Category: Business

  • MIL-OSI: Commercial Drone Industry Has Expanded Significantly as Billion Dollar Market is Awarding Lucrative Opportunities for Manufacturers

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The business use cases of commercial drones have expanded significantly over the past few years and the commercial drone market is growing to interior uses in warehouses/facilities in additions to all of the well know exterior used. They are also being increasingly adopted in the construction and real estate sectors due to their ability to survey the property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have instigated the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, tracking out elevated infrastructure that might have damaged electrical cables, etc. A recent report issued by Grand View Research, discussed the segments on the market, saying: “Product Insights: The rotary blade segment held the largest revenue share of over 78.9% in 2024. The demand for rotary blade drones is anticipated to surge for inspection activities owing to its ability to hover and execute agile maneuvering while maintaining a visual on a particular target for prolonged periods. These drones are often seen as a suitable alternative for various business applications such as surveillance, filmmaking, photography, and monitoring. In addition, they are easier to control than hybrid and fixed-wing counterparts. The hybrid segment is expected to attain a CAGR of over 18% over the forecast period owing to the advantages associated with these commercial drones. These drones enhance their efficiency and power by integrating the capabilities of batteries and fuel. Moreover, these drones can fly for long periods with heavier payloads, even in severe weather conditions. Tech giants like Facebook and Amazon use hybrid drones to transport packages effectively and quickly while enabling internet access in remote locations.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), Joby Aviation, Inc. (NYSE: JOBY), EHang Holdings Limited (NASDAQ: EH), AeroVironment, Inc. (NASDAQ: AVAV).

    Grand View Research continued: “Application Insights: The commercial application segment accounted for a revenue share of over 74.02% in 2024. – End Use Insights; The media & entertainment segment accounted for a revenue share of over 21.4% in 2024 and is expected to record a notable growth from 2025 to 2030. – Range Insights: The visual line of sight (VLOS) segment accounted for the largest revenue share of over 69% in 2024 and the beyond visual line of sight (BVLOS) segment is expected to grow at the fastest CAGR of over 11.2% over the forecast period. – Operating Mode Insights: The remotely piloted segment accounted for the largest revenue share of over 59% in 2024 and the fully autonomous segment is expected to grow at the fastest CAGR of 12.4% over the forecast period. The electric propulsion type segment accounted for the largest revenue share of over 72% in 2024. The segment dominance is attributed to the popularity of electric drones using rechargeable batteries. These drones have gained widespread adoption due to numerous advantages such as quiet operations, flight efficiency, longer flight times, and easy maintenance, among others. This, in turn, is expected further to drive the segment demand over the forecast period.”

    ZenaTech Inc.’s (NASDAQ:ZENA) ZenaDrone Team Begins US Flight Testing of ZenaDrone 1000 Drone in the Arizona Desert ZenaTech, Inc. (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announced today that its subsidiary, ZenaDrone, has begun the first US flight testing of the ZenaDrone 1000 drone, including new hardware and software configurations, in the desert near Phoenix, Arizona. The company has also been concurrently working towards setting up offices, operations and partnerships in the state.

    “After years of development work and recently achieving US FAA approval, it is gratifying to be able to conduct live test flights and further build our company base in Arizona. This is the first of many test flights and demonstrations that will help us refine and build the reliability of the ZenaDrone 1000 solutions for agriculture, defense, security, land surveying and other applications where we see demand,” said CEO Shaun Passley, Ph.D. One of the company’s longstanding collaboration partners is the Arizona Commerce Authority (ACA), the State of Arizona’s economic development organization.

    “We are thrilled that ZenaDrone has further grown and strengthened its Arizona presence by choosing Arizona as its base of U.S. operations. And we are now delighted that they have chosen Arizona’s skies to begin live testing of the ZenaDrone 1000 product. We look forward to continued work with ZenaDrone to grow their business in Arizona and throughout the world, including via participation at international trade shows and on international trade missions,” said Kevin O’Shea, Senior Vice President of International Trade for the ACA. Read the full press release and more for ZenaTech at:  https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments include:

    ZenaTech recently announced that its subsidiary, ZenaDrone, has begun the first US trial of the IQ Nano product solution for inventory management, beginning with a multinational auto part and components customer. The drone will be reading the bar codes and collecting inventory information as part of a paid trial. The IQ Nano indoor drone is designed for customers with warehouse, logistics and distribution operations to help them save costs and improve productivity by managing various tasks such as taking inventory, turning a weeklong activity into one day.

    “After two years of product development work, the initiation of the first IQ Nano drone trial inside a customer’s warehouse is an important milestone. We believe the technology will help innovate and improve their inventory management process. Further, receiving feedback from our first paying customer will be extremely valuable as we continue to fine tune our IQ series solutions, enabling us to expand our offerings with this and additional new customers,” said CEO Shaun Passley, Ph.D.

    ZenaTech also recently announced that its subsidiary, ZenaDrone, is launching its IQ Nano product, part of the IQ series of indoor/outdoor drones. The IQ Nano is designed for customers in sectors such as warehousing and logistics to save costs and improve productivity while performing indoor inspection, monitoring and tracking processes including inventory management.

    The ZenaDrone IQ Nano is a 10×10-inch drone designed to perform regular and frequent inspections for applications such as bar code or RFID scanning, facility maintenance inspections, security monitoring, and 3D mapping specific to the needs of companies with warehouse, distribution, plants and industrial facilities. It is designed for autonomous use featuring integrated sensors, high-quality cameras and data collection. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

    And finally, ZenaTech recently announced that its subsidiary, ZenaDrone, has commenced aerial operations to launch commercial drone services in the US. This was made possible due to recently achieving Federal Aviation Authority (FAA) exemption approval.

    Other recent developments in the Drone and/or Technology industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced it secured a $1 million contract for its Edge 130 Blue drones from the United States Army Communications-Electronics Command (CECOM). The contract was secured through Noble, a leading provider of global sustainment and operations support for the U.S. Military and civilian government agencies, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CECOM.

    FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.

    Toyota Motor Corporation (TM) and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, recently announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility.

    The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and certain other conditions. The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025. Further details of the investment are available via the companies’ regulatory filings with the SEC.

    EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced a major milestone with the successful completion of the first flight of its EH216-S pilotless eVTOL in Brazil.

    EHang’s first trial flight in Brazil took place in Quadra, located in the São Paulo region, in partnership with its local operator, Gohobby Future Technologies (“Gohobby). This achievement holds significant importance for the future development of UAM solutions in Brazil, a country known as the birthplace of Latin American aviation, home of one of the world’s leading aeronautical industries, and one of the world’s largest eVTOL markets. As for now, EHang and its local partners have carried out over 50,000 safe flights in 17 countries across Asia, Europe, North America, and Latin America.

    AeroVironment, Inc. (NASDAQ: AVAV) recently showcased the maritime prowess of its combat-proven JUMP® 20 uncrewed aircraft system (UAS) during the NATO REPMUS 2024 (Robotic Experimentation and Prototyping using Maritime Uncrewed Systems) exercise off the coast of Portugal. This dynamic demonstration reinforced JUMP 20’s advanced Intelligence, Surveillance, and Reconnaissance (ISR) capabilities, autonomously launching and landing on a moving vessel in rough seas, with conditions reaching sea state level 5 and winds over 20 kts.

    The JUMP 20 also highlighted its multi-sensor mission versatility, seamlessly executing wide-area search and detection tasks. Its advanced Electro Optical and Mid-Wave Infrared (MWIR) turret automatically slewed to investigate identified targets without repositioning the platform, ensuring constant operational focus. Full-motion video was captured and later analyzed using AV’s cutting-edge computer vision technology, SPOTR-Edge™, enabling perception analysis using its robust library of object classifications, including persons, vehicles, and maritime vessels. Additionally, video from this event will further enhance the solution, making the JUMP 20 even more capable for future deployments by refining its object recognition and situational response capabilities.

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    The MIL Network

  • MIL-OSI Russia: Dmitry Chernyshenko: Bashkortostan has passed the baton of the International Sports Forum “Russia – a Sports Power” to the Samara Region

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Dmitry Chernyshenko: Bashkortostan has passed the baton of the International Sports Forum “Russia – a Sports Power” to the Samara Region

    Deputy Prime Minister Dmitry Chernyshenko and Sports Minister Mikhail Degtyarev inspected the exposition of the international forum “Russia – a Sports Power” and launched the sports project “The Path of the Future Games Trophy 2.0”. During the inspection, a ceremony was held to transfer the forum symbol and the right to host the event in 2025 to Samara.

    “It is extremely important that the forum “Russia – a Sports Power” will host panel discussions on issues that are relevant to everyone, related to the development and future of international sports. Such sports that are not subject to political circumstances and are not used as a weapon against other countries. The attempts of the unfriendly West to ban everything Russian, including our culture, language and sports, have truly failed. This year we held the largest international, open competitions – the Games of the Future, “Children of Asia”, the BRICS Games. And their number will only increase. Russia is open to the whole world, and this is being stated today from the rostrum of the forum “Russia – a Sports Power”, – the Deputy Prime Minister emphasized.

    Dmitry Chernyshenko drew attention to the symbolism of holding the forum in the year of the 450th anniversary of Ufa and spoke about the region’s achievements in the field of sports development: Bashkortostan has one of the highest levels of provision of sports infrastructure and involvement of residents in regular sports.

    The Deputy Prime Minister noted that in the conditions in which our country finds itself, its unification around President Vladimir Putin is especially noticeable, including in the field of sports. The head of state set the task of increasing the number of people systematically involved in sports to 70% by 2030. According to the Deputy Prime Minister, the Republic of Bashkortostan is an excellent platform and example.

    “We plan that the goal of 70% of citizens regularly involved in sports will be achieved by 2030. Today, about 60% of Russians are actively involved in sports. The components of success here are our coaches, athletes, infrastructure, which, by decision of the President, has been developing at a very rapid pace in recent years. The head of state instructed us to additionally introduce 350 sports facilities per year. Money has been allocated for these purposes,” said Mikhail Degtyarev.

    The Minister of Sports also noted the joint work with the Government: “We take into account all the instructions of the President, federal programs, process events and work with the regions. Plus the comprehensive state program, which President Vladimir Vladimirovich Putin supported at the suggestion of Dmitry Nikolaevich Chernyshenko. We are currently working on it. It will take into account the federal budget, and regional funds that go to sports, and extra-budgetary sources. Large companies spend a lot on sports, we thank them for this. Now these funds will be taken into account when planning expenses.”

    Dmitry Chernyshenko, together with Mikhail Degtyarev and Acting Prime Minister of the Government of the Republic of Bashkortostan Andrey Nazarov, visited the stands of the Ministry of Industry and Trade of Russia, the State Sports Museum, SMP Racing, the Republic of Belarus, the Samara, Sakhalin and Tula regions, and Bashkortostan.

    The Ministry of Industry and Trade of Russia presented developments of domestic manufacturers and showed their products. A unique collection of Olympic torches from different years was presented at the stand of the State Sports Museum.

    At the Samara Region stand, Acting Prime Minister of Bashkortostan Andrey Nazarov solemnly handed over a symbolic baton to the Governor of the Samara Region Vyacheslav Fedorishchev – the right to host the Russia – Sports Power forum in 2025.

    “We are grateful to President Vladimir Putin for the trust he has shown in holding the international forum in the capital of our republic. We approached this issue with special responsibility. We have done truly large-scale work. We are handing over the symbol of the country’s main sporting event to our esteemed neighbors – the Samara Region,” Andrey Nazarov emphasized.

    Also, Dmitry Chernyshenko, together with Mikhail Degtyarev, the President of the Russian Phygital Sports Federation Nikita Nagorny and the head of the Future Games project Igor Stolyarov, launched the sports project “The Path of the Future Games Trophy 2.0” – an international motor rally with the main trophy of the Games.

    The Deputy Prime Minister recalled that in February of this year, at the initiative of President Vladimir Putin, the Games of the Future were held for the first time in human history. They were a huge success: 116 countries, 2,000 athletes, more than 3.5 billion views.

    The International Phygital Sports Federation has already been organized. The next Games will be held in 2025 in the United Arab Emirates, and the third in Kazakhstan.

    “The trophy’s route will pass through eight countries, including the countries that will host the Games of the future. The importance of this journey is difficult to overestimate, as it will popularize the phygital movement – a sports movement that unites science, technology and sports, creating new stars who are equally developed in both the virtual and physical worlds. It is they who are the effective future of our world. We are very pleased that our partners continue to support this format,” the Deputy Prime Minister emphasized.

    Mikhail Degtyarev noted that the Games trophy even went to space, and spoke about the creation of phygital centers: “Also, on the instructions of Dmitry Nikolaevich Chernyshenko, with the support of our President Vladimir Vladimirovich Putin, we will build at least 300 phygital centers across the country by 2030. The funds are included in our budget, and are currently being approved. We have done this work, and this is the future – physical activity plus eSports give a healthy modern person of the future.”

    The international Future Games Trophy Route 2.0 rally aims to take phygital to an even bigger scale. It will run from October 17 to November 22, 2024, through Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, Iran and Qatar.

    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://government.ru/nevs/53028/

    MIL OSI Russia News

  • MIL-OSI Europe: International appeal for humanitarian demining in Ukraine adopted in Lausanne

    Source: Switzerland – Department of Defence, Civil Protection and Sport

    Bern, 17.10.2024 – The first day of the Ukraine Mine Action Conference 2024 ended today with the presentation of the Lausanne Call for Action, which reaffirms the support of the majority of the countries present for humanitarian demining in Ukraine and around the world. The appeal calls for the needs of victims and disabled people to be addressed and promoting partnership and innovation to increase effectiveness in mine action. The conference, held in Lausanne at the EHL Hospitality Business School, brings together representatives of states, international organisations and partners in humanitarian demining.

    61 delegations met on 17 and 18 October 2024 in Lausanne for the Ukraine Mine Action Conference 2024 (UMAC2024). At the end of the first high-level day, the Lausanne Call for Action was adopted, calling for concrete action by states on humanitarian demining in Ukraine. This includes, for example, the swift and safe rehabilitation of agricultural areas, the economic and social reintegration of victims with disabilities, the promotion of international cooperation between the various partners active on the ground, and the exchange of experience and knowledge to foster innovative methods and technologies that increase the effectiveness of mine action at a global level. The text was presented by Switzerland and Ukraine, together with Croatia, which hosted the last mine action conference, and Japan, which will host the 2025 edition.

    Civil population, partnerships and innovation at centre of debate

    The event, hosted jointly by Switzerland and Ukraine, features debates and discussions based on three pillars – people, partners and progress – with the aim of highlighting the crucial importance of humanitarian demining as an integral part of the country’s economic and social reconstruction. The conference was opened by the Swiss president, Viola Amherd and the Ukrainian prime minister, Denys Shmyhal. The Swiss president emphasised in her speech that humanitarian demining is a priority for Switzerland: “Humanitarian demining is not only a security issue, but also a prerequisite for recovery, especially for the restoration of agricultural production and children’s education.”

    Also speaking at UMAC2024 will be figures from the scientific community and civil society, such as British photographer Giles Duley, a landmine survivor and UN Global Advocate for persons with disabilities in conflict situations and peacebuilding situations, and philanthropist Howard G. Buffett, chairman and CEO of the Howard G. Buffett foundation.

    Switzerland’s concrete support for humanitarian demining

    During the conference, the head of the FDFA, Ignazio Cassis, reiterated the importance of international cooperation in humanitarian demining and reaffirmed Switzerland’s commitment to the reconstruction of Ukraine, based on the Lugano Principles adopted in 2022. He also pointed out that the Federal Council decided last week to grant an additional CHF 30 million to the Fondation suisse de déminage (FSD) to extend its activities in the Kharkiv and Kherson regions until 2027. “Thanks to partners such as FSD and the International Centre for Humanitarian Demining, Switzerland is providing direct, effective support in Ukraine,” said Cassis. Since February 2022, the Swiss federal government has implemented various measures to support those affected by the war and allocated around CHF 3.7 billion. Last year the Federal Council approved CHF 100 million in support over four years, earmarked exclusively for mine action in Ukraine.

    Switzerland reiterates solidarity with Ukraine

    At the UMAC2024, a delegation from the Federal Council, led by President Viola Amherd, met with Ukrainian Prime Minister Denys Shmyhal. The meeting was dedicated to possible steps towards peace, reconstruction and solidarity with Ukraine in the face of the energy shortage in the upcoming winter months. The Swiss delegation, which included Federal Councillor Ignazio Cassis, emphasised Switzerland’s continued and long-term solidarity with Ukraine.

