NewzIntel.com

Category: Business

  • MIL-OSI USA: San Saba County Disaster Recovery Center Opens July 19

    Source: US Federal Emergency Management Agency

    Headline: San Saba County Disaster Recovery Center Opens July 19

    San Saba County Disaster Recovery Center Opens July 19

    AUSTIN, Texas – A Disaster Recovery Center will open Saturday, July 19, in San Saba County to offer face-to-face help to survivors who had damage or losses from the severe storms and flooding in Central Texas

    Homeowners, renters and eligible non-residents may receive FEMA assistance for losses not covered by insurance

    Survivors with homeowner’s or renter’s insurance should first file a claim with their insurance company as soon as possible

    If your policy does not cover all your damage expenses, you may be eligible for federal assistance

    The Disaster Recovery Center is located at:San Saba Civic Center1190 S Thomas Stewart Dr

    San Saba, TX 76877Hours: 8 am

    to 7 p

    m

    dailyFEMA and the U

    S

    Small Business Administration are supporting the Texas Division of Emergency Management, which is leading efforts to help survivors apply for federal disaster assistance

    Center specialists can also identify potential needs and connect survivors with local, state and federal agencies as well as nonprofit organizations and community groups

     Disaster Recovery Centers are accessible to people with disabilities and those with access and functional needs

    They are also equipped with assistive technology

    If you need a reasonable accommodation or an American Sign Language interpreter, call 833-285-7448 (press 2 for Spanish)

    Here are the ways to apply for FEMA disaster assistance:Visit DisasterAssistance

    govUse the FEMA mobile appCall the FEMA Helpline at 800-621-3362

     Lines are open from 6 a

    m

    to 10 p

    m

    CT daily

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    Helpline specialists speak many languages

    Press 2 for Spanish

    Visit any Disaster Recovery Center to receive in-person assistance

    No appointment is needed

     To find a center close to you, use your ZIP code to search FEMA

    gov/DRC

    For an accessible video on how to apply for assistance, go to Three Ways to Register for FEMA Disaster Assistance – YouTube

     For the latest information about the Texas recovery, visit fema

    gov/disaster/4879

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Fri, 07/18/2025 – 16:43

    MIL OSI USA News –

  • MIL-OSI USA: AG Labrador Leads States Backing Trump’s Decision to End Racial Discrimination in Federal Contracting

    Source: US State of Idaho

    Home Newsroom AG Labrador Leads States Backing Trump’s Decision to End Racial Discrimination in Federal Contracting

    BOISE — Attorney General Raúl Labrador led a 20-state coalition in filing an amicus brief urging a federal court to approve the Trump Administration’s decision to stop enforcing racial discrimination in federal transportation contracting. The brief, filed in Mid-America Milling Company v. United States Department of Transportation, supports a proposed consent order that would end the federal government’s enforcement of race-based preferences in the Disadvantaged Business Enterprise (DBE) program.
    “The DBE program requires states receiving federal funds to award a certain percent of federal transportation contract dollars to minority and women-owned businesses, regardless of whether those businesses submit the lowest bids,” said Attorney General Labrador. “This federal mandate forces states to sometimes reject the most qualified, cost-effective contractors based solely on the race and gender of business owners, resulting in higher costs for taxpayers. The Trump Administration is right to end this, and Idaho is proud to support them in doing so.”
    In Idaho, this discrimination has proven expensive. Over a recent 44-month period, the DBE program required Idaho’s Transportation Department to reject the lowest bid eight times, wasting $15.2 million in total project costs that could have been spent on other transportation projects. In one example, Idaho was forced to reject a $2.2 million bid and instead accept a $2.7 million bid to meet these federal demographic targets.
    The Mid-America Milling case was originally filed during the Biden Administration, challenging the DBE program as unconstitutional racial discrimination, and the Biden Administration vigorously defended the discriminatory program. After President Trump took office, his Administration reversed course, acknowledging that the program violates the Constitution and agreeing to a consent order that would stop enforcing it. The coalition’s brief urges the court to approve the proposed consent order, arguing that the DBE program violates the Equal Protection Clause.
    The $15.2 million figure represents only cases where the lowest bid was rejected outright. According to an MIT study cited in the brief, the total cost may be significantly higher because DBE requirements artificially inflate most contract prices. The study found that when California ended race-based contracting preferences, state contract costs fell 5.6% compared to federal contracts that still required such preferences.
    Joining Idaho are attorneys general from Alabama, Arkansas, Florida, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, and West Virginia, along with the Arizona Legislature.
    Read the brief here.

    MIL OSI USA News –

  • MIL-OSI Russia: Dmitry Chernyshenko: the federal project “Five Seas and Lake Baikal” was supplemented by the project “Balaklava Bay” in Sevastopol

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    A meeting of the subcommittee on the implementation of tourism investment projects of federal significance of the Government Commission for the Development of Tourism in the Russian Federation was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko.

    The event was also attended by Deputy Minister of Economic Development of Russia Dmitry Vakhrukov, as well as representatives of the Ministry of Construction, the Ministry of Finance, the Ministry of Health, the Ministry of Energy, Rosreestr, JSC Corporation Tourism. RF and others.

    The meeting discussed the organization of work on the implementation of the project of federal year-round resorts “Five Seas and Lake Baikal”.

    Dmitry Chernyshenko emphasized that thanks to the implementation of the project, by 2030 an additional 10 million tourists will be able to vacation per year.

    “On the instructions of President Vladimir Putin, within the framework of the national project “Tourism and Hospitality”, we are working on the federal project “Five Seas and Lake Baikal” with a total funding volume for all projects until 2030 of 103 billion rubles. I would like to note that today we need to prioritize the objects, we will establish the order of projects, especially since there are instructions from the President and a number of initiatives to create resorts in other regions. Thus, the federal project “Five Seas and Lake Baikal” was supplemented by the project “Balaklava Bay” in Sevastopol,” the Deputy Prime Minister noted.

    Deputy Minister of Economic Development of Russia Dmitry Vakhrukov added that the implementation of the project of federal year-round resorts “Five Seas and Lake Baikal” will further increase the number of tourist trips around Russia, as well as expand the number of rooms.

    “Systematic work on the implementation of the federal project is carried out in strict accordance with the approved roadmaps. This indicates a high degree of involvement of the subjects and a clear understanding of the tasks. Most projects are being implemented within the planned timeframes. Work is constantly underway to balance the sources of financing the supporting infrastructure, attract and support investors. We are confident that this approach will contribute to the timely implementation of projects,” he said.

    Dmitry Vakhrukov reminded that the construction of resorts should become one of the priority tasks.

    Governor of Saint Petersburg Alexander Beglov called the Saint Petersburg Marina project significant for the city. To implement it, a structure for financing the construction of road facilities and, to a significant extent, engineering infrastructure has been defined to date. The plans include continuing work on including measures to create road infrastructure and street and road networks in the Infrastructure for Life.

    Deputy Governor of Zaporizhia Region Alexander Zinchenko presented a report on the Primorsk project, Governor of Irkutsk Region Igor Kobzev spoke about the Gates of Baikal and Baikal Sloboda, Deputy Chairman of the Government of the Republic of Buryatia Vyacheslav Sukhorukov – about Magic Baikal. Acting Minister of Resorts, Tourism and Olympic Heritage of Krasnodar Region Mikhail Zaritsky reported on the implementation of the New Anapa project, and Deputy Governor of Sevastopol Maria Litovko presented the Balaklava Bay project in Sevastopol.

    Information was also presented on the projects “Golden Sands” in the Republic of Crimea, “Caspian Coastal Cluster” in the Republic of Dagestan, “Primorye” in Primorsky Krai.

    In conclusion, Dmitry Chernyshenko called on the regions to more actively interact with federal ministries and departments in order to more quickly resolve issues related to project implementation.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Europe: Oral question – Declaration of principles for a gender-equal society – O-000024/2025

    Source: European Parliament

    Question for oral answer  O-000024/2025
    to the Commission
    Rule 142
    Lina Gálvez
    on behalf of the Committee on Women’s Rights and Gender Equality

    On 8 March 2025, the Commission published its Roadmap for Women’s Rights, which provides its political long-term vision to advance on women’s rights. Annexed to it was the Declaration of principles for a gender-equal society. In the roadmap, the Commission invites all interested parties, especially Parliament and the Council, social partners, civil society actors and other relevant organisations, to endorse the principles included in the declaration on women’s rights annexed to this roadmap in the course of 2025.

    In the past five years, the EU has made historic progress with the adoption of a number of very significant legislative acts on pay transparency, gender balance on company boards, and on combating violence against women. Nevertheless, progress towards gender equality remains slow. Much more needs to be done and the roadmap should provide guidance for the future measures in the next gender equality strategy. Parliament is looking forward to this strategy and is in the process of preparing its input with an own initiative report on the gender equality strategy 2025.

    • 1.How will the Commission ensure that Parliament’s positions regarding women’s rights and gender equality will be translated into the post-2025 gender equality strategy?
    • 2.Parliament has several times made concrete calls for new legislative proposals in the field of women’s rights and gender equality: what can we expect from the Commission in the upcoming gender equality strategy in this regard?

    Submitted: 16.7.2025

    Lapses: 17.10.2025

    Last updated: 18 July 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – CO2 transport methods, climate impact and EU storage plans under Net-Zero Industry Act (NZIA) obligations due by June 2025 – E-002787/2025

    Source: European Parliament

    Question for written answer  E-002787/2025
    to the Commission
    Rule 144
    Niels Flemming Hansen (PPE)

    • 1.Can the Commission share whether it has any views or recommendations on the most climate-friendly way to transport captured CO2 to underground storage or carbon capture and storage facilities?
    • 2.According to the NZIA, EU companies subject to the storage obligation were to notify the Commission of their plans by 30 June 2025. In this context, can the Commission share the total amount of CO2 storage capacity that is expected to become operational across the EU by 31 December 2030 at the latest?
    • 3.For how many projects is a final investment decision expected to be taken in each of the following years: 2025, 2026, 2027, 2028, 2029 and 2030?

    Submitted: 9.7.2025

    Last updated: 18 July 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Romania registers first corporate green bond sale as utility Electrica completes €500 million transaction with EIB participation

    Source: European Investment Bank

    EIB

    • Romanian power supplier Electrica raises €500 million through country’s first corporate green bond, with EIB among the buyers
    • Company to use proceeds to expand renewable electricity generation as well as energy storage

    Romanian power producer Electrica became the first company in Romania to issue a green bond, completing a €500 million operation in which the European Investment Bank (EIB) was one of the buyers. Investor demand for the bond, which is being listed on the Luxembourg and Bucharest stock exchanges, exceeded the offer at the final price by more than 10 times.

    Electrica will use the funds raised to expand renewable electricity generation and energy storage, in line with the company’s Green Financing Framework. By 2030, Electrica aims to have the capacity to generate 1,000 megawatts of renewable power and to store 900 megawatt-hours (MWh) of electricity.

    “This issuance is an ice breaker for the Romanian market,” said EIB Vice-President Ioannis Tsakiris. “The Electrica operation is at the intersection of finance and sustainability, encouraging all to think green. It is a significant project because driving funds towards environmentally sustainable projects is at the heart of fostering economic growth and contributing to the fight against climate change.”

    Electrica is a key player in the Romanian market for electricity production, supply and distribution. The company has around 4 million customers, largely in the regions of Transylvania and Muntenia.

    “The green-bond issuance marks a pivotal moment for Electrica and the national energy system,” said Electrica Chief Executive Officer Alexandru Chiriță. “The success of this operation underscores our corporate discipline, transparency and ability for swift execution while sending a strong signal to the international financial markets about Romania’s potential in sustainable financing.”

    The transaction demonstrates the EIB’s ability to support green investments that are aligned with the European Union taxonomy for sustainable activities via capital market instruments contributing to EU policy goals.

    Electrica’s green bond has a maturity of five years, an interest rate of 4.566% and a BBB rating by Fitch Ratings. The planned issuance was approved on 10 July 2025 by the Commission de Surveillance du Secteur Financier in Luxembourg.

