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Category: Business

  • MIL-OSI USA: More Than $100M Awarded to Pro-Housing Communities

    Source: US State of New York

    January 28, 2025

    Albany, NY

    Governor Kathy Hochul today announced new investments of more than $100 million for projects located in certified Pro-Housing Communities, part of a total $123 million allocated as part of the latest round of the State’s Regional Economic Development Council initiative. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to modestly increase their housing supply; to date, 273 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $110 million in funding to cover infrastructure and planning costs for Pro-Housing Communities.

    “There’s only one solution to New York’s housing affordability crisis: we’ve got to build more housing,” Governor Hochul said. “The Pro-Housing Communities initiative is delivering the incentives communities are looking for, and this latest round of grant funding will make a real difference in every region of New York. We’re proud of all the certified Pro-Housing Communities in New York and look forward to seeing their continued growth.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “The Round XIV awards demonstrate how local priorities align with the state’s economic development goals – especially in our Pro-Housing Communities. The overwhelming response to the new Capital Improvement Grants program reflects how municipalities are eager to strengthen their foundations while addressing critical housing needs. Under Governor Hochul’s leadership, we continue to create new and dynamic opportunities to create jobs and generate sustainable and equitable growth throughout New York State.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Governor Hochul has been clear – municipalities who share our vision for smart housing growth will be rewarded. Through these $100 million awards announced today, Pro-Housing Communities will receive a financial boost to their efforts to upgrade infrastructure, strengthen their economies, and embark on projects that improve the quality-of-life for New Yorkers. We thank the Governor for her continued leadership and applaud our partners at the local level who are working diligently in every region of the state to find solutions to the housing shortage.”

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    Regional Economic Development Council Round XIV

    Round XIV of the Regional Council initiative further advanced Governor Hochul’s housing agenda by including a new program featuring funding earmarked for projects located in Pro-Housing Communities, as certified by Homes and Community Renewal (HCR). The Capital Improvement Grants for Pro-Housing Communities Program, administered by Empire State Development (ESD), made up to $40 million available to municipalities, counties and not-for-profits to support capital improvement and placemaking projects within Pro-Housing Communities. Due to an overwhelming response in applications and high demand, more than $55 million is being awarded to support these projects, reflecting the strong pro-housing commitment of the State’s municipalities.

    Three other programs in Round XIV were included in the Pro-Housing Community designation: ESD’s Grants and Market New York programs, and HCR’s New York Main Street program. Additionally, more than $9 million in Excelsior Jobs Program tax credits have been awarded to support the job creation and investment goals in projects located throughout the State. In the coming weeks, more than $250 million will be awarded to Pro-Housing Communities from the Downtown Revitalization Initiative, New York Forward and Mid-Hudson Momentum Programs.

    Select projects in Pro-Housing Communities from Round XIV include:

    • Capital Region – Schenectady Community Action Program – SCAP Campus: In partnership with DePaul Properties, Inc., SCAP will construct a building to house a new child care center, program space and administrative offices for its wide array of family support services, including employment services, supportive housing services and individual and family crisis intervention. The new site is in a New York State-designated child care desert and will provide new classrooms for comprehensive child care slots. The building is expected to be part of a larger mixed-use redevelopment that will create a one-of-a-kind campus in the City of Schenectady where housing, child care and family support services are co-located. ESD Grant – $4.975 million; Total Project Cost – $12.4 million.
    • Central New York – SEED Syracuse, Inc. – Chimes Building: The not-for-profit group will redevelop the Chimes Building into a mixed-use, mixed-income building. The project will create several residential units available to a mix of incomes and includes commercial space to house telecommunications tenants that serve as a fiber optic hub, providing internet access for roughly half of the City of Syracuse, including hospitals, fire departments, local businesses and residential users. ESD Grant – $1.25 million; Total Project Cost – $40.7 million.
    • Finger Lakes – Rochester Housing Authority – Fernwood Avenue Library & Mixed-Use Development: The project includes building a new branch of the Rochester Public Library System within a four-story, 80,000 square foot mixed-use building that includes affordable housing. The site will include 65 housing units with space for the new library to also provide support services, computer training and workforce development. Community Action Agencies will help coordinate and administer an integrated system of support services, creating new opportunities for success through targeted education and training efforts. The new building will be located on a Brownfield site. Capital Improvement for Pro-Housing Communities – $775,000; Total Project Cost – $4 million.
    • Long Island – Town of Riverhead – Downtown Riverfront Amphitheater: The Town will create a riverfront amphitheater and public park. Due to their location below the flood plain and increasing flood risks from climate change, the buildings will be relocated to the northern end of the property and elevated on new foundations. The southern end, with a 13-foot slope, will be converted into tiered seating with a stage and bandshell near the Peconic River. This design leverages the natural slope to protect the buildings while creating a flood barrier. The amphitheater will double as a public park, hosting activities like exercise classes, movie nights and children’s events. Capital Improvement Grant for Pro-Housing Communities – $1.4 million; Total Project Cost – $2.8 million.
    • Mid-Hudson – Habitat for Humanity of Dutchess County, Inc. – Taylor Ave. Development: Working in partnership with the City of Poughkeepsie, HFHDC will undertake the site preparation and construction of a mixed-use development that includes a child care center and housing units, with a portion of the units dedicated to senior and workforce housing. The project involves comprehensive site planning, modular townhouse designs, and the integration of necessary infrastructure such as roads, utilities and green spaces. ESD Grant – $1.6 million; Total Project Cost – $14.5 million.
    • Mohawk Valley – Municipal Housing Authority of the City of Utica (People First) – THRIVE Cornhill: This project will integrate two mixed-use buildings in the Cornhill section of Utica, offering two Community Impact Centers and several mixed-income apartments. The Impact Centers will support community-focused programs including a multipurpose gym, urban grocery, coworking space, test kitchen, entrepreneurial incubator, dance, art space and a courtyard. Capital Improvements for Pro-Housing Communities – $3 million; Total Project Cost – $17.6 million.
    • New York City – Brooklyn Navy Yard Development Corporation – Center for Planetary Health: The Center will establish a cutting-edge biotech innovation hub at Newlab in the Brooklyn Navy Yard. C4PH is purpose-built to accelerate the commercialization of non-therapeutic life sciences that can be applied to address climate change. The Center will be able to support over 30 companies, focusing on sectors like agriculture, textiles and building materials. ESD Grant – $1.6 million; Total Project Cost – $8 million.
    • North Country – Village of Massena – Raw Water Capital Project: The Village will construct a secondary raw water transmission line from the Massena Intake Dam to the water treatment plant. The new line will provide redundancy in the case of an emergency or routine maintenance, should the older main line fail. It will provide critical water service to residential, commercial, and industrial users in the Village and Town of Massena, plus Norfolk and Louisville. The line will also include new taps for the extension of raw water service to the proposed Air Products Green Hydrogen Facility. Capital Improvement Grant for Pro-Housing Communities – $2.34 million; Total Project Cost – $4.69 million.
    • Southern Tier – Village of Dryden – Water and Sewer Infrastructure Improvements: The Village will upgrade its water and sewer infrastructure as the first phase in having several hundred workforce apartments being built as Ezra Village in Tompkins County. The water improvements include extending water mains, and the sewer infrastructure upgrades include replacing several thousand feet of pipeline. Capital Improvements for Pro-Housing Communities – $1.82 million; Total Project Cost – $3.64 million.
    • Western New York – Jewish Community Center of Greater Buffalo, Inc. – Workforce Child Care Initiative: The project includes the construction of a two-story child care center on the Buffalo Niagara Medical Campus that will provide much needed service and provide specialized space for children with special needs. Partnerships within the campus like BestSelf Behavior Health and Buffalo Hearing and Speech will enable the new center to offer specialized resources and services to children in need, and a space to host these services for parents and their children. ESD Grant – $3 million; Total Project Cost – $8.2 million.

    More information on the projects awarded through the 2024 Regional Economic Development Council initiative, including a full list of awardees, is available here.

    There’s only one solution to New York’s housing affordability crisis: we’ve got to build more housing.”

    Governor Hochul

    Governor Hochul’s Housing Agenda

    Today, Governor Hochul announced that 273 municipalities have been certified as Pro-Housing Communities. The Governor is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers.

    As part of her 2025 State of the State, Governor Hochul proposed a bold plan to make owning and renting a home more affordable. The Governor proposed bolstering the Pro-Housing Community Program by investing $100 million to support critical housing infrastructure projects and providing $10.5 million technical assistance grants to help communities adopt pro-housing policies. The Governor also proposed creating the State’s first revolving loan fund to spur mixed-income rental development outside of New York City, as well as legislation to address rent-price fixing collusion by landlords, increase the effectiveness of State tax credits that support affordable housing development, and extending security deposit protections that market rate tenants currently have to rent-regulated tenants.

    Additionally, Governor Hochul proposed new steps to make homeownership more accessible and affordable to all New Yorkers, including funding for starter home development and first-time homebuyer downpayment assistance, and disincentivizing private equity firms from buying single-family and two-family homes across the State. The State of the State also proposes increased support for supportive housing that serves some of the most vulnerable New Yorkers.

    As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives for Upstate communities, new incentives and relief from certain State-imposed restrictions to create more housing in New York City, a $500 million capital fund to build up to 15,000 new homes on State-owned property, an additional $600 million in funding to support a variety of housing developments statewide and new protections for renters and homeowners.

    In addition, as part of the FY23 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 55,000 homes have been created or preserved to date.

    Embedded Flickr Album

    State Senator Brian Kavanagh said, “Addressing our statewide housing shortage requires that we use all the tools we have. Today’s announcement by Governor Kathy Hochul underscores our collective commitment to fostering vibrant, sustainable communities, while incentivizing localities to be open to producing more housing. I am proud to support the State budget that makes these funds available and I commend the Governor, Housing Commissioner RuthAnne Visnauskas, and their colleagues in the administration for effectively implementing and growing the Pro-Housing initiative.”

    State Senator Sean Ryan said, “New York’s housing affordability crisis is a problem we can solve, but it’s going to require creative ideas and consistent support for a wide range of programs to deal with this problem’s many causes. I thank Governor Hochul for her commitment to meeting this challenge, and I look forward to continuing to work together to implement solutions that address the unique problems facing Upstate communities.”

    Assemblymember Linda B. Rosenthal said, “Communities in every region of the state need to step up to the plate to build a more affordable New York. With the latest round of funding awarded by the Regional Economic Development Council, public housing authorities and non-profit organizations will be able to create much-needed affordable housing for those who are struggling to stay financially afloat in the Empire State. As we look toward the start of another budget season, I am once again committed to fighting for every available cent to build and preserve our state’s affordable housing stock. I applaud the Governor’s tenacity in addressing the housing crisis and her continued partnership on this critical issue.”

    Assemblymember Al Stirpe said, “Today’s announcement of ESD Round XIV grants truly benefits the Pro-Housing Communities as well as addresses critical needs throughout the state. Here in Central New York, SEED Syracuse, Inc. received funding for their project creating mixed income housing and commercial space in the City of Syracuse by redeveloping an iconic 1929 office building. Funding local projects in Pro-Housing Communities strengthens the fundamental economic base in these municipalities. Whether it is supporting child care, water infrastructure, innovative technologies, or libraries, all contribute to enhancing the daily lives of New Yorkers and the health of their neighborhoods and the region. Governor Hochul has taken the lead to address the state’s housing needs while, at the same time, reinforcing job creation and a spectrum of economic development opportunities.”

    Assemblymember Angelo Santabarbara said, “This initiative is about more than housing—it’s about creating opportunity and building a foundation for families to thrive. Growing up in the City of Schenectady, I saw how challenging it was for families like mine to get by without the resources we’re now able to provide. Investments like these in affordable housing, child care, and support services give families the tools they need to build a brighter future. I’m grateful for the collaboration and shared vision that made this possible, and I look forward to seeing how these projects transform our communities for generations to come.”

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI Global: Rereading Rembrandt: how the slave trade helped establish the golden age of Dutch painting

    Source: The Conversation – Africa – By Caroline Fowler, Starr Director of the Research and Academic Program, Clark Art Institute, and lecturer in Art History, Williams College

    Detail from Rembrandt van Rijn’s painting Two African Men. Sailko/The Mauritshuis/Wikimedia Commons, CC BY

    The so-called golden age of Dutch painting in the 1600s coincided with an economic boom that had a lot to do with the transatlantic slave trade. But how did the slave trade shape the art market in the Netherlands? And how is it reflected in the paintings of the time?

    This is the subject of a new book called Slavery and the Invention of Dutch Art by art historian Caroline Fowler. We asked about her study.

    What was Dutch art about before slavery and what was the golden age?

    The earliest paintings that would be called Dutch were predominantly religious. They were made for Christian devotion. In the 1500s, major divisions in the church led to a fragmentation of Christianity called the Reformation.

    In this new religious climate, artists began to create new types of paintings, studying the world around them. They included landscapes, seascapes, still lifes, and interior scenes of their homes. Instead of working for the church, many painters began to work within an art market. There was a rising middle class that could afford to buy paintings.

    Historically, this period in Dutch economic prosperity has been called the “golden age”. This is when many of the most famous Dutch painters worked, such as Rembrandt van Rijn and Johannes Vermeer.

    Their work was made possible by a strong Dutch economy built on global trade networks. This included the transatlantic slave trade and the rise of the middle class. Although artists did not directly paint the transatlantic slave trade, in my book I argue that it is central to understanding the paintings produced in the 1600s as it made the economic market possible.

    In turn, many of the types of painting that developed, like maritime scenes and interior scenes, are often obliquely or directly about international trade. The slave trade is a haunting presence in these images.

    How did this play out within Dutch colonialism?

    The new “middle class” consisted of economically prosperous merchants, artisans, lawyers and doctors. For many of the wealthiest merchants, their prosperity was fuelled by their investments in trade overseas. In land and plantations, and also commodities such as sugar, salt, mace and nutmeg.



    Read more:
    Slavery, tax evasion, resistance: the story of 11 Africans in South America’s gold mines in the 1500s

    Slavery was illegal within the boundaries of the Dutch Republic on the European continent. But it was widely practised within Dutch colonies around the world. Slavery was central to their trade overseas – from the inter-Asian slave network that made possible their domination in the export of nutmeg, to the use of enslaved labour on plantations in the Americas. It also contributed in less visible ways to Dutch economic prosperity, like the development of maritime insurance.

    What was the relationship between artists and Dutch colonies?

    In the new school of painting, artists would sometimes travel to the Dutch colonies. For example, Frans Post travelled to Dutch Brazil and painted the sugar plantations and mills. Another artist named Maria Sibylla Merian went to Dutch Suriname, where she studied butterflies and plants on the Dutch sugar plantations.

    Both depict landscapes and the natural world but don’t directly engage with the profound dehumanisation of slavery, and an economic system dependent on enslaved labour. But this doesn’t mean that it’s absent in their sanitised renditions.

    Among the sources that I used to think about the presence of the transatlantic slave trade in a culture that did not overtly depict it were inventories of paintings and early museum collections. Often the language in these sources differed from the painting in important ways. They demonstrate how the violence of the system emerges in unexpected places.

    One inventory that describes paintings by Frans Post, for example, also narrates the physical punishment meted out if the enslaved tried to run away from the Dutch sugar plantations. This isn’t depicted in the painting, but it is part of the inventory that travelled beside the painting.

    These moments reveal the profound presence of this system within Dutch painting, and point to the ways in which artists negotiated making this structure invisible in their paintings although they were not able to completely erase its presence.

    How do you discuss Rembrandt’s paintings in your book?

    Historically, studies of the transatlantic slave trade in early modern painting (about 1400-1700) have looked at paintings that directly depict either enslaved or Black individuals.

    One of the points of this book is that this limits our understanding of the transatlantic slave trade in Dutch painting. A focus on blackness, for example, precludes understanding how whiteness is constructed at the same time. It fails to recognise the ways in which artists sought to diminish the presence of the slave trade in their sanitised rendition of Dutch society.

    One painting that I use to think about this is Rembrandt van Rijn’s very famous work called Syndics of the Draper’s Guild. It’s a group portrait of wealthy, white merchants gathered around a table looking at a book of fabric samples.

