between Snohomish, Pierce counties

    SEATTLE – Another busy weekend of roadwork is planned for Friday, Oct. 11, through Monday, Oct. 14, in the Puget Sound region.

    Travelers on Interstate 5 in Seattle and between Federal Way and Tacoma, State Route 99 in Seattle, SR 520 across Lake Washington, US 2 in Snohomish, and I-405 in Bothell should prepare to encounter delays depending on both the day and the hours they plan to travel.

    While some highways will be closed around the clock during all or a portion of the weekend, most roadwork will occur during nightly closures or lane reductions to help ease the pressure for travelers planning trips during daytime hours.

    I-5 overnight closure

    Both directions of I-5 between SR 18 in Federal Way and 54th Avenue East in Fife will close nightly Friday, Oct. 11, and Saturday, Oct. 12, to set bridge girders for the SR 167 Completion Project. Northbound lanes will close by 10:30 p.m. and southbound lanes by 11 p.m. Lanes will begin reopening at 7 a.m. Saturday, with all lanes open by 11 a.m. On Sunday, lanes will begin to reopen at 8 a.m., with all lanes open by noon.

    Travelers headed to the Fife area should use the signed SR 99 detour route. People with destinations other than Fife should consider using regional routes such as SR 18, SR 161, SR 167 and SR 512.

    I-5 southbound overnight lane reductions

    Southbound I-5 in Seattle from mid-Boeing Field to Interurban will have three of its five lanes closed for restriping as part of WSDOT’s ongoing effort to preserve and maintain the aging interstate. Lanes will close at 9 p.m. Saturday, Oct. 12, until 7 a.m. Sunday, Oct. 13. On Sunday, lanes will begin closing at 9 p.m. and reopen by 5 a.m. Monday, Oct. 14. Multiple ramps will also be closed. This work may be canceled and rescheduled in the event of rain.

    SR 99 closure

    The SR 99 tunnel in Seattle will close from 10 p.m. Friday, Oct. 11, through 6 a.m. Sunday, Oct. 13, as crews conduct the tunnel’s first federally mandated six-year inspection. SR 99 will be closed southbound at Harrison Street and northbound at the Alaskan Way off-ramp.

    SR 520 closure

    SR 520 will close from 11 p.m. Friday, Oct. 11, through 5 a.m. Monday, Oct. 13, between I-5 in Seattle and 92nd Avenue Northeast in Clyde Hill on the Eastside, including all associated on- and off-ramps. The SR 520 Trail will also close to bicyclists and pedestrians. As part of the SR 520 Montlake Project, crews will be testing the light and fire suppression system under the Montlake lid over SR 520. 

    US 2 closure

    Both directions of US 2 will close between SR 9 and 88th Street Southeast in Snohomish from 10:30 p.m. Friday, Oct. 11, to 2 a.m. Saturday, Oct. 12. Drivers will follow signed detours via SR 9 and Second Street. During the closure, WSDOT maintenance crews will perform survey work, sweep the highway, and clean roadway and bridge drains in preparation for the rainy and colder months ahead.

    I-405 southbound overnight lane reductions

    Up to three lanes of southbound I-405 between SR 522 and Northeast 160th Street near Bothell will close 11 p.m. Friday, Oct. 11, to 11 a.m. Saturday, Oct. 12 while crews shift traffic for the I-405/Brickyard to SR 527 Improvement Project. Multiple ramps will also be closed 2–11 a.m. Saturday, Oct. 12. This work requires dry weather and could be rescheduled.

    Ballard Bridge in Seattle

    Travelers in Seattle should also note there is a planned closure of the city’s 107-year-old Ballard Bridge from Friday night, Oct. 11, through Monday morning, Oct. 14, for maintenance and preservation work. More information is available on the city’s website.

    Know before you go

    Although multiple closures pose a challenge for travelers, they are necessary to complete critical maintenance and preservation work and keep highway projects on schedule.

    People are advised to plan their trips ahead of time and use WSDOT’s multiple resources including the real-time travel map and the mobile app or by checking real-time travel data.

    MIL OSI USA News –

  • MIL-OSI Global: Opt-out laws designed to make organ donation easier may have actually made it harder, says research

    Source: The Conversation – UK – By Leah McLaughlin, Research Officer in School of Health Sciences, Bangor University

    In 2020, England introduced an opt-out system for organ donation with the aim of making it easier for organs to be donated after a person’s death. The Organ Donation (Deemed Consent) Act 2019 assumed that unless someone explicitly opted out, they consented to organ donation.

    This change was expected to boost the number of organ donations and, ultimately, save more lives. But research by my colleagues and I reveals a different story. Rather than simplifying organ donation, the law has created more confusion and complications. This may help explain why organ donation rates haven’t recovered from the drop seen during the pandemic.

    Before the change in the law, organ donation in England required people to opt in to the system by registering their consent. With the new system, unless adults over the age of 18 opt out, their consent is presumed. The law is however “soft”. Families are supposed to support the decision, but can still override it, if they disagree, without consequence.

    The law, introduced during the height of the COVID-19 pandemic, was meant to increase donation rates by shifting the burden from individuals needing to sign up to individuals needing to declare they didn’t want to donate organs or tissue. Similar laws had already been implemented in Wales in 2015 and later in Scotland in 2021.

    But the results haven’t lived up to expectations. Consent rates for organ donation in England have dropped since the law came into effect, from 67% in 2019 to 61% in 2023. The same has happened in Wales where donation rates have reduced from 63% to 60.5%, and in Scotland where rates have dropped from 63.6% to 56.3%.

    This drop coincided with the spread of COVID-19, and it’s difficult to untangle the consequences of the change in the law with the lasting effects of the pandemic on how people interact with health services. But it does mean that potential organ donors don’t necessarily leave explicit instructions that they wish to donate, which may affect how their families, and the healthcare staff responsible for implementing the law, feel.

    Our research involved interviewing the families of potential organ donors and healthcare professionals involved in the process. We found that many families still said they wanted to be the final decision-makers, even though the law presumed their loved one’s consent. This reflects the potential for confusion and stress at an already difficult time.

    What went wrong?

    An important issue is that the deemed consent law challenges the longstanding norm in healthcare that emphasises explicit consent, and particularly the role of familial consent. This divergence from established ethical practices has placed healthcare professionals in a difficult position. They now face a dilemma – they want to respect the law and increase organ donations, but they also risk being perceived as overstepping ethical boundaries by “taking organs” without clear family consent.