    Romania registers first corporate green-bond sale as utility Electrica completes €500 million transaction with EIB participation
    Romania registers first corporate green-bond sale as utility Electrica completes €500 million transaction with EIB participation
    ©EIB
    Download original
    Romania registers first corporate green-bond sale as utility Electrica completes €500 million transaction with EIB participation
    Romania registers first corporate green-bond sale as utility Electrica completes €500 million transaction with EIB participation
    ©EIB
    Download original

    MIL OSI Europe News –

  • MIL-OSI Russia: Dmitry Chernyshenko: The Federal Project “Five Seas and Lake Baikal” has been supplemented by the “Balaklava Bay” project in Sevastopol

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    A meeting of the subcommittee on the implementation of tourism investment projects of federal significance of the Government Commission for the Development of Tourism in the Russian Federation was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko.

    The event was also attended by Deputy Minister of Economic Development Dmitry Vakhrukov, representatives of the Ministry of Construction, the Ministry of Finance, the Ministry of Health, the Ministry of Energy, Rosreestr, JSC Corporation Tourism.RF and others.

    The meeting discussed the organization of work on the implementation of the project of federal year-round resorts “Five Seas and Lake Baikal”.

    Dmitry Chernyshenko emphasized that thanks to the implementation of the project, by 2030 an additional 10 million tourists will be able to vacation annually.

    “On the instructions of President Vladimir Putin, within the framework of the national project “Tourism and Hospitality”, we are working on the federal project “Five Seas and Lake Baikal” with a total funding volume for all projects until 2030 of 103 billion rubles. I would like to note that today we need to prioritize the objects, we will establish the order of the projects, especially since there are instructions from the President and a number of initiatives to create resorts in other regions. Thus, the federal project “Five Seas and Lake Baikal” was supplemented by the project “Balaklava Bay” in Sevastopol,” the Deputy Prime Minister noted.

    Deputy Minister of Economic Development Dmitry Vakhrukov added that the implementation of the project of federal year-round resorts “Five Seas and Lake Baikal” will further increase the number of tourist trips around Russia, as well as expand the number of rooms.

    “Systematic work on the implementation of the federal project is carried out in strict accordance with the approved “road maps”. This indicates a high degree of involvement of the subjects and a clear understanding of the tasks. Most projects are being implemented within the planned timeframes. Work is constantly underway to balance the sources of financing the supporting infrastructure, attract and support investors. We are confident that this approach will contribute to the timely implementation of projects,” he said.

    Dmitry Vakhrukov reminded that the construction of resorts should become one of the priority tasks.

    Governor of Saint Petersburg Alexander Beglov called the Saint Petersburg Marina project significant for the city. To implement it, a structure for financing the construction of road facilities and, to a significant extent, engineering infrastructure has been determined to date. The plans include continuing work on including measures to create road infrastructure and street and road networks in the national project Infrastructure for Life.

    Deputy Governor of Zaporizhia Region Alexander Zinchenko presented a report on the Primorsk project, Governor of Irkutsk Region Igor Kobzev spoke about the Gates of Baikal and Baikal Sloboda, Deputy Chairman of the Government of the Republic of Buryatia Vyacheslav Sukhorukov – about Magic Baikal. Acting Minister of Resorts, Tourism and Olympic Heritage of Krasnodar Region Mikhail Zaritsky reported on the implementation of the New Anapa project, and Deputy Governor of Sevastopol Maria Litovko presented the Balaklava Bay project in Sevastopol.

    Information was also presented on the projects “Golden Sands” in the Republic of Crimea, “Caspian Coastal Cluster” in the Republic of Dagestan, “Primorye” in Primorsky Krai.

    In conclusion, Dmitry Chernyshenko called on the regions to more actively interact with federal ministries and departments in order to more quickly resolve issues related to project implementation.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: CS chairs meeting of steering committee on inter-departmental handling of typhoons (with photos)

    Source: Hong Kong Government special administrative region – 4

         With Tropical Storm Wipha approaching Hong Kong, the Chief Secretary for Administration, Mr Chan Kwok-ki, chaired a meeting of the steering committee on inter-departmental handling of typhoons this afternoon (July 18) to ensure comprehensive and adequate preparations and response planning by relevant departments to cope with possible threats of Wipha. The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing; the Secretary for Environment and Ecology, Mr Tse Chin-wan; the Acting Secretary for Security, Mr Michael Cheuk; and representatives from relevant bureaux and departments attended the meeting.
     
         At the meeting, members were briefed by the Director of the Hong Kong Observatory on the latest assessment on Wipha. According to the present forecast, Wipha will enter within 800 kilometres of Hong Kong around midnight tonight. The Observatory will issue the Standby Signal No. 1 then, and consider issuing the Strong Wind Signal No. 3 during the day on Saturday (July 19). Wipha will be rather close to the vicinity of the Pearl River Estuary on Sunday (July 20). There will be heavy squally showers and thunderstorms. The Observatory will assess, on Saturday afternoon, the need of issuing higher tropical cyclone warning signals thereafter based on the latest weather information, including Wipha’s distance to the Pearl River Estuary, its intensity and the change in local winds. The public is advised to pay close attention to the latest weather forecast and warnings from the Observatory.
     
         In response to the possible adverse weather conditions, Mr Chan co-ordinated the preparatory work of relevant departments at the meeting, which includes:
     

    • The Emergency Monitoring and Support Centre (EMSC) under the Security Bureau has made advance preparation and stands ready for activation. It will be fully activated upon the issuance of Tropical Cyclone Warning Signal No. 8. Utilising the Common Operational Picture, the EMSC will conduct real-time citywide monitoring, and integrate updates from various departments to swiftly assess risks and formulate response plans and measures. Various emergency response teams, including the Fire Services Department, the Hong Kong Police Force, the Civil Aid Service and the Auxiliary Medical Service have completed all necessary preparatory work and are on standby, with sufficient manpower deployed to handle possible emergencies during heavy rainstorms and high wind, and to provide assistance to those in need.
    • The Emergency Transport Co-ordination Centre of the Transport Department will continue to operate round-the-clock. It will also closely monitor traffic and transport conditions with public transport agencies, and disseminate emergency traffic information and public transport service arrangements to the public in a timely manner.
    • The Development Bureau (DEVB) is co-ordinating preparation work to deal with flooding, landslides and fallen trees and ensure safety of building structures. Emergency control centres of various departments are fully prepared to respond. The DEVB has also pooled the resources from contractors of works departments to ensure that sufficient manpower and resources are available for handling emergency situations.
    • The Drainage Services Department (DSD) completed the special inspection and carried out necessary clearance at about 240 locations which are prone to flooding due to blockages today. The “just-in-time” arrangement will continue, with at most 180 emergency response teams to conduct inspection and clearance of drainage channels in different districts across the territory. For coastal low-lying or windy residential areas with high risks, the DSD and the Civil Engineering and Development Department have established management measures in advance, including early warning systems and emergency response arrangements.
    • The Geotechnical Engineering Office and the Observatory closely monitor weather conditions and will issue a landslip warning when appropriate. Relevant departments have completed inspections of government man-made slopes with relatively higher potential impacts.
    • The Buildings Department has reminded property management companies to inspect building maintenance facilities, such as bamboo scaffolding, gondolas, signboards, solar panels and the like, to ensure their stability.
    • Relevant departments have completed tree risk assessments and mitigation work at locations with high risks.
    • The Highways Department (HyD) inspected again the flood warning systems installed at Kwun Tong Road Underpass and 16 pedestrian subways along Shing Mun River in Sha Tin, Lam Tsuen River in Tai Po and Tai Po River with a higher risk of flooding from July 16 to 18 to ensure normal operation. In collaboration with the DSD, the department also carried out special inspections and clearance of public road sections which are prone to flooding due to blockages, including high speed road sections, such as San Tin Highway. The HyD also carried out special inspections and clearance of the drainage channels at roadside man-made slopes. In addition, the HyD has reminded relevant staff members and contractors to pay close attention to weather conditions and information released by the Observatory in order to make early preparations for the activation of the Emergency Control Centres.
    • District Offices have initiated relevant response measures, including co-ordinating with other departments and organisations to enhance preparedness, preparing sandbags and water-stop boards, etc. They will also mobilise District Council members, members of “the three committees” and Care Teams to disseminate the latest weather information to residents in flood-prone areas, reminding them to make necessary preparations.

     
         The Education Bureau will closely monitor the weather conditions and announce the arrangement for schools as early as necessary to facilitate parents and students in making early preparations.
     
         The Labour Department reminded employers to make prior work arrangements for employees in times of typhoons and rainstorms as early as possible, including arrangements on reporting for duty, release from work, resumption of work and remote work (if applicable). In drawing up and implementing the arrangements, employers should give prime consideration to employees’ safety and the feasibility of employees travelling to and from their workplaces, etc. Employers should also give consideration as much as possible to the different situations and actual difficulties faced by individual employees, and adopt a sympathetic and flexible approach.

         The Government departments will continue to serve with dedication and make preparations on all fronts to safeguard the lives and property of the public as well as public safety. The Government urges the public to stay alert and stay away from dangerous places such as rivers and slopes in adverse weather conditions, refrain from water sports, and continue to pay attention to the latest news released by the Government.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: NEWS: Sanders Calls for Fair Wages, Automation Protections for Fenway Park Workers

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    BURLINGTON, Vt., July 18 — Sen. Bernie Sanders (I-Vt.), Ranking Member of the Senate Committee on Health, Education, Labor, and Pensions, wrote a letter to the owner of the Boston Red Sox and the CEO of the Red Sox’s concessioner, Aramark, calling on them to respect the dedication and sacrifice of Fenway Park workers by negotiating with them in good faith for living wages and protections from automation.
    “Attending a Red Sox game would not be the memorable experience that it is—and the Red Sox would not draw such crowds—if it were not for your workers. Unfortunately, it is my understanding that you have not been negotiating in good faith on their very reasonable demands for living wages and basic job protections from automation. In my view, that is not acceptable,” Sanders wrote. “I write to urge you to immediately bargain in good faith with UNITE HERE Local 26 and reach a fair union contract with the 1,000 workers employed by Aramark at Fenway Park and MGM Music Hall.” 
    This week, Sanders met with Fenway Park workers, some of whom had worked in the ballpark for decades. They shared with him how they are taking home less and less as their managers try to replace human workers with machines that reduce gratuities and diminish the experience for both fans and workers. In June, Fenway Park workers voted nearly unanimously to authorize a strike if Aramark does not bargain with workers in good faith. 
    “I recently spoke with a number of your workers and what they told me was heartbreaking. All of them told me how much they love working at Fenway Park and how much they have enjoyed the meaningful and lasting relationships that they have developed with your loyal-season ticket holders and fans for years, if not decades. But all of the workers I talked to were sick and tired of being underpaid, underappreciated and overworked,” Sanders continued. “Moreover, many of your workers told me that, as a result of Fenway’s aggressive move to self-service concession machines, jobs have been lost and tips have been cut in half. These machines are not only harming your workers, they are undermining the experience of attending a game at historic Fenway Park.”
    Sanders noted the economic success of both the sports franchise and the concessioner, which are valued in the billions of dollars and which make hundreds of millions of dollars in profits every year.  While many of the workers at Fenway struggle to pay the rent and put food on the table, Mr. Henry, the owner of the Red Sox, has seen his wealth more than double over the past five years from $2.6 billion to $5.5 billion. Since Mr. Henry acquired the Red Sox in 2002 for $380 million, the value of this team has gone up by more than $4.3 billion. Aramark made $262 million in profits last year and is worth over $11 billion.
    To Red Sox owner John Henry, Sanders wrote: “The Boston Red Sox are not a poor baseball team. They are not going broke… If you can afford to sign a $120 million three-year contract for your injured third baseman, you can afford to treat all of your hard-working and dedicated workers at Fenway Park with the dignity and the respect they deserve.”
    To Aramark CEO John Zillmer, Sanders wrote: “If Aramark can afford to pay you $18.7 million in compensation and provide nearly $100 million in dividends for your wealthy shareholders, it can afford to pay all of your workers a living wage and not threaten to take away their jobs and their income with faceless Mashgin touchscreen computers.”
    “Your workers have made years and sometimes decades worth of sacrifices to continue working at Fenway and serving Red Sox fans because they love their jobs and their community. It is not a radical idea to pay your workers a living wage and to treat all of them with respect, not contempt,” Sanders concluded. “[D]o the right thing. Treat all of your workers with the respect and the dignity they deserve. Sit down at the negotiating table with your union workers. Bargain in good faith. Sign a union contract that is fair and that is just.”
    Read the letter here.

