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Category: Australia

  • MIL-OSI Australia: TV Interview, ABC Afternoon Briefing with Greg Jennett, Shanghai

    Source: Minister for Trade

    Greg Jennett, host: Don Farrell, thanks for making this conversation possible from Shanghai. I suppose the very fact that you’re there indicates that the resumption of trade relations with China is very much back on track. What additional Australian products and services, though, are you telling the Chinese Commerce Minister that Australia should gain access to now in the Chinese market?

    Minister for Trade: Thanks, Greg. I met with my Chinese counterpart last evening on my arrival from Canberra. This was our 9th meeting. And again, we discussed those particular products that are still waiting to get back into the China market. Of course, that’s lobster and a couple of meat establishments. I got some assurances from the Minister that everything is on track to resolve all of our outstanding issues. 

    Now, having done that, we’re not resting on our laurels. I’m here with 253 Australian companies. Some of them have been here before, but many are coming for the first time, and my job as the Trade Minister is to try and push Australian companies out of Australia and into overseas markets. Obviously, China is the largest market for Australian goods. Last year, we sold $327 billion of two-way trade between Australia and China. But I think we can do better than that. I think this Expo – the largest trading event in the world – will be held this week, and I think we can sell even more wonderful Australian products, whether it’s food, whether it’s wine, whether it’s manufactured goods. That’s my ambition for this week.

    Greg Jennett: It does sound ambitious Don Farrell. Also on the wine front, I understand you’ve announced the formation of a wine partnership, some sort of training program, I believe. Does that mean that Chinese winemakers will come to Australia to undertake this training?

    Minister for Trade: It’ll be a mixture of both Greg. I was just with Penfolds. Of course, Penfolds is the biggest Australian winemaker in China. We want to work with the Chinese officials and the Chinese wine industry firstly so that we can get our product back into China, but also so we can help them improve their product. It’s a two-way thing. As I said before, China is our largest trading market. We want a prosperous future for our wine industry. Already, almost $500 million worth of Australian wine is back on the supermarket shelves here in China. We want to do better in that, but we also want to work closely to improve the skills and the abilities of Chinese winemakers. And Penfolds Wines are at the forefront of that.

    Greg Jennett: Now, the Chinese leadership has made no secret over a very long time now about its desire to increase investment into Australia. I’m wondering in your talks whether Minister Wentao raised this and named any particular sectors for greater Chinese investment.

    Minister for Trade: On this occasion, Greg, he didn’t raise that with me. But he has raised those issues in the past, and my answer to the Minister is that Australia welcomes foreign investment, and we welcome foreign investment from China. We are agnostic as to where the investments come from. Part of our Future Made in Australia plan will mean that we need investment from overseas. Australia is very well supplied with, for instance, the critical minerals that are needed to move to net zero. What Australia sometimes struggles with is getting the capital to extract those minerals. So we welcome overseas investment, and we process all of those applications for investment on one principle, and that is our national interest, and that’s what we’ll continue to do Greg.

    Greg Jennett: All right. Now, subject to events in the US this week, and I admit here Don, that this is a highly hypothetical question, but if America goes ahead and erects higher tariff walls to Chinese goods entering that country, what do you assess the consequences of that might be for Australia? Could more Chinese manufactured goods enter this country at lower prices?

    Minister for Trade: Well, of course, our job, and my job in particular Greg, is to discourage companies from imposing additional trade barriers. Free trade provides peace and prosperity in our region, and my argument to any incoming American government, whether it be a Harris government or a Trump government, is that Australia supports the concept of free trade, and we want to continue to work with countries to ensure that the principles of the World Trade Organisation, the free trade principles, continue to apply to world commerce.

    Greg Jennett: Alright, can I tempt you into one or two questions on domestic matters, Don? As Tourism Minister, you’d be well aware of a heightened debate about ministers soliciting upgrades from the national flag carrier, of course, Qantas. If a minister did that, are they in breach of the ministerial code?

    Minister for Trade: Look, while I’m up here dealing with trade issues, I think I’ll continue to deal with international issues Greg. And I’ll be happy to talk about those issues when I get back to Australia.

    Greg Jennett: Alright, then. Electoral reform, if I can try you on that one as well. Here goes. There are very high expectations, Don Farrell, that this bill will be introduced into the Parliament in the final sitting fortnight. Can you confirm that and is it your expectation that it should also be passed this calendar year?

    Minister for Trade: Both of those things are correct. I’d like to see the legislation brought forward before the end of the year and the legislation in place as quickly as possible.

    Greg Jennett: Ok, and will that be introduced into the House or into the Senate, where you’re the relevant minister, of course?

    Minister for Trade: I’ll sort that out when I get back to Australia Greg.

    Greg Jennett: Okay. Well, I understand the constraints, some might even say the conventions, in not addressing domestic matters when abroad Don Farrell. So, we’ll thank you and wish you prosperous negotiations there in Shanghai. Thanks so much for coming on.

    Minister for Trade: Thanks very much Greg.

    MIL OSI News –

    January 26, 2025
  • MIL-OSI USA: News release on compost reimbursement program

    Source: US State of Hawaii

    News release on compost reimbursement program

    Posted on Nov 1, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF AGRICULTURE

    ʻOIHANA MAHIʻAI

     

    JOSH GREEN, M.D.
    GOVERNOR

    KIAʻĀINA
                                                                           

    SHARON HURD
    CHAIRPERSON

    HAWAIʻI BOARD OF AGRICULTURE

     

     

    FOR IMMEDIATE RELEASE                                               

    NR24-32

    Nov. 1, 2024

     

    COMPOST REIMBURSEMENT PROGRAM ACCEPTING APPLICATIONS

     

    HONOLULU – The Hawaiʻi Department of Agriculture (HDOA) is accepting applications for the Compost Reimbursement Program for Fiscal Year 2025, which may reimburse agricultural producers for the cost of purchasing compost, including transportation costs.

     

    Act 231 was passed by the State Legislature during its 2024 session and Governor Josh Green, M.D., released funding totaling $400,000 in August 2024. Farming and landscaping operations may apply for reimbursement of up to 50% of the cost of compost purchased between July 1, 2024, and May 1, 2025. Reimbursements under this program are not to exceed $50,000 per qualified applicant.

     

    Under the reimbursement program, compost must be purchased from a certified processor, retailer or wholesaler licensed to do business in Hawaiʻi. In addition, certified Hawai‘i processors are limited to those companies regulated under the Hawaiʻi Department of Health Solid Waste Management Program. 

     

    “The cost of compost is a major expenditure for many farming operations,” said Sharon Hurd, chairperson of the Hawaiʻi Board of Agriculture. “This reimbursement program can help to prevent the spread of coconut rhinoceros beetles and other pests by providing an incentive to purchase compost from certified compost operators, which are required to treat all compost for pests prior to sale.”

     

    Qualified agricultural operations include commercial agriculture, aquacultural facilities, livestock, poultry, apiary and landscaping activities. Applicants must also provide a W-9 tax form, sample invoice and proof of compliance with federal, state and county tax and business regulations. The deadline to submit invoices is May 1, 2025.

     

    For more information and to download the application forms, go to:  https://hdoa.hawaii.gov/pi/main/compost-reimbursement2025/

    Program Contact:

    Plant Industry Division

    [email protected]

    808-973-9530

     

    # # #

     

    Attachment: Compost Reimbursement Fact Sheet

     

     

    Media Contact:
    Janelle Saneishi, Public Information Officer
    Hawaiʻi Department of Agriculture
    Phone: 808-973-9560
    Cell: 808-341-5528
    [email protected]
    http://hdoa.hawaii.gov

    HDOA is committed to maintaining an environment free from discrimination, retaliation, or harassment on the basis of race, color, sex, national origin, age, or disability, or any other class as protected under federal or state law, with respect to any program or activity.

                                                             

    For more information, including language accessibility and filing a complaint, please contact HDOA Non-Discrimination Coordinator at 808-973-9591, or visit HDOA’s website at http://hdoa.hawaii.gov/.

     

    To request translation, interpretation, modifications, accommodations, or other auxiliary aids or services for this document, contact the HDOA at 808-973-9591 or email [email protected].

     

    TITLE VI OF THE CIVIL RIGHTS ACT OF 1964

    The Hawai‘i Department of Agriculture does not discriminate on the basis of race, color, sex, national origin, age, or disability, or any other class as protected under applicable federal or state law, in administration of its programs, or activities. To learn more, or file a complaint, please refer to the links below:

     

    NON-DISCRIMINATION NOTICE

    English | Hawaiian Hoʻokomo ʻōlelo | Ilokano | Laotian ພາສາລາວ | Chinese 中文 | Tagalog | Thai ไทย

    NON-EMPLOYEE DISCRIMINATION COMPLAINT PROCEDURES

    English | Hawaiian Hoʻokomo ʻōlelo | Ilokano | Laotian ພາສາລາວ | Chinese 中文 | Spanish Español | Tagalog | Thai ไทย

    DISABILITY NON-DISCRIMINATION PROGRAM AND POLICY

    English

    LIMITED ENGLISH PROFICIENCY (LEP) PLAN

    English

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI United Kingdom: Planning approval paves way for new Wolverhampton city centre leisure hub anchored by Superbowl UK

    Source: City of Wolverhampton

    It will enable an estimated £500,000 of landlord works to be completed by Catella APAM’s sustainable retrofit and principal contracting business, Vantage, on the 17,000 sq. ft. space across multiple units.

    Superbowl UK, renowned for its premier entertainment and leisure experiences, will establish a new mixed use concept venue, featuring 12 bowling lanes, Crazy Club Soft Play area, interactive darts, a bar and diner, and SEGA Prize Zone Arcade, which will open in early 2025.

    Superbowl UK’s new mixed use concept creates a vibrant leisure hub on Victoria Arcade and Victoria Street, building on the council’s recent transformation works to pedestrianise Victoria Street.

    Superbowl UK’s exciting plans to bring this empty retail space back to life align to the council’s vision for the city centre – based on better connectivity, more homes, jobs, skills and learning opportunities and investment in the visitor economy – and demonstrates how town and city centre retail can be adapted to create a more vibrant city centre.

    The benefits of this approach are already showing with independent tourism STEAM data highlighting an increase of visitors to the city from 9.8 million to over 10 million last year.

    Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “This is exactly the type of new development our extensive works on Victoria Street were designed to attract and it will be great to see works starting on site soon now that planning approval has been granted.

    “The scheme provides a major boost to the city centre’s leisure offer for residents and visitors, creates jobs for local people, increases footfall and dwell time to support current and emerging businesses, and complements plans coming forward for major regeneration around the Market Square area in partnership with the ECF.

    “The Superbowl UK investment, will ensure the currently vacant retail space will be occupied, boosting the local economy, and creating 30 new job opportunities for residents, including management positions and guest experience hosts.

    “The development will also serve as a catalyst for further investment, and the council continues to work with Catella APAM on attracting other new leisure and food and beverage occupiers, to capitalise on their confidence in the city.”

    Harry Wilce, Asset Manager at Catella APAM, said: “We are delighted to welcome Superbowl UK to the Mander Centre as the main anchor for our leisure offer to improve the customer offer at the centre and extend the operating hours, generating significant increase in footfall for the city centre.”

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI: Liquidia Corporation to Report Third Quarter 2024 Financial Results on November 11, 2024

    Source: GlobeNewswire (MIL-OSI)

    MORRISVILLE, N.C., Nov. 04, 2024 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, announced today that it will report its third quarter 2024 financial results on Monday, November 11, 2024. The company will host a live webcast at 8:30 a.m. Eastern Time to discuss its financial results and provide a corporate update.

    The live webcast will be available on Liquidia’s website at https://liquidia.com/investors/events-and-presentations. A rebroadcast of the event will be available and archived for a period of one year at the same location.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Magnite Gets Highest Score for ‘Current Offering’ in Leading SSP Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, was recognized with the highest score in the current offering category of the ten vendors evaluated in The Forrester Wave™: Sell-Side Platforms, Q4 2024 report. The report, authored by Forrester Senior Analyst Mo Allibhai, cites Magnite’s strength in streaming channels and demand facilitation expertise. In addition, Magnite received Forrester’s highest rating possible in 18 criteria, including Innovation, Desktop & Mobile Display, Open Standards & Transparency, Inventory Quality, and Deployment, Training & Ongoing Support.

    “More than ever, publishers need partners that have an eye to the future and whose every decision is geared to help them win,” said Adam Soroca, Chief Product Officer at Magnite. “We believe this recognition validates our leadership not just in streaming and our expertise in driving unique demand, but in a broad range of categories. In fact, we are honored to have been given the highest ratings possible in more categories than any other vendor evaluated. Thank you to the Magnite team for their hard work in building a series of offerings that are truly exceptional.”

    Read the full report here to see the detailed evaluation.

    Other key takeaways from The Forrester Wave™:

    • Magnite received more 5/5 ratings than any other vendor evaluated, and was the only vendor to receive a 5/5 rating in two criteria, User Interface and Supporting Services and Offerings.
    • Forrester noted Magnite’s technical competence in supporting monetization across online video, audio, mobile app, and complex media such as major event live streams.
    • The report also mentioned Magnite’s deep knowledge of how to leverage signal partnerships to build addressability solutions in new environments.

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    Media Contact:
    Charlstie Veith
    cveith@magnite.com
    516-300-3569

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Willis Lease Finance Corporation Reports Strong Third Quarter Pre-Tax Income of $34.5 million; Pre-Tax Income Up 69% as Compared to that of the Third Quarter of the Prior Period; Board Declares Recurring Quarterly Dividend of $0.25 Per Share of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024. For the three months ended September 30, 2024, core lease rent and maintenance reserve revenues were $114.7 million in the aggregate, up 26% as compared to $91.3 million for the same period in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company’s leasing, parts and maintenance capabilities to avoid protracted, expensive engine shop visits.

    “Scale through growth has proven to be an important factor in our profitability,” said Austin C. Willis, Chief Executive Officer. “Our platform of complementary services and assets is helping to fuel that growth.”

    “Our long-standing efforts to demonstrate the value of engine programs and our vertically integrated products and services continue to deliver for the Company and for our customers,” said Brian R. Hole, President. “The challenge for us now is to deliver that value and scale efficiently to meet existing demand.”

    Third Quarter 2024 Highlights

    • Lease rent revenue was $64.9 million in the third quarter of 2024, an increase of 21.2%, compared to $53.6 million in the third quarter of 2023. During the three months ended September 30, 2024, we purchased equipment (including capitalized costs) totaling $166.9 million, which consisted of three airframes, 19 engines, and other parts and equipment purchased for our lease portfolio. During the three months ended September 30, 2023, we purchased equipment (including capitalized costs) totaling $31.0 million, which consisted of five engines and other parts and equipment purchased for our lease portfolio.
    • Maintenance reserve revenue was $49.8 million in the third quarter of 2024, an increase of 32.0%, compared to $37.7 million in the same quarter of 2023, reflecting the high level of usage of our assets by our customer base. Engines on lease with “non-reimbursable” usage fees generated $48.5 million of short-term maintenance revenues in the first three quarters of 2024, compared to $34.4 million in the prior year period. There was $1.2 million long-term maintenance revenue recognized in the three months ended September 30, 2024, compared to $3.3 million long-term maintenance revenue recognized for the three months ended September 30, 2023. Long-term maintenance revenue is recognized at the end of a lease period as the related maintenance reserve liability is released from the balance sheet.
    • Spare parts and equipment sales increased to $10.9 million in the third quarter of 2024, compared to $3.4 million in the third quarter of 2023. The increase in spare parts sales for the three months ended September 30, 2024 reflects the demand for surplus material that we are seeing as operators extend the lives of their current generation engine portfolios. Equipment sales for the three months ended September 30, 2024 were $1.0 million for the sale of one engine. There were no equipment sales for the three months ended September 30, 2023.
    • Gain on sale of leased equipment was $9.5 million in the third quarter of 2024, reflecting the sale of 13 engines and other parts and equipment from the lease portfolio. During the three months ended September 30, 2023, we sold one engine, one airframe, and other parts and equipment for a net gain of $0.8 million.
    • The Company generated $34.5 million of pre-tax income in the third quarter of 2024, compared to pre-tax income of $20.3 million in the third quarter of 2023, an increase of 69.4%.
    • The book value of lease assets owned either directly or through our joint ventures, inclusive of our notes receivable, maintenance rights, and investments in sales-type leases was $3,039.8 million as of September 30, 2024. We continue to see the value of scale through increased profitability as well as our ability to offer bespoke solutions to our customers.
    • Diluted weighted average income per common share was $3.37 for the third quarter 2024, compared to diluted weighted average income per common share of $2.13 in the third quarter of 2023.
    • On September 27, 2024, the Company refinanced and expanded its $50.0 million of Series A-1 and Series A-2 Preferred Stock into one $65.0 million Series A series, which accrues quarterly dividends at a rate of 8.35% per annum, providing incremental growth equity to the business.
    • On October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility with a consortium of lenders, refinancing its $500.0 million outstanding credit facility. This new facility will provide incremental capital to support the ongoing growth of the business.
    • The Company declared its quarterly dividend of $0.25 per share of common stock, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024.

