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Category: Australia

  • MIL-OSI Australia: High Commissioner to the Republic of Fiji

    Source: Australian Government – Minister of Foreign Affairs

    Today I announce the appointment of Mr Peter Roberts OAM as Australia’s next High Commissioner to the Republic of Fiji.

    Australia and Fiji share a deep relationship based on mutual trust and respect, guided by the Fiji-Australia Vuvale Partnership, and a common interest in a peaceful, prosperous, and resilient region.

    We have shared priorities and values: strengthening our economies; acting on climate change and protecting the environment; deepening connections between our people; and enhancing our defence and security cooperation.

    Mr Roberts is a senior career officer with the Department of Foreign Affairs and Trade and is currently Deputy Head of Mission, Australian Embassy, Tokyo.

    He has previously served overseas as Australia’s Ambassador to Timor-Leste. He has also had postings in Australian diplomatic missions in Samoa and Japan and served as a Senior Civilian Monitor in Bougainville, Papua New Guinea.

    I thank outgoing High Commissioner Ewen McDonald for his contributions to advancing Australia’s interests in Fiji since 2023.

    MIL OSI News –

    February 16, 2025

  • MIL-OSI New Zealand: Kiwi campaign invites Aussies to come on over

    Source: New Zealand Government

    A new campaign encouraging Australians to pick New Zealand for their next holiday gears up the industry for growth in 2025, Tourism and Hospitality Minister Louise Upston says.Marketing goes live in Australia in the week ahead, underscoring the Government’s commitment to drive international tourism alongside economic growth.“We always love to see our Australian friends holidaying here, staying with local accommodation providers, soaking up Kiwi experiences, and enjoying hospitality in restaurants, bars and cafes,” Louise Upston says.“Tourism is a crucial part of this Government’s focus on economic growth, with domestic and international tourism expenditure at almost $38 billion and supporting nearly 200,000 jobs.“This is the first investment for our Tourism Boost, utilising $500,000 from the International Visitor Conservation and Tourism Levy and there will be further initiatives to come.”Visitor numbers from Australia are currently at about 88 per cent of 2019 levels – this campaign will encourage more of our neighbours to book now and come on over.“What this Tourism New Zealand campaign says to our Aussie mates is that we’re open for business, there are some great deals on, and we’d love to see you soon.“The campaign tagline of ’Everyone must go’ lets Australia know that New Zealand is a ‘must visit’ destination, and that we’re ready and waiting to welcome them now.“The number of Australian arrivals in New Zealand increased by more than 90,000, up from 1.27 million to 1.36 million over the past year, but we know there’s more room to grow. This campaign builds on that momentum and capitalises on the work already done to establish New Zealand as an appealing destination. “Figures indicate that around 4 million Australians are already actively considering a holiday here. “Tourism New Zealand has brought partners on board to contribute too. We all want to encourage Australians to visit, spend, and have a fantastic time in New Zealand. “This is part of our Tourism Boost, developed by the Government in partnership with industry to support immediate growth in visitor numbers, drive export activity and deliver economic growth. “This campaign is also one action feeding into Going For Growth, launched by Minister of Finance and Economic Growth Nicola Willis.“Going For Growth sets out what this Government is doing to address our growth challenges and unlock New Zealand’s potential.“Ultimately economic growth is driven by businesses, and I will continue to meet with businesses up and down the country to help grow tourism not just in the immediate term but over the long term,” Louise Upston says. 

    MIL OSI New Zealand News –

    February 16, 2025

  • MIL-Evening Report: How Israeli propaganda filters into NZ media – drop it, says Mediawatch

    COMMENTARY: By Saige England

    Mediawatch on RNZ today strongly criticised Stuff and YouTube among other media for using Israeli propaganda’s “Outbrain” service.

    Outbrain is a company founded by the Israeli Defence Force (IDF) military and its technology can be tracked back to a wealthy entrepreneur, which in this case could be a euphemism for a megalomaniac.

    He uses the metaphor of a “dome”, likening it to the dome used in warfare.

    Outbrain, which publishes content on New Zealand media, picks up what’s out there and converts and distorts it to support Israel. It twists, it turns, it deceives the reader.

    Presenter Colin Peacock of RNZ’s Mediawatch programme today advised NZ media to ditch the propaganda service.

    Outbrain uses the media in the following way. The content user such as Stuff pays Outbrain and Outbrain pays the user, like Stuff.

    “Both parties make money when users click on the content,” said Peacock.

    ‘Digital Iron Dome’
    The content on the Stuff website came via “Digital Iron Dome” named after the State of Genociders’ actual defence system. It is run by a tech entrepreneur quoted on Mediawatch:

    “Just like a physical iron dome that scans the open air and watches for any missiles . . . the digital iron dome knows how to scan the internet. We know how to buy media. Pro-Israeli videos and articles and images inside the very same articles going against Israel,” says the developer of the propaganda “dome” machine.

    Peacock said the developer had stated that the digital dome delivered “pro-Jewish”* messages to more than 100 million people worldwide on platforms like Al Jazeera, CNN — and last weekend on Stuff NZ — and said this information went undetected as pro-Israel material, ensuring it reached, according to the entrepreneur: “The right audience without interference.”

    According to Wikipedia, Outbrain was founded by Yaron Galai and Ori Lahav, officers in the Israeli Navy. Galai sold his company Quigo to AOL in 2007 for $363 million. Lahav worked at an online shopping company acquired by eBay in 2005.

    The company is headquartered in New York with global offices in London, San Francisco, Chicago, Washington DC, Cologne, Gurugram, Paris, Ljubljana, Munich, Milan, Madrid, Tokyo, São Paulo, Netanya, Singapore, and Sydney.

    Peacock pointed out that other advocacy organisations had already been buying and posting content, there was nothing new about this with New Zealand news media.

    But — and this is important — the Media Council ruled in 2017 that Outbrain content was the publisher’s responsibility: that the news media in NZ were responsible for promoted links that were offered to their readers.

    “Back then publishers at Stuff and the Herald said they would do more to oversee the content, with Stuff stating it is paid promoted content,” said Peacock, in his role as the media watchdog.

    Still ‘big money business’
    “But this is also still a big money business and the outfits using these tools are getting much bigger exposure from their arrangements with news publishers such as Stuff,” he said.

    He pointed out that the recently appointed Outbrain boss for Australia New Zealand and Singapore, Chris Oxley, had described Outbrain as “a leader in digital media connecting advertisers with premium audiences in contextually relevant environments”.

    The watchdog Mediawatch said that news organisations should drop Outbrain.

    “Media environments where news and neutrality are important aren’t really relevant environments for political propaganda that’s propagated by online opportunists who know how to make money out of it and also to raise funds while they are at it, ” said Peacock.

    “These services like Outbrain are sometimes called ‘recommendation engines’ but our recommendation to news media is don’t use them for the sake of the trust of the people you say you want to earn and keep: the readers,” said Peacock.

    Saige England is a journalist and author, and member of the Palestine Solidarity Network Aotearoa (PSNA).

    * Being “pro-Jewish” should not be equated with being pro-genocide nor should antisemitism be levelled at Jews who are against this genocide. The propaganda from Outbrain does a disservice to Palestinians and also to those Jewish people who support all human rights — the right of Palestinians to life and the right to live on their land.

    MIL OSI Analysis – EveningReport.nz –

    February 16, 2025

  • MIL-Evening Report: ‘Clandestine’ Cook Islands-China deal ‘damaged’ NZ relationship, says Clark

    By Lydia Lewis, RNZ Pacific presenter/Bulletin editor

    Former New Zealand Prime Minister Helen Clark maintains that Cook Islands, a realm of New Zealand, should have consulted Wellington before signing a “partnership” deal with China.

    “[Cook Islands Prime Minister Mark Brown] seems to have signed behind the backs of his own people as well as of New Zealand,” Clark told RNZ Pacific.

    Brown said the deal with China complements, not replaces, the relationship with New Zealand.

    The contents of the deal have not yet been made public.

    “The Cook Islands public need to see the agreement — does it open the way to Chinese entry to deep sea mining in pristine Cook Islands waters with huge potential for environmental damage?” Clark asked.

    “Does it open the way to unsustainable borrowing? What are the governance safeguards? Why has the prime minister damaged the relationship with New Zealand by acting in this clandestine way?”

    In a post on X (formerly Twitter), Clark went into detail about the declaration she signed with Cook Islands Prime Minister Terepai Maoate in 2001.

    “There is no doubt in my mind that under the terms of the Joint Centenary Declaration of 2001 that Cook Islands should have been upfront with New Zealand on the agreement it was considering signing with China,” Clark said.

    “Cook Islands has opted in the past for a status which is not independent of New Zealand, as signified by its people carrying New Zealand passports. Cook Islands is free to change that status, but has not.”

    Sione Tekiteki in Tonga for PIFLM 2024 . . . his last leader’s meeting in his capacity as Director of Governance and Engagement. IMage: RNZ Pacific/ Lydia Lewis

    Missing the mark
    A Pacific law expert said there was a clear misunderstanding on what the 2001 agreement legally required New Zealand and Cook Islands to consult on.

    Brown has argued that New Zealand does not need to be consulted with to the level they want, something Foreign Minister Winston Peters disagrees with.

    AUT senior law lecturer and former Pacific Islands Forum policy advisor Sione Tekiteki told RNZ Pacific the word “consultation” had become somewhat of a sticking point:

    “From a legal perspective, there’s an ambiguity of what the word consultation means. Does it mean you have to share the agreement before it’s signed, or does it mean that you broadly just consult with New Zealand regarding what are some of the things that, broadly speaking, are some of the things that are in the agreement?

    “That’s one avenue where there’s a bit of misunderstanding and an interpretation issue that’s different between Cook Islands as well as New Zealand.”

    Unlike a treaty, the 2001 declaration is not “legally binding” per se but serves more to express the intentions, principles and commitments of the parties to work together in “recognition of the close traditional, cultural and social ties that have existed between the two countries for many hundreds of years”, he added.

    Tekiteki said that the declaration made it explicitly clear that Cook Islands had full conduct of its foreign affairs, capacity to enter treaties and international agreements in its own right and full competence of its defence and security.

    There was, however, a commitment of the parties to “consult regularly”, he said.

    For Clark, the one who signed the all-important agreement all those years ago, this is where Brown had misstepped.

    Pacific nations played off against each other
     Tekiteki said it was not just the Joint Centenary Declaration causing contention. The “China threat” narrative and the “intensifying geopolitics” playing out in the Pacific was another intergrated issue.

    An analysis in mid-2024 found that there were more than 60 security, defence and policing agreements and initiatives with the 10 largest Pacific countries.

    Australia was the dominant partner, followed by New Zealand, the US and China.

    A host of other agreements and “big money” announcements have followed, including the regional Pacific Policing Initiative and Australia’s arrangements with Nauru and PNG.

    “It would be advantageous if Pacific nations were able to engage on security related matters as a bloc rather than at the bilateral level,” Tekiteki said.

    “Not only will this give them greater political agency and leverage, but it would allow them to better coordinate and integrate support as well as avoid duplications. Entering these arrangements at the bilateral level opens Pacific nations to being played off against each other.

    “This is the most worrying aspect of what I am currently seeing.

    “This matter has greater implications for Cook Islands and New Zealand diplomatic relations moving forward.”

    Mark Brown talking to China’s Ambassador to the Pacific, Qian Bo, who told the media an affirming reference to Taiwan in the PIF 2024 communique “must be corrected”. Image: RNZ Pacific/Lydia Lewis

    Protecting Pacific sovereignty
     The word sovereignty is thrown around a lot. In this instance Tekiteki does not think “there is any dispute that Cook Islands maintains sovereignty to enter international arrangements and to conduct its affairs as it determines”.

    But he did point out the difference between “sovereignty — the rhetoric” that we hear all the time, and “real sovereignty”.

    “For example, sovereignty is commonly used as a rebuttal to other countries to mind their own business and not to meddle in the affairs of another country.

    “At the regional level is tied to the projection of collective Pacific agency, and the ‘Blue Pacific’ narrative.

    “However, real sovereignty is more nuanced. In the context of New Zealand and Cook Islands, both countries retain their sovereignty, but they have both made commitments to “consult” and “cooperate”.

    Now, they can always decide to break that, but that in itself would have implications on their respective sovereignty moving forward.

    “In an era of intensifying geopolitics, militarisation, and power posturing — this becomes very concerning for vulnerable but large Ocean Pacific nations without the defence capabilities to protect their sovereignty.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

    February 16, 2025

  • MIL-OSI Australia: Arrest – Robbery/Aggravated Assault/Assault Police – Alice Springs

    Source: Northern Territory Police and Fire Services

    Northern Territory Police have arrested a 27-year-old female after she assaulted a 68-year-old woman in an Alice Springs Supermarket before assaulting a Police Officer.

    About 3:00pm yesterday afternoon the woman entered the supermarket in the CBD with another female and they started opening and drinking bottles of non-alcoholic wine.

    The 27-year-old woman then allegedly attempted to steal a bottle of the wine by stashing it down her pants and walking towards the exit.

    The 68-year-old woman then confronted the offender about her actions.

    The offender then threw the bottle at the victim together with other items on the shelves.

    Broken glass from a jar struck the 68-year-old in the foot, causing a cut.

    The offender then left the store and was approached by 2 Police Officers, who had been alerted to the offending by members of the public.

    The offender then punched one of the officers in the stomach and spat in his face before she was arrested.

    Northern Territory Duty Superintendent Mark Bland said “This is abhorrent behaviour and it simply will not, and should not be tolerated by anyone.

    “The female victim did not deserve to be injured just going about her daily routines and Police officers do not deserve to be assaulted while doing their job.

    “Offenders who carry out these despicable acts need to be aware that the Northern Territory Police Force will make sure they face the consequences for the actions.”

    The woman who entered the supermarket with the offender is yet to be identified.