    MIL OSI USA News –

  • MIL-OSI Russia: Chinese Investments Boost Hungary’s Economic Growth – Hungarian Foreign Minister

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BUDAPEST, July 18 (Xinhua) — Chinese investment has significantly improved Hungary’s economic performance and supported the country’s ongoing structural reforms, Hungarian Foreign and Trade Minister Peter Szijjarto said on Friday.

    P. Szijjártó made the statement during a working breakfast in Budapest with the heads of Chinese companies operating in the country. “Hungary is proud to be the main European destination for Chinese capital, and we want to maintain this position,” he noted.

    Highlighting Hungary’s success in attracting Chinese investment, P. Szijjártó said that “in 2020, 2023 and 2024, Chinese companies became the largest investors in our country.” “These investments bring advanced technologies and create a significant number of stable jobs,” he added.

    The Hungarian Foreign Minister stressed the importance of global connectivity and cooperation based on mutual respect, noting that Hungary rejects the division of the world into competing blocs.

    He warned that undermining or limiting Chinese-European economic ties would create serious problems for the European economy.

    For his part, Chinese Ambassador to Hungary Gong Tao highly praised the fruitful results achieved in Chinese-Hungarian trade and economic cooperation, saying that thanks to the joint efforts of both sides, bilateral trade and economic cooperation will reach new heights, “will make an even greater contribution to economic development and improving living standards in both countries, and will continue to deepen the friendly relations between our countries.” –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: Bacon Announces Priorities Included in Defense Appropriations Bill

    Source: United States House of Representatives – Congressman Don Bacon (2nd District of Nebraska)

    Bacon Announces Priorities Included in Defense Appropriations Bill

    Secures over $2.3B for Nebraska Defense Research and Air Force Investments 

    Washington – Today, Rep. Don Bacon (NE-02) announced the successful inclusion of over $2.3 billion in critical Nebraska priorities in the Defense Appropriations bill passed by the House of Representatives with a bipartisan majority.  

    “Nebraska has long been recognized as an engine of innovation in the agriculture, medical, financial services, construction, transportation, and technology sectors. Additionally, over the last several years, Nebraska has earned a reputation as one of America’s leading centers of defense and national security research,” said Rep. Bacon. “With today’s House vote we’re a step further in cementing Nebraska’s growing leadership in national security.”

    Rep. Bacon’s Nebraska priorities incorporated in the Defense Appropriations bill passed today include:

    • $1.8 billion for development of the new E-4C Survivable Airborne Operations Center aircraft to be based at Offutt AFB
    • $474 million for 2 additional EA-37B Compass Call aircraft for the 55th Wing
    • $26 million to equip the new Nuclear Command, Control and Communications REACH facility in Bellevue 
    • $5 million for the Air Force Infectious Disease Aerial Transport training program at UNMC Omaha
    • $4.5 million for the University of Nebraska’s National Strategic Research Institute in Omaha
    • $5 million to upgrade RC-135 aircraft based at Offutt AFB
    • $4.8 million for commercial weather data to improve forecasting for the 557th Weather Wing

    ###

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 2027, Returning SBA to Main Street Act of 2025

    Source: US Congressional Budget Office

    Bill Summary

    H.R. 2027 would require the Small Business Administration (SBA) to relocate 30 percent of its employees from its headquarters in Washington, D.C., to regional offices throughout the United States and reduce its headquarters office space by 30 percent. Those changes would be contingent upon the agency determining that they would reduce costs to the federal government.

    Estimated Federal Cost

    The estimated budgetary effect of H.R. 2027 is shown in Table 1. The costs of the legislation fall within budget function 370 (commerce and housing credit).

    Table 1.

    Estimated Changes in Spending Subject to Appropriation Under H.R. 2027
     

    By Fiscal Year, Millions of Dollars

    		  
     

    2025

    2026

    2027

    2028

    2029

    2030

    2025-2030

    Salaries and Benefits

    		              

    Estimated Authorization

    *

    -4

    -10

    -8

    -2

    -2

    -26

    Estimated Outlays

    *

    -3

    -9

    -9

    -3

    -2

    -26

    Overhead Expenses

    		              

    Estimated Authorization

    0

    5

    6

    -5

    -5

    -5

    -4

    Estimated Outlays

    0

    4

    6

    -3

    -5

    -5

    -3

    Total Changes

    		              

    Estimated Authorization

    *

    1

    -4

    -13

    -7

    -7

    -30

    Estimated Outlays

    *

    1

    -3

    -12

    -8

    -7

    -29

    Basis of Estimate

    CBO assumes that H.R. 2027 will be enacted near the end of fiscal year 2025, that the SBA would not begin to relocate employees until 2026, and that the Congress would reduce annual appropriations by the estimated amounts each year. Outlays were estimated using historical obligation and spending rates.

    Spending Subject to Appropriation

    CBO estimates that implementing H.R. 2027 would decrease spending subject to appropriation by $29 million over the 2025-2030 period. The Congress appropriated $974million for the SBA’s administrative expenses in fiscal year 2025.

    Salaries and Benefits. H.R. 2027 would require the SBA to relocate 30 percent of its employees currently assigned to work at the headquarters in Washington, D.C., to regional offices throughout the United States within one year and to adjust their compensation for the new location. Additionally, employees would no longer be allowed to telework unless they qualify for an accommodation under the Americans with Disabilities Act.

    There are currently about 900 full-time employees assigned to work at the SBA headquarters; under the bill, about 270 employees would need to be relocated. CBO assumes that half of those employees would relocate in 2026, and half would choose to leave the agency. CBO expects that it would take about two years for the SBA to hire new employees at regional offices to replace those that leave the agency. The lag in hiring new employees accounts for about 50 percent of the estimated reduction in costs for salaries and benefits.

    Salaries and benefits for federal employees vary by location. Based on information from the SBA, CBO expects that the average salaries and benefits of those employees in 2026 would decrease from about $208,000 to $201,000. Employees that relocate would be eligible to receive amounts to cover their household’s transportation expenses, temporary housing and assistance with selling and purchasing a home.

    Using information from the Department of Agriculture, which relocated two subagencies in 2019, CBO estimates that average relocation expenses would be about $70,000 per employee. Additionally, some employees that leave the SBA would be eligible for severance averaging about $55,000 per employee. After accounting for anticipated inflation, attrition, and the time required to hire new employees, CBO estimates that implementing H.R. 2027 would reduce the costs of SBA’s salaries and benefits by $26 million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    H.R. 2027 also would require the SBA to report within six months on the number of employees at its headquarters who would be eligible to be relocated and a plan for implementing those changes. CBO estimates that the report would cost less than $500,000.

    Overhead Expenses. H.R. 2027 also would require the agency to reduce office space at its headquarters location by 30 percent within two years. Using information from the SBA, CBO estimates that overhead expenses (including rent, security, and telecommunications services) for the affected employees at the SBA headquarters totaled about $6 million in 2025 compared to costs of about $1.5 million at regional offices for the same number of employees.

    Finally, the SBA would require assistance from the General Services Administration (GSA) to locate and set up additional office space in regional offices. Using information from GSA, CBO estimates that the new working and meeting space, furniture, and workstation purchases, and installation of information technology and audiovisual equipment would cost $10 million. CBO expects those costs would be incurred in 2026 and 2027.

    After accounting for inflation, attrition, and the time required for hiring, and acquiring space and under the assumption that the SBA would reduce its office space in Washington, D.C., CBO estimates that implementing the bill would reduce overhead costs for the SBA by $3million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    Uncertainty

    CBO’s estimate of H.R. 2027 is subject to uncertainty because determining how many employees would relocate and the costs associated with their relocation is uncertain. For example, if the SBA paid severance to those that choose to leave the agency, decided not to hire new employees to offset expected attrition, or paid higher or lower relocation expenses, the actual costs could be higher or lower than those estimated.

    Additionally, if employees chose to retire and collect retirement benefits earlier than they would under current law, spending on retirement benefits, which are recorded in the budget as direct spending, would change.

    Pay-As-You-Go Considerations

    Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

    Increase in Long-Term Net Direct Spending and Deficits

    CBO estimates that enacting H.R. 2027 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2036.

    Mandates

    The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

    Previous CBO Estimate

    On June 27, 2025, CBO transmitted a cost estimate for S. 298, the Returning SBA to Main Street Act, as reported by the Senate Committee on Small Business and Entrepreneurship on March 4, 2025. The two bills are similar, and CBO’s estimates of their budgetary effects are the same.

    Federal Costs: Aurora Swanson

    Mandates: Rachel Austin

    Estimate Reviewed By

    Justin Humphrey
    Chief, Finance, Housing, and Education Cost Estimates Unit

    Kathleen FitzGerald 
    Chief, Public and Private Mandates Unit

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 2027, Returning SBA to Main Street Act of 2025

    Source: US Congressional Budget Office

    Bill Summary

    H.R. 2027 would require the Small Business Administration (SBA) to relocate 30 percent of its employees from its headquarters in Washington, D.C., to regional offices throughout the United States and reduce its headquarters office space by 30 percent. Those changes would be contingent upon the agency determining that they would reduce costs to the federal government.

    Estimated Federal Cost

    The estimated budgetary effect of H.R. 2027 is shown in Table 1. The costs of the legislation fall within budget function 370 (commerce and housing credit).

    Table 1.

    Estimated Changes in Spending Subject to Appropriation Under H.R. 2027
     

    By Fiscal Year, Millions of Dollars

    		  
     

    2025

    2026

    2027

    2028

    2029

    2030

    2025-2030

    Salaries and Benefits

    		              

    Estimated Authorization

    *

    -4

    -10

    -8

    -2

    -2

    -26

    Estimated Outlays

    *

    -3

    -9

    -9

    -3

    -2

    -26

    Overhead Expenses

    		              

    Estimated Authorization

    0

    5

    6

    -5

    -5

    -5

    -4

    Estimated Outlays

    0

    4

    6

    -3

    -5

    -5

    -3

    Total Changes

    		              

    Estimated Authorization

    *

    1

    -4

    -13

    -7

    -7

    -30

    Estimated Outlays

    *

    1

    -3

    -12

    -8

    -7

    -29

    Basis of Estimate

    CBO assumes that H.R. 2027 will be enacted near the end of fiscal year 2025, that the SBA would not begin to relocate employees until 2026, and that the Congress would reduce annual appropriations by the estimated amounts each year. Outlays were estimated using historical obligation and spending rates.

    Spending Subject to Appropriation

    CBO estimates that implementing H.R. 2027 would decrease spending subject to appropriation by $29 million over the 2025-2030 period. The Congress appropriated $974million for the SBA’s administrative expenses in fiscal year 2025.

    Salaries and Benefits. H.R. 2027 would require the SBA to relocate 30 percent of its employees currently assigned to work at the headquarters in Washington, D.C., to regional offices throughout the United States within one year and to adjust their compensation for the new location. Additionally, employees would no longer be allowed to telework unless they qualify for an accommodation under the Americans with Disabilities Act.

    There are currently about 900 full-time employees assigned to work at the SBA headquarters; under the bill, about 270 employees would need to be relocated. CBO assumes that half of those employees would relocate in 2026, and half would choose to leave the agency. CBO expects that it would take about two years for the SBA to hire new employees at regional offices to replace those that leave the agency. The lag in hiring new employees accounts for about 50 percent of the estimated reduction in costs for salaries and benefits.

    Salaries and benefits for federal employees vary by location. Based on information from the SBA, CBO expects that the average salaries and benefits of those employees in 2026 would decrease from about $208,000 to $201,000. Employees that relocate would be eligible to receive amounts to cover their household’s transportation expenses, temporary housing and assistance with selling and purchasing a home.

