Category: Business

  • MIL-OSI USA: West Virginian Renters may be eligible for FEMA assistance

    Source: US Federal Emergency Management Agency

    Headline: West Virginian Renters may be eligible for FEMA assistance

    West Virginian Renters may be eligible for FEMA assistance

    West Virginian Renters may be eligible for FEMA assistanceCHARLESTON, W

    Va

    – West Virginia renters in Logan, McDowell, Mercer, Mingo, Wayne, and Wyoming counties who experienced losses due to the winter floods from February 15 – 18, 2025 may be eligible for disaster recovery assistance from FEMA and the U

    S Small Business Administration (SBA)

    Renters may be eligible for Individual Assistance grants from FEMA to help with such disaster-related expenses as:Renting a new place to live when the renter’s previous home was significantly damaged or lost due to the disaster

    Disaster-related medical and dental expenses

    Replacement or repair of necessary personal property lost or damaged in the disaster, such as appliances and furniture; textbooks and computers used by students; and work equipment or tools used by the self-employed

    Repair or replacement of vehicles damaged by the disaster

    Accepting FEMA funds will not affect eligibility for Social Security – including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) – Medicare, Medicaid, Supplemental Nutrition Assistance Program (SNAP) benefits, or other federal benefit programs

    Renters who sustained losses can apply for assistance in several ways:Visiting DisasterAssistance

    gov

    Downloading the FEMA App

    Calling the FEMA Helpline at 800-621-3362

    Phone lines are open every day and help is available in most languages

    If you use a relay service such as video relay service (VRS) or captioned telephone service, please provide FEMA your number for that service

    Speaking with someone in person

    Disaster Survivor Assistance (DSA) teams will be on the ground in impacted communities, walking door-to-door to share information and help residents apply for FEMA assistance

    In coordination with the West Virginia Emergency Management Division (WVEMD) and officials in impacted counties, FEMA has opened a Disaster Recovery Centers (DRCs) in Logan, Mercer, McDowell, Mingo, and Wyoming Counties

    At a Disaster Recovery Center, you can get help applying for federal assistance, update your application, and learn about other resources available

    Logan County Disaster Recovery CenterMercer County Disaster Recovery CenterSouthern WV Community & Technical College100 College DriveLogan, WV 25601Hours of operation:Monday to Friday: 9 a

    m

    – 6 p

    m

     Saturdays: 9 a

    m

    – 3 p

    m

    Closed Sundays  Lifeline Princeton Church of God250 Oakvale Road Princeton, WV 24740Hours of operation:Monday to Friday: 9 a

    m

    – 5 p

    m

    Saturdays: 10 a

    m

    – 2 p

    m

    Closed Sundays Closed April 26 McDowell County (Welch) Disaster Recovery Center McDowell County Disaster (Bradshaw) Recovery Center   Board of Education Office900 Mount View High School RoadWelch, WV 24801Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturday March 29: 9 a

    m

    to 1 p

    m

    , weather dependentClosed on Sundays Bradshaw Town Hall10002 Marshall HwyBradshaw, WV 24817Hours of operation:Monday to Saturday: 8 a

    m

    to 6 p

    m

    Closed SundaysMingo County Disaster Recovery CenterWyoming County Disaster Recovery CenterWilliamson Campus1601 Armory DriveWilliamson, WV 25661 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturdays: 9 a

    m

    to 3 p

    m

    Closed on SundaysWyoming Court House24 Main AvePineville, WV 24874 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturdays: 9 a

    m

    to 3 p

    m

    Closed on Sundays DRCs are open to all, including survivors with mobility issues, impaired vision, and those who are who are Deaf or Hard of Hearing

    In addition to applying for FEMA assistance, renters can also apply for a U

    S

    Small Business Administration disaster loan

    Residents can apply online at sba

    gov/disaster, call SBA’s Customer Service Center at (800) 659-2955, or email disastercustomerservice@sba

    gov for more information on SBA disaster assistance

    Those who are deaf, hard of hearing or have a speech disability should dial 7-1-1 to access telecommunications relay service

    For more information on West Virginia’s disaster recovery, visit emd

    wv

    gov, West Virginia Emergency Management Division Facebook page, www

    fema

    gov/disaster/4861 and www

    facebook

    com/FEMA

    ###FEMA’s mission is helping people before, during and after disasters

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    Also, follow on X FEMA_Cam

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    kimberly

    fuller
    Mon, 03/24/2025 – 21:30

    MIL OSI USA News

  • MIL-OSI USA: Damaged Vehicle Assistance Available for Kentuckians Impacted by February Storms and Flooding

    Source: US Federal Emergency Management Agency

    Headline: Damaged Vehicle Assistance Available for Kentuckians Impacted by February Storms and Flooding

    Damaged Vehicle Assistance Available for Kentuckians Impacted by February Storms and Flooding

    FRANKFORT, Ky

    –FEMA may be able to provide financial assistance to help those whose vehicles were damaged due to the severe storms, straight-line winds, flooding, landslides and mudslides that occurred February 14 – March 7

    The first step is for survivors to file a claim with their insurance company if they have a comprehensive policy

    This type of policy usually covers storm-related damage to a vehicle

    Federal disaster assistance may help fill the gaps for those whose coverage does not pay for any or all storm-related damage costs

    Apply with FEMA even if you have insurance

    FEMA cannot duplicate insurance payments, but underinsured applicants may receive help after their claims have been settled

    To be eligible for FEMA assistance, applicants must meet the following conditions:The vehicle was damaged during the February 14 – March 7 storms within the disaster-designated area

    The applicant can provide proof of ownership of the vehicle with valid registration and title

    The vehicle was in compliance with the commonwealth of Kentucky’s registration and insurance requirements at the time of the disaster

    The applicant has no other usable vehicle

    Applicants with more than one storm-damaged vehicle, must write a statement explaining why the household needs more than one working vehicle

    The statement should include the number of vehicles and an insurance settlement or statement for each vehicle

    How to Apply for FEMA Individual Assistance Visit a FEMA Disaster Recovery Center

    To find your nearest Disaster Recovery Center, visit fema

    gov/drc

    Call FEMA at 800-621-3362

    Multilingual operators are available

    If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA your number for that service

    Apply at DisasterAssistance

    gov

    Download and use the FEMA app

    Homeowners, renters, businesses, and nonprofit organizations can apply for long-term, low-interest disaster loans from the U

    S

    Small Business Administration (SBA) to cover losses not fully compensated by insurance and other sources

    Apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at sba

    gov/disaster

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Mon, 03/24/2025 – 20:53

    MIL OSI USA News

  • MIL-OSI USA: NEWS RELEASE: HAWAIʻI STATE COMMISSION ON FATHERHOOD ANNOUNCES 2025 AWARDS AND SPONSORSHIP OPPORTUNITIES

    Source: US State of Hawaii

    NEWS RELEASE: HAWAIʻI STATE COMMISSION ON FATHERHOOD ANNOUNCES 2025 AWARDS AND SPONSORSHIP OPPORTUNITIES

    Posted on Mar 24, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

    DEPARTMENT OF HUMAN SERVICES

    KA ʻOIHANA MĀLAMA LAWELAWE KANAKA

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

    RYAN I. YAMANE

    DIRECTOR

    KA LUNA HOʻOKELE

    JOSEPH CAMPOS II

    DEPUTY DIRECTOR

    KA HOPE LUNA HOʻOKELE

    TRISTA SPEER

    DEPUTY DIRECTOR

    KA HOPE LUNA HOʻOKELE

     

    HAWAIʻI STATE COMMISSION ON FATHERHOOD ANNOUNCES

    2025 AWARDS AND SPONSORSHIP OPPORTUNITIES

     

     

    FOR IMMEDIATE RELEASE
    March 24, 2025

    HONOLULU – The Hawai‘i State Commission on Fatherhood (HS-COF) is pleased to announce its 2025 awards and sponsorship opportunities, which recognize and support fathers, businesses and nonprofit organizations dedicated to strengthening families and communities throughout the state. These awards serve to highlight the commission’s commitment to promoting healthy family relationships by underscoring the vital role fathers play in the lives of their children.

    Applications must be submitted no later than Friday, April 16, 2025.

    Aloha Father of the Year Award
    The Aloha Father of the Year Award celebrates outstanding fathers and father figures from various counties and districts who have prioritized their ‘ohana while balancing careers and community involvement. Fathers, as defined by this award, include any male caregivers who exemplify dedication and love for their families. Nominations are now open, and community members are encouraged to recognize inspiring fathers who make a difference.

    Parent-Friendly Business of the Year Award
    This award recognizes businesses that prioritize the well-being of employees and their families, demonstrating leadership in fostering a supportive work environment and community. Eligible businesses must:

    • Be in good standing and reputable in the state of Hawai‘i.
    • Have leadership and policies that emphasize positive and healthy role models.
    • Make significant contributions to the community or the state of Hawai‘i.
    • Commit to strengthening families through educational programs or family support initiatives.
    • Serve as ambassadors of aloha, fostering inclusivity and equity for all.

     

    Sponsorship Award – Up to $1,500 for Nonprofits
    The HS-COF is offering financial support to Hawai‘i-based nonprofit organizations that provide programs or services related to fathers. Organizations may apply for funds up to $1,500 to support Father’s Day events, fatherhood programs, or other community initiatives. Funds must be used for non-payroll expenses related to the event or program.

    Eligibility and Restrictions:

    • Organization must be registered as a 501(c)(3) nonprofit operating in the state of Hawai‘i.
    • Events, programs, or services must be conducted or offered in Hawai‘i.
    • Awarded funds must be used by October 30, 2025, with preference given to programs taking place by June 30, 2025.

    How to Apply:

    1. Complete and sign the application(s) below – by April 16, 2025.

    Aloha Father of the Year – click here

    Parent-Friendly Business of the Year – click here

    Sponsorship Award – click here 

    1. Submit applications via email to [email protected] or by mail to:
      Hawaiʻi State Commission on Fatherhood Chair / P.O. Box 339 / Honolulu, HI 96809-0339.
    2. If mailed, follow-up by email or call 808-550-0080 to confirm receipt.

    # # #

    For More Information:

    Chair, Jeff Esmond                                                             

    [email protected]                        

    https://humanservices.hawaii.gov/fatherhood/

    For Media Inquiries Only:

    Amanda Stevens, Public Information Officer

    Hawai‘i Department of Human Services

    [email protected]

    About the Commission on Fatherhood
    An increasing body of evidence indicates that children are more likely to thrive with the support, guidance and nurturing of both parents. Yet, many children across the country are growing up without fathers. As a result, they may lack appropriate male role models and face greater risks of health, emotional, educational, and behavioral problems during their developmental years. Motivated by a renewed understanding of a father’s vital role in family and community life, the 2003 Hawaiʻi State Legislature established the Commission on Fatherhood through Act 156; in June 2007, Hawaiʻi Act 190 made it permanent.

    NOTICE: This information and attachments are intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged and/or confidential. If the reader of this message is not the intended recipient, any dissemination, distribution or copying of this communication is strictly prohibited and may be punishable under state and federal law. If you have received this communication and/or attachments in error, please notify the sender via email immediately and destroy all electronic and paper copies.

    MIL OSI USA News

  • MIL-OSI USA: Governor Stein Signs Executive Order to Strengthen Workforce and Apprenticeships

    Source: US State of North Carolina

    Headline: Governor Stein Signs Executive Order to Strengthen Workforce and Apprenticeships

    Governor Stein Signs Executive Order to Strengthen Workforce and Apprenticeships
    lsaito

    Raleigh, NC

    Today, Governor Josh Stein announced an executive order to create a Council on Workforce and Apprenticeships, chaired by Secretary of Commerce Lee Lilley, State Senator Eddie Settle, and NC Community Colleges President Dr. Jeffrey Cox. He also met with students at Forsyth Tech Community College and toured the Transportation Technology Center. 

    “Our state’s greatest asset is our people, and to invest in our future, we must invest in our people. No state will outwork North Carolina when it comes to developing our workforce,” said Governor Josh Stein. “I am proud to sign this executive order and launch this council to keep delivering on the promise of North Carolina – that where you come from should never limit how far you can go.”

    “North Carolina’s workforce is the backbone of our thriving business climate,” said NC Department of Commerce Secretary Lee Lilley. “I look forward to working together to identify and amplify strategies that help North Carolina’s workers and businesses continue to thrive.”

    “There is a lot of good work being done around North Carolina’s main streets and towns, and they need skilled workers to reap the benefits of our growing economy,” said Senator Eddie Settle. “I am proud to co-chair this council so that we can find ways to strengthen North Carolina’s workforce and attract more employers to every corner of our state.”

    “I am proud to co-chair this Council to work alongside Governor Stein’s team, the NC General Assembly and businesses and industries across the state to ensure our NC Community College System continues to expand apprenticeship and other workforce credential programs to give every citizen in North Carolina the skills they need to get a well-paying job in our modern economy,” said North Carolina Community College System President Jeffrey Cox.

