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Category: Business

  • MIL-OSI Global: Lucy Letby case: the problems with expert evidence

    Source: The Conversation – UK – By Amel Alghrani, Professor of Law, University of Liverpool

    The Lucy Letby case is the latest in a number of UK criminal medical cases that, beyond the rights and wrongs of each verdict, raise serious questions around how such cases are tried – especially when the evidence is limited, complex, and circumstantial. These cases often rely heavily on expert witnesses, whose testimony is crucial yet can be open to interpretation.

    As an expert in the intersection of criminal and medical law, I am particularly concerned with how prosecution teams gather expert evidence in such cases – and how it is then communicated to juries through expert witnesses.

    Generally speaking, in complex medical cases, police and prosecutors may risk becoming overly reliant on a small pool of experts when dealing with highly technical issues beyond their expertise. This dependence can inadvertently lead to “cherry-picking” – selectively presenting evidence that supports a particular narrative, while overlooking alternative perspectives that could provide a more comprehensive or balanced view.

    In the Letby case, the prosecution’s selection and interpretation of evidence has now been challenged by an independent panel of 14 neonatal and paediatric experts. Letby is serving 15 whole-life prison terms after being convicted of murdering seven babies and attempting to kill another seven at the Countess of Chester hospital in north-west England. The chair of the panel, retired Canadian neonatologist Dr Shoo Lee, was co-author of a 1989 academic paper on air embolism in babies that was used in the prosecution’s case, but now says this evidence was misinterpreted by the prosecution.

    In complex medical cases, I’m concerned that prosecutors – who may lack the medical expertise needed to fully grasp these complexities – may gravitate toward experts whose opinions align with a prosecutorial narrative, whether consciously or not. This can result in a narrowing of expert perspectives which might tend to focus only on those that bolster the case for conviction, while alternative views that could provide a more balanced assessment are excluded or marginalised.

    In trials where juries hear only a limited number of expert voices, there’s a risk they may not receive a sufficiently balanced understanding of the case. In addition, rare diagnoses may lack the robust scientific literature typically needed to validate medical opinions in court.

    Medical experts, like professionals in any field, can have differing opinions, especially in cases involving judgment calls or grey areas in medical practice. Without exposure to a range of viewpoints, jurors may miss alternative interpretations of the same evidence, which could be crucial for fair deliberation.

    Of course, the defence also has the opportunity to call its own experts, potentially offering counter-arguments to prosecution evidence. But decisions by a defence team not to call certain experts may be based on legal strategy, resource constraints, or concerns about how the testimony will withstand cross-examination. When this happens, it can amplify the weight of the prosecution’s selected experts, potentially skewing the jury’s understanding.

    Jurors naturally place a high level of trust in experts, assuming their testimony is both accurate and confined to their area of expertise. So, when experts venture beyond their remit, jurors may accept these statements uncritically, unaware that such testimony may lack the depth required in such complex medical cases. This issue is particularly concerning in circumstantial prosecutions where the case often hinges more on expert interpretation than on direct evidence, increasing the risk of misunderstanding or misjudgment.

    Expert overreach

    Testimony from experts unfamiliar with the practical pressures of certain clinical settings may lead to distorted interpretations of what a “reasonable” course of action would have been under the circumstances. This can result in unfair judgments, particularly when the nuances of clinical decision-making aren’t fully explored.

    Experts also sometimes “overreach” their duties in court, offering opinions that extend beyond their remit. In the case of surgeon David Sellu, who was jailed for gross negligence manslaughter in November 2013 before being freed three years later, having spent 15 months in prison, the court of appeal noted that expert witnesses had repeatedly expressed opinions on whether Sellu’s conduct amounted to gross negligence – an assessment the court said should have been left to the jury.

    In that case, the experts directly addressed the “ultimate issue” of whether Sellu’s actions were grossly negligent. But that was for the jury to decide, not the experts, and I believe the trial judge should have intervened. A key change needed by the UK legal system, in my view, is to establish clearer guidelines to ensure experts do not exceed their role – whether in a complex financial fraud or criminal medical trial.

    Incidentally, while the judge in the Sellu trial didn’t give the jury correct direction (this was a key finding by the court of appeal that made the conviction unsafe), I don’t think it was entirely the judge’s fault. The law surrounding gross negligence manslaughter, particularly when applied to doctors unintentionally causing a patient’s death, is fraught with ambiguity. The lack of clear guidelines on what constitutes “gross” negligence, coupled with inconsistent application of the law, has sparked widespread concerns about its fairness and appropriateness in the medical context..

    Make-up of a jury

    Letby’s trial also highlights the limitations of the current jury system in such complex medical cases. The original trial was one of the longest in UK legal history, lasting ten months. The idea of jury trials is you’re tried by your peers, but if you’re a healthcare professional, you’re arguably not really being tried by your peers.

    In England, jury service is compulsory and jurors are chosen randomly from the electoral register, but there are some exemptions and deferrals available in specific circumstances, such as serious illness, disability, or full-time caregiving. Additionally, people can apply for deferral if serving would cause significant hardship due to work commitments, including shift work or conflicts with important public duties. This is particularly relevant for professionals who cannot easily take extended time away from their roles.

    This adds to the question of whether a jury, composed of 12 lay people with no specialised medical knowledge, can effectively assess intricate, often conflicting medical evidence. As Rebecca Helm highlights in her book How Juries Work (2024), while expert testimony aims to enhance jury understanding of complex evidence, jurors often lack the necessary background knowledge to fully grasp or critically assess it. This can lead to challenges in properly weighing competing expert opinions, especially in adversarial systems where experts present differing views.

    In the Letby case, the vast amount of medical evidence presented for each baby likely made it challenging for a lay jury to fully comprehend. Additionally, they may have felt intimidated or hesitant to ask the judge questions, further complicating their ability to critically engage with the evidence.

    Of course, it’s important to understand the backdrop for cases like this. I’m very aware of how overstretched, understaffed and under-resourced our hospitals are. And in the Letby case, we know that severely premature babies who are born on the cusp of viability often have a lot of comorbidities. It’s vital that jurors have a clear understanding of such specific context – which is outside the normal experience of most of us – when they come to make their decisions.

    The jury’s role is to assess expert evidence independently, yet this can be difficult without clear guidance. In the Sellu trial, the absence of a “route to verdict” document was another significant issue. While not always mandatory, such a document is often used in complex cases to help jurors separate medical facts from legal conclusions.

    Without it, the jury was left without clear guidance, increasing the risk of confusion and misapplication of the law. While the court of appeal did not say a route to verdict was strictly required, it strongly indicated that its omission contributed to an unfair trial process.

    Expert advisors for juries

    In complex criminal cases, like fraud or medical trials, where a large amount of expert evidence is presented, it can be challenging for lay jurors to fully understand and assess the evidence. Elsewhere in Europe – including in Italy, Spain and France – expert judges or advisers are often involved in complex cases to help guide the jury and clarify professional standards relevant to the case.

    Given the complexity of cases like Sellu and Letby, it’s worth considering whether jury reform is needed in the UK to ensure fair trials. A potential solution is the inclusion of an expert, such as a medico-legal advisor, who can assist juries in understanding and weighing medical evidence. This would provide clarity on complex issues and help jurors navigate the case more effectively. It would be a practical, cost-effective step that maintains the integrity of jury trials, while addressing challenges specific to complex medical manslaughter and murder cases.

    This medico-legal expert would serve solely to assist the jury in understanding complex issues presented during the trial, and would have no role in the deliberation or decision-making process. They are separate to the judge who oversees the trial, and their precise expertise would be dependent on the particular nature of the case.

    Of course, everything would have to be confidential in accordance with jury rules – their introduction would simply be to facilitate decision-making and explain complex matters to the jury.

    I believe it’s in the interests of both parties, the defendant and the prosecution, that the jury fully understands the evidence presented in court. An impartial medico-legal expert could help ensure this understanding, without influencing the case’s outcome. Their role would be beneficial for clarity, helping both parties ensure the jury comprehends the complex evidence before them.

    Further, it may also be worth considering specialist medical juries for certain complex criminal cases, such as the Letby trial, where the evidence is highly technical. The sheer volume of complex medical information presented for each baby in this case suggests that a jury without specialised medical knowledge could struggle to fully grasp the evidence.

    Appeals process

    One of the Letby appeal grounds involved an application to admit fresh evidence from Lee, challenging the conclusions reached from the 1989 study he co-authored. The court of appeal denied this, noting it did not meet the standards for fresh evidence. Refusals such as this highlights an essential aspect of public debate: the need for transparency about how the court of appeal evaluates new evidence, especially in cases that receive significant media attention.

    While it remains to be seen whether the court grants a new appeal for Letby, after the criminal cases review commission reviews the latest evidence provided by Lee’s panel, the Thirlwall inquiry has been sitting since September 2023, looking at events at the Countess of Chester Hospital on the basis that Letby is guilty. It will ultimately make recommendations about different aspects of this wider medical ecosystem, but it’s got no legal authority. Inquiries can make valuable recommendations, but they are advisory in nature and cannot enforce legal changes or compel action.

    There are numerous other examples where criminal trials have not led to the systemic-level changes that they highlight are urgently needed, beyond the individual verdict. During the trial of Hadiza Bawa-Garba – a junior doctor found guilty of manslaughter in November 2015 on the grounds of gross negligence manslaughter following the death of a six-year-old boy in her care – it was revealed that the Leicester NHS trust’s serious incident report had identified 93 failures, only six of which were attributable to the doctor herself.

    Ultimately, while holding individuals accountable is essential, we must also shift our focus towards long-term, systemic reform. Only by addressing the root causes and strengthening oversight within healthcare institutions can we ensure that tragedies are never repeated. The criminal justice system, though necessary in cases of clear criminal conduct, should be complemented by proactive, preventative measures that foster a culture of safety, accountability and transparency in healthcare.


    For you: more from our Insights series:

    • Unlocking new clues to how dementia and Alzheimer’s work in the brain – Uncharted Brain podcast series

    • GP crisis: how did things go so wrong, and what needs to change?

    • ‘It’s like being in a warzone’ – A&E nurses open up about the emotional cost of working on the NHS frontline

    To hear about new Insights articles, join the hundreds of thousands of people who value The Conversation’s evidence-based news. Subscribe to our newsletter.

    Amel Alghrani 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. Lucy Letby case: the problems with expert evidence – https://theconversation.com/lucy-letby-case-the-problems-with-expert-evidence-249309

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: Manchester United’s plan to raise ticket prices could be a breach of the ‘social contract’ between club and fans

    Source: The Conversation – UK – By Mark Middling, Assistant Professor of Accounting, Northumbria University, Newcastle

    When billionaire Jim Ratcliffe took a 27.7% stake in Manchester United back in February 2024, he had big plans. He would, he said, take the club “back to the top of English, European and world football, with world-class facilities for our fans”.

    A year later, those ambitions remain a distant dream. Results have not been great, and for many fans, the 2024-25 season is looking like one to forget.

    But while the club has been far from ruthless on the pitch, it has been fairly ruthless off it. Cost-cutting measures led to the loss of 250 jobs in a bid to save £10 million a year

    And now there is fresh tension between the club and its fan base after supporters were warned of a possible rise in ticket prices to prevent the club breaching the Premier League’s “profit and sustainability rules” (PSR).

    These rules were put in place in 2011, with the aim of getting clubs to balance their spending against income. This includes an allowance for an “acceptable” loss level set at a cumulative £105 million over a rolling three-year period.

    And some well-established clubs have been close to the limits of PSR, with both Nottingham Forest and Everton receiving point deductions in 2024 for spending breaches.

    In their defence, football clubs are not immune from cost pressures, such as rising wages and energy bills, leading to price increases. Nor is Manchester United alone in raising ticket prices.

    Fulham was criticised for its “completely misguided” ticket pricing strategy in 2023, and in 2016 Liverpool fans staged a stadium walk out against price hikes. Issues such as these have led to the Football Supporters’ Association’s “Stop Exploiting Loyalty” campaign.

    But asking fans to help foot the bill to support the club’s PSR position raises a wider question around the “social contract” between a club and its supporters – and the responsibilities on each side.

    Our research suggests that Manchester United’s planned price rise would probably break this social contract.

    We found that two of a club’s key responsibilities were fair ticket pricing and maintaining financial sustainability (which PSR aim to control). By suggesting ticket price rises to cover the PSR position, Manchester United would be in breach of both those aspects, essentially using one to deal with the other.

    There’s nothing illegal about this approach, but it’s a tactic that might backfire. Our research suggests that a relationship between the club and its supporters should involve everybody pulling in the same direction. However, United have already seen some fans turn away from the club, and further ticket price hikes (they already went up to £66 at the end of 2024) may alienate others.

    Clarity

    Transparency between club and fans is another issue. For it is difficult for fans to know how close the club are to a potential PSR breach – and how much a ticket price increase would alleviate any pressure.

    Feeling united?
    Richard Juilliart/Shutterstock

    Although Manchester United file detailed accounts, they do not include clear numbers on PSR calculations. These are only provided privately to Premier League officials.

    And while it is understandable that internal club finances would be considered commercially sensitive or private, clubs could do more in terms of being transparent with their fan base. This could be through a broad explanation of PSR in their accounts, or in communication with supporters’ groups.

    PSR may be a concern for the club, but should the fans have to help foot the bill for financial issues? Again, our social contract model would suggest not. We advocate that clubs are ultimately responsible for their own financial sustainability, and that they should be as transparent as possible, involving fans in decision-making wherever they can.

    That said, our research also shows that fans do have a role to play in contributing to a club’s income, supporting its financial sustainability – but not to the extent that the cost to fans is excessive. Yet a recent BBC poll found that most fans were willing to pay “slightly” or “significantly more” for their tickets next season.

    This may provide clubs with a sense of justification for ticket price increases, but they need to be aware of tipping points. Our research found that fans should hold clubs to account, with many well practised at this.

    So club owners should take heed of the social contract when thinking about putting more financial pressure on their supporters. If, of course, they sympathise with the view that football without the fans “is nothing”.

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

    – ref. Manchester United’s plan to raise ticket prices could be a breach of the ‘social contract’ between club and fans – https://theconversation.com/manchester-uniteds-plan-to-raise-ticket-prices-could-be-a-breach-of-the-social-contract-between-club-and-fans-248595

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: ‘There has never been a more dangerous time to take drugs’: the rising global threat of nitazenes and synthetic opioids

    Source: The Conversation – UK – By Philip A. Berry, Visiting Research Fellow, King’s College London

    US Drug Enforcement Administration images accompanying a warning about the emergence of nitazenes in Washington DC, June 2022 USDEA

    In the early hours of September 14 2021, three men parked in a quiet car park in the southern English market town of Abingdon-on-Thames. The men, returning from a night out, had pulled over to smoke heroin.

    Unknown to them, the drug had been fortified with a nitazene compound called isotonitazene, a highly potent new synthetic opioid. Two of the men, Peter Haslam and Adrian Davies, overdosed and went into cardiac arrest. The third, Michael Parsons, tried to save them and himself by injecting naloxone, an opioid overdose antidote. Despite paramedics also trying to resuscitate Haslam and Davies, both died at the scene.

    Their deaths were among at least 27 fatalities linked to nitazenes that year in the UK. Since then, nitazenes – otherwise known as 2-benzylbenzimidazole opioids – have become more prevalent in the UK’s illegal drug supply, leading some experts to warn that they are a major new threat because of their extreme potency.

    In June 2023, the UK’s most recent outbreak of deaths linked to synthetic opioids emerged in the West Midlands when drug dealers used nitazenes to fortify low-purity heroin. By August, there were 21 nitazene-related fatalities in Birmingham alone. In some cases, dealers also added xylazine (colloquially known as “tranq”), a non-opioid sedative used by vets.

    The increasing availability of these and other synthetic drugs led the UK’s National Crime Agency (NCA) to warn in August 2024 that “there has never been a more dangerous time to take drugs”. Like Haslam and Davies, many heroin users are unaware they might also be consuming nitazenes, which significantly increase the risk of overdose.

    Given their potency, only a small amount of nitazene is required to produce a fatal dose. While some studies have concluded that nitazenes are even more potent than the synthetic opioid fentanyl, which causes many thousands of deaths in the US, the NCA judges it a “realistic possibility” that the potency of both substances are “broadly equivalent” – making them roughly 50 times more potent than heroin.



    Illicit drug use is damaging large parts of the world socially, politically and environmentally. Patterns of supply and demand are changing rapidly. In our new longform series Addicted, leading drug experts bring you the latest insights on drug use and production as we ask: is it time to declare a planetary emergency?


    Officially, more than 400 deaths plus many non-fatal overdoses were linked to nitazenes in the UK between June 2023 and January 2025. But this is likely to be an underestimate because of gaps within forensic and toxicology reporting. These figures come amid record levels of drug-related deaths in England and Wales. In 2023, there were 5,448 deaths related to drug poisoning, an 11% increase on the previous year and the highest total since records began in 1993.

    This is of particular concern given that the UK has the largest heroin market in Europe, comprising around 300,000 users in England alone. While nitazene-related deaths are still relatively low (although by no means insignificant) compared with those from heroin and other opioids, these new synthetic opioids are cheap and easy to buy, and offer dealers multiple advantages over traditional plant-based drugs.

    Unlike opium, nitazenes and other synthetic opioids can be produced anywhere in the world using precursor chemicals that are often uncontrolled and widely available. Producer countries including China and India have not yet banned all nitazene compounds, meaning they are sold legally – mostly online. Chemical manufacturing companies in these countries can synthesise nitazenes at scale using a comparatively easy three or four-step process.

    Opioid use death rates around the world:

    Estimated deaths from opioid use disorders per 100,000 people in 2021.
    Our World In Data, CC BY

    For the past 15 years, I have researched and advised on the international narcotics industry, especially the Afghan drug trade, as an academic, UK Home Office official and consultant. I’ve observed many shifts within global drug markets, and I believe the increasing availability of synthetic drugs in the UK and Europe may represent a new chapter in illicit drug use here – with the emergence of nitazenes only adding to these concerns.

    A brief history of synthetic opioids

    New synthetic opioids (NSOs) are one of the fastest-growing groups of new psychoactive substances around the world. The EU Drugs Agency (EUDA) currently monitors 81 NSOs – the fourth-largest group of drugs under observation.

    NSOs largely fall into two broad groups: fentanyl and its analogues, and non-fentanyl-structured compounds – these include nitazenes, among many other substances.

    Many of these “new” synthetic opioids have, in fact, existed for decades. Nitazenes were first synthesised in the 1950s by the Swiss pharmaceutical company, Ciba Aktiengesellschaft, as pain-relieving analgesics, although they were never approved for medical use.

    Prior to 2019, there had only been limited reports of nitazenes in the illegal drug supply – including a “brownish looking powder” found in Italy in 1966; the discovery of a lab in Germany in 1987; several nitazene-related deaths in Moscow in 1998; and a US chemist illegally producing the drug for personal use in 2003. But since nitazenes re-emerged at the end of the last decade, over 20 variants have been discovered.