    Following the Summit on Peace in Ukraine at the Bürgenstock resort in June, the two sides discussed further possible substantive steps towards a lasting and just peace in Ukraine. For Switzerland, it is clear that any solution must respect international law and the UN Charter. Switzerland remains ready to offer its good offices with the aim of supporting firm steps towards the inclusion of both parties. The thematic follow-up conference scheduled to be held in Montreal at the end of October on the human dimension, the fate of prisoners of war, arbitrarily detained civilians and abducted children was also discussed. A further important topic of discussion was Switzerland’s support for Ukraine and the reconstruction effort, to which the Federal Council attaches strategic importance.

    The Vaud cantonal police are implementing the necessary security measures for the UMAC2024, adapted to the assessment of the situation and in close cooperation with the Federal Office of Police (fedpol). The Swiss Armed Forces provide them with support, in particular in the areas of personnel transport, logistics, air surveillance and air transport.


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    MIL OSI Europe News

  • MIL-OSI Economics: Apple celebrates 10 years of Apple Pay

    Source: Apple

    Headline: Apple celebrates 10 years of Apple Pay

    October 17, 2024

    UPDATE

    Apple celebrates 10 years of Apple Pay

    Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, reflects on a decade of Apple Pay enriching users’ lives, and shares new ways to pay with Apple Pay, including rewards and installments

    When we started our journey with Apple Pay 10 years ago, we saw a unique opportunity to leverage Apple’s hardware and software to make a meaningful impact on the financial health and lives of our customers. From the outset, we envisioned a world where you could use your iPhone to seamlessly pay for everything — from groceries to train tickets, in person and online, across the globe — all while keeping your personal and financial information safe and private.

    Today, Apple Pay is used by hundreds of millions of consumers in 78 markets, at checkout on millions of websites and apps, in tens of millions of stores worldwide, and is supported by more than 11,000 bank and network partners. We hear from customers every day about how much they love the ease, security, and privacy protections Apple Pay provides in their daily lives, and how much they enjoy using it across their devices — including iPhone, Apple Watch, iPad, and Mac.

    One of my earliest memories of realizing how Apple Pay was positively impacting consumers’ lives was when we rolled out Apple Pay for transit in Tokyo, which is used by millions of travelers every day. I watched in awe as people quickly tapped their iPhone or Apple Watch to pay while passing through the turnstiles — no need to fish out any cash, cards, or coins from their wallets, or even unlock or wake their device. It’s a great example of how Apple Pay’s seamless and secure customer experience delivers convenience and peace of mind to consumers around the world, whether they’re commuting to work, shopping online, or picking up their morning coffee.

    We know how important it is for customers to feel secure and trust that their financial transactions are private when making a payment. That’s why we’re always working to safeguard consumers, while also enabling banks to have industry-low levels of fraud for Apple Pay transactions. And it’s also why Apple Pay was designed to protect users’ highly sensitive personal and financial information, like their card number, which is never shared with merchants. Our customers trust that when they use Apple Pay anywhere, they can have the peace of mind that their payments are protected.

    Looking ahead at what’s next for Apple Pay, we are excited to now bring our users more ways to pay, including the option to redeem rewards and access installment loans from Apple Pay-enabled issuers and lenders right at checkout with Apple Pay online and in-app on iPhone and iPad. This gives consumers greater flexibility in how they pay with the easy and trusted Apple Pay experience they already know and love. It also provides Apple Pay-enabled issuers and lenders with new ways to connect with their customers, and make their rewards and installment offerings even more accessible.

    Beyond payments, we’re also advancing our broader vision of replacing users’ physical wallets with an easy, secure, and private digital wallet — Apple Wallet. Today, users can seamlessly and securely add and access eligible event tickets, transit cards, keys, government IDs, and more all from Apple Wallet. And we’re always looking for new ways to make using Apple Wallet convenient while delivering unparalleled security and peace of mind.

    The last decade was an incredible journey, and we’re thrilled that so many people around the world are enjoying the experience that Apple Pay and Apple Wallet provide. I can’t wait to see what the next 10 years have in store.

    — Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet

    More Ways to Pay with Apple Pay

    With iOS 18, eligible users can now access installment loan options from Affirm in the U.S. and from Monzo Flex in the U.K. when checking out with Apple Pay online and in-app on iPhone and iPad.1 And starting today, eligible users in the U.S. and U.K. will also have the option to access Klarna’s flexible payment options right at checkout online and in-app with Apple Pay on iPhone and iPad.

    In the future, users will also be able to access installment payment options from eligible credit or debit cards when making online purchases with Apple Pay in the U.S. with Citi, Synchrony, and across eligible, participating Apple Pay issuers with Fiserv; in Australia with ANZ; in Singapore with DBS; in Spain with CaixaBank; and in the U.K. with HSBC, NewDay, and Zilch, with more issuers to follow. Users in Canada will also have access to Klarna’s flexible payment options at checkout with Apple Pay online and in-app on iPhone and iPad in the future.

    Additionally, with iOS 18, Apple Pay users in the U.S. can now redeem rewards with eligible Discover credit cards2 when they check out with Apple Pay online and in-app on iPhone and iPad. In the future, users will also be able to redeem rewards for purchases with Apple Pay in the U.S. with Synchrony and across eligible, participating Apple Pay issuers with Fiserv and FIS, and in Singapore with DBS, with more issuers to follow.

    Users can now also access Apple Pay on third-party web browsers and computers.3 At checkout, users will be prompted to use their iPhone or iPad to scan a code, and will then be able to securely complete the payment with Apple Pay on iPhone or iPad. And with Tap to Provision, it’s even easier for users to add a credit or debit card to Apple Wallet by simply tapping their eligible card to the back of their iPhone.4

    Next year, customers in the U.S. will also be able to see their PayPal balance when using their PayPal debit card in Apple Wallet, giving them greater visibility and confidence when shopping.

    1. This feature is offered by a card’s issuer, and is subject to issuer eligibility requirements and other issuer terms. This feature is not available in all markets, and may not be available for all types of purchases, such as subscriptions and recurring transactions. The full amount of the transaction will be charged to the user’s card at the time of their purchase, and a statement credit for the redeemed reward amount will be applied to the user’s account.
    2. Redemptions used with Discover credit cards will be reflected as a statement credit on a customer’s account.
    3. iOS 18 or iPadOS 18 or later required. Available with participating merchants on compatible browsers. Compatible browsers require WebSocket support. This feature is not available in all markets.
    4. Must have an eligible and supported card. Not available in all markets. To use this feature, a card’s NFC technology must be activated, and the user may need to enter their card’s security code during setup. Software requirements apply. To ensure a user has all features of this product, their iPhone must be updated to the latest software version.

    In the U.S., Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. In other countries and regions, Apple Pay is a service provided by certain Apple affiliates, as designated by the Apple Pay privacy notice. Neither Apple Inc., nor Apple Payments Services LLC, nor its affiliates are a bank. Any card used in Apple Pay is offered by the card issuer.

    The survey was commissioned by Apple and conducted by Morning Consult between September 10-13, 2024, among a sample of 3,014 adults in the U.S. ages 18-64.

    Press Contacts

    Heather Norton

    Apple

    heather_norton@apple.com

    Kimberly Mai

    Apple

    k_mai@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI: Pineapple Energy Announces Lease Termination for Former Minnesota Headquarters – Move Expected to Produce Total Savings of Approximately $480,000

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., Oct. 17, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (the “Company”) (NASDAQ: PEGY), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, announced today that it has terminated the operating lease for its former corporate office in Minnetonka, Minnesota.

    The termination of the lease, which was set to expire in 2027, is expected to save the Company approximately $17,500 per month or $210,000 a year in associated rent. There was a one-time buyout fee associated with the lease termination agreement, and the Company will spread payment of that fee over the next 14-months.

    Taking into account the remaining years on the now terminated lease, other related costs, and the effect of the buyout fee, total savings are estimated at approximately $480,000.

    “The termination of this lease is another positive step in our ongoing cost reduction initiatives and reflects our efforts to centralize the Company’s operations in our current primary markets of Long Island, NY and Hawaii,” said Scott Maskin, Interim Chief Executive Officer. “We are authoring a new future for the Company, an important part of which is properly aligning our cost structure to help us deliver long-term value to our shareholders.”

    About Pineapple Energy

    Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services.

    Forward Looking Statements

    This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances, including the Company’s expectations regarding its ability to effect the reverse stock split and regain compliance with Nasdaq’s continued listing standards. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

    Safe Harbor Statement

    Our prospects here at Pineapple Energy Inc. are subject to uncertainties and risks. This news release (video statement) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at http://www.sec.gov.

    Contacts:
    Scott Maskin
    Interim Chief Executive Officer
    +1 (631) 823-7131
    scott.maskin@pineappleenergy.com

    Pineapple Investor Relations
    +1 (952) 996-1674
    IR@pineappleenergy.com

    The MIL Network

  • MIL-OSI: Global Commercial Drone Market Size Estimated at $30 Billion as Technological Advancements are Booming

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Experts and investors see continued growth in the global commercial drone market size. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets used for various applications, including filming and emergency response. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone market. According to a report from Grand View Research said that the global commercial drone market size, which was estimated at USD 30.02 billion in 2024 is expected to grow at a CAGR of 10.6% from 2025 to 2030. The report said: “Technological advances allow companies to design and construct measurement and annotation tools for estimating area, volume, and distance. As a result, organizations are constantly adopting Artificial Intelligence (AI) and Machine Learning (ML) solutions to retrieve accurate findings from large volumes of data. Integration of these modern technologies provides the industry with ample opportunities as they facilitate real-time, data-driven decision-making through high-speed data capture, processing, and transfer. AI-powered drones also allow users to interact and observe footage captured by other drones in real-time and track their flight paths.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), RTX Corporation (NYSE: RTX), Draganfly Inc. (NASDAQ: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).

    Grand View Research continued: “The delivery & logistics segment is expected to witness the fastest CAGR of 14.3% from 2025 to 2030 with the expansion of the e-commerce sector across the globe. With the increased demand for quick delivery of goods, drones are being increasingly used in e-commerce warehouses for product warehousing and delivery. Warehouses worldwide are making significant investments to enhance the level of automation. In this regard, drones find an important usage in operations, such as barcode scanning, that require more person-hours. The U.S. commercial drone market is anticipated to grow at a CAGR of above 8% from 2025 to 2030. The region is expected to witness steady growth considering the developments in UAV technology, favorable government initiatives, and growing demand from enterprises across industries. Furthermore, the Federal Aviation Administration (FAA) issued new regulations to facilitate more coherent and consistent standards for the legal and safe operation of UAVs in commercial spaces. These rules and regulations are anticipated to mitigate entry barriers and encourage product usage.”

    ZenaTech Inc.’s (NASDAQ: ZENA) ZenaDrone Team Begins US Flight Testing of ZenaDrone 1000 Drone in the Arizona Desert ZenaTech, Inc. (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announced today that its subsidiary, ZenaDrone, has begun the first US flight testing of the ZenaDrone 1000 drone, including new hardware and software configurations, in the desert near Phoenix, Arizona. The company has also been concurrently working towards setting up offices, operations and partnerships in the state.

    “After years of development work and recently achieving US FAA approval, it is gratifying to be able to conduct live test flights and further build our company base in Arizona. This is the first of many test flights and demonstrations that will help us refine and build the reliability of the ZenaDrone 1000 solutions for agriculture, defense, security, land surveying and other applications where we see demand,” said CEO Shaun Passley, Ph.D. One of the company’s longstanding collaboration partners is the Arizona Commerce Authority (ACA), the State of Arizona’s economic development organization.

    “We are thrilled that ZenaDrone has further grown and strengthened its Arizona presence by choosing Arizona as its base of U.S. operations. And we are now delighted that they have chosen Arizona’s skies to begin live testing of the ZenaDrone 1000 product. We look forward to continued work with ZenaDrone to grow their business in Arizona and throughout the world, including via participation at international trade shows and on international trade missions,” said Kevin O’Shea, Senior Vice President of International Trade for the ACA. Read the full press release and more for ZenaTech at: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments include:

    ZenaTech recently announced that its subsidiary, ZenaDrone, has begun the first US trial of the IQ Nano product solution for inventory management, beginning with a multinational auto part and components customer. The drone will be reading the bar codes and collecting inventory information as part of a paid trial. The IQ Nano indoor drone is designed for customers with warehouse, logistics and distribution operations to help them save costs and improve productivity by managing various tasks such as taking inventory, turning a week-long activity into one day.

    “After two years of product development work, the initiation of the first IQ Nano drone trial inside a customer’s warehouse is an important milestone. We believe the technology will help innovate and improve their inventory management process. Further, receiving feedback from our first paying customer will be extremely valuable as we continue to fine tune our IQ series solutions, enabling us to expand our offerings with this and additional new customers,” said CEO Shaun Passley, Ph.D.

    ZenaTech also recently announced that its subsidiary, ZenaDrone, is launching its IQ Nano product, part of the IQ series of indoor/outdoor drones. The IQ Nano is designed for customers in sectors such as warehousing and logistics to save costs and improve productivity while performing indoor inspection, monitoring and tracking processes including inventory management.

    The ZenaDrone IQ Nano is a 10×10-inch drone designed to perform regular and frequent inspections for applications such as bar code or RFID scanning, facility maintenance inspections, security monitoring, and 3D mapping specific to the needs of companies with warehouse, distribution, plants and industrial facilities. It is designed for autonomous use featuring integrated sensors, high-quality cameras and data collection. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

    And finally, ZenaTech recently announced that its subsidiary, ZenaDrone, has commenced aerial operations to launch commercial drone services in the US. This was made possible due to recently achieving Federal Aviation Authority (FAA) exemption approval.

    Other recent developments in the technology industry include:

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the Company was selected to participate in the REPMUS 2024 Exercise co-hosted by NATO. Exercises and demonstrations took place September 9-27, 2024 in Troia, Portugal.

    REPMUS (Robotic Experimentation and Prototyping augmented by Maritime Unmanned Systems) is an annual Portuguese Navy (PN)-led, NATO co-hosted exercise, focusing on maritime unmanned system (MUS) capability development. The objective of REPMUS 2024 is to conduct large-scale operational experimentation. The exercise facilitated the engagement of operational communities with the industry and academia, integrating the latest commercial off-the-shelf systems for trials. It also focused on validating experimental tactics, upgraded vehicles, software updates, integrated payloads, and command and control on Maritime Unmanned Systems (MUS) to address key operational issues. The last REPMUS exercise, which took place in September 2023, was attended by more than 25 Navies, 8 NATO entities and more than 30 companies and universities dedicated to research and development in this area.

    Raytheon, an RTX Corporation (NYSE: RTX) business, recently announced that it has entered full-rate production for Standard Missile-3 Block IIA, validating the program’s design maturity amid increased demand for the product from the United States and allied partners. The SM-3 Block IIA production milestone cleared the way for a $1.9 billion award from the U.S. Missile Defense Agency in July 2024 to produce rounds for both the U.S. government and Japan Ministry of Defense.

    Full-rate production signals that there is no elevated design or manufacturing risk in the missile and validates its reliability and performance.  “SM-3 Block IIA is a testament to the continuing partnership with Japanese industry to mature ballistic missile defense capabilities for the defense of our nation and our allies around the globe,” said Barbara Borgonovi, president of Naval Power at Raytheon. “This milestone indicates that the team has achieved full maturity in the missile’s design which leads to greater efficiencies throughout the program.”

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced updates to its Board of Directors and Advisory Board. Olen Aasen is stepping down from the Draganfly Board, and Kim Moody has been appointed as the new Audit Chair. Additionally, Draganfly is welcoming back Andy Card, former White House Chief of Staff, to the Advisory Board.

    Andy Card, who previously served on Draganfly’s Board of Directors, is rejoining the Company as a member of its Advisory Board, brings decades of leadership experience. He served as White House Chief of Staff under President George W. Bush from 2000 to 2006, managing the Executive Office of the President and shaping U.S. policy during critical moments, including the September 11th attacks. Andy’s career also includes roles as U.S. Secretary of Transportation and Vice President of Government Relations for General Motors.

    “We are thrilled to welcome Andy back to the Draganfly team in this advisory capacity,” commented Cameron Chell, Draganfly CEO. “His leadership experience and trusted counsel have been critical to the Company’s growth, and we look forward to his continued insights as we drive innovation and expand our presence in the UAV industry.”

    Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) recently announced that it has recently received a new, sole source, approximate $45 million single award contract related to a new satellite system. Work under this new satellite system contract award will be performed at secure Kratos engineering, production and integration facilities. Due to customer related, competitive and other considerations, no additional information will be provided regarding the new contract award at this time.

    Phil Carrai, President of Kratos Satellite Business Unit, said, “The Kratos team is laser focused on rapidly developing and delivering leading technology products, software and systems to our National Security related customers in support of Mission Critical Space and Satellite system requirements. We are excited about this new space system program opportunity.”

