Category: Business

  • MIL-OSI USA: Baldwin, Shaheen Lead Bill to Make Affordable Care Act Premium Tax Breaks Permanent, Lowering Costs for Millions of Americans

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – Today, U.S. Senator Tammy Baldwin (D-WI) and Jeanne Shaheen (D-NH) introduced the Health Care Affordability Act—legislation to make permanent the Affordable Care Act’s (ACA) enhanced premium tax credits (PTCs) for millions of Americans who use the Health Insurance Marketplace for coverage. The enhanced PTCs, which have made health care more affordable and accessible for millions of Americans, are currently set to expire at the end of 2025. If this provision expires, over 20 million Americans will see a sudden increase in their health insurance costs, an estimated three million Americans could lose their health insurance entirely, and nearly nine million people will pay more—roughly $406 per person—for coverage.
    “I’m focused on the kitchen table issues that keep families up at night and the skyrocketing cost of health care and prescription drugs is high on that list. I fought hard to cut health care costs for Wisconsinites – saving thousands of families hundreds of dollars each year – and I refuse to let us go backward,” said Senator Baldwin. “Our legislation will stop millions of hard-working Americans from having their healthcare costs jacked up, giving families peace of mind that they can get the quality health care they need at a price they can afford.”
    “For years, the ACA enhanced premium tax credits have significantly lowered costs and increased access to health insurance for families in New Hampshire and across the country. But let’s be very clear: if Congress fails to act before these tax credits expire, tens of millions of Americans will suffer a substantial increase in health care costs and millions of individuals could lose their health insurance entirely,” said Senator Shaheen. “It’s time to extend these highly effective tax credits to keep costs from skyrocketing and ensure health care is within reach for every American, and I’m proud that our Health Care Affordability Act does just that.”
    In Wisconsin, over 230,000 Wisconsinites are receiving advanced premium tax credits, averaging a monthly savings of over $500. Senator Baldwin first voted to expand the premium tax credit in the American Rescue Plan Act. This expansion of premium tax credits marked the biggest improvement to the ACA since it became law over a decade ago. When the tax credits were set to expire at the end of last year, Baldwin voted to extend their authorization through December 2025 in the Inflation Reduction Act.
    Cosponsors of Shaheen and Baldwin’s bill include U.S. Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), Richard Blumenthal (D-CT), John Fetterman (D-PA), Jacky Rosen (D-NV), Tim Kaine (D-VA), Amy Klobuchar (D-MN), Kirsten Gillibrand (D-NY), Tina Smith (D-MN), Sheldon Whitehouse (D-RI), John Hickenlooper (D-CO), Mazie Hirono (D-HI), Ben Ray Luján (D-NM), Peter Welch (D-VT), Michael Bennet (D-CO), Laphonza Butler (D-CA), John Tester (D-MT), Chris Van Hollen (D-MD), Mark Warner (D-VA), Elizabeth Warren (D-MA), Chris Coons (D-DE), Gary Peters (D-MI), Richard Durbin (D-IL), Tammy Duckworth (D-IL), Brian Schatz (D-HI), Tom Carper (D-DE), Bob Casey (D-PA), Cory Booker (D-NJ), Angus King (I-ME), Maggie Hassan (D-NH), Catherine Cortez Masto (D-NV), Ed Markey (D-MA), Mark Kelly (D-AZ), George Helmy (D-NJ), Ben Cardin (D-MD), Debbie Stabenow (D-MI), Patty Murray (D-WA), Raphael Warnock (D-GA), Chris Murphy (D-CT) and Martin Heinrich (D-NM).