    MIL OSI News –

    February 16, 2025

  • MIL-OSI Australia: Experts appointed to lead anti-bullying rapid review

    Source: Australian Ministers for Education

    The Albanese Labor Government is working together with states and territories on a national standard to address bullying in Australian schools.

    This includes a new Anti-Bullying Rapid Review to examine current school procedures and best practice methods to address bullying behaviours.

    Dr Charlotte Keating and Dr Jo Robinson have been appointed as co-chairs of the Review.

    The Review will inform the development of a national standard to addressing bullying in schools.

    Bullying has no place in our schools. Students, teachers and staff should always feel safe in the classroom.

    That’s why we will listen to the experts and develop a national strategy that is grounded in evidence and informed by lived experiences.

    Dr Keating and Dr Robinson will consult broadly with key stakeholders across Australia, including parents, teachers, students, parent groups, state education departments and the non-government sector. 

    It will draw on work already underway across the country to address bullying in schools.

    Today’s announcement builds on the success of the national mobile phone ban in all public schools, vaping reforms and introducing a minimum age of 16 years for Australian children to access social media.

    The Review will be conducted over the next six months with recommendations then provided to Education Ministers.

    Quotes attributable to Minister for Education Jason Clare:

    “Bullying is not just something that happens in schools, but schools are places where we can intervene and provide support for students.

    “All students and staff should be safe at school, and free from bullying and violence.

    “That’s why we’re taking action to develop a national standard to address bullying in schools. 

    “Last year we worked together to ban mobile phones in schools. This is another opportunity for us to support students, teachers and parents across the country. 

    “I have asked Dr Keating and Dr Robinson to work with parents, teachers, students and the states and territories to get this right.”

    MIL OSI News –

    February 16, 2025

  • MIL-OSI United Kingdom: Foreign Secretary and Defence Secretary: Bad peace deal with Russia will cause damage far beyond Ukraine

    Source: United Kingdom – Executive Government & Departments 3

    The Foreign and Defence Secretaries have written a joint Op-Ed in the Daily Telegraph on how to reach a strong and durable peace in Ukraine.

    For 20 years, Vladimir Putin has been repeating the mistakes of Russia’s past: by seeking to recreate the Russian empire and suffocate the countries around its borders.

    Too often in the past, the West has let him. We did too little in 2008, when he invaded Georgia, and in 2014, when he first went into Ukraine.

    When he launched his full-scale attack almost three years ago, he thought it would be more of the same. Putin believed that he would win his war in three days. Yet the Ukrainians continue to fight with huge courage and the support of their friends.

    Putin only responds to strength. Donald Trump and Volodymyr Zelensky have both spoken of their desire to achieve “peace through strength”. And the support we give to Ukraine provides the strength to achieve that peace. Ukraine, Britain, Europe and the US all agree.

    In Brussels this week, at the Ukraine Defence Contact Group – which we as the UK chaired for the first time – Pete Hegseth, the US defence secretary, confirmed that, like us, the US wants to see a sovereign, prosperous Ukraine.

    Like us, the US wants a lasting peace, after almost three years of war.

    Like us, the US recognises the failure of Minsk agreements, deals made from a position of division and weakness.

    At the Munich Security Conference this weekend, our message to our allies is the need for us all to continue to unite and show strength.

    The Prime Minister has signed a 100-year partnership with Ukraine – a testament to our long-term commitment and confidence in the country’s future. Including the new loans we are giving, which will be repaid using the windfall profits from frozen Russian assets, our support extends to £15 billion.

    And we are going farther still: this week, we announced an additional £150 million military package, part of the record £4.5 billion in support we are providing this coming year.

    A year on from the death of Alexei Navalny, we are also putting new sanctions on Putin’s inner circle, adding to 2,000 sanctions Britain has already put on Russia.

    From opposition and in government, we have been clear that Europe and the UK must do more together to share the burden of our continent’s security.

    [POLITICAL CONTENT REDACTED]

    We were clear we need our friends in Europe to invest more in defence and seize the opportunities of closer UK-EU cooperation.

    This has already begun. Europe is united on the need to step up. We are – and we will.

    Europe has now committed almost two thirds of all aid to Ukraine, and well over half the military aid. In 2021, the UK and US were two of only six allies meeting Nato’s 2 per cent defence spending target. That number is now 23.

    And we all need to turn up the pressure on Russia. Putin’s economy is struggling. Last year, the Kremlin spent more on military aid than social welfare for the first time since the collapse of the Soviet Union.

    Sanctions on energy are a particular priority: the UK has sanctioned more than 100 ships, as well as Gazprom Neft and PJSC Surgutneftegas, two of Russia’s big four oil companies.

    While Russia is weakened, it remains undeniably dangerous. Just this weekend, our Royal Navy will track Russian warships passing close to British waters. These ships are retreating from Syria after Putin abandoned his ally Bashar al-Assad, yet they remain armed and full of ammunition. We will be watching their every move.

    Ultimately, we need a strong peace. A durable peace. A peace that allows Ukrainians a secure future and deters any future Russian aggression. That is why there must be no talks about Ukraine without Ukraine, and we must give Mr Zelensky the strongest possible hand in those talks.

    A bad peace would not only harm our security, but our economies, too: Putin’s 2022 invasion took 1.5 per cent off global GDP and added 3 per cent to European inflation. China, Iran and North Korea are all watching.

    A durable peace must be based on new security arrangements: Europe doubling down to do more on our own continent’s security; a continuing, long-term US commitment to its allies through Nato; and British support to the US and allies in the Indo-Pacific – such as through the Aukus security partnership. That is the way to make us all stronger.

    On Feb 24, we will mark a grim milestone – three years since Putin’s full-scale invasion. Yet despite all the challenges, Ukrainians are showing astonishing tenacity. Now is the time to turn up the pressure on the Kremlin. With strength and unity, we will prevail.

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    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom –

    February 16, 2025

  • MIL-OSI USA: FACT SHEET: Trump & Elon’s Layoffs Jeopardize Essential Services Americans Rely On, Threaten Critical Agency Objectives Keeping Americans Safe & Healthy 

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA) responded to the Trump administration’s mass firings of federal workers who are on their “probationary” period—meaning: federal workers who were hired or promoted within the past 1-2 years.  

    There is nothing efficient about indiscriminate mass firings. Although the exact number of employees in their probationary period changes with each pay period, data from March 2024 shows more than 220,000 federal employees were within their probationary period. More than one quarter, or 56,000, were employees at the Veterans Health Administration. The Partnership for Public Service estimates that there are now closer to 250,000 federal employees in their probationary period. Moreover, these employees are younger (around 27% are under the age of 30) and have the highest rates of employee engagement among all government workers. President Trump has also recently signed an Executive Order, which mandates that only one employee be hired for every four who are fired or depart.

    In a statement, Senator Murray said:

    “There is nothing ‘efficient’ about indiscriminately firing thousands upon thousands of workers in red and blue states whose work is badly needed. 

    “We are talking about safety engineers at the Hanford nuclear cleanup site, VA doctors and nurses, utility line workers in my home state, CDC health experts who investigate disease outbreaks, and so many others.

    “Two billionaires who have zero concept of what the federal workforce does are breaking the American government—decimating essential services and leaving all of us worse off. 

    “The lives upended by these callous firings will not just be the federal workers who lose their jobs, but the millions of Americans who rely on services these employees provide: health care, food safety, housing, lifesaving research, and so much else. 

    “Let’s be clear that these sweeping layoffs do not address fraud or waste. These firings are totally arbitrary–pushing out high performers and the promising next generation of our federal workforce who won’t be easily replaced. 

    “The scale and scope of Trump and Elon’s purge will set our country back decades, but we are not powerless in this moment. It is incumbent on every one of us to speak out for a government that works for middle-class families and working people—not just billionaires who will never need to call about their Social Security benefits or file a disability claim at VA.”

    SEE BELOW FOR A SELECT, NON-COMPREHENSIVE LIST OF THE IMPACTS OF THESE LAYOFFS:

    VETERANS AFFAIRS: In 2022, Congress passed the largest expansion of veterans’ benefits in two decades, requiring a significant influx of resources and staff to ensure veterans are getting the medical care and benefits they are owed. 

    • The Trump administration’s mass firing of more than 1,000 VA employees just yesterday will badly undercut VA’s ability to process the significant uptick in claims and benefits the agency has seen since the PACT Act was signed into law. The Trump administration has not explicitly exempted doctors, nurses, medical researchers, or disability claims raters from the layoffs. 
    • These layoffs likely mean longer wait times for veterans trying to receive medical care, and they could mean that ongoing clinical trials may be forced to come to an abrupt halt. They likely also mean veterans will wait longer for their disability claims to be processed and approved, and that training for new claims raters that VA has invested in over the last year would go to waste.  
    • There is already a shortage of VA doctors and nurses across the country–in red and blue states. The hiring freeze prohibits new disability claims raters from coming on board, and with the firing of recently hired raters, the backlog of unprocessed claims will grow above 254,000. 

    SMALL BUSINESS ADMINISTRATION (SBA): The SBA provides essential resources and support to small businesses and entrepreneurs across the country. This week, the Trump administration reportedly moved to fire 720 employees, including those recently hired to help small businesses and homeowners recover from devastating disasters. Communities and main streets across the country–from North Carolina to California–are still reeling from the impacts of hurricanes and wildfires; laying off SBA employees will curtail the SBA’s efforts to help small businesses on the ground recover. 

    OFFICE OF PERSONNEL MANAGEMENT (OPM): OPM serves as the chief human resources and personnel policy manager for the federal government and processes retirements for all federal workers, including those in the postal service. OPM employees help ensure federal employees in every part of the country receive their paychecks and retirement benefits. Without adequate staffing levels, federal workers will experience disruptions in essential services OPM provides. 

    • On February 13, OPM fired 250 probationary employees. Management was not notified that the agency would be firing people that day and probationary employees were given 30 minutes to leave the building. There were no exceptions given for high-performing employees or those that managers had prioritized on requested forms. 

    GENERAL SERVICES ADMINISTRATION (GSA): GSA oversees most government contracts, manages federal property, and oversees basic federal government functions. Housed at GSA, Technology Transformation Services is responsible for FedRAMP, which sets cybersecurity standards for federal contractors, and Login.gov, which the American public uses to access their Social Security statements online. GSA was one of the earliest DOGE targets. 

    • An estimated 100 tech workers at GSA have been laid off this week alone. These employees assist with important federal initiatives, including the Direct File program, which is finally helping Americans file their taxes directly with the IRS–for free.  

    HOUSING AND URBAN DEVELOPMENT: The nationwide housing shortage is one area in which both sides of the aisle agree needs urgent solutions, and HUD plays a critical role in working to tackle the crisis. Without sufficient staff to keep things moving at HUD, hundreds of projects across the country are going to be delayed. Many projects will fall apart completely, exacerbating the housing crisis. Even one month of delays on a multimillion-dollar project can cost builders immensely. In just a few weeks of hasty decisions, the Trump administration has proposed drastic cuts that will hurt some of the most vulnerable people and families across the country, undercut economic development, and stunt disaster recovery.

    • Even under current staffing levels, grantees struggle to receive adequate and timely customer service and processing from HUD, and these actions will make it devastatingly worse.
    • Based on current estimates, Trump’s personnel actions to date will result in about a 13% reduction in HUD’s entire workforce.
    • This figure could grow to 50% percent based on reported plans for additional staff cuts across HUD’s programs. One component was directed to reduce staff by 84%, and that office oversees the community and economic development, long-term disaster, and homeless assistance funding that cities around the country, in red and blue states, rely on.  

    DEPARTMENT OF ENERGY: The Department of Energy is responsible for overseeing U.S. energy policy and production, our nuclear weapons program, and national nuclear policy. Among other things, Department of Energy staff plays an essential role in turbocharging American innovation, creating new good-paying jobs, lowering families’ energy bills, strengthening America’s energy security, and maintaining our nation’s nuclear weapons stockpile.

    • The Department of Energy has now laid off 1,800 employees out of 15,850 employees, which is roughly 11% of its workforce. The layoffs have occurred Department-wide; however, the climate and infrastructure deployment offices have been hit hardest, including the Office of Clean Energy Demonstrations, Energy Efficiency and Renewable Energy, and the Manufacturing and Grid Deployment Offices. These layoffs will seriously hamper the implementation of the Bipartisan Infrastructure Law and Inflation Reduction Act, which have created hundreds of thousands of new jobs–compounding the incredible damage that this administration has already caused with its illegal freeze of funding provided by the two landmark laws. The layoffs include staff responsible for ensuring that funding to lower households’ energy costs gets out the door.
    • In Washington state alone, more than a dozen employees at the Hanford Site and more than 600 at the Bonneville Power Administration have been laid off–which will have cascading ripple effects on the cleanup efforts at the Hanford site and the security of the Pacific Northwest energy grid. Notably, these numbers do not include employees who opted into the “deferred resignation” program.

    INDIAN HEALTH SERVICE: The Indian Health Service provides direct health care to 2.8 million American Indians and Alaska Natives, but has, for years, been plagued with chronic staffing challenges and consistently high vacancy rates (upwards of 29%) across all service areas. The staffing shortage has, for decades, undercut the quality of care to Tribal communities across the country. Congress has consistently identified recruitment and retention as a high priority for the agency and has worked on a bipartisan basis to fully fund staffing at IHS facilities and to increase hiring incentives to provide relief.

    • The Trump administration’s mass firing of more than an estimated 850 employees includes doctors, nurses, dentists, pharmacists, and lab technicians–and will devastate the Indian Health Service’s ability to provide services for patients and make an already dire situation worse. These indiscriminate cuts to IHS’ health care workforce will leave thousands without access to critical care and could cost lives.
    • American Indians and Alaska Natives have a life expectancy rate of 11 years less than the national average of 65.2 years old. That’s the same life expectancy rate as the overall population of the United States in 1944.

