Category: Business

  • MIL-OSI USA: SCHUMER ANNOUNCES $18 MILLION FEDERAL PRELIMINARY CHIPS AGREEMENT FOR EDWARDS VACUUM’s PLANS FOR 600+ JOB SEMICONDUCTOR DRY PUMP FACTORY IN GENESEE COUNTY

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    Schumer, Key Author Of The CHIPS & Science Law, Fought Tirelessly To Convince Edwards Vacuum To Invest In Western NY, Personally Calling Company’s President To Bring Edwards to NY & Celebrating Groundbreaking Earlier This Year
    Now, Funding Directly From Schumer’s CHIPS & Science Law Will Support Edwards Vacuum’s Plans To Build A First-Of-Its-Kind $300+M American Semiconductor Dry Pump Factory In Genesee County, Creating 600+ Good-Paying Jobs – Award Is 3rd CHIPS PMT For A NY Project Following Micron & GlobalFoundries
    Schumer: My CHIPS & Science Law Is Helping Edwards Vacuum & Western NY Become Centerpiece Of America’s Semiconductor Supply Chain
    After announcing that Edwards Vacuum plans to build manufacturing facility in Western New York two years ago, U.S. Senate Majority Leader Chuck Schumer today announced Edwards Vacuum has reached a $18 million preliminary memorandum of terms (PMT) funding agreement with the U.S. Department of Commerce under the CHIPS & Science Law he championed. This proposed federal funding will support Edwards Vacuum’s plans to build its new $300+ million dry pump manufacturing facility for the semiconductor industry, the first of its kind in the country, as there is currently no domestic production of semiconductor-grade dry vacuum pumps.
    “This investment will ensure an essential part of the semiconductor supply chain – that will be surging in demand – is made right here in Genesee County. I am proud to announce my CHIPS & Science Law is investing $18 million in Edwards Vacuum’s expansion in Western New York, creating the first dry pump vacuum manufacturing facility of its kind in America,” said Senator Schumer. “From Micron to GlobalFoundries, all the major semiconductor companies in New York and across America need vacuum technology for their chip fabs, that only Edwards will make in the USA. A historic $300+ million manufacturing facility like this, with over 600 good-paying jobs, was only a dream a few years ago. But I urged Edwards Vacuum to expand in Western NY because I knew this region had the potential to become the beating heart of America’s semiconductor supply chain.”
    Schumer added, “This continued investment by the Biden administration is proof positive the value of our region as a ‘Tech Hub’ and America’s emerging semiconductor superhighway. Today, Edwards Vacuum’s plans to expand in Western NY move forward. And that dream becomes one step closer to becoming a reality thanks to my CHIPS & Science Law.”
    Today’s proposed federal funding will support a planned $300+ million investment and 600+ good-paying jobs when the facility reaches full production capacity. Schumer explained all chip fabs need vacuum technology like what Edwards makes to power the sophisticated equipment and state-of-the-art machine tools needed to make microchips.  Those tools need and use vacuum pumps, like those that will now be made in Western New York, to manipulate the chip wafers to manufacture the finished microchips. By bringing manufacturing to New York, new chip fabs such as Micron and GlobalFoundries in New York, and Intel in Ohio can have access to critical dry pumps that will now be made in the U.S., offering chip producers shorter wait times, improved responsiveness, and reduced CO2 emissions from an American-made product. 
    This is the third agreement for a New York company from the CHIPS Incentives Program funded by Schumer’s CHIPS & Science Law. Earlier this year, Schumer announced that Micron, which plans to invest $100 billion over the next two decades – the largest private investment in New York’ s history – reached a $6.1 billion CHIPS PMT funding agreement. In addition, GlobalFoundries in the Capital Region also reached an agreement for $1.5 billion in direct grant funding under his CHIPS  & Science Law to support a $12.5 billion public-private investment over the next ten plus years to expand and construct a second, new state-of-the-art computer chip factory in Malta, NY.  
    Schumer added, “The CHIPS & Science Law keeps delivering for New York. We are seeing more targeted federal investment in this region to bring back manufacturing than ever before, and awards like this show that the I-90 corridor truly is becoming America’s semiconductor superhighway.”
    “New York State is a national leader in reshoring advanced manufacturing and research and this could not have been accomplished without the combination of the federal CHIPS and Science Act and New York State’s Excelsior Jobs Program,” Governor Hochul said. “As a result, Edwards Vacuum is bringing 600 good jobs to Upstate New York, bolstering our semiconductor ecosystem, and setting the stage for regional success. This is proof that when we work together the sky’s the limit, and none of it would be possible without the partnership of the Biden-Harris Administration, Commerce Secretary Raimondo and New York’s congressional delegation.”
    Schumer has been a relentless champion for expanding the semiconductor supply chain in Western NY. Schumer personally called Geert Follens, President of the Vacuum Technique Business Area for Edwards parent company Atlas Copco Group, to urge the global semiconductor supply chain company to expand in Upstate New York. Later that year Schumer announced with Governor Hochul that Edwards Vacuum had heeded their calls and planned to build their new manufacturing facility in Genesee County.  Earlier this year, Schumer celebrated Edwards Vacuum’s groundbreaking ceremony in Genesee County for Phase 1 of their construction which is expected to be completed in 2028.  
    Schumer last year also helped the Buffalo-Rochester-Syracuse region win the prestigious Tech Hub designation through his CHIPS & Science Law and earlier this year secured a historic $40 million investment to implement the Tech Hub’s work with companies like Edwards. The proposal called the “NY SMART I-Corridor Tech Hub” has built on the historic investments Schumer delivered that have spurred a boom in semiconductor manufacturing and innovation across Upstate NY. Edwards Vacuum is working with Genesee Community College and Tech Hub partners like Monroe Community College, Erie Community College, and the Northland Workforce Training Center to help them hire and train hundreds of new workers.
    Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Micron has announced plans for a historic $100+ billion investment to build a cutting-edge memory fab in Central New York. GlobalFoundries plans to invest over $12 billion to expand and construct a second, new state-of-the-art computer chip factory in the Capital Region. In the Mohawk Valley, Wolfspeed has opened a 200mm silicon carbide fabrication facility, one of the largest, with plans to further expand their operations. TTM Technologies, a printed circuit board manufacturer, plans to invest up to $130 million to expand their facilities in Onondaga County, creating up to 400 good-paying jobs. Menlo Micro will invest $150 million to build their microchip switch manufacturing facility in Tompkins County, creating over 100 new good-paying jobs. In addition, Upstate New York is home to semiconductor supply chain companies like Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants.
    The PMT outlines key terms for Edwards Vacuum’s CHIPS agreement. To finalize the federal CHIPS agreement, the Commerce Department will now begin a comprehensive due diligence process on the proposed project and other information contained in the application. After satisfactory completion of the due diligence phase, the Commerce Department will finalize the PMT.

    MIL OSI USA News

  • MIL-OSI New Zealand: Confirmation of Payee service to improve payment security

    Source: New Zealand Government

    A new confirmation of payments system in the banking sector will make it safer for Kiwis making bank transactions, Commerce and Consumer Affairs Minister Andrew Bayly says. 

    “In my open letter to the banks in February, I outlined several of my expectations of the sector, including the introduction of a Confirmation of Payee (CoP) system. I am pleased to see this being implemented and look forward to continued progress in this area.

    “This new system will give Kiwis greater peace of mind by allowing them to confirm that the name of the person they’re paying matches the bank account details before they send any money.

    “The CoP service is a practical step towards making payments more secure, reducing the chances of errors or potential fraud where funds are mistakenly sent to the wrong person.”

    New Zealand’s retail banks will begin a phased rollout of the CoP service from November 2024, with full implementation across all digital banking platforms, including mobile apps, expected by Easter 2025.

    “Banks are working to ensure the service is carefully tested and integrated across different platforms to guarantee a smooth implementation for customers. This phased approach ensures consumers will experience the benefits without any disruptions.

    “CoP is part of a broader effort by government and the banking sector to enhance security and protect New Zealanders from financial crime.”

    Notes to editor: 

    • More information on the Confirmation of Payee service can be found at: getverified.co.nz

    MIL OSI New Zealand News

  • MIL-OSI Australia: Opinion piece: Albanese good for growth in the west

    Source: Australian Treasurer

    The most recent growth statistics showed that the Australian economy faces some strong headwinds. In an environment where global growth is subdued, the national economy grew just 0.2 per cent in the June 2024 quarter. Yet Western Australia’s growth was considerably faster. With a quarterly growth rate of 0.9 per cent, Western Australia tied with South Australia as the fastest‑growing state in the nation.

    There are other positive signs. Investment in WA continues to grow, reflecting business confidence in WA’s future. In the past financial year, the value of new capital expenditure in Western Australia rose 18.5 per cent in the mining industry and 16.9 per cent in non‑mining industries. This new investment accounts for nearly a quarter of Australia’s new private investment, showing that WA continues to punch above its weight.

    As pro‑growth progressives, we recognise that government has a role to play in boosting the growth rate and continuing to build on WA’s economic success. Higher productivity also increases the speed limit of the economy, allowing Australians to live longer, and live better.

    What are the best policies to encourage growth? As the nation’s most export‑oriented state, international settings are of particular significance for Western Australia. Since coming to office, the Albanese government has sought to stabilise Australia’s relationships with our major trading partners.

    Under the former Coalition government, China effectively closed the door to many of our exports. Since May 2022, as a result of the Albanese government’s calm and consistent approach – in concert with a great deal of hard work and advocacy by industry – most of the Australian products previously subject to impediments have been able to re‑enter China’s market. That includes coal, cotton, timber logs, barley, and wine. Trade impediments imposed by China on around $20 billion of Australian exports remain on less than $1 billion.

    We have also worked to build stronger partnerships with countries throughout our region. Foreign Minister Penny Wong and Trade Minister Don Farrell have worked to diversify our trading relationships, by leading a diplomatic and business push into countries throughout the South East Asia and the Pacific.

    A key element is the development of a new South East Asia Economic Strategy, based on a report that the government commissioned from Nicholas Moore, the former CEO of the Macquarie Group, titled ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’. This strategy aims to boost trade and investment by enhancing economic engagement and leveraging Australia’s strengths: a well‑capitalised corporate sector, sophisticated capital markets, and a substantial national savings pool.

    In the mining sector, the government’s production tax incentive scheme seeks to nurture the critical minerals and green hydrogen industries. These tax credits aim to secure Australia’s critical mineral supply chain and assist with the energy transition in economically productive ways. Yet, remarkably Peter Dutton has opposed production tax incentives. His position puts him at odds with both major parties in Western Australian – Liberal and Labor. As Resources Minister Madeleine King puts it, Dutton’s stance is ‘anti‑resources and anti‑WA’.

