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Category: Business

  • MIL-OSI China: Brick by Brick, Xi Jinping drives BRICS cooperation

    Source: China State Council Information Office

    As Chinese President Xi Jinping and a host of other leaders gather in Kazan, Russia, for the 16th BRICS summit, the world is once again turning its limelight on the burgeoning international mechanism for how it will push forward self-development and respond to global woes.

    A steadfast champion of BRICS cooperation, Xi once compared its five members back then to the five fingers of one hand: They are short and long if extended, but form a powerful fist if clenched together. Now that hand has grown bigger and stronger, as its membership expanded last year, yet the essence of Xi’s metaphor is just becoming more relevant.

    With the world trudging on in a new period of turbulence and transformation, the leader of the largest developing country is poised to help guide BRICS, the leading echelon of the Global South, to play a bigger role in building a better shared future for humanity.

    Chinese President Xi Jinping poses for a group photo with other leaders attending the BRICS-Africa Outreach and BRICS Plus Dialogue in Johannesburg, South Africa, Aug. 24, 2023. [Photo/Xinhua]

    Golden value

    BRICS, an acronym for Brazil, Russia, India, China, and South Africa, is literally called “gold bricks” in Chinese, indicating optimism for its great potential and shining future.

    The sanguine view features prominently in Xi’s engagement with the group. He has consistently placed BRICS high on China’s foreign policy agenda. His first appearance on the multilateral stage as China’s head of state was at the 2013 BRICS summit in Durban, South Africa, and he visited all other four BRICS countries during the first two years of his presidency.

    “China led by President Xi Jinping has contributed significantly to the success of BRICS,” noted Bunn Nagara, a senior China researcher in Malaysia.

    Thanks to the joint efforts of its members, the golden value of BRICS has kept rising. World Bank data show that the share of BRICS in global GDP grew from 18 percent in 2010 to about 26 percent in 2021, with increases in all years during the period.

    Among the drivers of its remarkable growth is a strong orientation toward real results. “BRICS is not a talking shop, but a task force that gets things done,” Xi once stressed.

    Following this spirit, practical cooperation has always been the foundation of the BRICS mechanism, a good example of which is the launch of the New Development Bank (NDB). Headquartered in Shanghai, the multilateral institution had approved 105 projects in all member countries for approximately 35 billion U.S. dollars by the end of 2023.

    In view of BRICS’ evolving development needs, Xi, at the 2017 summit in China’s coastal city of Xiamen, joined other member leaders in formally incorporating cultural and people-to-people exchanges into the engines of BRICS cooperation, in order to further enhance the bond between these nations and reinforce the foundation of BRICS interaction.

    Powered by the three engines, namely political and security, economic and financial, as well as cultural and people-to-people exchanges, the BRICS cooperation has witnessed even more substantial progress and growing popular support.

    The unique value of the BRICS cooperation goes beyond economic terms, and the mechanism is an innovation of international cooperation, which is in marked contrast to some protectionist, exclusive political, military or economic alliances in the West, said Wang Lei, director of the BRICS Cooperation Research Center at Beijing Normal University.

    In Xi’s words, the BRICS cooperation transcends the old formula of political and military alliances, the old mindset of drawing lines on the basis of ideology as well as the obsolete notion of “you-win-I-lose” and “winner-takes-all.”

    The golden track record, as many observers have pointed out, has not only amply busted various gloom-and-doom claims such as that BRICS is nothing but “a motley crew,” but also significantly increased its appeal to the rest of the world.

    This aerial photo taken on Sept. 28, 2021 shows the headquarters building of New Development Bank (NDB) in east China’s Shanghai. [Photo/Xinhua]

    Greater BRICS

    On Aug. 24 morning last year, the Sandton Convention Center in Johannesburg erupted with applause upon the announcement of BRICS’ historic expansion. That, Xi said at the press conference, demonstrates “the determination of BRICS countries and developing nations to unite.”

    Since the inception of the BRICS mechanism, openness and inclusiveness have remained its members’ abiding commitment. Xi has repeatedly emphasized that BRICS countries gather not in a closed club or an exclusive circle. “A tree cannot make a forest,” he said as early as at his BRICS summit debut in Durban in 2013. A year later at the Fortaleza summit in Brazil, he proposed the “BRICS spirit” of openness, inclusiveness, and win-win cooperation.

    With such an open mind, the group developed a tradition of inviting leaders of other countries to its summits. Then at the 2017 gathering in Xiamen, an ancient port city that has evolved into a dynamic hub in China’s opening-up and reform, Xi built on that outreach practice and put forward the “BRICS Plus” program, encouraging more participation of other emerging markets and developing nations.

    In fact, this southern Chinese city of Xiamen happened to be where Xi came to work as deputy mayor in 1985 at 32. Now, under Xi’s initiative, an innovation base for the BRICS partnership on the new industrial revolution has taken root there.

    Over the years, with profound changes reshaping the world at a degree rarely seen in history, the Chinese president has unwaveringly championed openness and cooperation. “Under the new circumstances, it is all the more important for BRICS countries to pursue development with open doors and boost cooperation with open arms,” Xi said at the 14th BRICS summit in 2022.

    A year later, more than 60 countries gathered in Johannesburg for the BRICS summit. The gathering “is not an exercise of asking countries to take sides, nor an exercise of creating bloc confrontation,” Xi said. “Rather, it is an endeavor to expand the architecture of peace and development.”

    Other than the countries that became new full members on Jan. 1, 2024, more than 30 nations have also formally applied to join BRICS, while many other developing countries are seeking deeper cooperation with the group.

    “There is a reason why these countries choose to join BRICS,” said Mekhri Aliev, a board director of the BRICS innovation base in Xiamen. “Because they see future, they see potentials and opportunities within the BRICS.”

    A visitor views a model of Xiamen Metro train at the exhibition of BRICS New Industrial Revolution 2024 in Xiamen, southeast China’s Fujian Province, Sept. 10, 2024. [Photo/Xinhua]

    Bigger voice

    Three months after its expansion decision, BRICS convened an extraordinary joint summit on the Gaza situation with leaders of invited members, as well as UN Secretary-General Antonio Guterres. That was a first-of-its-kind meeting for the group. The meeting, as Xi said, marks “a good start” for greater BRICS cooperation following its enlargement.

    Commenting on this summit, Al Jazeera said that leading countries of the Global South are looking for “a greater say in a global order dominated by the West.” Steven Gruzd, an analyst at the South African Institute of International Affairs, said: “It does reflect on the growing assertiveness and confidence of the BRICS grouping, not waiting for the West.”

    BRICS is an important force in shaping the international landscape. Advancing a more just and equitable international order has been a consistent theme in Xi’s remarks on BRICS cooperation.

    Effective coordination between BRICS members and other Global South countries is “adding more bricks to the global governance architecture,” said Wang Lei, the Chinese expert with Beijing Normal University.

    The New Development Bank (NDB) exemplifies this effort. “The establishment of the bank serves as a beneficial supplement and improvement to the existing financial system,” Xi said, “which can encourage deeper reflection and more active reforms in the global financial system.”

    During a meeting with Dilma Rousseff, former Brazilian President and incumbent NDB chief, in Beijing in 2023, Xi called on the NDB to help with the modernization of more developing countries. Rousseff shares Xi’s vision. “It is a vision that we don’t want BRICS to speak just for a few countries. What we want is for most countries to be part of BRICS,” she told Xinhua.

    As Xi has observed, strengthening global governance is the right choice if the international community intends to share development opportunities and tackle global challenges.

    “Economically, non-Western nations — with BRICS at the vanguard — are pushing the globe into a new reality: An emerging economic, social, and monetary status quo that is upending what the world has accepted as normal for nearly eight decades,” Jeff D. Opdyke, a global investment expert, has observed.

    To Guan Zhaoyu, a research fellow with the Eurasian Studies Institute at Renmin University of China, BRICS cooperation “is neither anti-Western nor aimed at overthrowing the existing global order, but rather constructively reforming its unfair aspects to give more opportunities to the developing world.”

    Xi maintains that development is an inalienable right of all countries, not a privilege of a few countries. Under his grand vision to build a community with a shared future for mankind, China has been joining hands with other developing countries in advancing their respective modernization.

    China will always be a member of the Global South and the developing world, Xi has said on various occasions.

    “President Xi has sent out a very clear message: China will unite with other emerging markets and developing countries in the process of global modernization and make sure no one is left behind,” said Guan.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Government announces subscription and allocation results of Silver Bond

    Source: Hong Kong Government special administrative region

    Government announces subscription and allocation results of Silver Bond
    Government announces subscription and allocation results of Silver Bond
    ***********************************************************************

         The Government announced today (October 21) the subscription and allocation results of the new batch of Silver Bond.      According to the subscription information submitted by the Placing Banks and the Designated Securities Brokers, as at the close of the subscription period at 2pm on October 14, 2024, a total of 300,413 valid applications were received for a total of HK$69,981,970,000 in principal amount of bonds.      The final issuance amount of the Silver Bond will be HK$55 billion, higher than the target issuance amount of HK$50 billion. Allocation is conducted in accordance with the mechanism set out in the Issue Circular dated September 30, 2024. The valid applications received have been allocated bonds up to a maximum of 24 units (with each unit being HK$10,000). For the 166,177 applications seeking 23 or fewer units, they will be allocated the full amounts applied for. The remaining 134,236 applications (i.e. those applying for more than 23 units) will be allocated 23 units each and then entered into a ballot. Of these applications, 23,737 will be allocated one additional unit.      The Silver Bond will be issued on October 23, 2024, under the retail part of the Infrastructure Bond Programme. Notifications on individual allocation results, applicable subscription moneys and refund of application moneys in excess of the allocated portion will be sent to applicants in accordance with the schedule set out in the Issue Circular.      The Financial Secretary, Mr Paul Chan, said, “This is the first batch of Silver Bond issued under the Government’s Infrastructure Bond Programme, which will support infrastructure projects for the good of the economy and people’s livelihood, and provide our citizens with a ‘sense of participation’ and a ‘sense of gain’ in support of Hong Kong’s long-term development projects. The positive response in subscription shows that Silver Bond continues to be well-received by senior residents. Silver Bond can provide a safe, reliable and low-risk investment option with steady returns for senior residents, rendering financial services means to better serve the needs of the public and the community. We will keep the effectiveness of the scheme and future arrangements under review, taking account of investor response, market conditions and other relevant considerations.”

     
    Ends/Monday, October 21, 2024Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Russia: Recruitment has begun for the targeted training program in procurement management from Gazprom Neft

    MILES AXLE Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    In October, the traditional recruitment for the additional professional education program “Procurement Management at Oil and Gas Complex Enterprises” started, which is implemented by the Institute of Industrial Management, Economics and Trade with the support of PJSC Gazprom Neft. In the 2024-2025 academic year, this is already the eleventh launch of the advanced training program.

    This program trains specialists in procurement and logistics for the oil and gas industry. The training is targeted and lasts two semesters, intended for master’s students, fifth-year specialists and fourth-year bachelor’s students of SPbPU. To enroll in the program, you must have an average diploma grade of at least 4.0 and be ready to undergo an internship in any region where Gazprom Neft subsidiaries are present.

    Each year, no more than 13 students are admitted to the program, each of whom undergoes a multi-stage selection process. After submitting an application, including a questionnaire, resume, and motivation letter, the applicant must undergo verbal and digital testing, as well as an interview with Gazprom Neft representatives.

    During their studies, students master about 20 educational modules. Among them: organization of procurement activities, project supply management, management of relationships with counterparties, transport and warehouse logistics, inventory management, basics of accounting and taxation in procurement. Classes are taught by teachers of the Polytechnic University and invited experts from Gazprom Neft.

    After the theoretical course, students undergo a mandatory four-week internship at the Gazprom Neft group of companies. The program ends with the defense of their diploma theses. Students who have proven themselves during their studies and internship are offered jobs at Gazprom Neft or its subsidiaries located in many cities in Russia.

    Training in the program and summer practice of students are financed by PJSC Gazprom Neft.

    The additional education program has been implemented by the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade on the basis of the Master’s program “Management in the Oil and Gas Complex”, within the framework of cooperation with Gazprom Neft since 2015.

    You can follow the news about the program on the website and in the university’s social networks, as well as in the group “Management in the oil and gas complex”.

    Contacts for admission questions:

    From SPbPU: program administrator Vyacheslav Dmitrievich Melehin, e-mail: v4mr@yandex.ru

    From Gazprom Neft: Ekaterina Igorevna Ershova, e-mail: dpo@gazprom-neft.ru

    Link to the registration form

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbstu.ru/media/nevs/education/recruitment has begun for the targeted-training-programme-for-procurement-management-from-Gazprom-neft/

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI United Kingdom: Real estate programmes reaccredited by global professional body The MSc and MA Real Estate programmes at the University of Aberdeen’s Business School have been reaccredited by the sector’s leading professional development body.