    DEPARTMENT OF THE INTERIOR: The Interior Department is responsible for the management of public lands, waters, and natural resources, including both conservation and development on federal lands under the National Park Service, Fish and Wildlife Service, and Bureau of Land Management, as well as administering programs affecting Native Americans. The Department is reportedly laying off 2,300 employees.

    • These layoffs will lead to a damaging loss of full-time staff at the National Park Service, which is already operating well below prior staffing levels despite significant increases in visitation. As a result of onerous budget caps during the 2010s, the National Park Service lost 15% of its staff while park visitation also increased by 15%. National Park units experience a summer surge in visitation that peaks in July, and the Service hires more than 6,000 seasonal employees to manage that extra work. Without full-time or seasonal staff during this peak season, visitor centers may close, bathrooms will not be properly maintained, campgrounds may close, guided tours will be cut back or altogether canceled, emergency response times will drop, and visitor services like safety advice, trail recommendations, and interpretation will be unavailable.
    • These indiscriminate cuts are also likely to jeopardize the President’s own “America-First” energy agenda, delaying the processing, planning, permitting, environmental compliance, and approval of new and expanded transmission lines, renewable energy projects, oil and gas leasing and drilling, critical minerals mines, coal mining, and other development on federal lands or waters.

    Federal Bureau of Investigation: The FBI is the domestic intelligence and security service of the United States and its principal federal law enforcement agency. The Bureau is reportedly amassing a list of thousands of probationary employees, including special agents, for possible layoffs–which comes at a time of incredible uncertainty at the FBI. The FBI already faces a salaries and expenses resources shortfall, because of the Fiscal Responsibility Act’s tight constraints, which has already resulted in roughly 1,000 fewer staff. A purge—possibly in the thousands—of FBI employees will worsen an already bad situation–seriously undermining the FBI’s ability to combat terrorism, violent crime, cybercrime, drugs and gangs, transnational organized crime, and child and sex trafficking exploitation. 

    • The FBI has over 2,800 probationary employees, nearly 600 of which are special agents. 
    • The first year cost alone of recruiting, hiring, and training a new FBI special agent is nearly $250,000. Firing hundreds of new agents would be a colossal waste of American taxpayers’ dollars. 

    FOREST SERVICE: The Forest Service is responsible for managing 193 million acres of national forests and grasslands and is reportedly laying off 2,400 employees. While some exemptions are expected for law enforcement and firefighters, many of those being let go are qualified to help respond to wildfires and are a vital resource during the height of fire season. Other recent hires were brought on to accelerate hazardous fuels reduction and community wildfire defense projects to decrease the risk of catastrophic wildfires to communities across the country.

    ENVIRONMENTAL PROTECTION AGENCY: Approximately 1,700 EPA staff have so far been notified they could be terminated. As of December 2024, EPA had 15,572 total full-time employees on staff, which include scientists, toxicologists, biologists, staff overseeing cleanups at Superfund sites in red and blue states, and many more. Indiscriminate layoffs will seriously jeopardize energy projects that have created good jobs, efforts to keep American families’ water supply clean and safe, waste site cleanup efforts, and much more.

    DEPARTMENT OF HEALTH AND HUMAN SERVICES: HHS’ civil service and nonpartisan leadership consists of scientists, researchers, medical professionals, child welfare specialists, and other dedicated public servants. Its nonpartisan leadership is tasked with implementing laws spanning HHS’ far-reaching responsibilities and accordingly is retained to continue building on advances made in medicine, public health, and social services. HHS’ nonpartisan career leadership does not routinely turn over between administrations.

    • Nonetheless, Secretary Kennedy, now having been confirmed, is expected to seek the unprecedented resignation of HHS nonpartisan career leadership and has already begun firing thousands of probationary employees across HHS. 
    • Injecting politics deep into HHS will undermine everything from biomedical research to public health to substance use treatment to child welfare. This is how now-Secretary Kennedy will substitute his own beliefs for established scientific consensus. 
    • Additionally: firing thousands of staff across the Department will have far-reaching impacts on basic government services, potentially including the administration of Medicare. Firings so far have included nurses, pharmacists, patient care technicians, and other staff critical for patient care at NIH’s clinical center, as well as hundreds of early career scientists and researchers.

    DEPARTMENT OF EDUCATION: So far, Department of Education employees have already been put on administrative leave simply because they took a training encouraged by the first Trump administration. Other employees fired or expected to be fired at the Department of Education will put cybersecurity efforts, ongoing work on the FAFSA, and maintenance of student aid processing systems in serious jeopardy. 

    AGRICULTURAL RESEARCH SERVICE: ARS is the USDA’s principal in-house research agency that seeks to develop and transfer solutions to agricultural problems of high national priority. This includes research related to ensuring high-quality, safe food, assessing the nutritional needs of Americans, and sustaining a competitive U.S. agricultural economy.

    • The blanket firing of hundreds of scientists and technicians across the country who were in probationary periods will undercut new, ongoing, and urgent research projects studying livestock and crop production, food safety, environmental stewardship, human nutrition, and value-added agriculture. 

    ANIMAL AND PLANT HEALTH INSPECTION SERVICE: Scores of employees from the Animal and Plant Health Inspection Service (APHIS) were abruptly fired regardless of performance status. APHIS protects our country against the emergence of deadly animal and zoonotic diseases and prevents the introduction of destructive invasive pests. This work is vital to ensuring our farmers and ranchers can safely feed the world. As avian influenza rages across poultry and dairy farms and continues to infect people, the last thing our country needs is a shortage of staff focused on addressing this threat.  

    RURAL DEVELOPMENT: Hundreds of employees working to help rural communities across the country were laid off overnight. Rural Development provides financial assistance for communities to have safe drinking water, affordable housing, high-speed internet, and access to health and safety services. Without adequate staffing, loans and grants will not be processed, and these communities will not have the resources they need to thrive.

    NATURAL RESOURCES CONSERVATION SERVICE: Hundreds of employees working to assist producers with access to voluntary conservation programs and practices were laid off. Those employees are based in offices across the country and provide technical assistance to help improve soil quality, reduce the energy used on farms, and provide other climate mitigation benefits. 

    NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION: NOAA is the nation’s leading scientific and regulatory agency charged with forecasting weather, monitoring oceanic and atmospheric conditions, and managing marine and coastal resources. Americans rely on the National Weather Service’s data forecasts daily but the critical nature of the mission to life and property comes to light during hurricanes, drought, wildfires, tornados, and other extreme weather events. The National Weather Service already struggles with staffing shortages but has made a concerted effort to increase the number of meteorologists. As such, many meteorologists have only been in the role for less than a year and are within their probationary period. 

    • Reports that NOAA will be required to lay off more than a thousand probationary employees, including meteorologists, which amount to 10% of NOAA’s workforce would result in disruptions to weather forecasts. 
    • Similar impacts could be felt to the sustainable management of the nation’s fisheries since NOAA relies on wage mariners to staff the fisheries’ survey vessels that perform stock assessments that feed into accurate sustainable catch limits on which the fishing industry relies.

    MIL OSI USA News –

    February 15, 2025

  • MIL-OSI Australia: Unlicensed driver blows 6 times legal limit – Darwin

    Source: Northern Territory Police and Fire Services

    A young Darwin man is lucky to be alive after crashing his small vehicle into large utility vehicle on the Stuart Highway this morning.

    At 10:15am the Joint Emergency Services Communications Centre received a report of a two-vehicle crash at the intersection of Stuart Highway and Tivendale Road, Knuckey Lagoon.

    Earlier, a 47-year-old male was driving a black, Ford F-150 inbound along the Stuart Highway when a 21-year-old male, driving a silver Toyota Yaris, attempted to make a right-hand turn from the Stuart Highway onto Tivendale Road.

    The driver of the Yaris failed to see the F-150 and collided heavily into the driver’s side causing extensive damage to both vehicles and blocking the inside lane.

    Police, NTFRS and St Johns Ambulance attended the scene. The driver of the F-150 sustained a possible fractured ankle and a laceration to his arm and was taken to Royal Darwin Hospital by ambulance.

    The 21-year-old driver, who is unlicensed, was breath tested at the scene of the crash and returned an indication blood alcohol level of 0.304%.

    He was also taken to RDH for assessment of minor injuries and a blood sample was also taken for analysis.

    Darwin Watch Commander Sean Patterson said the behaviour of the 21-year-old driver was simply unacceptable.

    “The conduct of this offending driver was absolutely ludicrous. He put the community in danger and caused injuries to a person going about his daily business, Watch Commander Patterson said.

    “Sixty people lost their lives on Territory roads last year and the actions of this young man had the potential to cause another, totally unnecessary fatality.

     “This type of behaviour is completely irresponsible and Police make no apology for continuing to target drivers impaired by alcohol and drugs.”

    The Darwin Traffic Operations unit are continuing to investigate the crash.

    MIL OSI News –

    February 15, 2025

  • MIL-OSI Australia: 40th anniversary of the Torres Strait Treaty

    Source: Australian Government – Minister of Foreign Affairs

    Today marks the 40th anniversary of the Torres Strait Treaty between Australia and Papua New Guinea, which entered into force on 15 February 1985.

    In addition to defining the maritime boundaries between Papua New Guinea and Australia, the Treaty protects the ways of life of traditional inhabitants in the Torres Strait Protected Zone.

    The Treaty’s unique provisions allow Torres Strait Islanders and Papua New Guineans from Treaty Villages free movement across borders for traditional activities, such as traditional fishing, cultural and religious ceremonies, social gatherings and trade.

    It is particularly important to reflect on the Treaty’s success this year as we look forward to marking the 50th Anniversary of Papua New Guinea’s independence in September.

    Quotes attributable to Minister for Foreign Affairs Penny Wong:

    “The Torres Strait Treaty recognises the kinship between our two countries and our people, reflecting the deeply important relationship between Australia and Papua New Guinea as neighbours, friends and equals.

    “We will continue working closely together to advance our shared interests and ensure a peaceful, stable and prosperous Pacific.”

    Quotes attributable to Minister for International Development and the Pacific Pat Conroy:

    “The arrangements in the Treaty are a reflection of the thousands of years of engagement and cultural connection that exist between Papua New Guinea and Australia.

    “Australia remains committed to the Torres Strait Treaty, and its assurance to empower our First Nations people and preserve their traditions, as the longest continuous culture on earth.”

    MIL OSI News –

    February 15, 2025

  • MIL-OSI United Nations: Sudan, ‘the most devastating humanitarian and displacement crises in the world’

    Source: United Nations 2

    14 February 2025 Humanitarian Aid

    Sudan’s ruinous civil war is approaching its third year, leaving a legacy of malnutrition, massive population displacement and chronic insecurity. As the UN system prepares to launch a call for record funding of $4.2 billion to support aid operations in the country, here are some of the main things to know about what have been described as “the largest and most devasting displacement, humanitarian and protection crises in the world today”.

    1) The war: 2023 Khartoum clashes herald end of peace process

    By the end of 2022, there were hopes that a UN- backed peace process would finally lead to a civilian administration in Sudan, after a tumultuous period which saw the fall of long-term dictator Omar al-Bashir in a military coup, followed by the harsh suppression of protests in favour of civilian rule.

    “A final political agreement should pave the way towards building a democratic State”, saidformer UN Special Representative for Sudan, Volker Perthes, in December 2022. Ominously, however, he warned that “critical contentious issues” remained, not least a merger of the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), separate military groups which had teamed up to depose al-Bashir.

    Tensions between the two sides grew in early 2023, marked by intermittent clashes, but the start of the current civil war came with the RSF attack on the capital Khartoum on 15 April. The fighting, which then spread to other parts of the country, forced the UN to evacuate Khartoum, and base operations in the relatively stable city of Port Sudan, on the Red Sea.

    On Friday, the Secretary-General, described the situation in Sudan as a catastrophe of “staggering scale and brutality” at the AU’s high stakes annual meeting in Addis Ababa, the capital of Ethiopia, and warned that it is increasingly spilling into the wider region. The UN has strongly condemned the fighting, and the Secretary-General’s Personal Envoy to Sudan, Ramtane Lamamra, continues to support peace efforts, in close collaboration with regional organizations, including the African Union (AU). 

    2) Humanitarian crisis: More than 30 million need aid

    The war has been catastrophic for Sudan’s civilians and the numbers are staggering. Some 30.4 million people – over two thirds of the total population – are in need of assistance, from health to food and other forms of humanitarian support. The fighting has led to an economic collapse, sending the prices of food, fuel and other basic goods soaring, putting them beyond the reach of many households.

    Acute hunger is a growing problem. Over half the population faces high levels of acute food insecurity, and famine conditions have been confirmed in five locations in North Darfur and the eastern Nuba mountains. Famine is expected to spread to five more areas by May of this year.

    “This is a critical moment, as the consequences of food insecurity are already being felt in parts of South Kordofan, where families are surviving on dangerously limited food supplies, and malnutrition rates are rising sharply,” warned Clementine Nkweta-Salami, the UN Humanitarian Coordinator in Sudan.

    Humanitarian efforts are severely hampered by the lack of security, which is putting severe constraints on humanitarian access, complicating the movement of supplies and endangering aid workers.

    Despite the dangers, the UN and its humanitarian partners continue to reach vulnerable populations. The World Food Programme – the UN’s emergency food aid agency – is saving thousands of lives every day and the Food and Agriculture Organisation (FAO) successfully distributed seeds to over half a million households during the planting season. In all, some 15.6 million people received at least one form of aid from the UN in 2024.

    The country’s health system is on its knees, with health facilities attacked and many health workers forced to flee. The World Health Organization and UN Children’s Fund (UNICEF) are still operational, supporting immunization for cholera and malaria, and deploying mobile medical teams.

    3) Massive displacement: Equivalent to the entire Swiss population

    Huge numbers of people have been forced to flee their homes for areas of relative safety, both within Sudan and in neighbouring countries, adding to regional instability. Over three million people are classified as refugees, and almost nine million are internally displaced. The total displaced population is greater than the entire population of Switzerland.