    Another important part of Labor’s pro‑growth productivity agenda is competition reform. The last big wave of national competition policy took place in the 1990s, when consumers were given more choice about their electricity provider and a host of unnecessary regulations were scrapped. During the 2000s and 2010s, Australia experienced a rise in market concentration and markups, and a drop in economic dynamism. Too many industries have become dominated by too few companies. Disappointing productivity performance in the 2010s is likely linked to the lack of competition in many Australian markets and Australian consumers have suffered.

    Last year, our government established a competition taskforce in the Australian Treasury, mandated to identify reforms that would create a more competitive economy that drives down costs. This year, the Albanese government has introduced the biggest shakeup of our merger laws in half a century, aiming to ensure that the merger control system is simpler, quicker, and more efficient. Our reforms will ensure quicker approvals for low‑risk mergers but that the competition watchdog sees all high‑risk mergers through mandatory reporting thresholds.

    Another priority of the competition taskforce is the reform of non‑compete clauses. One in 5 Australian workers have a clause in their employment contract that limits their ability to move to a competing company. Non‑compete clauses slow wage growth and impede new business formation. In the United States, the government has estimated that scrapping non‑compete clauses would boost wages by US$500 for the typical worker, and lead to the creation of 8,000 more businesses annually. In Australia, we are actively considering the best way to address the adverse effects of non‑compete clauses.

    These are just some examples of how the Albanese government, with the states and territories, is revitalising the National Competition Policy to deliver more jobs, more startups, and more prosperity. Western Australia is on board with National Competition Policy and stands to share the benefits.

    Being pro‑growth is not about being anti‑fairness. Indeed, the best way to deliver for the most vulnerable is through a growing economy, where everyone can share in the gains. By choosing openness, encouraging dynamism, and strengthening competition, we can get a better deal and expand opportunities for consumers, workers, and households in Western Australia.

    MIL OSI News

  • MIL-OSI China: Chinese mainland, Hong Kong agree to promote services trade

    Source: People’s Republic of China – State Council News

    BEIJING, Oct. 9 — The Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) have agreed to build closer ties in services trade, China’s Ministry of Commerce said Wednesday.

    Li Yongsha, an official with the ministry, and Paul Chan, financial secretary of the HKSAR government, signed a document on amending the service trade agreement under the Closer Economic Partnership Arrangement (CEPA) in Hong Kong on Wednesday.

    The agreement will take effect from the date of signing and will be officially implemented as of March 1, 2025.

    According to the amendment, thresholds of market access for Hong Kong service providers in fields including finance, telecommunications, architecture and tourism, will be further lowered or removed.

    Signed between the mainland and Hong Kong in 2003, the CEPA has significantly facilitated trade liberalization in both goods and services.

    The amendment is an important measure to improve the mechanism for Hong Kong to play a better role in China’s opening-up, said the ministry, adding that it is the second time the CEPA service trade agreement has been amended, the first time being in 2019.

    MIL OSI China News

  • MIL-OSI USA: Disaster Recovery Center in Independence, Va. Will Open Oct. 10

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Independence, Va. Will Open Oct. 10

    Disaster Recovery Center in Independence, Va. Will Open Oct. 10

    BRISTOL, Va.– A Disaster Recovery Center (DRC) will be opening in Grayson County at 578 East Main Street in Independence, Va., tomorrow, Thursday, Oct. 10, at 8 a.m.

    The center is located at:

    Grayson County  

    Guynn Shopping Center

    578 East Main Street 

    Suite B

    Independence, VA 24348

    Hours of operation:

    Monday – Saturday, 8 a.m. to 6 p.m.

    Closed Sundays

    Disaster survivors can visit any DRC to receive assistance. Additional centers will be opening in the coming weeks throughout southwest Virginia.

    Survivors do not have to visit a DRC to register with FEMA. You can call 800-621-FEMA (3362). The toll-free telephone line operates seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. You can also register online at DisasterAssistance.gov or through the FEMA App on your phone.

    The deadline to apply for FEMA disaster assistance is Dec. 2, 2024.

    If you have received a letter from FEMA about your application status, visit a DRC to learn more about next steps. DRC staff can help you submit additional information or supporting documentation for FEMA to continue to process your application and answer any questions you may have.

    FEMA staff assisting survivors on Oct. 7, 2024, at the Disaster Recovery Center in Damascus, Va. (FEMA photo by Nicholas Monteleone)

    FEMA has set up a rumor response webpage to clarify our role in the Helene response. Visit Hurricane Helene: Rumor Response.

    For more information on Virginia’s disaster recovery, visit vaemergency.gov, the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  

    ###

    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.

    To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.

    erika.osullivan

    MIL OSI USA News

  • MIL-Evening Report: Yes, nature is complex. But saving our precious environment means finding ways to measure it

    Source: The Conversation (Au and NZ) – By Brendan Wintle, Professor in Conservation Science, School of Ecosystem and Forest Science, The University of Melbourne

    Shutterstock

    Nature loss directly threatens half the global economy. The rapid destruction of biodiversity should alarm the many Australian businesses dependent on nature, such as those in agriculture, tourism, construction and food manufacturing. Yet nature considerations are often ignored in business decision-making.

    At the Global Nature Positive Summit in Sydney this week, scientists, politicians, conservationists and business leaders have gathered to discuss ways to help nature in Australia – not just by protecting it from damage, but improving it. Getting more businesses interested in – and taking positive action on – nature conservation is key to the talks.

    Reducing the environmental impact of a business first requires measuring that impact. It might seem an impossibly difficult task. After all, nature is a diverse and intricate web of connections. How can we capture that in a number?

    After all, nature is complex – but measuring how a business intersects with it need not be.

    Uncovering impacts on nature

    The fishing industry depends directly on stocks of wild fish. And a housing developer has a direct impact on nature if they clear natural vegetation to build a new suburb.

    Businesses interactions with nature can be indirect, too – for example, a margarine producer who uses canola oil from a grower who depends on bees for pollination. Builders might indirectly harm rainforests in Indonesia by buying timber grown there. A superannuation company investing in that developer is also having an indirect negative impact.

    From next year, Australian companies will be required to measure and report their climate impacts. While businesses are not yet required to disclose their impacts on nature more broadly, many are moving in that direction – both in Australia and globally.

    For example in 2022, more than 400 of the world’s largest corporations called for mandatory disclosure of nature impacts. They included Nestlé, Rio Tinto, L’Oréal, Sony and Volvo. And many early-adopter businesses have begun voluntary disclosures.

    Guidelines are available to help businesses understand and measure their impacts, however progress is slow. This is partly due to a perception from business that the task is too complex.

    Nature assessment is challenging. Unlike identifying a company’s contributions to climate change – by measuring tonnes of greenhouse gas emissions – there is no agreed single measure of impacts on nature.

    What’s more, different people ascribe different values to aspects of nature. Rightly or wrongly, for instance, most people would probably value a koala over a mosquito.

    What do you value more – a koala or a mosquito?
    Shutterstock

    Drawing on the expertise of ecologists

    Despite the difficulties, gauging the extent to which a business affects the environment can be done. Essentially, it involves three steps:

    1. understanding how a business broadly intersects with nature

    2. evaluating how specific business activities intersect with and put pressure on nature

    3. measuring and reporting the degree to which specific activities are impacting on the condition of nature. In other words, is the state of animals, plants and ecosystems improving or worsening?

    Online tools such as ENCORE can get businesses started on the first step – understanding a business’ broad impacts and dependency on nature.

    Many businesses are moving to the second stage – evaluating the specific business activities that put pressure on the environment, and determining the extent to which businesses depend on particular services ecosystems provide.

    The pressure a business places on nature can be measured via specific metrics, such as the amount of water consumed, air pollutants emitted, waste generated or area of land changed. Again, a suite of online tools and metrics can help with this.

    The next step is more complicated, yet essential. It requires businesses directly measuring their impacts on specific animals, plants and ecosystems. For this, we can turn to the expertise of ecologists.

    Individuals of a species can be hard to count, and extinction risk can be hard to measure. So ecologists often describe and monitor a species’ habitat – the environments in which a species can survive and reproduce – as a proxy for the fate of the species itself.

    Ecosystems – such as a rainforest, wetland or desert – can be described as being in good or poor condition. The rating depends on whether all the ecosystem’s plants, animals and other components are present, or whether unwanted components, such as weeds or invasive species, are found there.

    A graphic showing how ecologists measure the state of nature.
    TNFD

    In addition, maps, showing ecosystem condition and extent are available for much of Australia.

    Habitat mapping is also available for most threatened animals and plants, and thousands of other species. And mapping exists for World Heritage areas, important wetlands, national parks, Indigenous Protected Areas and other environment types.

    These resources are not difficult or expensive to access, and people and organisations with the skills to interpret and use such data are becoming more common.

    Some businesses are attempting these measurements. For example, plantation forestry company Forico last year prepared a natural capital report on a range of nature metrics, including the extent of species habitats, and assessment of vegetation condition.

    But many businesses are not yet grappling with this deeper nature analysis.

    This map, from ecosystem research organisation TERN, is one of many freely available to businesses seeking nature data.
    TERN

    Looking ahead

    We have the information and metrics to help businesses measure their impact on nature.

    Collaboration is urgently needed between business and nature experts, so the data available can be tailored to the needs of businesses, and presented in a form they can use.

    Governments can support this – for example by establishing accessible and practical online data platforms, and funding training for more nature experts who understand business.

    A new federal government agency, Environment Information Australia, will also hopefully become an important hub for data and information.

    By measuring what might seem immeasurable, businesses can become part of the solution to the nature crisis. There is cause for optimism – but no time to waste.

    Brendan Wintle has received funding from The Australian Research Council, the Victorian government, the NSW government, the Queensland government, the Commonwealth National Environmental Science Program, the Ian Potter Foundation, the Hermon Slade Foundation and the Australian Conservation Foundation. Wintle is a Board Director of Zoos Victoria and a lead councillor of the Biodiversity Council.

    Sarah Bekessy receives funding from the Australian Research Council, the National Health and Medical Research Council, the Ian Potter Foundation and the European Commission. She is a Lead Councillor with The Biodiversity Council, a board member of Bush Heritage Australia, a member of the WWF Eminent Scientists Group and an advisor to ELM Responsible Investment, the Living Building Challenge and Wood for Good.