    Governor Stein believes that every North Carolinian should have a shot at success – finding a good-paying job or starting a small business – no matter their background. Last month, he visited Wake Tech Community College to tour its auto tech lab and proclaimed February as Career and Technical Education Month. In January, Governor Stein joined Surry-Yadkin Works and Altec Industries to launch the Fostering Learning through Education, Employment, and Trades (FLEET) Program. Governor Stein recently released his state budget proposal, which invests $256 million in workforce development and pays for free community college for students pursuing credentials in high-demand fields. 

    Mar 25, 2025

    MIL OSI USA News

  • MIL-OSI Russia: Financial news: On holding auctions on March 26, 2025 to place OFZ issues No. 26218RMFS and No. 26240RMFS

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

    We inform you that, based on the letter of the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Moscow Exchange PJSC, the order establishes the form, time, term and procedure for holding auctions for the placement and trading of the following federal loan bonds:

    1.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security Federal loan bonds with constant coupon income
    State registration number of the issue 26218RMFS from 23.10.2015
    Date of the auction March 26, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code CO26218RMFSB
    ISIN code RO000A0ZHVV48
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

    2.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26240RMFS from 06/28/2021
    Date of the auction March 26, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code CO26240RMFS0
    ISIN code RO000A103br0
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: 300th Anniversary of Bering’s Expedition (03/25/2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Three hundred years ago, Russian officer and navigator Vitus Bering set out on a scientific expedition. It was organized by order of Peter I to study the northeast of Russia and search for an isthmus or strait between Asia and America. To mark this event, on March 26, 2025, the Bank of Russia will issue a commemorative silver coin of 3 rubles “300th Anniversary of the Beginning of the First Kamchatka Expedition of V. Bering” from the “Historical Events” series (catalog No. 5111-0515).

    The silver coin with a face value of 3 rubles (pure precious metal weight – 31.1 g, alloy fineness – 925) has the shape of a circle with a diameter of 39.0 mm.

    There is a raised edge around the circumference of both the front and back sides of the coin.

    On the obverse of the coin there is a relief image of the State Emblem of the Russian Federation, there are inscriptions: “RUSSIAN FEDERATION”, “BANK OF RUSSIA”, the coin denomination “3 RUBLES”, the date “2025”, the designation of the metal according to the Periodic Table of Elements of D.I. Mendeleyev, the alloy fineness, the trademark of the St. Petersburg Mint and the mass of the precious metal in purity.

    The reverse side of the coin depicts the boat “Saint Gabriel” sailing on the waves, against the background of a map with the route of the Kamchatka expedition plotted on it, on the right there is a symbolic image of a wind rose; there are inscriptions: on the left in two lines – “BOAT ST. GAVRIIL”, at the bottom in a cartouche in four lines – “FIRST KAMCHATKA EXPEDITION OF V. BERING”, to the left and right of the cartouche are the dates “1725” and “1730”. The images of the boat, the territory of Russia, the crest of the wave and the wind rose, as well as the inscriptions and dates are made in relief. The images of the American territory, the route of the expedition and the waves are made using laser matting technology.

    The side surface of the coin is ribbed.

    The coin is made in proof quality.

    The mintage of the coin is 3.0 thousand pieces.

    The issued coin is a legal tender in the territory of the Russian Federation and must be accepted at face value for all types of payments without restrictions.

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/PR/? File = 638785165481061894KOins. CHTM

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Annual Inflation in the Regions Remained High in February

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Annual inflation increased in 66 regions, while in the rest it was the same as in January or decreased.

    The growth of prices for food products accelerated, while prices for services slowed down, while prices for non-food products remained unchanged.

    It will still take a long time to keep high rates in the economy to return inflation to 4% in 2026.

    For more information on inflation in each region, seeinformation and analytical materials, published on the website of the Bank of Russia.

    Preview photo: Vvoe / Shutterstock / Fotodom

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    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23484

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Lending Increased Slightly in February

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    The corporate portfolio grew by 0.1% over the month after a 1.2% contraction in January. The dynamics of lending were still held back by large budget expenditures: companies that received compensation for government contracts needed loans less.

    Mortgages increased by 0.2% after a seasonal contraction in January (-0.2%). The consumer loan portfolio continued to shrink (-0.9% after -0.3% in January) amid high interest rates and macroprudential restrictions.

    Household funds in banks grew by a significant 1.9% after a typical January decline (-0.8%). The growth was supported by the retention of attractive deposit rates. Company funds remained almost unchanged (0.1%) after a moderate inflow in January (0.5%).

    The sector’s profit fell by a quarter compared to January’s result, to 214 billion from 286 billion rubles, due to increased operating expenses and negative currency revaluation.

    Read more in the information and analytical material “On the development of the banking sector of the Russian Federation in February 2025”.

    Preview photo: Vladimir Smirnov / TASS

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    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 23485

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: NEW AGRICULTURAL TECHNOLOGIES AND SEED VARIETIES

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:07PM by PIB Delhi

    A total of 79 new high yielding varieties of seven major agricultural crops, 11 of fruits and 31 of vegetables were exhibited during Pusa Krishi Vigyan Mela held during February 22-24, 2025. Besides, technologies for 18 biofertizers and bioformulations, Soil Test Fertilizer Recommendation Meter, Zn-loaded nano clay polymer composite; SpeedySeed Viability KitTM; Polymer composite seed coating for bruchid management; ⁠Nanocellulose extracted from pummelo peel and rice husk; Pea pod powder for instant noodles; Overripe banana powder in snack puffs and Muffins functionalized with by-products were also displayed. Eight new agricultural implements were also demonstrated during the event.

    The details of main topics covered in the technical sessions and farmer-scientist interactions are as follows session-wise:

    Session 1 : Technologies for Climate Resilient Agriculture; Session 2  : Crop Diversification; Session 3 : Digital Agriculture; Session 4 : Agricultural Marketing and Export; Session 5 : FPO-Start up linkage; Session 6 : Entrepreneurship Development of Youth and Women and Session 7 : Innovative Farmers Meet.

    The farmers, entrepreneurs, youth and women were sensitized and educated about the new varieties and technologies through guided tours to Live demonstrations of the salient varieties and technologies developed by ICAR-IARI; exhibitions on salient technologies, products and services of ICAR-IARI as well as ICAR Institutes, Agricultural Universities, KVKs, FPOs, entrepreneurs, start-ups, public and private companies; and farmers-scientists’ interactions were held in technical sessions of Unnat Krishi – Viksit Bharat theme.

    • 245 stalls of ICAR institutes, agricultural Universities, public and private institutes, farm entrepreneurs were showcased.

    • Over 1800 quintals of seeds of various crops like paddy, moong, pigeon-pea, pearl millet, and vegetables were provided to the farmers at a very reasonable rate. On-Spot advisories were provided to the farmers and other stakeholders.

    • Extension literatures on technologies were also distributed among all stakeholders

    Some of the major announcements during the event include supervision of “Krishi Chaupal – Vigyan se Kisan Tak” and engagement of the IARI awardee/ Innovative farmers etc. in dissemination of technol

    This information was given by Minister of State for Agriculture and Farmer’s Welfare, Shri Shri Bhagirath Choudhary in a written reply in Lok Sabha today.

    ******

     MG/KSR/RN

    (Release ID: 2114897) Visitor Counter : 75

    MIL OSI Asia Pacific News

  • MIL-OSI: Federal Home Loan Banks Report Strong Financial Performance in 2024

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, March 25, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Banks (FHLBanks) today published their Combined Financial Report for 2024 (CFR), reporting strong System financial performance across several metrics. According to the CFR, the FHLBanks had $740.9 billion in principal of advances, $68.7 billion in principal of mortgage loans held for portfolio, and $219.9 billion in notional standby letters of credit outstanding at the end of 2024 to thousands of financial institution members in communities large and small across the United States. Fueled entirely by private capital, the FHLBanks empower local lenders to open doors to homeownership, support businesses, and facilitate community development.

    The CFR also indicates that the FHLBanks committed a record $1.2 billion in combined statutory and voluntary contributions to the Affordable Housing Program (AHP) and other voluntary programs in 2024. AHP funding and funding for voluntary initiatives is a direct outgrowth of the FHLBank’s fulfilment of their primary liquidity mission.

    Ryan Donovan, President and CEO of the Council of Federal Home Loan Banks, the public voice of the 11 FHLBanks, acknowledged the strong financial and operational results in 2024 and reinforced the connection between the FHLBanks’ liquidity mission and support for affordable housing and community development.

    “The FHLBanks are an integral part of the nation’s financial ecosystem and the liquidity they provide transforms private capital into real world housing and community impact,” said Donovan. “We are extremely proud of the $1.2 billion of funding the FHLBanks committed to affordable housing and community development in 2024. What the FHLBanks do every day matters a great deal for homeowners, for local businesses, for affordable housing, and for communities of all shapes and sizes. More than 90 percent of FHLBank members are community-based lenders and by continually fulfilling their liquidity mission and leveraging the strong relationships they have with their members and other local stakeholders, the FHLBanks are making meaningfully positive impact on housing affordability, housing supply, and community development in communities across the country.”

    As part of their mission to provide liquidity and support affordable housing and community development, each FHLBank is required by law to contribute a minimum of 10 percent of income to its Affordable Housing Program. In recognition of the critical need for additional funds to support a range of affordable housing and community development programs, in 2023 the FHLBanks began making contributions representing an additional five percent of their earnings to their individual voluntary affordable housing and community investment initiatives. In total, the FHLBanks contributed more than 15 percent of their net earnings to support affordable housing and community development related initiatives.

    FHLBank funding for affordable housing and community development is made available only through FHLBank member financial institutions, and programs are specifically targeted to meet needs within each FHLBank district. Funding ranges from several thousand dollars to help individuals afford a down payment on a home to more than one million dollars to support developers of affordable housing projects. Funding also supports small businesses, local schools, homeless shelters, local libraries and historical societies, and various other entities, providing a fundamental safety net to communities across the country.

    About: The FHLBanks are 11 regionally based, wholesale suppliers of lendable funds to financial institutions of all sizes and many types, including community banks, credit unions, commercial and savings banks, insurance companies, and community development financial institutions. The FHLBanks are cooperatively owned by member financial institutions in all 50 states and U.S. territories. The steady supply of lendable funds from FHLBanks helps U.S. lenders invest in local needs including housing, jobs, and economic growth. The Council of FHLBanks represents all 11 FHLBanks.

    CONTACT INFORMATION
    Council of FHLBanks
    Peter E. Garuccio
    202-955-0002 ext. 14
    pgaruccio@cfhlb.org

    The MIL Network

  • MIL-OSI: Capital Southwest Receives Affirmed Investment Grade Rating from Moody’s Investors Service

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, March 25, 2025 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest,” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that Moody’s Investors Service, Inc. (“Moody’s”) has affirmed Capital Southwest’s investment grade long-term issuer rating of Baa3 with a stable outlook. Factors cited by Moody’s in support of its rating include Capital Southwest’s strong capitalization and diverse funding profile, first-lien oriented investment portfolio, recurring earnings generation, and internally managed structure.

    About Capital Southwest

    Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.7 billion in investments at fair value as of December 31, 2024. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

    Forward-Looking Statements

    This press release contains historical information and forward-looking statements with respect to the business and investments of Capital Southwest, including, but not limited to, the statements about Capital Southwest’s future performance and financial performance and financial condition. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on our business and our portfolio companies; regulatory changes; tax treatment; an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests.

    Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest’s Annual Report on Form 10-K for the year ended March 31, 2024 and any subsequent filings with the SEC, including the “Risk Factors” sections therein, for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

    Investor Relations Contact:

    Michael S. Sarner, President and Chief Executive Officer
    214-884-3829

    The MIL Network

  • MIL-Evening Report: Podcasting was once a rebel medium for diverse voices. Now it’s slowly being consumed by big media

    Source: The Conversation (Au and NZ) – By Corey Martin, Lecturer/Podcast Producer, Swinburne University of Technology

    Shutterstock

    Podcasting was once the underdog of the media world: a platform where anyone with a microphone and an idea could share their voice.

    With low barriers to entry and freedom from institutional gatekeeping, it promised to amplify marginalised voices and allow underrepresented groups to tell their own stories, on their own terms.

    Today, however, this promise seems increasingly strained as corporate interests tighten their grip on the industry. As money flows in, the podcasting space is beginning to resemble the rest of the digital media world – driven by advertising revenues and political polarisation.

    The promise of podcasting

    Six years ago, audio scholars Martin Spinelli and Lance Dann described podcasting as a “revolutionary” medium for its ability to inspire empathy through innovative forms of audio.

    Podcasting was heralded as a format that broke through the barriers of traditional media by offering new ways to engage with underrepresented voices and ideas. Media and cultural studies pointed to the direct-to-ear delivery – free from the biases of visual culture – as a uniquely intimate way to consume content.