    Although there aren’t enslaved or black individuals depicted, this painting would be impossible without the transatlantic slave trade. Cloth from the Netherlands was often exchanged for enslaved people in west Africa, for example.

    In my book, I draw attention to these understudied histories to understand how certain assumptions around whiteness, privilege, and wealth developed in tandem with an emerging visual vocabulary around blackness and the transformation of individual lives into chattel property.

    What do you hope readers will take away from the book?

    I hope that readers will think about how many of our ideas about freedom, the middle class, art markets, and economic prosperity began in the 17th-century Dutch Republic. As this book demonstrates, a central part of this narrative that has been overlooked was the transatlantic slave trade in building this fantasy.

    This is in many ways an invention that traces back to the paintings of overt consumption and wealth produced in the Dutch Republic – like Vermeer’s interiors of Dutch homes.



    Read more:
    How we proved a Rembrandt painting owned by the University of Pretoria was a fake

    My aim with this book is to present not only a more complex view of Dutch painting but also a reconsideration of certain dogmas today around prosperity and the art market. The rise of our current financial system, art markets and visible celebration of landscapes, seascapes and interior scenes are all inseparable from the transformation of individual lives into property. We live with this legacy today in our systems built on racial, economic and gendered inequalities.

    Caroline Fowler 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. Rereading Rembrandt: how the slave trade helped establish the golden age of Dutch painting – https://theconversation.com/rereading-rembrandt-how-the-slave-trade-helped-establish-the-golden-age-of-dutch-painting-247918

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI USA: Wyden, Dexter Urge Trump to Make Good on Campaign Promises to Lower Food Prices for American Families

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    January 28, 2025
    Washington, D.C. – U.S. Senator Ron Wyden and U.S. Representative Maxine Dexter today announced they have joined 19 legislative colleagues in a letter to Donald Trump urging him to take meaningful steps to lower grocery prices for American families.
    During his campaign, Trump repeatedly promised he would lower food prices “immediately” if elected. However, during his first week, none of the many executive orders he signed addressed any sort of plan to lower food costs.
    “Your sole action on costs was an executive order that contained only the barest mention of food prices and not a single specific policy to reduce them,” wrote the lawmakers. “You have tools you can use to lower grocery costs and crack down on corporate profiteering, and we write to ask if you will commit to using those tools to make good on your promises to the American people.”“To make food more affordable, you should look to the dominant food and grocery companies that have made record profits on the backs of working families who have had to pay higher prices,” continued the lawmakers. “If you are indeed committed to lowering food prices, we stand ready to work with you.”
    The lawmakers laid out six recommendations for executive actions to lower prices by encouraging competition and fighting price-gouging at each level of the food supply chain:

    Encourage the Federal Trade Commission (FTC) and U.S. Department of Agriculture (USDA) to prohibit exclusionary contracting by dominant firms in the food industry, making it harder for major retailers and food brands to shut out smaller suppliers and drive up prices at smaller stores.

    Encourage the FTC to issue guidance on potential violations of the Robinson Patman Act and Section 5 of the FTC Act within the food industry and take enforcement action where merited. 

    Work with the USDA to increase the number of government contract recipients that are very small businesses and to ensure that government contracting considers the long-term costs of food sector consolidation. 

    Help the Department of Justice (DOJ) and FTC scrutinize, and where appropriate, block mergers and acquisitions in the food and agricultural sectors.

    Encourage the DOJ to prosecute actors in the agricultural and food sectors for price-fixing and other anticompetitive behavior.

    Direct the Commodity Futures Trading Commission (CFTC) and FTC to form a joint task force to investigate food price manipulation throughout the supply chain. 

    “Americans are looking to you to lower food prices. Instead of working to lower their grocery bills, however, you have used the first week of your administration on attempting to end birthright citizenship, pardoning individuals who attacked the U.S. Capitol on January 6, and renaming a mountain,” concluded the lawmakers. “We urge you to make good on your campaign promise to lower food prices for American families.”Read the full text of the letter here.

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI Global: Cameroon could do with some foreign help to solve anglophone crisis – but the state doesn’t want it

    Source: The Conversation – Africa – By Julius A. Amin, Professor of History, University of Dayton

    What began in late 2016 as a peaceful protest by lawyers and teachers in Cameroon’s North West and South West regions quickly turned violent and developed into what’s become known as Cameroon’s anglophone crisis.

    The protest was instigated by perceived marginalisation of Cameroon’s anglophone region, which makes up 20% of the nation’s 29 million people.

    The conflict has resulted in immense destruction and casualties. Cameroon’s military responded to the protest with arrests and torture. Voices that called for complete secession of the anglophone regions from the Republic of Cameroon gained momentum.

    They created a virtual Ambazonia Republic and an interim government in exile, and vowed to fight back. They formed a military wing, Ambazonia Self-Defence Force, which attacked and disrupted economic and social services in the region.

    As of October 2024, over 1.8 million people have needed humanitarian assistance. Over 584,000 have been internally displaced. Over 73,000 have become refugees in next-door Nigeria. Over 6,500 have been killed.



    Read more:
    Cameroon: how language plunged a country into deadly conflict with no end in sight

    And the conflict still rages.

    One possible avenue that could be pursued to end the impasse is mediation, with help from other countries. But the Cameroonian government has repeatedly rebuffed intervention from organisations such as the African Union, arguing that the conflict is an internal affair.

    It also ended a government-sponsored mediation by the Swiss in 2022.

    It is clear to me, as a historian who has studied Cameroon foreign policy for the past three decades, that Cameroon’s leadership will not look to external actors to help solve their crisis.

    Founding leader Ahmadou Ahidjo, and later his successor Paul Biya, did not respond to external pressure to address issues. Cameroon’s diplomatic relations are based on respect of national sovereignty and nonintervention in each other’s internal affairs.

    My research shows that the Cameroonian leadership rejects outside intervention on issues it regards as within its sovereignty and internal affairs.

    Removing Cameroon from aid programmes such as the United States Agency for International Development programme and the African Growth and Opportunity Act has not deterred its leaders.

    An understanding of this background is crucial in the search for solutions to the ongoing anglophone crisis.



    Read more:
    Cameroon spends 90% of Chinese development loans on its French region: this could deepen the country’s divisions

    Use of force

    In the 1960s, Ahidjo used brutal force against a nationalist organisation called the Maquisard. His presidency was characterised by murders, imprisonments and torture.

    Political rivals were imprisoned or forced to go into exile. Biya, who served in Ahidjo’s government, learned that repressive measures work. As president, he used similar tactics against rivals and the opposition.

    But the use of force as a response to the anglophone protest was a miscalculation. The Biya regime failed to see the crisis in its context of changing times, misunderstood the sources of the conflict, and misread the role of social media in protest activities in the 21st century.

    The crisis originated from a series of grievances: poverty, unemployment, political and economic neglect of the anglophone region, failure to treat French and English as equal languages in the country, and disrespect and disregard of English-speaking Cameroonians.

    At the beginning protesters were generally peaceful, but things changed in 2017. Biya stated that Cameroon was being hijacked by “terrorists masking as secessionists” and vowed to eliminate them.

    To anglophone leaders it was a formal declaration of war, and the message spread quickly on social media. The Biya team did little to slow or stop its spread, and anglophones inside and outside the country accepted the message as fact. It mobilised the region. And few took the time to read the full text of his remarks.

    The brutality of the war on both sides intensified. Everything had all happened so quickly, and most did not anticipate the intensity of the violence.



    Read more:
    Cameroon after Paul Biya: poverty, uncertainty and a precarious succession battle

    Resistance to outside intervention

    In its diplomatic relations, Cameroon has a long history of protecting what it sees as its own business.

    One example was in 1992, after the US administration criticised Biya for electoral fraud. The Cameroon government fired back. Biya withdrew Cameroon’s ambassador from Washington DC, and informed the US ambassador that America should stay clear of Cameroon’s internal affairs.

    In 2008, tension erupted again when Biya changed Cameroon’s constitution to eliminate presidential term limits. The US ambassador criticised the move in the Cameroonian press. Again, Cameroonian officials pushed back, asking the ambassador not to interfere in the nation’s internal politics.

    America’s disposition towards the anglophone crisis has been one of non-interference. Other major powers have responded similarly, asking both sides to end the violence.

    The Cameroon government has rebuffed initiatives from Switzerland and Canada, both friendly to the country, publicly stating it asked no nation to mediate.

    The rejection of the Swiss initiative was surprising, given that Biya spends much time in that country. Unlike the Swiss plan, in which conversations began, the Canadian initiative did not even take off.



    Read more:
    Cameroon’s rebels may not achieve their goal of creating the Ambazonian state – but they’re still a threat to stability

    Looking ahead

    Measurable indicators show that the Biya regime is failing to end the anglophone crisis. The killings – including those of law enforcement officers – kidnaps, brutality and ransom demands are now normalised in the anglophone region, especially in rural areas.

    Biya’s Grand National Dialogue and National Commission for the Promotion of Bilingualism and Multiculturalism have failed to address the sources of the crisis. Locals dismiss them as a joke.

    People are exasperated by public service announcements about what the government has achieved. Their condition remains much worse than it was in the pre-crisis period.

    Ordinary people are focused on bread-and-butter issues and the desire for dignity and respect. But they don’t see it.

    Young Cameroonians need to see both anglophone and francophone residents at every level of government, on every rung of the business ladder, in every management position, at every school — even on every billboard advertisement.

    Only such a widespread and visible approach can convincingly challenge Cameroon’s pattern of discrimination and exclusion.

    The Biya regime must commit to doing that and not be distracted by supporters urging him to be a candidate in the upcoming presidential election.

    It is important to track and bring to justice the apparent sponsors of the killings in the country. This must be done while government keeps its promises to make things right for those living in the anglophone regions.

    Finally, given China’s investment in Cameroon, it can do more to engage the Biya regime on the anglophone crisis. Like Cameroon, China’s policy also stipulates a policy of nonintervention, but it has repeatedly changed course when its strategic interests are threatened.

    Major power status demands major responsibilities, and showing the will to stop chronic human rights violations remains an important obligation.

    Julius A. Amin 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. Cameroon could do with some foreign help to solve anglophone crisis – but the state doesn’t want it – https://theconversation.com/cameroon-could-do-with-some-foreign-help-to-solve-anglophone-crisis-but-the-state-doesnt-want-it-244770

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI USA: King Cosponsors Bipartisan Bill to Increase Price Transparency on Prescription Drug Advertising

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — U.S. Senator Angus King (I-ME) is cosponsoring legislation to promote transparency, boost competition, and bring down the cost of prescription drugs. The bipartisan Drug-Price Transparency for Consumers (DTC) Act would require price disclosures on advertisements for prescription drugs in order to inform patients who are considering certain medications after seeing television commercials. By requiring direct-to-consumer (DTC) advertisements for prescription drugs to include a disclosure of the list price, patients can make informed choices when inundated with drug commercials and pharmaceutical companies may reconsider their pricing and advertising tactics. 
    Each year, the pharmaceutical industry spends $6 billion in DTC drug advertising to fill the airwaves with ads, resulting in the average American seeing nine DTC ads each day. Studies show that these commercials often steer patients to more expensive drugs, even when a patient may not need the medication or a lower-cost generic is available. Studies show that patients are more likely to ask their doctor, and ultimately receive a prescription, for a specific drug when they have seen ads for it.  For these reasons, most countries have banned DTC prescription drug advertising — the United States and New Zealand are the only industrialized nations that allow these ads.
    “Current advertisement practices in the pharmaceutical industry allow drug companies to unfairly inflate the efficacy of their products while concealing their exorbitant prices,” said Senator King. “The Drug-Price Transparency for Consumers (DTC) Act would ensure that Maine people have more transparency, choice, and competition in the prescription drug marketplace. I want to thank my colleagues on both sides of the aisle for putting Americans first above the profits of big pharma.”
    The Government Accountability Office (GAO) has found that prescription drugs advertised directly to consumers accounted for more than half of Medicare’s spending on drugs between 2016 and 2018, while a 2023 study in the Journal of the American Medical Association found that two-thirds of advertised drugs offered “low therapeutic value.” Additionally, a Kaiser survey found that 88 percent of Americans support this price disclosure policy for advertisements.
    Below are some key findings from the GAO report:
    Two-thirds of pharma’s spending between 2016 and 2018 on DTC ads ($12 billion out of $18 billion total) was concentrated on just 39 drugs.
    During this period, these advertised drugs accounted for 58 percent of Medicare’s spending on drugs ($320 billion out of $560 billion). 
    Among the top 10 drugs with the highest cost to Medicare, four were also in the top 10 for advertising spending (Humira, Eliquis, Keytruda, Lyrica).
    Joining King on this bill are Senators Dick Durbin (D-IL), Chuck Grassley (R-IA), Joni Ernst (R-IA), Tina Smith (D-MN), Peter Welch (D-VT), Richard Blumenthal (D-CT), and Tammy Baldwin (D-WI).
    Senator King has consistently worked to lower healthcare costs and increase transparency for Maine people. Last year, he introduced bicameral legislation to prohibit direct-to-consumer drug advertising of pharmaceutical drugs in the first three years after the drug receives Federal Drug Administration (FDA) approval. Senator King also cosponsored the Health Care Affordability Act which permanently extends enhanced Premium Tax Credits (PTCs) — tax subsidies that increase the amount of financial assistance available to people buying their own health insurance. Additionally, Senator King has introduced legislation to prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses.

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI Global: Skin-to-skin contact is good for your baby and you – and not just straight after birth

    Source: The Conversation – UK – By Viren Swami, Professor of Social Psychology, Anglia Ruskin University

    SvetlanaFedoseyeva/Shutterstock

    In the 1950s, the American psychologist Harry Harlow provided a stark demonstration of the importance of a mother’s touch. He famously – and controversially – showed that rhesus monkeys would rather cling to a surrogate “mother” made of soft cloth than one made of metal wire that provided milk. A loving touch seemed to be more important than food, Harlow concluded.

    Today, the importance of touch has become firmly embedded in infant care. For example, UNICEF and the NHS recommend skin-to-skin contact between a parent and newborn. This involves placing a newborn on a parent’s bare chest, both of them covered in a warm blanket, for at least an hour after birth or until after the first feed.

    In fact, feeling the power of touch begins long before a baby is even born. Touch is the first sense to develop. Just eight weeks after conception, a foetus already responds to the sensation of touch in the womb – and it is crucial for people of any age.

    By 14 weeks, twins have been observed on ultrasound sucking on each other’s fingers and exploring each other’s faces. And frame-by-frame analyses of ultrasound have shown that, by 20 weeks, foetuses respond to mothers touching their bellies.

    The benefits of parental touch become clear at birth. One review of 52 studies involving over 4,000 newborns found that touch interventions – such as skin-to-skin contact and baby massage – was associated with better newborn health, including better regulation of temperature, breathing and heart rate. The review also found that touch was more beneficial when it came from a parent compared to medical staff.

    Cuddle up, because there are other benefits of skin-to-skin contact. When a parent holds their baby in skin-to-skin contact after birth, it helps to calm the newborn and stimulates an interest in feeding. In the longer-term, daily skin-to-skin contact with infants improves sleep patterns and pain tolerance, supports healthy weight gain and continued breastfeeding and strengthens brain development.

    These benefits are also experienced by infants born prematurely. For example, one review of kangaroo care – skin-to-skin contact for premature or low birth-weight infants – found that it reduced the risk of death, infection and low body temperature, and improved weight gain and rates of breastfeeding.

    In both healthy and premature infants, skin-to-skin contact also triggers the release of the hormone oxytocin – the so-called “love hormone” – which encourages bonding between the parent and infant. Skin-to-skin contact also lowers levels of the hormone cortisol, which helps newborns to regulate levels of stress.

    In fact, the benefits of skin-to-skin contact are not exclusively experienced by the newborn. Studies have found that daily skin-to-skin contact with their babies can reduce symptoms of postpartum stress, depression and anxiety in mothers. And while most studies have focused on mothers, skin-to-skin contact also seems to reduce symptoms of depression and anxiety in fathers.