    Paul Janssen, the Belgian chemist who first made fentanyl.
    Johnson & Johnson

    The most common NSO in the illegal drug market, fentanyl, was first synthesised by Belgian chemist Paul Janssen in 1960. Fentanyl, which is roughly 100 times more potent than morphine, was approved in the US in 1968 for pharmaceutical use as an analgesic.

    Over the next four decades, however, illegally produced fentanyl resulted in three relatively small outbreaks of deaths in the US. A fourth, larger fentanyl outbreak in Chicago, Detroit and Philadelphia resulted in about 1,000 deaths between 2005 and 2007.

    The current US fentanyl crisis started in 2013, expanding to affect much of the country. Between 2014 and 2019, Chinese companies were the main manufacturers of finished fentanyl substances in the US – to combat this, both the Obama and Trump administrations lobbied Beijing to curtail the fentanyl industry.

    The Chinese government responded by controlling specific fentanyl analogues. However, every time an analogue was banned, chemists there would slightly adjust the formula to produce a new compound that mirrored the banned substance.

    China finally banned all fentanyl-related substances in May 2019, prompting two significant changes in the drug’s supply: a slowdown in the development of new fentanyl analogues, and a reduction in their direct sale to the US from China. Instead, Chinese companies increasingly sent fentanyl precursors to Mexican drug cartels who would synthesise fentanyl (or counterfeit medication) in clandestine labs, before smuggling it across the US border. Consequently, Mexico is now the primary source of fentanyl in the US.

    But these supply changes led to another shift in the global drugs arena, as China’s chemical and pharmaceutical businesses – keen to develop new markets – adjusted their focus to producing uncontrolled synthetic substances, including nitazenes. At the same time, they expanded their geographical focus from North America to include Europe and the UK.

    The nitazene supply chain

    Producing nitazenes is a relatively low-cost exercise. They are largely manufactured in laboratories – both legal and illegal – in China, before being smuggled to the UK and Europe via fast parcel and post networks.

    Nitazenes’ high potency means only small quantities are required, making them easier to transport and harder for border officials to detect. Some Chinese vendors have reportedly been offering to hide nitazenes in legitimate goods such as dog food and catering supplies, to circumvent custom controls. All of this decreases the risk to sellers, and lessens the price of doing business.

    In March 2024, two China-based sellers operating on the dark web were selling a kilo of nitazene for between €10,000 and €17,000 (£12,000-£20,000). During roughly the same period, a kilo of heroin at the wholesale level in the UK was selling for between £23,000 and £26,000. Once bought, nitazenes are largely used to fortify low-purity heroin, although the drug can also be made into pills.

    Video by The Guardian.

    Nitazenes are not limited to the dark web. They are widely and openly advertised on the internet, social media and music streaming platforms. In February 2024, one China-based e-commerce site displayed 85 advertisements for nitazenes. Such sites also sell a range of other synthetic drugs, including fentanyl analogues and precursors, xylazines, cannabinoids and methamphetamine.

    This means drug dealers in the UK and across the world no longer need to have established connections to underworld figures to source illegal drugs. With a click of a mouse, they can have them delivered to their home address. In this sense, the internet has democratised the drug trade by widening access beyond “traditional” criminals.

    In the UK, while the supply of nitazenes is currently assessed as “low”, a number of smaller-scale organised crime groups are importing them to fortify low-purity heroin, before largely dealing it at the “county lines” level. This involves organised crime groups moving drugs – primarily heroin and crack cocaine – across towns, cities and county borders within the UK, using mobile phones or another form of “deal line” to sell to customers.

    In November 2023, Leon Brown from West Bromwich was imprisoned for seven years for dealing drugs containing nitazenes – a verdict described as “a great result in our ongoing efforts to tackle county lines drug dealing” by detective sergeant Luke Papps of the South Worcestershire county lines team.

    A few larger UK criminal networks have also been involved in nitazene distribution. In October 2023, the police and Border Force conducted raids across north London, arresting 11 people. They dismantled a drug processing site and seized 150,000 tablets containing nitazene – the UK’s largest ever seizure of synthetic opioids – as well as a pill-pressing machine, a firearm, more than £60,000 in cash and £8,000 in cryptocurrency. The police suspected the group had been selling the tablets on the dark web.

    Anecdotal reports suggest there have been mixed reactions to the introduction of nitazenes into the illegal drug supply. Richard, a recovering heroin user from Bristol, told Vice magazine that, given their potency, some “people are scared of [nitazenes]” while others are “actively seeking” them.

    As has been the case with fentanyl in the US, users build up tolerance and therefore seek stronger doses. Manny, a heroin user from Bristol, told Vice: “I smoked [heroin cut with nitazenes] and it felt like the first time I’d ever taken drugs.”

    Video by Vice.

    UK-based criminals also use the dark web to export nitazenes abroad. In October 2023, the Australian Border Force identified 22 nitazene discoveries in packages shipped to the country via mail cargo from the UK. British criminals have also trafficked counterfeit medicines containing nitazenes to Ireland and Norway.

    Use of nitazenes is now being detected all over the world. Within Europe, Ireland experienced several nitazene outbreaks in 2023-24 while in Estonia, nitazenes now account for a large share of overdose deaths – a trend also seen (to a lesser extent) in Latvia. Preliminary data suggests at least 150 deaths were linked to nitazenes in Europe in 2023.

    Nitazenes have also been discovered in fake pain medication such as benzodiazepines, oxycodone and diazepam, which widens the number of people at risk to include those with no opioid tolerance. The death in July 2023 of Alex Harpum, a 23-year-old British student who was preparing for a career as an opera singer, was a stark reminder of the danger of buying fake medicine online that may have been contaminated with nitazenes.

    The nitazene ‘boom’ and the global heroin trade

    For decades, Afghanistan was the world’s largest opium producer and the source of most of Europe’s heroin. Then in April 2022, the ruling Taliban announced a comprehensive prohibition on the use, trade, transport, production, import and export of all drugs. As a result, poppy cultivation has fallen to historically low levels for a second consecutive year.

    While this has not, as yet, translated into a shortage of heroin on European streets, including in the UK and Germany, some indicators suggest a slowdown in heroin supplies to the UK. In the year March 2023-24, the quantity of heroin seized in the UK fell by 54%, from 950kg to 441kg. This is the lowest quantity of heroin seized since 1989, when about 350kg was intercepted.

    The NCA assesses that the Taliban ban has created market “uncertainty”. The wholesale price of heroin has increased from roughly £16,000 per kilo prior to the COVID-19 pandemic to about £26,000, while anecdotal reports suggest average heroin purity for users dropped to under 30% (often to 10-20%) in 2024, compared with around 35% in 2023 and 45% in 2022.

    Video by UN Story.

    Even without the Taliban’s ban, heroin is not easy to produce and supply. Cultivating opium poppy is labour-intensive, taking five or six months. The static nature of opium fields means they are visible and susceptible to eradication; poppy crops can also be negatively affected by blight or drought.

    Converting opium into heroin base is also a labour-intensive process that can involve (depending on the production method) at least 17 steps. Acetic anhydride, the main chemical used to convert morphine into heroin, is relatively expensive compared with synthetic precursors. Moreover, heroin is a bulky product, which means it is harder to move in large volumes.

    While the relationship between events in opiate-producer countries and the introduction of synthetic opioids to consumer markets should not be overstated, this new type of drug offers economic advantages to criminals whose “sole motivation is greed”.

    For decades, Turkish, Kurdish and Pakistani criminal networks have been responsible for importing heroin into the UK. Once in the UK, both Turkish and British groups largely control its wholesale supply, with some participation of Albanian gangs.

    To date, there is little evidence to suggest these groups have transitioned to supplying NSOs, including nitazenes. The shifting dynamics in the global drug supply chain, however, could upend traditional markets and the gangs who profit from them.

    America’s synthetic drug crisis

    The synthetic opioid fentanyl has devastated the US, having been linked to about 75,000 deaths in 2023 alone. It is the primary cause of death for Americans aged 18-49. Canada, too, has experienced a wave of deaths: between January 2016 and June 2024, there were 49,105 apparent opioid deaths there, with fentanyl implicated in a large proportion.

    While the North American nitazene market is still small in comparison, the US, followed by Canada, has reported the highest number of unique nitazenes to the UN Office on Drugs and Crime’s Early Warning Advisory on New Psychoactive Substances.

    More than 4,300 reports of nitazenes have reached the US National Forensic Laboratory Information System since 2019. They are typically used to fortify fentanyl and other opioids, which can produce a fatal concoction.

    Efforts to stem the flow of NSOs, including nitazenes, from China to the US and elsewhere will prove challenging. And even if China does implement stricter controls, other countries could step in to fill the void. According to the Commission on Combating Synthetic Opioid Trafficking:

    The overall sizes of these industries, limited oversight efforts and political incentives contribute to an atmosphere of impunity among firms and individuals associated with those industries.

    While US and Chinese counter-narcotics cooperation ended in 2022 amid increasing geopolitical tensions, the following November’s summit in Woodside, California, between presidents Joe Biden and Xi Jinping saw them agree to recommence collaboration.

    As a result, China recently closed several chemical companies that were shipping fentanyl precursors and nitazenes to the US. These vendors used encrypted platforms and cryptocurrency to conduct the deals, and mislabelled the consignments to try to ensure the substances evaded border controls. China has also outlawed more chemicals and substances, including several nitazene variants.

    But President Trump’s imposition of tariffs on imports from China – which sit alongside proposed taxes on imports from Canada and Mexico, in part for supposedly not doing enough to curb the trafficking of fentanyl and its precursors to the US – threatens this counter-narcotics cooperation.

    While nitazenes are not yet widely available in the US, their presence within some fentanyl batches is complicating the US opioid crisis – and according to some experts, has the potential to further increase the already shocking number of synthetic opioid-related deaths.

    The UK response to nitazenes

    Successive UK governments have made tackling NSOs a high priority. Shortly after the most recent nitazene-related deaths were discovered in the UK in summer 2023, the NCA launched Project Housebuilder to lead and coordinate the law enforcement and public health response.

    This was soon followed by the establishment of a government-wide Synthetic Opioids Taskforce “to improve…understanding, preparedness and mitigation against this evolving threat”. Chris Philp, then the UK’s combatting drugs minister, stated that “synthetic opioids are at the top of [this government’s] list because of the harm they cause”.

    The taskforce has taken a range of measures, such as controlling more NSOs as class A drugs, conducting more intelligence operations at UK borders, widening access to naloxone, and enhancing the UK’s real-time, multi-source drug surveillance system. The government also worked with the US and Canada to learn from their experiences.

    Recently, the current UK government banned a further six synthetic opioids and introduced a generic definition of nitazenes as class A drugs. And the UK’s current government, unlike its Conservative predecessor, has also indicated its willingness to consider evidence from the UK’s first drug consumption facility, which recently opened in Glasgow.




    Read more:
    Drug deaths are rising and overdose prevention centres save lives, so why is the UK unwilling to introduce them?


    Other policy measures worthy of consideration include expanding drug checking services whereby drug users submit drugs to a lab to test what is in them, then are provided with information about the sample. These services offer vital information to the public and authorities about current drug trends.

    While there is high uncertainty about what is going to happen next in the UK regarding illicit drug trends, the evolution of the US drug landscape over generations provides some important lessons.

    Lessons from the US

    The US fentanyl crisis shows drug markets can change quickly with long-lasting consequences. Most heroin on US streets contains – or has been replaced by – fentanyl. According to DEA seizure data, US heroin seizures declined by nearly 70% between 2019 and 2023, whereas fentanyl seizures have increased by 451%.

    However, illegal drug markets evolve in different ways and at different paces. In May 1989, Douglas Hogg, a UK Home Office minister, travelled to the US and the Bahamas on a fact-finding mission about crack cocaine, a drug that was predicted to spread from the US to the UK. Upon his return, Hogg noted:

    The ethnic, social and economic characters of many of our big cities are very similar to those in the US. If they have a crack problem, why should not we? … The use of crack in Great Britain is likely to develop very substantially over the next few years.

    But this “crack invasion”, as some called it, did not materialise in the UK to the extent it had in the US – and the same was true about a predicted wave of methamphetamine use in the UK, which remains low compared with the US.

    It is also unlikely the UK and Europe will experience a synthetic opioid crisis on the same scale as the US. The first wave of the US crisis was driven by extensive overprescription of opioids for pain relief. This increased the number of people addicted to opioids, some of whom later turned to heroin, before transitioning to fentanyl. In contrast, large-scale opioid prescriptions have not been a major issue in the UK or Europe, although there is some diversion of legal fentanyl into the illegal drug market in Europe.

    Video by The Brookings Institution.

    According to Alex Stevens, professor of criminology at the University of Sheffield, another factor differentiating the US and Europe is the provision of drug treatment and harm reduction programmes. Opioid users in Europe, and to a lesser extent in the UK, are much more likely to be in medication-assisted treatment than their US counterparts, thus reducing the number of people at risk. These interventions are reinforced by different socioeconomic factors in much of Europe, such as lower economic inequality, stronger social protections, and better healthcare systems.

    None of this, though, means the nitazene threat in the UK and Europe should be underestimated, nor that use and supply of these drugs (and other NSOs) will not increase from its current relatively low base. As the NCA recently warned:

    While a zero-tolerance approach from law enforcement, plus advice to users on the heightened dangers, may contain or slow the current uptake, we must prepare for these substances to become widely available, both unadvertised in fortified mixes and in response to user demand as a more potent high.

    The future of new synthetic opioids

    Predicting the future of NSO use and trafficking is a challenging task. Projections for Europe range from existing opiate stockpiles ensuring that heroin consumer markets remain serviced (assuming the Taliban ban is short-lived), to a heroin shortage which results in more drug dealers turning to NSOs to plug the shortfall, which in turn could lead to lasting changes in European drug markets (as happened in a few countries following the Taliban’s first opium ban in 2000-01).

    In such a scenario, it is possible that Turkish criminal networks may exploit their links with Mexico’s Sinaloa cartel to source NSOs. Mexican criminal gangs also operate in Europe, which may increase the likelihood of them trying to open a new NSO market on the continent.

    There is also evidence that some Italian criminal organisations have entered the NSO marketplace. In November 2023, Italian authorities announced the seizure of 100,000 doses of synthetic drugs, including fentanyl, as part of operation Painkiller, a joint Italian-American initiative.

    Given the many advantages for criminal groups of NSOs, it seems likely they are here to stay. A key question is whether nitazenes (or other NSOs) will supplant traditional heroin as the opioid of choice, as they have done in the US, or remain at relatively low levels in Europe, co-existing with or mixed into the heroin supply.

    In December 2023, Paul Griffiths, the EUDA’s scientific director, told Vice: “We’re not seeing much new initiation of heroin use in Europe. So in five to ten years … as heroin users get older and more vulnerable, we’re not going to have much of an opiate problem left.”

    But he warned that if heroin use does dry up: “You might then see opioids appearing in other forms and preparations, such as pills, that could potentially become popular among younger age groups who currently do not appear attracted to injecting heroin.”

    While previous NSO outbreaks in the UK were relatively short-lived and limited in scale, the most recent nitazene outbreak, which started in summer of 2023, has been more sustained, covered more parts of the UK, and involved more fatalities. The broader trend in Europe also suggests the prevalence and variations of NSOs are increasing at a faster pace than in previous years.

    Notwithstanding, nitazene use and supply in the UK currently remains relatively low. In fact, the rate of nitazene-linked deaths – at least those officially reported – decreased between spring 2024 and the end of the year.

    In the short term, then, it seems unlikely there will be a nitazene “explosion”. Rather, criminal groups will probably try to increasingly embed nitazenes into the UK drug market at a similar pace to the last 18 months.

    However, this situation could change rapidly in future, especially if larger criminal networks involved in heroin importation switch to smuggling NSOs, and there is a genuine shortage of Afghan heroin. This problem would be compounded if drug users start seeking nitazenes, thus creating demand for them.

    Either way, the UK government, along with its European partners, should continue to reinforce the whole drug system, to prepare for the worst-case scenario.


    For you: more from our Insights series:

    • ‘When he’s not on drugs, he’s a good person’ – one community’s story of meth use and domestic violence

    • For people with mental illness, drugs and alcohol can be a key survival strategy. I’ve learned they shouldn’t have to ‘get clean’ to get treatment

    • Drug deaths are rising and overdose prevention centres save lives, so why is the UK unwilling to introduce them?

    • What my 20 years in Afghanistan taught me about the Taliban – and how the west consistently underestimates them

    To hear about new Insights articles, join the hundreds of thousands of people who value The Conversation’s evidence-based news. Subscribe to our newsletter.

    Philip A. Berry 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. ‘There has never been a more dangerous time to take drugs’: the rising global threat of nitazenes and synthetic opioids – https://theconversation.com/there-has-never-been-a-more-dangerous-time-to-take-drugs-the-rising-global-threat-of-nitazenes-and-synthetic-opioids-247268

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: The US tried high tariffs and ‘America first’ policies in the 1930s. Trump should note what happened next

    Source: The Conversation – UK – By Thomas Gift, Associate Professor and Director of the Centre on US Politics, UCL

    Donald Trump has hit the 30-day pause button on imposing 25% tariffs on Canada and Mexico, but is proceeding with slapping 10% tariffs on Chinese imports, and tariffs on the EU are still on his agenda.

    Trump has declared that “tariff” is “the most beautiful word in the dictionary”. Yet as the president weighs up the sweeping consequences of his tariff fixation, he may want to throw out the dictionary and pick up a history book.

    The magnitude and scale of the proposed tariffs hark back to the US Smoot-Hawley Tariff Act enacted in 1930.

    For example, Nobel Laureate economist Paul Krugman told Bloomberg that “we’re really talking about tariffs on a scale that we … have not seen,” adding that “we’re talking about a reversal of really 90 years of US policy”.

    The Smoot-Hawley tariffs were initially intended to provide support to the deeply indebted US agricultural sector at the end of the 1920s, and protect them from foreign competition – all familiar themes to the anti-free-trade rhetoric peddled by Trumpists today.

    The advent of the Great Depression had generated widespread, albeit not universal, demands for protection from imports, and Smoot-Hawley increased already significant tariffs on overseas goods. Members of Congress were eager to provide protection, trading votes in exchange for support for their constituents’ industries.

    Although at the time more than 1,000 economists implored President Herbert Hoover to veto Smoot-Hawley, the bill was signed into law. The resulting tariff act led to taxes averaging nearly 40% on 20,000 or so different types of imported goods.

    The history of trade tariffs in the US.

    The culmination led to a dramatic decline in US trade with other countries, particularly among those that retaliated, and is widely acknowledge as severely worsening the Great Depression. According to one estimate, the sum of US imports plummeted by nearly half.

    What’s more, the impacts were felt globally. Protectionist policies are believed to have accounted for about half of the 25% decline in world trade, and indirectly helped create economic factors that led to the second world war.

    The blowback against Capitol Hill was immense as well: the optics of vote trading over the tariff act resulted in Congress delegating control over trade policy to the president just four years later because the behaviour was regarded as so reckless.

    All of this came against the backdrop of diplomatic American isolationism in the 1930s, which were not unlike many of Trump’s current efforts to retreat from – or even attack – multilateral institutions.