    This fear of being seen as disregarding the emotions and rights of bereaved families has led to a high level of risk aversion among those responsible for implementing the law. Consequently, the processes involved in obtaining consent have become increasingly complex and cautious. This has undermined the law’s original purpose.

    A sympathetic understanding of this situation is crucial, however. The risk-averse stance adopted by official bodies is not a failure of intention but a reflection of the ethical and emotional complexities surrounding organ donation.

    Well-meaning legal changes, while theoretically sound, have encountered practical challenges that stem from the need to balance the law with respect for the sensitivities of grieving families.

    The anticipated increase in organ donation has not materialised. Although the pandemic may have played a role in this, our research suggests that legislative changes alone are insufficient without addressing the underlying ethical tensions and the need for clear, compassionate communication with families during such difficult times.

    Many families we spoke with didn’t fully understand the concept of deemed consent. This is where a decision to donate is assumed unless a person has actively opted out. In some cases, families struggled with the idea of their loved one undergoing surgery, losing sight of the potential lives saved through organ donation.

    The process was also overwhelming. Families were faced with complex consent paperwork and lengthy procedures, adding to the emotional burden of losing a loved one.

    shutterstock.
    Kmpzzz/Shutterstock

    What needs to change?

    Our research suggests several possible ways to improve the system. Better public understanding is vital. Clearer public education campaigns are needed to explain to people how the opt-out system works and to healthcare providers the importance of discussing organ donation decisions with family members. Many people still don’t understand that if they don’t opt out, they are presumed to have given consent.

    The process needs to be simplified too. Reducing the steps involved in “consenting” to organ donation would help ease the burden on grieving families.

    Strengthening donor decisions may also help the situation. Giving more legal weight to decisions made in life, such as registration on the Organ Donor Register, could prevent families from overturning their loved ones’ wishes.

    It’s important that healthcare professionals are trained appropriately. Nurses and doctors need better training to navigate the complexities of the law so they can help families during organ donation discussions.

    And regular prompts encouraging people to update their organ donation preferences may help to ensure that families are aware of their loved ones’ wishes, reducing confusion at critical moments. Only then can we hope to increase organ donation rates and fulfil the goal of saving more lives.

    Leah McLaughlin receives funding from National Institute Health Research (NIHR) and Health and Care Research Wales (HCRW).

    – ref. Opt-out laws designed to make organ donation easier may have actually made it harder, says research – https://theconversation.com/opt-out-laws-designed-to-make-organ-donation-easier-may-have-actually-made-it-harder-says-research-228708

    MIL OSI – Global Reports –

  • MIL-OSI Global: As an ethical hacker, I can’t believe the risks people routinely take when they access the internet in public

    Source: The Conversation – UK – By Christopher Patrick Hawkins, Lecturer in Cyber Security and Computer Science, University of Staffordshire

    In the modern world we are all constantly connected, but this comes with risks. As most cybersecurity specialists will tell you, the biggest vulnerability in any system is the user – whether at home or work.

    The most common ways in which hackers break into systems are via attacks on users such as phishing, rather than by breaching technical infrastructure. As much as 94% of all malware is delivered via email, while phishing is the primary means of attack in 41% of all incidents. This risk is also increasing, with 75% of security experts reporting an overall rise in cyberattacks year on year in 2023.

    Many corporate IT teams have been spending heavily on training users to be more wary of such attacks. However, this has tended to focus on best practice in the workplace. In public areas, where people’s guards might be lowered, it’s quite a different story.

    I’ve recently seen several examples of this for myself. As a certified ethical hacker with years of experience in cybersecurity and contributing to cybercriminal investigations, I can’t tell you how easy it is for these kinds of situations to be exploited by bad actors.

    In the first incident, I was in a shop buying some household items. While I queued, staff were asking customers for email addresses to send them e-receipts for their items.

    This might sound innocent, and it’s surely better for the environment than paper receipts, but it could easily be exploited by a savvy hacker who might be listening. Combined with contextual information such as location, item and cost, they could craft a phishing email that would probably fool most people. It could be an invite to complete a feedback survey, for instance, or a discount code for their next visit to the same store.

    On another occasion I was at a live concert. While we waited for the show to begin, an individual in front of me was browsing his phone. From observing for just a short time, I ascertained his name, job, address, vehicle, phone number and even bank balance. Again, this could have been used by a hacker in a number of malicious ways, including posing as the individual to steal their identity or even coercing them to act against their employer, say by threatening to reveal sensitive information.

    We therefore all need to be mindful of the information that we are exposing to strangers when we are in public. Equally, we need to think about what devices we are using, and what we are connecting them to.

    Unsecured network risks

    While at the same concert, I saw numerous people connecting to the stadium wifi, which was totally unprotected and required no authentication. When you log in to an unsecured network, it exposes your device to risks such as evil twin attacks.

    Evil twin attacks involve the attacker creating a wifi hotspot, which can be set to any name they choose, such as “stadium wifi 2” or whatever. When an unprotected device connects to this network, the attacker can potentially steal the data they are transmitting.

    It can also be used for other nefarious purposes such as snooping on confidential networks, injecting malware into downloads or “man-in-the-middle” attacks in which the hacker poses as the other person in a communication, again usually to steal information.

    People can be exposed to similar threats on unsecured networks through another hacking ruse known as packet sniffing. This is where a hacker uses a program to monitor the data moving over the network and steal information.

    Connecting now …
    Alexander Supertramp

    You can avoid these risks by logging in from a virtual private network (VPN), not that I saw anyone doing that at the concert. More generally, people can protect themselves from identity theft by, for instance, having anti-phishing systems in their inboxes.

    However, the easiest defence of all is to be alert to the risks and take sensible precautions in public. By protecting your data and devices, no matter where you are, you can avoid becoming one of the victims.

    Christopher Patrick Hawkins does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. As an ethical hacker, I can’t believe the risks people routinely take when they access the internet in public – https://theconversation.com/as-an-ethical-hacker-i-cant-believe-the-risks-people-routinely-take-when-they-access-the-internet-in-public-240599

    MIL OSI – Global Reports –

  • MIL-OSI Global: Tackling the UK’s housing crisis means addressing one key problem: affordability

    Source: The Conversation – UK – By Paul Anand, Professor of Economics, The Open University

    Jevanto Productions/Shutterstock

    The UK government has serious ambition when it comes to solving England’s housing crisis. Shortly after the 2024 general election, it pledged to build 1.5 million new homes over the next five years.