    Globally, the industry boomed as a result of pandemic lockdowns, with the number of podcasts on Spotify skyrocketing from 450,000 in 2019, to 1.5 million in 2020.

    Listenership has also surged in Australia. According to a 2024 report by Edison Research, we’ve seen a 20% increase in listenership from 2022 to 2024 – with 48% of the those aged 12 and above having listened to a podcast within the past month.

    From open space to rat race

    In his 2024 book Podcasting in a Platform Age, podcast researcher John Sullivan warns the podcasting space is being increasingly dominated by a handful of powerful media companies that dictate what and who gets visibility.

    Larger podcasts with higher production budgets, celebrity hosts and backing from major networks are attracting larger audiences, with independent creators struggling to get a foot in the door.

    At the time of writing, of the top 50 most popular podcasts in Australia, more than half (52%) come from overseas, and primarily the United States.

    Of the 24 Australian-made podcasts on the list, 80% are backed by a media organisation, with most (64%) connected to major networks such as LiSTNR, which is owned by Southern Cross Austereo. Only 12% of the Australian podcasts on the list come from truly independent creators without any corporate funding or major production support.

    Why does it matter that large-network ownership is on the rise? To understand this, it helps to first understand how ads keep podcast networks in business – and how this can impact content decisions.

    Deepening ideological divides

    Advertisers follow the crowds. In a podcasting context, this means they’re more likely to funnel their dollars into large networks, further bolstering their resources.

    At the same time, networks want to drive as many ears to their ad sponsors as possible. To do this, they focus on producing content they know will get the most engagement.

    The result is a vicious cycle in which attention and advertising power feed each other, making it even harder for independent voices to break through. Over time, this feedback loop can lead to less content diversity and more polarisation.

    According to Spotify’s 2024 Wrapped, American podcaster Joe Rogan took out the top podcast spot for the fifth year in a row globally.
    Shutterstock

    It’s here that we’re seeing an increase of politicians using podcasts to push their views and cultivate ideological loyalty.

    In the lead-up to the 2024 US election, Kamala Harris appeared on Call Her Daddy (the second most popular Spotify podcast in 2024), while Donald Trump was on The Joe Rogan Experience (the most popular). Both interviews were later fact-checked and found to contain false or misleading claims.

    Trump’s interview in particular was flagged by CNN for having 32 false claims. Nonetheless, analysts and researchers pointed to it as a driver behind his success with young male voters.

    The political podcasting trend is also playing out in Australia ahead of the next federal election.

    Late last year, Opposition Leader Peter Dutton appeared on the podcast Diving Deep With Sam Fricker. This was followed by an appearance on Straight Talk, hosted by businessman Mark Bouris, in January.

    More recently, Prime Minister Anthony Albanese and Greens leader Adam Bandt separately appeared on It’s A Lot with Abbie Chatfield.




    Read more:
    Misinformation is rife and causing deeper polarisation – here’s how social media users can help curb it


    Diversity in the podcasting space

    According to 2022 Pew Research Centre data, 55% of Americans said their major reason for listening to podcasts was “to learn”, while 29% said they wanted to stay up-to-date with current affairs. But information-hungry listeners may be getting shortchanged, as podcasts are less likely to be fact-checked against the same editorial standards that govern traditional media.

    As platform researcher Michael Bossetta notes, although large platforms such as Spotify have the potential to create a more informed world, they
    are more likely to push content that keeps users hooked (that is, content they already enjoy and/or agree with).

    Recommender algorithms also have a role to play. One 2020 study found that while Spotify’s personalised suggestions increased user engagement by 28.90%, they also reduced the individual-level diversity of podcast streams by 11.51%.

    But platforms do have the power to do better. They could, for instance, use their algorithms to prioritise content diversity. This would help ease the “engagement-diversity trade-off”, in which personalisation increases engagement, but limits the diversity of content consumed by an individual.

    That said, it’s unlikely platforms will voluntarily change the way they operate. If meaningful reforms are to happen, they will more likely have to come from government regulations or through independent governing bodies.

    In the meantime, listeners aren’t powerless. While we can’t stop algorithms from pushing certain content to the top of our feeds, we can disrupt them by actively seeking out independent voices and diverse stories.

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

    ref. Podcasting was once a rebel medium for diverse voices. Now it’s slowly being consumed by big media – https://theconversation.com/podcasting-was-once-a-rebel-medium-for-diverse-voices-now-its-slowly-being-consumed-by-big-media-252169

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: The collapse of Hudson’s Bay signals a turning point for Canadian legacy retailers

    Source: The Conversation – Canada – By Xiaodan Pan, Associate Professor, John Molson School of Business, Concordia University

    Hudson’s Bay Company has begun liquidating all but six of its stores. After the 352-year-old retailer filed for creditor protection amid mounting debt and operational losses in early March, a court gave it permission to start the liquidation process.

    Founded in 1670 as a fur-trading enterprise, Hudson’s Bay grew into one of Canada’s most iconic department store chains. But with nearly all locations set to close by June 30 and its loyalty programs suspended, the future of Hudson’s Bay remains uncertain.

    The retailer’s financial troubles raise broader questions about the viability of traditional department stores in an increasingly fast-paced, digitally driven retail environment.




    Read more:
    Hudson’s Bay liquidation: What happens when a company goes bankrupt?


    Modernization efforts

    In recent years, Hudson’s Bay attempted to modernize by blending its physical retail footprint with a growing digital presence. This included launching a revamped e-commerce platform and creating an online marketplace that allowed third-party sellers to broaden its product assortment.

    In 2021, Hudson’s Bay split its e-commerce and physical store divisions into separate entities: The Bay Online, focused on digital retail, and Hudson’s Bay, dedicated to in-store shopping experiences.

    But despite these efforts, Hudson’s Bay has struggled to differentiate its online platform in an overcrowded and highly competitive digital landscape, all while maintaining its physical presence.

    The rise of off-price retailers

    In sharp contrast to the struggles of legacy department stores, off-price retailers such as Winners, Marshalls and TJ Maxx continue to thrive. Their success is largely due to their ability to attract consumers across a wide range of income levels by offering brand-name merchandise at large discounts.

    In Canada, Winners alone has expanded to more than 300 stores nationwide, while Marshalls has added more than 100 locations. Combined, they significantly outnumber Hudson’s Bay’s approximately 80 stores.

    Off-price retailers have also gained a competitive edge through real estate choices, favouring open-air shopping centres and strip malls that provide greater accessibility and ample parking, which are benefits that many Hudson’s Bay urban locations lack.

    The off-price model thrives on an ever-changing merchandise mix. Buyers continuously source fashion, designer labels and home goods from a broad spectrum of vendors. This approach keeps assortments fresh and also ensures fast inventory turnover, reducing holding costs and supporting lower prices.

    This retail model has demonstrated resilience across economic cycles. In times of inflation or financial uncertainty, foot traffic to off-price stores typically increases as consumers become more price-sensitive — further eroding the market share of traditional department stores.

    The pressures from digital retailers

    The rapid rise of e-commerce has presented a significant challenge for traditional department stores. Over the past decade, online shopping in Canada has grown substantially, with monthly online retail sales surpassing three billion Canadian dollars.

    E-commerce now accounts for 11 to 12 per cent of total retail sales, with categories like fashion, hobby and leisure, electronics and furniture and home goods accounting for around 75 per cent of all retail e-commerce sales in Canada.

    In the general merchandise space, Amazon controls more than 40 per cent of Canada’s e-commerce market. Retail giants like Walmart and Costco have also expanded their digital capabilities. These players undercut the traditional value proposition of department stores.

    The large investments required in distribution capabilities has made it increasingly difficult for smaller competitors, such as Hudson’s Bay, to match the delivery speeds and product assortments of these retail heavyweights.

    In niche merchandise categories, specialized retailers have also chipped away at department stores’ customer bases. Sephora and Shoppers Drug Mart dominate the beauty and personal care market, while Lululemon, Nike and Zara rank among the top online stores in fashion.

    Ikea, Wayfair and other direct-to-consumer brands lead the online home goods and furniture market, while Canadian-based Holt Renfrew and France-based LVMH are both leaders in the luxury market.

    Adding to the challenge are international digital disruptors such as Shein and Temu, which have have rapidly gained ground in Canada. In 2023, Shein led the country’s online fashion segment with e-commerce net sales of approximately US$1.4 billion.

    Temu — an ultra-low-price platform that entered Canada in 2023 — became the country’s most-downloaded iPhone app by the end of 2024. These platforms are challenging legacy retailers by offering aggressive pricing, free shipping and vast product assortments.

    Pathways to reinvention

    With almost all of its stores closing and its loyalty programs suspended, the future of Hudson’s Bay is in question. While its brand recognition remains strong, it’s unclear whether it will be able to come back from the brink it’s now on.

    For any struggling legacy retailer looking to survive in today’s evolving market, reinvention is essential. Department stores and legacy retailers will need to reinvent themselves across five key dimensions:

    1. Reposition the brand: Canadian retailers can redefine their core value propositions, emphasizing what makes them unique. Their uniqueness may lie in their Canadian heritage, for instance. Brands like Roots and Canada Goose have been successful with this strategy.

    2. Rethink retail formats: The age of downtown retailing continues to fade, especially as remote work reduces foot traffic in urban centres. Large-scale covered malls are also declining, given the demise of anchor department store retailers and the rise of e-commerce. Canadian retailers should explore alternate formats, such as neighbourhood-based, category-specific outlets tailored to community preferences.

    3. Optimize physical presence: Strategic location decisions are crucial. Physical retailers must right-size their physical footprints — closing underperforming locations while reinvesting in high-traffic, high-return outlets. Future expansion should favour asset-light, data-informed models based on actual consumer demand.

    4. Improve in-store experiences: To draw customers back into stores, shopping must become experiential. Immersive displays, personalized service and community-centric events could make a visit to a physical store more memorable and engaging for customers.

    5. Integrating physical and digital channels: A cohesive digital and physical strategy is essential. Technologies such as augmented reality fitting rooms, virtual showrooms, click-and-collect options and AI-powered personalization could bridge the gap between online and in-store shopping.

    A defining moment for Canadian retailers

    Canadian retailing stands at a pivotal crossroads. The collapse of legacy department stores, the dominance of e-commerce giants and the rise of off-price and digital-first competitors all signal a permanent shift in how consumers shop.

    A long legacy alone does not secure survival. As seen with the collapses of Sears, Eaton’s and now Hudson’s Bay, failure to adapt can lead to obsolescence. The retail landscape is now defined by agility, innovation and the ability to meet consumers where they are.

    For retailers still standing, the lesson is clear: nostalgia is not a business model. Shoppers are now more price-conscious, convenience-driven and digitally engaged than ever before. Companies unwilling or unable to evolve will likely face the same fate as the retail giants that came before them.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. The collapse of Hudson’s Bay signals a turning point for Canadian legacy retailers – https://theconversation.com/the-collapse-of-hudsons-bay-signals-a-turning-point-for-canadian-legacy-retailers-252705

    MIL OSI – Global Reports

  • MIL-OSI Video: GRAND OPENING of the National Medal of Honor Museum

    Source: United States Department of Defense (video statements)

    —————
    This #MedalofHonorDay, we honor all #MedalofHonor recipients as the National Medal of Honor Museum opens in Arlington, Texas. We got a sneak peek at the artifacts and interactive displays showcased at the museum that shares stories of our most decorated heroes. We are forever grateful for their courage and sacrifice.

    https://www.defense.gov/News/Feature-Stories/Story/Article/4127550/rare-collection-new-medal-of-honor-museum-brings-tales-of-heroism-to-life/

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=bD1RZjzASso

    MIL OSI Video

  • MIL-OSI Video: UN Chief urges to combat racial discrimination and hate | United Nations

    Source: United Nations (Video News)

    Remarks by António Guterres, Secretary-General of the United Nations, o the General Assembly to mark the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade.

    The transatlantic slave trade is an indelible stain on the conscience of humanity.

    For more than four centuries, enslaved Africans were kidnapped and trafficked; dehumanized, abused and exploited.

    The depth and scale of the cruelty, inhumanity, and depravity of this practice is incomprehensible.

    So, too, is the suffering, fear, pain and misery endured by those millions of people exploited for profit.

    Today, we reflect on families ripped apart and communities decimated.

    We remember the women, children, and men forced to work in agonizing conditions, savagely punished, and deprived of their dignity and human rights.

    And we take strength in their resistance and demands for justice:

    From revolution in Haiti, to the underground railroad in the United States, to countless individual acts of courage and defiance.

    I deeply regret that several countries – including my own – were engaged in this immoral trade…

    A trade driven by greed and built on lies – particularly the lie of white supremacy…

    A trade enabled by insurers, bankers, shipping companies, legal systems and more…

    That saw individuals, institutions and corporations amass unimaginable wealth on the back of human suffering.