    Balance Sheet

    As of September 30, 2024, the Company’s lease portfolio was $2,665.7 million, consisting of $2,435.6 million of equipment held in its operating lease portfolio, $175.4 million of notes receivable, $31.5 million of maintenance rights, and $23.2 million of investments in sales-type leases, which represented 348 engines, 16 aircraft, one marine vessel and other leased parts and equipment. As of December 31, 2023, the Company’s lease portfolio was $2,223.4 million, consisting of $2,112.8 million of equipment held in our operating lease portfolio, $92.6 million of notes receivable, $9.2 million of maintenance rights, and $8.8 million of investments in sales-type leases, which represented 337 engines, 12 aircraft, one marine vessel and other leased parts and equipment.

    Conference Call

    WLFC will hold a conference call on Monday, November 4, 2024 at 10:00 a.m. Eastern Standard Time to discuss its third quarter results. Individuals wishing to participate in the conference call should dial: US and Canada (888) 632-5004, International +1 (646) 828-8082, wait for the conference operator and provide the operator with the Conference ID 512645. A digital replay will be available two hours after the completion of the conference. To access the replay, please visit our website at www.wlfc.global under the Investor Relations section for details.

    Willis Lease Finance Corporation

    Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

    Forward-Looking Statements

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Generally, these statements can be identified by the use of words such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Any forward-looking statement made by the Company is based only on information currently available to the Company and speaks only as of the date on which it is made. We undertake no obligation to update them, except as may be required by law. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and pandemics; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing reports filed with the Securities and Exchange Commission.

    Unaudited Condensed Consolidated Statements of Income
    (In thousands, except per share data) 

      Three months ended
    September 30,
          Nine months ended
    September 30,
       
        2024     2023   % Change     2024     2023     % Change
    REVENUE                      
    Lease rent revenue $ 64,905   $ 53,573   21.2 %   $ 173,652   $ 161,209     7.7 %
    Maintenance reserve revenue   49,760     37,696   32.0 %     156,527     96,609     62.0 %
    Spare parts and equipment sales   10,863     3,359   223.4 %     20,337     12,961     56.9 %
    Interest revenue   3,412     2,106   62.0 %     7,965     6,409     24.3 %
    Gain on sale of leased equipment   9,519     773   1,131.4 %     33,148     5,101     549.8 %
    Maintenance services revenue   5,948     6,199   (4.0 )%     17,956     16,707     7.5 %
    Other revenue   1,816     2,039   (10.9 )%     6,841     5,279     29.6 %
    Total revenue   146,223     105,745   38.3 %     416,426     304,275     36.9 %
                           
    EXPENSES                      
    Depreciation and amortization expense   23,650     23,088   2.4 %     68,303     68,131     0.3 %
    Cost of spare parts and equipment sales   8,861     2,024   337.8 %     17,003     9,581     77.5 %
    Cost of maintenance services   6,402     5,580   14.7 %     17,647     14,351     23.0 %
    Write-down of equipment   605     719   (15.9 )%     866     2,390     (63.8 )%
    General and administrative   40,037     26,545   50.8 %     104,305     86,103     21.1 %
    Technical expense   5,151     8,739   (41.1 )%     17,924     19,755     (9.3 )%
    Net finance costs:                      
    Interest expense   27,813     19,052   46.0 %     75,378     56,526     33.4 %
    Total net finance costs   27,813     19,052   46.0 %     75,378     56,526     33.4 %
    Total expenses   112,519     85,747   31.2 %     301,426     256,837     17.4 %
                           
    Income from operations   33,704     19,998   68.5 %     115,000     47,438     142.4 %
    Income (loss) from joint ventures   756     346   118.5 %     7,255     (1,289 )   nm  
    Income before income taxes   34,460     20,344   69.4 %     122,255     46,149     164.9 %
    Income tax expense   10,364     5,726   81.0 %     34,704     13,321     160.5 %
    Net income   24,096     14,618   64.8 %     87,551     32,828     166.7 %
    Preferred stock dividends   948     819   15.8 %     2,758     2,431     13.5 %
    Accretion of preferred stock issuance costs   15     21   (28.6 )%     39     63     (38.1 )%
    Net income attributable to common shareholders $ 23,133   $ 13,778   67.9 %   $ 84,754   $ 30,334     179.4 %
                           
    Basic weighted average income per common share $ 3.51   $ 2.16       $ 13.01   $ 4.83      
    Diluted weighted average income per common share $ 3.37   $ 2.13       $ 12.57   $ 4.70      
                           
    Basic weighted average common shares outstanding   6,582     6,365         6,513     6,282      
    Diluted weighted average common shares outstanding   6,859     6,466         6,745     6,454      

    Unaudited Condensed Consolidated Balance Sheets
    (In thousands, except per share data)

        September 30, 2024   December 31, 2023
    ASSETS        
    Cash and cash equivalents   $ 5,791   $ 7,071
    Restricted cash     99,333     160,958
    Equipment held for operating lease, less accumulated depreciation     2,435,583     2,112,837
    Maintenance rights     31,506     9,180
    Equipment held for sale     4,286     805
    Receivables, net     37,069     58,485
    Spare parts inventory     74,089     40,954
    Investments     61,891     58,044
    Property, equipment & furnishings, less accumulated depreciation     36,119     37,160
    Intangible assets, net     4,177     1,040
    Notes receivable, net     175,358     92,621
    Investments in sales-type leases, net     23,204     8,759
    Other assets     55,187     64,430
    Total assets   $ 3,043,593   $ 2,652,344
             
    LIABILITIES, REDEEMABLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY        
    Liabilities:        
    Accounts payable and accrued expenses   $ 119,560   $ 52,937
    Deferred income taxes     178,177     147,779
    Debt obligations     1,990,455     1,802,881
    Maintenance reserves     108,090     92,497
    Security deposits     27,203     23,790
    Unearned revenue     39,294     43,533
    Total liabilities     2,462,779     2,163,417
             
    Redeemable preferred stock ($0.01 par value)     63,053     49,964
             
    Shareholders’ equity:        
    Common stock ($0.01 par value)     72     68
    Paid-in capital in excess of par     41,035     29,667
    Retained earnings     473,609     397,781
    Accumulated other comprehensive income, net of tax     3,045     11,447
    Total shareholders’ equity     517,761     438,963
    Total liabilities, redeemable preferred stock and shareholders’ equity   $ 3,043,593   $ 2,652,344
    CONTACT: Scott B. Flaherty
      Executive Vice President & Chief Financial Officer
      (561) 413-0112

    The MIL Network –

    January 26, 2025
  • MIL-OSI Global: I research sexual perversions and paraphilias – here’s what we’ve learned about them

    Source: The Conversation – UK – By Mark Griffiths, Director of the International Gaming Research Unit and Professor of Behavioural Addiction, Nottingham Trent University

    Hollywood actor Armie Hammer was accused of sending messages detailing cannibalistic fantasies in 2021. DFree/Shutterstock

    After allegedly sending messages detailing cannibalistic fetishes, Hollywood actor Armie Hammer hopes to relaunch his career with a new podcast and movie.

    Following the 2021 social media cannibal scandal, Hammer was also accused of rape and abuse by various women, but consistently denied any criminal behaviour and was not charged.

    Now, it seems, Hammer is laughing off the cannibalism allegations. Speaking to his first podcast guest, Tom Arnold, Hammer says, “I’m not gonna lie. I’m just like, Hey, I’m a cannibal!”

    But being sexually aroused by the fantasy – or reality – of cannibalism is real. I should know, as it’s one of the subjects I discuss in my latest book Sexual Perversions and Paraphilias: An A-Z

    Paraphilias are uncommon types of sexual expression often described as sexual deviations, sexual perversions or disorders of sexual preference.

    They are typically accompanied by intense sexual arousal to unconventional or non-sexual stimuli such as enemas (klismaphilia), statues (agalmatophilia), teeth (odontophilia) and vomit (emetophilia).

    To many people paraphilias may seem bizarre or socially unacceptable, representing the extreme end of the sexual continuum – and in some cases, such as zoophilia (having sex with animals) and necrophilia (having sex with dead people), may be illegal.

    Paraphilias may be laughed off, dismissed or leave some people disgusted, but there’s a pressing need for more research into uncommon sexual behaviour given how little we know.

    Sexual fantasies and behaviour are a fundamental part of the human experience. What is considered immoral or even illegal changes according to the social and temporal context. But whatever sexual desires are considered illicit or depraved in a particular time and place are also stigmatised.

    Researching paraphilias, even the most distasteful or criminal, is essential to help safeguard vulnerable groups. Research can also help minimise the discrimination faced by those with uncommon sexual interests, helping ensure their access to sexual health care and psychological support, which can be lacking.

    Vorarephilia

    Vorarephilia – or “vore” – refers to being sexually aroused by the idea of being eaten, eating another person or observing this process for sexual gratification.

    Most of the fantasies of vorarephiliacs involve being the ones eaten. Devouring someone could be viewed as the ultimate act of dominance by a predator and the ultimate act of submission by the prey.

    The most infamous vorarephiliac is arguably Armin Meiwes from Germany.

    Meiwes had allegedly been fantasising about cannibalism since his childhood and frequented cannibal fetish websites. He posted around 60 online adverts asking if anyone would like to be eaten by him.

    In March 2002, Bernd Jürgen Brandes responded to Meiwes. They met up only once. Meiwes bit off Brandes’ penis, which the two of them cooked and ate.

    Brandes was videotaped being stabbed to death by Meiwes in his bath. The body was then stored for Meiwes to eat.

    Meiwes was eventually convicted of murder and imprisoned for life. However, it’s worth nothing that although some paraphilias are illegal, most cause no psychological or behavioural problems when they are engaged by consenting adults.

    Dacryphilia

    Dacryphilia is getting sexual arousal from seeing someone cry.

    I have published a number of studies on dacryphilia. One involved interviews with eight dacryphiles: six women and two men, from the US, UK, Romania and Belgium.

    It showed there were sub-types of dacryphilia, even among such a small group. Based on the interviews, I identified three types of dacryphile.

    Compassionate dacryphiles are sexually aroused by the compassion of comforting a crier.

    Dominant or submissive dacryphiles are sexually aroused by either causing tears in a consenting submissive partner or by being made to cry by a consenting dominant partner.

    “Curled lip” dacryphiles are sexually aroused by the curling of a protruded bottom lip during crying.

    Eproctophilia

    Eproctophilia involves being sexually aroused by flatulence.

    In 2013, I published the first case study of an eproctophile. The case concerned a 22-year-old single man, Brad*, an American from Illinois.

    Brad recalled that in middle school he had a crush on a girl who had farted in the class. Brad said:

    This blew my mind [I] knew by simple biology that girls farted, but hearing that the girl I had been fawning over was capable of such a thing sparked a strange interest in me.

    Brad first engaged in an eproctophilic act with a male friend in his mid-teens. Up to that point he had considered himself heterosexual. However, this changed when he heard his male friend fart.

    Brad said it was “appealing in sound” and that he began fixating on it. He set up a bet with the wager being the right to fart in the loser’s face for a week. He continued to lose such bets once every few weeks for about two years.

    Apotemnophilia

    Apotemnophilia refers to being sexually aroused by the fantasy or reality of being an amputee.

    Some apotemnophiles may pretend to be amputees but, for a minority, the behaviour involves obsessive scheming to convince a surgeon to perform a medically unnecessary amputation.

    To most people, this might seem like a type of masochism, but case studies suggest that there is no erotisation of pain – only of the healed amputated stump.

    Salirophilia

    Salirophilia is sexual arousal from soiling or dishevelling someone attractive, which can include tearing or damaging the desired person’s clothing, covering them in mud or filth or messing up their hair or make-up.

    My 2019 case study involved Jeff*, a 58-year-old Australian heterosexual. Jeff recounted that when he was young he wanted to masturbate in strange places such as lying under a cabinet in a dirty garage.

    Jeff said that he engaged in solitary salirophilic practices regularly but very infrequently with female partners because it was difficult to find like-minded women.

    He was also a fan of the television show Fear Factor in which contestants perform revolting tasks for prize money, such as eating rotting food or being submerged in foul fluids. These were a source of sexual arousal for Jeff. He told me: “I just find the defilement of an attractive woman’s body erotic.”

    *The names of case study participants in this article have been changed.

    Dr. Mark Griffiths has received research funding from a wide range of organizations including the Economic and Social Research Council, the British Academy and the Responsibility in Gambling Trust. He has also carried out consultancy for numerous gambling companies in the area of player protection, social responsibility and responsible gaming.. Views expressed here are his own and not those of these funding bodies.

    – ref. I research sexual perversions and paraphilias – here’s what we’ve learned about them – https://theconversation.com/i-research-sexual-perversions-and-paraphilias-heres-what-weve-learned-about-them-238446

    MIL OSI – Global Reports –

    January 26, 2025
  • MIL-OSI USA: UConn Forum Draws Top Minds to Brainstorm Ways to Grow Connecticut’s Economy

    Source: US State of Connecticut

    Scores of esteemed industry leaders, researchers, entrepreneurs, and public officials came together at UConn Storrs recently to share ideas on combining their organizations’ energy and expertise to grow a robust, sustainable Connecticut economy.

    “UConn Forum: Economic Engine of a Thriving Connecticut” featured discussions on driving the state’s economy through several key growth areas including advanced manufacturing, sustainable energy, fintech, biotech, quantum computing, artificial intelligence, and other realms.

    Panelists and participants praised the Oct. 31 event as a unique opportunity to learn about innovations in various industry sectors and inspire ideas for collaboration, including by drawing on UConn expertise.

    With an annual impact of $8.5 billion on the state’s economy, UConn takes its responsibilities seriously to help drive Connecticut forward, President Radenka Maric told the crowd in welcoming remarks.

    That includes sharing its research expertise, helping foster startup businesses and technologies, ensuring its graduates are entrepreneurial and workforce ready, and doing all within its power to keep them in Connecticut to build their careers and lives.

    A common theme throughout the day’s discussions was Connecticut’s innovative spirit and enviable strengths, including a well-educated workforce, diverse population, strong schools, family-friendly quality of life, and innovation-oriented business ecosystem.

    Forum participants also agreed it’s a perfect time to accelerate the collaborations between industry and higher education – particularly as Connecticut is regaining population lost during the recession; has seen a noteworthy jump in business startups; and is developing new technologies in several fields.

    “What we’re seeing is that the trends have reversed in a pretty meaningful way. People are betting on Connecticut with both their wallets and their feet,” said keynote speaker Daniel O’Keefe, commissioner of the Connecticut Department of Economic and Community Development (DECD).

    He said the state had the 19th best-performing economy nationwide in the last two years. That’s a major turnaround from the 2000s-era recession in which Connecticut became one of only three states – including Wyoming and Mississippi – whose economies contracted and became smaller on an inflation-adjusted basis.

    As Connecticut’s manufacturing and national defense-related industries bounced back, so did the state – supplemented by growth in areas such as technology and software information, and other emerging industries such as those discussed at the UConn forum.

    “This is a state where innovation happens literally every day. You don’t hear about it as much as you do in places like Silicon Valley because the innovation is taking place not only in our startups, but also in our incredibly large companies,” O’Keefe said.

    Several new collaborations also have immense promise, such as the QuantumCT public-private partnership led by UConn and Yale.

    UConn President Radenka Maric hands a proclamation from Connecticut Governor Ned Lamont to Lee Langston, professor emeritus of mechanical engineering at UConn, during the “UConn Forum: Economic Engine of a Thriving Connecticut” event in the Rowe Commons ballroom on Thursday, Oct. 31, 2024. (Sydney Herdle/UConn Photo)

    That initiative aims to win federal funding to transform Connecticut into the nation’s leading accelerator of quantum technologies. The proposal recently advanced to the competition’s next stage, and marks the first time that UConn and Yale have partnered on an initiative of this scope.

    That kind of collaborative thinking underscored most of the forum’s panels, in which the speakers discussed the importance of addressing society’s emerging needs for sustainable clean energy, effective and affordable pharma products, innovative use of AI, or other topics.

    The forum’s guests also gained inspiration from the entrepreneurial history of the Mashantucket Pequot Tribal Nation as shared by its chairman, Rodney Butler ’99 (BUS).

    Having endured generations of forced assimilation and poverty, its members survived economically by selling timber, maple syrup, and other goods until the tribe gained federal recognition in 1983, he said.

    With the ability to diversify into more lucrative areas, the tribe opened a high-stakes bingo hall in 1986 and, in 1992, it opened Foxwoods Resort Casino – now the world’s largest such gaming and entertainment venue.

    Today, the tribe’s annual economic impact in the state is about $1 billion, and it has expanded into the hospitality business, golf courses, real estate holdings, hotel and golf course development, a pharmaceutical network, sports betting, internet gaming, and other ventures.

    It’s a far cry from the early days of selling handmade baskets, picking berries, and hunting snakes to survive economically. The Pequot tribe and UConn have also partnered on several projects, including the development of its hydroponic Meechooôk Farm; research into responsible gaming; and various academic and cultural endeavors.

    “The reason we do all of it, and the reason we’re in this room, is to create a thriving and sustainable community,” Butler told the forum’s attendees. “Ours is at Mashantucket. In this room, it’s about Connecticut and dare I say, all of southern New England.”

