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Category: Americas

  • MIL-OSI Canada: More addiction treatment capacity for Albertans

    Opportunity Home Treatment and Recovery Centre – Exterior (Credit: Opportunity Home Treatment and Recovery Centre)

    Since 2019, Alberta’s government has worked to establish a system of care that supports treatment and recovery for those suffering from the disease of addiction. The Alberta Recovery Model is removing barriers to ensure every person has an opportunity to pursue recovery. This has included the addition of more than 10,000 new publicly funded treatment spaces, expanding the Virtual Opioid Dependency Program, and building 11 world-class recovery communities across the province, three of which are open and supporting clients. In the Alberta Recovery Model, no person is expected to pay for life-saving addiction treatment services.

    Alberta’s government has further expanded addiction treatment capacity by partnering with Opportunity Home Treatment and Recovery Centre in Drayton Valley with a funding agreement of $331,000. Opportunity Home is a 10-bed addiction treatment facility that can support men over the age of 18 with residential addiction treatment services. It has the capacity to support up to 40 clients each year in their pursuit of recovery. 

    “Our government is proud to invest in treatment and recovery as it is the most compassionate, dignified approach in supporting Albertans suffering from addiction. We are pleased to support ongoing expansion of recovery programs that give Albertans an opportunity to live meaningful, hopeful lives.”

    Dan Williams, Minister of Mental Health and Addiction

    “As the MLA for Drayton Valley, I am grateful for this support from Alberta’s government. Families in Alberta want to see their loved ones recover from addiction, and Opportunity Home makes that possible. I was pleased to advocate for this funding on behalf of this constituency and I am glad to see the government is supporting our community.”

    Andrew Boitchenko, MLA for Drayton Valley

    Opportunity Home first opened its doors in 2023. Treatment programs typically last about 90 days, offering a recovery program built on faith and community. The program supports clients with the necessary skills for success and reintegration into society as a person living in recovery. 

    “I want to thank Alberta’s government for its leadership and commitment to recovery in Alberta and in Drayton Valley. My council and I recognize the vital role that centers like Opportunity Home play in helping individuals overcome addiction and rebuild their lives. Opportunity Home’s passion and commitment has been instrumental in bringing this project to life, and we look forward to seeing the positive impact this funding will have in our community.”

    Nancy Dodds, mayor, Town of Drayton Valley

    “This support from Alberta’s government alongside the local community members ensures our clients can participate in our programs, free of charge. We are passionate about bringing people out of addiction, into recovery, and helping them rebuild their lives. The support from Alberta’s current government, alongside our local community, has allowed us to remove barriers people face when taking the step forward to access treatment and recovery services. We work together to support people in building long-term success in their recovery from addiction and living healthy lives.” 

    Danna Thiel-Cropley, executive director, Opportunity Home Treatment and Recovery Centre 

    Opportunity Home is actively expanding its operations and services including cultural programming, as well as increasing services, staffing, training, and clinical hours of operation.

    Alberta’s government is committed to making addiction treatment accessible for Albertans in need. The Alberta Recovery Model is based on the fact that recovery is possible and there is hope for those facing mental health and addiction challenges. Alberta’s government believes everyone deserves an opportunity to rebuild their life and reunite with their family, community and culture.  

    Quick facts

    • Albertans struggling with opioid addiction can contact the Virtual Opioid Dependency Program (VODP) by calling 1-844-383-7688, seven days a week, from from 6 a.m. to midnight. VODP provides same-day access to addiction medicine specialists. There is no waitlist.
    • Albertans can call 211 Alberta for information on services and supports in their community.

    Related information

    • Alberta Recovery Model
    • Residential addiction treatment service providers

    MIL OSI Canada News –

  • MIL-OSI USA: Heart Pump Recall: Abiomed, Inc. Updates Use Instructions for Impella RP with SmartAssist and Impella RP Flex with SmartAssist Due to A Risk That the Tip of Guidewires or Other Medical Devices May Come into Contact with The Impella Pump During Insertion, Adjustment, Or Removal

    Source: US Department of Health and Human Services – 3

    This recall involves updating instructions for using certain devices, and does not involve removing them from where they are used or sold. The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without following the updated instructions.

    Affected Product

    • Product Names: Impella RP with SmartAssist and Impella RP Flex with SmartAssist
    • Unique Device Identifier (UDI)/Model: 00813502011869 and 00813502012811
    • Lot/Serial Numbers: All devices

    What to Do

    On December 12, 2024, Abiomed Inc. sent all affected customers an Urgent Medical Device Correction notification recommending the following actions:

    • Product is NOT being removed from the field and does not need to be returned.
    • Forward this notice to anyone in your facility that needs to be informed.
    • If any of the subject products have been forwarded to another facility, contact that facility and provide them with this notice.
    • Use updated instructions for use, found in the Urgent Medical Device Correction notification, when inserting, manipulating, or removing concomitant devices.

    Reason for Updates to Use Instructions

    Abiomed Inc. has updated the use instructions for the Impella RP with SmartAssist and Impella RP Flex with SmartAssist due to a risk that the tip of guidewires or other medical devices may come into contact with the Impella pump during insertion, adjustment, or removal. The interaction may result in optical sensor damage, temporary pump stop, or permanent pump stop. This may trigger alarms and cause a loss of certain heart and blood pressure readings.

    There have been no reported injuries. There have been no reports of death.

    Device Use

    The Impella RP Flex with Smart Assist System Catheter is used for up to 14 days in patients that develop acute right heart failure after left ventricular assist device implantation. The device is placed via the internal jugular vein and supports the right chamber of the heart (ventricle) by pumping blood into the pulmonary artery.

    Contact Information

    Customers in the U.S. with questions about this recall should contact Abiomed at onemd-field-actions@its.jnj.com.

    Additional FDA Resources

    Unique Device Identifier (UDI)

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly.

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program.

    MIL OSI USA News –

  • MIL-OSI Global: Congress, not the president, decides on government spending − a constitutional law professor explains how the ‘power of the purse’ works

    Source: The Conversation – USA – By Zachary Price, Associate Professor of Law, University of California College of the Law, San Francisco

    Congress has the authority to spend the nation’s money. Presidents try to get around that limitation. ATU Images-The Image Bank/Getty Images

    Because of the Trump administration’s efforts to cut staff and spending, Congress’ “power of the purse” has been in the news lately. Many of these actions have been challenged in court.

    I’m a law professor who has written about Congress’ power of the purse and some of the legal and constitutional issues that surround it. Here’s a brief explanation of the concept – and of why you should care about it.

    How it works

    Under the U.S. Constitution, Congress holds what’s commonly called the “power of the purse.” Congress, in other words, holds the authority to control government expenditures.

    Concretely, Congress may enact laws that raise revenue through taxes and import duties, and it may also spend money for “the common Defence and general Welfare,” terms in the Constitution that are understood to cover almost any spending that Congress thinks is a good idea.

    The Constitution, however, provides that “[n]o Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” Because of this clause, officials may not spend any government money unless a statute “appropriates,” or makes available, specific funds for the relevant purpose.

    Although the Constitution forbids any appropriation for the Army that lasts longer than two years, Congress can choose in other contexts whether to provide an appropriation permanently or only for a prescribed length of time. Some benefits programs such as Social Security today have permanent appropriations, but most government agencies receive funds for their operations for just a year at a time.

    James Madison, who wrote much of the U.S. Constitution, said Congress’ power of the purse was ‘the most complete and effectual weapon with which any constitution can arm the immediate representatives of the people.’
    wynnter-iStock/Getty Images Plus

    Leverage over policy and presidents

    Why does all of this matter?

    Historically, the British Parliament’s control over government funds created a powerful check on the crown, and Parliament developed the practice of annual appropriations to ensure that it would always have leverage over royal policy.

    Reflecting this history, James Madison, the fourth president and a leading figure in the Constitutional Convention, wrote in the Federalist Papers that the power of the purse was “the most complete and effectual weapon with which any constitution can arm the immediate representatives of the people, for obtaining a redress of every grievance, and for carrying into effect every just and salutary measure.”

    This sort of leverage over policy still matters. American presidents today exercise vast powers. Over time, Congress has conferred extensive regulatory authorities on administrative agencies that operate under the president’s supervision.

    Congress has also established a large Army, Navy, and Air Force over which the president is commander in chief. Presidents, moreover, have claimed the power to employ these armed forces in significant ways even without a declaration of war or other specific authorization from Congress.

    Congress’ power of the purse gives it a say in how these powers are exercised. If Congress doesn’t like what an administrative agency is doing, it can cut its budget or deny funds for enforcing certain regulations – something it does regularly.

    Likewise, Congress can deny funds for certain military operations or impose constraints on military activities – something it also does with some regularity. In the 1970s, Congress helped end the Vietnam War in part by withholding appropriations for military activities in Indochina.

    Who’s in charge here?

    Annual appropriations also give rise to the frustrating phenomenon of government “shutdowns”: If annual funding runs out before Congress enacts new appropriations, government agencies generally must halt operations.

    On the whole, however, annual appropriations continue to serve much the same purpose in the United States that they did in Britain: They provide a potent check on the executive branch.

    Given how strong this check is, it may not be surprising that presidents have sought ways to get around it.

    President Donald Trump, right, and Elon Musk, left, are cutting congressionally approved government programs and staff – an effort that may be unconstitutional.
    Andrew Harnik/Getty Images

    Based on debatable legal claims, President Barack Obama continued certain health insurance subsidies under the Affordable Care Act even after Congress denied appropriations for them. President Joe Biden attempted massive student debt relief without clear authority from Congress. Courts blocked both those actions, but now the new Trump administration has adopted several controversial policies that implicate Congress’ power of the purse.

    On the one hand, the administration has apparently offered many federal employees nine months of paid leave if they agree to resign from federal service. But the legal basis for these offers is unclear, and it may be that no current appropriation by Congress provides funds for them.

    On the other hand, the administration has attempted to “pause” certain government spending, even though existing appropriations made by Congress may require at least some of this spending.

    These actions could violate not only Congress’ constitutional power of the purse but also specific statutes that Congress has enacted to reinforce its constitutional power.

    The buyout offers could violate a law called the Anti-Deficiency Act that makes it unlawful, and sometimes criminal, for government officials to commit to spending money without an appropriation providing the necessary funds.

    For their part, the pauses could violate a 1974 law called the Impoundment Control Act that generally forbids the government from delaying or withholding spending that Congress has mandated. Courts are now considering challenges to these actions based on these laws and other issues.

    Trump may be hoping that Congress will cure any legal problems by ratifying these actions after the fact in its next round of appropriations legislation. But if Trump is indeed defying Congress’ spending laws and yet faces no consequences, his actions could chip away at Congress’ authority to check presidential policies in the future through its spending choices.

    James Madison would not have been pleased.

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

    – ref. Congress, not the president, decides on government spending − a constitutional law professor explains how the ‘power of the purse’ works – https://theconversation.com/congress-not-the-president-decides-on-government-spending-a-constitutional-law-professor-explains-how-the-power-of-the-purse-works-248644

    MIL OSI – Global Reports –

  • MIL-OSI Security: U.S. Attorney’s Office and ATF File New Charges Against Albuquerque Man

    Source: Office of United States Attorneys

    ALBUQUERQUE – An Albuquerque man, already in custody awaiting trial on federal charges, now faces additional allegations of drug trafficking and firearms offenses.

    According to court documents, on or about March 7, 2020, Kyle Majedi, 45, allegedly possessed with the intent to distribute 50 grams or more of methamphetamine. On the same day, Majedi is accused of possessing with the intent to distribute heroin.

    The indictment further alleges that Majedi knowingly possessed a firearm in connection with these alleged drug trafficking activities. Majedi, who was previously convicted of possession for sale of a controlled substance, is prohibited from possessing firearms.

    Majedi is currently in custody, awaiting trial on separate charges of being a felon in possession of a firearm and ammunition. Trial is scheduled to begin on April 7, 2025. If convicted, Majedi faces up to 10 years in prison, followed by three years of supervised release.

    If convicted on the new charges, Majedi faces not less than 15 years and up to life in prison, followed by five years and up to life on supervised release.

    U.S. Attorney Alexander M.M. Uballez and Brendan Iber, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives, made the announcement today.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated this case with assistance from the New Mexico Department of Justice. Assistant United States Attorney Natasha Moghadam is prosecuting both cases.

    The indictment is the result of a newly formed Firearms Trafficking Task Force. The New Mexico ATF Firearms Trafficking Task Force works with State and local law enforcement partners, including the New Mexico Department of Justice, the Albuquerque Police Department, Sandoval County Sheriff’s Office, the Bernalillo Police Department, and the Santa Fe County Sheriff’s Office to identify, deter, disrupt, and dismantle Firearms Trafficking Organizations (FTOs) supplying firearms to individuals and groups engaged in our community’s most egregious acts of violence, as well as any associated, violent offenders.

    MIL Security OSI –

  • MIL-OSI Global: Most of the world has long feared US power. Now its allies do too.

    Source: The Conversation – UK – By Andrew Gawthorpe, Lecturer in History and International Studies, Leiden University

    When a new US president takes office, his first order of business is usually to reassure America’s allies and warn its enemies. However, Donald Trump is doing things differently. It seems his goal is to strike fear into the heart not of America’s foes, but rather its friends.

    American presidents have traditionally seen the country’s network of allies as a “force multiplier” – something that magnifies American power and applies it more effectively. A broad range of allies means trading partners, military bases and diplomatic support in international institutions. According to this line of reasoning, it is in America’s own interests to defend and support its allies – the benefits outweigh the cost.