    MIL OSI USA News

  • MIL-OSI USA: McConnell: Subservience To Autocrats Neither An American Value Nor Strategic Interest

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    ‘Hungary’s leaders have made no secret of their conviction that the future is one of American decline. They’re not hiding the ways they’re preparing for American weakness and betting on our failure. There’s nothing tough about bowing to autocrats. And there’s nothing for America’s leaders to gain by praising those who do.’
    WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding NATO:
    “I’ve spoken frequently about the welcome signs that America’s European allies are waking up to the strategic challenge posed by the PRC, and to the dangers of predatory Chinese influence in their own backyards.
    “Like America, our allies are watching the flaws of China’s statist economic model laid bare. They’re increasingly wary to hitch their wagons to a totalitarian system that stifles innovation, discourages free thought, and complicates free enterprise.
    “They’re hesitant to take risks in a system where the rule of law is trampled by the whims of the state, and assets are subject to expropriation by the regime.
    “Encouraging progress, like a German security strategy that explicitly recognizes the Chinese threat, and efforts across the EU to reduce reliance on Chinese technologies, presents opportunities for the West to work closer together. To secure supply chains. And to lower barriers to cooperation among allies.
    “Unfortunately, this progress is not across-the-board. China may not be a safe business partner, but it’s still an enticing one for far too many economies… including within the NATO alliance.
    “I’ve spoken before about Hungary’s decade-long drift into the orbit of the West’s most determined adversaries. It’s an alarming trend. And nobody – certainly not the American conservatives who increasingly form a cult of personality around Prime Minister Viktor Orban – can pretend not to see it.
    “Hungary’s leaders aren’t cozying up to Moscow, Beijing, and Tehran in private. They’re doing it publicly and vocally as well.
    “The Orban government has welcomed China’s view of a ‘European bridgehead’ in Hungary as the perfect complement to its own declared policy of an ‘opening to the East.’ And it hasn’t been shy about turning words into actions.
    “When Chinese state enterprise has said jump, Hungarian officials have asked, how high?
    “As European allies began to heed warnings from the Trump Administration to reduce reliance on Chinese industry and technology, Budapest repeatedly blocked EU progress and welcomed a geyser of Chinese Belt-and-Road investment.
    “Included in the torrent of PRC influence was five-hundred-million Euros from a Chinese electric vehicle manufacturer to build a new facility on Hungarian soil… and another seven-billion-euro investment in a new EV battery plant.
    “Meanwhile, the Prime Minister of a former vassal of Russian communism has nothing but praise for the neo-Soviet imperialist responsible for the first major land war in Europe since 1945.
    “Viktor Orban describes the regime that has sacrificed tens- if not hundreds of thousands of Russian lives and more than $200 billion dollars in military force for its unprovoked – and thus far unsuccessful – aggression against Ukraine as ‘hyper-rational’.
    “But this NATO Prime Minister doesn’t just admire Putin. He helps him. His government runs interference for Moscow, gumming up European and trans-Atlantic efforts to combat Russia’s unlawful aggression at every turn.
    “European allies are providing more assistance to Ukraine than the US is, but Americans who complain the EU isn’t doing more to help Ukraine should look no further than to Budapest’s efforts to block additional EU assistance for the answer.
    “And then there’s Budapest’s relationship with the Islamic Republic of Iran. Hungary’s Foreign Minister has bemoaned that ongoing international sanctions make it ‘really challenging to build effective economic and trade cooperation’ with the world’s most active state sponsor of terror.
    “I have little sympathy for Hungarian companies that struggle to profit from their ties to the genocidal regime in Tehran.
    “Of course, that hasn’t stopped Hungarian firms from committing tens of millions of dollars to financing joint nuclear projects with Iran.
    “It didn’t stop a national Hungarian university from inviting the former Iranian President to a conference on ‘common values in the global environment’.
    “’Common values’ with Tehran. And here I thought it was American conservatives who claimed shared values with Hungary’s ruling party. Has the Orban government forgot its adoring fans on this side of the Atlantic?
    “No. Hungary’s leaders have made no secret of their conviction that the future is one of American decline. They’re not hiding the ways they’re preparing for American weakness and betting on our failure.
    “There’s nothing tough about bowing to autocrats. And there’s nothing for America’s leaders to gain by praising those who do.
    “Subservience to revanchist powers is not an American value. But far more importantly, it is not in America’s interests.”