    Simon O’Connor is affiliated with the Australian government as a member of the Minister for Environment and Water’s Nature Finance Council, and previously oversaw the national consultation group for the Taskforce on Nature-related Financial Disclosures

    William Geary receives funding from the Victorian government and is associated with the Victorian Department of Energy, Environment and Climate Action.

    ref. Yes, nature is complex. But saving our precious environment means finding ways to measure it – https://theconversation.com/yes-nature-is-complex-but-saving-our-precious-environment-means-finding-ways-to-measure-it-240583

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Mainland, HK agree to promote services trade

    Source: China State Council Information Office

    The Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) have agreed to build closer ties in services trade, China’s Ministry of Commerce said Wednesday.

    Li Yongsha, an official with the ministry, and Paul Chan, financial secretary of the HKSAR government, signed a document on amending the service trade agreement under the Closer Economic Partnership Arrangement (CEPA) in Hong Kong on Wednesday.

    The agreement will take effect from the date of signing and will be officially implemented as of March 1, 2025.

    According to the amendment, thresholds of market access for Hong Kong service providers in fields including finance, telecommunications, architecture and tourism, will be further lowered or removed.

    Signed between the mainland and Hong Kong in 2003, the CEPA has significantly facilitated trade liberalization in both goods and services.

    The amendment is an important measure to improve the mechanism for Hong Kong to play a better role in China’s opening-up, said the ministry, adding that it is the second time the CEPA service trade agreement has been amended, the first time being in 2019. 

    MIL OSI China News

  • MIL-OSI New Zealand: Minister to co-chair carbon market negotiations at COP29

    Source: New Zealand Government

    Climate Change Minister Simon Watts will chair negotiations on carbon markets at this year’s United Nations Climate Change Conference (COP29) alongside Singapore’s Minister for Sustainability and Environment, Grace Fu.

    “Climate change is a global challenge, and it’s important for countries to be enabled to work together and support each other in the transition to a low emission, net zero future,” Mr Watts says.

    “To support cooperation and unlock financial investment, Minister Fu and I have been asked to co-chair negotiations that will finalise details for how countries can cooperate on carbon markets under the Paris Agreement. Having credible, high integrity, and transparent carbon markets are good for countries, consumers, and the climate as they encourage direct investment towards reducing emissions.

    “It is an honour to be selected as one of the eight Ministerial representatives from among 195 countries to chair these negotiations. It recognises New Zealand and Singapore’s expertise in carbon markets and emissions pricing mechanisms, and the Government’s work to restore credibility in our domestic carbon market, the Emissions Trading Scheme.”

    The UN Climate Change system drives global action to reduce the impacts of climate change through the implementation of the Paris Agreement. These meetings also allow businesses and civil society to engage on climate solutions and navigating the economic transition.

    COP29 will be held in Baku, Azerbaijan from 11-22 November 2024. Ministers Watts and Fu will engage with their counterparts in preparation for the meeting to ensure smooth negotiations.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Workplace Health – 4 in 5 workers say they feel burnout, but many don’t admit their struggle to their boss

    Source: Robert Half

    • 81% of New Zealand workers say they feel burnt out, with heavy workloads (59%) and an insufficient number of staff (31%) being the top two contributors

    • 24% of workers who say they feel burnout have not expressed their feelings to their manager

    • 76% state their managers are aware of their feelings of burnout and are handling it by encouraging time off (24%), delegating some responsibilities to other team members (19%), and helping to prioritise projects (18%)

    • 10% say their managers are not taking steps to alleviate their feelings of burnout.

    Auckland, 10 October 2024 – On World Mental Health Day, new independent research by specialised recruiter Robert Half finds that the overwhelming majority (81%) of New Zealand workers say they feel burnt out at work, but 24% are not upfront with their manager about it.

    When asked whether they feel burnt out, defined in the research as a state of emotional, physical and mental exhaustion caused by prolonged or excessive workplace stress, four in five workers (81%) say they feel “a little burnt out” (60%), “very burnt out” (16%) or “completely burnt out” (5%).

    With 89%, Gen X feels the most burnt out, compared with 86% of Gen Z, 79% of Millennials and 69% of Baby Boomers.

    “Burnout is reaching alarming levels in the Kiwi workforce,” says Ronil Singh, Director at Robert Half.

    “Despite New Zealand being known for boasting healthy work-life balance, the past year has seen a surge in stress, exhaustion and disengagement among employees. A combination of factors, including companies operating with minimal staff, the pandemic’s lingering effects, economic instability and pervasive job insecurity have all contributed to this uptick.”

    The reasons why workers are burnt out

    When asked about what is contributing the most to their feelings of burnout, workers identified their work conditions are playing a larger role than the workplace’s culture or challenges that come with the return to the office:

    • Heavy workloads 59%

    • An insufficient number of staff 31%

    • The commute to the office 29%

    • A lack of communication and support from my manager 22%

    • A toxic organisational culture 21%.

    “The constant pressure to perform, the erosion of work-life balance and fears about job security are leaving many employees feeling overwhelmed and stressed,” Singh says. “Burnout is not a sign of weakness. It’s a signal that something needs to change in the workplace. A healthier and more sustainable workplace can be achieved through a joint effort between employers and employees, built on open communication and mutual support.”

    How managers are addressing staff burnout

    The majority (76%) of affected workers say they have approached their manager to reveal they feel burnt out and have received support to alleviate their symptoms. 

    The most common steps managers have taken are:
    • Providing encouragement for staff to take time off 24%

    • Delegating some responsibilities to other team members 19%

    • Helping to prioritise projects 18%

    • Providing greater scheduling and workplace flexibility 17%.

    For 10% of workers, however, their manager has not taken any steps to address burnout despite being made aware. Meanwhile, almost a quarter (24%) of workers have not made their manager aware of their feelings.

    “Employees must recognise the signs and communicate their struggles to their managers for burnout to be properly addressed,” Singh says. “Ignoring it can lead to decreased productivity, increased absenteeism and even long-term health problems. Speaking up allows employees to advocate for themselves and work with their managers to find solutions that address their specific needs and challenges.

    “At the same time, it is on managers to create a supportive and empathetic work environment where employees feel comfortable sharing their concerns. Regular check-ins and open communication channels can help reduce stress and promote work-life balance,” concluded Singh.

    Notes

    About the research

    The study is developed by Robert Half and was conducted online in June 2024 by an independent research company, surveying 501 full-time office workers across New Zealand. This survey is part of the international workplace survey, a questionnaire about job trends, talent management and trends in the workplace.

    About Robert Half

    Robert Half is the global, specialised talent solutions provider that helps employers find their next great hire and jobseekers uncover their next opportunity. Robert Half offers both contract and permanent placement services, and is the parent company of Protiviti, a global consulting firm. Robert Half New Zealand has an office in Auckland. More information on roberthalf.com/nz.

    MIL OSI New Zealand News

  • MIL-OSI Australia: UniSA appoints new Director of Defence and Space

    Source: University of South Australia

    10 October 2024

    The University of South Australia has appointed Ryan McClenaghan as its new Director of Defence and Space, responsible for steering research and education across the sector at a pivotal time in the nation’s defence history.

    McClenaghan has made a substantial impact in his most recent role as Director, Defence and National Security at Fleet Space Technologies, one of Australia’s leading satellite companies with a global presence. During his three-year tenure at Fleet, McClenaghan secured millions of dollars in defence contracts.

    At UniSA, he will draw on his extensive international experience with defence companies, particularly in the United States and United Kingdom, including working across the AUKUS partnership with government and industry.

    Originally from Belfast, Northern Ireland, McClenaghan moved to Australia in 2006, co-founding two start-up companies and working in various roles in the intervening years, including with the Australian Industry Group and Micro-X, an award-winning ASX-listed x-ray technology company.

    Announcing the appointment, UniSA Director: Enterprise Partnerships, Peter Stevens, says McClenaghan will strengthen the University’s defence and space footprint with industry and governments in Australia and worldwide.

    “South Australia is at the forefront of Australia’s space and defence sector, responsible for delivering a $368 billion nuclear submarine construction project for the AUKUS alliance, hosting the Australian Space Agency, and supporting more than 100 space-related companies,” Stevens says.

    “Academia, industry and government need to work hand-in-hand to ensure the sector thrives, highlighting the importance of this appointment. Ryan and his experienced team will work closely to bridge the gap between innovation and operational efficiency as well as collaborating to develop the skills required to deliver on our commitments.”

    UniSA has bolstered its sector credentials in recent years with programs like the Global Executive MBA in Defence and Space, software degree apprenticeships with BAE Systems and ASC, the Venture Catalyst Space program and the Southern Hemisphere Space Studies Program.

    “All these underpin our strengths in research and collaboration in areas such as the SmartSat CRC and iLAuNCH Trailblazer program, which will be amplified by the creation of Adelaide University in 2026, bringing together the State’s two biggest universities,” Stevens says.

    Excited by the challenge, McClenaghan says he is looking forward to leading UniSA’s defence and space strategy at such a critical time.

    “As Australia seeks to grow its sovereign defence and capabilities, and Adelaide University is created, it is more important than ever that we align research with industry engagement and technology transfer and support the skills required for the future,” McClenaghan says.

    He will commence his new role on Monday 14 October.

    …………………………………………………………………………………………………………………………

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News

  • MIL-Evening Report: Being on TikTok is a modern political necessity. Look no further than Peter Dutton

    Source: The Conversation (Au and NZ) – By Susan Grantham, Lecturer in Communication, Griffith University

    TikTok

    Opposition Leader Peter Dutton’s recent decision to join TikTok marks a big shift in his approach to political campaigning. He previously criticised the platform over security concerns, but now he is embracing it.

    Dutton’s reversal reflects a broader trend of Australian politicians using the platform. This is especially the case in 2024, a year marked by pivotal elections worldwide.

    TikTok offers a unique form of engagement and allows politicians to reach a wide range of voters in ways traditional platforms don’t.

    Dutton’s conservative first post does contrast with TikTok’s casual and engaging style, but signals a willingness to adapt to modern political communication. While his initial concerns about TikTok’s data privacy remain valid, his shift to actively using the platform emphasises its importance in political campaigns today.

    TikTok’s rise as a political tool

    The political landscape is changing. Politicians worldwide who once criticised TikTok are now joining it.

    This shift not only marks evolving campaign strategies but also raises broader questions about the role of social media in democracy.

    Major political figures, such as US presidential candidates Kamala Harris and Donald Trump, continue to use TikTok despite proposed bans in the United States. These bans are currently being contested in court, but are due to commence in January 2025.

    The continued use of TikTok by both candidates underlines the platform’s undeniable significance in shaping political communication.