    Trump, by contrast, views allies both as competitors and burdens. He thinks they are too reliant on American military power to defend themselves, and that their economic relationship with the US makes them rich at the expense of American workers. He wants US allies, particularly in Europe, to spend more of their own money on defence and to buy more goods from the US.

    He also seems even more willing than in his first term to deploy America’s formidable tools of coercion to make this happen. His widespread threats of tariffs, for instance, are designed to force countries to go along with his wishes, including in non-economic aspects of the relationship. He is also threatening to use economic and military force in alarming ways, such as to seize control of Canada, Greenland and the Panama Canal.

    The result is a world in which American allies can no longer rely on the US to be a reliable partner. They may increasingly have to fend for themselves against not just their traditional foes, but also a predatory Washington.

    Although all US allies are concerned about this turn of events, some are more surprised than others. The biggest shock has come in Europe, which has long occupied a privileged place in America’s strategic thinking.

    Europeans knew that a second Trump term was going to be rough. On the campaign trail, for example, he vowed across-the-board tariffs of up to 20%. But they didn’t expect Trump to threaten the territory of Nato members Canada and Denmark, which owns Greenland.

    As a result, Europeans’ view of the US has shifted since Trump returned to the White House. According to the results of a recent survey by the European Council on Foreign Relations, the majority of people in Europe no longer see the US as an ally that shares the same interests and values, instead agreeing that it is only a “necessary partner”.

    For other US allies and partners, particularly in the global south, this shift is less surprising. Panama owes its existence to an act of US imperialism. The US sent military forces to assist the country in seceding from Colombia in 1903, with the ultimate goal of working with the country’s new government to build the canal.

    But Panama has since witnessed numerous American military interventions. Most recently, in December 1989, the then US president, George H.W. Bush, ordered 20,000 US troops to Panama where they toppled the government and arrested the country’s president, Manuel Noriega, on charges of drug trafficking, racketeering and money laundering.

    Non-western countries have long been used to the idea that the US will disregard their interests and take advantage of their weakness if policymakers in Washington deem it necessary. What we are witnessing now is the extension of this precariousness to all.

    Weakness for flattery

    For world leaders looking to navigate this turbulent time, there is an additional problem. Trump has a habit of personalising diplomacy, deciding whom he likes and whom he doesn’t like based on their perceived friendliness to him rather than a more detached calculation of their interests.

    He is also a sucker for big, splashy acts of diplomacy. He often gives the impression that his main goal is to be able to sign a deal – any deal – which he can declare to be a victory, rather than giving too much thought to the underlying interests at stake.

    This means that smart leaders can flatter and deceive him. In early February, Trump postponed tariffs on Mexico after the country’s president, Claudia Sheinbaum, promised to send troops to the US-Mexico border to tackle the cartels trafficking the drug fentanyl in the US.

    The only problem is that almost all fentanyl is trafficked by US citizens at legal border crossings, who bring in very small quantities of the drug in their vehicles. According to Raúl Benítez, a military expert at Mexico’s National Autonomous University, the “ant-like traffic of fentanyl” makes control of the trade “almost impossible”.

    So, sending additional troops to the border will probably do very little to stem the flow of fentanyl. Trump declared victory anyway – and now other world leaders are studying Sheinbaum’s approach.

    But the occasional weakness for flattery hardly makes Trump reliable.
    Instead, Trump presents US allies with a dangerous and unpredictable force. Like the leaders of Russia and China, Trump seems to view the world as split into spheres of influence in which powerful countries are free to bully their neighbours.

    Many countries will conclude that America is just another aggressive great power to be managed, rather than a country that at least pays lip service to international law. Some might even decide they have no choice other than to develop closer relations with Russia and China, and drift out of the US orbit.

    One thing is clear: US allies must do more to ensure they can defend their interests independently. Unlike a country such as Panama, European countries have the resources to do this, if only they can summon the will. They should count themselves lucky – and get to work.

    Andrew Gawthorpe 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. Most of the world has long feared US power. Now its allies do too. – https://theconversation.com/most-of-the-world-has-long-feared-us-power-now-its-allies-do-too-249826

    MIL OSI – Global Reports –

  • MIL-OSI Global: Robert F. Kennedy Jr. says antidepressants are harder to quit than heroin – is he right?

    Source: The Conversation – UK – By Colin Davidson, Professor of Neuropharmacology, University of Central Lancashire

    Robert F. Kennedy Jr. has been sworn in as the US health and human services secretary, despite saying a few things that raised eyebrows during his confirmation hearing. One of those things was the claim that some people have a harder time coming off antidepressants than they do coming off heroin. He was referring specifically to the current generation of antidepressants called selective serotonin reuptake inhibitors, or SSRIs.

    RFK Jr. is known for saying controversial things about medicine, but is he right on this count?

    Coming off SSRIs can indeed be difficult, causing “SSRI discontinuation syndrome” in some people. The syndrome is characterised by flu-like symptoms, including dizziness, nausea, headaches and tiredness. In most cases, the symptoms are mild and short-lived.

    People trying to come off antidepressants who experience these types of symptom sometimes believe their depression has returned, and will start taking their antidepressant pills again. Differentiating between returning depression and SSRI discontinuation syndrome can be difficult. And it can lead to people continuing to take their antidepressant medication even though they no longer need it.

    Evidence suggests that SSRIs with short half-lives (where the drug is rapidly broken down in the body) are more likely to cause discontinuation syndrome. These drugs include paroxetine and fluvoxamine, which cause discontinuation syndrome in about 7% of people. Antidepressants with a long half-life – such as sertraline and fluoxetine – only cause the syndrome in about 2% of people.

    Other studies suggest that discontinuation syndrome may be as high as 40% when people stop taking SSRIs abruptly.

    The situation is further complicated in that some SSRIs, when broken down by the body, have active metabolites. These metabolites can have similar effects to the SSRI and effectively prolong the half-life of the drug.

    So fluoxetine, which has quite a long half-life and an active metabolite, rarely triggers discontinuation syndrome. On the other hand, paroxetine has a short half-life and no active metabolites and is the SSRI most likely to cause withdrawal effects, accounting for about 65% of cases.

    The simplest explanation for discontinuation syndrome is that coming off these drugs leads to an abrupt and rapid reduction in serotonin, the neurotransmitter thought to mediate the initial antidepressant effects. This is a gross oversimplification, but appropriate levels of serotonin make you happy and relaxed, while low levels make you sad and anxious.

    This serotonin discontinuation theory is supported by studies in rats, although other neurotransmitters are almost certainly involved.

    How does this compare to heroin withdrawal?

    Heroin activates a protein found in the brain, spinal cord and gastrointestinal tract called the mu opioid receptor. When activated, these receptors reduce the perception of pain by blocking pain signals in the nervous system.

    More users of heroin experience a withdrawal syndrome compared to users of SSRIs. Around 85% of opioid users who inject the drug experience severe withdrawal symptoms when they come off it. As with SSRIs, opioid withdrawal syndrome severity depends on how long they have been used for and the half-life of the specific opioid.

    The half-life of heroin is very short, which would suggest that it will cause severe withdrawal symptoms. However, heroin produces two active metabolites when it is broken down in the body, 6-MAM and morphine, which, like heroin, activate mu opioid receptors.

    But these metabolites do not activate the mu opioid receptor to the same extent as heroin. So in most cases of heroin withdrawal, significant symptoms occur as mu opioid receptors quickly shift from a state of high to low activation, leading to severe effects.

    Symptoms include drug craving, anxiety, nausea, diarrhoea, stomach cramps, fever and increased heart rate. These are all caused by changes to opioid receptors in the brain and gut. The gastrointestinal symptoms tend to be shorter lasting, whereas the psychological symptoms, such as anxiety and irritability, can last for years.

    Withdrawal from heroin often requires treatment with methadone or buprenorphine, two drugs that activate the mu opioid receptor but which have long half-lives.

    Typically, someone trying to come off heroin would go to the pharmacist and get a daily dose of methadone or buprenorphine. This is so-called substitution therapy because the new drug (methadone) substitutes for heroin.

    Methadone has many advantages over heroin, including that it is free (no need for criminality to get money for heroin), clean (no need to use potentially dirty needles or potentially contaminated heroin) and less addictive, with reduced side-effects.

    Heroin withdrawal is a relatively more common and more serious condition. But individual patients can still have a terrible time coming off SSRIs and a relatively easier time coming off heroin.

    How do you come off SSRIs?

    To come off SSRIs with minimal chance of a withdrawal syndrome, especially for the short-acting SSRIs, you should taper off the dose. This means that you would take progressively smaller and smaller doses over several weeks or months before coming off completely. Recent medical advice suggests that the tapering should be over a longer period than originally thought, and the final doses should be much lower.

    You could also switch from a short-acting SSRI to one with a long half-life like fluoxetine, and then taper off fluoxetine, which should be easier than tapering off paroxetine.

    Doctors should also consider “nocebo” effects. Just as doctors can increase placebo effects by being positive about a treatment, they can also increase negative effects (nocebo effects) by focusing on potential side-effects. So if your doctor focuses too much on a potential SSRI withdrawal syndrome, you will be more likely to experience negative effects.

    In addition to tapering off SSRIs very slowly, several drugs are available to mitigate the withdrawal effects of SSRIs. These include anxiety-reducing drugs, such as benzodiazepines, and antiemetic drugs, such as ondansetron for nausea.

    RFK Jr. has made several debatable statements related to health, including, for example, on vaccinations. On this occasion, though, concerning antidepressants, there is considerable evidence that coming off of SSRIs can be very difficult. But, for most people, it is unlikely that it would be as difficult as coming off heroin.

    Colin Davidson has previously received funding from the NIH (USA) and the European Community for projects related to drug abuse. His PhD, on the SSRI paroxetine, was sponsored by GSK. He is currently a consultant on psychoactive substances for the UK Defence Science Technology Labs and is a member of the Advisory Council on the Misuse of Drugs (UK). The views expressed here are his own.

    – ref. Robert F. Kennedy Jr. says antidepressants are harder to quit than heroin – is he right? – https://theconversation.com/robert-f-kennedy-jr-says-antidepressants-are-harder-to-quit-than-heroin-is-he-right-248937

    MIL OSI – Global Reports –

  • MIL-OSI Canada: 2025 minimum wage increases confirmed

    Source: Government of Canada regional news

    B.C.’s lowest-paid workers will see a 2.6% wage increase on June 1, 2025, keeping pace with inflation.

    The general minimum wage increases from $17.40 to $17.85 per hour. This follows the changes made in spring 2024 to the Employment Standards Act, which mandated annual wage increases.

    “Minimum wage earners are vulnerable to jumps in the price of groceries, rent and gas,” said Jennifer Whiteside, Minister of Labour. “That’s why we took action last year to ensure the minimum wage keeps up with the cost of living so workers don’t fall further behind.”

    Minimum wage rates for residential caretakers, live-in home-support workers, camp leaders and app-based ride-hailing and delivery services workers will receive the same 2.6% increase on June 1. On Dec. 31, 2025, the minimum piece rates for 15 hand-harvested crops will also increase by the same percentage.

    “Making minimum wage, I know how important this increase is for workers,” said Olivia Brand, who works at the Burquitlam Liquor Store in Coquitlam. “It’s vital for government to continue to raise the minimum wage in line with inflation because it helps workers like me cover everyday expenses more easily and it shows us our hard work is valued.”

    The minimum wage rates increase on June 1 of each year, except for the minimum agricultural piece rates that increase on Dec. 31 of each year to ensure crop producers will not have to adjust wages in the middle of the harvesting season.

    The changes align with government priorities to help lift more people out of poverty, make life more affordable, and build a strong and fair economy for B.C.

    Quotes:

    Philip Aguirre, owner of Old Surrey Restaurant, and executive director of the Newton Business Improvement Association –

    “Supporting workers is crucial for the success of my business. When my employees are paid a fair minimum wage, they feel appreciated and that translates into a more positive work environment. It also leads to higher efficiency and lower turnover, two things every business owner strives for.”

    Fred Soofi, former employer, Pasta Polo, Coquitlam –

    “As a small-business owner for the past 40 years, whenever the government increases the minimum wage, I have always been supportive. I firmly believe it benefits businesses by increasing the productivity and morale of employees. I appreciate our government in B.C. implementing annual minimum wage increases, which are going to help workers and families with the high cost of living we are facing at the present time.”

    Learn More:

    For more information about B.C.’s minimum wage, visit: https://www2.gov.bc.ca/gov/content/employment-business/employment-standards-advice/employment-standards/wages/minimum-wage

    For more information about TogetherBC, B.C.’s poverty-reduction strategy, visit: https://www2.gov.bc.ca/assets/gov/british-columbians-our-governments/initiatives-plans-strategies/poverty-reduction-strategy/togetherbc.pdf

    For more information about B.C. legislation, visit: https://strongerbc.gov.bc.ca/Legislation

    A backgrounder follows.

    MIL OSI Canada News –

  • MIL-OSI USA: SEC Charges One Oak Capital Management and Michael DeRosa with Breaching Fiduciary Duties to Clients

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today filed settled charges against New York-based registered investment adviser One Oak Capital Management LLC, and former One Oak investment adviser representative, Michael DeRosa, for misconduct related to advisory services provided to their retail clients.

