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Category: Business

  • MIL-OSI USA: Sen. Scott Questions USTR Nominee Jamieson Greer

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON — U.S. Senator Tim Scott (R-S.C.), member of the Senate Finance Committee, questioned President Trump’s nominee to serve as U.S. Trade Representative, Jamieson Greer, at his confirmation hearing. Senator Scott and Mr. Greer discussed a range of topics, including market access for U.S. exports, specifically South Carolina products, the strategies behind tariffs, China’s unfair trade practices, and economic tools to strengthen American national security.

    Excerpts from Senator Scott’s questioning can be found below:

    On market access for U.S. exports… 
    “Expanding market access for American made goods is critical to our economic strength, frankly, and our competitiveness. Ninety-five percent of our customers are outside of our nation as we represent about five percent of the world’s population. [In] South Carolina, we have about $36.4 billion of manufactured goods and products that leave our state, supporting 112,000 jobs that find a home someplace around the world. [For] our agricultural goods – $1.2 billion – access to the world’s market is incredibly important. We believe that they create good paying jobs in South Carolina. We also believe they create great paying jobs across this country as we took the aggregate value of those goods and services in other states. How do you plan to secure this market access with other countries in the first 100 days?” 

    On President Trump’s approach to tariffs… 
    “So, it seems to me that the president’s tariffs approach… has to do with punishment. The other has to do with the right sizing our approach to a global economy. And both seem to have the American consumer in mind and our national security in mind, as well. And the more efforts we see from the president in this direction, it seems like his ability to recalibrate the global system and, frankly, to make it more responsive to Americans [is a] net positive long-term.”

    On China and unfair trade practices… 
    “It also seems to me that there are countries like China – I’m not sure the politically right way to say this – but they lie, they cheat, they steal. And yet with the World Trade Organization, they still have a most favored nation status. What should we do about that?” 

    On our national security… 
    “From my perspective, our first weapon for national security ought to be an economic weapon, a non-kinetic option. And to the extent that we deploy that weapon in the most effective way possible, we keep more Americans safe, keep our soldiers at home, and frankly, it recalibrates or repositions America as a city on the hill. And I hope that we engage in the most effective approach and use of that economic weapon that we possibly can.”

    Watch Senator Scott’s full questioning here. 

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI Security: South Lake Tahoe Man Sentenced to Over Two Years in Prison for Impersonating Federal Officers

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    SACRAMENTO, Calif. — Anton Andreyevich Iagounov, 38, of South Lake Tahoe, was sentenced today by U.S. District Judge Daniel J. Calabretta to two years and three months in prison for four counts of impersonating a federal officer, Acting U.S. Attorney Michele Beckwith announced.

    According to court documents, and evidence presented at a three-day trial in July 2024, Iagounov pretended to be a federal law enforcement agent by creating and sending counterfeit investigative documents, which he signed in the name of a fictional federal agent, seeking highly protected information from the Department of Defense.

    “The defendant impersonated federal officers and tried multiple times to obtain protected information using fake court documents,” said Acting U.S. Attorney Beckwith. “Many federal agencies including NASA have devoted law enforcement officers, and we will not tolerate federal officers being illegally impersonated.”

    “Mr. Iagounov’s attempt to undermine public trust in order to obtain sensitive government information posed a significant risk, potentially endangering national security and the integrity of NASA and government operations,” said Michael Graham, Acting Assistant Inspector General for Investigations. “This sentencing demonstrates the commitment of NASA OIG, the USAO, and our law enforcement partners to safeguarding Federal assets and holding accountable those who undermine justice.”

    “The defendant impersonated a federal law enforcement officer and took advantage of the trust that exists between federal agencies,” said Acting Special Agent in Charge Jeremy N. Schwartz of the FBI Las Vegas Division. “All officers carry badges and credentials that are used to verify their identity. If you believe someone is impersonating an officer, you may ask their agency to confirm their official business. This sentencing demonstrates the excellent work achievable through partnerships.”

    On July 5, 2022, Iagounov sent a search warrant he had created to the U.S. Capitol Police, falsely claiming it was signed by a Special Agent of NASA Office of Inspector General (NASA‑OIG) and appearing to be authorized by a U.S. District Court judge for the District of Columbia. The Capitol Police investigated the document, determined it was fake, and referred it to NASA-OIG for further investigation.

    On July 11, 2022, Iagounov again pretended to be the same fictional NASA-OIG agent and sent the warrant to the U.S. District Court for the Central District of California. This time, he sent it without a judge’s signature, indicating it was for an “emergency filing” and required a judge’s signature. He sent it from an email address designed to look like it was from a United States government agency, but which Iagounov owned and had named to look like a government agency’s internet domain.

    On July 18, 2022, Iagounov again sent the fake search warrant, purporting to be signed by the same fictitious NASA-OIG agent. He sent it to the U.S. Bankruptcy Court for the Middle District of Georgia, again indicating that it was for an emergency filing and needed a judge’s signature immediately.

    Finally, on July 24, 2022, Iagounov faxed a letter, under the name of a real NASA-OIG supervising agent, to the U.S. District Court for the Northern District of Florida. In that letter, he claimed to be following up on the warrant, stating that an “exigent circumstance” required a judge’s signature immediately. The faxed letter included an anonymous email address for the agent that actually belonged to Iagounov. Several days earlier, on July 15, Iagounov had sent his warrant to the U.S. Bankruptcy Court for the Northern District of Florida but had received no response.

    In each case, given the apparently sensitive nature of the materials Iagounov’s warrant sought, the receiving personnel for the Courts referred the matter to NASA-OIG for review and investigation.

    This case was the product of an investigation by the Federal Bureau of Investigation and NASA Office of Inspector General, with assistance by the South Lake Tahoe Police Department and the Carson City Sheriff’s Office. Assistant U.S. Attorneys James Conolly and Audrey Hemesath prosecuted the case. 

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI USA: ‘Dating or Defrauding?’ a Joint Effort to Alert Online Daters, Social Media Users of Relationship Investment Scams

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — In coordination with multiple federal, state, and nonprofit organizations, the Commodity Futures Trading Commission’s Office of Customer Education and Outreach has launched a national awareness effort to alert the public to relationship investment scams targeting Americans through wrong-numbered texts, dating apps, and social media.
    Over the coming weeks, the interagency Dating or Defrauding? social media awareness campaign will warn Americans to be skeptical of any request from online friends for cryptocurrency, gift cards, wire transfers, or other forms of payment. Other red flags include:

    A prolonged inability to meet in-person.
    Moving conversations off social or dating platforms to encrypted messaging apps.
    Repeated suggestions for investments or requests for money.

    The joint initiative will provide information about how to recognize relationship investment scams, what to do if you are affected, and why to share the information to warn others.
    “Today, criminals are better able to hide their identities, create more fake profiles, phishing emails, and more convincing scam websites than ever before,” said OCEO Director Melanie Devoe. “Valentine’s Day and the following weeks provide an excellent opportunity to remind people that criminals are using social media, dating, and messaging apps to scam Americans. We ask you to be alert, and to help stop scams by warning your friends and family.” 
    During the campaign, participating organizations will use the #DatingOrDefrauding hashtag and direct users to helpful resources. In addition to the CFTC, participating agencies include: 

    Federal agencies: FBI, Federal Deposit Insurance Corporation Office of Inspector General, Federal Trade Commission, Financial Crimes Enforcement Network, Social Security Administration Office of the Inspector General, and U.S. Postal Inspection Service.
    State agencies: Arizona Corporation Commission, U.S. Virgin Islands Office of the Lieutenant Governor, Oregon Division of Financial Regulation, Washington State Department of Financial Institutions, and Wisconsin Department of Financial Institutions.
    Non-governmental organizations: FINRA and NFA. 

    About Relationship Investment Scams
    Relationship investment scams are a recent type of romance fraud, causing reported losses to the FBI of nearly $4 billion in 2023. Called pig butchering by the perpetrators, criminals use dating apps, social media platforms, messaging apps, and even random “wrong number” text messages to target possible victims. The scammers are known to use fake profiles, images, videos and voices to make themselves appear attractive and professional, and once introduced, they send frequent messages to build relationships. These new online “friends” claim to have made a lot of money trading cryptocurrency, precious metals, or foreign currency, thanks to special knowledge or insider help. The scammers talk about how easy it is and offer to help victims earn extra money. Victims are then directed to fraudulent trading platforms operated by the same organized criminal gangs.
    These scams do not discriminate and have victimized people of all ages. People who live alone or spend a lot of time on social media or in discussion groups tend to be more vulnerable to fraud. Scams work because they appeal to unmet needs or emotions, like financial stress, excitement, or fear. The good news is that awareness can reduce victimization. Sharing information could help protect those closest to you.
    In addition to participating in the Dating or Defrauding? effort, the CFTC’s Office of Customer Education and Outreach is releasing a customer advisory, Help Warn Others About Relationship Investment Scams, that explains the fraud in detail and steps the public can take to help others.
    The CFTC has previously alerted customers to romance frauds including the inaugural Dating or Defrauding? campaign in 2022. [See CFTC Press Release No. 8491-22]. The CFTC also issued customer advisories Avoid Forex, Precious Metals, and Digital Asset Romance Scams. [See CFTC Press Release No. 8492-22] and Six Warning Signs of Online Financial Romance Frauds.
    About the Office of Customer Education and Outreach
    OCEO is dedicated to helping customers protect themselves from fraud or violations of the Commodity Exchange Act through the research and development of effective financial education materials and initiatives. OCEO engages in outreach and education to retail investors. The office also frequently partners with federal and state regulators as well as consumer protection groups. The CFTC’s full repository of customer education materials can be found at: cftc.gov/LearnAndProtect.
    Customer Advisory: Help Warn Others About Relationship Investment Scams is available in full below.
    ###
    Customer Advisory: Help Warn Others About Relationship Investment Scams
    Scammers are using smart phones, social media or dating sites, and cryptocurrency to steal billions of dollars from Americans. Over the coming month, the CFTC is joining with other federal, state, and nonprofit organizations to raise awareness about these horrible crimes. You can help too: Warn your friends and family by sharing #DatingOrDefauding information and links. 
    Relationship investment scams, called pig butchering by the perpetrators, use dating apps, social media platforms, messaging apps, and even random “wrong number” text messages to target possible victims. The fraudsters use fake profiles, images, videos and voices to make them appear attractive and professional. Once introduced, they send frequent messages to build relationships. The new online “friends” claim to have made a lot of money trading cryptocurrency, precious metals, or foreign currency, thanks to special knowledge or insider help. The scammers talk about how easy it is and offer to help targets earn extra money. Targets are then directed to fraudulent trading platforms operated by the same organized criminal gangs.
    Victims are told to convert their dollars to cryptocurrency and then send the crypto to the scam website. They see their balances on the websites grow substantially and are encouraged to withdraw small amounts of money to spend on themselves. This is another ploy to build trust. Research reveals victims transfer an average of 10 payments, each larger than the last until they are financially drained. When victims try to make subsequent withdraws, they are refused or told they must pay additional fees or taxes.
    Anyone Could be a Potential Victim
    Relationship investment scams do not discriminate and have victimized people of all ages. People who live alone or spend a lot of time on social media or in discussion groups tend to be more vulnerable to fraud. Scams work because they appeal to unmet needs or emotions, like financial stress, excitement, or fear. 
    The good news is that awareness about specific scams can reduce victimization by up to 85 percent.[1] Sharing information during the Dating or Defrauding Campaign could help protect those closest to you.
    What You Can Do

    Talk about relationship investment scams and other scams you hear about. Visit the CFTC Romance Fraud Center for more information and resources. Talking regularly about fraud raises awareness, reduces the stigma of victimization, and can encourage reporting. 
    Look for and share, like, or repost messages with the #DatingOrDefrauding hashtag.
    Host a fraud prevention event in your community. You can engage local law enforcement, the CFTC, or other agencies involved in the Dating or Defrauding Campaign.
    Listen for warning signs, like a friend or relative talking about a new online relationship or investing in crypto for the first time.
    Report fraud. You can do so at CFTC.gov/complaint or the FBI’s Internet Crime Complaint Center, IC3.gov. If you are victimized by this fraud here are resources that can help.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI Global: AI dating is about data, not love: How to resist the tech takeover of romance

    Source: The Conversation – Canada – By Treena Orchard, Associate Professor, School of Health Studies, Western University

    If we permit AI to take over our dating and love lives too much, it risks hollowing out our relationships and connections. (Shutterstock)

    As in-person dating activities make a comeback and the allure of dating apps fade, platforms like Tinder, Bumble and Hinge are becoming passé for millennials and Gen Z.

    But while the era of dating apps is on the decline, people aren’t ditching the search for love altogether. There’s enough heart-shaped chocolates, red lingerie and silicone toys to keep us going for decades. The real question is: who or what is filling the void left by the dating app industry?

    The answer is artificial intelligence.

