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Category: Business

  • MIL-Evening Report: Astronomers have spied an asteroid that may be heading for Earth. Here’s what we know so far

    Source: The Conversation (Au and NZ) – By Jonti Horner, Professor (Astrophysics), University of Southern Queensland

    Artist’s impression of an asteroid with Earth in the background. Buradaki / Shutterstock

    On 27 December last year, astronomers using the ATLAS survey telescope in Chile discovered a small asteroid moving away from Earth. Follow up observations have revealed that the asteroid, 2024 YR4, is on a path that might lead to a collision with our planet on 22 December 2032.

    In other words, the newly-discovered space rock poses a significant impact threat to our planet.

    It sounds like something from a bad Hollywood movie. But in reality, there’s no need to panic – this is just another day living on a target in a celestial shooting gallery.

    So what’s the story? What do we know about 2024 YR4? And what would happen if it did collide with Earth?

    A target in the celestial shooting gallery

    As Earth moves around the Sun, it is continually encountering dust and debris that dates back to the birth of the Solar system. The system is littered with such debris, and the meteors and fireballs seen every night are evidence of just how polluted our local neighbourhood is.

    But most of the debris is far too small to cause problems to life on Earth. There is far more tiny debris out there than larger chunks – so impacts from objects that could imperil life on Earth’s surface are much less frequent.

    The most famous impact came some 66 million years ago. A giant rock from space, at least 10 kilometres in diameter, crashed into Earth – causing a mass extinction that wiped out something like 75% of all species on Earth.

    Impacts that large are, fortunately, very rare events. Current estimates suggest that objects like the one which killed the dinosaurs only hit Earth every 50 million years or so. Smaller impacts, though, are more common.

    On 30 June 1908, there was a vast explosion in a sparsely populated part of Siberia. When explorers later reached the location of the explosion, they found an astonishing site: a forest levelled, with all the trees fallen in the same direction. As they moved around, the direction of the fallen trees changed – all pointing inwards towards the epicentre of the explosion.

    The Tunguska event flattened trees over an area of around 2,200 square kilometres.
    Leonid Kulik / Wikimedia

    In total, the Tunguska event levelled an area of almost 2,200 square kilometres – roughly equivalent to the area of greater Sydney. Fortunately, that forest was extremely remote. While plants and animals were killed in the blast zone, it is thought that, at most, only three people perished.

    Estimates vary of how frequent such large collisions should be. Some argue that Earth should experience a similar impact, on average, once per century. Others suggest such collisions might only happen every 10,000 years or so. The truth is we don’t know – but that’s part of the fun of science.

    More recently, a smaller impact created global excitement. On 15 February 2013, a small asteroid (likely about 18 metres in diameter) detonated near the Russian city of Chelyabinsk.

    The explosion, about 30 kilometres above the Earth’s surface, generated a powerful shock-wave and extremely bright flash of light. Buildings were damaged, windows smashed, and almost 1,500 people were injured – although there were no fatalities.

    It served as a reminder, however, that Earth will be hit again. It’s only a question of when.

    Which brings us to our latest contender – asteroid 2024 YR4.

    The 1-in-77 chance of collision to watch

    2024 YR4 has been under close observation by astronomers for a little over a month. It was discovered just a few days after making a relatively close approach to our planet, and it is now receding into the dark depths of the Solar system. By April, it will be lost to even the world’s largest telescopes.

    The observations carried out over the past month have allowed astronomers to extrapolate the asteroid’s motion forward over time, working out its orbit around the Sun. As a result, it has become clear that, on 22 December 2032, it will pass very close to our planet – and may even collide with us.

    The area at risk of a strike, based on current (highly uncertain) data.
    Daniel Bamberger / Wikimedia, CC BY-SA

    At present, our best models of the asteroid’s motion have an uncertainty of around 100,000 kilometres in its position at the time it would be closest to the Earth. At around 12,000 kilometres in diameter, our planet falls inside that region of uncertainty.

    Calculations suggest there is currently around a 1-in-77 chance that the asteroid will crash into our planet at that time. Of course, that means there is still a 76-in-77 chance it will miss us.

    When will we know for sure?

    With every new observation of 2024 YR4, astronomers’ knowledge of its orbit improves slightly – which is why the collision likelihoods you might see quoted online keep changing. We’ll be able to follow the asteroid as it recedes from Earth for another couple of months, by which time we’ll have a better idea of exactly where it will be on that fateful day in December 2032.

    But it is unlikely we’ll be able to say for sure whether we’re in the clear at that point.

    Recent observations of 2024 YR4 – the faint unmoving dot in the centre of the image.
    ESO, CC BY

    Fortunately, the asteroid will make another close approach to the Earth in December 2028 – passing around 8 million kilometres from our planet. Astronomers will be ready to perform a wide raft of observations that will help us to understand the size and shape of the asteroid, as well as giving an incredibly accurate overview of where it will be in 2032.

    At the end of that encounter, we will know for sure whether there will be a collision in 2032. And if there is to be a collision that year, we’ll be able to predict where on Earth that collision will be – likely to a precision of a few tens of kilometres.

    How big would the impact be?

    At the moment, we don’t know the exact size of 2024 YR4. Even through Earth’s largest telescopes, it is just a single tiny speck in the sky. So we have to estimate its size based on its brightness. Depending on how reflective the asteroid is, current estimates place it as being somewhere between 40 and 100 metres across.

    What does that mean for a potential impact? Well, it would depend on exactly what the asteroid is made of.

    The most likely scenario is that the asteroid is a rocky pile of rubble. If that turns out to be the case, then the impact would be very similar to the Tunguska event in 1908.

    The asteroid would detonate in the atmosphere, with a shockwave blasting Earth’s surface as a result. The Tunguska impact was a “city killer” type event, levelling forest across a city-sized patch of land.

    Meteor Crater in Arizona is believed to have been created by a 50m metallic meteorite impact around 50,000 years ago.
    NASA Earth Observatory / Wikimedia

    A less likely possibility is that the asteroid is made of metal. Based on its orbit around the Sun, this seems unlikely – but we can’t rule it out.

    In that case, the asteroid would make it through the atmosphere intact, and crash into Earth’s surface. If it hit on the land, it would carve out a new impact crater, probably more than a kilometre across and a couple of hundred metres deep – something similar to Meteor Crater in Arizona.

    Again, this would be quite spectacular for the region around the impact – but that would be about it.

    Living in a remarkable time

    This all sounds like doom and gloom. After all, we know that the Earth will be hit again – either by 2024 YR4 or something else. But there’s a real positive to take out of all this.

    There has been life on Earth for more than 3 billion years. In all that time, impacts have come along and caused destruction and devastation many times.

    But there has never been a species, to our knowledge, that understood the risk, could detect potential threats in advance, and even do something about the threat. Until now.

    In just the past few years, we have discovered 11 asteroids before they hit our planet. In each case, we have predicted where they would hit, and watched the results.

    We have also, in recent years, demonstrated a growing capacity to deflect potentially threatening asteroids. NASA’s DART mission (the Double Asteroid Redirection Test) was an astounding success.

    For the first time in more than 3 billion years of life on Earth, we can do something about the risk posed by rocks from space. So don’t panic! But instead, sit back and watch the show.

    Jonti Horner 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. Astronomers have spied an asteroid that may be heading for Earth. Here’s what we know so far – https://theconversation.com/astronomers-have-spied-an-asteroid-that-may-be-heading-for-earth-heres-what-we-know-so-far-248753

    MIL OSI Analysis – EveningReport.nz –

    January 31, 2025
  • MIL-OSI United Kingdom: UK Academics receive Prince Mahidol Award 2024

    Source: United Kingdom – Executive Government & Departments

    Two scientists from the UK received Thailand’s Prince Mahidol Awards for 2024 for long and significant contribution in the field of Public Health and Medicine.

    Today (30 January 2025) two scientists from the UK received Thailand’s Prince Mahidol Awards (PMA) for 2024 for their long and significant contribution in the field of Public Health and Medicine. Dr Jonathan Shepherd, a British surgeon and professor at Cardiff University in Wales, and Dr Tony Hunter (dual US-UK national), a professor of Biology at the Salk Institute for Biological Studies, USA have received the award, following on from  Professor David Mabey, who received the award in 2019 for his work to eradicate trachoma, the most common infectious cause of blindness worldwide.

    The Award Presentation Ceremony was held at Thailand’s Royal Palace. Her Royal Highness Princess Maha Chakri Sirindhorn, as the representative of His Majesty the King, presided over the Presentation Ceremony, in the company of the Privy Council, Bureau of the Royal Household and Cabinet members.

    Dr Shepherd receives the Prince Mahidol Award (PMA) in Public Health for his creation of the ‘Cardiff Model of Violence Prevention’ which is an evidence-based, multisectoral approach to violence prevention which   has been endorsed by the World Health Organisation and integrated into multisectoral approaches to violence prevention from South Africa to Australia. Dr Shepherd’s research and commitment to evidence-based public policy has contributed to the development of ‘What Works Network’. The Network, supported by the UK government, acts as an important interface between research and policymaking, ensuring that policy makers have access to the best evidence.

    Professor Hunter who studied at the University of Cambridge in the UK, receives the Prince Mahidol Award in Medicine for his discovery of tyrosine kinase enzymes and the phosphorylation process, a crucial mechanism that transforms normal cells into cancerous cells. This breakthrough discovery led to the development of targeted cancer treatments and pharmaceutical innovation that can effectively inhibit cancer cells.

    In 2024 the UK and Thailand established a Strategic Partnership, highlighting a shared commitment to advance global health by championing universal access to health care and strengthening partnerships to prevent, detect and respond to global health threats. This includes joint efforts to tackle antimicrobial resistance and infectious disease outbreaks including through the development and application of innovative technology, such as genomics.

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    Published 31 January 2025

    MIL OSI United Kingdom –

    January 31, 2025
  • MIL-OSI: Change in the total number of shares and votes in Anoto

    Source: GlobeNewswire (MIL-OSI)

    Anoto Group AB (”Anoto”) has as previously announced carried out a directed share issue, a set-off issue, and a rights issue of ordinary shares, which has resulted in a changed number of shares and votes in Anoto.

    Through the directed share issue and the set-off issue, the number of shares and votes has increased by 125,043,750 and 230,636,107 respectively. Through the rights issue, the outcome of which was announced through a press release on 30 December 2024, the number of shares and votes has increased by 414,823,830.

    The total number of shares and votes in Anoto as of 31 January 2025 amounts to 1,102,362,753.

    This information is published in accordance with Chapter 4, Section 9 of the Swedish Financial Instruments Trading Act (SFS 1991:980). This information was submitted for publication on 31 January 2025, at 7 am CET. 

    For further information, please contact:
    Kevin Adeson, Chairman of the board of Anoto Group AB (publ)
    For more information about Anoto, please visit www.anoto.com or email ir@anoto.com
    Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm

    About Anoto Group
    Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a lead-er in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and related software. These smartpens enrich the daily lives of millions of people around the world. Anoto currently has three main business lines: Livescribe retail, Enterprise Forms and OEM. Anoto also holds a stake in Knowledge AI, a leading AI based education solution company. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.

    Attachment

    • Anoto Press Release 31 January 2025 (SV)

    The MIL Network –

    January 31, 2025
  • MIL-OSI Global: Planes have high-tech systems to stop midair crashes. So what went wrong in Washington?

    Source: The Conversation – Global Perspectives – By Chrystal Zhang, Associate Professor, Aerospace Engineering & Aviation, RMIT University

    On Wednesday night US time, a passenger jet and US Army helicopter collided at a low altitude near Ronald Reagan Washington National Airport, and crashed into the the Potomac River.

    A total of 60 passengers – including US and Russian champion figure skaters – and four crew were on board the American Airlines flight AA5342 from Wichita, Kansas. Three military personnel were in the chopper, which was conducting a routine training flight. Authorities say no one on board either aircraft survived.

    This crash comes just over a month after a passenger jet crashed in South Korea – possibly as a result of a bird strike – killing all but two of the 181 people on board. The two incidents have focused attention on aviation safety around the world.

    In the case of the most recent tragedy in the US, technology exists that is designed to help pilots avoid midair collisions with other aircraft. It is known as the Traffic Collision Avoidance System – or TCAS.

    So how does it work? And why might it have failed to prevent disaster in this case?

    What is a TCAS?

    A TCAS is an aircraft safety system that monitors the airspace around a plane for other aircraft equipped with transponders. These are devices that listen for and respond to incoming electronic signals.

    The system – also sometimes referred to as an ACAS (Airborne Collision Avoidance System) – operates independently of an external air traffic control system. Its purpose is to alert pilots immediately to nearby aircraft and potential midair collisions.

    Since the technology was developed in 1974, it has undergone a number of advances.

    The first generation technology, known as TCAS I, monitors what’s around an aircraft. It provides information on the bearing and altitude of any nearby aircraft. If there is a risk of collision, it generates what’s known as a “Traffic Advisory” – or TA. When a TA is issued, the pilot is notified of the threat, but must themselves determine the best evasive action to take.

    The second generation technology, known as TCAS II, goes a step further: it provides a pilot with specific instructions on how to avoid a collision with a nearby aircraft or conflict with traffic, either by descending, climbing, turning or adjusting their speed.

    These newer systems are also able to communicate with each other. This ensures the advice given to each aircraft is coordinated.

    Any aircraft used for commercial purposes must be equipped with a TCAS in accordance with international regulations under what’s known as the Chicago Convention. There are specific provisions under the convention for noncommercial aircraft.

    Military helicopters are not subject to the provisions of the Chicago Convention (although they are subject to domestic laws and regulations). And there are reports the military helicopter did not have a TCAS system on board.

    Limitations of TCAS at low altitudes

    Regardless of whether the military helicopter involved in the crash was fitted with a TCAS, the technology still has limitations. In particular, it is inhibited at altitudes below roughly 300 metres.

    The last recorded altitude of American Airlines flight AA5342 was roughly 90 metres. The last recorded altitude of the US military helicopter that collided with the plane was roughly 60 metres.

    It is not an accident that a TCAS is inhibited at low altitudes. In fact, this is part of the design of the technology.

    This is primarily because the system relies on radio altimeter data, which measures altitude and becomes less accurate near the ground. This could potentially result in unreliable collision-avoidance instructions.

    Another issue is that an aircraft at such a low altitude cannot descend any further to avoid a collision.

    The site of several near misses

    Ronald Reagan Washington National Airport is one of the busiest airports in the United States. Commercial, military and private aircraft share very limited airspace and corridors.

    It has been the site of several near misses in recent years.

    For example, in April 2024, a commercial plane pilot coming into land had to take evasive action to avoid a helicopter that was roughly 100 metres beneath it. In an incident report, the pilot said:

    We never received a warning of the traffic from (air traffic control) so we were unaware it was there.

    Many people, including Democratic US senator Tim Kaine, pointed to this near miss as evidence of why a plan to allow more flights into Ronald Reagan Washington National Airport should not proceed. Despite this, the plan was approved the following month.

    All of this will undoubtedly be examined as part of the investigation by the National Transportation Safety Board into this disaster.

