Category: Business

  • MIL-OSI Europe: MOTION FOR A RESOLUTION the case of Bülent Mumay in Türkiye – B10-0100/2024

    Source: European Parliament

    with request for inclusion in the agenda for a debate on cases of breaches of human rights, democracy and the rule of law

    Joachim Stanisław Brudziński, Adam Bielan, Veronika Vrecionová, Ondřej Krutílek, Sebastian Tynkkynen, Assita Kanko
    on behalf of the ECR Group

    B10‑0100/2024

    Motion for a European Parliament resolution on the case of Bülent Mumay in Türkiye

    (2024/2856(RSP))

    The European Parliament,

     having regard to Rule 150 of the Rules of Procedure,

    A. whereas Bülent Mumay is a journalist working in Türkiye for Deutsche Welle (DW) who posted a story on Twitter (now X), naming a construction company that had unfairly seized the funds from the Istanbul Metropolitan Municipality (IMM) that were meant for a Istanbul subway project;

    B. whereas the construction company Mumay exposed, Met-Gün İnşaat, got the Criminal Judgeship of Pease to issue a ban on Mumay’s tweet based on ‘violation of personal rights’;

    C. whereas Mumay was charged with ‘illegally obtaining or distributing personal data’ and sentenced to 20 months in prison for social media posts where he criticized the pro-government construction company’s seizure of Istanbul Municipality’s subway fund; whereas Mumay’s appeal was rejected by the Appeals court on 20 August 2024;

    D. whereas the Turkish court orders Twitter (now X), to remove any post related to the issue after already ordering the removal of Bülent Mumay’s posts at the request of the construction company owner while simultaneously ordering the Information and Technologies Authority (BTK) to block access to any news reports that Mumay’s  appeal was rejected;

    E. whereas Türkiye had 13 journalists jailed as of a census counted in 2023, which is considered an improvement from the previous count of 40 in 2022 while many of those freed are still under investigation or are awaiting trial;

    1. Calls for the immediate and unconditional annulment of all charges against Bülent Mumay.

    2. Recognises that 90% of the national media in Türkiye is now under government control, while DW Germany’s state-owned broadcaster, had their websites blocked in the country in 2022 because the company did not have the necessary licenses and decided not to apply for them.

    3. Recognises that the number of jailed journalists has decreased considerably in Türkiye in the past two years, yet remains concerned with the deterioration of free and open press within the country.

    4. Recognises that within the context of gross regional instability, the attempted coup d’etat in 2016 and frequent terrorist attacks and cross border raids, Türkiye’s “Disinformation Law”, which allows the state to sentence someone to up to 3 years for sharing, liking or reposting posts on social media that the Turkish government considers to be disinformation that is meant to cause panic, should be revised and implementation  closely monitored so it is not used punitively against free and independent press.

    5. Considers the freedom of the press to be under constant duress under Erdogan’s government and recognises the pattern of levelling arbitrary charges against journalists.

    6. Instructs its President to forward this resolution to the Council, the Commission, the EEAS, the Vice-President of the Commission/HRVP, the governments and parliaments of the Member States, Members of the Parliament and government of Türkiye.

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION the case of Bülent Mumay in Türkiye – B10-0098/2024

    Source: European Parliament

    with request for inclusion in the agenda for a debate on cases of breaches of human rights, democracy and the rule of law

    Yannis Maniatis, Francisco Assis, Nacho Sánchez Amor, Nikos Papandreou
    on behalf of the S&D Group

    B10‑0098/2024

    Motion for a European Parliament resolution on the case of Bülent Mumay in Türkiye

    (2024/2856(RSP))

    The European Parliament,

     having regard to its previous resolutions on Türkiye,

     having regard to Rule 150 of its Rules of Procedure,

    A. whereas on May 6, 2023, Bülent Mumay was sentenced  to 20 months in prison for “spreading personal data” and for his social media posts about a pro-government construction company’s alleged seizure of Istanbul Municipality’s subway funds in the period of the previous administration,

    B. whereas a Turkish court ordered to block access to his tweet, which alleged that the contractors were government-affiliated,

    C. whereas on August 20, 2024, an appeals court upheld the 20-month prison sentence, and ordered the Information and Communication Technologies Authority (BTK) to block access to news reports about the upheld prison sentence,

    D. whereas the charges against Bülent Mumay include illegally obtaining or disseminating personal data, and appear to be only an attempt to silence critical journalism,

    E. whereas several press organizations have condemned the recent sentence, citing it as a grave assault on press freedom,

    F. whereas Bülent Mumay was also arrested and later released in 2016 in the days following the coup attempt in Türkiye,

    G. whereas Türkiye ranks 158th in the 2024 World Press Freedom Index,

    1. Is deeply concerned for the conviction of journalist Bülent Mumay following his press investigations and social media posts criticizing the seizure of municipal funds by a pro-government company,

    2. Deplores the decision by Turkish appeals court to uphold the 20-month prison sentence and to order the blocking of access to related news reports,

    3. Calls for the revision of the sentence and for the immediate release of Bülent Mumay, in the patent absence of solid legal charges, in line with Türkiye’s international and constitutional obligations; 

    4. Considers that the sentence on Bülent Mumay follows a broader pattern of judicial harassment targeting independent journalists, activists and opposition members in Türkiye, where legal intimidation, censorship, and financial coercion are often reported as ways to suppress criticism and investigative press,

    5. Recalls its previous positions condemning the prosecution, censorship and harassment of journalists and independent media in Türkiye;

    6. Calls again on the Turkish authorities to respect press freedoms in accordance with international standards and to let journalists practise its profession freely, as this provides for an overall healthier democracy and society;

    7. Continues to condemn the lack of independence of the prosecution and judiciary and the political instrumentalisation of the judicial system in Türkiye;

    8. Instructs its President to forward this resolution to the President of the Council and the Commission; asks that this resolution be translated into Turkish and forwarded to the President, Government and Parliament of the Republic of Türkiye.

    MIL OSI Europe News

  • MIL-OSI Video: Thriving Together: Stories of Sickle Cell Strength | Oct 2024 | Episode 2

    Source: United States of America – Federal Government Departments (video statements)

    In this video, Acting Associate Commissioner for Minority Health at the FDA, Dr. Christine Lee, sits down with Dr. Claudia Banquet, an affiliate professor at the University of Maryland School of Pharmacy. Together, they highlight ongoing efforts at HHS to support quality of life for a thriving Sickle Cell Disease community and discuss recent projects related to sickle cell disease. Don’t miss this insightful conversation!

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=98D8yq-ovX4

    MIL OSI Video

  • MIL-OSI: Old National Bancorp Announces Schedule for Third-Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) — (NASDAQ: ONB) Old National Bancorp (“Old National”), the holding company of Old National Bank, today announced the following schedule for its third-quarter 2024 earnings release and conference call:

    Earnings Release: Tuesday, October 22, 2024, at approximately 8:00 A.M. ET
    Conference Call: Tuesday, October 22, 2024, at 10:00 A.M. ET
    Dial-in Numbers: U.S. (800) 715-9871; International: (646) 307-1963; Access code 1586600
    Webcast: Via Old National’s Investor Relations website at oldnational.com
    Webcast Replay: Available approximately one hour after completion of the call, until midnight ET on October 22, 2025, via Old National’s Investor Relations website at oldnational.com
    Telephone Replay: U.S. (800) 770-2030; International: (647) 362-9199; Access code 1586600. The replay will be available approximately one hour after completion of the call until midnight ET on November 5, 2024
       

    ABOUT OLD NATIONAL
    Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $53 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    The MIL Network

  • MIL-OSI USA: Federal Court Enters Consent Decree Against Rizo Lopez Foods Inc. Following Multistate Outbreak of Listeriosis Linked to Queso Fresco and Cotija Cheese Products

    Source: US Department of Health and Human Services – 3

    For Immediate Release:

    Today, the U.S. District Court for the Eastern District of California entered a consent decree of permanent injunction against Rizo Lopez Foods Inc. (“Rizo Lopez Foods”), a California-based food manufacturer, and the company’s co-owners, Edwin Rizo and Tomas Rizo. Among other requirements, the consent decree prohibits Rizo Lopez Foods from manufacturing and selling certain food products until the company complies with the Federal Food, Drug, and Cosmetic Act (FD&C Act), federal regulations and other requirements.  

    The U.S. Food and Drug Administration and Centers for Disease Control and Prevention (CDC), in collaboration with state and local partners, investigated a multi-year, multistate outbreak of Listeria monocytogenes (L. monocytogenes) infections linked to queso fresco and cotija cheeses manufactured by Rizo Lopez Foods of Modesto, California.

    L. monocytogenes is a species of disease-causing bacteria. When people eat food contaminated with L. monocytogenes, they may develop a disease called listeriosis. This infection can have serious adverse effects for consumers, particularly women who are or may become pregnant, the elderly, and people with weakened immune systems. Complications from the disease can include pneumonia, central nervous system damage, endocarditis, localized abscesses, skin lesions and conjunctivitis. 