    It’s a big plan which could help improve the quality of life of millions of people. But is such an ambitious target plausible? Or has the government created a rod for its own back, and embarked on an economic mission that is doomed to failure?

    For, at the heart of this mission is a political desire to shape the direction of the economy. And to succeed, this desire needs to be matched with a clear understanding of the economic reality at the heart of the UK’s housing crisis – a reality that is all about affordability.

    To be successful, housing policies aimed at helping those on lower incomes need to address this head on. But the government’s emphasis so far has been on “zoning” (allowing houses to be built on land which was previously protected), or speeding up the planning process and tackling nimbyism. All of these factors are distractions from the main and simple point – that too many people simply cannot afford to buy, or even rent, a decent home.

    And while there has been some suggestion that a bigger proportion of new housing projects need to be affordable, details have been scant.

    Instead, most of the talk has been about “greybelt zones”, where planning permission will be granted more easily and quickly to create new opportunities for house building. But it is far from clear this will help to bring down – or even stabilise – the costs of housing.

    Obtaining planning permission is a small fraction of that total cost. And when these permissions are granted, the value of land rises. The landowner makes money, but the hopeful future house buyer or tenant gains nothing, other than the fact there are extra houses on the market.

    Imposing a requirement for higher proportions of affordable housing from building companies might be the single most effective thing the government can do. However, those companies may then increase their margins on the larger houses they plan to sell. And higher prices for bigger homes raises demand – and then prices – for smaller ones.

    If the government wants to tackle the affordability issue by increasing supply, it should note that just over half the costs of new housing are down to expensive construction. The use of modern pre-fabricated methods to help reduce those costs is still relatively low in the UK.

    Sweden uses this approach for over 80% of its new house building, and a faster switch (with government persuasion) to more affordable building methods in the UK could be beneficial.

    An expensive business.
    Clare Louise Jackson/Shutterstock

    More new towns have also been promised. They’re not a bad idea, but building them takes a very long time, so any contribution they make to the housing crisis will take years (decades even) to be seen.

    Local knowledge

    The government has already announced a series of house-building targets for local areas as part of its five-year plan. But this adds a further complication, in a classic example of regional planning being done from Westminster instead of locally. How do they know that these houses will be built where people actually want to live?

    For a good sense of where people do want to live, the government could immediately turn to housing associations – private, non-profit making organisations that already provide low-cost housing to millions. There might be some mileage in seeking to boost their stock by encouraging – and even underwriting – further borrowing by them.

    Typically, housing associations charge significantly lower rents as they are not focused on making a return for shareholders, and their long-term stability attracts lower borrowing costs. If the government’s promised increase in the UK’s housing stock leads to an expansion in the housing association sector, this could make a meaningful contribution to limiting the rents paid by those on lower incomes – and enhancing the potential for them to eventually buy a genuinely affordable home.

    But for many others, the biggest hurdle over the coming years will be mortgage rates. Even if interest rates come down gradually over the next five years, this is unlikely to make much difference to those who cannot afford a mortgage. And it won’t happen quickly enough to conjure up 1.5 million new homeowners in five years.

    It seems doubtful then, that the government will reach its target, however laudible. But if it is to stand a chance, it needs to be thoughtful in its economics. Merely setting targets and expressing frustration when they are not met – as they are unlikely to be – is not enough.

    Paul Anand owns shares in Taylor Wimpey, Persimmon, Barratt Development and Rathbones Global Opportunity Fund.
    He is a professor at the Open University and research associate at Oxford University.

    – ref. Tackling the UK’s housing crisis means addressing one key problem: affordability – https://theconversation.com/tackling-the-uks-housing-crisis-means-addressing-one-key-problem-affordability-239051

    MIL OSI – Global Reports –

  • MIL-OSI USA: Congressman Keith Self Introduces the Federal Program Integrity and Fraud Prevention Act of 2024 to Safeguard Taxpayer Dollars

    Source: United States House of Representatives – Congressman Keith Self (Texas 3rd)

    Today, Congressman Keith Self introduced the Federal Program Integrity and Fraud Prevention Act of 2024, aimed at preventing individuals convicted of defrauding the government from engaging in business with federal agencies. This bill would protect taxpayer dollars by barring those convicted of felonies, specifically related to fraud against the government, from participating in federal contracts, grants, and financial assistance programs.

    “It is outrageous that bureaucrats in Washington D.C. continue to do business with individuals who defrauded our own government,” said Congressman Keith Self. “This commonsense legislation is a critical step in eradicating corruption from federal programs. We owe it to the American people to ensure that their hard-earned tax dollars are managed responsibly.”

    Full text of the legislation is available HERE.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: UPDATE: Hurricane Milton Emergency Resources And Declarations – As of 1:00 PM

    Source: United States House of Representatives – Representative Byron Donalds (R-FL)

    UPDATE: Hurricane Milton Emergency Resources And Declarations – As of 1:00 PM

    Washington, October 8, 2024

    NAPLES, Fla. – Tomorrow, Hurricane Milton is projected to make landfall on the Gulf Coast of Florida as a major hurricane.

    The office of Congressman Byron Donalds is closely monitoring Hurricane Milton and is actively coordinating storm preparations alongside federal, state, and local partners. The Congressman and his team stand ready to support our Southwest Florida community and ensure all necessary resources are available. Please see below for the latest emergency resources and declarations:

    Southwest Florida Formal Evacuation Declarations:

    Southwest Florida Shelters Open To Public:

    • Collier County General Population Shelters (OPENING AT 4:00 PM):
    • Collier County Special Needs Shelter (OPENING AT 2:00 PM):
      • Palmetto Ridge High School (Pet-Friendly) – 1655 Victory Lane
        • NOTE: For Registered Special Needs Clients and Caregivers.
    • Lee County (OPEN NOW):

    Emergency Hotlines:

    Local Government Operations:

    School Closures:

    Live Cameras:

    Southwest Florida International Airport (RSW) Operations:

    State of Florida – Uber Partnership:

    Attention Residents of Fort Myers Beach:

    • LeeTran bus routes to Fort Myers Beach as currently SUSPENDED.
    • Lee County Utilities have SUSPENDED water service to Fort Myers Beach.
    • 24 Hour General Curfew will go into effect at 10:00 PM TONIGHT.
    • Your Hurricane Re-entry Pass must be TEAL – Old passes will not work.
    • Once the storm passes, if you need assistance with re-entry, beginning at 7:00am on Thursday morning staff will be at two locations to hand out passes:
    • Town Staff will be located at re-entry points to check for re-entry passes – If you do not have one, you will not be allowed on Island. 