    Also as part of the forum, Maric presented a proclamation from Gov. Ned Lamont to UConn Professor Emeritus Lee Langston ’60 (ENG), one of UConn’s most accomplished engineering innovators.

    His career included helping to develop the fuel cells that powered Apollo 11 to the moon. He also was part of a team that helped install the first solar panels at the White House during the Carter Administration, and pioneered gas turbine technologies now used worldwide, including at UConn’s Cogeneration (CoGen) Central Utility Plant.

    Langston joined UConn in 1977 as a mechanical engineering professor after more than a decade at Pratt & Whitney. He also served a year as the interim dean of the School of Engineering (now a college), later retiring from UConn in 2003 but remaining active as a professor emeritus.

    “His contributions to science and society are immeasurable,” Maric said in presenting the proclamation, adding that she first learned of his expertise in sustainable energy when she was studying for her Ph.D. in Japan.

    Maric said the legacy of innovators such as Langston, along with the vision of people at the economic development forum and throughout the state, will be key to its future.

    “We make the impossible possible in Connecticut. We are leaders and will continue to lead, and anyone who says we can’t do it in Connecticut will be proven wrong,” she said.

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI New Zealand: Speech to the Holocaust Centre of New Zealand

    Source: ACT Party

    Delivered by Hon David Seymour on 26 January 2025, hosted by the Holocaust Centre of New Zealand in Remuera.

    Thank you Gillian, and the Board of the Holocaust Centre for inviting me to give this address. I am humbled to speak the day before the 80th anniversary of the liberation of Auschwitz-Birkenau.

    I have long feared that the horrors of World War Two would slip from living memory. As a nine year old, I had a teacher who talked often about her own schooling in fear of a Japanese invasion. It stuck with me that children had to practice evacuating and sit in trenches with cotton wool in their ears and corks between their teeth. That teacher retired at the end of that year, and I wondered how students in the next class would know about the war.

    Of course, I couldn’t have known about the Holocaust Centre, it was founded fifteen years later. The Centre could be seen as a response to the task of keeping these memories real when only a precious few, whom I acknowledge today, can remind us of the horrors first hand.

    It falls on each of us to make a conscious effort keep the lessons learned alive. One of the most helpful tools we have for doing that is the Universal Declaration of Human Rights, signed at Paris in the aftermath of World War Two by our then Prime Minister Peter Fraser.

    World War Two and the Holocaust gave people clarity of thought. In those painful times it didn’t take much effort to think clearly about what was right, what was wrong, and what must be avoided at all costs.

    The preamble of the Declaration begins

    Whereas recognition of the inherent dignity and of the equal and inalienable
    rights of all members of the human family is the foundation of freedom, justice
    and peace in the world,
    Whereas disregard and contempt for human rights have resulted in barbarous
    acts which have outraged the conscience of mankind, and the advent of a world
    in which human beings shall enjoy freedom of speech and belief and freedom
    from fear and want has been proclaimed as the highest aspiration of the common
    people …

    The Declaration then lists Human Rights in a series of articles.

    Article One says:

    All human beings are born free and equal in dignity and rights. They are
    endowed with reason and conscience and should act towards one another in a
    spirit of brotherhood.

    Article Two is more specific, saying:

    Everyone is entitled to all the rights and freedoms set forth in this Declaration,
    without distinction of any kind, such as race, colour, sex, language, religion,
    political or other opinion, national or social origin, property, birth or other status.
    Furthermore, no distinction shall be made on the basis of the political,
    jurisdictional or international status of the country or territory to which a person
    belongs, whether it be independent, trust, non-self-governing or under any other
    limitation of sovereignty.

    Reading these words, it is impossible to avoid the conclusion that the Holocaust weighed heavily on the minds of the drafters of and Parties to this declaration. It was far from the only evil of World War Two, but sadly its scale and inhumanity make it the singular act of evil not only in that War but all wars.

    Just as the Holocaust brought great clarity of thought in its aftermath, disordered thinking brings great danger that something like it will be repeated.

    The misuse of the word genocide, the casual blaming of victims after the October 7th attacks, and the excusal of the true perpetrator, Hamas, are all examples that no doubt weigh heavily on the minds of Auckland’s Jewish community.

    These are also part of a wider intellectual trend.

    Sir Karl Popper, a Jewish Philosopher who lost 16 members of his own family to the Holocaust and found refuge in New Zealand, was responsible for defining the scientific method.

    Through the early and mid-twentieth centuries, Popper won the argument about how science proceeds. His approach, testing falsifiable hypotheses against empirically verifiable facts, is wonderfully equalitarian and democratic.

    He showed, like Galileo before him, that no matter who you are, if your idea stacks up, plain for all to see, that you can make a breakthrough. It doesn’t just apply in science. As Popper himself said, all life is problem solving.

    In contrast to that liberal vision, we hear that people can have knowledge according to their identity. People say ‘speaking as a…’. There are different kinds of knowledge that always turn on identity. These are dangerous thoughts. They deny the ability of any individual to see truth according to an agreed method. They take you down the path to where might is right.

    I had an email from a much brighter and younger person than me over the summer, worried about the fate of liberalism. I said, perhaps we need a new book. His reply was brilliant. He said, perhaps, but first we should all reread Poppers Open Society and its Enemies. I’m taking his advice.

    My challenge in a YouTube world is that we should all read more. As the Holocaust’s Horrors slip from living memory, my challenge is to read the Universal Declaration of Human Rights, and The Open Society, for lessons we must not forget.

    MIL OSI New Zealand News –

    January 26, 2025
  • MIL-OSI USA: SPC Tornado Watch 704

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL4

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 704
    NWS Storm Prediction Center Norman OK
    1055 AM CST Mon Nov 4 2024

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Eastern Oklahoma
    Northeast Texas

    * Effective this Monday morning and evening from 1055 AM until
    600 PM CST.

    * Primary threats include…
    A few tornadoes likely with a couple intense tornadoes possible
    Scattered damaging wind gusts to 70 mph likely
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible

    SUMMARY…Thunderstorms will intensify through the afternoon across
    the watch area, with supercells and bowing lines capable of damaging
    winds and tornadoes. A strong tornado or two is possible.

    The tornado watch area is approximately along and 75 statute miles
    east and west of a line from 45 miles south southeast of Fort Worth
    TX to 35 miles northwest of Grove OK. For a complete depiction of
    the watch see the associated watch outline update (WOUS64 KWNS
    WOU4).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 2 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    SEL4

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 704
    NWS Storm Prediction Center Norman OK
    1055 AM CST Mon Nov 4 2024

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Eastern Oklahoma
    Northeast Texas

    * Effective this Monday morning and evening from 1055 AM until
    600 PM CST.

    * Primary threats include…
    A few tornadoes likely with a couple intense tornadoes possible
    Scattered damaging wind gusts to 70 mph likely
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible

    SUMMARY…Thunderstorms will intensify through the afternoon across
    the watch area, with supercells and bowing lines capable of damaging
    winds and tornadoes. A strong tornado or two is possible.

    The tornado watch area is approximately along and 75 statute miles
    east and west of a line from 45 miles south southeast of Fort Worth
    TX to 35 miles northwest of Grove OK. For a complete depiction of
    the watch see the associated watch outline update (WOUS64 KWNS
    WOU4).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 2 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW4
    WW 704 TORNADO OK TX 041655Z – 050000Z
    AXIS..75 STATUTE MILES EAST AND WEST OF LINE..
    45SSE FTW/FORT WORTH TX/ – 35NW GMJ/GROVE OK/
    ..AVIATION COORDS.. 65NM E/W /35NNE ACT – 11S OSW/
    HAIL SURFACE AND ALOFT..2 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 32219836 36969655 36969383 32219579

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU4.

    Watch 704 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    High (70%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Mod (40%)

    Wind

    Probability of 10 or more severe wind events

    High (70%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (40%)

    Probability of 1 or more hailstones > 2 inches

    Mod (30%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: Brics Summit: Which countries recently joined the bloc? Which want to and why? – FirstPost (India)

    Source: United States Institute of Peace

    Brics is expanding.

    The grouping which originally began with Brazil, Russia, India, China – was coined in 2001 by then Goldman Sachs chief economist Jim O’Neill – expanded to include South Africa in 2010.

    The bloc was founded as an informal club in 2009 to provide a platform for its members to challenge a world order dominated by the United States and its Western allies.

    Its creation was initiated by Russia.

    [embedded content]

    The group is not a formal multilateral organisation like the United Nations, World Bank or the Organisation of the Petroleum Exporting Countries (OPEC).

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    The heads of state and government of the member nations convene annually with each nation taking up a one-year rotating chairmanship of the group.

    It now represents around 3.5 billion people – 45 per cent of the world’s population.

    Its combined economies are valued at over $28.5 trillion – nearly a third of the global economy.

    But which countries have recently joined? Which want to join now and why? And what does the expansion mean for the West?

    With Prime Minister Narendra Modi attending the 16th Brics Summit in Kazan, let’s take a closer look at how Brics is expanding.

    Which countries joined recently?

    Brics in 2023 invited six countries – Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates – to become new members of the bloc.

    Editor’s Picks

    The formal invitation was made during a summit in August in Johannesburg.

    While all BRICS members had publicly expressed support for growing the bloc, there were divisions among the leaders over how much and how quickly.

    Members at the time said the move would help reshuffle a world order they view as outdated.

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    In January, five of these nations – Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates – said they were joining the BRICS bloc.

    Argentina declined the invitation to join.

    As per Al Jazeera, this came after President Javier Milei took office.

    Milei has vowed to increase ties with the West.

    However, Saudi Arabia later said it is not yet joining the group and that the matter is being considered by its leadership.

    Ultimately, Egypt, Iran, Ethiopia, and UAE joined the bloc.

    Which want to join now and why?

    Dozens of countries have voiced interest in joining the grouping.

    Algeria, Bolivia, Cuba, Democratic Republic of Congo, Turkiye, Comoros, Gabon, Kazakhstan, Vietnam, Thailand and Malaysia have all expressed interest in joining the forum.

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    Turkiye, a Nato member, formally requested to join BRICS in September.

    As p_er Bloomberg,_ Turkiye is looking to become part of the bloc as it eyes increasing its global influence.

    President Recep Tayyip Erdogan’s administration is looking further than its time-tested allies in the West, people familiar with the development told the outlet.

    Erdogan’s government believes the centre of geopolitics is moving away from the developed economies.

    Turkiye is also eyeing improving its economic relationship with Russia and China.

    Turkiye under President Tayyip Erdogan is looking to join Brics. Reuters

    This is a departure for the NATO member nation which has historically been suspicious of Moscow and been a US ally.

    Turkiye is also thought to be upset over the lack of forward movement in its decades-long attempt to join the European Union.

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    According to Al Jazeera, Thailand said it was interested in joining the grouping during the BRICS Dialogue with Developing Countries held in Russia in June.

    Malaysia too expressed interest in becoming a member ahead of a visit from Chinese Premier Li Qiang.

    The bloc “can help Malaysia’s digital economy grow faster by allowing it to integrate with countries that have strong digital markets and also take advantage of best practices from other members,” Rahul Mishra, associate professor at the Center for Indo-Pacific Studies at Jawaharlal Nehru University in New Delhi, told DW.

    “Thailand would also be able to draw investments in important industries including services, manufacturing, and agriculture,” Mishra added.

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    Bolivia’s President Luis Arce has expressed interest in BRICS membership.

    His government has said it is determined to curb dependence on the US dollar for foreign trade, instead turning to the Chinese yuan, in line with BRICS leaders’ stated aim to reduce dependence on the US currency.

    Algeria last July it has applied for BRICS membership and to become a shareholder in the New Development Bank, the so-called BRICS Bank.

    The North African nation is rich in oil and gas resources and is seeking to diversify its economy and strengthen partnership with China and other countries.

    The countries hope the bloc can level the global playing field. Most nations view BRICS as an alternative to global bodies viewed as dominated by the traditional Western powers and hope membership will unlock benefits including development finance, and increased trade and investment.

    Dissatisfaction with the global order among developing nations was exacerbated by the COVID-19 pandemic when life-saving vaccines were hoarded by the rich countries.

    “That so many countries are willing to go to Russia, deemed a pariah state not so long ago for having violated international law by invading Ukraine, confirms a trend followed by an increasing number of countries in the world: They don’t want to have to choose between partners,” Tara Varma, a visiting fellow at the Brookings Institute, told Al Jazeera.

    Adam Gallagher, writing for USIP.org, noting the size of the bloc, said there are clear economic benefits to joining the grouping.

    “Intra-BRICS trade is one area that the group has found its footing,” Gallagher said. He noted how the June 2024 BRICS foreign minister’s meeting encouraged “enhanced use of local currencies in trade and financial transactions” by Brics members.

    Gallagher said that countries like Malaysia, who want to join the grouping, are looking to form alliances across the globe and preserve their strategic autonomy.

    “For these countries, it’s not about taking sides. Some countries also believe BRICS membership will give them a greater voice and representation in international politics. It’s not all about anti-Western ideology,” Gallagher wrote.

    James Chin, a professor of Asian Studies at the University of Tasmania told DW “both Thailand and Malaysia are seen as middle powers.”

    “It’s better for them to join groups like BRICS so that they will have a larger voice in the international arena. But the major benefit will be trade,” Chin added.

    What does the expansion mean for the West?

    Experts say that these growing number of nations who want to join Brics shows that they want their financial independence – and that the established world order may be vulnerable.

    “In the aftermath of the war in Gaza, Russia and China have more effectively harnessed this anti-Western sentiment, capitalising on frustrations over Western double standards as well as the use of sanctions and economic coercion by the West,” Asli Aydintasbas, a Turkish foreign policy expert, was quoted as telling the Brookings Institute as per Al Jazeera.

    “It doesn’t mean that middle powers want to trade US dominance for Chinese, but it means they are open to aligning with Russia and China for a more fragmented and autonomous world.”

    As per Al Jazeera, Brics members and their associates clearly want to decrease their reliance on the US dollar and Europe’s Society for Worldwide Interbank Financial Telecommunication (SWIFT) network.

    Malaysian Prime Minister Anwar Ibrahim walks with Indian Prime Minister Narendra Modi during Anwar’s ceremonial reception at India’s Presidential Palace Rashtrapati Bhavan in New Delhi, India, August 20, 2024. REUTERS

    This comes after Russia was cut-off from the system in the aftermath of the invasion of Ukraine in 2022.

    “China now has an alternative to the SWIFT payment system, though limited in use, and countries like Turkiye and Brazil increasingly restructure their dollar reserves into gold,” Aydintasbas added. “Currency swaps for energy deals are also a popular idea – all suggesting a desire for greater financial independence from the West.”

    As per CFR.org, Western nations until now have talked down the bloc as a threat.

    White House National Security Advisor Jake Sullivan has said Brics isn’t a geopolitical rival, while Treasury Secretary Janet Yellen has downplayed the de-dollarisation strategy of Russia and China.

    But some argue that the West needs to do some serious introspection.

    “The accusation that the West is arrogant toward the needs of the Global South is serious. It cannot be answered by offering ‘value-based partnerships’ and a ‘rules-based’ multilateralism when the interest of the BRICS is focused on changing those rules in global finance, trade, and other standard-setting procedures,” Günther Maihold, senior fellow at the German Institute for International and Security Affairs, was quoted as saying by CFR.org.

    “Ignoring BRICS as a major policy force—something the U.S. has been prone to do in the past—is no longer an option,” Tufts University scholars wrote in 2023.

    It remains to be seen how the US-led West will react.

    With inputs from agencies

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI United Kingdom: Joint communique from International Charity Regulator leaders

    Source: United Kingdom – Executive Government & Departments

    From 28-30 October, charity regulators from eight nations gathered in the UK for a three-day meeting.

    Representatives and Heads of Regulators from Australia, Canada, England and Wales, Ireland, Northern Ireland, Scotland, Singapore, in addition to an observing invitee from the United States, met to discuss matters of mutual interest and concern.

    Regulators recognised the world is currently dealing with substantial challenges including evolving social environments with changing patterns of volunteering, climate change and more natural disasters, cost of living pressures driving higher demand for services and costs of running organisations, and the need to support populations through conflict not seen for a generation. 

    Regulators affirmed that given this current global context, the work of charities and not-for-profit organisations has never been more important. Charities and not-for-profit organisations have a long history of enabling society to adapt, improving the lives of millions globally, and supporting and enabling cohesion where there has been division. Working across sectors to find solutions to the world’s most challenging problems, they are fundamental to world class research, scientific endeavour and policy change that enables health, environmental and animal welfare issues to be advanced.  

    Regulators shared examples of how effective, expert regulation plays a fundamental part in allowing charities to thrive and allows the public to have trust and confidence in the work of charities. Our organisations each contribute to supporting and ensuring strong governance in charities, so that they deliver their charitable purpose for the benefit of all. Regulators have been delighted to advance our shared objectives at this meeting through the exchange of knowledge and best practice. 

    The meeting covered four key themes: 

    Charity registration and charitable status

    Registration is the start of the journey for new charities and trustees, and at the core of each of our roles is making efficient, effective decisions to ensure genuine applicants can begin delivering their charitable purpose.  