    When slavery was officially abolished, it was not the enslaved who were compensated, but the enslavers – receiving reparations equivalent to billions of dollars in today’s money.

    In an even crueler twist, some slaves were forced to pay compensation.

    Haiti had to fund payouts to those who had profited from its suffering – all in the name of securing its independence.

    Dear Friends,

    Today is not only a day of remembrance.

    It is also a day to reflect on the enduring legacies of slavery and colonialism and to strengthen our resolve to combat those evils today.

    The obscene profits derived from chattel slavery and the racist ideologies that underpinned the trade are still with us.

    Systemic racism has been embedded into institutions, cultures, and social systems.

    And deeply rooted exclusion, racial discrimination and violence continue to undermine the ability of many people of African descent to thrive and achieve their full potential.

    For too long, the crimes of the transatlantic slave trade – and their ongoing impact – have remained unacknowledged, unspoken, and unaddressed:

    Links to slavery were buried…

    Histories were rewritten, minimized or overlooked…

    Ongoing harms were excused or dismissed…

    And perpetrators seemed to hope their actions would be lost to the past.

    Dear Friends,

    They were wrong.

    Thanks to the tireless work of affected leaders and communities, calls to acknowledge and repair the past can no longer be ignored.

    This year, at both the African Union Summit and the Caribbean Community Heads of Government Meeting, I heard leader after leader make a powerful case for reparatory justice.

    Some institutions and states are taking steps to acknowledge and address their pasts…

    Museums and public spaces are commemorating the resistance of people of African descent, and celebrating their vast contribution to societies.

    This is a start.

    But we need much more.

    The horrors of the transatlantic slave trade are an undeniable fact.

    Acknowledging this truth is not only necessary – it is vital for addressing past wrongs, healing the present, and building a future of dignity and justice for all.

    It is also important that reparatory justice frameworks are grounded in international human rights law….

    Developed with the participation of affected communities…

    And acknowledge the terrible harms caused.

    I urge everyone to play their part in building inclusive societies free from the evils of racism:

    That means countries complying with their international obligations – including the Universal Declaration of Human Rights…

    Implementing the International Convention on the Elimination of All Forms of Racial Discrimination…

    And becoming Parties to the Convention if they are not already.

    It means business leaders promoting equality and combatting racism.

    And it means civil society, and everyday people continuing to push for justice, and taking a stand against racism wherever and whenever it appears.

    Excellencies,

    This mission is at the heart of the United Nations.

    The human dignity of every person is our founding creed.

    We must stand with everyone, everywhere to combat racial discrimination and hate, and to defend the human rights and dignity of all.

    Thank you.

    https://www.youtube.com/watch?v=OSFSTQyWWHY

    MIL OSI Video

  • MIL-OSI USA: Modernizing Payments To and From America’s Bank Account

    US Senate News:

    Source: The White House
    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
    Section 1.  Purpose.  The continued use of paper-based payments by the Federal Government, including checks and money orders, flowing into and out of the United States General Fund, which might be thought of as America’s bank account, imposes unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies.  Mail theft complaints have increased substantially since the COVID-19 pandemic.  Historically, Department of the Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer (EFT).  Maintaining the physical infrastructure and specialized technology for digitizing paper records cost the American taxpayer over $657 million in Fiscal Year 2024 alone.
    This order promotes operational efficiency by mandating the transition to electronic payments for all Federal disbursements and receipts by digitizing payments to the extent permissible under applicable law (but not, for avoidance of doubt, to establish a Central Bank Digital Currency).  
    Sec. 2.  Policy.  It is the policy of the United States to defend against financial fraud and improper payments, increase efficiency, reduce costs, and enhance the security of Federal payments.
    Sec. 3.  Phase Out of Paper Check Disbursements and Receipts.  (a)  Effective September 30, 2025, and to the extent permitted by law, the Secretary of the Treasury shall cease issuing paper checks for all Federal disbursements inclusive of intragovernmental payments, benefits payments, vendor payments, and tax refunds, except as specified in section 4 of this order.
    (b)  All executive departments and agencies (agencies) shall comply with this directive by transitioning to EFT methods, including direct deposit, prepaid card accounts, and other digital payment options, and take all steps necessary to enroll recipients in EFT payments, except as specified in section 4 of this order.
    (c)  As soon as practicable, and to the extent permitted by law, all payments made to the Federal Government shall be processed electronically, except as specified in section 4 of this order.
    (d)  The Secretary of State, the Secretary of the Treasury, the Secretary of Health and Human Services, the Secretary of Education, the Secretary of Veterans Affairs, and the Secretary of Homeland Security shall take appropriate action to eliminate the need for the Department of the Treasury’s physical lockbox services and expedite requirements to receive the payment of Federal receipts, including fees, fines, loans, and taxes, through electronic means except as specified in section 4 of this order.
    (e)  The Secretary of the Treasury shall support agencies’ transition to digital payment methods, including by providing access through the Department of the Treasury’s centralized payment systems to:
    (i)    direct deposits;
    (ii)   debit and credit card payments;
    (iii)  digital wallets and real-time payment systems; and
    (iv)   other modern electronic payment options.
    Sec. 4.  Exceptions and Accommodations for the Phase Out of Paper Check Disbursements and Receipts.  (a)  The Secretary of the Treasury, shall review and, as appropriate, revise procedures for granting limited exceptions where electronic payment and collection methods are not feasible, including exceptions for:
    (i)    individuals who do not have access to banking services or electronic payment systems;
    (ii)   certain emergency payments where electronic disbursement would cause undue hardship, as contemplated in 31 C.F.R. Part 208;
    (iii)  national security- or law enforcement-related activities where non-EFT transactions are necessary or desirable; and
    (iv)   other circumstances as determined by the Secretary of the Treasury, as reflected in regulations or other guidance.
    (b)  Individuals or entities qualifying for an exception under this section or other applicable law shall be provided alternative payment options.
    Sec. 5.  Implementation and Compliance of Electronic Transactions.  (a)  The Secretary of the Treasury, in coordination with the heads of agencies, shall develop and implement a comprehensive public awareness campaign to inform Federal payment recipients of the transition to electronic payments, including guidance on accessing and setting up digital payment options.
    (b)  Agencies shall coordinate with the Department of the Treasury to facilitate a smooth transition to digital payments, ensuring that affected individuals and entities receive adequate support.
    (c)  The Secretary of the Treasury shall work with financial institutions, consumer groups, and other stakeholders to address financial access for unbanked and underbanked populations.
    (d)  The Secretary of the Treasury and the heads of agencies shall take all necessary steps to protect classified information and systems, as well as personally identifiable information and tax return information, through the implementation of this order.
    Sec. 6.  Reporting Requirements.  (a)  The heads of agencies shall submit a compliance plan to the Director of the Office of Management and Budget within 90 days of the date of this order detailing their strategy for eliminating paper-based transactions.
    (b)  The Secretary of the Treasury shall submit an implementation report to the President through the Assistant to the President for Economic Policy within 180 days of the date of this order detailing progress on the matters set forth in this order.
    Sec. 7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department or agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    DONALD J. TRUMP
    THE WHITE HOUSE,    March 25, 2025.

    MIL OSI USA News

  • MIL-OSI USA: Protecting America’s Bank Account Against Fraud, Waste, and Abuse

    US Senate News:

    Source: The White House
    class=”has-text-align-left”> By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
    Section 1. Purpose.  Promoting financial integrity and operational efficiency are critical responsibilities of the Federal Government.  The Federal Government processes trillions of dollars annually in disbursements to individuals, businesses, and organizations, and in receipts from taxes, fees, and other payments to finance daily and long-term Government operations.  These transactions flow into and out of the United States General Fund (General Fund), which might be thought of as America’s bank account.  In Fiscal Year 2024, $33.9 trillion flowed into the General Fund and $33.6 trillion flowed out of the account, including $5.87 trillion (less net interest) in benefits, grants, loans, vendor payments, and other disbursements. 
    The Department of the Treasury is the largest financial payment manager of the Federal Government and is responsible for safeguarding the General Fund, but lacks sufficient controls to track transactions flowing through the General Fund to determine if they were proper.  To enforce sufficient controls and ensure accountability to American taxpayers, the Department of the Treasury requires financial information from executive departments and agencies (agencies) beyond what they currently provide.
    Financial fraud threatens the integrity of Federal programs and undermines trust in Government.  Agencies’ past underinvestment in technology and longstanding challenges with access to accurate data has prevented them from more fully safeguarding taxpayer dollars against fraud and improper payments.  The Government Accountability Office estimates that the Federal Government loses between $233 and $521 billion annually to fraud.
    In addition to being an efficient steward of taxpayer funds, the Federal Government, on behalf of the American public, must seek to ensure that financial information is accurate and that there is transparency with respect to how taxpayer dollars are being used.  Today, Federal funds are disbursed both by the Department of the Treasury and various Federal Government entities that are authorized to issue their own disbursements known as Non-Treasury Disbursing Offices (NTDOs).  In Fiscal Year 2024, NTDOs were estimated to be responsible for 181 million payments totaling over $1.5 trillion (approximately 22 percent of all Federal Government dollars disbursed). This fragmentation of disbursing authority, together with the proliferation of non-standard financial management systems across the Federal Government, leads to expensive, disjointed, and duplicative financial reporting, lack of financial traceability, complicated financial management, opacity, increased operational risks, and decreased ability of the Department of the Treasury to provide centralized oversight.
    This order promotes financial integrity by enabling the Department of the Treasury to more easily conduct improper payment and fraud prevention screening prior to disbursing funds on behalf of agencies.  This order increases transparency and accountability by requiring agencies to provide the Department of the Treasury with the information needed to track transactions through the General Fund in greater detail.  This order also promotes operational efficiency by returning disbursing functions to the Department of the Treasury when possible and consolidating and standardizing core Federal financial systems.
    Sec. 2.  Policy.  It is the policy of the United States to defend against financial fraud and improper payments, increase transparency and accountability around the Federal Government’s operations and financial condition, increase efficiency, reduce costs, and enhance the security of Federal payments.
    Sec. 3.  Treasury Verification of Agency Payments Information.  (a)  The Secretary of the Treasury, in consultation with the Director of the Office of Management and Budget (OMB Director), shall update guidance and enhance systems to ensure that all payments made by the Department of the Treasury on behalf of agencies pursuant to the Secretary of the Treasury’s disbursing authority, including 31 U.S.C. 3321, are subject to pre-certification verification processes established by the Secretary of the Treasury and conducted by agencies and the Department of the Treasury for the purposes of defending against financial fraud and improper payments, to the greatest extent permitted by law.  Such guidance shall set forth guidelines for compliance with the Do Not Pay Working System as described in 31 U.S.C. 3351 et seq., and such other payment, account, and payee validation programs and services that the Secretary of the Treasury and the OMB Director determine to be beneficial for reducing financial fraud and improper payments.
    (b)  In accordance with 31 U.S.C. 3354, the heads of all agencies shall cooperate with the Secretary of the Treasury to fulfill their obligations to determine payment or award eligibility through pre-certification and pre-award procedures, as determined by the Secretary of the Treasury, including pursuant to subsection (a) of this section and section 4 of this order to prevent fraud and improper payments.
    (c)  The Secretary of the Treasury is directed to minimize administrative barriers to accessing and using data to prevent fraud and improper payments by exercising the authority in 31 U.S.C. 3351 et seq. to waive the requirements of 5 U.S.C. 552a(o), in consultation with the OMB Director, in any case or class of cases for computer matching activities, to the extent permissible by law.
    (d)  Within 90 days of the date of this order, agency heads shall review and modify, as applicable, their relevant system of records notices under the Privacy Act of 1974 to include a “routine use” that allows for the disclosure of records to the Department of the Treasury for the purposes of identifying, preventing, or recouping fraud and improper payments, to the extent permissible by law. 
    (e)  The Secretary of the Treasury, in consultation with the OMB Director, shall issue guidance to agency heads on the circumstances in which agency heads, to the extent permissible by law, may provide the Secretary of the Treasury with access to data necessary for the purposes of detecting and preventing fraud and improper payments, as well as data for payment information verification (and not, for example, data such as health records).
    Sec. 4.  Implementation and Compliance of Payment Verification.  (a)  Agency heads, through designated agency officials (Certifying Officers or COs), who are responsible for verifying that disbursements made by the Federal Government are legal, proper, and correct, and for performing the duties in 31 U.S.C. 3528, shall comply with the disbursement requirements and instructions, including pre-certification requirements, published by the Secretary of the Treasury.
    (b)  The Secretary of the Treasury shall consider, as appropriate, issuing instructions to agencies to enforce the following pre-certification criteria for disbursement requests submitted by COs (Vouchers) before they are certified for payment by the CO:
    (i)     Funds are available at the time the obligation is incurred.  If an obligation is incurred when funds are not available, then the CO shall not certify the payment.
    (ii)    The amount of the payment and the name of the payee on the Voucher are correct, in conformance with the Department of the Treasury’s prescribed standard format.
    (iii)   A proper Social Security Number, Taxpayer Identification Number, Employer Identification Number, Individual Taxpayer Identification Number, or Payee ID Number is provided for each payee on the Voucher, as applicable.
    (iv)    The appropriation or fund from which the payment will be made is available for the purpose set forth in the Voucher and indicated with the appropriate Treasury Account Symbol/Business Event Type Code.
    (v)     Payees are not deceased individuals, to the greatest extent permitted by law.
    (vi)    The account number provided on the Voucher is held at a financial institution and is open, valid, and belongs to the payee or valid designee of payee.
    (vii)   Contracts or agreements are referenced on the Voucher by providing the contract number, referred to as the Procurement Instrument Identifier, where applicable.
    (viii)  Financial assistance awards (non-aggregate) are referenced on the Voucher by providing the award number, referred to as the Federal Award Identification Number, where applicable.
    (ix)    For summary schedules, the payments on the Voucher are submitted in conformance with the Department of the Treasury prescribed standard formats for such schedules.
    (c)  Agency heads shall submit payment files other than with respect to same-day payments to the Secretary of the Treasury or the Secretary’s designee with sufficient lead time prior to the date of disbursement as determined by the Department of the Treasury and provided in the requirements and instructions issued pursuant to subsections (a) and (b) of this section, to allow for fraud and improper payment screening, to the extent permissible by law.  With respect to same-day payments, agency heads shall submit payment files to the Secretary of the Treasury or the Secretary’s designee as much in advance as reasonably practicable.
    (d)  In issuing requirements and instructions pursuant to subsection (a) of this section, the Secretary of the Treasury shall consider whether it would be appropriate to provide that the Department of the Treasury’s Chief Disbursing Officer return to the relevant agency for reconciliation any payments that do not pass the pre-certification verification processes established pursuant to section 3(a) of this order and notify the designated CO.  
    (e)  The Secretary of the Treasury shall include in the guidance issued pursuant to subsection (a) of this section, or in other regulations or guidance, a transparent process for agencies to request exemptions from some or all of the payment verification requirements for specific payments or categories of payments.
    Sec. 5.  Core Financial System Consolidation.  (a)  Within 180 days of the date of this order, the OMB Director shall issue guidance that directs agencies described in 31 U.S.C. 901(b) (CFO Act agencies) to consolidate their core financial systems.
    (b)  As soon as practicable, but not later than 180 days of the date of this order, the OMB Director, in consultation with the Secretary of the Treasury, shall issue guidance directing all non-CFO Act agencies to consolidate transactional financial management services under a single provider approved by the Department of the Treasury.
    (c)  As soon as practicable, all heads of CFO Act agencies shall use standard financial management solutions available through the Financial Management Marketplace, administered by the Financial Management Quality Service Management Office.
    (d)  Agency heads shall ensure that core financial systems comply with Federal accounting and financial reporting standards and relevant regulations, orders, guidance documents, policy statements, and other agency actions published by the Department of the Treasury from time to time.
    Sec. 6.  Reduction of NTDOs.  (a)  Within 30 days of the date of this order, the Secretary of the Treasury shall assess whether to maintain disbursing authority that it has delegated to agencies pursuant to 31 U.S.C. 3321(b) and issue notices to revoke such delegations, as appropriate, in accordance with applicable law.  
    (b)  The heads of agencies with disbursing authority under 31 U.S.C. 3321(c), including the Secretary of Defense, the Secretary of Homeland Security, and the Attorney General (but excluding, for the avoidance of doubt, the Supreme Court and other entities of the Federal Government outside the Executive Branch) will work with the Secretary of the Treasury to delegate the performance of their disbursing activities, other than with respect to classified payments, to the Department of the Treasury’s Chief Disbursing Officer in accordance with applicable law. 
    (c)  Notwithstanding subsections (a) or (b) of this section, the Secretary of the Treasury may continue to delegate disbursing authority to NTDOs at other agencies when doing so would align with significant Government priorities.  Any remaining NTDOs are required to report daily to the Department of the Treasury’s centralized accounting and reporting system in accordance with then-current Department of the Treasury guidance and applicable law.
    (d)  The Secretary of the Treasury shall develop a plan to centralize and manage all payments previously disbursed by NTDOs, ensuring seamless continuity of Government payments.
    (e)  The Secretary of the Treasury, in coordination with agency heads, shall establish a transition plan for agencies currently operating as NTDOs, including staffing adjustments, system integrations, and legal or regulatory modifications necessary for full consolidation.
    (f)  The heads of agencies with disbursing authority delegated to the agency under 33 U.S.C. 3321(b) shall decommission all internal payment systems and use the Department of the Treasury’s disbursement systems, except and to the extent authorized by the Department of the Treasury or otherwise required by applicable law.
    Sec. 7.  Reporting and Implementation Requirements.  (a)  The heads of all agencies shall submit a compliance plan to the OMB Director within 90 days of the date of this order detailing their strategy for:
    (i)    transitioning disbursing authority to the Department of the Treasury, as applicable and as contemplated by this order;
    (ii)   updating and integrating systems with Department of the Treasury platforms;
    (iii)  procedures to verify payment information as contemplated by this order; and
    (iv)   transmitting information associated with improper payments to the Department of the Treasury in accordance with standards and reporting specifications established by the OMB Director in coordination with the Secretary of the Treasury as contemplated by this order.
    (b)  The Secretary of the Treasury shall submit an implementation report to the President through the Assistant to the President for Economic Policy within 180 days of the date of this order detailing progress on the matters set forth in this order.
    (c)  The Secretary of the Treasury and agency heads shall take all necessary steps to protect classified information and systems, as well as personally identifiable information and tax return information, through the implementation of this order.
    Sec. 8.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department or agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
    DONALD J. TRUMP
    THE WHITE HOUSE,
        March 25, 2025.

    MIL OSI USA News

  • MIL-OSI USA: Luján, Klobuchar, Colleagues Press USDA to Not Take Food Away from Food Banks and Hungry Families

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.), a member of the Senate Committee on Agriculture, Nutrition, and Forestry, joined U.S. Senator Amy Klobuchar (D-Minn.), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, and 24 of their colleagues in pressing the U.S. Department of Agriculture for more information about the cancellation of previously-approved funding through The Emergency Food Assistance Program (TEFAP) for food banks and other emergency food providers. This would take food away from hungry Americans already facing high grocery prices and hurt American farmers who are being squeezed by tariffs and other cuts to domestic markets.
    “We write regarding the reported cancellation of hundreds of millions of dollars in previously approved funding for food banks and other emergency food providers through The Emergency Food Assistance Program (TEFAP),” wrote the Senators. “A cancellation of these funds could result in $500 million in lost food provisions to feed millions of Americans at a time when the need for food shelves is extremely high due to costly groceries and an uncertain economy.” 
    “If true, this major shift in a program utilized by emergency food providers in every state in the nation will have a significant and damaging impact upon millions of people who depend upon this program for critical food assistance,” the Senators continued. “In addition, this program consists of purchases of U.S. commodities at a time when America’s growers and producers are struggling due to tariffs, proposed tariffs, animal disease and many other challenges.”
    In addition to Senators Luján and Klobuchar, the letter was signed by Minority Leader Chuck Schumer (D-N.Y.) and Senators Jeanne Shaheen (D-N.H.), Ron Wyden (D-Oreg.), Dick Durbin (D-Ill.), Jack Reed (D-R.I.), Bernie Sanders (I-Vt.), Sheldon Whitehouse (D-R.I.), Mark Warner (D-Va.), Jeff Merkley (D-Oreg.), Michael Bennet (D-Colo.), Kirsten Gillibrand (D-N.Y.), Chris Coons (D-Del.), Richard Blumenthal (D-Conn.), Tammy Baldwin (D-Wis.), Angus King (I-Maine), Cory Booker (D-N.J.), Catherine Cortez Masto (D-Nev.), Tina Smith (D-Minn.), Jacky Rosen (D-Nev.), Raphael Warnock (D-Ga.), Peter Welch (D-Vt.), Adam Schiff (D-Calif.), Andy Kim (D-N.J.), and Elissa Slotkin (D-Mich.).
    This letter comes following a roundtable discussion Senator Luján convened last week at Roadrunner Food Bank in Albuquerque where he discussed the specific needs of New Mexico food banks with stakeholders.
    The full letter is available here and below. 
    Dear Secretary Rollins: 
    We write regarding the reported cancellation of hundreds of millions of dollars in previously approved funding for food banks and other emergency food providers through The Emergency Food Assistance Program (TEFAP). A cancellation of these funds could result in $500 million in lost food provisions to feed millions of Americans at a time when the need for food shelves is extremely high due to costly groceries and an uncertain economy. If true, this major shift in a program utilized by emergency food providers in every state in the nation will have a significant and damaging impact upon millions of people who depend upon this program for critical food assistance. 
    In addition, this program consists of purchases of U.S. commodities at a time when America’s growers and producers are struggling due to tariffs, proposed tariffs, animal disease and many other challenges. 
    According to recent statistics, nearly one in every seven Americans have faced food insecurity. Many of these households turn to community and emergency relief organizations such as food banks and food pantries to help them obtain sufficient nutrition. In 2023 alone, 50 million Americans turned to emergency food providers, according to a report from Feeding America, America’s largest network of food banks. While food banks rely on a variety of sources (including private) to obtain food for distribution through their networks, federally purchased commodities are a key part of how they provide nutritious meals to Americans.  
    Due to this reported change, a number of us have heard that trucks delivering American-grown foods may not arrive. These trucks represent hundreds of thousands of nutritious meals containing poultry, fruits, vegetables, and dairy. If confirmed, the cancellation of this previously announced funding also comes on top of the cancellation of Local Food for School Program and the Local Food Purchase Assistance Program funding, which also helps farmers deliver nutritious foods to schools and food banks. These cuts will deprive Americans of food assistance, emergency food providers of necessary support to carry out their work, and American farmers of vital domestic markets. 
    To help us understand USDA’s actions and their impact on communities around the country, we ask that you answer the following questions. 
    Has USDA cancelled previously approved purchases of food provided through TEFAP? If so, what level of funding has been cancelled thus far and when will state agencies be notified of any cancelled TEFAP purchases? 
    Does USDA plan to cancel additional purchases of food provided through TEFAP? 
    Has USDA paused any TEFAP food orders or purchases? If so, what is the current status of those orders or purchases? Does USDA intend to un-pause these funds?  
    Please provide information on what types of funding, by commodity, have been cancelled and the financial impact of those cancellations on producers such as pork, chicken, turkey and dairy farmers. 
    Is the funding announced on October 1, 2024 and detailed in the implementation memo that the Food and Nutrition Service sent to state agencies on December 2 rescinded? 
    Does USDA intend to use Commodity Credit Corporation funds in Fiscal Year 2025 for future purchases that will be distributed through TEFAP?  
    We ask for a prompt response to these questions by the end of the week. 

    MIL OSI USA News

  • MIL-OSI Russia: Financial news: Head of the North-West Main Directorate of the Bank of Russia Irina Petrova retires, Pavel Shaptala will become the new head (03/25/2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Irina Petrova will leave her post on April 15, 2025. Pavel Shaptala, who is currently the deputy head of this territorial institution, will become the new head of the North-West Main Administration of the Bank of Russia.

    Irina Petrova has dedicated her entire professional life to the mega-regulator. For over 20 years, she represented the Bank of Russia in regions with developed industry — the Leningrad and Kaliningrad regions, and then in the Urals and the North-West.

    “For me and many, many of my colleagues, Irina Georgievna is an example of a professional who is selflessly devoted to her work,” said Elvira Nabiullina, Chairman of the Bank of Russia. “In her work, she always reacts sensitively to the demands of the time, is not afraid to implement something new, and many of her proposals have become best practices. I thank Irina Georgievna for everything she has done for the Bank of Russia, for her contribution to the creation of a modern look for territorial institutions and to the development of the Bank of Russia’s research activities.”

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/PR/? File = 638784967286053081 TUSTUA. HTM

    MIL OSI Russia News

  • MIL-OSI Europe: Answer to a written question – Lack of technological neutrality in Commissioner Jørgensen’s updated mission letter – E-000177/2025(ASW)

    Source: European Parliament

    During the confirmatory hearing in the European Parliament on 5 November 2024, the Commissioner for Energy and Housing set out his commitment to work on a renewable energy target for 2040.

    Setting such a target for 2040 would build on the findings of the impact assessment accompanying the recommendation for a 2040 climate target (COM/2024/63 final; SWD/2024/63 final) and establishing that a greater share of renewables is necessary for the EU to meet its climate goals in the more cost-effective manner, while also enhancing energy independence, energy affordability, promoting jobs and supporting economic growth.