    Source: University of Aberdeen

    The University is marking 50 years of delivering Real Estate degree programmes. Photo credit: ThirdmanThe MSc and MA Real Estate programmes at the University of Aberdeen’s Business School have been reaccredited by the sector’s leading professional development body.
    Now in its 50th year of delivering Real Estate degree programmes, the University has seen all eight courses reconfirmed as meeting a globally-recognised standard of surveying education by the Royal Institution of Chartered Surveyors (RICS).
    They are the MSc Real Estate, MSc Finance and Real Estate, MA (Hons) Real Estate, MA (Hons) Finance and Real Estate, MA (Hons) Business Management and Real Estate, MA (Hons) Economics and Real Estate, MA (Hons) Accountancy and Real Estate; and MA (Hons) International Business with Real Estate specialism.
    The panel consider a number of areas during the review process, including student experience, the quality of the programme content and teaching staff, access to resources and the relevance of the curriculum to industry.
    Fiona Stoddard, lecturer in real estate and director of student experience at the Business School, said: “We are delighted to have received our  reaccreditation from RICS, adding further confidence that our real estate programmes continue to meet the highest international standards and support students who wish to pursue a rewarding career in the sector.
    “Our graduates are able to seek employment in a range of surveying specialisms through our degree accreditations.”

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Russia: Rosneft enterprises held an environmental championship in the Kadosh forest park in Tuapse

    MILES AXLE Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    RN-Tuapse Marine Terminal (part of the Commerce and Logistics Block of Rosneft Oil Company) organized the Championship in Sports Garbage Collection among the Company’s enterprises operating in the Tuapse District of Krasnodar Krai. About 150 volunteers took part in the environmental action to clean up the natural monument – Kiselev Rocks, including employees of the terminal, RN-Tuapse Oil Refinery, a branch of SIBINTEK Investment Company, RN-Uchet, as well as activists of the youth “Movement of the First”, students, environmentalists and concerned local residents.

    “RN-Tuapse Marine Terminal” and the Tuapse District Administration held a joint environmental campaign in the format of sports competitions for the third time. Teams of participants collected the maximum amount of household waste in the forest park for a time. Each team brought the collected bags to the judges’ site, where the judges determined the winners. Volunteers also sorted the waste for further recycling. The first place in the Championship was taken by the team of organizers – “RN-Tuapse Marine Terminal”, the second – “SIBINTEK”, the “bronze” was won by the “Movement of the First” team. The participants of the Championship collected more than 10 cubic meters of household waste, returning the pristine appearance of the natural area popular with tourists.

    The Kiselev Rock cleanup campaign is the oil workers’ contribution to the development of the environmental movement, as well as the involvement of the population in preserving the unique nature of Kuban, promoting sports and a healthy lifestyle.

    Preserving the environment for future generations is an integral part of Rosneft’s corporate culture and social policy. The company also pays attention to developing a healthy lifestyle culture and comprehensively supports sports.

    “RN-Tuapse Marine Terminal” in its activities is guided by high environmental standards of rational use of natural resources and preservation of a favorable environmental situation in the region of presence. Every year the enterprise participates in the “Earth Hour” and “Green Spring” campaigns, and also holds clean-up days, maintains the cleanliness of the road leading to the city beach of Tuapse. Such events not only help to preserve the unique nature of the Tuapse region, but also contribute to environmental education, popularization of an environmentally responsible lifestyle.

    Reference:

    Kiselev Rock is a natural monument that has become part of the protected Kadosh forest park, which occupies 300 hectares in the picturesque Tuapse region of Krasnodar Krai. The forest park is home to 30 species of trees and shrubs, 7 vines, 255 species of herbaceous plants, including rare orchids.

    Kiselev Rock is famous as the location where episodes of Leonid Gaidai’s film “The Diamond Arm” were filmed. Tourists visiting these places not only admire the beauty of nature, but also immerse themselves in the atmosphere of the famous film.

    Department of Information and Advertising of PJSC NK Rosneft October 21, 2024

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220929/

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI: Leil Storage: Green File Storage for Africa

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, Oct. 21, 2024 (GLOBE NEWSWIRE) — In alignment with Africa Human Rights Day, Leil Storage announces the expansion of its Green Storage Initiative, an endeavor set to revolutionize file storage across Africa. This initiative underscores commitment to sustainability and affordability, promising a profound impact on the continent’s digital infrastructure.

    Energy- and Cost-Effective Solutions

    Leil Storage is setting standards in energy efficiency and cost-effectiveness with its storage solutions. These solutions achieve a remarkable 43% reduction in electricity usage and lower power consumption per terabyte. Such advancements are particularly beneficial for data-intensive sectors including healthcare, oil and gas, telecommunications, research, educational institutions, local providers, and scientific organizations.

    Meeting Africa’s Data Demands

    Africa’s storage industry is projected to grow significantly by 2030, Leil Storage’s sustainable solutions are timely and essential. This growth is driven by the continent’s increasing population and rapid digitalization, making offerings crucial for addressing these evolving needs.

    Unprecedented Pricing Structure

    The Green Storage Initiative introduces a groundbreaking pricing model: storage at just 0.8 EUR per terabyte per month, charged upfront. This all-inclusive rate covers all necessary hardware, networking equipment, software, support, and upgrades—excluding only freight—providing both end users and partners with a comprehensive and transparent solution. This pricing is unprecedented in the industry and applies to capacities starting from 10 petabytes. For smaller capacities, we invite discussions to tailor solutions that meet specific needs.

    Commitment to Sustainability

    Central to our initiative is a commitment to green features and sustainability. By reducing energy consumption, Leil Storage aligns with global efforts towards sustainable development. This enables African nations to leapfrog outdated technologies and avoid extensive data migrations, fostering sustainable growth across the region.

    Collaborative Efforts for a Sustainable Future

    Leil Storage actively seeks partnerships in distribution as part of this initiative. We are dedicated to working together towards a sustainable digital future in Africa and welcome interested parties to join us on this journey. We encourage all interested bodies—including research and scientific, educational, CSPs — to get in touch by writing to africa@leil.io.

    “Leil Storage offers more than just products; we offer a vision for a greener, more sustainable future in data storage, tailored to meet the unique challenges and opportunities in Africa,” stated David Gerstein, CTO at Leil Storage. By embracing innovative solutions and fostering collaboration, Leil Storage is not only transforming data storage but also contributing significantly to the sustainable development of Africa.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cd54fc9-37db-45af-8a59-1bd9df843b3e

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Bitget Announces Pre-Market Trading for Cros Token (CROS) AI Platform for In-Game Advertising

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 21, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Cros Token (CROS) in pre-market trading, allowing users to trade the token ahead of its official spot trading debut. The pre-market period will run from October 17, 2024, 10:00 (UTC), to October 23, 2024, 10:30 (UTC), with spot trading beginning shortly after on October 23, 2024, at 11:00 (UTC). This early trading option is designed to give users a unique opportunity to participate in the CROS market prior to its full availability.

    Bitget’s pre-market trading platform allows users to engage in over-the-counter transactions of new tokens before their official listing. This feature offers a peer-to-peer marketplace where buyers and sellers can negotiate prices, facilitating advanced liquidity and strategic investment opportunities. Participants can secure coins at favorable prices, allowing for optimized investments without the immediate need for sellers to possess the coins.

    Cros Token (CROS) is an Ethereum Layer 2 token with an advanced AI platform designed for in-game advertising. This platform connects advertisers, developers, and a global audience of over 3 billion players, providing developers with tools to monetize games and enabling advertisers to reach a vast, diverse gaming ecosystem. With non-disruptive, immersive ads integrated directly into gameplay, the platform offers advertisers the ability to engage users across mobile, PC, console, and gaming metaverses.

    CROS has a total supply of 1,000,000,000 tokens, positioning itself as a forward-looking project in the intersection of blockchain, gaming, and advertising sectors. Its unique approach to in-game advertising and developer collaboration aims to enhance player experiences while generating revenue streams within the growing digital entertainment industry.

    Bitget’s introduction of CROS through its pre-market mechanism shows the platform’s strategy to provide users early access to emerging blockchain projects. This early engagement benefits both the token’s market exposure and user participation, making it an integral part of Bitget’s expanding crypto ecosystem.

    Bitget has established itself as one of the leading crypto spot trading platforms, offering a diverse selection of over 800 coins and more than 900 trading pairs across various ecosystems, including Ethereum, Solana, Base, and recently, TON. The pre-market platform, launched in April 2024, has facilitated early access to over 150 high-profile projects such as EigenLayer (EIGEN), Zerolend (ZERO), Notcoin (NOT), and ZkSync (ZKSYNC), providing a unique opportunity for investors to engage with emerging tokens at an early stage. The addition of CROS to this lineup further enhances Bitget’s commitment to offering users access to promising Web3 projects.

    CROS’s introduction on Bitget’s platform signifies a growing interest in AI-gaming projects that incorporate both gaming mechanics and financial elements, creating a symbiotic relationship between entertainment and decentralized finance. This listing is expected to attract a diverse range of participants, from avid gamers to crypto enthusiasts, who are eager to explore and invest in the evolving landscape of blockchain.

    For more information on CROS, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1aef26a1-22b6-43d4-adf2-d838cba25432

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Golar LNG Limited – Q3 2024 results presentation

    Source: GlobeNewswire (MIL-OSI)

    Golar LNG’s 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at http://www.golarlng.com

    We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

    a. Listen-only live webcast link
    Go to the Investors, Results Centre section at http://www.golarlng.com and click on the link to “Webcast”. To listen to the conference call from the web, you need to have a sound card on your computer, but no special plug ins are required to access the webcast.  There is a “Help” link available on the webcast pages for anyone who may have issues accessing.

    b. Teleconference

    Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call.

    When you log in, you can either dial in using the provided numbers and your unique PIN, or select the “Call me” option and type in your phone number to be instantly connected to the call. Use the following link to register.

    Please download the presentation material from http://www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

    If you are not able to listen at the time of the call, you can assess a replay of the event audio for a limited time on http://www.golarlng.com (Investors, Results Centre).

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Gilat to Report Third Quarter 2024 Results on Wednesday, November 13th

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its third quarter 2024 financial results on Wednesday, November 13th, 2024.

    Conference Call and Webcast 
    Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat’s third quarter 2024 results and business achievements and participate in a question and answer session: 

    Date:  Wednesday, November 13, 2024
    Start:  09:30 AM EST / 16:30 IST
    Dial-in: US: 1-888-407-2553
      International: +972-3-918-0609
       

    A simultaneous webcast of the conference call will be available on the Gilat website at http://www.gilat.com and through this link: https://veidan.activetrail.biz/gilatq3-2024

    The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.

    About Gilat 
    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

    Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://gilat.com/

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah and Iran; and other factors discussed under the heading “Risk Factors” in Gilat’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and Gilat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer 
    hagayk@gilat.com

    Gilat Satellite Networks
    Mayrav Sher, Head of Finance and Investor Relations 
    MayravS@gilat.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI Asia-Pac: Speech by SJ at Law, Peace and Harmonious Development Roundtable III (English only)

    Source: Hong Kong Government special administrative region

         Following are the opening remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Law, Peace and Harmonious Development Roundtable III today (October 21):
     
    Distinguished guests, ladies and gentlemen,
     
         Good afternoon. On behalf of the Department of Justice, I would like to extend our warmest welcome to everyone here, who may have travelled far to attend this meaningful event.
     
         The topic of today’s event is a well-chosen one. One special feature of international arbitration is that it brings together individuals from diverse cultures and backgrounds to resolve cross-border disputes. With different cultural backgrounds, it is not difficult to imagine that parties and practitioners may have different approaches or practices in resolving disputes. Given the challenges that these cultural differences may at times pose, it is crucial for dispute resolution practitioners to not just master the necessary legal knowledge and skills, but also to understand different cultures of the participants towards “harmony” and how they may impact on the dispute resolution process. I believe today’s discussions on exploring the culture of harmony across users would bring us new perspectives and greatly facilitate our work.
     
         Today, the roundtable focuses on collaborative dispute resolution practices. The concept of collaborative arbitration is a novel one, not least because arbitration has traditionally been recognised and practised as an adversarial dispute resolution process.  Nevertheless, in recent years, with the increasing calls for greater efficiency and reduced cost in the arbitral process, it is extremely timely and worthwhile for us to explore this topic and examine the benefits collaborative dispute resolution practices may bring to arbitration users and practitioners in a more co-operative working relationship. I am sure our distinguished speakers today will give us new insights on how to overcome the time and cost challenges inherent in arbitration.
     
         Over the years, the Department of Justice is committed to promoting peaceful dispute resolution and access to justice as well as building inclusive institutions at all levels, which align with the objectives set out in United Nations Sustainable Development Goal No. 16 – Peace, Justice and Strong Institutions (SDG 16). 
     
         SDG 16 is about promoting peaceful and inclusive societies, providing access to justice for all and building effective, accountable and inclusive institutions at all levels. In terms of peaceful dispute resolution, Hong Kong enacted the Apology Ordinance in 2017 to encourage the making of apologies, and we are the first jurisdiction in Asia to enact such a piece of legislation. It provides that in most civil proceedings, an apology does not constitute an express or implied admission of fault or liability and must not be taken into account in determining fault, liability or any other issue to the prejudice of the apology maker. In particular, an apology is generally not admissible as evidence for determining fault, liability or any other issue. Without such a legislation, the alleged wrongdoer would be reluctant to say sorry, fearing that it might be used against him or her in legal proceedings. The refusal to say sorry at all would give the alleged victim the impression that the other side has no sincerity to resolve the dispute, which may escalate to the dispute and widen the gap for reaching settlements.
     