    According to the SEC’s order, from approximately June 2020 through October 2023, One Oak and DeRosa recommended that DeRosa’s customers at an unaffiliated broker-dealer, at which he was simultaneously employed, convert more than 180 brokerage accounts to advisory accounts at One Oak. Most of these customers were elderly and had been long-time customers of DeRosa’s at the broker-dealer, which charged the customers on a commission basis. According to the order, One Oak and DeRosa ignored their fiduciary duty and failed to adequately disclose that the conversions from brokerage accounts to advisory accounts would result in significantly higher fees for the clients and increased compensation for DeRosa; nor did they disclose the resulting conflict of interest. The order finds that the change in fee structure resulted in significantly increased costs, but the clients generally received no additional services or benefits. The order further finds that One Oak and DeRosa failed to adequately consider whether it was in their clients’ best interests to convert their brokerage accounts to advisory accounts, and in fact, many of the accounts were not suitable to be advisory accounts.

    “We remain committed to holding accountable investment advisers who breach their fiduciary duties at the expense of retail clients,” said Tejal D. Shah, Associate Regional Director in the New York Regional Office. “One Oak and DeRosa converted brokerage accounts to advisory accounts when it benefitted them through higher fees, but that conversion was not in their clients’ best interests.”

    The SEC’s order finds that One Oak and DeRosa willfully violated the antifraud provisions of Section 206(2) of the Investment Advisers Act of 1940, and that One Oak also violated the compliance rule provisions of the Advisers Act. Without admitting or denying the SEC’s findings, One Oak consented to an order requiring it to pay a civil penalty of $150,000 and to retain an independent compliance consultant to review certain of its policies and procedures related to its retail business. Without admitting or denying the findings in the order, DeRosa agreed to a civil penalty of $75,000 and to a nine-month industry suspension.

    The SEC’s investigation was conducted by Alexander M. Levine, Hermann A. Vargas, and Liora Sukhatme under the supervision of Ms. Shah, all of the New York Regional Office. The SEC appreciates the assistance of Thomas Strafaci, Stephanie A. Morena, David Jaffe, and Jennifer A. Grumbrecht of the Division of Examinations in the New York Regional Office.

    MIL OSI USA News –

  • MIL-OSI Africa: Kenya relies on USaid famine warning system – what happens now that it’s gone?

    Source: The Conversation – Africa – By Timothy Njagi Njeru, Research Fellow, Tegemeo Institute, Egerton University

    Famine Early Warning Systems Network (Fews Net), a web-based platform for predicting famine, went offline on 30 January 2025. The system had provided up-to-date data to predict and track food insecurity in nearly 30 countries in Africa, central America and Asia for 40 years. It was funded by the US Agency for International Development (USAid). It went offline following USAid’s shutdown by the new US administration.

    In Kenya, Fews Net worked with the National Drought Management Agency and the Kenya Food Security Steering Group to develop regular outlook reports at national and county levels. Timothy Njagi Njeru, an agricultural economist who researches food security and emergency responses, explains what Fews Net’s abrupt departure portends for Kenya.

    What are the highlights of the network’s work in Kenya?

    The famine early warning network provided data and interpretation to shape decisions on food insecurity in Kenya. The Kenyan pages on the web platform – which has gone dark – included:

    • an outlook for crop production based on climate data and extreme weather events

    • a standardised measure of food insecurity that helped governments prioritise their responses

    • a forecast of potential food crises using climate, economic and conflict data.

    Fews Net was launched in response to devastating famines in east and west Africa in the mid-1980s. Its main objective was to gather and analyse data to help governments avert food security crises.

    This evolved to support other critical areas that affected food security. For example, in the beginning, the network used weather information to generate forecasts on food crises. In time, it also collected price data and trade data, especially on staple commodities, to inform market stabilisation policies. And it tracked climate adaptation strategies.

    Its work helped highlight the regions vulnerable to food insecurity, assessed the support these communities got and tracked the effects of weather variability.

    In Kenya, the network worked with the Kenya Food Security Steering Group, which is made up of government, multilateral and non-profit agencies. The National Drought Management Authority, Kenya Meteorological Department and Kenya National Bureau of Statistics are in the group. So are the ministries of agriculture, health, water and education, and county governments. Development partners such as the Food and Agriculture Organization (FAO) and Unicef, and civil society organisations, such as the World Food Program and World Vision, are also members.

    Their work was published in regular Food and Nutrition Security Assessments.

    Fews Net also provided country and county-level briefs. These provided updates on the scale of food insecurity and assistance provided to these regions. They contained forecasts of crop and livestock production. They provided analyses of food trade, price trends, conflict incidences, and performance of assistance programmes. The forecasts helped generate recommendations for specific regions.

    All this data was critical for market intelligence and developing value chains. It helped stakeholders make decisions about services, infrastructure support and demand or supply.

    What difference has it made?

    The Famine Early Warning Systems Network made a huge contribution to Kenya and the region as a whole. The seasonal food security forecasts enabled governments and development partners to respond to crises adequately and in a coordinated manner.

    The network’s analytics on price trends and food trade proved very useful in overcoming obstacles to food trade. These included information asymmetry on demand and supply trends. The analytics also highlighted where infrastructural or security challenges might affect the flow of food from surplus to deficit areas. This equipped the government and stakeholders with the information to respond appropriately.

    The analytics on household data provided information on household income, food availability and mechanisms to cope with food shocks. This informs government and others about local communities’ capacity to respond to shocks.

    The tracking of local market price data informed policy responses, such as livestock offtake programmes at the height of drought or famines. Offtake programmes provide a ready market for families grappling with drought. They enable them to sell their cattle before incurring losses caused by livestock deaths during drought seasons. These programmes help communities enhance their market participation and reduce losses as they are able to sell their livestock at fair prices.

    What gaps will its absence create?

    The absence of the early warning network will affect Kenya’s ability to address food insecurity. It leaves a gap in financial and technical capacity to generate timely forecasts to inform decision making.

    It will take time for other institutions to replace that contribution. In the short run, stakeholders can use the information that’s already been generated. In the medium term, there may be uncertainty and incoherence in interventions and investments.

    Because Kenya’s weather has been so variable, the country needs seasonal forecasts at both national and county levels.

    What should Kenya do to fill the gap?

    Kenya can strengthen the capacity in institutions such as the drought management authority and statistics bureau.

    In the long term, the country must increase financial investments that support food security. And it must build technical capacity to produce credible, reliable and timely food security forecasts.

    – Kenya relies on USaid famine warning system – what happens now that it’s gone?
    – https://theconversation.com/kenya-relies-on-usaid-famine-warning-system-what-happens-now-that-its-gone-249614

    MIL OSI Africa –

  • MIL-OSI USA: JE Bakery 2019 LLC DBA Broadway Bakery Issues Allergy Alert for Mislabeled Raisin Bran Muffin 6 Count Due to Undeclared Walnuts

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Food & Beverages
    Reason for Announcement:

    Recall Reason Description

    Undeclared walnuts

    Company Name:
    JE Bakery LLC DBA Broadway Bakery
    Brand Name:

    Brand Name(s)

    Cub Foods, Jerrys Foods, Country Market

    Product Description:

    Product Description

    Raisin Bran Muffin

    Company Announcement

    JE Bakery 2019, LLC, Minneapolis MN is voluntarily recalling its Raisin Bran Muffin 6 count due to a labeling error. The affected product was mislabeled and instead contains Glorious Morning Muffins, which contains Walnuts, a known allergen not declared on the label.

    The product was distributed through retail grocery stores in the Twin Cities, MN area. It is packaged in a 6 count clear muffin container with a sell by date of 2/18/2025 and a net weight of 12 oz. The muffins were labeled under the following Brands: Cub Foods, Jerrys Foods, and Country Market and contains UPC 0 29341-00233 . The mislabeling issue was discovered when one of our retail locations reported the error. All impacted stores have been notified and have since removed the mislabeled product from their shelves

    To date, no illness have been reported. However, individuals with a Walnut allergy could be at risk of a serious or life-threatening allergic reaction if they consume the mislabeled product. Customers who have purchased the affected Raisin Bran Muffin 6 count package are urged not to consume it and to return it to the place of purchase for a full refund.

    Consumers with questions may contact the retail store directly or JE Bakery 2019, LLC at (612) 509-1546.

    We sincerely apologize for any inconvenience this may cause and are committed to ensuring the safety and quality of our products.

    Company Contact Information

    Consumers:
    JE Bakery 2019, LLC
    (612) 509-1546

    Product Photos

    MIL OSI USA News –

  • MIL-OSI USA: Two Free Weekends Announced for Out-of-State Snowmobilers

    Source: US State of New York

    Governor Kathy Hochul today announced two free snowmobile weekends for all out-of-state and Canadian snowmobilers to rev their engines and explore what New York has to offer. New York State will waive registration fees for out-of-state snowmobilers February 28-March 2 and March 7-9, 2025, encouraging out-of-state visitors to come ride the more than 10,000 miles of snowmobile trails in New York State.

    “New York is home to more than 10,000 miles of snowmobile trails, making it the perfect place to explore everything from snow peaked mountains and endless forests to pristine valleys and the Great Lakes,” Governor Hochul said. “I encourage everyone to take advantage of the beauty our state has to offer, and we’re making it easier with free snowmobiling weekends for adventurers to see it for themselves.”

    During the weekends, the registration requirement in New York is waived for already properly registered and insured out-of-state snowmobiling enthusiasts. Participants in these free snowmobiling events must operate a snowmobile that is registered in their home state/province and must carry any applicable insurance as required. Outside of this promotion, out-of-state and Canadian snowmobilers are required to register their snowmobiles with New York State before hitting the State’s trails — from the Hudson Valley to the North Country to Western New York.

    These free snowmobiling weekends, February 28-March 2 and March 7-9, 2025, help boost tourism for State and local economies, and reinforce New York’s commitment to the industry. New York State has made an ongoing commitment to snowmobile trail maintenance and our local grants program is funded by snowmobile registration fees collected by the State Department of Motor Vehicles and deposited into the Snowmobile Trail Development and Maintenance Fund. County and municipal governments distribute the grants to about 230 snowmobile clubs across the State, which in turn groom and maintain the trails.

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simons said, “New York State is fortunate to have many snowmobile clubs, counties, and municipalities who do great work to groom and maintain our trail network, ensuring a smooth ride and a safe, enjoyable journey for all. Our trails offer a thrilling escape into winter wonderlands—winding through pristine forests, across snowy fields, and offering breathtaking views at every turn. It’s not just a ride, it’s an adventure leaving visitors eager to return again and again and explore more of what the Empire State has to offer.”

    Empire State Development President CEO and Commissioner Hope Knight said, “New York’s free snowmobiling weekends are the perfect time for visitors to explore the state’s picturesque winter landscape and its vast network of snowmobile trails. Tourism is crucial to our regional economies, and opportunities like this help to welcome guests who stay, dine and shop in our vibrant communities, supporting local jobs and small businesses.”

    New York State Department of Motor Vehicles Commissioner Mark J.F. Schroeder said, “Our state is enjoying an exceptional snowmobiling season, and these free weekends are the perfect opportunity for non-New Yorkers to experience all that we have to offer. Remember that visitors who snowmobile here outside of designated free weekends must obtain a temporary snowmobile registration, while New Yorkers must renew their snowmobile registrations annually online. The registration fees go toward maintaining our beautiful trail network, which all snowmobilers must enjoy safely and responsibly. That means always wearing a helmet and never riding while impaired.”

    New York State Department of Environmental Conservation Interim Commissioner Sean Mahar said, “New York’s network of snowmobile trails provides extraordinary winter recreation for residents and visitors alike. I encourage the public to take advantage of these free weekends to enjoy some of the thousands of miles of trails the state has to offer and to ride safely and responsibly to protect themselves and others.”

    New York State Snowmobile Association President Rosanne Warner said, “The New York State Snowmobile Association and all of its member clubs would like to thank the Governor for promoting snowmobiling as an important part of the winter tourism economy. In-state snowmobilers as well as out-of-state visitors enjoy riding our trail system and are always pleased with the diversity of riding opportunities New York State has to offer. Snowmobilers are very important contributors to our local winter economy and we appreciate the support and recognition of Governor Hochul.”

    New York State reminds riders to observe trail conditions and safety procedures while snowmobiling. Trail conditions vary depending on snowfall amounts and other factors. Snowmobilers, fishermen, skiers and snowshoers should put safety first and to proceed with extreme caution before venturing on ice- or snow-covered bodies of water. Historically, the two leading causes of snowmobile injuries in New York State are excessive speed and operator intoxication.

    Top safety recommendations include:

    • INSPECT and properly maintain your snowmobile; carry emergency supplies
    • ALWAYS wear a helmet with DOT-certified standards and make sure you wear appropriate snowmobile gear including bibs, jackets, boots, and gloves to withstand the elements
    • ALWAYS ride with a buddy or group and tell a responsible person where you will be riding and your expected return time
    • SLOW DOWN. Ride within your ability
    • STAY ON MARKED TRAILS. Respect landowners and obey posted signs
    • NEVER drink alcohol or use drugs and ride
    • FROZEN BODIES OF WATER are not designated trails; if you plan to ride on ice, proceed with caution and be aware of potential hazards under the snow. If you choose to ride on ice, wear a snowmobile suit with flotation built-in and carry a set of ice picks as a precaution.

    Check the websites of area snowmobile clubs for information on trail conditions, including the status of grooming. Individuals operating a snowmobile should be familiar with safe riding practices and all applicable laws, rules and regulations. The New York State Snowmobile Association website provides information about snowmobiling and snowmobile clubs. Maps of the State snowmobile trail network are available on New York State Parks’ website.

    More information on planning a great snowmobile getaway and other ways to enjoy winter in New York State is available at iloveny.com/winter.

    The DMV reminds New York riders that snowmobile registrations must be renewed annually. DMV allows snowmobilers to renew registrations online on the DMV website, by mail or in person at a DMV office. Snowmobile registration costs $100 but is decreased to $45 if the snowmobiler is a member of a local snowmobile club.