    MIL OSI USA News

  • MIL-OSI Europe: EIB provides €220 million to Nexi to back digital payment innovation in Europe

    Source: European Investment Bank

    EIB

    • The new funds will contribute to the development of the group’s innovative digital payment products and services.
    • The projects financed will support the group’s sustainability-related environmental, social and governance goals, which have already been announced to the market.

    The European Investment Bank (EIB) is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. The agreement was announced today in Milano by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.

    Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments in Europe, and to finance specific initiatives that leverage the expertise of Nexi Digital, a European technological innovation hub created in collaboration with Reply, an Italian company and European leader in digital transformation.

    The identified projects are fully aligned with Nexi Group’s environmental, social, and governance (ESG) objectives, which have already been communicated to the market. These include promoting digital payment innovation across Europe, creating jobs for young people and in disadvantaged areas, and enhancing environmental sustainability by optimizing data centres and developing cloud-based activities.

    This is the first EIB loan granted to a publicly listed company in the digital payments sector, underscoring Nexi’s commitment to advancing the digital and technological transition.

    EIB Vice-President Gelsomina Vigliotti commented: “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce the use of cash and prevent fraud and tax evasion. This operation highlights the EIB’s commitment to promoting digitalisation and innovation in businesses and public sector organisations, which are key elements of the National Recovery and Resilience Plan.”

    Nexi Group CFO Bernardo Mingrone added: “We are proud that the European Investment Bank has recognised our ongoing commitment to the development of innovative products and services promoting digital payment reliability and security, two key requirements for rolling out these services in the European countries where we operate. This agreement is further confirmation that even major players like the EIB recognise Nexi’s vital role in developing and supporting digitalisation in Europe.”

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances sound investments that can contribute to EU policy. EIB projects strengthen competitiveness, foster innovation, promote sustainable development and improve social and territorial cohesion while supporting a fair and rapid transition towards climate neutrality. In the past five years, the EIB Group has provided more than €58 billion in financing for projects in Italy.

    Nexi is Europe’s PayTech company operating in high-growth, attractive European markets and technologically advanced countries. Listed on Euronext Milan, Nexi has the scale, geographic reach and abilities to drive the transition to a cashless Europe. With its portfolio of innovative products, e-commerce expertise and industry-specific solutions, Nexi provides flexible support for the digital economy and the entire payment ecosystem globally, across a broad range of different payment channels and methods. Nexi’s technological platform and the best-in-class professional skills in the sector enable the company to operate at its best in three market segments: Merchant Solutions, Issuing Solutions and Digital Banking Solutions. Nexi constantly invests in technology and innovation, focusing on two fundamental principles: meeting, together with its partner banks, customer needs and creating new business opportunities for them. Nexi is committed to supporting people and businesses of all sizes, transforming the way people pay and businesses accept payments. It offers companies the most innovative and reliable solutions to better serve their customers and expand. By simplifying payments and enabling people and businesses to build closer relationships and grow together, Nexi promotes progress to benefit everyone. www.nexi.it/en www.nexigroup.com

    MIL OSI Europe News

  • MIL-OSI Europe: SDG Flag Day in Lugano: Cities play a key role in implementing sustainable development goals

    Source: Switzerland – Federal Administration in English

    Bern, 25.09.2024 – Since 2019, SDG Flag Day has been held every year on 25 September on the initiative of the business community (via the UN Global Compact). Schools, communes, organisations, companies and governments fly flags to symbolically express their support for the 2030 Agenda and its 17 Sustainable Development Goals (SDGs). At the SDG Flag Day event in Lugano, the two Federal Council delegates for the 2030 Agenda, Markus Reubi and Daniel Dubas, emphasised the key role of cities in implementing the 2030 Agenda.

    Whether it’s access to green spaces and public areas, sustainable transport systems, waste sorting or involving all stakeholders in urban planning, cities face particular challenges in the field of sustainability. Although they only cover 3% of the earth’s surface, they consume three quarters of global resources and are responsible for 75% of global emissions. The 2030 Agenda therefore also addresses this topic in SDG Goal 11, ‘Sustainable cities and communities’.

    Swiss cities and communes need to become inclusive, resilient and environmentally friendly. To mark this year’s SDG Flag Day, the city of Lugano is providing various examples of how it is driving forward the implementation of the 2030 Agenda.