    Despite President Woodrow Wilson winning the Nobel Peace Prize in 1919 for his work initiating the League of Nations (a forerunner of the United Nations), for example, the US never became a member. The term “America first” was also used widely in this period to refer to a focus on domestic policy and high tariffs.

    Fast forward to present day

    Trump has said that his tariffs will cause “some pain” but are “worth the price that must be paid.” Based on recent estimates from the non-partisan Peterson Institute for International Economics, Trump’s tariffs could drive up costs for the average US household more than US$1,200 (£963) per year.

    Whether US voters will still stand behind Trump when actual prices begin to rise is still to be determined.

    However, many Republicans on Capitol Hill have rushed to Trump’s defence. Congresswoman Claudia Tenney of New York told Fox News that she’s glad the US is “projecting strength for once on the world stage”. Senator Eric Schmitt of Missouri insisted that tariffs were “not a surprise,” emphasising that Trump had relentlessly campaigned on “improving our standing in the world.”

    Perhaps the sharpest Republican rebuke came from Sen. Mitch McConnell of Kentucky, who labelled the tariffs simply a “bad idea”.

    Public opinion data show that tariffs are hotly contested, with partisanship shaping both general views toward tariffs and views on specific national targets.

    According to a January 2025 Harvard CAPS/Harris poll, 52% of Americans overall approve of placing new tariffs on China, with 74% of Republicans in favour, but just 34% of Democrats.

    Support is more modest for imposing tariffs on America’s neighbours. Only 40% of voters think tariffs on Canada and Mexico are a good idea, including 59% of Republicans and 24% of Democrats.

    Tariffs rank low on a list of national priorities. A mere 3% of Americans think tariffs on Canada and Mexico should be a top priority for Trump in his first 100 days, while just 11% rank tariffs on China as a top priority.

    Prospect of a broader trade war

    What seems clear is that Trump’s proposed tariffs against Canada, Mexico, and China could be just the opening salvos in a broader tit-for-tat that may extend to Europe, and beyond.

    At home, the political challenge for Trump is to keep intact what increasingly looks like a fragile coalition – balancing the interests of hardline Maga supporters who reject free trade and tech titans who see tariffs as disrupting vital supply chains, especially to Asia.

    After Trump’s election, former adviser and populist nationalist Steve Bannon warned that America would no longer be “abused” by “unbalanced trade deals.” “Yes, tariffs are coming,” he said. “You will have to pay to have access to the US market. It is no longer free, the free market is over.”

    Meanwhile, Silicon Valley has been mostly silent on the tariffs. While tech moguls are doubtlessly trying to curry favour for tariff exemptions or the reduction of tariffs altogether, it’s possible that they have been assured that the tariffs are about leverage and will be gone soon enough.

    Regardless, Trump is showing that tariffs are a crucial part of his “America first” foreign policy, a kind of belligerent unilateralism that treats allies and adversaries alike as pieces to be moved around a chessboard.

    Under Trump, the “art of the deal” means throwing America’s weight around as the world’s economic superpower, and waiting for the leaders of other nations to fold. Whether American voters will endure the economic costs necessary for his plans could determine his resolve.

    Trump may think that tariff is a beautiful word now. But if even a glimmer of the 1930s repeats itself, its economic shadow could soon look grim.

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

    – ref. The US tried high tariffs and ‘America first’ policies in the 1930s. Trump should note what happened next – https://theconversation.com/the-us-tried-high-tariffs-and-america-first-policies-in-the-1930s-trump-should-note-what-happened-next-249079

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: Experts have challenged the medical case against Lucy Letby. What about the statistical evidence?

    Source: The Conversation – UK – By Christian Yates, Senior Lecturer in Mathematical Biology, University of Bath

    An international panel of medical experts have thrust Lucy Letby back into the spotlight. At a press conference convened by Letby’s legal team, the experts cast doubt over the former nurse’s conviction. Letby was given 15 whole-life sentences for murdering seven babies and attempting to murder seven more.

    Speaking at the press conference in London, retired neonatologist Dr Shoo Lee told the assembled reporters: “In all cases death or injury were due to natural causes or just bad medical care.”

    Why should we take Dr Lee’s word for it? Well, in part, because he is the author of a key paper on air embolisms, one of the methods that Letby was accused of using to kill babies, which formed a key part of the prosecution’s evidence at the trial.

    He also claims that the paper’s findings were misinterpreted at the trial and that a newly updated version of the article would help exonerate Letby rather than convict her.

    The Letby conviction has always attracted critical attention because there were no witnesses who could confirm they saw her attacking any of the babies she was convicted of murdering. Nor did anyone see her perform actions that could have constituted the attempted murders of seven others.

    Consequently, the prosecution used statistics alongside the medical evidence the expert panel has now cast doubt upon. So how solid is that statistical evidence?

    A key piece of statistical evidence is a chart which showed that Lucy Letby was on duty every time one of the crimes of which she was accused occurred, but that none of the other nursing staff were.

    On the face of it, it seems quite damning. But when you think about it, it’s unsurprising that Letby’s column is the only one full of crosses. Any of the events at which she was not present she would not have been charged with and consequently wouldn’t appear on the chart.

    This is an example of what is known in statistics as the Texas sharpshooter fallacy.

    The fallacy is named for a story about a Texan cowboy who likes to head out to his barn after a few drinks for target practice. Invariably, the barn wall gets peppered with random bullet holes during the inebriated exercise, and purely by chance some of these holes are clustered.

    One morning the savvy “sharpshooter” gets out his paint cans and daubs a target around this cluster of holes to give the impression of accuracy to anyone who didn’t see the process by which they were made and to draw attention away from the other more dispersed bullet holes.

    The sharpshooter fallacy occurs when a conclusion is drawn based only on data consistent with a given hypothesis, ignoring data that doesn’t support the proposed conclusion.

    Imagine, for example, you made a chart similar to the one used to convict Letby, this time including only those deaths at which a different member of the nursing staff was present. It’s entirely possible – for example, if they were present for deaths at which Letby was not – that their name would be above the only column full of crosses and not Letby’s.

    Indeed, it later transpired that the table did not include six other deaths that occurred during the same period and with which Letby was not charged. The jury was not told about these other deaths.

    As Jane Hutton, a professor of medical statistics at the University of Warwick argues: “If you want to find out what went wrong, you need to consider all deaths, not just a subset of them.”

    She also points out that it’s important to consider how likely the other alternative causes of death were at the struggling Countess of Chester neonatal unit.

    The prosecutor’s fallacy

    The probability of so many deaths on a neonatal unit in such a short period should be quite low. At first glance, this might seem to make the alternative explanation of murder seem more likely. But this is a classic statistical error.

    This mistake is so common in courtrooms that it is known as the prosecutor’s fallacy. The argument starts by showing that, if the suspect is innocent, seeing a particular piece of evidence is extremely unlikely.

    For Letby, this is the assertion that if she was innocent of killing these babies, the probability of them dying due to other causes is extremely low. The prosecutor then deduces, incorrectly, that an alternative explanation – the suspect’s guilt – is extremely likely.

    The argument neglects to take into account any other possible alternative explanations, in which the suspect is innocent, such as the death of these babies due to inadequate care. It also neglects the possibility that the explanation that the prosecution is proposing, in which the suspect is guilty, may be just as uncommon as the alternative explanations, if not more so.

    By just presenting the low probability of these seven babies dying naturally, the inference that an untrained jury is invited to draw runs something along these lines: “The deaths of these babies from natural causes is extremely rare, so the odds that the deaths are the result of murder is correspondingly extremely high.”

    However, it must also be taken into account, when weighing up the evidence, that multiple infant murders are also extremely uncommon. What really matters is the relative likelihoods of the different explanations. Weighing these very unusual events against each other is not an easy thing to do.

    Criminal cases review

    Other statistical issues with the case also deserve more attention: the high number of deaths at the Countess of Chester, even excluding the babies that Letby has been convicted of murdering. Or the possibility of false positive medical identifications of murder, for example.

    Whether Letby’s team’s appeal to the Criminal Cases Review Commission will be successful or not remains to be seen. The statistical issues over the case, when taken alongside the doubts about the medical evidence, mean that there is certainly a possibility.

    Throughout all this, it’s important to remember the families affected by the events at the Countess of Chester Hospital. Whatever the ultimate truth of the matter, this ongoing case will undoubtedly make dealing with their grief more difficult.

    Christian Yates 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. Experts have challenged the medical case against Lucy Letby. What about the statistical evidence? – https://theconversation.com/experts-have-challenged-the-medical-case-against-lucy-letby-what-about-the-statistical-evidence-249221

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI United Kingdom: expert reaction to Public Accounts Committee report on Carbon Capture, Usage, and Storage (CCUS) Technologies

    Source: United Kingdom – Executive Government & Departments

    February 7, 2025

    Scientists comment on the Public Accounts Committee (PAC) report on Carbon Capture, Usage and Storage (CCUS) technologies. 

    Prof Hannah Chalmers, Personal Chair of Sustainable Energy Systems, Institute for Energy Systems, School of Engineering, University of Edinburgh, said:

    “CCUS technologies can play a unique role in tackling carbon dioxide emissions.  They can be used at large industrial sites to ensure that most of the carbon dioxide produced by activities like iron and steel production is not emitted to the atmosphere.  Instead, the carbon dioxide is permanently stored in geological formations (rocks).  In the UK, CCUS projects are developing plans to store carbon dioxide in layers of rock that are deep underneath the sea.

    “There is also ongoing work to develop and deploy cost-effective approaches to remove carbon dioxide directly from the air.  This provides an important option to respond to the widely reported increases in carbon dioxide levels in the atmosphere that are causing significant concern.

    “There is significant evidence that including CCUS in a mix of technologies to reduce carbon dioxide emissions will be the most cost-effective way to address climate change.  Several large-scale projects have been operating in other countries for many years.  Experience from these projects is being used to ensure that the CCUS projects that are being developed in the UK are designed to be reliable and cost-effective.”

     

    Dr Stuart Gilfillan, Reader in Geochemistry, University of Edinburgh, said:

    What is CCUS technology, how does it work, does it have limitations?

    “CCUS stands for Carbon Capture, Utilisation, and Storage, which is a developing technology which reduces the amount of carbon dioxide (CO2) released into the atmosphere. It works by capturing CO2 at the point source, transporting it and then burying it for safe storage in rocks over a kilometre below the ground surface. Like any technology, it has pros and cons, and costs more than simply releasing the CO2 directly to the atmosphere, which is currently free. CCUS is the only currently available technology that can directly reduce CO2 emissions from sources like power plants and industrial processes. Given that global temperature records are now being broken on an almost daily basis and yesterday’s announcement of the hottest January on record, it is essential tool in the urgent fight against runaway climate change.

    What is the existing evidence around the efficacy of CCUS?

    “CO2 capture technology has proven successful in capturing up to 90-95% of CO2 emissions from point of sources from power stations and industrial facilities. Successful examples include the Boundary Dam power station in Saskatchewan, Canada, where a large-scale CCUS unit has been operational since 2014, capturing about 1 million tonnes of CO2 per year.

    “The long-term storage of CO2 is proven by natural CO2 reservoirs around the world and engineered projects like Sleipner in the North Sea, which have been injecting CO2 beneath the seabed since 1996 without significant issues. Research over the past two decades has developed monitoring technologies that can detect and mitigate potential leakage and to ensure that CO2 remains securely buried in rocks deep underground.

    What more evidence may be needed to be confident in its applications?

    “No more evidence is required, as exemplified by the UK’s Climate Change Committee (CCC), which is an independent body established under the Climate Change Act who advise the government on emissions targets and report to Parliament on progress made in reducing greenhouse gas emissions. The CCC is clear that CCUS is a critical technology for the decarbonisation of the UK economy, particularly in sectors that are hard to decarbonize directly, such as heavy industry (steel, cement, chemicals) and power generation.

    “CCUS is not only as a standalone technology but is an essential part of a broader strategy to reach net-zero emissions by 2050. It compliments energy efficiency, renewable energy deployment, and electrification. CCUS is a clear driver for regional economic development, particularly in regions with suitable geological storage sites and industrial bases, such as the East Coast of Scotland, the Humber region, and North East England, areas that have been ‘left behind’ in recent times.”

     

    Dr Tim Dixon, IEA Greenhouse Gas, Director and General Manager, said:

    “Carbon Capture and Storage (CCS) is a necessary technology for the UK and other countries to achieve net-zero, and we need all low-carbon energy technologies. The science case for the role of CCS is provided by the UK’s Climate Change Committee, the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) and cannot be disputed if climate change is to be taken seriously. The key aspect of CCS is the secure long-term retention of CO2 in deep geological formations, and we have decades of experience in this from around the world. With over 40 large scale projects in operation injecting millions of tonnes every year and many pilot-scale projects, this has allowed us to test the science, the monitoring and the practicalities of geological storage of CO2. Hence CO2 geological storage is a proven technology and the regulations to enable and to ensure that it is safe and secure are based upon this sound science and experience. ”

     

    Professor Paul Fennell FIchemE, Professor of Clean Energy, Imperial College London, said:

    “The idea that Carbon Capture and Storage is an unproven technology is simply untrue.  There are projects ongoing around the world, and millions of tonnes of CO2 have been safely stored over the last couple of decades.  This has not happened in the U.K. because of our sclerotic inability to develop public infrastructure, not because the technology is unproven.”

     

    Dr Greg Mutch, Researcher in Carbon Capture and Storage, Newcastle University, said:

    “Carbon capture and storage is a technology that prevents carbon dioxide from entering the atmosphere, by capturing it and storing it underground in ‘empty’ oil & gas reservoirs or saline aquifers. According to the world’s foremost experts on the subject, gathered to contribute the International Panel on Climate Change, carbon capture and storage processes are necessary to achieve climate change mitigation goals at lowest cost. Without scalable CCS technologies by the end of the century, climate change mitigation will cost between 29 and 297% (mean value 138%) more.[1] Moreover, CCS is predicted to provide tens of thousands of jobs in the UK, add several billion pounds in terms of gross value added per year by 2050,[2] and enable other important technologies (hydrogen production etc) that will come with further jobs and economic value.”

    [1] IPCC, 2018: Global Warming of 1.5 °C. An IPCC Special Report on the impacts of global warming of 1.5 °C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty, ed. V. Masson-Delmotte, P. Zhai, H.-O. Portner, D. Roberts, J. Skea, P. R. Shukla, A. Pirani, W. Moufouma-Okia, C. Pean, R. Pidcock, S. Connors, J. B. R. Matthews, Y. Chen, X. Zhou, M. I. Gomis, E. Lonnoy, T. Maycock, M. Tignor and T. Waterfield, Cambridge University Press, 2018.

    [2] Energy Innovation Needs Assessment Sub-theme report: Carbon capture, utilisation, and storage, Vivid Economics, Carbon Trust, E4tech, Imperial College London, Frazer-Nash Consultancy, Energy Systems Catapult. Commissioned by the Department for Business, Energy & Industrial Strategy, 2019.

    Professor Peter Styring, Director of the UK Centre for Carbon Dioxide Utilization, Professor of Chemical Engineering & Chemistry, University of Sheffield, said:

    What is CCUS technology, how does it work, does it have limitations?

    “CCUS is carbon capture and storage. This has been primarily focused on CCS as the main driver. It aims to capture carbon dioxide from emitters such as power stations and industries. The current technology temperature swing absorption (TSA)  using a chemical reaction with an aqueous amine solvent to capture the CO2 from the mixed waste gas and then to release it in a purified form by increased temperature chemical desorption and then further drying and purification to get a gas that can be in theory transported to a site where the gas can be stored underground. It works but at a high energy cost and the production of amine decomposition products that need to be removed and more amine added. It costs a lot!

    “Limitations are the energy and financial costs, permitting regulations on solvent disclosure and the large physical footprint. Full system lifecycle analysis is required but this is not always reported.”

    What is the existing evidence around the efficacy of CCUS?

    “This is not proven using current technologies. The problem is that the current government funded projects use old technologies to achieve CCS and what is actually needed is a step change to new, lower cost more efficient processes such as solid based pressure swing adsorption (PSA). The whole system tends to be simpler and the energy costs and land use is significantly reduced.”

    What more evidence may be needed to be confident in its applications?

    “Full evaluation of new technologies and rapid acceleration from proof of concept to capture at scale. The Innovate UK funded Flue2Chem project is a good example of how this is being addressed using mid-TRL technologies. The UK also needs to move away from a single minded storage approach to adding value through the use of CO2 in the production of chemicals that would otherwise be sourced from virgin fossil carbon. SUSTAIN project is making synthetic fuels from captured CO2 and Flue2Chem is making FMCG components, including surfactants and precursors from the CO2.”

     

    Dr Stuart Jenkins, Net Zero Fossil Fuel Fellow, University of Oxford, said:

    “The Public Accounts Committee are wrong to have labelled CCUS as ‘unproven’, there are many commercial scale projects around the world, but they are right to question the current model for funding it. We need to make sure the CCUS industry becomes self-sustaining, without the need for major taxpayer funding. One option — asking fossil fuel suppliers to contribute to these costs via a carbon storage mandate — is a fair and responsible approach going forward.

    In a recent report we published working with researchers at the University of Oxford and Carbon Balance Initiative [1] we looked at the use of Carbon Storage Mandates, which place an obligation on fossil fuel producers to capture and store a rising fraction of the CO2 they produce, to support the UK’s CCUS industry. 

    Carbon storage mandates, in tandem with carbon pricing and other mechanisms, could deliver subsidy-free CCUS to the UK and provide investment certainty for companies.”

    [1]- https://www.carbon-balance.earth/briefs-reports/report-markets-and-mandates 

    https://committees.parliament.uk/committee/127/public-accounts-committee/news/205139/carbon-capture-high-degree-of-uncertainty-whether-risky-investment-by-govt-will-pay-off/#:~:text=In%20a%20report%20published%20today,and%20the%20cost%20of%20living

    Declared interests

    Dr Stuart Jenkins Our report was funded by the Carbon Capture and Storage Association, and consulted regulators, fossil fuel companies, capture and storage entities, UK Government, and academics on models for CCUS sector support packages. 

    Professor Paul Fennell: No conflicts other than being involved in CCs research.

    Dr Tim Dixon: “Tim is a Director of IEA Environmental Projects Ltd (UK), a Non-Executive Director on the Board for The International CCS Knowledge Centre (Canada). He is also proud to be an Honorary Senior Research Fellow at the Bureau of Economic Geology, University of Texas in Austin, and an Honorary Lecturer at the School of Geosciences at University of Edinburgh. He was an original Board Member of the UK CCS Research Centre. Previously he worked in CCS, emissions trading, clean energy technologies and related areas for AEA Technology (ETSU), for the UK Government‘s Department of Trade and Industry (DTI) and for the Global CCS Institute. He was the EU’s Lead Negotiator for getting CCS in the CDM in UNFCCC in 2011, and a UK negotiator for getting CCS in the London Convention 2004-7, in OSPAR 2006-7, in the EU Emission Trading Scheme 2004-8, and inputting to the EU CCS Directive 2007-8. He gives talks on climate and CCS to schools and public organisations and supported the start of Oxford Climate Society at the University of Oxford. He is a Fellow of the UK Energy Institute, and member of the UK Institute of Physics and the UK Environmental Law Association.”