    In January 2024, the Hawaii State Department of Health’s Food and Drug Branch collected a retail sample of the Defendants’ Aged Cotija Mexican Grating Cheese, and the sample tested positive for L. monocytogenes. Whole genome sequencing of the L. monocytogenes-positive cheese sample matched previous clinical illnesses identified by CDC. The FDA inspected the Defendants’ facility from January–February 2024, and the FDA subsequently identified the same strain of L. monocytogenes in the facility’s environment. This match indicates that the L. monocytogenes strain likely originated from the Defendants’ facility. In February 2024, Rizo Lopez Foods voluntarily recalled its entire inventory of dairy products, regardless of the sell-by date of the product.

    In total, the CDC outbreak investigation identified 26 illnesses, which occurred across 11 states and included 23 hospitalizations. Two of the individuals subsequently died. Four individuals were pregnant, including one who suffered a pregnancy loss. 

    “Food safety is a critical responsibility. Producers of fresco type cheeses are responsible for producing safe food, including being in compliance with food safety laws and regulations. Through this unfortunate outbreak, we see what can happen when a company fails to meet their legal responsibilities,” said FDA Deputy Commissioner for Human Foods Jim Jones. “The FDA will always put the safety of consumers and public health first and will continue to hold companies accountable when they manufacture and distribute contaminated food into the U.S. marketplace.” 

    The consent decree prohibits Rizo Lopez Foods, Edwin Rizo, and Tomas Rizo, and any persons or entities in active concert or participation with them who receive notice of the decree, from directly or indirectly manufacturing, preparing, processing, packing, repacking, receiving, labeling, holding, and/or distributing any product, excluding pre-packaged food, at or from their facilities unless and until certain requirements are met to ensure they are operating in compliance with the FD&C Act, the FDA’s regulations, and the decree. The consent decree requires the defendants to make corrective actions and receive FDA approval before they may resume operations.

    The FDA remains committed to fostering a culture of food safety among all food producers that provide products to the U.S. The Agency has developed a strategy for reducing the likelihood of outbreaks and illnesses of listeriosis associated with cheeses and will continue to work with companies to ensure the safety of the U.S. food supply.

    Related Information

    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.


    Inquiries

    Consumer:
    888-INFO-FDA

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center in Boone County Will Close Oct. 12

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Boone County Will Close Oct. 12

    Disaster Recovery Center in Boone County Will Close Oct. 12

    Oct. 8, 2024

    DR-4787-WV-MA-014

    FEMA News Desk: 215-931-5597

    FEMAR3NewsDesk@fema.dhs.gov

    Media Advisory

    Disaster Recovery Center in Boone County Will Close Oct. 12

    CHARLESTON, W.Va.– A state-federal Disaster Recovery Center at Madison City Hall in Boone County is closing permanently on Oct. 12 at 6 p.m. 

    The center is located at:

    Boone County

    Madison City Hall

    255 Washington Ave 

    Madison, WV 25130

    Hours of operation:

    Monday – Saturday, 8 a.m.– 6 p.m.

    Closing Oct. 12

    Survivors do not have to visit a Disaster Recovery Center (DRC) to register with FEMA or ask questions about the status of an application. You can call the FEMA helpline at 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.

    For more information on West Virginia’s disaster recovery, visit emd.wv.gov, West Virginia Emergency Management Division Facebook page, www.fema.gov/disaster/4783, and http://www.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

    Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 833-285-7448. 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).

    issa.mansaray

    MIL OSI USA News

  • MIL-OSI USA: FEMA Disaster Recovery Centers in Clay and Sioux Counties Closing Permanently

    Source: US Federal Emergency Management Agency

    Headline: FEMA Disaster Recovery Centers in Clay and Sioux Counties Closing Permanently

    FEMA Disaster Recovery Centers in Clay and Sioux Counties Closing Permanently

    Des Moines, Iowa — FEMA’s Disaster Recovery Centers in Clay and Sioux counties will close permanently on Saturday, Oct. 12 at 5:30 p.m.

    Iowa homeowners and renters affected by the flooding on June 16 through July 23, 2024, have until Oct. 22, 2024, to apply for FEMA assistance.

    The DRCs are open Monday through Saturday from 9:30 a.m. to 5:30 p.m. and closed on Sundays.  They are located at:

    Clay County

    Spencer City Hall

    City Council Chambers

    101 W. Fifth St.

    Spencer, IA 51301

    Sioux County

    City Park Shelter House

    1013 13th Ave.

    Rock Valley, IA 51247

     You can apply for FEMA disaster assistance or get help with your case by:

    If you had flood related damage or storm-caused expenses or are self-employed and live in Buena Vista, Cherokee, Clay, Dickinson, Emmet, Humboldt, Lyon, Monona, O’Brien, Osceola, Palo Alto, Plymouth, Pottawattamie, Scott, Sioux and Woodbury counties, FEMA assistance can provide grants to help cover temporary housing, home repairs and other disaster related needs. U.S. Small Business Administration provides loans to help cover home repairs and other disaster-related needs along with business impacts.

    Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 833-285-7448. For Spanish, press 2. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. 

     

    April.Bennett

    MIL OSI USA News

  • MIL-OSI USA: Jayapal Statement on Lack of Accountability for Killing of Aysenur Ezgi Eygi

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    SEATTLE, WA — U.S. Representative Pramila Jayapal (WA-07) released the following statement more than a month after the killing of U.S. citizen Aysenur Ezgi Eygi in the West Bank:

    “It has been 32 days since Aysenur Ezgi Eygi was killed in the West Bank, and we have seen no movement toward an independent investigation by the U.S. government and no additional information on changes in the practices of the Israel Defense Forces (IDF) units that are using live ammunition on those who are peacefully protesting.

    “I have had numerous briefings with State Department officials, and I have been in close touch with Eygi’s family, as her father is my constituent. I am frankly appalled with the lack of movement on this case. I have received no information that gives me any assurance that the killing of a U.S. citizen by the IDF is being treated with the urgency it deserves. Secretary Blinken called the killing of Eygi ‘unprovoked and unjustified’, and the Israeli government has acknowledged that it is ‘highly likely’ that Eygi was killed by the IDF. The Washington Post conducted its own investigation into Eygi’s killing, based on eyewitness accounts. That report directly challenged the Israeli government’s account of what happened.

    “As Senator Murray and I detailed in our letter, this is not the first time Israeli forces have killed U.S. citizens. We are seeing history repeat itself in a dangerous and unacceptable way. In 2003, Rachel Corrie, a U.S. citizen from Washington State was killed in the West Bank, and despite more than 70 Members of Congress calling for an independent investigation, no such action was taken. Just this year, three U.S. citizens have been killed in the West Bank. U.S. citizens must be safe abroad and if they are killed, our government must act. It is that simple.

    “The U.S. is the largest backer of military assistance to Israel. If the Israeli government is unwilling or unable to follow our own domestic laws as well as international humanitarian laws, we must demand accountability by stopping certain offensive U.S. military assistance. In this situation, to ensure the trust of our own U.S. citizens, we must initiate our own investigation into Eygi’s killing, use our leverage to demand changes to the IDF’s rules of engagement, and apply our domestic laws to this situation for full accountability. 

    “Recently, 102 members of Congress wrote a letter calling for an independent investigation into Eygi’s killing. My colleagues and I will not rest until we have answers.”

    Issues: Foreign Affairs & National Security

    MIL OSI USA News

  • MIL-OSI USA: NEWS: Congressman Greg Casar’s Statement on Oct. 7

    Source: United States House of Representatives – Congressman Greg Casar (D-Texas)

    WASHINGTON – Today, Congressman Greg Casar (D-Texas) released the following statement:

    “October 7th is a dark and horrific day for Israelis and Jewish people across the world. More Jewish people were killed at once than any day since the Holocaust, and Hamas still holds Americans and scores of Israelis hostage. In the days after October 7th, tens of thousands of innocent Palestinians have been killed by the Israeli government’s bombardment of Gaza and operations in the West Bank. Over two thousand Lebanese people have been killed, and more than a million have been displaced. The region is on the brink of what could be an even more massive war. Hardly a soul is safer or more free.

    “We must change course toward peace. We must stop this cycle of violence by all parties before it consumes even more innocent families across the region and across the world. Israel should stop its bombing, Iran and Hezbollah should stop their bombing, Hamas should return the hostages, and the United States should be brokering peace, rather than further contributing to the devastation by shipping weapons. Let us honor the dead by protecting the living.”

    ###

    Congressman Greg Casar represents Texas’s 35th Congressional District in the U.S. House of Representatives, which runs down I-35 from East Austin to Hays County to the West Side of San Antonio.  A labor organizer and son of Mexican immigrants, Casar serves as the Whip of the Congressional Progressive Caucus for the 118th Congress. He also serves on the Committee on Oversight and Accountability and the Committee on Agriculture.

    MIL OSI USA News

  • MIL-OSI USA: Issa Introduces Legislation Reforming Third-Party Financed Civil Litigation

    Source: United States House of Representatives – Congressman Darrell Issa (CA-50)

    WASHINGTON – Congressman Darrell Issa (CA-48), Chairman of the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet, and Congressman Scott Fitzgerald (WI-05) introduced the Litigation Transparency Act of 2024, which requires the disclosure of parties receiving payment in civil lawsuits.