    Using information from the Department of Agriculture, which relocated two subagencies in 2019, CBO estimates that average relocation expenses would be about $70,000 per employee. Additionally, some employees that leave the SBA would be eligible for severance averaging about $55,000 per employee. After accounting for anticipated inflation, attrition, and the time required to hire new employees, CBO estimates that implementing H.R. 2027 would reduce the costs of SBA’s salaries and benefits by $26 million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    H.R. 2027 also would require the SBA to report within six months on the number of employees at its headquarters who would be eligible to be relocated and a plan for implementing those changes. CBO estimates that the report would cost less than $500,000.

    Overhead Expenses. H.R. 2027 also would require the agency to reduce office space at its headquarters location by 30 percent within two years. Using information from the SBA, CBO estimates that overhead expenses (including rent, security, and telecommunications services) for the affected employees at the SBA headquarters totaled about $6 million in 2025 compared to costs of about $1.5 million at regional offices for the same number of employees.

    Finally, the SBA would require assistance from the General Services Administration (GSA) to locate and set up additional office space in regional offices. Using information from GSA, CBO estimates that the new working and meeting space, furniture, and workstation purchases, and installation of information technology and audiovisual equipment would cost $10 million. CBO expects those costs would be incurred in 2026 and 2027.

    After accounting for inflation, attrition, and the time required for hiring, and acquiring space and under the assumption that the SBA would reduce its office space in Washington, D.C., CBO estimates that implementing the bill would reduce overhead costs for the SBA by $3million over the 2025-2030 period. Any reduction in spending would be subject to future appropriations being reduced by the estimated amounts.

    Uncertainty

    CBO’s estimate of H.R. 2027 is subject to uncertainty because determining how many employees would relocate and the costs associated with their relocation is uncertain. For example, if the SBA paid severance to those that choose to leave the agency, decided not to hire new employees to offset expected attrition, or paid higher or lower relocation expenses, the actual costs could be higher or lower than those estimated.

    Additionally, if employees chose to retire and collect retirement benefits earlier than they would under current law, spending on retirement benefits, which are recorded in the budget as direct spending, would change.

    Pay-As-You-Go Considerations

    Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

    Increase in Long-Term Net Direct Spending and Deficits

    CBO estimates that enacting H.R. 2027 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2036.

    Mandates

    The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

    Previous CBO Estimate

    On June 27, 2025, CBO transmitted a cost estimate for S. 298, the Returning SBA to Main Street Act, as reported by the Senate Committee on Small Business and Entrepreneurship on March 4, 2025. The two bills are similar, and CBO’s estimates of their budgetary effects are the same.

    Federal Costs: Aurora Swanson

    Mandates: Rachel Austin

    Estimate Reviewed By

    Justin Humphrey
    Chief, Finance, Housing, and Education Cost Estimates Unit

    Kathleen FitzGerald 
    Chief, Public and Private Mandates Unit

    H. Samuel Papenfuss 
    Deputy Director of Budget Analysis

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI: Chino Commercial Bancorp Reports 25% Increase in Net Earnings

    Source: GlobeNewswire (MIL-OSI)

    CHINO, Calif., July 18, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the second quarter ended June 30, 2025.

    Net earnings for the second quarter of 2025 were $1.54 million, reflecting an increase of $308.5 thousand, or 25.04%, compared to the same period last year. Basic and diluted earnings per share were $0.48 for the second quarter of 2025, up from $0.38 for the same quarter in 2024. Net earnings year-to-date increased by 16.85% or by $417.1 thousand, to $2.89 million, as compared to $2.48 million for the same period last year. Net earnings per share was $0.90 for the period ending June 30, 2025, and $0.77 for the same period last year.

    Dann H. Bowman, President and Chief Executive Officer, stated, “We are very pleased with the Bank’s performance in the second quarter of 2025, which set new records for total Assets, total Deposits, net earnings, and total Capital. Loan quality also remains very strong, with the Bank having no delinquent loans at quarter-end.

    We are also proud to announce the opening of the Bank’s fifth location in Corona during the second quarter. Early business development efforts have been very productive, with the branch already having $20 million in new deposits.

    The Bank’s Merchant Services program continues to deliver reliable credit card processing services for its customers, with significant savings and improved cash-flow options.”

    Financial Condition

    As of June 30, 2025, total assets reached $481.9 million, representing an increase of $15.3 million, or 3.3%, from $466.7 million on December 31, 2024. Total deposits rose by $22.7 million, or 6.5%, to $371.6 million, up from $348.9 million on December 31, 2024. Core deposits accounted for 97.01% of total deposits as of June 30, 2025.

    Gross loans increased by $1.02 million, or 0.5%, totaling $206.3 million as of June 30, 2025, compared to $205.2 million as of December 31, 2024. The Bank reported no delinquent loans, and three non-performing loans on non-accrual status, as of June 30, 2025. As of December 31, 2024, the Bank reported no delinquent loans and five non-performing loans on all on nonaccrual status. There were no Other Real Estate Owned (OREO) properties reported at either date.

    Earnings

    The Company reported net interest income of $3.7 million for the three months ended June 30, 2025, compared to $3.2 million for the same period in 2024. Average interest-earning assets were $414.6 million, while average interest-bearing liabilities totaled $221.9 million, resulting in a net interest margin of 3.69% for the second quarter of 2025. This compares favorably to the prior year’s second-quarter margin of 2.95%, based on average interest-earning assets of $432.2 million and average interest-bearing liabilities of $240.2 million.

    Non-interest income totaled $1.0 million in the second quarter of 2025, an increase of 23.0% compared to $822.0 thousand in the second quarter of 2024. Most of the increase was driven by higher service charges and fees on deposit accounts, which rose to $527.2 thousand—an increase of $66.5 thousand, or 14.5%, compared to $460.6 thousand in the same period last year. Merchant services processing revenue also contributed to the growth, totaling $178.8 thousand for the quarter, up $30.0 thousand, or 20.2%, from $148.8 thousand in the second quarter of 2024.

    General and administrative expenses totaled $2.7 million for the three months ended June 30, 2025, compared to $2.3 million for the same period in 2024. The largest component of these expenses was salary and benefits, which amounted to $1.6 million in the second quarter of 2025, up from $1.4 million in the prior year.

    Income tax expense for the quarter was $614.9 thousand, reflecting an increase of $129.4 thousand, or 26.7%, compared to $485.5 thousand for the same period last year. The Company’s effective income tax rate was approximately 28.5% for the period ending June 30, 2025, and 28.3 for the same period last year.

    Forward-Looking Statements

    The statements contained in this press release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties, including but not limited to, the health of the national and California economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology and gain efficiencies therefrom, and changes in interest rates, loan portfolio performance, and other factors.

    Contact: Dann H. Bowman, President and CEO or Melinda M. Milincu, Senior Vice President and CFO, Chino Commercial Bancorp and Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, CA. 91710, (909) 393-8880.

         
    Consolidated Statements of Financial Condition    
    As of 6/30/2025    
      Jun-2025
    Ending Balance    		     Dec-2024
    Ending Balance    		  
    Assets    
    Cash and due from banks $56,447,198     $45,256,619  
    Cash and cash equivalents $56,447,198     $45,256,619  
         
    Fed Funds Sold $9,060     $31,029  
         
    Investment securities available for sale, net of zero    
    allowance for credit losses $6,082,331     $6,558,341  
    Investment securities held to maturity , net of zero    
    allowance for credit losses $192,972,194     $190,701,756  
    Total Investments $199,054,525     $197,260,097  
         
    Gross loans held for investments $206,254,179     $205,235,497  
    Allowance for Loan Losses ($4,637,060 )   ($4,623,740 )
    Net Loans $201,617,119     $200,611,757  
    Stock investments, restricted, at cost $3,662,000     $3,576,000  
    Fixed assets, net $8,069,987     $7,255,785  
    Accrued Interest Receivable $1,532,213     $1,539,505  
    Bank Owned Life Insurance $8,600,690     $8,482,043  
    Other Assets $3,492,678     $3,170,159  
         
    Total Assets $481,978,760     $466,678,432  
         
    Liabilities    
    Deposits    
    Noninterest-bearing $172,049,944     $166,668,725  
    Interest-bearing $199,527,255     $182,200,703  
    Total Deposits $371,577,199     $348,869,428  
         
    Federal Home Loan Bank advances $10,000,000     $0  
    Federal Reserve Bank borrowings $40,000,000     $60,000,000  
    Subordinated debt $10,000,000     $10,000,000  
    Subordinated notes payable to subsidiary trust $3,093,000     $3,093,000  
    Accrued interest payable $220,193     $132,812  
    Other Liabilities $1,730,432     $1,877,996  
    Total Liabilities $436,620,824     $423,973,236  
         
    Shareholder Equity    
    Common Stock ** $10,502,558     $10,502,558  
    Retained Earnings $36,952,444     $34,059,943  
    Unrealized Gain (Loss) AFS Securities ($2,097,066 )   ($1,857,305 )
    Total Shareholders’ Equity $45,357,936     $42,705,196  
         
    Total Liab & Shareholders’ Equity $481,978,760     $466,678,432  
         
    ** Common stock, no par value, 10,000,000 shares authorized and 3,211,970 shares issued and outstanding at 6/30/2025 and 12/31/2024
         
             
    Consolidated Statements of Net Income
    As of 6/30/2025
      Jun-2025
    QTD Balance    		     Jun-2024
    QTD Balance    		     Jun-2025
    YTD Balance    		     Jun-2024
    YTD Balance    		  
    Interest Income        
    Interest & Fees On Loans $3,373,949     $2,801,198     $6,695,566     $5,528,999  
    Interest on Investment Securities $1,776,975     $1,945,563     $3,479,765     $3,881,668  
    Other Interest Income $176,702     $489,331     $433,028     $1,520,279  
    Total Interest Income $5,327,626     $5,236,092     $10,608,359     $10,930,946  
             
    Interest Expense        
    Interest on Deposits $1,255,426     $1,054,734     $2,445,727     $2,087,669  
    Interest on Borrowings $273,228     $997,524     $743,147     $2,310,217  
    Total Interest Expense $1,528,654     $2,052,258     $3,188,874     $4,397,886  
             
    Net Interest Income $3,798,972     $3,183,834     $7,419,485     $6,533,060  
             
    Provision For Loan Losses ($2,622 )   $1,794     $8,082     ($1,139 )
             
    Net Interest Income After Provision for Loan Losses $3,801,594     $3,182,040     $7,411,403     $6,534,199  
             
    Noninterest Income        
    Service Charges and Fees on Deposit Accounts $527,202     $460,658     $1,033,560     $900,515  
    Interchange Fees $110,482     $102,761     $216,951     $195,033  
    Earnings from Bank-Owned Life Insurance $60,373     $58,579     $118,647     $114,875  
    Merchant Services Processing $178,751     $148,770     $320,047     $281,538  
    Other Miscellaneous Income $134,621     $51,250     $177,814     $103,522  
             
    Total Noninterest Income $1,011,429     $822,018     $1,867,019     $1,595,483  
             
    Noninterest Expense        
    Salaries and Employee Benefits $1,632,294     $1,420,868     $3,220,764     $2,922,295  
    Occupancy and Equipment $219,906     $168,404     $401,359     $332,473  
    Merchant Services Processing $69,552     $73,394     $146,593     $144,603  
    Other Expenses $736,190     $624,150     $1,466,453     $1,280,128  
             
    Total Noninterest Expense $2,657,942     $2,286,816     $5,235,169     $4,679,499  
             
    Income Before Income Tax Expense $2,155,080     $1,717,243     $4,043,251     $3,450,182  
    Provision For Income Tax $614,855     $485,492     $1,150,750     $974,758  
             
    Net Income $1,540,225     $1,231,751     $2,892,501     $2,475,424  
             
    Basic earnings per share $ 0.48     $ 0.38     $ 0.90     $ 0.77  
             
    Diluted earnings per share $ 0.48     $ 0.38     $ 0.90     $ 0.77  
             
             
    Financial Highlights        
    As of 6/30/2025        
      Jun-2025
    QTD    		     Jun-2024
    QTD    		     Jun-2025
    YTD    		     Jun-2024
    YTD    		  
    Key Financial Ratios        
    Annualized Return on Average Equity   13.88%       12.61%       13.32%       12.85%  
    Annualized Return on Average Assets   1.41%       1.08%       1.32%       1.04%  
    Net Interest Margin   3.69%       2.95%       3.60%       2.91%  
    Core Efficiency Ratio   55.25%       57.09%       56.37%       57.57%  
    Net Chargeoffs/Recoveries to Average Loans   0.00%       0.00%       -0.01%       0.00%  
             