    Dr Stuart Gilfillan “I have received funding from TotalEnergies in the past, for research related to CO2 origins in the subsurface and reservoir connectivity and Equinor on CO2 dissolution in natural CO2 reservoirs. I currently receive funding from the Natural Environment Research Council and Carbfix on CO2 mineralisation.”

    Prof Hannah Chalmers “I work collaboratively with industrial partners who are developing CCUS projects in the UK (e.g. as a member of the Advisory Board for the Industrial Decarbonisation Research and Innovation Centre).  I currently receive no funding from industry, but have received funding from industrial partners who are actively developing CCUS projects in the UK in the past (e.g. SSE plc).”

    Professor Peter Styring: Peter is Professor of Chemical Engineering and Chemistry at the University of Sheffield (an investigator on Flue2Chem and SUSTAIN) and a Co-founder and Director of CCU International.

    For all other experts, no response to our request for DOIs was received.

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI Canada: Premier Moe Travels to Washington and Mexico to Support Canada U.S. Trade

    Source: Government of Canada regional news

    Released on February 7, 2025

    Premier Scott Moe will travel to Washington D.C. this week for meetings with U.S. elected representatives, industry organizations and to participate in the premier’s Council of the Federation (COF) joint-mission to Washington. 

    Prior to the COF mission, Premier Moe will meet with U.S. elected representatives and businesses to emphasize the strong trade relationship between Canada and the U.S, and the role Saskatchewan plays in supplying the continent with energy and food security. 

    “It’s important in the current economic environment that we engage with our counterparts in the United States to emphasize the shared benefit of trade between our two countries and turn the conversation toward building on those strengths rather than jeopardizing them with tariffs,” said Moe. 

    The U.S. is Saskatchewan’s largest and most important trading partner. About $40 billion worth of imports and exports cross the border every year. The current tariff-free border allows businesses to add value to products and economies, whether flowing from north to south or vice versa.

    Premier Moe’s meetings will focus on maintaining strong Canada-U.S. relations by addressing shared issues such as the economy, energy, supply chains and the impacts of the Trump Administration’s proposed tariffs.

    Premier Moe will also express Saskatchewan’s support for strong measures to secure the Canada-U.S. border. 

    “Strengthening border security and preventing the flow of illicit drugs like Fentanyl is a concern that has been identified by the U.S. and one that I share,” Moe added. “We are already taking action as a province through our Border Security Plan to ensure we have more officers and law enforcement presence at the Saskatchewan-U.S. border.”

    The Council of the Federation’s joint-mission to Washington will allow all thirteen premiers to present a united voice on the important benefits that free-trade brings to Canada and the U.S. and the concern over the negative impact of tariffs to consumers and businesses on both sides of the border. 

    The COF program will take place on Feb 12 and will include meetings with U.S. elected representatives, business leaders and the Canada American Business Council. 

    Following the COF mission Premier Moe will travel to Mexico to engage with business and elected officials to advance relationships with this key trading partner. 

    Over the course of the next few weeks, Premier Moe and multiple cabinet Ministers will be travelling within Canada and beyond to advocate for Saskatchewan’s interests. These engagement efforts will focus on promoting the province as a global supplier of food and energy security, while strengthening relationships with our key international trading partners. 

    -30-

    For more information, contact:

    MIL OSI Canada News –

    February 8, 2025
  • MIL-OSI: Canoe Financial wins three 2024 FundGrade A+ Awards for outstanding performance

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 07, 2025 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe Financial”) is recognized with three 2024 FundGrade A+® Awards for outstanding performance.

    Canoe Financial 2024 FundGrade A+ Award winning funds:

    FundGrade calculation date 12/31/2024.

    The FundGrade A+® rating recognizes the best performing funds that deliver the most consistent risk-adjusted returns. It is a yearly award that honours the “best of the best” among Canadian investment funds that have maintained a high FundGrade rating throughout a calendar year.

    “These awards are a testament to the strength of our investment philosophy and the dedication of our team. At Canoe Financial, we’re committed to helping Canadians build lasting wealth through disciplined, active management and a focus on delivering consistent, long-term performance,” said Darcy Hulston, President and Chief Executive Officer, Canoe Financial.

    About Canoe Financial
    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing $20 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    About FundGrade A+ Awards
    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    Canoe Equity Portfolio Class Series, Canadian Focused Equity category out of a total of 70 funds: 20.20% (1 year), 9.46% (3 years), 14.48% (5 years), 10.16% (10 years) and 8.02% (since inception-February 2011); Canoe Asset Allocation Portfolio Class, Tactical Balanced category out of a total of 56 funds: 14.65% (1 year), 6.35% (3 years), 10.46% (5 years), 7.36% (10 years) and 5.85% (since inception-February 2011); Canoe North American Monthly Income Portfolio Class, Global Neutral Balanced category out of a total of 224 funds: 13.40% (1 year), 6.22% (3 years), 8.25% (5 years), 6.47% (10 years) and 7.25% (since inception- December 2012).

    Further information
    Investor Relations
    Canoe Financial LP
    1–877–434–2796
    info@canoefinancial.com

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    The MIL Network –

    February 8, 2025
  • MIL-OSI: Track Group Reports 1st Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NAPERVILLE, Ill., Feb. 07, 2025 (GLOBE NEWSWIRE) — Track Group, Inc. (OTCQB: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2024 (“Q1 FY25”). In Q1 FY25, the Company posted (i) total revenue of $8.7 Million (“M”), a decrease of approximately 3.3% over total revenue of $9.0M for the quarter ended December 31, 2023 (“Q1 FY24”); (ii) Q1 FY25 operating income of $0.1M compared to Q1 FY24 operating loss of ($0.2M); and (iii) net loss attributable to common shareholders of ($2.0M) in Q1 FY25 compared to net income attributable to common shareholders of $0.1M in Q1 FY24.

    “The quarter ending December 31, 2024 showed increases in gross profit, operating income and Adjusted EBITDA. This progress reflects the increased use of our products and services in legacy programs and continued expansion through newly awarded contracts domestically and abroad. With a strong pipeline and a commitment to delivering value, we are poised for continued success in fiscal year 2025,” said Derek Cassell, Track Group’s CEO. 

    FINANCIAL HIGHLIGHTS

    • Total Q1 FY25 revenue of $8.7M decreased approximately 3.3% compared to Q1 FY24 revenue of $9.0M. The decrease in revenue was driven principally by a decrease in people assigned to monitoring for clients in Michigan and Virginia, and our recently sold Chilean subsidiary. This decrease was partially offset by revenue increases for clients in Illinois, Puerto Rico and the Bahamas who experienced increases in the number of people assigned to monitoring.
    • Gross profit of $4.4M in Q1 FY25 increased approximately 5.2% compared to Q1 FY24 gross profit of $4.2M due to a decrease in monitoring center costs, partially offset by a decrease in revenue.
    • Operating income in Q1 FY25 of $0.1M increased compared to the operating loss of ($0.2M) in Q1 FY24. The increase in net income in Q1 FY25 is primarily due to a decrease in cost of revenue and a decrease in operating expense.
    • Adjusted EBITDA for Q1 FY25 of $1.2M, increased compared to $1.1M for Q1 FY24 due to an increase in operating income and gross profit. Adjusted EBITDA in Q1 FY25 as a percentage of revenue increased to 14.4%, compared to 11.8% for Q1 FY24 for the same reasons.
    • Unrestricted cash balance of $3.7M for Q1 FY25 increased compared to $3.6M for Q1 FY24. The change in cash position was principally due to the sale of our Chilean subsidiary.
    • Net loss attributable to shareholders in FY24 was ($2,010,849) compared to net income of $461 in FY23, a change principally attributable to lower revenue and a foreign currency exchange rate loss.

    Business Outlook

    Growth in gross profit and operating income in Q1 FY25 reinforces our confidence in the strategic reinvestment in technology and the implementation of new programs initiated in late FY23. These endeavors position us well for sustained growth throughout FY25. As a result, the Company’s preliminary outlook for FY25 is as follows: 

      Actual     Outlook
      FY 2023     FY 2024     FY 2025
    Revenue: $34.5 M   $36.9 M   $35M  –  $36M
                   
    Adjusted EBITDA Margin: 11.1 %   14.6 %   14%  –  15%


    About Track Group, Inc.
    Track Group designs, manufactures, and markets location tracking devices; as well as develops and sells a variety of related software, services, and accessories, networking solutions, and monitoring applications. The Company’s products and services are designed to empower professionals in security, law enforcement, corrections, and rehabilitation organizations worldwide with single-sourced offender management solutions that integrate reliable intervention technologies to support re-socialization and monitoring initiatives.

    The Company currently trades under the ticker symbol “TRCK” on the OTCQB exchange. For more information, visit www.trackgrp.com.

    Forward-Looking Statements
    Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Track Group, Inc., and subsidiaries (“Track Group”) are intended to identify such forward-looking statements. These statements are only predictions and reflect Track Group’s current beliefs and expectations with respect to future events and are based on assumptions and subject to risks and uncertainties and subject to change at any time. Track Group may from time-to-time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Track Group’s annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. New risks emerge from time to time. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

    Non-GAAP Financial Measures
    This release includes financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission including non-GAAP EBITDA. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles. Reconciliations of these non-GAAP financial measures are based on the financial figures for the respective period.

    Non-GAAP Adjusted EBITDA excludes items included but not limited to interest, taxes, depreciation, amortization, impairment charges, gains and losses, currency effects, one-time charges or benefits that are not indicative of operations, charges to consolidate, integrate or consider recently acquired businesses, costs of closing facilities, stock based or other non-cash compensation or other stated cash and non-cash charges (the “Adjustments”).

    The Company believes the non-GAAP measures provide useful information to both management and investors when factoring in the Adjustments. Specific disclosure regarding the Company’s financial results, including management’s analysis of results from operations and financial condition, are contained in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2023, and other reports filed with the Securities and Exchange Commission. Investors are encouraged to carefully read and consider such disclosure and analysis contained in the Company’s Form 10-K and other reports, including the risk factors contained in such Form 10-K.

    TRACK GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
     
      (Unaudited)          
      December 31,     September 30,  
      2024     2024  
    Assets              
    Current assets:              
    Cash $ 3,740,043     $ 3,574,215  
    Accounts receivable, net of allowance for credit losses of $525,141 and $432,904 respectively   5,319,041       4,428,535  
    Prepaid expense and deposits   420,680       638,293  
    Inventory, net of reserves of $99,041 and $82,848, respectively   811,992       582,481  
    Assets held for sale   –       969,481  
    Total current assets   10,291,756       10,193,005  
    Property and equipment, net of accumulated depreciation of $293,419 and $430,003, respectively   351,353       317,206  
    Monitoring equipment, net of accumulated depreciation of $5,145,204 and $5,982,972, respectively   4,550,033       4,598,864  
    Intangible assets, net of accumulated amortization of $19,954,086 and $19,699,966, respectively   13,415,776       13,959,571  
    Goodwill   7,913,369       7,941,190  
    Other assets, net   1,238,608       660,170  
    Total assets $ 37,760,895     $ 37,670,006  
                   
    Liabilities and Stockholders’ Equity (Deficit)              
    Current liabilities:              
    Accounts payable $ 3,336,084     $ 3,082,467  
    Accrued liabilities   2,542,932       2,639,318  
    Liabilities held for sale   –       732,028  
    Total current liabilities   5,879,016       6,453,813  
    Long-term debt, net of current portion   42,659,634       42,639,197  
    Long-term liabilities   679,823       186,407  
    Total liabilities   49,218,473       49,279,417  
                   
    Stockholders’ equity (deficit):              
    Common stock, $0.0001 par value: 30,000,000 shares authorized; 11,863,758 and 11,863,758 shares outstanding, respectively   1,186       1,186  
    Preferred stock, $0.0001 par value: 20,000,000 shares authorized; 0 shares outstanding   –       –  
    Series A Convertible Preferred stock, $0.0001 par value: 1,200,000 shares authorized; 0 shares outstanding   –       –  
    Paid in capital   302,600,546       302,600,546  
    Accumulated deficit   (315,274,178 )     (312,691,811 )
    Accumulated other comprehensive loss   1,214,868       (1,519,332 )
    Total equity (deficit)   (11,457,578 )     (11,609,411 )
    Total liabilities and stockholders’ equity (deficit) $ 37,760,895     $ 37,670,006  
    TRACK GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
    (Unaudited)
     
      Three Months Ended
    December 31,
     
      2024     2023  
    Revenue:              
    Monitoring and other related services $ 8,441,307     $ 8,674,485  
    Product sales and other   227,021       292,487  
    Total revenue   8,668,328       8,966,972  
                   
    Cost of revenue:              
    Monitoring, products and other related services   3,508,762       3,973,989  
    Depreciation and amortization included in cost of revenue   735,224       789,463  
    Total cost of revenue   4,243,986       4,763,452  
                   
    Gross profit   4,424,342       4,203,520  
                   
    Operating expense:              
    General & administrative   2,431,118       2,757,887  
    Selling & marketing   901,189       706,531  
    Research & development   669,391       682,463  
    Depreciation & amortization   227,553       239,760  
    Loss on sale of subsidiary   66,483       –  
    Total operating expense   4,295,734       4,386,641  
                   
    Operating income (loss)   128,608       (183,121 )
                   
    Other income (expense):              
    Interest income   2,839       48,162  
    Interest expense   (571,798 )     (486,084 )
    Currency exchange rate gain (loss)   (1,499,262 )     538,945  
    Total other income (expense)   (2,068,221 )     101,023  
    Net income (loss) before income taxes   (1,939,613 )     (82,098 )
    Income tax expense (benefit)   71,236       (82,559 )
    Net income (loss) attributable to common stockholders   (2,010,849 )     461  
    Release of cumulative translation adjustment for sale of subsidiary   1,390,913       –  
    Equity adjustment for sale of subsidiary   571,518       –  
    Foreign currency translation adjustments   771,769       (106,702 )
    Comprehensive income (loss) $ 723,351     $ (106,241 )
    Net income (loss) per share – basic:              
    Net income (loss) per common share $ (0.17 )   $ 0.00  
    Weighted average common shares outstanding   11,863,758       11,863,758  
                   
    Net income (loss) per share – diluted:              
    Net income (loss) per common share $ (0.17 )   $ 0.00  
    Weighted average common shares outstanding   11,863,758       11,863,758  
    TRACK GROUP, INC. AND SUBSIDIARIES
    NON-GAAP ADJUSTED EBITDA DECEMBER 31 (UNAUDITED)
    (amounts in thousands, except share and per share data)
     
      Three Months Ended
    December 31,
     
      2024     2023  
                   
    Non-GAAP Adjusted EBITDA              
    Net income (loss) attributable to common shareholders $ (2,011 )   $ –  
    Interest expense, net   569       438  
    Depreciation and amortization   963       1,029  
    Income taxes (1)   71       (83 )
    Board compensation and stock-based compensation   75       53  
    Foreign exchange expense (gain)   1,499       (539 )
    Loss on sale of subsidiary   66       –  
    Other charges (2)   18       164  
    Total Non-GAAP Adjusted EBITDA $ 1,250     $ 1,062  
    Non-GAAP Adjusted EBITDA, percent of revenue   14.4 %     11.8 %
                   
    Non-GAAP earnings per share – basic:              
    Weighted average common shares outstanding   11,863,758       11,863,758  
    Non-GAAP earnings per share $ 0.11     $ 0.09  
                   
    Non-GAAP earnings per share – diluted:              
    Weighted average common shares outstanding   11,863,758       11,863,758  
    Non-GAAP earnings per share $ 0.11     $ 0.09  
      (1 ) Currently, the Company has significant U.S. tax loss carryforwards that may be used to offset future taxable income, subject to IRS limitations. However, the Company is still subject to certain state, commonwealth, and other foreign based taxes.
           
      (2 ) Other charges are expenses related to the board of directors, severance, and other Chile monitoring center costs for our recently sold subsidiary.

    James Berg
    Chief Financial Officer
    jim.berg@trackgrp.com

    The MIL Network –

    February 8, 2025
  • MIL-OSI USA: Ahead of Big Sports Weekend, King Introduces Legislation to Prohibit Direct to Consumer Pharmaceutical Drug Advertising

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. — U.S. Senator Angus King (I-ME) is introducing legislation to prohibit direct-to-consumer advertising of pharmaceutical drugs. The Responsibility in Drug Advertising Act would prohibit direct-to-consumer (DTC) advertising of a new drug in the first three years after the drug receives Federal Drug Administration (FDA) approval. The FDA could waive the third year of this prohibition if an affirmative value to public health is established or extend the prohibition if the drug has significant adverse health effects.

    The legislation comes as more than 120 million viewers are expected to tune in to Super Bowl LIX this Sunday. Drug advertisers use these high-visibility moments, with millions of eyes on TV screens, to persuade and potentially mislead consumers about specific drugs that can be costlier to patients and possibly hazardous to their health. In the weeks leading up to Super Bowl LIX, the network airing the game has fetched $8 million for each 30-second TV ad slot, as companies pay a premium to tout their newest product to the Super Bowl’s vast audience.

    “The widespread use of direct-to-consumer advertising by pharmaceutical companies drives up costs and doesn’t necessarily make patients healthier. It is misleading and frankly not safe for Maine people and all Americans looking for specific treatments to their conditions,” said Senator King. “The Responsibility in Drug Advertising Act would prohibit direct-to-consumer advertising of recently approved pharmaceutical drugs to protect people over profits. This bill is a great step to ensure that patients are getting the best information possible: we can start by making sure newly-approved drugs aren’t allowed to immediately flood the market with promotional ads before we fully understand their impact on the general public.”

    Before the mid-1980s, drug companies only provided information about their products to doctors or pharmacists, who would then relay information to their patients when appropriate. But during the 1980s, companies started to market their drugs directly to consumers through ads. To date, federal law does not require the FDA to approve advertisements before they are released to the public. The only major requirement is that advertised information must be presented in consumer-friendly language that is readily understandable. 

     The United States and New Zealand are the only two countries that even allow direct to consumer drug advertising. In 2007, the World Health Organization (WHO) made a strong recommendation against direct-to-consumer drug advertising, calling it, “a significant risk of exposing more patients to the adverse effects of new drugs.” A study by Dartmouth College and the University of Wisconsin-Madison found that nearly 60 percent of prescription drug advertisements were misleading or false.

    Senator King has been a leader in working to reduce prescription drug costs and hold pharmaceutical companies accountable for the content of their ads. Most recently, Senator King cosponsored bipartisan legislation which would require price disclosures on advertisements for prescription drugs in order to inform patients who are considering certain medications after seeing television commercials. He has previously introduced legislation to prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses. Senator King has also supported a number of commonsense bills to drive down the costs of prescription medication in the United States including the historic Inflation Reduction Act. Thanks to the Inflation Reduction Act, insulin fees are capped at $35/month, Medicare is able to negotiate drug prices, and a $2,000 yearly cap on out-of-pocket expenses has been instituted for Medicare recipients.