    In hundreds of cases every year, civil litigation is funded by undisclosed third-party interests – including hedge funds, commercial lenders, and sovereign wealth funds operating through shell companies. In response, the bill would require disclosure of investors who have a right to receive payment based on the outcome of a case, as well as the disclosure of the financing agreement between investors and parties to the civil action. Third-party litigation funding also poses unique challenges in patent litigation cases, where investor-backed entities seek large settlements against American companies.

    “Our legislation targets serious and continuing abuses in our litigation system and achieves a level of transparency that people deserve, and our standard of law requires,” said Rep. Issa. “We believe that if a third-party investor is financing a lawsuit in federal court, it should be disclosed rather than hidden from the world and left absent from the facts of a case. When we achieve a lasting measure of awareness by all parties, it will advance fair and equal treatment by the justice system and deter bad actors from exploiting our courts.

    “As a former state legislator, I helped usher in laws to mandate disclosure of TPLF in Wisconsin courts. This ensured parties were aware of all stakeholders who had a financial interest in the outcome of litigation. These commonsense disclosure laws should similarly be required in federal courts, where the stakes can be higher,” said Rep. Fitzgerald. “I’m proud to join Congressman Issa in bringing needed transparency to our courtrooms.”

    Third-party litigation financing also raises national security concerns. A series of recent cases revealed that China-backed funders fueled IP litigation against U.S. companies. National security concerns have also been echoed by 14 state attorneys general, Vice Chairman of the Senate Intelligence Committee Senator Marco Rubio, and Ranking Member of the Subcommittee on Federal Courts, Senator John Kennedy.
    This bill follows extensive work by Rep. Issa this Congress, including holding a hearing titled “The U.S. Intellectual Property System and the Impact of Litigation Financed by Third Party Investors and Foreign Entities”, introducing the discussion draft of the LTA, and a letter to the Judicial Conference.

    The following organizations submitted statements in support of Rep. Issa’s bill:

    National Association of Mutual Insurance Companies
    “The court system was never meant to be exploited and abused in this manner. Frivolous and excessive litigation driven by third-party investors has inherently raised costs for Americans across the country. This legislation will help shine a light on who’s behind a lawsuit and ensure that relevant parties have the necessary information in their deliberations.”

    The U.S. Chamber of Commerce
    “This legislation will help protect the integrity of our judicial system by ensuring that outside financiers are not secretly directing or profiting from litigation they are funding. It is common sense that defendants, plaintiffs, and judges should know who is seeking to profit off litigation. The U.S. Chamber of Commerce thanks Rep. Issa for his leadership and strong work on this important issue.”

    American Property Casualty Insurance Association
    “The misuse of the legal system fueled by third-party litigation funding has formed a litigious culture, ultimately burdening every consumer and business through increased costs, including the cost of insurance throughout the country. APCIA appreciates Chairman Issa’s leadership for introducing legislation that would require disclosure of third-party litigation funding in civil litigation. APCIA encourages members of Congress to support this legislation.”

    High Tech Inventors Alliance
    “We commend Chairman Issa and Representative Fitzgerald for their leadership in defending U.S. companies by exposing the predatory tactics of hedge funds, private equity, and foreign countries employed for the sole purpose of exploiting our courts for financial gain. For too long, a lack of transparency has empowered shell companies to leech off American businesses, while hiding their exploitative practices and, oftentimes, their foreign investors and owners. We urge Congress to choose sunlight over secrecy and stand with American innovators.”

    US MADE
    “This bill is an important step forward in taking on the growing influence of TPLF. No one should be able to manipulate the courts in secrecy to benefit themselves and harm American manufacturers. Chairman Issa’s straightforward bill will finally require the disclosure of outside funding arrangements in civil lawsuits. We are proud to support this bill.”
     
    The text of the bill can be found here.

    MIL OSI USA News

  • MIL-OSI USA: SBA Stands Ready to Assist San Carlos Apache Tribe Businesses and Residents Affected by the Watch Fire

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to San Carlos Apache Tribe businesses and residents as a result of President Biden’s major disaster declaration, U.S. Small Business Administration’s Administrator Isabella Casillas Guzman announced.

    The declaration covers the San Carlos Apache Tribe as a result of the Watch Fire that occurred July 10‑17.

    “SBA’s mission-driven team stands ready to help Arizona’s small businesses and residents impacted by the Watch Fire,” said Administrator Guzman. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”

    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.

    For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” said Francisco Sánchez, Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “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.

    As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.

    ###

    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 USA: SBA to Close Business Recovery Center in Richmond

    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 will close its Richmond Business Recovery Center at 4:30 p.m. on Friday, Oct. 11. “SBA opened the center to provide personalized assistance to businesses that were affected by the Hurricane Beryl that occurred July 5-9,” said Sánchez.

    Until the center closes, SBA customer service representatives will continue to meet with business owners to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application. No appointment is necessary.

    FORT BEND COUNTY
    Business Recovery Center
    TW Davis Family YMCA
    911 Thompson Rd.
    Richmond, TX  77469
    Monday – Friday, 8:00 a.m. – 4:30 p.m.
    Closes 4:30 p.m. Friday, Oct. 11

    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.

    For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

    “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.

    The deadline to apply for property damage is Oct. 10, 2024. The deadline to apply for economic injury is April 14, 2025.

    ###

    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: AC Reports Preliminary September 30 Book Value of $41.85 to $42.05 Per Share

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) — Associated Capital Group, Inc. (“AC” or the “Company”) (NYSE:AC), announced today a preliminary range for its third quarter book value of $41.85 to $42.05 per share. These estimates are ex the $2 per share special dividend declared in September 2024, which is payable on November 4, 2024 to Class A and Class B shareholders of record on October 21, 2024. This range compares to book values of $42.87 at June 30, 2024, $42.11 per share at December 31, 2023 and $41.43 per share at September 30, 2023.

    AC will be issuing further details on its financial results in November.

    About Associated Capital Group, Inc.
    Associated Capital Group, Inc. (NYSE: AC), based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor. We also created Gabelli Principal Strategies Group, LLC (“GPS”) in December 2015 to pursue strategic operating initiatives.

    SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
    Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

    Contact:
    Ian J. McAdams
    Chief Financial Officer
    (914) 921-5078
    Associated-Capital-Group.com

    The MIL Network

  • MIL-OSI: Athene Prices $600 Million Junior Subordinated Debentures Offering

    Source: GlobeNewswire (MIL-OSI)

    WEST DES MOINES, Iowa, Oct. 07, 2024 (GLOBE NEWSWIRE) — Athene Holding Ltd. (“Athene”) today announced it has agreed to sell $600 million aggregate principal amount of 6.625% fixed-rate reset junior subordinated debentures due 2054. The offering is expected to close on October 10, 2024, subject to satisfaction of customary closing conditions.

    Athene intends to use the net proceeds from the offering for general corporate purposes, which may include the future redemption or repurchase of its $600,000,000 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Series C Preferred Stock. This press release does not constitute a notice of redemption with respect to, or an offer to purchase, any securities.

    Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the offering. Apollo Global Securities, BMO Capital Markets, BNP PARIBAS, Ramirez & Co., Inc., SOCIETE GENERALE, Siebert Williams Shank and SMBC Nikko are acting as co-managers for the offering.

    The debentures are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, or solicitation to buy, if at all, will be made solely by means of a prospectus and related prospectus supplement filed with the SEC. You may obtain these documents without charge from the SEC at http://www.sec.gov. Alternatively, you may request copies of these materials from the joint book-running managers by contacting Wells Fargo Securities, LLC toll-free at (800) 645-3751, BofA Securities, Inc. toll-free at (800) 294-1322, Goldman Sachs & Co. LLC toll-free at (866) 471-2526 or Morgan Stanley & Co. LLC toll-free at (866) 718-1649.

    About Athene

    Athene is a leading retirement services company with $330 billion of total assets as of June 30, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations.

    Forward-Looking Statements

    This press release contains, and certain oral statements made by Athene’s representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene’s management and the management of Athene’s subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” “should,” or “continues” or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding Athene’s expectations regarding the completion of, and the use of proceeds from, the sale of the debentures, future growth prospects and financial performance. Although Athene management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to Athene’s forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2023 and its quarterly report on Form 10-Q for the quarter ended June 30, 2024, which can be found at the SEC’s website http://www.sec.gov. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

    Contact:

    Media Contact
    Jeanne Hess
    VP, External Relations
    +1 646 768 7319
    jeanne.hess@athene.com

    The MIL Network

  • MIL-OSI USA: President Signs Bipartisan, Bicameral Bill Co-Led by Allred to Streamline Federal Permitting for Microchip Projects

    Source: United States House of Representatives – Congressman Colin Allred (TX-32)

    Building Chips in America Act will support billions in domestic manufacturing investments by streamlining federal reviews 

    Washington, D.C. – Last week, President Biden signed into law the Building Chips in America Act co-led by Congressman Colin Allred (D-TX-32) to help bring microchip manufacturing back to America by streamlining project approvals while maintaining environmental protections for clean air and water. Congressman Michael McCaul (R-TX-10) helped lead the House bill along with a bipartisan coalition of members who introduced the legislation together, which passed the House last month. 