    Weather Updates:

    Other Emergency Resources:

    MIL OSI USA News –

  • MIL-OSI USA: AG Ferguson files lawsuit against TikTok for harming youth mental health

    Source: Washington State News

    Social media giant accused of designing app to be addictive to young users

    SEATTLE — Attorney General Bob Ferguson announced today that he is suing TikTok for putting profits before the well-being of millions of its most vulnerable users by creating a platform that is addictive to youth. Ferguson’s lawsuit is part of a nationwide bipartisan effort, with 13 other attorneys general filing their own similar lawsuits.

    Specifically, Ferguson’s lawsuit filed in King County Superior Court accuses TikTok of violating the state Consumer Protection Act by targeting youth with features that encourage compulsive and excessive use to get them hooked on the platform. It asserts the social media giant deployed misleading public statements about TikTok’s safety and content moderation practices despite internal research showing the risks to young users.

    A significant portion of the complaint relies on material that TikTok asserts is confidential and has not yet been disclosed. Ferguson is requesting the court unseal that information.

    Research shows that excessive social media use by children and adolescents correlates with increased poor mental health outcomes. That’s especially true for young girls.

    Ferguson asserts that TikTok’s protections for young users are inadequate, despite its public claims of providing a safe, well-moderated experience for them.

    “I am one of the millions of parents across Washington who knows firsthand the hold TikTok and other social media apps have on kids,” Ferguson said. “TikTok is deceiving young people and their parents when it claims to look out for the safety of young users. Platforms like TikTok must be reformed and we know they are unwilling to do so on their own. I will not stop fighting to protect our kids and their mental health.”

    The latest lawsuit against TikTok comes nearly a year after Ferguson filed another, similar lawsuit against Meta, the parent company of Instagram and Facebook, along with a bipartisan group of attorneys general. The federal lawsuit accuses Meta of intentionally targeting youth with harmful features designed to get them hooked for life all while publicly downplaying the risks to maximize profits. 

    Like Meta, TikTok’s business model relies on maximizing user engagement. To keep young users coming back to the platform, TikTok designs its algorithms to figure out what types of videos they like and push more of those types of videos to them. TikTok’s “infinite scroll” and autoplay features increase the likelihood that users will stay on the app for an excessive amount of time, which is harmful to youth.

    In short, TikTok intentionally targets youth to keep them on the platform as long as possible without regard for their safety. At the same time, TikTok downplays the risks for its young users. These tactics contradict the company’s public-facing claims that it puts user safety first.

    TikTok intentionally created an addictive platform

    TikTok — one of the most widely used social media apps among teens — created a platform that is addictive to youth. At the same time, TikTok misrepresents to parents and kids that its platform has sufficient safeguards to protect them when it does not.

    TikTok employs an arsenal of harmful, addictive-by-design features specifically targeted and tailored to exploiting, manipulating and capitalizing on young users’ still developing brains, the lawsuit asserts.

    One of those features is “endless” or “infinite” scrolling. Endless scrolling compels young users to spend more time on TikTok by making it difficult for them to disengage, stripping away any natural stopping point or opportunity to turn to a new activity. TikTok claims that its screen time limit for teens mitigates the effects of features like endless scroll, but the limit is not a hard stop. Teens can click through TikTok’s take-a-break reminders and even disable them entirely.

    TikTok also employs push notifications to prolong the time youth spend on the app. The notifications create a sense that youth are missing out on new activity on TikTok.

    TikTok allowed under-13 users to bypass age gate

    Starting in 2019, TikTok split its platform into two levels, a “Kids Mode” and a “full” experience. “Kids Mode” restricts content young users can access, and bars them from uploading content. They also have no access to direct messages and cannot comment on other posts, in addition to other restrictions.

    TikTok uses “age gating” — or screening a user based on their birth date — to prevent underage users from accessing the platform’s full experience.

    However, TikTok knows that many children bypass the age gate, if it’s used at all. TikTok’s age gate depends on children reporting their age. While the age gate may sometimes effectively filter some users under age 13 into “Kids Mode,” TikTok knows that under-13 users are incentivized to and routinely supply a false date of birth to access the full TikTok experience.

    The Pew Research Center reported last year that 63% of all Americans age 13 to 17 used TikTok, and most teenagers in the U.S. report using TikTok daily. According to the research, 17% of teens say that they are on TikTok “almost constantly.”

    In 2020, The New York Times reported that more than one-third of TikTok’s 49 million daily users in the United States were 14 or younger.

    Investigation background

    This lawsuit is the result of a bipartisan, nationwide investigation by state attorneys general that began in 2021. Ferguson joined a bipartisan multistate lawsuit against Meta last year that came out of the same investigation.

    Other attorneys general filing their own individual lawsuits this week include: California, New York, Illinois, Kentucky, Louisiana, Massachusetts, Mississippi, North Carolina, New Jersey, Oregon, South Carolina, Vermont and the District of Columbia. Eight other states filed individual lawsuits earlier in the investigation. Those include: Arkansas, Iowa, Indiana, Kansas, Nevada, New Hampshire, Nebraska and Utah. 

    The attorneys general are seeking to stop TikTok’s unlawful practices and to force TikTok to implement reforms. Those reforms include strengthening its screen time limiting features for youth, eliminating or placing limits on endless scrolling and improving its “age gating,” or age verification, practices.

    Ferguson is also seeking civil penalties of up to $12,500 per violation, after enhancements, under the Washington Consumer Protection Act.

    Assistant Attorneys General Joe Kanada, Kelsey Burazin, Daniel Allen and Will O’Connor, Paralegals Allison Cleveland, Matt Hehemann, Keri Snider, Jen Killoren and Anne Wallig are handling the case for Washington.

    Social media impacts on youth mental health

    Experts, including the U.S. Surgeon General, agree that excessive social media use by children and adolescents correlates with physical and psychological harms such as higher rates of depression, anxiety and attention deficit disorders. It can also lead to eating disorders, suicidal thoughts and body dysmorphia.

    Social media use can disrupt activities that are essential for health, like sleep and physical activity, depending on the amount of time children spend online.

    According to the Surgeon General, recent research shows that adolescents who spend more than three hours per day on social media face double the risk of experiencing poor mental health outcomes, such as symptoms of depression and anxiety.