         Since 2009, we have also launched the Mediate First Pledge campaign to encourage the use of mediation as the first step to resolve disputes. The Mediate First Pledge is a non-legally binding commitment by pledgees to first explore the use of mediation to resolve disputes before resorting to other means of dispute resolution, such as court litigation. As of today, over 890 companies, organisations and individuals have signed the Pledge and the number is still growing. Apart from holding this event locally, we also hope to spread the awareness of peaceful dispute resolution in our surrounding jurisdictions. In March last year, the Department of Justice collaborated with the Thailand Arbitration Center to promote the Mediate First Pledge in Thailand for the first time during our Resolve2Win promotional campaign. The event was well-received and 35 legal and business organisations, enterprises and individuals in Bangkok agreed to sign the Pledge to support first exploring the use of mediation to resolve disputes.
     
         Further, as stated in the Chief Executive’s 2023 Policy Address, one of the major policy initiatives of the Department of Justice is to deepen mediation culture in various sectors of community. This coincides closely with the objective of today’s roundtable session, which is to promote a culture of peace and harmony as the philosophical foundation for peaceful dispute resolution. It is our vision that mediation can be used to effectively resolve conflicts in various sectors of the community, and can help to build a harmonious and stable society and foster a culture that embraces mutual support, respect, harmony and inclusiveness. To this end, we are working to incorporate a mediation clause in all government contracts so as to promote the use of mediation as a means to resolve disputes amicably. By incorporating such a mediation clause, we hope that the government departments could, as far as practicable and to the extent appropriate, first consider using mediation to resolve disputes. To take a step further, we will also encourage private parties to include similar mediation clause(s) in their contracts, which will help promote the Mediate First culture.
     
         As announced by the Chief Executive in his 2024 Policy Address last week, the Department of Justice will further promote mediation culture in the coming year. We plan to co-operate with the Civil Service College to provide more mediation training to civil servants. Meanwhile, we will also launch a two-year community mediation pilot scheme to deepen the mediation culture in the community through the training of community workers so as to help them gain a better understanding towards mediation and empower them with mediation skillsets in resolving the daily disputes.
     
         To further strengthen our role as an international mediation centre, we will also enhance the system on local accreditation and disciplinary matters of the mediation profession. We hope that by doing so, we would be able to reinforce the professionalism of mediators and instil confidence among individuals and businesses in the use of Hong Kong’s mediation services. In this regard, the Department of Justice has already set up a working group for reviewing the current system and making recommendations.
     
         Apart from the above, the Government is also supportive of using mediation to resolve family disputes. The Home and Youth Affairs Bureau recently launched the Maintenance Mediation Pilot Scheme through the Community Care Fund to subsidise a non-governmental organisation in providing mediation services on maintenance to people who are eligible for the Pilot Scheme, including maintenance payers and payees. Parties involved in maintenance payment disputes are eligible to apply for the Pilot Scheme free of charge, provided that one of the parties is a Hong Kong resident and meets the income eligibility limit. The Pilot Scheme is run for three years and is expected to process a total of 1 200 cases, benefitting 2 400 separating or divorcing persons.
     
         One related development I should mention is the establishment of the headquarter of the International Organization for Mediation (IOMed) in Hong Kong, which will certainly contribute to peaceful dispute resolution across the world. The IOMed will be the world’s first intergovernmental organisation dedicated to settling international disputes by mediation. It will be a valuable complement to the existing dispute resolution mechanisms, offering new options for the peaceful settlement of international disputes. I am pleased to inform you that the last round of negotiations of the international convention relating to the establishment of the IOMed were successfully concluded last week. The signing ceremony of the relevant international treaty will be held in Hong Kong next year. The Department of Justice will continue to do its utmost to provide support so that the IOMed will commence operation soon.
     
         Another significant development I must mention is that the Hong Kong International Legal Talents Training Academy will be officially launched this year. To make good use of Hong Kong’s bilingual common law system and international legal status, the Training Academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talents in regions along the Belt and Road region. It will also provide training for talents in the practice of foreign-related legal affairs for the country, and nurture legal talents who are familiar with international law, common law, civil law, so on and so forth. The dedicated office and expert committee established under the Department of Justice are pressing ahead with the related work. In future, we may use this capacity building platform to enable practitioners from different jurisdictions to exchange ideas on how to promote the culture of harmony.  
     
         Last but not least, I would like to thank the organisers and supporting organisations for their relentless contributions and efforts in holding this event and promoting peaceful dispute resolution processes. I am hopeful that today’s discussions will spark more useful ideas on peaceful dispute resolution. We also hope to take this opportunity to encourage all of you to join our annual flagship event, the Hong Kong Legal Week, which will take place two weeks later, from November 4 to 8. For those coming from overseas, I wish you all a pleasant stay in Hong Kong. I wish to close by wishing you all fruitful exchanges and discussions in the sessions to come. Thank you very much.

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Global: Turkey attempts to broker power between east and west as it bids to join Brics

    Source: The Conversation – UK – By Bulent Gökay, Professor of International Relations, Keele University

    In a significant diplomatic manoeuvre that may have far-reaching implications for the international system of alliances, Turkey has submitted a formal request to join Brics, the group of emerging-market economies, signalling its intent to diversify its partnerships beyond the west.

    The Brics grouping, named after Brazil, Russia, India, China, and South Africa, comprises some of the world’s largest economies. Earlier this year, it welcomed four new members: Iran, the United Arab Emirates, Ethiopia and Egypt. Although Saudi Arabia has been invited to join, the official process is yet to take place. Often viewed as an alternative to western-led organisations such as the EU, G7 and Nato, Brics signifies a significant shift in global power dynamics.

    Ankara’s decision could be a strategy to strengthen relations with non-western powers as the global economy’s centre continues to shift away from the west, but is also about chasing more trade with Brics members.

    Announced ahead of the Brics summit starting on October 22, Turkey’s application has raised questions about the broader implications for its role within Nato. If accepted, Turkey would be the first Nato member of Brics. However, this is not to say that Turkey is entirely turning away from the west. Turkey’s institutional ties with the western world run deep. At most, this move signals Turkey’s president Recep Tayyip Erdoğan’s intention to increase the government’s flexibility in its foreign relations.

    Erdoğan said on September 1 that this move shows Ankara’s aims to cultivate ties with all sides simultaneously to “become a strong, prosperous, prestigious and effective country if it improves its relations with the east and the west simultaneously”.

    Turkey’s acceptance into the group could be discussed during the upcoming 16th Brics summit, in Kazan, Russia. Malaysia, Thailand and Azerbaijan are among other countries expecting to join.

    Between east and west

    Turkey’s balancing act between east and west is not a recent phenomenon but a continuation of its policies since the end of the cold war, and is in line with its geographical position at the edge of Europe and Asia.

    This strategy has been central to Turkey’s intricate, at times conflicting, approach to international relations and remains pertinent in an increasingly complex world. The shift from a unipolar world – the idea that the world is dominated by one super power – to one with more global powers has led all governments to reassess their foreign policies, and Ankara is no different.

    Turkey’s longstanding commitment to Nato makes it highly unlikely that its willingness to join the Brics group signifies a move away from its western allies. Since 2016, Turkey has strengthened its economic, political, and military ties with Russia and China, and its recent application to the Brics group reflects this trend. According to some experts in Turkish foreign policy, while this development may raise concerns in western capitals, there is no pressing reason for the west to be alarmed about Turkey making concessions to Russia or acting independently of Nato.

    Map of the Black Sea region.
    Shutterstock

    There are two incentives driving Turkey’s application. According to Sinan Ülgen, director of the Istanbul-based Centre for Economic and Foreign Policy Studies: “The first is Turkey’s aspiration to enhance its strategic autonomy in foreign policy which essentially involves improving ties with non-western powers like Russia and China in a way to balance the relationship with the west. The second is the accumulated frustrations over the relationship with the west. For example, the EU has not even been able to decide on the start of negotiations on the updating of the customs union, its trade deal with Turkey that dates back to 1996.”




    Read more:
    Bottled up in the Black Sea: Russia is having a dreadful naval war, hindering its great power ambitions


    Control of the Black Sea

    Turkey has been keen on joining the Brics group since 2018. Putin, during a meeting with Turkish foreign minister Hakan Fidan in Moscow in June this year, welcomed Ankara’s interest and promised that Moscow “will support this desire to be together with the countries of this alliance [Brics], to be together, closer, to solve common problems”.

    Since the war in Ukraine, Russia has been making extra efforts to gain the support of more countries. Turkey holds a particular significance in this effort due to its strategic location, and its control of the Black Sea straits, an essential trade route for both Ukraine and Russia. The Black Sea has played an important part in the Ukraine war, and Turkey has been part of an alliance that has stymied Russia’s attempts to fully control the waters, and allowed Ukraine to continue to use the waters.

    The Montreux Convention regulates maritime traffic through the Turkish Straits. The convention distinguishes between Black Sea and non-Black Sea powers, acknowledging specific advantages for the former, which includes Ukraine and Russia.

    In March 2022, Erdoğan indicated that the convention allows Turkey to restrict the passage of naval vessels belonging to warring parties. Putin may be hoping that with Turkey on board as a Brics ally he may be able to persuade Ankara to give him more leeway. Currently Russia’s inability to control the Black Sea and cargo ships within it are seriously weakening its ability to constrain Ukraine’s economy.

    Turkey anticipates that Brics membership will enhance its geopolitical standing and expand its economic influence, especially in non-western markets. Most importantly, leveraging its geopolitical position to influence global affairs and pursuing a more balanced and diversified foreign policy.

    It is evident that Turkey aims to maintain its connections with the west while also desiring the flexibility to engage with other regions. It is highly improbable that this would lead to a significant overhaul of Turkey’s ties with western countries. It may, however, cause concern among fellow Nato members about how much they can rely on Turkey in the future.

    Bulent Gökay 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. Turkey attempts to broker power between east and west as it bids to join Brics – https://theconversation.com/turkey-attempts-to-broker-power-between-east-and-west-as-it-bids-to-join-brics-238383

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: A new ‘race science’ network is linked to a history of eugenics that never fully left academia

    Source: The Conversation – UK – By Lars Cornelissen, Academic Editor, Radboud University

    Antonio Marca/Shutterstock

    The Guardian and anti-fascist group Hope Not Hate have revealed the existence of a new network of far-right intellectuals and activists in an undercover investigation. Called the Human Diversity Foundation (HDF), this group advocates scientific racism and eugenics. Although it presents itself as having a scientific purpose, some of its figureheads have political ambitions in Germany and elsewhere.

    Research shows these kinds of groups are nothing new and are linked to eugenics groups that have been active since the second world war. Defending the scientific legitimacy of eugenics, these organisations worked to keep a discredited intellectual tradition alive.

    Although it has been debunked by decades of research evidence, eugenics once enjoyed a reputation as a credible science since it emerged in the late 19th century.

    First coined by Francis Galton, a prominent Victorian statistician and evolutionary theorist, the term eugenics refers to the study of what Galton considered favourable and unfavourable genetic patterns within the population. Galton believed that the principles of evolutionary theory could be applied to the human species and used to intervene in its genetic fitness.

    Galton and other early eugenicists advocated policies that would ensure that groups they believed held “desirable” traits, such as high intelligence, creative ability, or productivity, could reproduce in greater numbers than groups with less favourable genetics. Some even believed that “undesirable” groups should be prevented from reproducing, through forced sterilisation or abortion.

    Ruling elites used eugenics to justify brutal treatment of disabled people, ethnic minorities, colonial populations, and LGBTQ+ people.

    In the 1930s these ideas came to form the bedrock of Nazi race doctrine. Eugenics was a key component of Nazism and shaped both formal fascist ideology and how the Nazi regime treated its victims.

    Before the second world war, many researchers regarded eugenics as a legitimate science. But in the aftermath of the war came a shift in attitudes, and scientists and society came to view eugenics as scientifically false and morally objectionable.

    Instead of disappearing from academia, however, eugenics merely retreated into the
    margins. Racial research became the focus of a handful of groups intent on keeping
    the eugenics tradition alive.

    Though they operated on the fringes of academia, these groups received financial support from private donors. The most prominent of these donors was the Pioneer Fund, a charity established in 1937 to support race science and white supremacy in the US and elsewhere.

    These groups were close-knit. United by a shared sense of exclusion from the
    academic mainstream, the people involved were prolific writers and together
    generated a large body of work. They inflated their own citation counts by frequently referencing each other’s work and, in this way, established the impression of scientific rigour.

    Pseudoscientific journals

    Seeking to salvage the reputation of eugenics as a legitimate science, these groups
    tended to cluster around journals and periodicals.

    Chief among these was Mankind Quarterly, established in 1961 by a group called the International Association for the Advancement of Ethnology and Eugenics (IAAEE). Some decades later ownership of the journal was transferred to the Ulster Institute for Social Research, a eugenicist think tank founded and directed by Richard Lynn. Lynn is widely considered the intellectual figurehead of 21st-century eugenics.

    The Mankind Quarterly quickly became known as a bastion of scientific racism. It published work by notorious pseudoscientists, neo-fascists, and such controversial political figures as former British MP Enoch Powell, remembered for appealing to racial hatred in his speeches.

    Other similar journals emerged in the following decades. In France, Nouvelle École (“New School”) was established in 1967 by a white nationalist group. In Germany, Neue Anthropologie (“New Anthropology”) was first published in 1973.