    Because of the shifting frontlines, there have been successive waves of displacement, making the task of reaching those in need increasingly complicated. The UN refugee agency, UNHCR, has described the situation in Sudan as “the largest as well as the fastest growing displacement crisis globally.”

    The displaced population, whether they remain in Sudan or have moved abroad, face reduced access to food, scarce natural resources and limited access to essential services. In addition, outbreaks of diseases such as cholera and measles are rampant in camps for refugees and internally displaced people.

    Many of the surrounding nations have their own economic and security problems, and some are among the poorest in the world, with limited and overstretched services. Where possible, the UN migration agency (IOM) and UNHCR are protecting lives, supporting states hosting refugees, and ensuring that the needs of those fleeing are met with dignity.

    © WFP/Eulalia Berlanga

    South Sudan. Sudanese refugees waiting to receive cash assistance from WFP.

    4) Insecurity: Women and girls highly vulnerable

    Over 18,800 civilians have been reported killed since the beginning of the conflict, and the levels of violence in Sudan are getting worse. At the beginning of February, at least 275 people were killed in just one week, a threefold increase on the previous week’s death toll.

    Civilians are being hit by artillery shelling, airstrikes and aerial drone attacks: the worst affected regions are South Kordofan and Blue Nile states. As well as the general population, aid workers have been targets of intimidation and violence, with reports that some have been falsely accused of collaborating with the RSF.

    A UN fact-finding mission has documented a range of harrowing human rights violations committed by both the SAF and RSF, and called for investigations into the violations, and for the perpetrators to be brought to justice.

    In an interview with UN News, Edmore Tondhlana, the deputy head of the UN humanitarian office (OCHA), explained that women and girls are the most severely impacted by the conflict, with reports of rape, forced marriage and abductions. “If you look at the recent attack in South Kordofan, in which about 79 people were killed, the majority of victims were women and girls.”

    However, teenage boys are also at high risk. “They cannot easily travel between frontlines. They will be suspected of spying,” added Mr. Tondhlana. Large numbers of children have been recruited into armed groups, forced to fight or spy against the other side.

    © WFP

    Sudan. Offloading of barge transported food aid

    5) Funding: Billions needed

    A lack of sufficient funds is severely limiting the UN’s ability to help Sudan’s population. UNHCR and partners have been able to provide less than the bare minimum of support for refugees, and food rations have been drastically cut, adding to food insecurity.

    On Monday, OCHA and UNHCR will launch an appeal for funding, based on their respective response plans to the crisis. Humanitarian needs have been estimated at a record (for Sudan) $4.2 billion, with an additional $1.8 billion needed to support those hosting refugees in neighbouring countries.

    Whilst the amount needed might seem large, Mr. Tondhlana emphasizes that, given the numbers in dire need, it barely scratches the surface. “We’re trying to reach 21 million people, so this essentially $200 per person over the whole year. If we break it down even further, this is around $.0.50 per day.

    MIL OSI United Nations News –

    February 15, 2025

  • MIL-OSI Australia: Serious crash Evandale

    Source: South Australia Police

    Police and emergency services are at the scene of a serious crash at Evandale.

    About 10.30am on Saturday 15 February, Police were called to the intersection of Bakewell Road and Portrush Road after reports of a collision involving a truck and a car

    Diversions are in place, however please avoid the area if possible.

    MIL OSI News –

    February 15, 2025

  • MIL-OSI: $TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – EVGR, QTRX, RKDA, EBTC

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Evergreen Corporation (Nasdaq: EVGR), relating to its proposed merger with Forekast Limited. Under the terms of the agreement, Forekast shares will automatically be converted into the right to receive a number of Evergreen shares.

    Click here for more information https://monteverdelaw.com/case/evergreen-corporation/. It is free and there is no cost or obligation to you.

    • Quanterix Corporation (Nasdaq: QTRX), relating to the proposed merger with Akoya Biosciences. Under the terms of the agreement, Akoya shareholders will receive 0.318 shares of Quanterix common stock for each share of Akoya common stock owned. Quanterix shareholders will own approximately 70% of the combined company.

    Click here for more https://monteverdelaw.com/case/quanterix-corporation-qtrx/. It is free and there is no cost or obligation to you.

    • Arcadia Biosciences, Inc. (Nasdaq: RKDA), relating to the proposed merger with Roosevelt Resources LP. Under the terms of the agreement, Roosevelt and Arcadia shareholders are expected to own approximately 90% and 10%, respectively, of the outstanding shares of Arcadia.

    Click here for more https://monteverdelaw.com/case/arcadia-biosciences-inc-rkda/. It is free and there is no cost or obligation to you.

    • Enterprise Bancorp, Inc. (Nasdaq: EBTC), relating to the proposed merger with Independent Bank Corp. Under the terms of the agreement, shareholders of Enterprise will receive 0.60 shares of Independent, and $2.00 in cash, per share held.

    ACT NOW. The Shareholder Vote is scheduled for April 3, 2025.

    Click here for more https://monteverdelaw.com/case/enterprise-bancorp-inc-ebtc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    February 15, 2025

  • MIL-OSI Australia: Visit to Australia by Canadian Minister of Export Promotion, International Trade and Economic Development

    Source: Minister for Trade

    Today I will welcome Canada’s Minister of Export Promotion, International Trade and Economic Development, the Hon Mary Ng MP, to my home state of South Australia, before we attend the Australia-Canada Economic Leadership Forum in Sydney.

    Australia and Canada’s two-way goods and services trade is worth around $11 billion. Canada is also our eighth largest source of investment, with Canadian investment in Australia totalling $104 billion.

    Minister Ng’s visit to Australia and the Forum is an opportunity to showcase Australia as a top destination for trade and investment, including across agriculture, clean energy, and technology. Increased Canadian investment in Australia will help create more Australian jobs, and opportunities for our businesses and exporters.

    Over 140 Canadian businesses will be travelling to Australia as part of Minister Ng’s Team Canada delegation, to build stronger relationships with Australian businesses and look at new investments that will create opportunities for Australian industry and workers.

    I look forward to meeting with Minister Ng and Canadian business representatives to advance the close Australia-Canada economic relationship.

    MIL OSI News –

    February 15, 2025

  • MIL-OSI: Luokung Announces Receipt of Nasdaq Delisting Notice Subject to Hearing

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, Feb. 14, 2025 (GLOBE NEWSWIRE) — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”) today announced that on February 11, 2025, it has received a letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying that the Company is not in compliance with Nasdaq Listing Rule 5550(b), and the Nasdaq staff has determined that the Company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. As a result, the Nasdaq staff has determined to deny the Company’s request for continued listing on The Nasdaq Capital Market (the “Delisting Determination”).

    As previously reported, on October 23, 2024, Nasdaq notified the Company that based on information reported in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023 (the “2023 20-F”), it no longer complied with the minimum stockholders’ equity of $2.5 million for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1) while stockholders’ equity for the year ended December 31, 2023 was reported as ($63,228,280), and the Company did not meet the alternatives of market value of listed securities or net income from continuing operations. The Company had 45 calendar days, or until December 9, 2024, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from October 23, 2024, or April 21, 2025, to evidence compliance. The Company submitted its compliance plan to Nasdaq staff on December 9, 2024.  The Nasdaq staff issued the Letter after reviewing such plan.

    Based on the Letter, the Company was provided until February 18, 2025 to request an appeal of the Delisting Determination to the hearing panel.

    The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market.

    If the Company fails to appeal the Delisting Determination by February 18, 2025, trading of the Company’s ordinary shares will be suspended at the opening of business on February 20, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

    The Company is considering all potential options available to it to regain compliance with the aforementioned rules.

    ABOUT LUOKUNG TECHNOLOGY CORP.

    Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.

    CONTACT:

    The Company:
    Mr. Jian Zhang
    Chief Financial Officer
    Tel: +86-10-6506-5217
    Email: ir@luokung.com

    The MIL Network –

    February 15, 2025

  • MIL-OSI USA: ICE arrests criminal alien convicted of secretly recording others in bathroom

    Source: US Immigration and Customs Enforcement

    February 14, 2025Houston, TX, United StatesEnforcement and Removal

    HOUSTON – U.S. Immigration and Customs Enforcement arrested a criminal alien Feb. 11 who was previously convicted of secretly recording others in the bathroom.

    ICE’s Homeland Security Investigations Houston arrested Daniel Alejandro Tristan-Guerra, a 28-year-old criminal alien from Mexico, in Hallettsville and he was taken to the Victoria County Jail for processing.

    “The residents in Southeast Texas can rest easier today knowing this predator has been removed from the community,” said ICE HSI Houston Special Agent in Charge Chad Plantz. “Working alongside our partners in Lavaca County, ICE HSI special agents were able to safely apprehend him when his guard was down and minimize any threat to the public.”

    Tristan-Guerra was convicted Aug. 23, 2021, on two counts of invasive visual recording in a bathroom following an investigation by ICE HSI Houston and the Victoria County Sheriff’s Office.

    For more news and information on ICE HSI Houston’s efforts to combat transnational crime in Southeast Texas follow us on X at @HSIHouston.

    MIL OSI USA News –

    February 15, 2025

  • MIL-OSI Australia: First Japanese encephalitis case this summer

    Source: New South Wales Health – State Government

    Japanese encephalitis (JE) virus infection has been identified in a man who likely acquired his infection while camping in the Murrumbidgee region in NSW.
    NSW Health’s Executive Director of Health Protection Dr Jeremy McAnulty said this recent case, who is currently recovering in hospital, is likely to have acquired the infection in late December or early January while holidaying.
    “This case, along with recent detections in pigs and mosquitoes in NSW and detections in Victoria and Queensland, highlights the risk of JE virus infection in a large stretch of NSW west of the Great Dividing Range,” Dr McAnulty said.
    “It is very important for people who live in or travel to these areas to be aware of the elevated risk and to take precautions against mosquito bites. In addition to JE virus, Murray Valley Encephalitis, Kunjin, Ross River, and Barmah Forest viruses can also be spread by mosquito bites.
    “Importantly, there is a safe, effective and free vaccine to protect against JE which is available to anyone who lives or routinely works in various inland LGAs as well as for people who work in some other high-risk occupations.”
    JE vaccine is available through local General Practitioners, Aboriginal health services and pharmacists.
    People who meet the eligibility criteria should make an appointment with their GP, Aboriginal Medical Service or pharmacy and let the provider know it is for the JE vaccine. These providers may require a few days’ notice so they can order the vaccine.
    Actions to prevent mosquito bites include:

    Applying repellent to exposed skin. Use repellents that contain DEET, picaridin, or oil of lemon eucalyptus. Check the label for reapplication times
    Re-applying repellent regularly, particularly after swimming. Be sure to apply sunscreen first and then apply repellent
    Wearing light, loose-fitting long-sleeve shirts, long pants and covered footwear. and socks
    Avoiding going outdoors during peak mosquito times, especially dawn and dusk
    Using insecticide sprays, vapour dispensing units and mosquito coils to repel mosquitoes (mosquito coils should only be used outdoors in well-ventilated areas)
    Covering windows and doors with insect screens and checking there are no gaps
    Removing items that may collect water such as old tyres and empty pots from around your home to reduce the places where mosquitoes can breed
    Using repellents that are safe for children. Most skin repellents are safe for use on children aged three months and older. Always check the label for instructions
    Protecting infants aged less than three months by using an infant carrier draped with mosquito netting, secured along the edges
    While camping, use a tent that has fly screens to prevent mosquitoes entering or sleep under a mosquito net

    Information on eligibility for a free JE vaccine is available on Japanese encephalitis ​vaccination.
    JE virus cannot be transmitted between humans, and it cannot be caught by eating pork or other pig products.
    For further information on JE virus and ways to protect yourself visit Mosquito borne diseases.
    ​

    MIL OSI News –

    February 15, 2025

  • MIL-OSI Australia: School behaviour improving after mobile phone ban and vaping reforms

    Source: Australian Ministers for Education

    As students have returned back to school, new data shows student behaviour has improved after the Albanese Labor Government worked with states and territories to ban mobile phones in schools.

    It’s been one year since phones have been banned or restricted in all public schools, after Education Ministers agreed to put the ban in place from Term 1 2024 and schools are seeing the difference.

    A New South Wales survey shows 87 per cent of students are less distracted in the classroom and 81 per cent of students have seen improved learning, according to almost 1,000 principals.

    In South Australia, there has been a 63 per cent decline in critical incidents involving social media and 54 per cent fewer behavioural issues.

    The Albanese Government’s world-leading vaping reforms are also making a difference in our schools. It’s now been six months since new vaping laws banned the sale of them in corner stores and got rid of flavours like bubble gum and blueberry ice.

    Vaping rates have dropped by a third in 15 to 29-year-olds according to the South Australian Health and Medical Research Institute (SAHMRI) when comparing 2024 to 2023. 

    And suspensions relating to vaping at South Australian schools have dropped by a staggering 50 per cent.

    The latest research from the Cancer Council’s Generation Vape study, also shows the number of young people aged 14 to 17 who vape is in decline.

    These positive school behaviour results come as the Government has also passed legislation last year that will deliver on its commitment to support parents and protect young people by setting a minimum age of 16 years for social media.

    The new laws will come into effect no later than 12 months from 10 December 2024, allowing the necessary time for social media platforms to develop and implement required systems.

    Setting 16 as the minimum age for accessing social media complements the work the Government is doing with states and territories to tackle bullying across the country.

    This work with states and territories is a national effort to deal with bullying in Australian schools and to provide children and parents confidence that no matter where their child goes to school, if they’re experiencing bullying, it will be managed in an appropriate way.

    The Albanese Labor Government is supporting parents, teachers and students in school and at home so every child has a happier, healthier start to life.