    Tech companies have woven AI into everything from facial recognition software to voice-activated assistants and sexbots. Now, it’s being inserted into online dating. As an anthropologist who writes about sexuality, dating and technology, this generates a lot of questions for me.

    For instance, what are some of the ethical dilemmas this technology raises in terms of privacy and safety? What can we do instead of giving ourselves over to artificial intelligence when it comes to love and romance? As we navigate the complexities of love in the digital age, these questions demand thoughtful answers.


    No one’s 20s and 30s look the same. You might be saving for a mortgage or just struggling to pay rent. You could be swiping dating apps, or trying to understand childcare. No matter your current challenges, our Quarter Life series has articles to share in the group chat, or just to remind you that you’re not alone.

    Read more from Quarter Life:

    • Age-gap relationships between Millennial women and Gen Z men are on the rise

    • How embracing the cringe can help your dating life

    • Thinking about polyamory? You’re not the only one


    The spectrum of AI dating

    AI has been quietly reshaping the dating landscape for years. Marketed as a hyper-efficient solution to securing optimum matches in record time, it’s easy to see how AI is more appealing than traditional apps. Who wouldn’t want to avoid the monotony of endless swiping or the possibility of ghosting?

    AI tools like ChatGPT can also generate dating conversations and optimize user profiles. However, the results can be hit-or-miss. One writer said ChatGPT made her “sound like someone’s 50-year-old uncle on Facebook.”

    Then there’s Meeno, a relationship advice app founded by former Tinder CEO Renate Nyborg. It uses generative AI and is designed to address loneliness among young people, especially men, who are statistically less likely to access help-seeking resources.

    AI tools like ChatGPT can help users write dating profiles.
    (Shutterstock)

    The most popular AI dating assistant at the moment is Rizz, an app that had more than 20,000 daily downloads in 2024. Rizz analyzes screenshots of conversations on other platforms and crafts reply suggestions.

    AI’s role in the dating world extends far beyond tools designed to help people connect — some users are forging actual relationships with AI chatbots.




    Read more:
    Sex bots, virtual friends, VR lovers: tech is changing the way we interact, and not always for the better


    Interestingly, men are twice as likely as women to consider an AI partner. This trend may be driven by differences in how men and women engage with technology, differences in societal expectations or a greater curiosity among men about combining AI with relationships.

    Introduced in 2017, Replika was one of the first generative AI dating chatbots. Marketed as “an AI companion who is eager to learn and would love to see the world through your eyes,” Replika quickly gained a reputation for its explicit content.

    When the company removed its adult content in 2023, users revolted so vehemently the functions were partially reinstated.

    AI dating research

    Security issues and data privacy are common concerns when it comes to AI, including romance scams and the sharing or selling of personal information. Equally scary is the prospect of queer folks being criminalized for using these dating tools in countries where being gay is illegal.

    In terms of gender, the trends in this domain mirror those on dating apps — men are the prime users and designers of these platforms.




    Read more:
    Dating apps: Lack of regulation, oversight and competition affects quality, and millions stand to lose


    Given the pronounced gender inequities already present in our society and the rise in sexual violence perpetrated by men against women through technology, AI dating platforms risk deepening these systemic inequities.

    AI’s impact on how young people learn about sex and dating is another important topic. A recent scoping review highlighted the dangers of AI resources that reflect conservative and unscientific worldviews about sex and romance. When exposed to such views, youth become at risk of developing internalized shame for being curious about sex, dating and cybersexual activities.

    Another troubling aspect of AI in dating is the proliferation of fraudulent dating apps that employ chatbots. These apps lure users into installing a dating app and paying subscription fees to chat with existing users. However, the sole purpose of these apps is to cheat new users into paying money to fake accounts that are managed by chatbots.

    Getting more groove in our hearts

    More technology doesn’t necessarily mean better lives. If anything, it can actually contribute to the current “loneliness pandemic” that’s caused, in part, by our over-reliance on devices.

    Selective doses of AI can be helpful to bounce ideas off of, or to help work through an unrequited crush, but if we permit AI to take over this vital aspect of life, our hearts could become lined with hollow connections. That’s the last thing we all need.

    Dating app platforms like Tinder, Bumble and Hinge are becoming passe for millennials and Gen Z.
    (Shutterstock)

    The good news is that young people are hungry for more in-person experiences and they’re leading the resistance against the dating app industry. Nostalgia for previous eras, especially the 1990s and early 2000s, reflects a desire to experience a time when life was less stressful and more carefree. Analogue technology and other forms of physical media are coming back in a big way.

    Vintage thrifting, cooking, game nights and do-it-yourself art projects are effective and fun ways to resist the AI creep, whether in dating or in daily life.

    However, creating these options isn’t something you should have to do alone. Community organizers, cultural leaders and thoughtful influencers also have roles to play in AI-free activities and opportunities that foster connection. Think old school cultural events tailored towards niche demographic groups, like queer, gender-diverse and women-only spaces.

    By creating and participating in these kinds of activities, you can cultivate experiences that help you make decisions about love and life on your own terms, versus being directed by what aggressive capitalist corporations want you to do.

    Treena Orchard 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. AI dating is about data, not love: How to resist the tech takeover of romance – https://theconversation.com/ai-dating-is-about-data-not-love-how-to-resist-the-tech-takeover-of-romance-247090

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: Online algorithms could help save the planet with just a few small tweaks

    Source: The Conversation – Canada – By Martin Gibert, Chercheur en éthique de l’intelligence artificielle, Université de Montréal

    YouTube’s algorithm is extremely powerful. If the company were to direct some of its users’s attention to pro-climate content, this would likely have positive consequences on a large scale. (Shutterstock)

    Have we tried everything to tackle the climate crisis? At least one simple idea has hardly been explored: prioritizing climate content on social media.

    The climate crisis is seriously aggravated by a lack of attention, including in the recent United States presidential election campaign. But algorithmic recommenders could help, as they are responsible for a significant proportion of how human attention online is allocated. Algorithmic recommenders are artificial intelligence systems that suggest content, such as news feeds, music or videos, to people based on their behaviour and preferences.

    Take YouTube, where hundreds of millions of users watch billions of hours of content each day. That’s a huge amount of brain time. But how do these users select the handful of videos they watch, out of the billions of uploaded content online? Well, in 70 per cent of cases, they merely follow YouTube’s automated recommendations. This system determines a massive proportion of human attention.

    Effectively leveraging this attention could help achieve vital advances in climate action across the political spectrum.

    Two per cent for the climate

    In a recent article published in Ethics and Information Technology, we argue that YouTube — the world’s biggest online video library — should tune its recommendation algorithm in a way that favours the mitigation of the climate crisis. We even propose a precise figure: two per cent of recommendations should be selected for their climate content.

    This goal raises a number of critical questions.

    What kind of videos could be recommended? Educational videos on climate change are clear candidates, but so are conferences by climate activists, as well as content that encourages viewers to mobilize or change their behaviour, for example by promoting public transport, plant-based cooking or climate demonstrations. The two per cent figure is a proposal, not a dogma. It’s far from invasive, but it’s still significant.

    Another fundamental question is: who decides which videos are good for the climate? From the Intergovernmental Panel on Climate Change to relevant non-governmental organizations to video hosting platforms themselves, there are potential avenues for determining climate-positive content. In any of these cases, transparency will be key to effectiveness.

    Algorithmic recommenders are responsible for a significant proportion of how human attention online is allocated.
    (Shutterstock)

    Ethical analysis of YouTube recommendations

    Firstly, as American researcher Tarleton Gillespie explains in his book Custodians of the Internet, YouTube is already doing moderation, which is a central part of its business. For example, it removes pornographic, violent or illegal content in the name of user safety and well-being, and in accordance to copyright or local laws. Our proposal is merely an extension of these efforts.

    Currently, YouTube’s algorithmic system appears not to be programmed to push relevant content for the climate, which is endangering the viability of climate content creators. Its own researchers report that it instead maximizes user engagement.

    YouTube’s algorithm is extremely powerful. If the platform were to direct some of its users’ attention to pro-climate action content, it would likely go a long way toward boosting awareness and encouraging action on climate change. There is a strong argument to be made for programming the algorithm along these lines. Simply put, a significant potential benefit for us all is possible at relatively little cost.

    Research has also found that YouTube has, in the past, contributed to spreading false information about the climate crisis. A 2024 report found that YouTube earned millions of dollars a year from content that promoted climate denial.

    YouTube says that it won’t show ads on “content that crosses the line to climate change denial.” However, video-sharing platforms have a moral responsibility to also promote information that is factual. This could be done by amplifying climate videos as we propose.

    YouTube’s algorithm may be likened to a librarian who is tasked with deciding how the library’s books are displayed. In the context of the climate crisis, a wise and informed librarian should put forward at least some books on this issue. Online algorithms should be designed less like an attention-grabbing machine and more like a responsible librarian.

    Recommendation algorithms as part of the solution

    Our proposal would likely not be without detractors. For example, would it amount to manipulating users? Our proposal is overtly about influencing people’s attitudes in favour of tackling the climate crisis. But it’s not about imposing specific content on the user, who remains free to choose whether to watch the content. The nudge is very gentle — and hardly all that different from the algorithmic nudges taking place all across the internet.

    Our proposed intervention merely acts on a small fraction of recommendations. No one will force viewers to watch videos with Greta Thunberg, David Suzuki or Michael Mann. On the other hand, if successful, our proposal could help avoid the serious problems that would result from climate inaction.

    In the face of the growing environmental crisis, recommendation algorithms like YouTube’s could help us build climate bridges across political divides, promote action and raise awareness — all essential tools to building a more just future.

    Lê Nguyên Hoang is the President of the nonprofit Tournesol Association, which is mentioned in the paper.
    He is also the YouTube content creator of the Science4All channel, which sometimes produce climate-related videos.
    He was previously a researcher at EPFL, with a salary derived from an AI Safety research grant.

    Martin Gibert and Maxime Lambrecht 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. Online algorithms could help save the planet with just a few small tweaks – https://theconversation.com/online-algorithms-could-help-save-the-planet-with-just-a-few-small-tweaks-240183

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI: Metals & Mining Virtual Investor Conference Agenda Announced for February 12th and 13th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held February 12th & 13th.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER NOW AT: https://bit.ly/3CGh5eQ

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We are looking forward to hosting the Metals & Mining Virtual Investor Conference this week, with a group of OTCQX and OTCQB companies presenting over the course of two days,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Our markets are tailored to meet the needs of today’s resource companies as they look to expand their investor base, and we are proud to support their outreach through the VIC platform.”

    February 12th

    February 13th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    February 11, 2025
  • MIL-OSI: The Cabrach Trust challenges Canadian power giant over Scottish windfarm plan raised in Scottish Parliament

    Source: GlobeNewswire (MIL-OSI)

    • The Cabrach Trust writes to Quebec-based Boralex
    • Canadian firm cited in parliamentary debate on energy projects
    • Plans attract widespread UK national media attention

    MORAY, Scotland, Feb. 10, 2025 (GLOBE NEWSWIRE) — A letter from The Cabrach Trust, a community led project, in the Scottish Highlands to Canadian energy giant Boralex about its plans for a new windfarm have been raised in a Scottish Parliament debate about the impact of energy projects.

    The debate last month (January 22) was led by Conservative MSP Douglas Lumsden who mentioned the Boralex project after stories appeared in major UK newspapers the previous weekend about a letter sent to company bosses from the local regeneration trust.

    Quebec-based Boralex hopes to develop the Clashindarroch Extension scheme in The Cabrach area of the Scottish Highlands to build 22 wind turbines and a battery energy storage facility. The area already has 78 turbines operational within a six miles radius, and a further 21 consented.

    Boralex, which last year posted revenues of CA$1.02bn (£580m) but has recently announced quarterly losses of CA$14 million (£7.9 million), took over the project when it acquired the UK interests of European energy company Infinergy in July 2022. It has now formed a joint venture with site owner Dr Christopher Moran, the London-based businessman and Conservative Party donor.

    Last year, The Cabrach Trust, the charity established in 2013 to safeguard the fragile community and preserve its cultural heritage, wrote to Boralex Chief Executive Patrick Decostre, and has now written to Boralex’s UK Country Director, Esbjorn Wilmar, to seek further clarification about the company’s commitment to corporate social responsibility and community engagement.

    In his letter to Mr Wilmar, Cabrach Trust Chief Executive Jonathan Christie wrote: “We feel strongly there is acute over-provision of wind turbines around our remote and fragile community, and further expansion, such as planned by Boralex, is at odds with our ambitions to regenerate the area in a way which is sensitive and in harmony with its landscape, community, and history.”

    The company’s environmental mission statement promises to “foster an open dialogue with our host communities, listen to their concerns and take them into account in our environmental response.”

    In October, Scotland’s Deputy First Minster, Kate Forbes, inaugurated the The Cabrach Trust’s £5m Cabrach Distillery & Heritage Centre, part a wider programme of community regeneration initiatives.