    MIL OSI USA News –

    February 8, 2025
  • MIL-OSI Economics: ICC and Palestine Emerging continue to promote economic opportunity in the Middle East 

    Source: International Chamber of Commerce

    Headline: ICC and Palestine Emerging continue to promote economic opportunity in the Middle East 

    Share this:

    A second meeting of the ICC-Palestine Emerging Steering Committee was held virtually on 7 February, marking a progress-tracking milestone since the collaboration was announced in October 2024. With a focus on the economic development and reconstruction of Gaza and the West Bank, the ICC-Palestine Emerging partnership works to promote strong private sectors across the Middle East.

    Another key achievement has been the formal affiliation of the Federation of Palestinian Chambers of Commerce, Industry and Agriculture (FPCCIA) with the ICC World Chambers Federation. The affiliation will allow Palestinian companies to participate in ICC’s global business events and to gain international market access. It will also provide Palestinian companies with direct access to ICC OneClick, ICC’s gateway supporting SMEs in their export journey, now available in Arabic.

    ICC Secretary General, John W.H. Denton AO said:

    “By combining the breadth and credibility of ICC’s network and expertise with Palestine Emerging’s local insights, this collaboration will continue to foster Palestine’s engagement with the global economy with integrity”

    The ICC-Palestine Emerging partnership has identified 15 workstreams aimed at growing the Palestinian economy, and the Middle East region at large. These include concrete initiatives to strengthen the Palestinian private sector’s involvement with ICC’s global network, including through the establishment of a new national committee.

    ICC is working closely with Palestine Emerging to promote the Palestinian entrepreneurship ecosystem by facilitating engagement between local startups, education institutions and international investors. The initiative also aims to enhance investment attraction efforts and support economic reconstruction, including by developing local arbitration capabilities and bringing ICC’s alternative dispute resolution services to Palestine.

    Senior ICC representatives have actively engaged in Palestine Emerging activities. These include joint events with the United States Institute of Peace in Washington D.C. in December 2024 and the Palestine Emerging International Advisory Group meeting in London in January 2025.

    ICC and Palestine Emerging have secured support from key international players for these joint initiatives through engagement with key government and business leaders.

    As momentum builds, ICC and Palestine Emerging’s collaboration will continue to drive economic opportunity and integration for Palestinian businesses with the global economy.

    MIL OSI Economics –

    February 8, 2025
  • MIL-OSI USA: Warren, Schumer, Senators Launch Probe Into DOGE’s Interference with Department of Education, Access to Federal Student Loan Data

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 07, 2025

    Musk’s Team May Have Obtained Access to Personal Information of Millions of Borrowers; Raises Concerns About Violations of the Law, Failure to Protect Sensitive Information

    “The millions of families who rely on ED to help them achieve the American Dream deserve answers about reports that an unelected billionaire and his team now have access to some of their most sensitive personal information.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) and Senate Minority Leader Chuck Schumer (D-N.Y.) led 14 of their colleagues in sending a letter to Acting Secretary of the Department of Education, Denise Carter, launching a probe into recent reports that Elon Musk’s Department of Government Efficiency (DOGE) has infiltrated the Department of Education (ED) and that “DOGE staffers have gained access to federal student loan data, which includes personal information for millions of borrowers.”

    The letter was joined by Senators Cory Booker (D-N.J.), Richard Durbin (D-Ill.), Jack Reed (D-R.I.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Alex Padilla (D-Calif), Richard Blumenthal (D-Conn.), Tammy Duckworth (D-Ill.), Mazie Hirono (D-Hawaii), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Raphael Warnock (D-Ga.), Ben Ray Luján (D-N.M.), and Ron Wyden (D-Ore.).

    There are over 40 million federal student loan borrowers in the United States. ED’s student loan database contains millions of borrowers’ highly sensitive information, including Social Security numbers, marital status, and income data. 

    “This deeply troubling report raises questions about potential exposures of Americans’ private data, the abuse of this data by the Trump Administration, and whether officials who have access to the data may have violated the law or the federal government’s procedures for handling sensitive information,” wrote the senators.

    According to public reporting, “a handful of 19-to-24-year-old engineers linked to Musk’s companies, with unclear titles, could be bypassing regular security protocols” during DOGE’s infiltration of federal agencies. The senators also raised concerns that the access provided to DOGE-affiliated staff by the Department may violate the Privacy Act, which generally prohibits the disclosure of such information.

    “We are especially troubled by this reporting given President Trump’s stated pledge to abolish the Department,” concluded the lawmakers. “The millions of families who rely on ED to help them achieve the American Dream deserve answers about reports that an unelected billionaire and his team now have access to some of their most sensitive personal information.”

    Additional reporting suggests that DOGE has “fed sensitive data from across the Education Department into artificial intelligence software to probe the agency’s programs and spending.” The 16 senators requested answers from Acting Secretary Carter about DOGE’s access to federal student loan data and any other sensitive databases by February 13, 2025.

    MIL OSI USA News –

    February 8, 2025
  • MIL-OSI United Kingdom: Wolves legend given Freedom of the City of Wolverhampton

    Source: City of Wolverhampton

    The Wolves legend said he was “honoured and a little overwhelmed” after being presented with a scroll, badge and casket when he met the Mayor of Wolverhampton, Councillor Linda Leach, at a special lunch today (Friday 7 February, 2025).

    Freedom of the City is the highest honour the council can bestow and recognises those that represent the city with distinction.

    The former striker was given the honour in recognition of his services to Wolves FC, the Former Wolves Players Association, and his community work.

    John said: “I am very honoured and a little overwhelmed but it is a real privilege. I am aware of some of the people who have received this in the past so I am in esteemed company.

    “I am a Lancastrian by birth but an adopted Wulfrunian. I’ve been connected 
    with the city for a long time – more than half a century, having come here as an 18 year old almost 56 years ago.

    “I’m so proud to be part of this community in Wolverhampton and representing the city and all of the positive things that are happening here right now.”

    Mayor of Wolverhampton Councillor Leach said: “The word legend is banded about all too easily these days, but ‘King’ John Richards certainly fits the bill.

    “He won 2 League Cups, scored an amazing 194 goals for Wolves in a career played entirely in the top flight of English football and remains the club’s second highest goalscorer of all time.

    “Off the pitch he is a superb ambassador for our city, supports former players and their families, raises money for charity and continues to live locally.

    “He is truly deserving of this distinguished honour and on behalf of the people of Wolverhampton, I wish to thank him for all that he has done and continues to do for our city.”

    John, who dedicated almost his entire career to Wolverhampton Wanderers, joined the club in 1969 moving to the Midlands from Warrington and has never left.

    Beloved by Wolves fans, he gained the nickname ‘King John’ and will forever be remembered for scoring the winning goal in the 1974 League Cup Final against Manchester City.

    He has been on the board at Molineux and served a spell as Managing Director. He is now a Vice President.

    As a passionate advocate for Wolves Foundation, the club’s charitable arm, John has actively participated in events such as Molineux Memories, the Molineux Sleepout and Walking Football. Last year he even abseiled down the Billy Wright Stand at Molineux to raise funds for the foundation, despite being in his 70s. His dedication to the Foundation has directly benefitted the residents of Wolverhampton.

    John has joined the ranks of such luminaries as Sir Jack Hayward, Baroness Rachel Heyhoe Flint, Dame Denise Lewis, Beverley Knight MBE, Steve Bull MBE and Hugh Porter MBE in being granted Freedom of the City of Wolverhampton.

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI United Kingdom: The UK launches flagship SPIRIT programme to drive social recovery in Ukraine

    Source: United Kingdom – Government Statements

    • English
    • Українська

    In collaboration with Government of Ukraine, UNICEF and the World Bank, £25m of UK funding will support an inclusive and sustainable social recovery in Ukraine.

    • The SPIRIT programme (Social Protection for Inclusion, Resilience, Innovation and Transformation) will support Ukraine to strengthen more inclusive and efficient social protection systems and revitalise community and family-based services.
    • SPIRIT will support the Foreign Secretary’s priority to ensure a safe and loving family for every child, improving social care services for 10,000 families across 10 regions
    • The programme will help Ukraine lay foundations for a recovery that meets the needs of citizens in all their diversity including people with disabilities, veterans and other war-impacted groups.

    The UK will invest £25 million to strengthen Ukraine’s social protection system and services to support an inclusive and barrier-free recovery. The funding announced during the visit of the Foreign Secretary, David Lammy to Kyiv will catalyse Ukraine’s ambition for reform of the social sphere. This support will help Ukraine to meet the varied needs of the population and accelerate Ukraine’s Euro-Atlantic pathway. The UK will partner with UNICEF Ukraine and the World Bank to deliver SPIRIT, working closely with the Ministry of Social Policy of Ukraine, the European Union and key partners in the social sector.

    The SPIRIT programme recognises that investing in people – and the support and services they need – will be critical for Ukraine’s long-term recovery and socio-economic future.

    Russia’s full-scale invasion has had an immense and devastating human impact in Ukraine. This has been disproportionately felt by the most vulnerable and war-impacted groups, including women, children and families, people with disabilities, older people, veterans, and those in frontline areas.    

    The programme will support Government of Ukraine in their social reform agenda, bringing together Ministries and local government, international financial organisations, donors, civil society, academia, and private sector.

    Following the signing of the ‘Social Recovery and Inclusion Partnership for Ukraine’ by the UK, the Ministry of Social Policy of Ukraine, the European Union, UNICEF and the World Bank at the Berlin Ukraine Recovery Conference 2024, SPIRIT demonstrates commitment of the UK government and partners to support Ukraine’s socio-economic future and further our collaboration.  

    The SPIRIT programme has three main priorities:

    • Improving access to high-quality community and family-based social services for at least 10,000 families with children across 10 regions. In cooperation with the Ministry of Social Policy, we will deliver small grants and capacity-building to 100 civil society and local community actors to enable them to provide social services, while building a local marketplace of accessible service providers and empowering local actors to meet the growing demand for social protection support.

    • Establishing a Social Recovery Office with the Ministry of Social Policy to drive reforms, improve coordination in the sector, and enhance collaboration with international financial institutions and development partners. The Social Recovery Office will help Ukraine respond to pressing demographic challenges, meet the needs of the most vulnerable, and support development of a more robust and inclusive social protection framework.

    • Launching a range of cross-sectoral initiatives that support social recovery and inclusion priorities in Ukraine. Projects will work across health, economic and social sectors, piloting new models of support and services to cater for the most vulnerable and war-impacted groups. This includes women, families with children, people with disabilities, older people, and veterans.  These initiatives will foster human capital, enable inclusive reforms and build the institutional capacity needed for Ukraine to address the demographic, economic, and societal changes driven by the war.

    The SPIRIT programme will support the Foreign Secretary’s campaign to realize family-based care for every child. Ukraine is a key partner in the Foreign Secretary’s new global alliance to progress sustainable, lasting reform of children’s social care around the world. Working with the Government of Ukraine and UNICEF, SPIRIT includes a specific focus on accelerating ‘Better Care Reform’ to strengthen families, prevent separation, and ensure a safe and loving family environment for all Ukrainian children.

    The British Ambassador to Ukraine, Martin Harris said:  

    I am proud that the UK is announcing critical funding for Ukraine’s social recovery. The £25m contribution will strengthen Ukraine’s social systems and services that are under overwhelming pressure from Russia’s brutal invasion. Investing in Ukraine’s social systems is an investment in Ukraine’s people – and we know that Ukraine’s people are its greatest resource.

    SPIRIT is a testament to 100 Year Partnership and shared values between our two countries, including our commitment to meet the needs of women, children, people with disabilities, older people, veterans, and marginalised groups.

    In the very worst of circumstances, Ukraine is pursuing an ambitious reform agenda to build a brighter, fairer and ‘barrier-free’ society.  In partnership with the Government of Ukraine, UNICEF and the World Bank, the SPIRIT programme will drive forward this vision and lay the foundations for a future where the well-being, dignity and potential of every Ukrainian is ensured.

    Oksana Zholnovych, Minister of Social Policy of Ukraine outlined:

    Human capital development is at the centre of Ukraine’s recovery. The SPIRIT programme represents a crucial step in building institutional capacity, strengthening the social protection system and supporting critical reforms to improve efficiency, effectiveness, and inclusion. We are grateful to our partners, the FCDO, World Bank, and UNICEF, for their support and shared commitment to fostering social cohesion, leaving no one behind.

    Munir Mammadzade, UNICEF Representative to Ukraine indicates:

    The SPIRIT programme is a critical investment in protecting and improving the lives of the most vulnerable, especially children and families in need across Ukraine. This initiative will further strengthen national systems and community-based services to nurture and maximize the country’s most important resource, its human capital, to drive inclusive and prosperous growth.

    Bob Saum, World Bank Regional Country Director for Eastern Europe added:

    Addressing social cohesion and inclusion, including meeting the needs of vulnerable populations will contribute to maximizing benefits of Ukraine’s post-war recovery economic growth. The SPIRIT program will help build institutional capacity to support veterans, people with disabilities, and other at-risk groups while advancing Ukraine’s EU integration goals.

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    Updates to this page

    Published 7 February 2025

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI Canada: Securities Lending of the Government’s Holdings of Canada Mortgage Bonds

    Source: Bank of Canada

    The Department of Finance and the Bank of Canada, in its role as the Government of Canada’s fiscal agent, are announcing the launch of securities lending of the government’s Canada Mortgage Bond (CMB) holdings, to support market well-functioning.

    The government is making its CMB holdings available to borrow via CIBC Mellon/BNY’s pre-existing securities lending services, which uses a market-based pricing structure. CIBC Mellon/BNY was selected as agent based on a detailed evaluation of short-listed securities lending agents in the Canadian fixed-income market.

    CMBs will be made available to borrow beginning Monday, February 10, 2025. The government is making its full holdings of CMBs available, and the daily average amounts on loan over the prior month for each security will be published on the Bank’s website by the fifth business day of the following month.

    For further details, including terms and conditions, loan pricing, eligible collateral and to register as an eligible counterparty, please contact CIBC Mellon/BNY directly.

    Note that as previously announced, the government will participate in all fixed-rate CMB syndications proposed for 2025 and will continue to target a total purchase amount of 50% of fixed-rate CMB primary issuances. The Bank of Canada will continue to conduct CMB purchases on the government’s behalf.

    For further information, please contact:

    Director
    Funds Management Division
    Department of Finance Canada
    343‑549‑3651

    Director
    Financial Markets Department
    Bank of Canada

    MIL OSI Canada News –

    February 8, 2025
  • MIL-OSI: SHIB ON SOLANA ($SHIB) – The Next Evolution Of Shiba Has Arrived

    Source: GlobeNewswire (MIL-OSI)

    LEEDI, Estonia, Feb. 07, 2025 (GLOBE NEWSWIRE) — The legend of SHIBA INU continues to evolve, and this time, it’s faster, stronger, and more decentralized than ever before. Introducing $SHIB on Solana, a groundbreaking project that honors the legacy of the original SHIBA INU while leveraging the unparalleled speed, efficiency, and scalability of the Solana blockchain.

    The SHIBA community has long been a symbol of loyalty, innovation, and meme magic. Now, $SHIB on Solana takes this legacy to new heights, combining the spirit of the OG SHIBA with the cutting-edge technology of Solana. This is not just another token—it’s a movement, a tribute, and a revolution in the world of memecoins.

    WHY $SHIB ON SOLANA IS THE NEXT BIG MEME TOKEN?**  

    A Tribute to the OG SHIBA  
    $SHIB on Solana is a heartfelt homage to the original SHIBA INU, celebrating its journey and the values that made it a global phenomenon. By migrating to Solana, the project embraces faster transactions, lower fees, and a more accessible ecosystem, ensuring that the SHIBA spirit reaches even more people worldwide.

    Supply Burn & Scarcity
    In a bold move to ensure scarcity and long-term value, 50% of the total $SHIB supply has already been burned. This strategic burn mirrors the original SHIBA INU’s approach, creating a deflationary model that benefits holders. Additionally, liquidity pool (LP) fees are used to burn both OG SHIB and $SHIB on Solana, further reducing supply and increasing value over time.

    Strategic Airdrops & Liquidity Growth:
    To reward early adopters and true believers, $SHIB on Solana has launched a series of strategic airdrops. These airdrops are designed to incentivize long-term holding rather than short-term speculation. Combined with LP injections, the project ensures market stability and sustainable growth, making it a reliable choice for investors.

    Solana-Powered Growth  
    Built on Solana, $SHIB benefits from the blockchain’s blazing-fast transaction speeds and minimal fees. This makes it easier for users to trade, stake, and participate in the ecosystem without the high costs associated with other networks. Solana’s robust infrastructure and dedicated community provide the perfect foundation for $SHIB to thrive as the next unstoppable force in memecoins.

    THE SHIBA LEGACY CONTINUES – DON’T MISS HISTORY IN THE MAKING!  

    $SHIB on Solana is more than just a token—it’s a bridge between the past and the future. By combining the SHIBA spirit with Solana’s technological prowess, this project is poised to redefine what a memecoin can achieve.

    The question is: Will you be part of it?  

    TOKENOMICS AT A GLANCE  

    • Total Supply: 1,000,000,000
    • Burned Supply: 500,000,000 (50%)
    • Tax: 0%
    • Liquidity Pool (LP): Burned

    JOIN THE PACK. BE PART OF THE TRIBUTE.

    $SHIB on Solana is here to honor the past, embrace the present, and build the future. Whether you’re a longtime SHIBA enthusiast or a newcomer to the world of memecoins, this is your chance to be part of something truly special.

    Welcome to Shib on Solana.  

    For more information, visit https://shibonsol.io/ or follow us on social media.

    About Shib on Solana  
    Shib on Solana is a decentralized token built on the Solana blockchain, created as a tribute to the legendary SHIBA INU. By combining the SHIBA spirit with Solana’s speed and efficiency, the project aims to make memecoins more accessible, sustainable, and impactful than ever before.

    Media Contact:
    Shib on Solana Team
    Email: info@shibonsolana.com
    Website: https://shibonsol.io/
    Telegram: https://t.me/SHIBONSOL
    Twitter: https://x.com/SHIBTOKEN_SOL

    Disclaimer: This press release is provided by Shib on Solana. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d7ce30e-ad90-4086-a1b3-8bc15d745266

    The MIL Network –

    February 8, 2025
  • MIL-OSI Security: Stamford Man Sentenced to More Than Six Years in Federal Prison for Robbing Three Banks in 2020

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, announced that FRANCESCO PENSIERO, also known as Frank Pensiero, 52, of Stamford, was sentenced today by U.S. District Judge Victor A. Bolden in New Haven to 78 months of imprisonment, followed by three years of supervised release, for robbing three Connecticut banks in 2020.

    According to court documents and statements made in court, on October 13, 2020, Pensiero and an associate robbed the Chase Bank located at 2855 Main Street in Stratford.  During the robbery, Pensiero’s associate displayed a handgun on the teller counter and presented the teller with a note that read “this is a robbery give me all your money.”  The teller provided Pensiero’s associate with approximately $1,000 and Pensiero and his associate exited the bank.