    Regulators: 

    • shared improvements to our respective processes for registration, acknowledging the constraints inherent in applying a legal test.  

    • gained valuable insights from other jurisdictions approaches to  improve the quality of applications from prospective charities 

    • shared plans to digitise and improve registration services within jurisdictions 

    • shared trends and case studies on those seeking to abuse charity status but were prevented from doing so 

    • agreed, subject to national jurisdictions laws and restrictions, to improve data sharing to prevent cross border abuse of charity status via the registration process 

    • agreed to explore how to enable simpler but robust registration services for those who work across borders 

    Digital, technology and data

    Regulators are at different stages in their journeys of delivering new digital technologies, with a particular focus across each jurisdiction on using online services to enhance relationships with charity trustees, ensuring we provide charities with the best guidance and tools, as well as driving regulatory efficiency. Regulators discussed experiences in delivering recent innovations, and how charities in their jurisdiction responded, to inform each of our future plans. 

    Regulators: 

    • agreed to share digital and technology plans to enable better cross jurisdiction co-operation and experience for charities and the public 

    • agreed, subject to national laws and regulations, to share emerging trends, issues, impacts of technology on charities, charity regulation and policies to enable the benefits of technology to be exploited whilst mitigating risks and unintended consequences. 

    Communication, education and public trust

    Regulators identified many commonalities in our approaches to using social media, events and guidance to secure greater engagement with charities, particularly those who are traditionally harder to reach or might have less knowledge.  

    Regulators:

    • identified several approaches that have been successfully applied in individual nations and have taken away from the meeting ideas as to how these could potentially be translated into new national initiatives.  

    • welcomed the contribution such work programmes make in delivering our core remit to build public trust and confidence in charity, and in our own effectiveness. 

    Compliance

    Regulators reviewed global trends in charity non-compliance, and how these have been addressed through use of regulatory powers. Discussion of recent domestic cases with international significance, allowed identification of issues in common, that might damage the vast majority of genuine, compliant charities.  

    With many charities and voluntary organisations working extensively across international borders, Regulators:  

    • affirmed that, subject to national laws and regulations, we will continually share appropriate insight so we can each effectively tackle such risks, acting within our legislative frameworks. 

    • affirmed, we each have a central role to play in supporting compliance with The Financial Action Task Force (FATF) standards, to ensure the substantial amount of money that flows across borders to facilitate the vital work of the sector is safe and secure and charities may continue to deliver vital services to the world’s most vulnerable. 

    The group will be hosted by a different member when they next reconvene in the spring of 2026. Until then, Regulators will continue their online quarterly meetings to build on these positive discussions to ensure lessons continue to be shared and the international community of charity Regulators remains united. 

    Delegate List 

    • David Holdsworth – Chief Executive, England & Wales
    • Orlando Fraser KC – Chair, England & Wales
    • Paul Latham – Director of Communications & Policy, England & Wales
    • Sue Woodward AM – Commissioner, Australia
    • Natasha Sekulic – Assistant Commissioner – General Counsel, Australia
    • Sharmila Khare – Director General, Charities Directorate, Canada
    • Madeleine Delaney – Chief Executive, Ireland
    • Geraldine McCarthy – Head of Communications, Ireland
    • Frances McCandless – Chief Executive, Northern Ireland
    • Punam McGookin – Head of Charity Services, Northern Ireland
    • Martin Tyson – Head of Regulation and Improvement, Scotland
    • Desmond Chin – Commissioner of Charities, Singapore
    • Izyana Baharom – Assistant Director, Singapore
    • Observer: Beth Short – President of the National Association of State Charity Officials, United States

    Ends

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    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: Press Release – Traffic Survey Action Plans Monday 04 November 2024

    Source: Channel Islands – States of Alderney

    Media Release

    Date:  4th November 2024

    GSC rolls out Action Plan following major traffic survey

    Alderney’s General Services Committee at its meeting of November 1st unanimously agreed to implement a phased traffic improvement programme following comprehensive consultation and a public survey.

    Survey responses covered issues such as parking, the number and size of vehicles, policing and abandoned vehicles. Proposals have been presented in consultation with the States Works Department and Bailiwick Law Enforcement.

    Now GSC has approved short, medium and long-term plans which will be communicated to the public as they are rolled out.

    Initial short-term action includes:

    ·         Identifying areas for improved road markings and signage.

    ·         Trial pedestrianisation of the lower end of Victoria Street (Les Roquettes to Ollivier Street junctions) on four consecutive Saturday mornings from December 14th to create a better shopping experience for residents and visitors. This will serve as a “soft opening” before an additional trial will take place during the island’s busier periods – the community will have the opportunity to feed back to the States.

    ·         Continuation of Problem Orientated Policing (POP) instigated by local Police to educate the public on how traffic and parking missteps can be resolved with better understanding of the consequences.

    ·         A proposed ‘Active Travel to Work’ campaign to include messages such as ‘Walk to Work Day’ and ‘Cycle to Work Week’ to discourage vehicle usage and town parking.

    ·         Liaison with Alderney’s new Planning Officer to review parking space allocation at new developments.

    ·         A review of recent requests for more disabled parking spaces will be submitted to GSC.

    Meanwhile, disincentivising the import of large private vehicles is being implemented by the Policy and Finance Committee via the fees ordinance and by subsequent legislation.

    Medium-term action agreed by GSC will look to address the problem of abandoned vehicles and the Committee will liaise with Bailiwick Law Enforcement to conduct average speed checks using recording devices in areas where the speed limit is less than 35mph, and use this data to consider installing physical deterrents to speeding.

    In the longer term, proposals are being considered for a permit parking system for residents in order to distinguish between residents and consumers where there is a mix of commercial and residential properties in St Anne town. The permit system will seek to limit long-term parking in the inner and outer town areas to a maximum of 28 days, after which a vehicle would be considered abandoned.

    The biggest concerns from the 267 survey responses, which represent 503+ driving licence holders and 405+ drivers of vehicles, were the increase in larger vehicles (73%) and the issue of abandoned vehicles (53%).

    However, the figures indicate that a number of people who own more than one car per household park their vehicles both on their driveway and on public roads, contributing to congestion in St Anne’s residential streets.

    The States has worked collaboratively with its associated partners to understand the community’s views and the Traffic Improvement Programme seeks to provide solutions to well evidenced issues through a manageable progressive programme.

    Ends

    States of Alderney media enquiries:Alistair.Forrest2@gov.gg

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: Air quality consultations for Perth and Crieff

    Source: Scotland – City of Perth

    The AQMAs have been kept under regular monitoring since their introduction in 2006 and 2014 respectively. Those assessments have led to proposals which are now open to public comment.  

    In Perth, revisions to the city’s Air Quality Action Plan, first published in 2009, reflect both the progress on the original actions in the plan and the major changes that Perth as a place has undergone since that time. Public comment is being sought to determine which of the draft air quality improvement measures will be included in the finalised version of the new AQAP. More details are available online at the Consultation Hub and the consultation is open for six weeks from 4 November to 16 December 2024. 

    In addition, several drop-in sessions are being organised for anyone who would like to speak to staff from the Air Quality team before submitting their comments. Further details of these sessions will be announced as soon as possible. 

    For Crieff, a continued drop in the level of pollutants and air quality complying with national standards for five years in a row has led to the recommendation for lifting the town centre’s Air Quality Management Area, with air quality monitoring to continue and the associated Air Quality Action Plan measures remaining in place to help prevent any future rises in pollutants. Local residents and businesses will have the opportunity to give feedback on the revocation via email to EH@pkc.gov.uk between 4 November and 25 November 2024. A document detailing reasons for the recommended revocation is available from our Air Quality pages.

    Convener of the Climate Change and Sustainability Committee, Councillor Richard Watters said: “The purpose of introducing Air Quality Management Areas in Perth and Crieff has been to address a rise in air pollutants which adversely affect our local environment and the health of our communities. Ongoing monitoring and review of the AQMAs, together with recognition of changes in both locations, has now led to proposed changes for Perth’s Air Quality Action Plan, and the revocation of the AQMA in Crieff.  

    “I would encourage members of the public to take part in the consultation for Perth, and to provide feedback on Crieff – our aim is to ensure that appropriate measures are in place to maintain air quality standards for everyone who lives, works and visits the local area.” 

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-Evening Report: Memes, photojournalism and television debates: 3 images that defined the 2024 US election

    Source: The Conversation (Au and NZ) – By Kylie Message, Professor of Public Humanities and Director of the ANU Humanities Research Centre, Australian National University

    Visual images often last in historical and popular memory. This is especially the case in presidential campaigns in the United States, which offer a vast mix of spectacle, surprise and drama.

    An historian of political visual culture can no more predict which images are likely to last the test of time than we can know who will win. But we can explain why some historical images from presidential campaigns resonate.

    This election season has produced the most media savvy and diverse campaign imagery of all time. Cable news, social media and artificial intelligence have created a whole new universe of image-based narratives.

    In this rich visual landscape, here are three images likely to last the test of time.

    1. Trump’s ‘fight!’ photo

    The uncontroversial front-runner for defining image has to be Evan Vucci’s photograph of Donald Trump being led off the stage in Pennsylvania after surviving an assassination attempt in July.

    Many people, including Trump, were quick to elevate the photograph to the iconic status of Joe Rosenthal’s photograph of troops raising the flag on Iwo Jima during the second world war.

    Both are photographed from below and feature the national flag above Americans working against adversity to reach a common goal. Both fit squarely into the tradition of wartime photojournalism.

    Both photographs enjoyed instantaneous popularity: Trump’s image went viral and the Iwo Jima image was featured on a US postage stamp before the war’s end.

    But their greatest similarity resides in the cultural symbolism of the images.

    Both accurately represent an historical moment; a specific point in time. But the point in time has been actively selected to fit a narrative. The narratives projected are deeply held mythologised symbols of aspirational patriotism.




    Read more:
    Elevation, colour – and the American flag. Here’s what makes Evan Vucci’s Trump photograph so powerful


    Visual literacy prompts us to think about which images were discounted in the selection of these historically powerful two. Historical legacies and the national mythologies that fuel these lean toward images of success over pictures of wartime death and suffering.

    This image of Trump fits all the criteria we would typically and probably unconsciously apply when assessing if an image is likely to have long-term significance.

    The baseline characteristic of iconic images is a general bipartisan understanding of what an image “says”. Regardless of whether you agree with the message being conveyed, you understand its social context, why the image is provocative, dramatic or funny (or not), as well as its historical references.

    However, contemporary images are not always so straightforward to read – and in a post-truth AI world, it is harder than ever to decipher the visual culture of politics.

    2. Brat summer and coconut memes

    Kamala Harris’s youth and vision for the future headlined her campaign’s creation of “Kamala HQ”. The strategy adopted the bright green branding and font of Charli XCX’s smash album Brat after the pop star posted on X: “kamala IS brat”.

    Social media has been a critical tool in introducing Harris to voters, especially those of voting age for the first time in 2024. The campaign’s use of social media represented young people as engaged and respected decision makers.




    Read more:
    ‘Kamala IS brat’: how the power of pop music has influenced 60 years of US elections


    Voters have had more than a century to become accustomed to photojournalism. In contrast, a lot of social media representation has arisen from community activism over the past few years. Reporting from women’s marches this past weekend showed links to the visual culture of the protests that followed Trump’s 2016 election.

    Arguably, the most historically significant of this “youth vote” image category are the internet memes of coconuts and coconut trees.

    In a 2023 speech, Harris quoted her mother:

    You think you just fell out of a coconut tree? You exist in the context of all in which you live and what came before you.

    This moment went viral during the 2024 election, and it was not long before people started signalling their support for Harris by adding a coconut emoji to their profile or comments.

    The popularity of the coconut meme by Harris supporters indicates a rejection of the derogatory use of the term “coconut” against people of colour “acting white”.

    The production and reception of memes by younger voters demonstrates a media literacy and sophistication that also requires continuous fact-checking.

    This point was made in Taylor Swift’s endorsement of Harris, which urged her followers to do their own “reliability” checking of information in their feeds after Trump and other conservative figures shared AI-generated images of Swift and her fans allegedly supporting Trump.

    3. The televised debate handshake

    A key image from the debate between Harris and Trump came in the first few minutes, when Harris crossed the stage to offer her hand. It was the first debate handshake in eight years.

    This was a bold action given Trump’s prowling movement on the 2016 debate stage against Democratic nominee, Hillary Clinton, and his well documented predilection for firm handshakes.

    The handshake is representative of the campaign, which has been called “a referendum on gender”. It evoked the image of strong and confident leadership – a central theme as Harris spoke passionately about reproductive rights and abortion.

    Televised presidential debates are one of the most keenly watched and analysed moments of the presidential election season. Image is everything.

    Their importance is perhaps best indicated by Justin Sullivan’s photograph of President Joe Biden, mouth agape and looking frail beneath the word “presidential” during the June debate this year.

    While they rarely lead to an outcome as extreme as a candidate exiting the race, as ended up happening with Biden, the images and soundbites they generate can resonate for decades.

    During the first ever nationally televised presidential debate in 1960, Republican candidate Richard Nixon was said to be unwell and refused to wear makeup. Compared to his opponent, Democratic nominee John F. Kennedy, he sweated profusely on stage, creating an image that was disastrous to his eventually unsuccessful campaign.

    Between the staged and “gotcha” moments of every presidential campaign, debates provide a unique – and, in 2024, a singular – window into how the candidates relate to each other as humans across an ever-widening ideological divide.

    Kylie Message has received funding from the Australian Research Council.

    – ref. Memes, photojournalism and television debates: 3 images that defined the 2024 US election – https://theconversation.com/memes-photojournalism-and-television-debates-3-images-that-defined-the-2024-us-election-242689

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-Evening Report: What happens if you have a HELP debt and kids? The missed opportunity in Labor’s plan to fix student loans

    Source: The Conversation (Au and NZ) – By Mark Warburton, Honorary Senior Fellow, Centre for the Study of Higher Education, The University of Melbourne

    Rogut/Pexels , CC BY

    The Albanese government has announced several significant changes to student loans to start in mid-2025.

    These include wiping 20% off debts, increasing the income threshold for compulsory repayments, and changing the amounts people have to repay.

    As well as encouraging Australians to study, the changes aim to provide cost-of-living relief – or, as Prime Minister Anthony Albanese said on Monday:

    putting more dollars in the pockets of people who feel, justifiably, that they’re getting the rough end of the pineapple.

    The changes are certainly an improvement. Unfortunately, they are not as good as they should be – particularly if you have a HELP debt and a family to support.

    What is the point of HELP?

    My analysis of the most recently released tax statistics indicates more than 70% of those required to make a HELP repayment in 2021–22 earned between A$60,000 and A$120,000. Only 20% earned more than $120,000 and less than 10% earned less than $60,000.

    The HECS (now HELP) system was conceived in the 1980s as a way to generate revenue to help the government pay for an expansion of university places.

    It doesn’t matter if people do not repay all of their loans. The primary purpose is to have students who have benefited, and can afford to contribute to the cost of their education, give something back.

    While fairness has always been a key plank of HECS/HELP, there are some major problems with the system. And the changes announced over the weekend continue to ignore them.

    The HECS/HELP system was designed so students would only repay loans if they had the capacity to do so.
    Enrico Della Pietra/ Shutterstock

    What about families?

    Student loan arrangements have never taken account of other government payments and obligations such as social security, taxation rates, taxation rebates and Medicare levies.

    As I have shown in this analysis, for some family types, HELP repayments combine to produce ridiculous effective tax rates.

    Imagine the following scenarios for someone with a HELP debt, earning between $60,000 and $100,000 and who had a pay increase in this income range.

    In 2022-23, if you were single with no kids, the average effective tax rate on the extra earnings was 51%.

    If you were single with two kids aged four and seven, the average effective tax rate on the extra earnings was 77%. If those children were ten and 13, it was 73%.

    The situation is similar in a couple family with two children where only one parent is able to work. The working parent has little incentive to increase their earned income and this won’t change much under the new proposals.

    The reason people in these situations keep so little of their extra earnings is because as family incomes increase, they lose family tax benefits, they pay more tax and their Medicare levy increases.

    There is not enough attention paid to how all these arrangements interact and how they affect people overall.

    We need to know many families are paying HELP

    The government’s plan to increase the HELP repayment threshold to those with an annual income of $67,000 is a welcome improvement. The system was never intended to take money off people with virtually no capacity to pay.

    The government’s plan to simplify the repayment arrangements is also a positive step. The current system has 18 different repayment rates applied to total income, which means people are repeatedly going backwards when they earn extra money. The new plan to only calculate repayments on dollars over the threshold (the marginal rate approach) stops this from happening.

    But the system continues to disregard how people with HELP debts can be in different family circumstances.

    In my work on HELP, I often get asked how many HELP debtors have dependent children. The answer is I do not know and neither does the government.

    None of the data which the government releases provides any information on family circumstances, despite the fact around $4.6 billion was collected from 1.2 million individuals in 2021-22 (the most recent year we have for this data).

    This is vital information to make good policy and fair decisions but we do not have it.

    Could these problems be fixed?