    The MIL Network –

    February 11, 2025
  • MIL-OSI United Kingdom: Cyber scaleup Goldilock expands Wolverhampton hub to support rapid growth

    Source: City of Wolverhampton

    Goldilock is a UK based cyber security scaleup which has developed a unique network isolation and segmentation device that ringfences networks away from the internet to make them inaccessible to hackers. Over the past year, FireBreak has won Goldilock a place on multiple accelerators including the prestigious NATO DIANA programme and the MoD’s Defence and Security Accelerator (DASA). FireBreak’s applications for critical networks and sensitive data mean the product is being used by organisations responsible for critical national infrastructure (CNI) globally including the Ukrainian Cyber Command, as well as in sectors such as financial services, healthcare and manufacturing. Goldilock fuelled its growth in 2024 through expanding its channel partner programme, and now collaborates with over 50 partners across 18 countries in Europe, while the company’s headcount in the West Midlands hub has doubled over the course of the year to support a rapidly expanding customer base.

    The West Midlands region, with its burgeoning community of forward thinking businesses and access to a talented pool of cybersecurity professionals, provides an ideal foundation for Goldilock’s continued success. FireBreak’s applications for defence and deployment by large UK CNI companies means Goldilock’s facilities in the West Midlands have been officially vetted by both NATO and UK security regulators. Now, as Goldilock scales up and moves from R&D and prototyping to large scale manufacturing to meet the global demand for FireBreak, it has chosen to re-invest in the West Midlands by expanding its facilities and continuing to conduct all manufacturing in its new dedicated space in the University of Wolverhampton Science Park.

    Anticipating continued growth over the next few years, Goldilock expects to increase the team to 32 employees by the end of 2025 and forecasts that it will be able to create 44 new jobs in the area between now and the end of 2027, the majority of which will be engineers to help service customer orders for FireBreak as they continue to grow in size and number.

    Stephen Kines, co-founder and COO of Goldilock, said: “We are thrilled to expand our capability to meet the large scale orders we have coming in and in doing so further strengthen our ties with the tech community in the West Midlands.

    “With sophisticated ransomware and AI powered attacks on a continuous rise, paired with the increasing interconnectedness of systems, Goldilock’s technology provides a critical, foundational layer of defence. The West Midlands offers us an invaluable hub for innovation, providing access to a diverse pool of talented tech professionals and a supportive business environment from which we can continue to grow the business and get our critical product to where it’s needed most, as quickly as possible.”

    Sharon Thompson, Deputy Mayor of the West Midlands, added: “We warmly welcome Goldilock’s commitment to growing its pioneering cyber security business in the West Midlands.

    Goldilock is helping to strengthen our manufacturing supply chain and create new jobs for local people.”

    City of Wolverhampton Council Leader, Councillor Stephen Simkins, said: “Goldilock’s expansion is a testament to the City of Wolverhampton’s growing appeal as a destination of choice for ambitious tech firms, with an extensive R&D network, deep pool of specialist talent and proximity to the region’s end to end manufacturing supply chain.

    “We’re very proud that Goldilock chose to call the University of Wolverhampton Science Park home and look forward to supporting their continued growth, while encouraging many more tech firms to make the most of the valuable opportunity presented by our Green Innovation Corridor.”

    MIL OSI United Kingdom –

    February 11, 2025
  • MIL-OSI United Kingdom: Suspended prison sentence for illegal waste activity

    Source: United Kingdom – Government Statements

    A man has appeared at court for failing to clear an illegal waste site for the second time – and operating another one in Middlesbrough.

    The image shows large piles of waste at the illegal Owens Road site.

    In a prosecution brought by the Environment Agency, Martin Hindmarsh, 38, of High Street, Stokesley, appeared at Teesside magistrates’ court on Tuesday 4 February.

    He admitted he was in contempt of court for the second time for failing to comply with a court order to clear waste from an illegal site at Tame Road, in Middlesbrough.

    He had also previously pleaded guilty on 19 November 2024 to operating another illegal waste site at Owens Road, also in Middlesbrough, which he was doing during the investigation and prosecution in relation to the Tame Road site.

    For the illegal waste site, he was sentenced to 18 weeks in prison, suspended for 18 months, with 15 rehabilitation activity requirement days and 250 hours of unpaid work. He was also ordered to pay costs of £7,506.60.

    For the contempt of court, he was fined £5,000 and told he must clear the site or expect to be back before the court.

    The image shows the piles of waste still present at the illegal Tame Road site.

    ‘Determined to tackle waste crime’

    Gary Wallace, area environment manager for the Environment Agency in the North East, said:

    We are determined to tackle waste crime that is blighting our communities, and continue to take action against those involved.

    Hindmarsh has shown a complete disregard for the law in relation to both of the sites he has operated in Middlesbrough, and we’re pleased this has been recognised by the court.

    Trying to bypass environmental laws for financial gain can ultimately end up being significantly more costly.

    The court heard that Hindmarsh, the director of B8 Waste Services Ltd – which was ultimately dissolved in October 2023 – started renting an industrial unit at Owens Road in December 2022.

    In June 2023, both Cleveland Fire and Rescue Service and the Environment Agency received information about a large amount of waste on the site.

    Officers from both organisations attended the site together and saw it filled with waste, including fridges and freezers, wood, metal, mattresses and gas canisters, all stored in one big pile causing a fire hazard.

    Hindmarsh, who was on site, said he did not have an Environment Agency environmental permit, which is required to operate a waste facility.

    He was given a notice that required him to stop operating the site with immediate effect and to remove all waste by 14 July 2023. He was also asked for his waste transfer notes, which are a legally required document that record the movement of waste between one place and another.

    The image shows illegal waste at the Owens Road site.

    Checks on illegal site

    On 14 July, the Environment Agency returned to the site to assess whether waste had been removed, and while the unit was shut, they found there was an increase in waste stored outside of the unit.

    In August, a further visit confirmed the amount of waste on site had increased.

    In December, the Environment Agency wrote to Hindmarsh requesting that all waste transfer notes for waste that left the site between 1 July and 20 December 2023 were provided by 29 December 2023.

    In February the following year, officers met with Hindmarsh on site. While the majority of waste had been removed, there were still around 40 fridge freezers remaining. Hindmarsh also provided the waste transfer notes this month, six weeks after the December deadline.

    At the Tame Road site, in July 2023, Hindmarsh and his other company, B8 Waste Management Limited, were fined and ordered to pay costs totalling almost £26,000 when they appeared at Teesside magistrates’ court. Hindmarsh was ordered to clear the site of waste by 31 December 2023, and disqualified from being a company director for two years

    In July 2024, he appeared in court again where he admitted contempt of court for failing to clear the site by the deadline. He was fined £2,500 and ordered to pay costs of £2,750.

    He indicated he would clear the site within two months, but checks by Environment Agency officers in August and November revealed the waste was still on site. Waste was also still present during a final visit by officers on the day of sentencing – 4 February 2025.

    In mitigation, the court heard that Hindmarsh had cleared the Owens Road site and had recently borrowed money to clear the Tame Road site, and expected it to be cleared in the next week. It was added that his family would suffer if sent to prison. 

    People can report waste crime to the Environment Agency on its incident hotline: 0800 807060

    Background

    Full charge

    Between 7 June and 2 February 2024, Hindmarsh operated a regulated facility, namely a waste operation for the recovery or disposal of waste, except under and to the extent authorised by an environmental permit.

    Contrary to regulations 12(1)(a) and 38(1) Environmental Permitting (England and Wales) Regulations 2016.

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    Published 10 February 2025

    MIL OSI United Kingdom –

    February 11, 2025
  • MIL-OSI United Kingdom: Norwich City Council celebrates National Apprenticeship Week!

    Source: City of Norwich

    Published on Monday, 10th February 2025

    National Apprenticeship Week is a week-long celebration of apprentices, highlighting the positive impact that apprenticeships make to individuals and organisations across the country.

    With the national campaign now in its 18th year, Norwich City Council is proud to once again celebrate the invaluable contribution apprentices make to its workforce, helping to deliver essential public services to the residents across the city.

    The authority boasts that Since 2018 more than 18 apprenticeships have been completed, with another 12 currently ongoing. Qualifications range from NVQ level 2 to level 6 (or equivalent) in a variety of disciplines, including:

    • Business administration.
    • Civil engineering.
    • Procurement.
    • Accountancy.
    • Human resources (HR).
    • Software development.
    • Customer Service.

    Meanwhile, the council’s retention rate is an equally impressive 72%, demonstrating that the apprentices choose to stay on and progress within the authority, even after they have completed their course.

    This mirrors the picture nationally, with studies showing that 80% of employers report higher staff retention due to apprenticeships and 92% of employers seeing a boost in workforce motivation and satisfaction.

    Councillor Mike Stonard, leader of Norwich City Council said: “As a council we are very proud of our apprentices and the work they do for us, not only do apprenticeships offer fantastic opportunities for young people in the local area to kickstart their careers, but it is also a way for our established members of staff to retrain in other disciplines, should they wish to.”

    “I would like to encourage more local businesses in the city to take on apprentices, so we can foster a more experienced and qualified workforce which can only help to enrich the local economy further.”

    For more information on the council’s apprenticeships – and news of vacancies as they become available, please visit www.norwich.gov.uk/apprenticeships

    MIL OSI United Kingdom –

    February 11, 2025
  • MIL-OSI: RUBIS: Transactions carried out within the framework of the share buyback programme (excluding transactions within the liquidity agreement) – 3 to 7 February 2025

    Source: GlobeNewswire (MIL-OSI)

    Paris, 10 February 2025, 06:00pm
      

    Issuer Name: Rubis (LEI: 969500MGFIKUGLTC9742)
    Category of securities: Ordinary shares (ISIN: FR0013269123)
    Period: From 3 au 7 February 2025

    Upon the authorisation granted by the Ordinary Shareholders’ Meeting held on 11 June 2024 to implement a share buyback program, the Company carried out, between 3 to 7 February 2025, the repurchases of its own shares in order to transfer them to employees and/or corporate officers of the Company and/or companies related to it in the context of a shareholding plan.

    Aggregate presentation per day and per market:

    Name of issuer Identification code of issuer (Legal Entity Identifier) Day of transaction Identification code of financial instrument Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares * Market
    (MIC Code)
    RUBIS 969500MGFIKUGLTC9742 03/02/2025 FR0013269123 2,000 24.5936 AQEU
    RUBIS 969500MGFIKUGLTC9742 03/02/2025 FR0013269123 10,000 24.6277 CEUX
    RUBIS 969500MGFIKUGLTC9742 03/02/2025 FR0013269123 2,000 24.6088 TQEX
    RUBIS 969500MGFIKUGLTC9742 03/02/2025 FR0013269123 21,827 24.6310 XPAR
    * Four-digit rounding after the decimal TOTAL 35,827 24.6268  

    Detailed presentation per transaction:

    Detailed information on the transactions carried out from 3 to 7 February 2025 is available on the Company’s website (www.rubis.fr) in the section “Investors – Regulated information – Share buyback programme”.

      Contact
      RUBIS – Legal Department
      Tel. : + 33 (0)1 44 17 95 95

    Attachment

    • RUBIS: Transactions carried out within the framework of the share buyback programme (excluding transactions within the liquidity agreement) – 3 to 7 February 2025

    The MIL Network –

    February 11, 2025
  • MIL-OSI: Sapphire Technologies and Tulip Compression Private Limited Join Forces to Advance Clean Energy in India

    Source: GlobeNewswire (MIL-OSI)

    CERRITOS, Calif., Feb. 10, 2025 (GLOBE NEWSWIRE) — Sapphire Technologies, a leader in energy recovery systems for hydrogen and natural gas applications, has announced a strategic expansion into India with its partnership with Tulip Compression Private Limited (TCPL), a prominent provider of energy solutions in the region’s natural gas industry. Together, the companies aim to deploy Sapphire’s FreeSpin® In-line Turboexpander (FIT) technology to India, addressing critical energy infrastructure challenges while advancing the country’s clean energy ambitions.

    As India’s natural gas sector continues to expand, with over 24,000 kilometers of pipelines supporting industrial growth, the need for sustainable solutions has never been greater. By leveraging Sapphire’s cutting-edge FIT technology and TCPL’s extensive industry expertise to transform pressure regulation stations into clean energy assets — the two companies have outlined an ambitious plan to deploy over 150 FIT systems across India in the coming years, which could result in a total reduction of 300,000 CO2e per year, marking a significant impact in advancing India’s decarbonization goals.

    “Partnering with Tulip Compression Private Limited is an exciting milestone as we expand into one of the world’s most dynamic energy markets,” said Freddie Sarhan, CEO of Sapphire Technologies. “India’s growing natural gas sector offers immense opportunities to deploy FIT technology, addressing inefficiencies while driving sustainability and economic growth. Together with TCPL, we aim to create a significant impact on India’s journey towards a cleaner energy future.”