    TikTok’s popularity stems from its ability to deliver accessible and engaging content. Voters are drawn to TikTok as a source of political news and information because of its easy-to-consume format.

    TikTok allows politicians to bypass the formalities of traditional political communication and present their messages in a relatable way.

    For instance, Senator Fatima Payman’s viral “skibidi” speech is a clear example of how effectively TikTok can amplify political content. She delivered this speech in the Australian Senate, using only TikTok slang.

    It resonated with a younger demographic, and so far has more than eight million views.

    As a result, her account now has more than 100,000 followers and continues to receive significant views on all posts.

    However, when leaning into slang, trends and other visibility strategies, politician walk a fine line where content could be considered “cringe”. This cringe factor can arise if the trend being used is losing relevance or when the content seems out of place or forced (Dutton himself copped some flack for belatedly jumping on the “demure” trend).

    The role of authenticity

    One of the key factors behind successful political engagement on TikTok is authenticity. The platform thrives on genuine, relatable content. Politicians who can showcase a more human side tend to resonate with voters.

    Payman’s use of TikTok slang in her speech connected her with younger audiences, demonstrating the power of speaking the language of the platform’s primary users. Authenticity plays a significant role in TikTok’s algorithm, making it essential for politicians to come across as sincere.

    Because TikTok’s advertising policy bans political ads, politicians must rely on organic content to engage users. Authenticity is therefore an entry requirement.

    Dutton’s presence on TikTok will be closely scrutinised to see how he balances the platform’s demand for authenticity with his public persona. Voters are more likely to engage with politicians they find relatable, so Dutton’s ability to reveal his “ordinary” side without making people cringe may determine how well he is received on TikTok.

    Electioneering on TikTok

    TikTok’s impact on elections has already been demonstrated in several countries.

    In the 2022 Australian federal election, the Labor Party’s use of the app was linked to its success. UK Labour’s similar strategy in 2024 mirrored this result.

    Elections are won and lost for many reasons. There is also no direct data linking TikTok content to voter decisions. But there is a clear correlation between effective use of the platform and electoral victories.

    As Australia approaches its next federal election, TikTok will play a central role in how parties reach voters. For politicians like Dutton, mastering the balance between authenticity and policy will be key to successfully engaging and informing voters on this rapidly evolving platform.

    Challenges ahead

    TikTok’s short video format poses a challenge for conveying complex policy ideas, often leading to oversimplification. Politicians like Dutton must find ways to deepen engagement outside the platform to ensure voters understand their positions.

    Another challenge is the legal issues TikTok faces, particularly in the US. If the platform is banned or restricted in what is a major market, it could affect its use globally, including in Australia. This could disrupt political outreach and engagement strategies, particularly for those who have cultivated a strong presence.

    Dutton’s engagement with TikTok may also spark debate about balancing the benefits of reaching voters through a platform with concerns about data security and misinformation.

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

    ref. Being on TikTok is a modern political necessity. Look no further than Peter Dutton – https://theconversation.com/being-on-tiktok-is-a-modern-political-necessity-look-no-further-than-peter-dutton-240009

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: The Keg Royalties Income Fund announces October 2024 cash distribution

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its October 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at October 21, 2024. The October 2024 distribution will be paid on October 31, 2024.

    The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.

    With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million, Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2024” survey, securing thirteenth place in the overall ranking across all industries in the country.

    The MIL Network

  • MIL-OSI USA: SBA Shatters $500 Million Mark in Texas Disaster Relief Loans

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, announced today that SBA has approved more than $500 million in federal disaster loans for Texas businesses and residents impacted by recent disaster declarations. According to Sánchez, SBA has approved $140,398,750 for businesses and $364,812,900 for residents to help rebuild and recover from these disasters.

    “SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Sánchez. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” he added.

    SBA continues to provide one-on-one assistance to disaster loan applicants in all the federal-state Disaster Recovery Centers and SBA Business Recovery Centers located throughout Texas. Please see a complete listing of locations and hours at SBA.gov/disaster.

    Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez continued. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

    Disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

    Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.688 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    For SBA declaration 20320 for severe storms, straight-line winds, tornadoes and flooding that occurred April 26–June 5, 2024, the deadline to apply for a loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until Feb. 18, 2025, to apply for an economic injury disaster loan to help meet working capital needs caused by the disaster. Economic injury loan assistance is available regardless of whether the business suffered any property damage.

    For SBA declaration 20445 for Hurricane Beryl that occurred July 5-9, the deadline to apply for property damage is Oct. 10, 2024. The deadline to apply for economic injury is April 14, 2025.

    SBA will accept all disaster loan applications up to 60 days after the filing deadline without an explanation of why you were delayed. You can apply online using the MySBA portal at https://lending.sba.gov, or by coming into our centers.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit http://www.sba.gov.

    MIL OSI USA News

  • MIL-OSI New Zealand: Accounts show Government choosing pain over a plan

    Source: Council of Trade Unions – CTU

    “The Government accounts released today show that spending and debt continues to grow under the current Government, but there is no plan to deliver a better economy,” said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “Net Core Crown Debt increased by $20bn last year, with revenue from taxation also rising by $8bn. The OBEGAL deficit increased $3.4bn last year alone, to $12.9bn.

    Finance Minister Nicola Willis admitted, “The accounts show the corrosive impact of low growth and low productivity…and we are cutting back on the investments needed to lift both.” Yet there is no plan to solve this problem, Renney said.

    “The Government accounts showed our overreliance on income tax and GST taxes to balance the books. Source deductions from wages increased 10.1% during the last year. The GST take increased by 4.1%. But other sources of taxation have not increased at the same rate, or have fallen in the form of corporate taxation (-5.9%). We need a better conversation about how taxes are being levied and why.” Renney said.

    “Spending on welfare has increased by 8%, with Jobseeker Support expenses rising by 17%. Welfare payments would be higher if the one-off $600m cost-of-living support is removed. Unemployment is expected to rise significantly in the future, meaning that welfare expenses will be higher in the future.”

    Renney said “The Government has provisioned $500m for the Cook Straight Ferry (iREX) Costs, which is only the cost of the works abandoned to date. This doesn’t include the cost of cancelling the ferry contract, nor the cost of purchasing the replacement ferries necessary. The Government is likely facing a $bn bill for that decision alone.”

    “The Minister signalled new cuts in her speech at the event, while requiring new economic growth to deliver on their financial aspirations. Yet decisions like iREX show that the Government has no means of delivering sustainable growth. Health New Zealand is looking for $2bn in savings right now, yet the Government is looking for further savings in spending on top.”

    “The Government’s fiscal strategy needs to change. Government debt is low by international standards, and there is no shortage of projects to invest in. These would improve employment and economic outcomes – both of which will benefit working people. Yet the Government is wedded to plan that will see unemployment rise, and investment fall. It’s time for a better plan.” Renney said.

    MIL OSI New Zealand News

  • MIL-OSI Australia: Arrests – Unlawful entries – Pinelands

    Source: Northern Territory Police and Fire Services

    Northern Territory Police are investigating after a series of unlawful entry and trespass incidents occurred in Pinelands on Wednesday morning.

    Between, 5am and 7:30am, police received reports of multiple offences being committed throughout the Pinelands industrial area.

    A business owner located a 10-year-old believed to be involved in the alleged offending and transported him to Palmerston Police Station.

    One adult male, believed to be the father of the youth, fled the scene in the company of another woman.

    The 10-year-old was released into the care of a responsible adult and a referral has since been made to Territory Families.

    Earlier this morning Strike Force Trident arrested a 37-year-old male and a 27-year-old female.

    Both remain in custody and are expected to be charged later today.

    Strike Force Trident urge anyone with information about the incidents to contact police on 131 444.

    MIL OSI News

  • MIL-OSI China: Xinjiang’s protection of blue skies shows China’s determination to air pollution control

    Source: People’s Republic of China – State Council News

    Xinjiang’s protection of blue skies shows China’s determination to air pollution control

    URUMQI, Oct. 9 — Zhang Xin still remembers the complaints she saw on social media some years ago: “In winter, you can’t see the sun clearly in the city of Urumqi,” and “The snow is all black.”

    Zhang, who works in the ecology and environment bureau of Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, has participate in the air pollution prevention and control work for a long time.

    Urumqi is among an economically vibrant urban cluster located on the northern slope of the Tianshan Mountains, which also contains parts of Changji Hui Autonomous Prefecture and the cities of Wujiaqu and Shihezi. The urban cluster is collectively referred to as the Wu-Chang-Shi area by locals.

    For a long time, Wu-Chang-Shi has been a key and challenging area for air pollution prevention and control in Xinjiang due to its heavy industrial and coal-dominated energy structure.

    However, 2023 was the year with the most significant improvement in air quality in the past decade for the urban cluster, thanks to the concerted and unremitting efforts made by the local ecology and environment authorities, enterprises and scientists.

    An aerial panoramic drone photo taken on May 9, 2024 shows a city view of Wujiaqu, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    The transformation of Wu-Chang-Shi is a microcosm of China’s air pollution control efforts. Following the introduction of an action plan to prevent and control air pollution in 2013, China became the first developing country in the world to impose large-scale efforts to reduce PM2.5 density.

    China has announced that it will peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

    IMPROVED AIR QUALITY

    Years ago, the Chinese government began publishing air quality rankings in major cities, and the cities in Wu-Chang-Shi, such as Urumqi, often ranked at the bottom of the list.

    “Surrounded by mountains on three sides, Urumqi has poor conditions for diffusion in both horizontal and vertical directions. According to an assessment, Urumqi’s self-purification capacity in winter is only one-tenth of that in summer,” said Zhang.

    In winter, when temperatures often drop to minus 20 to 30 degrees Celsius, residents in Urumqi relied heavily on coal-fired heating, which led to more pollutant emissions.

    Zhang said that with the central government funding, Urumqi has initiated projects, such as clean-energy heating. “The city has begun to improve its heating structure, from centralized heating and cogeneration to clean heating for all bulk coal users, which is a particularly effective experience in air pollution control,” she added.

    In 2012, the central urban area of Urumqi completed the transformation from coal to gas for large-scale coal-fired heating boilers. In October 2023, the city completed the treatment of the remaining villages and households in rural areas that were using bulk coal for heating, making it among the first cities in China to achieve full coverage of clean-energy heating.

    An aerial drone photo taken on April 25, 2024 shows a wind farm in Dabancheng District of Urumqi, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    From Oct. 10, 2023 to April 10, 2024, Urumqi boasted 144 days of good air quality, an increase of 33 days year on year. The average concentrations of six major air pollutants, including PM2.5, decreased by 8.8 percent to 22.7 percent, reaching the best level since the monitoring began.