    Non-New Yorkers who wish to use a snowmobile in New York State before or after this promotional weekend can use the NYS Registration for Out-of-State Snowmobile service to get a 15-day registration and operate their snowmobile here immediately. DMV will send a permanent registration in the mail.

    The free snowmobile weekend complements Governor Hochul’s efforts to encourage outdoor recreation. The FY26 Executive Budget proposes $200 million for State Parks to invest in and aid the ongoing transformation of New York’s flagship parks and support critical infrastructure projects throughout the park system. The Governor’s new Unplug and Play initiative also earmarks $100 million for construction and renovation of community centers through the Build Recreational Infrastructure for Communities, Kids and Seniors (NY BRICKS), $67.5 million for the Places for Learning, Activity and Youth Socialization (NY PLAYS) initiative helping New York communities construct new playgrounds and renovate existing playgrounds; and an additional $50 million for the Statewide Investment in More Swimming (NY SWIMS) initiative supporting municipalities in the renovation and construction of swimming facilities.

    For information on snowmobiling, visit parks.ny.gov. Visit the DEC website for more information on snowmobiling on State lands.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta, State Attorneys General Issue Statement Regarding the Vice President’s Comments on Judicial Review on February 9, 2025

    Source: US State of California

    “If a judge tried to tell a general how to conduct a military operation, that would be illegal.  If a judge tried to command the attorney general in how to use her discretion as a prosecutor, that’s also illegal. Judges aren’t allowed to control the executive’s legitimate power.”  Vice President Vance, February 9, 2025 

    OAKLAND – California Attorney General Rob Bonta today released the following joint statement, signed by 17 state attorneys general, regarding Vice President Vance’s comments on judicial review made on February 9, 2025.  

    “The Vice President’s statement is as wrong as it is reckless.  As chief law enforcement officers representing the people of 17 states, we unequivocally reject the Vice President’s attempt to spread this dangerous lie. 

    “Judges do not ‘control’ executive power. Judges stop the unlawful and unconstitutional exercise of power. As Chief Justice Marshall said in Marbury v. Madison over 200 years ago, ours is ‘a government of laws, and not of men,’ and that ‘it is emphatically the province and duty of the judicial department to say what the law is.’  For those who value the original intent of the founders and our legal traditions, nothing is more firmly rooted in our legal history, tradition, and the original intent of the founders than the power of judges to stop the executive from breaking the law.

    “Americans understand the principle of checks and balances. The judiciary is a check on unlawful action by the executive and legislative branches of government. Generals, prosecutors, and all public officials are subject to checks and balances. No one is above the law.    

    “As Attorneys General, we will carefully scrutinize each and every action taken by this administration. If the Constitution or federal law is violated, we will not hesitate to act. 

    “That is why we have already filed motions in courts across this country to seek temporary restraining orders and injunctions blocking the unlawful and unconstitutional executive orders and actions, including those to ban birthright citizenship; indiscriminately freeze federal funding; cap vital medical research dollars; and grant unauthorized disclosure of Americans’ private records and data. 

    “Judges granted our motions and issued restraining orders to protect the American people, democracy, and the rule of law. That is and has always been their job.  That job is the very core of our legal system. And in this critical moment, we will stand our ground to defend it.” 

    Attorney General Bonta joins the attorneys general of Connecticut, Arizona, Delaware, Hawaii, Illinois, Maryland, Massachusetts, Maine, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and Washington in signing the statement.  

    MIL OSI USA News –

  • MIL-OSI Canada: Targeted actions prevent spread of chronic wasting disease in urban deer

    The Province, with the support of the City of Cranbrook, the City of Kimberley and ʔaq’am, is taking action to curb the spread of chronic wasting disease (CWD) by targeted removal and testing of urban deer.

    CWD is a fatal infection that affects species in the deer family (cervids), such as mule deer, white-tailed deer, elk, moose and caribou. The disease spreads through grooming, body fluids and shared spaces.

    The risk of spread is higher in urban deer because of population density. Urban deer populations in Cranbrook and Kimberley are of special concern because of their proximity to five positive cases of CWD detected in the Kootenay region over the past year. Targeted efforts in both communities will provide important data about the prevalence of CWD and reduce the risk of transmission.

    Conducting this work safely and humanely is a top priority. Animal handling and targeted removals are undertaken by trained professionals following strict protocols to ensure public safety and minimize stress on the animals throughout the operation.

    Deer removal will take place in Cranbrook and Kimberley from Feb. 18-28, 2025. The results of the sample testing will be shared.

    Future management decisions will be based on surveillance data, research and Indigenous knowledge with input from advisory committees.  

    MIL OSI Canada News –

  • MIL-OSI Canada: Old Fashioned Family Fun at Government House

    Source: Government of Canada regional news

    Released on February 14, 2025

    The Provincial Capital Commission invites visitors to Government House this Family Day for free, fun-filled activities and to learn more about the historic facility.

    “Family Day at Government House is the perfect opportunity to reconnect with family and friends,” Minister Responsible for the Provincial Capital Commission Eric Schmalz said. “Government House is a welcoming, family-friendly place in the heart of Saskatchewan’s capital city that provides unique opportunities to learn more about our great province and have some fun while doing so.” 

    The event runs from 10 a.m. until noon, and then from 1 to 3 p.m. Join Government House staff and volunteers for activities for all, including:

    • NEW THIS YEAR – All-ages acting workshops led by the Globe Theatre School.
    • Puppet shows by Wide Open Children’s Theatre return for the fifth year.
    • Our Once Upon a Time playroom will be available for children six years old and under.
    • A variety of board games set up for all to enjoy. 

    Visitors are also encouraged to explore the Amédée Forget Museum and check out the newest exhibit in the Queen Elizabeth II Art Gallery. There is always something to see and do at Government House.

    For more information, visit: https://governmenthousesk.ca/events/family-day

    About Government House

    Government House is a National Historic Site and Provincial Heritage Property with a mission to provide visitors with an accessible historic place to preserve, promote and celebrate Saskatchewan’s living heritage. Government House is the steward of a vibrant collection and historic property that is living and ever-changing. Experience the story of Government House through educational experiences, engaging programs, and collaborative partnerships. 

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Hawley Secures Commitments from Trump Education Nominee on Title IX Protections, Combating Campus Antisemitism

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Thursday, February 13, 2025

    Today in a Health, Education, Labor, and Pensions (HELP) committee hearing, U.S. Senator Josh Hawley questioned Linda McMahon, President Donald Trump’s nominee to lead the Department of Education, about guaranteeing basic safety for women on college campuses and cracking down on campus radicalism.
    Senator Hawley brought up Title IX protections for female students, both on the athletic field and in places such as locker rooms and dormitories. He noted President Trump’s recent executive order safeguarding women’s sports and spaces but noted that some universities have vowed to defy it. 
    “What can be done to ensure that these colleges comply with the law, and that women are safe on campus, and that women are able to play sports without men interfering?” the Senator asked. McMahon promised to investigate and cut funding to universities in violation.
    [embedded content]
    Click here or above to watch the full clip. 
    Senator Hawley also highlighted the wave of antisemitism that has rocked college campuses since the October 7, 2023 attacks on Israel and the hostility many Jewish-American students have faced. He noted that these universities are taking federal funds while failing to protect Jewish students. 
    The Senator asked for McMahon’s commitment to “enforce the law […] to the hilt,” “make sure that Jewish Americans are safe on our campuses,” and cut off federal dollars to campuses harboring “these crazy students who are committing crimes, breaking windows, smashing into buildings, [and] trapping Jewish students in libraries.” McMahon stated that she would.
    Finally, the Senator received assurances from McMahon that she would work to revoke visas and send home campus radicals who have threatened their fellow students, supported terrorist organizations, or broken the law by trespassing, vandalizing, or committing acts of violence against Jewish students.

    MIL OSI USA News –

  • MIL-OSI USA: Durbin, Duckworth Join Entire Democratic Caucus To Raise Alarm Over Trump Administration Pushing Illegal, Indiscriminate Funding Cuts To NIH, Derailing Lifesaving Medical Research

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 13, 2025

    Illinois receives $1.23 billion in NIH funding that supports more than 14,200 jobs and $3.46 billion in economic activity

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Senator Tammy Duckworth (D-IL) today joined U.S. Senator Patty Murray (D-WA), as well as the entire Senate Democratic Caucus, in sending a letter to U.S. Department of Health and Human Services Secretary Robert F. Kennedy, Jr. expressing serious alarm over the Trump Administration’s recent decisions that threaten to undermine America’s biomedical research infrastructure and setting progress back generations.  The steps the Trump Administration has taken would create a serious funding shortfall for research institutions nationwide, threaten to undermine progress on lifesaving scientific advancements, and could cost the U.S. economy billions of dollars while threatening the livelihoods of hundreds of thousands of workers. 

    “As the largest public funder of biomedical research in the world, NIH plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others.  President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks.  In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research.  While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds,” the lawmakers wrote.

    Last week, NIH announced it would set the maximum reimbursement rate for indirect costs to 15 percent—creating a serious funding shortfall for research institutions of all types across the country.  This move would dismantle the biomedical research system and stifle the development of new cures for disease.  It won’t produce cost savings—it will just shift costs to states who can’t afford to pay the difference.  Importantly, this action by the Trump Administration is illegal—Congress’ bipartisan Labor-HHS-Education Appropriations Bill prohibits modifications to NIH’s indirect costs.

    “This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on.  The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly,” the Senators wrote.  On Monday, a federal judge in Boston temporarily blocked the NIH rate cut and set a hearing for February 21.

    The Senators’ letter points out that, in addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia.  NIH research supported more than 412,000 jobs and fueled nearly $93 billion in new economic activity in Fiscal Year 2023 and every dollar the NIH invests in research generates almost $2.50 in economic activity. 

    “The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country.  Institutions and grantees nationwide are dealing with an unprecedented external communications ‘pause’ enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work.  These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments.  These disruptions do not just slow research—they cost lives,” the Senators continued.

    “Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration.  We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted,” the lawmakers wrote.

    The letter was signed by the entire Senate Democratic caucus.  In addition to Durbin, Duckworth, and Murray, U.S. Senators Angela Alsobrooks (D-MD), Tammy Baldwin (D-WI), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Maria Cantwell (D-WA), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), John Fetterman (D-PA), Ruben Gallego (D-AZ), Kirsten Gillibrand (D-NY), Maggie Hassan (D-NH), Martin Heinrich (D-NM), John Hickenlooper (D-CO), Mazie Hirono (D-HI), Tim Kaine (D-VA), Mark Kelly (D-AZ), Andy Kim (D-NJ), Angus King (I-ME), Amy Klobuchar (D-MN), Ben Ray Luján (D-NM), Ed Markey (D-MA), Jeff Merkley (D-OR), Chris Murphy (D-CT), Jon Ossoff (D-GA), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Chuck Schumer (D-NY), Jeanne Shaheen (D-NH), Elissa Slotkin (D-MI), Tina Smith (D-MN), Chris Van Hollen (D-MD), Mark Warner (D-VA), Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR) signed onto the letter.

    Durbin has long been a strong advocate for robust medical research.  His legislation, the American Cures Act, would provide annual budget increases of five percent plus inflation at America’s top four biomedical research agencies: NIH, the Centers for Disease Control and Prevention, the Department of Defense Health Program, and the Veterans Medical and Prosthetics Research Program. Thanks to Durbin’s efforts to increase medical research funding, Congress has provided NIH with a 60 percent funding increase over the past decade.

    A PDF of the letter is available HERE and the full text is below:

    February 13, 2025

    Dear Secretary Kennedy,

    We write to express our serious concern with the Trump Administration’s recent decisions that threaten to undermine the nation’s biomedical research infrastructure and set us back generations. The steps the Trump Administration has taken will create a serious funding shortfall for research institutions nationwide, threaten to undermine progress on lifesaving scientific advancements, could cost the U.S. economy billions of dollars, and threaten the livelihoods of hundreds of thousands of workers. 

    As the largest public funder of biomedical research in the world, NIH plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds.

    Just last week, NIH announced an illegal plan to cap indirect cost rates that research institutions rely on. In capping indirect cost rates at 15 percent for NIH-funded grants, this policy would cut funding essential for conducting research, such as operating and maintaining laboratories, equipment, and research facilities. This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly.

    These confusing and harmful policy changes threaten patient safety. The strength of the American research enterprise – recognized as the best in the world – is built on Congress’ bipartisan commitment to supporting essential research infrastructure. This funding, which Congress has long appropriated on a bipartisan basis, fuels groundbreaking medical discoveries and cements the United States’ position as the global leader in biomedical research.

    In addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia, with everyone from custodians, to research trainees, to scientists facing potential layoffs. NIH research supported more than 412,000 jobs and fueled nearly $93 billion in new economic activity in Fiscal Year 2023. Every dollar the NIH invests in research generates almost $2.50 in economic activity. These reckless policy changes not only threaten biomedical innovation and research, but also the livelihoods of thousands of workers in every state across the nation.

    The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications “pause” enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research – they cost lives.

    The NIH plays a critical role in our nation’s efforts to fund scientific advancements that improve health and save lives. Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted.

    Sincerely,

    -30-

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Salford kicks off Women’s Rugby World Cup 2025 preparations with a special reception for Eccles RFC women and girls teams

    Source: City of Salford

    To launch the city’s preparations for the Women’s Rugby World Cup and celebrate the incredible contribution of women and girls’ rugby in Salford, the Ceremonial Mayor hosted a special reception at Salford Civic Centre for players, coaches, and volunteers from Eccles RFC.