    Later on October 13, 2020, Pensiero robbed the People’s United Bank located at 1160 Kings Highway Cutoff in Fairfield.  During the robbery, he pulled out a handgun and presented the teller a note that stated “This is a robbery.”  The teller provided Pensiero with $5,458 and Pensiero exited the bank.

    On October 28, 2020, Pensiero and his associate robbed the People’s United Bank located at 95 Main Street in New Canaan.  Pensiero displayed a handgun, provided the teller with a note demanding money, verbally threatened to kill the teller and other employees, and ordered the bank employees to lie on the floor.  Pensiero and his associate stole $9,130 during the robbery, and fled from the bank in a red Chevrolet Monte Carlo SS.  The following day, the car was set on fire on Green Avenue in New Canaan.

    Pensiero was arrested on a federal criminal complaint on January 27, 2023.  On June 3, 2024, he pleaded guilty to bank robbery.

    Pensiero’s criminal history includes convictions for bank robbery and other offenses.

    Pensiero’s associate was convicted of related state offenses stemming from these robberies.

    This investigation was conducted by the Federal Bureau of Investigation and the Stratford, Fairfield, and New Canaan Police Departments.  The case was prosecuted by Assistant U.S. Attorney Daniel P. Gordon.

    MIL Security OSI –

    February 8, 2025
  • MIL-OSI Global: Keir Starmer takes first steps in UK-EU ‘reset’ – can he get the deal he wants?

    Source: The Conversation – UK – By Magdalena Frennhoff Larsén, Associate Professor in Politics and International Relations, University of Westminster

    It is not unusual for international leaders to be invited to meet with EU heads of state or government at the fringes of the European Council meetings. Ukraine’s president, Volodymyr Zelensky, has regularly been invited to address the EU leaders. And while Donald Trump was never invited during his first term as US president, his successor Joe Biden was.

    But Keir Starmer’s February 3 visit was significant, because it was the first time since Brexit that a British prime minister was invited to join the EU leaders for their traditional post-summit dinner.

    Even before the UK formally left the EU, while the two parties were negotiating the terms for Brexit, British prime ministers were excluded. Not only were they left out of the formal meetings where the other 27 leaders discussed Brexit, but they were also excluded from the post-summit dinner. This caused frustration in Downing Street, and led to complaints about the UK being sidelined.


    Want more politics coverage from academic experts? Every week, we bring you informed analysis of developments in government and fact check the claims being made.

    Sign up for our weekly politics newsletter, delivered every Friday.


    There were rumours that Boris Johnson would be invited to a European Council meeting in 2022, but these remained rumours. And even if UK-EU relations improved under the premiership of Rishi Sunak, it was not until the Labour government’s step-change in the signalling of the need for a Brexit “reset” that a dinner invitation was extended.

    Symbolically, it was important. After eight rather tumultuous years, the UK and EU were having dinner together again. And against the backdrop of the war in Ukraine and the changing geopolitical landscape, both parties recognised the need for closer cooperation on security and defence.

    Starmer wants an ambitious security partnership with the EU. European Council president António Costa recognised that there is a great deal that the EU and the UK can do together in terms of defence and addressing global challenges.

    Partners in security

    The idea of a security partnership is not new. Already in the political declaration of 2019, which accompanied the withdrawal agreement, the UK and the EU agreed to negotiate such a partnership, including cooperation on foreign, security, and defence policies.

    However, in his hurry to “get Brexit done”, Boris Johnson decided not to proceed on this track. As a result, the trade and cooperation agreement, which governs the EU-UK relationship, largely omits security cooperation.

    Even without a formal security and defence structure in place, the EU and the UK have worked alongside each other in supporting Ukraine. But the Labour government has repeatedly stressed the need for more formal cooperation arrangements as part of its “reset”. To this end, the foreign secretary, David Lammy, has called for an ambitious and broad-ranging UK-EU security pact.

    For the UK it is a relatively easy way to improve relations and rebuild trust with the EU. The EU and the UK face similar geopolitical challenges and are largely aligned in terms of values and interests on security and defence matters. A more coordinated EU-UK response would have greater impact, whether it is about supporting Ukraine, tackling cross-border crime or increasing energy security.

    It is also an area where the UK can forge closer links with the EU without crossing its red lines on free movement of people, or membership of the customs union or single market. And the UK – as the only major European military power other than France – is an attractive security partner for the EU.

    EU leaders do see potential in such an initiative. Already in the 2022 “strategic compass”, a document which sets out the EU’s security and defence agenda, the EU stressed that it remains open to closer cooperation with the UK.

    This has become even more urgent in light of the uncertainty surrounding Trump’s future engagement with Nato and European security. If Trump makes good on his threat to downsize America’s security role in Europe, the EU needs to strengthen its own defence, and it cannot do so effectively without the UK.

    However, the EU wants to see concrete proposals for what a security pact would look like. It questioned the genuine commitment to the “reset” after the UK rejected the EU’s proposal around a time-limited and visa-based youth mobility scheme – a move that disappointed the EU, for whom the issue was a top priority. The UK government worried that it could be misinterpreted as a return to free movement of people and rejected the proposal.

    While the leaders left the dinner without concrete proposals, they agreed to talk further. There will be an institutional EU-UK summit in the UK in May, where the two parties will discuss what form the deeper security and defence cooperation could take.

    European Council president Costa recognised that there is a new positive energy in the EU-UK relationship. It remains to be seen whether this energy, and the signalling about the UK’s commitment to a reset, will eventually translate into an actual EU-UK rapprochement – something both parties would benefit from. Rebuilding trust takes time – and a dinner invitation should be seen as positive sign in itself.

    Magdalena Frennhoff Larsén 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. Keir Starmer takes first steps in UK-EU ‘reset’ – can he get the deal he wants? – https://theconversation.com/keir-starmer-takes-first-steps-in-uk-eu-reset-can-he-get-the-deal-he-wants-249216

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI United Kingdom: Greens call for Drax subsidies to be shifted to home insulation scheme

    Source: Green Party of England and Wales

    Green MP and party co-leader Adrian Ramsay has urged the government to divert planned new subsidies for the privately owned wood-burning Drax power station to a national home insulation scheme. 

    Adrian Ramsay said:  

    “Drax is a green energy scam, burning trees – some imported from ancient forests from as far away as Canada – subsidised by the taxpayer. 

    “The billions of pounds worth of subsidies run out in 2027, but the government is expected to try to renew them next week, turning taxpayer money into profits for a private company, instead of using the money to fuel a green energy revolution. 

    “Drax has benefitted from over £6 billion in subsidies since 2012 and neither taxpayers nor the environment can afford a penny more. 

    “The money should be used to help fund a national scheme of home insulation that would cut people’s energy bills and help to reduce energy use. 

    “Green MPs and Peers will be pressing the government to end this subsidy scandal and invest people’s money where it will make a real difference to them.” 

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI: BexBack Offers Exclusive $50 Bonus, 100x Leverage, and Double Deposit Promotion with No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 07, 2025 (GLOBE NEWSWIRE) — With the price of bitcoin once again trading below $100,000, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 200,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c747e269-01e1-41ef-a71e-41c83acbdbe2

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65699f5d-4f24-4ae5-9b4f-d31f02f5734f

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3afc9e0-e5fc-4c6b-a60d-f53513d1be82

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83db1001-5f99-4919-a694-e04b7cf56edd

    The MIL Network –

    February 8, 2025
  • MIL-OSI: In $10B Crypto Washout, BTC Maintained Neutral Funding: Bybit and Block Scholes Report

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 07, 2025 (GLOBE NEWSWIRE) —

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, providing a retrospective of the past week’s panic sell-off and analysis of options price movements.

    The broad retreat mirrored equities markets, leaving an estimated $10 billion-sized hole in open interest after a high-flying Friday in the 24/7 crypto markets. BTC stood out in the bloodbath as the only mainstream token maintaining positive funding rates. Meanwhile, ETH endured heightened turbulence, with sustained options market inversion suggesting continued downward pressure ahead.

    Key Insights:

    Risk-off Monday: Trump’s tariff threats sparked a broad market sell-off on Monday, Feb. 3, hammering crypto alongside U.S. equities. The carnage wiped out $3.1B in perpetual swap open interest across BTC, ETH, XRP, and SOL. Ben Zhou, co-founder and CEO of Bybit, revealed $8-10B in total liquidations as leveraged positions crumbled, an estimate based on Bybit’s platform data. The turmoil drove trading volumes to a monthly high of $31B in perpetual swaps on Feb. 2 as traders rushed for the exits.

    Altcoins Took a Hit: Bears dominated crypto markets in the aftermath of another Monday in the red. Perpetual swap funding rates spiraled downwards, likely caused by spooked traders liquidating long positons in droves. BTC faithfuls, however, managed to keep BTC funding rates afloat at neutral level.

    ETH Readies for a Bumpy Ride: ETH has demonstrated less resilience than BTC in the latest turmoil. Its spot prices suffered and dipped below $2.5k, but open interest levels held reasonably steady thanks to less-than-expected volatility in ETH options market. Still, ETH realized volatility already surged to almost 140% in the price correction, with further risks evident in options term structure, suggesting the downside hasn’t been fully priced in.   

    Access the full report, including detailed analysis of volatility trends, funding rates, and options market dynamics.

    #Bybit / #TheCryptoArk /#BybitResearch

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press

    For media inquiries, please contact: media@bybit.com 

    For updates, please follow: Bybit’s Communities and Social Media

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d4e42f1-78a9-4340-bbc7-3892f7d5e398

    The MIL Network –

    February 8, 2025
  • MIL-OSI Global: 3 ways the Trump administration could reinvest in rural America’s future

    Source: The Conversation – USA – By Randolph Hubach, Professor of Public Health, Purdue University

    Rural America can be idyllic, but many communities still need support. Mint Images via Getty Images

    Rural America faces many challenges that Congress and the federal government could help alleviate under the new Trump administration.

    Rural hospitals and their obstetrics wards have been closing at a rapid pace, leaving rural residents traveling farther for health care. Affordable housing is increasingly hard to find in rural communities, where pay is often lower and poverty higher than average. Land ownership is changing, leaving more communities with outsiders wielding influence over their local resources.

    As experts in rural health and policy at the Center for Rural and Migrant Health at Purdue University, we work with people across the United States to build resilient rural communities.

    Here are some ways we believe the Trump administration could work with Congress to boost these communities’ health and economies.

    1. Rural health care access

    One of the greatest challenges to rural health care is its vulnerability to shifts in policy and funding cuts because of rural areas’ high rates of Medicare and Medicaid beneficiaries.

    About 25% of rural residents rely on Medicaid, a federal program that provides health insurance for low-income residents. A disproportionate share of Medicare beneficiaries – people over 65 who receive federal health coverage – also live in rural areas. At the same time, the average health of rural residents lags the nation as a whole.

    Rural clinics and hospitals

    Funding from those federal programs affects rural hospitals, and rural hospitals are struggling.

    Nearly half of rural hospitals operate in the red today, and over 170 rural hospitals have closed since 2010. The low population density of rural areas can make it difficult for hospitals to cover operating costs when their patient volume is low. These hospital closures have left rural residents traveling an extra 20 miles (32 km) on average to receive inpatient health care services and an extra 40 miles (64 km) for specialty care services.

    The government has created programs to try to help keep hospitals operating, but they all require funding that is at risk. For example:

    • The Low-volume Hospital Adjustment Act, first implemented in 2005, has helped numerous rural hospitals by boosting their Medicare payments per patient, but it faces regular threats of funding cuts. It and several other programs to support Medicare-dependent hospitals are set to expire on March 31, 2025, when the next federal budget is due.

    • The rural emergency hospital model, created in 2020, helps qualifying rural facilities to maintain access to essential emergency and outpatient hospital services, also by providing higher Medicare payments. Thus far, only 30 rural hospitals have transitioned to this model, in part because they would have to eliminate inpatient care services, which also limits outpatient surgery and other medical services that could require overnight care in the event of an emergency.

    Rural emergency hospitals can get extra funding, but there’s a catch: They have no inpatient beds, so people in need of longer care must go farther.
    AP Photo/Rogelio V. Solis

    Services for pregnant women have also gotten harder to find in rural areas.

    Between 2011 and 2021, 267 rural hospitals discontinued obstetric services, representing 25% of the United States’ rural obstetrics units. In response, the federal government has implemented various initiatives to enhance access to care, such as the Rural Hospital Stabilization Pilot Program and the Rural Maternal and Obstetric Management Strategies Program. However, these programs also require funding.

    Expanding telehealth

    Before the COVID-19 pandemic, telehealth – the ability to meet with your doctor over video – wasn’t widely used. It could be difficult for doctors to ensure reimbursement, and the logistics of meeting federal requirements and privacy rules could be challenging.

    The pandemic changed that. Improving technology allowed telehealth to quickly expand, reducing people’s contact with sick patients, and the government issued waivers for Medicare and Medicaid to pay for telehealth treatment. That opened up new opportunities for rural patients to get health care and opportunities for providers to reach more patients.

    However, the Medicare and Medicaid waivers for most telehealth services were only temporary. Only payments for mental and behavioral health teleheath services continued, and those are set to expire with the federal budget in March 2025, unless they are renewed.

    One way to expand rural health care would be to make those waivers permanent.

    Increasing access to telehealth could also support people struggling with opioid addiction and other substance use disorders, which have been on the rise in rural areas.

    2. Affordable housing is a rural problem too

    Like their urban peers, rural communities face a shortage of affordable housing.

    Unemployment in rural areas today exceeds levels before the COVID-19 pandemic. Job growth and median incomes lag behind urban areas, and rural poverty rates are higher.

    Rural housing prices have been exacerbated by continued population growth over the past four years, lower incomes compared with their urban peers, limited employment opportunities and few high-quality homes available for rent or sale. Rural communities often have aging homes built upon outdated or inadequate infrastructure, such as deteriorating sewer and water lines.

    Rental homes in older towns can become run down. Community maintenance of pipes and other services also requires funding.
    LawrenceSawyer/E+ via Getty Images

    One proposal to help people looking for affordable rural housing is the bipartisan Neighborhood Homes Investment Act, which calls for creating a new federal tax credit to spur the development and renovation of family housing in distressed urban, suburban and rural neighborhoods.

    Similarly, the Section 502 Direct Loan Program through the U.S. Department of Agriculture, which subsidizes mortgages for low-income applicants to obtain safe housing, could be expanded with additional funding to enable more people to receive subsidized mortgages.

    3. Locally owned land benefits communities

    Seniors age 65 and older own 40% of the agricultural land in the U.S., according to the American Farmland Trust. That means that more than 360 million acres of farmland could be transferred to new owners in the next few decades. If their heirs aren’t interested in farming, that land could be sold to large operations or real estate developers.

    That affects rural communities because locally owned rural businesses tend to invest in their communities, and they are more likely to make decisions that benefit the community’s well-being.

    A farmer carries organic squash during harvest. Young farmers often struggle to find land to expand their operations.
    Thomas Barwick/Stone via Getty Images

    Congress can take some steps to help communities keep more farmland locally owned.

    The proposed Farm Transitions Act, for example, would establish a commission on farm transitions to study issues that affect locally owned farms and provide recommendations to help transition agricultural operations to the next generation of farmers and ranchers.

    About 30% of farmers have been in business for less than 10 years, and many of them rent the land they farm. Programs such as USDA’s farm loan programs and the Beginning Farmer and Rancher Development Program help support local land purchases and could be improved to identify and eliminate barriers that communities face.

    We believe that by addressing these issues, Congress and the new administration can help some of the country’s most vulnerable citizens. Efforts to build resilient and strong rural communities will benefit everyone.

    Randolph Hubach receives funding from the National Institutes of Health and the Health Resources and Services Administration.

    Cody Mullen receives funding from the Health Resources and Services Administration. He is affiliated with the National Rural Health Association.

    – ref. 3 ways the Trump administration could reinvest in rural America’s future – https://theconversation.com/3-ways-the-trump-administration-could-reinvest-in-rural-americas-future-245451

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI: Freedom Holding Corp. Reports Strong Revenue Growth in Q3 2025 Fiscal Year, Driven by Brokerage and Banking Segments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) — Freedom Holding Corp. (NASDAQ: FRHC), a U.S.-based financial services company, has announced its financial results for the quarter ended December 31, 2024. The holding company reported a 57% increase in total revenue, with revenues reaching $655.2 million compared to $418.6 million in the same quarter of 2023. Total assets increased to $9.1 billion from $8.3 billion as of March 31, 2024.

    The company’s revenue has surged due to the increase of net gain on trading securities, which has risen from a $5.1 million loss to a $89.6 million gain. Additionally, company’s performance was significantly bolstered by its insurance underwriting income, which surged by 125% to $177.5 million, reflecting the expansion of pension annuities and accident insurance operations. The banking segment also demonstrated robust growth, with a 47% increase in revenue compared to the same period last year.

    “In the era of globalization, we are building the Freedom ecosystem as a unified platform where diverse business segments — ranging from banking and insurance to lifestyle services — seamlessly interact to serve over 7 million clients. Recently, the holding’s revenue has become significantly more diversified; while brokerage was once the primary income driver, revenue is now evenly distributed across the insurance and banking segments, creating a more stable and balanced ecosystem,” Timur Turlov, the founder of Freedom Holding, said.

    Segment Performance

    Brokerage: Revenue increased by 29% to $213.3 million, driven by an increase in net gains on trading securities and fee and commission income.

    Banking: Revenue rose by 47% to $206.4 million, supported by net gains on trading securities and derivatives.

    Insurance: Revenue doubled to $197.8 million, reflecting strategic growth in insurance underwriting income.

    Other Segments: Revenue grew by 120% to $37.7 million, largely due to net gains on foreign exchange operations.

    Despite strong revenue growth, the company’s net income declined by 19% to $78.1 million, compared to $96.1 million in the previous year’s quarter. This was due to increased fees and commission expenses, general and administrative expenses, payroll and bonuses, advertising costs and stock-based compensation expenses. Total expenses for the quarter amounted to $556.9 million, up from $307.0 million in Q3 2024 fiscal year.

    During the same period, fee and commission income increased from $120.2 million to $143.4 million.

    Freedom Holding Corp. remains committed to expanding its product portfolio, improving operational efficiencies, capitalizing on emerging market opportunities, and considering selective acquisitions. In October 2024, the company acquired EliteCom, a telecommunications services company, for $3 million. The acquired licenses and assets will be used to develop Freedom Holding’s own telecommunications business.

    About Freedom Holding Corp.

    Freedom Holding Corp. is an international financial and investment services group specializing in capital markets, asset management, and brokerage services.

    Freedom Holding Corp.’s common shares are registered with the United States Securities and Exchange Commission and trade on the Nasdaq Capital Market under the symbol FRHC. The Company has its principal market of operation in Kazakhstan and operates through its subsidiaries in 22 countries. With a strong presence in Central Asia, Europe, and the U.S., the company is committed to delivering innovative financial products to individual and institutional investors.