    Social media, which acts as an unofficial “air quality monitoring station,” also reflects the effectiveness of air pollution control measures.

    In recent years, Zhang noticed some positive changes on social media — residents in Urumqi often post photos and videos of the blue skies of the city.

    KEY INDUSTRIES, TARGETED MEASURES

    Located in the city of Shihezi in the Wu-Chang-Shi area, Tianwei Cement Co., Ltd. is a major cement-producing company in the city.

    China is among the world’s largest producers and consumers of cement. However, due to factors such as large emissions during production, the cement industry is also a major contributor to carbon emissions.

    In 2023, the regional government of Xinjiang proposed to spend three to five years to completely solve the air pollution problem in Wu-Chang-Shi. Various departments have implemented pollution control measures in key enterprises in the area.

    Tianwei Cement is among the 135 industrial enterprises in Wu-Chang-Shi that have been given priority treatment, which altogether accounts for more than 92 percent of the total pollutant emissions in the area.

    According to the ecology and environment bureau of Shihezi, in terms of the comprehensive management of air pollution, the city has implemented a performance-based grading system of key industries to cope with heavy-pollution weather, in sync with other regions across China.

    This photo taken on Aug. 22, 2023 shows a photovoltaic project in Shihezi City, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    The four-tier grading system, involving 39 key industries including steel and chemicals, is a measure to implement differentiated control in response to heavy-pollution weather, with A representing the highest and D the lowest. When heavy-pollution weather occurs, Class-A enterprises can take measures independently based on their actual situations to reduce emissions without stopping or limiting production.

    To attain the Class-A rating as quickly as possible, Tianwei Cement has collaborated with the city’s ecology and environment bureau to develop a tailored pollution control plan. Measures have been taken during various processes of production, including the installment of dust-reduction devices in its warehouses.

    Last year, the company obtained the Class-A rating after completing the ultra-low emission transformations. Thanks to the upgrades, the company made a profit of over 80 million yuan (about 11.34 million U.S. dollars) in 2023.

    Meanwhile, Shihezi’s air quality in 2023 reached the best level since 2017, data shows.

    BUILDING TALENT BASE

    Sitting in an office of the air-pollution prevention and control center of Changji, Ma Tong can oversee the pollutant emissions in the entire prefecture in real time through a large screen, which displays data and charts, such as the forecast and dynamic control of heavy-pollution weather. However, she still worries.

    “A lot of data has been integrated into the platform, but the problem is how to effectively utilize it. We lack skilled personnel who can use the platform and information equipment,” she said.

    This photo taken on May 20, 2024 shows staff members working at an office of the air-pollution prevention and control center in Changji Hui Autonomous Prefecture, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    Ma is an expert from the Chinese Research Academy of Environmental Sciences. Five years ago, she came to Xinjiang to provide intellectual support for local air pollution control. “Changji is already at the forefront of Xinjiang in terms of air-pollution treatment through sci-tech means, but compared with the whole country, the prefecture lacks equipment and talent,” said Ma.

    Since last year, the regional government of Xinjiang has pooled 10 billion yuan in funding to establish the Xinjiang talent development fund, which is used to introduce talent from other parts of China, among other objectives.

    In early 2024, the Urumqi-based Xinjiang University introduced Huang Haibao, an air-pollution control expert from Sun Yat-sen University in south China’s Guangdong Province.

    “In addition to cultivating talent ourselves, we have also introduced a group of scholars from universities including Beijing University of Chemical Technology,” said Huang.

    Within six months, Huang and his colleagues have established the air pollution control and research center at the university. He is working to establish the Xinjiang environmental science society, which will serve as a gathering place for the top scientific research talent in Xinjiang and a platform for international cooperation and exchange.

    He also stresses the importance of collaboration between academia and industry. “Ultimately, emission reduction needs to be implemented at the enterprise level,” he said, adding that his team has visited over 10 companies to strengthen cooperation in terms of technology and scientific research.

    “We will try to bring in the technologies, talent and companies from across the country to contribute to air pollution prevention and control work in Xinjiang,” he said.

    MIL OSI China News

  • MIL-OSI USA: Grassley, Colleagues Push DOJ to Investigate Requirements for Hamas-Linked Campus Orgs to Register as Foreign Agents

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley, a senior member and former chairman of the Senate Judiciary Committee, wrote the Justice Department (DOJ) and FBI regarding Foreign Agents Registration Act (FARA) enforcement, raising concerns Hamas-linked entities are escaping FARA scrutiny as they seek to shape U.S. public opinion and policy outcomes through partnerships with campus organizations. Joining Grassley on the effort are Sens. Joni Ernst (R-Iowa), Ted Cruz (R-Texas) and Tim Scott (R-S.C.).

    The senators’ inquiry hones in on the National Students for Justice in Palestine (NSJP) – which received backing from an organization whose associated entities the U.S. government has implicated for financing Hamas – and the hundreds of Students for Justice in Palestine (SJP) chapters NSJP claims to support across the U.S. Their letter reads, in part:

    “It is incumbent upon all of us crack down on hidden foreign influence. […] The introduction of hostile foreign adversaries into domestic political discussion is especially of issue when it is fueling an alarming rise in antisemitism and anti-Israel sentiment. The public reporting appears to indicate that NSJP and related chapters may fit into the FARA definition of ‘publicity agent,’ at minimum, and its conduct, among other activity, may constitute a public relations effort designed to impact U.S. public opinion in favor of a foreign principal, which would meet FARA’s definition of political activities.

    “Taken as a whole, these actions require further investigation from DOJ and the FBI to fully determine whether NSJP and SJP chapters should register as foreign agents under FARA and the extent of Hamas and Iran’s potential involvement.”

    Grassley and his colleagues cite numerous examples that signal NSJP and SJP chapters may have an obligation to register as agents under FARA. Several follow.

    • Federal court filings from state Attorneys General assert NSJP’s material support to Hamas.
    • Dozens of SJP chapters echoed NSJP’s social media messages lauding Hamas’ brutal October 7, 2023, attack on Israel; some “[praised] the creativity” of Hamas’ surprise attacks on Israeli civilians.
    • NSJP urged SJP chapters in the U.S. to publicly facilitate and join “armed struggles, general strikes and popular demonstrations.”
    • NSJP launched a campaign against U.S. college administrators, pushing for divestments in Israel-connected assets.
    • NSJP held a summer 2024 program for SJP participants to “deepen our understanding of our current political moment […] with the aim entrenching the frameworks necessary to sustain and grow the Student Intifada.”
    • NSJP has stated it “aim[s] to develop a student movement that is connected, disciplined, and equipped” with tools toward fulfilling its mission.

    Considering this evidence and more, the senators are asking DOJ and FBI pointed questions about the steps they have taken to assess NSJP and SJP’s potential requirement to register as foreign agents.

    Read the full letter HERE.

    Background:

    Congress passed FARA in 1938 to identify Nazi propaganda and other foreign efforts to sway U.S. policy and public opinion. The content-neutral law was designed not to prohibit activity, but rather, to ensure certain individuals who act as agents of a foreign government or enterprise register with DOJ.

    Grassley previously pressed for FARA enforcement as Confucius Institutes cropped up on college campuses, working to combat Chinese Communist Party influence in the U.S. education system. He has probed potential FARA violations in recent Congresses, including by Qatari media network Al Jazeera, a Ukrainian operative who consulted for the Democrat National Committee and a Russian lobbyist who attended a meeting with Donald Trump, Jr. Grassley questioned the Biden family’s FARA compliance amid business dealings with a Chinese energy company and sought answers upon learning the top lobbying firm for Ukrainian energy company Burisma filed incomplete disclosures. A longtime advocate of enforcing FARA to the fullest extent, he is leading congressional oversight and legislative reforms to further strengthen the law.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Cassidy Hosts Rural Community Summit in Leesville

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    ALEXANDRIA – This morning, U.S. Senator Bill Cassidy, M.D. (R-LA) hosted his third Rural Community Funding Summit of 2024, where he continued to connect local officials for towns and villages in central Louisiana with representatives of federal and state agencies that can distribute funds from his Infrastructure Investment and Jobs Act (IIJA).

    “My goal in working on the Bipartisan Infrastructure Bill was to bring opportunity to Louisiana to rebuild our infrastructure. My goal for the summit is to connect public officials in Rapides, Vernon, Beauregard, and throughout Cenla with these opportunities,” said Dr. Cassidy. “It was good to see these officials eager to bring resources to their communities.”
    In addition to the authorization of the I-14 corridor going through Leesville, communities throughout the parish have benefitted from the IIJA, including in Vernon Parish. There are millions of dollars to improve roads and build roundabouts, $1.3 million was awarded to the East Central Vernon Water System from the Drinking Water State Revolving Fund, an example of how the IIJA can be used to improve drinking water. Over $300,000 was also awarded to the Leesville City Airport.
    Other awards in the region include $15 million for the J. Bennett Johnston Waterway, over $11 million to extend CC Bel Road in the form of a RAISE grant, and over $9.8 million to replace school buses in Rapides Parish. Money has also been awarded in the region to improve roads and replace old natural gas pipes.
    Cassidy was welcomed to Leesville and thanked for his leadership in a statement by Mayor Rick Allen.
    “Thanks to Senator Cassidy’s infrastructure bill, money has already been delivered to upgrade key roads and the Leesville City Airport,” said Mayor Allen. “We are keen to learn what else the bill can do to strengthen our communities, and we appreciate the Senator connecting us to its opportunities, as well as his support for our troops at Fort Johnson and those who support them.”

    MIL OSI USA News

  • MIL-OSI China: China’s central bank launches swap facility

    Source: China State Council Information Office

    China’s central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for “the healthy and stable development of the capital market.”

    The SFISF will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds and central bank bills, the People’s Bank of China said in a statement.

    The scale of the SFISF could be expanded depending on the development of the situation, according to the central bank.

    Starting Thursday, applications from eligible securities, funds and insurance companies will be accepted.

    MIL OSI China News

  • MIL-OSI China: Growth target within reach despite challenges

    Source: China State Council Information Office

    A worker is pictured at the production line of a textile company in Jimo district of Qingdao city, East China’s Shandong province, Oct 7, 2024. [Photo/Xinhua]

    China will likely hit this year’s annual growth target of around 5 percent with a projected pickup in fourth-quarter GDP growth, given the recently unveiled, bolder than expected stimulus policy measures and forthcoming incremental policies, economists said.