      3 month ended
    Jun-2025
    QTD Avg    		     3 month ended
    Jun-2024
    QTD Avg    		     Jun-2025
    YTD Avg    		     Jun-2024
    YTD Avg    		  
    Average Balances        
    (thousands, unaudited)        
    Average assets $440,184     $458,364     $442,199     $475,291  
    Average interest-earning assets $414,576     $432,215     $416,766     $450,774  
    Average interest-bearing liabilities $221,881     $240,214     $226,466     $258,566  
    Average gross loans $206,619     $187,788     $207,296     $184,961  
    Average deposits $369,282     $331,088     $363,382     $330,519  
    Average equity $44,617     $39,172     $43,924     $38,623  
             
      Jun-2025
    QTD    		     Dec-2024
    YTD    		        
    Credit Quality        
    Non-performing loans $833,565     $1,228,165        
    Non-performing loans to total loans   0.40%       0.60%        
    Non-performing loans to total assets   0.17%       0.26%        
    Allowance for credit losses to total loans   2.25%       2.25%        
    Nonperforming assets as a percentage of total loans and OREO   0.40%       0.60%        
    Allowance for credit losses to non-performing loans   556.29%       376.48%        
             
    Other Period-end Statistics        
    Shareholders equity to total assets   9.41%       9.15%        
    Net Loans to Deposits   54.12%       57.36%        
    Non-interest bearing deposits to total deposits   46.30%       47.77%        
    Company Leverage Ratio   11.48%       10.40%        
    Core Deposits / Total Deposits   97.01%       97.31%        
             

    The MIL Network –

  • MIL-OSI USA: Commissioner Johnson Hosted the Regulators’ Roundtable: Financial Markets Innovation and Supervision of Emergent Technology in London

    Source: US Commodity Futures Trading Commission

    LONDON — On July 14, 2025, Commodity Futures Trading Commission Commissioner Kristin Johnson convened the third annual international financial markets regulation roundtable in London. The agenda and engagement focused on rapidly evolving technologies — with emphasis on the increasing integration of artificial intelligence, the proliferation of cyber threats, and the rapid adoption of digital assets across global financial markets.[1]
    During the Emergent Technologies Roundtable, Commissioner Johnson explained “AI holds significant promise for making financial services more inclusive, efficient, and accessible. But its deployment must be underpinned by robust governance, ethical design, and global regulatory collaboration. For global regulatory leadership … the challenge is to balance innovation with stability, openness with security and privacy protections, and the benefits of automation with the value of human oversight.”  
    Reflecting on the need for effective governance, Commissioner Johnson explained that “governance — at the firm level and the system level — matters more than ever. Fintechs must invest in model risk management, ethical design, and responsible data practices. Supervisory approaches must evolve to keep pace with the changes occurring in the markets subject to our supervision.”
    The Roundtable also explored issues of operational resilience in the face of mounting cyber attacks launched by sophisticated actors operating from dark corners in many jurisdictions around the world with the potential to severely disrupt local and global financial markets. “Cyber resilience is a critical gateway issue for protecting market integrity, and an area where we need to be ‘all hands on deck’ on both sides of the pond. Cyber resilience is only as strong as its weakest link. It is important to stay vigilant and collaborate closely on best practices and lessons learned,” Commissioner Johnson said. 
    According to Commissioner Johnson, “convening regulators offers an exceptional opportunity for colleagues to share learning and understanding on emerging and persistent issues that directly impact market integrity, stability, and security. It has been my pleasure to coordinate an annual conversation among regulators each year of my service as a Commissioner.” 
    Roundtable attendees included representatives of the Federal Reserve Bank of Chicago, the Bank of England, the Financial Conduct Authority, Banco de España (the central bank of Spain), the European Securities and Markets Authority,  Deutsche Bundesbank (the central bank of the Federal Republic of Germany), the Comisión National del Mercado de Valores (the Spanish Securities Market Commission),the City of London, the Financial Action Task Force, the Cambridge Centre for Alternative Finance, and the London School of Economics Law School, among others.
    The attendees discussed a number of issues, including regulatory responses to cyber threats and operational resilience for systemically important financial institutions and market participants; risk management concerns and effective oversight of non-financial institution third party service providers; the impact of increasing reliance on AI; and strategies to enhance integrity, stability, and accountability in global financial markets. 
    “I extend my gratitude to the roundtable attendees,” Commissioner Johnson continued. “Hopefully, the insightful dialogue inspires harmonization, coordination, and collaboration across financial banking and market regulation.” 

    MIL OSI USA News –

  • MIL-OSI Security: Nevada Nurse Practitioner Pleads Guilty to Fraudulent Medicare Wound Care Billing

    Source: US FBI

    LAS VEGAS – A Las Vegas nurse practitioner pleaded guilty today to conspiring to fraudulently bill Medicare for amniotic wound allografts for patients that were medically unreasonable and unnecessary in exchange for illegal health care kickbacks.

    Mary Huntly, 67, was charged with one-count of conspiracy to defraud the United States and pay and receive health care kickbacks. United States District Judge James C. Mahan scheduled sentencing for October 15, 2025.

    According to court documents and admissions made in court by Huntly, she applied medically unnecessary allografts to Medicare beneficiaries that were procured through illegal kickbacks and bribes. Huntly admitted that, from September 2022 through April 2024, her wound care company fraudulently billed Medicare approximately $14,333,550, and Medicare paid approximately $9,105,563 based on those false claims.

    “The defendant applied medically unnecessary allografts for patients and received millions in illegal kickbacks from the fraudulent Medicare claims,” said United States Attorney Chattah for the District of Nevada. “We are committed to working with our partners at the FBI, HHS-OIG, and DCIS to pursue and hold criminal actors accountable for preying on vulnerable citizens and stealing from health care programs.”

    “Medicare and Medicaid, crucial components of our nation’s health care system, are funded by a limited pool of resources,” said Special Agent in Charge Amir Ehsaei for the FBI Las Vegas Division. “Mary Huntly admitted to exploiting the system and taking advantage of America’s most vulnerable populations. She was a trusted healthcare provider, focusing on wound care, and her abuse is significant. The FBI and our federal partners will continue to bring rapacious healthcare professionals like Huntly to justice.”

    “Health care professionals who aim to enrich themselves by performing medically unnecessary procedures undermine the integrity of Federal health care programs and expose their patients to potential harm,” said Deputy Inspector General for Investigations Christian J. Schrank with the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG, working closely with our law enforcement partners, will continue to aggressively pursue those who commit health care fraud.”

    At sentencing, Huntly faces a maximum statutory penalty of five years in prison. A federal district court judge will determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division; United States Attorney Sigal Chattah for the District of Nevada; Special Agent in Charge Amir Ehsaei for the FBI Las Vegas Division; Deputy Inspector General for Investigations Christian J. Schrank of the Department of Health and Human Services Office of Inspector General; and Acting Special Agent in Charge John E. Helsing for the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Western Field Office made the announcement.

    This case was investigated by the FBI, HHS-OIG, and DCIS. The case is being prosecuted by Assistant U.S. Attorney Jessica Oliva of the District of Nevada and Trial Attorneys Monica Cooper of the Texas Strike Force and Shane Butland of the National Rapid Response Strike Force.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    ###

     

     

    MIL Security OSI –

  • MIL-OSI Security: California Man Indicted for Scheme to Defraud New Jersey Company of Millions of Dollars

    Source: US FBI

    NEWARK, N.J. – A California man has been indicted for fraudulently obtaining millions of dollars from a victim company based in New Jersey, U.S. Attorney Alina Habba announced.

    Joseph Rodriguez, 70, of Irvine, California, is charged by indictment with three counts of wire fraud.  Rodriguez was arrested yesterday and appeared before U.S. Magistrate Judge John D. Early in Santa Ana, California federal court.

    According to documents filed in this case and statements made in court:

    In January 2015, Rodriguez, through his company Old American Incorporated, entered into a factoring agreement with a New Jersey company (identified in the indictment as “Victim-1”) to obtain loans secured or collateralized by accounts receivable.  Under the factoring agreement, in which a business sells its outstanding invoices to a third party for immediate cash, Old American retained control over customer relationships and debt collection and was required to pay back Victim-1 directly within 90 days.

    From February 2023 through July 2023, Rodriguez submitted to Victim-1 fraudulent invoices for future accounts receivable that Rodriguez represented were owed to Old American.  In fact, the customers listed in the invoices Rodriguez provided to Victim-1 did not owe any money to Old American for any outstanding invoices, and there were no accounts payable to turn over.  Based on the fraudulent invoices, Victim-1 made millions of dollars of advance payments to Rodriguez, which he did not return.

    Each of the wire fraud charges carries a maximum penalty of 20 years in prison and a maximum fine of up to $250,000, or twice the gross gain to the defendant or loss to the victim, whichever is greatest.

    U.S. Attorney Habba credited special agents of the Federal Bureau of Investigation, under the direction of Special Agent in Charge Stefanie Roddy in Newark, with the investigation leading to the charges.

    The government is represented by Assistant U.S. Attorneys Farhana C. Melo and Benjamin D. Bleiberg of the Economic Crimes Unit in Newark.

    The charges and allegations contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

                                                                                         ###

    MIL Security OSI –

  • MIL-OSI USA: Q&A: Organized Retail Crime Costs Families $500 Annually

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    Q: How does organized retail crime impact Main Street businesses and customers?

    A: Organized crime syndicates are rampaging retail stores and cargo fleets across the country through sophisticated criminal schemes. It’s costing businesses and consumers billions of dollars a year. We’re not talking about a kid stealing a candy bar or pack of gum near the checkout counter. These schemes include cybercrime, fraud and other complex cons that have surged in recent years, with the average loss per cargo theft incident exceeding $200,000. Transnational criminal organizations target U.S. shippers, retailers and the supply chain with aggressive tactics overwhelming local law enforcement. Cargo theft costs the supply chain up to $35 billion each year, contributing to higher consumer prices and driving up insurance costs.

    According to the National Retail Federation, more than 73 percent of retailers report shoplifters are exhibiting more violence and aggression than the previous year, putting their employees, customers and law enforcement and security personnel at risk. These orchestrated crimes plunder large quantities of merchandise from retail stores, warehouses and the supply chain. Then criminal enterprises turn around to resell the stolen goods online or through other illicit channels for profit. As chairman of the Senate Judiciary Committee, I held a congressional hearing in July to hear from retailers, shippers and others impacted along the supply chain by these crimes. An executive with the American Trucking Association called for a coordinated federal response to address this dangerous and costly criminal activity and backed my bipartisan bill, the Combatting Retail Crime Act, to establish a multi-agency response, giving law enforcement new tools to respond to the surge in cargo theft across the country.

    At the hearing I brought up recent efforts by the U.S. Department of Justice that indicted 11 defendants, including nine illegal immigrants, with stealing nearly a half-million dollars of Nike shoes from rail cars. Even more serious is when criminals steal from the food supply chain, like from a pallet of groceries or infant formula, since they break the safety seal of the shipping container and ruin the entire cargo container of goods. I also brought up another investigation that connected thefts at a mall in Katy, Texas to a cartel that’s believed to be responsible for over $100 million in theft across the country. It’s a sweeping problem that demands swift justice. Homeland Security Investigations estimate the average American family will pay more than $500 in additional costs each year due to organized retail crime.

    Q: How would your bill combat these crimes?