    The Commission Communication on the 2040 climate target from February 2024 state that ‘all zero and low carbon energy solutions (including renewables, nuclear, energy efficiency, storage, CCS, CCU, carbon removals, geothermal and hydro-energy, and all other current and future net-zero energy technologies) are necessary to decarbonise the energy system by 2040[1]. The 2040 Impact Assessment confirms this.

    The Commission respects the Member States’ right to choose their energy mix in line with the Treaties. Member States are free to decide which renewable energy technologies to develop further and the composition of the non-renewable share of their energy consumption.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2024%3A63%3AFIN
    Last updated: 25 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Support for viniculture in Greece – E-000471/2025(ASW)

    Source: European Parliament

    Under the current Common Agricultural Policy (CAP) support through the CAP Strategic Plans is granted in response to needs identified for various sectors and areas including the wine sector.

    Possible support schemes also include dedicated sectoral interventions for wine. In its Strategic Plan 2023-2027, Greece has chosen to implement five interventions: restructuring and reconversion of vineyards, investment, green harvesting, promotion carried out in third countries, and information actions. The total budget allocated is slightly over EUR 23 million per year.

    In September 2024, a High-Level Group (HLG) on wine policy was established to explore possible solutions that could enhance the sector’s long-term competitiveness and sustainability.

    The HLG endorsed a set of recommendations addressing the production potential, increasing resilience to market and climate challenges, and adapting to new market opportunities.

    The most urgent and sector-specific recommendations will be implemented swiftly through a specific legislative proposal (‘wine package’) that will be adopted in the coming weeks.

    The CAP Strategic Plans also include support to help generational renewal, including in the wine sector. Additionally, young winemakers are strongly encouraged to form producer organisations allowing them to strengthen their position in the supply chain.

    Although Greece has never planned ‘firebreak vineyards’ in the CAP Strategic Plan, it could by amending the plan, for example, under the sectoral intervention ‘Investments’.

    Last updated: 25 March 2025

    MIL OSI Europe News

  • MIL-OSI Security: Camden County Company Settles Matter Alleging Receipt Of Improper Cares Act Loans

    Source: Office of United States Attorneys

    Newark, N.J. – A furniture rental company based in Pennsauken, New Jersey entered into a settlement agreement with the United States resolving allegations that the company violated the False Claims Act by taking a Paycheck Protection Program (PPP) loan to which it was not entitled, United States Attorney John Giordano announced today.

    According to the allegations in the complaint and the contentions of the United States in the settlement agreement:

    In January 2021, American Furniture Rentals, Inc. (AFR) applied for and received a $2 million PPP loan.  Under the eligibility rules in effect at that time, a company was required to have 300 employees or less to qualify for a PPP loan. Despite the fact that AFR had more than 300 employees at the time, AFR certified in its loan application that it was eligible to participate in the PPP program. After receiving the PPP loan, AFR sought and received forgiveness of the total amount of the loan, plus interest that had accrued.

    AFR fully cooperated in the investigation and resolution of this matter. In accordance with the terms of the settlement agreement, AFR will pay the United States $2,907,703. The settlement resolves a lawsuit filed under the whistleblower provision of the False Claims Act, which permits private parties, called relators, to file suit on behalf of the United States for false claims and share in a portion of the government’s recovery.

    The government is represented by Assistant U.S. Attorney David V. Simunovich of the Health Care Fraud Unit in Newark.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    The qui tam case is captioned United States ex rel. Verity Investigations, LLC v. American Furniture Rentals, Inc., 24-7540 (D.N.J.).

    25-086                                                             ###

    Counsel for American Furniture Rentals, Inc.: Brian K. Kidd, Esq., Washington, D.C.

    Counsel for Relator Verity Investigations, LLC: Steven Shepard, Esq., New York, NY

    MIL Security OSI

  • MIL-OSI Security: Two Plead Guilty to Roles in COVID-19 Fraud Conspiracy

    Source: Office of United States Attorneys

    CHARLESTON, W.Va. – Today, William Powell, 34, of Huntington, pleaded guilty to conspiracy to commit bank fraud, and Jasmine Spencer, 32, of Charleston, pleaded guilty to aiding and abetting bank fraud. Powell and Spencer each received $15,625 in proceeds from criminally derived Paycheck Protection Plan (PPP) loans, guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

    According to court documents and statements made in court, co-defendant Kisha Sutton conspired with Powell, Spencer, and others to obtain fraudulent PPP loans. Sutton submitted a PPP loan application on Powell’s behalf on April 19, 2021, and a PPP loan application on Spencer’s behalf of May 27, 2021. Powell and Spencer were each listed as a sole proprietor hair stylist who received $75,000 in gross income in 2020. Each application was filed with an Internal Revenue Service (IRS) Form 1040, Schedule C Profit or Loss from Business, stating that the applicant had earned $75,000 in 2020. As part of their guilty pleas, Powell and Spencer admitted that they never earned $75,000 as a hair stylist in one year and that the IRS Form 1040 submitted with their application was fraudulent and created solely to obtain the PPP loan.

    A PPP lender in Florida approved Powell’s loan application and a PPP lender in California approved Spencer’s. The $15,625 in proceeds from each loan was deposited in their respective personal bank accounts in late June 2021. Between June 30 and July 20, 2021, Sutton received $2,000 from Powell and $3,000 from Spencer as her shares of the fraudulent PPP loan proceeds. Powell and Spencer each transferred the money to Sutton using a digital wallet application. Powell and Spencer spent the remainder of their respective fraudulent loan proceeds on personal expenses.

    The CARES Act made forgivable PPP loans available to qualifying sole proprietors, independent contractors and self-employed individuals adversely impacted by the COVID-19 pandemic, to replace their normal income and for certain other expenses. Applicants were required to certify that they were in operation on February 15, 2020, and provide documentation showing their prior gross income from either 2019 or 2020.

    Powell is scheduled to be sentenced on July 2, 2025, and Spencer is scheduled to be sentenced on July 9, 2025. Each faces a maximum penalty of 30 years in prison, up to five years of supervised release, and a $1 million fine. Powell and Spencer each also owe $15,625 in restitution.

    Powell, Spencer, and Sutton, 44, of Jersey City, New Jersey, are among seven individuals indicted by a federal grand jury on charges alleging they and others conspired, as well as aided and abetted one another, to obtain fraudulent PPP loans totaling $140,625. The indictment against Sutton and the other defendants remains pending. An indictment is merely an allegation and all defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the West Virginia State Police – Bureau of Criminal Investigation (BCI), and the West Virginia State Auditor’s Office (WVSAO) Public Integrity and Fraud Unit (PIFU).

    United States District Judge Irene C. Berger presided over the hearings. Assistant United States Attorneys Jonathan T. Storage, Jennifer D. Gordon, and Holly Wilson are prosecuting the case.

    Individuals with information about allegations of fraud involving COVID-19 are encouraged to report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721, or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:24-cr-192.

    ###

     

     

    MIL Security OSI

  • MIL-OSI: FINNOVATE ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF SHAREHOLDER MEETING TO 10:00 AM EASTERN TIME MARCH 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    Boston, MA, March 25, 2025 (GLOBE NEWSWIRE) — Finnovate Acquisition Corp. (“Finnovate”) (OTC: “FNVUF”, “FNVTF”, “FNVWF”) announced today that its upcoming extraordinary general meeting of shareholders (the “Special Meeting”) to approve its proposed initial business combination which was initially scheduled for January 30, 2025 and had been postponed to March 27, 2025, will be further postponed to 10:00 a.m., Eastern Time on Friday, March 28, 2025. At the Special Meeting, shareholders of Finnovate will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Scage International Limited, a Cayman Islands exempted company (“Scage International” or the “Company”), Scage Future, a Cayman Islands exempted company (“Pubco”), Hero 1, a Cayman Islands exempted company and a direct wholly owned subsidiary of Pubco (“Merger Sub I”), and Hero 2, a Cayman Islands exempted company and a direct wholly owned subsidiary of Pubco (“Merger Sub II”) pursuant to a Business Combination Agreement (as amended, the “Business Combination Agreement”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Special Meeting.

    On March 13, 2025, Scage International received approval for listing from the China Securities Regulatory Commission. CSRC approval is one of the conditions for consuming the Business Combination. Now the CSRC approval has been received, Finnovate has decided to postpone the Special Meeting to allow more time for the parties to proceed to satisfy the remaining closing conditions under the Business Combination Agreement, including obtaining approval for the listing of Pubco’s securities on Nasdaq.

    As a result of this change, the Special Meeting will now be held at 10:00 a.m., Eastern time, on Friday, March 28, 2025, at the office of Ellenoff Grossman & Schole LLP located at 1345 Avenue of the Americas, New York, New York 10105 and via a live webcast at https://www.cstproxy.com/finnovateacquisition/2025. Also, as a result of this change, the deadline for holders of Finnovate’s Class A ordinary shares issued in its initial public offering to submit their shares for redemption in connection with the Business Combination is being further extended to 5:00 p.m., Eastern time, on Wednesday March 26, 2025.

    The proposed resolutions to be considered at the Special Meeting remains the same as that set out in the definitive proxy statement and other relevant documents that was been mailed to shareholders of Finnovate as of the record date of January 6, 2025. SHAREHOLDERS OF FINNOVATE AND OTHER INTERESTED PARTIES ARE URGED TO READ, THE DEFINITIVE PROXY STATEMENT, AND AMENDMENTS THERETO IN CONNECTION WITH FINNOVATE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION, a copy of which can be accessed via the following link: https://www.sec.gov/Archives/edgar/data/1857855/000121390025001247/ea0226944-01.htm.

    Finnovate plans to continue to solicit proxies from shareholders during the period prior to the Special Meeting. Only the holders of Finnovate’s ordinary shares as of the close of business on January 6, 2025, the record date for the Special Meeting, are entitled to vote at the Special Meeting.

    About Finnovate Acquisition Corp.

    Finnovate Acquisition Corp. is a blank check company incorporated in the Cayman Islands with the purpose of acquiring one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

    Forward-Looking Statements

    The information in this Press Release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity and market share; references with respect to the anticipated benefits of the proposed transactions contemplated by the Business Combination Agreement (the “Business Combination”) and the projected future financial performance of Finnovate and the Company’s operating companies following the proposed Business Combination; changes in the market for the Company’s products and services and expansion plans and opportunities; the Company’s ability to successfully execute its expansion plans and business initiatives; ability for the Company to raise funds to support its business; the sources and uses of cash of the proposed Business Combination; the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Business Combination; the projected technological developments of the Company and its competitors; ability of the Company to control costs associated with operations; the ability to manufacture efficiently at scale; anticipated investments in research and development and the effect of these investments and timing related to commercial product launches; and expectations related to the terms, approvals and timing of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s and Finnovate’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and Finnovate. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; the inability to recognize the anticipated benefits of the Business Combination; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market, following the Business Combination, including having the requisite number of shareholders; costs related to the Business Combination; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of certain projected financial information with respect to the Company; the Company’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company’s ability to successfully collaborate with business partners; demand for the Company’s current and future offerings; risks that orders that have been placed for the Company’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination; the outcome of any legal proceedings that may be instituted against the Company, Finnovate, Pubco or others following announcement of the proposed Business Combination and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company’s peers and competitors; and those risk factors discussed in documents of Pubco and Finnovate filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Finnovate nor the Company presently know or that Finnovate and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Finnovate’s, Pubco’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. Finnovate, Pubco and the Company anticipate that subsequent events and developments will cause Finnovate’s, Pubco’s and the Company’s assessments to change. However, while Finnovate, Pubco and the Company may elect to update these forward-looking statements at some point in the future, Finnovate, Pubco and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by Finnovate. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. 

    Additional Information

    Pubco and the Company filed with the SEC a Registration Statement on Form F-4, which has been declared effective by SEC (the “Registration Statement”). The Registration Statement includes a definitive proxy statement of Finnovate and a prospectus in connection with the proposed Business Combination involving Finnovate, Pubco, Hero 1, Hero 2 and the Company pursuant to the Business Combination Agreement. The definitive proxy statement and other relevant documents has been mailed to shareholders of Finnovate as of the record date of January 6, 2025. SHAREHOLDERS OF FINNOVATE AND OTHER INTERESTED PARTIES ARE URGED TO READ, THE DEFINITIVE PROXY STATEMENT, AND AMENDMENTS THERETO IN CONNECTION WITH FINNOVATE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT FINNOVATE, THE COMPANY, PUBCO AND THE BUSINESS COMBINATION.

    Participants in The Solicitation

    Pubco, Finnovate, the Company, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Finnovate in connection with the Business Combination. Information regarding the officers and directors of Finnovate is set forth in the Registration Statement. Additional information regarding the interests of such potential participants are also included in the Registration Statement and other relevant documents to be filed or has been filed with the SEC.