    “Through its #luganosostenibile programme, Lugano is one of the many cities using their proximity to citizens to implement solutions in different areas of the 2030 Agenda,” says Markus Reubi, deputy head of the Prosperity and Sustainability Division (PSD) of the FDFA and one of the Federal Council’s two delegates for the 2030 Agenda. Mr Ruebi took part in SDG Flag Day in Lugano together with the other Federal Council delegate for the 2030 Agenda, Daniel Dubas. According to Mr Dubas, who heads the Sustainable Development Section of the Federal Office for Spatial Development (ARE), ‘cities are a key driver of sustainable development in Switzerland, especially as almost three quarters of the population live in cities and peri-urban areas.’

    Today’s event in Lugano marks the start of a deeper collaboration between the FDFA and a range of cities in the field of sustainability, a development that will be highlighted at a city symposium on SDG Flag Day 2025.

    2030 Agenda

    The 2030 Agenda is the global frame of reference for local, national and international efforts to find joint solutions to major international challenges such as climate change, resource consumption, biodiversity conservation and health crises. The 2030 Agenda was adopted on 25 September 2015 by 193 UN member states, including Switzerland. It applies to all countries and sets the SDGs to be achieved by 2030. In Switzerland too, the 2030 Agenda is the guiding framework for sustainability policy.
    At the heart of the 2030 Agenda are the 17 SDGs and their 169 targets. These are structured around five guiding principles: people, planet, prosperity, peace and partnership. With these five principles, the 2030 Agenda aims to safeguard human well-being, economic development and environmental protection as well as addressing aspects such as peace, the rule of law and governance. SDG Flag Day is an initiative of the UN Global Compact, a global network of companies that are committed to the goals of the 2030 Agenda.


    Address for enquiries

    FDFA Communication
    Federal Palace West Wing
    CH-3003 Bern, Switzerland
    Tel. Press service: +41 58 460 55 55
    E-mail: kommunikation@eda.admin.ch
    Twitter: @SwissMFA


    Publisher

    Federal Department of Foreign Affairs
    https://www.eda.admin.ch/eda/en/home.html

    MIL OSI Europe News

  • MIL-OSI USA: Johnson, Peters, Paul, and Blumenthal Release Bipartisan Report Examining U.S. Secret Service Security Failures and Assassination Attempt on Former President Trump

    US Senate News:

    Source: United States Senator for Wisconsin Ron Johnson
    WASHINGTON – On Wednesday, U.S. Sen. Ron Johnson (R-Wis.), Ranking Member of the Permanent Subcommittee on Investigations, along with U.S. Senators Gary Peters (D-Mich.) and Rand Paul (R-Ky.), Chairman and Ranking Member of the Homeland Security and Governmental Affairs Committee, and Richard Blumenthal (D-Conn.), Chairman of the Permanent Subcommittee on Investigations, released a bipartisan interim report on the U.S. Secret Service’s (USSS) security planning, communications and coordination failures that contributed to the July 13 assassination attempt on former President Donald. J. Trump in Butler, Pennsylvania. The interim report includes key findings and recommendations to address those failures and ensure the Secret Service can effectively carry out its protective mission.   
    “Shortly after the July 13, 2024 assassination attempt on former President Trump in Butler, PA, I released preliminary findings detailing some of the significant security failures that occurred on that day,” said Ranking Member Johnson. “Today’s interim report expands on those security failures, but the investigation is not complete. Federal agencies like the Secret Service, FBI, and DOJ continue to withhold records that are vital to this Committee’s work. There is still much more information that the public and Congress deserve to know. Going forward, this Committee must be prepared to use compulsory process to ensure that the American people have a complete and thorough understanding of the security failures that resulted in the multiple attempts on former President Trump’s life.” 
    “From planning missteps, to the siloed and flawed communication to the lack of effective coordination between law enforcement, to the breakdowns in technology, the Secret Service’s failures that allowed an assassination attempt on former President Trump at his July 13 rally were shocking, unacceptable, and preventable – and they led to tragic consequences,” said Chairman Peters. “Moving forward, our bipartisan interim report makes recommendations for needed reforms to address these serious failures, provide accountability and transparency for the American people, and ensure that the Secret Service has the tools and resources they need to prevent another disaster like this from happening.”  
    “Our initial findings clearly show a series of multiple failures of the U.S. Secret Service (USSS) and an inexcusable dereliction of duty,” said Ranking Member Paul. “Not only did USSS fail to ensure the AGR roof was adequately covered, they were also aware of a suspicious individual with a rangefinder for at least 27 minutes and did not delay proceedings or remove former President Trump from the stage, even after being informed that the suspicious individual was on the roof of the AGR building. Someone needs to be held accountable for these egregious failures by the USSS, and despite USSS, DHS, FBI, ATF, and other federal agencies’ continued obstruction of our bipartisan investigation, I will continue to push for answers and accountability.”    
    “What happened on July 13 was an accumulation of errors that produced a perfect storm of stunning failure,” said Chairman Blumenthal. “It was a tragedy and completely preventable from the outset. There was both a failure to provide resources – like a working radio, drone detection system, or counter surveillance team – and lack of an effective chain of command. Looking forward, we need structural reform in the agency itself. The Secret Service is filled with dedicated and skilled men and women who serve our country at great risk to themselves and personal sacrifice, and they deserve better leadership. Today’s report is only an interim step, and I look forward to our continuing pursuit of evidence to help understand what went so catastrophically wrong and how we can prevent an event like this from ever happening again.” 
    READ THE INTERIM REPORT: “Examination of U.S. Secret Service Planning and Security Failures Related to the July 13, 2024 Assassination Attempt” 
    The interim report’s key findings of failures include:   
    USSS failed to clearly define responsibilities for planning and security at the July 13 rally: USSS personnel responsible for planning in advance of the July 13 rally denied that they were individually responsible for any planning or security failures and deflected blame. USSS Advance Leads told the Committee that planning and security decisions were made jointly, with no specific individual responsible for approval.      
    USSS failed to ensure the AGR Building was effectively covered: USSS identified the AGR building as a concern due to the line-of-sight from the roof to the stage, but did not take steps to ensure sufficient security measures were in place. USSS knew that local snipers planned to set up inside the AGR building and USSS did not express objections or concerns about that placement. USSS personnel, including the USSS Counter Sniper Team Leader, did not enter the AGR building or go on the roof prior to the shooting. One USSS counter sniper team, whose responsibility included scanning the area around the AGR building for threats, had an obstructed view of the AGR roof.   