    “In order for Texas to continue leading in semiconductor chip research and manufacturing,  we must ensure these projects can get approved in a timely manner,” said Allred. “The Building Chips in America will do just that, all while creating good paying jobs. I thank Congressman McCaul for working with me on this legislation and I am so proud our bipartisan bill was signed into law by the President.”

    Following the passage of the CHIPS and Science Act, companies throughout the semiconductor supply chain have announced plans to invest hundreds of billions in new domestic manufacturing projects. Under current law, these CHIPS Act investments require extra environmental reviews under the National Environmental Policy Act (NEPA), even for projects that already have permits and are underway. The Building Chips in America Act will ensure these reviews are completed in a timely manner by streamlining approvals for ongoing projects and providing the Secretary of Commerce with better tools for efficient oversight.

    The bill was also led in the House by Congresswoman Jen Kiggans (R-VA-02), Congressman Scott Peters (D-CA-50) and Congressman Brandon Williams (R-NY-22). The Building Chips in America Act was led in the Senate by U.S. Senators Mark Kelly (D-AZ), Todd Young (R-IN), Bill Hagerty (R-TN) and Sherrod Brown (D-OH). 

    Allred championed the passage of the CHIPS and Science Act, and now, following the passage of the landmark bill, the Department of Commerce has announced billions in federal investments to support domestic manufacturing projects in Texas. Including  $6.4 billion for Samsung in Taylor, $1.6 billion for Texas Instruments in North Texas and $400 million for GlobalWafers in Sherman, TX and Missouri. 

     

    ###

    MIL OSI USA News

  • MIL-OSI USA: School of Pharmacy Welcomes Keynote Speaker for 2024 Professionalism Ceremony

    Source: US State of Connecticut

    A UConn graduate and experienced healthcare industry leader, Zembrowski currently serves as the Director of Dermatology Marketing Development at Regeneron Pharmaceuticals, where he has supported the growth of the blockbuster brand DUPIXENT for the past 6 years. 

    Zembrowski, who graduated from UConn’s School of Pharmacy in 2007, has held leadership roles at major healthcare companies including Regeneron, Allergan, and Nestlé Health Science. In his current role at Regeneron, he leads marketing efforts for Dupixent, a key dermatology treatment, overseeing scientific marketing, and key opinion leader initiatives. Throughout his career, he has successfully launched award-winning campaigns, and played a key role in product launches in multiple disease states.

    Some of his notable career achievements include launching Direct-to-Consumer (TV advertising) for Regeneron and leading a global line launch for Nestle. Zembrowski is also dedicated to mentoring future healthcare leaders. He established the Bryan Zembrowski Pharmaceutical Industry Scholarship, which has supported UConn student pharmacists since 2007, and has mentored students through programs at both Rutgers University and UConn.

    Bryan Zembrowski

    In addition to his Doctor of Pharmacy degree from UConn, Zembrowski holds a Bachelor of Science in Biochemistry from Boston College and has completed executive training in leadership and digital marketing from Rutgers University and the Center for Creative Leadership.

    His keynote speech is sure to inspire and encourage UConn’s future pharmacists as they step into the evolving healthcare field.

    MIL OSI USA News

  • MIL-OSI USA: Tuberville Honors John Vick of Andalusia as October “Veteran of the Month”

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    WASHINGTON – U.S. Senator Tommy Tuberville (R-AL) released a video honoring U.S. Navy Lieutenant John Vick of Andalusia as the October “Veteran of the Month.” John is the founder of the Covington Veterans Foundation, which pays tribute to veterans in Covington County.
    Excerpts from Senator Tuberville’s remarks can be found below, and his complete remarks can be found here.

    “When you ask John Vick of Andalusia where his desire to serve in the military began, he traces it back to when he was just seven years old. Growing up near a depot in the small town of Red Level, John recalls watching the train bring in flag-draped caskets of American soldiers killed in war. He was touched by the patriotism of his local community to honor each of these soldiers who’d made the ultimate sacrifice. This experience not only created a desire to serve in the military, but to ensure that the sacrifices of America’s heroes are never forgotten.”
    “After graduating from Andalusia High School, John received a full Navy ROTC scholarship, which he used to attend Auburn University. There, he earned a degree in mechanical engineering in 1962, and was commissioned into the Navy that same year. John rose through the ranks to become a Navy Lieutenant before returning home to Covington County in 1966.”
    “In 2019, John founded the Covington Veterans Foundation where he continues this spirit of patriotism that was instilled in him as a child. Thanks to John’s efforts, CVF has been able to display more than 600 veteran banners throughout the City of Andalusia. He has also served for a number of years as chairman of the board of Southern National Corporation and has served on the board of CCB Community Bank for more than 45 years. Additionally, John is an active member of the Andalusia Lions Club and First Methodist Church of Andalusia. He represents the ideals of service and patriotism that Alabamians hold so dear.”
    Senator Tuberville recognizes a different Alabama veteran each month for their service and contribution to their community. Constituents can nominate an Alabama veteran and submit their information to Senator Tuberville’s office for consideration by emailing press_office@tuberville.senate.gov. 
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, and HELP Committees.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Game-changing tech to reach the public faster as dedicated new unit launched to curb red tape

    Source: United Kingdom – Executive Government & Departments

    Science Secretary launches new Regulatory Innovation Office today to speed up public access to new technologies.

    New Regulatory Innovation Office Bringing new technologies to the public, faster.

    • Regulatory Innovation Office to reduce the burden of red tape and speed up access to new technologies that improve our daily lives – from AI in healthcare to emergency delivery drones
    • Search begins for a Chair to lead the office, driving economic growth through regulatory reform that enables innovation
    • New Office delivers on a key manifesto commitment and is among steps to back business in buildup to UK hosting International Investment Summit

    New technologies, like AI for better treatments in our NHS and drones delivering emergency supplies to all corners of the UK, could reach the public faster through a dedicated new office that will reduce the burden of red tape on innovation and help kickstart economic growth.

    The new Regulatory Innovation Office (RIO) will reduce the burden for businesses hoping to bring new products and services to the market in some of the UK’s fastest-growing sectors through innovations like –AI training software for surgeons to deliver more accurate surgical treatments for patients and drones which can improve business efficiency and quickly send critical deliveries to remote parts of the country.

    To do so, it will support regulators to update regulation, speeding up approvals, and ensuring different regulatory bodies work together smoothly. It will work to continuously inform the government of regulatory barriers to innovation, set priorities for regulators which align with the government’s broader ambitions and support regulators to develop the capability they need to meet them and grow the economy.

    The announcement comes ahead of further plans to reduce the burden of red tape and support the government’s key mission of kickstarting growth across the country. The new Office will also help set the scene for when the UK hosts the International Investment Summit on Monday 14 October, where the Chancellor will make clear that the UK is “open for business” as the government resets relations with trading partners around the globe.

    The launch of the RIO comes hot on the heels of a raft of public and private investments announced on Sunday (6 October) aimed at transforming cancer treatments for patients while bringing a wave of cutting-edge UK-made MedTech products to the global market.

    The RIO’s mission will initially support the growth of four fast-growing areas of technology making a difference to people’s lives before backing further technologies and sectors as the Office evolves. These are: 

    • Engineering biology – this is the use of synthetic biology and biotechnology to create new products and services derived from organic sources. These technologies can improve health with new treatments like innovative vaccines, help create cleaner fuels and make food production more efficient and sustainable such as through pest resistant crops and cultivated meat. The new RIO will help regulators to bring those products to market safely and more quickly – realising the environmental and health benefits they can bring to our lives.
    • Space – the UK’s space industry is growing fast, supporting everything from GPS on phones to vital communication systems, as new innovations improve our weather forecasting to disaster response systems. To sustain this growth, regulatory reform is needed for greater agility and clarity help foster competition, encourage investment, and open up market access. 
    • Artificial Intelligence and digital in healthcare – with increasing pressures on the NHS, AI is set to revolutionise healthcare delivery so doctors can diagnose illnesses faster and improve patient care. It will help run hospitals more efficiently with medical staff able to spend less time on administration, cutting waiting times and it could enable more personalised medicines, tailoring treatment to individuals. RIO will support the healthcare sector to deploy AI innovations safely, improving NHS efficiency and patients’ health outcomes.
    • Connected and autonomous technology – autonomous vehicles like drones can deliver emergency supplies to remote areas quickly and efficiently and work to approve this technology could play a key part in supporting emergency services to keep people safe. Greater support could also enable more drones to be used by businesses across the UK, building on projects like the drone service used by Royal Mail to deliver to Orkney and improving efficiency.

    The cross-cutting nature of these emerging technologies, which do not fit neatly into existing regulatory frameworks can mean a slower process in getting them onto the market. The new Office will work closely with government departments including the Department for Transport, the Department for Health and Social Care, and the Department for Environment Food and Rural Affairs to address regulatory barriers in these initial growth areas.

    The new office will also bring regulators together and working to remove obstacles and outdated regulations to the benefit of businesses and the public, unlocking the power of innovation from these sectors to generate tens of billions of pounds for the UK economy in the coming years. 