    Quotes attributable to Minister for Education Jason Clare:

    “Our ban on mobile phones and our ban on vapes are improving behaviour in classrooms. 

    “Teachers tell me these bans are making a world of difference. 

    “There are less distractions in the classroom and playgrounds are noisy again. Children are being children.

    “This is helping teachers and parents and supporting happier, healthier children.”

    Quotes attributable to Minister for Health Mark Butler:

    “As parents bring their kids back to school for the new school year, they can have confidence, as can teachers and young people themselves, that we have finally turn the corner on the scourge of vaping.

    “This data shows the Albanese Government’s vaping reforms are working to prevent a new generation from becoming addicted to nicotine.”

    Quotes attributable to Minister for Communications Michelle Rowland:

    “The Albanese Government is protecting young Australians from the harms that come with social media, and supporting mums, dads, and carers to keep their kids safe.

    “Keeping children safe is a collective responsibility, and we are stepping up to play our role.

    “We’ve listened to young people, parents and carers, experts and industry in developing these landmark laws to ensure they are centred on protecting young people – not isolating them.

    “We will continue to act in the interests of young people and vulnerable Australians.”

    MIL OSI News –

    February 15, 2025

  • MIL-OSI USA: IAM Union Urges Reinstatement of Illegally Fired Labor Board Member

    Source: US GOIAM Union

    IAM Union is calling on President Trump to immediately reverse his decision and reinstate Gwynne Wilcox to the National Labor Relations Board (NLRB). IAM Union believes this action is critical for ensuring that working Americans receive the full protections they are entitled to under U.S. labor law.

    On Jan. 27, President Trump unlawfully dismissed Wilcox, the first Black woman to serve on the board. This decision was not only a violation of legal processes, but also a direct assault on the rights of American workers.

    TAKE ACTION: Call 866-832-1560 or click here to urge your representatives to support Wilcox’s reinstatement.

    By reducing the NLRB to only two members, the president has effectively crippled the board’s ability to function, leaving workers vulnerable to union-busting tactics and retaliation. 

    “The IAM urges President Trump to reverse the unprecedented and illegal firing of National Labor Relations Board Member Gwynne Wilcox, restore the Board’s independence, and protect workers’ rights,” said IAM International President Brian Bryant in a letter sent to members of Congress.

    Thanks in large part to the IAM’s advocacy, a bipartisan group of 265 lawmakers, including every single U.S. House and Senate Democrat, as well as U.S. Rep. Brian Fitzpatrick (R-Pa.), sent a letter to President Trump urging him to reinstate Wilcox “to restore the NLRB’s ability to protect the rights of American workers to organize and collectively bargain, which have already been impaired by understaffing at the agency and now are effectively lost by the lack of quorum on the NLRB.”

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    MIL OSI USA News –

    February 15, 2025

  • MIL-OSI USA: Deadlines approaching for Promise Scholarship, West Virginia Higher Education Grant Program – West Virginia Higher Education Policy Commission

    Source: US State of West Virginia

    CHARLESTON, W.Va. – The West Virginia Higher Education Policy Commission and Community and Technical College System remind students that the deadlines to apply for the merit-based financial aid program Promise Scholarship and the need-based West Virginia Higher Education Grant Program (HEGP) for the 2025-2026 academic year are quickly approaching. High school seniors may apply for the $5,500 annual Promise award until March 1; and the $3,400 Higher Education Grant annual award until April 15.

    “The Promise Scholarship and Higher Education Grant open doors of opportunity for West Virginia’s students,” said Dr. Sarah Armstrong Tucker, West Virginia’s Chancellor of Higher Education. “I encourage this year’s high school seniors to complete the FAFSA and apply for our state’s financial aid programs, and to reach out to our office for support.”

    “In addition, anyone planning to enroll in college within the next 12 months should file the FAFSA to see if they are eligible for the HEGP,” Chancellor Tucker added. “This includes adult first-time students and those returning to college to retrain.”

    The Promise Scholarship eligibility requirements for the class of 2025 are:

    • ACT: 21 composite score with a minimum of 19 in English, math, science, and reading.
    • SAT: 1080 total score with a minimum of 510 in math, evidence-based reading, and writing.

    The Promise Scholarship application and other eligibility requirements are available at cfwv.com/promise. The Free Application for Federal Student Aid (FAFSA), which is required to access all state and federal financial aid and serves as the application for the HEGP, can be completed online at fafsa.gov.  

    For assistance filing the FAFSA or with applications, students and families are encouraged to call the state’s financial aid hotline at 877-987-7664. Students are also encouraged to sign up for West Virginia’s text-message college counseling program, “Txt 4 Success,” by visiting cfwvconnect.com/txt-4-success/.

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    MIL OSI USA News –

    February 15, 2025

  • MIL-OSI Economics: Plastics Dialogue explores cooperation, standards and harmonization of trade measures

    Source: World Trade Organization

    The five areas previously discussed during the September and October 2024 meetings included enhancing transparency in plastics trade flows, identifying best practices, improving access to relevant technologies and services, building capacity for developing members, and exploring the potential creation of domestic inventories of trade-related plastic measures.

    Three of the co-coordinators — Ecuador, China and Morocco — commended the significant progress made by participating members since 2022. With 82 members now involved, representing over 88% of global plastics trade, support for the Dialogue’s unique position in tackling plastics pollution continues to grow, they said. The co-coordinators underscored the urgency and necessity of the DPP dialogue stressing the shared responsibility of participating members to achieve concrete outcomes.

    Participants received an update on the ongoing UN-led multilateral negotiations on plastics pollution from the Secretariat of the Intergovernmental Negotiating Committee (INC) of the United Nations Environment Programme (UNEP). The update highlighted the significant progress made despite the lack of agreement on the Chair’s proposed text at the end of the fifth negotiation session held in November in Busan, the Republic of Korea. The INC Secretariat emphasized that the Chair’s text laid a strong foundation for future negotiations and called for continued support and input from the DPP,

    Regarding strengthening cooperation on standards for non-plastic substitutes and alternatives, the International Organization for Standardization (ISO) made a presentation on the process of identifying potential gaps in international standards for non-plastic substitutes and alternatives to single-use plastics and packaging. Several entrepreneurs from India, Indonesia and China shared insights on the challenges of certifying non-plastic substitutes and alternatives.

    On greater harmonization of trade-related plastics measures (TrPMs), the WTO Secretariat provided an overview of past technical discussions (INF/TE/IDP/RD/123) and a survey on TrPMs concerning single-use plastics conducted last year (INF/TE/IDP/W/11). Kenya and New Zealand shared their national experiences in addressing trade-related challenges in implementing restrictions on single-use plastic goods.

    Delegates and stakeholders welcomed the diverse insights from both the public and private sectors. They shared broad views on the topics under discussion, including  the possibility of working with ISO to identify gaps in standards for non-plastic substitutes and alternatives, how to address the fragmentation of cross-border standards, and the importance of transparency and sharing best practices. While some delegates emphasized the need for collective action to address single-use plastics by promoting substitutes and alternatives, others stressed the need to assess the environmental, health and economic impacts of these substitute materials. Some delegates also proposed focusing on the waste management and recycling aspects of single-use plastic products.

    Participants suggested potential outcomes for single-use plastic goods at MC14. Some proposed guidelines and voluntary actions to harmonize different standards while ensuring they do not create additional trade barriers. Others emphasized the need to define single-use plastic goods as a crucial first step toward establishing international guidance for trade measures. Some queried whether there was significant convergence to discuss potential outcomes and if it was not too premature to have such discussions.

    In conclusion, Australia, also a co-coordinator of the Dialogue, thanked participants for their valuable insights, particularly the perspectives shared by Asian companies. It expressed interest in further engaging with other regions to explore how trade can support both innovation and environmental objectives.

    Looking ahead, Australia stated that the group plans to consolidate discussions on the eight key focus areas in an upcoming review session scheduled for April or May, with the goal of fostering a “focused, collaborative, and inclusive dialogue” and delivering on the MC13 mandate for “further concrete, pragmatic and effective outcomes”.

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    MIL OSI Economics –

    February 15, 2025

  • MIL-OSI Australia: Supporting Papua New Guinea’s maritime infrastructure growth

    Source: Australian Government – Minister of Foreign Affairs

    The Albanese Government is supporting a $95 million upgrade of Papua New Guinea’s Kimbe Port to improve freight services and resilience to climate change, while fostering economic growth and creating local jobs.

    The upgrade is financed by the Australian Infrastructure Financing Facility for the Pacific (AIFFP), and will involve the demolition and reconstruction of wharf structures and the rehabilitation of existing facilities.

    This project forms part of the broader AIFFP-funded PNG Ports Infrastructure Investment Program, which aims to strengthen connectivity and supply chain efficiency across Papua New Guinea.

    The program, developed in partnership with the PNG Government, will also upgrade Oro Bay, Daru, Lae and Kavieng facilities.

    Pacific Marine Group Pty Ltd has been awarded the contract by PNG Ports Corporation Ltd for Kimbe Port Marine improvement works.

    The Kimbe Port upgrade is supporting local jobs via local construction companies and supply chains, with a minimum target of 30 percent expenditure on local content.

    The works are scheduled to begin in early 2025 and conclude in 2026.

    More information can be found on the AIFFP project page.

    Quotes attributable to Minister for Foreign Affairs Penny Wong:

    “Since the Albanese Government was elected, we have made the Pacific, including our relationship with Papua New Guinea, a priority.

    “Through this project, and the broader Ports Program, we are responding to PNG priorities, and helping our neighbour become more economically resilient and secure.

    “Australia is a trusted partner for major infrastructure projects in the Pacific, with transparent investment to support high quality construction and utilising local labour to create jobs and support the local economy.”

    Quotes attributable to Minister for International Development and the Pacific Pat Conroy:

    “The Albanese Government has been working hard with Pacific nations to shape a peaceful, stable and prosperous Indo-Pacific.”

    “With more than 90 per cent of internationally traded goods in Papua New Guinea transported by sea, maritime infrastructure is critical.”

    “Pacific countries look to us first to support their development and economic needs. Australia is proud to support the re-development of Kimbe Port, particularly as PNG marks the historic milestone of 50 years of independence.”

    MIL OSI News –

    February 15, 2025

  • MIL-OSI: Pinnacle Bankshares Corporation Announces 2024 4th Quarter & Full-Year Earnings

    Source: GlobeNewswire (MIL-OSI)

    ALTAVISTA, Va., Feb. 14, 2025 (GLOBE NEWSWIRE) — Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was $2,800,000, or $1.27 per basic and diluted share, for the fourth quarter of 2024, while net income for the year ended December 31, 2024 was $9,178,000, or $4.15 per basic and diluted share.  In comparison, net income was $2,279,000, or $1.04 per basic and diluted share, and $9,762,000 or $4.45 per basic and diluted share, respectively, for the same periods of 2023.  Consolidated results for 2024 are unaudited.

    2024 4thQuarter & Full-Year Highlights
    Income Statement comparisons are to the 4thQuarter & year ended December 31, 2023
    Balance Sheet, Capital Ratios, and Stock Price comparisons are to December 31, 2023

    Income Statement

    For the 4thQuarter of 2024:

    • Net Income increased $521,000, or 23%, overall and 30% excluding Bank Owned Life Insurance (BOLI) proceeds.* 

    For 2024:

    • Net Income decreased $584,000, or 6%, overall and was approximately equal to 2023 Net Income excluding BOLI proceeds.*
    • Return on Assets was 0.92%.
    • Net Interest Income increased $2.3 million, or 7% while Net Interest Margin expanded to 3.70%.
    • Provision for Credit Losses increased to $752,000 due to loan growth of 11%. Asset Quality remains strong with low Nonperforming Loans and no Other Real Estate Owned (OREO).
    • Noninterest Income increased $499,000, or 7.5%, excluding BOLI proceeds, which was driven by higher fees from Merchant Card Processing and Sales of Mortgage Loans.*
    • Noninterest Expense increased $2.1 million, or 7%, primarily due to higher Core Operating System expenses as well as Salaries and Employee Benefits.

    Balance Sheet

    • Cash and Cash Equivalents increased $20.6 million, or 24%, to $108 million.
    • Loans increased $70.5 million, or 11%, to $712 million.
    • Securities decreased $57.8 million, or 25%, to $176 million due to maturing U.S. Treasury Notes. The Securities Portfolio is relatively short term in nature with $58 million in U.S. Treasury Notes maturing during the first four months of 2025 providing liquidity, funding, and optionality.
    • Total Assets increased $27.5 million, or 3%, to $1.04 Billion.
    • Deposits increased $18.5 million, or 2%, to $951 million with Deposit Accounts growing 4%.
    • As of year-end, Liquidity was strong at 33%, and 12% excluding Available for Sale Securities.

    Capital Ratios & Stock Price

    • The Bank’s Leverage Ratio increased to 9.21% due primarily to profitability, while its Total Risk Based Capital Ratio decreased slightly to 13.52% due to loan growth.
    • Pinnacle’s Stock Price ended the year at $31.20 per share, based on the last trade, which is an increase of $7.19, or 30%. Total Return was 34.11% for 2024.  

    *BOLI proceeds of $779,000 and $725,000 were received during the 4thQuarter of 2024 and 2023, respectively. BOLI proceeds of $779,000 and $1,363,000 were received during full-year 2024 and 2023, respectively.

    Net Income and Profitability

    Net income generated during the fourth quarter of 2024 represents a $521,000, or 23%, increase as compared to the same time period of 2023. Net of BOLI proceeds, net income generated during the fourth quarter of 2024 represents a $467,000, or 30%, increase as compared to the same time period of 2023. The increase was driven by higher net interest income and noninterest income, partially offset by higher noninterest expense and higher provision for credit losses.

    Net income generated for 2024 represents a $584,000, or 6%, decrease as compared to the prior year. Net of BOLI proceeds, net income generated for 2024 and was approximately equal to the prior year.   The overall decrease was driven by higher noninterest expense and provision for credit losses, partially offset by higher net interest income.      