    While most of this research has focused the short-term outcomes of touch, scientists are also following infants over time to see what impact early touch has on long-term outcomes. For example, one study found that premature babies who received at least one hour of kangaroo care for two weeks had better mother-child interactions, sleep and brain development when they were ten years old.

    Another group of researchers followed infants and their mothers for a period of nine years. When they were only one-month-old, infants who had experienced skin-to-skin contact with their mothers already showed better emotional adjustment and attachment than infants who had no skin-to-skin contact.

    Nine years later, these children were also more willing and able to engage in emotive conversations with their mothers.

    Some of the effects of touch are more difficult to quantify. In the 1970s, for example, the psychiatrist Donald Winnicott described how a mother’s touch helps infants and young children to experience the body as “the place where one securely lives”. This idea seems to be supported by ethnographic records and anthropological studies of communities where infants are in close contact with a caregiver.

    For instance, in many communities – such as the Netsilik, !Kung, and Balinese – infants are pressed skin-to-skin with their mothers for much of the day. This means that infants are more likely to have their needs met quickly – being comforted when they cry or fed when they suckle – while also helping them develop a sensitivity to touch. These forms of “skinship” also help parents and their infants to develop deeper bonds through touch.

    While this research shows the benefits of touch in infancy, what about childhood? Studies of young children and adolescents have shown that touch – particularly caring touch like hugging from a parent or other caregivers, such as teachers – can support psychological development and wellbeing. For instance, touch can help children develop a sense of emotional security, belonging and feelings of support, especially in stressful situations.

    The anthropologist Marjorie Goodwin has described how “haptic rituals” – such as hugs between a parent and their child over the course of a day – can help the child feel loved and cared for.

    Regularly experiencing caring touch can also help children to develop their social interaction skills, including empathy toward others. Caring touch also reduces aggressive behaviour in adolescence.

    Unfortunately, even today, many parents hold on to old fashioned ideas – popularised by psychologists like John Watson – that they should avoid caring touch with their children, out of fear that hugging or cuddling will cause their children to become weak willed. The scientific evidence doesn’t support such ideas, so go hug your kids.

    Viren Swami 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. Skin-to-skin contact is good for your baby and you – and not just straight after birth – https://theconversation.com/skin-to-skin-contact-is-good-for-your-baby-and-you-and-not-just-straight-after-birth-248260

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: How people will be ringing in the year of the snake

    Source: The Conversation – UK – By Sijing Lu, Assistant Professor in Translation and Transcultural Studies, University of Warwick

    SeventyFour/Shutterstock

    Lunar new year is the most important traditional festival for the Chinese people, symbolising unity, prosperity and hope for the future. It is, however, celebrated all over Asia and in the diaspora.

    Unlike, the new year that is celebrated only on December 31 and January 1, lunar new year celebrations begin the month before and end days after the start of the new year.

    In the Chinese tradition, new year celebration begins on the eighth day of the 12th lunar month with the Laba festival (腊八节). On this day, it is customary to eat Laba congee, a porridge which is also known as “eight-treasure congee” because it’s often made with eight or more ingredients. This year the Laba festival fell on January 7.

    The biggest day in this period of celebration is, of course, new year, which this year falls on January 29.

    According to historical records, the Chinese people have been celebrating the lunar new year for over 4,000 years. Around 2,000BC, Shun, an ancient Chinese leader, ascended to the throne and led his followers in a worship ceremony to honour heaven and earth.

    This day was regarded as the beginning of the year, corresponding to the first day of the first lunar month. This event is believed to mark the origin of the lunar new year.

    During this festival, people typically express their hopes for prosperity and health in the coming year through family reunions and ancestor worship. Communities also host traditional activities to celebrate, such as lion dances, the giving of red envelopes, and putting up of spring couplets (pairs of poems written on red paper with black or gold characters), all of which symbolise good fortune and abundance.

    The traditional Chinese lunar new year reunion dinner includes many symbolic dishes. For example, eating fish represents abundance, dumplings symbolise reunion and wealth, and rice cakes signify progress and success.

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    But this day isn’t the end of celebrations. Instead, new year is celebrated up until the 15th day of the first lunar month when the lantern festival (元宵节) is celebrated. This festival coincides with the first full moon of the lunar year. On this day reconciliation, peace and forgiveness are sought.

    To celebrate, people will cover their houses with colourful lanterns, often with riddles written on them. Children will go out and try to solve these to win small gifts. There might be lion and dragon dances as well as parades and fireworks. People eat small glutinous rice balls, known as yuanxiao or tangyuan. The round shape symbolises wholeness and unity within the family.

    This year’s lantern festival – and the end of lunar new year celebrations – is on February 12. By this time, we will be well into 2025, which is the year of the snake.

    The year of the snake

    The year of the snake holds profound meaning and special significance in Chinese culture. The animal symbolises wisdom, spirituality, elegance and renewal.

    In Chinese traditions, the snake is also considered a “small dragon” and has a unique presence. Many scholars believe that the basic form of the dragon has evolved from the snake, with the snake’s body forming the main structure of the mythical beast.

    In ancient art, images of dragons and snakes often overlap, with motifs that appear simultaneously dragon-like and snake-like being very common.

    In ancient China, the snake was regarded as a mysterious and powerful creature. Its strong reproductive ability symbolised a continuous lineage and abundant offspring, while its ability to shed its skin and renew itself represented life and longevity. This process of renewal and rebirth highlighted the snake’s connection to cycles of growth and the passage of time.

    Beyond its physical traits, the snake was also revered for its intelligence and adaptability, often being portrayed as a creature of wisdom and strategy.

    These qualities have translated into cultural beliefs about people born in the year of the snake. For instance, for those born in this year, the snake’s flexibility and patience are seen as representing wisdom in problem-solving and overcoming challenges.

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

    – ref. How people will be ringing in the year of the snake – https://theconversation.com/how-people-will-be-ringing-in-the-year-of-the-snake-248468

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: Southport attacks: why the UK needs a unified approach to all violent attacks on the public

    Source: The Conversation – UK – By Barry Richards, Emeritus Professor of Political Psychology, Bournemouth University

    The conviction of Axel Rudakubana for the murder of three young girls in Southport has prompted many questions about how the UK handles violence without a clear ideological motive. This case has also shown up the confusion in this area, and made clear the need for a basic reframing of how we understand murderous violence against the public today.

    The home secretary may be right to keep Prevent focused on violent Islamist and extreme right-wing terror. Yet there needs to be a complementary but distinct strategy to protect against another Southport-style attacker.

    The prime minister, Keir Starmer, has come rather late to his observation that the nature of terrorism has changed. Over four years ago it was becoming clear that the “terrorist” threat was increasingly coming from those with no clear and consistent attachment to any specific ideology, let alone any terrorist organisation.

    This is borne out in the latest data on referrals to the Prevent counter-terrorism scheme. “Mixed, unstable and unclear” ideologies – when added to school massacre fixations and incel cases – outrank both extreme right-wing and Islamist categories.

    Rudakubana had an al-Qaida-linked document in his possession, and had claimed to be a victim of racism. But overall his motive was not at all ideological, but is to be found in his mental ill-health.

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    All the evidence presents him as a profoundly damaged individual who harboured an overwhelming need to inflict deathly violence, unconnected with any political aim. His choice of young children as victims is probably also of psychological significance.

    Thus it may not be quite right to say, as the home secretary Yvette Cooper and others have, that Prevent “failed”. A cluster of agencies do seem collectively to have failed here. But Prevent was not designed to deal with apolitical and apparently random attacks on people unknown to the perpetrator.

    What has failed is the conceptual frame underlying the UK’s counter-terrorism approach, which sees terrorism simply as an ideologically-driven response to the world. This understands it as basically different from attacks which are apparently not ideologically-driven, and so are seen as more idiosyncratic and psychological, like school massacres (though these have come to fall within Prevent’s remit).

    Internal drivers of violence

    However, it is also true that many of those who do have conventional terrorist aims are also driven by forces in their internal worlds.

    While often not given a psychiatric diagnosis, many people who have carried out attacks appear to have been emotionally dysfunctional. Evidence for this goes back at least as far as 9/11, to the personality of the ringleader Mohamed Atta. It has since been accumulating in what is known of many convicted attackers, including those with lengthy ideological rationales, such as Anders Breivik.

    The emergence of “incel” terror has further blurred the distinction between those with an apparent ideological rationale and those with obvious psychological problems.

    At the psychological level, there is no clear separation between lone actor ideological attackers and those who are supposedly non-ideological. Common to all is some disturbance within the self, one requiring the enactment of lethal violence.

    Ironically, the clear presence of psychological factors can also be seen – at a different level – in some of the people involved in the violent riots which occurred in response to the Southport murders. These were, in considerable part, the creation of online agitators, extreme right-wing activists and their bussed-in followers.

    But some who took part were more casual joiners of the riots. These were people of no fixed ideological abode who were drawn by the excitement of the occasion and the opportunity to attack the police and other symbols of social order. The same psychological motive may be attributed to the “Maga tourist” element among the January 2021 invaders of the Capitol building in Washington DC.

    Protecting the public

    Such problems of group-based violence in public spaces may be amenable to primarily political and policy solutions (albeit very difficult ones to achieve). However, individuals who may suddenly erupt into violence, ideological or not, are even more difficult to identify, assess, monitor and contain.

    The first step towards better protecting the public should be to recognise the psychological drivers of all such attacks. These include a preoccupation with grievance, often linked to a powerful sense of humiliation and psychological defences against that. For example, the hypermasculinity and fantasied omnipotence of Islamic State.

    It is necessary, for various reasons, to retain the legal category of terrorist attacks. But it should be a subcategory of a more inclusive approach that covers all violent attacks on the public.

    Where there is little or no consistent ideological element, the term terrorism, which has political connotations, should not be employed. Violence that doesn’t aim to promote a political objective would be better described as the infliction of terror on innocent members of the public, as a form of revenge upon the world or as an expression of hatred. Other political terms such as “radicalisation” and “extremism” may also be inappropriate or confusing when applied to such cases.

    A conceptual framework which makes that distinction, while also recognising the common psychological ground of the draw towards violence, would allow for more effective interventions.

    Prevent could continue its work (with much-needed improvements) to minimise ideologically rationalised attacks. But it would be coordinated with a complementary national agency that oversees and supports local services in identifying and managing people like Rudakubana. The face-to-face client work of both prongs would be guided and overseen by forensic psychiatrists and psychotherapists.

    There will be more people in both sub-categories coming along with very weak control of their violent impulses. They will need skilful management that understands the drivers of profound disturbance.

    Barry Richards 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. Southport attacks: why the UK needs a unified approach to all violent attacks on the public – https://theconversation.com/southport-attacks-why-the-uk-needs-a-unified-approach-to-all-violent-attacks-on-the-public-248185

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: The US stock market does better under Democrat presidents than Republicans – here’s what the data shows

    Source: The Conversation – UK – By Paul Whiteley, Professor, Department of Government, University of Essex

    The US has been experiencing a long “bull” stock market, that is rapid growth in stock prices, although this week tech stocks tumbled over the future prospects for US-built AI.

    But could the market hit a significant downturn during Trump’s second term in the White House? At first sight this seems unlikely because it did well during his first term, from 2016 to 2020 (see chart below). However, long term trends in the US stock market reveal a pattern suggesting that stock prices might be quite vulnerable during his second term.

    The Nobel prize-winning economist, Robert Shiller, who studies financial markets thinks that the US stock market has peaked, and future returns will be much more modest than in recent history although he does not suggest that a crash is on the horizon.

    The market under different presidents

    Shiller’s data makes it possible to look at the relationship between who is the president and stock prices since 1925. By examining the performance of the stock market over that period we can identify the extent to which eight Democrat and nine Republican presidents have influenced the growth of the market.

    Changes in stock prices during Republican presidents 1925 to 2024:

    The chart shows the percentage changes in the Standard and Poor’s monthly stock price index (which gives a snapshot of the market), corrected for inflation, during the incumbencies of Republican presidents since January 1925.

    The average increase in stock prices for Republican presidents was 25%. But the thing that stands out in the chart is that three major crashes in the stock market also took place under these Republicans incumbents.

    The first of these, known as the Wall Street Crash, occurred on October 28 1929 when Herbert Hoover was president. This was the trigger event for the Great Depression of the 1930s and resulted in a fall of 64% in the stock market during his presidency.

    His reaction to the crash (when share values fell dramatically) was to do nothing in the belief that the economy would eventually recover on its own. This cost him the 1932 presidential election when Democrat Franklin D. Roosevelt was elected for the first time. He was subsequently elected a record four times, thanks to his New Deal policies for dealing with the crisis.



    Read more:
    DeepSeek: how a small Chinese AI company is shaking up US tech heavyweights

    The second crash occurred during Richard Nixon’s incumbency. He would have been impeached by Congress had he not resigned in August 1974 following the revelations of the Watergate scandal.

    This occurred when the White House employed burglars to break into the Democrat party headquarters in the Watergate building in Washington DC. Once Nixon’s attempt to spy on his opponents became public he was forced to resign and overall the stock market fell by 47% during his incumbency.

    The third crash occurred in December 2007 when George W Bush was the president. It had its origins in the deregulation of the financial sector which had occurred in the US after Ronald Reagan became president in 1980. Lax financial regulations led to ever increasingly risky assets and trading practices on Wall Street starting in the real estate market.

    US stock market opens.

    The crisis spread rapidly throughout the world’s financial system and a recession of the scale of the 1930s was only averted by prompt action by the Federal Reserve chairman, Ben Bernanke, who worked with political leaders in other countries such as UK prime minister Gordon Brown to stabilise the system. The stock market fell by 45% during Bush’s period of office.

    Many factors are at work to explain this, but the overriding fact is that Republicans are less likely to regulate the financial sector, or across the board, than Democrats. Their voters are more likely to be optimistic about the prospects for the economy, and therefore to take risks when investing in the stock market, when a Republican is in the White House.

    Changes in stock prices during Democratic presidents 1925 to 2024:

    The second chart shows changes in stock prices during the incumbencies of eight Democratic presidents during this period. It is very different from the Republican chart, since, of those presidents shown, only Jimmy Carter left office with the stock market lower than when he arrived, and that by a modest 13%.

    Bill Clinton was the most successful president, achieving an increase of 151% during his two terms in the White House. Overall, the stock market rose by an average of 51% during Democrat incumbencies, more than twice the size of the Republican increases.

    These results are surprising given that the Republicans are the traditional party of big business and so might be expected to be good for the stock market.

    Donald Trump has promised to increase tariffs on imports from the rest of the world, particularly those from China. In addition, there is a burgeoning budget deficit caused by the gap between spending and taxation.

    Most economists think these policies will create inflation and slow growth.

    Many investors are currently quite nervous about a possible recession after the long bull market of the last few years. The drop in the price of tech stocks this week confirms this. One effect of this has been to cause a rise in yields on US Treasury long-term bonds, reflecting fears of further inflation.

    Recent comparative research shows that countries can pay a high price for populist economic policies. So, it would be well worth Trump studying the history of US stock markets rises and falls, if he wants to avoid a severe economic downturn during his second term.

    Paul Whiteley has received funding from the British Academy and the ESRC.

    – ref. The US stock market does better under Democrat presidents than Republicans – here’s what the data shows – https://theconversation.com/the-us-stock-market-does-better-under-democrat-presidents-than-republicans-heres-what-the-data-shows-246652

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: What the looming federal election could mean for the Bank of Canada’s independence

    Source: The Conversation – Canada – By Andrew Allison, Philosophy PhD Student, University of Calgary

    The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures.

    However, a clear division between central bank and government could be tested with Mark Carney, former governor of both the Bank of Canada and the Bank of England who’s running for leadership of the Liberal Party and, in turn, the role of prime minister.



    Read more:
    Mark Carney might have the edge as potential Liberal leader, but still faces major obstacles

    His bid raises concerns about how central bank independence might be perceived under a Carney-led government. Could his tenure as a central banker result in the Bank of Canada’s independence being clawed back? After all, he has demonstrated his ability to manage monetary policy at the highest levels.

    The answer, if we want to preserve the economic benefits of central bank independence, is clear: the Bank of Canada’s independence must be preserved. And Carney, who has championed the importance of politically neutral monetary policy, would likely agree.