    For more information, visit www.freedomholdingcorp.com

    Natalia Kharlashina

    PR Department

    Freedom Holding Corp.

    prglobal@ffin.kz

    The MIL Network –

    February 8, 2025
  • MIL-OSI Global: Seed oils are toxic, says Robert F. Kennedy Jr. – but it’s not so simple

    Source: The Conversation – USA – By Mary J. Scourboutakos, Adjunct Lecturer in Family and Community Medicine, University of Toronto

    Seed oils have become a mainstay of the American diet. d3sign/Moment via Getty Images

    Robert F. Kennedy Jr., who is expected to clear the final hurdles in his confirmation as President Donald Trump’s health secretary, and a host of health influencers have proclaimed that widely used cooking oils such as canola oil and soybean oil are toxic.

    T-shirts sold by his “Make America Healthy Again” campaign now include the slogan, “make frying oil tallow again” – a reference to the traditional use of rendered beef fat for cooking.

    Seed oils have become a mainstay of the American diet because unlike beef tallow, which is comprised of saturated fats that increase cholesterol levels, seed oils contain unsaturated fats that can decrease cholesterol levels. In theory, that means they should reduce the risk of heart disease.

    But research shows that different seed oils have varying effects on risk for heart disease.
    Furthermore, seed oils have also been shown to increase risk for migraines. This is likely due to their high levels of omega-6 fatty acids. These fats can increase inflammation, a heightened and potentially harmful state of system immune activation.

    As a family physician with a Ph.D. in nutrition, I translate the latest nutrition science into dietary recommendations for my patients. When it comes to seed oils, the research shows that their health effects are more nuanced than headlines and social media posts suggest.

    How seed oils infiltrated the American diet

    Seed oils — often confusingly referred to as “vegetable oils” — are, as the name implies, oils extracted from the seeds of plants. This is unlike olive oil and coconut oil, which are derived from fruits. People decrying their widespread use often refer to the “hateful eight” top seed oil offenders: canola, corn, soybean, cottonseed, grapeseed, sunflower, safflower and rice bran oil.

    These oils entered the human diet at unprecedented levels after the invention of the mechanical screw press in 1888 enabled the extraction of oil from seeds in quantities that were never before possible.

    Between 1909 and 1999, U.S. consumption of soybean oil increased 1,000 times. This shift fundamentally changed our biological makeup. Due to increased seed oil intake, in the past 50 years the concentration of omega-6 fatty acids that Americans carry around in their fatty tissue has increased by 136%

    Evaluating the omega-6 to omega-3 fatty acid ratio

    Omega-6 and omega-3 fatty acids are essential nutrients that control inflammation. While omega-6s tend to produce molecules that boost it, omega-3s tend to produce molecules that tone it down. Until recently, people generally ate equal amounts of omega-6 and omega-3 fatty acids. However, over the past century, this ratio has changed. Today, people consume 15 times more omega-6s than omega-3s, partly due to increased consumption of seed oils.

    In theory, seed oils can cause health problems because they contain a high absolute amount of omega-6 fatty acids, as well as a high omega-6 to omega-3 ratio. Studies have linked an increased omega-6 to omega-3 ratio to a wide range of conditions, including mood disorders, knee pain, back pain, menstrual pain and even preterm birth. Omega-6 fatty acids have also been implicated in the processes that drive colon cancer.

    However, the absolute omega-6 level and the omega-6 to omega-3 ratio in different seed oils vary tremendously. For example, safflower oil and sunflower oil have ratios of 125:1 and 91:1. Corn oil’s ratio is 50:1. Meanwhile, soybean oil and canola oil have lower ratios, at 8:1 and 2:1, respectively.

    Scientists have used genetic modification to create seed oils like high oleic acid canola oil that have a lower omega-6 to 3 ratio. However, the health benefit of these bioengineered oils is still being studied.

    The upshot on inflammation and health risks

    Part of the controversy surrounding seed oils is that studies investigating their inflammatory effect have yielded mixed results. One meta-analysis synthesizing the effects of seed oils on 11 inflammatory markers largely showed no effects – with the exception of one inflammatory signal, which was significantly elevated in people with the highest omega-6 intakes.

    To complicate things further, genetics also plays a role in seed oils’ inflammatory potential. People of African, Indigenous and Latino descent tend to metabolize omega-6 fatty acids faster, which can increase the inflammatory effect of consuming seed oils. Scientists still don’t fully understand how genetics and other factors may influence the health effects of these oils.

    Soybean oil is the most highly purchased oil in the United States.
    fcafotodigital via Getty Images

    The effect of different seed oils on cardiovascular risk

    A review of seven randomized controlled trials showed that the effect of seed oils on risk of heart attacks varies depending on the type of seed oil.

    This was corroborated by data resurrected from tapes dug up in the basement of a researcher who in the 1970s conducted the largest and most rigorously executed dietary trial to date investigating the replacement of saturated fat with seed oils. In that work, replacing saturated fats such as beef tallow with seed oils always lowers cholesterol, but it does not always lower risk of death from heart disease.

    Taken together, these studies show that when saturated fats such as beef tallow are replaced with seed oils that have lower omega-6 to omega-3 ratios, such as soybean oil, the risk of heart attacks and death from heart disease falls. However, when saturated fats are replaced with seed oils with a higher omega-6 to omega-3 ratio, such as corn oil, risk of death from heart disease rises.

    Interestingly, the most highly purchased seed oil in the United States is soybean oil, which has a more favorable omega-6 to 3 ratio of 8:1 – and studies show that it does lower the risk of heart disease.

    However, seed oils with less favorable ratios, such as corn oil and safflower oil, can be found in countless processed foods, including potato chips, frozen dinners and packaged desserts. Nevertheless, other aspects of these foods, in addition to their seed oil content, also make them unhealthy.

    The case for migraines – and beyond

    A rigorous randomized controlled trial – the gold standard for clinical evidence – showed that diets high in omega-3 fatty acids and low in omega-6 fatty acids, hence low in seed oils, significantly reduced the risk of migraines

    In the study, people who stepped up their consumption of omega-3 fatty acids by eating fatty fish such as salmon experienced an average of two fewer migraines per month than usual, even if they did not change their omega-6 consumption. However, if they reduced their omega-6 intake by switching out corn oil for olive oil, while simultaneously increasing their omega-3 intake, they experienced four fewer migraines per month.

    That’s a noteworthy difference, considering that the latest migraine medications reduce migraine frequency by approximately two days per month, compared to a placebo. Thus, for migraine sufferers — 1 in 6 Americans — decreasing seed oils, along with increasing omega-3 intake, may be even more effective than currently available medications.

    Overall, the drastic way in which omega-6 fatty acids have entered the food supply and fundamentally changed our biological composition makes this an important area of study. But the question of whether seed oils are good or bad is not black and white. There is no basis to conclude that Americans would be healthier if we started frying everything in beef tallow again, but there is an argument for a more careful consideration of the nuance surrounding these oils and their potential effects.

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

    – ref. Seed oils are toxic, says Robert F. Kennedy Jr. – but it’s not so simple – https://theconversation.com/seed-oils-are-toxic-says-robert-f-kennedy-jr-but-its-not-so-simple-246494

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: Why Americans need well-informed national security decisions – not politicized intelligence analysis

    Source: The Conversation – USA – By Mark S. Chandler, Professor of Practice and Director, Government Relations – Intelligence and Security Studies Department, Coastal Carolina University

    U.S. intelligence workers gather information from around the world to help guide leaders’ decisions. da-kuk/E+ via Getty Images

    The United States’ security depends on leaders who make well-informed decisions, including matters ranging from diplomatic relations around the world to economic relations, threats to the U.S., up to the deployment of military force. The nation’s intelligence community – 18 federal agencies, some military and others civilian – has the responsibility of gathering information from all over the world and delivering it to the country’s leaders for their use.

    As a nearly 40-year veteran of the intelligence community, both in and out of uniform, I know that regardless of what leaders do with the information, the American people need them to have as thorough, unbiased, fact-based and nonpoliticized intelligence assessments as possible.

    That’s because reality matters. Those tasked with gathering, analyzing and assembling intelligence material work hard to assemble facts and information to give leaders an advantage over other nations in international relations, trade agreements and even warfare. Reality is so important that a key policy document for the intelligence community tells analysts that their top two priorities are to be “objective” and “independent of political consideration.”

    But an investigation into the intelligence community found that during the first Trump administration, intelligence workers at many levels made political value judgments about the information they assembled, and did not report the truest picture possible to the nation’s leaders.

    Tulsi Gabbard is President Donald Trump’s choice to be director of national intelligence.
    AP Photo/John McDonnell

    Analysts are a key defense against politicization

    In general, each administration develops a national security strategy based on global events and issues, including threats to U.S. interests that are detailed and monitored by the intelligence community. Based on the administration’s priorities and interests, intelligence agencies collect and analyze data. Regular, often daily, briefings keep the president abreast of developments and warn of potential new challenges.

    In a perfect world, the president and the national security team use that information to determine which policies and actions are in the nation’s best interests.

    With the recent arrival of a new presidential administration, recent reports indicate that at least some workers in the intelligence community are feeling pressure to shift their priorities away from delivering facts and toward manipulating intelligence to achieve specific outcomes.

    Current and former intelligence officials have publicly worried that President Donald Trump might be biased against the intelligence community and seek to overhaul it if analyses did not fit his policy objectives.

    It happened in Trump’s first term. After Trump left office in 2021, Congress turned to the Office of the Director of National Intelligence – which oversees the entire intelligence community – to investigate whether intelligence reports were politicized under Trump’s leadership.

    The investigation determined that they were, up and down the intelligence system. The report found that some people who didn’t agree with the president’s policy views and objectives decided among themselves not to provide a full intelligence picture, while others tried to tailor what they showed the president to match his existing plans.

    At times, individual analysts withheld information. And managers, even up to the most senior level, also edited analyses and assessments, seeking to make them more appealing to leaders.

    For instance, the report found that top intelligence community officials, members of the National Intelligence Council, “consistently watered down conclusions during a drawn-out review process, boosting the threat from China and making the threat from Russia ‘not too controversial.’”

    The ombudsman’s report pointed out that this type of event has happened before – specifically, in 2003 around questions of whether Iraq had weapons of mass destruction – which it was ultimately found not to. As the report describes, “politicians and political appointees had … made up their mind about an issue and spent considerable time pressuring analysts and managers to prove their thesis to the American public.” That biased, politically motivated intelligence led to a war that killed nearly 4,500 U.S. service members, wounded more than 30,000 more, and cost the lives of about 200,000 Iraqi civilians, as well as more than $700 billion in U.S. taxpayer funds.

    Intelligence community leaders brief not only the president and others in the executive branch, but also members and committees in Congress.
    Anna Moneymaker/Getty Images

    Leaders don’t have to listen

    At some point or other, almost every president makes decisions that run contrary to intelligence assessments. For instance, George H.W. Bush did not prioritize a crumbling Yugoslavia, and the challenges that presented, choosing to focus on Iraq’s 1990 invasion of Kuwait and the resulting U.S. military Operations Desert Shield and Desert Storm.

    President Bill Clinton inherited the Yugoslavia situation, in which a failing country was at risk of political implosion, and chose to ignore intelligence warnings until the ethnic cleansing in that country became too public to ignore, at which point he began a U.S.-led NATO air campaign to stop the fighting. Clinton also ignored several intelligence warnings about al-Qaida, even after its deadly attacks on two U.S. embassies in 1998, and in 2000 on the USS Cole, a U.S. Navy destroyer. He chose more limited responses than aides suggested, including passing up an opportunity to kill al-Qaida leader Osama bin Laden.

    President Barack Obama chose to dismiss indications relayed by intelligence officials that Russia was going to invade Ukraine in 2014 – which it did. He focused on the Middle East instead. Obama’s goal of withdrawing U.S. troops from Iraq led him to discount warnings of the potential threat from what would become the Islamic State group – which in 2014 took advantage of the American departure to launch a major assault and seize a massive amount of territory in both Syria and Iraq. Driving the group out required significant reengagement from the U.S. military.

    And President Joe Biden ignored military and intelligence assessments that the Afghan military and government were weak and would not be able to withstand Taliban attacks if the U.S. military withdrew. And until almost the last moment, the Biden administration did not believe warnings that Russia was about to launch a second invasion of Ukraine in 2022. In both cases, the intelligence predictions were correct.

    Elected officials are accountable to the American people, and to history, but I believe accountability is key to ensuring the intelligence community follows its own standards from top to bottom, from senior leaders to the most junior analysts. Failure to abide by those standards harms American national security, and the standards themselves say violations are meant to bring professional, and potentially personal, consequences.

    A U.S. military helicopter flies above Kabul during the evacuation of U.S. troops from Afghanistan in 2021.
    Wakil Kohsar/AFP via Getty Images

    Perfection is elusive

    It’s impossible for intelligence collection and analysis staff to get everything right – they don’t have a crystal ball. Leaders aren’t under any obligation to follow the intelligence community’s recommendations. But if intelligence officials and political leaders are to have effective relationships that safeguard the nation’s security, each must understand their role and trust that each is doing that work as best as possible.

    Providing unvarnished truthful assessments is the job of the intelligence community. That means assessing what’s happening and what might happen as a result of a range of decisions the policymakers might choose. In my experience, putting aside my own views of leaders and their past decisions built trust with them and improved the likelihood that they would take my assessments seriously and make decisions based on the best available information.

    It’s not that intelligence professionals can’t have opinions, political ideologies or particular perspectives on policy decisions. All Americans can, and should.

    But as a second Trump administration begins, I think of what I told my colleagues and staff over the decades: National security requires us to keep those personal views out of intelligence analysis.

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

    – ref. Why Americans need well-informed national security decisions – not politicized intelligence analysis – https://theconversation.com/why-americans-need-well-informed-national-security-decisions-not-politicized-intelligence-analysis-248831

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Global: Map wars in the Middle East: How cartographers charted and helped shape a regional conflict

    Source: The Conversation – USA – By Christine Leuenberger, Senior Lecturer, Cornell University

    A lot has changed since the publication of this 1750 map of Palestine. Ken Welsh/Design Pics/Universal Images Group via Getty Image

    Maps are ubiquitous – on phones, in-flight and car displays, and in textbooks the world over. While some maps delineate and name territories and boundaries, others show different voting blocs in elections, and GPS devices help drivers navigate to their destination.

    But no matter the purpose, all maps have something in common: They are political. Making maps is about making decisions about what to omit and what to include. They are subject to selection, classification, abstractions and simplifications. And studying the choices that go into maps, as I do, can reveal different stories about land and the people who claim it as theirs.

    Nowhere is this more true than in the contested regions that today include modern-day Israel and the Palestinian territories. Since the establishment of the state of Israel in 1948, different governmental and nongovernmental organizations and political interest groups have engaged in what can best be described as “map wars.”

    Maps of the region use the naming of places, the position of borders and the inclusion or omission of certain territories to present contrasting geopolitical visions. To this day, Israel or the Palestinian territories may fall off some maps, depending on the politics of their makers.

    This is not exclusive to the Middle East – “map wars” are underway across the globe. Some of the more well-known examples include disputes between Ukraine and Russia, Taiwan and China, and India and China. All are engaged in controversies over the territorial integrity of nation-states.

    Israeli Prime Minister Benjamin Netanyahu displays a map of Israel indicating the Golan Heights are inside the state’s borders.
    Thomas Coex/AFP via Getty Images

    A short history of maps

    Traditionally, maps have been used to represent cosmologies, cultures and belief systems. By the 17th century, maps that represented spatial relations within a given territory beaome important to the making of nation-states. Such official maps helped annex territories and determine property rights. Indeed, to map a territory meant to know and control it.

    More recently, the tools for making maps have become more broadly accessible. Anyone with a computer and internet access can now make and share “alternative maps” that present different visions of a territory and make varied geopolitical claims.

    And maps produced in a conflict region, such as Israel and the Palestinian territories, tell a rich story about the relationship between mapmaking and politics.

    Mapping the Middle East

    During the British Mandate of Palestine from 1917 to 1947, British surveyors mapped the territories to exercise their control over the land and its people. It was an attempt to supersede the more informal Ottoman land claims of the time.

    By the founding of Israel in 1948, only about 20% of the total area of what is known as historic Palestine had been mapped – a fact that has fueled land disputes to this day. The British mapping efforts and their omissions enabled the newly established state of Israel to declare most of the territories as state land, thereby delegitimizing Palestinian land claims.

    A map shows the shaded areas of the Arab state recommended by the U.N. Special Committee on Palestine in 1947. The unshaded areas are parts of the proposed Jewish state.
    Underwood Archives/Getty Images

    Maps also helped build the Israeli state. Surveyors and planners mapped the land to allocate land rights, and they helped build the state’s infrastructure, including roads and railroads.

    But maps also helped create a sense of nationhood. Maps representing a nation’s shape by delineating its national borders are known as “logo” maps. They can enhance feelings of national unity and a sense of national belonging.

    Once established, the Israeli state remade the maps of the region. An Israeli Governmental Names Commission came up with Hebrew names to replace formerly Arab and Christian names for different towns and villages on the official map of Israel. At the same time, formerly Palestinian topographies and places were omitted from the map.

    Some Palestinian mapmakers, however, continue to make maps that include Palestinian named sites and depict pre-1948 historic Palestine – an area that stretches from River Jordan in the east to the Mediterranean Sea in the west. Such maps are used to advocate for Palestinians’ right to land and foster a sense of national belonging.

    A Palestinian woman holds up a map of the British Mandate of Palestine during a protest in Gaza City on Feb. 27, 2020.
    Mohammed Abed/AFP via Getty Images

    At the same time, Palestinian cartographers who work with the Palestinian Authority – the government body that administers partial civil control over Palestinian enclaves in the West Bank – make official maps of the West Bank and Gaza in the hope of establishing a future state of Palestine. They align their maps with United Nations efforts to map the territories according to international law by demarking the West Bank and Gaza as separate from and as occupied by Israel.

    After the 1967 war between Israel and its Arab neighbors, Israel occupied the West Bank and Gaza. As a result, map wars intensified, especially between different fractions within Israel. The left-wing “peace camp,” which was dedicated to territorial compromises with the Palestinians, was pitted against an Israeli right wing committed to reclaiming the “Promised Land” for ensuring Israeli security.

    Such incompatible geopolitical visions continue to be reflected in the maps produced. “Peace camp” maps adhere to the delineation of the territories according to international law. For example, they include the Green Line – the internationally recognized armistice line between the West Bank and Israel. Official maps produced by the Israeli government, by contrast, stopped delineating the Green Line after 1967.

    Broader and border disputes

    Not only have different interest groups and political actors used maps of the region to put forth competing geopolitical claims, but maps have also played a central role in sporadic efforts to establish peace in the region.

    The 1993 Oslo Accords, for example, relied on maps to provide the framework for Palestinian self-rule in return for security for Israel. The aim was that after a five-year interim period, a permanent peace settlement would be negotiated based on the borders laid out in these maps.