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at http://www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network

  • MIL-OSI USA: Warren Celebrates Milestone of Over One Million Public Service Workers Receiving Student Debt Cancellation

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    October 17, 2024
    Public Service Loan Forgiveness program has canceled debt for more than 22,210 borrowers in Massachusetts
    Sen. Warren leads charge to deliver student debt relief for borrowers in Massachusetts and across the country
    Boston, MA — Today, Senator Elizabeth Warren (D-Mass.) celebrated new federal student debt relief, bringing the total number of Americans who have had their debt canceled under the Public Service Loan Forgiveness (PSLF) program during the Biden-Harris Administration to a historic 1 million people and counting. The Biden-Harris Administration has canceled student loan debt for 22,210 borrowers in Massachusetts under PSLF. Senator Warren has led the charge to deliver student debt relief for a record number of people in Massachusetts and across the country, including by introducing bills to cancel debt and improve the PSLF program.
    “President Biden and Vice President Harris fixed this broken program. Thanks to this new relief, over one million public servants will have the weight of crushing student debt lifted off of their shoulders — when this same program delivered relief to only 7,000 workers before President Biden took office. We promised dedicated public servants that they wouldn’t be saddled by decades of debt, and we’re making good on that promise,” said Senator Warren. “I worked hard every day in office to fix this broken program, and now more than 20,000 Massachusetts public service workers are done with student debt forever.”
    “Before President Biden and Vice President Harris entered the White House, the Public Service Loan Forgiveness program was so riddled by dysfunction that just 7,000 Americans ever qualified and countless public servants were trapped making payments on debts that should have been forgiven,” said U.S. Secretary of Education Miguel Cardona. “From Day One, the Biden-Harris administration made fixing this broken program a top priority, and today, I’m tremendously proud that over one million teachers, nurses, social workers, veterans, and other public servants have received lifechanging loan forgiveness. As Secretary of Education, I want to send a message to college students across America that pursuing a career in public service is not only a noble calling but a reliable pathway to becoming debt-free within a decade.”
    The Public Service Loan Forgiveness program supports public servants — including teachers, nurses, social workers, first responders, and servicemembers — by forgiving the remaining student loan balance for those who make the required 120 qualifying monthly payments. This relief includes both borrowers who benefitted from the Biden-Harris Administration’s limited PSLF waiver, a temporary opportunity that ended in October 2022, as well as from regulatory improvements made to the program during this Administration.
    Senator Warren has led the fight to reform our higher education system, cancel student loan debt, and hold student loan servicers accountable:
    In September 2024, Senators Warren (D-Mass.) and Merkley (D-Ore.) released a new report examining the impact of the Biden-Harris administration’s new Higher Education Act rule, finding that low- and middle-income borrowers, seniors, women, and Black borrowers will receive enormous benefits from the new rule.
    In August 2024, Senator Warren joined Senators Jeff Merkley, Ron Wyden (D-Ore.), and Richard Blumenthal (D-Conn.) to launch an investigation into the reported mishandling of student loan transfers by MOHELA, Nelnet and credit reporting agencies.
    In August 2024, Senator Warren (D-Mass.) and Representative Madeleine Dean (D-Pa.) led over 30 lawmakers in a letter urging student loan servicer Navient to reform its flawed process to cancel the private student loans of borrowers who attended fraudulent, for-profit colleges.
    In July 2024, Senators Warren, Ron Wyden, Chris Van Hollen, and Bernie Sanders, sent a letter to Secretary of Education Miguel Cardona, cautioning the Department of Education on Federal Student Aid’s transition to the Unified Servicing and Data Solution system.
    In July 2024, Senators Warren, Schumer, and Sanders released a joint statement on the American Federation of Teachers’ lawsuit against MOHELA for allegedly overcharging and misleading student loan borrowers.
    In May 2024, Senators Warren and King led their colleagues in a letter to Education Secretary Miguel Cardona, urging them to provide guidance and communication to borrowers as the Public Service Loan Forgiveness program transfers from MOHELA to the Department of Education. 
    In May 2024, Senator Warren led a growing coalition of senators in urging the Department of Education to hold student loan servicer MOHELA accountable for its failures.
    In May 2024, Senator Warren and 24 members of the U.S. Senate sent a letter to Senator Tammy Baldwin, Chair of the Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, and Senator Shelley Moore Capito, Ranking Member of the Subcommittee, encouraging them to provide $2.7 billion in funding to the Office of Federal Student Aid (FSA) in fiscal year (FY) 2025.
    In May 2024, Senators Warren, Carper, Kaine, and Representative Don Davis (D-N.C.) called on the Department of Defense (DoD) to release data on the Postsecondary Education Complaint System (PECS), a centralized database to track complaints against schools who participate in the Tuition Assistance (TA) and My Career Advancement Account Scholarship (MyCAA) program.
    In April 2024, Senator Warren led eight of her colleagues in sending a letter to David L. Yowan, President and Chief Executive Officer of student loan servicer Navient, urging the servicer to cancel decades-old private student loans pushed onto borrowers attending fraudulent, for-profit colleges.
    In April 2024, Senators Warren, Blumenthal, Markey, and Van Hollen released a new report: Servicing Scandals: Student Loan Servicers’ Failures During Return to Repayment, which reveals a decades-long pattern of student loan servicer incompetence and misconduct that has affected millions of borrowers nationwide.
    In April 2024, Senator Elizabeth Warren led a hearing on student loan servicer Higher Education Loan Authority of the State of Missouri (MOHELA) and its failures during borrowers’ return to repayment, including MOHELA’s mismanagement of the Public Service Loan Forgiveness program. 
    In March 2024, Senators Elizabeth Warren and Ron Wyden (D-Ore.), Chair of the Senate Finance Committee, along with U.S. Representatives Ayanna Pressley (D-Mass.), Pramila Jayapal (D-Wash.), Raúl Grijalva (D-Ariz.), and John Larson (D-Conn.), led their colleagues in calling on the Social Security Administration (SSA), the U.S. Department of the Treasury (Treasury), and the U.S. Department of Education to end the practice of offsetting Social Security benefits to pay off defaulted student loans. 
    In February 2024, Senator Warren, Majority Leader Chuck Schumer (D-N.Y.), and Senator Bernie Sanders (I-Vt.) released a statement calling for an investigation into student loan mismanagement by MOHELA.
    In January 2024, Senators Warren, Schumer, Sanders, Senator Raphael Warnock (D-Ga.), and Senator Alex Padilla (D-Calif.), along with Representative Ayanna Pressley, Assistant Democratic Leader Jim Clyburn (D-S.C.), Representative Frederica Wilson (D-Fla.), and Representative Ilhan Omar (D-Minn.), led their colleagues in calling on the Secretary of Education Miguel Cardona to host a fourth session of the student debt negotiated rulemaking to consider relief for borrowers experiencing financial hardship.
    In December 2023, U.S. Senators Warren, Richard Blumenthal, Ed Markey,, and Chris Van Hollen (D-Md.) sent follow-up letters to student loan servicers – MOHELA, EdFinancial, Nelnet, and Maximus – raising concerns about borrowers’ problems with return to repayment, requesting information about the borrower experience, and pushing back on the servicers’ claim that budget shortfalls limit their ability provide quality customer service to millions of borrowers.
    In December 2023, Senators Warren, Schumer, Sanders, Alex Padilla (D-CA), and Representatives Ayanna Pressley (D-Mass.), Ilhan Omar (D-Minn.), and Frederica Wilson (D-Fla.) sent a letter to U.S. Secretary of Education Miguel Cardona, urging him to leverage his existing and full authority under the Higher Education Act to provide expanded student debt relief to working and middle-class borrowers.
    In August 2023, Senator Warren, Congresswoman Ayanna Pressley, Senate Majority Leader Chuck Schumer (D-N.Y.), Senators Alex Padilla and Raphael Warnock (D-Ga.) and U.S. Representatives Ilhan Omar, Jim Clyburn, and Frederica Wilson led 79 other lawmakers in a letter to President Joe Biden, urging him to swiftly deliver on his promise to deliver student debt cancellation to working and middle class families by early 2024.
    In October 2022, Senator Warren and Representative Ayanna Pressley (D-Mass.) visited communities across Massachusetts to celebrate the Biden administration’s student debt cancellation plan and help residents sign up for student loan relief. 
    In October 2022, Senator Warren called on the Department of Education to hold for-profit colleges executives accountable for scamming students out of a quality education and loading them up with student debt.
    In March 2022, Senator Warren, along with Senate Democratic Whip Dick Durbin (D-Ill.), Senator Brown and Representatives Pramila Jayapal (D-Wash.) and Mark Takano (D-Calif.), urged Secretary of Education Miguel Cardona to swiftly discharge the loans of borrowers defrauded by predatory for-profit colleges and universities, including those operated by Corinthian College. 
    In January 2022, Senator Warren, along with Senate Majority Leader Charles E. Schumer (D-N.Y.) and Representatives Jayapal, Pressley, Ilhan Omar (D-Minn.), and Katie Porter (D-Calif.) led more than 80 colleagues in a bicameral letter to the Department of Education calling for it to release the memo outlining the Biden administration’s legal authority to cancel federal student loan debt and immediately cancel up to $50,000 of debt for Federal student loan borrowers.
    In October 2021, Senator Warren, along with Senator Markey and Representative Pressley, released a report that detailed the ongoing failures of the Public Service Loan Forgiveness program for public servants in Massachusetts. 
    In April 2021, Senators Warren and Raphael Warnock (D-Ga.) led a group of colleagues in a letter to Education Secretary Miguel Cardona urging the Department of Education to take swift action to automatically remove all federally-held student loan borrowers from default.

    MIL OSI USA News

  • MIL-OSI China: 15 jailed for building collapse in central China

    Source: China State Council Information Office 2

    A total of 15 people were sentenced to prison in central China’s Hunan Province on Thursday for their roles in a deadly building collapse that claimed 54 lives in 2022.
    The defendants, including the owner of the illegally built and extended building and officials who were found of dereliction of duty, received jail terms ranging from two years and nine months to 12 years, according to their first-instance verdicts by local courts.
    The incident occurred in Wangcheng District in the provincial capital of Changsha on April 29, 2022, leaving 54 dead and nine wounded. The State Council set up an investigation team to look into the incident shortly after it occurred.
    Wu Zhiyong, the owner of the building, was sentenced to 11 years in prison for negligence leading to the incident. He had hired unqualified construction workers to illegally construct and extend the building, which he then leased as an accommodation and catering venue, according to the verdict.
    Despite clear signs of the building’s imminent collapse, Wu failed to organize emergency evacuations, resulting in heavy casualties. He was also convicted of conspiring with others to repeatedly destroy other people’s property, the verdict showed.
    Zhou Zhengmao, former deputy head of Wangcheng District, was handed a jail term of 12 years for dereliction of duty and accepting bribes.
    Others convicted include inspectors from urban management and market regulation departments, as well as shareholders and testing personnel from a company that issued fake documents for the building project.
    The company, Hunan Xiangda Engineering Testing Co., Ltd., was fined 1 million yuan (about $140,400).
    Lawmakers, political advisors and relatives of the victims and defendants attended the sentencing.

    MIL OSI China News

  • MIL-OSI Russia: The government will finance the implementation of priority investment projects in the Far East and support transportation along the Northern Sea Route

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Order dated October 17, 2024 No. 2883-r

    Document

    Order dated October 17, 2024 No. 2883-r

    More than 14.3 billion rubles will be allocated for the implementation of priority investment projects in the Far Eastern Federal District, as well as for subsidizing transportation along the Northern Sea Route. The order to this effect was signed by Prime Minister Mikhail Mishustin.

    Of the total amount, over 14 billion rubles will go towards launching priority projects, including the implementation of master plans for Far Eastern cities, including Ulan-Ude, Vladivostok, Khabarovsk, Birobidzhan, Magadan, and Svobodny.

    Announcing this decision atGovernment meeting on October 17, Mikhail Mishustin noted that the Government, on the instructions of the President, continues to rapidly develop social and industrial infrastructure in the Far East and the Arctic, create new points of economic growth, and improve the quality of life of people.

    In addition, federal funds will be used to subsidize regular transportation along the Northern Sea Route. 300 million rubles will be allocated for these purposes. They will be sent to shipping companies to compensate for lost income due to preferential tariffs, as well as expenses related to ship calls at ports.

    The work is being carried out within the framework of the federal projects “New Opportunities for the Far East” and “Development of the Northern Sea Route”.

    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://government.ru/nevs/53029/

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Minister for Development speech at Chatham House

    Source: United Kingdom – Executive Government & Departments

    UK Minister for Development outlines a new “modern approach to development” in first major speech at Chatham House today

    It is an immense honour and privilege to be here today for the first time as Minister for Development and for Women and Equalities.

    Chatham House of course has a long history of being at the cutting edge of foreign policy and development thinking. It is the perfect place to share my vision for a modern approach to international development. I am delighted to see so many of you here, including so many of our partners – from Gates, to Gavi, to the Global Fund.

    I am proud to be able to say to you all – Britain is back on the world stage, with a minister at the top table, advocating for projects and assistance to advance that goal just mentioned of a world free from poverty on a liveable planet.

    [political content redacted]

    Today is the ‘International Day for the Eradication of Poverty’. Between the late 1990s and the early2020s, the world did make headway in lifting hundreds of millions of people out of poverty. Lives saved and lives changed.

    Many of these gains can never be undone. But as was mentioned the geopolitical challenges now are stark – and progress against the Sustainable Development Goals is stalling.

    We do live in a multipolar world with intense competition. We need to adapt and respond to to that world. The world is different – first – because over the last four years, the number of people in humanitarian need has doubled. A vicious cycle of an unprecedented profusion of conflicts and the climate crisis, which is now compounding the suffering of some of the most vulnerable people in the world. And many women, girls, and marginalised people are experiencing a devastating roll-back of hard-won rights, services, and democratic freedoms.

    I saw this first-hand during my recent trip to South Sudan. In the horrendous conditions of the camp in Bentiu for internally displaced people, I heard heart-breaking accounts from those who were forced to flee the brutal civil war in Sudan, as well as meeting people suffering from South Sudan’s own humanitarian emergency, caused by the legacy of civil war and the climate crisis.

    The conflict in Sudan has now forced more people from their homes than any other conflict – some ten million people. It has pushed nearly nine million people into emergency or famine levels of food insecurity, and as I raised at the UN last month – there is a real risk that without global action to prevent it, the worst famine in several generations could happen on the world’s watch.

    Around the globe, millions of people, who long to return home are beginning to despair that they ever will – including the Syrian refugees I met in Jordan, still there over a decade after they fled the conflict, and so many communities enduring such suffering – from the DRC, to Yemen, Ukraine, and Myanmar, to Gaza and the wider Middle East.

    In all this, political efforts have been vital to get aid in – including our reinstatement of £21m of UK funding to UNRWA, as the only Agency able to deliver at scale in Gaza, and the further £10-million of wider humanitarian support for Lebanon we announced earlier this month.

    By the end of this decade, unless more action is taken, some two-thirds of those living in extreme poverty will be living in fragile and conflict-affected states. At the same time courageous humanitarian aid workers on the front lines of getting help to them around the globe are under attack.

    We have a moral imperative to help turn things around. People everywhere – including the British people – understand instinctively that this is the right thing to do, Compassion, fairness, and refusing to look the other way when someone is in need are all British values. And action is in all our interests as well.

    The new government’s commitment to tackle irregular migration at source is important for those who would otherwise be forced to leave their homes, and important for people in the UK too. That is why, during the European Political Community meeting, the Prime Minister announced up to £84 million for projects across Africa and the Middle East – to address the factors that end up pushing people into small boats.

    The world is also changing because we see new leadership from the likes of President Lula of Brazil, and Prime Minister Mia Mottley of Barbados, on everything from reforming the global financial system, to tackling hunger and poverty around the world – through the emerging G20 Global Alliance for which I was so proud to announce UK support in Brazil.

    I have seen leadership among the women forest rangers who I met in Sulawesi in September. Visiting them gave me an inspiring reminder of the difference we can make to our planet and to peoples’ lives, when we work together as genuine partners – where action to preserve forests also promotes sustainable livelihoods, and where economic development goes hand in hand with combatting climate disaster.

    Today’s world is very different. But as our Foreign Secretary set out, our progressive, realistic approach draws on the same spirit that Ernest Bevin and Robin Cook animated and energised. For our country to once again lead on development, we will need a new, modern approach, based on genuine partnership, trust, and respect.

    It will mean recognising that for our partners, tackling the climate and nature crises is not separate from promoting economic growth and meeting humanitarian need, but intrinsic to both. And it will mean making good on our word, not leaving our partners high and dry and making the most of British talent and expertise to improve peoples’ lives, now and in the future.

    [political content redacted]

    We have to turn the page, if we are genuinely to work in partnership again. Consider that asylum costs, which have spiralled in recent years, at present account for almost 30% of our development spending while the backlog has soared, with people waiting years to receive a decision – which the Home Secretary is now taking action to rectify.