    Incentives, not ignorance

    The idea that central banks should operate independently of the democratic process is a widely held view among economists and central bankers. This is largely because there is an extremely low likelihood of elected officials committing to implement monetary policy that produces low inflation and stable prices.

    If elected officials controlled monetary policy, incumbent governments would be tempted to “juice” the economy with “loose money” by reducing the interest rates right before elections.

    In the short run, this would reduce unemployment, raise wages and potentially boost the chances of incumbent governments being re-elected. But, in the long run, citizens would pay the price in the form of inflation.

    With repeated political interference, market entities would no longer react to injections of loose-money by investing in capital and labour and low interest rates would no longer produce the desired short-term benefits of more jobs and higher wages. But inflation would still persist. As economist Garrett Jones puts it, it would be “all hangover, no buzz.”

    Empirical evidence bears this out. Central banks that with greater independence tend to have more price stability and less inflation.

    This is why governments delegate monetary policy to independent central banks. Central bankers are able to implement monetary policy without the temptation to manipulate the economy for electoral gain.

    It’s worth noting that the need for central bank independence is not exclusively due to politicians’ ignorance about managing monetary policy. Rather, it’s because the electoral incentives they face prevents them from being trusted to pull the levers of monetary power effectively.

    This principle applies even to someone like Carney. If he were to become prime minister, he would face the same incentives as all other incumbent governments. Despite his expertise, he would still need independent central bankers to ensure monetary policy remains insulated from the political cycle.

    Central bank independence in Canada

    Central bank independence is not a binary, but exists on a spectrum. When studying the effects of independence, central banks are usually scored on a number of indicators, including whether central bankers can be fired by elected officials, how long central bankers’ terms are, and the extent to which they can be instructed by democratically elected bodies.

    Widespread support for central bank independence among economists only began in the mid-1980s. Prior to that, central banks often gained their independence due to political and legal circumstances, rather then a deliberate attempt to adhere to a principle of independence. Both the Federal Reserve and the Bank of Canada have this in common.

    The independence of the Bank of Canada had a tumultuous 25 years after its establishment in 1935. When pressed, finance ministers could not answer whether they or the Bank of Canada were ultimately responsible for the country’s monetary policy, often giving conflicting answers.

    It would not be until 1961 that this uncertainty would come to a head during the Coyne Affair. Prime Minister John Diefenbaker wanted James Coyne, governor of the Bank of Canada at the time, fired for embarrassing his government and taking a hefty pension. The House of Commons passed a one-line bill that fired Coyne, but the Senate refused to pass it. Coyne resigned the next day.

    After the Coyne Affair, central bank independence grew into the de facto status quo. In 1985, the Bank of Canada Act was passed, setting some limits on the power of the governor and their responsibility to the finance minister. As a result, Canada’s central bank independence falls somewhere in the middle of the spectrum compared to other wealthy, western nations.

    Carney on central bank independence

    In 2022, Conservative Party leader Pierre Poilievre threatened to fire the governor of the Bank of Canada, Tiff Macklem, if he became prime minister.

    While the Bank of Canada Act does permit this through a formal procedure, setting the precedent that cabinets can and will fire governors could undermine central bank independence. It would risk making central bankers more beholden to the political aims of incumbent governments and more likely to produce inflationary monetary policy.

    Compared to Poilievre, Carney is the conservative choice, likely aiming to maintain the status quo by leaving central bankers alone. During and after his time as a central banker, Carney has favoured central bank independence. And, as it stands, it doesn’t appear that he’s changed his mind now that he’s running for Liberal leader.

    So, what would a Carney government mean for the Bank of Canada’s independence? Likely, not much — and from a monetary economic perspective, that’s a good thing. Preserving the status quo would ensure the Bank of Canada remains insulated from political interference, allowing it to focus on long-term price stability.

    Andrew Allison receives funding from the Social Sciences and Humanities Research Council.

    – ref. What the looming federal election could mean for the Bank of Canada’s independence – https://theconversation.com/what-the-looming-federal-election-could-mean-for-the-bank-of-canadas-independence-247886

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI United Nations: Israel UNRWA ban will undermine Gaza ceasefire, Security Council hears

    Source: United Nations 4

    28 January 2025 Peace and Security

    The implementation of new laws banning the UN Palestine refugee agency, UNRWA – set to take effect on Thursday – will heighten instability and deepen despair in the occupied Palestinian territory, the Security Council has heard.

    Briefing ambassadors in New York on Tuesday, UNRWA Commissioner-General Philippe Lazzarini warned that the laws passed in October last year jeopardize the lives of millions of Palestinians and risks undermining the fragile ceasefire in Gaza.

    They require that UNRWA cease its activities in the territory of the State of Israel – including the occupied West Bank, Gaza and East Jerusalem as the Knesset defines it, in defiance of international law – as well as restricting any Government contacts with the agency or anyone acting on its behalf.

    “Curtailing our operations now – outside a political process, and when trust in the international community is so low – will undermine the ceasefire. It will sabotage Gaza’s recovery and political transition,” Mr. Lazzarini said.

    He called for a “decisive intervention” by Council to support peace and stability in the occupied Palestinian territory and the broader region.

    Disastrous consequences

    Mr. Lazzarini further stressed that the full implementation of the Knesset legislation will be “disastrous”.

    In Gaza, undermining UNRWA’s operations would compromise the international humanitarian response, he said, adding that it would also degrade the capacity of the United Nations just when humanitarian assistance must be scaled up.

    “This will only worsen the already catastrophic living conditions of millions of Palestinians.”

    UN Photo/Manuel Elías

    Philippe Lazzarini, Commissioner-General of UNRWA, briefs the Security Council.

    Unique role

    UNRWA was established by the UN General Assembly to provide humanitarian and other essential services to Palestine refugees until a political solution is reached. Read our explainer on how the Gaza war has impacted UNRWA services, here.

    Mr. Lazzarini emphasised that its work cannot simply be transferred to other entities, as its scale and trusted relationship with communities are unmatched.

    “The Agency’s mere presence brings stability amid profound uncertainty,” he said. “Undermining UNRWA will sabotage Gaza’s recovery and any prospects for peace.”

    In East Jerusalem, where the Knesset legislation calls for the immediate expulsion of UNRWA, 70,000 patients and 1,000 students will lose access to health and education services.

    Mr. Lazzarini also noted that the legislation coincides with plans to expand illegal settlements on the land currently used by the Agency.

    Financial and political challenges

    Compounding these threats are severe financial constraints, with key donors reducing or suspending contributions.

    Mr. Lazzarini appealed for urgent funding to sustain UNRWA’s operations, warning that its lifesaving work could abruptly end without sufficient resources.

    He also highlighted a disinformation campaign spearheaded by Israeli authorities that falsely accuses the Agency of supporting terrorism. Such propaganda, he said, undermines UNRWA’s neutrality and puts its staff at risk.

    Call to action

    In conclusion, Mr. Lazzarini urged Security Council members to push back against the Knesset legislation, ensure continued funding for UNRWA, and advocate for a genuine political pathway to address the plight of Palestine refugees.

    “UNRWA was always meant to be temporary,” he said.

    “A fair and lasting political solution would allow the Agency to conclude its mandate, ensuring that its vital services are handed over to a functioning Palestinian state.”

    More updates to come…

    MIL OSI United Nations News –

    January 29, 2025

  • MIL-OSI Economics: Microsoft is celebrating its 50-year anniversary. Check out our press pack, history timeline and more

    Source: Microsoft

    Headline: Microsoft is celebrating its 50-year anniversary. Check out our press pack, history timeline and more

    Frequently asked questions

    How is the company celebrating its 50th anniversary? 

    Microsoft is commemorating our 50-year anniversary by celebrating the achievements of our employees, customers, and partners that have dreamt, built, and used Microsoft technology as a force for good, while also looking ahead to the future. 

    Microsoft recognizes that our success and growth globally would not have been possible without the support of the place we call home, the Puget Sound. We are honoring and awarding 50 local changemakers with $50,000 grants each to support the important work they do to address the needs of the region. Read more about the One Future, One Sound initiative. 

    What were Microsoft’s biggest accomplishments over the last 50 years? 

    Over the past five decades, Microsoft has driven innovation that has transformed the way that society uses technology both at work and at home, from revolutionizing personal computing with MS-DOS and Windows, and bringing the joy and community of gaming to everyone on the planet with Xbox, to driving the future of cloud computing with Azure, and AI transformation with Copilot and our AI platform. We are proud of our employees, past and present, who have seized the opportunity to reinvent our company as tech paradigms shift, to stay relevant and earn the trust of our customers and partners. 

    For more information on the company’s key milestones, explore this timeline of Microsoft’s journey. 

    How has the company’s mission evolved? 

    The heart of Microsoft’s mission has always been about empowering people through technology, and this will continue as we look to the future.  

    In its beginnings, Bill Gates and Paul Allen articulated an ambitious vision for Microsoft and the industry, “a computer on every desk and in every home.” In 2002, the mission changed “to enable people and businesses throughout the world to realize their full potential,” which was later expanded to include creating technology that transforms the way people learn, work, play, and communicate. In 2015, CEO Satya Nadella evolved Microsoft’s mission “to empower every person and every organization on the planet to achieve more.” 

    What has Microsoft learned over the past 50 years that drives the company today? 

    As a platform company, we’ve learned that we do well when the world does well. That is embodied in our mission, our business model, our practices and our culture. Our cultural journey is ongoing and adaptive, and over the last decade, we’ve grounded ourselves in a Growth Mindset culture. Internally, this has helped our employees embrace challenges, be curious, learn from failures, and continuously seek improvement. Externally, this cultural transformation has enabled Microsoft to better understand and meet our customers’ needs and work to earn their trust every day. 

    We also believe deeply in the power of partnership and that no one person, company, or government can solve the world’s problems alone. This insight drives Microsoft’s approach to partnerships, collaboration, openness, and transparency, rooted in bringing people and organizations together to tackle challenges.  

    What is Microsoft focused on for the next 50 years? 

    As we look to the future, our mission remains to empower every person and organization, and our success hinges on how we harness AI and other technologies to amplify human achievement and create positive change for society.  

    The innovations we’re developing today will define the next five decades. And we remain focused on translating innovation into enduring value for our customers.   

    We are also recommitting ourselves to the framework that has made us successful – investing in our people, living up to our mission, earning the trust of our customers and the countries we operate in, innovating responsibly, prioritizing fundamentals with security above all else, and building products where the world can benefit.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: The value of AI: How Microsoft’s customers and partners are reinventing how they do business today

    Source: Microsoft

    Headline: The value of AI: How Microsoft’s customers and partners are reinventing how they do business today

    Organizational leaders in every industry around the world are evaluating ways AI can unlock opportunities, drive pragmatic innovation and yield value across their business. At Microsoft, we are dedicated to helping our customers accelerate AI Transformation by empowering human ambition with Copilots and agents, developing differentiated AI solutions and building scalable cybersecurity foundations. At Microsoft Ignite we made over 100 announcements that bring the latest innovation directly to our customers and partners, and shared how Microsoft is the only technology leader to offer three distinct AI platforms for them to build AI solutions:

    1. Copilot is your UI for AI, with Copilot Studio enabling low-code creation of agents and extensibility to your data.
    2. Azure AI Foundry is the only AI app server for building real-world, world-class, AI-native applications.
    3. Microsoft Fabric is the AI data platform that provides one common way to reason over your data —no matter where it lives.

    All three of these platforms are open and work synchronously to enable the development of modern AI solutions; and each is surrounded by our world-class security offerings so leaders can move their AI-first strategies forward with confidence.

    As we look ahead to what we can achieve together, I remain inspired by the work we are doing today. Below are a handful of the many stories from the past quarter highlighting the differentiated AI solutions our customers and partners are driving to move business forward across industries and realize pragmatic value. Their success clearly illustrates that real results can be harnessed from AI today, and it is changing the way organizations do business.

    To power its industrial IoT and AI platform, ABB Group leveraged Microsoft Azure OpenAI Service to create Genix Copilot: a generative AI-powered analytics suite aimed at solving some of the most complex industrial problems. The solution helps customers analyze key functions in their operations —such as asset and process performance, energy optimization and emission monitoring — with real-time operational insights. As a result, customers are seeing up to 35% savings in operations and maintenance, and up to 20% improvement in energy and emission optimization. ABB also saw an 80% decrease in service calls with the self-service capabilities of Genix Copilot.

    Serving government healthcare agencies across the US, Acentra Health turned to Microsoft to help introduce the latest AI capabilities that maximize talent and cut costs in a secure, HIPAA-compliant manner. Using Azure OpenAI Service, the company developed MedScribe — an AI-powered tool reducing the time specially trained nursing staff spend on appeal determination letters. This innovation saved 11,000 nursing hours and nearly $800,000, reducing time spent on each appeal determination letter by about 50%. MedScribe also significantly enhanced operational efficiency, enabling nurses to process 20 to 30 letters daily with a 99% approval rate.

    To ease challenges for small farmers, Romanian agribusiness group Agricover revolutionized access to credit by developing MyAgricover. Built with help from partner Avaelgo, the scalable digital platform utilizes Microsoft Azure, Azure API Management and Microsoft Fabric to automate the loan process and enable faster approvals and disbursements. This has empowered small farmers to grow their businesses and receive faster access to financing by reducing loan approval time by 90 percent — from 10 working days to a maximum of 24 hours.

    Building on its status as a world-class airline with a strong Indian identity, Air India sought ways to enhance customer support while managing costs. By developing AI.g, one of the industry’s first generative AI virtual assistants built on Azure OpenAI Service, the airline upgraded the customer experience. Today, 97% of customer queries are handled with full automation, resulting in millions of dollars of support costs saved and improved customer satisfaction — further positioning the airline for continued growth.

    BMW Group aimed to enhance data delivery efficiency and improve vehicle development and prototyping cycles by implementing a Mobile Data Recorder (MDR) solution with Azure App Service, Azure AI and Azure Kubernetes Service (AKS). The solution achieved 10 times more efficient data delivery, significantly improved data accessibility and elevated overall development quality. The MDR monitors and records more than 10,000 signals twice per second in every vehicle of BMW’s fleet of 3,500 development cars and transmits data within seconds to a centralized cloud back end. Using Azure AI Foundry and Azure OpenAI Service, BMW Group created an MDR copilot fueled by GPT-4o. Engineers can now chat with the interface using natural language, and the MDR copilot converts the conversations into KQL queries, simplifying access to technical insights. Moving from on-premises tools to a cloud-based system with faster data management also helps engineers troubleshoot in real time. The vehicle data covered by the system has doubled, and data delivery and analysis happen 10 times faster.

    Coles Group modernized its logistics and administrative applications using Microsoft Azure Stack HCI to scale its edge AI capabilities and improve efficiency and customer experience across its 1,800 stores. By expanding its Azure Stack HCI footprint from two stores to over 500, Coles achieved a six-fold increase in the pace of application deployment, significantly enhancing operational efficiency and enabling rapid innovation without disrupting workloads. The retailer is also using Azure Machine Learning to train and develop edge AI models, speeding up data annotation time for training models by 50%.

    Multinational advertising and media company Dentsu wanted to speed time to insights for its team of data scientists and media analysts to support its media planning and budget optimization. Using Microsoft Azure AI Foundry and Azure OpenAI Service, Dentsu developers built a predictive analytics copilot that uses conversational chat and draws on deep expertise in media forecasting, budgeting and optimization. This AI-driven tool has reduced time to media insights for employees and clients by 90% and cut analysis costs.

    To overcome the limitations of its current systems, scale operations and automate processes across millions of workflows, Docusign created the Intelligent Agreement Management (IAM) platform on Azure. Using Azure AI, Azure Cosmos DB, Azure Logic Apps and AKS, the platform transforms agreement data into actionable insights to enhance productivity and accelerate contract review cycles. IAM also ensures better collaboration and unification across business systems to provide secure solutions tailored to diverse customer needs. For example, its customer KPC Private funds reported a 70% reduction in time and resources dedicated to agreement processes.