    They also said that the weaker than expected economic indicators in recent months point to persistent challenges stemming from sluggish domestic demand, prompting calls for intensified policy support to sustain growth. The key focus should be expanding effective investment, boosting consumption and stabilizing the real estate sector, they added.

    The economists’ comments came after Premier Li Qiang emphasized on Tuesday the need for faster and more effective implementation of economic policies to achieve China’s growth targets for the year, as authorities ramped up measures in recent days to further bolster the world’s second-largest economy.

    Speaking at a symposium with business leaders and economists, Li called for swift actions to put in place the newly rolled out policies, which are designed to stabilize growth and enhance support for businesses.

    Citing a package of incremental policies announced recently, Guo Liyan, deputy director of the Chinese Academy of Macroeconomic Research’s Economic Research Institute, said the move aims to address pressing challenges and pressures faced by the economy, which will significantly boost confidence among investors and consumers.

    “In fact, some economic indicators have shown fluctuations since the third quarter, and the economic contribution in the fourth quarter is significant for the entire year,” she said. “Implementing a package of incremental policies at this juncture is conducive to strengthening confidence for meeting the annual growth target.”

    To promote closer monetary and fiscal policy coordination, the People’s Bank of China, the country’s central bank, and the Ministry of Finance held their first joint working group meeting on the treasury bond trade, vowing to provide a conducive market environment for treasury bond trade operations, according to a statement released on Wednesday.

    In addition, as part of the country’s ongoing efforts to meet the annual growth target, the National Development and Reform Commission announced on Tuesday that the country will move ahead to this year part of the investment plans set for 2025.

    Raymond Ma, Invesco’s chief investment officer for the Chinese mainland and Hong Kong, said: “We believe that the NDRC’s further confirmation, together with the recently announced supportive monetary and fiscal policies, will bolster the economy. This reinforces our long-term positive outlook on Chinese equities.”

    After a strong rally following stimulus announcements by Chinese authorities, Chinese stocks dropped on Wednesday as the market eagerly awaited bolder moves to revive the economy, with the benchmark Shanghai Composite Index slumping 6.62 percent to close at 3,258.86 points.

    “While achieving the around 5 percent annual growth target may be challenging, the government’s newly announced policies are expected to provide substantial stimulation for the economy in 2024 and beyond,” Zhu Baoliang, former chief economist of the State Information Center, said, adding that the nation can meet its annual growth target this year.

    Du Yue, an associate researcher at the investment research institute of the NDRC, said that to coordinate macro policies for this year and next to ensure steady growth, it is important to optimize and implement policies aimed at spurring investment as soon as possible, including enlarging the support provided by local government special bonds.

    Du said that the policy of moving to this year the allocation of 200 billion yuan ($28.3 billion) in investment plans and projects that were set for 2025 will help the country’s fixed-asset investment maintain reasonable growth while lifting market expectations.

    Zhang Ming, deputy director of the Institute of Finance and Banking, which is part of the Chinese Academy of Social Sciences, suggested at a recent forum establishing a national institution to manage the acquisition of existing commercial housing in lower-tier cities, which will help avoid the creation of new local government debt.

    MIL OSI China News

  • MIL-OSI China: China Post tops global postal operators by revenue, profits

    Source: China State Council Information Office

    Staff members distribute parcels at a distribution center of China Post Group Co., Ltd. in Shijiazhuang, north China’s Hebei Province, Jan. 21, 2023. [Photo/Xinhua]

    China Post ranked first among global postal operators by both revenue and profits in the 2024 Fortune Global 500 list, according to company sources on Wednesday.

    Liu Aili, chairman of China Post Group Corporation Limited, said that the company had continually strengthened its core competitiveness. China Post has established an extensive delivery network, operating 120,000 delivery trucks and 42 cargo aircraft.

    The state-owned postal service provider maintained stable operation in the first eight months of this year, with revenue of 472.17 billion yuan (66.9 billion U.S. dollars) and profits of 70.48 billion yuan, Liu said in a speech marking the 55th World Post Day, which falls on Wednesday.

    Looking ahead, the company will focus on further enhancing the rural delivery system, integrating local industries into larger economic networks and helping small agricultural producers reach national markets, Liu added.

    MIL OSI China News

  • MIL-OSI China: Beijing issues first catering business license to multitask cooking robot

    Source: China State Council Information Office

    Beijing recently issued the first catering business license to a type of robot, pioneering regulation of embodied intelligence application in the country’s catering industry amid rapid development in the sector.

    Unlike single-task robots, such as pancake-making or noodle-cooking machines, the embodied intelligence robots developed by EncoSmart Technology, a Beijing-based company, can cook different types of cuisine.

    The robots, which look like robotic arms, can also keep learning to create new menus and avoid safety risks based on the working environment.

    “Artificial intelligence is an inevitable trend in the food and beverage industry,” said Xia Pingping, head of the catering department of the Haidian District Market Regulation Bureau, which granted EncoSmart the city’s first food business license for its embodied intelligence robots.

    “Before issuing the license, we rigorously examined the product to ensure it complies with national food safety regulations. The robot design prioritizes safety, from hardware materials to software algorithms,” she said.

    Tian Yan, head of smart project development at EncoSmart, said: “We’ve already deployed our first-generation robot offering fried food in certain office buildings in Haidian. By the end of the year, we plan to expand the services to chain restaurants, rolling out robots capable of making ice cream, drinks and salads.”

    A report issued by the Beijing Municipal Commerce Bureau in April highlighted challenges in the local restaurant industry, including high rents, labor costs and ingredient prices, coupled with low profits.

    Tian said she believes that embodied intelligence technology can help reduce costs, streamline food processing, and meet consumer demand for precise and consistent flavors.

    “Our goal is to make consumer-grade robots more affordable and accessible,” she said. “Safety is the core. Our robots can learn through algorithms to improve heating efficiency in order to make the food more tasty. The sensors on robots can monitor the temperatures of oil in order to avoid any kitchen fire risks.”

    Chen Zhen, CEO of EncoSmart, said the company would tap the overseas market in the following two years, starting with two major robot products aimed at Western catering markets.

    “The overseas market has great opportunities, but it’s also pretty challenging,” he said. “It’s essential for us to obtain the product certifications and win the trust of the clients there.”

    To address new challenges facing food safety, the State Administration for Market Regulation revised the measures for the administration of food trade licensing, which now include provisions for automated food service devices. The measures took effect on Dec 1.

    Haidian district is leading AI-driven food safety regulation, setting standards for embodied AI in food processing, including basic safety, system design, food hygiene and operational norms, filling a regulatory gap in the AI-powered catering industry.

    AI food safety oversight differs from traditional restaurant regulation, said Duan Xing, head of the market regulation office in Haidian’s Huayuanlu subdistrict.

    “Our approach focuses on three areas, including process and equipment control to guarantee smooth operation, as well as data control to maintain traceability throughout,” Duan said.

    A report released at the 2024 Beijing Catering Brand Conference noted that 4,842 new restaurants were registered in the city in the first half of the year, with an average of 26.5 new restaurants opening daily. While overall restaurant consumption remains stable, the industry is undergoing rapid change, requiring businesses to enhance their resilience and quality.

    Wang Xinwei, deputy secretary-general of the Beijing Branch of the World Federation of Chinese Catering Industry, said, “The first embodied AI robot food business license signifies that this cutting-edge technology is quickly entering the food and beverage market, allowing for large-scale commercialization and reducing the complexity of recipe replication and chef hiring.”

    “While the spread of embodied AI robots may increase short-term employment pressure, in the long run, they will drive the restaurant industry toward greater intelligence, creating new jobs. The key is balancing technological progress with social responsibility to ensure harmonious economic and social development,” Wang said.

    MIL OSI China News

  • MIL-OSI Asia-Pac: EMSD announces test results of LPG quality in September 2024

    Source: Hong Kong Government special administrative region

    EMSD announces test results of LPG quality in September 2024
    EMSD announces test results of LPG quality in September 2024
    ************************************************************

         The Electrical and Mechanical Services Department (EMSD) today (October 10) announced that the department collected eight liquefied petroleum gas (LPG) samples from auto-LPG filling stations and LPG terminals on a random basis in September 2024 for laboratory tests. The results show that the LPG quality of all these samples complied with auto-LPG specifications.           The detailed test results are available on the EMSD’s website (www.emsd.gov.hk/en/gas_safety/lpg_vehicle_scheme/publications/general/results_of_lpg_sample_analysis/index.html). Enquiries can also be made to the EMSD’s hotline on 2333 3762.           In addition, the EMSD has been vetting independent third-party test reports submitted by LPG supply companies for each shipment to ensure that the quality of imported LPG complies with the specified requirements.

     
    Ends/Thursday, October 10, 2024Issued at HKT 10:45

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI China: China’s central bank launches swap facility to boost capital market development

    Source: People’s Republic of China – State Council News

    BEIJING, Oct. 10 — China’s central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for “the healthy and stable development of the capital market.”

    The SFISF will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds and central bank bills, the People’s Bank of China said in a statement.

    The scale of the SFISF could be expanded depending on the development of the situation, according to the central bank.

    Starting Thursday, applications from eligible securities, funds and insurance companies will be accepted.