    Consider too that so much of our country’s current international climate finance commitment was backloaded into these final two years – but we are now committed to make good on the promise that the UK will get help to those who need it.

    [political content redacted]

    While we do not underestimate the significance or the complexity of these challenges in the shorter term. Neither should we underestimate our ability to respond under pressure in the long term. The UK has been ambitious on international development before. I am determined it will be again. Of course, that starts with boosting the effectiveness of our efforts.

    I want to thank everyone from the sector who fed into the White Paper, and the civil servants who worked so hard – and I want to reassure you that I value it, as a diagnosis of the problems we face and how UK development can help meet them.

    But I must be clear that we must now prioritise, and provide the strategy and the plan that has been lacking – and that is what I am now building. A core element of this is increasing our capability and capacity.

    The Development Review, led by Baroness Minouche Shafik, is about building on the breadth and depth of development experience, expertise, and innovation represented here today. In addition, we will work closely with the Independent Commission for Aid Impact – making sure our official development assistance reaches those who need it most, and where and when it is most effective.

    [political content redacted]

    Yet we must go further still if we are to shift our approach, quite determinedly – so it is truly modern. First and foremost – that means genuine partnership. Britain is back. Back in business. Back on the world stage.

    And back pursuing our mission of a world free from poverty, on a liveable planet. And my message is that we will work with others, in good faith, to build genuine partnership, underpinned by our respect for other governments, organisations, communities, and individuals.

    That means building shared plans for the future – not imposing our own, and – to quote the Prime Minister – listening a lot more, speaking a bit less.

    This is exactly the approach the Foreign Secretary is taking – as he recently set out so movingly in his speech at Kew Gardens, to friends from across the Commonwealth, and at the United Nations in New York.

    Currently, we are seeing those nations which were unable to industrialise bearing the brunt of the climate crisis – with a terrible cycle of floods, droughts, and hurricanes. Because climate and development are interlinked and interdependent, we will put tackling the climate and nature crisis at the heart of everything we do. Domestically, this government has an ambitious climate policy.

    The drive for cheaper, cleaner power, being led by Ed Miliband, will not only bring down bills here, help us achieve energy security, and meet our goals to decarbonise – it also gives us credibility and expertise abroad, as we lead the response to the climate and nature crisis both bilaterally and through multilateral organisations.

    Secondly – we will champion reform for a global, multilateral system that includes everyone, works for everyone, and is fit for the future.

    [political content redacted]

    That means not just listening to our partners, as a priority – but making sure we take action together. When it comes to the humanitarian and development system that is so stretched, we look forward to seeing Tom Fletcher making the most of his new role as UN Relief Chief, and to working with our partners to take a less siloed, more joined up approach – across everything from climate, to the needs of women and girls, to humanitarian relief.

    And when it comes to finance, time and again, we have heard from small islands and other vulnerable states, how difficult it is to access what they need to pursue their ambitions and priorities, escape the trap of unsustainable debt, and get on a sustainable footing.

    That is why, in his speech to the UN General Assembly, the Prime Minister set out the case for accelerating reform of the multilateral development banks, including shouldering more risk so they can unlock hundreds of billions of dollars so they can do more to unlock hundreds of billions of dollars and do more to build a more sustainable economy and help the poorest.

    Next week I will go to the World Bank Annual Meetings in Washington so they to press them to shoulder more risk so they can unlock the money that is so desperately needed. We will work with our partners – including fragile and climate vulnerable states to help them access more, better-quality, well-targeted, multiannual finance, including for adaptation, through a global financial system that is reformed and ready for the future, and through wider global forums where they have greater representation in the bodies that help shape our shared future – including the International Monetary Fund and the World Bank.

    We will champion financial innovation – from the insurance and guarantees our partners are seeking, to the Climate Resilient Debt Clauses promoted by the UK, that we are calling on all creditors to offer in their current and future lending.

    Both within government and working with the financial services industry, we will make sure there is more to come – including helping countries tackle the barriers to investment that choke off the flow of private finance.

    On so many fronts, from trade to taxation – globally, momentum is now building for the sort of change we need to see, and we are committed to making the most of every opportunity to urge it ahead.

    That is why at the UN, the Prime Minister called on all donors to make the most of the International Development Association replenishment, as a critical milestone in the fight against poverty.

    It can be bigger, better, and help more people, especially those in fragile states and conflict zones. So, on that basis, under this new government, the UK will be ambitious too – increasing our pledge, and encouraging others to play their part. And as the Prime Minister highlighted at the UN in recent weeks, there are measures that we can crack on with right now, to unlock further resources for sustainability, resilience, and renewal – like a new levy on global shipping that takes account of the true cost of emissions, and puts the proceeds cutting them even further, and helping communities cope with their impacts.

    Third – we will make sure the UK’s expertise and ideas are at the heart of reliable development partnerships. When we work together across development and diplomacy, we maximise our impact – in everything from helping countries harness the opportunities of renewable energy, to reversing the vicious cycle of conflict, to empowering women and girls. This government will be proactive about all that the UK has to offer the world. Our country is brimming with talent and brilliance.

    We are home to research and innovation on everything from nutritious and resilient crops, to new medicines and vaccines, cleaner mining, and emerging technologies. We have world-class universities, finance institutions, and expertise in leveraging private capital into low-income emerging countries – including through BII.

    Both within government and in the City of London, we will make sure there is more to come, Including helping countries tackle the barriers that choke off the flow of private finance.

    We also of course harbour top-tier businesses ready to share their insights and innovation with peers around the world. And we harbour dedicated volunteers in everything from health to education, to search and rescue, to the protection of nature – and so much more.

    We are determined to put this talent and commitment to work, making sure we can connect British expertise and British solutions with international partners, in the spirit of collaboration and partnership.

    And as the Member of Parliament representing a large part of Oxford, a city full of people who have dedicated their entire working lives to serving others in need, this is personal priority for me.

    Fourthly – in doing all of this, the new government will be confident in publicly championing the power of international development – so we all feel the benefits of working together to make headway.

    At a time when the Prime Minister and Chancellor have set us all a challenge to grow our economy and bring opportunity to people across our country, we know our partners around the world share these goals for their countries and their people as well – from clean energy, to protecting and restoring nature – land and sea – and from trade, to tackling illicit finance.

    So that means no more apologising for making progress where we can, and more recognition that putting our best foot forward, in all we do at home and around the world, is in everyone’s best interests.

    Finally – I want to emphasise how much I look forward to working with all of you in the months and years ahead. In the last fourteen weeks, I have seen what development can achieve. From promoting green growth in Indonesia to helping keeping Syrian girls in school in Jordan, to promoting a literal life-line in South Sudan.

    I have seen how the UK can promote modern partnerships – at big global meetings from Rio to New York to Hamburg. And time and again, I have been reminded that as Mandela said, our human compassion binds us to one another, not in pity or paternalism, but in pursuit of our common purpose – of relieving suffering, and reinvigorating hope for our shared future by working towards it together.

    Mandela also said that together, as you all know, we could make poverty history. Well, much has changed since that time, twenty years ago, under a Labour government – for good and for bad.

    But it remains the case that the only way we can tackle shared challenges – from getting help to those in need, to preventing global health crises –i s by working towards it together.

    That is the only way we can make the most of shared opportunities – from reforming the global financial system, to healing the natural world. And that is the only way we can make good on the promises we have made at home as well – from the first duty of government to keep our nation safe, to our mission to grow our economy, so we bring opportunity to all.

    Sadly, there are forces hell-bent on setting the Global North in opposition to the Global South. Yet partnership is part and parcel of how we overcome them, and make sure that those of us who care about our shared future are able to work towards it together – ministers and civil servants, everyone here today, medics, firefighters, teachers volunteering their services, brave journalists, and people up and down our country – including our proud diasporas doing so much for our communities here and their families overseas.

    The British people understand this deeply, and it is extraordinary that even in such challenging times, people find a way to help – I have no doubt that the compassion of the British people will shine through once again now.

    Today, I am delighted to announce that the government will match public donations to a new Disaster Emergency Committee appeal, to help charities do more to get life-saving help to civilians caught up in the conflict in the Middle East, across Gaza, Lebanon and the West Bank, people who find themselves in desperate need of humanitarian relief. This support builds on the humanitarian aid this government has announced for Gaza, Lebanon, and Syria, since July. We will match public donations to the new appeal up to £10 million – and together, we will make a difference.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI NGOs: Time for $5: Over 200,000 people support MSF’s call for Danaher to make medical tests more affordable News Oct 17, 2024

    Source: Doctors Without Borders –

    To make sure everyone has adequate access to testing and save more lives, Danaher, the company that owns Cepheid and its GeneXpert tests, must drop the price to $5 for all GeneXpert medical tests sold in low- and middle-income countries. The petition has been signed by 206,937 people from 194 countries. 

    Testing is essential as it’s the first step to diagnosing someone who is sick, getting them on the treatment they need, and preventing further spread of infectious diseases—especially in the places MSF works where health care services are often limited for those who fall ill. Danaher’s GeneXpert medical test is critical for diagnosing diseases at the “point of care,” meaning close to where people live and are seeking medical care. Access to “point of care” testing is critical since laboratories are often scarce in lower-resource settings. The GeneXpert tests are used to diagnose people with diseases like drug-resistant tuberculosis (TB), HIV, hepatitis, sexually transmitted infections, and Ebola.

    “Danaher and Cepheid, it’s time for you to listen to the more than 200,000 people around the world demanding immediate access to affordable lifesaving medical tests for people in low- and middle-income countries,” said Mihir Mankad, director of global health advocacy and policy at MSF USA. “Our research shows that Danaher and Cepheid could charge $5 per test and still make a reasonable profit, so it’s inexcusable that they are still charging more than triple that price in even the poorest countries for most of the tests they produce.”

    More timely diagnosis means more lives saved

    MSF published research in 2019 estimating that each GeneXpert test produced by Cepheid could be sold at a profit for $5 at the sales volumes that Cepheid and Danaher reached long ago. In response to pressure mounted by the Time for $5 coalition and TB activists in September 2023, Danaher announced it would lower the price of the primary test used to diagnose TB from $10 to $8, which was an important first step. According to The Global Fund to Fight AIDS, Tuberculosis and Malaria, this price reduction is expected to result in annual savings of $32 million, enabling the purchase of an additional 3.6 million tests every year. This means that many more people with TB will receive timely diagnosis and treatment, and ultimately more lives will be saved.

    However, Cepheid and Danaher intend to continue to charge between $15 and $20 for the same type of test used to diagnose extensively drug-resistant TB ($15), HIV ($15), hepatitis ($15), STIs ($16-$19) and Ebola ($20). These prices are 200 percent to 400 percent higher than the $5 it’s estimated to cost Cepheid and Danaher to make one test and still be able to sell it at a profit. This is especially egregious considering that Danaher and Cepheid benefitted from $252 million in public funding to help develop the product. MSF purchases more than $2 million worth of GeneXpert tests each year for use in its medical programs in approximately 70 countries.

    People cannot wait any longer

    In September 2023, Danaher committed to an annual third-party assessment of what it costs them to make GeneXpert tests—an important opportunity to demonstrate it was not heavily marking up its prices. However, over one year has passed since that promise, and no information has been made available by the corporation about how the audit will be conducted and who will be allowed to see the results.

    “It’s been over a year since Danaher committed to coming clean about what it costs them to make the GeneXpert tests, but all we have so far is deafening silence from the corporation,” said Stijn Deborggraeve, diagnostics advisor for the MSF Access Campaign. “This silence comes even after we published recommendations for how Danaher can ensure the audit is rigorous and transparent. And now, the people who need these tests around the world cannot wait any longer: Danaher must immediately make public the information about its planned audit and ensure affordable access to lifesaving tests.”

    MSF has sent an open letter asking Danaher and Cepheid to respond to the demands and concerns raised in the petition by October 25. 

    MIL OSI NGO

  • MIL-OSI Russia: We Can Do Better

    Source: IMF – News in Russian

    October 17, 2024

    Thank you, Andrea, for your kind words. And thanks to all of you for coming.

    Five years ago in this hall I delivered my first curtain-raiser as head of the IMF.

    At that time my main concern was a synchronized slowdown in global growth. Only months later it paled in comparison with the sudden shock of the pandemic, followed by other dramatic events—the tragic wars in Ukraine and the Middle East, the cost-of-living crisis, and a further fracturing of the global economy.

    Next week, the world’s finance ministers and central bank governors will converge here to reflect on where we are, where we are headed, and what to do about it. Let me offer you a preview of what this conversation will look like.

    First, we will cherish the good news—and rightly so, because we haven’t had much of it lately. The big global inflation wave is in retreat. A combination of resolute monetary policy action, easing supply chain constraints, and moderating food and energy prices is guiding us back in the direction of price stability.

    And this has been done without tipping the global economy into recession and large-scale job losses—something we saw during the pandemic and after past inflation episodes, and which many feared we would see again. Both the US and euro area labor markets, to take two examples, are cooling in an orderly manner.

    This is a big achievement.

    Where did this resilience come from? Answer: from strong policy and institutional foundations built over time, and from international policy cooperation as countries learned to act fast and act together. We are benefiting from central bank independence in advanced economies and many emerging markets; years of prudential reforms in banking; progress made in building fiscal institutions; and capacity development worldwide.

    But, despite the good news, don’t expect any victory parties next week—for at least three reasons:

    • For one thing, inflation rates may be falling, but the higher price level that we feel in our wallets is here to stay. Families are hurting, people are angry. Advanced economies saw inflation rates at once-in-a-generation highs. So too did many emerging market economies. But look how bad the situation was for the low-income countries. At the country level and at the level of individuals, inflation always hits the poor the hardest.
    • Even worse, we are in a difficult geopolitical environment. We are all very worried about the expanding conflict in the Middle East and its potential to destabilize regional economies and global oil and gas markets. Its humanitarian impact, alongside the prolonged wars in Ukraine and elsewhere, is heartbreaking.
    • And on top of it all, this is happening at a time when our forecasts point to an unforgiving combination of low growth andhigh debt—a difficult future.

    Let’s take a closer look: medium-term growth is forecast to be lackluster—not sharply lower than pre-pandemic, but far from good enough. Not enough to eradicate world poverty. Nor to create the number of jobs we require. Nor to generate the tax revenues that governments need to service heavy debt loads while attending to vast investment needs, including the green transition.

    The picture is made more troubling by high and rising public debt—way higher than before the pandemic, even after the brief but significant fall in debt-to-GDP as inflation lifted nominal GDP. And do please notice the shaded area in the chart—what it shows is that, in a severe but plausible adverse scenario, debt could climb some 20 percentage points of GDP above our baseline.

    What does this mean for “fiscal space”? To answer this, let’s look at the share of government revenue consumed by interest payments. This is where high debt, high interest rates, and low growth come together—because it is growth that generates the revenues governments need to function and invest. As debt increases, fiscal space contracts disproportionately more in low-income countries—not all debt burdens are made the same.

    And fiscal space keeps shrinking. Just look at the frightening evolution of the interest-to-revenue ratio over time. We can immediately see how the tough spending choices have become tougher with higher debt payments. Schools or climate? Digital connectivity or roads and bridges? That is what it comes down to.

    To make matters worse, we live in deeply troubled times. The peace dividend from the end of the Cold War is increasingly at risk. In a world of more wars and more insecurity, defense expenditures may well keep rising while aid budgets fall further behind the growing needs of developing countries.

    Not only is development assistance too small, but major players, driven by national security concerns, are increasingly resorting to industrial policy and protectionism, creating one trade restriction after another. Going forward, trade will not be the same engine of growth as before. It is the fracturing I warned of back in 2019—but worse. It is like pouring cold water on an already-lukewarm world economy.

    My message today: we can do better.

    As Ajay Banga, President of the World Bank and my dear colleague from across the street, likes to say: forecasts are not destiny. There is plenty we can and must do to lift our growth potential, reduce debt, and build a more resilient world economy.

    Let me start with the domestic agenda. Governments must work to reduce debt and rebuild buffers for the next shock—which will surely come, and maybe sooner than we expect. Budgets need to be consolidated—credibly, yet gradually in most countries. This will involve difficult choices on how to raise revenues and make spending more efficient, while also making sure that policy actions are well-explained to earn the trust of the people.

    Here is the problem though: fiscal restraint is never popular. And, as a new paper by IMF staff shows, it’s only getting harder. Across a wide sample of countries, political discourse increasingly favors fiscal expansion. Even the traditionally fiscally conservative political parties are developing a taste for borrow-to-spend. Fiscal reforms are not easy, but they are necessary and they can enhance inclusion and opportunity. Countries have shown that it can be done.

    Ultimately, over the medium term, growth is key—to deliver jobs, tax revenues, fiscal space, and debt sustainability. Everywhere I go, I hear the same: an aspiration for higher growth and better opportunities. The question is: how?