    Profitability as measured by the Company’s return on average assets (“ROA”) decreased to 0.92% for 2024, as compared to 1.00% for the same time period of 2023. Correspondingly, return on average equity (“ROE”) decreased to 12.49% for 2024, as compared to 15.69% for the same time period of 2023.

    “We are pleased with Pinnacle’s 2024 core performance and investments made for our future through market expansion and talent acquisition,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. He further commented, “Our Company continues to perform very well compared to peers and has benefitted from ample liquidity, an expanding net interest margin, and strong asset quality. These factors have contributed to enhanced returns for our shareholders through increased dividends and share price appreciation.”  

    Net Interest Income and Margin

    The Company generated $9,279,000 in net interest income for the fourth quarter of 2024, which represents a $908,000, or 11%, increase as compared to $8,371,000 for the fourth quarter of 2023. Interest income increased $1,514,000, or 14%, due to higher yields on earning assets and increased loan volume, while interest expense increased $606,000, or 23%, due to higher interest rates paid on deposits and increased certificates of deposit volume.

    The Company generated $35,448,000 in net interest income for 2024, which represents a $2,276,000, or 7%, increase as compared to $33,172,000 for 2023. Interest income increased $5,855,000, or 14%, as yield on earning assets increased 54 basis points to 4.98%. Interest expense increased $3,579,000, or 41%, due to higher interest rates paid on deposits as cost to fund earning assets increased 36 basis points to 1.28%. Net interest margin increased to 3.70% for 2024 from 3.52% for 2023.

    Reserves for Credit Losses and Asset Quality

    Provision for credit losses was $356,000 in the fourth quarter of 2024 as compared to $4,000 in the fourth quarter of 2023. For 2024, the provision for credit losses was $752,000 as compared to $70,000 in 2023. Provision expense increased for the quarter and year as a result of higher loan volume.

    The allowance for credit losses (ACL) was $5,084,000 as of December 31, 2024, which represented 0.71% of total loans outstanding.   In comparison, the ACL was $4,511,000 or 0.70% of total loans outstanding as of December 31, 2023. Non-performing loans to total loans decreased to 0.22% as of December 31, 2024, compared to 0.24% as of year-end 2023. ACL coverage of non-performing loans was 321% as of December 31, 2024, compared to 290% as of year-end 2023.   Management views the allowance balance as being sufficient to offset potential future losses in the loan portfolio.

    Noninterest Income and Expense

    Noninterest income for the fourth quarter of 2024 increased $324,000, or 14%, to $2,681,000 as compared to $2,357,000 for the fourth quarter of 2023. The increase was primarily due to a $100,000 increase in fees generated from sales of mortgage loans, a $100,000 increase in other recoveries, a $45,000 increase in BOLI returns, including earlier referenced proceeds, a $23,000 increase in merchant card fees, and a $20,000 increase in service charges on loan accounts.

    Noninterest income for 2024 decreased $85,000, or 1%, to $7,879,000 as compared to $7,964,000 for 2023. The slight decrease was mainly due to a $538,000 decrease in BOLI returns, including earlier referenced proceeds, and a $106,000 decrease in interchange fees. These decreases were partially offset by a $153,000 increase in fees generated from the sale of mortgage loans, a $126,000 increase in merchant card fees, a $98,000 increase in other recoveries, a $63,000 increase in nonsufficient funds and other deposit service charges, a $58,000 increase in service charges on loan accounts, and a $53,000 increase in commissions and fees from sales of investment and insurance products. Excluding BOLI proceeds, noninterest income increased $499,000, 7.5%, year-over-year.

    Noninterest expense for the fourth quarter of 2024 increased $280,000, or 3%, to $8,373,000 as compared to $8,093,000 for the fourth quarter of 2023. The increase was primarily due to a $310,000 increase in salaries and employee benefits, a $75,000 increase in occupancy expense, and a $24,000 increase in dealer loan expense partially offset by a $293,000 decrease in core operating system expenses.

    Noninterest expense for 2024 increased $2,137,000, or 7%, to $31,417,000 as compared to $29,280,000 for 2023. The increase was mainly due to a $758,000 increase in salaries and employee benefits, a $401,000 increase in core operating system expenses, a $213,000 increase in occupancy expense, a $210,000 in other losses, and a $133,000 increase dealer loan expenses.  

    The Balance Sheet and Liquidity

    Total assets as of December 31, 2024, were $1,043,994,000, up $27,465,000, or 3%, from $1,016,528,000 as of December 31, 2023. The principal components of the Company’s assets as of December 31, 2024, were $711,918,000 in total loans, $175,816,000 in securities, and $108,213,000 in cash and cash equivalents. For 2024, total loans increased $70,481,000, or 11%, from $641,437,000, securities decreased $57,762,000, or 25%, from $233,579,000, and cash and cash equivalents increased $20,624,000, or 24%, from $87,589,000.  

    The majority of the Company’s securities portfolio is relatively short-term in nature with forty-nine percent (49%) invested in U.S. Treasury Notes having an average maturity of less than a year with $58,000,000 maturing during the first four months of 2025. The Company’s entire securities portfolio was classified as available for sale on December 31, 2024, which provides transparency regarding unrealized losses. Unrealized losses associated within the available for sale securities portfolio were $11,817,000 as of December 31, 2024, or six percent (6%) of book value, an improvement from $14,943,000 as of December 31, 2023.

    The Company had a strong liquidity ratio of 33% as of December 31, 2024. The liquidity ratio excluding the available for sale securities portfolio was 12% providing the opportunity to sell excess funds at an attractive federal funds rate. The Company has access to multiple liquidity lines of credit through its correspondent banking relationships and the Federal Home Loan Bank. None of these contingency funding sources have been utilized.

    Total liabilities as of December 31, 2024 were $965,608,000, up $17,485,000, or 2%, from $948,123,000 as of December 31, 2023, as deposits increased $18,475,000, or 2%, in 2024 to $950,919,000 from $932,444,000. First National Bank’s number of deposit accounts increased 4% during the same time period as the Bank has benefited from the closures of large national bank branches and bank mergers within markets served along with its reputation for providing extraordinary customer service.

    Total stockholders’ equity as of December 31, 2024 was $78,386,000 and consisted primarily of $69,035,000 in retained earnings. In comparison, as of December 31, 2023 total stockholders’ equity was $68,405,000. The increase is due primarily to 2024 profitability and an increase in the market value of the securities portfolio and pension assets.   Both the Company and Bank remain “well capitalized” per all regulatory definitions.

    New Full Service Branch in South Boston

    On January 2, 2025, First National Bank opened a full service branch at 4027 Halifax Road, South Boston, Virginia. This is in addition to the Bank opening a Loan Production Office (LPO) at 97A Main Street, South Boston, Virginia in the third quarter of 2024. We have had great response from the South Boston and Halifax community and look forward to servicing customers with a community bank approach.

    Company Information

    Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. A Loan Production Office and a full-service branch have recently been opened in the South Boston area of Halifax County. First National Bank is in its 117th year of operation.         

    Cautionary Statement Regarding Forward-Looking Statements

    This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management’s expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.

    Selected Financial Highlights are shown on the next page.

    Pinnacle Bankshares Corporation
    Selected Financial Highlights
    (12/31/2024 and 9/30/24 results unaudited)
    (In thousands, except ratios, share, and per share data)
     
      3 Months Ended
    		   3 Months Ended
    		   3 Months Ended
    		  
    Income Statement Highlights 12/31/2024
    		   9/30/2024
    		   12/31/2023
    		  
    Interest Income $ 12,543   $ 12,262   $ 11,029  
    Interest Expense   3,264     3,321     2,658  
    Net Interest Income   9,279     8,941     8,371  
    Provision for Credit Losses   356     136     4  
    Noninterest Income   2,681     1,763     2,357  
    Noninterest Expense   8,373     7,961     8,093  
    Net Income   2,800     2,085     2,279  
    Earnings Per Share (Basic)   1.27     0.94     1.04  
    Earnings Per Share (Diluted)   1.27     0.94     1.04  
           
      Year Ended
    		   Year Ended
    		   Year Ended
    		  
    Income Statement Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Interest Income $ 47,743   $ 41,888   $ 31,788  
    Interest Expense   12,295     8,716     1,348  
    Net Interest Income   35,448     33,172     30,440  
    Provision for Credit Losses   752     70     190  
    Noninterest Income   7,879     7,964     7,023  
    Noninterest Expense   31,417     29,280     27,237  
    Net Income   9,178     9,762     8,242  
    Earnings Per Share (Basic)   4.15     4.45     3.78  
    Earnings Per Share (Diluted)   4.15     4.45     3.78  
           
    Balance Sheet Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Cash and Cash Equivalents $ 108,213   $ 87,589   $ 36,521  
    Total Loans   711,918     641,437     632,896  
    Total Securities   175,816     233,579     251,114  
    Total Assets   1,043,994     1,016,528     969,931  
    Total Deposits   950,919     932,444     899,238  
    Total Liabilities   965,608     948,123     912,923  
    Stockholders’ Equity   78,386     68,405     57,008  
    Shares Outstanding   2,212,270     2,198,158     2,178,486  
           
    Ratios and Stock Price 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Gross Loan-to-Deposit Ratio   74.87 %   68.79 %   70.38 %
    Net Interest Margin (Year-to-date)   3.70 %   3.52 %   3.18 %
    Liquidity   32.60 %   37.27 %   32.68 %
    Efficiency Ratio   72.49 %   71.20 %   72.71 %
    Return on Average Assets (ROA)   0.92 %   1.00 %   0.82 %
    Return on Average Equity (ROE)   12.49 %   15.69 %   14.62 %
    Leverage Ratio (Bank)   9.21 %   8.82 %   8.06 %
    Tier 1 Capital Ratio (Bank)   12.81 %   12.98 %   12.03 %
    Total Capital Ratio (Bank)   13.52 %   13.67 %   12.63 %
    Stock Price $ 31.20   $ 24.01   $ 19.20  
    Book Value $ 35.43   $ 31.12   $ 26.17  
           
           
    Asset Quality Highlights 12/31/2024
    		   12/31/2023
    		   12/31/2022
    		  
    Nonaccruing Loans $ 1,582   $ 1,557   $ 1,561  
    Loans 90 Days or More Past Due and Accruing   0     0     221  
    Total Nonperforming Loans   1,582     1,557     1,782  
    Loan Modifications   109     357     1,056  
    Loans Individually Evaluated   2,010     2,287     2,884  
    Other Real Estate Owned (OREO) (Foreclosed Assets)   0     0     0  
    Total Nonperforming Assets   1,582     1,557     1,782  
    Nonperforming Loans to Total Loans   0.22 %   0.24 %   0.28 %
    Nonperforming Assets to Total Assets   0.15 %   0.15 %   0.18 %
    Allowance for Credit Losses $ 5,084   $ 4,511   $ 3,853  
    Allowance for Credit Losses to Total Loans   0.71 %   0.70 %   0.61 %
    Allowance for Credit Losses to Nonperforming Loans   321 %   290 %   216 %


    CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or     bryanlemley@1stnatbk.com

    The MIL Network –

    February 15, 2025

  • MIL-OSI USA: As Tax Season Ramps Up, Warren, Cassidy Renew Effort to Simplify IRS Error Notices for Taxpayers

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 14, 2025

    Bill Text (PDF) | Bill One-Pager (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) reintroduced the Internal Revenue Service Math and Taxpayer Help (IRS MATH) Act, a bill to improve math error notices — an Internal Revenue Service (IRS) authority used to quickly adjust taxpayers’ returns. 

    Representatives Brad Schneider (D-Ill.) and Randy Feenstra (R-Iowa) recently reintroduced the bill in the House, and the bill passed unanimously out of the U.S. House Ways and Means Committee during markup on February 12, 2025.

    Each year, the IRS sends millions of Americans math error notices, expedited adjustments to tax returns that contain simple math or clerical errors. These “vague and confusing” notices often list several potential errors that may have been made rather than specifying the exact issue leading to a refund being reduced. The notices also fail to explain that taxpayers have only 60 days to challenge the IRS’s position and fail to explain how taxpayers can contest these notices, causing many taxpayers to forfeit their right to challenge the adjustments.

    The lawmakers hope to improve this unworkable system to help taxpayers, especially low-income and non-English speaking Americans, who cannot afford lawyers to help them navigate the complicated correspondence process. The Math ACT was included in the Senate Finance Committee’s discussion draft of bipartisan legislation that aims to reform IRS administration and procedure. 

    “IRS communications to taxpayers should be clear and easy to understand,” said Senator Warren. “This bipartisan bill will reform notoriously confusing error notices so that hardworking Americans can get the money they’re entitled to quickly and fairly.”

    “Taxes are already complicated, and the last thing Americans need is more confusion,” said Dr. Cassidy. “We’re making sure the IRS does its part to inform taxpayers when they correct inevitable errors made on tax returns.”

    “If the IRS finds a mistake on a tax return, this agency should be required to clearly communicate that error to the taxpayer and explain why a tax refund is higher or lower than expected. That’s why I’m glad to introduce legislation to ensure that the IRS clearly spells out errors on tax forms and helps taxpayers not only understand the mistake but also challenge it if they see fit,” said Representative Feenstra. “Filing taxes is already burdensome and time-consuming. We can improve customer service by instituting open and transparent communication between the IRS and the taxpayer when a tax error is identified.”

    Senators Warren and Cassidy initially introduced the bill in 118th Congress. 

    The IRS MATH Act reforms the math error process by:

    • Directing the IRS to improve notices of math or clerical errors, requiring that notices:  
      • Identify the line item the IRS is changing; 
      • Explain the reason for the change, and; 
      • Clearly list the taxpayer’s required response date.
    • Requiring that the IRS notify the taxpayer of abatement determinations.
    • Requiring the Treasury Secretary to provide additional procedures for requesting an abatement of a math or clerical error adjustment, including by telephone or in person.
    • Creating a pilot program coordinated by the IRS and National Taxpayer Advocate to determine the benefit of sending math or clerical error notices by certified or registered mail.