    Chrystal Zhang 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. Planes have high-tech systems to stop midair crashes. So what went wrong in Washington? – https://theconversation.com/planes-have-high-tech-systems-to-stop-midair-crashes-so-what-went-wrong-in-washington-248744

    MIL OSI – Global Reports –

    January 31, 2025
  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on January 31, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,00,000
    Total amount of bids received (in ₹ crore) 1,28,059
    Amount allotted (in ₹ crore) 1,00,013
    Cut off Rate (%) 6.51
    Weighted Average Rate (%) 6.52
    Partial Allotment Percentage of bids received at cut off rate (%) 51.04

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2049

    MIL OSI Economics –

    January 31, 2025
  • MIL-OSI Banking: Result of Underwriting Auction conducted on January 31, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on January 31, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.79% GS 2031 10,000 5,019 4,981 10,000 0.06
    6.79% GOI SGrB 2034 5,000 2,520 2,480 5,000 0.70
    7.34% GS 2064 15,000 7,518 7,482 15,000 0.18
    Auction for the sale of securities will be held on January 31, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2048

    MIL OSI Global Banks –

    January 31, 2025
  • MIL-OSI USA: Murray, Budget Committee Democrats, Leader Schumer Press to Delay Vought’s OMB Nomination

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    WASHINGTON, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and a senior member and former Chair of the Senate Budget Committee, joined every other Democratic member of the Budget Committee and Senate Democratic Leader Chuck Schumer (D-NY) in demanding that Chairman Lindsey Graham (R-SC) delay Russell Vought’s nomination to serve as Director of Office of Management and Budget (OMB) until he satisfactorily answers questions regarding his advice to the President relating to the illegal impoundment of Congressionally appropriated funds – questions that have taken on greater urgency in light of OMB’s directive “to freeze all funding for ‘Federal financial assistance programs.’”

    “While Mr. Vought stonewalled Committee members, he was already planning on halting programs that feed hungry children, heat the homes of low-income families, support farmers, and bring relief to those suffering from natural disasters. The laws Congress passes are not suggestions, and Mr. Vought willfully ignoring them harms the constituents of every Member of the Committee,” the senators wrote.

    The senators called for the Budget Committee to postpone the vote on Vought for two weeks while they get full and complete responses to questions from the nominee.

    The senators wrote, “It is simply unconscionable that the Budget Committee could vote to confirm Mr. Vought to be Director of Office of Management and Budget without getting some real answers from him about his ongoing efforts to stymie the will of Congress. Mr. Vought is a clear and present danger to Congress’s Power of the Purse; his outright refusal to discuss his plans that were already in development is a slap in the face to every Member of the Committee, Democrat and Republican alike.”

    The letter was signed by all the Democrats of the Senate Budget Committee—Ranking Member Jeff Merkley (D-OR), Patty Murray (D-WA), Ron Wyden (D-OR), Bernie Sanders (I-VT), Sheldon Whitehouse (D-RI), Mark Warner (D-VA), Tim Kaine (D-VA), Chris Van Hollen (D-MD), Ben Ray Luján (D-NM), and Alex Padilla (D-CA)—and Leader Schumer.

    A copy of the letter is available here or below:

    Dear Senator Graham:

    During the Budget Committee’s hearing on Wednesday, January 22 to examine the nomination of Russell T. Vought to serve as the Director of Office of Management and Budget, Mr. Vought was repeatedly evasive about whether, if confirmed, he would advise the President to impound Congressionally-appropriated funds in clear violation of Article II of the Constitution and the unambiguous text of the Impoundment Control Act of 1974.

    In written responses to questions following the hearing, Mr. Vought continued his refusal to answer direct questions about how executive orders to pause foreign aid funding, as well as funding authorized and appropriated by the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, complied with the law.

    Now, less than a week after the hearing, it is clear that Mr. Vought’s non-answers were an effort to thwart the Committee from getting the truth of the Trump administration’s plan, per OMB memorandum M-25-13, to freeze all funding for “Federal financial assistance programs.” While Mr. Vought stonewalled Committee members, he was already planning on halting programs that feed hungry children, heat the homes of low-income families, support farmers, and bring relief to those suffering from natural disasters. The laws Congress passes are not suggestions, and Mr. Vought willfully ignoring them harms the constituents of every Member of the Committee.

    It is simply unconscionable that the Budget Committee could vote to confirm Mr. Vought to be Director of Office of Management and Budget without getting some real answers from him about his ongoing efforts to stymie the will of Congress. Mr. Vought is a clear and present danger to Congress’s Power of the Purse; his outright refusal to discuss his plans that were already in development is a slap in the face to every Member of the Committee, Democrat and Republican alike.

    For those reasons, we request that the business meeting to consider Mr. Vought’s nomination, currently scheduled for Thursday, January 30, be postponed for two weeks so the Committee may get full responses to the questions Mr. Vought has thus far refused to answer.

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: Cramer Questions Army Secretary Nominee Dan Driscoll on Delayed Establishment of Western Water Cooperative Committee

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    ***Click here to download video. Click here for audio.***
    WASHINGTON, D.C. – The Senate Armed Services Committee (SASC) held a hearing today to consider the nomination of Dan Driscoll to be the 26th Secretary of the Army. Driscoll, who was nominated by President Donald Trump in December, is a businessman, Army veteran, and Yale Law School graduate.
    In this position, Driscoll would have the primary responsibility of overseeing all aspects of the U.S. Army. Among other duties, he would be tasked with recruiting, organizing, supplying, equipping, training, mobilizing and demobilizing personnel, maintaining military equipment, the construction of buildings and utilities, and the acquisition of real property necessary to carry out responsibilities. The Army Corps of Engineers (USACE) also reports to the Secretary of the Army. 
    [embedded content]
    U.S. Senator Kevin Cramer (R-ND), who also serves as chairman of the Senate Environment and Public Works Transportation and Infrastructure Subcommittee, asked Driscoll about bipartisan language he authored in the Water Resources Development Act (WRDA) of 2022 requiring the USACE to establish a Western Water Cooperative Committee (WWCC). The WWCC provides North Dakota and other Western states with a platform to bring problems directly to the USACE and help ensure USACE policies align with state water rights and water laws.
    While the legislation was signed into law December 2022, and fully funded a year later, the WWCC has not been established yet. After sending a letter to the Army Corps with U.S. Senator Jeff Merkley (D-OR) last October, Cramer said some clarity on the process DOD and the Army are working through has been given.
    Yesterday, Cramer was told the WWCC’s charter currently sits before the Department of Defense’s (DOD) Advisory Committee Management Office and will be approved within 30 days, at which point it moves back to the Army for action.
    “It’s a law! It’s been approved by the only people that matter, the people in Congress and the President of the United States,” said Cramer. “So, 30 days to approve something that they’re required to do by law seems a little outrageous to me, but I’m going to be generous today. After the ‘30 days,’ which we’ll see, I’ll believe it when I see it, it goes back to the Army for action. […] That doesn’t give me a lot of solace. […] It’s a law, and has been a law for over two years.”
    Cramer asked Driscoll if he would commit to getting the charter approved by DOD’s Advisory Committee Management Office at least within 30 days, if not earlier.
    “Unequivocally, Senator,” said Driscoll. “I intend to work with this committee and follow the law, and so I would absolutely commit to looking into that.” 
    As chair of the SASC Airland Subcommittee and co-chair of the Defense Modernization Caucus, Cramer emphasized the importance of acquisition reform. He said, “it’s time to get disruptors in place, and Dan is one of those.”
    Cramer stressed the importance of “going faster” when it comes to DOD weapons development and procurement. As Secretary of the Army, Driscoll would lead the Army as the service is pursuing sweeping modernization initiatives across the force. 
    “We just have to go faster, and the Army does it quite well, by the way,” said Cramer. “If people go faster and innovate more and encourage innovation, particularly from smaller companies, I promise not to be the person that sits up here and says, ‘I gotcha’ when something bad happens. I promise you, I’ll be your worst nightmare if you fail to go fast because you’re worried about your backside and some DOD lawyer or leader that doesn’t have the guts to do what needs to be done to keep up with the pace of China.”

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI Economics: Money Market Operations as on January 30, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,45,691.61 6.56 4.00-6.95
         I. Call Money 14,941.07 6.58 5.10-6.65
         II. Triparty Repo 3,85,768.80 6.55 6.49-6.75
         III. Market Repo 1,43,070.44 6.59 4.00-6.95
         IV. Repo in Corporate Bond 1,911.30 6.76 6.75-6.80
    B. Term Segment      
         I. Notice Money** 126.94 6.43 5.90-6.65
         II. Term Money@@ 1,141.50 – 6.70-7.50
         III. Triparty Repo 1,585.00 6.54 6.50-6.57
         IV. Market Repo 2,040.99 6.61 6.60-6.75
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 30/01/2025 1 Fri, 31/01/2025 1,17,354.00 6.51
         (b) Reverse Repo          
    3. MSF# Thu, 30/01/2025 1 Fri, 31/01/2025 3,099.00 6.75
    4. SDFΔ# Thu, 30/01/2025 1 Fri, 31/01/2025 69,667.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       50,786.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,71,652.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,22,438.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 30, 2025 9,18,934.39  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 30, 2025 1,17,354.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 -40,102.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2047

    MIL OSI Economics –

    January 31, 2025
  • MIL-OSI Economics: Samsung Electronics Announces Fourth Quarter and FY 2024 Results

    Source: Samsung

    Samsung Electronics today reported financial results for the fourth quarter and the fiscal year 2024.
     
    The Company posted KRW 75.8 trillion in consolidated revenue and KRW 6.5 trillion in operating profit in the quarter ended December 31, 2024. For the full year, it reported KRW 300.9 trillion in annual revenue and KRW 32.7 trillion in operating profit.
     
    Although fourth quarter revenue and operating profit decreased on a quarter-on-quarter (QoQ) basis, annual revenue reached the second-highest on record, surpassed only in 2022. Meanwhile, operating profit was down KRW 2.7 trillion QoQ, due to soft market conditions especially for IT products, and an increase in expenditures including R&D.
     
    In the first quarter of 2025, while overall earnings improvement may be limited due to weakness in the semiconductors business, the Company aims to pursue growth through increased sales of smartphones with differentiated AI experiences, as well as premium products in the Device eXperience (DX) Division.
     
    For 2025 as a whole, the Company plans to enhance technological and product advantages in AI, continue to meet future demand for high-value-added products and drive sales growth in premium segments.
     
    With market conditions expected to remain soft in 1H for the Device Solutions (DS) Division, the Company will focus on securing technology leadership for mid- to long-term growth. Samsung Display Corporation (SDC) will look to strengthen its leading position in high-end products by enhancing product competitiveness, and the DX Division will focus on extending its leadership in delivering AI experiences across a diverse product portfolio.
     
    The Company’s capital expenditures in 2024 reached a total of KRW 53.6 trillion, including KRW 46.3 trillion spent in the DS Division and KRW 4.8 trillion in SDC. In the fourth quarter, the total was KRW 17.8 trillion, with KRW 16 trillion allocated to the DS Division and KRW 1 trillion to SDC.
     
     
    Semiconductors To Optimize Portfolio Centered on Advanced Nodes
    The DS Division posted KRW 30.1 trillion in consolidated revenue and KRW 2.9 trillion in operating profit in the fourth quarter of 2024.
     
    The Memory Business achieved record-high fourth-quarter revenue, backed by a higher blended DRAM average selling price (ASP) due to the increased sales of high-bandwidth memory (HBM) and high-density DDR5 for servers. However, operating profit decreased slightly compared to the previous quarter as a result of increased R&D expenses to secure future technology leadership, as well as the initial ramp-up costs to secure production capacity for cutting-edge nodes.
     
    In the first quarter of 2025, amid ongoing uncertainties in demand, the Memory Business will shift its business portfolio to more high-value-added products by accelerating the migration to cutting-edge nodes to respond to the demand for high-performance and high-density products.
     
    For DRAM, the Memory Business seeks to increase the share of DDR5 and LPPDR5x shipments by accelerating the transition to the 1b nanometer (nm) process. As for NAND, the Business is executing the technology migration from V6 to V8 while increasing sales of V7 QLC-based server SSDs.
     
    In 2025, overall memory market demand is expected to recover from the second quarter. The Memory Business is reducing the portion of legacy DRAM and NAND products to align with market demand and accelerating the migration to cutting-edge nodes. The Business will continue to strengthen its business competitiveness and optimize its portfolio by increasing the portion of high value-added products such as HBM, DDR5, LPDDR5x, GDDR7 and server SSDs based on advanced process nodes.
     
    Earnings at the System LSI Business declined in the quarter due to weak mobile demand and higher R&D expenses to advance cutting-edge product development.
     
    In the first quarter of 2025, earnings are expected to remain weak due to delayed entry into the flagship system-on-a-chip (SoC) market. However, demand for core products such as image sensors and DDI is expected to increase on the back of flagship smartphone launches.
     
    In 2025, the System LSI Business will focus on further enhancing its flagship SoC through product optimization. For image sensors, the Business will proactively respond to high-resolution needs — such as for 200-megapixel (MP) telephoto and main cameras.
     
    The overall profit for the Foundry Business decreased due to lower utilization rates and higher R&D expenses for advanced-node technology. Its 2nm GAA technology is under active development, with the design-kit (DK) already distributed to customers for product design, while the 4nm process is mass producing HPC products based on stable yields.
     
    Looking ahead to the first quarter of 2025, earnings are expected to remain weak due to sluggish mobile demand and fixed-cost burden stemming from lower utilization rates. In this environment, the Foundry Business will concentrate on advancing leading-edge process development and enhancing process maturity to expand opportunities in AI and HPC applications and customer engagement for advanced nodes.
     
    As for 2025, the Business will continue to secure orders from major customers by ramping up and stabilizing the 2nm GAA technology, while simultaneously bolstering the 4nm technology and design infrastructure to meet the growing mobile and HPC needs.
     

    Display To Strengthen Product Competitiveness in 2025
    SDC posted KRW 8.1 trillion in consolidated revenue and KRW 0.9 trillion in operating profit for the fourth quarter.
     
    SDC reported declining profits QoQ due to sluggish smartphone demand and rising competition for the mobile display business, and achieved double-digit revenue growth QoQ for the large display business, with an increase in year-end TV sales.
     
    In the first quarter of 2025, the earnings outlook for the mobile display business is conservative, as the overall smartphone market demand is expected to remain weak. For the large display business, TVs with enhanced image quality are scheduled to launch, as well as high-resolution monitors.
     
    In 2025, SDC aims to sustain its leadership in the high-end segment by strengthening product competitiveness. For the large display business, SDC will increase sales of diversified high-performance TVs and monitors.
     
     
    MX To Drive Flagship-Centric Sales, Reinforce Leadership in Mobile AI
    The Mobile eXperience (MX) and Networks businesses posted KRW 25.8 trillion in consolidated revenue and KRW 2.1 trillion in operating profit for the fourth quarter.
     
    The MX Business reported a QoQ decrease in sales and profit, in part due to the fading effects of new flagship model launches. However, on a full-year basis, flagship sales saw robust growth on the back of double-digit growth of the Galaxy S24 series featuring Galaxy AI, with tablets and wearables also increasing in both value and shipments.
     
    In the first quarter of 2025, the MX Business plans to drive sales growth based on its flagship models, particularly the newly launched Galaxy S25 series, and will continue to lead the AI smartphone market through promotion of new AI experiences and product competitiveness.
     
    In 2025, the MX Business will reinforce its mobile AI leadership by providing more personalized, differentiated AI experiences while also strengthening the foldable lineup to generate new customer demand. Additionally, the Business plans to expand sales by providing advanced AI features and rich Galaxy ecosystem experiences for premium tablets, notebooks, wearables and the upcoming XR device.
     