    A map of the West Bank with proposed Palestinian-controlled areas in yellow, as per the Oslo II Accords.
    Wikimedia Commons

    Consequently, Palestinian planners and surveyors mapped the territory allocated to a future state of Palestine. With the Oslo Accords promising only a future state – but with its borders and level of sovereignty still uncertain – Palestinian experts nevertheless continue to prepare for governing the territories by mapping them.

    The Oslo maps are used to this day to delineate geopolitical visions of Israel and a future state of Palestine that are based on international law. But for many Israelis, the Oslo vision of a two-state solution has died – the attack by Hamas, the Palestinian nationalist political organization that governs Gaza, on Israel on Oct. 7, 2023, was its last blow.

    The subsequent war between Israel and Hamas, currently subject to a cease-fire, has from the outset involved maps.

    In December 2023, the Israeli military posted an online “evacuation map” that divided the Gaza Strip into 623 zones. Palestinians could go online – provided they have access to electricity and internet in a territory plagued by blackouts – to find out whether their neighborhood was called upon to evacuate. Israeli military commanders used this map to decide where to launch airstrikes and conduct ground maneuvers.

    But the map served a political aim, too: to convince a skeptical world that Israel was taking care to protect civilians. Regardless, its introduction caused confusion and fear among Palestinians.

    Charting a way forward

    Maps aren’t just for making sense of the past and present – they help people imagine the future, too. And different maps can reveal conflicting geopolitical visions.

    In January 2024, for example, various Israeli right-wing and settler organizations organized the Conference for the Victory of Israel. The aim was to plan for resettling Gaza and increase Jewish settlements in the West Bank. Speakers advocated for transferring Palestinians from the Strip to the Sinai through “voluntary emigration.” With Jewish settlers planning for the return to Gaza, and speakers citing both the Bible and Israeli security for justifications, an oversized map showed the location of proposed Jewish settlements.

    A man takes a photo with a map showing the Gaza Strip with Jewish settlements during a convention calling to resettle the Gaza Strip on Jan. 28, 2024, in Jerusalem, Israel.
    Amir Levy/Getty Images

    Similarly, the Israeli Movement for Settlement in Southern Lebanon has published maps of planned Jewish settlements in Southern Lebanon.

    Such maps reveal the desire by some in Israel for a “Greater Israel” – an area described in 1904 by Theodor Herzl, considered the father of modern-day Zionism, as spanning from the brook of Egypt to the Euphrates.

    Unsurprisingly, Palestinians make different maps for envisioning the future. Palestine Emerging – a Palestinian and international initiative that brings together various experts, organizations, and funders – uses maps that connect Gaza to the West Bank and the wider region.

    A map shows the proposed Gaza-West Bank corridor transport link.
    Palestine Emerging

    Their aim is to transform Gaza into a commercial hub for trade, tourism and innovation and to integrate it into the global economy. Accordingly, maps of urban projects, airports and seaports overlay the cartographic contours of Gaza; and a Gaza-West Bank corridor, which would be sealed for Israeli security, could connect the two geographically separate Palestinian territories.

    Such maps reflect the efforts by Palestinian stakeholders to continue surveying the territories that, since the Oslo Accords, were to make up the future state of Palestine.

    A new era of expansionist geopolitics

    With the current U.S. administration more aligned with right-wing Israeli policies, maps of Greater Israel may guide what Hagit Ofran from Peace Now calls the beginning of a new “Greater Israel” policy period.

    In a novel twist, U.S. President Donald Trump on Feb. 4, 2025, floated a plan for the U.S. to “take over” Gaza, moving its current inhabitants out and turning the enclave into “”the Riviera of the Middle East.”

    Such a move would amount to another attempt to remake borders across the Middle East. It would not, however, end the “map wars” in Israel/Palestine.

    This work was supported by the National Science Foundation through the Science and Technology Studies (STS) Program, award #1152322. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author and do not necessarily reflect the views of the National Science Foundation or any other entity.

    – ref. Map wars in the Middle East: How cartographers charted and helped shape a regional conflict – https://theconversation.com/map-wars-in-the-middle-east-how-cartographers-charted-and-helped-shape-a-regional-conflict-231668

    MIL OSI – Global Reports –

    February 8, 2025
  • MIL-OSI Africa: Breastfeeding and Ebola: knowledge gaps endanger mothers and babies

    Source: The Conversation – Africa – By Catriona Waitt, Professor of Clinical Pharmacology and Global Health, University of Liverpool

    Breastfeeding is so important for child health that the World Health Organization (WHO) and Unicef recommend that babies should be breastfed within an hour of birth, be exclusively breastfed for the first six months of life, and then continue breastfeeding in combination with other foods for two years or more.

    Infectious disease emergencies can threaten breastfeeding and the lives of mothers and babies. Depending on the disease, there is a risk of passing infection to the baby by close contact or (rarely) through breastmilk. There is also the risk of harm to breastfed infants from medication or vaccination of their mothers.

    But separating mothers and babies or stopping breastfeeding also poses risks.

    Mothers need proper guidance on the best course of action during an Ebola outbreak.

    Threat to mothers and babies

    The symptoms of Ebola include fever, tiredness, muscle pain, headache and sore throat followed by vomiting, diarrhoea, rash and, later, bleeding from any part of the body.

    Ebola viruses are extremely contagious and people who become infected are at very high risk of death. Pregnant women and infants are more vulnerable and at greater risk than others.

    Ebola outbreaks most often occur in countries where breastfeeding is vital for child survival. They have occurred in several African countries and on 30 January 2025 Uganda declared an outbreak, the latest in several the country has endured.

    Breastmilk contains many ingredients that help to prevent and fight infection and that strengthen the baby’s own immune system. Replacing breastmilk with other foods or liquids (including infant formula) removes this protection from babies and makes them more likely to become seriously ill.


    Read more: Ebola: how a vaccine turned a terrifying virus into a preventable disease


    Protection or harm?

    It’s important to know which actions protect or harm babies and their mothers during outbreaks. Recommendations on infectious diseases must weigh up the risks related to the disease, medical treatments and the risks of not-breastfeeding.

    The World Health Organization has published guidelines on how to care for breastfeeding mothers and their infants when one or both have Ebola, but these recommendations are based on “very low quality” evidence, they are mostly expert opinion rather than research-based knowledge.

    Women and children have been largely neglected in Ebola research. More is known about Ebola and semen than Ebola and breastmilk.

    In a paper just published in the Lancet Global Health, we have outlined a roadmap for research on Ebola and breastfeeding so that mothers and babies can be protected.


    Read more: Ebola in Uganda: why women must be central to the response


    What we don’t know

    We know that Ebola is easily transmitted by close contact between people. So the close contact of breastfeeding is a risk to an uninfected baby or mother if one of them has Ebola.

    However:

    • We don’t know if breastmilk can be infectious and, if it is, for how long.

    • We don’t know whether expressed breastmilk can be treated so that it is safe.

    • We don’t know whether, if both mother and baby are infected, it is better for the baby if the mother keeps breastfeeding, if she is able to.

    • We don’t know if vaccinating mothers against Ebola helps to protect their breastfed infants from the virus.

    • We don’t know if there are any risks for breastfed infants if their mothers are infected.

    The result of this lack of knowledge is that decisions may be taken that increase risk and suffering for mothers and their babies.

    For example, mothers may refuse vaccination because they are fearful that it is risky for their baby. But by refusing vaccination they’d be making themselves vulnerable to Ebola.

    Alternatively, they may get vaccinated and stop breastfeeding, making their baby vulnerable to other serious infections.

    If mothers and babies who both have Ebola are separated and breastfeeding is stopped, it could reduce the chances of survival.

    Mothers and babies deserve better than this.

    No more excuses

    For many years people have called for more research on Ebola, breastmilk and breastfeeding, but this research has not been undertaken. It is not acceptable that women and children are deprived of breastfeeding because the needed research has not been done.

    Our experience providing medical care in Ebola outbreaks, developing guidance for breastfeeding mothers in emergencies and researching medications and breastfeeding prompted us to develop a plan to fill this research gap.

    In our paper, we describe the different groups of breastfeeding women affected by Ebola who must be included in research:

    • vaccine recipients

    • mothers who are ill with Ebola

    • mothers recovering from Ebola

    • mothers who are infected with Ebola, but have no symptoms

    • the wider population of breastfeeding mothers in communities experiencing Ebola outbreaks.

    The roadmap also includes the research questions that need answering and the study designs that would enable these questions to be answered.

    It is up to governments, pharmaceutical companies, researchers, funders and health organisations to act.

    Following the Ebola and breastfeeding research roadmap will not necessarily be easy. It is difficult to do research in the middle of an emergency.

    But research on vaccination safety can be done outside outbreaks. Putting research plans in place and gaining approvals before outbreaks will also make things easier.

    Closing the female data gap

    Women have the right to societal, family and health support to enable them to breastfeed.

    Lack of research is part of a problem called the “female data gap”, where knowledge of women’s bodies, experiences and needs is lacking.

    The Universal Declaration of Human Rights says, “Motherhood and childhood are entitled to special care and assistance.”

    There just needs to be a commitment to make this research happen.

    – Breastfeeding and Ebola: knowledge gaps endanger mothers and babies
    – https://theconversation.com/breastfeeding-and-ebola-knowledge-gaps-endanger-mothers-and-babies-248356

    MIL OSI Africa –

    February 8, 2025
  • MIL-OSI United Kingdom: The era of practical quantum computers draws closer

    Source: Anglia Ruskin University

    Practical quantum computers could help solve problems associated with rescheduling airline flights

    By Domenico Vicinanza, Anglia Ruskin University

    In 1981, American physicist and Nobel Laureate, Richard Feynman, gave a lecture at the Massachusetts Institute of Technology (MIT) near Boston, in which he outlined a revolutionary idea. Feynman suggested that the strange physics of quantum mechanics could be used to perform calculations.

    The field of quantum computing was born. In the 40-plus years since, it has become an intensive area of research in computer science. Despite years of frantic development, physicists have not yet built practical quantum computers that are well suited for everyday use and normal conditions (for example, many quantum computers operate at very low temperatures). Questions and uncertainties still remain about the best ways to reach this milestone.

    What exactly is quantum computing, and how close are we to seeing them enter wide use? Let’s first look at classical computing, the type of computing we rely on today, like the laptop I am using to write this piece.

    Classical computers process information using combinations of “bits”, their smallest units of data. These bits have values of either 0 or 1. Everything you do on your computer, from writing emails to browsing the web, is made possible by processing combinations of these bits in strings of zeroes and ones.

    Quantum computers, on the other hand, use quantum bits, or qubits. Unlike classical bits, qubits don’t just represent 0 or 1. Thanks to a property called quantum superposition, qubits can be in multiple states simultaneously. This means a qubit can be 0, 1, or both at the same time. This is what gives quantum computers the ability to process massive amounts of data and information simultaneously.

    Imagine being able to explore every possible solution to a problem all at once, instead of once at a time. It would allow you to navigate your way through a maze by simultaneously trying all possible paths at the same time to find the right one. Quantum computers are therefore incredibly fast at finding optimal solutions, such as identifying the shortest path, the quickest way.

    Think about the extremely complex problem of rescheduling airline flights after a delay or an unexpected incident. This happens with regularity in the real world, but the solutions applied may not be the best or optimal ones. In order to work out the optimal responses, standard computers would need to consider, one by one, all possible combinations of moving, rerouting, delaying, cancelling or grouping, flights.

    Every day there are more than 45,000 flights in the United States alone, and worldwide there are thousands of airlines connecting tens of thousands of airports. This problem would take years to solve for a classical computer.

    On the other hand, a quantum computer would be able to try all these possibilities at once and let the best configuration organically emerge. Qubits also have a physical property known as entanglement. When qubits are entangled, the state of one qubit can depend on the state of another, no matter how far apart they are.

    This is something that, again, has no counterpart in classical computing. Entanglement allows quantum computers to solve certain problems exponentially faster than traditional computers can.

    A common question is whether quantum computers will completely replace classical computers or not. The short answer is no, at least not in the foreseeable future. Quantum computers are incredibly powerful for solving specific problems – such as simulating the interactions between different molecules, finding the best solution from many options or dealing with encryption and decryption. However, they are not suited to every type of task.

    Classical computers process one calculation at a time in a linear sequence, and they follow algorithms (sets of mathematical rules for carrying out particular computing tasks) designed for use with classical bits that are either 0 or 1. This makes them extremely predictable, robust and less prone to errors than quantum machines. For everyday computing needs such as word processing or browsing the internet, classical computers will continue to play a dominant role.

    There are at least two reasons for that. The first one is practical. Building a quantum computer that can run reliable calculations is extremely difficult. The quantum world is incredibly volatile, and qubits are easily disturbed by things in their environment, such as interference from electromagnetic radiation, which makes them prone to errors.

    The second reason lies in the inherent uncertainty in dealing with qubits. Because qubits are in superposition (are neither a 0 or 1) they are not as predictable as the bits used in classical computing. Physicists therefore describe qubits and their calculations in terms of probabilities. This means that the same problem, using the same quantum algorithm, run multiple times on the same quantum computer might return a different solution each time.

    To address this uncertainty, quantum algorithms are typically run multiple times. The results are then analysed statistically to determine the most likely solution. This approach allows researchers to extract meaningful information from the inherently probabilistic quantum computations.

    From a commercial point of view, the development of quantum computing is still in its early stages, but the landscape is very diverse with lots of new companies appearing every year. It is fascinating to see that in addition to big, established companies like IBM and Google, new ones are joining, such as IQM, Pasqal and startups such as Alice and Bob. They are all working on making quantum computers more reliable, scalable and accessible.

    In the past, manufacturers have drawn attention to the number of qubits in their quantum computers, as a measure of how powerful the machine is. Manufacturers are increasingly prioritising ways to correct the errors that quantum computers are prone to. This shift is crucial for developing large-scale, fault-tolerant quantum computers, as these techniques are essential for improving their usability.

    Google’s latest quantum chip, Willow, recently demonstrated remarkable progress in this area. The more qubits Google used in Willow, the more it reduced the errors. This achievement marks a significant step towards building commercially relevant quantum computers that can revolutionise fields like medicine, energy and AI.

    After more than 40 years, quantum computing is still in its infancy, but significant progress is expected in the next decade. The probabilistic nature of these machines represents a fundamental difference between quantum and classical computing. It is what makes them fragile and hard to develop and scale.

    At the same time, it is what makes them a very powerful tool to solve optimisation problems, exploring multiple solutions at the same time, faster and more efficiently than classical computers can.

    Domenico Vicinanza, Associate Professor of Intelligent Systems and Data Science, Anglia Ruskin University

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

    The opinions expressed in VIEWPOINT articles are those of the author(s) and do not necessarily reflect the views of ARU.

    If you wish to republish this article, please follow these guidelines: https://theconversation.com/uk/republishing-guidelines

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI United Kingdom: Craigavon firm donates 360 meals to ABC Community Food Hub

    Source: Northern Ireland City of Armagh

    Shera McAloran, who is the founder of Karri Kitchens pictured with Chris Leach from ABC Community Food Hub.

    A Craigavon-based food business has been praised for their generous donation to the ABC Community Food Hub.

    Karri Kitchen have kindly given 360 prepared meals to be redistributed through the social supermarkets which are part of the ABC Community Food Hub set up to help those people experiencing food insecurity.

    With support from Armagh City, Banbridge and Craigavon (ABC) Borough Council, the Community Food Hub was co-designed to provide a centralised location for food donations to be distributed to food banks and social supermarkets within the ABC Borough.

    Shera McAloran who is the founder of Karri Kitchen, said: “It is our pleasure to be able to donate some of our healthy and nutritious meals to the ABC Food Hub. As a business based in the ABC Council area, we are keen to support local organisations who are providing much-needed help to people in crisis.

    “Food is a passion for our business, and we are happy to share that experience with people at a time of need. Knowing that our donations are being distributed through the hub to social supermarkets who journey alongside clients gives us confidence that what we give, makes a difference to those who need it the most.”

    Chris Leech from the ABC Community Food Hub said the donation by Karri Kitchen would make an important impact. “Our primary goal is to coordinate food donations from our amazing local food sector and channel these donations to organisations who are supporting people in crisis. We are impressed by the generosity of companies like Karri Kitchen, who want to share their award-winning meals with our social supermarket and food bank network,” said Chris.

    “Our strategy in 2025 is to develop this partnership between business and the community sector, ensuring that the generosity of local businesses is met with the best practice support of our local poverty relief charities.

    “Appropriate food support at a time of crisis, coupled with wrap-around support, can both meet an immediate poverty need and deliver ongoing empowering support. This wrap-around support helps to tackle some of the more complex issues that many people in our community face. Businesses are happy to meet their corporate social responsibility status and know that their community benefits.”

    Businesses can support the ABC Community Food Hub by visiting – www.armaghbanbridgecraigavon.gov.uk/resident/business-engagement/

    For those seeking help from the ABC Community Food Hub, social supermarkets and wraparound services are available in seven locations, ABC Community Food Hub, Craigavon; Stepping Stones Pantry, Armagh; The Pantry, Banbridge; Freedom Foods Pantry, Lurgan; Freedom Foods Pantry, Portadown; Via Wings Larder, Dromore and the Salvation Army, Lurgan.

    For further information and contact details please visit – www.armaghbanbridgecraigavon.gov.uk/resident/socialsupermarket/

    MIL OSI United Kingdom –

    February 8, 2025
  • MIL-OSI: Portland Investment Counsel Inc. Recognized at the FundGrade A+® Awards

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 07, 2025 (GLOBE NEWSWIRE) — Portland Investment Counsel Inc. (Portland) is pleased to announce that the Portland Life Sciences Alternative Fund, managed by Michael Lee-Chin, Executive Chairman and Portfolio Manager and Dragos Berbecel, Portfolio Manager of Portland, was awarded a 2024 FundGrade A+® Award in the Alternative Equity Focused category for the 12-month period ending December 31, 2024, out of a total of 58 funds.

    “We are deeply honored that Portland Life Sciences Alternative Fund has been recognized with a FundGrade A+® Award, a noteworthy achievement in Canada’s wealth management industry. This award reinforces our unwavering commitment to creating wealth for our investors and demonstrates our thesis that improved patient outcomes can lead to stronger investor outcomes. We extend our congratulations to all fellow recipients. Most importantly, we thank advisors and investors for their continued trust and confidence in our investment framework ” said Michael Lee-Chin.

    The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize Canadian investment funds that have consistently received a FundGrade rating every month in the previous year.

    To learn more about this award-winning fund, visit: Portland Life Sciences Alternative Fund.

    About Portland Investment Counsel Inc.
    Portland is an Investment Fund Manager, Portfolio Manager and Exempt Market Dealer. We have a reputation for being Owners and Operators thus we are insightful Investors. Portland provides portfolio management and exempt market dealer services as well as investment products. Our investor roots date back to 1987. www.portlandic.com

    About Fundata Canada Inc.’s FundGrade A+®rating
    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    Portland Investment Counsel Inc.
    Diana N. Oddi, Director, Communications and Marketing
    905.331.4250

    The MIL Network –

    February 8, 2025
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