    Emirates Global Aluminium (EGA) transformed its manufacturing operations by leveraging a hybrid environment with Azure Arc, Azure Stack HCI and Azure Kubernetes Service. This digital manufacturing platform resulted in 86% cost savings for AI image and video analytics and a 13-fold improvement in AI response times. The seamless hybrid cloud architecture has enhanced EGA’s operational efficiency and agility, supporting its Industry 4.0 transformation strategy.

    EY collaborated with Microsoft to enhance the inclusivity of AI development using Azure AI Studio. By involving neurodivergent technologists from EY’s Neuro-Diverse Centers of Excellence, they improved the accessibility and productivity of AI tools, resulting in more inclusive AI solutions, fostering innovation and ensuring that AI tools unlock the potential of all users. With an estimated 20% of the global workforce identifying as neurodivergent, inclusive AI solutions are crucial for maximizing creativity and productivity. Neurodivergent EY technologists also collaborated with Microsoft developers to make Azure AI Foundry more inclusive and help all users work productively to create innovative AI solutions.

    Colombian household appliance manufacturer Haceb integrated AI to optimize processes, reduce costs and improve service quality. Using Microsoft Copilot Studio and Azure OpenAI Service, the company created a virtual technical support assistant, saving its 245 technicians 5 minutes per visit — a total of 5,000 minutes saved daily. This AI solution has enhanced efficiency and boosted customer satisfaction by allowing for faster issue resolution. Haceb’s AI adoption has also empowered employees, boosted productivity and positioned the company as a leader in AI innovation in Colombia.

    To better serve its global patients, Operation Smile — in collaboration with partner Squadra — leveraged Azure AI, Machine Learning and Microsoft Fabric to develop an AI-powered solution to predict surgical outcomes and optimize resource allocation. This innovation resulted in a 30% increase in surgical efficiency, a 90% reduction in translation errors and improved patient outcomes. Additionally, report generation is now up to 95% quicker, and repeated medical events have decreased by 15%, enabling Operation Smile to provide better care to more children worldwide.

    Ontada — a McKesson business dedicated to oncology data and evidence, clinical education and point-of-care technologies — needed a way to generate key insights across 150 million unstructured oncology documents. Using Microsoft Azure AI and Azure OpenAI Service, Ontada developed a data platform solution called ON.Genuity to provide AI-driven insights into the patient journey, enhance patient trial matching and identify care gaps. The company also implemented large language models to target nearly 100 critical oncology data elements across 39 cancer types, enabling the company to analyze an estimated 70% of previously inaccessible data, reduce processing time by 75% and accelerate product time-to-market from months to just one week.

    As the UK’s largest pet care company, Pets at Home sought a way to combat fraud across its retail operations — particularly as its online business continued to grow. Working closely with its fraud team, it adopted Copilot Studio to develop an AI agent that quickly identifies suspicious transactions. The agent autonomously gathers relevant information, performs analysis and shares it with a fraud agent to enable a manual, data-intensive investigative process while ensuring a human remains in the loop. With this low-code agent extending and seamlessly integrating into existing systems, the company’s fraud department can act more quickly; what used to take 20 to 30 minutes is now handled by the AI agent within seconds. The company is identifying fraud 10 times faster and is processing 20 times more cases a day. Now, the company can operate at scale with speed, efficiency and accuracy — with savings expected to be in the seven figures as it continues to build more agents.

    Revenue Grid, a technology company specializing in sales engagement and revenue optimization solutions, partnered with Cloud Services to modernize its data infrastructure and develop a unified data warehouse capable of handling unstructured, semi-structured and structured data. By migrating to Microsoft Fabric, Revenue Grid can now deliver data-powered revenue intelligence, driven by a unified platform, elastic scalability, enhanced analytics capabilities and streamlined operations. Revenue Grid has reduced infrastructure costs by 60% while enhancing its analytical capabilities to improve real-time data processing, empowering sales teams with accurate and diverse data. 

    To better manage and integrate employee data across diverse regions and systems, UST built a comprehensive Employee Data platform on Microsoft Fabric. In under a year, UST migrated 20 years of employee data with all security measures to enhance data accessibility and employee productivity. The Meta Data Driven Integration (MDDI) framework in Fabric also helped the company cut data ingestion time by 50% so employees can focus more on analysis than preparation. As a result of this implementation, the company has seen an increase in collaboration and innovation from employees, helping put its values into action.

    The Microsoft Commercial Marketplace offers millions of customers worldwide a convenient place to find, try and buy software and services across 140 countries. As a Marketplace partner, WeTransact is helping independent software vendors (ISVs) list and transact their software solutions — and find opportunities for co-selling and extending their reach to enterprise customers through development of the WeTransact platform. Powered by Azure OpenAI Service, the platform is changing the way partnerships are being built by using AI pairing to facilitate a “plug and play” reseller network. More than 300 ISVs worldwide have joined the Microsoft Commercial Marketplace using the WeTransact platform, cutting their time to publish by 75%.

    The opportunity for AI to create value is no longer an ambition for the future — it is happening now, and organizational leaders across industries are investing in AI-first strategies to change the way they do business. We believe AI should empower human achievement and enrich the lives of employees; and we are uniquely differentiated to help you accelerate your AI Transformation responsibly and securely. Choosing the right technology provider comes down to trust, and I look forward to what we will achieve together as we partner with you on your AI journey.

    Tags: AI, Azure, Azure AI, Azure AI Foundry, Azure AI Studio, Azure Arc, Azure OpenAI Service, Azure Stack HCI, Copilot, Copilot Studio, Microsoft Fabric, Microsoft Ignite 2024

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Africa: Revisiting the Africa-Paris Declaration: Progress, Challenges and the Road Ahead for African Energy

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

    PARIS, France, January 28, 2025/APO Group/ —

    The Africa-Paris Declaration, forged during the 2024 Invest in African Energy (IAE) Forum in Paris, was a pivotal moment in Africa’s quest for sustainable energy solutions. Aimed at strengthening the continent’s energy transition while addressing the urgent issue of energy poverty, the declaration set ambitious targets for expanding access to clean, affordable and reliable energy. With the 2025 edition of the forum approaching, now is the time to reflect on the progress made since the Africa-Paris Declaration and assess how these initiatives are shaping Africa’s energy future.

    Increased Engagement in Africa

    In the months following the declaration, international investors, development banks and private equity firms have shown a steadfast interest in the African energy market. A key milestone was the launch of the Africa Energy Bank by the African Export-Import Bank and APPO, marking the creation of a first-of-its-kind institution designed to fund and facilitate energy initiatives across the continent. Several final investment decisions were successfully closed, including Shell’s $5.5 billion Bonga North deepwater project. Additionally, strategic partnerships, including new PSCs signed by Panoro Energy in Equatorial Guinea and BW Energy in Gabon, highlight how international collaborations are accelerating energy development and creating new opportunities for exploration and production. This increased engagement is key to addressing the financing gap that has long hindered the growth of Africa’s energy sector.

    Natural gas continues to play a central role in Africa’s energy strategy as a transitional fuel. The Africa-Paris Declaration underscored its importance as a bridge between traditional energy sources and renewable energy. Over the past year, significant strides have been made in natural gas exploration and LNG exports. Notable developments include Senegal’s Greater Tortue Ahmeyim LNG reaching its first gas production, the Republic of Congo’s first LNG exports to Italy from the Congo LNG project, Nigeria’s UTM FLNG receiving its construction license, and Angola’s Sanha Lean Gas Connection project achieving first gas, among others. These initiatives are not only crucial for advancing Africa’s energy transition, but also serve as powerful drivers of economic growth by creating jobs and advancing infrastructure development.

    Meanwhile, countries like South Africa, Egypt and Morocco are at the forefront of wind and solar energy development, with momentum expected to build as they meet renewable energy targets and explore new growth opportunities. These investments are driving a shift toward cleaner, more sustainable energy in Africa, though challenges remain. High costs of renewable technologies and insufficient grid infrastructure continue to hinder expansion, underscoring the need for more investment in off-grid and mini-grid solutions.

    Investment Gaps Persist 

    Despite these advancements, Africa still faces significant investment challenges. The financing gap for large-scale energy projects remains substantial and while the private sector has become more engaged, many projects still struggle to secure the necessary capital. In particular, the cost of financing remains high due to the perceived risks associated with energy investments in Africa. This is where continued efforts to de-risk investments and foster public-private partnerships are critical to unlocking the continent’s full energy potential. Institutional capacity continues to be a challenge for many African countries. While progress has been made in improving regulatory frameworks, there is still a need for clearer policies, streamlined permitting processes and better enforcement of regulations. Governments must continue to strengthen their institutions to effectively implement energy projects and create an enabling environment for both local and international investors.

    With the IAE 2025 forum just months away, industry stakeholders have an opportunity to reflect on the progress made since the Africa-Paris Declaration and determine next steps for the continent’s energy future. The forum serves as a platform for government officials, industry leaders and financial institutions to renew commitments, share success stories and address ongoing challenges. While the road to universal energy access and a sustainable energy future is long, the declaration has set the framework for a collective effort that can lead to meaningful change. With the right investments, regulatory frameworks and political will, Africa can emerge as a global leader in energy innovation and sustainability.

    MIL OSI Africa –

    January 29, 2025

  • MIL-OSI Global: Why not all plans for a four-day working week would be a win for health

    Source: The Conversation – UK – By Anne Skeldon, Professor of Mathematics, Head of School, School of Mathematics & Physics, University of Surrey

    Dusan Petkovic/Shutterstock

    The right to request a short working week, with four longer “shifts” and three days off is being proposed as part of new flexible working legislation in the UK. Also known as working “compressed hours”, this schedule can sound attractive, with reports claiming improved efficiency and productivity. And, of course, no pay cut for workers.

    It could result in fewer commutes, which saves time for workers and can be more environmentally friendly. And it could provide more flexibility for workers with childcare or care for other dependants, for example.

    But there could be negative consequences to squeezing typical workloads into fewer days. Under these plans, there is no suggestion that by compressing the working week, people will work fewer hours.

    Compressed hours mean that, instead of working 7.5 hours a day for five days, you would work 9.4 hours per day for four days – putting in almost two hours more work every working day. There is strong evidence that longer work hours result in more errors and accidents. Long work hours are also linked to poorer decision-making and make it more likely people will have an accident on their drive home.

    For example, it has long been understood that working longer shifts increases the risk of workplace accident and injuries. The risk of a workplace accident is on average 13% higher for a ten-hour shift than an eight-hour shift.

    Accident risk remains more or less constant for the first eight or so hours of work but then rises rapidly, so that the risk of an accident in the tenth hour of work is 90% higher than in the first eight hours.

    To function effectively and safely at work relies on sufficient sleep, ideally at the right time of day and in a regular pattern. This is based on fundamental physiological factors that cannot be changed by training, motivation or professionalism.

    Getting into sleep debt

    These factors that determine our ability to function are driven by time of day, how long we have been awake and accumulated sleep debt. For example, humans are sleepier during the night than the day, and it can take between two and four hours after waking to achieve full alertness.

    What’s more, our ability to function decreases rapidly after we have been awake for 16 hours, and especially so at night.

    But what are the health consequences of a compressed hours schedule? It is already commonplace for people to have shorter periods of sleep during the working week and then try to catch up with sleep at the weekend, with mixed results.

    If people work compressed hours, then on working days they have to fit in two extra hours of work but still carry out all the other activities in their daily lives. They still need to wash, eat, communicate, provide care for children and others.

    So there’s a real chance that compressed hours then also lead to “compressed sleep” and accentuate irregular patterns of rest or chronic sleep debt. Irregular or insufficient sleep is increasingly associated with a higher risk of diabetes, cardiovascular disease, obesity, certain cancers and dementia – the leading causes of mortality in wealthy nations. In 2017, the economic cost of insufficient sleep in the UK alone was estimated as US$50 billion (£40 billion), up to 1.86% of GDP.



    Read more:
    The science behind why you love a weekend lie-in

    The negative effect of chronic sleep loss accumulates more rapidly than experts previously realised. This knock-on effect is most severe during night shifts, especially when those shifts are long. There are good reasons why the UK regulator, the Health and Safety Executive, supports the EU working time directive, which imposes constraints on the length, timing and number of shifts.

    If the concept of fewer but longer work shifts is accepted, what happens next? Why not propose three 12.5-hour workdays a week, or two 18.75-hour workdays? Why not work 24 hours a day and then work only eight days a month?

    And at the end of a long day, many workers have to get behind the wheel.
    Andrey_Popov/Shutterstock

    This sounds fanciful, and yet it is happening. Several UK fire services have moved to 24-hour shifts, following the trend in North America where 24, 48 or even longer duty hours are common for firefighters. Also in North America, many physicians work 24-hour shifts or longer, with well-documented negative consequences including higher rates of serious medical errors and surgical complications, and increased accident risk on the drive home when compared to shorter shifts.

    It’s certainly true that some workers prefer to work longer days, for example to have longer blocks of time off for childcare. But at what point do concerns over the safety of employees and the people they interact with – as well as the negative effects (and financial costs) on long-term health – outweigh employee preference?

    Compressed hours of work may be effective in some scenarios for some people and businesses. But if compressed hours of work lead to compressed sleep, then we need to recognise the negative consequences.

    New legislation should build in sufficient guidance and protections for both employers and employees, plus it should be evidence-based. With wearable tech like smartwatches to track behaviour, it should be feasible to collect information on sleep, health, near misses and accidents. Then mathematical models and AI could be used to design individualised work schedules that are healthy and productive for everyone.

    Anne Skeldon has received funding from Transport for London and from Scotia Gas Network.

    Derk-Jan Dijk received funding from AFOSR USA.

    Steven W Lockley is a consultant to Timeshifter Inc, KBR Wyle Services, Apex 2100 Ltd and Illumalife Inc.

    – ref. Why not all plans for a four-day working week would be a win for health – https://theconversation.com/why-not-all-plans-for-a-four-day-working-week-would-be-a-win-for-health-247839

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: Armenia and Azerbaijan are at loggerheads again – here’s why tensions are rising

    Source: The Conversation – UK – By Svante Lundgren, Researcher, Lund University

    Azerbaijan’s president, Ilham Aliyev, has launched a fierce verbal attack on Armenia, which he has called a fascist state. “Fascism must be destroyed,” he said in an interview on local TV networks on January 7. “Either the Armenian leadership will destroy it, or we will.”

    This rhetoric is strongly reminiscent of baseless claims used by Vladimir Putin about Ukraine to justify Russia’s invasion. He has claimed that Ukraine must be “denazified”.

    There are also reports that Azerbaijan’s acquisition of advanced Israeli weapons have increased recently, according to Israeli journalist Avi Sharf, national security, cyber and open source intelligence editor at Israeli news outlet Haaretz.

    Armenia and Azerbaijan have a long history of conflict over Nagorno-Karabakh, a region within Azerbaijan until recently mainly populated by Armenians. The first war between them in the 1990s led to the establishment of a self-proclaimed Armenian republic, which no country recognised.

    Then, after a 44-day war in 2020, Azerbaijan took control over most of the enclave. The rest was conquered in September 2023, prompting Armenians living there (more than 100,000 people) to flee to Armenia.

    In the last few months Aliyev accused Armenia of preparing a “war of revenge”. Since its devastating defeat in the second Karabakh war in 2020, Armenia has taken steps to strengthen its defences. Among other things, it has made significant arms purchases from France. This has also provoked Aliyev to criticise France and its president, Emmanuel Macron.

    But, although Armenia has been trying to reduce Azerbaijan’s military advantage through reforms in the army and arms purchases, the country is still militarily inferior to its neighbour. Any military confrontation is likely to result in an early defeat for Armenia.



    Read more:
    Future of Russian gas looking bleak as Ukraine turns off taps and Europe eyes ending all imports

    The argument from Azerbaijan is clearly that if there is conflict in the region, it will be part of an Armenian “preparation for a war”. Baku suggests that therefore the responsibility for any conflict would lie with Armenia and those who arm the country (in particular, France). It’s possible that this rhetoric is intended to legitimise some kind of military action.

    Because of escalating tension in the past few years, Armenia invited the European Union to monitor the border between the countries. This was to help address Azerbaijani accusations that Armenia was preparing for war, and to monitor, and prevent, shootings along the border.