    “Deploying state-of-the-art FIT technology in the Indian market for energy recovery shall significantly contribute to cost efficiency across the ecosystem,” said Rajkumar Sachdeva, Director of Tulip Compression Private Limited. “This partnership marks a pivotal moment for the industry, as we integrate innovative solutions to meet India’s clean energy aspirations. By addressing challenges across key industrial sectors like steel and fertilizer production and the expanding City Gas Distribution network, we are creating opportunities to deliver both environmental and economic benefits to the natural gas ecosystem.”

    By harnessing energy that would otherwise be wasted, the collaboration seeks to enhance operational efficiency, strengthen infrastructure, reduce carbon emissions, and create new revenue opportunities for gas companies. This deployment not only reflects the scale of their commitment but also highlights the potential to create local jobs and promote broader clean energy adoption. With the success of this initiative, the partnership is poised to expand into neighboring South Asian markets, further advancing Sapphire’s mission to drive global decarbonization.

    About Sapphire Technologies
    Sapphire Technologies is driving global decarbonization through developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity. Sapphire Technologies’ systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, Sapphire Technologies helps customers maximize efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and achieve substantial financial returns. For additional information visit: https://www.sapphiretechnologies.com.

    About Tulip Compression Private Limited
    Tulip Compression Private Limited (TCPL) is a leading solution provider in the energy sector, with its origins rooted in the natural gas industry. Steered by a management team with over 20 years of experience, the company has earned the trust of the industry through its unwavering commitment to product safety and operational efficiency. TCPL’s expertise includes packaging of reciprocating equipment, lifecycle equipment maintenance, consulting in the energy and related industries, and leveraging AI for diagnostics and monitoring insights. Focused on industrial growth, TCPL emphasizes the principle of ongoing innovation, continually expanding its portfolio with new solutions, such as recent advancements in hydrogen, to meet the evolving needs of the energy sector.

    Media Contact:
    Kite Hill PR
    Lara Schembri Sant
    lara@kitehillpr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3b4f6bab-b352-44ac-bfc2-3db7491d06bc

    The MIL Network –

    February 11, 2025
  • MIL-OSI: EchoSense Quantitative Think Tank Center Expands Global Investment Solutions with Dr. Oliver James Montgomery

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, Feb. 10, 2025 (GLOBE NEWSWIRE) — EchoSense Quantitative Think Tank Center, a leader in the financial technology industry, is proud to announce a significant milestone in its mission to provide innovative, data-driven tools that empower investors to make smarter decisions. This new initiative is designed to strengthen the company’s global presence, enabling EchoSense to offer precision-driven investment solutions tailored to a diverse range of market needs.

    The latest development builds on EchoSense’s commitment to advancing investment strategies by leveraging advanced analytics and market data. By integrating cutting-edge technologies and real-time insights, EchoSense aims to further support investors in navigating increasingly complex market conditions with greater confidence.

    EchoSense’s core strategy is centered on providing users with the most effective tools to maximize returns while minimizing risks. Through continuous innovation, the company ensures that its solutions remain adaptable to shifting market dynamics, enabling both individual and institutional investors to make more informed decisions in any economic environment. The driving force behind this new initiative is the ability to offer highly personalized investment tools, which are designed to cater to the specific needs of various market segments. Whether an investor is focusing on long-term growth, short-term opportunities, or managing a diversified portfolio, EchoSense’s tools ensure that strategies are not only data-backed but also continuously updated to reflect real-time market conditions.

    Founder Dr. Oliver James Montgomery shared his vision for the project:

    “We are excited to take this next step in EchoSense’s evolution. This initiative will significantly enhance our platform, providing our clients with even more advanced tools to simplify investment strategies and optimize their outcomes. Our mission remains focused on empowering investors with the tools they need to succeed in today’s fast-moving financial markets.”

    In addition to enhancing the platform’s technological capabilities, EchoSense continues to prioritize user education. The company offers a wide range of resources, including webinars, guides, and expert consultations, designed to help investors fully understand how to leverage its solutions. By offering ongoing training and support, EchoSense ensures that both novice and experienced investors are equipped to navigate the complexities of the financial world.

    EchoSense’s ongoing product development is designed to provide flexible solutions that cater to the evolving needs of investors. With a commitment to continuous refinement and optimization, the company ensures its products are always aligned with modern investment demands. This commitment to innovation means that EchoSense remains at the forefront of technological advancements in financial tools, constantly integrating feedback and insights from both industry professionals and investors.

    EchoSense also emphasizes collaboration within the investment community. By creating an environment where users can share insights, ask questions, and work together toward common goals, the company is fostering a dynamic ecosystem that promotes long-term growth and success. This collaborative approach, combined with a robust set of educational resources, helps ensure that investors are equipped with the knowledge and tools necessary to leverage EchoSense’s platform effectively.

    The company’s approach also focuses on transparency, ensuring that users can fully understand the models and methodologies behind the tools they use. With an emphasis on clear communication and accessible data, EchoSense enables users to make decisions with confidence, backed by actionable insights.

    Looking ahead, EchoSense is focused on expanding its reach globally, aiming to bring its data-driven solutions to new markets. The company’s dedication to innovation and customer satisfaction positions it as a leader in the financial technology sector, helping investors navigate an increasingly complex landscape with confidence. EchoSense plans to continue its expansion by entering new regions, forging strategic partnerships, and offering even more advanced tools that will allow investors worldwide to optimize their strategies.

    https://www.echosenseai.com/

    The MIL Network –

    February 11, 2025
  • MIL-OSI Global: What you need to know about the new implants to patch up failing hearts – is it really a ‘breakthrough’?

    Source: The Conversation – UK – By John Martin, Professor of Cardiovascular Medicine, UCL

    There are many difficulties in converting any biological research into a medicine that will treat patients. Because of the complexity involved, these difficulties apply especially to translating cell research in the laboratory to a successful treatment for heart failure, where the heart is unable to pump blood around the body properly.

    The definitive treatment for heart failure is a heart transplant – a difficult and costly procedure. Pills are prescribed for the condition, but they only delay death and are not effective in changing the cause of the disease.

    Fifteen to 20 years ago, scientists started enthusiastically exploring the use of heart muscle precursor cells grown in the laboratory to transplant to the failing heart in the hope that they might make new heart muscle. Although results in animal tests were positive, they all failed in humans. Included in the failures was the one that my colleagues and I conducted.

    We’d had success with animal studies and even some positive results in small groups of patients. Buoyed by these results, we organised a randomised controlled trial – the gold standard for medical studies in humans.

    Our study was funded by the European Commission and entailed a massive effort by a large group of researchers across Europe. The result was that the therapy, which entailed injecting bone marrow cells into the heart muscle of patients who had had a heart attack, did not work.

    I was therefore surprised to read recently that an article in Nature on this subject had an enthusiastic reception in the press. It was variously described as “groundbreaking”, “remarkable” and a “major breakthrough”.

    The authors of the article report growing patches of heart muscle in the lab from precursor cells and then applying those patches to the hearts of monkeys that had had an induced heart attack, producing heart failure.

    A woman who’d had a heart attack in 2016 also had the procedure. Three months later, she had a heart transplant, allowing the researchers to analyse her heart.

    As this was the only case of a human receiving this treatment, and the procedure had failed, as the heart was removed from the patient, the title of the Nature article is perhaps too wide in its scope: Engineering heart muscle allografts for heart repair in primates and humans.

    It is noted that a senior author of the article declares that he has shares in the company that will commercialise any success. This conflict may have been declared, but it is still a potential conflict.

    Heart arrhythmia

    The article does not discuss previous attempts to use heart muscle precursor cells for treating heart failure in humans. In particular, the pioneering work in Paris of the surgeon Philippe Menasché who in 2003 reported in the Lancet that he had injected heart muscle precursor cells into the myocardium (heart muscle) of a patient with apparent success.

    He then published the results of a study where he repeated the same procedure in a larger group. The study was not successful. Menasché noted that some of the patients suffered from cardiac rhythm abnormalities following the procedure.

    There was much discussion in the field that the junctions between the transplanted cells and the patient’s own heart muscle cells might give rise to abnormal electrical activity that would unpredictably produce potentially fatal heart rhythm change.

    Because of the history of failure of cell therapy in human trials after positive tests in lab animals, the objective reader should regard results from animal experiments with scepticism.

    John Martin received funding from the European Commission for the BAMI trial.

    – ref. What you need to know about the new implants to patch up failing hearts – is it really a ‘breakthrough’? – https://theconversation.com/what-you-need-to-know-about-the-new-implants-to-patch-up-failing-hearts-is-it-really-a-breakthrough-248788

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: Ecuador election heads to runoff – Indigenous movement now holds key to the outcome

    Source: The Conversation – UK – By Malvika Gupta, DPhil Candidate in the Department of International Development, University of Oxford

    Ecuador’s presidential election will go to a second round after the current president, Daniel Noboa, and the candidate for the left-wing Revolución Ciudadana (RC) party, Luisa González, received nearly identical shares of the vote.

    After more than three-quarters of the ballots had been counted, Noboa led the 16 candidates with 44.6% of the vote – short of the 50% needed to win outright. González trailed with 44.02%. A run-off to decide the winner is scheduled to take place in April.

    The election, which saw voters head to the polls for the third time in four years, took place against the backdrop of violence. Under Noboa’s two predecessors, who like him entered office with a neoliberal agenda, Ecuador became a narco-trafficking hub.

    It now has one of the highest homicide rates in the world. This fact was laid bare by the 2023 assassination of Fernando Villavicencio, one of the candidates in the snap presidential election called that year when the former president, Guillermo Lasso, dissolved congress in an attempt to escape impeachment.

    Noboa defeated González in an October 2023 runoff vote to see out Lasso’s term and then declared an “internal armed conflict” against criminal groups. He believed the only way to stop his country becoming a “narco-state” was with a hardline crackdown on organised crime groups.

    But the militarisation of Ecuador’s streets and prisons has led to serious human rights violations by security forces. In late 2024, for example, four Afro-Ecuadorian boys died in the coastal town of Guayaquil after being detained by the military. Human rights groups say this case has prompted a shift in public attitudes to Noboa’s war on the gangs.

    The rampant violence has been compounded by an energy crisis. Rolling blackouts instigated by a severe drought have raised questions about under-investment in Ecuador’s energy sector.

    A raid on the Mexican embassy in capital city Quito in April 2024 led to the detention of Ecuador’s fugitive former vice-president Jorge Glas. This has prompted concern about Noboa’s lackadaisical attitude towards international law.

    The result of the latest election was narrower than many polls had predicted. This suggests that the second round will be hard to call. But there are signs that the Ecuadorian left-wing, which has been divided for more than a decade, could be set to rally around González’s candidacy.

    A key reason for the spate of neoliberal presidents in Ecuador is the division between those supportive of the country’s former leftist leader, Rafael Correa, who led the country from 2007 to 2017, and those who oppose him.

    Indigenous voters, who make up roughly one-quarter of Ecuador’s electorate, helped Correa first come to power. And his government was successful in reducing extreme poverty and economic inequality.

    But conflict soon arose over his policies to fund social services through the extraction of natural resources. In 2012, Correa accused the country’s main Indigenous organisation, Conaie, of trying to destabilise Ecuador by protesting against mining plans.

    Correa also alienated Ecuador’s Indigenous movement by dismantling their hard-won intercultural bilingual education system in favour of mining revenue-funded education, as well as attempting to take control of water resources away from individual communities and give it to a new state agency.

    In response to protests, Correa’s government prosecuted Indigenous leaders, saying they were saboteurs and terrorists. So, since 2017, many Indigenous voters have combined with the right-wing to keep RC from power. The RC candidate has lost the last two elections despite entering the second round because they did not have the Indigenous vote.

    To break this impasse, RC participated in a dialogue with various left-wing parties, including the Indigenous-aligned Pachakutik political movement, to forge a unified electoral alliance for the 2025 election. These efforts did not result in a joint presidential bid. But they did lead to two favourable outcomes for the Ecuadorian left-wing.

    RC and Pachakutik agreed a pact not to attack each other or the smaller left-wing candidates during the election campaign. And they also pledged to consider supporting the candidate of the other party should they reach the second round.

    But this will, among other things, depend on how they manage their divergent positions on extractivism. RC sees the extraction of natural resources as one of the main economic pathways for Ecuador, while Pachakutik remains staunchly opposed.

    González has said she wants to accelerate the transition to clean energy, but has also recognised the importance of oil and gas to Ecuador. She supported the “no” vote during the 2023 referendum where Ecuadorians voted to halt oil drilling in the Yasuní national park, arguing that exploration should continue in the area.

    Pachakutik, on the other hand, seeks a post-extractive economic transition. The campaign of Pachakutik’s presidential candidate, Leonidas Iza, proposed boosting national agricultural and industrial production as an alternative to extractive capitalism. Iza envisions an economy based on harmony between humans and nature.