    While prices of major components are expected to increase this year due to advancements in hardware specifications, the MX Business aims to improve profitability by continuing to build out Galaxy AI and expand sales centered on flagship products.
     
    In the fourth quarter, the Networks Business reported significant improvements in revenue and operating profit in key markets. For 2025, performance is set to improve as the Business expects to win new orders and as major operators expand their network and increase adoption of virtualized and open radio access networks (vRAN/ORAN).
     

    Vision AI Expected To Drive Growth for Visual Display
    The Visual Display (VD) and Digital Appliances (DA) Businesses posted KRW 14.4 trillion in consolidated revenue and KRW 0.2 trillion in operating profit in the fourth quarter.
     
    The VD Business saw revenue increase in the fourth quarter due to expanded sales and an improved sales mix through peak-season promotion, yet profitability decreased slightly as a result of increased cost from intensified competition amid largely stagnant TV demand.
     
    In the first quarter of 2025, while overall TV demand is expected to decrease YoY due to growing domestic and global economic uncertainties, demand for high-value-added products is projected to remain solid. The Business will try to improve profitability and expand strategic product sales through new model launches based on the Vision AI strategy for Samsung’s AI screens.
     
    In 2025, the overall TV market is expected to grow slightly in major emerging markets. The VD Business plans to lead the AI screen market under Samsung’s “Home AI” vision, integrating AI into all connected device experiences based on the SmartThings platform and expand the adoption of Samsung Knox security solutions.

    MIL OSI Economics –

    January 31, 2025
  • MIL-Evening Report: Planes have high-tech systems to stop midair crashes. So what went wrong in Washington?

    Source: The Conversation (Au and NZ) – By Chrystal Zhang, Associate Professor, Aerospace Engineering & Aviation, RMIT University

    On Wednesday night US time, a passenger jet and US Army helicopter collided at a low altitude near Ronald Reagan Washington National Airport, and crashed into the the Potomac River.

    A total of 60 passengers – including US and Russian champion figure skaters – and four crew were on board the American Airlines flight AA5342 from Wichita, Kansas. Three military personnel were in the chopper, which was conducting a routine training flight. Authorities say no one on board either aircraft survived.

    This crash comes just over a month after a passenger jet crashed in South Korea – possibly as a result of a bird strike – killing all but two of the 181 people on board. The two incidents have focused attention on aviation safety around the world.

    In the case of the most recent tragedy in the US, technology exists that is designed to help pilots avoid midair collisions with other aircraft. It is known as the Traffic Collision Avoidance System – or TCAS.

    So how does it work? And why might it have failed to prevent disaster in this case?

    What is a TCAS?

    A TCAS is an aircraft safety system that monitors the airspace around a plane for other aircraft equipped with transponders. These are devices that listen for and respond to incoming electronic signals.

    The system – also sometimes referred to as an ACAS (Airborne Collision Avoidance System) – operates independently of an external air traffic control system. Its purpose is to alert pilots immediately to nearby aircraft and potential midair collisions.

    Since the technology was developed in 1974, it has undergone a number of advances.

    The first generation technology, known as TCAS I, monitors what’s around an aircraft. It provides information on the bearing and altitude of any nearby aircraft. If there is a risk of collision, it generates what’s known as a “Traffic Advisory” – or TA. When a TA is issued, the pilot is notified of the threat, but must themselves determine the best evasive action to take.

    The second generation technology, known as TCAS II, goes a step further: it provides a pilot with specific instructions on how to avoid a collision with a nearby aircraft or conflict with traffic, either by descending, climbing, turning or adjusting their speed.

    These newer systems are also able to communicate with each other. This ensures the advice given to each aircraft is coordinated.

    Any aircraft used for commercial purposes must be equipped with a TCAS in accordance with international regulations under what’s known as the Chicago Convention. There are specific provisions under the convention for noncommercial aircraft.

    Military helicopters are not subject to the provisions of the Chicago Convention (although they are subject to domestic laws and regulations). And there are reports the military helicopter did not have a TCAS system on board.

    Limitations of TCAS at low altitudes

    Regardless of whether the military helicopter involved in the crash was fitted with a TCAS, the technology still has limitations. In particular, it is inhibited at altitudes below roughly 300 metres.

    The last recorded altitude of American Airlines flight AA5342 was roughly 90 metres. The last recorded altitude of the US military helicopter that collided with the plane was roughly 60 metres.

    It is not an accident that a TCAS is inhibited at low altitudes. In fact, this is part of the design of the technology.

    This is primarily because the system relies on radio altimeter data, which measures altitude and becomes less accurate near the ground. This could potentially result in unreliable collision-avoidance instructions.

    Another issue is that an aircraft at such a low altitude cannot descend any further to avoid a collision.

    The site of several near misses

    Ronald Reagan Washington National Airport is one of the busiest airports in the United States. Commercial, military and private aircraft share very limited airspace and corridors.

    It has been the site of several near misses in recent years.

    For example, in April 2024, a commercial plane pilot coming into land had to take evasive action to avoid a helicopter that was roughly 100 metres beneath it. In an incident report, the pilot said:

    We never received a warning of the traffic from (air traffic control) so we were unaware it was there.

    Many people, including Democratic US senator Tim Kaine, pointed to this near miss as evidence of why a plan to allow more flights into Ronald Reagan Washington National Airport should not proceed. Despite this, the plan was approved the following month.

    All of this will undoubtedly be examined as part of the investigation by the National Transportation Safety Board into this disaster.

    Chrystal Zhang 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. Planes have high-tech systems to stop midair crashes. So what went wrong in Washington? – https://theconversation.com/planes-have-high-tech-systems-to-stop-midair-crashes-so-what-went-wrong-in-washington-248744

    MIL OSI Analysis – EveningReport.nz –

    January 31, 2025
  • MIL-OSI USA: ICYMI: Senator Baldwin Pens Op-ed Outlining Her Opposition to RFK, Jr.’s Nomination to be Nation’s Top Health Official

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – Today, Newsweek published the following op-ed penned by U.S. Senator Tammy Baldwin (D-WI) ahead of her questioning of Robert F. Kennedy, Jr., nominee for Secretary of the Department of Health and Human Services, in front of the Senate Committee on Health, Education, Labor, and Pensions (HELP):
    Newsweek: RFK Jr. Is Bad for Our Health
    When I was 9 years old, I was diagnosed with a serious illness similar to spinal meningitis. The experience not only landed me in the hospital for three months, it also shaped the rest of my life. I was a child with a pre-existing condition, uninsurable for more than a decade after I got better.
    I got into politics because of my experience with health care, and it informs how I think about keeping Americans safe and well today. I know what it’s like to be a child in a hospital bed and just how important it is to protect children from life-threatening diseases.
    I’m committed to giving President Donald Trump’s nominees a fair shake and continue to carefully evaluate if each nominee will help or hurt my constituents. This, of course, includes the position to lead our nation’s largest public health agency. While I have been proud to support various Republican nominees—I even introduced former Wisconsin Rep. Sean Duffy in front of the Senate Commerce Committee to be secretary of transportation—there are some that clearly will hurt American families.
    Robert F. Kennedy Jr. is one of them. RFK Jr. has been nominated to lead the Department of Health and Human Services (HHS), an agency that is responsible for keeping our nation healthy. HHS is charged with overseeing vaccines to stop the spread of diseases like polio and measles, spearheading lifesaving research into cures for cancer and Alzheimer’s, and so much more.
    Make no mistake, this agency has helped save the lives of millions from diseases through safe vaccines. It has given hope to millions who now have treatments and cures for cancer and other illnesses. The agency is far from perfect and needs reforms—and I have some good places to start—but the head of the HHS better believe in its core mission to keep people healthy and believe the experts, not conspiracy theories. That’s why I believe Robert F. Kennedy Jr. is simply unfit for this position.
    Kennedy is one of the top spreaders of misinformation about vaccines, peddling bogus conspiracy theories that these safe and effective protections for Americans are harmful. He said that “no vaccine is safe and effective.”
    Well, I’d bet the tens of millions of people who don’t have polio, measles, mumps, and many other diseases because of vaccines would beg to differ.
    He’s questioned the safety of the COVID-19 vaccine that was first developed under President Donald Trump and even tried to stop it from being used just six months after its rollout. This vaccine saved millions of lives and allowed Americans to return to work and school safely.
    RFK Jr. helped spread anti-vaccination conspiracy theories, fueling a measles outbreak in Samoa that led to the deaths of 83 people, primarily infants and children. He’s threatened to downsize the National Institutes of Health, which work every day to find lifesaving breakthroughs and treatments for cancer, Alzheimer’s, infectious diseases, chronic health conditions, diabetes, and so many other illnesses that have an impact millions of American families.
    As a child who spent months in a hospital bed, I know the consequences of not protecting our kids from serious illness. I know the toll it takes on a family, emotionally and financially, to have a loved one hospitalized for a serious disease. I also know what it’s like to have science-backed medicine and good health care. And that all starts at the top of the federal government’s largest health agency, the Department of Health and Human Services. All of us have the responsibility to protect our kids and families, and that includes soundly rejecting a nominee who has spent much of his career spreading misinformation that endangers American lives.
    Americans deserve a leading health official who believes in science, not conspiracies. And Americans agree. I urge my colleagues to ask themselves a simple question: will this nominee keep your constituents safe, or harm them? For Robert F. Kennedy Jr., I think the answer is clear.

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: Murphy To RFK Jr.: It Isn’t Believable You Will Become Consistent With Science If You Become HHS Secretary

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    January 30, 2025

    [embedded content]

    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, on Thursday questioned Robert F. Kennedy Jr. at a hearing on his nomination for Secretary of Health and Human Services. Murphy challenged Kennedy’s credibility and pressed him on past statements comparing America’s vaccine program to the Holocaust and the Catholic Church’s pedophilia scandal. Murphy argued that Kennedy’s long history of spreading misinformation about vaccines raises serious concerns about his ability to lead HHS, emphasizing the need for a Secretary who prioritizes science and public trust.

    A full transcript of Murphy’s exchange with Kennedy can be found below:

    MURPHY: “Thank you very much, Mr. Chairman. Mr. Kennedy, thank you for joining us here today. Listen, credibility matters so much when you lead the most important health agency in the world. The Secretary of HHS has got to be trusted that he’s telling the truth, that he cares about science, [and] has no political agenda.

    “Mr. Kennedy, I want to go back to some of your testimony yesterday, before the Finance Committee, when you either feigned ignorance about some very clear statements that you have made in the past, or you outright denied saying things about the vaccine program that you have undoubtedly said.

    “So with a day’s hindsight, I want to give you another chance to be honest about the things you have said. Senator Warnock asked you yesterday if you had compared America’s vaccine program to the Catholic Church’s pedophilia scandal. You said you never said that. Now I’m not asking you to explain what you said.”

    KENNEDY: “I didn’t say I never said that. I did not say that I hadn’t said that, Senator. I said [I didn’t say] the other question he asked me, about the Nazi death camps.”

    MURPHY: “That’s fine, you’re doubling down on that. Senator Warnock also asked you if you compared America’s vaccine campaign to the Nazi death camps and the Holocaust. Again, you said yesterday you didn’t say that.”

    KENNEDY: “I did not say that.”

    MURPHY: “Senator Bennett asked you yesterday if you had made an allegation that AIDS is a different disease in Africa than it is in America. On that one you said you didn’t recall. Having had a day to think about it, do you recall saying that AIDS is a different disease in Africa than it is in the United States?”

    KENNEDY: “I looked up that passage in my book and found that indeed the diagnostics for AIDS are very different in Africa and the United States– that the list of symptoms is almost completely different.” 

    MURPHY: “So let me just– I’ll submit this for the record, but having denied the first two statements, let me just read what you said. You said in 2013, ‘Is it hyperbole to say that the people who run our vaccine program should be in jail? They should be in jail. To me, this is like Nazi death camps. Look at what it does to the families [who participate in the vaccine program]. I can’t tell why somebody would do something like that. I can’t tell you why ordinary Germans participated in the Holocaust. I can’t tell you what was going on in their minds.’ 

    “With respect to the pedophilia scandal, you said: ‘The pedophilia scandal in the Catholic Church is a perfect metaphor for what’s happening in the United States. The vaccine program– it’s the same reason we had a pedophilia scandal in the Catholic Church. It’s because people were able to convince themselves that the institution of the church was more important than these little boys and girls who were being raped. 

    “I don’t disagree with Senator Mullin. I don’t want a HHS Secretary that’s not going to question science. I think it’s important to question science. But you’re not questioning science– you’ve made up your mind. You have spent your entire career undermining America’s vaccine program. You make these purposeful comparisons to those that are administering the vaccine program to the Nazi executioners, to the people who covered up the Catholic Church’s pedophilia scandal, because you have made a decision that there is a comparison; that there is evil in the vaccine program as there was evil in the pedophilia scandal and the Nazi death camps. 

    “You aren’t exploring science, you have made up your mind. You have spent your entire career trying to undermine these programs. The reason that these statements–these incredibly aggressive, over-the-top statements–matter to us is because it just isn’t believable that when you become secretary, you are all of a sudden going to be consistent with science. People who have spent their career saying these kinds of things, running the kinds of campaigns that you have run, don’t all of a sudden change their stripes. So Mr. Chairman, I will submit these statements into the record.”

    KENNEDY: “Can I respond to that, Senator? My statement about the Catholic Church is almost identical to the findings of the Government Oversight Investigation Committee that investigated the CDC’s vaccine program in 2003. Senator Burr was Chairman of that committee. And he said that the certain individuals in that program had written off a generation of kids because of ‘misplaced institutional loyalty to the CDC’ and because of ‘entanglements with the drug companies.’”

    MURPHY: “You equate pedophilia to the administration of vaccines?”

    KENNEDY: “It wasn’t pedophilia.”

    MURPHY: “You said it was a perfect metaphor.” 

    KENNEDY: “If you have one in 36 kids who has neurological injuries, and if that is linked, that should be studied.”

    MURPHY: “Is it a perfect metaphor?”

    KENNEDY: “It’s not a perfect metaphor, but there’s no metaphor that’s perfect. I am pro-vaccine. I am going to support the vaccine program. I want kids to be healthy, and I’m coming in here to get rid of the conflicts of interest within the agency and make sure that we have gold standard, evidence-based science. And if you show me where I’m wrong on this, show me a single statement I’ve made about science that is erroneous.”

    MURPHY: “Thank you.”