    A: A few years ago, I convened a roundtable in Cedar Rapids to hear concerns and learn from local retail leaders and law enforcement about the rise in organized retail crimes. Since then, I’ve pushed for a coordinated response at the federal level. The Department of Homeland Security has found that cartels, terrorists and human traffickers facilitate organized retail and supply chain crime and use the proceeds to finance other crimes. It’s a criminal hamster wheel that spans the globe and demands an informed and beefed up response from the nation’s counterterrorism and intelligence agencies. At the Senate hearing in July, I asked the District Attorney for San Diego County why it’s important for prosecutors to aggregate the value of stolen goods. She explained that aggregation distinguishes between someone who shoplifts food to eat from the repeat criminal offender who goes into a store with a calculator to stay under a $950 threshold so that the criminal would only be subject to a misdemeanor. That misguided policy led to retail stores locking up merchandise, instead of prosecutors locking up the perpetrators stealing the merchandise. I was pleased to hear California changed this poppycock policy to allow prosecutors to aggregate stolen merchandise in the pursuit of justice. I’ll continue pushing in Congress for criminal action to be met with criminal punishment.

    MIL OSI USA News –

  • MIL-OSI USA: National Anti-Counterfeiting Month Resolution Unanimously Passes Senate

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and Sen. Chris Coons (D-Del.), co-chairs of the Congressional Trademark Caucus, welcomed the Senate’s unanimous passage of their resolution designating July as “National Anti-Counterfeiting and Consumer Education and Awareness Month.” The bipartisan effort aims to drive awareness of the economic importance of trademarks and their role in protecting consumers.

    Grassley and Coons are joined on the resolution by Sens. Thom Tillis (R-N.C.) and Mazie Hirono (D-Hawaii).

    “Counterfeit products threaten our economy and consumers’ health and well-being,” Grassley said. “I’m glad to lead this bipartisan effort to educate Americans on the dangers of illicit knockoffs and the economic value of trademarks.”

    “Americans should have confidence that the products they’re buying are legitimate and safe – that they have been tested for dangerous chemicals, comply with regulatory standards and aren’t supporting criminal enterprises,” Coons said. “Businesses should be able to protect and sell their innovative products without fear that every new idea will be stolen. My resolution with my Congressional Trademark Caucus co-chair, Senator Grassley, protects American businesses, the public and our economy by raising awareness of counterfeit goods, and I’m glad the Senate has shown it shares this goal by unanimously passing our resolution.”

    “Counterfeit products hurt American businesses and put consumers at serious risk,” Tillis said. “I’m proud to support this resolution recognizing the importance of trademark protections and raising awareness on the dangers of counterfeiting.”

    “The true cost of counterfeiting cannot be measured in dollars alone, but in the injuries to consumers caused by often dangerous fakes, in diminished investments to drive the next wave of innovation by American businesses, in jobs lost to unfair competition, and increasingly, by the threats such products pose to our national security,” said Travis Johnson, Vice President for Legislative Affairs of the International Anti-Counterfeiting Coalition. “We applaud the passage of S.Res. 314, and thank the sponsors – Senator Grassley, Senator Coons, Senator Hirono and Senator Tillis – both for their leadership on this issue, and for their recognition of the vital role that education can play in helping to protect consumers, legitimate businesses and the economy as a whole.”

    “Illicitly traded goods—including apparel, footwear, accessories, and travel goods—undermine trusted American brands but also threaten the jobs and livelihoods of millions of U.S. workers and the safety of American consumers and the environment. Thank you to Senator Grassley and Senator Coons for again recognizing the need for this ‘National Anti-Counterfeiting and Consumer Education and Awareness Month’ – bringing vital attention to the role trademarks play in both the U.S. economy and the protection of consumers. AAFA applauds these essential national efforts to continue to raise consumer awareness of the dangerous and growing counterfeit crisis,” said Steve Lamar, President and CEO of the American Apparel & Footwear Association.

    Read the full resolution HERE.

    Background:

    As co-chair of the Congressional Trademark Caucus and former chairman of the Senate Finance Committee, Grassley is a longtime advocate for consumer safety and intellectual property rights. In 2021, the Grassley-backed INFORM Consumers Act was signed into law, ensuring transparency of third-party sellers in online retail marketplaces. Grassley has also introduced legislation to halt counterfeit imports and spearheaded a resolution highlighting the dangers of counterfeit prescription drugs.

    -30-

    MIL OSI USA News –

  • CIL pledges ₹10 crore to enhance tribal education in Chhattisgarh’s Eklavya Model Residential Schools

    Source: Government of India

    Source: Government of India (4)

    In a significant move to uplift tribal education, the Ministry of Tribal Affairs (MoTA) and Coal India Ltd (CIL) on Friday signed a landmark Memorandum of Understanding (MoU) to enhance the quality of education for over 28,000 tribal students across 68 Eklavya Model Residential Schools (EMRS) in Chhattisgarh. Under its Corporate Social Responsibility (CSR) initiative, CIL has committed ₹10 crore to support digital education, health, and entrepreneurship programs for these students.

    The Eklavya Model Residential Schools, established by MoTA, provide quality education to Scheduled Tribe (ST) children, equipping them for higher education and professional opportunities while ensuring their nutrition and overall development. Currently, 479 EMRS are operational nationwide. This collaboration aims to create a modern, innovative learning environment and foster equal opportunities for students from marginalized communities.

    CIL’s contribution will fund the establishment of computer labs with approximately 3,200 computers and 300 tablets to promote digital education. Additionally, the initiative will prioritize the health and hygiene of girl students by installing around 1,200 sanitary napkin vending machines and incinerators in schools and hostels. The program also includes comprehensive mentorship for students and residential entrepreneurial boot camps at prestigious institutions like IIT, IIM, and NIT to cultivate an entrepreneurial mindset among tribal youth.

    Implemented through the National Scheduled Tribes Finance and Development Corporation (NSTFDC), a Section 8 company under MoTA, this initiative aligns with the National Education Policy (NEP) 2020, emphasizing equitable and inclusive education.

  • MIL-OSI: Nasdaq statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Today, Nasdaq issued the following statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it.

    Nasdaq is aware of the preliminary proxy that was filed by Invesco QQQ Trust and the proposals contained within it. Invesco and Nasdaq were engaged in dialogue as Invesco explored bringing these proposals to shareholders.

    The proposed change to the Trust structure does not alter the terms of Nasdaq’s licensing arrangements with Invesco nor the administration of the Nasdaq-100® Index. If the proposals are approved, Invesco will pay the associated license fee out of its unitary management fee, as compared to the current state where the license fee is paid by QQQ directly.

    We remain committed to our strategic partnership with Invesco and delivering the trusted benchmark on which investors rely.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements regarding our future financial results and our partnerships, agreements, products and services. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise

    -NDAQF-

    Media Contacts: Maximilian Leitenberger, Nasdaq, Maximilian.leitenberger@nasdaq.com

    Investor Relations Contact: Ato Garrett, Ato.Garrett@Nasdaq.com

    The MIL Network –

  • MIL-OSI: Nasdaq statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Today, Nasdaq issued the following statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it.

    Nasdaq is aware of the preliminary proxy that was filed by Invesco QQQ Trust and the proposals contained within it. Invesco and Nasdaq were engaged in dialogue as Invesco explored bringing these proposals to shareholders.

    The proposed change to the Trust structure does not alter the terms of Nasdaq’s licensing arrangements with Invesco nor the administration of the Nasdaq-100® Index. If the proposals are approved, Invesco will pay the associated license fee out of its unitary management fee, as compared to the current state where the license fee is paid by QQQ directly.

    We remain committed to our strategic partnership with Invesco and delivering the trusted benchmark on which investors rely.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements regarding our future financial results and our partnerships, agreements, products and services. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise

    -NDAQF-

    Media Contacts: Maximilian Leitenberger, Nasdaq, Maximilian.leitenberger@nasdaq.com

    Investor Relations Contact: Ato Garrett, Ato.Garrett@Nasdaq.com

    The MIL Network –

  • MIL-OSI: 21Shares Files for 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — 21Shares US LLC today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two Funds, the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

    The exchange-traded funds are the first crypto basket ETFs to be registered under the Investment Company Act of 1940. Each Fund is designed to offer diversified exposure to the crypto market through dedicated indexes, constructed by 21Shares and maintained by FTSE Russell.

    • The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally. This index dynamically adjusts to reflect the size and success of each asset, allowing the market itself to determine the leaders. Larger, more relevant cryptocurrencies naturally hold greater weights, capturing the evolving landscape of the crypto space.
    • The 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate FTSE Russell index that excludes Bitcoin, investing exclusively in cryptocurrencies and blockchain networks that focus on real-world applications beyond Bitcoin’s macro hedge proposition.

    Asset inclusion in the index is subject to a dual-layer research review by both FTSE Russell and 21Shares.

    Structured as 1940 Act funds, the ETFs also offer investors a familiar and more tax-efficient vehicle, qualifying for Form 1099 tax reporting instead of the more complex K-1 forms often associated with other structures.

    “These filings represent a step in 21Shares’ regulatory engagement in the U.S.,” said Federico Brokate, Head of U.S. Business at 21Shares. “Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.”

    “The methodology and structure behind our digital asset pricing and indices were developed to give investors strategic allocation tools”, said Kristen Mierzwa, Head of Digital Assets at FTSE Russell. “Collaborating with 21Shares on a market exposure pair – with and without Bitcoin – underscores our commitment to innovation in digital asset investing.”

    21Shares is launching the two Funds in partnership with ETF Solutions by Teucrium, who serves as the adviser and white-label platform supporting the development and efficient market entry of these products.

    A registration statement relating to the Funds has been filed with the SEC but has not yet become effective.

    About 21Shares

    21Shares AG, an affiliate of 21Shares US LLC, the sponsor to the 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, is one of the world’s leading cryptocurrency exchange traded product providers, and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact

    Matteo Valli: matteo.valli@21shares.com
    Alethea Jadick: ajadick@sloanepr.com

    Important Information

    The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or financial instruments in any jurisdiction, including the United States. Some of the information published herein may contain forward-looking statements and readers are cautioned that any such forward-looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness, or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax, or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof. Investments in crypto-related securities involve significant risk, including volatility and regulatory uncertainty. There is no guarantee that the Funds will be approved by the SEC or made available to investors.

    A registration statement relating to the securities of the Index ETFs has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

    The MIL Network –

  • MIL-OSI: 21Shares Files for 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — 21Shares US LLC today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two Funds, the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

    The exchange-traded funds are the first crypto basket ETFs to be registered under the Investment Company Act of 1940. Each Fund is designed to offer diversified exposure to the crypto market through dedicated indexes, constructed by 21Shares and maintained by FTSE Russell.

    • The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally. This index dynamically adjusts to reflect the size and success of each asset, allowing the market itself to determine the leaders. Larger, more relevant cryptocurrencies naturally hold greater weights, capturing the evolving landscape of the crypto space.
    • The 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate FTSE Russell index that excludes Bitcoin, investing exclusively in cryptocurrencies and blockchain networks that focus on real-world applications beyond Bitcoin’s macro hedge proposition.

    Asset inclusion in the index is subject to a dual-layer research review by both FTSE Russell and 21Shares.

    Structured as 1940 Act funds, the ETFs also offer investors a familiar and more tax-efficient vehicle, qualifying for Form 1099 tax reporting instead of the more complex K-1 forms often associated with other structures.

    “These filings represent a step in 21Shares’ regulatory engagement in the U.S.,” said Federico Brokate, Head of U.S. Business at 21Shares. “Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.”

    “The methodology and structure behind our digital asset pricing and indices were developed to give investors strategic allocation tools”, said Kristen Mierzwa, Head of Digital Assets at FTSE Russell. “Collaborating with 21Shares on a market exposure pair – with and without Bitcoin – underscores our commitment to innovation in digital asset investing.”

    21Shares is launching the two Funds in partnership with ETF Solutions by Teucrium, who serves as the adviser and white-label platform supporting the development and efficient market entry of these products.

    A registration statement relating to the Funds has been filed with the SEC but has not yet become effective.

    About 21Shares

    21Shares AG, an affiliate of 21Shares US LLC, the sponsor to the 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, is one of the world’s leading cryptocurrency exchange traded product providers, and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact

    Matteo Valli: matteo.valli@21shares.com
    Alethea Jadick: ajadick@sloanepr.com

    Important Information

    The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or financial instruments in any jurisdiction, including the United States. Some of the information published herein may contain forward-looking statements and readers are cautioned that any such forward-looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness, or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax, or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof. Investments in crypto-related securities involve significant risk, including volatility and regulatory uncertainty. There is no guarantee that the Funds will be approved by the SEC or made available to investors.