    Science and Technology Secretary, Peter Kyle, said:

    The launch of the Regulatory Innovation Office, a key manifesto commitment, is a big step forward in bringing the UK’s most promising new technologies to the public faster and safely while kickstarting economic growth. 

    By speeding up approvals, providing regulatory certainty and reducing unnecessary delays, we’re curbing the burden of red tape so businesses and our public services can innovate and grow, which means more jobs, a stronger economy, and a better quality of life for people across the UK.  

    From breakthroughs that could help doctors diagnose illnesses earlier to satellite navigation for more accurate weather forecasting and getting emergency supplies to where they are needed, quickly and effectively, RIO will make sure UK companies are at the forefront of the next generation of technologies.

    The Science and Technology Secretary is also looking to appoint the RIO’s first Chair to lead the charge in backing business and safe innovation, and work with regulators and partners to shape a regulatory environment that is fit for the future. Applications are now being welcomed for an ambitious, visionary leader committed to driving that change.

    The organisation has been established within DSIT, where it will incorporate the existing functions of the Regulatory Horizons Council and the Regulators’ Pioneer Fund.

    Alongside the launch of the RIO, the government is already making progress in developing regulatory frameworks for emerging technologies, becoming the first country to outline how it will approach quantum regulation, offering certainty to the sector and encouraging the responsible development of the technology.  

    This is set out in our response to the Regulatory Horizon Council’s report on quantum technologies, also published today. It marks a crucial first step in regulating innovation in a technology that will increasingly underpin powerful computers, secure communications and advanced sensors, in sectors from healthcare to national security.   

    Alongside this package of announcements, today we are announcing:

    • A £1.6 million award to the Food Standards Agency (FSA) as part of round one of the Engineering Biology Sandbox Fund, which aims to test innovative regulatory approaches for products like cultivated meat. Cell-cultivated products are foods created through the isolation of cells from meat, seafood, fat, offal or eggs which are grown in a controlled environment. It could result in food production which is more environmentally friendly and sustainable, using just 1% of the land used for animal equivalents, while increasing food security. Programmes like this will help bring innovative food products to shop shelves safely but without unnecessary delay and at lower costs, giving consumers more choice.
    • The publication of new voluntary screening guidance for synthetic nucleic acid. These technologies allow companies to ‘print’ DNA and RNA, enabling academics and businesses to study and engineer biological systems that help sectors like healthcare and accelerate our path to net-zero. The guidance emphasises the government’s intent for a pro-innovation culture in the engineering biology ecosystem through providing well-defined guardrails for customers and producers of synthetic nucleic acid.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Banking: Verizon is ready, offers tips as Hurricane Milton approaches Florida

    Source: Verizon

    Headline: Verizon is ready, offers tips as Hurricane Milton approaches Florida

    ALPHARETTA, GA – As Hurricane Milton approaches the Florida coast, Verizon remains committed to keeping communities and first responders connected. In addition to a hardened network designed to withstand the most extreme conditions, Verizon’s engineers undertook steadfast preparation measures to ensure resources are in place for rapid response.

    “At Verizon, our top priority is supporting the communities we serve. Our responsiveness and partnership at times of crises truly matters” said Atlantic South Market President, Leigh Anne Lanier. “From families, to businesses, to first responders, we are here to provide the reliable service they can count on. Our team is working tirelessly to keep our customers connected now and in the days ahead.”

    In the aftermath of Hurricane Helene, satellite communications have proven to be an important communication tool when terrestrial services have been impacted. Make sure your phone is ready in advance. Customers with an iPhone 14 or newer should upgrade to iOS 18 to ensure they can send text messages or connect with emergency services via satellite. And for those with Google Pixel 9 devices, emergency messaging is also available via satellite. Both operating systems have demos available allowing customers practice in messaging via satellite in advance. Learn more, here.

    Verizon’s networks are primed

    Verizon’s networks are primed to maintain connectivity even in the face of extreme weather conditions. With redundancy built into critical paths and components, Verizon’s network is engineered with the goal of withstanding severe weather. Verizon engineers have prepared by conducting thorough checks, as well as ensuring backup systems, like batteries and generators, are operational and refueled. Verizon has also installed liaisons at area Emergency Operations Centers to allow seamless partnership with local, state, and government agencies to ensure a rapid restoration.

    In preparation for potential network recovery operations, Verizon has staged in close proximity a fleet of portable network solutions, including satellite-based portable network assets, providing crucial connectivity in scenarios where fiber connections are compromised, as well as mobile generators to assist communities in the result of commercial power loss.

    Verizon Frontline stands at the ready, prepared to assist first responders in any capacity needed

    The Verizon Frontline Crisis Response Team stands ready to help ensure that public safety agencies on the front line of any potential disaster have the mission-critical communications capabilities needed to achieve their missions. This team, composed primarily of former first responders and military personnel, is solely dedicated to supporting public safety customers during emergencies at no cost to the supported agencies.

    In the first nine months of 2024, the Verizon Frontline Crisis Response Team has responded to more than 1,000 requests for mission-critical communications support from more than 500 different agencies in 46 states.

    Being prepared is essential to support local businesses and communities

    Recognizing the critical role of connectivity in business continuity, Verizon Business provides a suite of solutions tailored for seamless operations during emergencies. Businesses and government organizations need the right game plan. Suggested actions include:

    • Mitigate customer disruption: Think about what you need to ensure continuous service to your customers, and what software and equipment your business needs to continue operations. Make a detailed list, including service contracts and warranty information, and all pertinent phone numbers for local authorities, utility companies, suppliers, and vendors.
    • The right tech makes an impact: Ensure you have the right technology to support your business connectivity needs assuming you might need to move away from your primary location.
    • Contacts and documents are key: Make sure you have contact information updated and readily available for all employees, including at-home information for remote workers and branch information for satellite offices.
    • Test, test, and test again: Stress-test primary and backup networks and shore up any weak areas.
    • Keep track of equipment: Ensure employees working from home have documented all corporate equipment being used to work from home in case of damage or loss.
    • Have a backup plan: Ensure backup plans are in place to shift work in case work-from-home employees in a storm-impacted area have to evacuate their homes or their home loses commercial power.

    Are you hurricane ready?

    Verizon’s team works year-round to ensure customers remain connected to their loved ones and the activities that provide comfort during a disaster. As residents prepare to stay connected and entertained, consider these tips:

    • Stock Up on power supplies like batteries for flashlights and radios or device chargers. Take it a step further by charging your devices that can act as chargers for other devices like laptops and power stations. Don’t forget to ensure you have the cables!
    • Download movies, books, apps and games in case of a power outage. Or gather board games, card games, and puzzles to go device-free.
    • Locate important documents that you may need later as well as sentimental photos and items.
    • Plan non-perishable meals. Keep a few non-perishable ingredients, like a manual can opener and other kitchen tools on hand.
    • Grab some candles, blankets, pillows, or anything that makes your hurricane safe space comfortable.
    • Read up on the American Red Cross’ hurricane preparedness tips.
    • Bookmark our Check Network Status page or go to My Verizon app and click Support Topics to notify us if you experience any network issues or to check to see if there are any known issues in your area. Enter your location, select the type of service issue, and we will provide a real time status update.

    More information

    Visit Verizon’s Online Emergency Resource Center, verizon.com/about/news/emergency-resource-center, for further details on Verizon’s emergency response capabilities.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Half a billion-pound investment in electric buses to spark a new era of green growth

    Source: United Kingdom – Executive Government & Departments

    Communities across the country will benefit from brand new, state-of-the-art green buses.

    • £500 million investment announced to deliver 1,200 UK-made zero emission buses, ensuring greener and better journeys for passengers
    • bus operator Go Ahead’s investment to benefit communities across the country, supporting hundreds of jobs and delivering growth
    • Transport Secretary brings together industry to advance opportunities for investment in the UK ahead of investment summit

    Up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead today (8 October 2024) announces a major £500 million investment to decarbonise its fleet, including creating a new dedicated manufacturing line and partnership with Northern Ireland-based bus manufacturer Wrightbus.

    The investment is set to fund the manufacturing of up to 1,200 new zero emission buses over the next 3 years. Built for operator Go Ahead, this investment will accelerate the transition to greener buses across the country including in Plymouth, Gloucestershire, East Yorkshire, London and the Isle of Wight.

    On top of directly supporting 500 manufacturing jobs, the £500 million investment for Wrightbus will also support an additional 2,000 jobs across the wider UK supply chain by 2026, helping to get us back on track for growth.

    The Transport Secretary will also announce plans to create a new UK Bus Manufacturing Expert Panel. This panel will bring together industry experts and local leaders to explore ways to ensure the UK remains a leader in bus manufacturing, help local authorities deliver on their transport ambitions, and begin to seize opportunities to embrace zero emission transport technologies.

    The Transport Secretary is expected to meet with key industry leaders today including Wrightbus owner Jo Bamford and CEO Jean-Marc Gales, to reaffirm the government’s commitment to decarbonising local transport and fostering an environment for investment in the UK manufacturing industry, bringing sustained economic growth and supporting jobs.

    The announcement comes ahead of the International Investment Summit, which will gather UK leaders, high-profile investors and businesses from across the world to discuss how we can deepen our partnership to drive investment and growth.