    No Offer Or Solicitation

    This Press Release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    INVESTOR RELATIONS CONTACT

    Finnovate Acquisition Corp.
    Calvin Kung
    265 Franklin Street
    Suite 1702
    Boston, MA 02110
    +1 (424) 253-0908 

    The MIL Network

  • MIL-OSI Global: As generative AI becomes more sophisticated, it’s harder to distinguish the real from the deepfake

    Source: The Conversation – Canada – By Andreea Pocol, PhD candidate, Computer Science, University of Waterloo

    The text-to-image model DALL-E uses generative adversarial networks (GANs) to generate images. (Shutterstock)

    In the age of generative artificial intelligence (GenAI), the phrase “I’ll believe it when I see it” no longer stands. Not only is GenAI able to generate manipulated representations of people, but it can also be used to generate entirely fictitious people and scenarios.




    Read more:
    The use of deepfakes can sow doubt, creating confusion and distrust in viewers


    GenAI tools are affordable and accessible to all, and AI-generated images are becoming ubiquitous. If you’ve been doom-scrolling through your news or Instagram feeds, chances are you’ve scrolled past an AI-generated image without even realizing it.

    As a computer science researcher and PhD candidate at the University of Waterloo, I’m increasingly concerned by my own inability to discern what’s real from what’s AI-generated.

    My research team conducted a survey where nearly 300 participants were asked to classify a set of images as real or fake. The average classification accuracy of participants was 61 per cent in 2022. Participants were more likely to correctly classify real images than fake ones. It’s likely that accuracy is much lower today thanks to the rapidly improving GenAI technology.

    We also analyzed their responses using text mining and keyword extraction to learn the common justifications participants provided for their classifications. It was immediately apparent that, in a generated image, a person’s eyes were considered the telltale indicator that the image was probably AI-generated. AI also struggled to produce realistic teeth, ears and hair.

    But these tools are constantly improving. The telltale signs we could once use to detect AI-generated images are no longer reliable.

    Improving images

    Researchers began exploring the use of GANs for image and video synthesis in 2014. The seminal paper “Generative Adversarial Nets” introduced the adversarial process of GANs. Although this paper does not mention deepfakes, it was the springboard for GAN-based deepfakes.

    Some early examples of GenAI art which used GANs include the “DeepDream” images created by Google engineer Alexander Mordvintsev in 2015.

    But in 2017, the term “deepfake” was officially born after a Reddit user, whose username was “deepfakes,” used GANs to generate synthetic celebrity pornography.

    In 2019, software engineer Philip Wang created the “ThisPersonDoesNotExist” website, which used GANs to generate realistic-looking images of people. That same year, the release of the deepfake detection challenge, which sought new and improved deepfake detection models, garnered widespread attention and led to the rise of deepfakes.




    Read more:
    How to combat the unethical and costly use of deepfakes


    About a decade later, one of the authors of the “Generative Adversarial Nets” paper — Canadian computer scientist Yoshua Bengio — began sharing his concerns about the need to regulate AI due to the potential dangers such technology could pose to humanity.

    Bengio and other AI trailblazers signed an open letter in 2024, calling for better deepfake regulation. He also led the first International AI Safety Report, which was published at the beginning of 2025.

    Hao Li, deepfake pioneer and one of the world’s top deepfake artists, conceded in a manner eerily reminiscent of Robert Oppenheimer’s famous “Now I Am Become Death” quote:

    “This is developing more rapidly than I thought. Soon, it’s going to get to the point where there is no way that we can actually detect ‘deepfakes’ anymore, so we have to look at other types of solutions.”

    The new disinformation

    Big tech companies have indeed been encouraging the development of algorithms that can detect deepfakes. These algorithms commonly look for the following signs to determine if content is a deepfake:

    • Number of words spoken per sentence, or the speech rate (the average human speech rate is 120-150 words per minute),
    • Facial expressions, based on known co-ordinates of the human eyes, eyebrows, nose, lips, teeth and facial contours,
    • Reflections in the eyes, which tends to be unconvincing (either missing or oversimplified),
    • Image saturation, with AI-generated images being less saturated and containing a lower number of underexposed pixels compared to pictures taken by an HDR camera.

    But even these traditional deepfake detection algorithms suffer several drawbacks. They are usually trained on high-resolution images, so they may fail at detecting low-resolution surveillance footage or when the subject is poorly illuminated or posing in an unrecognized way.

    Despite flimsy and inadequate attempts at regulation, rogue players continue to use deepfakes and text-to-image AI synthesis for nefarious purposes. The consequences of this unregulated use range from political destabilization at a national and global level to the destruction of reputations caused by very personal attacks.

    Disinformation isn’t new, but the modes of propagating it are constantly changing. Deepfakes can be used not only to spread disinformation — that is, to posit that something false is true — but also to create plausible deniability and posit that something true is false.

    It’s safe to say that in today’s world, seeing will never be believing again. What might once have been irrefutable evidence could very well be an AI-generated image.

    Andreea Pocol receives funding from NSERC.

    ref. As generative AI becomes more sophisticated, it’s harder to distinguish the real from the deepfake – https://theconversation.com/as-generative-ai-becomes-more-sophisticated-its-harder-to-distinguish-the-real-from-the-deepfake-225768

    MIL OSI – Global Reports

  • MIL-OSI USA: Sen. Warner Speaks at Senate Intelligence Committee Hearing

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    BROADCAST-QUALITY VIDEO OF SEN. WARNER’S OPENING REMARKS IS AVAILABLE HERE

    WASHINGTON – Today, Vice Chairman of the Senate Select Committee on Intelligence Sen. Mark R. Warner (D-VA) delivered opening remarks at the Intelligence Committee’s annual Worldwide Threats Assessment hearing.

    Sen. Warner’s opening remarks as delivered are below:

    Well, thank you, Mr. Chairman, and good morning, everybody, and I want to thank all the witnesses for being here.

    I got to say, I’ve been on the committee now for 14 years, and this year’s assessment is clearly one of the most complicated and challenging in my tenure on the committee.

    And I want to get into that in a moment, but I want to, first of all, address the recent story that broke in the news.

    Yesterday, we stunningly learned that senior members of this administration and according to reports, two of our witnesses here today, were members of a group chat that discussed highly sensitive and likely classified information that supposedly even included ‘weapons packages, targets and timing,’ and included the name of an active CIA agent.

    Putting aside for a moment that classified information should never be discussed over an unclassified system, it’s also just mind boggling to me that all these senior folks were on this line and nobody bothered to even check, security hygiene 101…

    Who are all the names? Who are they?

    Well, it apparently includes a journalist.

    And no matter how much the Secretary of Defense or others want to disparage him, this journalist had at least the ethics to not report everything he heard.

    The question I raise is: everybody on this committee gets briefed on security protocols. They’re told you don’t make calls outside of SCIFs of this kind of classified nature.

    Director Gabbard is the executive in charge of all keeping our secrets safe. Were these government devices? Or were they personal devices? Have the devices been collected to make sure there’s no malware?

    There’s plenty of declassified information that shows that our adversaries, China and Russia, are trying to break in to encrypted systems like Signal.

    I can just say this. If this was the case of a military officer, or an intelligence officer, and they had this kind of behavior, they would be fired. I think this is one more example of the kind of sloppy, careless, incompetent behavior, particularly towards classified information, that this is not a one off or a first time error.

    Let me take a couple of minutes and review some of the other reckless choices that this administration has made regarding our national security. We all recall it seems like it wasn’t that long ago, but less than two months ago, in the first two weeks, the administration canceled all U.S. foreign assistance.

    Now, some may say, how can that how bad can that be, its foreign assistance?

    Well, U.S. foreign assistance paid for the units in Ukraine to provide air defense to civilian cities being attacked by Russia.

    Foreign assistance paid for guarding camps in Syria, where ISIS fighters are to be detained.

    Foreign assistance paid for programs abroad that ensure that diseases like Ebola don’t come home.

    And until recently, it paid for the construction of a railway in Africa that would have help given the United States much needed access to critical minerals in Congo.

    Now that project… China is going to try to finance it as well.

    In the first two weeks, the administration fired several of our most experienced FBI agents, including the head of the criminal Investigative submission, the head of the intelligence division, the head of the Counterterrorism division, the heads of the New York, Washington and Miami field office, all individuals who were distinctly and directly responsible for helping to keep America safe.

    The irony a little bit, was the recently dismissed head of the counterterrorism division was involved in disrupting the ISIS attacks planned for Oklahoma City and Philadelphia and helped lead the effort to bring to justice the key planner of the Abbey Gate bombing in Afghanistan, who killed 13 U.S. servicemen and 150 civilians.

    That very Abbey Gate effort was actually praised by the president in his state of the Union address.

    The administration’s response to these agents’ good works and years of service was to force these folks out.

    It’s hard to imagine how that makes our country safer.

    Nor can I understand how Americans are made more secure by firing more than 300 staff at the National Nuclear Security Administration, including those responsible for overseeing the security and safety of the nuclear stockpile, or by ousting 130 employees at CSA.

    The agency directly responsible for trying to take on China’s salt typhoon attack again. After Salt Typhoon, I would have thought folks on that group chat might have thought twice.

    Or how are we made safer by sacking a thousand employees at the CDC and NIH. We’re actually directly working on trying to keep our country safe from disease by pushing out hundreds of intelligence officers.

    The amazing thing is our intelligence officers, they’re not interchangeable like a Twitter coder. Our country makes $20,000 to $40,000 of an investment just in getting a security clearance.

    It literally goes into six figures when you take the training involved. Can anyone tell how firing probationary individuals without any consideration for merit or expertise is an efficient use of taxpayer dollars?

    And just to make clear that yesterday’s story in the Atlantic was not this rookie one-off, it’s a pattern.

    I want to acknowledge Director Ratcliffe was not here in his position with this took place.

    But again, earlier in the administration, when a new unclassified network was used, thereby exposing literally hundreds of CIA officers’ identities.

    Those folks can’t go into the field now.

    How does that make our government more efficient?

    You know, again, this pattern of an amazing, cavalier attitude towards classified information is reckless and sloppy.

    And perhaps what troubles me most is the way the administration has decided that we can take on all of our problems by ourselves without any need for friends or allies.

    I agree that we’ve got to put America’s priorities first, but American first cannot mean America alone.

    The intelligence we gather to keep Americans safe depends on a lot of allies around the world who have access to sources that we don’t have.

    That’s sharing of information saves lives. And it’s not hypothetical.

    We all remember (because it was declassified) last year when Austria worked with our community to make sure to expose a plot against Taylor Swift in Vienna that could have killed literally hundreds of individuals.

    However, these relationships are not built in stone. They’re not dictated by law. Things like the Five Eyes are based on trust built on decades, but so often that trust is now breaking literally overnight.

    Yet suddenly, for no reason that I can understand, the United States is starting to act like our adversaries are our friends. Voting in the UN with Russia, Belarus and North Korea. It’s a rogues gallery if ever heard one.

    Treating our allies like adversaries, whether it’s threats to take over Greenland or over the Panama Canal, a destructive trade war with Canada, or literally threatening to kick Canada out of the Five Eyes, I feel our credibility is being enormously undermined with our allies, who I believe, and I think most of us on this committee, regardless of party believes, makes our country safer and stronger.

    But how can our allies ever trust us as the kind of partner we used to be when we, without consultation or notice, for example, stop sharing information to Ukraine in its war for survival against Russia. Or how can our allies not only not trust our government, but potentially not our businesses with such arbitrary political decision?

    Let me give you a few examples. You know, as a result of a lot of work from this committee and others in Congress, we made sure America’s commercial space industry is second to none from space to launch to commercial sensing and communications.

    The United States has taken a lead. Yet overnight, this administration called into question the reliability of American commercial tech industry.

    When maps are and other commercial space companies were directed to stop sharing intelligence with Ukraine.

    I’m going to tell you… I’m a business guy. Can’t say longer than being an elected official, but pretty close. That shockwave across all of commercial space and frankly, not just commercial space. I’ve heard it from some of our hyperscalers, in the tech community, has sent an enormous chill.

    Who’s going to hire an American commercial space company, government or foreign business with the ability to have that taken down so arbitrarily?

    It’s not just in the case of commercial space.

    We’ve seen that Canada, Germany, Portugal have all been saying they’re rethinking buying F-35s.

    I’ve heard from Microsoft and Google directly, and Amazon that they’re having questions about whether they can still sell their services.

    We’ve also seen foreign adversaries and friends take advantage of this RIF in our national security areas, and our scientists.

    Germany has already put out ads trying to attract some of our best scientists who’ve been RIFed and the Chinese intelligence agencies are posting on social media sites in the hopes of luring individuals with that national security clearance who’ve been pushed out, perhaps arbitrarily, to come into their service.

    So, no, the signal fiasco is not a one off. It is, unfortunately, a pattern we’re seeing too often repeated.

    I fear that we feel the erosion of trust from our workplace, from our companies, and from our allies and partners can’t be put back in the bottle overnight. Make no mistake, these actions make America less safe.

    Thank you, Mr. Chairman.