    These publications were part of the same networks. Their editors received funding from the same sources, including the Pioneer Fund, they published translations of each other’s articles, and their editorial boards overlapped.

    Eugenics today

    Reported to have developed out of the Pioneer Fund and to have taken ownership of Mankind Quarterly, the HDF is the successor to earlier groups like the IAAEE and the Ulster Institute.

    Today, the eugenics movement is experiencing a period of uncertainty following the
    death of Richard Lynn in July 2023. When he died, Lynn was the director of the Pioneer Fund and the editor-in-chief of Mankind Quarterly. Organisations like HDF, led by people who have worked closely with Lynn, are trying to fill that void.

    Whether the HDF will survive public scrutiny remains to be seen. But the broader networks from which it emerged are arguably stronger than at any previous moment in post-war history, facilitated by the rise of the far right and online extremism. All of which means it has never been more important to remember the tradition’s history.

    Lars Cornelissen 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. A new ‘race science’ network is linked to a history of eugenics that never fully left academia – https://theconversation.com/a-new-race-science-network-is-linked-to-a-history-of-eugenics-that-never-fully-left-academia-241646

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Sweden’s libraries caught in a political row about drag story hour

    Source: The Conversation – UK – By Lisa Magdalena Engström, Senior lecturer in Library and information science, Lund University

    Shutterstock/Bezbod

    Drag story hour is “nothing other than indoctrination and sexualisation of children”, claimed Sweden Democrats politician Jonathan Sager during a session of the local parliament in Kalmar, southern Sweden, in 2022. He was reacting to plans to organise a drag story hour event at the local library, where drag queens would read to children, challenging norms of gender and sexuality. He called (unsuccessfully) for the event to be cancelled.

    For someone not familiar with recent political trends in Sweden, Sager’s view may seem out of character for a country known for its tolerance and progressive approach towards sexual minorities. But just like other countries, Sweden is experiencing a backlash against drag story hour events. Public libraries have repeatedly been the target of hatred and threats from radical right actors, including politicians. Culture wars, often associated with the polarised political climate of the US, have now firmly taken root in Scandinavia.

    In the US, objections against drag queen story hour form part of a larger wave of protests against LGBTQ+ content in libraries, also manifested in attempts to have certain books banned. Although book bans are not as common in Sweden, tensions have arisen over what children read and who reads to them.

    As a result, public libraries, and especially their reading promotion activities for children, are now at the centre of polarising conflicts between the radical right and its opponents.

    Sweden is far from immune to the global growth of far-right influence. Sweden Democrats (Sverigedemokraterna or SD), became the second largest party in the national parliament following the most recent election in 2022. The current government depends on their support to function. The party has neo-nazi roots and, despite cleaning up appearances, its representatives still push overtly anti-immigration, white supremacist viewpoints.

    Like many parties of the radical right, SD promotes a conservative view on culture, gender and family, so its opposition to drag story hour is not surprising. However, there is a deeper conflict over the future of Swedish society at play here, too.

    We looked at five instances of political conflict around drag events at libraries in Sweden, finding common themes of dispute over culture and what constitutes a good society.

    ‘Defending’ our children

    In Kalmar, as well as in Trelleborg, another municipality in southern Sweden, local Sweden Democrats have (unsuccessfully) tried to block drag story hours at libraries by arguing that they were “defending” children. In Kalmar, the organiser was accused of “sexualising children”, as though there is something inherently sexual about a drag queen wearing a dress. Sager argued that material that is “gender creative, gender critical or norm critical” should not be used for events involving children.

    Historically, reading promotion activities are part of this fear of harmful influence. For instance, certain types of fiction have been portrayed as having a demoralising effect, leading to initiatives that encourage children to read “quality literature” instead. In Sweden, there is less of a debate around the content of children’s literature, so there aren’t US-style arguments about banning books. But there are heated conversations around the act of reading, especially with children.

    Reading together teaches children to support democratic values, such as by fostering empathy and understanding. Drag story hour fits well with this perspective because it promotes values of acceptance, diversity and positive self-identification. These are values that are expressions of the characteristic emphasis on equity and pluralism in Swedish cultural policy.

    But by ticking these boxes, drag story hour clashes with the politics of the radical right, making the conflict emblematic of a larger tussle over the direction of Nordic cultural policy.

    The dilemma of the safe space

    The dispute around drag story hour has also inflamed arguments about the meaning of safety in a modern society. Is the safest option to bring security into a library or does that very security compromise the library as a safe space?

    In the municipalities of Älmhult and Olofström, in southern Sweden, libraries decided against holding drag story hours because of safety concerns. They felt that bringing in guards was not an option because that would be “completely at odds” with the openness of the library. Visible security measures were seen as incompatible with being a safe space.

    In Malmö, drag story times went ahead with security guards in place. Here, a decision had been made that security measures enabled the library to be a safe space via drag story hour.

    The controversies over drag queen story telling events at public libraries in Sweden continues. Recently, a drag queen story group filed a charge against 106 people – including five SD politicians – for hate crimes. At the same time, public libraries in many parts of Sweden continue to report successful story telling arrangements in the face of opposition from the radical right.

    Fredrik Hanell has received research funding from the Crafoord Foundation (ref. no. 20210680). He is affiliated with the Swedish Green Party.

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

    – ref. Sweden’s libraries caught in a political row about drag story hour – https://theconversation.com/swedens-libraries-caught-in-a-political-row-about-drag-story-hour-241159

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Why do people do extreme sports? Some of the reasons aren’t always that obvious

    Source: The Conversation – UK – By Odette Hornby, PhD Candidate in Sports Psychology, University of South Wales

    It’s about more than danger and adrenaline. Soloviova Liudmyla/Shutterstock

    Participation in extreme sports has surged since COVID-19, with 490 million people estimated to be taking part globally. This may have been fuelled by a desire to break free from lockdown-induced monotony and an explosion of media coverage showcasing the allure of high-adrenaline activities.

    Extreme sports, like Base jumping, free solo climbing, big wave surfing and downhill mountain biking, once reserved for a small percentage of people, are now becoming more mainstream.

    But why are people willing to take such risks? As a climber myself, I was keen to find out. While the popular image of extreme sports participants often revolves around thrill seeking and adrenaline addiction, research from my colleagues and I shows there are far more complex reasons for why people participate.

    An extreme sport is defined as one in which a mismanaged mistake or accident would result in serious injury or death.

    Research has started to explore the reasons behind extreme sports participation, but there’s still a lot to uncover. Several studies have identified factors like personality, motivation, and even neurobiology as playing a role. But it remains unclear which of these consistently drives people to take part in high-risk sports.

    We started our work by conducting a systematic review to consolidate existing research on what drives people to participate in extreme sports. The studies we looked at provided important insights into the various psychological and emotional factors that motivate people to engage in high-risk activities. This helped us build a more complete understanding of the extreme sports mindset. We uncovered five motivational factors.

    Red Bull’s international marketing campaign largely revolves around extreme sports.

    1. Connection

    Participants often describe feeling at one with nature and free from the constraints of everyday life. Many also find a deep sense of belonging in the extreme sports community and are driven by the desire to push their personal boundaries.

    2. Personality

    While some people are indeed drawn to thrill seeking, many use extreme sports as a tool to regulate difficult emotions. This is particularly true for those with alexithymia, which is when people struggle to identify and express their feelings.

    3. Goals

    The drive to succeed plays a big role in why people take part in extreme sports. Of course, many athletes are motivated by setting clear goals, whether it’s winning competitions or improving their performance. In this sense, participation in extreme sport is no different from that of more traditional sport.

    For many of the respondents in the studies we analysed, goal setting boosts confidence and helps them persist through challenges. Participants also often feel a strong sense of control over their activities and find a sense of community with like-minded people.

    4. Managing risk

    Far from being reckless, participants are often highly calculated about the risks they take. They thrive on managing risk, finding excitement in navigating dangerous situations rather than avoiding them.

    5. Addiction-like urges

    Some participants exhibit behaviour resembling addiction, experiencing mood disturbances when not engaging in their chosen extreme sport. This can create a powerful urge to return, a bit like withdrawal symptoms.

    People who take part in extreme sport often thrive on managing risk.
    PhotoFires/Shutterstock

    Our findings have broader implications. They challenge the traditional view of extreme sports enthusiasts as mere “adrenaline junkies”. The research suggests that extreme sports could potentially offer therapeutic benefits, particularly for people struggling with emotional regulation.

    Far from just being about thrill seeking, these types of activities could provide an outlet for experiencing emotions that might otherwise be hard for some people to access. It opens new avenues for exploring how high-risk activities may be used to support mental health and wellbeing.

    My own work in this field is ongoing. Recently, I’ve conducted interviews with elite extreme sport participants to explore their motivations in greater depth. This new research will examine how these motivations shift over time – before, during and after participation. I’m also expanding my studies to compare the motivations driving extreme sport enthusiasts with those of non-extreme sport participants, aiming to uncover what, if anything, truly sets them apart.

    Odette Hornby 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. Why do people do extreme sports? Some of the reasons aren’t always that obvious – https://theconversation.com/why-do-people-do-extreme-sports-some-of-the-reasons-arent-always-that-obvious-239428

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: AI could transform film visual effects. But first, the technology needs to address copyright debate

    Source: The Conversation – UK – By Dominic Lees, Associate Professor in Filmmaking, University of Reading

    While many people in the creative industries are worrying that AI is about to steal their jobs, Oscar-winning film director James Cameron is embracing the technology. Cameron is famous for making the Avatar and Terminator movies, as well as Titanic. Now he has joined the board of Stability.AI, a leading player in the world of Generative AI.

    In Cameron’s Terminator films, Skynet is an artificial general intelligence that has become self-aware and is determined to destroy the humans who are trying to deactivate it. Forty years after the first of those movies, its director appears to be changing sides and allying himself with AI. So what’s behind this?

    Valued at around a billion dollars, Stability.AI was, until recently at least, headquartered above a chicken shop in Notting Hill. It is famous for Stable Diffusion, a text-to-image tool that creates hyperreal pictures from text requests (or prompts) by its users. Now it is moving into AI-created video.

    Cameron appears to see their work as a potential game changer in film visual effects: “I was at the forefront of CGI over three decades ago, and I’ve stayed on the cutting edge since. Now, the intersection of generative AI and CGI image creation is the next wave,” he commented in a media release from Stability.AI.

    Filmmakers supplement the live action reality that they shoot with two kinds of effects: special effects (SFX) and visual effects (VFX). They come at two different stages of film production. During the shoot, SFX are all the physical effects used to create spectacle – explosions, blood squibs, vehicle crashes, prosthetics, mechanical movement of sets.

    During postproduction, VFX are the digital systems that add new elements to live-action filmed images – computer-generated imagery (CGI), compositing, motion capture rendering. They also combine separately shot images together.

    James Cameron says the intersection of generative AI and CGI image creation is the ‘next wave’ in VFX.
    Paul Smith-Featureflash / Shutterstock

    A recent development of film technology, Virtual Production, has brought some VFX techniques into the film shoot. This process uses what are known as “games engines” – a technology developed for the creation of video games. Actors are filmed in front of sophisticated LED walls, which screen dynamic, pre-produced virtual worlds around the performer.

    The real-world physicality of SFX means that artificial intelligence will have very limited impact here. It is in VFX where AI may have a transformative effect. I’ll be talking about the subject of deepfakes and AI in film at a public lecture on October 30, 2024: ‘Deepfakes and AI in film and media: seeing is not believing’.

    We are also investigating the subject through the Synthetic Media Research Network, a group that I co-lead which brings together film creatives, academic researchers and AI developers. I spoke to a member of this collective, Christian Darkin, a VFX artist who now works as Head of Creative AI for Deep Fusion Films.

    He sees the impact of generative AI on VFX as creating infinite choice in post-production. In future, filming the actors will be just the beginning. “You’ll put in the background later, you’ll change the camera angles, you’ll change the expressions, you’ll ramp up the emotion in the acting, you’ll change the voices, the costumes, the people’s faces, everything,” Christian told me.

    One key motive for the film industry’s incorporation of AI into VFX is simple: the expense of traditional VFX. If you have watched the end credits of a blockbuster movie, you’ll have seen the number of VFX technicians that they employ. Generative AI offers a cheaper way to achieve spectacular screen images, potentially with no loss of quality.

    The implication is that a lot of VFX technicians will lose their jobs as a result. However, in conversations that I have had with people working in these roles there’s a sense that, being highly skilled and technologically savvy, they will probably move into new roles in emerging areas of tech.

    The ethics of AI technology

    Media creatives are now presented with a huge selection of generative AI Tools that offer new ways of creating images, text, voices and music. However, a key problem related to the technology still needs to be addressed: have these AI tools been created ethically?

    Each generative AI tool, from ChatGPT to Midjourney to Runway, rests on a foundation model that has been exposed to vast amounts of data, often from the internet, in order to help it improve at what it does. This process is called “training”.

    AI developers build huge reservoirs of training data by using “crawlers”, bots that scour the internet for useful material and download trillions of files for their own use. This can include books, music, images, the spoken word and videos, created by artists who retain copyright over their material.

    Stability.ai has been involved in a legal action over copyright in the UK courts. Getty Images, holder of a huge collection of pictures and photographs, is currently suing the company.