    We could reduce many of the worst impacts here with a single marginal rate for calculating HELP repayments and thresholds which varied depending on the number of children and partner’s income.

    The repayment rate and thresholds could be adjusted to deliver an acceptable repayment level for individuals and sufficient revenue for government to support university funding.

    There is no point in pretending the current system is one in which people have an insignificant level of debt that is repaid quickly after university.

    Typical students today are finishing their degrees owing around $60,000 and many have debts much larger than this. They will continue to make repayments well into their thirties when they have families.

    It is time we had a system that truly recognised this.

    Mark Warburton is a member of the Australian Labor Party and occasional provider of consultancy services to groups such as Universities Australia and the Australian Technology Network.

    – ref. What happens if you have a HELP debt and kids? The missed opportunity in Labor’s plan to fix student loans – https://theconversation.com/what-happens-if-you-have-a-help-debt-and-kids-the-missed-opportunity-in-labors-plan-to-fix-student-loans-242758

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-Evening Report: Bird flu has been detected in a pig in the US. Why does that matter?

    Source: The Conversation (Au and NZ) – By C Raina MacIntyre, Professor of Global Biosecurity, NHMRC L3 Research Fellow, Head, Biosecurity Program, Kirby Institute, UNSW Sydney

    David MG/Shutterstock

    The United States Department of Agriculture last week reported that a pig on a backyard farm in Oregon was infected with bird flu.

    As the bird flu situation has evolved, we’ve heard about the A/H5N1 strain of the virus infecting a range of animals, including a variety of birds, wild animals and dairy cattle.

    Fortunately, we haven’t seen any sustained spread between humans at this stage. But the detection of the virus in a pig marks a worrying development in the trajectory of this virus.

    How did we get here?

    The most concerning type of bird flu currently circulating is clade 2.3.4.4b of A/H5N1, a strain of influenza A.

    Since 2020, A/H5N1 2.3.4.4b has spread to a vast range of birds, wild animals and farm animals that have never been infected with bird flu before.

    While Europe is a hotspot for A/H5N1, attention is currently focused on the US. Dairy cattle were infected for the first time in 2024, with more than 400 herds affected across at least 14 US states.



    Bird flu has enormous impacts on farming and commercial food production, because infected poultry flocks have to be culled, and infected cows can result in contaminated diary products. That said, pasteurisation should make milk safe to drink.

    While farmers have suffered major losses due to H5N1 bird flu, it also has the potential to mutate to cause a human pandemic.

    Birds and humans have different types of receptors in their respiratory tract that flu viruses attach to, like a lock (receptors) and key (virus). The attachment of the virus allows it to invade a cell and the body and cause illness. Avian flu viruses are adapted to birds, and spread easily among birds, but not in humans.

    So far, human cases have mainly occurred in people who have been in close contact with infected farm animals or birds. In the US, most have been farm workers.

    The concern is that the virus will mutate and adapt to humans. One of the key steps for this to happen would be a shift in the virus’ affinity from the bird receptors to those found in the human respiratory tract. In other words, if the virus’ “key” mutated to better fit with the human “lock”.

    A recent study of a sample of A/H5N1 2.3.4.4b from an infected human had worrying findings, identifying mutations in the virus with the potential to increase transmission between human hosts.

    Why are pigs a problem?

    A human pandemic strain of influenza can arise in several ways. One involves close contact between humans and animals infected with their own specific flu viruses, creating opportunities for genetic mixing between avian and human viruses.

    Pigs are the ideal genetic mixing vessel to generate a human pandemic influenza strain, because they have receptors in their respiratory tracts which both avian and human flu viruses can bind to.

    This means pigs can be infected with a bird flu virus and a human flu virus at the same time. These viruses can exchange genetic material to mutate and become easily transmissible in humans.


    The Conversation, CC BY-SA

    Interestingly, in the past pigs were less susceptible to A/H5N1 viruses. However, the virus has recently mutated to infect pigs more readily.

    In the recent case in Oregon, A/H5N1 was detected in a pig on a non-commercial farm after an outbreak occurred among the poultry housed on the same farm. This strain of A/H5N1 was from wild birds, not the one that is widespread in US dairy cows.

    The infection of a pig is a warning. If the virus enters commercial piggeries, it would create a far greater level of risk of a pandemic, especially as the US goes into winter, when human seasonal flu starts to rise.



    How can we mitigate the risk?

    Surveillance is key to early detection of a possible pandemic. This includes comprehensive testing and reporting of infections in birds and animals, alongside financial compensation and support measures for farmers to encourage timely reporting.

    Strengthening global influenza surveillance is crucial, as unusual spikes in pneumonia and severe respiratory illnesses could signal a human pandemic. Our EPIWATCH system looks for early warnings of such activity, which can speed up vaccine development.

    If a cluster of human cases occurs, and influenza A is detected, further testing (called subtyping) is essential to ascertain whether it’s a seasonal strain, an avian strain from a spillover event, or a novel pandemic strain.

    Early identification can prevent a pandemic. Any delay in identifying an emerging pandemic strain enables the virus to spread widely across international borders.

    Australia’s first human case of A/H5N1 occurred in a child who acquired the infection while travelling in India, and was hospitalised with illness in March 2024. At the time, testing revealed Influenza A (which could be seasonal flu or avian flu), but subtyping to identify A/H5N1 was delayed.

    This kind of delay can be costly if a human-transmissible A/H5N1 arises and is assumed to be seasonal flu because the test is positive for influenza A. Only about 5% of tests positive for influenza A are subtyped further in Australia and most countries.

    In light of the current situation, there should be a low threshold for subtyping influenza A strains in humans. Rapid tests which can distinguish between seasonal and H5 influenza A are emerging, and should form part of governments’ pandemic preparedness.

    A higher risk than ever before

    The US Centers for Disease Control and Prevention states that the current risk posed by H5N1 to the general public remains low.

    But with H5N1 now able to infect pigs, and showing worrying mutations for human adaptation, the level of risk has increased. Given the virus is so widespread in animals and birds, the statistical probability of a pandemic arising is higher than ever before.

    The good news is, we are better prepared for an influenza pandemic than other pandemics, because vaccines can be made in the same way as seasonal flu vaccines. As soon as the genome of a pandemic influenza virus is known, the vaccines can be updated to match it.

    Partially matched vaccines are already available, and some countries such as Finland are vaccinating high-risk farm workers.

    C Raina MacIntyre receives funding from NHMRC (L3 Investigator grant and Centre for Research Excellence) and MRFF (Aerosol transmission of SARS-CoV-2 experimentally and in an intensive care setting) currently. She currently receives funding from Sanofi for research on influenza and pertussis. She is the director of EPIWATCH®️, which is a UNSW, Kirby Institute initiative. She has been an invited speaker at the 2024 Options for The Control of Influenza at four symposia organised by Moderna, Pfizer, Sanofi and Seqirus respectively.

    Haley Stone receives funding from The Balvi Filantropic Fund. Haley Stone would like to acknowledge the support through a University International Postgraduate Award from the University of New South Wales.

    – ref. Bird flu has been detected in a pig in the US. Why does that matter? – https://theconversation.com/bird-flu-has-been-detected-in-a-pig-in-the-us-why-does-that-matter-242688

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-Evening Report: Yes, burning gas is bad for the climate. But keeping it in Australia’s energy mix is sensible

    Source: The Conversation (Au and NZ) – By Roger Dargaville, Director Monash Energy Institute, Monash University

    Shutterstock

    Both major parties in Australia see a significant role for gas as the world shifts to clean energy in a bid to avert dangerous climate change.

    The Albanese government says new sources of gas are needed to meet demand during the energy transition. And the Coalition, if elected, would expand gas use as it prepares for nuclear power.

    Of course, some people argue that the grave threat of climate change means we should not burn any gas. Others say the strong growth in renewable energy generation and storage means Australia won’t need gas into the future.

    So who is right? As I explain below, renewable energy is a huge part of the solution but doesn’t solve every problem. So keeping some gas-fired generators in the electricity mix, and using them only when necessary, is a sensible compromise.

    Getting to grips with gas

    There are almost 40 large natural gas-fired generators in Australia, and they are an important part of the National Electricity Market.

    According to Open Electricity — a platform for tracking Australia’s electricity transition – the gas facilities generate around 4% of the electricity we consume and comprise about 17% of overall generation capacity.

    The data also shows gas plants in Australia run at just 9% of their overall capacity, meaning they are idle much of the time. Some gas plants get used quite a lot, others only rarely. But when the plants are called on – during times of peak electricity use – their services are vital.

    Overnight, our demand for electricity dips. But when we wake in the morning and start toasting bread and boiling kettles and the like, electricity demand picks up.

    Demand eases off in the middle of the day as the sun rises high in the sky and Australia’s booming rooftop solar reaches its peak electricity output. But when the sun sets and rooftop solar is no longer producing, electricity use peaks. This early-evening demand creates a big challenge to the system.

    That’s why we need technologies that can produce electricity at any time of day or night – and do it quickly. That’s where gas-fired generation – and other “dispatchable” forms of electricity – come in.

    How do gas fired generators work?

    Gas generators come in two main types.

    An “open cycle generator”, also known as a Brayton cycle turbine, is essentially a jet engine. It combusts gas in a chamber to create enormous pressure that spins large fans. This drives a shaft that spins in the generator to produce electricity.

    This technology is relatively cheap to build and can start up very quickly – but it’s also quite inefficient to operate. It uses a lot of expensive fuel, and creates a lot of waste heat.

    The second type is known as a “combined cycle generator”. It also uses a Brayton cycle gas turbine. But it captures exhaust heat from the turbine and uses it to create steam, which in turn powers a second turbine (known as a Rankine cycle). This significantly increases the amount of electricity produced for the same amount of gas burned.

    So while this technology is relatively efficient, it’s also more expensive to build and takes longer to ramp up and down.

    Other types of gas generators exist, but they’re a relatively small part of Australia’s fleet.

    A video explaining how gas turbines work.

    Gas is not the only option

    Gas plants are not the only facilities capable of firming up Australia’s electricity grid as the share of renewables increases.

    Hydro power can also quickly ramp up to meet the evening peak. However the potential for building new conventional hydro in Australia is very limited due to the lack of large river systems and the significant environmental impact on rivers and surrounding areas.

    Coal-fired generators have potential to ramp up production, but are generally not designed to do this every evening. Plus, Australia’s fleet of old coal plants is on a fast path to retirement.

    To maintain the delicate balance of supply and demand, more will be required of gas and hydro, to produce electricity, and batteries and pumped hydro, to store it.

    Pumped hydro works by using excess renewable energy to pump water up a hill. When electricity demand is high, the water is released and passes through a turbine, producing power.

    The potential for pumped hydro energy storage in Australia is large, and some projects are likely to be economically viable. But the projects can face challenges, as demonstrated by delays and cost blowouts facing Snowy 2.0 in New South Wales.

    Large-scale lithium-ion batteries are relatively easy to install. Many projects have been built or are in the pipeline. But batteries are not great for long-duration energy storage.

    All this means gas-fired power generation is likely to have a future in Australia in coming decades.

    The downsides of gas

    Methane is the main component of natural gas. It’s also a potent contributor to global warming.

    During natural gas production and transport, gas leaks inevitably occur. This is a problem for climate change.

    So too is the carbon dioxide produced when the gas is burned to produce electricity.

    To tackle climate change, we must dramatically reduce the amount of gas we use in our electricity system. Gas use should also be eliminated for heating and cooking in our homes and, where possible, in industry.

    So where does that leave us?

    Unfortunately, no perfect solution exists to Australia’s electricity supply-demand conundrum.

    The most likely, most economic and most environmentally acceptable approach is to use a “portfolio” of technologies: lots of batteries and pumped hydro but also some gas.

    Because to keep the system stable and reliable, we need some capacity that will mostly sit idle, getting used on only a few occasions. For that reason, the technologies should be relatively cheap to build and able to run for extended periods when wind and solar generation are abnormally low.

    Gas-fired power – especially open cycle generators – meets that requirement. Pumped hydro and batteries do not.

    The gas plants we keep in the grid will not often be used, and so will produce relatively low amounts of carbon dioxide.

    Nuanced questions remain. What will it cost to keep a gas network operating to serve a fleet of gas generators that run only for a few days a year? Gas pipelines have to be kept pressurised, and the cost of running a gas extraction network for small demand may also be uneconomical.

    Non-fossil options such as biogas, hydrogen or synthetically produced methane are possible longer term options. But they are also expensive. And new technologies – such as flow batteries, thermal energy storage and cryogenic energy storage – are on the horizon.

    So, keeping some gas-fired generators on standby, and using them sparingly as needed, is a reasonable approach. It allows us to reduce emissions as much as possible, and keep our electricity system secure and affordable.

    Roger Dargaville receives funding from the Woodside-Monash Energy Partnership, RACE for 2030 CRC, and he consults for industry and government bodies.

    – ref. Yes, burning gas is bad for the climate. But keeping it in Australia’s energy mix is sensible – https://theconversation.com/yes-burning-gas-is-bad-for-the-climate-but-keeping-it-in-australias-energy-mix-is-sensible-241689

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-OSI USA: SPC Tornado Watch 705

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL5

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 705
    NWS Storm Prediction Center Norman OK
    130 PM CST Mon Nov 4 2024

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Western Arkansas
    Extreme southeast Kansas
    Southwest Missouri

    * Effective this Monday afternoon and evening from 130 PM until
    900 PM CST.

    * Primary threats include…
    A few tornadoes likely with a couple intense tornadoes possible
    Scattered damaging wind gusts to 70 mph likely
    Isolated large hail events to 1.5 inches in diameter possible

    SUMMARY…Multiple rounds of thunderstorms will affect the watch
    area this afternoon and evening. Strong winds aloft and a
    warm/moist environment will pose a risk of severe storms capable of
    damaging winds and a few tornadoes.

    The tornado watch area is approximately along and 40 statute miles
    east and west of a line from 60 miles north northeast of Joplin MO
    to 40 miles west southwest of Hot Springs AR. For a complete
    depiction of the watch see the associated watch outline update
    (WOUS64 KWNS WOU5).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 704…

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW5
    WW 705 TORNADO AR KS MO 041930Z – 050300Z
    AXIS..40 STATUTE MILES EAST AND WEST OF LINE..
    60NNE JLN/JOPLIN MO/ – 40WSW HOT/HOT SPRINGS AR/
    ..AVIATION COORDS.. 35NM E/W /27SE BUM – 47NNE TXK/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 37959334 34249305 34249445 37959481

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU5.

    Watch 705 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    High (70%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Mod (40%)

    Wind

    Probability of 10 or more severe wind events

    High (70%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (30%)

    Probability of 1 or more hailstones > 2 inches

    Low (20%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI USA: China Tightens Grip on Critical Minerals – China Digital Times

    Source: United States Institute of Peace

    China has extended its dominance at home and abroad over critical minerals that are essential to future high-tech and renewable-energy industries. Amid intensifying geopolitical competition, Western countries are increasing their efforts to claw back market share while countries in the Global South, where many of these minerals are mined, are attempting to capitalize on growing global demand. A recent article on the subject by The Economist stated that in 2023 Chinese companies invested roughly $16 billion in foreign mines, the highest figure in a decade, up from less than $5 billion the year before. This month, Chinese companies have announced plans to invest billions of dollars in mines in Afghanistan, Ghana, Zambia, and the Philippines. Keith Bradsher at The New York Times reported that over the past few weeks, the Chinese government has enacted measures to increase its grip over the mining and refining of rare minerals within China by making it harder for foreign companies to purchase them:

    As of Oct. 1, exporters must provide the authorities with detailed, step-by-step tracings of how shipments of rare earth metals are used in Western supply chains. That has given Beijing greater authority over which overseas companies receive scarce supplies.

    China is also taking greater corporate ownership over the mining and production of the metals. In a deal that has received almost no attention outside the country, the last two foreign-owned rare earth refineries in China are being acquired by one of the three state-owned companies that already run the other refineries in China.

    Beijing’s recent moves to take charge of the supply chain include other obscure chemical elements that are also needed by semiconductor manufacturers. On Sept. 15, China’s Ministry of Commerce restricted exports of antimony, a material used in semiconductors, military explosives and other weaponry. Last year, the ministry imposed export controls on two other chemical elements, gallium and germanium, also needed to make chips.

    National security officials have tightened the flow of information about rare earths. They have labeled rare earth mining and refining as state secrets. Last month, the Ministry of State Security announced that two managers in the rare earths industry had been sentenced to 11 years in prison for leaking information to foreigners. [Source]

    In September, a coalition of 14 Western countries and the European Commission formed the Minerals Security Partnership, a new financing network to support critical mineral projects and break China’s dominance over this sector. Despite initiatives like these, the U.S. has struggled to compete with China for critical minerals, for many reasons. One is that Chinese state-owned companies “have periodically flooded world markets with rare earths to drive down the price whenever Western producers try to ramp up production,” Bradsher wrote. Just this week, Chinese mining giant CMOC announced that it reached its full-year cobalt production target three months ahead of schedule. Eric Olander from the China-Global South Project argued that “CMOC’s strategy is unrelated to pricing conditions and more about keeping Western rivals on the sidelines [,…which] gives China an unrivaled advantage over its rivals in the U.S., Europe, and Asia that are moving aggressively to cut Chinese firms out of their supply chains — which, at least for cobalt, is not going to be possible for a very long time.” Eliot Chen at The Wire China wrote about how American policymakers are considering expanding the U.S. stockpile of critical minerals to compete with China, which has been “the master of the game” when it comes to leveraging its stockpiles:

    “China’s stockpile has a dual purpose: one is defensive and the other is economic, to support domestic industry when prices get too high for downstream industries like the electricity sector, and then conversely when prices are too low and domestic producers like copper smelters have difficulty remaining profitable,” says [Gregory Wischer, principal at Dei Gratia Minerals, a critical minerals consultancy]. 