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: Grassley Secures HHS Nominee Kennedy’s Support for Rural Health Care, Ag, Key Agency Issues

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, laid out his priorities and expectations for the Department of Health and Human Services (HHS) during a hearing to consider Robert F. Kennedy, Jr. to be HHS Secretary. Grassley discussed the importance of lowering prescription drug prices, holding pharmacy benefit managers accountable, bolstering rural health care, answering congressional oversight and more.
    In response to Grassley, Kennedy said: “I agree with all those provisions, Senator. My approach to the administration of HHS will be radical transparency. If members of this committee or other members of Congress want information, the doors are open… If Congress asked me for information, you would get it immediately.”
    Video and excerpts from Grassley follow.
    [embedded content]
    VIDEO
    Oversight: 
    “A key responsibility of each member of Congress is oversight. Oversight allows us to hold bureaucrats accountable to the rule of law, and it helps keep faith with taxpayers. I expect HHS to provide timely and complete responses to congressional oversight.”
    PBMs: 
    “I’ve been working to hold Pharmacy Benefit Managers (PBMs) accountable in order to lower prescription drug costs. I expect you to work with us to hold PBMs accountable and ask for your support for legislation that’s before Congress.”  
    Prescription Drug Pricing: 
    “Senator Durbin and I have been trying to get a bill passed that requires price disclosures on TV ads for prescription drugs. Knowing what something costs before buying it is just common sense. President Trump tried to do this by regulation in his first term and Vice President Vance cosponsored our bill last Congress. I ask you to support my bill, or if you can do it by regulation, do it by regulation.”
    Rural Health Care: 
    The previous administration dragged its feet in opening up slots for the Rural Community Hospital demonstration program. It also ignored concerns from rural pharmacies when implementing changes to Medicare Part D and ignored rural needs when it comes to distributing physician residency slots. I expect you to prioritize rural Americans’ health care needs.”
    Agriculture: 
    “In our meeting earlier this month, we talked at length about agriculture. You prefaced the conversation by saying you will not have jurisdiction over those issues. I expect you to leave agricultural practices regulations to the proper agencies, and for the most part that’s USDA and EPA.”
    Dietary Guidelines: 
    “I’ve sent letters to the Secretaries of Agriculture and HHS requesting they provide information regarding conflicts of interest on the Dietary Guidelines Advisory Committee to increase transparency. I expect you to provide Congress with confidential financial disclosures from the Advisory Committee before finalizing the Dietary Guidelines, so we know that nobody has a vested interest in it.”
    HHS Office of Refugee Resettlement Oversight (ORR): 
    “Last year, I expanded my investigation into HHS’s Office of Refugee Resettlement. I wrote to two dozen contractors and grantees whose job it is to place unaccompanied children with sponsors. In many cases, children have been placed with improperly vetted sponsors, placing them at risk of trafficking. The Biden administration’s HHS directed these taxpayer-funded contractors and grantees to not respond to my inquiry. This is obstruction by the executive branch. 
    “I expect you to produce to me the records and data I’ve requested and instruct HHS contractors to fully cooperate as well. I also expect HHS to not retaliate against any whistleblowers, including those who identify ORR’s failures in vetting sponsors of unaccompanied [children].”
    -30-

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI Economics: Panasonic Well Venturing into the Future of Family Wellness

    Source: Panasonic

    Headline: Panasonic Well Venturing into the Future of Family Wellness

    Yoky Matsuoka, Executive Officer of Panasonic Holdings Corporation and Panasonic Well Director, took the stage with Yuki Kusumi, Group CEO, during the opening keynote at CES 2025. She announced that Umi, a holistic digital family wellness platform and coach, will be launched in the US as an example of Panasonic Go.*1 We interviewed Yoky about Panasonic Well, the vision to commercializing Umi, and the outlook for the future.
    *1: A global corporate growth initiative promoting business transformation using AI.

    Integration of wellness and technologies: Panasonic Well taking up challenges

    Panasonic Well, led by Yoky, is a venture and business incubator committed to building new services and technologies that improve the well-being of all people, with a focus on the wellness of modern families. Yoky is an accomplished executive and technologist with over two decades of leadership experience. She is a renowned robotics and neuroscience expert, recognized for her groundbreaking work and honored with the MacArthur Genius Award.
    Yoky: Partly due to my past experiences, Panasonic Well tends to be seen as simply a developer of AI or technologies. However, we are able to create solutions at the intersection of responsible tech and human care because we understand what is needed to achieve wellness. This is Panasonic Well’s strength.

    Yoky Matsuoka and Panasonic Well staff (at the CES 2025 Panasonic booth)

    The first project that Yoky initiated at Panasonic was Yohana, a next-generation family concierge service.
    Yoky: During the COVID-19 pandemic, people’s work styles and how they spent time with their family saw drastic changes. At that time, we conducted surveys to get a deeper look at the challenges underlying their problems and did exhaustive research on how we could develop relevant solutions. We launched Yohana in 2021 in the US, then later in Japan, to respond to the time-consuming needs of families by proposing suggestions for meal menus, birthday presents, and so on. The Yohana team, composed of actual humans, has completed over 300,000 tasks on behalf of our customers. This work accumulated to a total of more than one million hours for our customers’ time, which we were able to give back to them. However, we have been unable to provide adequate solutions for using the time created by Yohana to strengthen family ties or improve self-care.
    At Panasonic Well, we have continued our research to ensure that AI will be able to resolve challenges facing families in the future. Furthermore, a survey*2 conducted in the US revealed that half of the “sandwich generation”*3 parents, including myself, feel overwhelmed by stress and that 65% feel lonely. This shows that strengthening family ties and self-care are indispensable for the elderly. Consequently, we developed Umi*4 to address these crises in family well-being.
    *2: U.S. Surgeon General Issues Advisory on the Mental Health and Well-Being of Parents (August 2024).*3: A generation simultaneously supporting aging parents while raising children.*4: The word “umi” means ocean in Japanese. This name was chosen because it evokes an image of health and well-being, since it not only has a calming effect but also gives people the feeling of vastness and the availability of unlimited resources.

    Umi: A new AI partner supporting family wellness

    Yoky: Umi will start by providing an app as a family well-being coach that facilitates behavioral changes toward achieving family wellness. By encouraging multi-generation families to cultivate wellness habits that fit their diverse needs and lifestyles, it can be a family partner that supports their health and well-being. Activities & fitness, nutrition, sleep, and stress management are essential for wellness, and among these, the first two have been increasingly attracting attention in recent years. Accordingly, Umi’s AI agent assists in behavioral changes for all family members from their childhood, especially in the areas of activities & fitness and nutrition.

    From the video shown during the keynote. Left: Umi suggests ideas for enjoying a weekend, and family members exchange opinions.

    Right: Umi explains key points of communication with elderly parents based on advice from experts.

    Specifically, using wide-ranging data learned through questions and communications with family members, Umi’s AI sets personalized goals for individuals and suggests necessary actions to meet these goals while considering their feasibility. For example, Umi may propose a monthly target number of steps for a user, but if it learns through conversations that it is not feasible due to the user’s busy schedule, Umi may set another more achievable target for eating more nutritious meals. Since the priorities of activities & fitness and nutrition vary among individuals, it is essential to tailor this process for each family member.
    One of Umi’s features enables all family members including children to share conversations, not only 1-to-1 communication. This coordinates family wellness through communication and eventually leads to behavioral change. We delve deeply into the app features like tone of voice and tweak between strong and soft tones to make suggestions best suited for encouraging behavioral changes. Umi also visualizes your progress and enables you to review the outcomes to establish actions as routines.

    Panasonic Well: Committed to building a wellness ecosystem

    Dr. Myechia Minter-Jordan, CEO of AARP

    During the keynote, Yoky introduced the Panasonic Well Partner Collective, which consists of leading health and wellness businesses, organizations, and research institutions, as well as a partnership with the American Association of Retired Persons (AARP),*5 an NPO with approximately forty million members in the US. Dr. Myechia Minter-Jordan, CEO of AARP, took the stage and emphasized that technology is critical to living a healthy life for an increasing number of older people and their families around the world. Yoky also introduced the Family Wellness Innovation Challenge, a global competition co-sponsored by AARP and Panasonic Well for start-ups who pursue relevant technologies and services, and the prize winners were announced at the end.
    *5: Aiming at improving the quality of life of older people, AARP provides information and support related to health, economic, and social challenges.

    Yoky: During the development of Umi, we placed much emphasis on building a business ecosystem.*6 Typical examples are partnerships with companies that provide services as needed or those that give expert advice based on the communications carried out between users and Umi.
    *6: A large economic network of various companies and organizations that collaborate to create greater value.

    Group CEO Kusumi joined the award ceremony of the Family Wellness Innovation Challenge and praised the grand prix winner.

    The sandwich generation is under a great deal of emotional, time, and economic pressure, and more than half of the families in the US face these burdens.*7 Partnerships are critical for resolving such issues. The Family Wellness Innovation Challenge is a significant step toward expanding such partnerships. We received over 550 applications from around the world, including Japan. I joined the latter half of the screening process myself and interviewed applicants in person. We announced the winners at CES partly to find partners who align with our initiatives, and many participants actually approached us demonstrating their interest. By taking this opportunity, we want to further expand the ecosystem and respond to a wider range of use cases.
    *7: World Economic Forum “More than half of Americans in their 40s are ‘sandwiched’ between an aging parent and their own children” (April 2022).

    Daniela Amodei, Co-founder and President of Anthropic

    Since collaboration with AI partners is indispensable in promoting Panasonic Go, Group CEO Kusumi announced in his keynote a strategic partnership with Anthropic in the US, a company that shares the Panasonic Group’s belief that AI must be safe, understandable, and designed to deeply align with human values. In response, Yoky stated that Umi will be equipped with Anthropic’s Claude AI assistant. Daniela Amodei, Co-founder and President of Anthropic, joined her and explained that Claude has added value in all aspects of business, from customer service to decision-making, over the years. She expressed her determination to help the Panasonic Group enhance its overall creativity while delivering better business results by leveraging Claude’s high reliability and safety.
    Yoky: Anthropic has grown while placing great emphasis on ethics, privacy, and responsibility, and its large language models (LLMs) have gained a high reputation in the US. Umi, committed to supporting the health and well-being for all with wellness as a gateway, cannot be viable without innovations based on Anthropic’s AI ethics. Anthropic AI is particularly excellent at family calendar management and chat promotion, so we will be able to provide a service where Umi discusses the scheduling of hospital visits with users, prepares and manages their schedule with AI, and then even reserves a taxi. We expect further collaboration with a diverse range of partners by expanding the breadth of services in this way.

    Umi and Panasonic Well’s future strategy

    Yoky: I feel that being able to demonstrate Umi’s capabilities at CES was very meaningful. Umi’s first key vision for the future is to provide a one-stop solution. We hope to develop Umi into a platform that knows all family members well, capable of making good suggestions in response to their wellness consultations without the need to access different sources.

    The Umi booth at CES 2025, where many visitors attentively listened to the explanations of booth staff while trying out screen demonstrations

    In front of the Partner Collective panel displays. Quite a few representatives of companies expressed their support and consulted with staff of Panasonic Well.

    The second vision is to strengthen the ecosystem by expanding our network of partnerships. We will select partners based on their attitudes toward AI ethics and customer needs. We hope that more companies and organizations will participate in the Umi ecosystem in the future, even if their various services overlap. We believe that optimal solutions for problems and concerns can be provided to more customers only when Umi is backed up by a diverse range of partners.
    Umi will launch services from the US while aiming to establish a global ecosystem to ensure deployment in other countries and regions. The Panasonic Group is unrivaled in its touchpoints with customers in households and it is important to leverage this advantage. We, as the provider of Umi, look forward to collaborating closely with the business divisions to identify mutually beneficial approaches to solve our customer pain points.

    While Panasonic Well is a company capable of making customers around the world healthy and happy through wellness solutions, we want to be the forerunner that will lead Panasonic Go, an initiative to promote corporate transformation of Panasonic. We will pioneer the creation of new products and businesses by leveraging AI and other advanced technologies. We will also establish AI platforms in collaboration with partners and our operating companies.
    Furthermore, we are conscious of our contributions to the AI-based transformation of the entire Panasonic Group. In addition to promoting teamwork with departments in charge of AI at Panasonic Holdings and other organizations, we will provide inspiration and lead initiatives to encourage every Panasonic Group employee to embrace AI, unleashing tremendous progress in their tasks and in the products and services they develop.

    Panasonic Go aims to expand AI-driven hardware, software, and solutions businesses to approximately 30% of the Panasonic Group’s revenue by 2035. However, the Panasonic Group won’t be able to meet the goal only through the efforts of Panasonic Well and Blue Yonder. All business divisions and departments across the Panasonic Group need to create AI-driven revenue streams. We at Panasonic Well hope to contribute to the attainment of our goal by implementing the approaches I’ve described. If we succeed in meeting our goal, the day may come when the entire Panasonic Group is regarded as a leader in AI technologies.

    Under Yoky’s leadership, Panasonic Well will continue to provide innovative solutions driven by AI and other advanced technologies, thus contributing to family wellness. It will also promote AI use throughout the Panasonic Group’s businesses and work at the forefront of Panasonic Go.

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics –

    January 31, 2025
  • MIL-OSI Economics: Optimizing Health Financing: Digital Solutions Against Health Care Inefficiencies, Waste, Abuse, and Fraud

    Source: Asia Development Bank

    Addressing fraud, waste, and abuse (FWA) remains a significant challenge of maintaining the efficiency and effectiveness of health care systems. This report explores the complexities of identifying and managing FWA within health systems, drawing on extensive quantitative and qualitative research conducted from April 2023 to March 2024. The findings highlight the necessity of robust government actions, advanced analytics, and innovative technology to detect and manage FWA effectively.

    MIL OSI Economics –

    January 31, 2025
  • MIL-OSI Economics: Monitoring Business Cycle Fluctuations in Asia

    Source: Asia Development Bank

    The paper explains how the index can monitor monthly business cycles in Asian economies using updated economic indicators across six categories: consumption, investment, trade, government, financial, and external sectors. It shows that machine learning algorithms accurately track output gap movements, offering a robust tool for monitoring economic fluctuations.

    MIL OSI Economics –

    January 31, 2025
  • MIL-OSI Canada: Statement from Premier Pillai on the crime prevention programming available with the Whitehorse Chamber of Commerce

    Statement from Premier Pillai on the crime prevention programming available with the Whitehorse Chamber of Commerce
    jlutz
    January 30, 2025 – 3:40 pm

    This statement has been updated to correct the name and title of the representative from the Whitehorse Chamber of Commerce.

    Premier and Minister of Economic Development Ranj Pillai has issued the following statement:

    “In December, the Government of Yukon and the Whitehorse Chamber of Commerce announced joint efforts to address community safety in downtown Whitehorse. Today, I was pleased to be joined by Chair of the Safety Committee of the Whitehorse Chamber of Commerce Joel Gaetz to formally announce the Safebiz: Whitehorse Community Safety Pilot Program, designed to support businesses and non-government organizations with practical tools to enhance safety and security.

    “This program is funded by the Government of Yukon and administered by the Whitehorse Chamber of Commerce. Based on program models in British Columbia, Manitoba and Alberta, as well as discussions with members of the Whitehorse business community, phase 1 of the Safebiz program will help provide businesses with funding for security assessments, safety and de-escalation training and resources to help businesses improve their security measures.

    “Business owners and organizations can sign up for the program by visiting whitehorsechamber.ca/safebiz. Appointments for comprehensive security assessments are available now on a first-come, first-served basis. Business owners and organizations can also sign themselves and their employees up for training sessions designed to enhance security.

    “I want to thank the chamber’s Executive Director Andrei Samson and their Executive Committee for all their hard work and continued partnership in supporting the Yukon’s entrepreneurs. The Whitehorse Chamber of Commerce is highly regarded by our business community and I am grateful that they are taking on this critical task that will make our capital city a safer place for people to work, live and visit.

    “Our territory’s entrepreneurs are known for their community-centric practices and for giving back to those in need. My hope is that this program will empower local businesses to create safer spaces for their staff and customers so they can continue their important work with fortitude.

    “This program is only one piece of a larger picture and we know there is more work to do. Improving security in our downtown area means addressing a multitude of social inequities in our community and supporting both prevention and policing. Our government remains committed to working on these issues alongside our partners. Together, we will continue work to foster a vibrant and safe downtown community.”