    A former executive at Stability.ai, Ed Newton-Rex, resigned in November 2023 over the company scraping for creative content to train the model, without payment and claiming it is “fair use”.

    Perhaps Cameron thinks that the AI developers will win the court cases against them and continue their technological trajectory. I asked Stability.ai if, before Cameron joined the company, they had scraped any of his creative material from the internet to use as training data for their foundation models – and did they ask his permission?

    Their response was: “We’re not able to comment on the source of Stability
    AI’s training data.”

    Cameron’s Terminator films warned about the potential catastrophic effects of rogue AI. Yet the director now clearly thinks that he is now sitting on a winning horse.

    Dominic Lees receives funding from the AHRC Impact Acceleration Account (University of Reading).

    – ref. AI could transform film visual effects. But first, the technology needs to address copyright debate – https://theconversation.com/ai-could-transform-film-visual-effects-but-first-the-technology-needs-to-address-copyright-debate-240348

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: People around the world are using courts to question whether climate policies are fair – new study

    Source: The Conversation – UK – By Annalisa Savaresi, Senior Lecturer, Environmental Law, University of Stirling

    Coal workers suing their government over job losses. Indigenous people using the courts to block wind farms or anti-deforestation policies that violate their cultural rights. What these cases have in common is they challenge the fairness of climate policies and projects themselves.

    Our new study, carried out with researchers from 16 universities and published in Nature Sustainability, finds that cases like these are increasingly being filed all over the world.

    We coined the term “just transition litigation” to describe these cases. This term captures a focus on ensuring that climate action balances the transition to a low-carbon economy with social justice and the protection of vulnerable communities.

    This phenomenon must be kept distinct from that of climate litigation, which tends to focus on holding governments and companies accountable for failing to reduce emissions or adapt to climate change.

    Our research began in 2020, when we started noticing a growing number of cases that didn’t fit the conventional model of climate litigation. For example, in Chile, union workers sued the government, arguing that they had been excluded from discussions regarding the phase-out of coal plants. The Chilean Supreme Court ruled in favour of the workers, emphasising that a just transition strategy — one that includes consultation with affected communities — is essential for achieving carbon neutrality.

    Similarly, in Norway, the Sami Indigenous people successfully challenged wind farm licenses, which the country’s Supreme Court found to have violated their cultural rights to herd reindeer. In Colombia, Indigenous people argued that projects aimed at reducing deforestation on their land violated their rights to self-determination and cultural integrity.




    Read more:
    Reindeer: ancient migration routes disrupted by roads, dams – and now wind farms


    In pursuit of justice

    Just transition litigation seeks to ensure that the shift toward a greener economy is fair and inclusive, particularly for those who may be disadvantaged by the rapid changes it brings. The applicants in these cases often include regular workers, Indigenous people, women, children, minorities and other groups who are typically underrepresented in legislative and decision-making processes. (Our concept of just transition litigation excludes lawsuits brought by corporations seeking to protect their own interests at the expense of broader societal fairness.)

    At the core of this litigation is the pursuit of justice. As countries shift to low-carbon economies, these policies inevitably produce both winners and losers. Oil and gas workers lose their jobs. Indigenous people are displaced or see the world around them changed by new wind or solar farms. All these people lament being treated unjustly.

    To ensure widespread support for climate policies, their grievances should not be dismissed as mere nimbyism. Rather, they should be recognised as carrying precious insights into the fairness, equity, and social impacts of climate policies and projects.

    The litigation we looked at calls upon courts to assess climate action against various different legal frameworks, ranging from constitutional and human rights law to corporate accountability standards. Some lawsuits use arguments of distributive justice, which focus on the allocation of resources and burdens. Some look at procedural justice, such as inclusive decision-making. Others want what is termed recognition justice, which focuses on respect for marginalised groups.

    Why this matters

    All this reflects a growing recognition that climate action may come at a cost to certain groups, especially those already on the margins of society. It also underscores the need to address the social justice of climate action and ensure it does not make the world even less equal.

    The core issue is that, while much attention is given to reducing greenhouse gas emissions, less emphasis has been placed on ensuring we do so equitably. This is especially the case at a time when governments in the EU , the UK and the US are announcing plans to cut the red tape and expedite the transition.

    As more communities turn to courts to seek justice, our study highlights an urgent need for policymakers to embrace inclusive, transparent and equitable processes. Decisions over who owns land, or what jobs people can do, should involve those most affected. Ensuring that climate policies are fair and just will not only protect vulnerable groups but also foster broader public support.



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

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


    Joana Setzer receives funding from the Economic and Social Research Council (ESRC), the Foundation for International Law for the Environment, and the Grantham Foundation for the Protection of the Environment

    Annalisa Savaresi 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. People around the world are using courts to question whether climate policies are fair – new study – https://theconversation.com/people-around-the-world-are-using-courts-to-question-whether-climate-policies-are-fair-new-study-241093

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Horrifying black sows and ghostly apparitions: how the magic and mystery of Wales come alive in winter

    Source: The Conversation – UK – By Mari Ellis Dunning, Associate Lecturer at the School of Languages and Literature and PhD Candidate, Aberystwyth University

    Would you dare let the Mari Lwyd in to your home? Bob Pool/Shutterstock

    For centuries, midway between the autumn equinox and winter solstice, the Welsh people have celebrated Calan Gaeaf on November 1. Nos Galan Gaeaf or “the evening before the first day of winter”, falls a day before, which the western world now recognises as Halloween.

    A time of year filled with monsters and ghouls, here are five spooky winter customs and beliefs unique to Wales and its people.

    1. Hwch Ddu Gwta

    On Nos Galan Gaeaf, the horrifying hwch ddu gwta, or “tailess black sow”, would make its annual appearance. Usually a man draped in cloth or animal hide rising from dwindling fire embers, the hwch ddu would chase the village children home.

    As the fire died and the children anticipated the materialisation of the black sow, they would often chant a spooky verse, like: “Adref, adref am y cynta’, Hwch Ddu Gwta a gipio’r ola,” (“Home, home, at once, the tailess black sow shall snatch the last one.”)

    Juliette Wood, scholar of Celtic folklore, says the macabre ritual has its roots in beliefs about the souls of the dead, people and animals. But on a practical level, it was probably just an effective way of getting children to bed and teaching them about the dangers of straying from the group.

    2. Fortune telling

    Fortune telling would have been rife at this time of year. Questions over who was next to be married, and who may meet an untimely death, were particularly popular. Women looking for love may have wandered around the bounds of a church, chanting “here is the sheath, where is the knife”, hoping to hear the name of the person they would marry as a response.

    In some parts of the country, stwmp naw rhyw, a mash made of nine different root vegetables with milk, butter, salt and pepper, would have a wedding ring placed at the centre. Whoever found the ring in their serving would be the next to be married.




    Read more:
    Why so few witches were executed in Wales in the middle ages


    Though these particular practices were performed at Calan Gaeaf, the widespread belief in fortune telling certainly wasn’t unique to this time of year, nor Wales, of course.

    But Wales does have a long history of reliance on wise-women and soothsayers. Many Welsh people even regularly turned to the church for charms and curses.

    3. Y Ladi Wen and other apparitions

    Regarded as a seasonal boundary, Nos Galan Gaeaf was considered the most ominous of the three spirit nights. The others were Nos Galan Mai, which heralds the beginning of summer, and Noswyl Ifan, known also as the summer solstice.

    As Nos Galan Gaeaf was a time to say goodbye to the recently deceased, the spirits were said to roam freely. Ghosts of the dead were believed to be seen at midnight on every stile, for example. And it makes sense that ghosts were to be found atop stiles. The fact that unbaptised children used to be buried at boundary fences suggests that these lines were liminal places and therefore the favourite perches of ghosts and apparitions.

    Perhaps the most well known of these ghosts was Y Ladi Wen (the White Lady). Y Ladi Wen was an apparition who could be found haunting locations where violent deaths had occurred. She was also said to warn children about their bad behaviour.

    4. Mari Lwyd

    The Mari Lwyd is traditionally a Christmas and New Year wassailing folk custom popular in south Wales. It dates back to the 18th century and involves a horse’s skull placed on a pole, draped in ribbons.

    A person hiding beneath a white sheet would carry the pole and snap the horse’s jaw open and shut. A procession led by Mari would go from house to house, where the group would sing verses asking to be let inside, prompting the hosts to improvise a rebuttal in verse.

    The Mari Lwyd’s weird and somewhat terrifying appearance has led to her appearing earlier in the season, and adopted in different parts of Wales and as far afield as the US and Australia.

    5. Gwrachod Powys

    Perhaps the most sinister and spooky custom is one that could be found in Powys, mid-Wales.

    Men would wander around in gangs wearing sheep skin, old ragged clothes and masks, drinking heavily and demanding gifts. They were called “gwrachod” (meaning hags or witches), probably in allusion to the Celtic belief that fiends, witches and faeries carried out their harmful and destructive tasks at night.




    Read more:
    Nos Galan Gaeaf: the traditional Welsh celebration being eclipsed by modern Halloween


    In the north, the name “gwrachod” was also used to describe men and women who went about their neighbours’ houses dressed in each other’s clothes and wearing masks.

    During this Christmas tradition, which could be seen as a combination of the Mari Lwyd and the gwrachod, members of the party would dance, cheer and perform “antic diversions” in exchange for good cheer, ale, apples and nuts.

    As October draws to a close and we creep towards the darkest days of midwinter, keep your wits about you. You might just end up face to face with a horrifying sow covered in fire ash, or confronted by a ghostly lady draped in white.

    Mari Ellis Dunning 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. Horrifying black sows and ghostly apparitions: how the magic and mystery of Wales come alive in winter – https://theconversation.com/horrifying-black-sows-and-ghostly-apparitions-how-the-magic-and-mystery-of-wales-come-alive-in-winter-238725

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Donald Trump is planning more trade barriers if he becomes president – but they didn’t work last time

    Source: The Conversation – UK – By Mark Johnson, Professor of Operations Management, Warwick Business School, University of Warwick

    Trump campaigning in Pennsylvania in October 2024. Connor Brady Photography/Shutterstock

    Donald Trump loves tariffs. Making things more expensive if they come from foreign countries is at the heart of his bid for a second term in the White House.

    “Tariffs are the greatest thing ever invented,” he said in September 2024 at a town hall event in Michigan. And he has promised that if he becomes US president again, he will impose an across-the-board tariff of up to 20% on imports – and even 200% on cars from Mexico – in a bid to encourage American manufacturing.

    This is familiar ground for Trump, who showed he was fond of tariffs during his 2017-2021 presidency. Back then, he claimed his policy would address the trade imbalance with China, bring manufacturing jobs back to the US and raise revenues.

    Tariffs were then imposed on a wide range of goods, from imported steel and aluminium, to solar panels and washing machines.

    But did they work? Our research suggests not.

    In fact, we found that imposing tariffs actually made the US even more reliant on foreign suppliers – and failed to stimulate the domestic job market. They also raised costs for US consumers and provoked retaliatory tariffs from trading partners including China, the EU, Canada, Mexico, India and Turkey.

    China for example, responded by trebling tariffs on American cars. The EU filed a dispute with the World Trade Organisation and substantially raised tariffs on US exports including Harley Davidson motorcycles, jeans and bourbon whiskey.

    And Trump’s tariffs did not lead to a boost for US manufacturing either. After tariffs were imposed, our research shows US manufacturing supply chains evolved to have fewer suppliers – but it was often US firms that got forced out of those supply chains, not their competitors from overseas.

    We found that US manufacturers appeared to reduce their global reach, while actually increasing their dependence on a select few foreign companies – further evidence that Trump’s tariffs failed to produce the intended outcome.

    Our research also suggests that “reshoring” – bringing production and manufacturing back to a company’s home country – is not feasible without an established ecosystem of suppliers, intermediaries and customers. So introducing trade barriers without adequate support for the development of regional supply chains is unlikely to result in stronger local economies or more jobs.

    Essentially, for reshoring to work, the domestic economy needs to have the capacity to match demand. But the US (like the UK) has lost manufacturing capability in many areas, and rebuilding it is not going to happen overnight.

    Establishing a new industry requires buildings, skilled staff and supply chains – and a very specific approach is required for each industry. Getting the right skills and labour is often the trickiest part and may require immigration.

    However, even this may not work in the most complex industries. In the case of computer chips, for example, there are generous incentives in the US under the Biden administration to encourage chip manufacturing. Yet Taiwan still massively dominates the market, raising questions over whether the US could ever really compete.

    Bourbon whiskey exports, on the rocks?
    Smit/Shutterstock

    Other industries that can use automation and robotics in manufacturing (such as chemicals and transportation equipment) might be easier to reboot, but they may not generate the expected number and range of jobs. And often reshoring strategies involve higher investment in automation, machinery and robotics, rather than jobs. Trump’s focus may have been bringing back manufacturing jobs back to the US, but the truth is that many of these jobs may be gone forever.

    Trading places

    Overall then, imposing tariffs without adequate domestic support mechanisms in place has led to US manufacturers increasing their dependence on foreign suppliers and reducing their dependence on local ones.

    Yet tariffs are not exclusively favoured by Trump – or even right-wing politics. And there seems to be a fairly common view among politicians in the west that some tariffs can be an effective economic tool.