    Answer: focus on reforms—there is no time to waste:

    • First area of reforms: make job markets work for people. We confront a world of deeply uneven demography: surging young populations in some places, aging societies elsewhere. Economic migration can help, but only up to a point given the anxieties in many countries. So too can supportive steps to help get more women into the workforce. Above all, there is a need for reforms to enhance skill sets and match the right people to the right jobs.
    • Second area: mobilize capital. There is an abundance of it globally, but often not in the right places or right types of investments—just think of all the money from all corners of the globe poured into liquid but less-productive assets in a few major financial centers. Putting savings to work for maximum economic benefit requires policymakers to focus on eliminating barriers such as weak investment environments and shallow capital markets. Financial sector oversight must not only ensure stability and resilience, but also encourage prudent risk-taking and value creation.
    • Third area: enhance productivity. This is what yields more output per unit of input, and there are many ways to raise it, from improving governance and institutions to cutting red tape to harnessing the power of AI. More and better spending on education and R&D help. Among advanced economies, those that lead on innovation show what works: venture capital industries, ecosystems that bring not only financing but knowledge, advice, and professional networks—screening new ideas, identifying winners, feeding them from birth to graduation. There are many lessons for others to learn.

    Globally, the pace of reforms has been slowing since the global financial crisis as discontent has risen.

    But progress is possible. A new IMF study shows that resistance to reforms is often driven by beliefs and misperceptions about the reforms themselves as well as the distributional effects. Reforms are best developed through two-way dialogue with the public, with measures to mitigate the impact on those who risk losing out. We have learnt how much this matters.

    As policymakers pursue reforms at home, they must also look outward.

    There is much that countries can do together as members of an integrated economic community, each benefitting from its own comparative advantage.

    The forces of technology, trade, and capital mobility have delivered a hugely valuable degree of interconnectedness.

    Yet still, we live in a mistrustful, fragmented world where national security has risen to the top of the list of concerns for many countries. This has happened before—but never in a time of such high economic co-dependence.

    My argument is that we must not allow this reality to become an excuse to do nothing to prevent a further fracturing of the global economy. Quite the opposite. My appeal during these Annual Meetings will be: let us work together, in an enlightened way, to lift our collective prospects.

    Let us not take the global tensions as given, but rather resolve to work to lower the geopolitical temperature and attend to the tasks that can only be tackled together:

    • Exhibit one: trade, which has lowered prices, improved quality, and created jobs. Thus far, trade has shown remarkable resilience in the face of new barriers, often flowing around them via third countries. But such redirection is not efficient, nor can we assume it will continue indefinitely. Countries would do well to recognize that the rules-based global trading system delivered many benefits and is worth preserving.
    • Two: climate, where we face an existential challenge, with countries that contributed the least to global emissions now first to suffer. Unexpectedly fast global warming should be ringing alarm bells. The glaciers are melting, the icecaps crumbling. Adverse weather events have telegraphed a frightening message from the future. We know what we must do: create fiscal space for the green transition, eliminate fossil-fuel subsidies, and get capital to where it is most needed. But we must do it!
    • Three: artificial intelligence, our single best shot at higher productivity. IMF research finds that AI, if managed well, has the potential to lift world growth by up to 0.8 percentage points—with that alone, we would go to a higher growth path than in the years before the pandemic. Yet AI is urgently in need of regulatory and ethical codes that are fundamentally global. Why? Because AI is borderless—it is already on smartphones everywhere. We better hurry. This technology will not wait!

    In all these areas and many more, the bottom line is that countries need to relearn how to work together. And institutions like the IMF—born from the basic idea that pooling resources together is efficient—play a vital role.

    In my first term as Managing Director—an unprecedented crisis period—we acted decisively to help our membership. We provided one trillion dollars’ worth of liquidity, and we delivered critical economic analysis and advice that helped policymakers synchronize their actions.

    Now, in the first days of my second term we have delivered again.

    Our Executive Board, in full consensus, has just approved important reforms that reinforce our strong financial position and directly benefit our membership. We are reducing charges and surcharges on our regular lending, and putting in place a comprehensive package that secures our concessional lending capacity to support low-income countries.

    And on November 1 our Board will welcome a third Director for Sub-Saharan Africa, ensuring more voice for what has been an underrepresented region.

    Combined with the fifty percent quota increase agreed at our last Annual Meetings, these actions give us the strength to continue to deliver high value-added to a membership that engages not out of charity but self-interest.

    It is the value we bring to our members that has resulted in our membership growing—and on that note, a very warm welcome to the Principality of Liechtenstein as it joins us as our 191st member!

    From our founding at Bretton Woods in the dark days of 1944 to today, the IMF has established a tradition of adapting to the changing world around it. Today, I give you my word: this will continue. We will stand with our members, always looking for the most impactful ways to serve.

    By the time I complete my second term at the helm of the IMF, I will have led it for most of this decade. And if I were granted one wish, it would simply be this: let not this decade be remembered as one where we allowed conflict to get in the way of existential tasks, storing up vast costs and potential calamity for those to follow. Let it be remembered as a time when we rose above our differences for the good of all.

    For our mutual prosperity—and ultimately for our survival—I say we can do better: let there be peace on earth and a revival of cooperation.

    Thank you!

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/17/sp101724-annual-meetings-2024-curtain-raiser

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Video: Vuk Talks Season 2 Episode 23 Kutlwano Moloi

    Source: Republic of South Africa (video statements-2)

    Kutlwano Christian-Tripp Moloi Is A 21-year-old Transformational Youth Leader and Development Agent. A South African Published & Gold-status Author with Over 90 000 Total Reads Globally – Ea ing Him an Impressive Achievement Of 9x Gold Trophies on Booksie Publications. A Multi Award-winning Creative, Recognised Business Leader at The Founder of The Year (FOYA) Awards, The Top 16 Youth-Owned Brands & Forty Under 40 South Africa. Kutlwano Is an Influential Thought Leader & Strategic Manager with Over 6 Years of Experience in Effectively Leading, Managing, And Developing Teams (including Remotely) To Achieve Desired Results for Projects, Departments, And Campaigns. An Entrepreneur and Skilled Critical Thinker. Keynote Speaker and High-Performance Coach. Moloi Is a Passionate Fitness/wellness Practitioner with A Strong Drive for Continuous Community and People Development – Especially in Local Townships. He`s Currently Leading Project These Amazing Projects: – Youth Empowerment Tour a Public Speaking Campaign That Aims to Eradicate Youth Unemployment and Foster a New Culture of Job Creation, Ownership, Wealth Creation, And the Elimination of Poverty by Empowering the Youth and Class Of 2023 with Practical Tools On Self-development And Entrepreneurship Training To Stimulate Economic Development. The Project Has Empowered Over 12 100 Students In South Africa. – Youth Fitness Movement A Community Initiative Designed to Help Young People in Local Townships Stay Fit and Healthy. The Project aims To Decrease the Levels of Substance Abuse and Addiction among the Youth. The Movement Has Impacted Over 150 Young People in Ghetto Townships. He Is the Author Of “Water Your Soul” (2022) and the Founder and CEO Of “Moloi Business Leadership Firm”.

    https://www.youtube.com/watch?v=1uDHMca6cak

    MIL OSI Video

  • MIL-OSI Global: Madagascar’s mysterious Teniky rock architecture: study suggests a link to ancient Persia

    Source: The Conversation – Africa – By Guido Schreurs, Professor in Geology, University of Bern

    In the heart of Isalo National Park in central-southern Madagascar, at least 200km from the sea in any direction, is a remote valley with a mysterious past. This place, Teniky, can only be reached on foot, by hiking through a mountainous region dissected by steep canyons.

    Part of the Teniky site has been known for well over 100 years, as we know from names and dates scratched on the rocks there. Various visitors in the 1950s and 1960s with an interest in archaeology described an amphitheatre-shaped location with man-made terraces, a rock shelter with neatly constructed sandstone walls, a chamber cut into the rock with pillars and benches, and a large number of niches cut in the steep cliffs. Recesses are still visible around some of the niches, suggesting that they could be closed off by a wooden or stone slab.

    Among the suggested interpretations were that these structures had been made by shipwrecked Portuguese sailors, or Arabs, or even Phoenicians.

    No similar rock-cut architecture is known anywhere else in Madagascar or on the east African coast, 400km away.

    And until recently, no detailed archaeological studies had ever been carried out at Teniky.

    Madagascar’s past is still the subject of considerable debate. Situated in the south-western Indian Ocean, it is one of the last big islands to have been settled by humans. Genetic studies have identified the people of Madagascar as having come mainly from Africa and from Southeast Asia. Archaeology suggests that the first settlers arrived about 1,500 to 1,000 years ago. The earliest settlements studied have been located along the coast, close to river estuaries.

    Our archaeological study of Teniky, however, points to a new possibility: a former Persian presence in southern Madagascar about 1,000 years ago.

    What we found at Teniky

    Our study of high-resolution satellite images revealed the Teniky site was much larger than previously known. It showed there were more terraces and stone walls on a hill 2km to the west. This led us to take a closer look, hoping to get a better sense of who had lived there and when.

    During field prospecting on this hill we discovered niches, cut in the walls of a rock shelter, that had not been described before.

    Excavations at this rock shelter revealed more archaeological structures, including carved sandstone walls and a large stone basin.

    Radiocarbon dating of charcoal samples from the site dated to the late 10th to mid-12th centuries AD. Pieces of ceramic items of southeast Asian and Chinese origin found there have been dated by a specialist to the 11th to 14th centuries AD.

    We also found sandstone quarries from which the stones used to build the walls at the rock shelters were extracted. And we found more stone basins on terraces.

    The terraces cover a total area of about 30 hectares, indicating that Teniky must have been a fair-sized settlement. Water is available all year round in the valley below, where people might have been able to plant crops, fish for eels or even keep cattle.

    Considering the dimensions, location and character of the rock-cut structures at Teniky, we think the niches and chambers served a ritual purpose.

    Who were the people who lived at Teniky?

    There is no other archaeological site like Teniky in Madagascar. So, the question arises as to what group of people settled there, far inland, and carved the niches and chambers in the cliff walls about 1,000 years ago. The presence of imported ceramics indicates that they took part in the Indian Ocean trade networks at the time but doesn’t tell us where they came from.

    We think the answer may lie in the style of the rock-cut niches.

    Rock architecture at Teniky, Madagascar. Courtesy Guido Schreurs.

    They are similar to rock niches of the first millennium or earlier in Iran (formerly Persia). Archaeologists have interpreted those as belonging to Zoroastrian communities, which used them as part of their funeral rites.

    Zoroastrianism was the dominant state religion of the Persian Sasanian Empire (224-656 AD). After the conquest of the Sasanian Empire by the Arabs in the mid-seventh century AD, Islam was imposed.

    Zoroastrian funeral rites do not allow direct burial in the ground, so as not to pollute the earth. Instead, dead bodies are left in places of exposure not touching the ground. Once the flesh has decomposed or been removed by animals, the bone remains are dried and placed in bone receptacles (ossuaries).

    We tentatively interpret the rock-cut architecture at Teniky as having been made by a community with Zoroastrian origins.

    The larger rock-cut niches might have been the places where the bodies of the dead were exposed, and the smaller niches with recesses might have served as ossuaries, closed off by a slab to protect the bones from the rain and thus to prevent them from polluting the earth.

    The stone basins at Teniky show stylistic similarities with those used in Zoroastrian ritual ceremonies to hold water or fire, both agents of ritual purity.

    Zoroastrians abroad

    There are few accounts of Madagascar written at the turn of the first and second millennia AD. Buzurg Ibn Shahriyar, a tenth-century Persian sailor and writer, collected stories from sailors in port towns on the Persian Gulf which suggest that Persian contacts with Madagascar may have existed then. The name Madagascar did not exist at that time but names like “Wak-wak” or “Qumr”/“Komr” may have referred to the island.




    Read more:
    Madagascar cave art hints at ancient connections between Africa and Asia


    Historical documents, archaeological excavations and genetic studies indicate that Zoroastrians left Iran and settled in western India in the late eighth century AD.

    Did they settle on the island of Madagascar too? If the rock-cut architecture and associated stone basins at Teniky are the work of a community with Zoroastrian origins, this would strongly point to a former Persian presence in southern Madagascar about 1,000 years ago.

    Many questions remain. We hope future studies will answer some of them.

    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. Madagascar’s mysterious Teniky rock architecture: study suggests a link to ancient Persia – https://theconversation.com/madagascars-mysterious-teniky-rock-architecture-study-suggests-a-link-to-ancient-persia-240725

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Future of Great British Railways

    Source: United Kingdom – Executive Government & Departments 2

    Secretary of State for Transport outlines next steps for rail reform in Britain during the Derby rail skills event.

    Good morning everyone and let me start by thanking Derby City Council for organising this event.

    It’s wonderful to be back in Derby – the future home of Great British Railways (GBR).

    But in many ways, this has always been the industry’s home.

    A city of train building – 180 years and counting – from the Derby Works to Alstom today.

    A city of innovation – from the first steel rails to the iconic railway roundhouse.

    And a city of heritage – from railway cottages to the Brunswick Inn pub, which I’m glad to see is still going strong.

    But Derby has never rested on historic laurels.

    Instead, it has renewed and reformed. 

    That roundhouse is now Derby College, producing the engineers of tomorrow.

    The once rail technical centre is now part of Europe’s biggest rail cluster, with 11,000 jobs.

    And the works at Litchurch Lane, that once produced Victorian train carriages, now making trains for London’s Elizabeth Line.

    That’s why this event matters.

    Because today isn’t just about this city’s proud rail history, but about reinforcing Derby’s central role in shaping rail’s future.

    And about celebrating the brilliant businesses of all shapes and sizes that make up the rail industry.

    State of rail

    Derby’s zeal for renewal and reform is shared by this government.

    Because after years of dysfunction and decline – how our economy is managed, how public services are run, how government works, all must return to the service of working people, wherever they live.

    That is the work of national renewal the Prime Minister has promised.

    And it starts with our railways.

    On entering office, we were under no illusions as to the scale of the challenge.

    A railway mired in industrial action – costing the economy the equivalent of nearly £3 million pounds a day.

    And performance levels that were simply not good enough, with cancellations at a 10-year high.

    All visible problems, but with deep roots.

    Fragmentation, lack of accountability and conflicting interests.

    The very industry weaknesses Keith Williams identified years ago, still remain.

    The lack of political leadership on rail has left an industry more comfortable looking inwards, that fails to pull together when things go wrong, that has lost focus on improving each part of people’s experience with the railways – so passengers don’t get the journeys they deserve.

    We’ve seen this with delays to long promised upgrades to the East Coast Mainline, or the confusing array of fares and tickets passengers have to navigate. 

    And the great irony of privatisation is that the part of the industry that works best, that innovates and pushes boundaries – the dynamic supply chain – has been stifled. But these issues are systemic – not individual.

    Because when I speak to the supply chain and station staff, to engineers and signalers, they all want what’s best for the passenger.

    All are committed, enthusiastic and ready to work across organisational boundaries to deliver a better railway.

    But currently, they have neither the tools, incentives nor backing to do so.

    It’s why, as Passenger in Chief, when I said I would oversee the biggest overhaul of our railways in a generation, a big part of that will be a cultural reset.

    Where every part of the workforce feels empowered to challenge the orthodoxy of years past, supported by an entirely new and reformed organisation – Great British Railways.

    Where we value diverse skills, build new capabilities and forge high-quality careers that attract the next generation.

    And where everyone understands how they contribute to a railway unashamedly focused on delivering for passengers and taxpayers.

    It will not be British Rail Rebooted or Network Rail 2.0 – but we’ll usher in a new era for the railways where every part of the industry is motivated and incentivised to deliver for the passenger.

    That’s my personal mission.

    To join you in a determined effort to get our railways working again – for passengers, for its workforce and for communities across Britain.

    Because our railways are essential to getting Britain growing and moving again.

    Industrial action

    Within months, we’ve begun the essential work of change.

    We’ve ended the longest ever national strike on our railways.

    Gone are the political gimmicks of years past, which not only prolonged industrial action but caused misery for passengers and cost the railways £850 million pounds.

    Within days of taking office, I spoke to all rail unions and hit reset.

    I was clear that if talks were needed, we would sit round in good faith.

    If compromises could be made, we would all make them.

    And if a deal could be struck, we would fight for a fair agreement for workers, passengers and taxpayers.

    A new, grown-up, approach – which put passengers first and politics second. And clears the way for vital workforce reform, to modernise our railways and do away with outdated working practices.

    Public Ownership Bill

    I’ve also fired the starting gun on rail reform.

    The Public Ownership Bill has passed the Commons and now awaits committee stage scrutiny in the Lords.

    It calls time on a broken model, one that repeatedly failed passengers and one that cost tens of millions of pounds in fees each year.

    It allows us to bring passenger services into public hands as contracts expire over the next 3 years.