    MIL OSI USA News

  • MIL-OSI United Nations: Slave Trade ‘Indelible Stain’ on Humanity’s Conscience, Says Secretary-General at Remembrance Event

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks to the General Assembly event to mark the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade, in New York today:

    The transatlantic slave trade is an indelible stain on the conscience of humanity.  For more than four centuries, enslaved Africans were kidnapped and trafficked, dehumanized, abused and exploited.

    The depth and scale of the cruelty, inhumanity, and depravity of this practice is incomprehensible.  So, too, is the suffering, fear, pain and misery endured by those millions of people exploited for profit.

    Today, we reflect on families ripped apart and communities decimated.  We remember the women, children, and men forced to work in agonizing conditions, savagely punished, and deprived of their dignity and human rights.

    And we take strength in their resistance and demands for justice:  From revolution in Haiti, to the underground railroad in the United States, to countless individual acts of courage and defiance.

    I deeply regret that several countries — including my own — were engaged in this immoral trade.  A trade driven by greed and built on lies — particularly the lie of white supremacy.  A trade enabled by insurers, bankers, shipping companies, legal systems and more that saw individuals, institutions and corporations amass unimaginable wealth on the back of human suffering.  When slavery was officially abolished, it was not the enslaved who were compensated, but the enslavers — receiving reparations equivalent to billions of dollars in today’s money.

    In an even crueller twist, some slaves were forced to pay compensation.  Haiti had to fund payouts to those who had profited from its suffering — all in the name of securing its independence.

    Today is not only a day of remembrance.  It is also a day to reflect on the enduring legacies of slavery and colonialism and to strengthen our resolve to combat those evils today.

    The obscene profits derived from chattel slavery and the racist ideologies that underpinned the trade are still with us.  Systemic racism has been embedded into institutions, cultures, and social systems.

    And deeply rooted exclusion, racial discrimination and violence continue to undermine the ability of many people of African descent to thrive and achieve their full potential.

    For too long, the crimes of the transatlantic slave trade — and their ongoing impact — have remained unacknowledged, unspoken and unaddressed.

    Links to slavery were buried, histories were rewritten, minimized or overlooked, ongoing harms were excused or dismissed and perpetrators seemed to hope their actions would be lost to the past.

    They were wrong.  Thanks to the tireless work of affected leaders and communities, calls to acknowledge and repair the past can no longer be ignored.

    This year, at both the African Union Summit and the Caribbean Community Heads of Government Meeting, I heard leader after leader make a powerful case for reparatory justice.

    Some institutions and States are taking steps to acknowledge and address their pasts; museums and public spaces are commemorating the resistance of people of African descent and celebrating their vast contribution to societies.  This is a start.

    But we need much more.  The horrors of the transatlantic slave trade are an undeniable fact.  Acknowledging this truth is not only necessary, it is vital for addressing past wrongs, healing the present, and building a future of dignity and justice for all.

    It is also important that reparatory justice frameworks are grounded in international human rights law, developed with the participation of affected communities and acknowledge the terrible harms caused.

    I urge everyone to play their part in building inclusive societies free from the evils of racism.

    That means countries complying with their international obligations — including the Universal Declaration of Human Rights, implementing the International Convention on the Elimination of All Forms of Racial Discrimination and becoming parties to the Convention if they are not already.

    It means business leaders promoting equality and combating racism.  And it means civil society and everyday people continuing to push for justice and taking a stand against racism wherever and whenever it appears.

    This mission is at the heart of the United Nations.  The human dignity of every person is our founding creed.  We must stand with everyone, everywhere, to combat racial discrimination and hate and to defend the human rights and dignity of all.

    MIL OSI United Nations News

  • MIL-Evening Report: National standards by stealth? Why the government’s latest plan for schools might fail the history test

    Source: The Conversation (Au and NZ) – By Jade Wrathall, Teaching Fellow, Te Kura Toi Tangata – School of Education, University of Waikato

    smolaw/Shutterstock

    The New Zealand government’s plan to purchase a standardised tool to assess reading, writing and mathematics for school children between Year 3 and 10 has caught parents, schools and education groups by surprise.

    The tool would essentially be a return to a form of national standards, a policy introduced in 2008 under John Key’s National government.

    Under this policy, children were compared against the level of achievement expected for their age and time at school. The goal was to improve results across the education system.

    The policy was ended by Labour in 2017 after there was little improvement in international testing results and several criticism from the sector. The National Standards in their Seventh Year survey of teachers and principals found just 16% of respondents said the standardised testing had a positive impact.

    The planned introduction of a new standardised assessment tool is concerning for a number of reasons – particularly when it comes to long-term consequences for schools and student learning.

    But what has also raised the hackles of many in education is how the tender process for the new tool happened without warning. Here is what parents, schools and the public should know about the background to this debate.

    In 2024, Education Minister Erica Stanford announced plans to allow schools to choose between two tools to assess students, but the ministry has now issued a tender for just one.
    Hagen Hopkins/Getty Images

    A narrowing curriculum

    There is plenty of research – from New Zealand and overseas – highlighting the negative consequences of standardised testing in education.

    Standardised assessment can, for example, lead to schools being ranked against each other according to their achievement data. A low ranking could jeopardise a school’s reputation and therefore the number of enrolments and subsequent funding they receive.

    In this high-stakes environment, teachers can be pressured to focus on assessed subjects, often to the detriment of the broader curriculum. While the curriculum in New Zealand has already been considerably narrowed under the government’s “Teaching the Basics Brilliantly” policy, a standardised assessment could further exacerbate this trend.

    Teachers may also be inclined to “teach to the test” and employ rote learning strategies, where children are encouraged to memorise the correct answers. While this may result in high test scores, it is questionable whether deeper learning will occur.

    Focusing on assessment can also be detrimental to children’s belief that they could learn and their attitudes towards learning, particularly when they are labelled according to their level of achievement.

    Finally, while standardised tests might promise an “easy fix” to improve educational outcomes, they do not address the deeper socioeconomic disparities which continue to significantly affect educational achievement.

    A lack of consultation

    This shift back towards a national testing standard is happening without any known consultation with the education sector. Instead, the plan to use one standardised assessment tool only became evident when the government tender was released.

    But the introduction of a standardised test also doesn’t fit with the government’s previous public statements on testing.

    In 2024, Education Minister Erica Stanford announced plans to allow schools to choose between two tools to assess students. These tools were selected specifically to prevent comparison across schools because they were so different from one another.

    At the time, Stanford said

    It’s not our intention to pit schools against each other. This data is for parents to know how their kids are going, teachers to inform practice, and as a system to know how we’re tracking.

    But according to documents released later the same year, the government already had a plan to rely on a single standardised assessment tool that could produce comparable data.

    Control from afar

    While the Ministry of Education says this new standardised assessment tool “will deliver a long-term solution to support all schools and kura”, there are reasons to be sceptical.

    Standardised assessment can be used by the government to control what teachers do in the classroom and provide data to reallocate resources to where they are most needed. This resource allocation strategy, however, can leave some schools without the funding and support they need.

    Principals and teachers can also be held accountable for student achievement, while larger contextual factors, such as socioeconomic inequalities, are ignored. This can ultimately lead to educators being blamed if achievement targets are not met.

    Regardless of who wins the tender for the new assessment tool, New Zealand’s recent experience with standardised testing didn’t achieve what was promised. Returning to national standards – either in name or just in spirit – should raise alarms for everyone.

    Marta Estellés has previously received funding from The Spencer Foundation, New Zealand National Commission of UNESCO, the Division of Education at The University of Waikato and The University of Cantabria.

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

    ref. National standards by stealth? Why the government’s latest plan for schools might fail the history test – https://theconversation.com/national-standards-by-stealth-why-the-governments-latest-plan-for-schools-might-fail-the-history-test-252917

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: Congo Energy & Investment Forum (CEIF) 2025: Congo Offers Attractive Tax Policies for Oil & Gas (O&G) Investors

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), March 25, 2025/APO Group/ —

    The Republic of Congo’s Ministry of Hydrocarbons has announced it is working to improve the attractiveness of taxation in the hydrocarbons sector to fully realize the potential of the country’s hydrocarbons market.

    Speaking during the Technical Conference at the inaugural Congo Energy & Investment Forum (CEIF) – From Resources to Revenue: Developing the Republic of Congo’s Gas Sector – Jean-Jacques Ikama, Director General of Oil Economy, Audit and Trading, Ministry of Hydrocarbons, Congo explored the conditions and mechanisms for companies entering the country’s oil and gas sector.

    “Oil and gas activities can serve as a basis for the creation and operationalization of a very dynamic local market,” stated Ikama, adding, “We aim to redefine the hydrocarbons sector in our country and improve the conditions of exploration and production.”

    In addition to good taxation conditions and guaranteed frameworks, Congo has taken proactive steps to enhance its energy sector’s appeal to investors. The government will launch a new licensing round at CEIF, targeting accelerated oil and gas exploration and production activities.

    Meanwhile, Congo’s parastatal Société Nationale des Pétroles du Congo is set to release its Gas Master Plan at CEIF 2025. The plan aims to advance the country’s gas monetization agenda by catalyzing new infrastructure development, including gas pipelines, processing facilities and gas-to-power plants. The plan also seeks to reduce energy imports and raise electricity access, which currently stands at 50%.

    A new Gas Code, expected in 2025, will provide a clear legislative framework for gas monetization, fiscal terms and resource management. The draft was presented to gas companies in late 2023 and is set for final approval in the coming months.

    Key gas monetization initiatives in the country include energy major Eni’s Congo LNG project and Chinese developer Wing Wah’s Banga Kayo project. These projects highlight the country’s dedication to advancing its energy infrastructure and diversifying revenue streams within the sector.

    These efforts positions Congo as an increasingly competitive and attractive destination for global energy investments.

    MIL OSI Africa

  • MIL-OSI USA: Attorney General Bonta to Insurance Companies: Discrimination Against Reproductive and Gender-Affirming Care Providers Unlawful in the Provision of Professional Liability Insurance

    Source: US State of California

    Sends letters to 15 insurance companies on legal obligations under AB 571, issues alert to insurance industry generally 

    Potential violations of AB 571 can be reported at oag.ca.gov/report

    OAKLAND — California Attorney General Rob Bonta today sent letters to 15 insurance companies to remind them of their obligations under Assembly Bill 571 (AB 571) and request copies of their policies demonstrating compliance with AB 571. Authored by Assemblywoman Cottie Petrie-Norris (D-Irvine), AB 571 went into effect on January 1, 2024 and prevents insurers from refusing to issue or renew, or from altogether terminating, professional liability insurance for a licensed medical provider based solely on their provision of abortion, contraception, or gender-affirming care services, if the services are performed in and lawful in California. Attorney General Bonta also published an alert directed at the insurance industry generally regarding their obligations under AB 571. A major barrier to expanding access to abortion care is the cost and availability of professional liability insurance, despite evidence showing that large premiums are not proportional to the true liability risk. Also known as malpractice insurance, professional liability insurance protects licensed providers from medical malpractice lawsuits.  

    “California has been and remains committed to protecting the right to choose and the right of individuals to access necessary medical care,” said Attorney General Bonta. “Licensed providers that offer reproductive and gender-affirming care too often face significant obstacles in securing malpractice insurance — the California Legislature passed, and the Governor signed into law, AB 571 to tear down those barriers. With today’s letters and alert, my office is reminding insurance companies of their legal obligations under AB 571. Compliance is not optional. I encourage Californians to report potential violations at oag.ca.gov/report.” 

    Additionally, under AB 571, insurers may not increase premiums or impose surcharges on healthcare providers solely because they offer abortion, contraception, or gender-affirming services. Further, insurers may not deny coverage for liability for damages arising from offering or performing abortion, contraception, gender-affirming healthcare, or care related to those healthcare services, if those services are within the scope of the insured’s license, the services are lawful in California, and the policy would otherwise cover liability arising from performing or rendering other services within the scope of the insured’s license.

    Given the importance of ensuring that reproductive and gender-affirming care providers are able to provide care in California, Attorney General Bonta encourages insurers to:

    • Review their policies and procedures to ensure that they comply with AB 571.
    • Review their employee training to ensure that employees are aware of AB 571. 
    • Take any additional proactive steps to ensure compliance with AB 571.

    Copies of the letters to the 15 insurance companies can be found below. A copy of the alert can be found here

    Letter to Admiral Insurance Group

    Letter to Allied World Assurance Company

    Letter to Ascot Group 

    Letter to C.N.A. Insurance

    Letter to Hamilton Group

    Letter to Hiscox Insurance Company, Inc.

    Letter to Hudson Insurance Group, LTD 

    Letter to Ledgebrook 

    Letter to Markel Insurance Company 

    Letter to MedPro Group, Inc. 

    Letter to Munich Re America Services, Inc.

    Letter to ProAssurance Group

    Letter to QBE Insurance Group

    Letter to RSUI

    Letter to Tokio Marine HCC

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