    A registration statement relating to the securities of the Index ETFs has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

    The MIL Network –

  • MIL-OSI United Kingdom: Report confirms Council’s stewardship of public resources is sound

    Source: City of Plymouth

    Plymouth residents can be assured that the City Council meets high standards for how it conducts its affairs and looks after public resources, a new report shows.

    The Council’s draft Annual Governance Statement shows external evaluation and assessments demonstrate it has maintained effective governance arrangements throughout 2024/25 and provided ‘reasonable assurance’ over the conduct of its affairs and stewardship of public resources.

    The report says an Assurance Review by the independent Chartered Institute of Public Finance and Accountancy (CIPFA) gave an overall positive assessment of the Council’s financial position and governance arrangements, noting efficient financial management processes and strong budget ownership.

    The Council also has strong governance over its procurement of goods and services, with a new organisational Procurement Strategy approved incorporating national and local priorities while accounting for upcoming legislative changes including the Procurement Act 2023.

    The Council’s Constitutional Framework is also robust, with refreshed Contract Standing Orders and rules of debate approved following a comprehensive review. Improvements include a legal implications sections added to committee and decision report templates.

    Internal Audit has provided ‘Reasonable Assurance’ on the adequacy and effectiveness of the Council’s internal control framework, while there is also constructive engagement with the Council’s external auditors and government reviewers.

    Council Leader Tudor Evans said: “We take our duty to ensure there is robust governance over decision making and how we spend public money extremely seriously, so it is heartening that we have these assurances from the bodies and systems that oversee this. It is a testament to the hard work and diligence of our finance team and council officers that our audit process provides a high level of confidence in our financial management and our systems and processes.

    “This report shows that those who try and make political capital by claiming the council is not managing its budgets carefully and responsibly are wrong. The evidence from those responsible for assessing and auditing what we do is that we have strong systems and oversight in place and that we are committed to continuing to do all we can to ensure we provide best value for Plymouth residents.”

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Alberta’s Heritage Fund reaches new heights

    [. By investing in the Heritage Fund, by 2050 Alberta will be on the path to energize its economy, create new opportunities and fund projects that make life better for all Albertans.

    This $2.8-billion contribution marks a new record for the fund and keeps the province on track to reach its goal of $250 billion by 2050. The goal is to grow the fund to the point where, after 2050, Alberta would be able to withdraw some of the income the fund earns each year while still allowing it to grow over time. Those withdrawals could help cover fluctuations in resource revenue, invest in important infrastructure and keep taxes low.

    “Alberta is turning resource strength into lasting financial security. By growing the Heritage Fund, we’re strengthening core services like health care and education, while preserving the low-tax Alberta advantage. This $2.8-billion boost to the Heritage Fund is a bold step that sets the province on the path to success and puts Albertans first.”

    Danielle Smith, Premier

    “This investment is a key step in securing a prosperous future with stable revenues and competitive taxes for Albertans today and tomorrow.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Alberta’s government recently launched their plan, Renewing the Alberta Heritage Savings Trust Fund: A Roadmap to Securing Alberta’s Future. This plan outlines how Alberta will grow the Heritage Fund to $250 billion by 2050 through strategic investments, global partnerships and strong governance, securing long-term economic growth and stability. These strategic investments will eventually fund the public services and infrastructure vital to supporting the growing province.

    Central to the plan is the leadership of the Heritage Fund Opportunities Corporation. The updated corporation will modernize the fund’s management and help Alberta access global investment opportunities to create meaningful wealth and future prosperity. Led by board chair Joe Lougheed, the corporation will strengthen the governance of Heritage Fund assets and support investment decisions independent from government.

    “Our role is to ensure the Heritage Fund is managed with the highest standards of governance and independence. By embracing global opportunities and modernizing oversight, we’re safeguarding Alberta’s wealth to deliver steady, long-term prosperity for Alberta’s future generations.”

    Joe Lougheed, chair, Heritage Fund Opportunities Corporation

    This historic boost to Alberta’s Heritage Fund isn’t just about the numbers – it’s about building a future where families thrive, communities grow and Alberta stays strong no matter what comes next.

    Quick facts:

    • Alberta’s government invested $2.8 billion from the 2024-25 surplus cash in the Heritage Fund, growing the fund to $30 billion from $27.2 billion in 2024-25.
      • This is up from $22.9 billion in 2023-24, the previous fiscal year.
    • Alberta’s goal is to grow the fund to $250 billion by 2050.
      • Once $250 billion is reached, interest from the fund will help stabilize resource revenue, invest in infrastructure and keep taxes low.
    • Since 2019-20, the Heritage Fund has grown more than 84 per cent:
      • from $16.3 billion to $30 billion.
    • Since 2022-23, the Heritage Fund has grown more than 41.5 per cent:
      • from $21.2 billion to $30 billion.
    • The board of the Heritage Fund Opportunities Corporation brings together the skills and expertise of Alberta and international leaders in investment management to set Alberta up for long-term success. The current members are:
      • Joe Lougheed, board chair, Alberta
      • Kate White, director, Alberta
      • Jacqueline Curzon, director, Switzerland
      • Jouko Karvinen, director, Finland
      • Chana Martineau, director, Alberta
      • Mary Ritchie, director, Alberta

    Related information

    • Heritage Savings Trust Fund
    • Renewing the Alberta Heritage Savings Trust Fund: a roadmap to securing Alberta’s future

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI USA: CFTC Staff Issues No-Action Letter Extension Regarding Position Aggregation Requirements

    Source: US Commodity Futures Trading Commission

    CFTC Staff Issues No-Action Letter Extension Regarding Position Aggregation Requirements | CFTC

    /PressRoom/PressReleases/9095-25
    Skip to main content

    July 18, 2025

    WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued a no-action letter extending the no-action positions in CFTC Staff Letter No. 22-09 regarding certain position aggregation requirements, which expires Aug.12. 

    -CFTC-

    MIL OSI USA News –

  • MIL-OSI USA: Governor Kehoe Announces Eleven Appointments to Various Boards and Commissions, Fills One County Vacancy

    Source: US State of Missouri

    JULY 18, 2025

    Jefferson City — Today, Governor Mike Kehoe announced eleven appointments to various boards and commissions and filled one county vacancy.

    Beth Banker, of Kansas City, was reappointed to the Child Abuse and Neglect Board.

    Ms. Banker is the clinical director for the Child Protection Center. She previously served as an art therapist and consultant at Operation Breakthrough. An active member of her community, Banker serves on the American Professional Society on the Abuse of Children (APSAC) and the Missouri Juvenile Justice Advisory Group. Banker earned a master’s degree in social work from Boston University.

    Cary Corley, Ph.D., of Lee’s Summit, was appointed to the Committee of Professional Counselors.

    Mr. Corley is currently the owner and clinical director of Corley Counseling, LLC. He previously served as a counselor for  Peace Partnership, a non-profit counseling center. Dr. Corley is an active member of his community, serving as a Sunday school and leadership institute teacher, marriage counselor, and seminar speaker at Abundant Life Church.  He is also a member of his Homeowners Association Elections Committee. Mr. Lee earned his Doctorate of Counseling Psychology from Midwestern College.

    Sarah Chapman, from Auxvasse, was appointed as the student representative to the Southeast Missouri State University Board of Governors.

    Ms. Chapman is a student ambassador for Southeast Missouri State University Admissions. She is a member of the Student Government Association and the National Society of Leadership and Success. Chapman is currently pursuing a double major in english and music at Southeast Missouri State University.

    Jeffery Davis, of Wardsville, was appointed to the Southeast Missouri State University Board of Governors.

    Mr. Davis is the executive director of Government Affairs for BNSF Railway. He previously served as the commissioner and chairman of the Missouri Public Service Commission. Davis is an active member of his community, serving on the Missouri Railroad Association and the Missouri Chamber of Commerce. Davis earned his Bachelor of Arts in Political Science from Southeast Missouri State University.

    Lee Harris, Ph.D., of Independence, was appointed to the Committee of Professional Counselors.

    Mr. Lee is the owner and therapist at AHA Mental Health. Harris also serves as the program manager of Adult and Family Services for ReDiscover, a nonprofit community mental health center that provides comprehensive programs and services for adults and children. He previously served as a program supervisor at the Child Abuse Prevention Association. Lee his Doctorate of Behavioral Health from Arizona State University.

    Todd Hays, of Monroe City, was reappointed to the Missouri State Fair Commission.

    Mr. Hays is a fifth-generation farmer operating a farrow-to-finish hog operation and row crop farm. He is an active member of his community, currently serving as vice president of the Missouri Farm Bureau and Monroe City Agri-Leaders, and previously served on the Monroe City Fair Board for over 15 years. Hays holds an Associate of Arts in Business Marketing from Moberly Area Community College.
     

    Jared Hill, of Kansas City, was appointed to the Missouri State Fair Commission.

    Mr. Hill is the president and owner of Mainline Services LLC, a railroad maintenance and emergency services company. Prior to Mainline, Hill served as the president of HB Trucking LLC. He is a member of the Platte County Fair Board, working tirelessly to promote agricultural education, youth programs, and community events. Hill is also an active member of Eagle Scout Troop 249.

    Megan Hill, of Marble Hill, was appointed as the Bollinger County Clerk.

    Ms. Hill previously served as the deputy recorder of deeds for the Bollinger County Courthouse before stepping in as the county clerk in an interim capacity. Prior to public service, she worked as an accounting manager at SEMO Options Inc. Hill earned a Bachelor of Science in Business Management from National American University.

    Matthew Kliethermes, Ph.D, of Maryland Heights, was reappointed to the Child Abuse and Neglect Review Board.

    Mr. Kliethermes is a clinical professor at the University of Missouri – St. Louis, serving as the training director for the Children’s Advocacy Services of Greater St. Louis. A leader in his field, he serves on several boards including the American Psychological Association and the National Child Traumatic Stress Network. Kliethermes earned his doctorate in clinical psychology from St. Louis University.

    Monica Lyle, of St. James, was appointed to the Child Abuse and Neglect Review Board.

    Ms. Lyle is a counselor for the Salem R-80 School District. She previously served as a counselor for the Rolla #31 School District and the director of education for Perimeter of Missouri. Lyle has been highly involved in several professional organizations, including the American School Counselor Association and the Missouri School Counselor Association. Lyle earned a master’s degree in counseling from Missouri Baptist University.

    Lesia Shelton, of Buffalo, was reappointed to the Governor’s Council on Disability.

    Ms. Shelton provides specialized employment services for the deaf and hard of hearing at Preferred Family Healthcare. An engaged member of her community, she serves as a member of the Deaf Awareness Group of Southwest Missouri and volunteers for the Dallas County Sheriff’s Posse. Shelton is a licensed Missouri Interpreter for the Deaf and Hard of Hearing.

    Jonathan Truesdale, of Raymore City, was appointed to the Lincoln University Board of Curators.

    Mr. Truesdale is an attorney at Truesdale Law, LLC in the Greater Kansas City area, specializing in criminal defense, probate law, and personal injury. He previously served as an attorney for Maryland Office of Public Defense. In addition to his professional career, Truesdale is a member of the Mercury Club of Kansas City. Truesdale earned his Juris Doctor from The Ohio State University Moritz College of Law.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Sojourner Truth State Park Improvements Underway

    Source: US State of New York

    overnor Kathy Hochul today announced the groundbreaking for the buildout of major elements of Sojourner Truth State Park in Ulster County, including a new swimming facility and bathhouse pavilion. Funded in part by the Clean Water, Clean Air, and Green Jobs Environmental Bond Act, other highlights slated to be completed by summer of 2026 include a new park entrance, entry road, trails and restrooms for visitors, and staff maintenance and administrative buildings. Named in honor of the life and legacy of 19th century African American abolitionist and suffragist, Sojourner Truth, the new park reclaims more than 500 acres of Hudson River shoreline land shared by the City of Kingston and the Town of Ulster and advances New York State’s commitment to Bond Act investments in disadvantaged communities.