    MIL OSI Canada News –

    January 31, 2025
  • MIL-OSI: Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) today announced it has successfully completed its previously announced minority investment in Runway Growth Capital LLC (“Runway”), alongside BC Partners and its affiliates, which are acquiring the remaining outstanding ownership in Runway. On closing, Mount Logan issued to former Runway members an aggregate of 2,693,071 common shares of Mount Logan at a deemed price of C$2.67, which was determined based on the 20-day volume-weighted average price prior to and including January 27, 2025.

    With approval of a new investment advisory agreement, Runway will continue to serve as investment adviser to its managed funds, including Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth Finance”), a business development company, and to other private funds. Mount Logan looks forward to working with BC Partners and Runway’s management and investment teams to capitalize on the opportunities available in the North American credit markets.

    Management Commentary

    Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, stated, “We are thrilled to officially welcome David and the talented team at Runway to the Mount Logan family. We are excited about partnering with the Runway team to scale their specialized capabilities in providing financing solutions to late-stage growth platforms. Since the announcement, we have already seen significant benefits of our alignment with the Runway team. Runway’s expertise enhances our credit capabilities, and we are confident in our ability to leverage their strong investment acumen to expand our product suite and further diversify our private credit fund offerings.”

    Advisors

    Wildeboer Dellelce LLP acted as Canadian legal counsel to Mount Logan. Simpson Thacher & Bartlett LLP acted as legal counsel to BC Partners. Oppenheimer & Co. Inc. acted as the exclusive financial advisor to Runway Growth Capital LLC. Wachtell, Lipton, Rosen & Katz acted as legal counsel to Runway Growth Capital LLC and Eversheds Sutherland (US) LLP acted as legal counsel to the independent directors of Runway Growth Finance.

    About Mount Logan Capital Inc.

    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) advised by ML Management, (ii) a non-diversified closed-end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is also no longer insuring or re-insuring new long-term care risk.

    About Runway Growth Capital LLC

    Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of $30 million to $150 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit www.runwaygrowth.com.

    About Runway Growth Finance Corp.

    Runway Growth Finance is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth Finance is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth Finance is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

    About BC Partners & BC Partners Credit

    BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visit www.bcpartners.com/credit-strategy.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “target” and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of the Company regarding future results or events and are based on information currently available to it. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking statements discussed in this release include, but are not limited to, statements relating to the Company’s business strategy, model, approach and future activities; portfolio composition, size and performance, asset management activities and related income, capital raising activities, future credit opportunities of the Company, portfolio realizations, the protection of stakeholder value, the expansion of the Company’s loan portfolio, including through its investment in Runway, synergies to be achieved by both the Company and Runway through the Company’s strategic minority investment, any future growth and expansion of each of both the Company and Runway, any change in earnings potential for the Company as a result of any growth of Runway, the business and future activities and prospects of Runway and the Company. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the expected synergies of the investment in Runway may not be realized as expected; the risk that each of the Company and Runway may require a significant investment of capital and other resources in order to expand and grow their respective businesses; the Company has a limited operating history with respect to an asset management oriented business model and the matters discussed under “Risk Factors” in the most recently filed annual information form and management discussion and analysis for the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not registered under the U.S. Securities Act of 1933, as amended, and the Company is not registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts
    Mount Logan Capital Inc.
    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    Scott Chan
    Investor Relations
    Scott.Chan@mountlogan.com

    The MIL Network –

    January 31, 2025
  • MIL-OSI USA: Tuberville Speaks During Hearing for HHS Secretary Nominee Robert F. Kennedy Jr., Champions Making America Healthy Again

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) spoke during the Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing for President Trump’s nominee for Secretary of Health and Human Services(HHS), Robert F. Kennedy Jr. Sen. Tuberville and Mr. Kennedy discussed the harmful ingredients used in American food products and ways to Make America Healthy Again.

    Earlier today, Sen. Tuberville penned an op-ed explaining why he supports Kennedy for HHS Secretary. 

    Read excerpts from Sen. Tuberville’s remarks below or watch on YouTube or Rumble.

    ON THE OVER-PRESCRIPTION OF MEDICATION:
    TUBERVILLE:
     “Thank you, Mr. Chairman. Thank you, Mr. Kennedy, for being here. Being a few months older than me, I’m going to be respectful to my elders. [laughs] […]

    Thank you for bringing light to what this is all about. It’s about the health in our country. There might have been a half a dozen people in [here for the hearing of] the last Health and Human Services nominee—nobody was interested. A lawyer who worked from home in California—didn’t do a damn thing in terms of what we needed when COVID was in full steam.

    So, thank you. Thank you for getting our young people involved. My two boys, 28 and 30, a year ago or so were gonna vote for you for President of the United States. You know why? Because you’re trying to save their group of people from the chemicals and the things that we have in our food. They’re fired up about it. And you brought light to that. And thank God you’ve done that. You brought importance to what we’re doing.

    You know, I coached for 40 years. In the last four or five years I coached, I’d never seen the run on drugs our young people are being given by doctors across this country. We have an attention deficit problem in this country. When you and I were growing up, our parents didn’t use a drug, they used a belt and whipped our butts, you know, and told us to sit down. Nowadays, we give them Adderall and Ritalin like candy across college campuses and high school campuses. Mr. Kennedy, what are we gonna do about that?”

    RFK JR: “Today, 15% of American kids are on Adderall. And there’s clearly a major problem with over-prescription, not just with our children, with our entire population. We have 4.2% of the world’s population, and we take fifty percent of the pharmaceutical drugs. And there’s a recent study by Peter Gotzsche, who is one of the founders of the Cochrane Collaboration that showed that prescription drugs are now the third largest cause of death in our country after cardiac arrest or colon cancer. We’re not getting healthier. Americans are getting less and less healthy. 70% of pharmaceutical profits will globally come from our country, which has 4.2% of the world’s population. We’re the only country that allows full-scale pharmaceutical ads on TV. And we’re all being told that you can eat anything you want, you can smoke anything you want, you can do anything you want and there’ll be a drug to fix you in the end. And it is not a good formula. And our kids are getting sicker and sicker. They’re not getting better. Nobody here—all the people here who are defending this current system and defending these pharmaceutical industry profits—many of whom are taking huge amounts of money from the pharmaceutical industry, millions of dollars for many of these senators. And none of that is making our country healthier. It’s making us sicker. We need to get rid of these conflicts. We need good science, and we need good leadership. [I’m] able to stand up to these big industries and not bend over for them.”

    ON VACCINES:

    TUBERVILLE: “And you brought to light the vaccines over the last couple of years. I’ll have my first granddaughter here in a couple of weeks, and my son and his wife have done their research about vaccines. And she’s not going to be a pin cushion. We’re not going to allow that to happen. But you brought that up, as you and I talked about with vaccines—let’s empower scientists to do their job. You know, don’t just do something for the pharmaceutical companies. So, I appreciate you doing that.”

    ON FOOD INGREDIENTS:
    TUBERVILLE:
     “One other thing is—you and I talked about Red Dye No. 3. It just happens that you and I talked about that and a few days later, in this room, we had the FDA director. And I asked him, why don’t we use Red Dye Three in our cosmetics, [but] use it in our food? Yet we don’t use it [in] cosmetics because it causes cancer. What the heck is going on? Well, a few weeks later because of that, [the Biden administration] dropped it. So, tell me about dyes and things that you’re concerned about. I [hear more] about that than anything.”

    RFK JR: “We have 10,000 ingredients in our food in this country because the FDA employs a standard called the GRAS standard. And it looks at any new chemical as innocent until proven guilty. Europe, they have 400 ingredients in their foods. Kellogg’s makes fruit loops for the United States alone. It is loaded with a red dye, blue, a yellow dye, and many, many other ingredients. They make the same product for Canada [with] all vegetable dyes. And for Europe, if you eat a McDonald’s French fry in this country, it has 11 ingredients. You eat the same product in Europe, it has three. We are allowing these companies because [of] their influence over this body, over our regulatory agencies, to mass poison American children. And that’s wrong. It needs to end, and I believe I’m the one person who’s able to end it.”

    BACKGROUND:

    As Alabama’s voice on the Senate Health, Education, Labor and Pensions (HELP) Committee and a co-founder of the Senate “Make America Healthy Again” Caucus, Senator Tuberville is a strong supporter of President Trump’s nomination of RFK Jr. to lead the U.S. Department of Health and Human Services. Sen. Tuberville shares Kennedy’s view that increased transparency is needed for our food and health care systems, especially the chemicals that are being put in America’s food. The FDA recently announced its decision to ban Red Dye 3 following Senator Tuberville questioning top FDA officials on the harm of these chemicals in a HELP hearing last month. 

    MORE:

    Tuberville: “America is facing a public health crisis; We must confirm Robert F Kennedy Jr.”

    Tuberville Joins Sen. Marshall in Launching Make America Healthy Again Caucus

    Tuberville, MAHA Caucus Celebrate FDA’s Decision to Ban Dangerous Red Dye No. 3 from Foods

    1819 News: Tuberville questions FDA over red dyes no. 40 and no. 3 in America’s food supply — ‘It’s not a conservative or a liberal standpoint’

    Tuberville Exposes Harmful Chemicals in American Food and Beverage Industry

    ICYMI: Tuberville Joins “National Report” on Newsmax

    Tuberville Meets with RFK Jr. and Todd Blanche

    Coach’s Monthly Column: All in for Trump’s America First nominees

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI Security: CEO of Financial Firm Pleads Guilty to Running a Multimillion Dollar Fraud

    Source: Office of United States Attorneys

    SAN DIEGO – Carlos Manuel da Silva Santos, the founder and chief executive officer of San Diego-based Ethos Asset Management, Inc., which offered financing to domestic and international businesses, pleaded guilty to wire fraud conspiracy and aggravated identity theft today in federal court.

    Santos, a Portuguese national, has been in custody since his arrest on November 13, 2023, in Newark, New Jersey, after arriving in the United States from abroad.

    According to his plea agreement, Santos admitted he and co-conspirators held Ethos out to the public as a “full-service project financing” company that offered loans to prospective borrowers in exchange for an upfront fee as collateral for Ethos to use. However, on many occasions when a borrower gave Ethos the upfront fee as collateral, Ethos’ funding never materialized.

    To induce prospective borrowers to send Ethos an upfront fee as collateral and enter into loan agreements, Santos and his co-conspirators lied about Ethos’ history of funding projects, the source of Ethos’ money, the amount of capital available to disburse loans, and how Ethos used the collateral upfront fees. For instance, Santos admitted that  he used money from the upfront collateral fees to release collateral deposited by other borrowers and to disburse loans to other borrowers.

    Santos also admitted that he and others altered otherwise legitimate financial account statements to inflate the amount of money Ethos appeared to have at its disposal to finance projects for the purpose of luring prospective borrowers to provide collateral and financial institutions to lend money. For example, in August 2021, Santos successfully induced a borrower to wire money as a collateral upfront fee by sending a bank statement that falsely represented Ethos having $100,304,447.46 when, in fact, it did not.

    In February and May 2023, Santos again induced borrowers to provide collateral upfront fees by emailing a copy of Ethos’ annual financial statements reflecting falsely that Ethos had over $2.2 billion in total assets and that an accounting firm had audited the statements. Indeed, Santos admitted that he knowingly forged the signature of an employee at a bookkeeping firm on Ethos’s 2022 annual financial statement to falsely indicate that the firm had audited the statement. In each noted example, Ethos fraudulently obtained upfront fees and failed to disburse loan payments as promised.

    Santos further admitted Ethos’ project financing scheme was international in nature, with a presence in the United States, Brazil, Turkey, and elsewhere. Santos admitted his scheme resulted in $17,125,000 in losses to certain U.S. based victims. The plea agreement also explains that the parties will request a restitution hearing allowing the United States to offer evidence that Santos owes significantly more money to various other victims.

    According to the plea agreement, Santos also forged the signature of an employee at an accounting firm to make it appear that the firm had audited Ethos’ annual financial reports.

    “Untold numbers of people fall victim to fraud schemes every year,” said U.S. Attorney Tara McGrath.  “Whether it’s a simple email scam or an elaborate investment scheme, the U.S. Attorney’s Office will relentlessly pursue accountability for the defendants and restitution for the victims.”

    “Today’s guilty plea underscores Homeland Security Investigation’s (HSI) unwavering commitment to combating financial crimes,” said Shawn Gibson, Special Agent in Charge for HSI San Diego. “This successful outcome is the result of an extensive, long-term investigation where our dedicated agents and partners assigned to the Costa Pacifico Financial Task Force worked tirelessly and diligently to gather all the evidence and bring this individual to justice. Their unwavering commitment and thorough efforts have been instrumental in protecting our community and upholding the law.

    Sentencing is scheduled for April 18, 2025, before U.S. District Judge Robert S. Huie.

    This case is being prosecuted by Assistant U.S. Attorneys E. Christopher Beeler, Carl F. Brooker IV, and Amy B. Wang.

    If you believe you are a victim of Carlos Santos and his company Ethos Asset Management, Inc., contact Homeland Security Investigations at ethos-victim@hsi.dhs.gov.

    DEFENDANT

    Carlos Manuel da Silva Santos                  Age: 30                                  Portugal

    SUMMARY OF CHARGES

    Wire Fraud Conspiracy – Title 18, U.S.C., Section 1349

    Maximum penalty: Thirty years in prison and $250,000 fine

    Aggravated Identity Theft – Title 18, U.S.C. Section 1028A

    Maximum penalty: Mandatory two years in prison consecutive to the term for the underlying felony

    INVESTIGATING AGENCY

    Homeland Security Investigations

    MIL Security OSI –

    January 31, 2025
  • MIL-OSI USA: In Response to Graham, Kash Patel Confirms Politicization of FBI Will End

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham
    WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today questioned Kash Patel, President Donald Trump’s nominee to be Director of the Federal Bureau of Investigation (FBI), at his Senate Judiciary Committee nomination hearing.
    On the politicization of the FBI:
    GRAHAM: “The reason you’re here is because most of the public, almost every Republican, believes that the FBI has been used continuously in a political fashion, ignoring evidence, making up evidence, lying to get Donald Trump. And when it came to the Hunter Biden laptop, [the FBI] told every social media company, ‘oh that’s Russian disinformation.’ That was BS too… do you promise all of us those days are over at the FBI?”
    PATEL: “Yes Senator, they are.”
    GRAHAM: “…Do you think that’s why you’re here today, to make sure that never happens again?”
    GRAHAM: “[Former FBI agent Lisa Page] responds [to former FBI agent Peter Strzok] a couple months later, ‘[Trump] is not ever going to be president, right?’ …Strzok [responded]: ‘No. No he won’t. We’ll stop him.’ Is it fair to say that the people in charge of investigating Crossfire Hurricane hated Trump’s guts?”
    PATEL: “Well you don’t have to take my word for it…”
    GRAHAM: “Are those days over in the FBI, you hope?”
    GRAHAM: “Do you believe that Crossfire Hurricane was one of the most disgusting episodes in FBI history of a corrupt investigation led by corrupt people who wanted to take Donald Trump down?”
    PATEL: “Yes, sir.”
    GRAHAM: “Do you think that’s why you’re here in this chair today? To fix that?”
    PATEL: “I think that’s a big reason.”
    On Democrats’ attacks on Patel’s character:
    GRAHAM: “Have you ever been subject to racism as an individual?”
    PATEL: “Unfortunately, Senator, yes. I don’t want to get into those details with my family here.”
    GRAHAM: “Let’s get into a few of them. Tell me about it.”
    PATEL: “Well, if you look at the record from January 6th, where I testified before that committee, because of my personal information being released by Congress, I was subjected to a direct and significant threat on my life. And I put that information in the record. I had to move. In that threat, I was called a detestable, and I apologize if I don’t get it all right, but it’s in the record, a detestable [expletive] who had no right being in this country. ‘You should go back to where you came from. You belong with your terrorist home friends.’ That’s what was sent to me. That’s just the piece of it, but that’s nothing compared to what the men and women in law enforcement face every day, and that’s why they have my support.” https://youtu.be/KoHclcynkNI?si=RkOg1tDKXzfFDO8_&t=7
    Click here to watch Graham question Kash Patel

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: Fischer Announces Appropriations Subcommittee Appointments

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer
    Today, U.S. Senator Deb Fischer (R-Neb.), announced her subcommittee appointments for the Senate Appropriations Committee, which helps shape the federal government’s spending policies. This year, Senator Fischer has added a sixth subcommittee: Financial Services and General Government.
    “For the past two years, my position on the Appropriations Committee has given Nebraska a seat at the table in allocating precious taxpayer dollars. These key subcommittee appointments for the 119th Congress will give Nebraskans continued input into the programs and agencies that directly impact our state. Particularly as a member of the Agriculture and Military Construction subcommittees, I look forward to advocating for Nebraska’s number one industry and our critical military facilities like Offutt Air Force Base,” said Senator Fischer.
    Senator Fischer will serve on the following Appropriations Subcommittees: 
    Agriculture, Rural Development, Food and Drug Administration, and Related Agencies
    Has jurisdiction over the U.S. Department of Agriculture and the U.S. Food and Drug Administration.