    Social media may perpetuate body dissatisfaction, disordered eating behaviors, social comparison and low self-esteem, especially among adolescent girls. One-third or more of girls aged 11-15 say they feel “addicted” to certain social media platforms and over half of teenagers report that it would be hard to give up social media.

    Ferguson’s lawsuit against Meta

    In October 2023, Ferguson and a bipartisan coalition of 42 attorneys general  filed lawsuits accusing Meta, the parent company of the social media platforms Facebook and Instagram, of knowingly targeting youth — calling them a “valuable, but untapped” market — with harmful features designed to get them hooked for life to maximize profits.

    The federal lawsuit also alleges that Meta knew young users, including those under 13, were active on the platforms and knowingly collected data from those users without parental consent.   

    The states’ case against Meta is currently being litigated in the Northern District of California.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit http://www.atg.wa.gov to learn more.

    Media Contact:

    Brionna Aho, Communications Director, (360) 753-2727; Brionna.aho@atg.wa.gov

    General contacts: Click here

    MIL OSI USA News –

  • MIL-OSI USA: Another fact check on Bohannan

    Source: US National Republican Congressional Committee

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –

    October 8, 2024

    Extreme Democrat Christina Bohannan has been called out AGAIN for blatantly lying about Congresswoman Mariannette Miller-Meeks’ position on abortion. First, on WQAD, KCCI and KCRG.

    Now, the Wall Street Journal Editorial Board fact-checked Democrats like Bohannan, calling the ads “fiction.”

    “This is embarrassing for Christina Bohannan and her D.C. Democrat friends. The only thing they can do is lie, but their lies aren’t sticking because Iowans know Congresswoman Miller-Meeks is a strong advocate for Iowa.”— NRCC Spokesman Mike Marinella

    MIL OSI USA News –

  • MIL-OSI Canada: Investigation into Calgary shooting concluded

    Source: Government of Canada regional news

    On Aug. 18, 2024, pursuant to Sec. 46.1 of the Police Act, ASIRT was directed to investigate a Calgary Police Service officer-involved shooting in Calgary.  

    The executive director’s full report can be accessed online.

    ASIRT’s mandate is to effectively, independently and objectively investigate incidents involving Alberta’s police that have resulted in serious injury or death to any person, as well as serious or sensitive allegations of police misconduct.

    This release is distributed by the Government of Alberta on behalf of the Alberta Serious Incident Response Team.

    MIL OSI Canada News –

  • MIL-OSI: KraneShares Man Buyout Beta Index ETF (BUYO) Lists on NYSE: Applying Private Equity Selection Criteria To Public Equities

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm known for its innovative exchange-traded funds (ETFs), today announced the launch of the KraneShares Man Buyout Beta Index ETF (Ticker: BUYO) on the New York Stock Exchange.

    BUYO seeks to track the performance of the Man Buyout Beta Index, which is designed to apply the key return drivers of PE/buyout funds to public equities. The fund employs a systematic approach to select a portfolio of small to mid-cap stocks from the Russell 2500 Index, targeting industries favored by PE firms and companies that are similar in size and display similar company-specific characteristics as those in traditional PE funds. The BUYO ETF targets companies with the following characteristics:

    1. Belong to sectors favored by PE funds, including Information Technology, Consumer Discretionary, Industrials, and Health Care
    2. Filters for companies with characteristics favored by PE funds, including strong free cash flow yield, higher operating margins, cash discipline (lower CapEx, ability to repay debt), and top-line growth among dozens of other signals

    As a starting point, the Russell 2500 Index without filtering holdings for PE-like return drivers is already highly correlated to the Preqin Private Equity ex-Venture Capital Index, with a 75.3% historical total return correlation since 2008.1 BUYO is designed to potentially have an even greater correlation and deliver a return profile similar to that of traditional buyout funds longer term.

    “BUYO offers investors a unique way to access companies with characteristics that private equity firms find attractive, but with the liquidity and transparency of an ETF,” said Kevin Orr, Managing Director and Head of Strategic Partnerships at KraneShares. “By leveraging Man Group’s research and expertise on buyout target attributes, BUYO aims to capture the potential value creation associated with private equity strategies while remaining fully invested in public equities.”

    “Our research indicates that many of the same methodologies that buyout funds use to target private takeover candidates can be applied to the public equity market to achieve similar results,” said John Lidington, who is a Co-Portfolio Manager covering liquid private equity at Man Numeric, which is acting as sub-advisor to BUYO. “We developed the approach underlying the Man Buyout Beta Index to provide an opportunity to harness the key return drivers powering PE funds, which are typically expensive and have historically been difficult to access for many investors. The approach helps identify potentially undervalued companies that in many cases may become public to private takeout targets in the future.”

    Major endowments typically allocate 20-40% of their portfolios to private equity, with some top institutions like Ivy League Universities reaching as high as 36.7% of their total investment.2 However, historically, there have been high barriers to entry to traditional PE funds, such as long placement and lockup periods and high investment minimums and fees.

    “We believe BUYO offers a compelling solution for various investor profiles,” said Jonathan Shelon, Chief Operating Officer of KraneShares. “BUYO may be appropriate for institutional investors seeking potential liquid beta to the PE buyout asset class while awaiting placement in traditional PE funds. It may also be attractive to investors seeking highly correlated liquid alternative exposure to the PE market or investors looking to diversify their portfolios by implementing a more endowment-like asset allocation that includes a healthy weighting to PE-like strategies.”

    “We are excited to combine Man Numeric’s investment expertise – by acting as a sub-advisor to BUYO – with KraneShares’ ETF product development, marketing, and distribution capabilities,” said Gregory Bond, CEO of Man Numeric.

    KraneShares will host a webinar with John Lidington introducing the KraneShares Man Buyout Beta ETF (Ticker: BUYO) on Tuesday, November 12, 2024. Investors interested in attending the webinar can register here.

    About Man Group

    Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $178.2 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at http://www.man.com.

    *As of 30 June 2024

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. Source: Preqin Ltd and analysis by Man Group as of 8/31/2024, correlation calculated from 1/1/2008 to 3/31/2024.
    2. Data from the National Association of Independent Colleges and Universities, “What a Tough Private Equity Environment Could Mean for University Endowments,” as of 7/17/2024.

    Definitions:

    Beta: Beta measures an investment’s volatility relative to the market and is used to quantify its risk. It’s calculated as the slope of a security’s returns regressed against a benchmark market index.