    A plurinational tide?

    Another area where RC and Pachakutik diverge is in their vision of plurinationality. Ecuador became the first country in the world to define itself as “plurinational” in 2008, adopting a new constitution that acknowledged the rights of nature as well as strengthening rights for Ecuador’s Indigenous peoples and other marginalised groups.

    But, since then, the application of plurinationalism has faced major obstacles – not least because of the commitment of successive governments to resource extraction.

    Pachakutik’s plurinational ethos was reflected in Iza’s election campaign. It featured images of a poncho-sporting Amazonian capybara threatened by extractivism, as well as rap songs of support by Afro-Ecuadorians living in coastal city slums. Plurinationalism was absent from – or certainly not central to – the electoral campaigns of most other candidates.

    Ecuador’s Indigenous movement will probably determine who becomes Ecuador’s next president. Whether or not RC will now take plurinationalism seriously and forge an alliance with Pachakutik remains to be seen.

    Malvika Gupta 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. Ecuador election heads to runoff – Indigenous movement now holds key to the outcome – https://theconversation.com/ecuador-election-heads-to-runoff-indigenous-movement-now-holds-key-to-the-outcome-248974

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years

    Source: The Conversation – UK – By Ben Purvis, Research Associate, Sustainability Assessment, University of Sheffield

    Most of this fuel is currently made from used cooking oil. Scharfsinn / shutterstock

    The UK chancellor, Rachel Reeves, has described so-called sustainable aviation fuel (SAF) as a “game changer”. As she announced government support for a series of airport expansions, she said that the fuel “can reduce carbon emissions from flying by 70%”.

    This number is misleading. Optimistic estimates do suggest that fully replacing fossil jet fuel with its sustainable alternative could lead to total savings of around 70%. But it will be hard to produce enough SAF to make a difference on that sort of scale. Even if the UK meets its ambitious targets, an annual saving of 7% by 2030 is more plausible.

    SAF is synthetic liquid fuel derived from something other than fossil fuels. These inputs have to be processed into a liquid that can be burned safely while also storing a lot of energy for its weight, since minimising weight is crucial. This is why long-haul electric battery-powered planes are unlikely to take off any time soon.

    The UK classifies three major pathways for creating sustainable aviation fuel. It can be derived from oils or fats, including used cooking oil or tallow. It can come from other sorts of material, such as municipal solid waste, agricultural residues, or sewage. Or it can be made from hydrogen and captured carbon using renewable electricity.

    SAF can also be produced from bioenergy crops, and products such as palm oil. However the UK won’t certify it as sustainable, due to concerns about land use and impacts on wildlife.

    Emissions that would have occurred anyway

    Burning SAF actually emits a similar amount of CO₂ to fossil jet fuel. Instead, most savings come from how we account for the waste and renewable energy that is used to produce it.

    Waste emits greenhouse gases anyway, sustainable fuel supporters argue. So why not have those emissions do something useful, like power a plane?
    Jenya Smyk/shutterstock

    SAF fundamentally relies on assumptions that if waste or energy crops were not used to make this fuel, they would be incinerated, would degrade, or would in some way release their embodied carbon anyway. In the case of fuel derived from renewable energy and captured carbon, it assumes that carbon came from the atmosphere in the first place. This allows these emissions to be deducted from the total impact of SAF, leading to lower emissions than conventional aviation fuel.

    Is sustainable aviation fuel even sustainable?

    Estimates of how much greenhouse gas SAF could cut vary greatly due to the many different ways it can be produced, and the complexities of accounting for emissions across the entire life cycle from waste, to fuel production, to plane engine. A 2023 review by the Royal Society illustrates this nicely. It found SAF could at best produce effectively negative emissions (a 111% reduction), while at worst it could be more carbon intensive than fossil kerosene jet fuel (a 69% increase).

    While policy incentives are likely to encourage increased production, there remain serious concerns that will need to be addressed before SAF can become a serious competitor for conventional jet fuel. There are hard limits to the amount of used cooking oil available for instance, and the use of other feedstocks is still in its infancy.

    Meanwhile any renewable energy used to make the fuel will have to compete with growing demand from electric vehicles, AI data centres and more. And there are big worries the industry simply won’t be profitable enough to attract initial capital investment, let alone take on its well-established rival.

    UK SAF production

    Coming into effect in January, the UK’s SAF mandate sets legal obligations for aviation fuel suppliers in the UK to progressively increase proportions of sustainable fuel, from 2% of total jet fuel in 2025 to 10% in 2030, and 22% in 2040.

    This is one of a growing number of commitments globally, including RefuelEU, and the US SAF grand challenge, which seek to increase demand and encourage more investment in production.

    As of 2023, 97% of the UK’s supply is derived from used cooking oil, with the rest from food waste. Only 8% of this cooking oil is sourced from the UK, with most being imported from China and Malaysia. The UK also comprises 16% of the global SAF market, despite representing only 1% of total passengers.

    Currently, the only commercial producer of SAF in the UK is the Phillips 66 Humber Refinery which processes used cooking oil. The previous government allocated £135 million of funding to nine projects, aiming to have five plants under construction by 2025. Despite several projects selecting sites, at the time of writing none appear to be under construction.

    In an industry with razor-thin profit margins, SAF remains considerably more expensive than conventional aviation fuel. With potential producers filing for bankruptcy and companies including Shell pulling out due to profitability concerns, the market is looking rocky.

    A 7% saving is more plausible

    Let us assume that Rachel Reeves’ 70% saving is deliverable if fossil jet fuel was fully replaced with SAF. That’s optimistic in itself, but not beyond the realms of possibility.

    Getting hold of that much sustainable fuel is less plausible, however – the total demand for jet fuel in the UK is more than ten times the current global production of SAF. But let’s assume that the rocky global market can deliver the UK’s ambitious demand of 10% SAF use by 2030.

    Reeves’ figure then becomes an optimistic value of 7% savings across the UK industry. If we then correct for anticipated growth of passenger numbers, assuming plans for airport expansion, those savings are likely to vanish.

    While SAF has a role to play in decarbonisation, growth sits in clear opposition to its impacts and potential. If the UK has any hope of meeting its climate targets, it should instead be seeking alternatives to flying where possible.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    Ben Purvis receives funding from the Grantham Foundation for the Protection of the Environment.

    – ref. There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years – https://theconversation.com/there-isnt-enough-sustainable-aviation-fuel-to-make-a-dent-in-our-emissions-and-there-wont-be-for-years-249270

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: ‘We’d just switch everything off’: six in ten social housing tenants go without essentials to pay rent

    Source: The Conversation – UK – By Paul Hickman, Professor of Housing and Social Policy, Sheffield Hallam University

    Shutterstock

    The social housing sector in England houses 4 million tenants (16% of the country’s households). The sector is home to some of the UK’s most vulnerable and poorest households, and paying rent is one of the biggest challenges they face. If they do not pay, they risk being evicted from their homes.

    Recent research we carried out for the Nuffield Foundation highlights the difficulties many tenants face paying their rent, and the sacrifices they have to make to do so.

    We surveyed more than 1,200 tenants across 15 neighbourhoods in England, and found that 9% were in rent arrears. However, this figure dramatically underestimates the number of tenants who were finding it difficult to pay their rent: 61% had gone without essentials, such as food and heating, in order to pay it in the last year.

    The financial situation of tenants has become more difficult in recent years due to a combination of cost-of-living increases, including rapidly rising food and energy prices, and real-term reductions in salary due to increasingly precarious employment. Some 43% of tenants we surveyed regularly ran out of money before their next wage or benefit payment.


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    In-depth interviews revealed that many tenants ran out of money before their basic needs (rent, household bills, food, clothing and travel to work or school) had been met. In these cases, they had to make difficult decisions, sometimes choosing between paying their rent – the highest priority payment for most – or meeting other basic needs.

    Nearly half (46%) of tenants had made the difficult decision to cut back on their heating expenditure so they could pay their rent. Tenants reported turning off appliances and using hot water sparingly:

    “I had to turn the heating off today. As the last bit of money I had was used to buy packed lunch things for my daughter for school.”

    They reported a range of strategies for keeping warm without using their gas or electricity, including sitting in sleeping bags, wearing thermal clothing and thick jumpers indoors, covering themselves with blankets and fleeces and using hot water bottles.

    Those who did use their heating reported putting it on for just one hour. One woman with a seven-month-old baby reported using the “heating minimal, mainly at night when the temperatures really drop, so I just keep him wrapped up usually.”

    Tenants also reported using their electricity minimally, not watching television, boiling the kettle if I need to do the washing up and sitting with the lights off:

    “[We] switch everything of … We would switch the TVs off … We’d just switch everything off as much as we could. We wouldn’t use the lights. We’d just use the torches on our phones.”

    ‘One meal a day’

    Some 43% of tenants reported that they had cut back on their food spending in order to pay their rent. Some reported that they skipped meals – “I eat I’d say one meal a day at teatime,” – or not eating adequately, for example, eating insufficient portions or toast in place of an evening meal.

    One woman reported going without meals at one point in order to pay rent: “I’d sooner do without food myself to do the council [rent] cos they’re on your back.”

    Tenants reported running out of money for food or replacing substantial cooked dinners with snacks:

    “Well, I used to do myself a proper meal every evening, but now I just do it two times a week … and I have beans on toast or something like that.”

    There were also many examples of participants doing without nutritious food because it was more expensive than processed food. These tenants were very aware of the lower nutritional value of the food they were buying and lamented not being able to afford the fresh food they preferred.

    This included pregnant women and people with children, for whom nutritious food is particularly important. Recognising this, some talked about buying healthier food for their children than for themselves when they could.

    Participants in our study reported that they bought unhealthy processed foods because they could not afford fresh food.
    1000 Words/Shutterstock

    National income and tenancy standards

    Our research shows that most tenants are committed to paying their rent, prioritising it at a cost to their and their family’s health and wellbeing. Only by improving tenants’ financial circumstances will the situation change.

    One step towards this would be for the government to endorse the minimum income standard, a level of income that allows people to “thrive” and not merely “survive”. The government should use this standard to determine benefit rates and the national minimum wage, alongside measures to provide people with greater job security.

    Our research has shown that many tenants have only been able to sustain their tenancies by going without. But can we really say someone is sustaining their tenancy, if their home is cold and damp because they cannot afford to heat their homes? They are using mobile phones torches for lighting? They are skipping meals?

    Social housing landlords must rethink how they understand tenancy sustainment. It shouldn’t just be about how long tenants stay in a property, but about the quality of their life while in it.

    The research discussed in this article was funded by the Nuffield Foundation. Paul Hickman 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.

    The research discussed in this article was funded by the Nuffield Foundation. Kesia Reeve 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. ‘We’d just switch everything off’: six in ten social housing tenants go without essentials to pay rent – https://theconversation.com/wed-just-switch-everything-off-six-in-ten-social-housing-tenants-go-without-essentials-to-pay-rent-248618

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: What public-private-partnership scandals can tell us about wrongdoing in the water industry

    Source: The Conversation – UK – By Daniel Fisher, Assistant Professor in Management, University of Sussex

    Jory Mundy/Shutterstock.com

    Water bills are going up in England and Wales, even after the series of scandals around water companies. Last year water firms paid £158 million in fines following a record-breaking number of sewage dumps in rivers and seas.

    Severn Trent Water and United Utilities alone reportedly made 1,374 illegal sewage spills over two years. (Both companies took issue with the analysis that led to this figure but acknowledged concerns about sewage discharges.)

    There have been other notable incidents. Whistleblowers have told of water companies that fail to treat legally required amounts of sewage and divert that sewage to public waterways. To add to the disgrace, water companies have generally failed to invest enough in the UK’s water infrastructure.

    Research suggests that governments have been pressured to become more “business-like”. This has given rise to the use of public-private partnerships (PPPs) to run important public services, such as water, transport and even prisons. Water companies in England and Wales are private companies that bid for their contracts, while in Scotland, the water provider is a public organisation.

    While other findings show that PPPs can support important public service needs, such as public health, research by my colleagues and I examines a consistent pattern in UK PPP scandals and wrongdoing. Over the past decade and a half, billions of pounds of taxpayers’ funds are unaccounted for. This appears to be largely because private interests have been prioritised over public needs.

    As a researcher of PPP wrongdoing, the reasons for many of the scandals seem obvious. My colleagues and I studied parliamentary inquiries and reports that have scrutinised PPP wrongdoing. This research can tell us a great deal about the UK’s predicament with regard to the failings in the water industry.

    The first lesson is that, in general, many PPPs are motivated actually to reduce the quality of the services they deliver. One parliamentary inquiry found that contracting services out from the public to the private sector had become a “transactional process” where cost-cutting is favoured and the “knock-on cost” to users results in a lower-quality public service.