    Trade barriers against China for instance, have continued under Joe Biden’s administration (although he has somewhat relaxed tariffs for imports from the EU, Canada and Mexico). And recently, Canada imposed 100% tariffs on Chinese cars and 25% on Chinese steel and aluminium, while the EU has also imposed tariffs on Chinese goods.

    One of the few voices speaking out against tariffs belongs to former US vice-president Mike Pence. He recently proposed scrapping tariffs, saying they just made products more expensive for consumers – and failed to improve prosperity.

    His old boss clearly disagrees. And if Trump does win a second term in office, it seems certain that imposing international tariffs will be high up on his “to do” list. But if their impact is anything like the last time, they will be of little benefit to the US economy or the voters who depend upon it.

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

    – ref. Donald Trump is planning more trade barriers if he becomes president – but they didn’t work last time – https://theconversation.com/donald-trump-is-planning-more-trade-barriers-if-he-becomes-president-but-they-didnt-work-last-time-240964

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: The gas crisis is not over yet

    Source: The Conversation – UK – By Michael Bradshaw, Professor of Global Energy, Warwick Business School, University of Warwick

    Oleksandr Filatov/Shutterstock

    Policy and luck have bought Europe a reprieve from the heights gas prices reached between the winters of 2022 and 2023, but prices are climbing again and the global gas market remains precariously balanced.

    Rising tensions in the Middle East could upend it. If conflict spills into the Persian Gulf, it could disrupt shipments of liquefied natural gas (LNG) from Qatar that equal 20% of global exports.

    We believe this winter will be the final act of the gas crisis. Here’s what we should expect.

    Dangerously underprepared

    The case for Britain to rapidly phase out natural gas in heating and power generation is overwhelming. It would unburden household bills of expensive gas imports and leave the country less vulnerable to energy supply crunches, while also cutting carbon emissions. Doing so will take time: as of today, the UK relies on gas for 37% of all energy consumption.

    British households in particular are perilously exposed to gas prices. Directly, because four-fifths of households use gas for space heating. Indirectly, because in the UK, electricity prices are set by the price of gas-fired generation. After a decade of failed home insulation and energy-efficiency policies, the UK still has some of the draughtiest homes in Europe. It simply takes more energy to heat British homes, which lose heat three times faster than European neighbours.

    Since the beginning of the recent crisis, the UK government has done little to change these facts. The end of the winter fuel payment to pensioners adds fresh concern. The Energy Crisis Commission recently found that the UK remains “dangerously underprepared” for a repeat of the gas price explosion of 2022-23.

    All told, the UK cannot be oblivious to developments in the global gas market.

    A crisis in the making

    Resurgent gas demand after the lifting of COVID restrictions led to a quadrupling of UK gas prices in 2021. Following Russia’s invasion of Ukraine in February 2022, Vladimir Putin throttled pipeline gas exports to Europe.

    Europe turned to its greatest source of flexible gas supply: seaborne LNG. A price war for cargoes followed. The spending power of European economies pulled shipments away from low-income countries in Asia, such as Pakistan and Bangladesh, which caused crippling blackouts and a pivot to coal-fired generation.

    Energy bills for an average household in the UK hit £4,279 in January 2023. The government protected consumers from the very worst at a cost of £51 billion in 2022-23, but the average household lost 8% of its budget to energy costs in 2022, rising to 18% for the poorest tenth of households. Roughly 2 million households on pre-payment meters were being cut off from their energy supply at least once a month at the height of the crisis.

    Clement winters, moderate gas demand in Asia and successful measures to curb European gas demand saw UK gas prices fall from mid-2023. But they are still relatively high – at 48% above the average in the three years before Russia’s invasion of Ukraine.

    One more winter

    Could things get worse? Back in 2022, experts spoke of a “three-winter crisis” because significant new LNG export capacity (primarily in the US and Qatar) wasn’t expected until 2025. That has held true, and supply and demand in the global LNG market remains taut.

    Several disturbances could destabilise this balance. The International Energy Agency expects that over 2024, global growth in gas demand will exceed the rate of growth in new LNG supply. Attacks on commercial vessels in the Red Sea by the Houthi militia in Yemen, in response to Israel’s invasion of Gaza, have rerouted LNG shipping routes. Cargoes that would have passed through the Suez Canal must now take the longer route around the Cape of Good Hope.

    At the end of 2024, a major five-year agreement governing the transit of Russian gas through Ukraine will expire, and there is no prospect of renewal. Russian gas supplies to Europe will fall by around 5% of the EU’s total gas imports, or 65% of all gas imports into Austria, Hungary and Slovakia.

    While Europe has been saved by mild winters over the last two years, this luck could break in 2024-25 according to some forecasts. Temperature – and the demand it creates for heating – will probably decide winter gas prices in Europe.

    Geopolitical blowback

    How might the worst-case scenario of conflict in the Persian Gulf happen?

    LNG is shipped by sea on large tankers.
    Wojciech Wrzesien/Shutterstock

    Israel’s escalating military assaults on Hezbollah since September 17 have coincided with a 17% rise in UK gas prices. After Iran’s missile and drone strikes against Israel on October 1, European gas prices hit a new high for the year. This saw three LNG tankers destined for Asia change course mid-journey and head for Europe.

    Israel has vowed retribution for the Iranian strike. Having obliterated Gaza and decapitated Hezbollah’s leadership, and with resolute material support from the US, Israel may now see Iran as vulnerable.

    A severe response by Israel, targeting Iran’s nuclear facilities or oil infrastructure, would further up the ante. Wishing to avoid direct conflict, Iran could decide to target not Israel, but the flow of oil and gas through the Strait of Hormuz on which its western backers depend. Qatari LNG shipments through the strait account for 20% of global supply on their own.

    Any interruption would also block Iran’s oil exports, afflict Iran’s friends as much as its foes, and kill Iran’s current reconciliation with the Gulf states. It is unlikely, but one would hope that the warning signs in the global gas market would remind western decision-makers that the conflict in the Middle East can continue to blow back on them.



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

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


    Michael Bradshaw receives funding from the UK Energy Research Centre (UKERC) that is funded by the Engineering and Physical Sciences Research Council (EPSRC) and the Economic and Social Research Council (ESRC), part of UK Research and Innovation (UKRI). He also advises the government, thinktanks and companies on energy matters.

    Louis Fletcher receives funding from the UK Energy Research Centre (UKERC), which is funded by the Engineering and Physical Sciences Research Council (EPSRC) and the Economic and Social Research Council (ESRC), part of UK Research and Innovation (UKRI).

    – ref. The gas crisis is not over yet – https://theconversation.com/the-gas-crisis-is-not-over-yet-241538

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Economics: Microsoft and NVIDIA empower AI startups for health and life sciences breakthroughs

    Source: Microsoft

    Headline: Microsoft and NVIDIA empower AI startups for health and life sciences breakthroughs

    AI isn’t just changing the game- it’s rewriting the rules of innovation. With advanced machine learning models and data-driven insights, we’re on the brink of breakthroughs in health and life sciences that once seemed impossible. Imagine accelerating drug discovery, connecting care experiences, and personalizing medicine like never before. AI is our chance to tackle some of the biggest health challenges facing humanity.

    But health and life science startups can run into roadblocks when it comes to driving innovation. Building AI solutions isn’t something you can do in isolation. Founders often hit walls with limited access to GPUs and the high costs of training models, tweaking them, running tests, and everything else it takes to get a solution off the ground. Today, we’re excited to announce that Microsoft for Startups and NVIDIA Inception are joining forces to fuel AI-driven health and life sciences startups.

    Empowering Health and Life Sciences Startups to Make a Difference

    Microsoft for Startups and NVIDIA Inception exist to empower early-stage companies by providing them with the resources, technology, and expertise needed to build and scale their businesses. Microsoft for Startups focuses on helping startups leverage Microsoft’s cloud infrastructure, AI tools, and go-to-market support, enabling founders to overcome challenges like scaling their solutions globally and accessing enterprise customers. NVIDIA Inception offers startups in AI, data science, and deep learning access to cutting-edge GPU technology and mentorship, helping them address complex technical hurdles in product development and achieve breakthroughs in high-impact industries such as healthcare, robotics, and autonomous driving. Both programs have been instrumental in removing barriers to innovation, accelerating time-to-market, and helping tens of thousands of startups. This collaboration combines Microsoft’s cloud and enterprise expertise with NVIDIA’s pioneering advancements in AI hardware and software. Together, we are introducing a new reciprocal program to provide health and life sciences startups with the tools, resources, and support they need to fast track their ideas and deliver life-changing outcomes.

    Accepted startups will have access to the following suite of benefits:

    Microsoft for Startups:

    • Up to $150,000 in Azure Credits for Four Years: Startups can apply these credits towards leading AI models, including Azure OpenAI Service, Meta’s Llama, and Microsoft’s own small language model, Phi—enabling rapid and efficient scaling using cloud services tailored for AI, big data, and healthcare applications.
    • Access to Microsoft Business Tools: Including productivity and development tools such as Microsoft 365, Visual Studio, and GitHub, along with dozens of discounts to startup-friendly offerings from our trusted partners like LinkedIn.
    • High-Touch Technical Support: Startups will receive personalized guidance from a Microsoft technical expert, who will work directly with a corresponding NVIDIA technical expert to build optimized Azure templates for leveraging the full NVIDIA technology stack.
    • GTM and Pegasus Program Access: Microsoft will provide prioritized access to its Pegasus program, which offers go-to-market support, access to Microsoft’s global sales teams, and strategic co-selling opportunities.

    NVIDIA Inception:

    • 10,000 ai.nvidia.com Credits: Startups will have access to a wealth of GPU resources and AI models, enabling them to train and optimize complex models more cost-effectively.
    • 75% Discount on NVIDIA AI Enterprise Stack: This ensures that startups can leverage the complete NVIDIA suite for developing, deploying, and managing AI models.
    • Dedicated Technical Support: A specialized technical resource will collaborate closely with Microsoft to evangelize the NVIDIA AI Enterprise stack and co-develop Azure templates for NVIDIA technology.
    • Exclusive Early Access: Startups will gain private access to new NVIDIA Healthcare products before general release, allowing them to incorporate the latest advancements in their solutions.

    Unleashing the Potential of AI in Health and Life Sciences

    The collaboration between Microsoft for Startups and NVIDIA Inception is a launchpad for startups eager to harness AI’s potential in health and life sciences. We’re not just supporting growth; we’re igniting a movement where startups can redefine healthcare’s future.

    What Health and Life Sciences Startups Are Saying

    “Working with both Microsoft for Startups and NVIDIA Inception has been transformative for Pangaea Data. By combining their resources and access to cutting-edge AI models, we are able to accelerate development and deliver real-world value to our joint customers. Leveraging AI tools from Microsoft and NVIDIA, we apply clinical guidelines to find previously overlooked patients at the point of care who need treatment or access to clinical trials, ultimately improving patient outcomes.” — Dr. Vibhor Gupta, Founder & CEO, Pangaea Data.

    “Collaborating with Microsoft for Startups and NVIDIA Inception represents an incredible opportunity for Artisight to elevate healthcare delivery. By leveraging their combined resources and cutting-edge AI capabilities, we can transform productivity for healthcare providers and deliver meaningful outcomes to our customers. This partnership enables us to scale our smart hospital solutions more rapidly, from operating rooms to patient rooms, ultimately creating a future where technology empowers clinicians to focus more on patient care and less on operational hurdles.” — Andrew Gostine, Co-founder & CEO, Artisight.

    Ready to join us?

    If you’re a health and life sciences startup looking to harness the full potential of AI to shape the future of health innovation, we invite you to explore this reciprocal program, available to eligible startups in either Microsoft for Startups or NVIDIA Inception. Learn more about our collaboration and apply today to be part of the AI revolution with Microsoft and NVIDIA.

    Apply today:

    NVIDIA Inception

    Microsoft for Startups Founders Hub

    Tags: Health and Life Sciences, Healthcare, HLTH, HLTH 2024, NVIDIA Inception

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI USA: Governor Lamont Announces ‘Time to Own’ First-Time Homebuyer Assistance Program Reopens With the Support of $40 Million in Newly Released State Funding

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont, who serves as chairman of the State Bond Commission, today announced that the commission voted at its meeting this morning to approve an allocation of $40 million in state funding that will be used to reopen Connecticut’s popular Time To Own program to a new round of applicants.

    Established by Governor Lamont with the support of the state legislature, Time To Own provides down payment assistance to low and moderate-income, first-time homebuyers in Connecticut. Administered by the Connecticut Housing Finance Authority (CHFA) on behalf of the Connecticut Department of Housing, this program has already helped thousands of people in the state buy their first homes since launching in 2022.

    “Owning a home is a cornerstone of the American Dream, and programs like Time To Own are making it possible for more Connecticut residents to turn that dream into reality,” Governor Lamont said. “This new round of funding ensures that we can continue to provide the resources needed to help first-time homebuyers access affordable homeownership, build wealth, and invest in our state’s future.”

    Time To Own has been a critical tool in supporting first-time homebuyers as they navigate the challenges of purchasing a home. By providing forgivable loans for down payments and closing costs, the program has enabled individuals and families to achieve the dream of homeownership, fostering long-term financial stability and contributing to stronger communities.