    Index Definitions:

    Preqin Private Equity ex-Venture Capital Index: The Preqin Private Equity ex-Venture Capital Index represents the returns on committed capital in private equity partnerships. It includes the amount of money invested in these partnerships and the returns that outstanding commitments would generate if invested risk-free.

    Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: https://kraneshares.com/buyo/. Read the prospectus carefully before investing.

    Risk Disclosures: 

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Underlying Index uses Numeric models in its methodology, which depend on various data sources that may be inaccurate or incomplete, rendering the models potentially unreliable. Historical market data may not predict future price movements, and unusual market events can lead to unexpected outcomes. Models may also have hidden biases and could incur losses if actual events diverge from their assumptions. Additionally, performance may be affected by software issues or programming errors. While the Underlying Index aims to reflect private equity performance and risk like private equity buyout funds, there is no guarantee that public equities will achieve this exposure or that the models will effectively provide it.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

    The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. BUYO is non-diversified.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

    For media inquiries, please contact: info@kraneshares.com 

    The MIL Network –

  • MIL-OSI Security: Hacheyville — 81-year-old woman dies following single-vehicle crash

    Source: Royal Canadian Mounted Police

    An 81-year-old woman from Tracadie, N.B., has died following a single-vehicle crash in Hacheyville, N.B.

    On October 7, 2024, at approximately 2 p.m., members of the Tracadie RCMP detachment responded to a report of a single-vehicle crash on Route 135 in Hacheyville. An 81-year-old woman, who was a passenger in the vehicle, died at the scene as a result of her injuries. The driver, and only other occupant of the vehicle, was transported to hospital with what is believed to be minor injuries.

    The crash is believed to have occurred when the vehicle lost control, drove into the ditch, and struck a culvert.

    Members of the Saint-Isidore and Paquetville Fire Departments, and Ambulance New Brunswick attended the scene. A member of the New Brunswick Coroner’s office and an RCMP Collision Reconstructionist are assisting with the ongoing investigation.

    MIL Security OSI –

  • MIL-OSI Security: Saint John  — Individual charged following child pornography investigation

    Source: Royal Canadian Mounted Police

    The New Brunswick RCMP’s Internet Child Exploitation (ICE) Unit has charged a 39-year-old man from Saint John, N.B., with possession of child pornography, and transmitting child pornography.

    The investigation began in May 2023 when police received information from RCMP’s National Child Exploitation Crime Centre.

    On November 2, 2023, members of the ICE Unit, along with the Saint John Police force and the RCMP’s Digital Forensic Services executed a search warrant at a residence in Saint John as part of the investigation. Police seized several electronic devices and a 39-year-old man was arrested at the scene. He was later released on conditions pending a future court appearance.

    On October 4, 2024, 39-year-old Jimmy Davis was charged with possession of child pornography and transmitting child pornography. He is scheduled to appear back in court on November 13, 2024.

    The New Brunswick RCMP’s Internet Child Exploitation Unit includes members from the Saint John Police Force and the Kennebecasis Regional Police Force.

    If you are a victim, or have any information related to similar crimes, please contact your local police. If you have information that may assist an investigation and would like to remain anonymous, please contact Crime Stoppers at 1-800-222-TIPS (8477), by downloading the secure P3 Mobile App, or by Secure Web Tips at http://www.crimenb.ca.

    The investigation is ongoing.

    MIL Security OSI –

  • MIL-OSI USA: Governor Kelly Announces Virtual, On-Demand Meeting as Part of Water Local Consult Outreach – Governor of the State of Kansas

    Source: US State of Kansas

    TOPEKA – Governor Laura Kelly announced today that a virtual, on-demand meeting is now available for Kansans who want to provide input on water issues in the state. The virtual meeting is part of a second round of local consult meetings to gather input on strategies to implement the 2022 Kansas Water Plan.

    “These local consult meetings are critical to finding and implementing sustainable solutions to address our state’s water concerns,” Governor Laura Kelly said. “By hearing directly from Kansans, we can make further progress on the goals of the 2022 Kansas Water Plan.”

    The recent in-person and new virtual meetings build on the first round of local consult meetings held this summer, as well as Regional Advisory Committee meetings. The virtual meeting mirrors the content from the eight in-person meetings held across the state in September.

    The virtual meeting is available here. The content is offered on demand, so people can participate at any time they’d like.

    Through the virtual meeting, Kansans will have the opportunity to provide feedback on:

    • Updated investment scenarios based on feedback heard in round one;
    • What criteria are most important as investment strategies are evaluated to achieve the Plan’s long-term goals around aquifers, reservoirs, and water quality;
    • Setting objectives and identifying what Kansans think are reasonable actions to achieve them; and
    • Preferred revenue sources to meet the objectives.

    The meeting will be available online until Nov. 8. Input collected from the virtual meeting will be summarized alongside the input gathered from the more than 500 people who attended the in-person meetings held in September.

    Click here for more information about the Water Plan implementation effort and materials from both the first and second rounds of local consult meetings.

    The local consult meetings are being held by the Kansas Water Office, Kansas Department of Agriculture, and Kansas Department of Health and Environment.

    Questions can be emailed to kwo-info@kwo.ks.gov.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Household heating expenditures expected to remain about the same or less than last winter

    Source: US Energy Information Administration

    In-brief analysis

    October 8, 2024

    Data source: U.S. Energy Information Administration, Winter Fuels Outlook

    As we explain in our October 2024 Winter Fuels Outlook, we expect that most U.S. households are likely to spend about the same or less on energy than they did last winter, depending on a household’s main space heating fuel and the region where they live. We expect that lower prices this winter will be offset by colder temperatures, resulting in relatively little change in expenditures.

    Tomorrow, EIA Administrator Joe DeCarolis will present our Winter Fuels Outlook forecasts during a webinar, and a panel of EIA experts will answer questions from attendees. This event is open to the public, but you must register.

    Because weather is a significant source of uncertainty in our forecast, the Winter Fuels Outlook includes two side cases where all U.S. regions are either 10% colder or 10% warmer than the base forecast.

    The Winter Fuels Outlook explains our expectations for residential energy consumption, prices, and expenditures for the upcoming winter season as well as our analysis of market conditions for the four most common residential space heating fuels: natural gas, electricity, propane, and heating oil.