    Other findings showed that companies regularly reduced the quality of a service to maximise profits. One way was to bid for a public service at a low price. A Public Accounts Committee member observed that companies coming in with low quotes for contracts can end up damaging services by under-investing in them.

    Another example is Sodexo – a private prison management provider. It cut employee numbers by around 200 and a subsequent BBC Panorama documentary detailed escapes and widespread drug use in the prisons they managed and also criticised a lack of safety for both prisoners and prison officers. Sodexo acknowledged the programme had highlighted problems and said it would investigate, but added that there had been “positive actions and improvements” already.

    Similar practices were observed at a children’s prison run by security firm G4S, where an officer was left with brain damage after an attack by inmates. G4S admitted liability for the officer’s injuries and agreed a settlement with him.

    Pay the fine, it’s cheaper

    The second lesson is it can be cost-effective to breach contracts and pay fines. Companies sometimes breach the terms of their public-private contracts because it’s in their economic interest. This even has a name – economists call it “efficiency breach”.

    For instance, a parliamentary report found that between 2010 and 2016 G4S was fined 100 times for breaching contracts – paying out roughly £3 million. As one MP suggested, these fines compared to its profits are a “slap on the wrist”. The same has been said of water companies.

    When observing the fines in comparison to the profitable contracts, it’s easy to posit what the motivations of many in the UK’s public service system are. In 2017, despite previous indictments of wrongdoing, G4S won £25 million of government contracts.

    In 2020 the firm won another £300 million contract to run Wellingborough “mega-prison” in England. Despite some raised eyebrows, G4S said at the time it aimed to make the site a blueprint for “innovation, rehabilitation and modernisation” in the prison service.

    Pay the shareholders, invest later

    The third lesson is that shareholders are more important than long-term investments in a service. This is perhaps the most notable feature of the UK’s public service system, where a vast array of shareholders benefit from the profits made by PPPs. In one of the parliamentary reports we analysed, which details the collapse of the facilities management firm Carillion, it was clear that shareholders’ interests trumped good management and long-term investment.

    As was noted in the report, despite Carillion’s collapse, the firm paid out £333 million more to shareholders than it generated in cash between 2012 and 2017. Often, this shareholder primacy can even go against a firm’s own employees rather than just the state and taxpayers. One MP noted that despite its pension scheme being in deficit, shareholders were still receiving dividends.

    Often, shareholders are prioritised because of short-term thinking. These processes can lead to firms passing these bad practices down their supply chains.

    The behaviour of water companies is suggestive of these dynamics. Since water companies have been privatised, they have loaded themselves up with debt (£64 billion) but paid out £78 billion to shareholders. Some 70% of these shareholders are “foreign investment firms, private equity, pension funds and businesses lodged in tax havens”.

    Water companies could give the UK’s rivers, estuaries and seas representation at board level.
    jimcatlinphotography.com/Shutterstock

    So what should be done? There are plenty of ways to enhance and improve the UK’s PPP problems. The most obvious may be to renationalise public services and renew the quality of public services through New Deal-style investments. After all, this is what what most of the UK electorate wants.

    There are other options. An innovative and exciting frontier is opening for businesses to recognise their environmental responsibilities – initiatives in New Zealand, India and Ecuador are giving the status of personhood to rivers and ecosystems, for example.

    Outdoor fashion brand Patagonia has “the Earth” as its only shareholder, and hair and skincare brand Faith in Nature has appointed nature to its board. Imagine if the UK’s water companies had the rivers and seas represented.

    In the end, only time will tell how water companies will be held accountable. But for the moment it’s the UK taxpayer and consumer paying the price.

    G4S was approached about this article but declined to comment.

    Daniel Fisher receives funding from the Leverhulme/British Academy for his work with heritage steam train drivers, which is unrelated to his research on PPP wrongdoing.

    – ref. What public-private-partnership scandals can tell us about wrongdoing in the water industry – https://theconversation.com/what-public-private-partnership-scandals-can-tell-us-about-wrongdoing-in-the-water-industry-249218

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI Global: How the brain can miraculously switch off pain

    Source: The Conversation – UK – By Dan Baumgardt, Senior Lecturer, School of Physiology, Pharmacology and Neuroscience, University of Bristol

    Jack FotoVerse/Shutterestock

    In the second world war, the physician Henry Beecher observed that some of his soldier patients, despite being injured on the battlefield, required no strong painkillers to manage their pain. In some cases, the injury was as severe as losing part of a limb.

    A truly remarkable phenomenon had come into play – the effects of fear, stress and emotion on the brain had switched off their pain. But how does this work – and how can we use it to our advantage?

    We all struggle with pain at times. The burning of indigestion, the wince of a scald from the kettle. The sharp stabbing of a sliced finger.

    But despite its unpleasantness, pain has a critically important purpose, designed to protect the body rather than harm it. A fundamental concept to first understand is that you do not detect pain – it is a sensation. A sensation that your brain has created – from information it receives from the countless neurons (nerve cells) which supply your skin.

    These specialised neurons are called nociceptors – they detect stimuli which are noxious, or potentially damaging to the body. This stimulation might range from a mechanical cut or crush injury, to extreme hot or cold temperatures.

    So, if you touch a hot iron, or stand on a sharp nail, the correct reaction is to move your hand or foot away from it. The brain responds to pain by initiating muscle contractions in your arm or leg. In doing so, any further damage is averted.

    The course of information, rushing along one neuron to another in a relay, is carried as electrical currents called action potentials. These begin at the skin, travel along nerve highways and into the spinal cord. When the information reaches the uppermost level of the brain – the cerebral cortex – a sensation of pain is generated.

    Blocking pain signals

    Many different factors can interfere with this transmission of information – we don’t perceive pain if the route to the cortex is blocked. Take the use of anaesthetics, for instance.

    Local anaesthetics are injected directly into the skin to deactivate nociceptors (like lidocaine) – perhaps in A+E to perform stitches. Other agents induce a loss of consciousness – these are general anaesthetics, for more extensive surgical operations.

    Pain is also a very variable experience. Commonly, we ask patients to quantify their pain by giving a value along a scale of nought to ten.
    What one person would consider a five out of ten pain, another might consider a seven – and another a two.

    Some patients are born without the ability to sense pain – this rare condition is called congenital analgesia. You might think this confers an advantage, but the truth is quite the opposite. These individuals will be unaware of circumstances where their bodies are being damaged, and can end up sustaining more profound injuries, or missing them entirely and suffering the consequences.

    How to trick your brain

    What is more extraordinary is that we all possess an innate ability to control our pain levels. In fact, a natural painkiller is found deep within the nervous system itself.

    The secret lies in a structure located in the very middle of your brain: the periaqueductal grey (PAG). This small, heart-shaped region contains neurons whose role is to alter incoming pain signals reaching the cerebral cortex. In doing so, it is able to dampen down any pain that would otherwise be experienced.

    Let’s consider this in practice using the extreme example of the battlefield. This is an instance where sensing pain might actually prove more of a hindrance than of help. It might hamper a soldier’s ability to run, or assist comrades. In temporarily numbing the pain, the soldier becomes able to escape the dangerous environment and seek refuge.

    But we encounter many examples of this ability coming into action in our everyday routines. Ever picked something in the kitchen that you suddenly realise is extremely hot? Sometimes that casserole dish or saucepan descends to the floor, but sometimes we are able to hold on just long enough to transfer it to the stove-top. This action may be underpinned by the PAG shutting off the sensation of clasping something too hot to handle, just long enough to prevent dropping it.

    The substances which generate this effect are called enkephalins. They are produced in many different areas of the brain (including the PAG) and spinal cord, and may have similar actions to strong analgesics such as morphine. It has also been suggested that long term or chronic pain – which is persistent and not useful to the body – might arise as a result of abnormalities within this natural analgesic system.

    This begs the question: how might you go about hacking your own nervous system to produce an analgesic effect?

    There is growing evidence to suggest that the release of painkilling enkephalins can be enhanced in a variety of different ways. Exercise is one example – one of the reasons why prescribed exercise might be able to work wonders for aches and pains (backache for instance) instead of popping paracetamols.

    Besides this, stressful situations, feeding and sex might also affect the activity of enkephalins and other related compounds.

    So, how could we go about it? Take up strength or endurance training? Alleviate our stress? Good food? Good sex? While more work is needed to clarify a role for these options in pain management, their reward might be greater than we thought.

    Pain remains a complex, poorly understood experience, but the future is bright. Only last month, the FDA approved the use of a new medication Journavx for managing acute pain.

    It works by switching off nociceptors in the peripheral nervous system, and therefore preventing pain signals getting to the brain. This represents a potential new breakthrough in a world which has become dependent on addictive opioid medications, such as morphine and fentanyl.

    Developing new painkilling treatments relies on the work of pain researchers to help unravel the intricate neuronal circuitry and function. There is no denying that this is going to be difficult task. But in considering the neuroscience of how our bodies generate and suppress pain, we can hope to understand how they can act as their own healers.

    Dan Baumgardt 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. How the brain can miraculously switch off pain – https://theconversation.com/how-the-brain-can-miraculously-switch-off-pain-248333

    MIL OSI – Global Reports –

    February 11, 2025
  • MIL-OSI USA: Federal Court Orders Florida Man to Pay Over $7.6 Million for Digital Asset Fraud

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Massachusetts entered a consent order against Randall Crater of Heathrow, Florida. 
    The order requires Crater to pay over $7.6 million in restitution to defrauded victims in connection with his digital asset fraud scheme, with dollar-for-dollar credit for restitution payments to victims in satisfaction of the restitution ordered in a parallel criminal action. The order also imposes a permanent injunction against Crater and bans him from trading in any CFTC-regulated markets, entering into any transactions involving commodity interests or digital asset commodities, and registering with the CFTC. 
    The consent order finds from at least January 2014 through January 2018, Crater, together with other defendants named in CFTC’s amended complaint, operated a digital asset scheme in which they fraudulently offered the sale of a fully functioning virtual currency, My Big Coin, a commodity in interstate commerce. 
    Crater obtained more than $7.6 million from at least 28 customers through fraudulent solicitations, including false and misleading claims and omissions about MBC’s value, use and trade status, and that MBC was backed by gold. He spent the misappropriated money to purchase, among other things, a home, antiques, fine art, jewelry, and other luxury goods.
    The consent order resolves the claims against Crater in the CFTC’s enforcement action against him and co-defendants Mark Gillespie, My Big Coin Pay, Inc., My Big Coin, Inc., John Roche, and Michael Kruger. [See CFTC Press Release 7678-18.] The enforcement action remains pending against the co-defendants.
    The CFTC cautions that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets. The CFTC will continue to fight vigorously for the protection of customers and to ensure wrongdoers are held accountable.
    Parallel Criminal Action
    On Jan. 18, 2022, a grand jury returned an eight-count superseding indictment charging Crater with wire fraud, unlawful monetary transactions, and operating an unlicensed money transmitting business based on the same conduct alleged in CFTC’s amended complaint. [United States v. Randall Crater, No. 1:19-cr-10063-DJC (D. Mass. Jan. 18, 2022)).] Crater was found guilty of those charges on July 21, 2022, and was sentenced to over eight years in prison and ordered to pay $7.6 million in restitution to defrauded customers and to forfeit $7.6 million, which represented the proceeds he received from his violations.
    The CFTC appreciates the assistance of the U.S. Attorney’s Office for the District of Massachusetts, the U.S. Department of Justice Criminal Division’s Fraud Section, and the FBI.
    Division of Enforcement staff responsible for this case are Traci Rodriguez, Jonah E. McCarthy, Patricia Gomersall, Daniel Ullman II, Paul G. Hayeck, and former staff members Jason Mahoney, John Einstman, Kyong J. Koh, and Hillary Van Tassel.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI: SOAX Releases Real-Time Data Extraction for Shopee, Outperforms Other Web Scrapers

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 10, 2025 (GLOBE NEWSWIRE) — SOAX, the leading intelligent data extraction and collection platform, today announced the availability of a new scraper API product to extract data from Shopee, the leading ecommerce platform in Southeast Asia and Taiwan. Initial tests show the new SOAX Shopee Scraper API outperforms other web data scrapers for a fraction of the cost.

    Shopee is one of the most popular ecommerce sites serving Southeast Asia, including Indonesia, Taiwan, Vietnam, Thailand, Philippines, Malaysia, and Singapore, as well as South American markets like Brazil, Mexico, Colombia, and Chile. Real-time access to detailed product, review and pricing data is essential to remain competitive. Web data scraping is the most effective way to monitor ecommerce competitors. It’s also the best way to monitor the minimum advertised price (MAP) to ensure others aren’t underselling your brand. Businesses also analyze scraped reviews to gain valuable insights on how to improve their products.