    Peter Hermes Furian/Shutterstock

    Over the past two years Azerbaijan has denied these unarmed EU observers permission to operate on its territory, so they were only able to work from the Armenian side. It has also strongly condemned the EU for this mission.

    The EU monitors have been in place since February 2023, and should be due to withdraw next month. Armenia has suggested the EU monitors continue but Baku has made clear it wants them removed.

    So, why might Azerbaijan want to reignite tensions with Armenia? One point of contention between them is access to the “Zangezur corridor”, a land connection between Azerbaijan and its autonomous republic, Nakhichevan,.

    Long-running regional conflict

    Azerbaijan has long demanded access to, and control of, this route. The natural corridor runs through Armenia’s Syunik region (in Azerbaijani “Zangezur”, hence the Zangezur corridor). Armenia has declared its willingness to open up transport connections throughout the region – including between Azerbaijan and Nakhichevan – but opposes a corridor through its territory that it does not control.

    The south Caucasus (the region including Georgia, Armenia and Azerbaijan) has long been an area that Putin sees as part of his sphere of influence. After the break-up of the Soviet Union, Russia tried to keep the region relatively calm, but in 2020 Putin allowed the war to continue until Armenia was defeated, before putting pressure on Aliyev to stop. Three years later, Azerbaijan took what was left of Nagorno-Karabakh while Russian peacekeepers looked on.

    Armenian concern over what it sees as Russian bias towards Azerbaijan has led Yerevan to increasingly turn towards the west. On January 14 2025, a “strategic partnership charter” was signed between Armenia and the US, which includes an economic and defence partnership, but whether the new Trump administration will want to build on, or even ignore, that relationship is not yet clear.

    In what is considered an important symbolic move Armenia is also currently negotiating with Russia over the removal of its Federal Security Service (FSB security service) guards along the Armenian border in an attempt to reduce reliance on Moscow for its security. Armenian prime minister Nikol Pashinyan said in 2024 that the nation would pull out of the Russian-led Collective Security Treaty Organization in another move that signals Armenia’s increasingly fragile relationship with Moscow.

    Will there be a war?

    The EU has meanwhile strengthened relations with Armenia.

    While Azerbaijan may have escaped international fallout over the attack on Nagorno-Karabakh in the autumn of 2020, and over the ethnic cleansing of the enclave’s Armenian population in 2023. But if a new war led to a large-scale attack on Armenia it would unlikely to be ignored by the west.

    Despite the west’s minimal reactions to Azerbaijani incursions across the Armenian border in May 2021 and September 2022, in 2025 there is more international focus on the region and on the potential consequences of ignoring what’s going on around Russia’s borders.

    Although military intervention from the west is unlikely, the possibility of sanctions against Azerbaijan could be enough of an incentive for Aliyev to try to maintain the peace.

    Svante Lundgren 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. Armenia and Azerbaijan are at loggerheads again – here’s why tensions are rising – https://theconversation.com/armenia-and-azerbaijan-are-at-loggerheads-again-heres-why-tensions-are-rising-247533

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI Global: Five reasons why vertical farming is still the future, despite all the recent business failures

    Source: The Conversation – UK – By Gail Taylor, Dean of Life Sciences, UCL

    Don’t believe the tripe. Amorn Suriyan

    Plant factories are failing, with multiple companies closing or going bankrupt in recent months. This includes the largest vertical farm on the planet, in Compton, Los Angeles.

    Owned by San Francisco-based startup Plenty, the farm opened in 2023 to grow salads in partnership with Walmart. It was mothballed at the end of 2024, with the company citing the rising cost of energy in California as a major problem.

    Despite raising over US$1 billion (£802 million) from investors, the company’s value has reportedly plummeted from US$1.9 billion to below US$15 million. It now aims to focus solely on strawberry production in Virginia.

    New York-based Bowery Farming also halted all operations in late 2024, having previously being valued at US$2.3 billion. Fellow American vertical farmers AeroFarms, Kalera and AppHarvest have similarly filed for bankruptcy in the past two years, as has the UK’s Growing Underground, among various others.

    Clearly these are major setbacks. Year-round illuminated greenhouses and stacked, controlled-environment warehouses for producing food have been hailed as a sustainable alternative to traditional farming, promising fresh food close to populations.

    This reduces the need for transportation, which together with other issues in traditional farming such as soil degradation and forest clearing see it contributing around 20% of the greenhouse gases that lead to planetary warming and climate change.

    Multiple new indoor-farming companies sprang into life in the past decade, driven by significant venture capital. They harnessed the latest in LED lighting and hydroponic and aeroponic growing systems, using land and water ten to 100 times more efficiently than in a field and with far fewer pesticides.

    Initially developed to grow leafy greens and microgreens, these farms have more recently turned to higher value produce including herbs, strawberries, tomatoes and grapes.

    Grow, baby, grow.
    Gorodenkoff

    Among the reasons for the business failures are rising energy costs; the fact that traditional farming is cheaper, making it hard to compete on price; and the fact that rising interest rates have made financing more expensive.

    Together with other challenges such as high energy consumption and finding enough skilled labour, many opponents are writing this sector off as a fad that is unlikely to ever make a big impact on food security.

    This ignores success stories, such as JFC and Grow-up Farms, which are regular suppliers to the UK supermarkets. But more broadly, there are various reasons why the critics are likely to be wrong:

    1. We’re still early

    Vertical farming has been proving itself by “learning by doing” for the past decade. Kicked off by Nasa space scientists seeking to grow food in hostile environments with zero gravity and heavy radiation, this field is still highly experimental.

    New technologies like this one often conform to the Gartner hype cycle, where big initial expectations are rarely met, leading to a trough of disillusionment. Following this, the benefits start to crystallise as new players enter the market and mainstream adoption begins.

    Vertical farming is only a very small proportion of total farming, but it looks very likely to flourish given the need to reduce greenhouse-gas emissions, and the threats to food security from climate change and population growth. In addition, the costs are likely to be reduced by the arrival of much more renewable energy at cheaper prices in years to come.

    2. Heavy plant demand is coming

    Society stands on the edge of an unprecedented transformation as it shifts away from fossil fuels. We’re going to move to a circular bioeconomy, in which green plants will be central as feedstocks for everything from aviation fuels to alternative proteins to vaccine production to plant-based plastics.

    All this means greater pressure on land resources for food production, and an enhanced need for vertically stacked agriculture that recycles water and nutrients and requires fewer chemicals.

    3. Science is on its side

    Unexpected scientific discoveries continue to drive vertical farming. For example, tunable wavelength LEDs have shown that certain spectral bands can affect crops profoundly.

    Far-red light, which is just beyond visible red light, promotes growth and flowering, raising lettuce yields by 30%, for example. Blue light can improve shelf-life and nutritional quality, even enhancing certain plant chemicals known to help prevent cancers.

    The significance of these discoveries has yet to be fully realised, but by the complete control of the farming environment that indoor farming makes possible, we will be able to more easily tailor food quality for the betterment of people and the planet.

    4. It’s horses for courses

    Growing leafy greens indoors in California, as Plenty did, was always going to be challenging. This is the state where they invented the iceberg lettuce, where wall-to-wall sunshine and even temperatures enable farmers to grow enough salad greens to supply the whole of the US.

    Contrast Singapore, where only 6% of fresh produce is locally grown. This has prompted the government to develop the “30 x 30” goal to supply 30% of nutritional needs by 2030, with vertical farming a key part of the strategy.

    Similarly the United Arab Emirates imports over 90% of its food, and is looking towards a future that includes vertical farming. The UK and much of northern Europe, where the outdoor growing season is short and land is limited, can also benefit from these technologies (and indeed, do already).

    It’s a different story in Singapore.
    PrasitRodphan

    5. Baby and bathwater

    Unlike the cutting-edge LED-illuminated, stacked warehouses, intensive hydroponic greenhouses have been operating commercially for decades. The Netherlands leads the way in supplying year-round fresh produce from these structures, and is now the second biggest food exporter in the world.

    Even in the UK, its common for such greenhouses to supply potted herbs, tomatoes and strawberries all year round.

    These are a half-way house to vertical farming, and are also likely to be in greater demand in the coming decades. They could well extend their reach to supply fresh nutritious food to places where food security may be particularly challenged, such as Africa, south Asia and the Middle East.

    Gail Taylor has received funding for research on vertical farming from the John B. Orr Endowment from the University of California, Davis and gift funding from the company, Plenty. Between 2021 and 2024 she was a member of the Scientific Advisory Board for the company Plantible Foods.

    – ref. Five reasons why vertical farming is still the future, despite all the recent business failures – https://theconversation.com/five-reasons-why-vertical-farming-is-still-the-future-despite-all-the-recent-business-failures-248270

    MIL OSI – Global Reports –

    January 29, 2025

  • MIL-OSI United Kingdom: The UK urges Israel to ensure that UNRWA can continue its lifesaving operations: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on UNRWA.

    2022 to 2024 Sunak Conservative government“>

    This was published under the 2022 to 2024 Sunak Conservative government

    I want to offer my condolences again to all UN and humanitarian staff who have been killed in this conflict, including 273 members of your team, Philippe. 

    President, after 15 months of conflict, we now stand at a rare moment of hope for Palestinians and Israelis. Thanks to the tireless efforts of the United States, Qatar and Egypt we have a ceasefire deal that has seen seven hostages returned, reunited with their families and an end to the violence in Gaza that has claimed so many Palestinian lives.

    We cannot and must not forget the suffering that has brought us to this moment. Lives brutally cut short by Hamas. Men, women and children abducted from their families – many of whom are still being held while their loved ones suffer in anguish. 

    This conflict has also seen over 47,000 Palestinians killed. At least 35,000 children are thought to have lost one or both parents. And an estimated 20% of the population has been left with lifelong disabilities. 

    The levels of destruction in Gaza are beyond belief.

    We must turn the page on this cycle of violence. I want to highlight key actions to support this. 

    It is vital that we now see the release of all remaining hostages, and a sustained ceasefire to allow us to move from phase one of the agreement through to further phases. Only then can we achieve a lasting peace.

     We welcome reports that there has been an increase in humanitarian aid into Gaza. This needs to be sustained and complemented by much-needed supplies of commercial goods.  

    To support this vital effort, my Minister for Development has today announced a further $21 million in funding to ensure healthcare, food and shelter reaches tens of thousands of civilians and to support vital infrastructure across the Occupied Palestinian Territories.

    However, the implementation of Knesset legislation on UNRWA risks upending this humanitarian response as well as threatening the fragile and hard-won gains made through the ceasefire deal.

    The vital work of UNRWA in ensuring that Palestinians have access to education and healthcare must also be protected in Gaza as well as the West Bank and East Jerusalem. These represent the most fundamental of human rights.

    For this reason, the United Kingdom urges Israel, once again, to ensure that UNRWA can continue its lifesaving operations and provision of essential services across the Occupied Palestinian Territories.

    We call on Israel to work urgently with international partners, including the UN, so there is no disruption to this vital work. Israel is obligated under international law to facilitate humanitarian assistance by all means at their disposal. We stand ready to work alongside Israel, the UN and our partners to assist.

    We also call on UNRWA to continue to deliver their commitment to neutrality.  Implementation of reforms to strengthen their neutrality remains critical. We welcome UNRWA’s commitment to fully investigate any allegations against their employees and the continued implementation of the Colonna Report’s recommendations. We have earmarked over $1.2 million of our funding to UNRWA to support their implementation.

    President, the UK will play our full part in the coming days and weeks to seize the opportunity of this ceasefire for a better future. To ensure it leads to a credible pathway towards a two-state solution in which Israelis and Palestinians can live side by side in peace.

    Thank you.

    Updates to this page

    Published 28 January 2025

    MIL OSI United Kingdom –

    January 29, 2025

  • MIL-OSI United Nations: Deputy Secretary-General Tells Africa Energy Summit Policy Coherence, Finance, Transparent Cooperation Key to ‘Illuminate the Lives of Millions’

    Source: United Nations General Assembly and Security Council

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks to the panel on “Policies and Reforms for Transforming African Energy” at the Mission 300 Africa Energy Summit, in Dar es Salaam today:

    I want to start by thanking the Government of Tanzania and the African Union for its leadership, and the World Bank, the African Development Bank and the Mission 300 partners for convening this summit. 

    Mission 300 has undertaken an enormous task: to help close the energy access gap and unlock sustainable development across the continent by delivering electricity to 300 million Africans by 2030.  As we have heard, we face a stark reality:  685 million people across the continent still lack access to electricity, with the gap widening as population growth outpaces new electricity connections.

    And yet, Africa is richly endowed with natural resources vital for renewable energy technologies:  it is home to 60 per cent of the world’s best solar resources and possesses vast wind, hydro and geothermal potential.  And critical minerals mined in Africa are powering the renewables revolution around the world.

    Despite this abundance, and record global investments in renewable energies worldwide, Africa continues to be left behind and many Africans continue to lack access to clean, affordable energy.  This injustice must be urgently resolved.  Access to electricity is an essential development requirement, one that can also be the multiplier for acceleration in building a sustainable future for all.

    Providing clean energy to local communities represents a unique opportunity to improve health, widen access to education and social protection, make food systems resilient and create green jobs, e-commerce and financial services, while at the same time protecting the environment and biodiversity. 

    We have heard our distinguished speakers discuss why companies and Governments should get involved.  The business case is clear:  the falling costs of renewables and storage offer a great opportunity to deliver access to energy, energy security and sovereignty and climate resilience. 

    With the new African Continental Free Trade Area, aiming at a trade zone without barriers to the transfer of goods and services, the business opportunities will further multiply if the right policy environments — coherent and predictable — are put in place.

    As we move into discussing what policies and reforms for transforming African energy can enable millions to access energy, I would like to focus on three areas of urgent attention for policymakers.

    First, fostering policy coherence.  We are five years away from the target of our SDGs [Sustainable Development Goals], and we are not on track.  Policymakers and the international institutions need to strive to ensure sector-wide plans are coherent and aligned with the achievement of the SDGs due in 2030, while investors need robust regulatory laws in place to ensure business can operate aligned with them.

    At this Summit, Mission 300 target countries are presenting their first national energy strategies for achieving universal energy access.  These strategies need to be part of a broader plan, one that — while achieving universal energy access — needs to be aligned with the new economy-wide national climate action plans, or NDCs, consistent with 1.5°C, well before COP 30 [the 2025 United Nations Climate Change Conference] in November.

    NDCs represent a unique opportunity for all countries to align their new climate plans and energy strategies, together with addressing adaptation needs.  NDCs must coordinate the transition from fossil fuels with scaling of renewables and grid modernization and expansion, ensuring energy security and affordability.  And they must be anchored in justice — providing support for affected workers and communities.

    If done right, climate plans align with national development priorities and double as investment plans — becoming blueprints for a more sustainable and prosperous future.  The Secretary-General’s panel on critical energy transition minerals offers important principles and actionable recommendations to ensure this new era does not repeat historical patterns of exploitation.  SEforALL [Sustainable Energy for All], UN Resident Coordinators and country teams will continue to support country-level policy reforms, integrate stakeholder innovations, build institutional capacities and boost infrastructure investments across the entire clean-energy supply chain. 

    Second, mobilizing finance and support.  While private-sector investments and innovation are important, public financing remains vital — especially in modernizing grid infrastructure to expand access and integrate renewables.  Blending concessional public funds with commercial funds can help multiply renewable-energy investments in developing countries.  We must work to strengthen the health of Africa’s public finances and tackle unsustainable debt burdens that are crowding out essential public investments.

    The fourth International Conference on Financing for Development, that will take place in July to underpin the needs for long-term concessional finance, and the 1.3 trillion roadmap, agreed in Baku, that needs to be delivered by COP 30 in Brazil, must provide investments to scale up, among others, the energy transition.

    Third, enhancing transparent international cooperation.  International investments and cross-border partnerships hold the key to delivering electricity projects at a massive scale.  Institutions must be strengthened to operate in complex regulatory environments, with multiple actors across jurisdictions.

    Public-private partnerships need to be subject to stable and transparent public procurement rules throughout the whole project cycle — rules that prioritize long-term sustainability and allow for mutually beneficial contractual relationships.  Transparency and accountability should be a hallmark of Mission 300 and set a new standard for cooperation across the continent. 