    “The success of the Time To Own program speaks to its necessity in our current housing market,” Housing Commissioner Seila Mosquera-Bruno said. “By making homeownership more attainable, we are not only helping individuals and families achieve stability but also creating more inclusive and vibrant communities across Connecticut.”

    With the new funding, Time To Own is expected to support an even greater number of first-time homebuyers in the coming months. To date, the program has helped more than 4,800 homebuyers in 149 towns buy their first homes, more than half of whom are people of color. With the new funding allocation, Connecticut has invested $195 million in the program.

    “Time To Own has already changed the lives of thousands of homebuyers, and we are thrilled to be reopening the program with this additional funding,” CHFA Executive Director Nandini Natarajan said. “This is a crucial step in expanding access to homeownership, particularly for low- and moderate-income residents and people of color. We remain committed to ensuring that as many Connecticut residents as possible can take advantage of this opportunity to secure their futures through homeownership.”

    For more information on eligibility and how to apply for Time To Own, visit chfa.org/TimeToOwn.

     

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI USA: Warren, Casey, Wyden Slam McDonald’s for Squeezing Customers with Excessive Price Increases

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    October 22, 2024

    “Corporate profits must not come at the expense of people’s ability to put food on the table.”

    Text of Letter (PDF) 

    Washington, D.C. – Today, U.S. Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), and Ron Wyden (D-Ore.), wrote to President and Chief Executive Officer of McDonald’s, Chris Kempczinski, pushing for more information on McDonald’s pricing decisions as fast food prices continue to increase, outpacing inflation and squeezing customers. 

    “While McDonald’s is not the only fast food restaurant that has increased prices significantly in recent years, its dominant market position as the largest fast food chain in the United States has an outsize impact on American consumers. While working families are trying to make ends meet, McDonald’s and its corporate counterparts have continued to grow their profits,” wrote the senators.

    Earlier this year, McDonald’s USA President Joe Erlinger attempted to blame the company’s menu price increases on inflationary pressures and input costs, but the data tells another story. Since the COVID-19 pandemic, fast food prices have consistently outpaced inflation, and since 2020, overall inflation has increased by 20 percent, while McDonald’s has increased its menu prices for several items substantially more. McDonalds net annual income rose by over 79 percent – nearly $8.5 billion, from 2020 to 2023.

    While McDonald’s was raising prices, the company also spent nearly $4 billion on stock buybacks in 2022 and $3 billion in 2023. The company also benefits from a tax loophole that favors buybacks. This prioritizes Wall Street shareholders over investments in McDonald’s own business and workers. 

    As American consumers have begun taking their business elsewhere, the company has promised to take a “forensic approach” to evaluating high prices.

    “Corporate profits must not come at the expense of people’s ability to put food on the table,” concluded the senators. “As we seek to investigate and understand the increased consumer costs in the economy, we hope McDonald’s will help us to understand why its prices have risen so high.”

    As a champion for American consumers and a secure and healthy economy, Senator Warren has engaged in oversight of corporations that unfairly exploit consumers. She has also been calling for more competition and stronger enforcement of antitrust laws to bring down prices for families: 

    • In October 2024, United States Senator Elizabeth Warren (D-Mass.), along with Senator Bernie Sanders (I-Vt.) and Representatives Jan Schakowsky (D-Ill.), Hank Johnson (D-Ga.), Matt Cartwright (D-Pa.), Sheila Cherfilus-McCormick (D-Fla.), Rosa DeLauro (D-Conn.), Maxwell Frost (D-Fla.), Pramila Jayapal (D-Wash.), Darren Soto (D-Fla.), Mark Takano (D-Calif.), Paul Tonko (D-N.Y.), and Frederica Wilson (D-Fla.) wrote to Chair of the Federal Trade Commission, Lina Khan, on reports of widespread price gouging in states impacted by Hurricanes Helene and Milton and on the need for a federal price gouging ban to complement state-level efforts.
    • In October 2024, Senator Elizabeth Warren (D-Mass.) and Representative Madeleine Dean (D-Pa.) wrote to the CEOs of Coca-Cola, PepsiCo, and General Mills, pressing their executives on the companies’ pattern of profiteering off consumers, both through “shrinkflation” and dodging taxes on the profits they made from that price gouging.
    • In September 2024, U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.), and Representative Seth Moulton (D-Mass.) demanded answers from 13 corporate landlords operating in Massachusetts as to whether they are using RealPage’s algorithm to raise rents for families.
    • In August 2024, Senators Elizabeth Warren (D-Mass.) and Bob Casey (D-Pa.) sent a letter to Rodney McMullen, chairman and CEO of Kroger, raising concerns about Kroger’s use of Electronic Shelving Labels (ESLs) to potentially surge grocery prices and exploit consumers.
    • In May 2024, while chairing a Senate Banking Subcommittee on Economic Policy hearing, Senator Warren (D-Mass.) called out giant corporations for hiking up food prices while raking in record profits, and urged action to promote competition and bring down costs.
    • In May 2024, Senator Warren and Rep. Jim McGovern led a group of lawmakers in a letter to President Joe Biden, urging the Biden administration to use its executive authority to take action to lower food prices. 
    • In May 2024, during a hearing of the U.S. Senate Committee on Banking, Housing, & Urban Affairs, Senator Warren called out food industry price gouging and urged action to combat unfair pricing practices.
    • In April 2024, Senator Warren (D-Mass.), Bob Casey (D-Penn.), and Ben Ray Luján (D-N.M.) wrote to DoorDash and UberEats, the two largest delivery platforms, calling out their use of hidden junk fees.
    • In March 2024, Senator Elizabeth Warren (D-Mass.) and Representative Mary Gay Scanlon (D-Penn.) led a group of 14 lawmakers in a letter to FTC Chair Lina Khan urging the agency to revive enforcement of the Robinson-Patman Act (RPA), a critical tool to promote fair competition in the food industry. 
    • In February 2024, Senator Warren joined Senator Bob Casey (D-Pa.) in introducing the Shrinkflation Prevention Act to crack down on corporations that deceive consumers by selling smaller sizes of their products without lowering prices.
    • In February 2024, Senators Warren, Baldwin, Casey, and U.S. Representative Jan Schakowsky (D-Ill.) reintroduced the Price Gouging Prevention Act of 2024, which would protect consumers and prohibit corporate price gouging by authorizing the FTC and state attorneys general to enforce a federal ban against grossly excessive price increases.
    • In February 2022, at a hearing, Senator Warren called out corporations for abusing their market power to raise consumer prices and boost profits.
    • At a January 2022 hearing, Senator Warren pressed Fed Chair Jerome Powell on the role of corporate concentration in driving up prices for consumers during his renomination hearing to be Chair of the Board of Governors of the Federal Reserve System.
    • In a New York Times op-ed published in April 2020, Senator Warren urged Congress to focus on cracking down on price gouging in its ongoing effort to address the impact of the coronavirus pandemic.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI USA: Warren, Wyden, Blumenthal, Porter Call on DOJ to Prosecute Tax Prep Companies for Illegally Sharing Sensitive Personal and Financial Taxpayer Data

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    October 22, 2024

    Treasury, IRS assessment confirm 2023 Congressional investigation finding that companies broke the law by sharing sensitive data with Big Tech firms. 

    Tax prep companies potentially face billions of dollars in criminal liability. 

    “DOJ has the sole authority to enforce the criminal statute on behalf of the millions of taxpayers harmed by this unauthorized disclosure of their sensitive personal and financial data.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Chair of the Senate Committee on Finance, and Richard Blumenthal (D-Conn.), along with Representative Katie Porter (D-Calif.) wrote to the Department of Justice (DOJ) urging the investigation and prosecution of major tax preparation companies for illegally sharing protected and sensitive taxpayer information with Big Tech firms. 

    Last month, the Treasury Inspector General for Tax Administration (TIGTA) released an audit report confirming that four online tax preparation companies broke the law by sharing legally protected and sensitive taxpayer information with Big Tech firms without taxpayer consent.  Specifically, the report found that consent statements being used by the tax prep companies did not clearly identify the intended use of taxpayer data, a violation of Treasury regulations. The IRS agreed with TIGTA’s assessment. The report confirms November 2022 investigative reporting by the Markup and the results of a July 2023 Congressional investigation, led by Senator Warren, which found that the improper sharing of sensitive taxpayer personal and financial information by TaxSlayer, H&R Block, TaxAct, and Ramsey Solutions with Meta and Google appeared to be illegal. 

    Tax prep companies used pixels, computer code that tracks a user’s website activity, to obtain sensitive personal and financial information, including approximate income and refund amounts, for millions of taxpayers who filed their taxes online with these companies. Meta then used that information for advertising and to train its AI algorithm. 

    TIGTA conducted a detailed review of four tax preparation companies, and found that the companies did not obtain proper taxpayer consent for the release of their information. 

    “We write to urge you to investigate and prosecute the criminal behavior of major tax preparation companies identified in our investigation and confirmed by the Treasury Inspector General for Tax Administration and the Internal Revenue Service,” wrote the lawmakers. The penalties for these violations can include $1,000 per violation and up to 1 year in prison. TIGTA itself notes that it “reports potential criminal violations directly to the Department of Justice when TIGTA deems that it is appropriate to do so.” 

    The IRS recently announced the expansion of the highly successful Direct File program to 24 total states, making 30 million taxpayers eligible to file for free, securely, and directly with the IRS. However, many taxpayers still rely on private tax prep companies. 

    “Accountability for these tax preparation companies – who disclosed millions of taxpayers’ tax return data…is essential for protecting the rule of law and the privacy of taxpayers,” concluded the lawmakers. 

    Senator Warren has been at the forefront of holding tax prep firms and Big Tech accountable for their behavior, and pushed for an easy and free IRS Drect File program:

    • In May 2024, Senators Elizabeth Warren and Tom Carper (D-Del.), along with Representatives Don Beyer (D-Va.), Katie Porter (D-Calif.), and Brad Sherman (D-Calif.) led over 130 lawmakers in sending a letter to the Secretary of the Treasury Janet Yellen and IRS Commissioner Daniel Werfel, applauding the successful pilot of the Direct File program, and urging them to make it permanent and expand its functionality and scope.
    • In June 2023, Senators Elizabeth Warren and Tom Carper (D-Del.), along with Representatives Brad Sherman (D-Calif.), Katie Porter (D-Calif.), and Don Beyer (D-Va.) led a coalition of 99 Democratic lawmakers in sending a letter to IRS Commissioner Daniel Werfel and Deputy Treasury Secretary Adewale Adeyemo, applauding the IRS’ announcement of a pilot  of a free tax filing tool next year. 
    • In April 2023, Senators Elizabeth Warren and Tom Carper (D-Del.) led their colleagues in sending a letter to IRS Commissioner Daniel Werfel urging the agency to simplify the tax process and broaden access to free e-filing options.
    • In April 2023, at a hearing of the Senate Finance Committee, Senator Elizabeth Warren questioned IRS Commissioner Daniel Werfel about the IRS’s failed Free-File partnership with private tax preparation software companies and called on the agency to implement a direct E-File program that will be truly free and easy for millions of Americans. 
      • Commission Werfel agreed with Senator Warren that the gap between the 70% of taxpayers that Free File is supposed to serve and the 2% it actually does is “massive.”  When Senator Warren pointed out that tax prep companies are instead pushing alternative services that should be free, are marketed as free, but are not, Commissioner Werfel also agreed that “the whole process needs to be improved,” that taxpayer rights have been violated, and the IRS has an obligation to make “the tax system easier for taxpayers to navigate.”
    • In March 2023, Senators Warren and Angus King (I-Maine) wrote a letter with 19 other senators to the Internal Revenue Service and Secretary Yellen expressing strong support for Secretary Yellen’s directive for the IRS not to raise audit rates for small businesses or households making under $400,000 annually. 
    • In December 2022, Senators Warren and Ron Wyden (D-Ore.), along with Representatives Katie Porter (D-Calif.) and Brad Sherman (D-Calif.) sent letters to tax preparation companies H&R Block, TaxAct, and TaxSlayer, plus big tech firms Meta, and Google, amid reports that the tax preparation companies have been secretly transmitting individual taxpayers’ sensitive financial information to Meta and Google.
    • In July 2022, Senator Elizabeth Warren led 22 of her colleagues in introducing the Tax Filing Simplification Act of 2022 to simplify the tax filing process for millions of Americans by lowering costs, eliminating red tape for all taxpayers, and saving them hours and hundreds of dollars. 
    • During an exchange of the United States Senate Finance Committee in June 2022, U.S. Treasury Secretary Janet Yellen agreed with Senator Elizabeth Warren on the need to create a free tax filing system that actually works for Americans.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI USA: McConnell Helps Secure Over $500,000 in Federal Funding for Workforce Development Facility in Western Kentucky

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) announced today the Delta Regional Authority (DRA) will award $509,000 to the Murray-Calloway Industrial Development Authority (MCIDA) through the States’ Economic Development Assistance Program. Today’s funding will support the development of a skills training and workforce development facility for underemployed and unemployed workers in the community, which will help boost the earning potential of program participants and address worker shortages in the region.

    This federal funding is made possible through a DRA assistance program, which is funded by the FY2023 government funding bill and the bipartisan Infrastructure Investment and Jobs Act.

    Senator McConnell, a senior member of the Senate Appropriations Committee, advocated for DRA funding in both the annual appropriations process and the Bipartisan Infrastructure Law. The Senator also wrote a letter to Dr. Corey Wiggins, Federal Co-Chair of the Delta Regional Authority, in support of this project.