    The event also recognised Eccles RFC’s achievement in receiving the prestigious King’s Award for Voluntary Service. As Salford’s largest community Rugby Union club, Eccles RFC plays a vital role in promoting rugby and supporting the local community, offering opportunities for women and girls to get involved in the game.

    Ceremonial Mayor, Councillor Tanya Burch, said: “Eccles RFC is a shining example of what sport can achieve. Not only does it help people stay active, but it also brings communities together and offers fantastic opportunities for women and girls to be part of something special. Congratulations again to Eccles RFC for their well-deserved King’s Award for Voluntary Service, and thank you to everyone who continues to support and grow women’s rugby in Salford.”

    Councillor Robinson-Smith, Lead Member for Culture, Heritage, Equalities, Sports and Leisure, said: “With just over six months to go until Salford Community Stadium hosts four Rugby World Cup pool games, we’re working hard to ensure the tournament leaves a lasting legacy in our city. From schools programmes to non-contact rugby sessions led by Salford Community Leisure, we’re creating exciting opportunities for more women and girls to experience and enjoy the game.”

    The Rugby World Cup 2025 will see the world’s best women’s teams compete in venues across England, with Salford Community Stadium hosting four pool games. This is a fantastic opportunity for local residents to experience international rugby at the highest level and cheer on teams like Australia, Scotland, and Wales right here in Salford. The tournament aims to inspire the next generation of players and leave a lasting legacy for women’s rugby in the city.

    Salford Community Stadium will host the following Women’s Rugby World Cup pool games:

    Saturday 23 August 2025

    • Australia vs Samoa
    • Scotland vs Wales

    Saturday 30 August 2025

    • Canada vs Wales
    • Scotland vs Fiji

    Share this

    Date published
    Friday 14 February 2025

    Press and media enquiries

    MIL OSI United Kingdom –

  • MIL-OSI USA: Gov. Kemp: Georgia Breaks Export Records, Rises in Total Trade

    Source: US State of Georgia

    ATLANTA – Governor Brian P. Kemp today joined the Georgia Department of Economic Development (GDEcD) in announcing that the State of Georgia surpassed $53.1 billion in exports, a year-over-year increase of 6.4% that outpaced the national average of 2.3%. The state also moved up a rank to sixth in the United States for dollar value of trade, serving as a global gateway to facilitate more than $198.7 billion in trade to 222 unique countries and territories.

    “With more than 87% of Georgia exporters being small businesses, these record-breaking numbers represent economic opportunity and success in every corner of the state,” said Governor Brian Kemp. “In 2024, Georgia outpaced the national average for growth in exports and moved up another rank in total trade, further demonstrating that our strategic investments and commitment to working with job creators to meet their needs are delivering results for hardworking Georgians.”

    Exporting to 219 unique destinations in 2024, Georgia retained its No. 12 ranking in the U.S. for dollar value of exports. Civilian aircraft and ancillary parts also remained the state’s No. 1 export, followed by motor vehicles, data processing machines (computers), electrical apparatus for line telephony (telephone sets), and medical devices. 

    “Georgia’s diverse industry base and connectivity to more than 200 global markets create a more resilient state economy,” said GDEcD Commissioner Pat Wilson. “Georgia offers extensive partnerships, expert guidance on export strategies, and top-tier infrastructure – including deepwater ports, railways, highways, and airports – that empower businesses to thrive in the global market. We appreciate the General Assembly, local leaders, and statewide partners for ensuring Georgia remains the No. 1 state for business, supporting companies in expanding, investing, and moving products both statewide and worldwide.”

    The state’s international trade efforts are bolstered by representatives in key markets around the world that facilitate connections between Georgia exporters and key global customers. Markets where Georgia maintains full-time representation accounted for 66% of exports and 83% of bilateral trade in 2024.

    “A fourth consecutive year of record-breaking exports is an incredible accomplishment that requires strong partnerships at all levels, from global to local,” said Deputy Commissioner of Trade Lizann Grupalo. “Georgia’s international representatives are a key link to global markets, providing on the ground insights to navigate an ever-changing global environment. Their contributions allow our Georgia-based team members to serve Georgia’s small business exporters who otherwise may not have access to this information and opportunities.”

    Georgia is home to the busiest and most efficient airport in the world, Hartsfield-Jackson Atlanta International Airport; the fastest growing and third-busiest container gateway in the U.S. at the Port of Savannah; and one of the nation’s busiest gateways for Roll-on/Roll-off cargo at the Port of Brunswick. The Georgia Ports Authority also recently announced twelve consecutive months of year-over-year container volume growth, on top of consistent growth for multiple years prior. In addition, Georgia offers a robust rail and highway infrastructure, with more rail miles than any other state in the Southeast.

    About the Annual International Trade Report

    GDEcD’s annual International Trade Report is an overview of the state of Georgia’s annual trade activity based on data from Trade Data Monitor. Trade Data Monitor tracks the value of merchandise trade, meaning tangible products or goods only, using four-digit Harmonized System (HS) codes and origin of movement.

    To read the full report, click here.

    About GDEcD’s Trade Team

    Georgia’s nationally recognized Trade team works to bolster Georgia exports and brand the state as a competitive source of quality products and services. The team includes International Representatives located in more than a dozen strategic global markets who assist Georgia companies with expanding their sales worldwide. GDEcD’s Trade professionals provide Georgia businesses with the global insight and connections they need to successfully diversify their international customer base.

    MIL OSI USA News –

  • MIL-OSI USA: “Legendary” Winter Adventure: 6 Friends Conquer 4 ND Ski Areas in One Day

    Source: US State of North Dakota

    A group of six friends, deeming themselves the “Motley 701 Ski-A-Palooza,” recently embarked on an ambitious mission: to snowboard at all four North Dakota ski areas – Frost Fire Park, Bottineau Winter Park, Thrill Hills, and Huff Hills Ski Area – in a single day. Their successful 10-hour adventure highlights the unique winter recreation opportunities available across the state.

    “It started out as a ridiculous challenge, but it was amazing how everything came together to make this a reality,” says McVille resident Brent Huso. “When you get to a certain age, making plans and activities with old friends needs to be prioritized more. This was an opportunity to create a memorable experience, which is what life is all about.” 

    The “Ski-A-Palooza” group began their journey early on February 8, successfully conquering each slope and concluding their challenge with a nighttime ride at Huff Hills. 

    “When they reached out explaining what they wanted to do, I said ‘Hold on, what are you guys doing?’ This is one of the coolest ideas ever,’” said Andy Beck, Mountain Operations Manager at Huff Hills. “We were excited to be the last stop on their tour. We kept some staff on and turned on the lights to make sure they could finish out the challenge.” 

    Beck encourages more people to take on the challenge with the hopes of extending their trip to spend more time on the slopes and in the communities. “We’d love to hear from others wanting to do this. Maybe go over a weekend so they can spend more time at each area,” he says. “This has been a great season for us. Even if there isn’t snow in people’s backyards, we have snow, and that’s true for all four ski areas in the state this winter.”

    This successful adventure showcases the growing popularity of winter recreation in North Dakota. Recent investments in North Dakota’s ski areas through the state’s Destination Development Grants have resulted in significant enhancements to facilities, making them more attractive to visitors and residents alike.

    “With the long winter months here in North Dakota, there is still plenty of beauty to take in and explore,” says Huso. “We hope others get out to support our local winter sports and aren’t afraid of travel a bit to partake.” 

    To learn more about North Dakota’s ski areas, go to https://www.ndtourism.com/articles/downhill-skiing-snowboarding-and-tubing.

    MIL OSI USA News –

  • MIL-OSI Canada: Premier’s, minister’s, parliamentary secretary’s, MLA’s statements on the Women’s Memorial March

    Source: Government of Canada regional news

    Premier David Eby has issued the following statement in honour of the annual Women’s Memorial March:

    “Today, hundreds of people will come together on Vancouver’s Downtown Eastside to honour and advocate for missing and murdered Indigenous women, girls, Two Spirit and trans people. They will walk through the streets, pausing where the missing and murdered were last seen or found. They will remember, mourn and call for an end to racism, inequity and gender-based violence.

    “Our government stands with survivors, supporters and the loved ones left behind – and we are answering their call.

    “We are taking action to end the crisis of missing and murdered Indigenous women, girls, Two Spirit and trans people by working in partnership with Indigenous people to increase safety and supports for survivors, uplift Indigenous-led approaches and break the cycle of violence through prevention, healing and accountability.

    “It is fitting that the Women’s Memorial March is on Valentine’s Day. Everyone we have lost was deeply loved by their family, friends and community. In memory of all missing and murdered Indigenous women, girls, Two Spirit and trans people, we recommit to ending racism and gender-based violence so everyone in B.C. can enjoy a lifetime of love without the risk of being harmed just because of who they are.”

    Christine Boyle, Minister of Indigenous Relations and Reconciliation, said:

    “On Jan. 20, 1992, Cheryl Ann Joe, a 26-year-old mother of three young boys, was murdered in Vancouver’s Downtown Eastside. The Women’s Memorial March sparked by her death has grown to become about every missing and murdered Indigenous woman, girl, Two Spirit and trans person. It is a call to action to end gender-based violence and we are committed to supporting and leading that work in every way we can.”

    Jennifer Blatherwick, parliamentary secretary for gender equity, said:

    “Indigenous women, girls, Two Spirit and trans people have the right to feel and be safe, and yet they are at greater risk of violence. Today, and every day, we grieve for those who are missing and those whose lives have been stolen. Through Safe and Supported: B.C.’s gender-based violence action plan, we are continuing the vital work to address gender-based violence, systemic racism and discrimination.”

    Joan Phillip, MLA for Vancouver-Mount Pleasant, said:

    “For 33 years, the grassroots efforts of community members have brought us together on Feb. 14 to acknowledge violence against Indigenous women, girls, Two Spirit and trans people. We walk together to honour those who have been murdered or went missing, and survivors and their families. We need to continue working together as government to address the underlying causes of gender-based violence and racism so that every Indigenous woman, girl, Two Spirit and trans person feels safe.”

    MIL OSI Canada News –

  • MIL-OSI Canada: Saskatchewan Exploring New Opportunities in Vietnam and Singapore

    Source: Government of Canada regional news

    Released on February 14, 2025

    Mission focuses on natural resources, agriculture, education and more.

     Minister of Trade and Export Development Warren Kaeding is leading a delegation to Vietnam and Singapore to maintain and grow trade opportunities, increase investment attraction, encourage collaboration in higher education, and showcase Saskatchewan’s capacity to support nations around the world to meet food and energy security needs. A portion of the mission will also be dedicated to labour and immigration recruitment efforts.

    “Vietnam and Singapore are two vitally important markets for Saskatchewan as we continue to build relationships abroad,” Minister Kaeding said. “The ASEAN region is an area where we’ve seen rapid growth, and we want to continue to build on that positive momentum. Strengthening international trade relationships and diversifying our export markets are more important than ever as we look to promote our sustainable food and energy security to the world.”

    The mission will cover many of Saskatchewan’s main sectors, including mining, critical minerals, energy, and agri-value.

    One of the highlights of the mission will be attending the Canada in Asia Conference. The conference brings together key stakeholders and decision makers from across Canada and Asia for discussions and sessions on agri-foods, food security, clean technology, and energy transitions.

    Provincial exports to the ASEAN region totaled $1.5 billion in 2024. Of that, $130.6 million and $10.3 million worth of goods were exported to Vietnam and Singapore respectively.
    Saskatchewan currently operates trade and investment offices in both Vietnam and Singapore. Saskatchewan’s trade offices work with industry partners and support the province’s engagement efforts across the ASEAN region.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.
    For more information visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Security: Defendant Convicted in Bank Fraud Conspiracy Case Receives Sentence in Federal Court

    Source: Office of United States Attorneys

    SHREVEPORT, La. – Acting United States Attorney Alexander C. Van Hook announced that Elijah D. Brown, 24, has been sentenced by United States District Judge S. Maurice Hicks, Jr. for conspiracy to commit bank fraud. Brown was sentenced to 63 months in prison, to run consecutive to a 42-month federal prison sentence he is currently serving for illegal possession of a machine gun, for a total of 105 months (8 years, 9 months) in prison. In addition, Brown was ordered to pay restitution in the amount of $1,254,790.

    In April 2024, a federal grand jury in Shreveport returned an indictment charging 21 defendants in connection with a federal bank fraud case in the Shreveport area. All of those defendants have now entered guilty pleas or entered into pretrial diversion agreements. A summary of the 20 remaining defendants and their status is as follows:

    Defendant Name

    Conviction/Sentence

    Destane Glass, 23,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/27/25

    Sharmaine Jackson, 26,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 6/5/2025

    ZarRajah Z. Watkins, 23,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 4/24/2025

    Arazhia R. Gully, 24,

    Bossier City, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 2/20/2025

    Eric D. Loud, 24,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/20/2025

    Maya L. Green, 24,

    Bossier City, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/27/2025

    Olivia M. Deboe, 23,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentenced to 3 years supervised probation and ordered to pay $34,261.81 in restitution

    Donte N. Larrimore, 24,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentenced to 3 years supervised probation

    Shamaya S. Pouncy, 27,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentenced to 9 months in prison and ordered to pay restitution in the amount of $9,317.50

    Precious Wilbert, 25,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentenced to 3 years of supervised probation

    Cynthia R. Bryant, 22,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 4/10/2025

    Trameka McGinty, 25,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/27/2025

    Shaquentalas B. McGinty,

    26, Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 6/5/25

    Javonte J. Lejay, 28,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/27/2025

    Octavia L. Mitchell, 33,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/20/2025

    Shmarrian J. Taylor, 27,

    Shreveport, LA
    • Pleaded guilty to conspiracy to commit bank fraud
    • Sentencing set for 3/27/2025

    Rakeydra S. Shepherd, 28,

    Shreveport, LA
    • Pleaded guilty to possession of a counterfeit security
    • Sentencing set for 2/20/2025

    Tina Marie Bryant, 43,

    Shreveport, LA
    • Entered into Pretrial Diversion Agreement

    Lakysa S. Barfield, 26,

    Shreveport, LA
    • Entered into Pretrial Diversion Agreement

    Kyra D. Washington-Bates,

    24, Shreveport, LA
    • Entered into Pretrial Diversion Agreement

    This scheme to defraud began in January 2021 and continued through October 31, 2022. The defendants admitted to their involvement in the conspiracy to defraud banks including USAA Savings Bank (“USAA Bank”), Navy Federal Credit Union, JP Morgan Chase Bank, Barksdale Federal Credit Union and Bank of America. 