    The SOAX Shopee Scraper API has been shown to achieve higher success rates at a cost three to six times lower than other solutions. SOAX accesses the Shopee API, gathering all available data rather than just what’s on the web page. The result is a comprehensive view. SOAX uses proprietary, adaptive AI technology to unblock sites using constant fingerprint generation, self-healing proxies, and custom browser builds. And, thanks to SOAX’s vast network of 191 million proxy servers, the Shopee Scraper API is capable of scaling to millions of requests per day for virtually unlimited data gathering. Pricing starts as low as $1 per thousand requests, compared to $3 from the closest competitors.

    “Access to accurate Shopee data is essential for any e-tailer to stay competitive,” said Anton Rachitskiy, Vice President of Data Products for SOAX. “We are delighted to be able to add a Shopee to Amazon, eBay, Etsy, Walmart, and our other ecommerce scraper APIs. Our customers are already benefiting from SOAX’s superior speed and accuracy in web data gathering, along with our highly reliable proxy network boasting 99.9% uptime.”

    Shopee is the latest addition to SOAX’s more than 50 scraper APIs for ecommerce, search engines, and social networks. SOAX also offers sophisticated web unblockers capable of bypassing the most advanced anti-bot systems and residential, mobile, ISP, and datacenter proxies for every need.

    SOAX sells directly to corporate customers through a subscription-based model, providing access to its ethical proxy network, web unblocker, and scraper APIs. Customers can sign up via SOAX’s self-service platform, select a plan, and start immediately. Larger enterprises can opt for custom plans with white glove support. SOAX’s services are API-driven, allowing seamless integration into existing workflows, and its flexible pricing tiers accommodate varying usage needs, location coverage, and feature requirements.

    For more information about SOAX Shopee Scraper API, visit https://soax.com/targets/shopee.

    About SOAX
    SOAX is building the future of data extraction. They provide data-hungry companies with an automated, one-stop platform for accessing web data quickly and ethically. SOAX’s extensive network of nearly 200 million ethically-sourced proxies, combined with powerful scraping APIs, enables businesses to unlock valuable insights in a fraction of the time it takes with traditional methods.

    Recognized as a leader in the proxy market, SOAX prioritizes customer satisfaction through product performance, security, and legal compliance. They’ve earned industry recognition like “Newcomer of the Year” (Proxyway, 2021) and “Contender of the Year” (Proxyway, 2023) for their commitment to innovation and excellence. SOAX is leveraging AI to further enhance its platform and empower businesses with AI-powered data solutions.

    For more information, visit https://soax.com.

    Media Contact

    Len Fernandes
    Firecracker PR
    len@firecrackerpr.com
    1-888-317-4687 ext. 707

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea8828bd-cca5-4d2e-b338-3a73b50ec506

    The MIL Network –

    February 11, 2025
  • MIL-OSI: Coface SA: Disclosure of total number of voting rights and number of shares in the capital as at 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at 31 January 2025

    Paris, 10 February 2025 – 17.45

    Total Number of
    Shares Capital
    Theoretical Number of Voting Rights1 Number of Real
    Voting Rights2
    150,179,792 150,179,792 149,405,017

    (1)   including own shares
    (2)   excluding own shares

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust. You can check the authenticity on the website www.wiztrust.com.
     

    About Coface

    COFACE SA is a société anonyme (joint-stock corporation), with a Board of Directors (Conseil d’Administration) incorporated under the laws of France, and is governed by the provisions of the French Commercial Code. The Company is registered with the Nanterre Trade and Companies Register (Registre du Commerce et des Sociétés) under the number 432 413 599. The Company’s registered office is at 1 Place Costes et Bellonte, 92270 Bois Colombes, France.

    At the date of 31 December 2024, the Company’s share capital amounts to €300,359,584, divided into 150,179,792 shares, all of the same class, and all of which are fully paid up and subscribed.

    All regulated information is available on the company’s website (http://www.coface.com/Investors).

    Coface SA. is listed on Euronext Paris – Compartment A
    ISIN: FR0010667147 / Ticker: COFA

    Attachment

    • 2025 01 31 Declaration SharesVoting Rights

    The MIL Network –

    February 11, 2025
  • MIL-OSI: Alaris Equity Partners Announces Timing of 2024 Q4 Financial Results, Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    CALGARY, Alberta, Feb. 10, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust“) (TSX: AD.UN) is pleased to announce that it will release its year-end results for the period ended December 31, 2024 following the closing of regular trading on the Toronto Stock Exchange Monday, March 10, 2025. Alaris management will host a conference call at 9 am MT (11am ET) the following day, Tuesday, March 11, 2025 to discuss the financial results and outlook for the Trust.

    Participants must register for the call using this link: Pre-registration to Q4 to receive the dial-in numbers and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). Participants can access the webcast here: Q4 webcast. A replay of the webcast will be available two hours after the call and archived on the same web page for six months. Participants can also find the link on our website, stored under the “Investors” section – “Presentations and Events”, at www.alarisequitypartners.com.

    About Alaris

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Private Company Partners“) primarily through structure equity. The principal objective of the structured equity investments is to generate stable and predictable returns for its unitholders through cash distributions and capital appreciation and is complimented with common equity positions which generate returns alongside the founders of our Private Company Partners.

    For further information please contact:

    Investor Relations
    P: (403) 260-1457
    ir@alarisequity.com

    Alaris Equity Partners Income Trust
    Suite 250, 333 24th Avenue S.W.
    Calgary, Alberta T2S 3E6
    www.alarisequitypartners.com

    The MIL Network –

    February 11, 2025
  • MIL-OSI USA: FACT SHEET: Trump Continues to Block Hundreds of Billions of Dollars Owed to Communities Across America

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ***READ FACT SHEET HERE***
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released a new fact sheet detailing how, in his third week in office, President Trump is continuing to block hundreds of billions of dollars in enacted funding from making its way out to families and communities across America who are counting on investments that have been enacted into law. 
    In a statement, Senator Murray said:
    “President Trump is still illegally blocking hundreds of billions of dollars in investments that are owed to communities across the country.
    “The president’s sweeping freeze is causing real pain for people in every part of the country—in red states and blue states and everywhere in between—and it must end right now.
    “The uncertainty alone over the fate of these investments is putting jobs on the chopping block, hurting American businesses left wondering whether contracts they’ve inked mean anything, and jeopardizing entire local economies. What Trump is doing could shutter critical infrastructure projects in virtually every community, kill good-paying jobs, choke off funding for farmers, stop innovation in its tracks, leave massive holes in local communities’ budgets, and so much more.
    “Once again: if Donald Trump or Elon Musk want to gut funding that’s creating good-paying jobs all across America, they can take their case to Congress and win the votes they need to do it. Defying the constitution to unilaterally rip away your tax dollars is not how this works.”
    A table of estimated funding in jeopardy is below. Read the full fact sheet HERE.
    While the extent of Trump’s funding freeze remains uncertain as his administration refuses to clarify what is blocked, here is a non-exhaustive overview of what is frozen by Trump’s actions and in jeopardy:
    Trump Action
    Relevant Agencies
    Select Examples of Affected Programs
    Funding in Jeopardy*
    Executive Order Freezing IIJA & IRA Funding
    Department of Commerce
    High-speed broadband deployment.
    $40+ billion
    (EO 14154)
    Department of Energy
    Efforts to build and upgrade America’s energy infrastructure, lower costs for consumers.
    $98 billion
     
    Department of Housing and Urban Development
    Grants and loans to improve resiliency and energy efficiency of affordable housing.
    $830+ million
     
    Department of the Interior
    Tribal electrification, hazardous fuel reduction, National Parks maintenance and staffing, & more.
    $20+ billion
     
    Department of Transportation
    Funding to upgrade roads, bridges, transit, & more.
    $130+ billion
     
    EPA
    Funds for clean water infrastructure, tackling pollution, Superfund sites, & more.
    $100+ billion
     
    Forest Service
    Wildfire risk reduction, ecosystem restoration, & more.
    $10+ billion
     
    NOAA
    Funding for flood inundation mapping, coastal resilience projects, habitat restoration, ocean observations, fisheries management, & more.
    $1.5 billion
     
    USDA
    Grants for producers and rural small businesses to finance renewable energy projects, for farmers to improve climate resiliency, for watershed protection and flood prevention, rural broadband, & more.
    $25 billion
    Executive Order Blocking All Foreign Assistance (EO 14169)
    Department of State & USAID
    Life-saving aid, funding to monitor and prevent the spread of infectious diseases that can reach our shores,  counterterrorism programs, programs to give U.S. businesses an edge over Chinese and other companies in foreign markets, funds owed to U.S. businesses for services rendered, & more.
    $30 billion
    Executive Order Halting Funding for Anything Deemed “DEI” (EO 14151)
    All agencies
    Any programs or expenditures the administration deems “woke.”
      ???   The administration has provided little to no clarity over what programs it is blocking (or will block) funding for under this EO.  
    Elon Musk & DOGE Actions
    All agencies
    Open question. Reports confirm DOGE sought access to central payment system to halt disbursements.
      ???    
    Other actions  
    All agencies
    ???
    ???
    TOTAL
     
     
    At least $455 billion
    *Funding in Jeopardy: this reflects our best understanding, as of afternoon on February 7, of what funding is being illegally withheld. The administration has failed to provide clear answers—and the actual number could be higher. This lack of transparency and responsiveness to Congress, and thus the American people, is without precedent.
    FOR MORE DETAILS, READ THE FULL FACT SHEET HERE.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI United Kingdom: Derry and Strabane Council agrees its budget for 2025/26

    Source: Northern Ireland – City of Derry

    Derry and Strabane Council agrees its budget for 2025/26

    10 February 2025

    Derry City and Strabane District Council today agreed its budget for the incoming 2025/26 financial year and set a District Rates increase for ratepayers of 4.92%.

    This will see an average rates bill increasing by £28.96 per annum or 56 pence per week. The regional rate, set by Central Government, will be determined by the end of March, and will also have an impact on the overall rates bill.

    The budget was set at a Special Meeting of Council today, Monday, 10th February 2025, where it was highlighted that the increase comprised a 3.42% baseline increase to cover the significant statutory financial challenges and service demands facing Council along with a 1.50% rates investment towards the financing of Council’s hugely ambitious and exciting capital strategy.

    In terms of the baseline increase, Members were advised of the range of statutory pressures and new service demands facing Council services including pay pressures, Employer’s national insurance costs and cost inflation which have been partially offset by some rate-base growth, additional waste income and continued efficiencies across Council services.

    It was outlined to Members at the meeting that pay pressures continue to be a significant issue for Council, particularly in the current year whereby the Employer’s national insurance increases imposed by the recent UK budget have added circa £1.1m to Council’s pay bill and have had a direct 1.21% impact on rates bills. Unfortunately, despite ongoing lobbying by Councils, no funding has been confirmed from Treasury to offset this additional cost for public sector employers in Northern Ireland.

    Facilitated by new waste income, the baseline rates position also includes investment of £1.266m (1.64%) towards the reinstatement of previously implemented service cuts as well as new service pressures and demands. These include costs associated with assuming the responsible reservoir manager role at Creggan Reservoir; addressing budgetary and resourcing pressures within our key core front line services e.g. grounds maintenance, refuse collection, street cleansing and cemeteries; additional investment into grant aid programmes within sports development, community centre venues, consensual local growth partnerships, advice and cultural organisations; additional resources within community services to address emerging and immediate priorities e.g. Whole Systems approach to Obesity and Ending Violence against Women and Girls strategy; as well as additional tourism resource focused on screen and food tourism.  

    This year’s budget will therefore allow Council to continue to provide critical frontline services to ratepayers with a clear focus and commitment to protecting jobs as well as the continued provision of funding to organisations who rely on Council support to deliver community services and projects. 

    Central to this year’s rates process is the substantial positive progress made to Council’s capital funding strategy and our ambitious capital development plans. To date over £200m of capital projects have been completed or are progressing with full funding in place. These include Acorn Farm, Derg Active, Daisyfield Sports Hub, new Northwest cemetery provision at Mullenan Road, the DNA Museum and COVID recovery small settlements investment across the District, as well as the recently approved Riverine and Strabane Public Realm projects.

    The additional 1.50% rates capital investment agreed today along with funding expected to be secured from the Northern Ireland Executive towards City of Derry Airport will go towards financing Council’s hugely ambitious and exciting capital financing strategy. Building on the investment secured following the signing of the transformative City Deal and Inclusive Future Fund investment plan in September 2024, Council will now have financing of up to £100m in place towards it’s 2 key strategic leisure aspirations in Templemore and Strabane. This will enable the 2 projects to progress to detailed design, consultation and planning with some further rates investment in 2026/27 and 2027/28 allowing the projects to progress to construction.  2025/26 will also see options and costings being further progressed and detailed designs developed for new civic/ commercial office development as a key component of the wider aspirations for the future Central Riverfront development and university expansion.

    Members were also informed that, whilst work progresses across the Council District on Council’s fully funded programme of community and statutory capital projects, this years’ rates investment would ensure an additional £10m of funding could be made available to progress several further projects. This will supplement the £4m funding previously earmarked for a range of these projects and the hope that Council investment can be further leveraged through the securing of external investment from Central Government. Following the conclusion of the rates process, immediate considerations by the Capital and Corporate projects Planning Group in respect of the prioritisation of projects will progress. 