    “Last year’s government funding bill, as well as the Bipartisan Infrastructure Law, provide big investments for Western Kentucky’s communities, including assistance for Murray and Calloway counties’ first workforce development facility. This project will help hardworking Kentuckians get back to work in their communities while addressing the growing needs of job creators in the Commonwealth. I was proud to support funding for this project and I’ll continue to do what I can to ensure federal resources go toward Kentucky’s communities that need them most,” said Senator McConnell.

    “MCIDA is thrilled to receive today’s award, which will allow our team to continue expanding this impactful workforce program through the construction of a permanent facility. Our community is thankful for Senator McConnell’s help in bringing home today’s federal grant, and we’re grateful for all he has done to support Western Kentucky over the years,” said Executive Director of the Murray-Calloway Industrial Development Authority Mark Manning.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Africa: Afreximbank enters deal for EUR 245 million facility with New World Television (NWTV) for African sports broadcast rights acquisition

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

    ALGIERS, Algeria, October 22, 2024/APO Group/ —

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the signing of a EUR 245-million global facility with the New World Television (NWTV) network. The funding will part finance the network’s acquisition of media licensing rights for selected broadcasting sport copyrights from global media rights holders to permit broadcast across Africa.

    The facility agreement, signed on October 17, 2024, on the sidelines of the just concluded CANEX WKND 2024, covers broadcasting sport copyrights from the International Federation of Football Association (FIFA), Union of European Football Associations (UEFA), Confederation Africaine de Football (CAF), French Ligue and Spanish LaLiga.

    Granted within Afreximbank’s CANEX Financing Programme, under the Sports Development Framework of its Creative Economy Strategy which seeks to mitigate constraints to creative enterprise development and to stimulate intra- and extra-African export of creative products, the facility is expected to support the development of Africa’s sports value chain by placing the ownership of African sports content firmly in African hands.

    The deal signing was overseen by Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank and Mr. Louis Biyao, representative of the Chairman and Chief Executive Officer of NWTV.

    Speaking on the facility, Mrs. Awani said: “The import of this facility lies in the significant impact it will make in empowering African enterprises, particularly in the creative sector, to assume control of African sports. By taking control of these broadcasting rights, we will see the fostering of local content production, creation of job opportunities and strengthening of the continent’s competitive edge in the global market while promoting cultural identity and economic growth. Afreximbank is strongly committed to supporting African enterprises driving progress in the creative sector and this transaction is a testament to that commitment.” 

    On his part, Mr. Biyao commented: “It is a great honour for NWTV to benefit from such support, which allows it to streamline its transactions without the constraints related to currency exchanges. This agreement opens new opportunities for NWTV, guided by the motto ‘produced by Africans, for Africans in Africa,’ to offer premium content to a larger number of Africans. This is content that is accessible and closely aligned with their reality, at a very affordable cost.”

    He added: “NWTV aims to provide an innovative and accessible alternative in the African audiovisual landscape, broadcasting high-quality content in local languages, tailored to the expectations of African populations. This approach is fully in line with NWTV’s commitment to bringing audiovisual content closer to every African household.”

    The facility is expected to address the challenge of African sports being largely controlled by non-African networks and broadcasting houses, marking a strategic shift towards empowering African entities to take control of the broadcasts, celebrate local sports talent and showcase the richness of the continent’s sporting culture.

    It will also boost the development of the African television industry ecosystem by growing revenue opportunities for television stations that would now be able to add more content into their rotations and that would be able to sell more advertisement spaces, in addition to enabling NWTV to promote the diffusion of sports content in local languages. NWTV, which is currently able to develop broadcast content in seven local languages in 24 countries, is working on three additional languages to be deployed in 2024.

    The four-day CANEX WKND 2024, organised by Afreximbank was held from 16 – 19 October, under the theme “One People, United in Culture, Creating for the World” and was attended by almost 4,000 delegates representing a diversity of creative sectors from across Africa and the diaspora.

    CANEX WKND 2024 featured live performances, speeches by industry leaders and experts, masterclass sessions, sporting events, fashion shows, high energy music concerts and gastronomical showcases alongside a vibrant market and exhibition all aimed at advancing and expanding Africa’s unrivalled creative and cultural industries, with the aim of implementing pan-African measures that support the continent’s cultural sectors.

    MIL OSI Africa –

    January 24, 2025
  • MIL-OSI: SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. – USAP

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Universal Stainless & Alloy Products Inc. (Nasdaq: USAP), relating to its proposed merger with Aperam US Absolute LLC. Under the terms of the agreement, all USAP shares will be automatically converted into the right to receive $45.00 per share.

    Click here for more information https://monteverdelaw.com/case/universal-stainless-alloy-products-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    January 24, 2025
  • MIL-OSI Banking: ACP Statement on Massachusetts Legislation to Advance Offshore Wind and Energy Storage

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on Massachusetts Legislation to Advance Offshore Wind and Energy Storage

    WASHINGTON D.C., October 22, 2024 – The American Clean Power Association (ACP) released the following statement from Moira Cyphers, ACP Director for Atlantic Offshore & Eastern State Affairs after comprehensive legislation was introduced in Massachusetts enhancing clean energy deployment. Key features include a major overhaul of energy infrastructure permitting, increased support for renewable sources like wind, solar, and expanded battery storage:
    “This legislation is a win-win for Massachusetts. By streamlining the siting and permitting processes, this legislation would significantly benefit offshore wind power and energy storage, enabling faster deployment of crucial infrastructure. Allowing longer power contracts of up to 30 years, the legislation aims to create more stable investments and potentially lower electricity costs for consumers. Additionally, the focus on enhancing battery storage facilities will support the integration of renewable energy, paving the way for a more sustainable energy future. Importantly, this bill will create new jobs and lead to cleaner air. ACP urges legislators to ensure its swift passage and we look forward to ongoing collaboration to see that happen.”

    MIL OSI Global Banks –

    January 24, 2025
  • MIL-OSI United Kingdom: Defence Secretary oral statement on war in Ukraine – 22 October 2024

    Source: United Kingdom – Executive Government & Departments

    Defence Secretary John Healey, provided an update to the House of Commons on the war in Ukraine.

    Location:
    House of Commons
    Delivered on:
    22 October 2024

    Mr Speaker, I have just returned from three days of intense defence diplomacy.

    First, at the NATO Defence Ministers meeting in Brussels where we welcomed President Zelenskyy and then, at the G7 Defence Ministers meeting in Naples where we had important updates from the battlefield, agreed this is a critical point in the conflict and stressed the need to step up and speed up support for Ukraine.

    The G7 joint declaration strongly condemned Putin’s illegal invasion and reinforced our unwavering support for Ukraine. It also rightly stated:

    “Russia’s aggression against Ukraine is posing a threat to international security, the purposes and principles of the United Nations, and the rules-based international order.”

    This is what’s at stake for us all. And if President Putin prevails in Ukraine, he will not stop at Ukraine. And if big nations redraw international boundaries by force, the sovereignty and security of all nations is undermined.

    That’s why the UK support, alongside allies, is so important. Military, economic, industrial, diplomatic.

    But I can tell the House, Mr Speaker, I have returned to the UK knowing that NATO is united for Ukraine. The G7 is united for Ukraine. Just as the UK is united for Ukraine.

    And our job now is to turn these talks into action, which is exactly what we are doing as a government. So, the Chancellor and I are today are announcing that the UK will provide an additional £2.26bn to Ukraine

    This is new money, new money which will be delivered under the Extraordinary Revenue Acceleration Loans to Ukraine scheme. That’s part of the $50 billion loan package from G7 countries to support Ukraine’s military, budget, and reconstruction needs.

    Loans, Mr Speaker, which will be repaid using the profits generated from immobilised Russian sovereign assets. Profits on frozen Russian money, supporting Ukraine’s fight against Putin. Turning the proceeds of Putin’s corrupt regime against that regime and putting it in the hands of Ukrainians.

    And Mr Speaker, I want to be clear: Today’s new money is additional to the £3bn a year of military support this Government has committed to Ukraine each year for as long as it takes.

    In addition to the £3.5bn Defence Industrial Support Treaty which I signed with Defence Minister Umerov in July, money that will be used by Ukraine to procure military equipment from British companies, boosting our British jobs and our British industry. And extra to the additional artillery, air defences, ammunition, and missiles we have announced in the first four months of this new Government.

    Ukraine is a first order priority for me as Defence Secretary, it’s a first order priority for this Government. We will continue to step up support.  We will continue to lead. We will stand with Ukraine as long as it takes.

    Mr Speaker, today is now day 973 since Putin launched his full scale, illegal invasion of Ukraine. 973 days during which Ukrainians have been fighting with great courage – civilians and military alike. And there have been important battlefield developments in recent weeks. When I last updated the House, Ukrainian forces were one month into their remarkable offensive in Kursk.

    Three months on, they continue to hold Russian territory and Ukraine’s strategic surprise has put Putin under pressure, forcing the diversion of some Russian troops and equipment.

    And despite the increase in brutal Russian counter attacks and aerial bombardments, they have so far failed to dislodge that Ukrainian incursion. And it’s not just in Kursk where Ukraine is fighting back.

    Ukrainian forces have launched long range attacks into Russian territory on military targets which are directly supporting Putin’s illegal invasion.

    In September, Ukraine used long range drones to attack four ammunition storage facilities. These strikes successfully destroyed thousands of tonnes of ammunition. 

    Both the defensive thrust into Kursk, and the strategic defensive strikes into Russia, have had an impact on the battlefield.

    Russia’s advance towards Pokrovsk in the East – Putin’s main line of effort – has been slowed. Russian losses continue to rise. Since the start of the conflict, Russia has likely suffered 675,000 casualties.

    In September, the average casualty rate each date of Russians on the battlefield of Ukraine was 1271 – a record high and two and a half times the level this time last year.

    And on equipment, Mr Speaker, they have now lost 3,400 tanks, 8,500 armoured vehicles and 26 Russian vessels in the Black Sea fleet have been destroyed or damaged.

    But despite the incredible resilience Ukrainian forces have shown, they remain under great pressure from Russian forces across multiple fronts, and Russian troops continue to advance and continue to attack Ukraine infrastructure. Targeting the important port of Odessa and striking energy infrastructure.

    So as we head into winter, Mr Speaker, Ukraine’s energy generation capacity has been reduced by up to two thirds of that of pre-war levels. Russian industry remains on a war footing. Russian artillery is outfiring Ukraine by at least 3 to 1, and Russia is also conscripting this year an additional 400,000 troops.

    Defence will now account for 32%, one third of the total government budget in Russia next year.

    And, Mr Speaker, in a concerning new development, it is now highly likely that the transfer and deployment of hundreds of combat troops from North Korea to Russia has begun. North Korean soldiers supporting Russia’s war of aggression on European soil – it is as shocking as it is desperate.

    North Korea already sends significant munitions and arms to Russia in direct violation of multiple UN resolutions. And this developing military cooperation between Russia and DPRK has serious security implications for Europe and the Indo-Pacific.

    It represents a wider growing alliance of aggression which NATO and the G7 nations must confront.

    Mr Speaker, despite this dangerous development, Ukraine remains determined to fight on their frontline in the East and holding the territory in Kursk. President Zelensky will also continue to seek support for his Victory Plan, and we want to see this Plan succeed. We stand ready to work closely with the Ukrainians and with allies to make it succeed.

    Mr Speaker, as we approach 1000 days of this war, this conflict is now at a really critical moment. And that’s why the UK continues to step up support for Ukraine.

    Ukrainians are fighting to regain their sovereign territory, but they are also fighting to protect the peace, the democracy and the security for the rest of us in Europe.

    Updates to this page

    Published 22 October 2024

    Invasion of Ukraine

    • UK visa support for Ukrainian nationals
    • Move to the UK if you’re coming from Ukraine
    • Homes for Ukraine: record your interest
    • Find out about the UK’s response

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI: Banzai Regains Compliance with NASDAQ Minimum Bid Price Rule

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Oct. 22, 2024 (GLOBE NEWSWIRE) —  Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Rule”) for continued listing.

    To regain compliance with the Rule, the Company’s Class A common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on October 18, 2024, Nasdaq informed the Company it achieved compliance with such Rule. Therefore, the Nasdaq Listing Qualifications Staff considers the prior bid price deficiency matter now closed.

    About Banzai

    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io/.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    http://www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Upward adjustment of expectations for 2024

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq OMX Copenhagen

    22 October 2024

    Announcement no. 13/2024

    Upward adjustment of expectations for 2024

    As a consequence of the bank’s good performance in the first nine months of 2024, the expected profit before tax is adjusted upwards to an interval of DKK 225-250 million.

    Most recently, in company announcement no. 07/2024 of 24 July 2024, the bank announced expectations for 2024 to a profit before tax in the range of DKK 200-240 million. 

    The Report for the first nine months of 2024 will be published on 6 November 2024.

    Please direct any questions to:

    Kind regards,
    The BANK of Greenland

    Martin Kviesgaard
    Managing Director

    Tel. no.: +299 34 78 00/e-mail: mbk@banken.gl

    Attachment

    • 13.Opjustering for 2024_UK

    The MIL Network –

    January 24, 2025
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