    What, exactly, China stockpiles is not publicly known, and Chinese authorities are rarely transparent about when they buy up and sell down their stockpiles. But because of the country’s dominance over much of the critical mineral supply chain, even rumors of its intentions can produce wild swings in the price of metals. For example, while Chinese lithium producers account for less than 20 percent of mine production, China refines more than two-thirds of the metal. For other metals like graphite, which has vital defense applications, Chinese refiners control more than 90 percent of the market. 

    China’s outsized influence over the market, combined with its heavy investment in mining assets abroad, have helped it consolidate its control over global supply. An about-face by Chinese policymakers over electric vehicle subsidies in 2018, for example, resulted in a glut of lithium on the market. Chinese companies were then able to step in and acquire distressed lithium miners in Australia and Canada relatively cheaply. [Source]

    China’s monopoly over various critical-mineral supply chains in Africa has motivated the U.S. government to increase engagement in the region. A major component of this U.S. strategy is the $4 billion Lobito Corridor project, which seeks to connect the Port of Lobito in Angola to Zambia and the Democratic Republic of Congo, thereby facilitating American and European access to cobalt and copper. But some local observers see selfish motives in this engagement. “This rivalry-driven approach narrows the scope for a partnership with Africa based on mutual benefit and long-term development. The continent, and the DRC in particular, should not be seen merely as a resource base to fuel external interests,” said Carlos Lopes, a professor at the Nelson Mandela School of Public Governance at the University of Cape Town in South Africa. He added, “Without a genuine commitment to local development, [the Lobito Corridor project] risks perpetuating Africa’s role as a supplier of raw materials rather than fostering economic transformation on the continent.” Analyzing China-Africa critical mineral cooperation in an article last month for the U.S. Institute of Peace, Cobus van Staden explored the potential for U.S.-China cooperation and described how African nations are looking to navigate both sets of relationships to their own benefit:

    The second factor complicating the narrative of direct competition [between the U.S. and China in the region] is the drive from African countries to locate more strategic mineral refining and related manufacturing in Africa. African critical mineral strategies, developed by continental bodies like the African Development Bank, emphasize local refining and value addition, an ambition now enjoying official Chinese support, as well as support from the U.S. through initiatives such as the Minerals Security Partnership among others. For example, the partners involved in the Lobito Corridor have similarly signed agreements with African countries to do more refining locally. These include EU agreements with Zambia and the DRC for mineral-driven value addition, and a trilateral agreement between Zambia, the DRC and the U.S. for domestic electric vehicle supply chain development.

    […] FOCAC 2024 put these complications [including whether Western nations can expand their refining capacities at home despite the potential for environmental and community pushback] in stark relief because it highlighted an increased sense of synergy and coordination around green energy and critical mineral value addition in the China-Africa relationship. A similar focus is developing between the continent and its Western partners. The question now is whether the continent will be able to wield both sets of relationships to its own benefit, even as great-power tensions over critical minerals heat up. [Source]

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI Europe: Press release – Hearing of Commissioner-designate Maroš Šefčovič

    Source: European Parliament

    On Monday, the International Trade and Constitutional Affairs committees questioned Šefčovič, Slovak candidate for Trade and Economic Security/ Interinstitutional Relations and Transparency.

    The committee chairs and political group coordinators will meet without delay to assess the performance and qualification of the Commissioner-designate.

    In his introductory statement, Mr Šefčovič reminded MEPs that trade is “marked by stark competition over disruptive new technologies,  and the weaponisation of economic dependencies”, making trade a “geostrategic tool”.  With the US election imminent, the Commissioner-designate said: “Regardless of the outcome of the US elections, I will put forward an offer of cooperation”. He added that the EU will have to solve its disputes with the US, citing steel and aluminium, and protectionist elements in the Inflation Reduction Act (IRA).

    On inter-institutional relations, he committed to enhancing the Commission’s cooperation with Parliament, not least through the soon to be revamped Framework Agreement. Mr Šefčovič also referred to a Commission’s commitment to follow-up on Parliament’s indirect legislative initiatives, ensure that comprehensive justification would be provided for the use of the extraordinary procedure of Article 122, and facilitate progress on Parliament’s call for a full right of inquiry. Further, he announced an expansion of the EU’s Transparency Register’s scope “to all managers”.

    China

    Mr Šefčovič described China as the most challenging trading partner, one with which the EU needs to rebalance its relationship. He told MEPs that, after EU’s duties on electric vehicles made in China, in place since last week, Commission negotiators are now in talks with Chinese counterparts on price undertakings. “EU is not interested in trade wars, we are looking for rebalancing our relationship with China in areas where we feel our relationship is not fair,” Mr Šefčovič said, citing overcapacity, subsidies, and the lack of level playing field.

    Mercosur, Israel  and FTAs

    MEPs grilled the Commissioner-designate over the ongoing negotiations with Mercosur countries, Brazil, Argentina, Uruguay and Paraguay. Mr Šefčovič pledged to continue work on free trade agreements (FTA) with Mexico and Australia, and said he wants the EU to be more present in Thailand, the Philippines and India. Responding to MEPs, he pointed to the Sustainable Investment Facilitation Agreement (SIFA) with Angola and the Economic Partnership Agreement with Kenya as new types of agreements that could help the EU.

    Asked by MEPs if the EU was breaching international law as it keeps its trade ties with Israel under the EU-Israel association agreement, Mr Šefčovič said that the agreement “can be changed only by unanimity” among member states.

     

    Priorities for interinstitutional relations

    Many MEPs highlighted the importance of treaty change based on Parliament’s proposals which were inspired by the Conference on the Future of Europe. The Commissioner-designate said that the key to moving forward on this is getting a clear position by the European Council: they will work with the new presidency of Antonio Costa to this aim.

    The debate revolved around the need for reforms to prepare for enlargement and to activate the “passerelle” clause in key policy areas, as well as transparency, with some MEPs bringing up worrying reports about Commission practices. Other topics included better cooperation with national parliaments and applying the findings of the Draghi report in the EU’s institutional architecture.

    Press point

    At the end of the hearing, the Chair of the Committees of International Trade, Bernd Lange, and Constitutional Affairs, Sven Simon, held a press point outside the meeting room: watch it here.

    Next steps

    Based on the committee recommendations, the Conference of Presidents (EP President Metsola and political group chairs) is set to conduct the final evaluation and declare the hearings closed on 21 November. Once the Conference of Presidents declares all hearings closed, the evaluation letters will be published.

    The election by MEPs of the full college of Commissioners (by a majority of the votes cast, by roll-call) is currently scheduled to take place during the 25-28 November plenary session in Strasbourg.

    MIL OSI Europe News –

    January 26, 2025
  • MIL-OSI Economics: Thales: Launch of the 2024 Employee Share Ownership Plan

    Source: Thales Group

    Headline: Thales: Launch of the 2024
    Employee Share Ownership Plan

    04 Nov 2024

    Share this article

    Thales (Euronext Paris: HO) announces the launch of its 2024 employee share ownership plan, running from Monday 4 November to Friday 24 November 2024. This offer is available to Thales employees across 36 countries who are participants in the Group Savings Plan and have at least three months of seniority as of 24 November 24 2024, as well as to the company’s retirees. ​

    The plan offers a 20% discount on the Thales share price, along with a 50% matching contribution on personal investment up to a maximum of €500, funded by Thales. ​

    The objective of this plan is to strengthen the bond between Thales and its employees by providing them with the opportunity to become more closely associated with the Group’s goals, performance, and future successes.

    Terms of the 2024 Employee Share Ownership Plan

    This share offer is available to employees in France, South Africa, Germany, Saudi Arabia, Australia, Belgium, Brazil, Canada, China, Colombia, Denmark, Egypt, United Arab Emirates, Spain, the United States, Finland, Hong Kong, India, Israel, Italy, Japan, Luxembourg, Mexico, Norway, the Netherlands, the Philippines, Poland, Portugal, Qatar, Czech Republic, Romania, Singapore, Sweden, Switzerland, and Turkey who are eligible and participate in the Group Savings Plan. ​

    In the United Kingdom, Thales shares will be offered through a Share Incentive Plan (SIP).

    Offered Shares ​

    The Thales share offer to Group employees will be conducted through the transfer of existing treasury shares previously repurchased by Thales under a share buyback programme authorised by the shareholders’ general meeting in accordance with Article L. 22-10-62 of the French Commercial Code. The transfer of shares to employees and retirees participating in the Group Savings Plan will be carried out under the provisions of Articles L. 3332-18 and following of the French Labour Code, except for the offer in the United Kingdom, where it will be conducted under an SIP. ​

    On 3 April 2024, the Board of Directors decided to implement this employee share ownership plan and delegated the necessary powers to the Chairman and CEO for its execution. In line with the Board’s decision, the offer will cover a maximum of 600,000 shares, with a cost cap of €31 million (including the discount and matching contributions in the employee share ownership plan and SIP matching contributions).

    The Chairman and CEO, by delegation from the Board of Directors, set the subscription period dates and acquisition price by decision on 28 October 2024. The acquisition price is set at 80% of the reference price. ​

    The reference price, noted by the Chairman and CEO on 28 October 2024, is the average of Thales’s opening share prices on the Euronext Paris market over the twenty (20) trading days preceding this date, amounting to €149.61. Accordingly, the acquisition price for employees is €119.69. For the offer in the United Kingdom, the acquisition price will be determined in accordance with the applicable SIP rules. ​

    The shares acquired by offer participants, being existing ordinary shares, are fully assimilated with the existing ordinary shares that make up Thales’s share capital. ​

    Offer Conditions

    • Eligible Offer Participants: The offer is open to employees of the included companies who are part of the Group Savings Plan, regardless of their employment contract (permanent or fixed-term, full-time or part-time) and with a minimum of three months’ seniority. Retirees and early retirees from Thales’s French companies who joined the Group Savings Plan prior to their departure are also eligible, provided they have maintained holdings in the Group Savings Plan since retirement or early retirement. ​
    • Included Companies:
      • Thales, with share capital of €617 825 739, headquartered at 4 rue de la Verrerie, 92190 Meudon, France, and ​
      • Thales Group companies in which Thales holds, directly or indirectly, more than 50% of the share capital, with headquarters in France, South Africa, Germany, Saudi Arabia, Australia, Belgium, Brazil, Canada, China, Colombia, Denmark, Egypt, United Arab Emirates, Spain, the United States, Finland, Hong Kong, India, Israel, Italy, Japan, Luxembourg, Mexico, Norway, the Netherlands, the Philippines, Poland, Portugal, Qatar, Czech Republic, Romania, Singapore, Sweden, Switzerland, and Turkey, who are (or will be) participants in the Group Savings Plan.
    • Participation Methods: Shares will be acquired through employee mutual funds (FCPE) or directly, depending on the country, and via a Trust within the SIP framework. ​
    • Share Purchase Formula: Employees may acquire Thales shares through a classic subscription formula. Employees will receive a 50% matching contribution from their employer on their subscription amount, capped at a maximum contribution of €500. ​
    • Voting Rights: Voting rights attached to the shares will be exercised by the FCPE supervisory board in FCPE countries, and directly by employees in countries where shares are held directly.
    • Subscription Cap: Annual contributions by offer beneficiaries to the Group Savings Plan may not exceed a quarter of their gross annual salary, in accordance with Article L.3332-10 of the French Labour Code. ​
    • Share Retention Requirement: Employees participating in the offer must retain their corresponding FCPE shares or directly held shares for five years, except in cases of early release as defined by Article R. 3334-22 of the French Labour Code or local regulations. For shares acquired through the SIP in the United Kingdom, the retention conditions differ depending on the share type (partnership or matching shares).

    Indicative Operation Timeline ​

    • Subscription Period: From 4 November 2024 (inclusive) to 24 November 2024 (inclusive). ​
    • Offer Settlement Delivery: Scheduled for 17 December 2024. ​

    Listing ​

    Thales shares are listed on the Euronext Paris market (ISIN Code: FR0000121329).

    This press release has been prepared in accordance with the exemption from publication of a prospectus provided for in Article 1.4(i) of Prospectus Regulation 2017/1129.

    International Notice

    This release does not constitute a sales offer or a solicitation to acquire Thales shares. The Thales employee share offer will be conducted only in countries where such an offer has been registered or notified to the relevant local authorities and/or approved by a local authority prospectus, or where an exemption applies regarding the need for a prospectus or offer registration or notification. ​

    More generally, the offer will only take place in countries where all required registration procedures and notifications have been completed, and necessary authorisations obtained. For residents of Israel, the offer is conducted in accordance with the Information Document available on the website dedicated to the offer.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aeronautics & Space, and Cybersecurity & Digital identity.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Australia: Dr Katrina Wruck awarded 2025 Young Australian of the Year

    Source: Australian Ministers for Education

    Congratulations to Dr Katrina Wruck from Queensland for being awarded the national 2025 Young Australian of the Year.

    Katrina has been recognised for research is giving back to remote communities. 

    Based on her research, Katrina has set up a profit-for-purpose business, Nguki Kula Green Labs, which is poised to transform the consumer goods sector by harnessing the power of green chemistry, while inspiring others to step into STEM.

    Katrina’s method of converting mining by-products to zeolite LTA – which can remove contaminants from water that cause hardness – will be commercialised. Her postdoctoral research examines how to break down dangerous ‘forever chemicals’ into benign ones. Altogether, Katrina’s work is a possible foundation for reducing global contamination.

    A proud Mabuigilaig and Goemulgal woman who has long advocated for First Nations knowledge, Katrina also participates in community engagement programs. She is frequently told by the students she speaks to that she’s the first Indigenous scientist they’ve met. Her work has been recognised with several awards and she is already well known in her field.

    What Katrina has accomplished in just a short time is remarkable.

    Her commitment, dedication and care for others demonstrates the best of what young Australians contribute to our communities.

    Katrina was chosen as this year’s Young Australian from an impressive field of state and territory recipients who are all paving the way to a brighter future:

    • Daniel Bartholomaeus, an artist and advocate for the neurodivergent community, from the Australian Capital Territory is a mentor with The With Friends Initiative, a social group for neurodivergent young people. Daniel uses art not only for self-expression but to bridge the gap between neurotypical and neurodiverse people.
    • Maddison O’Gradey-Lee from New South Wales co-founded the Orygen Global Youth Mental Health Fellowship in 2020. Maddison has created a global community that’s combating taboos around mental health and was the first person from Oceania to win the Dalai Lama Peace Fellowship.
    • Victoria’s Aishwarya Kansakar is a globally renowned AI and automation entrepreneur, who was raised amidst Nepal’s civil war and went on to teach herself computing. Today Aishwarya heads Syncrowin, building a world-first AI-powered automation system and is also Women 4 STEM’s chief operating officer, where she leads 300 volunteers, impacting 70 schools and 66,000 women’s STEM careers.
    • Amber Brock-Fabel from South Australia founded the South Australian Youth Forum in 2021 at just 17 years old, ensuring youth voices are heard by lawmakers and relevant organisations. Under Amber’s leadership, the Forum was recently represented at the United Nations Summit of the Future, the National Inquiry into Civics Education and the Australian Conference on Youth Health.
    • From the Northern Territory, Nilesh (Nil) Dilushan’s commitment to community service has led him to co-found two successful community initiatives: The Kindness Shake; and Rotaract Young Professionals Northern Territory. These organisations focus on upskilling young people, addressing literacy gaps and creating employment pathways, making a positive impact on their local communities.
    • Ariarne Titmus OAM from Tasmania has already achieved more in her sporting career than most could ever dream of. Ariarne has demonstrated extraordinary dedication and grit to improve her performance in the pool and is a role model for young swimmers who want to improve and test the boundaries of what is possible. Ariarne holds several world records and has won gold medals in both the 2020 Tokyo and 2024 Paris Olympics.
    • Through Elucidate Education, Western Australia’s Jack Anderson passionately pursues greater equity and educational access in Australia and beyond. Jack has led the publication of many textbooks for senior study and coordinates regular trips to remote areas of Western Australia, donating educational materials to the most socio-economically disadvantaged, rural and Indigenous students, empowering them for success. 

    Congratulations to Katrina, and to all the national nominees. You are a source of inspiration for all Australians.

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Australia: Tasmania Police focus on road safety over the long weekend in the North-West

    Source: Tasmania Police

    Tasmania Police focus on road safety over the long weekend in the North-West

    Saturday, 2 November 2024 – 8:53 am.