    In conclusion, members in approving the agreed District rates increase have given Council authority to continue to press ahead with its ambitious plans to drive growth and investment across the City and Region as well deliver critical front-line services across the City and District.

    The new agreed District rate for the year ending 31st March 2026 is 39.5993 p in the £ for Non-Domestic properties and of 0.6369p in the £ for Domestic properties. This represents a 4.92% District rates increase for all ratepayers.

    The Special Council meeting is available to watch back on the Council’s Youtube channel.

    The accompanying reports and papers are available online at – https://meetings.derrycityandstrabanedistrict.com/ieListDocuments.aspx?CId=307&MId=2323&Ver=4https://meetings.derrycityandstrabanedistrict.com/ieListDocuments.aspx?CId=307&MId=2323&Ver=4

    For more information on the rates visit our website at https://www.derrystrabane.com/about-council/rates/rates-2025-26

    MIL OSI United Kingdom –

    February 11, 2025
  • MIL-OSI Economics: q21capital.ag: BaFin consumers about website and identity fraud

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The financial supervisory authority BaFin warns against offers from the website q21capital.ag. Contrary to the information on the website, the website is not operated by the capital management company Q21 Capital InvAG mit TGV, which is registered with BaFin. This is a case of identity theft.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    The information provided by BaFin is based on section 16 (8) of the German Investment Code (Kapitalanlagegesetzbuch – KAGB).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

    February 11, 2025
  • MIL-OSI Economics: primeescrow.net: BaFin warns against Prime Escrow

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Financial Supervisory Authority BaFin warns against offers from Prime Escrow, allegedly Frankfurt am Main. It is suspected that the unknown operators of the website primeescrow.net are providing payment services without the required authorisation.

    Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 8 (7) of the German Act on the Supervision of Payment Services (Zahlungsdiensteaufsichtsgesetz – ZAG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

    February 11, 2025
  • MIL-OSI USA: $60 Million for Electric Vehicle Charging Infrastructure

    Source: US State of New York

    Governor Kathy Hochul today announced a $60 million transaction to accelerate electric vehicle (EV) charging infrastructure deployment across New York City. The loan provided by NY Green Bank (NYGB), the State’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), to Revel, the largest provider of public EV fast-charging in New York City, will enable Revel to more than triple its current New York City public fast charging network this year. This represents NYGB’s first EV charging infrastructure transaction and supports the expansion of investments in clean transportation to reduce greenhouse gas emissions while increasing access to critical charging infrastructure necessary for the wider adoption of EVs.

    “In support of the transition to a clean energy economy, it is critical that we continue to build electric vehicle infrastructure to ease the shift to EV ownership for more New Yorkers, especially those in urban areas,” Governor Hochul said. “This significant investment addresses the key need of providing electric vehicle users in New York City with much needed public charging options while reducing local emissions.”

    This funding will enable the construction of 267 new charging stalls across nine sites and supports the intricate construction activities involved in designing and building EV charging stations. Revel will complete construction of the below new sites in the next 12 months, with the remainder to be completed by 2027:

    • 60 charging stalls in Maspeth, Queens, that will be the largest fast-charging station in the Northeast U.S.
    • 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the country. *
    • 24 charging stalls at John F. Kennedy International Airport (JFK); making it the largest charging station at the airport. *
    • 30 charging stalls in Greenpoint, Brooklyn.
    • 20 charging stalls in the Port Morris section of the Bronx. *

    * Located in a Disadvantaged Community (DAC)

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “NY Green Bank’s financing support for critical infrastructure that is advancing clean transportation complements NYSERDA’s efforts to drive the transition to electrification of this sector. Increasing the state’s charging capabilities is a step forward in ensuring New Yorkers can plug in and drive clean and we commend Revel’s leadership in this regard in a major hub and in high-impact locations such as major airports.”

    NY Green Bank President Andrew Kessler said, “NY Green Bank is pleased to share this exciting transaction that is demonstrating the viability of financing EV charging infrastructure to support the adoption of electric vehicles. The Revel transaction is an important and replicable precedent we expect will help accelerate investment in this fast-growing sector and expand access to EV charging for more New York drivers.”

    Revel Co-Founder and CEO Frank Reig said, “For the past few years, Revel has been preparing a strategic portfolio of the most lucrative fast-charging locations in New York City. These sites are now shovel-ready. With the critical support from NY Green Bank, we are ready to take New York’s EV economy to the next level with a fast-charging network rivaling any other top tier city.”

    Revel broke ground in November at JFK Airport, adjacent to the main rideshare vehicle waiting area, with support from the Port Authority of New York and New Jersey. With funding from NYGB, Revel will now be able to complete construction of the aforementioned 24 charging stalls. That site will open in Q1 2025 and is expected to be one of the most utilized charging stations in the country.

    State Senator Kevin Parker said, “Our goal is to leave New York State in a better condition than when we found it. If we are going to move forward with our CLCPA goals, we must transition our transportation sector to clean vehicles. We also must invest in the infrastructure needed to provide confidence, reliability, and convenience for New Yorkers. I applaud Governor Hochul, Revel, and NYSERDA for continuing to provide these opportunities with financing support through New York Green Bank.”

    State Senator Jeremy Cooney said, “The future of transportation is electric. Today’s investment by the NY Green Bank and NYSERDA represents our state’s continued commitment to new and emerging transportation technologies and a greener, cleaner future for New Yorkers.”

    Assemblymember William Magnarelli said, “I am encouraged by this announcement. Expanding our charging infrastructure is essential if New York is going to reach its zero-emission transportation goals. These additional chargers will make transitioning to an EV more convenient and reliable.”

    Revel charging stations are open to the public on a 24/7 basis for any make and model EV. All chargers installed at future locations will have speeds of at least 320 kilowatts (kW), which can charge an EV in as little as 15 minutes.

    Last year, NYGB completed another groundbreaking transaction with Inspiration Mobility—which partners with Revel—to support the deployment of nearly 400 EVs in New York City that are increasing access to clean ridesharing transportation. Over three-quarters of Revel’s pipeline projects being supported by NYGB financing are located in DACs, advancing NYGB’s goal to commit a minimum of 35 percent, with a target of 40 percent, of its capital to projects benefiting DAC.

    As the largest state green bank in the nation, NYGB has committed more than $2.4 billion to advancing New York State’s clean energy economy for all New Yorkers. Since inception, its investments have mobilized up to $8.8 billion in project costs across technologies, with $383 million mobilized in the clean transportation sector alone. NYGB’s transactions are designed for replication and adoption by the private sector, helping to animate the market and mobilize capital into underserved green sectors with a special focus on clean transportation, energy storage, and building decarbonization.

    More information about the Revel deal can be found in NYGB’s transaction profiles on its portfolio page. Photos and video are available upon request by contacting Revel at [email protected].

    New York State’s Climate Agenda
    New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.

    MIL OSI USA News –

    February 11, 2025
  • MIL-OSI Security: U.S. Attorney’s Office for the Eastern District of New York Collected over $400 Million in Asset Forfeiture Actions in FY 2024

    Source: Office of United States Attorneys

    EDNY Ranked No. 1 in Asset Forfeiture Among All U.S. Attorney’s Offices in the Nation

    United States Attorney John J. Durham announced today that the Eastern District of New York (EDNY) collected over $400 million in asset forfeiture actions in Fiscal Year (FY) 2024, ranking the EDNY first among all 93 districts in the country.  Forfeiture recoveries are generally derived from warrants and forfeiture orders against illegal proceeds generated by, among other things, transnational criminal organizations and cartels; financial frauds; bribery and political corruption; cybercriminals; and those who violate the Office of Foreign Assets Control sanctions (OFAC).  

    “The forfeiture of criminal assets is an important tool used by law enforcement to deter crime and punish wrongdoers by depriving them of their ill-gotten gains,” stated United States Attorney Durham.  “To the extent possible, forfeited funds are used to compensate victims of crime.  That my Office collected the largest dollar amount of asset forfeiture of all U.S. Attorney’s Offices is a testament to the hard work and exceptional dedication of our prosecutors and professional staff in carrying out their mission to do justice, compensate victims, and hold defendants accountable for their crimes.”

    In certain circumstances, forfeited assets deposited into the Department of Justice Assets Forfeiture Fund can be used to compensate victims of crimes, and for a variety of law enforcement purposes.  In addition, the U.S. Attorney’s Offices, along with the Department’s litigating divisions, are responsible for enforcing and collecting civil and criminal debts owed to the U.S. and criminal debts owed to federal crime victims.  The law requires defendants to pay restitution to victims of certain federal crimes who have suffered a physical injury or financial loss.  While restitution is paid to the victim, criminal fines and felony assessments are paid to the Department’s Crime Victims Fund, which distributes the funds collected to federal and state victim compensation and victim assistance programs. 

    In addition to the asset forfeiture recoveries, EDNY collected a total of $333,368,879.70 in judgments and other debts on behalf of victims and the government in FY 2024 in criminal and civil actions filed in the district and in cases in which the Office worked with other U.S. Attorney’s Offices and components of the Department of Justice.  Of this amount, $303,583,835.60 was collected in criminal cases and $29,785,044.11 in civil cases.

    FY 2024 Forfeiture Highlights

    In March 2024, Gunvor S.A. (Gunvor), a part of the Gunvor Group, one of the largest commodities trading firms in the world, pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act.  The charge arose out of a scheme to bribe officials of the Ecuadorian Ministry of Hydrocarbons and Petroecuador, the Ecuadorian state-owned oil company, in order to obtain contracts to purchase oil products.  In exchange for these bribe payments, high-level Ecuadorian officials helped Gunvor win contracts to provide a series of oil-backed loans to Petroecuador.  Following the plea, United States District Judge Eric N. Vitaliano sentenced Gunvor to pay a criminal monetary penalty of more than $374 million and to forfeit more than $287 million in ill-gotten gains.

    In October 2023, as previously ordered by United States District Judge Pamela K. Chen, $100,189,754.61 was forfeited from a Swiss bank account held by Datisa S.A.  As proven at two separate trials, Datisa was a corrupt corporate entity that paid and promised to pay millions of dollars in bribes to top soccer officials to secure the media and marketing rights to the 2016 Copa America Centenario, a soccer tournament played in stadiums throughout the United States.  This forfeiture is part of the larger investigation of the Federation Internationale de Football Association (FIFA), which exposed corruption throughout world soccer and has resulted in over 30 felony convictions and guilty pleas, and the recovery of over $200 million in forfeiture funds.  

    MIL Security OSI –

    February 11, 2025
  • MIL-OSI: Global B2B Spare Parts Marketplace to Elevate Customer Experience in the Commercial Vehicle Sector

    Source: GlobeNewswire (MIL-OSI)

    • Powered by Spryker, the marketplace will make it faster, easier, and more convenient to buy spare parts online
    • Dealers can focus more on servicing rather than selling and acquiring the right spare parts, leading to decreased costly downtime for trucks

    BERLIN and NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Spryker, the leading composable commerce platform for sophisticated use cases in B2B Commerce, Enterprise Marketplaces and IoT Commerce, and Daimler Truck today announced a global partnership to shape the future of the commercial vehicle industry. The world’s largest commercial vehicle manufacturer is taking its B2B spare parts webshop experience to the next level for their customers in Europe by optimizing the spare parts purchasing journey to be faster, easier, and more convenient.

    Fleet vehicles deal with unexpected downtime that can be very costly for businesses. This is often because of unexpected repairs or scheduled maintenance. When this occurs, getting the right spare parts quickly and easily in order to get the vehicle back on the road is paramount. Very often in the industry, the parts ordering process is complicated and sometimes takes place offline, leaving customers dependent on store opening times and challenging schedules. With an easy to use online webshop, B2B customers can focus on servicing their trucks and getting them back on the road rather than finding the right spare part.

    The majority of the sophisticated requirements for the project, implemented by Valantic, will be met with Spryker’s out of the box enterprise marketplace and B2B Commerce functionality. The commercial vehicle manufacturer’s existing system infrastructure will be seamlessly managed due to Spryker’s flexible architecture. Spryker’s composability allows for maximum speed, flexibility, and scalability as well as a minimal marketable product approach to test, learn, and adjust on the go.

    “We are proud to power the new global B2B spare parts marketplace which marks a transformative shift in the commercial vehicle sector by pushing offline transactions to online,” said Boris Lokschin, Co-Founder and CEO at Spryker. “For the commercial vehicle industry, time on the road is money. A flexible commerce solution that can adapt to supply chain or other unforeseen challenges is critical for ensuring that parts can be purchased quickly and reliably when needed.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46d232be-3c1d-48ff-99d2-00b93477e9c1

    The MIL Network –

    February 11, 2025
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