    MIL OSI China News

  • MIL-OSI Banking: Huawei Austria Celebrates Five Years of TECH4ALL Nature Conservation at Biodiversity Forum

    Source: Huawei

    Headline: Huawei Austria Celebrates Five Years of TECH4ALL Nature Conservation at Biodiversity Forum

    [Vienna, Austria, October 10, 2024] Huawei hosted the Innovations for Biodiversity Forum this week to commemorate the fifth anniversary of Huawei’s TECH4ALL digital inclusion initiative and share insights into how technology is revolutionizing biodiversity protection.
    Launched in 2019 and aligned with the UN Sustainable Development Goals, TECH4ALL leverages technology and partnerships to create a positive impact in four domains: environment, education, health, and development. In the environment domain, Huawei TECH4ALL has run nature conservation projects in 53 protected areas with global and local partners in forest, wetland, and ocean ecosystems around the world.
    Media delegates at the TECH4ALL Innovations for Biodiversity Forum

    “Over the past five years, Huawei’s TECH4ALL program has demonstrated how technology can be a powerful force for good, addressing global challenges in environmental protection, education, and digital inclusion,” said Harvey Zhang, CEO of Huawei Austria.
    The Innovations for Biodiversity Forum focused on TECH4ALL nature conservation projects in Europe, including findings of biodiversity monitoring in the wetland ecosystem around Austria’s Lake Neusiedl.
    The quality of the reed bed habitats in this ecosystem is declining, negatively impacting amphibian species, mammals, and bird life. Since 2021, audio monitoring devices have collected more than 2 million individual audio files of 69 bird species.
    Wildlife in the reed beds of Lake Neusiedl in Austria

    This vast dataset will help develop a conservation management plan for the ecosystem, including controlled fire management to rejuvenate aging reed beds and strengthen overall biodiversity by understanding the habitat preferences of the individual species studied.
    “Hardly any reed harvesting has been done in recent decades, which has had a negative impact on the state of the reed belt. The study investigated whether targeted fires could have an effect similar to that of harvesting. To do this, areas that show different age conditions due to fires were compared,” said Dr. Christian Schulze from the Department of Biodiversity Research at the University of Vienna. “The research showed that older reed beds harbor the greatest diversity of bird species. However, the analysis of individual species also shows that controlled reed fires have positive aspects.”
    The forum explored a similar TECH4ALL monitoring project in Poland to build a more complete picture of biodiversity in the Białowieża National Park ecosystem, also with the aim of developing targeted conservation measures.
    Greek startup PROBOTEK introduced a forest fire-prevention solution that uses sensors, drones, AI, and 5G to detect and transmit real-time video-footage of fire risks, which are on the rise in parts of Europe due to climate change and rising temperatures. The project is designed to enable emergency response in the first ‘golden 15 minutes’ of a forest fire being detected, notify residents of evacuation routes, and plan routes for fire trucks and ambulances.
    The forum also looked at the success of an AI-based filtering system designed to protect Norway’s wild Atlantic salmon from possible extinction due to the invasive pink salmon species. The pilot project in 2023 successfully filtered out 6,000 invasive salmon, and expectations are high that the solution, the world’s first of its type, can be scaled out across Norway’s river systems.
    On day two of the forum, the media delegation in attendance visited Lake Neusiedl to learn how the TECH4ALL solution works in practice and the transformative effect that intelligent digital technologies can have on nature conservation.

    MIL OSI Global Banks

  • MIL-OSI USA: Remarks by President  Biden During a Call with Jewish Faith Leaders for High  Holidays

    US Senate News:

    Source: The White House
    2:59 P.M. EDT
    THE PRESIDENT:  Well, thank you very much, Rabbi, for that introduction.  And before I want to be- — before I begin, I want to say, we’re prepared for another hurricane hitting Florida, and that’s what I’ve been doing and why I had to p- — push back these — this sev- — several times.  And I apologize. 
    I directed my team to do everything we can to save lives and help communities before, during, and after the hurricane — the one that has just passed and this awful one that’s about to hit. 
    My most important message today is for those who are in impacted areas, please, please listen to your local authorities, follow all safety in- — instructions and evacuation orders.  This is serious — very serious. 
    But now to the events of the day.  You know, as the — my friends, the — the rabbis in Delaware who I’ve become friends with over the years, have been engaged with, can tell you, I was one of those lucky Christians who was raised by a — a Christian who was — he had — he understood what was going on. 
    My dad was what we — you’d call “a righteous Christian.”  My dad literally raised us to believe that we had to stand up for the — any community being persecuted, and he used to rage — he used to rage at dinner about why we didn’t bomb the railroad tracks in Auschwitz and why we didn’t — and this is the God’s truth, as the rabbis at home could tell you. 
    And he used to talk about how we wouldn’t let the — that one ship land and — and — with the Jewish refugees on it at the time, during — during the — Hitler’s era.  And, you know, he — he talked about how it was important for people to know what happened and not forget. 
    And one of the things that it taught me was that I — every one of my children and grandchildren, when they turned the age of 14, we put them on a plane and I flew them to Dachau, because I wanted them to see — want them to see that no one could pretend it wasn’t happening. 
    You go through — you walk through the gate, and you’ll be liberated.  Well, to stand — you see those beautiful homes along the outside of that gate, and you’ll know they had to know.  They had to know what was going on.  And — and I wanted them to understand.  I wanted them to see where the ovens were.  I wanted them to know what was going on and — because I wanted them to be aware — aware. 
    And I think one of the things that I’m about to talk about is — you know, the country has been sort of a — I don’t know how I could say it — has not paid nearly much attention to our hi- — the history that brought us —
    But when I went over shortly after the — the second, smaller holocaust, but even more vividly seen by the whole world on the 7th, it was — it was because I wanted to let the world know where I stood and where America stood.  And I saw the remnants of what had happened 10 days earlier.  I saw — and the — anyway, you all know; you understand it. 
    But now, this event today — I want to thank you for joining this call, and I apologize for having had to reschedule it. 
    You know, at my direction, last week, the United States military took unprecedented action again to actively assist the successful defense of Israel.  You’ve — you’ve heard me say before that I got very badly criticized as a young senator for saying, “I’m a Zionist.”  You don’t have to be a Jew to be a Zionist.  It’s not necessary. 
    And the idea — I firmly believe — without an Israel, every Jew in the world’s security is less stable.  I mean that.  It doesn’t mean that Jewish leadership doesn’t have to be more progressive than it is, but it does mean it has to exist, and that’s what worries me most about what’s going on now.
    You’ve heard me say before that my commitment to the safety of the Jewish people and the security of Israel as the right to exist is independent — independent of that — of everything else.  The Jewish state has to remain.  It has to remain — the ironclad commitment to it.
    In the last three years, it’s been the honor to do this High Holiday with all of you from the White House in a season of joy and a season of pain.  And that’s what we’ve been going through: a season of joy and pain.
    You know, you are the rock for your people.  I want to thank you for all you do every single day for your congregations, for your communities, for our country.
    You know, I know this year’s call is very different, and it’s a very — a difficult time for the Jewish community and for Jews around the world.  In the midst of the High Holidays, two days ago, we commemorated the first anniversary of October 7th, the deadliest day for Jewish people since the Holocaust.
    And a year later, with the trauma and the loss from that day and its aftermath, it’s still raw.  It’s hard to memorialize and mourn a tragedy that’s still ongoing.  Hostages still in captivity — some American Jews as well; loved ones still in harm’s way; survivors carrying wounds, seen and unseen, that never go away.  The families and friends left behind will never, never be the same. 
    I just spoke with Pres- — Prime Minister Netanyahu for about an hour this morning and offered my condolences on this somber one-year anniversary. 
    Throughout this year, my wife, Jill, and I, Kamala and Doug mourned along with all of you, including after the appalling execution of the six hostages, including America’s own Hersh Goldberg-Polin, a 24-year-old last week — who just turned — would have turned 24 last week.
    My administration is doubling down on our work to secure the release of the remaining hostages, just as we have freed hostages already.  And we will not rest until they’re all home.
    As you saw just last week, the United States fully supports Israel’s right to defend itself against Iran and all its proxies — Hezbollah, Hamas, and the Houthis.  We’re doing everything we can to ease the suffering of all the people from this war against Hamas and that Hamas started.
    As Israel’s ambassador to Washington said at the memorial two days ago, quote, “We remember the Jewish commandment that we are all created in the image of God,” and “the loss of innocent life — Israel — Israeli, Palestinian, Lebanese, or others — is a tragedy.”  Well, I feel the same way.  Far too many civilians have suffered far too much during this year’s conflict.
    I also want you to know that I see you, I hear you, I see your pain from the ferocious surge of antisemitism in America and, quite frankly, around the world — absolutely despicable.  And I hope we h- — we learned a lesson from our parents’ generation.  We have to stand up.  We have to call it out.  It has to be stopped.
    In America, we respect and protect the fundamental right of free speech to protest peacefully.  But there is no place — emphasize, no place — anywhere in America — none — for antisemitism, hate speech, or threats of violence of any kind against the Jews or anyone else.
    Long before October the 7th — long before — I launched the first National Security [Strategy] to Counter Antisemitism in American history — the first time in American history.  Vice President Harris and I and our entire administration are aggressively implementing that commitment.
    Since we took office, we secured a record of over $800 million for the physical security of nonprofits, including synagogues, Jewish community centers, Jewish day schools all around the country. 
    Since October 7, ‘23 — in 2023, we’ve secured an additional $400 million — the largest single increase ever in funding — ever. 
    And we have concrete evidence that our historic assistance is making an impact and the investment matters. 
    The Department of Education has put our colleges on notice about something that should be obvious to everyone — that antisemitism is discrimination.  Say it again: Antisemitism is discrimination and prohibited under Title VI of the 1964 Civil Rights Act. 
    And the Department of Homeland Security has proved — provided resources to train campus law enforcement, administrators on how to ensure Jewish students are safe on campus.  And we’re going to keep working to ensure — ensure that Jewish students can get their education free of intimidation and harassment. 
    The Department of Justice is also moving swiftly to investigate and prosecute antisemitic hate crimes and hold the perpetrators accountable. 
    We encourage you, as members of your community, to please report incidences to local law enforcement. 
    My administration is calling on the social media companies to adopt a zero-tolerance policy toward antisemitism and other hateful content, including the vile antisemitic attacks online that we’ve seen in recent days against public officials leading responses to recovery efforts to Hurricane Helene and Hurricane Milton.
    You know, it’s appalling, but we — it must end now.  We have to speak and end it now.
    Globally, our nation’s first ambassador to the level of special envoy and to monitor and combat antisemitism is Deb- — Debor- — Deborah Lipstadt — Lipstadt.  And Deborah has mobilized more than 40 countries and international organizations to support our new guidelines for countering antisemitism around the world.  And this matters, but I know there’s so much more to do. 
    And let me assure you as your president that you are not alone.  You belong, always — always have, always will be, and always must be protected. 
    From the inception of our nation, Jewish Americans have enriched every part of American life.  Let me say that again.  From our very inception as a nation, Jewish Americans have enriched every part of American life, and you’re going to continue to do so for many years to come. 
    Let me close with this.  I think about the wisdom I’ve learned from Jewish communities in Delaware and across the country that I’ve gotten to know over the years.  It seems to me there is a delicate yet profound balance between joy and pain to the High Holidays. 
    Rosh Hashanah is a day of celebration in the Je- — of — for the Jewish New Year.  But it’s also a day of judgment.
    Similarly, Yom Kippur is the most solemn day in the Jewish calendar, yet Jewish scholars say it’s also the happiest day because it’s a time of — for forgiveness and for renewal.
    And in two weeks, you celebrate another holiday for the singing and dancing of the — for — for the Torah.  You know, I know you’ll do so with profound sorrow in your soul because, last year, that holiday was shattered by October the 7th.
    From my perspective, Jewish people have embodied this duality of pain and joy for generations.  It’s your strength.  The Jewish people have always chosen to find joy and happiness and light, despite centuries of suffering, persecution, and pain. 
    That’s the ending and — of what — this — look, this is — is enduring — it’s an enduring lesson and legacy for the Jewish people and for all of America to understand. 
    So, thank you for continuing to find joy in the darkness and shine your light on the nation and on the world. 
    God bless you all.  And may you have a happy New Year.
    3:11 P.M. EDT

    MIL OSI USA News

  • MIL-OSI Economics: ADB Publishes Sovereign Default and Loss Rates, Demonstrating Low Credit Risk in Sovereign Operations

    Source: Asia Development Bank

    News Release | 10 October 2024
    Read time: 2 mins

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    MANILA, PHILIPPINES (10 October 2024) — The Asian Development Bank (ADB) has published a comprehensive report detailing its sovereign default and loss rates over a 34-year period. This report is made in keeping with ADB’s commitment to data transparency and shows the remarkable credit performance of loans to its developing member countries (DMCs).