    Military Construction, Veterans Affairs, and Related Agencies
    Has jurisdiction over U.S. Department of Defense facilities and the U.S. Department of Veterans Affairs.

    Interior, Environment, and Related Agencies
    Has jurisdiction over the U.S. Department of the Interior and the U.S. Environmental Protection Agency.

    Commerce, Justice, Science, and Related Agencies
    Has jurisdiction over the U.S. Department of Commerce and U.S. Department of Justice.

    Legislative Branch
    Has jurisdiction over the U.S. Capitol Police, Architect of the Capitol, Congressional Budget Office, and Library of Congress.

    Financial Services and General Government
    Has jurisdiction over several federal agencies, including the U.S. Department of Treasury, Small Business Administration, Federal Trade Commission, and the Securities and Exchange Commission. Click here for the full list of federal agencies.

    Senator Fischer will continue to serve on the Senate Armed Services Committee; the Senate Commerce, Science, and Transportation Committee; and the Senate Agriculture Committee; the Senate Rules Committee; and the Senate Select Committee on Ethics.

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: ICYMI: Last Night On Senate Floor, Shaheen Condemned Trump Administration Order to Stop Federal Funding for Grants and Loans, Shared Granite Staters’ Stories to Detail Impact of Decision on Families, Seniors and Businesses

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – In case you missed it: Last night, U.S. Senator Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Appropriations Committee, spoke on the Senate floor to condemn the Trump administration’s order to take away federal grants and loans that families, seniors and small businesses in all 50 states rely on for critical, often life-saving services. Shaheen illustrated the chaos caused by the extreme order by sharing the stories of many Granite Staters she has heard from this week. Click here to watch the Senator’s speech. 
    Key quotes from Senator Shaheen: 
    “This is a decision that does not lower costs, it does not create jobs, it does not enhance public safety or keep our communities safe. It’s a decision that actually will hurt people in my state of New Hampshire and too many across the country who rely on services that are now in jeopardy.” 
    “People in our states can’t get the housing that they’re counting on. If they can’t get their funding, that means more people are forced to live in their cars, on the streets. It means more people can’t get the help they need with substance use disorders or finding work. It means more people are stuck without permanent housing. And these are veterans, they’re families, they’re victims of domestic violence – they’re all placed at risk because of this order.” 
    “Another of my constituents, Kathleen, lives in housing for seniors. She has debilitating medical issues that make it hard for her to leave her home. She gets all of her food from a local food bank. She called my office because she’s worried that if this funding stops, she’ll be on the street, and she doesn’t know where her meals will come from. That’s what this order and these cuts are threatening.” 
    “Common sense calls for all of us to work on a bipartisan basis to help our constituents and put an end to the chaos that has been created by this administration in only its second week. I hope we can do that.” 
    Remarks as delivered can be found below: 
    Mr. President, I come to the floor this evening to join my colleagues to express my deep concerns about the Trump Administration’s extreme decision to take away services that millions of families and small businesses rely on.  
    This is a decision that does not lower costs, that does not create jobs, that does not enhance public safety or keep our communities safe. It’s a decision that actually will hurt people in my state of New Hampshire and too many across the country who rely on services that are now in jeopardy.     
    On Monday night, more than 2,600 federal programs were ordered to cease activities with less than 24 hours’ notice. They were given little guidance on how this should be carried out, and in every state across the country, confusion and panic among too many people followed.    
    Since that order, I have heard from countless Granite Staters who are worried about what this means for them and their families–from healthcare providers to nonprofit organizations to so many who are doing essential, lifesaving work.  
    Many of these organizations are waiting on promised funding for projects that they have already completed, funding that they went through the process, that they were guaranteed they were going to get these awards, and now they are in jeopardy.    
    The Trump Administration claims it wants to lower costs for folks. Well, let me be clear: this unprecedented decision does nothing to bring down the price of food, the price of housing, the price of childcare, the price of medications, or other lifesaving needs that families have.  
    So what we saw this afternoon is that the Administration tried to walk back their order; they rescinded the memo. But sadly, uncertainty and confusion remains, because the White House says that they rescinded the memo but the freeze wasn’t rescinded.   So like a lot of people in New Hampshire, I’m concerned, and I’m frustrated. In my state and across much of the country, there is an affordable housing crisis. Because of the Administration’s actions, housing organizations across New Hampshire are not able to use federal funds.  
    I heard from the Executive Director of the housing authority in the city of Rochester. They said they have 170 families who are at risk of being homeless if they can’t get their operating funding–and that is just one housing authority.    
    Despite what the Administration said about rental assistance not being affected, at no point yesterday did the Department of Housing and Urban Development say that this money would continue to be available. Housing funding that keeps all of these families and hundreds more across New Hampshire in their homes is at risk of being cut off.    
    Yesterday, we also heard from the mortgage bankers association. They were asking for clarity because they couldn’t be sure if they could help families complete the purchases of their homes.   
    The person we talked to said: “Americans are going to the closing table tomorrow and  deserve to know that their loan will close on their home purchase. Without this clear assurance that the federal government will ensure new loans or pay claims under these programs, there will be severe harm to borrowers and disruption to the mortgage market.”   Well, HUD gave that clarity for single-family mortgage insurance but not for multifamily properties, such as apartment buildings. That affects 20 percent of the multifamily housing construction across the country. Let me just say that again. It affects 20 percent of the multifamily housing construction that is happening right now. We are talking about 130,000 apartments nationally that are jeopardized by this administration’s actions.  
    Our housing shortage is much of why the most recent point-in-time count for homelessness found it up 18 percent across the country. We have far too many people in this country who don’t have a roof over their heads, and that is especially dangerous during these winter months.  
    Meanwhile, even though 2 weeks ago New Hampshire nonprofits and state and local governments were awarded more than $14 million to help shelter people and support them, today, they couldn’t access that money. That means they won’t have the funding they need for rent or to get reimbursed for supportive services.    
    And I want to be clear: even after a judge stayed the order, my constituents still cannot access their funding. The presiding officer is a former governor. He knows what that means. People in our states can’t get the housing that they are counting on. If they can’t get their funding, that means more people are forced to live in their cars, on the streets. It means more people can’t get the help they need with substance use disorders or in finding work. It means more people are stuck without permanent housing. These are veterans; they are families; they are victims of domestic violence. They are all placed at risk because of this order.  
    I heard from one constituent who has a mortgage from the U.S. Department of Agriculture. She has owned her home for 20 years now. She is almost at the point where she has paid off that mortgage, but without the mortgage assistance that she gets from the USDA, she is worried that she might lose her home entirely.    
    Another of my constituents, Kathleen, lives in housing for seniors. She has debilitating medical issues that make it hard for her to leave her home. She gets all of her food from a local food bank. She called my office because she is worried, if this funding stops, she will be on the street, and she doesn’t know where her meals are going to come from.    
    That’s what this order and these cuts are threatening–leaving seniors without a roof over their heads, not knowing where their next meal is going to come from.    
    It is not just in housing that people are concerned. The effects on communities are significant. The chaos of this order is hurting communities that have been promised funding for improvements they have made to their water infrastructure, to their energy use, and even to city parks.     
    We heard from the town of Conway, which is in the heart of the Mt. Washington valley in the white mountains. With help from the environmental protection agency, Conway has fixed an aging sewer pipe, their sewer main, to keep sewage from leaking into the groundwater.    
    New Hampshire is really good at working at the local, state, and federal level to address critical infrastructure. This week, Conway received word that, at least for now, they can’t get paid, thanks to this order from the Trump Administration. Conway has already done the work, they have already paid the contractors, and as of today, they are waiting for reimbursement of about $400,000 from the federal government. That is a big deal for a town in a rural area that has fewer than 10,000 people. It affects their tax base. If the federal government doesn’t come through with the money that has been promised, then taxpayers in Conway are going to have to make up that difference.    
    It is unacceptable for the administration to suggest that it won’t pay this bill, leaving families on the hook for unaffordable rate hikes.    
    I have also heard from one town administrator who is not yet sure how broad the scope of the administration’s order is and how it is going to affect their ongoing wastewater infrastructure project that is using a mix of federal and non-federal funds.    
    Their pump station relies on tarps to keep out the elements. The structure and equipment that keep the sewer system functioning face imminent failure. Without the federal funding–which, just to be clear again, has already been committed–there is no way this town can complete this project. That the whims of an unconfirmed budget director can create this degree of uncertainty is maddening.    
    I have heard from Kristen Murphy, who is with the town of Exeter. She is very concerned about the pause and the impact it will have on energy efficiency funding.    
    The energy efficiency community block grant program was poised to host a presentation in February for resident-owned manufactured housing on funding opportunities for energy efficiency. That is particularly important for those people who live in manufactured housing. And I did when my husband and I were in graduate school. We lived in what we called a mobile home; now it is manufactured housing. I know how challenging it is to keep them heated and warm and comfortable for the people who live there.    
    As Kristen pointed out, support for these manufactured housing communities is essential because a greater percentage of their annual income goes to home heating costs than it does for most people.    
    The Administration’s actions also threaten other projects in Exeter, like a landfill solar array that is currently under construction, improvements to critical stormwater infrastructure, and funding for a multigenerational community center.    
    There are a dozen other small towns in my state–from Gorham in the northern part of New Hampshire to Keene in the west over the Connecticut River Valley along Vermont—who have made improvements to their parks and community spaces through the land and water conservation fund. These towns have matched federal funding dollar for dollar to improve quality of life in their communities, and as of today, because of the uncertainty and the way this order is being interpreted, taxpayers are left holding the bag.    
    In the area of childcare and nutrition, the chaos and confusion from the White House over the past 2 days have created significant uncertainty for early education programs, and it risks further fueling the childcare crisis.    
    Again, like housing, we have a childcare crisis in New Hampshire. The cost of childcare for the average family, if they have a toddler and an infant, is over $30,000 a year.  
    Now, fortunately, the timing of this uncertainty has not disrupted services in New Hampshire so far, but I am hearing stories of programs in other states that had to temporarily stop serving families because they were not able to access the funds they needed.    
    It is unclear what the impacts of these shifting policies will be on child care and development block grants, which working families rely on to be able to afford care for their children while parents are at work.    
    My office has heard from the Childcare Network Collaborative in New Hampshire with significant concerns that childcare providers may be prevented from accessing community development block grant funding that they have already been awarded. These funds are intended for the purchase of a building that will prevent huge rent increases for childcare providers and help fuel an expansion of childcare in the rural parts of northern New Hampshire.    
    Childcare programs are also concerned about the potential impacts on other federal programs that the families they serve rely on. For example, while the Administration eventually said yesterday that SNAP payments wouldn’t be affected, programs are finding it hard to reassure families about whether they will actually get their monthly payments on time given the disruptions that we have already seen to programs that were not supposed to be affected according to the Administration’s own words. So more chaos and uncertainty.      
    That is why so many of my constituents are telling me they simply do not trust what they are hearing from the White House.      
    Families relying on programs like SNAP for food and WIC for women, infants, and children to keep from going hungry already struggle to make their benefits last until the beginning of the next month. Any payment delays, even if it is just a few days, will cause needless suffering for hungry children. It is cruel to be putting struggling families through this unnecessary anxiety.   When it comes to law and order, the president often speaks about his commitment to law and order. In 2020, he criticized democrats who supposedly wanted to “defund” and “abolish” the police. Yet here we are with the president stopping federal funds from going to police and law enforcement agencies. Make no mistake, this stoppage could place lives and livelihoods in jeopardy.      
    I heard from Strafford County Sheriff Kathyrn Mone about how the cutoff of funds will affect them. I live in Strafford County, so I know the sheriff there very well. Strafford County was awarded a $715,000 COPS technology grant to buy much needed modern and interoperable portable and mobile radios for first responders. The U.S. Department of Justice notified the county on Monday that they are going to withhold these funds, forcing the county to place a hold on the order of new, updated radios.   Now, this may not sound like a big deal to some, but this equipment helps Strafford County first responders protect Granite Staters. If first responders can’t communicate effectively, by definition, they can’t respond to emergencies and crimes.      
    When I was governor, we had a horrible shooting in northern New Hampshire. Two state troopers, a judge, and a newspaper editor were killed. As they were trying to get the perpetrator, our state police couldn’t talk to local police, they couldn’t talk to the Vermont law enforcement, they couldn’t talk to the Canadians, and they couldn’t talk to Maine–all of whom were involved in trying to catch the perpetrator–because they didn’t have the communication, the radios they needed to keep people safe.      
    In the same vein, the town of Newington on the Seacoast was awarded $80,000 to replace 20-year-old radios and technology that can’t communicate with modern equipment. The town was on the verge of submitting its invoices to be reimbursed for buying this crucial public safety equipment when the trump administration stopped the flow of federal funds.      
    If they are in an emergency, like a natural disaster or a mass shooter, Newington’s police and fire departments would not be able to communicate on their current radio equipment to coordinate an effective response with federal, state, and local partners. This lack of coordination among first responders could result in Newington’s police or fire department not arriving in time to fight a fire or to rescue people in need of help. The lack of modern radio communications could result in people not getting medical care quickly enough.      
    Again, this is much needed equipment that allows officers to communicate quickly and effectively to not only protect the people they serve but to protect each other.      
    Thanks to President Trump, Newington is being forced to pause its upgrade of 20-year-old equipment.      
    It should also be noted that the White House payment freeze means that the businesses who sold Newington the radios and associated equipment are not going to get paid in a timely fashion.      
    So let’s call it what it is: stopping funds to law enforcement and first responders puts lives and businesses in jeopardy.      
    It also affects defense contractors. New Hampshire has a strong defense industrial base. We have a lot of companies that do great work to protect our men and women who are serving. The federal funding freeze is hitting those small businesses and manufacturers that rely on defense contracts to pay their workforce, which is critical to maintaining our national security.      
    For example, the New Hampshire APEX accelerators program relies on grants from the Department of Defense to help small businesses navigate federal contracting. In New Hampshire, government contracts and subcontracts totaled $4 billion last year.  
    Now, that is not just some number that helps fuel our economy. For people from big states, maybe that doesn’t sound like a lot of money in your economy, but in New Hampshire’s economy, that is a lot of money, and it is an investment in our national defense. It is a manufacturing worker’s ability to support their family. So let’s not lose sight of what and who we are talking about here.      
    The freeze blocks funding under the Defense Production Act, which expands the defense industrial base under national security emergencies. Right now, we have a lot of businesses in New Hampshire that are receiving funding under the defense production act to support their operations. These grants strengthen military readiness and capacity.      
    In the area of health, this pause will also cause real harm to healthcare providers and patients across our state. Everyone from our largest hospitals down to individual patients is reaching out to my office. They are confused, and they are scared.      
    The most immediate consequences will be felt by safety net providers like community health centers. They are vital to caring for our most vulnerable populations. Their patients are often uninsured for healthcare. Sometimes they are homeless. Some of them suffer from substance use disorders or mental illness. They rely on their community health centers just to get through the day.      
    As much as 50 percent of community health center funding comes from federal grants, and their operating margins are slim.      
    Lamprey Health Care in Newmarket, in the southern part of New Hampshire, tried and failed to draw down federal funds yesterday. They have another scheduled drawdown for early next week. This means that Lamprey has a limited number of days before the Trump Administration’s order limits the services they can provide to the community.      
    Amoskeag Health–another one of our community health centers–provides services in Manchester, our largest city. It would also suffer from a funding pause. Thirty-five percent of their funding comes from federal grants, and they only have 19 days of cash on hand, which would cover just 1 week of payroll. They are scheduled to get funding on Monday, and that is now in the lurch.      
    Federal funding to train the healthcare workforce is also being threatened. New Hampshire struggles to retain and recruit healthcare providers, and federal funding is critical to ensuring we have enough providers in rural and underserved areas. 
    Last week, Elliot Hospital–one of the largest hospitals in the largest city, in Manchester–received notice that $3 million in funding for its nursing expansion grant program was put on hold. There are currently 80 potential students enrolled in this program. The program is designed to address the acute nursing workforce shortage by attracting local applicants in the greater Manchester community. The funding freeze now puts that effort in jeopardy.   And Coos County Family Health, the northernmost county in New Hampshire, up along the Canadian border, is another community health center where access to healthcare can be extremely limited. Patients frequently have to drive hours to get access to some of the most basic services.      
    Coos County Family Health received a planning grant through the Health Resources and Services Administration, HRSA, to establish a rural medical residency program. Just this week, they received their accreditation, which is so exciting. They were so excited. And now the process begins to recruit and retain future doctors. The sole purpose of this program is to train health providers in Coos County, an area that struggles to attract talent. When we train these doctors in rural areas, they are more likely to stay after residency and become core members of the community. Any other week, this would be great news: more doctors to treat patients in need. But, today, their future funding through HRSA is at risk, thanks to the uncertainty created by these executive orders.      
    Training doctors to treat sick or injured patients shouldn’t be a controversial issue, but according to this administration, it is.    
    Coos County Family Health also uses federal funding to support the victims of domestic violence that come into their practice. Specialized staff offer the victims counseling and support services–things like access to shelter. The staff connects victims with law enforcement and even offers prevention programs in local schools. Without federal funding, they will be forced to lay off these staff members.      
    I don’t know, does the Administration think that domestic violence survivors are unworthy of our support? Does this administration believe that causing chaos is more important than protecting our most vulnerable? Maybe this is what President Trump meant when he said he   wanted disrupters. I don’t believe this is what the public wanted.      
    Mental health programs are also at risk. New Hampshire’s suicide rate is higher than the national average, and we need every available resource to help address this issue.      
    Northern Human Services and the National Alliance on Mental Illness use funding from the Garrett Lee Smith Suicide Prevention Grant to provide afterschool support to youth experiencing suicidal ideation or those who have recently attempted suicide. We are literally talking about taking away services from children who are thinking about committing suicide. I heard from the folks at NAMI, the New Hampshire Alliance on Mental Illness. They almost in tears when they talked about what was going to happen if they couldn’t serve these kids who need help.      
    And there is also navigating recovery, offering around-the-clock substance use disorder services in the city of Laconia. They are a small nonprofit, and they make use of every dollar they get by offering 24/7 support for individuals that have just overdosed, and that includes literally going into the hospital to be with the patient as they recover. They offer wrap-around services like connecting individuals to housing, job opportunities, and childcare so they can find stability as they go through recovery.      
    53 percent of Navigating recovery’s funding comes from federal sources, including the State Opioid Response Grant Program. I have worked for years to get dollars to the state under that SOR program, including last year when New Hampshire was awarded nearly $30 million.      
    And I have to say, in the first term of the Trump Administration, President Trump was very supportive of these dollars. We worked with his administration to get additional funding to address the fact that New Hampshire was one of the hardest hit states. So I don’t know why, suddenly, they are willing to put that funding at risk by this freeze, because it has done more to prevent fatal overdoses and support recovery services than any other federal program. Navigating recovery uses those dollars on the ground. Without it, they would only have weeks before they start laying off staff and stop offering services.      
    Despite what this administration claims, it is the individuals who will pay the price of this uncertainty and chaos. This spending freeze is yet another example of the Administration ignoring how their policies affect individuals’ peace of mind, the livelihoods and the health of Americans at risk.      
    And then we are seeing broader attacks by the Office of Management and Budget on federal employees. The Trump Administration didn’t stop at ripping funding away from vulnerable Americans this week. While much of the public’s focus has been held by that order, they have continued their relentless attack on federal employees.      
    Over 2 million civil servants working in thousands of essential fields–from healthcare to law enforcement to national security–who keep our country running, are under attack. And listen, I think we need to be more efficient and more effective, and we may have people who are not doing their jobs the way we want them to, but what this order has done is created confusion over the spending freeze–the hiring freeze instituted by the President’s executive order.      
    The Administration claims this is temporary, but thousands of Americans who had job offers on the table saw those offers revoked–even those who were ready to fill some of our most urgent vacancies, like at the VA. Even though the Department of Veterans Affairs said it would not apply this hiring freeze to many VA positions dedicated to providing veterans’ healthcare and benefits, many crucial programs that veterans depend on will not be able to hire staff to serve our veterans.      
    For example, the VA will not be hiring caseworkers who help veterans get into permanent housing and related support. They won’t be able to hire the personnel that literally keep the lights on and buildings running, such as fire protection, housekeeping, plumbing, boiler plant operation, laundry services, and other essential roles.      
    And we should remember that, year after year, the VA has had challenges in addressing these critical gaps. Last year, the VA reported almost 3,000 severe occupational staffing shortages. But that didn’t stop this administration from pulling every pending job offer the day they took office. And while some have been reinstated, others are still in limbo. In just one example, VA employees at a facility focused on research and care for veterans with late-stage cancer were told their jobs were under review and they may be terminated altogether.   Now, I know everybody in this chamber believes that we have made a commitment to those who have served this country in uniform, and we don’t want to fail our veterans when they return home and enter civilian life. So how does this firing of people who take care of them help us fulfill that commitment?      
    And then, if we want to talk about jobs that keep Americans safe, let’s talk about keeping planes from falling out of the sky or colliding on runways. I worked closely with the National Air Traffic Control Union and the FAA’s collaborative resource working group to adopt a new staffing model in last year’s FAA reauthorization bill.      
    We have a significant number of air traffic controllers in New Hampshire. They do a great job of keeping people in the flying public safe as they enter North America, all the way down to New York, in some of the most congested airspaces in the country. Now, the FAA made good progress in hiring last year as a result. They are still more than 3,500 controllers, however, short of their staffing target, and the controllers we do have work 6-day weeks, 10-hour days on a good week. They are exhausted; they are overworked; and they face severe mental health challenges as a result.      
    The FAA estimated that 10 percent of the federal air traffic controller workforce would depart last year as a result of these conditions. And despite this, these air traffic controllers still haven’t been told conclusively whether or not air traffic controllers are exempt from the hiring freeze.      
    Now, if preventing us from filling shortages and taking care of some of our most vulnerable wasn’t enough, OMB is actively trying to get rid of the civil servants we do have. This week, millions of federal employees received emails offering to pay their salaries for the rest of the fiscal year in exchange for resigning now–and that included every single air traffic controller in the country.      
    Now, you might be asking yourselves why, when we are short more than 3,500 air traffic controllers, did we offer to pay the ones we have not to work? Well, like the hiring freeze, this order is an irresponsible, reckless, nontargeted effort that could have devastating consequences for critical positions.      
    What’s more, they are trying to convince us that this will save money, making it clear that even if we lose thousands of employees with no plans to replace them, we will be better off.      
    Well, that is bad news for tourism in New Hampshire, for those who work closely with U.S. Forest service personnel and depend on sound management of the White Mountain National Forest, and it is bad news for people who value clean air and clean water.      
    This message was also sent to more than 780,000 civilian employees who work for the department of defense. In New Hampshire, we have almost 8,000 civilians who work at the Portsmouth Naval Shipyard that we share with the state of Maine. There are four public shipyards in the United States. Our employees in Portsmouth have the best on-time, on-budget record of any of the public shipyards. These employees contribute to the maintenance of our nuclear submarines, an essential tenet of our national security and a crucial capability to deter major conflict. Any impact to their workforce will strain a shipbuilding industrial base that is already saturated with demand to meet the requirements of our navy.  
    The bottom line: if the shipyard can’t get boats to the fleet on time, our nation is less safe.      
    The freeze on federal assistance also affects critical programs that support men and women in uniform, including DOD’s financial assistance and grant programs that support servicemembers and their families.  
    This administration has said repeatedly that it wants to “restore the warrior ethos” at the Pentagon. I don’t know about you, but slashing our defense workforce doesn’t help me sleep any better at night. I don’t think that restores the warrior ethos.      
    So in conclusion–I see my other colleagues here, and I know they are waiting to speak–the actions this week have only created confusion, chaos, and stress. That is the best-case scenario, if it ends right now. But if not, if the Trump Administration and Elon Musk get their way and cut these programs, working Americans will be the ones to suffer the most.      
    The need for housing, sewers, and childcare doesn’t go away when this administration says they don’t want to pay the bills. These costs just get pushed down to towns and end up coming out of people’s paychecks. It ends up being paid on the backs of our local taxpayers.      
    Now, again, the Administration tried to walk this back by rescinding Monday’s memo, but then they added confusion by claiming that the underlying funding freeze was still in place. And they are unable to answer basic questions about who and what will be affected.      
    Maybe it is just me and the hundreds of Granite Staters whom I have heard from, but if you are going to stop all the critical funding that helps seniors, children, and families across this country, you need a better answer than we’re hearing from this White House.      
    Instead, what we heard during the white house briefing–when asked one of these basic questions, Americans were told: we’ll check on that and get back to you.      
    So to Granite Staters who have called my office in distress, wondering what this far-reaching, unprecedented move means for their lives and their livelihoods: don’t worry. The White House is going to get back to you.      
    That’s outrageous–and this, despite not one but two federal judges who have ordered the White House to stop holding these funds. The Administration has made it clear that they intend to move forward with vague, irresponsible executive orders that jeopardize billions in infrastructure, energy, healthcare, workforce, and educational investments.      
    Hard-working families, businesses, and nonprofits have been calling my office asking for clarity, and this administration hasn’t been willing to provide any.      
    Common sense calls for all of us to work on a bipartisan basis to help our constituents to put an end to the chaos and uncertainty that has been created by this administration in only its second week. 
    I hope we can do that.      
    Mr. President, I yield the floor. 
    On Monday, the Trump administration’s Office of Management and Budget (OMB) announced a sweeping executive order pausing almost all forms of federal assistance to states, nonprofits, non-governmental organizations and more. Senator Shaheen immediately condemned the move and emphasized the impact it will have on communities. The full list that agencies were directed to review encompasses over 2,600 assistance programs, including Supplemental Nutrition Assistance (SNAP), Women, Infants and Children (WIC), community health centers, the Community Development Block Grant (CDBG), transportation and highway funding, energy assistance programs, water infrastructure funding, State Opioid Targeted Response grants, GI Bill, veteran compensation for service connected disabilities, Section 8 vouchers, school breakfast and lunch, Title I education grants, Temporary Assistance for Needy Families (TANF) and Head Start. 