    Arazhiah Gully, Maya Green and ZarRajah Watkins worked at Teleperformance, a multinational company that provided business services including a call center in Shreveport. The call center provided customer service to USAA Bank. Gully, Green and Watkins all had access to USAA Bank customer information including names of customers, their ages, account balances, and account numbers. These three defendants admitted to conspiring with Destane Glass, Elijah Brown, Sharmaine Jackson, and others to defraud USAA Bank. Gully, Green and Watkins improperly obtained account holder information so that it could be used by others to create counterfeit USAA Bank checks, and they were paid to provide the account information. Counterfeit checks traced to accounts that these defendants accessed totaled over $4 million.

    Glass, Brown and Jackson used social media and other methods to recruit individuals in the Shreveport area with bank accounts to use their accounts to deposit the counterfeit checks to make money. The co-defendants involved in the scheme would open accounts at various financial institutions under their own names and then provide their access cards and login information to other co-defendants. Counterfeit checks were then provided to these co-defendants to be deposited into their own personal bank accounts, and they were instructed to withdraw the funds in various ways, including making withdrawals at local casinos, through ATMs, Apple Cash payments, and PayPal payments. After withdrawing the money, the defendants would meet Glass, Brown, Jackson and other co-defendants in various places, including casino parking lots, and give the funds to them, with a portion of the proceeds going to the one who made the withdrawal. Activity in the casinos were captured by the surveillance cameras at those locations which helped solve the case. The counterfeit checks that were deposited were in varying amounts ranging from $5,000 to $40,000. 

    “The defendants involved in this conspiracy shamelessly targeted vulnerable elderly victims, stealing their personal identifying and bank account information and using it to take advantage of them,” said Acting U.S. Attorney Alexander C. Van Hook. “We urge everyone to make a habit of checking your bank accounts regularly to avoid becoming a victim of this type of fraud. If you see suspicious transactions, report it to your bank immediately.”

    This case was investigated by the United States Secret Service, Federal Bureau of Investigation, Louisiana State Police and Shreveport Police Department and was prosecuted by Acting United States Attorney Alexander C. Van Hook.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: El Salvadoran National Pleads Guilty to Illegal Reentry

    Source: Office of United States Attorneys

    BOSTON – An El Salvadoran national living in Methuen, Mass. pleaded guilty yesterday in federal court in Boston to illegal reentry.

    Agustin Landaverde-Romero, 57, pleaded guilty to unlawful reentry of a deported alien. U.S.  District Court Judge Richard G. Stearns scheduled sentencing for May 21, 2025. Landaverde-Romero was indicted by a federal grand jury in March 2024.

    On or about July 13, 2020, Landaverde-Romero was found in the United States without having received express consent of the Attorney General and the Secretary of the Department of Homeland Security. Landaverde-Romero was previously removed to El Salvador on Oct. 7, 1999.  

    The charge of illegal reentry provides for sentence of up to two years in prison, one year of supervised release and a $250,000 fine. The defendant is subject to deportation proceedings upon completion of an imposed sentence. Sentences are imposed by a federal district court judge based on the United States Sentencing Guidelines and other statutory factors.  

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England; and Methuen Police Chief Scott J. McNamara made the announcement. Assistant U.S. Attorney Suzanne Sullivan Jacobus of the Major Crimes Unit is prosecuting the case. 
     

    MIL Security OSI –

  • MIL-OSI: Goldmoney Inc. Reports Results for the Quarter Ended December 31, 2024; Announces Restatement of 2024 audited comparative Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    TORTOLA, British Virgin Islands, Feb. 14, 2025 (GLOBE NEWSWIRE) — Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”) today announced financial results for the fiscal 2025 third quarter period ended December 31, 2024. All amounts are expressed in Canadian dollars unless otherwise noted.

    Financial statements are available online at Sedar+ www.sedarplus.ca.

    Financial Highlights

    • Group Tangible Capital of $138.8 million, an increase of 2.6% QoQ
    • Group Tangible Capital per Share of $10.40, an increase of 1.4% QoQ
    • Group Tangible Capital per Share excluding MENE of $9.45 per share, an increase of 1.6% QoQ
    • Adjusted Net Income of $3.9 million, a decrease of 11.2% QoQ

    Quarterly Performance Metrics Table

      Q3 Q2   Q1   Q4   Q3   Q2 Q1   Q4  
    Key Performance Metrics (Balance Sheet)      
    Shares outstanding 13,348 13,182   13,060   13,137   13,449   13,777 13,926   13,996  
    Shareholder equity 152,487 149,026   147,984   141,178   173,761   172,602 173,224   172,123  
    Tangible equity inclusive of MENE 138,832 135,299   133,780   126,100   147,078   143,019 143,475   142,203  
    Tangible equity exclusive of MENE 126,164 122,631   113,217   105,457   113,059   108,396 108,756   107,599  
    Tangible equity per share ($CAD) 10.40 10.26   10.24   9.60   10.94   10.38 10.30   10.16  
    Tangible equity per share exclusive of MENE 9.45 9.30   8.67   8.03   8.41   7.87 7.81   7.69  
    Key Performance Metrics (Operational)      
    Net income (loss) 2,891 (3,896 ) 5,132   (32,095 ) 6,005   2,009 1,995   (4,050 )
    Total comprehensive income (loss) 2,628 792   6,077   (30,640 ) 7,391   627 1,651   (4,053 )
    Adjustments for revaluations, FX, stock
    compensation, and non-cash items    		 1,246 3,569   550   34,857   (1,350 ) 2,310 1,903   7,020  
    Non-IFRS adjusted net income 3,874 4,361   6,627   4,217   6,040   2,937 3,554   2,966  
    Key Performance Metrics (Earnings per Share)      
    Basic earnings (loss) per share 0.22 (0.29 ) 0.39   (2.42 ) 0.44   0.15 0.14   (0.27 )
    Diluted earnings (loss) per share 0.22 (0.29 ) 0.38   (2.42 ) 0.44   0.14 0.14   (0.27 )
    Non-IFRS adjusted net income per share 0.29 0.33   0.51   0.32   0.45   0.21 0.26   0.21  
                                 

    Financial Statement Restatement

    Goldmoney also announces the restatement of previously issued financial statements for the years ended March 31, 2024 and 2023 (the “Restatement”).

    Since the Company’s wholly owned subsidiary Goldmoney.com was founded, client cash and client precious metals had been treated as an off-balance sheet item and clearly disclosed as such in the Notes to the Company’s audited annual financial statements. The Restatement recognizes and presents client cash within Goldmoney.com on the Company’s consolidated balance sheet with a corresponding liability. This has been presented in prior years as a line item separate from the Company’s cash and cash equivalents. Consequently, the March 31, 2024, audited consolidated financial statements have been restated to capture this change in presentation, along with the related management’s discussion and analysis, and the 2024 Annual Information Form (collectively, the “Restatement Package”). This restated accounting presentation for client cash has also been reflected in the Company’s December 31, 2024, unaudited interim financial statements. There has been no impact to the Company’s financial statement presentation of historic equity or earnings as a result of this restatement.

    The Restatement has been approved by the Board of Directors on the recommendation of the Audit Committee and management in connection with a review of its historic accounting treatment of client cash as off-balance sheet assets. Management considers these restatements to result from a material weakness in internal controls over financial reporting, and accordingly has implemented measures to address this weakness. As described in the restated annual information form and other public disclosure, Goldmoney Inc.’s wholly owned subsidiary Goldmoney.com operates an online platform which provides clients with access to purchase and sell precious metals, and to arrange for custody and storage in accordance with the terms of a standard-form client agreement available on the Goldmoney website (the “Client Agreement”). Cash balances used to settle purchases and sales are held in Company bank accounts.

    Shareholders and users of Goldmoney’s financial statements should note that the Restatement is not a result of any change to its operations, business or financial operating performance for the restated periods. The Company continues to hold customer cash on behalf of its clients in accordance with and in full compliance with all of the terms of the Client Agreement.

    The Restatement Documents have been filed at Sedar+ www.sedarplus.ca with the unaudited interim financial statements for the three- and nine-month period ended December 31, 2024, with restated unaudited comparative interim financial statements the three- and nine-month period ended December 31, 2023.

    The effect of the restatement on the condensed consolidated interim statement of financial position and condensed consolidated interim statements of cash flows for the periods ended June 30, 2024 and September 30, 2024 are as follows:

                 
    Effect on Condensed Consolidated Interim Statements of Financial Position        
                 
    As at June 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Client cash   –     61,472,682   61,472,682  
    Total assets   193,484,934     61,472,682   254,957,616  
                 
    Client liabilities   –     61,472,682   61,472,682  
    Total liabilities   45,500,586     61,472,682   106,973,268  
    Total liabilities and shareholders’ equity   193,484,934     61,472,682   254,957,616  
                 
    As at September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Client cash   –     67,446,073   67,446,073  
    Total assets   195,538,391     67,446,073   262,984,464  
                 
    Client liabilities   –     67,446,073   67,446,073  
    Total liabilities   46,512,066     67,446,073   113,958,139  
    Total liabilities and shareholders’ equity   195,538,391     67,446,073   262,984,464  
                 
    Effect on Condensed Consolidated Interim Statements of Cash Flows        
                 
                 
    For the three month period ended June 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   7,683,278     2,859,508   10,542,786  
    Net cash used in investing activities   (6,963,178 )   –   (6,963,178 )
    Net cash used in financing activities   (1,328,262 )   –   (1,328,262 )
    Decrease in cash and cash equivalents and client cash   (608,162 )   2,859,508   2,251,346  
                 
    For the three month period ended September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   4,726,457     5,973,391   10,699,848  
    Net cash used in investing activities   (6,793,363 )   –   (6,793,363 )
    Net cash used in financing activities   (1,640,059 )   –   (1,640,059 )
    Decrease in cash and cash equivalents and client cash   (3,706,965 )   5,973,391   2,266,426  
                     
    For the six month period ended September 30, 2024   Previously
    Reported
    ($)    		   Adjustment
    ($)    		   Restated
    ($)
                 
    Net cash provided by operating activities   12,409,735     8,832,899   21,242,634  
    Net cash used in investing activities   (13,756,541 )   –   (13,756,541 )
    Net cash used in financing activities   (2,968,321 )   –   (2,968,321 )
    Decrease in cash and cash equivalents and client cash   (4,315,127 )   8,832,899   4,517,772  
                 

    About Goldmoney Inc.

    Founded in 2001, Goldmoney (TSX:XAU) is a TSX listed company invested in the real economy. The leading custodians and traders of precious metals, Goldmoney Inc. also owns and operates businesses in jewelry manufacturing and property investment. For more information about Goldmoney, visit goldmoney.com.

    Financial Information and IFRS Standards

    The selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company’s amended and restated consolidated financial statements for the fiscal year ended March 31, 2024 and prepared in accordance with IFRS Accounting Standards (“IFRS”) and the corresponding restated management’s discussion and analysis (“MD&A”), which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Non-IFRS Measures

    This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company’s performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company’s operating results.

    Tangible Capital is a non-IFRS measure. This figure excludes from total shareholder equity (i) intangibles, and (ii) goodwill, and is useful to demonstrate the tangible capital employed by the business.

    Non-IFRS Adjusted Net Income is a non-IFRS measure, defined as total comprehensive income (loss) adjusted for non-cash and non-core items which include, but is not limited to, revaluation of precious metal inventories, fair value movements, stock-based compensation, depreciation and amortization, foreign exchange fluctuations and gains and losses on investments.

    For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled “Reconciliation of Non-IFRS Financial Measures” in the Company’s MD&A for the year ended March 31, 2024.