    The Transport Secretary is expected to hold several bilateral meetings at the summit with international business leaders and make clear the UK is “open for business” so that she can help attract further investment to support the delivery of our transport priorities across the country.

    The Prime Minister will also convene the first Council of Nations and Regions later this week, bringing together first ministers, Northern Ireland’s First Minister and Deputy First Minister and regional mayors from across England, as the government forges new partnerships, resets relationships to secure long term investment with the aim of boosting growth and living standards in every part of the UK.

    Transport Secretary, Louise Haigh said:

    The number one mission of this government is growing the economy. The half a billion pounds Go Ahead is announcing today shows the confidence industry has in investing in the UK.

    This announcement will see communities across the country benefit from brand new, state-of-the-art green buses – which will deliver cleaner air and better journeys.

    We’re creating the right conditions for businesses to flourish, so we can support jobs and accelerate towards decarbonising the transport sector.

    Under this government, Britain is open for business.

    For every vehicle manufactured, 10 trees will be planted by Go-Ahead and Wrightbus in the towns and cities where the buses are deployed.

    Buses, as the most used form of public transport, have been prioritised by this government from the outset. The Transport Secretary has made improving bus services and delivering greener transport 2 of her 5 core priorities.

    Last month, the Transport Secretary announced a package of measures to empower local leaders to take back control of their bus services and deliver services based on the needs of communities, to grow passenger numbers and deliver better services for all. 

    Building on this, the government’s new buses bill is set to be introduced in Parliament by the end of this year and will bring an end to the current postcode lottery by taking steps to improve bus services no matter where you live.

    Further details on the UK Bus Manufacturing Expert Panel will be confirmed in due course.

    Go-Ahead Bus CEO, Matt Carney said:

    This multi-million pound investment and partnership with Wrightbus will accelerate the transition to zero-emission fleet across the UK.

    We are proud to be working in partnership with the UK government and local authorities to deliver transformational environmental change for communities, while supporting UK jobs and the growth of the country’s supply chain. 

    Wrightbus CEO, Jean-Marc Gales said:

    The deal with Go-Ahead is hugely significant and represents a huge boost to the UK’s economy. It will support homegrown manufacturing, jobs and skills for the next three years and beyond. We’ve always been proud to support the UK’s supply chain and our Go-Ahead partnership will ensure even more money can be spent securing good green jobs.

    We must also not forget that this deal represents a massive step forward in our ambition to help decarbonise the transport sector with our world-leading products. It was heartening today to hear the government reaffirm its commitment to a green transport sector.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: News 10/7/2024 Blackburn Announces Pop-Up Office Hours to Assist Flood Victims in East Tennessee

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    NASHVILLE, Tenn. – In response to the devastating impact of Hurricane Helene in counties across East Tennessee, U.S. Senator Marsha Blackburn (R-Tenn.) announced pop-up office hours in affected counties for staff to provide immediate assistance to flood victims:
    “Our hearts go out to everyone affected by the recent flooding,” said Senator Blackburn. “As we continue to coordinate with local, state, and federal agencies to support recovery efforts, I want to ensure that every impacted resident has access to the resources they need.”

    ADDITIONAL INFORMATION:

    Pop-up office hours will be available to help residents access critical federal resources and navigate replacing any federal documentation that may be needed to receive federal assistance, including social security cards, veteran records, and tax information.
    Staff can also assist flood victims in following up on disaster assistance applications with the U.S. Small Business Administration (SBA) and the Federal Emergency Management Agency (FEMA). 
    Constituents are encouraged to bring any relevant documentation with them, such as proof of residency and identification, to streamline the process.
    For more information on pop-up office hours, please contact (423) 753-4009. 

    SCHEDULE AND LOCATIONS:

    Tuesday, October 8, 2024 – Johnson and Carter Counties
    Johnson County Courthouse – Lower Courtroom9:00AM – 12:00PM ET222 West Main StreetMountain City, TN 37683
    Carter County Courthouse – Mayor’s Conference Room2:00PM – 5:00PM ET
    801 E Elk AveElizabethton, TN 37643
    Wednesday, October 9, 2024 – Washington and Unicoi Counties
    Jonesborough Visitors Center Community Room9:00AM – 12:00PM ET117 Boone St.Jonesborough, TN 37659
    Erwin City Hall2:00PM – 5:00PM ET211 N Main AveErwin, TN 37650
    Thursday, October 10, 2024 – Greene and Cocke Counties
    Greene County Annex
    9:00AM – 12:00PM ET204 N Cutler St.Greeneville, TN 37745
    Cocke County Recreation Center2:00PM – 5:00PM ET466 Learning WayNewport, TN 37821
    Friday, October 11, 2024 – Hamblen and Hawkins Counties
    Hamblen County Mayor’s Office
    9:00AM – 12:00PM ET511 W 2nd St. Morristown, TN 37814
    Mayor’s Office Admin Building2:00PM – 5:00PM ET301 E. Washington St. Rogersville, TN 37857

    MIL OSI USA News

  • MIL-OSI USA: SBA Economic Injury Disaster Loans Available to Hawaii Small Businesses

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Small nonfarm businesses in Hawaii, Honolulu, Kalawao, Kauai and Maui counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought in Honolulu and Kauai counties that began Aug. 6.

    “SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Sánchez said.

    When farmers face crop losses and a disaster is declared by the Secretary of Agriculture, SBA working capital loans become a lifeline for eligible small businesses. “These loans are the backbone that helps rural communities bounce back and thrive after a disaster strikes,” Sánchez continued.

    Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

    “Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent for businesses and 3.25 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Sánchez added.

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

    By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Sept. 30.

    Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Service Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

    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.

    The deadline to apply for economic injury is May 30, 2025.

    ###

    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: Reserve Bank – RBNZ releases Annual Report 2024

    Source: Reserve Bank of New Zealand

    8 October 2024 – The Reserve Bank of New Zealand – Te Pūtea Matua has today published its Annual Report covering the year from 1 July 2023 to 30 June 2024.

    Board Chair Professor Neil Quigley says the past year’s achievements have laid the foundations to enable significant, multi-year programmes of work.

    “The Board’s major focus this year has been to evolve our strategy and performance framework. In June, we published our refreshed Statement of Intent for 2024-2028, which, alongside our Performance Expectations, outlines our accountability for delivering on our mandate,” Professor Quigley says.  

    Over the next few years, as we continue to develop as an organisation, we will also evolve how we assess and report on our achievement against our strategic themes, outcomes and key activities.

    Highlights this year include the implementation of one of the largest programmes of work, the Deposit Takers Act; commencing the implementation of the Foreign Reserves Management and Coordination Framework; delivering our Outsourcing Policy (BS11); and the new payments messaging format (ISO 20022). All of which have helped to ensure New Zealanders can have confidence in our financial system.

    Governor Adrian Orr acknowledges we continue to operate in a challenging external environment. Global economic growth remains below trend. However, our monetary policy actions have reduced capacity pressures in the New Zealand economy and lowered consumer price inflation to 3.3 percent in June 2024, down from 6 percent in June 2023.

    “I am proud of the gains we have made as we continue to progress our vision of a trusted, inclusive, resilient, and competitive financial system,” Mr Orr says.

    “We are also exploring the future of money and role of digital currencies; we have published our Approach to Financial Inclusion; updated our Te Ao Māori strategy – Te Waka Hourua; and we will release our first climate-related financial disclosure later in October. Each initiative is moving us closer towards our vision.”

    In line with our dividend principles, the RBNZ is required to recommend to the Minister the amount of dividend to be paid to the Crown at the end of each financial year. The Minister of Finance has agreed that the RBNZ will pay a dividend of $597 million in 2023/24.
     

    More information

    Annual Report 2024 – Reserve Bank of New Zealand – Te Pūtea Matua (rbnz.govt.nz) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=038b58eb69&e=f3c68946f8

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: ASB delivering Kiwis the best in digital banking

    Source: CanStar

    October 8, 2024: Congratulations to ASB, the winner of Canstar’s Award for Bank of the Year | Digital Banking, for the third consecutive year.

    According to Canstar’s latest research, 96% of bank customers use digital banking, and 94% do all their banking online. However, digital banking habits are still evolving.

    Smartphones have transformed the way we manage our day-to-day finances: four years ago, half of Kiwis (49%) used mobile banking apps, while 42% accessed accounts through bank websites. Those figures now stand at: 70% mobile apps and 23% bank websites.

    And leading the field in transforming the way we access online banking is ASB.

    In awarding ASB Canstar’s Bank of the Year | Digital Banking title for the third year in a row, our research team noted that ASB had maintained its market-leading position across several key digital banking categories, via the ASB Mobile Banking app and its online banking portal.

    Tom Slee, Canstar Group Manager – Wealth, Health & New Zealand says, “Most of us rely on our phones to conduct all our everyday banking, and ASB’s customers truly have the power to control their finances at their fingertips.

    “ASB’s Mobile Banking app not only makes everyday banking easy, it empowers ASB customers to set savings goals and stick to them, thanks to innovated features such as Goal Planner, Spend Tracker and the Save the Change tool. Congratulations to ASB for achieving a hat-trick of Digital Banking Awards – it’s a well-deserved accomplishment.”