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI USA: haheen, Grassley Introduce Bipartisan Bill to Crack Down on Youth Opioid Use and Overdoses

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies, and Chuck Grassley (R-IA), Chairman of the U.S. Senate Judiciary Committee, are today introducing the bipartisan Keeping Drugs Out of Schools Act to strengthen efforts to address the substance use disorder crisis that is impacting communities across the nation. The bipartisan bill would help prevent youth opioid use and overdoses by establishing a new grant program that allows current or former Drug-Free Communities (DFC) coalitions to partner with schools to provide resources educating students about the dangers of synthetic opioids. 
    “Our bipartisan bill will help save lives by educating students and young people across the country about the dangers of synthetic opioids,” said Shaheen. “We’ve made progress in recent years to stem the substance use epidemic, but there’s more we can and should do to ensure kids know just how deadly opioids can be. Our bipartisan Keeping Drugs Out of Schools Act would help do just that.” 
    “Stamping out drug abuse in our communities and schools demands an all-hands approach. One piece of the puzzle is supporting drug prevention programs that educate young people about synthetic opioids and preventable resources,” Grassley said. “I’m glad to support this vital and fiscally responsible bill to protect our next generation from the dangers of addiction.” 
    The Keeping Drugs Out of Schools Act would authorize $7 million per year for five years for a new grant program eligible to DFC grantees and other qualifying DFCs. The bipartisan bill allows DFC grantees to apply for additional funding to partner with schools to plan, implement and evaluate comprehensive school-based substance use prevention programing.   
    Shaheen has spearheaded crucial legislation and funding to stem the opioid epidemic, including through her leadership on the pivotal U.S. Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies, which funds the U.S. Department of Justice. Shaheen has also worked to increase access to substance use treatment in New Hampshire. Last year, Shaheen led the state’s congressional delegation in fighting for $29,880,604 in State Opioid Response (SOR) grants directed to New Hampshire. Shaheen fought to secure this investment in the government funding legislation for Fiscal Year (FY) 2024 that was signed into law. Additionally, the Shaheen-led State Opioid Response Grant Authorization Act increased funding and provided critical flexibilities for states administering SOR spending. In recent years, Shaheen successfully pushed the Department of Health and Human Services to maintain SOR funding levels for New Hampshire and avoid significant cliffs in funding year-over-year. Shaheen’s efforts have led to a more than tenfold increase in federal treatment and prevention funding for New Hampshire.   

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI United Kingdom: Brexit anniversary sparks call for much closer relationship with EU

    Source: Green Party of England and Wales

    On the fifth anniversary of the UK’s exit from the European Union, Green MP Ellie Chowns said:  

    “These five years have seen the economic, social and political costs of leaving the European Union become ever clearer. 

    “Far from ‘taking back control’, we have all lost out. 

    “Young people have been deprived of the chance to easily study and work in the European Union, while small businesses have found it increasingly difficult to export, and the UK is increasingly isolated on the international stage. 

    “No wonder, the proportion of the public believing Brexit to have been the right decision is at its lowest since 2020. (1) 

    “The Green Party is very clear that people and planet would benefit from much closer relationships between our country and the European Union.  