    “A lack of access to safe and convenient swimming opportunities has denied far too many New Yorkers the chance to get off line and get outside by engaging with the water and learning foundational water safety skills,” Governor Hochul said. “The buildout at Sojourner Truth State Park is a step in the right direction to effect real change for Hudson Valley communities. This time next year, Ulster County residents and visitors will be welcomed to Lake Sophia to beat the heat and enjoy all that Sojourner Truth State Park has to offer, with more exciting park amenities continuing to be unveiled through 2027.”

    On the western side of the park, spring-fed quarry lake waters will become a public swimming facility named in honor of Sojourner Truth’s daughter, Sophia — the first new swimming facility in the State Parks system in 20 years (previous was Sandy Island Beach in 2005). Aligning with Governor Hochul’s Statewide Investment in More Swimming (NY SWIMS) initiative that invests in expanding swimming access across the State, Lake Sophia will offer hundreds of swimmers the option to enjoy a more structured swimming experience within a 12,000-square-foot floating swim crib or in a more adventurous deep-swim area. The swim crib will provide a safe environment for those learning to swim or who would benefit from the comprehensive accessible design. An adjacent pavilion will include public restrooms and showers, a first aid station and lifeguard facilities.

    Other park improvements that will be completed by summer 2026 include a new convenient park entrance directly off of Route 32 in Kingston that will lead visitors to upgraded roadways, parking lots, and sitewide trails in the park. Restoration of existing historic structures that illustrate the manufacturing history of the park grounds will also be completed within this timeframe.

    Additional buildout throughout Sojourner Truth State Park completed by 2027 will include additional trails including a scenic overlook destination; a repurposed industrial site with public restrooms, designed to host outdoor community events; and installations to interpret the area’s Indigenous Lenape heritage, industrial history, geology and natural environment. The entire project was designed to minimize the footprint of the improvements, maximize accessibility, foster the re-establishment of native ecosystems in the post-industrial landscape, and improve recreational opportunities in disadvantaged communities.

    The $75.6 million dollar project is largely supported by $68.1 million in funding from the Clean Water, Clean Air, and Green Jobs Environmental Bond Act at a location ideal for conservation, revitalization, and recreational public use. An additional $7.5 million in funding is supported by New York Works funding.

    New York State Parks Commissioner Pro Tempore Randy Simons said, “State Parks is thrilled to be building our first new swimming facility in two decades, expanding access to outdoor recreation, and fostering lifelong community connections at Sojourner Truth State Park for a community that’s suffered significant disinvestment for too long. Under the leadership of Governor Hochul, the public-private partnership between State Parks and the Palisades Interstate Park Commission, with initial momentum from Scenic Hudson, is continuing to transform this former industrial site into a phenomenal regional landmark and tribute to the legacy of a revolutionary New Yorker.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “With Governor Hochul’s leadership, the Clean Water, Clean Air and Green Jobs Environmental Bond Act continues to advance projects in disadvantaged communities that build healthier and more resilient communities and improve access to affordable outdoor recreation for all. The new swimming facility and upgrades to Sojourner Truth State Park will help Hudson Valley residents, particularly those in the city of Kingston, keep cool during extreme heat and connect to nature in this historically significant location. DEC is thrilled to join Governor Hochul in celebrating this major investment and getting more New Yorkers offline and outside.”

    Palisades Interstate Park Commission Executive Director Joshua Laird said, “Sojourner Truth State Park will be our first state park serving the Kingston community and beyond. The site’s beautiful, rugged landscape also offers fantastic views of the Hudson River and reveals a compelling story of the area’s history, from its earliest native inhabitants to the emergence of Sojourner Truth as an activist for abolition and women’s rights, and the later industries that produced brick and stone for a growing region. PIPC is thrilled to be a part of improving this remarkable site with our partners at New York State Parks and offers its thanks to Governor Hochul for supporting the park and the development of our first new swimming facility in many years.”

    State Senator Michelle Hinchey said, “Every community deserves access to the outdoors, and having a free local spot to swim is an important public resource for staying healthy, cooling off in the summer, and enjoying a good quality of life. It’s incredibly special that the first new swimming facility in New York’s State Parks system in 20 years is being built right here in Ulster County, at Sojourner Truth State Park—a space that represents equity and access for everyone in our community. I’m thrilled to support this project and thank Governor Hochul, State Parks, and all involved for investing in Ulster County.”

    Ulster County Executive Jen Metzger said, “These visionary recreational improvements to Sojourner Truth State Park, including the creation of a new natural swim area, will expand opportunities to connect with nature and beat the heat of a changing climate, especially for underserved communities in the City of Kingston and Town of Ulster. To be able to cool off and play safely in a stunning fresh-water quarry lake is truly a gift to our communities, and I thank Governor Hochul and the NYS Office of Parks, Recreation, and Historical Preservation for transformative investments that will benefit public health and community quality of life for generations to come.”

    Kingston Mayor Steve Noble said, “We are so fortunate to have the Sojourner Truth State Park right here in Kingston, which provides spectacular outdoor opportunities in our unique environment, and whose name honors one of our cherished local heroes. With these new amenities, we will truly have a world-class facility that will be a regional destination. I thank Governor Hochul for recognizing Kingston’s special natural resources and for championing this park, which will be enjoyed for generations to come.”

    Scenic Hudson President Ned Sullivan said, “Imagine the delight of dipping into the brisk water of a spring-fed quarry lake – surrounded by the natural beauty of upstate New York – for an inspiring swim on a hot summer day. We are grateful to Governor Hochul for spearheading the next phase of exciting improvements to Sojourner Truth State Park, continuing the transformation of a once-contaminated and abandoned industrial site into a vital resource and destination for the community and visitors. It’s an honor to partner with State Parks and the Palisades Interstate Park Commission, and we pledge our continued support.”

    The project builds on Governor Hochul’s efforts to encourage affordable outdoor recreation. The Fiscal Year 2026 Budget includes $200 million for State Parks to invest in and aid the ongoing transformation of New York’s flagship parks and support critical infrastructure projects throughout the park system. The Governor’s new Unplug and Play initiative also earmarks $100 million for construction and renovation of community centers through the Build Recreational Infrastructure for Communities, Kids and Seniors (NY BRICKS), $67.5 million for the Places for Learning, Activity and Youth Socialization (NY PLAYS) initiative helping New York communities construct new playgrounds and renovate existing playgrounds; and an additional $90 million for the continuation of the NY SWIMS initiative.

    NY SWIMS focuses on underserved communities and areas prone to extreme heat and reverses decades of disinvestment to ensure public parks offer new, state-of-the-art swimming facilities which can serve thousands of daily visitors. This project also advances the Bond Act’s goal of investing at least 35 percent of funding on disadvantaged communities (DACs) that shoulder a disproportionate burden of negative environmental outcomes such as pollution exposure and lack of access to open space.

    Nearly 50,000 people in racially and ethnically diverse communities live within five miles of Sojourner Truth State Park. About half the site is in a Low to Moderate Income area as defined by the U.S. Department of Housing and Urban Development (HUD), and 17.9 percent of the people in the location’s zip code are below the census-defined poverty level. It’s the second park named after a trailblazing Black woman.

    Sojourner Truth was born Isabella Baumfree (Bomefree), enslaved among Dutch people in Ulster County. A dynamic abolitionist, suffragist, and human rights advocate, she “walked away by day-light,” freeing herself from slavery one year before legal enslavement ended in New York. Her accomplishments and vital contributions to American history are recognized with the Ulster County park’s naming and the installation of a bronze statue at Walkway Over the Hudson State Historic Park, created by the sculptor Vinnie Bagwell. The elevation of her story is a key example of State Parks’ Our Whole History (OWH) initiative which seeks to reveal and share historically undertold stories of ordinary and extraordinary people across New York State.

    After Governor Hochul announced the park name at a groundbreaking in 2022, Scenic Hudson, the New York State Office of Parks, Recreation and Historic Preservation, and the Palisades Interstate Park Commission partnered to build a waterfront trail and 2,000-square-foot shaded community pavilion at Sojourner Truth State Park that was unveiled in 2023. Newly planted native trees, shrubs and grasses enhance the site’s ongoing recovery from its historic past as a hub for brick and cement manufacturing and provide new habitat for wildlife. The waterfront area contains bilingual interpretive signs about the river and the site’s history, bike racks, and seasonal toilet facilities.

    A paved, ADA-compliant River Pavilion Trail leads from the Hudson River Brickyard Trail/Empire State Trail to the waterfront, near the park’s northern entry. The trail features a small overlook area where visitors can rest while enjoying expansive views, including the Kingston-Rhinecliff bridge to the north. Another connector trail, longer and unpaved, leads to the Steep Rocks overlook and is currently being used by locals and visitors alike.

    The park’s new amenities were designed by Field Operations, LLC. The Construction Manager is Hudson Meridian Construction Group, LLC and General Contractors for the buildout include Buildings: Andron Construction Corporation, Site & Civil: A. Colarusso & Son, Inc., J&J Sass Electric, Inc., S&O Construction Services, Inc., all of whom were selected through a competitive bidding process.

    The New York State Office of Parks, Recreation and Historic Preservation oversees more than 250 parks, historic sites, recreational trails, golf courses, boat launches and more, which saw a record 88 million visits in 2024. For more information on any of these recreation areas, visit parks.ny.gov, download the free NY State Parks Explorer app or call 518.474.0456. Connect with us on Facebook, Instagram, X, LinkedIn, the OPRHP Blog or via the OPRHP Newsroom.

    Formed in 1900, PIPC is the nation’s first bi-state partnership established to protect and conserve natural lands. PIPC operates Palisades Interstate Park in New Jersey and the Palisades Region of the New York State Office of Parks, Recreation & Historic Preservation. PIPC’s early work helped inspire the emerging fields of environmental stewardship and education, pioneered the goal of exposing children to nature through its group campgrounds, and served as a model for the early growth of the national park system. The Commission’s maple and oak leaf logo represents the official state trees of New York and New Jersey.

    MIL OSI USA News –

  • MIL-OSI Africa: African Special Mining Report Launches Ahead of the African Mining Week (AMW) 2025

    Source: APO – Report:

    .

    Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/), in partnership with global accounting, audit and advisory network Moore Global, is proud to launch the African Special Mining Report 2025, a definitive analysis of Africa’s mining landscape released in support of African Mining Week (AMW).

    As the world accelerates toward a low-carbon, high-tech future, Africa is emerging as a critical player in global mineral supply chains. This timely publication captures the continent’s rising profile as a destination for strategic mineral investment – from copper and cobalt to lithium, gold, graphite and iron ore – while providing deep, actionable insight into the trends, policy shifts and financing structures shaping the future of mining across Africa.

    Produced as an official knowledge product of AMW 2025, the report connects directly to the platform’s mission of driving capital, partnerships and industrial development across Africa’s mining value chain. With extensive contributions from Moore Global’s energy, mining and renewables experts, the report draws on decades of experience advising clients in Africa and globally, offering forward-looking perspectives on ESG compliance, climate finance, regulatory reform and capital mobilization for mining ventures.

    The report explores Africa’s renewed strategic importance in global mineral supply chains, spotlighting developments such as the copper resurgence in Zambia and the DRC, the return of private equity to the continent’s mining sector and the persistent logistics challenges impacting offtake reliability. It also examines how ESG metrics are increasingly being monetized, how climate finance is reshaping the feasibility of mining projects and how the integration of renewables is redefining operational best practices. Alongside these forward-looking insights, the report provides a clear-eyed view of the regulatory landscape, analyzing sovereign policy shifts, beneficiation mandates and the evolving capital environment for both junior and major mining companies.

    “This report is about more than trends – it’s about where the African mining sector is headed, who is driving the shift and how the global investment landscape is responding. It also underscores AMW’s unique role in anchoring high-level dialogue and dealmaking around these developments. We’re proud to partner with Moore Global to deliver a resource that informs, challenges and empowers decision-makers across the mining ecosystem,” stated Rachelle Kasongo, AMW Conference Director.

    The African Special Mining Report 2025 is now available digitally (https://apo-opa.co/44BbrWu). 

    – on behalf of Energy Capital & Power.

    For media inquiries, interview requests or report access, please contact:
    communications@energycapitalpower.com

    MIL OSI Africa –