    ASB’s Executive General Manager Technology and Transformation, David Bullock says, “Financial wellbeing is at the heart of everything we do, and one of the many ways we are championing this is through tools such as Spend Tracker, Support Finder, Save the Change and Card Tracker. In the past financial year, more than half a million of our customers used at least one of our digital financial wellbeing tools to help get ahead and achieve their goals.

    “We’ve also continued to develop our communication channels for customers, with improvements to our chatbot, Josie, as well as introducing the ability for customers to message us directly through the ASB mobile banking app. We’re incredibly proud of the work we’re doing in this space and it’s great to have this recognised by Canstar.”

    Canstar Bank of the Year | Digital Banking Award

    Canstar’s expert research team assessed the winner of its 2024 rating methodology and feedback from 3851 bank customers. The offers customers the strongest combination of products, features and tools across offerings.

    The award is designed to help consumers make more informed financial choices and sits alongside Canstar’s other awards, covering banking, insurance and KiwiSaver products.

    Click here for more information on ASB’s win: https://www.canstar.co.nz/digital-banking/best-digital-banking/

    MIL OSI New Zealand News

  • MIL-OSI: Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution

    Source: GlobeNewswire (MIL-OSI)

    DOVER, Del., Oct. 07, 2024 (GLOBE NEWSWIRE) — Liqueous LP, a leading multi-strategy fund, focused on leveraging emerging technologies to set a new industry standard for how micro, small, and mid-market issuers access growth capital, is pleased to announce a comprehensive $65 million financing program for Nuburu Inc. (NYSE American: BURU), a trailblazer in high-power industrial blue laser technology. This financing program, structured jointly with the team at Nuburu, provides terms designed to deliver predictable, strategic, and low-cost capital while minimizing dilution, significantly exceeding Nuburu’s current market cap of approximately $2.6 million, underscoring the company’s substantial intrinsic value and transformative potential across multiple industries.

    The investment includes a $15 million direct capital injection and the establishment of a $50 million equity line of credit (ELOC), designed to accelerate Nuburu’s expansion in sectors such as e-mobility, healthcare, defense, and consumer electronics. This strategic financing solution mitigates dilution through pre-funded warrants, executed at market prices at the time of investment, allowing for possible price appreciation and flexibility across each tranche. Liqueous LP’s investment is aligned with the market value, ensuring the PIPE is funded at market price without any discounts, resets, or toxic dilutive features

    Jacob M. Fernane, Managing Partner at Liqueous LP, commented:

    “This is a very comprehensive financing solution that provides Nuburu with predictable capital while minimizing dilution and market disruption. The financing is structured at market value with no toxic elements, ensuring our investment aligns with Nuburu’s continued success and growth. Our partnership with Nuburu reflects our strong confidence in the intrinsic value of the company’s technology and its potential to revolutionize multiple high-growth industries.”

    Under the Master Transaction Terms Agreement, Liqueous LP will provide Nuburu with immediate capital, including an initial $3 million investment via pre-funded warrants, followed by weekly capital infusions of $1.25 million until an additional $10 million is invested. Additionally, Nuburu will have access to a $50 million equity line of credit (ELOC), giving the company flexibility for future growth, including a $2.5 million convertible note that is available for immediate use.

    This financing has been structured in a way that avoids unnecessary dilution, leveraging pre-funded warrants with registration rights, while allowing the company to raise capital incrementally at market prices. This approach provides Nuburu with substantial liquidity to scale its operations while validating the company’s underlying value.

    Nuburu’s recent contracts with NASA, along with its pioneering blue laser technology and key clients including the U.S. Navy and GE Additive, demonstrate the company’s growing market presence in industries that require precision and high-speed processing, such as space exploration and aerospace.

    Brian Knaley, CEO of Nuburu, added:

    “We are excited to partner with Liqueous LP in what is a significant step forward for our company. This financing strengthens our financial position and underscores the confidence Liqueous has in our groundbreaking technology and our ability to transform key industries. The fact that this financing comes with favorable terms and limited dilution is a testament to the value both sides see in our long-term potential.”

    About Liqueous LP

    Liqueous LP is an innovative, multi-strategy fund focused on leveraging emerging technologies to provide a new industry standard for how micro, small, and mid-market issuers access growth capital. By utilizing proprietary technology and advanced risk management solutions, Liqueous delivers long-term, low-cost capital that optimizes value and mitigates risk for its portfolio companies. Liqueous specializes in bespoke financing structures including shareholder liquidity products such as REPOs, block trades, and other asset-backed instruments. To learn more, visit http://www.liqueous.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that involve risks and uncertainties, including those related to Liqueous LP’s and Nuburu’s financial performance and future business activities. These statements are based on current expectations and projections, but actual results may differ due to market conditions or strategic shifts. Liqueous LP is under no obligation to update these forward-looking statements except as required by law.

    Contact:
    info@liqueous.com

    The MIL Network

  • MIL-OSI USA: Cassidy Participates in Ribbon-Cutting Ceremony for Monroe Street Project in Ruston

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    MONROE – This afternoon, U.S. Senator Bill Cassidy, M.D. (R-LA) participated in the ribbon-cutting ceremony for the Monroe Street Corridor Project, which will improve roads and create more space for runners and cyclists in Ruston, including at Louisiana Tech University.
    “This street is an example of when Louisiana leaders serving in Washington connect with local leaders in Louisiana. I was pleased to combine my efforts with those locally to carry out a vision that makes Ruston and Louisiana better for our citizens,” said Dr. Cassidy. 
    Thanks in part to a $17.1 million RAISE Transportation Discretionary Grant, the Monroe Street Corridor Project has reached completion, and will yield over $3.47 in net public benefits compared to every single dollar invested. By revitalizing brownfield sites, embracing features like LED lighting and via other measures, Ruston is making the Monroe Street corridor safer for drivers, joggers, and cyclists, including at Louisiana Tech.
    The Infrastructure Investment and Jobs Act (IIJA) provides $7.5 billion for similar projects around the state. Just this year, over $10 million was distributed from the IIJA for projects in Lafourche, Plaquemines, and St. Tammany Parishes. Additionally, $900,000 was granted from the IIJA for the Ruston Regional Airport, and $7.5 million was secured in separate appropriations by Cassidy for utility upgrades in Ruston and for domestic semiconductor technology research at Louisiana Tech.
    Cassidy was hosted at the ribbon-cutting ceremony by Louisiana Tech President Jim Henderson and Ruston Mayor Ronny Walker, who praised his leadership and advocacy for the City of Ruston.
    “This project will make it easier for our neighbors, students and visitors to travel through Ruston, to get to work or class, or to enjoy our downtown,” said Mayor Walker. “And it will make it safer to drive, and add to the more than 30 miles of walking and biking trails in our great city. We appreciate Senator Cassidy’s support of this project, and his continued work to help us meet our infrastructure needs.”
    Earlier, Cassidy spoke to the Ruston-Lincoln Chamber of Commerce and with members of the Lincoln Parish Police Jury, to discuss many of the opportunities available for the parish in the IIJA and via separate appropriations. Money is still available in the IIJA for roads, water and sewage projects, and flood mitigation, and Cassidy will be hosting a series of rural community funding summits this month to expose local leaders to those opportunities.
    “Lincoln Parish and Louisiana Tech are examples for the rest of the state on how to build safe and livable cities and campuses. That is only possible thanks to our partnership with elected officials, business leaders and university officials dedicated to this community,” said Dr. Cassidy. 
    At the Chamber, he was introduced to the group by Mr. Thomas Graham, chair of the Ruston-Lincoln Chamber of Commerce Board of Directors, and was welcomed to the Lincoln Parish Police Jury office by Mr. Courtney Hall, the administrator for Lincoln Parish.
    “We always enjoy hosting Senator Cassidy and want to thank him for providing such an engaging update to our business community,” said Mr. Graham. “We are grateful to Senator Cassidy for his steadfast leadership in Washington, D.C., and for representing our interests in North Louisiana.”
    “We are grateful that Senator Cassidy and his staff have taken time out of their busy schedule to meet with the Lincoln Parish Police Jury to discuss Federal funding opportunities for local projects,” said Mr. Hall. “Lincoln Parish is experiencing unprecedented growth and getting these Federal tax dollars back and working at the local level is critical to ensuring that our transportation infrastructure keeps up with that rapid growth.”