    But I know passengers won’t wait that long for things to improve.

    They rightly deserve better than the status quo.

    So we will continue building capacity and expertise in the public sector, as it takes on additional services.

    And in the meantime, I won’t hesitate to take decisive action if operators don’t meet their obligations.

    It’s a message I’ve already delivered loud and clear to the Managing Directors of Avanti West Coast and Cross Country. And indeed, we have set new and clear expectations to those train operating companies already in public ownership.

    Reform

    Now, public ownership and resolving national strikes are just stops on the journey to reform, not the terminus.

    The Railways Bill, which we will introduce later this parliamentary session, will get the industry back on track.

    We’ll establish Great British Railways – a directing mind running the railways as one system, with a relentless focus on passengers.

    We’ll stop the blame game, by unifying track and train.

    We’ll grip the finances, led by passenger need and taxpayer value.

    And we’ll grow freight, unlocking new green growth.

    Delivering GBR in full will be the work of years, not months. It is the biggest reform agenda of this government.

    But again, we cannot afford to wait.

    Shadow GBR

    So I’ve taken decisive action to bring the industry together under Shadow Great British Railways and its new Chair Laura Shoaf.

    Laura brings a wealth of experience.

    And I’ve asked her specifically to lay the foundations of culture change the industry needs.

    That, of course, means getting the basics right with performance, but it also means encouraging innovation at every opportunity.

    So, under her leadership, the heads of Network Rail, DOHL, and DfT’s rail services group – the people in charge of track and train – will work closer than ever before to set the tone of reform and deliver immediate improvements. 

    On performance: nowhere near good enough across the board, but not helped by the labyrinth of different contracts, measures and incentives at play.

    Different targets lead to competing priorities.

    And operational decisions that make sense in one part of the industry, can lead to worse outcomes overall – with passengers inevitably bearing the brunt.

    So, I will soon set out new performance measures, ensuring a more consistent and transparent approach.

    We’ll end the boom-and-bust approach to investment projects.

    Replacing it with a long term strategy for rolling stock – essential for the industry here in Derby.

    After years of government uncertainty and mixed messages, this will give the supply chain the certainty it needs to plan and invest.

    And finally, we’re reviewing fares and ticketing. Not just to unblock barriers to reform, but to urgently get passengers back on board with new exciting campaigns.

    That starts early next year, with a new ‘rail sale’ to coincide with the 200-year anniversary of the first passenger service.

    It will offer up to half price Advance and Off-peak fares – to get Britain moving, to connect our communities and to give back to passengers, who for too long have paid more and more for less and less.

    These first steps are important, as we start restoring some national pride to this industry and building the railway of tomorrow.

    Conclusion

    I began by talking about Derby, and it’s also a good place to end.

    We are standing in the biggest concentration of rail innovation and expertise in Europe.

    Around 600 rail companies, employing 45,000 people, have chosen to co-locate in the East Midlands.

    And it’s easy to see why.

    We have Derby University’s Rail Research Innovation Centre, Network Rail’s testing facility at Tuxford, Alstom’s world leading manufacturing facility and maintenance hubs for Sperry Rail and Railcare.

    All will soon be joined by GBR, providing the leadership this industry has sorely needed.

    Working in partnership – government and industry – to build a renewed and reformed railway, fit for the future, fit for Britain.

    A new era for our railways and a new era for Derby.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI: National Fuel Schedules Fourth Quarter Fiscal 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    WILLIAMSVILLE, N.Y. , Oct. 17, 2024 (GLOBE NEWSWIRE) — National Fuel Gas Company (NYSE: NFG) today announced it will release its fourth quarter fiscal 2024 earnings results on Wednesday, November 6, 2024 after market close.

    A conference call to discuss the results will be held on Thursday, November 7, 2024 beginning at 10:00 a.m. ET. Prepared remarks from the executive team are planned for approximately 20 minutes followed by a question and answer session.

    All participants must pre-register to join this conference using the Participant Registration link.

    A webcast link to the conference call will be provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com.

    A replay will be available following the call through the end of the day, Thursday, November 14, 2024. To access the replay, dial 1-866-813-9403 and provide Access Code 646147.

    For additional information, contact:

    Natalie Fischer, Director of Investor Relations (716) 857-7315
    Kathryn Nikisch-Hoffman, Equity Plan Administrator (716) 857-7340
    Karen Merkel, Media Contact (716) 857-7654

    Email: nfg_investor_relations@natfuel.com

    National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. Additional information about National Fuel is available at http://www.nationalfuel.com.

    The MIL Network

  • MIL-OSI USA: NASA’s SpaceX 31st Resupply Mission to Launch Experiments to Station

    Source: NASA

    [embedded content]

    NASA and its international partners are launching scientific investigations on SpaceX’s 31st commercial resupply services mission to the International Space Station including studies of solar wind, a radiation-tolerant moss, spacecraft materials, and cold welding in space. The company’s Dragon cargo spacecraft is scheduled to launch from NASA’s Kennedy Space Center in Florida.
    Read more about some of the research making the journey to the orbiting laboratory:

    The CODEX (COronal Diagnostic EXperiment) examines the solar wind, creating a globally comprehensive data set to help scientists validate theories for what heats the solar wind – which is a million degrees hotter than the Sun’s surface – and sends it streaming out at almost a million miles per hour.
    The investigation uses a coronagraph, an instrument that blocks out direct sunlight to reveal details in the outer atmosphere or corona. The instrument takes multiple daily measurements that determine the temperature and speed of electrons in the solar wind, along with the density information gathered by traditional coronagraphs. A diverse international team has been designing, building, and testing the instrument since 2019 at NASA’s Goddard Space Flight Center in Greenbelt, Maryland.
    Multiple missions have studied the solar wind, and CODEX could add important pieces to this complex puzzle. When the solar wind reaches Earth, it triggers auroras at the poles and can generate space weather storms that sometimes disrupt satellite and land-based communications and power grids on the ground. Understanding the source of the solar wind could help improve space-weather forecasts and response.

    A radiation tolerance experiment, ARTEMOSS, uses a live Antarctic moss, Ceratodon purpureus, to study how some plants better tolerate exposure to radiation and to examine the physical and genetic response of biological systems to the combination of cosmic radiation and microgravity. Little research has been done on how these two factors together affect plant physiology and performance, and results could help identify biological systems suitable for use in bioregenerative life support systems on future missions.
    Mosses grow on every continent on Earth and have the highest radiation tolerance of any plant. Their small size, low maintenance, ability to absorb water from the air, and tolerance of harsh conditions make them suitable for spaceflight. NASA chose the Antarctic moss because that continent receives high levels of radiation from the Sun.
    The investigation also could identify genes involved in plant adaptation to spaceflight, which might be engineered to create strains tolerant of deep-space conditions. Plants and other biological systems able to withstand the extreme conditions of space also could provide food and other necessities in harsh environments on Earth.

    The Euro Material Ageing investigation from ESA (European Space Agency) includes two experiments studying how certain materials age while exposed to space. The first experiment, developed by CNES (Centre National d’Etudes Spatiales), includes materials selected from 15 European entities through a competitive evaluation process that considered novelty, scientific merit, and value for the material science and technology communities. The second experiment looks at organic samples and their stability or degradation when exposed to ultraviolet radiation not filtered by Earth’s atmosphere. The exposed samples are recovered and returned to Earth.
    Predicting the behavior and lifespan of materials used in space can be difficult because facilities on the ground cannot simultaneously test for all aspects of the space environment. These limitations also apply to testing organic compounds and minerals that are relevant for studying comets, asteroids, the surface of Mars, and the atmospheres of planets and moons. Results could support better design for spacecraft and satellites, including improved thermal control, and the development of sensors for research and industrial applications.

    Nanolab Astrobeat investigates using cold welding to repair perforations in the outer shell or hull of a spacecraft from the inside. Less force is needed to fuse metallic materials in space than on Earth, and cold welding could be an effective way to repair spacecraft.
    Some micrometeoroids and space debris traveling at high velocities could perforate the outer surfaces of spacecraft, possibly jeopardizing mission success or crew safety. The ability to repair impact damage from inside a spacecraft may be more efficient and safer for crew members. Results also could improve applications of cold welding on Earth as well.
    The investigation also involves a collaboration with cellist Tina Guo with support from New York University Abu Dhabi to store musical compositions on the Astrobeat computer. Investigators planned to stream this “Music from Space” from the space station to the International Astronautical Congress in Milan and to Abu Dhabi after the launch.

    Download high-resolution photos and videos of the research mentioned in this article. 
    Melissa GaskillInternational Space Station Research Communications TeamJohnson Space Center

    MIL OSI USA News

  • MIL-OSI: Newest Micetro release unifies network infrastructure management with support for Cisco Meraki

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — BlueCat Networks, a leading provider of core services for network infrastructure management, automation, and security, announced the latest release of Micetro, its industry-recognized DNS, DHCP, and IP address management orchestration solution. This release offers organizations with Cisco Meraki deployments a powerful new way to manage and monitor DHCP within their SD-WAN environments.

    DNS, DHCP, and IP address management (collectively known as DDI) are the cornerstones of network modernization. Together, they ensure that users can access network resources and applications from anywhere and on any device–whether on premises or from any cloud.

    This release extends Micetro’s capabilities by seamlessly consuming and managing DHCP configurations from Meraki devices. This integration provides agnostic and centralized DHCP orchestration and visibility across the cloud, corporate networks, and remote offices enabled by SD-WAN. By orchestrating DHCP configurations from Meraki, organizations get improved visibility into their IP space. It also provides network teams with even more granular role-based access controls. This helps network teams deliver and scale Meraki DHCP across branch locations.

    “Micetro helps organizations improve transparency with a single source of truth, enhances security, and automates core network services, reducing network conflicts and outages,” said Scott Fulton, Chief Product and Technology Officer at BlueCat. “We’re seeking to expand our cloud-connected networking support across additional platforms and to support enterprises looking to reap the benefits of network modernization.”

    Micetro is available for deployment in any on premises, hybrid, or multicloud network environment. Its intuitive user interface and API make it easy for IT teams to manage and automate their network infrastructure operations. This release also features extended language support, a crucial function for global organizations with diverse linguistic needs.

    Visit our website to learn more about Micetro’s unified DDI orchestration.

    About BlueCat 

    BlueCat provides core services and solutions that help our customers, and their teams, deliver change-ready networks. With BlueCat, organizations can build reliable, secure, and agile mission-critical networks that can support network modernization initiatives such as cloud adoption, SD-WAN, SASE and automation of key network provisioning and administration tasks. BlueCat’s growing portfolio includes services and solutions for automated and unified DDI management, network security, multi-cloud management, network observability, performance management and health. BlueCat’s DDI management platform was recognized as a market leader and outperformer in GigaOm’s 2024 Radar reports. The company is headquartered in Toronto and New York and has additional offices in Germany, Iceland, Japan, Singapore, Serbia, and the United Kingdom. Learn more at bluecat.com. 

    The MIL Network

  • MIL-OSI: Emerging Markets in Africa and Asia Downloaded Bitget Wallet More Than Major Centralized Exchanges

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 17, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, the leading Web3 non-custodial wallet, has surpassed 40 million users, doubling its user base in just six months. The wallet also climbed to the second spot in global crypto app downloads for September, with nearly 6 million downloads in that month alone, closing in on Binance. This explosive growth is largely contributed by emerging markets, where Bitget Wallet’s user base has skyrocketed. Notably, Bitget Wallet’s user growth rate in Africa reached 413% and South Asia saw a 126% increase. These regions are turning to decentralized wallets as vital tools for financial independence and easy access to crypto services, often filling gaps left by centralized financial systems.

    In countries like Nigeria, where Bitget Wallet’s user growth rate hit 468% in Q3 2024, rising inflation and weakening currencies have led to increased adoption of decentralized wallets as secure, reliable financial tools. According to Bloomberg, the local naira currency has lost about 70% of its value since May 2023. As a result, people are seeking alternatives to preserve their wealth and participate in stable financial systems. Bitget Wallet serves this need, offering easy access to crypto assets and rewards with all-rounded trading and earning features, making it No. 1 on the App Store in Nigeria in June 2024.

    In Southeast Asia, Play-to-Earn (P2E) games once dominated the blockchain gaming landscape, attracting a young, tech-savvy audience. However, the trend has evolved towards Tap-to-Earn (T2E) games within Telegram ecosystem. T2E games are more accessible, requiring no separate app downloads or upfront NFT investments. Their simplicity, combined with Telegram’s referral system, has facilitated easy onboarding of new users, making Telegram a fertile ground for blockchain gaming.

    In Q3 2024, Bitget Wallet experienced a surge in user growth, particularly in the Philippines and Vietnam, with growth rates of 102% and 73%, respectively. This spike is attributed to the T2E trend, where users earn money by engaging with Telegram mini-games. The shift from P2E to T2E highlights a broader trend towards more integrated blockchain ecosystems, showcasing how gaming apps and social interactions are driving cryptocurrency adoption among younger generations.

    With its remarkable growth, Bitget Wallet aims to be the ultimate gateway for the next billion users to Web3, bringing together the best and latest opportunities in one seamless app. “We believe Web3 offers unprecedented potential for financial freedom, security through self-custody, and a more equitable future. Our mission is to make Web3 easy and accessible for everyone. We’re committed to bringing financial inclusion to regions where centralized financial systems fall short and giving people seamless tools to participate in a global decentralized economy,” said Alvin Kan, COO at Bitget Wallet.

    India’s crypto users are increasingly seeking decentralized financial tools amidst ongoing security concerns and regulatory uncertainty around centralized exchanges. Bitget Wallet has capitalized on this trend, recording 191% user growth in India during Q3 2024. The rise is attributed to its ability to cater to these needs by offering enhanced security features such as keyless MPC wallet, which removes the need for private keys and provides a more user-friendly experience. Additionally, Bitget Wallet’s integration with Telegram Tap-to-Earn mini-games, has made it easier for Indian users to engage with Web3.

    For similar reasons, European users are increasingly opting for decentralized wallets as alternatives to centralized exchanges. Countries like France, Germany, and the UK, where Bitget Wallet saw 286%, 115% and 94% user growth in Q3 respectively, are leading this trend. Users in these regions are drawn to Bitget Wallet’s all-in-one platform, which allows them to manage, trade, and explore decentralized apps extensively and securely. As wallets continue to evolve, they are emerging as essential entry points to Web3 for users across Europe.

    To get started with Bitget Wallet, please visit here.

    About Bitget Wallet

    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 500,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.

    For more information, visit: Website | Twitter | Telegram | Discord

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5b2fe99a-7041-4e45-9de8-d37cb4be97c4

    The MIL Network

  • MIL-OSI Russia: Marat Khusnullin took part in the All-Russian Congress of Road Workers

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Marat Khusnullin took part in the All-Russian Congress of Road Workers

    Deputy Prime Minister Marat Khusnullin took part in a panel discussion of the All-Russian Congress of Road Workers at the XI International Specialized Exhibition “Road-2024”. In particular, preliminary results of the implementation of the national project “Safe High-Quality Roads” were summed up.

    “In recent years, an effectively functioning, unified project team for the road industry of the entire country has been formed. Thanks to the support of the President, the Chairman of the Government, as well as the coordinated work of the Ministry of Transport, the Ministry of Finance, Rosavtodor, and regional teams, we have managed to achieve great success, including in the implementation of the national project “Safe High-Quality Roads”. As a result, comfortable conditions for study and work, for rest and raising children have been created. Positive changes have not gone unnoticed by residents of the regions. The national project is one of the most recognizable among the population. Over six years of work on “BKD”, we have been able to repair, reconstruct and build more than 100 thousand km of roads in 84 regions, and lay 800 million square meters of top layers of pavement. Now we are finishing the current road national project, the continuation of which in the future will be a new one – “Infrastructure for Life”. There is still a lot of work to be done, but with a well-coordinated team, I am sure that all targets will be met, and some of them will exceed the planned values,” said Marat Khusnullin.

    The Deputy Prime Minister thanked his colleagues for the work done in terms of developing the road transport industry and noted large-scale plans for the future. On the instructions of the President, by 2030 it is planned to build at least 50 bypasses of populated areas. Active development of the transport route “Russia”, international transport corridors “North – South”, “West – East” will also continue. Local measures to eliminate bottlenecks in the federal network, development of roads of the Azov-Black Sea cluster will also continue.

    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://government.ru/nevs/53030/

    MIL OSI Russia News

  • MIL-OSI United Kingdom: British Caribbean Minister meets Prime Minister Philip Davis KC in The Bahamas as the two countries strengthen trade ties

    Source: United Kingdom – Executive Government & Departments

    Baroness Chapman signs new trade deals between the UK and The Bahamas

    • Baroness Chapman to visit The Bahamas as part of her first visit to the Western Caribbean
    • Minister meeting with Prime Minister Philip Davis KC to formally sign series of UK-Bahamas trade deals
    • UK-Bahamas trade relationship worth $5bn per year

    The UK Minister for the Caribbean, Baroness Chapman is in The Bahamas today.