    Senator Warren has, throughout her career, advocated for low-income taxpayers and for improved IRS procedures: 

    • In January 2025, Senator Elizabeth Warren (D-Mass.) led over 135 members of Congress in writing to Treasury Secretary-Designate Scott Bessent and Internal Revenue Services’ (IRS) Commissioner-Designate Billy Long, urging them to maintain and expand the IRS’ Direct File program. 
    • In October 2024, Senators Elizabeth Warren, Ron Wyden (D-Ore.), and Representative Katie Porter (D-Calif.) wrote to the Department of the Treasury and the Internal Revenue Service urging the agencies to make the Direct File tax filing program more secure and accessible by ending reliance on ID.me, which uses a flawed facial recognition software.
    • In April 2024, following the 2024 tax filing deadline, at a hearing of the U.S. Senate Committee on Finance, Senator Elizabeth Warren questioned IRS Commissioner Daniel I. Werfel, on the IRS’s use of Inflation Reduction Act funds to successfully pilot a Direct File program, a first-of-its-kind option for Americans in twelve states to be able to file their taxes online directly with the IRS, easily and for free.
    • In April 2024, Senator Warren and colleagues applauded the success of Direct File’s Pilot during the 2024 tax filing season, highlighting rave reviews, millions of dollars in refunds claimed and filing fees saved.
    • In April 2024, Senator Warren sent a letter to Chair Lina M. Khan of the Federal Trade Commission (FTC), blasting Intuit, the maker of TurboTax, for continuing to relentlessly upsell TurboTax users despite numerous FTC and state lawsuits and settlements. Senator Warren applauded the FTC’s oversight of Intuit, and urged the Commission to continue to take action to protect taxpayers from tax preparation companies that pile junk fees onto users.
    • In March 2024, Senator Warren celebrated the successful launch of the IRS’s Direct File pilot.
    • In March 2024, Senator Warren highlighted the positive feedback that the IRS’s Direct File pilot in 12 states has received from taxpayers and asked Secretary of the Treasury Janet Yellen to commit to expanding and extending the program in 2025 if positive feedback continues, which Yellen agreed to. 
    • In February 2024, Senators Warren, Blumenthal, Sanders, and Representative Porter sent a response to Intuit, blasting the company for its failure to answer basic questions the lawmakers asked in their January 2, 2024 letter seeking an accounting of the expenses underlying the company’s massive federal research tax breaks.
    • In January 2024, Senators Warren, Blumenthal (D-Conn.), and Bernie Sanders (I-Vt.), and Representative Katie Porter (D-Calif.) sent a letter to Intuit requesting a full accounting of the expenses underlying the company’s massive federal research tax breaks by January 16, 2024. Intuit disclosed that it received $94 million in federal research tax credits in 2022, while simultaneously spending millions lobbying against the establishment of a free program for Americans to file their taxes online. 
    • In October 2023, Senators Warren, Ron Wyden (D-Ore.), Chair of the Senate Finance Committee, Blumenthal, Tammy Duckworth (D-Ill.), Sanders, Sheldon Whitehouse (D-R.I.), and Representative Porter sent letters to five tax preparation companies—H&R Block, TaxAct, TaxSlayer, Ramsey Solutions, and Intuit—that recently received notices of penalty offenses from the Federal Trade Commission (FTC) regarding the misuse of taxpayer’s sensitive and confidential information. 
    • In October 2023, Senators Warren and Patty Murray (D-Wash.), Chair of the Senate Appropriations Committee, and Representatives Porter, Brad Sherman (D-Calif.), and Don Beyer (D-Va.) released a statement supporting the U.S. Department of Treasury and the Internal Revenue Service (IRS) joint announcement of their 2024 pilot of Direct File, a program that allows Americans to file tax returns digitally and free of charge. The lawmakers acknowledged the Inflation Reduction Act’s role in the program’s development, and stated their intention to support the IRS’s efforts to develop and expand the Direct File pilot. 
    • In August 2023, Senator Warren and Representative Porter sent a letter to the Free File Alliance, the American Coalition for Taxpayer Rights, Intuit, and H&R Block admonishing the companies’ relentless lobbying against the Internal Revenue Service’s (IRS) direct free filing tool. 
    • In July 2023, Senators Warren, Wyden, Blumenthal, Duckworth, Sanders, and Whitehouse and Representative Porter released a report revealing the outrageous, extensive, and potentially illegal sharing of taxpayers’ sensitive personal and financial information with Meta by online tax preparation companies. The lawmakers also sent a letter to the IRS, the Treasury Inspector General for Tax Administration, the Federal Trade Commission, and the Department of Justice highlighting their key findings and calling on these departments to fully investigate this matter and prosecute any company or individuals who violated the law.
    • In June 2023, Senators Warren and Tom Carper (D-Del.) and Representatives Sherman, Porter, and Beyer, led a coalition of 99 Democratic lawmakers in a letter to IRS Commissioner Daniel Werfel and Deputy Treasury Secretary Adewale Adeyemo, applauding the IRS’s announcement of a pilot of a free tax filing tool next year.
    • In May 2023, Senator Warren’s call for a Free E-File Program was finally answered by the IRS through the Inflation Reduction Act .
    • In April 2023, Senators Warren and Carper led 29 other senators in a letter to the IRS Commissioner, urging the agency to simplify the tax process and broaden access to free e-filing options.
    • In April 2023, at a hearing of the Senate Finance Committee, Senator Warren questioned the IRS Commissioner about the agency’s failed Free-File partnership with private tax preparation software companies and called on the agency to implement a direct E-File program. 
    • In December 2022, Senators Warren and Wyden and Representatives Porter and Sherman sent letters to tax preparation companies H&R Block, TaxAct, and TaxSlayer, plus big tech firms Meta and Google, amid reports that the tax preparation companies have been secretly transmitting individual taxpayers’ sensitive financial information to Meta and Google
    • In August 2022, Senator Warren highlighted key priorities she secured in the Senate’s Inflation Reduction Act, including establishing an IRS task force to look into developing and running an IRS-run free direct E-File tax return system, based on Senator Warren’s Tax Filing Simplification Act. 
    • In July 2022, Senator Warren led 22 lawmakers to introduce the Tax Filing Simplification Act of 2022, legislation that would direct the IRS to develop its own free online tax preparation and filing service that would simplify the tax filing process for millions of Americans. 
    • In June 2022, at a hearing of the Senate Finance Committee, Secretary of Treasury Janet Yellen agreed with Senator Warren on the need to create a free tax filing system that actually works for Americans. 
    • In June 2022, Senator Warren and Representatives Porter and Sherman sent a letter to Richard K. Delmar, Acting Treasury Department Inspector, General, J. Russell George, Treasury Inspector General for Tax Administration, and Andrew Katsaros, Acting Inspector General at the Federal Trade Commission, regarding troubling reports of Intuit’s abuse of the revolving door and the company’s hiring of former federal regulators and influence-peddlers to defend its shady business practices. In the letter, which is a follow up to the prior April 2022 letter, the lawmakers call out Intuit for forcing American taxpayers into paying for services that should be free, and request an in-depth investigation into the company and its use of the revolving door to influence policy decisions at those agencies. 
    • In April 2022, Senator Warren and Representatives Sherman and Porter sent a letter to Intuit regarding the company’s unethical use of the revolving door to hire former regulators to defend their shady business practices that scam taxpayers out of billions of dollars. In June 2022, the lawmakers sent a follow-up.
    • In February 2022, Senator Warren and Representative Pramila Jayapal (D-Wash.) sent a letter to the Acting Inspector General of the Department of Treasury and the Treasury Inspector General for Tax Administration, calling on them to open an investigation into the unethical revolving door between the world’s largest accounting firms and the Treasury Department and IRS. 
    • In February 2022, Senator Warren made the case for increased funding for the Internal Revenue Service (IRS) through the Build Back Better Act and called on the administration to create the simplified filing tools proposed in her Tax Filing Simplification Act. 

    MIL OSI USA News –

    February 15, 2025

  • MIL-OSI Global: White Lotus does Thailand dirty

    Source: The Conversation – UK – By Andrew Russell, Lecturer, Faculty of Creative & Cultural Industries, University of Portsmouth

    Did you hear? There’s been another murder at a White Lotus hotel, this time the one in Thailand.

    Back for its third season, Mike White’s critically acclaimed and Emmy award-winning tragi-comedy series follows the terrible exploits of the White Lotus’s rich, primarily white holidaymakers, alongside the local employees.

    There is social satire, a lot of drama and always a death in paradise. In the first season there was death in Hawaii; the second in Sicily, Italy, and now, in the third, there’s death in Koh Samui.

    As someone who has researched on screen representations of Thailand I was intrigued to see how the show handled this locale. Disappointingly, the exoticness and beauty of Thailand is foregrounded, as is the mysticism of Buddhism.

    The series follows four groups of people, the majority of whom the audience are made to feel repulsed by in some way.

    The first is the Ratliff family. There’s father, Timothy (Jason Isaacs) who works in finance and mother, Victoria (Parker Posey), whose anxiety means she is heavily medicated and constantly falling asleep. Then the kids: daughter, Piper (Sarah Catherine Hook) who is studying Buddhism; son Lochlan (Sam Nivola) who has poor posture from being glued to his computer; and Saxon (Patrick Schwarzenegger), the eldest of the three, whose primary focus is having sex.

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    The second group is three middle-aged women who are on a “girls’ holiday” who abandon their inhibitions as the series progresses. They are routinely referred to as cougars by Saxon. Then there is odd couple Chelsea (Aimee Lou Wood) and her older partner Rick (Walton Goggins), who seem to be going through a rocky patch.

    The one likeable person, Belinda (Natasha Rothwell), is a character previously seen working in the spa in the first season’s Hawaiian resort. She’s in Thailand on a research trip for her own wellbeing business.

    Terrible people

    As with previous series, the ignorance of the holidaymakers is clear. Thailand is referred to as Taiwan. Piper is told by her mother that she can’t possibly be a Buddhist because she isn’t Chinese. The stereotype of the older, rich, bald white male – referred to here as LBHs (losers back home) – who retires to Thailand with a much younger wife is hammered home in various episodes.

    Through these guests’ continued cultural ignorance and insensitivity, the few Thai characters we are introduced to are subservient and constantly smiling, always there to please. There’s never a sense of disgust at the exploits of the rich white customers. They are voiceless and for the most part, absent.

    Belinda, the only black character, is also the only one who converses in any meaningful way with a Thai person. The only sort of story that gives any space to Thai characters is about a blossoming love between the security guard Gaitok (Tayme Thapthimthong) and health expert Mook (Lalisa Manoban), but this is sidelined.

    There is a clear cultural, economic and racial split presented, one that fails to allow any Thai character the ability to air their criticisms of the guests or to be developed in a meaningful way. In the main, the focus is on whiteness – a criticism previous series have also garnered.

    An imaginary Thailand

    All these facets together create a version of Thailand that is seen through the lens of orientalism. This is a western way of looking at non-western places as full of mysticism, eroticism and exoticness, where nothing normal occurs.

    This lens is foregrounded by characters constantly saying things like: “Thailand is full of people either looking for something or hiding from something”, and “Whatever happens in Thailand, stays in Thailand”.

    There is a constant flow of alcohol, and drugs can be procured away from the resort. Incest is even hinted at in the first few episodes as the audience are shown Lochlan gazing upon the naked body of his brother. The country is portrayed as a playground for white debauchery, where anything goes – much like in The Hangover part II (2011), a trope I have written about in my research.

    The link to orientalism is further enhanced by the way in which Thai religion is shown as being mystical. Anytime a character engages in a spiritual practice it is accompanied by a tinkling score indicating something otherworldly is occurring. This isn’t limited to Western characters. When Gaitok, makes an offering at a shrine the visuals are presented in slow motion as candlelight flickers with a mythical aura pervading.

    The previous seasons have seen a boom in travel to filming locations in Sicily and Hawaii, driven by their onscreen depictions), and this season’s Thailand setting will likely lead to the same.

    The landscape is a constant focal point, exemplifying the British sociologist John Urry’s theory of the “tourist gaze”. Exotic portions of the landscape are lingered upon, from the jungle and palm trees to ocean vistas. Monkeys are continuously seen, alongside other “exotic” creatures.

    This is a recurring trait seen in Hollywood films set in Thailand, from Anna and the King of Siam (1946) to The Impossible (2012), situating it purely as an exotic locale.

    This series uses iconic tourist locations, such as the Buddhist temple Wat Pho which forms the background for a conversation in one scene. Also, what appears to be the Phi Phi Islands, known for their pristine beaches and clear waters, drift past during a luxury yacht trip. Sadly, Thailand in this series is reduced to a digestible set of iconic images for the audience.

    White Lotus engages in a double game. The series is clearly critical of the characters, presenting lifestyle and holidays as desirable and aspirational, all the while reinforcing antiquated orientalist stereotypes itself. You would hope a show trying to show the evils of a certain kind of tourism wouldn’t also be guilty of the thing it’s attempting to lampoon.

    Andrew Russell 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. White Lotus does Thailand dirty – https://theconversation.com/white-lotus-does-thailand-dirty-249812

    MIL OSI – Global Reports –

    February 15, 2025

  • MIL-OSI Global: Apple Cider Vinegar: how social media gave rise to fraudulent wellness influencers like Belle Gibson

    Source: The Conversation – UK – By Stephanie Alice Baker, Reader (Associate Professor) in Sociology, City St George’s, University of London

    This article contains spoilers for Apple Cider Vinegar.

    The new Netflix series Apple Cider Vinegar tells the story of wellness influencer Belle Gibson, who built a loyal following on social media by documenting her cancer journey online. But in 2015, Gibson was exposed as a fraud. She never had cancer, and lied about donating funds to charities and ill children.