    “We will continue to press the Labour government to be braver and bolder in overcoming the negative impacts of Brexit.  

    “Full membership of the EU remains the best option for the UK, and we are in favour of pursuing a policy to re-join as soon as the political will is present.    

    “Of course, that means building the widespread public support we need before a decision to rejoin is made.  

    “There are win-win first steps that the government should be taking today. For instance, working with the EU on a youth mobility scheme that opens up the European Union to our youngsters. 

    “We should be working with the EU to tackle the twin crises of climate breakdown and biodiversity loss in the face of US President Donald Trump’s disastrous decision to pull the US out of the Paris climate agreement. 

    “We should also rejoin the Customs Union to begin to overcome the obstacles that small businesses have faced in trading with our closest partners since Brexit.  

    “While joining the Single Market would provide benefits in terms of free movement of people, goods, services and capital, membership of the Single Market without membership of the EU would not be an ideal long-term solution because the UK would not be a full partner in decision making processes.  

    “We’ve learned from the divisiveness of Brexit that binary choices push people apart rather than bring people together.   

    “So, we are proposing the use of citizens’ assemblies to support the wider public to make well-informed decisions about complicated political issues such as our future membership of the EU.” 

    Mark Ormiston, a sixth generation managing director of Ormiston Wire that manufactures a high quality products used in suspending lights, art installations, yacht rigging and surgical procedures, said Brexit is making it ever harder to get its components into final products manufactured abroad. 

    Mark Ormiston “We supply components not a final product so if the end product moves offshore, we have to try and supply that export market. With Brexit small exporters are being devastated and we must work very hard to persuade companies to use our quality and expertise.” 

    NOTES TO EDITORS 

    (1) https://yougov.co.uk/politics/articles/51484-how-do-britons-feel-about-brexit-five-years-on 

    MIL OSI United Kingdom –

    January 31, 2025
  • MIL-OSI USA: Delta Air Lines Workers Pack Minnesota Union Hall to Rally for Union Support

    Source: US GOIAM Union

    Strength in numbers is what gathered many at the St. Paul Regional Labor Federation hall recently. Many are workers for Delta Air Lines in and around Minneapolis and St. Paul, and they all could agree on one thing – costs for everyday living are getting out of hand.

    “No matter what part of the plane you’re at, eggs cost the same, rent costs the same, no matter what part of the plane you’re working on,” said Marcia Howard, President of the Minnesota Federation of Teachers. “Collectively, how are we going to stand? Side to side, shoulder to shoulder, and I am telling you, it’s going to be here.”

    A packed union hall already had many standing side to side, shoulder to shoulder, just to hear speakers. 

    WATCH: Delta workers push for a vote to unionize in MN KARE-TV Minneapolis

    U.S. Rep. Betty McCollum and Campaign Manager Raquel Sidie-Wagner for U.S. Rep. Ilhan Omar, spoke about how powerful and mighty a union could be for Delta ramp, cargo, and tower workers, who are organizing with the IAM Union, and their siblings who are Delta flight attendants, organizing with the AFA-CWA, across the country.

    The push is on to ensure that union authorization cards signed are less than one year old.

    “As long as you keep fighting you’re gonna win. We are absolutely going to win,” IAM Associate Organizer Tiffany Lopez told the prospective members.  

    She, along with other organizers working on the Delta organizing campaign, put this rally together to keep people together and focused on what a unionized Delta workforce could accomplish. 

    “There is nothing wrong with wanting more,” said Lopez. “There is nothing wrong with needing and demanding the respect you deserve.”

    Rob LaVigne, a Delta ramp worker in Minneapolis, spoke to the crowd as his daughter, Aubrielle, looked on. 

    “Sweetie, I am going to say some words. Don’t repeat them,” said LaVigne.

    He asked if anyone in the hall thinks it’s fair that Delta’s healthcare coverage, which covers his daughter, has changed three times in the past four years.

    “I am going to talk about respect,” said LaVgine. “Do you feel respected by Delta Air Lines? Respect is not fearing that you are going to lose your full time schedule every six months because the company wants to make $4.7 billion in profit, instead of $4.6 billion. They come to the ramp to make cuts.”

    “It’s not a movement trying to crush the company into oblivion,” said LaVigne. “We’re trying to raise up this airline and raise up the workers that made the airline.”

    “A strong union makes company management better,” said IAM Air Transport Territory General Vice President Richie Johnsen. “If the company’s relationship with their workers has power and meaning, they have to respect that workforce when decisions are made.  These workers are trying to organize so that they have power and a voice on the job. I am so proud that the IAM is helping with that movement.”

    Amanda Goodman Berry knows what it’s like to try to move Delta management to make change. As a Delta ramp worker in Minneapolis, she championed a campaign to update a company MLK Day video including not only his “I Have A Dream Speech,” but the foundation of his work building up the working class and standing for worker rights. 

     

    “Dr. King was organizing sanitation workers back in 1968 [hours before his assassination], so I invited Delta to match their words to what they were saying,” said Goodman Berry. “The solidarity of the various people that came out today was very important to us. This was a powerhouse of leaders, groups, and people supporting the [Delta] ramp know that we will 100% get to the finish line with the IAM, and the IAM has given us unwavering support.”

    It’s a numbers game, and for Delta ramp, cargo and tower, along with flight attendants – it’s game on.

    [ Rally Photo Gallery]

    Share and Follow:

    MIL OSI USA News –

    January 31, 2025
  • MIL-OSI Submissions: CH4 Global to open the world’s first EcoPark to grow Asparagopsis to reduce methane emissions from cows TODAY

    Production begins at CH4 Global’s first full-scale EcoPark

    ADELAIDE, Australia – January 30, 2024 – CH4 Global, Inc., will today officially open phase one of its first full-scale EcoPark, where it has begun to grow and process Asparagopsis in 10 large-scale cultivation ponds with a combined capacity of 2 million litres – capable of producing 80 metric tonnes of the seaweed each year.

    Over the next year, the facility will expand to 100 ponds capable of producing enough Asparagopsis to serve 45,000 cattle per day – a significant step toward meeting demand from CH4 Global’s existing commercial partners in Australia and beyond. With additional investment, the facility could eventually expand to 500 ponds capable of serving hundreds of thousands of cattle per day.

    Built at Louth Bay, 23km south of Port Lincoln on Eyre Peninsula, the EcoPark consists of research and development facilities, a seedling hatchery, patented in-land growth ponds, and harvesting and drying technologies to convert Asparagopsis into CH4 Global’s Methane Tamer products – allowing end-to-end production.

    The EcoPark will sustainably grow methane-reducing Asparagopsis at scale. Asparagopsis, which is a red seaweed native to South Australia, drastically reduces methane emissions from cows by up to 90 per cent.

    CH4 Global founder and Chief Executive Dr Steve Meller said the EcoPark was the first commercial facility of its kind, enabling the scalable propagation of Asparagopsis to meet the needs of feedlots under contract. CH4 Global’s system delivers consistent, high-quality production at a fraction of the cost, enabling profitability throughout the value chain without government subsidies.

    With its proprietary pond-based system, CH4 Global aims to reduce production costs by up to 90 per cent compared to conventional tank-based methods, enabling rapid scaling while positioning CH4 Global to deliver its feed supplement at a price point that ensures profitability throughout the agricultural value chain.

    “The EcoPark allows us to now grow Asparagopsis at-scale, providing more Methane Tamer to the feedlots and farmers we are already working with, and to meet the needs of the increasing number of organisations contacting us to help them change the feeding habits of their cows as we start bending the climate curve,” Dr Meller said.

    “We are well and truly working towards eliminating one billion metric tons of carbon dioxide equivalent emissions and reaching 150 million cattle by 2030 through our local and international partnerships with feedlots and farmers, and it’s fantastic to see beef from these cows hitting shelves in Australia and heading overseas.”

    Dr Meller said the Louth Bay EcoPark was an essential step on the climate journey and would be positive for the Eyre Peninsula community and economy.

    CH4 Global has committed to preventing the creation of one gigatonne of CO2 emissions by 2032.

    To do so, CH4 Global needs to reach 150 million cattle —10 per cent of the world’s total.“Along with supporting farmers in South Australia, Queensland and overseas to reduce emissions, we’re working closely with the Eyre Peninsula community by having worked with local contractors to build the EcoPark, sourcing local materials and providing regional jobs.”

    CH4 Global has also been working with First Nations communities across South Australia, including with the planting of native species and on a land management plan, and providing a gathering space on-site.

    CH4 Global has implemented a sustainable design framework for Louth Bay and future EcoParks, guiding the use and management of energy and natural resources, waste and GHG emissions, and efficient use of eco-friendly materials.

    As part of its sustainable design framework, CH4 Global has remediated the 14ha site and will be responsible for 13km of beach. Remediation has included removing 5,000 tonnes of concrete tanks – crushed and recycled; 11.76 tonnes of HDPE to be recycled in Adelaide, 10 tonnes of plastic aquaculture trays and other plastic equipment for filtering water and other purposes, which have been rehomed and reused within the community; and sent five tonnes of steel to recycling.

    About CH4 Global

    CH4 Global, founded in 2018, is on an urgent mission to bend the climate curve, through collaboration with strategic partners worldwide. We deliver market-disruptive products that enable the food industry value chain to radically reduce GHG emissions.

    The company’s first innovation, Methane Tamer feed additives for feedlot cattle, harnesses the power of Asparagopsis seaweed to reduce enteric methane emissions by up to 90 per cent.

    MIL OSI – Submitted News –

    January 31, 2025
  • MIL-OSI China: Chinese commercial reusable rocket firms target new heights in new year

    Source: China State Council Information Office

    Building on the remarkable progress achieved in recent years, China’s commercial reusable rocket developers are poised to reach new heights over the next 12 months.

    Guowang and Spacesail, two of China’s major low Earth orbit (LEO) satellite internet constellations, will have tens of thousands of satellites in orbit in the future, creating a robust market foundation for the country’s commercial launches.

    Vast market demand will serve as a powerful driving force, propelling continuous innovation and breakthroughs in reusable rocket technology, while accelerating the widespread application of new technologies, materials, processes and testing methods, said Meng Xianbo, chief strategy officer of Galactic Energy, a Beijing-based rocket developer.

    Galactic Energy is currently working on two types of reusable rockets. The PALLAS-1 is a two-stage reusable rocket fueled by liquid oxygen and kerosene. Weighing around 290 tonnes at launch, it can carry up to 8 tonnes to LEO. This rocket is set to make its debut flight in the first half of 2025, kicking off commercial operations with two planned missions this year.

    Based on the PALLAS-1 design, the PALLAS-2 rocket features a boosted LEO payload capacity of 30 tonnes and is expected to wrap up assembly and testing in the course of 2025.

    LandSpace’s Zhuque-3 rocket, meanwhile, completed a 10-kilometer vertical takeoff and landing recovery test in September 2024. This mission used a single-stage rocket with liquid oxygen and methane engines, marking the first time a Chinese rocket had completed vertical takeoff and landing recovery.

    The company revealed that the Zhuque-3 rocket is slated for its inaugural launch in 2025 — with three missions planned for the year.

    “These launches will deliver a combined payload capacity of around 60 tonnes, and we are targeting the successful recovery of the rocket’s first stage within these three missions,” said Zhang Changwu, CEO of LandSpace.

    The commercial reusable rocket SQX-2Y, developed by i-Space, completed a vertical take-off and landing flight test on Nov. 2, 2023. Subsequently, it conducted its second flight test mission on Dec. 10, 2023.

    The company said valuable data and experience gained from these two SQX-2Y flight tests will contribute to key technological innovations for its medium-to-large reusable liquid oxygen-methane launch vehicle, named SQX-3.

    According to the company, the SQX-3 launch vehicle is scheduled to perform its first orbital launch and recovery test mission in December 2025.

    Following the recovery of its first stage, it will undergo maintenance and inspection before being equipped with a new second stage. The rocket is then planned to conduct its first reuse flight test mission in June 2026, said Ji Haibo, deputy general manager of the company.

    The maritime recovery platform for the SQX-3 rocket’s maiden flight mission commenced construction in November 2024, Ji added.

    Another rocket startup, Deep Blue Aerospace, announced last year that it plans to carry out commercial suborbital flights in 2027, using the company’s reusable rocket Nebula-1.

    The oxygen/kerosene-fueled Nebula-1, the company’s first reusable launch vehicle, completed 10 of the 11 key verification tasks during its first high-altitude vertical recovery flight test on Sept. 22, 2024.

    The Nebula-1 rocket will conduct extensive high-altitude recovery tests in 2025 and 2026. These tests aim to verify the feasibility and stability of the technology, while also accumulating critical data for ultimate orbit entry and recovery, according to the company.

    Huo Liang, founder and chairman of this company, said advancements in rocket reusability will drive down space travel costs — making it accessible to the general public rather than remaining a niche luxury.

    “We look forward to sending more people to space, inspiring broader interest in cosmic exploration, and expanding humanity’s understanding of the universe,” Huo added. 

    MIL OSI China News –

    January 31, 2025
  • MIL-OSI New Zealand: Federated Farmers – Lend, don’t lecture – Feds support Shane Jones’ banking crackdown

    Source: Federated Farmers

    Federated Farmers welcomes Resources and Regional Development Minister Shane Jones’ efforts to hold banks accountable when they stray from their core function – lending money.
    Jones is spearheading a member’s bill seeking to ensure financial institutions focus on their legal and social responsibility to provide credit rather than engaging in selective lending based on ideology.
    “We’re right behind that. Banks exist to lend, not to lecture,” Federated Farmers banking spokesperson Richard McIntyre says.
    “It’s the job of elected governments to determine which businesses are lawful -not a handful of banking executives imposing their own moral compass.
    “Yet we’re seeing banks decline credit to legal businesses simply because they don’t align with corporate PR strategies.”
    One threat identified by Federated Farmers is to petrol stations, a vital lifeline for rural communities and isolated parts of New Zealand.
    Internal BNZ documents provided to Federated Farmers in late 2024 clearly state there is to be no new lending to petrol stations, and all existing debt needs to be repaid by 2030.
    “If banks are unwilling to provide lending to pay for things like upgrades, expansion or compliance, petrol stations will just disappear,” McIntyre says.
    “It’s ideologically driven nonsense. Do they not think farmers and rural communities will still need petrol in five years?
    “If a business is lawful, creditworthy, and can service a loan, then why should it be blacklisted by bank officials who jetted off to Glasgow together to sign an agreement on joint lending criteria?”
    Banks hold a social licence, and with that comes an obligation to serve their customers fairly, not to dictate how they should run their businesses, McIntyre says.
    Federated Farmers has been at the forefront of the fight against banking overreach in recent years.
    The farming advocacy group has led the charge for a government inquiry into banking competition, and has been working with Ministers to push for a review of bank capital requirements that penalise the agriculture sector.
    The federation also laid a complaint late last year with the Commerce Commission about the Net Zero Banking Alliance and its potential anti-competitive behaviour.
    “We continue to monitor and put pressure on banks to be fair to their customers, and we’re pleased to support Minister Jones’ proposal.
    “Banks should focus on banking, so farmers can focus on farming.
    “We expect this Bill to include provisions ensuring lending decisions are based on financial criteria rather than emissions targets,” McIntyre says.
    “Federated Farmers will continue to advocate for rural businesses and fair access to credit, so banking policies support the economy rather than ideology.”

    MIL OSI New Zealand News –

    January 31, 2025
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