    USSS failed to effectively coordinate with state and local law enforcement: USSS did not give state or local partners any specific instructions for covering the AGR building, including the positioning of local snipers. USSS did not adequately consider state and local law enforcement operational plans. Communications at the July 13 rally were siloed and USSS did not ensure it could share information with local law enforcement partners in real time.   
    USSS failed to provide resources for the July 13 rally that could have enhanced security: USSS denied specific requests for additional Counter Unmanned Aircraft Systems capabilities and a Counter Assault Team liaison. A USSS Counter Surveillance Unit – which could have helped patrol the outer perimeter that included the AGR building – was not requested by USSS Advance Leads.    
    USSS failed to communicate information about the suspicious person to key personnel and failed to take action to ensure the safety of former President Trump: At approximately 5:44 pm, USSS personnel were notified that local law enforcement observed a suspicious person with a rangefinder near the AGR building. By 5:52 pm, at least eight USSS personnel had been informed. Approximately two minutes before shots were fired, the USSS Security Room, located on the rally grounds, was told that there was an individual on the roof of the AGR building. Shortly before shots were fired, a USSS counter sniper observed local officers running towards the AGR building with guns drawn.   
    USSS’s counter drone system experienced technical problems that left it inoperable for hours: With no backup system, the USSS agent responsible for overseeing the C-UAS capabilities at the July 13 rally called a toll-free 888 tech support hotline “to start troubleshooting with the company,” which took several hours.  That agent had only three months of experience working with that equipment and lacked knowledge about it.   
    Several USSS officials reported experiencing technical problems with their radios at the rally, and told the Committee such problems are common for USSS: A USSS Hercules 1 counter sniper was offered a local radio on July 13 but said he did not have time to pick it up because he was occupied fixing technical problems with his USSS radio.  In addition, at the Pittsburgh airport before the motorcade left for the rally, the USSS Special Agent in Charge (SAIC) of the Pittsburgh field office gave the Lead Agent his radio because the Lead Agent’s radio was not working.   
     The interim report’s key recommendations include:   
    Planning and Coordination: Congress should require USSS to identify defined roles and responsibilities for USSS personnel responsible for advance planning of any protective event. For all protective events, USSS should improve coordination and specify roles and responsibilities between and among federal, state, and local law enforcement partners. USSS policies and protocols should require advance planning leads to request and review state and local operational plans in advance of any protective event to ensure a shared understanding of security responsibilities and vulnerabilities as well as other critical planning and security components.  
    Responsibility: In advance of each protective event, USSS should designate a single individual responsible for approving all plans, including the responsibility for approving security perimeters.  
    Communications:  DHS and USSS should ensure communications plans between federal, state, and local law enforcement agencies and first responders are properly executed and should ensure records retention capabilities. Congress should require that USSS record its radio transmissions at all protective events. Congress should require DHS and USSS to evaluate the steps it needs to take to ensure communications plans with state and local partners are fully executed when conducting law enforcement and/or first response activities at a given location.  Congress should require that DHS and USSS report to Congress any steps taken to remedy past failures to execute communications plans and to ensure compliance with those plans in the future.    
    Intelligence: USSS should consider sending additional assets, including counter snipers, to all future outdoor protective events as it evaluates intelligence and threats against protectees. USSS should also ensure that the appropriate agents working protective events are informed of relevant intelligence and threats against protectees.  
    Resources:  Congress should evaluate USSS budget and resources. Security requirements should be determined depending on various threat levels, ranging from less severe threat environments to the highest level of security at National Special Security Events.  Congress should require that USSS allocate assets and resources based on the threat level, not the position or title of the protectee.   