    As we start the five-year countdown to delivering on the Sustainable Development Goals, and mark the ten-year anniversary of the Paris Agreement, let us work together to illuminate the lives of millions, power the industries of tomorrow and ensure that no one is left behind in the race to deliver universal clean energy, climate resilience and economic prosperity.

    MIL OSI United Nations News –

    January 29, 2025

  • MIL-Evening Report: As the ‘digital oligarchy’ grows in power, NZ will struggle to regulate its global reach and influence

    Source: The Conversation (Au and NZ) – By Alexandra Andhov, Chair in Law and Technology, University of Auckland, Waipapa Taumata Rau

    The images of President Donald Trump at his inauguration surrounded by the titans of the global tech industry is a warning of what could come: a global digital oligarchy dominated by a tiny tech elite.

    Companies like Meta, Google, Microsoft, Amazon, X Corp, and OpenAI (all based in the United States) now operate beyond the control of most governments. Countries like New Zealand are increasingly struggling to keep these companies in check.

    In the past decade, New Zealand has taken several measures to curb the influence of powerful tech companies through voluntary agreements and tax legislation.

    But the digital age has fundamentally changed national sovereignty – the right of individual countries to decide the rules within their own borders.

    Big tech companies are gradually taking on functions traditionally reserved for government institutions. For example, these companies have begun to function as the arbiters of speech, controlling the visibility of certain ideas and comments.

    As recently as this month, Meta obscured searches for left-leaning topics including “Democrats”, later blaming the issue on a “technical glitch”.

    And as was widely covered in the media, Amnesty International released a report claiming that Facebook’s algorithms “proactively amplified” anti-Rohingya content in Myanmar, substantially contributing to human rights violations against the ethnic group.

    New Zealand’s attempts to regulate big tech

    A number of governments are now facing the question of how to temper the influence of these companies within their current legal frameworks.

    As New Zealand (among others) has discovered in the past decade, influencing the behaviour of these companies is easier said than done. It has repeatedly found itself struggling to effectively manage big tech’s impact on its society and economy.

    In 2018, for example, New Zealand’s Privacy Commissioner said Facebook had failed to comply with its obligations under the New Zealand Privacy Act. The company told the commission the Privacy Act did not apply to it.

    When the Christchurch terrorist attack was livestreamed on Facebook (owned by Meta), New Zealand authorities found themselves largely powerless to prevent the video’s spread across global platforms.

    This crisis prompted then-prime minister Jacinda Ardern to launch the Christchurch Call initiative aimed at combating online extremism by fostering collaboration between governments and tech companies.

    The goal was to develop and enforce measures such as improved content moderation, removal of extremist material, and the creation of safer online environments.

    While gaining support from more than 120 countries and tech companies, its effect depends on voluntary ongoing cooperation. Recent events suggest this ongoing cooperation is unlikely.

    In January, Meta CEO Mark Zuckerberg announced plans to get rid of content moderation in the US and possibly elsewhere. Zuckerberg has also pushed back against European Union regulations, claiming the EU’s data laws censored social media.

    Taxing big tech

    In 2019, New Zealand proposed a 3% digital tax on big tech revenue. A similar measure was introduced by France in 2020 and by Canada and Australia last year.

    While these proposals signify important steps toward holding big tech accountable, their implementation remains uncertain.

    Although the relevant tax provisions have been adopted in New Zealand, the law includes clauses allowing tax collections to be deferred until as late as 2030.

    Meanwhile, big tech continues to push back aggressively against regulation in various ways. These have included threatening reduced services (such as the brief closure of TikTok in the US) to leveraging their relationships with the Trump government against other countries.

    Using competition regulation to rein in big tech

    In December 2024, the Australian government unveiled draft legislation on big tech to level the playing field.

    The proposed law seeks to foster fair competition, prevent price gouging, and give smaller tech and news companies a chance to thrive in a landscape increasingly dominated by global giants.

    The legislation would grant the Australian Competition and Consumer Commission the authority to investigate and penalise companies with fines of up to A$50 million for restricting competition.

    The targeted behaviour includes tactics such as restricting data transfers between platforms (for example, moving contacts or photos from iPhone to Android) and limiting third-party payment options in app stores.

    The proposed law aims to put an end to these unfair advantages, ensuring a level playing field where businesses of all sizes can compete and consumers have more choices.

    Democractic governance in the digital age

    The growing power of tech platforms raises critical questions about democratic governance in the digital age.

    There is an urgent need to reconcile the global influence of tech companies with local democratic processes and to create mechanisms that safeguard individual and national sovereignty in an increasingly digital world.

    Governments need to recognise these platforms are not immutable forces of nature, but human-created systems that can be challenged, reformed or dismantled. The same digital connectivity that has empowered these corporations can become the very tool of their transformation.

    Alexandra Andhov is conducting research on Big Tech Governance, funded by the Independent Research Fund Denmark under the Inge Lehmann Programme. The author is grateful for this support and wishes to acknowledge that the research was conducted entirely independently.

    – ref. As the ‘digital oligarchy’ grows in power, NZ will struggle to regulate its global reach and influence – https://theconversation.com/as-the-digital-oligarchy-grows-in-power-nz-will-struggle-to-regulate-its-global-reach-and-influence-247899

    MIL OSI Analysis – EveningReport.nz –

    January 29, 2025

  • MIL-OSI USA: Governor Stein Announces Pratt & Whitney Will Expand Manufacturing Operations in Asheville

    Source: US State of North Carolina

    Headline: Governor Stein Announces Pratt & Whitney Will Expand Manufacturing Operations in Asheville

    Governor Stein Announces Pratt & Whitney Will Expand Manufacturing Operations in Asheville
    bwood
    Tue, 01/28/2025 – 11:30

    Raleigh, NC

    Today, Governor Stein announced that Pratt & Whitney, an RTX business (NYSE: RTX), will expand its turbine airfoil manufacturing plant in Buncombe County, a significant vote of confidence in western North Carolina. The company’s expansion project will create 325 additional jobs and includes an additional investment of $285 million in Asheville.  

    “Western North Carolina’s economy took it on the chin after Hurricane Helene, yet still it remains an incredible place to work and do business,” said Governor Josh Stein. “Pratt & Whitney clearly sees the opportunities in North Carolina and the strength of our highly skilled workforce. We look forward to welcoming them here.” 

    Pratt & Whitney is a world leader in the design, manufacture, and service of aircraft engines and auxiliary power units.  More than 17,000 customers operating in more than 200 countries and territories use Pratt & Whitney engines, with more than 90,000 engines currently in service.  The company’s Asheville facility, first announced in October 2020, produces high-tech turbine airfoils, an important component in aircraft jet engines.  The company’s new project will expand its production capacity to meet growing customer demand.

    “Pratt & Whitney’s continued investment in Asheville is critical to meet the growing demand for our products, such as the GTF for the A320family and the F135 for the F-35 Lightning II,” said Asheville General Manager for Pratt & Whitney Dan Field. “We would like to thank the state, Buncombe County and Governor Stein for their support on this project. This latest round of investment allows us to add critical process elements for the manufacture of turbine airfoils and increase the overall delivery output of this facility, enabling us to deliver on our customer commitments while creating hundreds of new jobs in the Asheville community.” 

    “The aviation industry is a key driver of North Carolina’s economic success and Pratt & Whitney’s decision strengthens our aerospace ecosystem substantially,” said Commerce Secretary Lee Lilley.  “We will continue to invest in support systems, like our community colleges and universities, that help employers like Pratt & Whitney succeed in our state—and bolster Western NC’s economy.”

    The North Carolina Department of Commerce led the state’s support for the company during its site evaluation and decision-making process.

    The average salary for the new positions will be $62,413, compared with an average wage in Buncombe County of $55,416.  The new positions will bring an annual payroll impact to the community of more than $20 million per year. 

    The company’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by nearly $2.1 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,202,250, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. 

    The project’s projected return on investment of public dollars is 317 per cent, meaning for every dollar of potential cost, the state receives $4.17 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.  

    Because Pratt & Whitney chose to expand in Buncombe County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $1,400,750 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Buncombe, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. 

    “Many local, regional, and state organizations have worked hard to bring this new economic development project to Buncombe County, all while working diligently through the many details of storm recovery,” said Representative Eric Ager. “We look forward to seeing Pratt & Whitney continue to thrive in our great community.” 

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Departments of Revenue and Transportation, N.C. Commerce’s Division of Workforce Solutions, the Office of Congressman Chuck Edwards, the Golden LEAF Foundation, Duke Energy, Asheville-Buncombe Technical Community College, Biltmore Farms, Buncombe County, the City of Asheville, and the Economic Development Coalition of Asheville and Buncombe County.  

    Jan 28, 2025

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI: Philadelphia Union & Atomic Data Announce Multi-Year Partnership Extension

    Source: GlobeNewswire (MIL-OSI)

    CHESTER, Pa. and MINNEAPOLIS, Jan. 28, 2025 (GLOBE NEWSWIRE) — Philadelphia Union and Atomic Data announced today that they have extended their partnership for five more years, bringing a wide range of managed IT services to the Major League Soccer Club through 2029. Under the official IT partnership, Atomic Data and Game Day Technologies will continue to oversee all of the Union’s IT operations and security measures.

    “We are excited to announce the extension of our multi-year partnership with Atomic Data,” said Chief Revenue Officer Charlie Slonaker. “Since our collaboration began in 2022, Atomic Data has significantly enhanced our technology operations and IT resources. Their 24×7 support has been instrumental in helping us achieve several key club goals. We look forward to continuing to develop innovative strategies to drive growth over the next five years.”

    As the official IT provider for Philadelphia Union, Subaru Park, & WSFS Bank Sportsplex, Atomic Data manages their servers and endpoints, monitors their network around the clock, and provides 24×7 end-user help desk support. They also strengthen the team’s cybersecurity with advanced tools and offer on-site tech support for the organization as needed.

    Atomic Data’s Yagya Mahadevan, head of sports and entertainment division Game Day Technologies, commented: “This multi-year extension reaffirms the strong partnership we’ve built with Philadelphia Union over the past three years, and we’re thrilled to enter the next phase. Looking ahead, we’re committed to helping Philadelphia Union implement robust processes to enhance their technology operations and deliver world-class infrastructure for the WSFS Bank Sportsplex.”

    About Atomic Data & Game Day Technologies
    Atomic Data, trusted IT provider for hundreds of enterprises, sports teams, and large venues, is on a mission to deliver always-on, custom-tailored technology solutions and objective IT leadership.

    Game Day Technologies® powered by Atomic Data enables owners and teams to right size and modernize their venues, districts, training facilities, and back offices with objective, holistic technology oversight and activation.

    For more information, please visit www.philadelphiaunion.com.

    The MIL Network –

    January 29, 2025

  • MIL-OSI USA: Crapo Supports Bessent for Treasury Secretary

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–The United States Senate today confirmed Scott Bessent to serve as Secretary of the U.S. Department of the Treasury by a bipartisan vote of 68-29.  In a speech on the Senate floor, U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) highlighted Mr. Bessent’s qualifications and urged colleagues to support his nomination. 
    “Mr. Bessent is committed to restoring the prosperity and opportunity experienced under President Trump’s leadership,” Crapo said.  “I look forward to working closely with him to ensure we extend the policies that benefitted Americans of every income bracket and enabled families and businesses to get ahead.  If qualifications–and, I might add, character–are one’s test for supporting a nominee, voting to confirm Mr. Bessent is one of the easiest votes we could ever take.” 
    Mr. Bessent’s nomination was previously reported favorably out of the Senate Finance Committee by a bipartisan vote of 16 to 11. 

    Read Senator Crapo’s full remarks below:
    “I rise today to urge my colleagues to vote in favor of the confirmation of Mr. Scott Bessent, who has been nominated to serve as Secretary of the Treasury.
    “Over the weekend, the Senate voted with broad bipartisan support to advance Mr. Bessent’s nomination.  In fact, fifteen of my Democrat colleagues joined Republicans in advancing Mr. Bessent’s nomination.
    “Despite Mr. Bessent’s prolific experience and qualifications—which cannot be disputed—a few detractors frame their policy preferences as if these are compliance issues with respect to his taxes. 
    “Let me be clear: Mr. Bessent followed all applicable laws and met the Committee’s longstanding and rigorous diligence standard.  The Finance Committee has the most rigorous standard of vetting nominees of any committee in the Congress, including looking at their past tax returns and having tax experts come in and evaluate their tax returns with us.
    “His diligence matched that which has applied to nominees in previous administrations. 
    “Contrary to what you have heard, he provided extensive supporting material for all of the attacks on him, including more than 3,000 pages worth, and he and his staff spent countless hours with Republican and Democrat Senate Finance Committee members and staff going over all of these allegations and all of these claimed failures to pay taxes.  
    “He’s gone further by not only divesting all of his business ties, which is no small task, but by publicly committing that if there is any change in the law in the future on these policy arguments, that he would comply with those changes in the law.
    “Let me state this again, as clearly as it can be said, Scott Bessent paid his taxes.
    “I’ve heard it said twice on this floor that he did not pay his taxes.  Experts have gone over his tax returns, and he has complied with standard, prevailing interpretations of the tax code every time.
    “The issue here is that the IRS wants to change the interpretation of the tax code, but the IRS doesn’t get to decide what our tax code says.  Congress does, and Congress has not made the changes that the IRS wants to see.
    “Even in the face of that, arguing that he should have done what the IRS wanted him to do, in fact, they didn’t even say they wanted him to do it, they said it to other taxpayers, and other taxpayers have taken the IRS to court over this issue.  Mr. Bessent has said, if the IRS prevails and changes the tax code–the interpretation of the tax code–he will comply.
    “But the argument that he has not complied with long standing tax policy and interpretation is false, and I don’t know anybody who could go through a more rigorous standard than what we put him through in the Finance Committee.
    “As for the nominee, Mr. Bessent has worked for the last three decades as one of the sharpest minds in the global finance industry.  He has decades of academic, professional and leadership experience relevant to the position of Treasury Secretary.  
    “His performance at the Committee was stellar.  His background and training are tailor-made for this role, and he has the demeanor and character to be an effective Secretary.
    “Mr. Bessent is committed to restoring the prosperity and opportunity experienced under President Trump’s leadership. 
    “This includes ensuring that we avert an over-$4-trillion tax hike on the American people if the Trump tax cuts are allowed to expire, which he rightly described at his nomination hearing as a pass/fail exercise. 
    “There should be no question that we will extend these tax cuts.
    “I’ve also heard it argued on this floor here today that this is just a tax cut for rich billionaires.  The reality is that the vast majority of the tax cut goes to everyday people–to people making less than $400,000 a year.
    “The vast majority of those tax cuts go to people in the lower-and-middle income tax brackets. The tax cuts that we are talking about gave tax cuts to every single solitary income cohort in the tax code, and the greatest tax cuts went to those in the lower- and middle-income categories.
    “It would be terrible if we did not extend these tax cuts, and yet, Mr. Bessent is attacked for saying he supports extending these tax cuts.  It doesn’t make sense.  
    “I look forward to working closely with him to ensure we extend the policies that benefitted Americans of every income bracket and enabled families and businesses to get ahead.
    “I should also say that under this tax policy, when it was passed, the richest in America paid a greater percentage of the overall tax burden than they had before.  Yet he is attacked for wanting to extend these tax cuts that will hammer every single tax paying American if they are allowed to expire
    “If qualifications–and I might add, character–are one’s test for supporting a nominee, voting to confirm Mr. Bessent is one of the easiest we could ever take. 
    “In previous congresses, many of my Republican colleagues and I have voted for candidates we considered to be qualified to serve as Treasury Secretary, even when they were nominated by Democratic presidents and we disagreed with many of their policy positions.  
    “Mr. Bessent’s candidacy ought to enjoy similar bipartisan support and I encourage my colleagues on both sides of the aisle to join with me in confirming his nomination.
    “He is the right person for this job, and I commend President Trump in making such an excellent selection.”