    The series documents Gibson’s rise to fame and subsequent downfall, portraying some of the psychological factors that influenced her deceit. But this scandal also illustrates a larger story about the conditions that enable cancer frauds such as Gibson to gain credibility and influence online.

    The 2000s were characterised by the “blogging revolution” – a shift in how people produced and consumed information. Blogs enabled content creators to share their lives and experiences publicly, and engage directly with their readers. Niche communities formed around common interests ranging from health to heartbreak.

    Gibson capitalised on this trend, creating a blog called The Whole Pantry where she documented her alleged journey battling a rare form of terminal brain cancer. She claimed on her blog to have decided to reject conventional cancer treatments.

    Instead, Gibson expressed that she was empowered to heal herself naturally through nutrition, determination and love – as well as alternative medicine including Ayurvedic treatments, craniosacral therapy, oxygen therapy and colonics.

    The blog was developed into an app in 2013 and a book in 2014 – with Gibson’s story being legitimised by a reputable publisher and brands, then further fuelled by her social media presence.

    Gibson’s primary platform of communication was Instagram. She used the photo-and-video sharing app to build and engage with her followers through inspirational quotes, personal anecdotes and evocative photographs. Lifestyle and wellness influencers typically earn trust and intimacy by presenting themselves as authentic, accessible – and autonomous from state and corporate interests.

    A quote from Gibson’s book, also called The Whole Pantry, encapsulates the way she executed this strategy to appeal to online followers. She wrote: “Too many people over-edit themselves. There’s not enough honesty out there. It’s human to feel sick, to ask questions, to search for answers … Never refine yourself in a way which takes away your heart, message and truest self.”

    This persona allowed Gibson not only to achieve fame online, but to establish a parasocial relationship with her followers by distancing herself from the medical establishment, appearing relatable and unfiltered in her exchanges with followers.

    The mass media has long been recognised as facilitating parasocial relationships: emotional and imaginary bonds that, despite feeling real, tend to be one-dimensional and one-sided. The original parasocial relationships were formed with media figures such as news anchors, radio hosts, and film and pop stars.

    Today, content creators on social media are the primary influencers. Although these relationships are typically one-sided, they can still feel intimate and real.

    The role of the wellness industry

    In the aftermath of the scandal, people searched for who to blame. Fingers were pointed at the press for glamorising Gibson, as well as a publisher and other companies that failed to adequately fact-check Gibson’s claims.

    Criticism was also directed at the wellness industry for peddling misinformation and pseudoscience.

    There’s an assumption that wellness is mainly a female pursuit – and the Netflix series follows several female wellness influencers who have built brands around their illness and disease.

    In fact, the gendered dimensions of wellness are more complicated. The original founders of the wellness movement were male. Although many struggled to commodify wellness, they increasingly tapped into a market of women, many of whom felt justifiably unheard and overlooked by health professionals.

    There’s an irony that Gibson’s wellness brand went by the Instagram handle “healing_belle”. Part of the success of the wellness industry today is derived from promising miracle cures and remedies for various forms of illness and disease. Many wellness influencers have built successful brands by commodifying health and wellbeing.

    This is a far cry from the movement’s origins and the more positive conception of health they sought to establish – which aimed to operate in conjunction with medicine, rather than against it.

    Gibson rose to fame in a climate of low institutional trust, where her lived experience was valued over institutional expertise. Similar to many alt-health influencers, her suspicion of conventional medicine resulted in controversial claims about vaccination, and the benefits of Gerson therapy – a regimen that claims to cure cancer through a special diet, supplements and enemas – and raw milk.

    It was by documenting the negative side effects of chemotherapy and radiotherapy in her book that Gibson was able to present her lifestyle and lived experience as a hopeful alternative path to healing.

    After she was convicted of misleading and deceptive conduct in 2017 and ordered by the Federal Court of Australia to pay a fine of AUS$410,000 (£206,000), one might have expected to see a decrease in cancer frauds, given the global publicity this scandal attracted.

    Instead, other high-profile cases of content creators peddling cancer misinformation on short video platforms have emerged at an alarming rate – often using social media to monetise fake miracle cures, from apricot kernels to soursop tea.

    Short-form video platforms such as TikTok, Instagram Reels and YouTube Shorts have changed the dynamics of fame. Algorithms are central to the user experience on these apps, allowing relatively unknown content creators to gain visibility and attention online.

    Whereas Gibson spent years cultivating a following online, today a content creator with only a handful of followers can upload an engaging video and achieve millions of views.

    The technologies have changed, but there is an industry of content creators profiting from misleading and harmful advice. The prevalence of cancer misinformation online highlights that the problem runs much deeper than the case of Gibson, as told in Apple Cider Vinegar.

    Stephanie Alice Baker 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. Apple Cider Vinegar: how social media gave rise to fraudulent wellness influencers like Belle Gibson – https://theconversation.com/apple-cider-vinegar-how-social-media-gave-rise-to-fraudulent-wellness-influencers-like-belle-gibson-249432

    MIL OSI – Global Reports –

    February 15, 2025

  • 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

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    Date published
    Friday 14 February 2025

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    MIL OSI United Kingdom –

    February 15, 2025

  • 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 –

    February 15, 2025

  • MIL-OSI Australia: European Commission Approves CSL and Arcturus Therapeutics’ KOSTAIVE®, the First Self-amplifying mRNA COVID-19 Vaccine

    Source: CLS Limited

    European Commission Approves CSL and Arcturus Therapeutics’ KOSTAIVE®, the First Self-amplifying mRNA COVID-19 Vaccine

    – KOSTAIVE represents a significant advancement in vaccine technology, demonstrating superior immunogenicity and antibody persistence for up to 12 months post-vaccination compared to conventional mRNA COVID-19 vaccines in clinical trials

    WALTHAM, Mass. and SAN DIEGO, Feb. 14, 2025 /PRNewswire/ — Global biotechnology leader CSL (ASX: CSL; USOTC: CSLLY) and sa-mRNA pioneer Arcturus Therapeutics (Nasdaq: ARCT) today announced that the European Commission has granted marketing authorization for KOSTAIVE ® (ARCT-154), a self-amplifying mRNA COVID-19 vaccine, for individuals 18 years and older. KOSTAIVE is the first sa-mRNA COVID-19 vaccine to receive approval from the European Commission (EC). KOSTAIVE is currently marketed in Japan against COVID-19.

    The European Commission approval follows a positive opinion adopted by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) on December 12, 2024. The centralized marketing authorization of KOSTAIVE is valid in all EU member states and in the EEA countries.

    “The European Commission’s approval marks a significant milestone in our ongoing development program for KOSTAIVE,” said Jonathan Edelman, MD, Senior Vice President of the Vaccines Innovation Unit, CSL. “We are actively working to optimize KOSTAIVE’s formulation to better meet the needs of healthcare professionals and their patients. As COVID-19 remains an unpredictable global threat, CSL is dedicated to completing these technical enhancements and making this innovative vaccine available in Europe as soon as possible.”

    The approval is based on positive clinical data from several studies, including an integrated phase 1/2/3 study demonstrating KOSTAIVE’s efficacy and tolerability, and Phase 3 COVID-19 booster trials, which achieved higher immunogenicity results compared to a conventional mRNA COVID-19 vaccine comparator. A follow-up analysis evaluating a booster dose of KOSTAIVE also showed that the vaccine elicited superior immunogenicity and antibody persistence for up to 12 months post-vaccination against multiple SARS-CoV-2 strains in both younger and older adult age groups versus the same mRNA comparator.

    “KOSTAIVE and sa-mRNA technology signify a major advancement in vaccine innovation, providing the potential for broader and more enduring protection,” said Joseph Payne, CEO of Arcturus. “This approval highlights the clinical promise of KOSTAIVE and its ability to protect against the ever-changing COVID-19 virus.”

    About sa-mRNA
    mRNA vaccines help protect against infectious diseases by providing a blueprint for cells in the body to make a protein to help our immune systems recognize and fight the disease. Unlike standard mRNA vaccines, self-amplifying mRNA vaccines instruct the body to make more mRNA and protein to boost the immune response.

    About CSL
    CSL (ASX: CSL; USOTC: CSLLY) is a global biotechnology company with a dynamic portfolio of lifesaving medicines, including those that treat haemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency and nephrology. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL – including our three businesses: CSL Behring, CSL Seqirus and CSL Vifor – provides lifesaving products to patients in more than 100 countries and employs 32,000 people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest. For inspiring stories about the promise of biotechnology, visit CSLBehring.com/Vita and follow us on Twitter.com/CSL. 

    For more information about CSL, visit www.CSL.com.

    About Arcturus
    Founded in 2013 and based in San Diego, California, Arcturus Therapeutics Holdings Inc. (Nasdaq: ARCT) is a commercial mRNA medicines and vaccines company with enabling technologies: (i) LUNAR® lipid-mediated delivery, (ii) STARR® mRNA Technology (sa-mRNA) and (iii) mRNA drug substance along with drug product manufacturing expertise. Arcturus developed KOSTAIVE®, the first self-amplifying messenger RNA (sa-mRNA) COVID vaccine in the world to be approved. Arcturus has an ongoing global collaboration for innovative mRNA vaccines with CSL Seqirus, and a joint venture in Japan, ARCALIS, focused on the manufacture of mRNA vaccines and therapeutics. Arcturus’ pipeline includes RNA therapeutic candidates to potentially treat ornithine transcarbamylase (OTC) deficiency and cystic fibrosis (CF), along with its partnered mRNA vaccine programs for SARS-CoV-2 (COVID-19) and influenza. Arcturus’ versatile RNA therapeutics platforms can be applied toward multiple types of nucleic acid medicines including messenger RNA, small interfering RNA, circular RNA, antisense RNA, self-amplifying RNA, DNA, and gene editing therapeutics. Arcturus’ technologies are covered by its extensive patent portfolio (over 400 patents and patent applications in the U.S., Europe, Japan, China, and other countries). For more information, visit www.ArcturusRx.com. In addition, please connect with us on Twitter and LinkedIn.

    Forward-Looking Statements
    This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact included in this press release, are forward-looking statements, including those regarding strategy, future operations, the likelihood of success (including safety, efficacy and commercialization) of KOSTAIVE, the likelihood that clinical results received to date will be predictive of future clinical results of protection against changing virus variants, the likelihood of optimizing KOSTAIVE’s formulation and completing technical enhancements, and the impact of general business and economic conditions. Arcturus may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in any forward-looking statements such as the foregoing and you should not place undue reliance on such forward-looking statements. These statements are only current predictions or expectations, and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements, including those discussed under the heading “Risk Factors” in Arcturus’ most recent Annual Report on Form 10-K, and in subsequent filings with, or submissions to, the SEC, which are available on the SEC’s website at www.sec.gov. Except as otherwise required by law, Arcturus disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise.

    CSL Media Contacts:
    Sue Thorn, CSL
    Mobile : +1 617-799-3151 
    Email: Sue.Thorn@cslbehring.com

    Em Dekonor, CSL Seqirus
    Mobile: +44 (0)7920500496
    Email: Emmanuella.Dekonor@seqirus.com

    In Australia:
    Jimmy Baker, CSL
    Mobile: +61 450 909 211
    Email: Jimmy.Baker@csl.com.au

    Investor Inquiries:
    Chris Cooper, CSL
    Mobile: +61 455 022 740
    Email:  Chris.Cooper@csl.com.au

    Arcturus Media Contact: 
    Public Relations & Investor Relations 
    Neda Safarzadeh 
    VP, Head of IR/PR/Marketing 
    (858) 900-2682 
    IR@ArcturusRx.com

    SOURCE CSL

    MIL OSI News –

    February 15, 2025

  • MIL-OSI Security: Police name victim of fatal Ealing stabbing and appeal for witnesses to come forward

    Source: United Kingdom London Metropolitan Police

    The victim of a fatal stabbing in Ealing has been named – as detectives continue to appeal for witnesses.

    Police were called at around 22:15hrs on Monday, 10 February, to the Grosvenor pub in Oaklands Road, Hanwell, to reports that a man had stumbled into the pub with serious injuries.

    Officers attended the scene alongside London Ambulance Service crews, and found 33-year-old Dariusz Serafin there with a several knife wounds. Despite the efforts of paramedics, he was pronounced dead at the scene.

    Homicide detectives are carrying out extensive enquiries to establish the circumstances of the incident. There have not been any arrests.

    Detective Chief Inspector Alison Foxwell, from the Met’s Specialist Crime unit, said: “We are making good progress with our investigation, and a number of leads are being followed up.

    “Our enquiries thus far lead us to believe that the stabbing took place in the vicinity of Sydney Road junction with Regina Road. Although this is a predominantly residential area, its proximity to The Broadway – and a number of shops, pubs and restaurants still open at the time of the incident – leads us to believe there will have been witnesses who may have seen or heard something.

    “We urge anyone with information to contact us urgently. There may also be CCTV, ring doorbell or dash cam footage which may be relevant to the investigation.

    “We urge anybody who was in the area to check their footage from between 20.30hrs and 22.30hrs on Monday, 10 February, and to notify the police if they believe they have captured anything which may assist our investigation.”

    The victim’s family are being supported by specialists. In a statement, they said: “Dariusz, known for his boundless empathy and loving spirit for people and animals, touched everyone he met with his kindness and compassion. His presence will be deeply missed, but his memory will live on in the hearts of those he loved.

    “In his honour, his family urges everyone to help end senseless knife crime in the streets of London, and to assist in bringing the person responsible for his death to justice. Rest peacefully, Dariusz.”

    Anyone with information is asked to contact 101 or ‘X’ @MetCC, quoting CAD 7176/10FEB25. You can also provide information anonymously to the independent charity Crimestoppers on 0800 555 111.

    Information can also be provided directly to police via an online portal.

    MIL Security OSI –

    February 15, 2025
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