    The report reveals that ADB has not lost principal, interest, or fees on the more than $250 billion of loans it has extended in its sovereign operations since 1990.

    The report indicates that the average default rate on the ordinary capital resources sovereign portfolio is 0.54%. It further demonstrates that ADB experienced zero new defaults from 2010 to 2021. The low default rate confirms the strength of ADB’s relationship with its DMCs and the preferred creditor treatment accorded to ADB.

    “The average default rate of the sovereign operation is comparable to that of an investment grade portfolio. Compiling and making these data points available to the public will help build a better understanding of emerging market debt originated by multilateral development banks (MDBs),” ADB Vice-President for Finance and Risk Management Roberta Casali said. “It will also allow external parties to make more accurate assessments of the risks involved in investing through or with us.”

    ADB regularly contributes credit data to the Global Emerging Markets Risk Database Consortium (GEMs). The consortium, which includes data from 25 MDBs and development finance institutions, provides insights into the risks associated with investing in emerging markets. The transparency efforts of ADB and GEMs are in line with the recommendations from the Independent Expert Panel commissioned by the G20. These recommendations aim to enhance data transparency as part of an overall effort to optimize balance sheets and increase the lending capacity of MDBs.

    ADB continuously explores ways to effectively manage its capital to help the region address simultaneous crises. In 2023, it unlocked $100 billion in additional lending capacity over the next decade by updating its Capital Adequacy Framework. ADB is working with its development finance partners to mobilize investments in emerging markets through innovative solutions, including risk sharing and structured approaches.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

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    MIL OSI Economics

  • MIL-OSI Economics: Asian Development Blog: Key Strategies to Improve Mental Health Support Across Asia and the Pacific

    Source: Asia Development Bank

    World Mental Health Day is a timely reminder that integrating mental health care into schools, workplaces, and communities is critical for improving health outcomes and reducing costs. Expanding digital interventions and peer-support systems are also crucial, particularly in low- and middle-income countries.

    Mental health is crucial for ensuring the health and well-being of individuals and populations.  Integrating mental health care into homes, schools, workplaces, health care services, and elderly care facilities will improve health outcomes and reduce healthcare costs. 

    Good mental health may lead to improved academic performance and work productivity, and stronger interpersonal relationships and social connections. 

    We need to ensure that developing countries in Asia and the Pacific are addressing the increasing global burden of mental health issues and treatment gaps.

    It is important to integrate mental health support with other services and activities relevant to people’s life stage. In schools, this means school-based mental health programs. In workplaces, it includes incorporating mental health support in employment support programs.

    In communities, mental health services need to be part of primary care services, particularly those addressing the needs of pregnant women, new mothers, and older people.

    Mental health must be integrated into universal health coverage strategies to build resilient health systems and ensure equitable care for all.

    Mental health is complex and complicated but this should not mean that those suffering from poor mental health must accept limited lives. With effective treatment, they can live full and productive lives.

    Improved access to mental health care services, engaging people with lived experiences of mental health disorders, and support from families and friends all make a difference. Governments need to embed peer-support insights in addressing barriers to access to care and evaluating the effectiveness of mental health services.

    Governments also need to expand digital interventions for mental health as there is growing evidence that digital health interventions have the potential to improve the quality and cost-effectiveness of health service delivery and help deliver better health outcomes, particularly in low- and middle-income countries.

    Digital interventions for mental health can be used to increase mental health literacy. This can include using social media for public health communication aimed at supporting good mental health and destigmatizing discussions about mental health, for example through events like World Mental Health Day and R U OK? Day.  

    It can also facilitate engaging people with lived experiences through online communities to discuss various aspects of their lives, providing access to evidence-based information through trusted websites, and utilizing social media platforms to promote mental health and social connectedness in later years.  

    Digital tools can also support training with online self-training tools, and access to specialist training via webinars and other online training platforms.

    Promoting and protecting mental wellness throughout the lifespan should be part of universal health coverage strategies of developing member countries. Health promotion at primary health and community care levels should help educate about mental health.

    Clinical care pathways and treatment guidelines must be strengthened to ensure referral to specialist care. National health insurance systems should include mental health treatment as part of their benefits or covered health services.

    Indeed, addressing mental health serves as an important step towards building resilient health systems which will help people and communities adapt and mitigate climate change. We must step up efforts to protect mental health for all, placing it at the heart of universal health coverage, and leaving no one behind.

    MIL OSI Economics

  • MIL-OSI China: Chinese envoy urges Israel to stop weaponizing humanitarian assistance

    Source: China State Council Information Office

    Fu Cong, China’s permanent representative to the United Nations, urged Israel on Wednesday to stop weaponizing humanitarian assistance, lift the blockade of Gaza and the restrictions on humanitarian access, and cooperate fully with the UN and other humanitarian agencies.

    In remarks at the UN Security Council briefing on the humanitarian situation in Gaza, Fu said the Gaza conflict and the situation in the Middle East have been at the forefront of the council’s work since October last year, but the situation has not improved so far, and “instead, it has continued to deteriorate.”

    “The authority of international law seems to exist in name only for certain states, and the bottom line of international humanitarian law has been repeatedly shattered,” he lamented.

    Fu stressed, “We cannot accept that death and hunger have become the new normal in Gaza.”

    Underscoring that humanitarian aid is the hope for survival for the people in Gaza, the ambassador said the role of UNRWA, the UN relief agency for Palestinians, is indispensable and irreplaceable. “China firmly opposes Israel’s smearing and suppression of UNRWA, and is gravely concerned about the relevant Knesset bills targeting the agency.”

    He said the international community cannot allow the conflict to drag on and expand, and cannot “just sit back and watch the entire Middle East plunging into an all-out war.”

    “The harsh reality has proved that winning a war does not necessarily mean having peace, military might alone cannot guarantee lasting security, and the obsession with force only creates more killings and hatred,” Fu pointed out, urging Israel to cease all military operations in Gaza and put an end to the collective punishment of the people in Gaza.

    He said the intensified settlement activities and violence in the West Bank were a de-facto obliteration of the foundation of the two-State solution, and must stop immediately.

    “Lebanon must not become the next Gaza,” he said, adding that China calls on all parties to exercise restraint and achieve a ceasefire, and urges Israel in particular to stop taking actions that would further escalate the situation. 

    MIL OSI China News

  • MIL-OSI China: China calls on US to lift sanctions

    Source: China State Council Information Office

    People visit the China Homelife USA expo at the Los Angeles Convention Center in Los Angeles, the United States, on Sept. 11, 2024. [Photo/Xinhua]

    Stable China-United States business ties would contribute to the security and stability of global industrial supply chains, fostering a favorable policy environment for collaboration between companies from both sides, said market watchers and business executives on Wednesday.

    China’s Ministry of Commerce said on Tuesday that China has called on the US to promptly lift sanctions on Chinese companies and enhance the business environment for its firms operating in the US.

    During a phone call with US Secretary of Commerce Gina Raimondo on the same day, China’s Minister of Commerce Wang Wentao expressed serious concerns over US policies on semiconductors, targeting China, and restrictions on Chinese intelligent connected vehicles.

    It is necessary to clarify national security boundaries in the economic and trade fields, as it is conducive to maintaining the security and stability of global industrial supply chains and creating a favorable policy environment for cooperation between the business communities from the two countries, Wang stressed.

    This conversation was part of the institutional communication arrangement between the commerce authorities of both countries, said the Ministry of Commerce.

    As many global industries, such as electronics, automotive and pharmaceuticals, rely on components and materials sourced from both China and the US, a stable relationship can minimize disruptions and prevent production delays and supply shortages in many business areas, said Wang Zhongmei, a researcher at the Institute of World Economy of Shanghai Academy of Social Sciences.

    Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing, warned that given various factors such as the upcoming US election in early November, it is critical to view Sino-US economic and trade relations with caution.

    In the short term, there will be challenges, but in the long run, the trend of mutually beneficial cooperation between China and the US remains unchangeable, said Zhang.

    “For US companies, China is an indispensable market,” he added. “If trade tensions escalate, these companies may once again urge the US government to adopt a more proactive and balanced economic and trade policy. Business needs can, to a certain extent, influence government actions.”

    According to the 2024 Kearney FDI (foreign direct investment) Confidence Index, reflecting investors’ expectations for FDI over the next three years, China’s global ranking has risen from seventh to third place.

    “Multinational companies initially looked at China as a supplier and then as a huge market. But now, increasingly, we are looking at China as an innovation center,” said Andrew Wu, general manager of the China branch of US-based commercial data and analytics firm Dun & Bradstreet.

    Also viewing China as crucial to its global business strategy, Willie Tan, CEO of Skechers China, South Korea and Southeast Asia, said that despite external challenges, China remains a crucial market for global brands. Its vast consumer base, strategic importance in global supply chains and ongoing commitment to reform and innovation create significant opportunities.

    With over 3,500 stores in China, the US footwear brand plans to continue market expansion in the coming years.

    Mark Jaffe, CEO of the Greater New York Chamber of Commerce, said that no one wants to halt cooperation and exchange between the two countries. China and the US have already established long-term partnerships in fields such as artificial intelligence and pharmaceuticals.

    In the face of increasingly intense global competition, Jaffe said it will be necessary for the two sides to further expand and deepen trade relations in the future.

    In the first eight months of 2024, the US remained China’s third-largest trading partner, with the total trade value between the two countries reaching 3.15 trillion yuan ($446.21 billion), up 4.4 percent year-on-year and accounting for 11 percent of China’s total foreign trade value, statistics from the General Administration of Customs showed.

    MIL OSI China News