    Energy consumption and expenditures depend on the size and energy efficiency of individual homes, their heating equipment and operating conditions, and weather. Differences in the housing populations (such as geographic distribution and size) across fuels complicate direct comparisons. For these reasons, readers should not assume that switching to another fuel with lower average energy expenditures—as presented in this report—would necessarily result in less spending for their household.

    Winter Fuels Outlook webinar details
    Date: October 9
    Time: 11:00 a.m.–11:45 a.m. eastern time
    Venue: Microsoft Teams
    Registration: Open to the public, but registration is required

    Principal contributor: Owen Comstock

    MIL OSI USA News –

  • MIL-OSI USA: Systems Engineer Noosha Haghani Prepped PACE for Space

    Source: NASA

    Throughout the life cycles of missions, Goddard engineer Noosha Haghani has championed problem-solving and decision-making to get to flight-ready projects.
    Name: Noosha HaghaniTitle: Plankton Aerosol Clouds and Ecosystem (PACE) Deputy Mission Systems EngineerFormal Job Classification: Electrical engineerOrganization: Engineering and Technology Directorate, Mission Systems Engineering Branch (Code 599)

    What do you do and what is most interesting about your role here at Goddard?
    As the PACE deputy mission systems engineer, we solve problems every day, all day long. An advantage I have is that I have been on this project from the beginning.
    Why did you become an engineer? What is your educational background?
    I was always very good at math and science. Both of my parents are engineers. I loved building with Legos and solving puzzles. Becoming an engineer was a natural progression for me.
    I have a BS in electrical engineering and a master’s in reliability engineering from the University of Maryland, College Park. I had completed all my course work for my Ph.D. as well but never finished due to family obligations.
    How did you come to Goddard?
    As a freshman in college, I interned at Goddard. After graduation, I worked in industry for a few years. In 2002, I returned to Goddard because I realized that what we do at Goddard is so much more unique and exciting to me.
    My mother also works at Goddard as a software engineer, so I am a second-generation Goddard employee. Early on in my career, my mother and I met for lunch occasionally. Now I am just too busy to even schedule lunch.
    Describe the advantages you have in understanding a system which you have worked on from the original design through build and testing?
    I came to the PACE project as the architect of an avionics system called MUSTANG, a set of hardware electronics that performs the function of the avionics of the mission including command and data handling, power, attitude control, and more. As the MUSTANG lead, I proposed an architecture for the PACE spacecraft which the PACE manager accepted, so MUSTANG is the core architecture for the PACE spacecraft. I led the team in building the initial hardware and then moved into my current systems engineering role.
    Knowing the history of a project is an advantage in that it teaches me how the system works. Understanding the rationale of the decision making we made over the years helps me to better appreciate why we built the system way we did.
    How would you describe your problem-solving techniques?
    A problem always manifests as some incorrect reading or some failure in a test, which I refer to as evidence of the problem. Problem solving is basically looking at the evidence and figuring out what is causing the problem. You go through certain paths to determine if your theory matches the evidence. It requires a certain level of understanding of the system we have built. There are many components to the observatory including hardware and software that could be implicated. We compartmentalize the problem and try to figure out the root cause systematically. Sometimes we must do more testing to get the problem to recreate itself and provide more evidence.
    As a team lead, how do you create and assign an investigation plan?
    As a leader, I divide up the responsibilities of the troubleshooting investigation. We are a very large team. Each individual has different roles and responsibilities. I am the second-highest ranking technical authority for the mission, so I can be leading several groups of people on any given day, depending on the issue.
    The evidence presented to us for the problem will usually implicate a few subsystems. We pull in the leads for these subsystems and associated personnel and we discuss the problem. We brainstorm. We decide on investigation and mitigation strategies. We then ask the Integration and Test team to help carry out our investigation plan.
    As a systems engineer, how do you lead individuals who do not report to you or through your chain of command?
    I am responsible for the technical integrity of the mission. As a systems engineer, these individuals do not work for me. They themselves answer to a line manager who is not in my chain of command. I lead them through influencing them.
    I use leadership personality and mutual respect to guide the team and convince them that the method we have chosen to solve the problem is the best method. Because I have a long history with the project, and was with this system from the drawing board, I generally understand how the system works. This helps me guide the team to finding the root cause of any problem.
    How do you lead your team to reach consensus?
    Everything is a team effort. We would be no where without the team. I want to give full credit to all the teams.
    You must respect members of your team, and each team member must respect you as a leader. I first try to gather and learn as much as possible about the work, what it takes to do the work, understanding the technical aspects of the work and basically understanding the technical requirements of the hardware. I know a little about all the subsystems, but I rely on my subsystem team leads who are the subject matter experts.
    The decision on how to build the system falls on the Systems Team. The subject matter experts provide several options and define risks associated with each.  We then make a decision based on the best technical solution for the project that falls within the cost/schedule and risk posture.
    If my subject matter experts and I do not agree, we go back and forth and work together as a team to come to a consensus on how to proceed. Often we all ask many questions to help guide out path. The team is built on mutual respect and good communication. When we finally reach a decision, almost everyone agrees because of our collaboration, negotiation and sometimes compromise.
    What is your favorite saying?
    Better is the enemy of good enough. You must balance perfectionism with reality.
    How do you balance perfectionism with reality to make a decision?
    Goddard has a lot of perfectionists. I am not a perfectionist, but I have high expectations. Goddard has a lot of conservatism, but conservatism alone will not bring a project to fruition.
    There is a level of idealism in design that says that you can always improve on a design. Perfection is idealistic. You can analyze something on paper forever. Ultimately, even though I am responsible for the technical aspects only, we still as a mission must maintain cost and schedule. We could improve a design forever but that would take time and money away from other projects. We need to know when we have built something that is good enough, although maybe not perfect.
    In the end, something on paper is great, but building and testing hardware is fundamental in order to proceed. Occasionally the decisions we make take some calculated risk. We do not always have all the facts and furthermore we do not always have the time to wait for all the facts. We must at some point make a decision based on the data we have.
    Ultimately a team lead has to make a judgement call. The answer is not in doing bare minimum or cutting corners to get the job done, but rather realizing what level of effort is the right amount to move forward.
    Why is the ability to make a decision one of your best leadership qualities?
    There is a certain level of skill in being able to make a decision. If you do not make a decision, at some point that inability to make a decision becomes a decision. You have lost time and nothing gets built.
    My team knows that if they come to me, I will give them a path forward to execute. No one likes to be stuck in limbo, running in circles. A lot of people in a project want direction so that they can go forward and implement that decision. The systems team must be able to make decisions so that the team can end up with a finished, launchable project.
    One of my main jobs is to access risk. Is it risky to move on? Or do I need to investigate further? We have a day-by-day risk assessment decision making process which decides whether or not we will move on with the activities of that day.
    As an informal mentor, what is the most important advice you give?
    Do not give up. Everything will eventually all click together.
    What do you like most about your job?
    I love problem solving. I thrive in organized chaos. Every day we push forward, complete tasks. Every day is a reward because we are progressing towards our launch date.
    Who inspires you?
    The team inspires me. They make me want to come to work every day and do a little bit better. My job is very stressful. I work a lot of hours. What motivates me to continue is that there are other people doing the same thing, they are amazing. I respect each of them so much.
    What do you do for fun?
    I like to go to the gym and I love watching my son play sports. I enjoy travel and I love getting immersed in a city of a different country.
    By Elizabeth M. JarrellNASA’s Goddard Space Flight Center, Greenbelt, Md.