    While in Nassau, the Minister met Prime Minister Philip Davis KC to discuss formally our bilateral partnership, and our shared priority of growing our economies, empowering our young people, and fighting the climate and nature crises.

    The Minister and Prime Minister announced a series of new trade deals between the UK and The Bahamas, that will see UK businesses including Manchester Airport Group and Amey PLC awarded contracts for work to operator Freeport Airport, and rebuild Glass Window Bridge.  

    In a demonstration of the growing UK-Bahamas trade relationship, Baroness Chapman was also able to announce that Amey PLC, the firm behind construction of the M1 and the rebuilding of Liverpool Lime Street, will be making Nassau the home of its first ever office in the Americas.

    The firm will hire and train Bahamian engineers and project managers, and connect Bahamian companies with British expertise to win contracts across the Caribbean and USA. 

    The current trade relationship between the UK and The Bahamas amounts to $5bn a year, making the UK one of The Bahamas’ most significant trade partners.

    UK Caribbean Minister, Baroness Chapman said:

    The UK-Bahamas relationship is going from strength to strength.  

    The deals I am announcing alongside the Right Honourable Philip Davis here this week will see British businesses deliver essential infrastructure projects for The Bahamas, and invest directly in The Bahamas.

    They are a further illustration of our growing partnership, as we continue work to deliver growth and prosperity for the people of both our nations.

    I look forward to continuing to deepen our ties from trade to climate during my time in The Bahamas.

    During her visit, Baroness Chapman also met Minister of Education and Technical and Vocational Training, Glenys Hanna-Martin, where she formally handed over 10,000 pages of historic documents pertaining to Bahamian Independence, that have been stored in the National Archives in the UK.  

    The documents have also been digitised and will be made available by The Bahamas’ National Archive, which will increase access and public understanding of the process undertaken to achieve independence by students both in The Bahamas and the UK.  

    Following a visit to a coral reef to see the work local NGOs are doing to preserve an important ecological area, the Minister toured the University of The Bahamas, where she took part in a roundtable alongside environmental science students, academics and NGOs focused on the impact of climate change on The Bahamas.

    Finally, the Minister visited the Forensics department of The Royal Bahamas Police Force and met two senior female officers who were recipients of the UK Chevening scholarship, and who received formal UK forensics training.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Transition Finance Market Review launch

    Source: United Kingdom – Executive Government & Departments

    Keynote speech by Minister for Industry at the launch event for the Transition Finance Market Review.

    Thank you Councillor for your warm welcome and for your work as part of this review.  

    This is my second time this week in the Guildhall. We had the big Investment Summit here on Monday. It’s always very special to come to the Guildhall. 

    For 2,000 years this site has been a hub of development, business and finance, so it’s apt that we meet here today to discuss more modern means of generating profitable, sustainable growth in the UK.  

     I want to start by congratulating Vanessa and the team and everyone who has taken part in the Transition Finance Market Review and for publishing your comprehensive report and to City of London Corporation for hosting this event.  

    This is a really important review, which will influence how we think about financing the clean energy transition in the UK and around the world.  

    Our twin  goals of clean power by 2030 and accelerating to net zero in 2050 are ambitious… 

    …but, as the men and women who stood in this Guildhall over the centuries knew, with any period of growth comes huge opportunity. 

    Which is why we need to deploy all the tools at our disposal – from innovative new technology at scale, to novel and creative financial packages that mirror that ambition.  

    Clean energy is at the heart of this government’s agenda.  

    We believe that clean energy is the economic and industrial opportunity of the 21st century.  

    Mobilising public and private finance will be critical to achieving our clean energy mission and international climate goals.  

    The government is working quickly to remove the barriers and deploy legislative actions to accelerate the work.  

    Take the de-facto onshore wind ban.  

    Removed within 72 hours of being in office… 

    Now we must support industry on how to break ground on multiple new projects.    

    It’s why we are introducing a Planning and Infrastructure Bill to speed up and streamline the planning process.  

    And we will also be updating the relevant National Policy Statements within the next 12 months to provide certainty to the industry. 

    By stimulating the market and crowding-in investment via Great British Energy, we stand to rapidly grow supply chains across the country, creating the well-paid and meaningful jobs our communities crave. 

    But this all points back to finance. 

    How do we approach the question of scaling up the investment we need?  

    First, our ambition is to make the UK the green finance capital of the world.  

    This will mobilise Britain’s world-leading financial centre to unlock the trillions of pounds of investment needed for the global energy transition.   

    A strong sustainable finance policy framework is critical to driving investment into the sectors that are crucial to meet our carbon budgets.  

    It also provides a huge economic growth opportunity for the financial services sector.  

    Second, there must be a genuine partnership between government and the private sector.

    In the UK we need hundreds of billions of pounds of investment to make this transition happen.  

    Our role is to set a clear and certain direction of travel, with a plan that businesses and investors understand. 

    And third, we remain committed to being a strong advocate for climate finance to ensure developing countries across the world have the finance they need.   

    COP29 needs to deliver an ambitious new climate finance goal that meets the needs and priorities of developing countries.  

    This will be vital to accelerating investment in mitigation and adaptation and will play an important role in securing ambitious NDCs ahead of COP30 next year.  

    But we know that this won’t be as easy as flicking a switch for high emitting sectors.  

    Transition finance for hard-to-abate sectors will play a key role, particularly when it comes to challenges such as industrial decarbonisation.  

    I know there are complex challenges to overcome in scaling up the transition finance market. 

    These include minimising the risks of greenwashing and ensuring investors are equipped with the right information on investment needs for our sectors.  

    But there are huge opportunities too.  

    So, what is changing? 

    The Transition Finance Market Review has developed a comprehensive set of policy recommendations for how government can do more to accelerate the growth and ensure the credibility of our transition finance market.  

    The Review has called for more clarity on decarbonisation pathways for key sectors and ways of mobilising private investment to achieve these. 

    We will strive to deliver this clarity through existing and new policy, including our Industrial Strategy launched on Monday setting out the steps we are taking to deliver long-term growth while harnessing the opportunities of net zero. 

    Clean Energy Industries are one of eight growth-driving sectors identified in the Industrial Strategy green paper this week. This is alongside Advanced Manufacturing, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services.  

    We are now keen to hear your thoughts on how we identify the most promising sub-sectors within clean energy industries – including the most innovative emerging technologies. 

    More over, our green paper makes clear the UK is committed to sustaining growth – growth that is aligned with our Net Zero and environmental objectives. 

    We also announced a National Wealth Fund capitalised with £27.8 billion to invest in the new industries of the future and mobilise billions more in private investment and generating a return for taxpayers.  

    The National Wealth Fund will build on the leadership of the UK Infrastructure Bank but go further – including in ways recommended by the Transition Finance Market Review.  

    And just one example, the National Wealth Fund will be empowered to make investments that maximise the mobilisation of private investment, including an expanded suite of financial instruments such as performance guarantees and trialling new blended finance solutions, with government departments, taking on additional risk to facilitate higher impact in individual deals. 

    It will inherit UKIB’s existing £22 billion capitalisation and have an additional £5.8 billion, which will be committed over this Parliament. 

    In addition, we are driving forward several green finance priorities mentioned in the Review. 

    We are developing our approach to mandate UK registered financial institutions and large companies to implement credible transition plans. 

    we will ensure we move from ambition into coherent strategies to realise the opportunities of the net zero economy… 

    …and I want to extend my thanks to the Transition Plan Taskforce for their work to pioneer global best practice in this space. 

    We will also continue to advance our plans for a UK Green Taxonomy in line with our commitment in Financing Growth.  

    We want to ensure any framework is science-based, interoperable with international standards, and user-friendly for business and intend to provide more detail on our plans in this area soon.  

    Finally, we are advancing plans to ‘endorse’ international climate-related reporting standards issued by the International Sustainability Standards for use in the UK. 

    Our government will be studying the recommendations in the report very carefully and will be making further announcements on their implementation soon.  

    Clean power by 2030 is ambitious. But when you look around the world, you see that we have no time to waste.  

    Climactic events are worsening. All the industrialised nations around the world have a responsibility to step-up and redress this imbalance, using whatever resources necessary.  

    Domestically, we know that the advance of the green sector is intrinsically linked to the economy, and it is our core mission to deliver meaningful, well-paid jobs fuelled by renewable growth.   

    And it’s the reason we’re going all-out for clean power.  

    All of this hinges on mobilising green finance today, so that decades from now, people will remember this period as our green industrial revolution, delivering prosperity, skills and clean energy for millions of people.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Houston man guilty in $160M Medicare fraud scheme

    Source: US Department of Health and Human Services – 3

    Department of Justice
    U.S. Attorney’s Office
    Southern District of Texas

    FOR IMMEDIATE RELEASE
    Tuesday, October 15, 2024

    HOUSTON – A 59-year-old Houston man has been convicted of all 15 counts as charged for heading a massive Medicare fraud scheme involving the fraudulent billing of expensive topical creams, announced U.S. Attorney Alamdar S. Hamdani.  

    The jury deliberated for less than five hours before convicting Mohamad Mokbel following a 10-day trial. 

    From 2014 through 2021, Mohamad Mokbel led a company called 4M Pharmaceuticals which operated 14 pharmacies with straw owners. The jury heard evidence that Mokbel illegally purchased thousands of Medicare beneficiaries, including their identification number, personal health and physician information. Mokbel targeted elderly diabetic patients who are dependent on diabetic testing supplies to manage their blood sugar levels. Mokbel paid $16 to $40 per Medicare beneficiary.  

    To maximize reimbursements and without regard for medical necessity, Mokbel then directed 4M employees to use the Medicare beneficiaries’ patient data to run insurance claims to determine if Medicare or other insurance plans would cover and reimburse at a high rate for the topical creams, Omega-3 pills and other medications that Mokbel intended to sell through 4M pharmacies.

    At Mokbel’s direction, 4M employees would then fax pre-filled prescription requests to the patients’ doctors appearing to be for diabetic testing supplies with topical creams added at the bottom. They also included false representations that the patient was requesting a 4M Pharmacy fill their medications. In reality, Mokbel had previously purchased the patient’s personal information, the patient had not selected a 4M Pharmacy and the patient was often unaware the request was being made on their behalf. 

    Many doctors apparently took the representations in the fax at face value and did sign and send back the prefilled prescription requests to 4M. Mokbel’s call center in Houston and later in Egypt then contacted the patients and made false and misleading statements about the topical cream and their doctor’s order. Mokbel’s pharmacies then shipped out numerous topical creams, often on auto-refill, and excessively billed Medicare, Medicaid and private insurance plans. 

    Mokbel made over $200 million as a result of the scheme. 

    From 2015 through 2020, Mokbel also corruptly gave a series of bribe payments, ranging from $2,000 to $5,000 and totaling over $188,000 an employee of a pharmacy benefits manager – OptumRx – in exchange for favorable treatment for 4M pharmacies. They were credentialed and recredentialed with OptumRx which allowed them to enter into retail network agreements with OptumRx, participate in the Medicare Part D program and submit claims for prescriptions for Medicare beneficiaries. Mokbel also received information and advice about responding to audits and preventing and/or delaying OptumRX termination of many 4M pharmacies.

    U.S. District Judge Lee H. Rosenthal accepted the verdict and set sentencing for Jan. 7, 2025. At that time, Mokbel faces up to 20 years for conspiracy to commit mail fraud and health care fraud, 10 years for each of five counts of health care fraud, each of six counts of money laundering and one count of bribery concerning programs receiving federal funds as well as five years for

    conspiracy to violate the Anti-Kickback Statute and conspiracy to commit bribery. He could also be ordered to pay up to a total of $4 million in fines and possible restitution in excess of $160 million.      

    Previously released on bond, Mokbel was taken into custody pending sentencing.

    The FBI, IRS Criminal Investigation, Homeland Security Investigations, Department of Health and Human Services, Food and Drug Administration and the Texas Attorney General Medicaid Fraud Control Unit conducted the investigation. Assistant U.S. Attorneys Kathryn Leigh Olson and Adam Laurence Goldman are prosecuting the case.

    MIL OSI USA News

  • MIL-OSI Global: Aquaculture could harm animal welfare or protect it, depending on what species the farms raise

    Source: The Conversation – USA – By Becca Franks, Assistant Professor of Environmental Studies, New York University

    Raising salmon in a tank at an aquaculture farm in Dubai. Giuseppe Cacace/AFP via Getty Images

    The global aquaculture industry has tripled in size since the year 2000, with producers raising a mind-boggling diversity of species, from seaweeds and clams to carp, salmon and cuttlefish. Many of these creatures are undomesticated and lead complex and highly social lives in the wild.

    The rapid growth in aquaculture means that billions of individual aquatic animals are now being farmed without basic information that could help ensure even minimal welfare standards. Our newly published study shows that these welfare risks are not uniform: Aquaculture is likely to have severe effects on welfare for some species, but negligible impacts on others.

    Whenever humans manage animals on a large scale, welfare becomes a concern. As experts on aquatic animals and their welfare, we believe that taking proactive measures to shape the aquaculture industry’s growth will be critical for its long-term success.

    A cuttlefish tackles a challenge originally designed for human children, demonstrating cephalopods’ complex cognitive processes.

    Complex aquatic lives

    In a wide-ranging review of the existing science, we identified seven risk factors in fish and other sea creatures that would be challenging or impractical to accommodate in captivity. They include 1) migratory behavior, 2) solitary social structures, 3) long life spans, 4) carnivorous feeding habits, 5) cannibalism, 6) living at depths of 165 feet (50 meters) or more, and 7) elaborate courtship or involved parental care.

    We researched these characteristics for each of the more than 400 species currently farmed in aquaculture. Our analysis found that many species of fishes, reptiles and amphibians are likely to suffer in aquaculture because they won’t be able to engage in their natural behaviors in farmed conditions. The same is true for crustaceans such as lobsters and for cephalopods such as cuttlefish.

    In contrast, aquatic plants and other invertebrates such as oysters would experience fewer differences between their life in the wild versus in a tank, pond or other aquaculture production system.

    We also found that species most at risk are among the most expensive on the market but contribute the least to global production. By shifting toward species whose behaviors and life habits are more compatible with aquaculture, the industry could minimize animal welfare risk while also keeping prices down and production quantities high. In other words, protecting aquatic animal welfare is compatible with producing affordable, nutritious food.

    Animal welfare in the water

    Research shows that many aquatic animals are intelligent, emotional, curious, highly social and have strong preferences. Like land animals, they can suffer if their needs aren’t met.

    Consider, for example, the bumphead parrotfish (Bolbometopon muricatum), which is currently farmed in aquaculture. Bumpheads live up to 40 years and travel several kilometers each day in large foraging troops, searching for live coral. On full moons, they come together in the hundreds to spawn and engage in ritual head-bumping contests between the males, like an aquatic version of bison.

    Divers observe a feeding school of bumphead (also referred to as humphead) parrotfish on Australia’s Great Barrier Reef.

    It would be very difficult and expensive to accommodate this species’ long life span, large range, complex foraging behavior and dynamic social relationships in the highly restrictive and monotonous environments of aquaculture.

    We also found examples of invertebrate animals with similarly elaborate ways of life. One example is the red swamp crayfish (Procambarus clarkii), a comparatively small crustacean that builds elaborate tunnel and chamber systems underground. Females care attentively for their tiny offspring, fanning, cleaning and feeding juveniles for up to four months after they hatch.

    In contrast, plant species farmed in aquaculture, such as seaweeds and water spinach (Ipomoea aquatica), are nutritious, protein-rich foods that can be raised without posing direct animal welfare concerns.

    In 2021 alone, 56 species were farmed for the first time. By identifying species that may naturally adapt better to life in captivity, aquaculture producers and policymakers can steer their industry toward a more humane future.

    This approach is already finding support in the U.S., where Washington and California have banned octopus farming. The states acted partly in response to research showing that octopuses are intelligent, curious, social animals that can solve problems and recognize individual people – qualities that are incompatible with being raised en masse for food.

    More research is needed to understand the lives and behaviors of other sea creatures that are currently farmed or targeted for production in the future. Most of these species remain understudied and mysterious, which makes it hard to make informed decisions about whether they are suitable for farming.

    Better data could contribute to aquaculture policy, while also boosting public appreciation for the diversity and intricacy of life on a planet that is 70% aquatic.

    Becca Franks receives funding from TinyBeam Foundation and Open Philanthropy.