    MIL OSI USA News

  • MIL-OSI USA: Reed Holds Manufacturing Roundtable to Help Ocean State Businesses Optimize Economic Growth

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    PAWTUCKET, RI – Highlighting Rhode Island’s vital manufacturing sector and the continued growth of advanced manufacturing across the Ocean State, U.S. Senator Jack Reed today convened a roundtable discussion with local businesses that produce Rhode Island made products.
    During the forum, small business leaders, industry experts, and manufacturing assistance organizations discussed key challenges and trends facing local manufacturers and several programs geared toward helping entrepreneurs grow and optimize their businesses.
    Partnering with Polaris MEP, a statewide non-profit ‘manufacturing extension partnership’ that serves as a manufacturing support center, and the Rhode Island Manufacturers Association, Senator Reed today heard from several local manufacturers about challenges, successes, and a wide range of issues from child care and health care to infrastructure and supply chains to workforce development and cutting red tape.
    “Rhode Island’s manufacturers are critical to our economy.  They are powered by innovation and produce a range of well-made products, as well as jobs and opportunities. When manufacturers grow and thrive, so does our economy.  That’s why I continue working at the federal level to support our small businesses and strengthen Rhode Island’s manufacturing ecosystem.  That includes investing in workforce development and making sure we have the right programs in place to connect people to in-demand job skills and ensure enough qualified candidates to fill job vacancies,” said Senator Reed.  
    Rhode Island is home to over 1,600 manufacturing companies that employ approximately 8.5 percent of the Ocean State’s total workforce.  Rhode Island’s manufacturers have a multiplying effect across the state’s economy, with every $1 in pay for manufacturing workers resulting in an income increase of 90 cents for other workers in the state. 
    According to Rhode Island Commerce, the total economic output from the state’s manufacturers was $5.28 billion in 2021.
    Senator Reed says that strengthening and expanding efforts on the federal level to support Rhode Island’s manufacturers will help increase wages, bolster the state’s economy, and better position the state to be a leader in numerous industries.
    “Hearing from today’s group of outstanding leaders in the manufacturing community, it is clear that our state’s manufacturing landscape continues to strengthen and evolve,” said Senator Reed.  “Today’s manufacturers rely on increasingly skilled and specialized employees to operate sophisticated, computer-based machinery and technology. I will continue to support our manufacturers, lower costs for businesses, and ensure the dedicated employees who power our economy are paid good wages for their hard work.  I will bring the messages I heard today back to our nation’s capital to ensure we can continue to support small business here in Rhode Island and nationwide.”
    Celebrated every October, Manufacturing Month recognizes and promotes the success of U.S. manufacturers in the global marketplace while encouraging sustained growth and innovation in a variety of industries.
    This year’s roundtable included business owners and representatives from the Cooley Group, a Pawtucket manufacturer of advanced textiles with industrial, commercial, and defense applications; Chi Kitchen, a Pawtucket food manufacturer; SENESCO Marine, a Quonset boatbuilder that works closely with the offshore wind industry and develops new, state-of-the-art hybrid ferries; Dewetron, an East Greenwich manufacturer of computerized testing technology used in the aerospace industry and by the National Aeronautics and Space Administration (NASA); and Reade Advanced Materials, an East Providence chemical manufacturer with a global reach.

    MIL OSI USA News

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

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    MONROE – This morning, U.S. Senator Bill Cassidy, M.D. (R-LA) hosted his first Rural Community Funding Summit of 2024 in Monroe, to connect mayors, city council members, and other local officials in Northeast Louisiana with those responsible for distributing funds from his Infrastructure Investment and Jobs Act (IIJA). 
    “My goal is for Northeast Louisiana to do as well as it possibly can,” said Dr. Cassidy. “Working in partnership with local officials to get resources to fix infrastructure is the way to get it done. This returns our tax dollars to our communities.”
    Since its inception, over $9.1 billion has been distributed from the IIJA to Louisiana for various projects. In Ouachita Parish alone, millions of dollars are going to highway surface transportation projects, including over $3.4 million for US 80: LA 617-Ouachita River Bridge, over $2.9 million for Finks Hide-A-Way: Barkley-Bayou Oaks, and over $2.5 million for Lee Avenue: Jackson Street-Standifer Avenue. Cassidy’s IIJA is also helping bring about I-20 corridor intercity passenger rail service, which when completed will run through Monroe, Ruston, and Shreveport to Dallas. Millions have also been secured to clean up brownfields and improve the Monroe Regional Airport.
    Other notable grants for Northeast Louisiana include over $17.5 million for Mound Rest Area reservations in Madison Parish, over $15.2 million for two major surface transportation projects in West Carroll Parish and over $10.5 million for the Ouachita River and LA Highway 165 Multimodal Connectivity and Safety Project in Caldwell Parish. Other road, bridge, and Corps of Engineers projects are being funded throughout the region, and orphan wells are also being addressed.
    Several federal and state agencies were represented at the summit. The summit was co-hosted by the Louisiana Municipal Association, along with the Mayors of Monroe and West Monroe, who thanked Cassidy for putting together the summit and sponsoring the IIJA.
    “Senator Cassidy is a great friend of Monroe and makes sure we get our fair share of federal infrastructure dollars, whether it’s widening roads, improving our airport, or building passenger rail that will connect us to Dallas,” said Monroe Mayor Friday Ellis. “We know we can count on him to advocate for us. I appreciate the Senator’s intentionality at making sure rural communities know that no matter the size of the community, they deserve this information and access to funding. And thanks to this rural community funding summit, our neighbors will also be able to enjoy the benefits of his work. We look forward to working together to make Northeast Louisiana a better place to live and work.”
    “West Monroe is already benefiting from Senator Cassidy’s infrastructure bill, thanks to a major grant to boost our recycling efforts, and other communities can receive help with water, sewage and transportation projects, among others,” said West Monroe Mayor Staci Mitchell. “We appreciate the opportunity to host this summit, to connect leaders throughout the region with the opportunities available to them. Thank you Senator Cassidy for your efforts.”
    Five more rural community funding summits will be held throughout Louisiana, including one on Tuesday at the Minden Recreation Complex on 1001 Recreation Drive, and another on Wednesday at the Leesville Event Center on 608 Nolan Trace. Both will begin at 9 AM. For more information, please contact Shawn Hanscom at shawn_hanscom@cassidy.senate.gov.

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center Opens in Dixmoor

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Dixmoor

    Disaster Recovery Center Opens in Dixmoor

    SPRINGFIELD – A FEMA/State Disaster Recovery Center will open Tuesday, October 8, 2024, to help residents kickstart their recovery after the July 13 – 16, 2024, severe storms, tornadoes, straight-line winds and flooding.

    Specialists from FEMA, the state of Illinois and the U.S. Small Business Administration will be at the center to help survivors apply for federal disaster assistance, upload documents, get their questions answered in person, access other types of help that may be available and learn ways to make their property more disaster resistant.

    The center will be open at the following location, days and hours:

    Dixmoor Village Community Center
    14336 Paulina St.
    Dixmoor, IL 60426
    Hours: Mon. – Sun. 8 a.m. – 7 p.m.

    Additional recovery centers will be opening in other impacted counties soon. To find the center nearest you, visit FEMA.gov/DRC. Survivors may visit any center for assistance.

    Assistance in languages other than English, including American sign language, and translated materials are available at these centers. Disaster Recovery Center locations are chosen for their accessibility, with the goal of reaching as many people as possible. Accessible parking spaces are available at all centers.

    Survivors don’t need to visit a Disaster Recovery Center to apply for FEMA assistance. To apply without visiting a center, go online to DisasterAssistance.gov, download the FEMA mobile app or call the FEMA Helpline at 800-621-3362. If you use a relay service such as video relay service, captioned telephone service or others, give FEMA your number for that service when you apply.

    For even more information about the disaster recovery operation in Illinois, visit www.fema.gov/disaster/4819.  

    kimberly.keblish

    MIL OSI USA News

  • MIL-OSI Submissions: Energy Sector – Equinor acquires a 9.8% minority stake in Ørsted

    Source: Equinor

    07 OCTOBER 2024 – Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (“Ørsted”), corresponding to 9.8% of the shares and votes in the company.

    The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.

    “Equinor has a long-term perspective and will be a supportive owner in Ørsted. This is a counter-cyclical investment in a leading developer, and a premium portfolio of operating offshore wind assets. The exposure to producing assets complements Equinor’s operated offshore wind portfolio of large projects under development”, says Anders Opedal, CEO of Equinor.

    Equinor is supportive of Ørsted’s strategy and management, and is not seeking board representation.

    “This investment is in line with Equinor’s strategy of value driven growth in renewables. The offshore wind industry is currently facing a set of challenges, but we remain confident in the long-term outlook for the sector, and the crucial role offshore wind will play in the energy transition”, says Opedal.

    Ørsted has a net renewable generation capacity of around 10.4 GW, and a gross portfolio of offshore wind projects in execution of around 7 GW. The company’s ambition is to achieve a gross installed renewable capacity of around 35 to 38 GW by 2030. (1)

    Equinor’s ownership position has been built over time, through a combination of market purchases and a block trade.

    The current market value of Equinor’s holding in Ørsted is around USD 2.5bn, based on a closing price Friday 4 October of DKK 418 per share and a USD/DKK exchange rate of 6.8.

    Subject to obtaining regulatory approvals under applicable Foreign Direct Investment regulations, Equinor intends to increase its ownership to 10%. There are currently no plans to further increase the stake.

    The transaction will be executed within Equinor’s communicated financial framework.

    * * *

    (1) Net renewable generation capacity refers to the company’s equity share of offshore wind, onshore wind and solar generation capacity. Offshore wind projects in execution and the 2030 ambition are gross (100%) numbers. The ambition also includes onshore renewable energy, power-to-X and bioenergy. Source: Ørsted’s Q2-24 presentation and asset book.

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

    MIL OSI – Submitted News