    Media and Investor Relations inquiries:

    Sean Ty
    Chief Financial Officer
    Goldmoney Inc.
    +1 647 250 7098

    Forward-Looking Statements

    This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “may”, “potential” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

    Forward-looking information in this release includes, but is not limited to, statements with respect to: financial performance and growth of the Company’s business; expected results of operations, the market for the Company’s products and services and competitive conditions; the establishment of a real estate investment strategy and the success of the Company’s real estate portfolio; the expected value and return on investment in the Company’s real estate acquisitions, and the properties described herein (the “Properties”) in particular, the ability of the current tenants on the Properties to meet their rental obligations, the future state of the Properties and the environment surrounding it, the ability of the Company to maintain and service the indebtedness incurred to acquire the properties, including any future refinancings, the ability of the Company to redevelop the properties as anticipated and, in general, return value from the Properties to shareholders; and the basis for the Restatement. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company’s operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; the global inflationary environment and its effect on real estate prices, interest rates, and the Properties in particular; the ability of the Company to integrate the Properties into its current operations; the anticipated value and income growth in connection with the Properties; the ability to maintain current and procure future commercial tenants for the Properties; the surrounding environment and infrastructure of the Properties remaining suitable; the ability to redevelop the Properties on terms which are economic or at all; the anticipated variable interest rate for the loan used to finance the acquisition of the Properties, and the effect on this interest rate from the SONIA as set by the Bank of England; the ability to successfully develop and manage the Company’s real estate portfolio; the risks of concentration of the Company’s real estate portfolio in the United Kingdom; effectiveness of the Company’s risk management and internal controls; use of the Company’s services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; the potential that additional restatements of the financial statements will be required; the impact on the Company’s reputation and customer relation in respect of the Restatement; risks associated with regulatory reviews and investigations; risks that the Restatement or any future required restatement may negatively affect the Company’s financial condition or result in additional liabilities; the potential impact on investor confidence, market perception, and the Company’s reputation in respect of the Restatement; risks related to maintaining adequate liquidity and access to capital while resolving restatement matters; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.

    The MIL Network –

  • MIL-OSI: Hashdex Announces Launch of Hashdex Nasdaq Crypto Index US ETF (Ticker: NCIQ), Offering US Investors Exposure to Bitcoin and Ether Through a Single Product

    Source: GlobeNewswire (MIL-OSI)

    Product structured to provide crypto asset exposure by tracking the Nasdaq Crypto US™ Index (NCIUS™), a benchmark for institutional investment in certain market-leading crypto assets

    Hashdex and Nasdaq Global Indexes continue to be at the forefront of crypto index product innovation, offering investors and wealth managers access to the first multi-asset spot crypto ETP in the United States

    New York, February 14, 2025 – Hashdex Asset Management Ltd. (“Hashdex”), a leading global crypto-focused asset manager, and Nasdaq Global Indexes, which has been creating innovative, transparent indexes for more than 50 years, today announced the launch of the Hashdex Nasdaq Crypto Index US ETF (the “Product” or “NCIQ”) [Ticker: NCIQ], the first multi-asset spot crypto exchange traded product (“ETP”) available to U.S. investors. The Product, which is now trading on the Nasdaq Stock Market® under ticker NCIQ, currently offers exposure to both spot bitcoin (“BTC”) and ether (“ETH”). NCIQ’s management fee is contractually set at 0.25% per annum of the daily net asset value (“NAV”) of the Product through the end of 2025, and then 0.50% thereafter.

    The Hashdex Nasdaq Crypto Index US ETF provides U.S. investors with direct access to the two leading crypto assets by trading volume in the U.S., currently with a combined market capitalization of over $2.3 trillion,1 all through one tradeable product. NCIQ tracks the Nasdaq Crypto US™ Index (“NCIUS”), which was co-developed by Nasdaq Global Indexes and Hashdex to measure the performance of a material portion of the overall crypto asset market by investing in the index constituents. The NCIUS is based on strict criteria like liquidity, market capitalization, and regulatory compliance. Currently, only bitcoin and ether are eligible for inclusion in the NCIUS. The launch of NCIQ builds on Hashdex’s track record of innovation and global market leadership in crypto index-based products, with the firm currently managing the largest multi-asset crypto ETP in Europe2 and the largest ETF in Latin America.3

    “Since our founding, Hashdex has held the belief that a basket of crypto assets offers multiple benefits and is a great way for many investors to participate in the crypto ecosystem. Until today, U.S. investors have been forced to either purchase coins directly or invest in single-asset vehicles,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex. “Now, with the launch of NCIQ, we are proud to deliver a familiar and readily tradeable U.S.-based product that provides seamless exposure to bitcoin and ether. Alongside our partners at Nasdaq Global Indexes, we are thrilled to take this exciting step in bringing our expertise in crypto index and crypto index-based products to U.S. investors, and we look forward to continuing to deliver innovative crypto index products as the industry and regulatory landscape further evolves.”

    The launch of NCIQ marks an important milestone in the U.S. crypto market and continues the long-term partnership between Hashdex and Nasdaq Global Indexes. Hashdex and Nasdaq Global Indexes have been among the pioneers in developing crypto index and index-based products since 2021.

    “Nasdaq Global Indexes and Hashdex share a mission of advancing crypto asset indexes and financial vehicles to meet the ever-growing demand from investors looking for access to the rapidly evolving crypto sector,” said Cameron Lilja, Vice President and Global Head of Index Product and Operations, Nasdaq Global Indexes. “Nasdaq Crypto™ Indexes offer a standardized approach to capturing the performance of a material portion of the overall crypto asset market, serving as a guidepost in the dynamic crypto asset landscape. Today’s announcement marks a significant step forward in bringing a rules-based methodology-driven benchmark to US investors, adding to comparable products in Europe and Latin America.”

    Hashdex serves as the sponsor for NCIQ. Paralel Distributors LLC serves as marketing agent, and Coinbase Custody and BitGo Trust serve as crypto asset custodians. Nasdaq serves as the index administrator and listing venue. The fund administrator is U.S. Bank Global Fund Services.

    “With interest in crypto asset ETFs continuing to grow, reaching over $120 billion in U.S. AUM alone4, we believe that what investors really need is an easy, passive way to invest in a product that is constantly evolving to capture the latest trends in the broader crypto market. With a structure similar to traditional index products, NCIQ offers investors a multi-asset investment approach that is proven, familiar, and readily tradeable,” said Samir Kerbage, CIO at Hashdex. “As the crypto market continues to develop, we expect there to be ongoing volatility with newer coins that disrupt the market share of bitcoin, ether and other dominant assets, and we expect index-based products will enable wealth managers and investors to benefit from the growth of the rapidly changing sector without needing to be actively managing single asset crypto exposure.”

    Hashdex has no role in maintaining, calculating or publishing NCIUS.

    A registration statement (including a prospectus) has been filed with the SEC for the offering to which this communication relates and can be found here: https://www.sec.gov/Archives/edgar/data/2031069/000121390025013738/ea0209567-10.htm. Before you invest, you should read the prospectus in that registration statement and other documents that have been filed with the SEC for more complete information about NCIQ and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Hashdex will arrange to send you the prospectus, if you request it by calling toll-free 917-525-5635.

    About Hashdex
    Hashdex is a global pioneer in crypto asset management. The firm’s mission is to provide educational resources and best-in-class products that advance its efforts to help open the crypto ecosystem to investors around the world. Hashdex co-developed the Nasdaq Crypto™ Index (NCI™) with Nasdaq to provide global investors with a reliable benchmark for the crypto asset class. In 2021, Hashdex introduced the world’s first crypto ETF5 and other innovative products, enabling over 350,000 investors to simply and securely add crypto to their portfolios. Since 2018, Hashdex has established itself as a global leader in crypto index ETFs, helping to pave the way for crypto’s mainstream adoption across eight countries. Hashdex currently offers 4 index products tracking the global version of the NCI™, including the largest multi-asset crypto ETF in the world.6 Additionally, the Hashdex Nasdaq Crypto Index Europe ETP (“HASH”) is the largest multi-asset crypto ETP in Europe and recently won ETF Stream’s Digital Asset ETP of the year award.7 The firm’s total AUM across its range of products is more than $1.3 billion.8

    Hashdex Media Contacts:
    Kendal Till/Josh Gerth
    Dukas Linden Public Relations
    Hashdex@DLPR.com

    Legal Disclaimer

    Carefully consider the investment objectives, risks, charges and expenses before investing.

    Investing involves risk, including possible loss of principal. The Product, an exchange traded product, is not an investment company registered under the Investment Company Act of 1940 (“1940 Act”). Shares of the Product are not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds.

    Shares of the Product are bought and sold at a market price, not at net asset value. Brokerage commissions will reduce returns.

    This material expresses the opinion of Hashdex Group and its subsidiaries and affiliates (“Hashdex”) for informational purposes only and does not consider the investment objectives, financial situation or individual needs of any one investor or a particular group of investors. Certain opinions and viewpoints expressed may reflect personal views of the authors and not necessarily those of Hashdex. We recommend consulting specialized professionals for investment decisions. Investors are advised to carefully read the prospectus or regulations before investing in their products. The information and conclusions contained in this material may be changed at any time, without prior notice. Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or service. This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Hashdex to any registration or licensing requirements within such jurisdiction.

    Important Risks

    Investment in any investment vehicle and cryptoassets is highly speculative and is not intended as a complete investment program. It is designed only for sophisticated persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. There can be no assurance that the investment vehicle will achieve its investment objective or return any capital. No guarantee or representation is made that Hashdex’s investment strategy, including, without limitation, its business and investment objectives, diversification strategies or risk monitoring goals, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that the Hashdex investment methodology or that investing in any of the Product or crypto assets referenced herein may be considered “conservative,” “safe,” “risk free,” or “risk averse.”

    Certain information contained herein (including financial information) has been obtained from published and non-published sources. Such information has not been independently verified by Hashdex. Hashdex does not provide tax, accounting or legal advice. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” “believe” and “seek” (or the negatives thereof) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Hashdex and its investment vehicles or the actual performance of Hashdex, its investment vehicles, or crypto assets may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward- looking statements in making their investment decisions. No governmental authority has opined on the merits of Hashdex’s investment vehicles or the adequacy of the information contained herein.

    This material is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America.

    Product Risks

    An investment in the Product involves significant risks and you could incur a partial or total loss of your investment in the Product.

    Crypto assets generally are volatile, and instruments whose underlying investments include crypto assets are not suitable for all investors. Crypto assets represent a new and rapidly evolving industry. The value of the Product depends on the acceptance of the crypto assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the crypto assets. Crypto platforms may be largely unregulated or may be largely or entirely non-compliant with applicable regulation and may therefore be more exposed to fraud and failure. Crypto asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the Product.

    The market for crypto assets is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Product’s NAV and its market price. The lack of active trading markets for the Product shares may result in losses on investors’ investments at the time of disposition of the Product’s shares.

    Both the Index and the Product are new with a limited operating history.

    Nasdaq® is a registered trademark of Nasdaq, Inc. Corporations make no representation or warranty, whether express or implied, to the owners of the fund(s) or any member of the public regarding the suitability of investing in securities in general or in the fund(s) in particular, or the ability of the Nasdaq Crypto US Index to track the performance of the market for crypto assets, or any portion thereof. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any digital asset or any representation about the financial condition of a digital asset. Statements regarding Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate assets before investing. ADVICE FROM A FINANCIAL PROFESSIONAL IS STRONGLY ADVISED.

    1 Bitcoin’s market cap was $1.92T and ether’s market cap was $387B, according to Messari.io data as of January 13, 2025
    2 The Hashdex Nasdaq Crypto Index Europe ETP (HASH) is the largest multi-asset crypto ETP in Europe according to Bloomberg fund asset data for the “Western Europe” region as of January 7, 2025
    3 The Hashdex Nasdaq Crypto Index Fundo de Indice (HASH11) is the largest multi-asset crypto ETF in Latin America according to Bloomberg fund asset data for the “Central & South America” region as of January 7, 2025
    4 Blockworks.co data on Bitcoin and Ethereum ETFs in the U.S. as of February 10, 2025.
    5 The Hashdex Nasdaq Crypto Index ETF began trading on the Bermuda Stock Exchange on February 9, 2021.
    6 The Hashdex Nasdaq Crypto Index Fundo de Indice (HASH11) is the largest multi-asset crypto ETF in the world according to Bloomberg fund asset data for all regions as of January 7, 2025
    7 https://www.etfstream.com/articles/etf-stream-reveals-winners-of-etf-awards-2024
    8 Hashdex AUM data as of February 10, 2025, https://hashdex.com/en-US

    The MIL Network –

  • MIL-OSI: BexBack Crypto Trading: 100x Leverage, Double Deposit Bonus, $50 Bonus and No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin hovers around the $100,000 mark, many analysts predict that the market is entering a high-volatility phase. To help traders capitalize on these dynamic market conditions, BexBack Exchange has rolled out an unbeatable offer, featuring 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users. What sets BexBack apart is its no KYC policy, ensuring seamless, private, and efficient trading for users globally.

    Key Features of BexBack:

    1. 100x Leverage on Crypto Futures With 100x leverage, BexBack allows traders to control larger positions with a smaller initial investment. For example, if the price of Bitcoin (BTC) is $100,000 and you open a position with 1 BTC, your position becomes equivalent to $100,000. With 100x leverage, this is equivalent to controlling $10,000,000 worth of Bitcoin, giving you the ability to maximize your profits.
    2. No KYC Required BexBack stands out by offering a no KYC (Know Your Customer) approach, allowing users to start trading instantly, without having to submit personal identification documents. This policy ensures that users can begin their trading journey quickly and securely.
    3. 100% Deposit Bonus for New Users To help new users maximize their trading potential, BexBack offers a 100% deposit bonus. This means that when you deposit, for example, 1 BTC, BexBack will match it with an additional 1 BTC, giving you double the funds for trading.
    4. $50 Welcome Bonus New users can also enjoy a $50 welcome bonus, available after completing their first trade. This bonus can be used for trading, and any profits gained from it are fully withdrawable.
    5. Comprehensive Trading Options BexBack offers a variety of cryptocurrencies for trading, including BTC, ETH, XRP, ADA, and SOL, among others. The platform offers 100x leverage on all these futures contracts, allowing traders to optimize their strategies and trading opportunities.

    Why Choose BexBack?