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

    ref. Aquaculture could harm animal welfare or protect it, depending on what species the farms raise – https://theconversation.com/aquaculture-could-harm-animal-welfare-or-protect-it-depending-on-what-species-the-farms-raise-240771

    MIL OSI – Global Reports

  • MIL-OSI: Retired CEO and Chair of the Board of Directors of Microchip Technology Steve Sanghi Releases New Book: “Ask Steve: Everyday business advice from a successful CEO”

    Source: GlobeNewswire (MIL-OSI)

    PARADISE VALLEY, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) — Steve Sanghi, retired CEO and chair of the board of directors of Microchip Technology, today announces the release of his third book, “Ask Steve: Everyday business advice from a successful CEO.” Sanghi offers practical and real-world business advice based on his highly regarded leadership style and overall business acumen.

    Building on the success of his previous books, “Ask Steve: Everyday business advice from a successful CEO,” is an extension of the popular business advice column that ran in the Arizona Republic from 2007 to 2014. In the column, Sanghi responded to business inquiries from individuals at various career levels, offering solutions to both personal and professional challenges. “I contributed to the ‘Ask Steve’ column as a way to give back to the community and help others using my own experiences,” Sanghi said. The column featured advice on a range of professional concerns from individual career advancement to global trade dilemmas.

    The book gathers questions from over seven years of the column, providing insights into topics such as:

    • Career development and advancement
    • Global trade challenges
    • Management issues
    • Advice for investors and marketers
    • International business complexities

    This release follows Sanghi’s previous books, Driving Excellence: How the Aggregate System Turned Microchip Technology from a Failing Company to a Market Leader (co-authored with Michael J. Jones) and Up and to the Right: My Personal and Business Journey Building the Microchip Technology Juggernaut (2023).

    The sound advice in “Ask Steve” provides a comprehensive guide for anyone seeking practical business advice and is sure to be a constant desk reference for professionals from CEOs to recent graduates. Sanghi’s firsthand experience as a successful leader makes his advice relevant and actionable in today’s fast-paced business environment.

    The book is available for purchase on Amazon or here.

    About the Author

    Steve Sanghi led Microchip Technology for over three decades, transforming it from a struggling company on the verge of bankruptcy in 1990 to a market leader in the semiconductor industry with a market capitalization of $43 billion. Sanghi has won numerous awards during his tenure, including the Global Semiconductor Alliance’s Dr. Morris Chang Exemplary Leadership Award in December 2022, the Global Semiconductor Alliance’s highest honor. A respected thought leader in the business world, Sanghi has authored three books and regularly provides insights on leadership, business strategy and management.

    Today, Sanghi is Chair of the board of Microchip Technology, Impinj and Advantek. He is also a member of the board of directors of the Northern Arizona University Foundation.

    Editorial Contact:

    Marcy Hatch-Padilla

    480-792-5981

    booksupport@microchip.com

    1. Sanghi, S., & Jones, M.J. (2006). “Driving excellence: How the aggregate system turned Microchip Technology from a failing company to a market leader.”
    2. Sanghi, S. (2023). “Up and to the right: My personal and business journey building the Microchip Technology juggernaut.”

    The MIL Network

  • MIL-OSI: Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., Oct. 16, 2024 (GLOBE NEWSWIRE) — Quaint Oak Bancorp, Inc. (OTCQB: QNTO) (the “Company”), the holding company for Quaint Oak Bank, announced today that its Board of Directors declared a quarterly cash dividend of $0.13 per share on the common stock of the Company on October 16, 2024. The dividend is payable on November 12, 2024, to the shareholders of record at the close of business on October 28, 2024.

    Quaint Oak Bancorp, Inc., a Financial Services Company, is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Company, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank’s subsidiary companies include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC and Oakmont Commercial, LLC, a specialty commercial real estate financing company. All companies are multi-state operations.

    Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” We undertake no obligation to update any forward-looking statements.

    Contact:
    Quaint Oak Bancorp, Inc.
    Robert T. Strong
    President and Chief Executive Officer
    215.364.4059

    The MIL Network

  • MIL-OSI Global: Microplastic pollution is everywhere, even in the exhaled breath of dolphins – new research

    Source: The Conversation – USA – By Leslie Hart, Associate Professor of Public Health, College of Charleston

    Microplastics are invisible but omnipresent. Musat/iStock via Getty Images Plus

    Bottlenose dolphins in Sarasota Bay in Florida and Barataria Bay in Louisiana are exhaling microplastic fibers, according to our new research published in the journal PLOS One.

    Tiny plastic pieces have spread all over the planet – on land, in the air and even in clouds. An estimated 170 trillion bits of microplastic are estimated to be in the oceans alone. Across the globe, research has found people and wildlife are exposed to microplastics mainly through eating and drinking, but also through breathing.

    A plastic microfiber found in the exhaled breath of a bottlenose dolphin is nearly 14 times smaller than a strand of hair and can be seen only with a microscope.
    Miranda Dziobak/College of Charleston, CC BY-SA

    Our study found the microplastic particles exhaled by bottlenose dolphins (Tursiops truncatus) are similar in chemical composition to those identified in human lungs. Whether dolphins are exposed to more of these pollutants than people are is not yet known.

    Why it matters

    In humans, inhaled microplastics can cause lung inflammation, which can lead to problems including tissue damage, excess mucus, pneumonia, bronchitis, scarring and possibly cancer. Since dolphins and humans inhale similar plastic particles, dolphins may be at risk for the same lung problems.

    Research also shows plastics contain chemicals that, in humans, can affect reproduction, cardiovascular health and neurological function. Since dolphins are mammals, microplastics may well pose these health risks for them, too.

    As top predators with decades-long life spans, bottlenose dolphins help scientists understand the impacts of pollutants on marine ecosystems – and the related health risks for people living near coasts. This research is important because more than 41% of the world’s human population lives within 62 miles (100 km) of a coast.

    What still isn’t known

    Scientists estimate the oceans contain many trillions of plastic particles, which get there through runoff, wastewater or settling from the air. Ocean waves can release these particles into the air.

    The ocean releases microplastics into the air through surface froth and wave action. Once the particles are released, wind can transport them to other locations.
    Steve Allen, CC BY-SA

    In fact, bubble bursts caused by wave energy can release 100,000 metric tons of microplastics into the atmosphere each year. Since dolphins and other marine mammals breathe at the water’s surface, they may be especially vulnerable to exposure.

    Where there are more people, there is usually more plastic. But for the tiny plastic particles floating in the air, this connection isn’t always true. Airborne microplastics are not limited to heavily populated areas; they pollute undeveloped regions, too.

    Our research found microplastics in the breath of dolphins living in both urban and rural estuaries, but we don’t yet know whether there are major differences in amounts or types of plastic particles between the two habitats.

    How we do our work

    Breath samples for our study were collected from wild bottlenose dolphins during catch-and-release health assessments conducted in partnership with the Brookfield Zoo Chicago, Sarasota Dolphin Research Program, National Marine Mammal Foundation and Fundación Oceanogràfic.

    Exhaled breath is collected from a dolphin during a wild dolphin health assessment in Barataria Bay in Louisiana.
    Todd Speakman/National Marine Mammal Foundation, CC BY-SA

    During these brief permitted health assessments, we held a petri dish or a customized spirometer – a device that measures lung function – above the dolphin’s blowhole to collect samples of the animals’ exhaled breath. Using a microscope in our colleague’s lab, we checked for tiny particles that looked like plastic, such as pieces with smooth surfaces, bright colors or a fibrous shape.

    Since plastic melts when heated, we used a soldering needle to test whether these suspected pieces were plastic. To confirm they were indeed plastic, our colleague used a specialized method called Raman spectroscopy, which uses a laser to create a structural fingerprint that can be matched to a specific chemical.

    Our study highlights how extensive plastic pollution is – and how other living things, including dolphins, are exposed. While the impacts of plastic inhalation on dolphins’ lungs are not yet known, people can help address the microplastic pollution problem by reducing plastic use and working to prevent more plastic from polluting the oceans.

    Leslie Hart receives funding from the National Institute of Environmental Health Sciences of the National Institutes of Health, Sea Grant, and the National Science Foundation. Research reported in this article was supported by the National Institute of Environmental Health Sciences of the National Institutes of Health under Award Number R15ES034169 and the College of Charleston’s School of Health Sciences. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health.

    Leslie Hart is an epidemiological consultant for the National Marine Mammal Foundation; however, this study was not conducted as a consultant.

    Bottlenose dolphin health assessments were conducted under Scientific Research Permit #26622 and #24359, issued by the National Oceanic and Atmospheric Administration’s (NOAA) National Marine Fisheries Service (NMFS). Research studies were reviewed and approved by Mote Marine Laboratory and NMFS Atlantic Institutional Animal Care and Use Committees (IACUC).

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

    ref. Microplastic pollution is everywhere, even in the exhaled breath of dolphins – new research – https://theconversation.com/microplastic-pollution-is-everywhere-even-in-the-exhaled-breath-of-dolphins-new-research-237932

    MIL OSI – Global Reports

  • MIL-OSI USA: FEMA Hits $5 Million Mark!

    Source: US Federal Emergency Management Agency

    Headline: FEMA Hits $5 Million Mark!

    FEMA Hits $5 Million Mark!

    HARRISBURG, Pa — The Federal Emergency Management Agency hit an important milestone October 11 when grants it has awarded to Commonwealth residents under its Individuals and Households Program (IHP) totaled $5,020,070.14.  The grants went to residents of Lycoming, Potter, Tioga and Union counties for losses they suffered as a result of Tropical Storm Debby, August 8-9. 

    In the month since September 11 when President Biden issued the presidential disaster declaration, 1,046 residents of the four counties have registered with FEMA to establish eligibility for federal disaster assistance. Registrants from Tioga County led the count with 426, Lycoming County came second with 349 residents registered, then Potter with 207 and Union with 64.

    FEMA has made 1,867 payments to applicants, most of whom received funds from Other Needs Assistance (ONA). ONA grants worth $1.83 million are for survivors’ immediate needs like medical and dental expenses, childcare, moving and storage or funeral costs. Housing Assistance worth $3.18 million, went to 418 residents to help them repair their damaged homes. FEMA cannot return applicants to their original pre-disaster situation, but it can help them regain their footing in recovery. 

    Two new components of ONA are Serious Needs Assistance and Displacement Assistance. Even though they were small outlays, they were important sources of funds for survivors with immediate needs. Serious Needs Assistance is a one-time lump-sum payment of $750 to an eligible household to help with essential items such as food, water, baby formula, diapers, personal hygiene items, medication and fuel for transportation. More than $507,000 from Serious Needs was provided to eligible survivors. 

    Displacement Assistance is designed for survivors who cannot return to their home following a disaster and provides them financial assistance they can use flexibly to pay for their immediate housing needs. The $900,900 given directly to survivors from Displacement Assistance provided eligible survivors with up-front funds to assist with immediate housing options of their choice until they are able to secure a rental option to focus on their long-term recovery.

    Home repair assistance from FEMA is limited to only owner-occupied primary homes, not vacation homes or second homes. In addition, home repair assistance is available to homeowners only for uninsured or underinsured disaster-damaged items that make your home safe, sanitary, secure and inhabitable. Households with damage to essential living spaces in a basement – including garden apartments – may also be eligible for FEMA assistance to help cover those losses. 

    When you apply for assistance, be sure to indicate if you had furnace and other essential electrical appliances damaged during the summertime disaster. If you have already repaired or replaced the furnace, be prepared to provide FEMA with valid estimates or receipts. 

    If you have yet to apply for FEMA assistance, go online to http://www.DisasterAssistance.gov, call 800-621-3362, or download the FEMA App to your phone. If you use a video relay service or captioned telephone service. give FEMA your number for the service. And for in-person assistance, visit a Disaster Recovery Center. The registration deadline is November 12, 2024.

    For more information about the disaster recovery operation in Pennsylvania, visit fema.gov/disaster/4815.   

                                                                                        ###

    Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status. Reasonable accommodations, including translation and American Sign Language interpreters via Video Relay Service will be available to ensure effective communication with applicants with limited English proficiency, disabilities, and access and functional needs. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-3362 (including 711 or Video Relay).                                                                     

    FEMA’s mission is helping people before, during, and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.

    erika.osullivan

    MIL OSI USA News

  • MIL-OSI Canada: HMCS Ottawa departs for the Indo-Pacific region on Operations HORIZON and NEON

    Source: Government of Canada News

    News release

    October 16, 2024 – Esquimalt, B.C. – National Defence / Canadian Armed Forces

    Today, the crew of His Majesty’s Canadian Ship (HMCS) Ottawa bid farewell to their families and loved ones at a departure ceremony held at His Majesty’s Canadian Dockyard Esquimalt, British Columbia.

    HMCS Ottawa will sail across the Pacific Ocean while deployed on Operations HORIZON and NEON. Operation HORIZON is Canada’s forward-presence mission to the Indo-Pacific region to promote peace, stability, and the rules-based international order. Operation NEON is Canada’s contribution to a coordinated multinational effort to support the implementation of United Nations sanctions imposed against North Korea.

    During this deployment HMCS Ottawa will maintain Canada’s naval presence in the Indo-Pacific, demonstrating the nation’s contribution to regional peace and stability, and commitment to international security. The crew of HMCS Ottawa will showcase the Royal Canadian Navy’s (RCN) operational capabilities while working alongside international allies and partner navies during military training exercises; highlighting Canada’s commitment to international collaboration and fostering military and diplomatic partnerships.

    Quotes

    “The departure of His Majesty’s Canadian Ship (HMCS) Ottawa, the second ship from the West Coast to deploy on Operation HORIZON this year, represents the culmination of thousands of hours of collective effort and dedication from the ship’s company and supporting staff ashore. This deployment to the Indo-Pacific region will see the ship and its crew sail with our allies and partners in the region and take on critical tasks and missions. I know that they are up to the challenge. Fair winds and following seas to HMCS Ottawa, I wish you all a safe and successful mission.”

    Rear-Admiral Christopher Robinson, Commander Maritime Forces Pacific

    “For those serving onboard, today’s departure is months in the making. Ottawa’s crew has worked hard to get our ship ready for Operations HORIZON and NEON where we will represent Canada and the Royal Canadian Navy well throughout our mission across the Indo-Pacific. This deployment would not be possible without the incredible support of our families, who serve with us, and without them we would not have been able to get to this moment.”

    Commander Adriano Lozer, Commanding Officer HMCS Ottawa

    Quick facts

    • As part of the Indo-Pacific Strategy, the RCN is committed to working alongside regional allies and partners to promote a stable, secure, and prosperous Indo-Pacific.

    • The series of UN sanctions, adopted between 2006 and 2017, aim to pressure North Korea to abandon its weapons of mass destruction programs and respond to North Korean nuclear weapon tests and ballistic missile launches.

    • HMCS Ottawa, a Halifax-class Canadian Patrol Frigate, has a crew of approximately 240 members comprised of RCN sailors and Royal Canadian Air Force aviators.

    • One CH-148 Cyclone helicopter detachment is embarked onboard HMCS Ottawa. This helicopter detachment specializes in anti-submarine warfare, maritime surveillance, and search and rescue operations.

    Associated links

    Contacts

    Maritime Forces Pacific Public Affairs
    Phone: 250-363-5789 or 250-888-6775
    Email: ESQPACIFICNAVYPUBLICAFFAIRS@forces.gc.ca

    MIL OSI Canada News

  • MIL-OSI Canada: Manitoba Government Supports Growth of Local Companies

    Source: Government of Canada regional news

    Manitoba Government Supports Growth of Local Companies

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    Innovation Funding Will Create Good Manitoba Jobs: Moses


    The Manitoba government is funding 12 local companies through the Innovation Growth Program (IGP) to support product innovation, advancement and business growth, Economic Development, Investment, Trade and Natural Resources Minister Jamie Moses announced today.

    “Manitoba has many small- and medium-sized businesses doing great things, and I’m pleased our government can provide support to make more innovation happen,” said Moses. “This support has a ripple effect for our economy – business expansion and innovation will provide more good jobs for Manitobans and contribute to growing our economy.”

    The IGP provides cost-shared grants of up to $100,000 to eligible Manitoba small- and medium-sized enterprises to assist with the commercialization of innovative products or processes and accelerate growth.

    “I am incredibly grateful for the support we’ve received through the Innovation Growth Program and for the opportunities this unlocks for our company,” said Johanna Wood, president and CEO, Spark E Safety. “This funding will enable us to expand our operations, accelerate the development of innovative, well-fitting safety garments and create much-needed jobs in our community. With this boost, we’re one step closer to ensuring that every worker has access to protective gear that truly fits and keeps them safe.”

    Collectively, these companies expect to add 426 new full-time jobs to Manitoba and $291.2 million in export sales within five years, contributing to the government’s commitment to grow the economy with good Manitoba jobs for Manitobans, the minister noted.

    IGP uses a competitive application process. The current intake for the Innovation Growth Program is open until Dec. 15. For more information, visit: https://gov.mb.ca/jec/busdev/financial/igp/index.html.

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    MIL OSI Canada News