    Conversations With Goddard is a collection of Q&A profiles highlighting the breadth and depth of NASA’s Goddard Space Flight Center’s talented and diverse workforce. The Conversations have been published twice a month on average since May 2011. Read past editions on Goddard’s “Our People” webpage.

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  • MIL-OSI USA: How Would Authorizing Medicare to Cover Anti-Obesity Medications Affect the Federal Budget?

    Source: US Congressional Budget Office

    Medicare beneficiaries who are overweight or who have the medical condition of obesity are more likely to have worse health outcomes and higher health care expenditures than beneficiaries in the healthy weight category. Among adults enrolled in randomized controlled trials, treatment with certain anti-obesity medications (AOMs) has been shown to lead to significant weight loss and improved health when recipients use the drugs consistently and at the prescribed time intervals. Those drugs include glucagon-like peptide 1 (GLP-1) receptor agonists, which were originally approved to treat diabetes.

    The Medicare program covers some obesity-related services, including screening, behavioral counseling, and bariatric surgery (a procedure performed on the stomach or intestines to induce weight loss). It is prohibited by law from covering medications for weight management as part of the standard prescription drug benefit. Medicare covers GLP-1-based products only for beneficiaries who use them for medically accepted indications other than weight management. Currently, those accepted indications are diabetes and cardiovascular disease. Policymakers have introduced legislation to authorize Medicare to cover those medications more broadly.

    In this report, the Congressional Budget Office estimates the budgetary effects of an illustrative policy that would authorize Medicare to cover AOMs starting in January 2026. The policy would apply to all beneficiaries with obesity, as well as certain beneficiaries who are classified as overweight. Adoption of such a policy would have these effects, in CBO’s estimation:

    • Federal Budgetary Cost. Authorizing coverage of AOMs in Medicare would increase federal spending, on net, by about $35 billion from 2026 to 2034. Total direct federal costs of covering AOMs would increase from $1.6 billion in 2026 to $7.1 billion in 2034. Relative to the direct costs of the medications, total savings from beneficiaries’ improved health would be small—less than $50 million in 2026 and rising to $1.0 billion in 2034.
    • Cost and Savings per User. Weight loss is associated with reductions in health-related spending per user that are less than the estimated federal cost per user of covering AOMs throughout the 2026–2034 period. Per AOM user, the average direct federal cost would be roughly $5,600 in 2026, decreasing to $4,300 in 2034. And average offsetting federal savings would be about $50 in 2026, reaching $650 in 2034.
    • Eligibility and Take-up. Over 12.5 million Medicare beneficiaries would newly qualify for AOMs in 2026 under the illustrative policy; 0.3 million, or 2 percent of the newly eligible population, would use an AOM in 2026. Despite growth in Medicare enrollment from 2026 to 2034, the number of newly qualified beneficiaries would fall to 11.9 million in 2034 as those drugs were approved to treat additional conditions under current law. In that year, about 1.6 million (or 14 percent) of the newly eligible beneficiaries would use an AOM.

    Beyond 2034, the policy’s net federal costs to the Medicare program would probably be lower on a per-user basis than in the first decade for two reasons. CBO expects that the cost of the drugs will fall over time and that the savings from improved health will grow over time. Nevertheless, the policy would still increase federal spending between 2026 and 2044.

    The budgetary effects of authorizing AOM coverage in Medicare are highly uncertain. Estimates of costs and take-up rates are sensitive to the rapidly evolving evidence on the eligibility, use, price, and clinical benefits associated with those medications. Those factors are also sensitive to the scope of the policy, including who in the Medicare population would become eligible for treatment with AOMs.

    MIL OSI USA News –

  • MIL-OSI USA: Monthly Budget Review: September 2024

    Source: US Congressional Budget Office

    The federal budget deficit was $1.8 trillion in fiscal year 2024, the Congressional Budget Office estimates. The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023. Revenues increased by an estimated $479 billion (or 11 percent). Revenues in all major categories, but notably individual income taxes, were greater than they were in fiscal year 2023. Outlays rose by an estimated $617 billion (or 10 percent). The largest increase in outlays was for education ($308 billion). Net outlays for interest on the public debt rose by $240 billion to total $950 billion.

    The deficit that CBO now estimates for 2024 is $81 billion (or 4 percent) smaller than the shortfall estimated in its most recent baseline projections, which were published in June.  Revenues and outlays alike were within 1 percent of those projections. Revenues were slightly higher and outlays slightly lower, which contributed to a smaller deficit than CBO had projected. 

    Outlays in fiscal years 2023 and 2024 were affected because October 1 (the first day of fiscal years 2023 and 2024, respectively) fell on a weekend. As a result, certain payments were shifted into the prior fiscal year—$63 billion from 2023 into 2022 and $72 billion from 2024 into 2023. If not for those shifts, the deficit in 2024 would have been 13 percent larger—instead of 8 percent larger—than it was in 2023.

    Last year’s deficit of $1.7 trillion would have been larger if not for the recording of budgetary effects related to the Supreme Court’s decision to overturn a plan the Administration announced in 2022 to cancel many borrowers’ outstanding student loans. If those effects, and the effects of timing shifts, were excluded for fiscal year 2023, the deficit for that year would have been $2.0 trillion instead of $1.7 trillion. Thus, without the savings related to the unwinding of the proposed debt cancellation (and excluding the effects of timing shifts), CBO estimates that the federal deficit would have been lower by $110 billion in 2024 than it was in 2023.

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