    Police in the North-West will be out in force this long weekend, with a strong focus on ensuring the safety and well-being of all residents and visitors. The focus will be rural roads, camping areas, and popular beaches across North-West and West Coast.
    Inspector Adam Spencer of Western Road Policing Services said the primary goal is to ensure that everyone has a safe and enjoyable long weekend.
    “We will be intensifying our patrols and focusing on high-risk areas.”
    “We want to remind everyone of the importance of following the road rules, particularly the Fatal Five: speeding, drink and drug driving, not wearing your seatbelt, driving while fatigued, and distracted driving.”
    “We will have an increased presence in rural areas and camping sites, where the combination of unfamiliar roads and increased traffic can pose significant risks.”
    “Popular beach destinations will also see heightened patrols to ensure that the influx of holidaymakers does not compromise road safety.”
    “We aim to prevent crashes before they occur rather than dealing with the aftermath.”
    “As a police officer one of the hardest parts of the job is telling a family that their loved one has been killed in a road crash.”
    “We make no apologies for showing zero tolerance when it comes to unacceptable driver behaviour.”
    “Random breath tests and drug tests will be conducted throughout the long weekend.”
    “We will be conducting random testing and taking swift action against anyone found breaking the law. Our message is clear: if you drink or use drugs, do not drive,” said Inspector Spencer
    All road users are urged to stay vigilant and prioritise safety during the long weekend.
    “We want everyone to enjoy their long weekend, but we also want them to return home safely. Plan your journeys, take regular breaks, and avoid any risky behaviours. Let’s make this a safe and enjoyable time for everyone.”

    MIL OSI News –

    January 26, 2025
  • MIL-OSI USA: Press Gaggle by Press Secretary Karine Jean-Pierre and Acting Labor Secretary Julie Su En Route Philadelphia,  PA

    US Senate News:

    Source: The White House
    Aboard Air Force OneEn Route Philadelphia, Pennsylvania
    2:43 P.M. EDT
    MS. JEAN-PIERRE:  All right, everybody.  Hey, everyone.
    Q    Hi.
    MS. JEAN-PIERRE:  Hi, hi, hi.  Okay.  I know this is a short flight, but I do have a couple things at the top that’s important.
    So, to start, I wanted to mention that open enrollment in the Federal Care Act marketplace, where more than 20 million Americans get health insurance, starts today.  More than a decade after passage of the law, Americans’ health care remains under threat.  Just this week, Speaker Johnson promised massive reform to the ACA.  The Republican Study Committee budget cuts a staggering $4.5 trillion from the ACA, Medicaid, and the Children’s Health Insurance Program, consistent with every budget proposed by the former president.
    Senator J.D. Vance has taken aim at the very idea of the risk pooling between healthy and sick which lies at the heart of the ACA.  And Republicans in Congress have made clear that one of their first orders of business would be raising premiums in ACA health insurance by an average of 800 bucks per person per year.
    President Biden and Vice President Harris have done the po- — the opposite, bringing health insurance to more than ev- — more than ever — mor- — more people than ever before, lowering ACA premiums by 800 bucks per year, getting rid of red tape that the prior administration used to try to keep people from enrolling and expanding enrollment support.
    The president and vice president will keep standing up for the affordable health insurance, and they will block any attempt to rip it away. 
    Shifting gears just a second, I wanted to quickly discuss a recent ProPublica series highlighting reports of women in states like Texas and Georgia who have died after being denied the lifesaving care they need because of extreme abortion bans.  The stories are heartbreaking, scary, and sickening a- — sickening.  It’s hard to believe or accept as reality, and it’s completely unacceptable. 
    This should never happen in America, but, sadly, it is, and tho- — and these abortion bans that are denying women lifesaving care are only possible because the former president appointed three Supreme Court justices who overturned Roe v. Wade.  The devastating and gut-wrenching consequences of these bans put in place are — enforced by Republican elected officials are very clear. 
    President Biden and Vice President Harris believe that women in every state must have the right to make deeply personal decisions about their health.  They also believe that no woman should ever be denied the care she needs.  They will continue to fight back against these extreme bans and call on Congress to restore the protections of Roe v. Wade into federal law.
    And finally, we’re en route, as you all know, to Philadelphia, where the president will announce new actions to further his administration’s historic support for unions.  While in Philadelphia, he’ll announce that his administration has protected 1.2 million pensions because of the American Rescue M- — Rescue Plan’s Butch Lewis Act.  During the visit, President Biden will announce new funding to prevent cuts to the earned pensions benefits of 29,000 UFCW workers and retirees.
    As you can see to my right, I’m joined by acting secretary — Labor Se- — Labor — Labor, Julia Su, who will share more about today’s action and the historic work the President Biden — the president and the vice president have done to support unions.
    ACTING SECRETARY SU:  Thank you so much, Karine.  Thank you all for being here.  And so, Karine mentioned this.  We are headed to Philadelphia to announce the restoration of the UFCW Tri-State Pension Fund.  This is part of the president’s commitment, which he has had from day one, to do right by working people.  We know that when jobs are good, when working people are protected, our economy is stronger; our nation is stronger. 
    This is the third event that I’m doing like this.  The — the first one was with the carpenters in Detroit.  The second was with the Teamsters in Centralia, Illinois.  Again, you know, a situation where working people who had worked a lifetime and were expecting to be able to retire with dignity because of their pensions were seeing the end of those pensions and were going to see their — their benefits slashed dramatically.
    Because of the Butch Lewis Act, because of the actions of President Biden and Vice President Harris — noting that Vice President Harris cast the deciding vote to pass the American Rescue Plan, of which the Butch Lewis Act is a part — because of that, these individuals are now going to be able to retire, to be able to live with dignity, to be able to take care of themselves and their families as they expected.
    This announcement also comes, obviously, on the same day that we’ve had a jobs day, and, you know, it’s always a time to talk about good jobs, because this administration now, you know, has presided over more jobs being created than any other administration in the same time period.  It’s now over 16 million jobs.  GDP remains strong.  Inflation is still falling.  Wages are still increasing.  Wages have grown faster than inflation for now 17 months straight.  And the unemployment rate remains at 4.1 percent, so it’s been around 4 percent for the longest stretch since the 1960s.
    So, labor market remains very strong, and this shows what happens when you have a president and a vice president who are fighting for workers every single day.
    MS. JEAN-PIERRE:  All right.  Thank you.   Go ahead.
    Q    Thank you, Secretary.  On the jobs report, should Americans be concerned of — that the economy is cooling in this moment, and what is the administration doing at the moment to ensure that jobs continue to be generated going forward?
    ACTING SECRETARY SU:  Great.  So, two questions and two answers.  No, we should not be concerned about cooling.  There were some anomalies last month that led to a much lower jobs number.  One was, of course, the devastating hurricanes — back-to-back hurricanes that hit the southeast part of the country.  You know, we saw people who lost their lives, lost their homes, lost their businesses.  The federal government was on the ground immediately, working with state and local authorities to do everything from search and rescue to clearing roads to making sure that people had water and power back.
    But in terms of the jobs numbers, it meant that there were employers who, you know, would have been hiring or may have been even ramping up because of the holiday season coming up who just simply couldn’t do that.  So, the hurricanes had a really big effect.
    And then, of course, there were workers on strike — over 30,000 of them.  And the — when they’re on strike, their numbers also, you know, show up as a decrease in the jobs.  Just the — the nature of the — of the numbers.
    But what do we need to do to continue the incredible economy that we have had is to keep on making the investments that the Biden-Harris administration has had, you know, the — where we’ve got over 60,000 infrastructure projects going on around the country.  I’ve visited many of them.  We have apprenticeship programs bursting at the seams.  People being able to look for jobs and get jobs in communities that were shuttered, where factories were closed in the last administration, now opening up again.  And we just need to keep up that work.
    Q    Can I ask about the Boeing strike situation?  It sounds like there’s a vote set for Monday, if memory serves.  Can you speak to what your view is — is on the latest on that and whe- — whether membership will accept?  Will you expect that this will pass —
    ACTING SECRETARY SU:  Yes.
    Q    — as opposed to the previous time when it (inaudible)?
    ACTING SECRETARY SU:  Yes.  So, I was in Seattle from Monday to Wednesday.  I brought the parties together at the — at my office in Seattle.  They, you know, deserve a lot of credit.  I want to acknowledge the leadership of both the machinists and Boeing for coming to the table and doing the hard work of negotiating. 
    You know, the president says this all the time; the vice president acknowledges this all the time: Collective bargaining works.  It doesn’t always look pretty from the outside, but when workers have a voice, when unions are strong and workers are able to help determine the conditions of their work, their wages, the future of their industry, it’s better for everybody. 
    And so, now they have a — an unprecedented offer on the table that many people thought was impossible.  And — and they’re — they’re going to vote on it on Monday. 
    Q    Sounds like you think it’ll pass. 
    ACTING SECRETARY SU:  I don’t know.  You know, I — you know, we believe as — that — that it’s up to the members, of course.  You know, but these workers have not seen a wage increase like this in a very, very long time. 
    In fact, the first-year wage increase is more than what they’ve had in — in the last many years combined.  So, it’s a — it’s really a sign of collective bargaining working. 
    And, you know, workers exercise their right.  They — you know, i- — that they’re part of what we’re seeing in a Biden-Harris America of — of a new era of worker power, and it is resulting in not just the tremendous job growth we keep talking about but really more equity and more — more powerful working people. 
    Q    You touched on this.  But just to be specific, because the president said in his statement that job growth is expected to rebound in November as the hurricane recovery and rebuilding efforts continue, can you give us a sense of what you would project that that could look like?  What could the November picture be?
    ACTING SECRETARY SU:  So, obviously, the — the devastating weather-related phenomena that we have been facing, you know, has an impact — right? — has a devastating, direct, personal impact on communities that are affected.  It also has an impact on the economy. 
    And so, barring something else like that, you know, that was not a sign of weakness in the economy.  That was really a — you know, a weather-related phenomena.  And so, barring that, we expect, you know, those communities to recover. 
    We’re obviously not just watching it happen or hoping it happens.  We’re in there helping it to happen. 
    And so, you know, again, the investments that we’re making is really the key here, right?  We would not have seen the kind of economy — the 16 million jobs created — without that.  This is not an administration that has just, you know, hoped for the best.  It’s one that inherited the economy that was still reeling from a global pandemic that the last administration had no idea how to address. 
    And what we have done is, you know, really, you know, exceeded all expectations on the recovery.  We need to keep on doing that work.  We need to make sure that those infrastructure projects keep breaking ground; that the fabs that are being built, you know, are completed.  And having union workers do that is a part of that too. 
    And so, you know, there’s no reason to expect that the resilient economy that we’ve seen so far will not bounce back from the anomalies of October. 
    Q    Was President Biden’s transcript altered — 
    MS. JEAN-PIERRE:  Hold on — hold on a second.  Wait a minute. 
    Q    Yeah.  (Laughs.)
    MS. JEAN-PIERRE:  Wait a minute.  Is — any other for the secretary?  Can I have her sit down if — if we’re done?
    Q    Keep it tight, because we’re going to land soon.
    MS. JEAN-PIERRE:  Oh, okay.  All right.
    Q    Thank you so much.
    MS. JEAN-PIERRE:  Be careful.
    ACTING SECRETARY SU:  Thank you all.
    MS. JEAN-PIERRE:  Be careful.  Hold on.  I’m going to let AP go first. 
    Go ahead, AP.
    Q    Thank you, Karine.  On AP’s reporting from last night about the potential doctored co-  — about the doctored comments in the recent transcript.  Were you aware that the Press Office — White House Press Office had done this before the stenographer had taken an approval?
    MS. JEAN-PIERRE:  So, look, I was asked this question — multiple versions of this question on Wednesday.  I don’t have anything else more to share.  What I can say is — and the president put out a statement that was tweeted out — that’s on X, obviously — ver- — being very clear what he meant, understanding that his words could have been taken out of context. 
    He was talking about the comedian.  He was talking about the hateful rhetoric coming out of — from the comedian at the Sunday rally in Madison Square Garden. 
    And I said this on Wednesday, and I’m going to keep saying this is that the president is always going to continue to call out hateful rhetoric. 
    But of course — of course — and you see this today with the pensions announcement; you saw it this week when he went to Baltimore to an- — to announce some ports infrastructure investment, $147 million that went to Baltimore — to Maryland, specifically; 27 states, 11 of those states are red states.  I mean, these are things that the president wants to continue about, and he always will be a president for everyone, even if you did not vote for him. 
    I don’t have anything else to share beyond that.  What I — what we want to make sure — we think what the most important thing for Americans to know is that this is a president that went back and wanted to clarify what he said, because he didn’t want to take it out of context.  I think that says a lot about this president.
    And we’ve been pretty consistent about him wanting to be a president and continuing to be a president for all Americans.  And that’s what you’re going to see.  I don’t have anything else to add beyond that.
    Q    What does the — have you all received reports about Iran potentially having a re- — a strike against — a retaliatory strike from its proxies?
    MS. JEAN-PIERRE:  So, as you said, there are reports that Israeli in- — intelligence suggests Iran is preparing to attack Israel from Iraqi territory in the coming days, possibly before the U.S. presidential election.  Is — is that the U.S. view as well?  You know, I’m not — I’m going to be really careful.  I’m not going to — to your question, I’m not going to speculate or discuss intelligence assessments on this from here.
    So — but we’ve been very clear that Iran should not respond.  I said this on Wednesday.  We will continue to support Israel.  Our support for Israel’s security is ironclad.  And — and if they choose this to do so, obviously we will continue to support Israel as they continue to protect themselves and their security. 
    So, I don’t have anything to share.  I’m not going to read into that.
    Q    Is the president aware of former President Trump’s comments about Liz Cheney that he made last night?  And does he have a reaction to that?
    MS. JEAN-PIERRE:  So, he’s aware.  Obviously, you all have done — have covered — covered those remarks.  Here’s what I would say to that.  It is — it is unacceptable; it is dangerous to — to — to s- — to speak to political violence, to talk about political vi- — violence, to lift up political violence. 
    And what we are doing and we will continue to do is denounce that, condemn that.  There is no place, anywhere, for any type of violence, no place for political violence. 
    And it — and this is a time we shouldn’t be using inflammatory language.  We should be specifically focusing on bringing the country together, and that’s what this president wants to see, and that’s what he’s going to continue to speak to. 
    Q    Do you think those comments put Liz Cheney at risk?
    MS. JEAN-PIERRE:  I mean, look, I can’t speak to that.  I can’t get into hypotheticals.  What we know is that those type of comments tend to be dangerous, right?  They can be dangerous. 
    That’s — we’re hearing violent rhetoric, and we’re going to continue to condemn that.  It is inappropriate in the political space, and — and it is inflammatory language that should not be said by anyone, certainly by — not when someone has a — a leadership — national leadership.
    Q    Has there been any discussion about heightening the security preparations this week in response to what we’ve seen?  Whether it’s, you know, ahead of the election, after the election for certain members of Congress, what does that look like at this point?
    MS. JEAN-PIERRE:  For certain members of Congress specifically?
    Q    Well, just for that and then broader security preparations.
    MS. JEAN-PIERRE:  Well, look, I — I would have to — as it relates to Congress, obviously, that’s the — something for — the Capitol Police can speak to.  I can’t speak to that.
    Look, I think that what you’ll see from this — from this president is that, you know, free and fair elections and especially peaceful election are the cornerstone of our democracy.  And election officials and poll workers are dedicated to public servants who make our democracy work, and they deserve to do their job — their job safely and freely without harassment, without threat of violence. 
    So, we strongly condemn anyone who threatens or harasses them.  And so — but I also believe and we also believe that people should trust in our institutions and trust that this will be a free and fair election.
    Q    What about Lebanon?  Can you give us a status report?  Are those talks dead?
    MS. JEAN-PIERRE:  So, a couple of things.  As you know, Brett and —
    AIR FORCE ONE CREW MEMBER:  Going to need everyone to take their seats, please.
    MS. JEAN-PIERRE:  All right.  Well, we got to go.
    AIR FORCE ONE CREW MEMBER:  There’s going to be some turbulence.
    MS. JEAN-PIERRE:  We’ll — we’ll have more fo- — we can share — I would reach out to the NSC team, and they’ll share more about things.  But we have to sit down.
    Thanks, everybody. 
    Q    Thanks, Karine.
    MS. JEAN-PIERRE:  Be careful.  It’s really bumpy.
    2:59 P.M. EDT

    MIL OSI USA News –

    January 26, 2025
  • MIL-OSI Canada: Canada-Republic of Korea Foreign and Defence (2+2) Ministerial Meeting joint statement

    Source: Government of Canada News

    We, the ministers of foreign affairs and ministers of national defence of Canada and the Republic of Korea (ROK) met on November 1, 2024, in Ottawa, Canada, for the inaugural Canada-ROK Foreign and Defence (2+2) Ministerial Meeting (“the ministerial”). The ministerial builds upon the elevation of our diplomatic relationship to that of a Comprehensive Strategic Partnership (CSP) and is a key deliverable of the CSP Action Plan launched in July 2024.