    • No KYC: Start trading immediately with no complex identity verification.
    • 100% Deposit Bonus: Double your funds and maximize your profits.
    • 100x Leverage: Increase your trading efficiency with up to 100x leverage.
    • Demo Account: Receive a 10 BTC demo account, ideal for practice without real funds.
    • Fast and Secure Trading: No slippage, no spread, and quick, precise order execution.
    • 24/7 Support: Access customer support at any time to resolve any issues or queries.
    • Global Access: Available to users from the United States, Canada, and Europe.

    About BexBack:

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore, with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. BexBack holds a US MSB (Money Services Business) license and is trusted by over 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, providing an inclusive and user-friendly experience for traders globally.

    Take Action Now—Maximize Your Trading Potential with BexBack!

    Whether you are new to cryptocurrency or an experienced trader, BexBack offers 100x leverage, 100% deposit bonus, and $50 welcome bonus—all with no KYC—ensuring you have the tools needed for success in the dynamic crypto market.

    Sign up now at www.bexback.com, claim your exclusive bonuses, and start trading today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f24f4f46-0ae9-427c-8dbb-638de34b5c08

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/913fa9e2-18bf-474f-b2fc-06ccbc6a9f6d

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87841659-4d30-439c-8019-04c351853f8f

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd39b9f6-0b0f-4532-82dd-6c0c700f413e

    The MIL Network –

  • MIL-OSI USA: Readout of PTDO Under Secretary of Defense for Policy Alex Velez-Green’s Meeting With Bahrain National Security Advisor Sheikh Nasser bin Hamad Al Khalifa

    Source: United States Department of Defense

    LtCol Garron Garn, USMC, provided the following readout:

    (Performing The Duties Of) Under Secretary of Defense for Policy, Mr. Alex Velez-Green, met with Bahrain National Security Advisor Sheikh Nasser bin Hamad Al Khalifa at the Pentagon yesterday to review U.S.-Bahrain defense cooperation and exchange views on regional security issues. Mr. Velez-Green expressed appreciation for Bahrain’s support to U.S.-led regional operations as host of USNAVCENT, and the broader security partnership in light of Bahrain’s role as a major non-NATO Ally. He urged continued cooperation against shared threats in support of President Trump’s regional agenda for peace and prosperity.

    MIL OSI USA News –

  • MIL-OSI USA: N.M. Delegation Demands Trump Stop Unlawful Mass Firings of Probationary Federal Employees

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    Heinrich, Luján, Leger Fernández, Stansbury, Vasquez: “Large-scale firings of probationary employees would ripple through our communities, reducing consumer spending, straining local businesses, and creating unnecessary economic instability”
    “Federal agencies must be staffed by qualified professionals, not political loyalists”
    Washington, D.C. — U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-N.M.), and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.), and Gabe Vasquez (D-N.M.) are demanding that President Trump immediately halt his unlawful mass firings of federal employees on probationary status.
    Nearly all federal employees are routinely in a probationary period for the first one or two years of service and more than 200,000 of them are on probationary status across the federal government. In New Mexico, there are approximately 2,200 federal employees in their probationary period – including individuals who serve in critical roles across key agencies, including the Veterans Health Administration, the Bureau of Land Management, the U.S. Forest Service, and the Federal Bureau of Investigation, among others. 
    “Abruptly terminating these employees without due process would not only undermine the delivery of essential government services but would also have widespread economic consequences for our state. Federal employment is a major contributor to New Mexico’s economy, supporting thousands of families and generating significant local revenue. Large-scale firings of probationary employees would ripple through our communities, reducing consumer spending, straining local businesses, and creating unnecessary economic instability,” the lawmakers wrote in their letter to President Trump.
    The delegation emphasized how these firings could endanger the safety of New Mexicans, “Recent reports highlight the Federal Bureau of Investigation’s extensive training and reliance on probationary employees, with new agents and support staff actively investigating crimes nationwide. Dismissing these employees could have dire consequences on national security and public safety. Such firings are sure to weaken national security by removing personnel involved in critical investigations. The loss of these agents would leave vital work unfinished and could compromise public safety both in the present and for years to come.”
    Additionally, the delegation highlighted that probationary employees are subject to established federal workforce protections, underscoring the unlawfulness of terminating employees for reasons other than performance or conduct issues, “Concerns have already been raised about the legality of these terminations, noting that mass layoffs without individualized assessments violate existing federal workforce statutes. Federal law permits the termination of probationary employees based on performance or conduct. It does not allow for large-scale firings without individualized assessments or adherence to Reduction in Force procedures. Additionally, it explicitly prohibits dismissing probationary employees for partisan political reasons. Federal agencies must be staffed by qualified professionals, not political loyalists.”
    The lawmakers demanded, “We urge your Administration to halt any plans for mass firings of probationary employees in New Mexico and across the country.”
    The text of the letter is here and below:
    Dear President Trump,
    We write to express serious concerns about your Administration’s efforts to target federal employees, particularly those on probationary status.  Probationary employees are subject to established federal workforce protections, including adherence to Reduction in Force (RIF) procedures (5 C.F.R. § 351.201(a)(1)).  Any attempt to circumvent legal protections by imposing mass terminations would be unprecedented, disruptive, and illegal.
    Nationally, there are more than 2.4 million federal workers. Nearly all federal employees are routinely in a probationary period for the first one or two years of service and more than 200,000 of them are on probationary status across the federal government.  In New Mexico, there are approximately 2,200 federal employees in their probationary period – including individuals who serve in critical roles across key agencies, including the Veterans Health Administration, the Bureau of Land Management, the U.S. Forest Service, and the Federal Bureau of Investigation, among others.
    Abruptly terminating these employees without due process would not only undermine the delivery of essential government services but would also have widespread economic consequences for our state. Federal employment is a major contributor to New Mexico’s economy, supporting thousands of families and generating significant local revenue. Large-scale firings of probationary employees would ripple through our communities, reducing consumer spending, straining local businesses, and creating unnecessary economic instability.
    Immediately terminating probationary employees also risks long-term harm to the federal workforce. Many of these probationary employees represent the next generation of skilled public servants – 27% are under the age of 30 – and they report the highest levels of job engagement across the federal workforce. Signaling that federal employment is unstable and subject to arbitrary dismissal will undermine recruitment and retention efforts, making it harder for agencies to attract and keep the skilled professionals essential to their missions (5 C.F.R. § 351.501).
    Concerns have already been raised about the legality of these terminations, noting that mass layoffs without individualized assessments violate existing federal workforce statutes. Federal law permits the termination of probationary employees based on performance or conduct. It does not allow for large-scale firings without individualized assessments or adherence to Reduction in Force procedures.  Additionally, it explicitly prohibits dismissing probationary employees for partisan political reasons. Federal agencies must be staffed by qualified professionals, not political loyalists.
    Particularly concerning are the potential implications for public safety. Recent reports highlight the Federal Bureau of Investigation’s extensive training and reliance on probationary employees, with new agents and support staff actively investigating crimes nationwide. Dismissing these employees could have dire consequences on national security and public safety. Such firings are sure to weaken national security by removing personnel involved in critical investigations. The loss of these agents would leave vital work unfinished and could compromise public safety both in the present and for years to come.
    Given all of the above, we urge your Administration to halt any plans for mass firings of probationary employees in New Mexico and across the country.

    MIL OSI USA News –

  • MIL-OSI USA: ICE removes Paisas gang member wanted for homicide who illegally entered US 10 times

    Source: US Immigration and Customs Enforcement

    HOUSTON — U.S. Immigration and Customs Enforcement removed Humberto Romero Avila, a 45-year-old Paisas gang member and foreign fugitive, to Mexico Feb. 13. Romero has illegally entered the U.S. 10 times and is wanted in Mexico for allegedly murdering Geovany Uriel Prado Morales, a 22-year-old Mexican national, Dec. 2, 2007, in Celaya, Guanajuato, Mexico.

    ICE transported Romero from the Montgomery Processing Center in Conroe to the Juarez-Lincoln Bridge in Laredo where he was transferred into the custody of Mexican authorities.

    Romero has been convicted four times of driving while intoxicated and once for larceny, illegal entry, and illegal reentry while in the U.S. illegally.

    “For nearly a quarter of a century, this transnational gang member has blatantly disregarded our nation’s immigration and criminal laws, putting the life of every person he’s encountered in danger,” said ICE Enforcement and Removal Operations Houston Field Office Director Bret Bradford. “On top of that, he’s accused of brutally gunning down an innocent 22-year-old man in Mexico in 2007. In the more than 30 years that I’ve worked in immigration enforcement, I’m not sure I’ve ever come across a more egregious offender or a better example of why immigration enforcement is so critical to maintaining public safety. Thanks to the immigration officers who worked closely with the U.S. Embassy in Mexico to connect this foreign fugitive to the open warrant for homicide, he will no longer be free to reign terror on the general public, and finally face justice for his alleged involvement in that heinous crime that took place 18 years ago.”

    Romero illegally entered the U.S. March 22, 2002; June 14, 2002; June 16, 2002; June 20, 2002; and March 3, 2005. On each occasion, he was immediately apprehended by the U.S. Border Patrol and voluntarily returned to Mexico the same day.

    Romero illegally entered the U.S. for a sixth time on an unknown date and at an unknown location and was not encountered until Aug. 3, 2012, at the Nacogdoches County Jail in Nacogdoches following his arrest for driving under the influence. ICE lodged an immigration detainer with the jail, and he was released into ICE custody Aug. 9, 2012, and placed into immigration proceedings. An immigration judge with the Justice Department’s Executive Office for Immigration Review ordered Romero removed from the U.S. to Mexico Aug. 24, 2012. ICE officers carried out that order and removed Romero to Mexico Aug. 27, 2012.

    Romero illegally entered the U.S. for a seventh time on an unknown date and at an unknown location and was encountered Aug. 31, 2013, at the Shelby County Jail in Center following his arrest for larceny and DWI (third offense). ICE lodged an immigration detainer with the jail, and he was transferred into ICE custody Jan. 14, 2014. ICE reinstated his prior order of removal, and he was removed to Mexico Jan. 16, 2014.

    Romero illegally entered the U.S. for an eighth time Feb. 7, 2014, and was immediately apprehended by the Border Patrol. His prior order of removal was reinstated and the Border Patrol removed Romero to Mexico Feb. 11, 2014.

    Romero illegally entered the U.S. for a ninth time March 7, 2014, and he was immediately apprehended by the Border Patrol. His prior order of removal was reinstated, and the Border Patrol forwarded his case for prosecution for illegal entry. Romero was convicted of illegal entry March 10, 2014, in the U.S. District Court for the Southern District of Texas and sentenced to 150 days incarceration. The U.S. Bureau of Prisons transferred Romero into ICE custody Aug. 1, 2014, following his release from prison and he was removed to Mexico that same day.

    Romero illegally entered the U.S. for a 10th time on an unknown date and at an unknown location and wasn’t encountered again until March 22, 2024, following his arrest for felony DWI (fourth offense) in Shelby County. ICE lodged an immigration detainer with the jail and forwarded his case for prosecution for illegal reentry. While conducting routine background checks, ICE was notified by the U.S. Embassy in Mexico, that Romero was wanted for homicide in Mexico. Romero was convicted of illegal reentry Jan. 28, in the U.S. District Court for the Eastern District of Texas and was sentenced to time served. The Bureau of Prisons transferred Romero into ICE custody Jan. 31 and his prior order of removal was reinstated.

    Members of the public who have information about foreign fugitives, transnational gang members or other criminal aliens who are in the U.S. illegally are urged to contact ICE by calling the ICE Tip Line at 1 (866) 347-2423 or internationally at 001-1802-872-6199. They can also file a tip online by completing ICE’s online tip form.

    For more news and information on how ICE carries out its immigration enforcement mission in Southeast Texas follow us on X at @EROHouston.

    MIL OSI USA News –

  • MIL-OSI USA: Gov. Pillen Advocates for Merging Agencies, Improving State’s Water Quantity & Quality

    Source: US State of Nebraska

    . Pillen Advocates for Merging Agencies, Improving State’s Water Quantity & Quality

    LINCOLN, NE – Today, Governor Jim Pillen testified before the Nebraska Legislature’s Natural Resources Committee in favor of LB317 to merge the Department of Natural Resources (DNR) with the Department of Environment and Energy (DEE). Senator Tom Brandt introduced LB317 at the Governor’s request. 

    “Nebraska is at the center of an economic boom with announcements of new hydrogen, advanced biofuels and bio-based products, animal processing plants and data centers looking to locate here. All these industries will require water,” said Gov. Pillen. “Moving forward, we need to double-down on our efforts to protect and enhance this valuable resource. Combining DEE and DNR sets the foundation for water quantity and quality under the same leadership.”

    During his bill introduction, Sen. Brandt also touched on the collaboration between the agencies for water planning, state investments in water infrastructure projects and continued leadership by the state in resource management innovation. 

    “This merger will also reduce costs by eliminating overlapping administrative functions while improving outcomes in personnel management, financial oversight, and IT,” said Sen. Brandt. “Streamlining state permitting for water-related projects will cut red tape and enable quicker, more efficient progress on projects that matter to our communities.” 

    Yesterday, Gov. Pillen announced his appointment of Jesse Bradley to serve as interim director of DEE. Bradley is also the interim director of DNR.  He addressed the overarching benefit of housing DEE and DNR under what would be known as the Department of Water, Energy and Environment. 

    “By combining the agencies’ efforts, the state will improve its focus on challenging long-term water and natural resource management issues such as nitrogen management, water utilization and soil health. The merging of the two departments is expected to allow customers, who currently work with both DNR and DEE separately, the ability to streamline their planning and permitting efforts by working with a single department.”

    Also testifying in favor of LB317 was Tim McCoy, director of the Game & Parks Commission. 

    MIL OSI USA News –