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI USA: Attorney General James Secures $450,000 from Companies Selling Home Security Cameras that Failed to Secure Private Videos

    Source: US State of New York

    NEW YORK – New York Attorney General Letitia James secured $450,000 from three companies that distribute eufy home security video cameras for failing to secure consumers’ private home security videos. The companies, Fantasia Trading LLC, Power Mobile Life LLC, and Smart Innovation, LLC distribute a line of video cameras, video doorbells, and video smart locks under the eufy brand. An investigation by the Office of the Attorney General (OAG) found that video streams from the cameras were not always securely encrypted and could be accessible to anyone with the relevant link without authentication. The settlement requires these companies to take steps to ensure stronger protections for customers’ data and pay $450,000 in penalties and costs.

    “New Yorkers buy home security cameras to protect themselves and their homes,” said Attorney General James. “The eufy cameras’ poor data security allowed anyone to access people’s security camera footage, defeating the purpose of having a home security system. Today my office is taking steps to ensure eufy cameras’ developers improve their data security so that New Yorkers home security footage is private and protected.”

    In November 2022, a security researcher publicly disclosed tests indicating that marketing claims about the eufy products’ security and “end-to-end encryption” of data might not be accurate. The OAG opened an investigation focused on a line of eufy-branded internet-enabled video cameras, video doorbells, and video locks distributed by Fantasia Trading, Power Mobile Life, and Smart Innovation. The marketing for these home security products assured consumers that their data would be kept private and secure.

    The OAG’s investigation revealed that, in certain situations, video sent over the internet from eufy home security products was not protected by end-to-end encryption, and that at least a portion of the connection did not use any type of encryption at all. The investigation also uncovered that an active video stream could be accessed by anyone with the relevant URL, without authentication, and that it may have been possible to deduce the URL without obtaining it from a user. The companies had not previously identified these security vulnerabilities because they did not have the necessary processes in place to test their safeguards or to identify risks to the security and privacy of consumers’ video.

    As a result of this settlement, Fantasia Trading, Power Mobile Life LLC, and Smart Innovation will pay $450,000 in penalties and costs and take steps to ensure the eufy home security products they sell better protect consumers’ private videos. The agreement requires that the companies regularly substantiate that the developer of the eufy home security products:

    • Maintains a comprehensive information security program designed to protect the security, confidentiality, and integrity of consumer information;
    • Uses secure software development processes, including the use of third-party tools for testing software for security vulnerabilities;
    • Maintains a vulnerability management program that includes regular penetration testing and vulnerability testing; and
    • Implements appropriate encryption processes, including the encryption of video in storage and in transit.

    Today’s announcement continues Attorney General James’ efforts to protect New Yorkers’ personal information and hold companies accountable for their poor data security practices. Last month, Attorney General James secured $500,000 from an auto insurance company for failing to protect New Yorkers’ data.  In November 2024, Attorney General James and DFS Superintendent Adrienne Harris secured $11.3 million from GEICO and Travelers for having poor data security. In October 2024, Attorney General James secured $2.25 million from a Capital Region health care provider for failing to protect the private information and medical data of New Yorkers. In August 2024, Attorney General James and a multistate coalition secured $4.5 from a biotech company for failing to protect patient data. In July, Attorney General James launched two privacy guides, a Business Guide to Website Privacy Controls and a Consumer Guide to Tracking on the Web, to help businesses and consumers protect themselves. In April 2023, Attorney General James released a comprehensive data security guide to help companies strengthen their data security practices. In January 2022, Attorney General James released a business guide for credential stuffing attacks that detailed how businesses could protect themselves and consumers.

    This matter was handled by Assistant Attorney General Nathaniel Kosslyn, Senior Enforcement Counsel Jordan Adler, and Deputy Bureau Chief Clark Russell of the Bureau of Internet and Technology, under the supervision of Bureau Chief Kim Berger. The Bureau of Internet and Technology is a part of the Division for Economic Justice, which is led by Chief Deputy Attorney General Chris D’Angelo and overseen by First Deputy Attorney General Jennifer Levy. 

     

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI: Bybit Web3 Launches Telegram Mini Wallet to Simplify Wallet Creation for Web2 Users

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Jan. 28, 2025 (GLOBE NEWSWIRE) — Bybit Web3, the Web3 division of Bybit, today announced the launch of its Telegram Mini Wallet, a significant step towards bridging the gap between Web2 and Web3. This innovative feature empowers users to seamlessly create and manage their Bybit Wallets directly within the popular Telegram messaging app, eliminating the need for separate app downloads and streamlining their Web3 journey. This integration reflects Bybit’s strategic commitment to simplifying access to blockchain technology for a broader audience, particularly Telegram’s active user base. 

    Key Features and Benefits of the Bybit Telegram Mini Wallet:

    • Simplified Onboarding: Allows users to create a Bybit Wallet easily within the Telegram interface.
    • Integrated Asset Management: Enables depositing, withdrawing, and managing crypto assets directly within Telegram.
    • Improved User Experience: Offers opportunities to participate in campaigns, engage with the Bybit ecosystem, and explore Web3 within Telegram.
    • Enhanced Accessibility: Aims to break down the barriers to entry for Web2 users and support broader blockchain adoption.

    “We’re thrilled to introduce the Telegram Mini Wallet — it’s a big step in our mission to bridge CeDeFi and become the gateway to everything on-chain,” said Emily Bao, Head of Spot and Web3. “By making wallet creation and management simpler, we’re opening the door for more people to experience the amazing possibilities of Web3. It’s all about making blockchain technology easy and accessible for everyone.”

    Exploring New Possibilities: Bybit Telegram Mini Wallet and FarmX Campaign

    The launch of the Telegram Mini Wallet aligns with the latest edition of FarmX, Bybit SpaceS’ flagship token farming initiative. This campaign features a prize pool exceeding $100,000, and an expanded selection of token rewards, including $PinEye, $FLOCK, and $USDT (via Tanssi).

    Over 20,000 users have already won USDT in previous FarmX campaigns, with more than 5,000 joining within 24 hours during a first-come, first-served event. One user earned around 50 USDT, demonstrating the potential rewards available. The upcoming campaign provides an expanded scope, featuring 50,000 slots available for users to claim potential rewards.

    The Telegram Mini Wallet addresses a common industry challenge: for many beginners, getting started with DeFi can be confusing, especially when it comes to choosing and setting up a Web3 wallet. By leveraging Telegram, a trusted platform familiar to millions, the Bybit Mini Telegram Wallet simplifies the process by allowing users to create and manage their Web3 wallet directly within the app. This seamless integration provides an easy and secure way for users to explore decentralized finance, offering a smoother introduction to owning and managing digital assets.

    Users can seamlessly connect via the Telegram Mini Wallet or their Bybit Wallet, streamlining their participation in FarmX. Moreover, holding or staking $TON unlocks exclusive perks, such as boosted rewards in the TON Pool, further enhancing the earning potential.

    Bybit’s Telegram Mini Wallet and FarmX campaign exemplifies its innovative approach to integrating social engagement with blockchain technology, empowering users with intuitive tools and generous rewards.

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3

    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

    Join the revolution now and open the door to your Web3 future with Bybit.

    For more details about Bybit Web3, please visit Bybit Web3.

    About Bybit

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

    For more details about Bybit, please visit Bybit Press
    For media inquiries, please contact: media@bybit.com 
    For updates, please follow: Bybit’s Communities and Social Media
    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/663c0477-8b1e-44e7-a7f4-fdd6a69a6018

    The MIL Network –

    January 29, 2025

  • MIL-OSI: Alliance Witan PLC – Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Alliance Witan PLC (‘the Company’)
    LEI: 213800SZZD4E2IOZ9W55

    Dividend Declaration

    58 Years of Rising Dividends

    Alliance Witan PLC declares a fourth interim dividend of 6.73p per share, up 6.2% on the equivalent dividend of 6.34p paid in the same period in the last financial year. The total dividend for 2024 is therefore 26.70p, an increase of 6.0% on the Company’s 2023 dividend. This sustains dividend growth for legacy Witan shareholders and marks the 58th consecutive annual increase for the Company, one of the longest track records in the investment trust industry. With substantial reserves, the Board is confident that it can go on increasing dividends well into the future.

    The dividend will be paid on 31 March 2025 to shareholders on the register at the close of business on 28 February 2025. The ex-dividend date is 27 February 2025.”

    Juniper Partners Limited
    Company Secretary

    28 January 2025

    The MIL Network –

    January 29, 2025

  • MIL-OSI: Western Financial Group Honoured as a Top Alberta Employer

    Source: GlobeNewswire (MIL-OSI)

    HIGH RIVER, Alberta, Jan. 28, 2025 (GLOBE NEWSWIRE) — Thanks in part to our exceptional workplace culture, commitment to work-life balance and care for our people, customers, and communities in which we live and work, Western Financial Group (Western) has been recognized as one of Alberta’s Top Employers 2025.  

    First published in 2006, Alberta’s Top Employers is an annual competition organized by the editors of Canada’s Top 100 Employers. This special designation recognizes the employers that lead their industries in offering exceptional places to work. 

    “It’s an honour to receive this kind of recognition, particularly in a time when many industries are facing a war for talent,” said Grant Ostir, Western’s Chief Executive Officer. “This really reinforces our commitment to caring for our people, ensuring professional growth opportunities and giving them the tools they need to succeed. This commitment carries across all teams, from coast to coast.” 

    Western was also recently named to the Forbes’ Canada Best Employers 2025 list for the second time. 

    “From our inclusive environment and generous vacation time, to our commitment to the local communities in which we live and work, there are many reasons why people are drawn to work at Western,” said Kristy Rachkowski, Chief People and Culture Officer. “I’m really proud of the workplace culture we’ve cultivated and the philosophy that our people and our customers are at the heart of all we do. We can feel that at all levels throughout the organization.”  

    Founded in 1905 in High River, Alberta, Western stands out as a workplace committed to fostering a positive environment for its approximately 2,200 employees across Canada, from coast to coast. 

    Click here for more information about Western’s culture and staff insights. For more information about Western Financial Group, visit www.westernfinancialgroup.ca. 

    Western Financial Group Inc.  

    Headquartered in High River, Alberta, Western Financial Group is a diversified insurance services company focused on creating security and peace of mind and has provided over one million Canadians with the proper protection for over 100 years. Western is committed to community service, customer service, innovation, growth, and people while providing personal and business insurance through our engaged team of over 2,000 people in approximately 200 communities, affiliates, and various connected channels.  

    Since the very beginning, supporting our local communities has guided everything we do – it’s who we are. In 2001, the Western Financial Group Communities Foundation (our non-profit charity) was created as a way for our team members to give back and positively impact the people and pride in the places where we live, work and play – to date we have granted over $9 million back into our communities.  

    Western Financial Group is a subsidiary of Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company. Visit https://westernfinancialgroup.ca for more. 

    For more information, please contact:  

    Nichola Petts, PR Manager: Nichola.petts@westernfg.ca  

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/239fad2e-3930-406d-bedf-d41e0dedd2ac

    The MIL Network –

    January 29, 2025

  • MIL-OSI: Bybit Brings Gold and Forex Trading to the Forefront with Exclusive Copy Trading Fiesta

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Jan. 28, 2025 (GLOBE NEWSWIRE) —

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled the Copy Trading Gold & FX Fiesta, an exclusive event offering a total prize pool of 130,000 USDT. This unique opportunity invites crypto traders to explore Gold and Forex markets through Bybit’s innovative Copy Trading platform, which simplifies trading for beginners and experienced participants alike. The event runs from now until Feb. 24, 2025, providing a seamless gateway for crypto traders to expand their strategies into new asset classes.

    Participants can unlock rewards by completing a variety of engaging tasks. Traders who register as Master Traders and complete their first trade on the Copy Trading Gold & FX platform will be eligible to receive a 50 USDT airdrop. Those who choose to follow a Master Trader and execute their first copy trade are eligible for a 10 USDT airdrop. Participants can enhance their chances of winning by completing a daily trading task. By trading at least 2 lots of Gold or forex, they can unlock one Lucky Draw opportunity each day, adding more potential rewards to their experience.

    Bybit’s Copy Trading Gold & FX Fiesta is designed to help traders diversify their portfolios, moving beyond traditional cryptocurrency markets to explore the potential of Gold and Forex. With the global economy showing positive growth, this is a chance to discover new opportunities and expand into promising asset classes. Bybit’s platform ensures convenience by leveraging USDT instead of fiat, simplifying transactions and making it easy for users to participate. Beginners can follow the strategies of experienced traders through Copy Trading, gaining confidence and insights as they trade alongside industry pros.

    Joan Han, Sales and Marketing Director at Bybit, shared her thoughts on the event: “By combining exclusive features with a user-friendly platform, we’re making it easier than ever for our users to explore new trading opportunities and diversify their portfolios. This event is the perfect gateway for those looking to enter the Gold and Forex markets while leveraging the expertise of seasoned traders.”

    Rewards for this event are distributed on a first-come, first-served basis. Lucky Draw rewards will be credited to winners’ Rewards Hub and must be claimed within 14 days. To qualify, participants must register via the designated event page and complete Identity Verification Level 1. Restrictions apply, and users are advised to read the terms and conditions. 

    For any questions or assistance, users can contact Bybit’s Customer Support team.

    #Bybit / #TheCryptoArk

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

    For more details about Bybit, please visit Bybit Press
    For media inquiries, please contact: media@bybit.com 
    For updates, please follow: Bybit’s Communities and Social Media
    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d39060a8-34cf-4f63-bc50-08e09e6d083d

    The MIL Network –

    January 29, 2025

  • MIL-OSI USA: Senator Marshall Joins Fox Business The Bottom Line: We Have a New Sheriff in Town

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. joined Fox Business’ The Bottom Line to discuss President Trump’s America First foreign policy strategy and the Senate confirming Scott Bessent as Secretary of the Department of Treasury.
    Senator Marshall sits on the Senate Finance Committee, met with Bessent ahead of his confirmation hearing, and voted yes to confirm him as Treasury Secretary. The Senator strongly believes that Bessent is the right leader to revive America’s economy.
    You may click HERE or on the image above to watch Senator Marshall’s full interview.
    Highlights from Senator Marshall’s interview include: 
    On President Trump’s proposed tariffs on Colombia:
    “This whole week’s been nothing but shock and awe. It’s been a blitzkrieg for Donald Trump. It’s been a long time since we’ve seen a leader like this, so this sends a clear message to all the leaders – don’t mess with the United States right now, that we have a new sheriff in charge.”
    “What was impressive was the speed this came out. In years past, this would take weeks for a policy to develop. There’s President Trump between swings saying, enough of this – Colombia, take back your criminals. So indeed, a new sheriff in town.”
    On Scott Bessent passing Senate confirmation to become the next Secretary of the Treasury:
    “Of course, I voted yes, and it went through with flying colors, 68 to 29. Scott Bessent is approved to be your next Secretary of the Treasury. Scott’s going to do a great job. He’s going to bring some South Carolina common sense to everything here. He was raised in a small town, but yet he’s financially brilliant, so I think he’ll be part of the solution as we work forward on the legislation and balancing our budget.”

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI Banking: Media advisory: Corruption Perceptions Index to be published on 11 February 2025

    Source: Transparency International

    Transparency international will release its 2024 Corruption Perceptions Index on Tuesday, 11 February 2025 at 6:01 CET (12:01 EST).

    The Corruption Perceptions Index (CPI) is the leading global indicator of public sector corruption, providing an annual comparative snapshot of 180 countries and territories. The index for 2024 is calculated using data from 13 external sources.

    Watch the CPI explainer video

    The 2024 CPI edition assesses how countries have responded to corruption over time, reviewing progress and failures in the past year, while focusing particularly on how corruption is undermining climate action around the world. It shows how the biggest recipients of climate finance are facing governance and corruption challenges and that undue influence from the fossil fuel industry is limiting the ambition of wealthy nations to tackle climate change.

    2024 Corruption Perceptions Index

    11 February 2025 at 06:01 CET

    Published online at  www.transparency.org/cpi/

    Embargoed materials will be available on Tuesday, 4 February. To request interviews or press materials under embargo until publication, please email Felix Arbenz-Caines at di:ga Communications [email protected] or the press office at Transparency International Secretariat [email protected].

    For national enquiries, please contact the appropriate Transparency International chapter.

    MIL OSI Global Banks –

    January 29, 2025
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