    November 1, 2024 – Ottawa, Ontario – Global Affairs Canada

    We, the ministers of foreign affairs and ministers of national defence of Canada and the Republic of Korea (ROK) met on November 1, 2024, in Ottawa, Canada, for the inaugural Canada-ROK Foreign and Defence (2+2) Ministerial Meeting (“the ministerial”). The ministerial builds upon the elevation of our diplomatic relationship to that of a Comprehensive Strategic Partnership (CSP) and is a key deliverable of the CSP Action Plan launched in July 2024.

    Today, through several new announcements and initiatives, we demonstrate our resolve to deepen cooperation to reinforce global stability in the face of interconnected challenges in the Indo-Pacific and beyond. In this, Canada and the ROK are stronger together.

    Partners for global stability

    We condemn in the strongest possible terms North Korea’s deepening military cooperation with Russia in violation of multiple United Nations Security Council (UNSC) resolutions, including the provision of millions of rounds of ammunition and ballistic missiles to support Russia’s brutal and unjustifiable war of aggression in Ukraine. We are gravely concerned that large numbers of North Korean soldiers have been deployed to Russia, which is a significant escalation with dangerous implications for security and stability in Europe and the Indo-Pacific region. We are closely monitoring what Russia provides North Korea in return for weapons and military personnel, including Russia’s possible provision of sensitive technology to advance North Korea’s weapons of mass destruction (WMD) and ballistic missile programs. We call on North Korea and Russia to immediately cease these unlawful and destabilizing activities and to withdraw North Korean troops from Russia. Recognizing that the security of the Indo-Pacific and Euro-Atlantic regions are increasingly interconnected, we commit to actively pursuing further measures together with the international community. 

    We call on Russia to withdraw its forces immediately, completely, and unconditionally from all Ukrainian territory to its internationally recognized borders; we reiterate our unwavering support for Ukraine and the Ukrainian people, and we remain steadfast in our commitment to protect and defend Ukraine’s sovereignty and territorial integrity. 

    We express our deep concern with any nation’s efforts to support Russia’s war economy, such as through the transfer of dual-use materials, including weapons components and equipment, which enable Russia to prolong and sustain its illegal war in Ukraine.

    We condemn North Korea’s nuclear weapons and other weapons of mass destruction (WMD) and ballistic missile programs, and continued missile launches, including its intercontinental ballistic missile (ICBM) test on October 31 (local time), which threatens peace and stability in the region and across the globe, are in violation of multiple UN Security Council resolutions (UNSCRs) and international law. It only demonstrates that North Korea continues to prioritize its unlawful WMD and ballistic missile programs over the well-being of its people, and we call on North Korea to cease its destabilizing actions. We reaffirm that any further nuclear test by North Korea would be met with a strong and resolute response from the international community. We continue to call for the complete, verifiable, and irreversible dismantlement of North Korea’s WMDs. The ROK reiterated the goals of its Audacious Initiative and ‘August 15 Unification Doctrine’ and

    Canada expressed strong support for the ROK’s efforts to achieve a denuclearized, free, peaceful, prosperous, and unified Korean Peninsula.

    Both countries remain committed to multilateral sanctions evasion monitoring efforts and Canada will continue to provide assets via the Canadian Armed Forces’ Operation NEON. 

    We were pleased to join other participating countries last month in launching the Multilateral Sanctions Monitoring Team (MSMT). We reaffirm the goal of assisting all UN Member States in implementing UN sanctions on North Korea by publishing information on sanctions violations and evasion attempts.

    We highlight the valuable contributions of the United Nations Command (UNC) to peace and stability on the Korean Peninsula. The ROK commends Canada for its unwavering support of the UNC since its inception, and Canada’s current leadership role within the UNC through its provision of its Deputy Commander. The co-hosting of the UNC Ministerial together this year is a symbol of our powerful ties and shared priorities in the areas of security and defence, and we will continue to collaborate closely to strengthen cooperation among the ROK, UNC and its Member States.

    The ROK and Canada are committed to working together to actively promote and protect human rights in the Indo-Pacific and around the world, including within North Korea and to seeking accountability for human rights violations.

    We reiterate that the situation of human rights in North Korea is intrinsically linked to international peace and security, and we call on North Korea to engage fully and constructively with the international community, including during its upcoming Universal Periodic Review at the Human Rights Council. We also look forward to the next iteration of the Canada-ROK North Korean Human Rights Dialogue.

    Canada and the ROK affirm our commitment to a free and open Indo-Pacific, based on the rule of law and the peaceful resolution of disputes. We continue to advocate for peace and stability throughout the Indo-Pacific region.  We oppose any unilateral attempts to change the status quo in the Indo-Pacific. We reaffirm that maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity.

    Canada and the ROK express their support for the global maritime order based on international law, including the UN Convention on the Law of the Sea (UNCLOS). We express concern about developments in the South China Sea, and emphasize the importance of maintaining peace, security, stability and freedom of navigation and overflight in and above the South China Sea , consistent with UNCLOS.

    Canada appreciates the ROK’s participation in the Conference on the Human Dimension of Ukraine’s 10-Point Peace Formula, hosted by Canada, Ukraine and Norway in Montreal on October 31st, demonstrating our joint resolve to end Russia’s war in Ukraine. Canada and the ROK will continue to discuss ways to jointly support Ukraine’s Peace Formula, while providing the support Ukraine requires to secure a just and lasting peace.

    Indo-Pacific partners

    Canada and the ROK acknowledge the Indo-Pacific region’s pivotal role in shaping global geopolitical and economic relations in the 21st century, with long-term implications for our shared prosperity and security. Canada and the ROK share a common vision for the region to be more secure, free, peaceful, prosperous, inclusive, and sustainable.

    In this context, we congratulate the organizers of the successful Canada-Korea Forum held on October 24-26, 2024 in Montreal, and the Korean Peninsula Symposium on October 23, 2024, co-organized with the Embassies of Japan, and the United States.

    To deepen and implement bilateral collaboration in the region, we announce today the launch of the Canada-Korea Indo-Pacific Dialogue, where our respective Special Envoys for the Indo-Pacific will engage on identifying synergies and joining action on shared regional priorities.

    We also look forward to the Indo-Pacific High-Level Forum, co-hosted by the ROK and Australia, in Seoul on December 13, as we recognize the importance of cooperation with the broader community of Indo-Pacific partners.

    In 2025, we look forward to Canada’s G7 Presidency and the ROK’s hosting of APEC. We further elaborated today how our two countries will establish synergies and use our leadership for cooperation on regional and global challenges. Canada looks forward to working with the ROK on advancing G7 priorities as relevant, including building economies that benefit everyone, fighting climate change, and managing rapidly evolving technologies. Furthermore, the ROK and Canada look forward to working together for a productive APEC in 2025.

    As actively engaged global partners, we will deepen our collective engagement with ASEAN, leveraging the ROK-ASEAN Comprehensive Strategic Partnership and the Canada-ASEAN Strategic Partnership, while reaffirming our commitment to the principle of ASEAN Centrality.

    Partners in security and defence   

    Canada and the ROK are committed to deepening partnerships in security and advancing shared defence priorities through bilateral and multilateral initiatives.   Canada and the ROK will strengthen bilateral and multilateral exercises, including holding regular Army Staff Talks, with the inaugural edition to be hosted in Canada.  

    We are committed to jointly delivering and collaborating on Women, Peace and Security, so that women have full, meaningful and equal participation in defence and security, peace operations and peace negotiations. As we seek to enhance women’s participation in conflict prevention, conflict resolution, and post-conflict state building, Canada and the ROK will leverage the ROK’s 2024-2025 UNSC seat to jointly advance the Women, Peace, and Security agenda globally as well as in the Indo-Pacific region.

    We will continue to cooperate on maritime safety, and combat illegal, unreported, and unregulated fishing, including through detecting dark vessels and joint patrols under Operation North Pacific Guard. We will also continue to explore ways of addressing maritime security challenges in the Indo-Pacific through enhanced maritime domain awareness and relevant instruments such as the Regional Cooperation Agreement Combatting Piracy and Armed Robbery against Ships in Asia (ReCAAP).

    We will further utilize the Canada-Korea Memorandum of Understanding on Defence Materiel Cooperation to share technical information, discuss defence equipment and technology issues of mutual interest, and identify opportunities for bilateral defence materiel cooperation, and hold the 3rd Joint Meeting (Materiel) in Canada in 2025.

    We agree to expand our work within the Canada-Korea Memorandum of Understanding on Defence Research and Development, to encourage collaboration between respective defence research and development organizations.

    Canada welcomes the contribution of the ROK as a NATO partner and commits to working with the ROK to advance its Individually Tailored Partnership Programme. Canada further welcomes the ROK’s recent participation at the NATO Defence Ministers’ Meeting in Brussels. 

    Addressing non-traditional security challenges

    We recognize that climate change is the defining challenge of our time and a threat multiplier that impacts our collective security, including within the Indo-Pacific and Euro-Atlantic areas, and we affirm our strong support for NATO’s Climate Change and Security Agenda. 

    We acknowledge that our democratic values, institutions and processes, and our citizens’ fundamental freedoms, are increasingly vulnerable to hybrid and digital threats, such as foreign interference and disinformation, and we will continue to expand our cooperative efforts to combat these threats.

    We are committed to addressing threats and seizing opportunities linked to cybersecurity and emerging technologies, including threats to the rule of law, democracy, and critical infrastructure. We are pleased to announce today that we will hold Canada-Korea Cyber Policy Consultations to exchange information on each other’s policies, strategies and capabilities. Canada is also pleased to note the ROK’s fruitful engagement with the NATO Cooperative Cyber Defence Centre of Excellence in Tallin, Estonia, of which Canada is also a member.

    We recognize the importance of the responsible use of artificial intelligence, including in the military domain. Canada commends the ROK for hosting several high-level international gatherings on AI to advance discussions on global AI governance, including the AI Seoul Summit in May 2024, and the Responsible Artificial Intelligence in the Military domain (REAIM) Summit in September 2024, in Seoul. We strongly support the Seoul Declaration for safe, innovative, and inclusive AI and the principles for the responsible development, deployment, and use of AI in the military domain articulated in the REAIM Blueprint for Action.

    The relationship between our two nations dates back centuries; reinforced by our countries’ collective efforts to defend peace and security on the Korean Peninsula since the Korean War. We commit to meeting in this format on a biennial basis and look forward to the next iteration of this Ministerial in 2026, where we will reflect on and examine how we may further build upon the achievements stemming from today’s discussion.

    Annex – announcements

    Today, the Ministers of Foreign Affairs and Defence of Canada and the Republic of Korea announced that our countries have agreed to:

    • Hold this Ministerial on a biennial basis and look forward to its next iteration in 2026 to follow-up on the achievements of today’s discussion.
    • Launch the Canada-Korea Indo-Pacific Dialogue, where our respective Special Envoys for the Indo-Pacific will engage on identifying synergies and joint action on shared regional priorities, including in the North Pacific.
    • Advance bilateral diplomatic intelligence cooperation and analytic exchanges between our respective foreign ministries.
    • Expedite the negotiations to finalize the Agreement on the Protection of Classified Military/Defence Information.
    • Explore measures to facilitate and deepen military operational cooperation.
    • Strengthen bilateral and multilateral exercises, including holding regular Army Staff Talks, with the inaugural edition to be hosted in Canada.
    • Hold the 3rd Joint Meeting (Materiel), hosted by Canada in 2025 under the Canada-Korea Memorandum of Understanding on Defence Materiel Cooperation, and continue to identify and expand opportunities for defence cooperation.
    • Hold Canada-Korea bilateral Cyber Policy Consultations.

    MIL OSI Canada News –

    January 26, 2025
  • MIL-OSI: First National Bank Alaska declares regular and special dividends for fourth quarter, both payable in December

    Source: GlobeNewswire (MIL-OSI)

    ANCHORAGE, Alaska, Nov. 01, 2024 (GLOBE NEWSWIRE) — At the Board of Directors meeting held Oct. 31, 2024, First National Bank Alaska (OTCQX:FBAK) declared a cash dividend of $3.20 per share for shareholders of record as of Dec. 1, 2024, payable on Dec. 15, 2024 with distribution on Dec. 16.

    At the same meeting, the Board declared a special cash dividend of $3.20 per share for shareholders of record as of Dec. 1, 2024, payable and for distribution on Dec. 19, 2024.

    CONTACT: Cheri Gillian
    Secretary to the Board of Directors
    907-777-3409

    The MIL Network –

    January 26, 2025
  • MIL-OSI China: Chinese vice premier welcomes Australian firms to cooperate more with China

    Source: People’s Republic of China – State Council News

    BEIJING, Nov. 1 — China welcomes Australian enterprises to strengthen cooperation with China in trade, investment, finance and other areas, Chinese Vice Premier He Lifeng said on Friday.

    He made the remarks in a meeting with an Australian high-level business delegation led by David Olsson, National President of the Australia China Business Council.

    While China is advancing high-level opening up and further easing market access, it will protect the national treatment and legitimate rights and interests of foreign-funded enterprises, said He, also a member of the Political Bureau of the Communist Party of China Central Committee.

    He welcomed Australian firms to share the opportunities brought by the Chinese modernization to achieve win-win results.

    Representatives of Australian enterprises said that they are optimistic about China’s economic prospects and are willing to commit to long-term cooperation with China and promote the sustainable development of bilateral economic and trade ties.

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI Security: Drug Trafficking Biddeford Couple Sentenced

    Source: Office of United States Attorneys

    PORTLAND, Maine: A Biddeford man and woman were sentenced today in U.S. District Court in Portland for their roles in a fentanyl trafficking conspiracy in southern Maine.

    U.S. District Judge John A. Woodcock, Jr. sentenced Michael Bolster, 49, to a total of 72 months in prison on one count of conspiring to distribute fentanyl and two counts of distributing fentanyl, followed by five years of supervised release. Michael Bolster pleaded guilty on January 18, 2024.

    Jessica Bolster, 42, was sentenced to a total of 60 months in prison on one count of conspiring to distribute fentanyl and one count of distributing fentanyl, followed by four years of supervised release. Jessica Bolster pleaded guilty on February 21, 2024.

    According to court records, the Bolsters conspired together and with others to distribute and possess with intent to distribute fentanyl. In July 2023, the Bolsters sold fentanyl to a confidential source on three separate occasions. The sales were for approximately 9 grams, 30 grams and 29 grams of fentanyl, respectively. In August 2023, investigators executed a search warrant at the Bolsters’ residence and seized two large bundles of suspected fentanyl made up of small baggies wrapped for individual sale totaling approximately 542 grams. The U.S. Drug Enforcement Administration (DEA) lab tested a sample of the substance and confirmed the presence of fentanyl. Just 2 milligrams of fentanyl is considered a potentially lethal dose.

    Coconspirator Darwin Mateo, 25, is currently serving a 36-month sentence.

    The DEA investigated the case. 

    ###

    MIL Security OSI –

    January 26, 2025
  • MIL-Evening Report: Cook Islands PM calls for easing of tensions in New Caledonia

    By Caleb Fotheringham, RNZ Pacific journalist

    Cook Islands Prime Minister Mark Brown has returned from New Caledonia saying it is not a simple “black and white situation”.

    Brown returned from a three-day Pacific fact-finding mission in the French Pacific territory alongside the Prime Ministers of Solomon Islands, Tonga and Fiji.

    New Caledonia has been going through a period of turmoil with violence and arson since May, resulting in 13 deaths and the destruction of many businesses.

    “There’s no doubt there is a call and a need for the easing of tensions in the country,” Brown said.

    “This would enable more dialogue to take place between the various vested groups to find a pathway forward for New Caledonia.”

    Brown said Kanaky New Caledonia’s population was diverse, made up of indigenous Kanak, French, and Pacific diaspora.

    Almost all of these groups want greater autonomy from France with some also wanting full independence or to remain a French territory, he said.

    “But you have quite a large group between those two extremes that want a way forward that enables New Caledonians, all of them, to be able to determine their own future.”

    Pacific policing France ‘may wish to consider’
    Brown said Australia’s newly proposed regional policing initiative is “an option that New Caledonians may wish to consider”.

    “At the moment that’s being done by the state government through France through its gendarmes and police force.”

    The last time regional policing was used was in Solomon Islands after ethnic unrest in the 2000s, he said.

    When asked whether France had “militarised” New Caledonia, Brown said France sent a lot of support “to help maintain law and order” but the focus now was on the reduction of tensions and dialogue.

    France’s Ambassador to the Pacific Véronique told the ABC she doubted French authorities would see the need for Pacific police to be deployed to New Caledonia.

    Brown said the other issue was the need for an urgent financial package.

    “Unlike most other Pacific countries in cases of disaster whether they be natural disaster or other sorts, Pacific countries have the likes of the World Bank, the Asian Development Bank, development partners that would support and assist.

    Relying solely on France
    “In the case of New Caledonia, it doesn’t have the association with any of those financial institutions and would rely solely on France for its support.”

    There needed to first be a reduction of tensions so that any rebuild would not be under threat from more civil unrest, he said.

    Brown said Pacific nations had taken different decolonisation paths — with the exception of Tonga which had never been colonised.

    Fiji became a republic after a number of coups and Cook Islands is self-governing in free association with New Zealand.

    “Each of us took a different path to where we are today to gain our autonomy and our sovereignty and it’s something that we were able to share with New Caledonia.”

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

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
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