    MIL OSI USA News

  • MIL-OSI USA: Schatz Leads Bipartisan Group Of Senators In Urging Senate Leaders To Take Up Legislation To Permanently Extend Telehealth Flexibilities, Expand Access

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz
    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) led members of the bipartisan Senate Telehealth Working Group in calling on Senate leaders to take up legislation to permanently extend telehealth flexibilities for Medicare beneficiaries that are set to expire at the end of the year. Specifically, the senators urged for the passage of the bipartisan CONNECT for Health Act which Schatz leads with U.S. Senator Roger Wicker (R-Miss.) and was reintroduced last year with the support of 66 bipartisan senators. The letter follows Telehealth Awareness Week and comes after the House Energy & Commerce Committee unanimously advanced a two-year telehealth extension. In addition to Schatz, the letter is signed by Wicker and U.S. Senators Ben Cardin (D-Md.), Cindy Hyde-Smith (R-Miss.), and Mark Warner (D-Va.).
    “At least 66 Democratic and Republican Senators support permanently expanding telehealth access, and similar provisions have passed on a bipartisan unanimous basis in committees of jurisdiction in the House of Representatives. The Senate must quickly act to advance these policies, which protect access to telehealth services and align with your objective to advance bipartisan legislation that promotes the health and well-being of Americans,” the senators wrote.
    They continued, “Medicare beneficiaries have come to rely on expanded access to telehealth services and are satisfied with the care they receive. We must provide patients and clinicians with long-term certainty of their ability to access and provide care through telehealth. The CONNECT for Health Act will help us achieve this shared goal and has strong, bipartisan support in the Senate.”
    The CONNECT for Health Act makes permanent telehealth flexibilities made temporarily available during the COVID-19 pandemic and later extended. Additionally, it expands access to telehealth services by removing unnecessary barriers and enabling doctors, particularly in rural and underserved communities, to leverage telehealth to better serve their patients. The bill was first introduced in 2016 and is considered the most comprehensive legislation on telehealth in Congress. Several provisions of the bill have since been enacted into law or adopted by the Centers for Medicare & Medicaid Services.
    The full text of the letter can be found below and is available here.
    Dear Leader Schumer and Leader McConnell:
    With the end-of-year expiration of telehealth flexibilities rapidly approaching, we write to urge you to prioritize policies that ensure all Medicare beneficiaries retain access to telehealth services. At least 66 Democratic and Republican Senators support permanently expanding telehealth access,  and similar provisions have passed on a bipartisan unanimous basis in committees of jurisdiction in the House of Representatives. The Senate must quickly act to advance these policies, which protect access to telehealth services and align with your objective to advance bipartisan legislation that promotes the health and well-being of Americans.
    Under your leadership, Congress has recognized the critical role of telehealth in health care delivery by expanding coverage during and after the COVID-19 public health emergency. Most recently in the Consolidated Appropriations Act, 2023, Congress enacted a two-year extension of Medicare telehealth services coverage. This ensured continuity of care and provided time for experts to evaluate the effects of expanded telehealth serves. Recent studies by leading researchers and the Medicare Payment Advisory Commission (MedPAC) are clear: Telehealth provides essential access to care and improves outcomes, including reduced emergency department utilization and improved medication adherence. 
    Access to telehealth is at-risk, as noted by Centers for Medicare and Medicaid Services (CMS) in the Calendar Year 2025 Medicare Physician Fee Schedule Proposed Rule: “absent Congressional action, beginning January 1, 2025, statutory restrictions on geography, site of service, and practitioner type that existed prior to the COVID-19 PHE will go back into effect”.   Consequently, Congress must advance policies from our consensus bipartisan bill, the CONNECT for Health Act, before the coverage extension lapses. We urge you to prioritize the following provisions from our bill, which would improve American’s access to and quality of care:
    Telehealth should be available to all Medicare beneficiaries, regardless of where they live. Therefore, Congress should permanently remove geographic restrictions on telehealth services and permit the home and other clinically appropriate settings as originating sites. If budget constraints make permanent policy out of reach, given the significant costs required to ramp up and provide high quality telehealth programs, Congress must provide the maximum extension possible at an adequate length for providers to make necessary investments.
    Practitioners should be able to provide clinically appropriate telehealth services. The flexibility to provide telehealth, within state scope of practice laws, is particularly critical given high rates of provider shortages across disciplines.  Therefore, Congress should expand the authority for practitioners eligible to furnish telehealth services.
    Federally qualified health centers and rural health clinics should be able to provide telehealth services, free from unnecessary barriers and disincentives. Therefore, Congress should include federally qualified health centers and rural health clinics as distant site providers and telehealth should be integrated into these providers’ payment systems.
    Telemental health services should be accessible, free from barriers. Telehealth has transformed mental and behavioral health care, now accounting for 40 percent of telehealth services provided under the Medicare Physician Fee Schedule.   Notably, just 20 percent of Medicare beneficiaries with a telemental health visit in the preceding quarter would satisfy the requirements to access these services under current statute.   Therefore, Congress should permanently repeal the six-month in-person visit requirement for telemental health services.
    Patients receiving hospice care should be permitted to receive assessments by telehealth. Therefore, Congress should allow for the use of telehealth in the recertification of a Medicare beneficiary for hospice.
    Medicare beneficiaries and providers should be supported as health care continues to transition.  Therefore, Congress should provide resources to improve beneficiary engagement and health care professional use of telehealth. Congress should also task the Centers for Medicare and Medicaid Services to ensure that telehealth quality is effectively measured, and that limited outlier billing patterns are addressed.
    Medicare beneficiaries have come to rely on expanded access to telehealth services and are satisfied with the care they receive.   We must provide patients and clinicians with long-term certainty of their ability to access and provide care through telehealth.  The CONNECT for Health Act will help us achieve this shared goal and has strong, bipartisan support in the Senate. Further, the Ways & Means and Energy & Commerce Committees have unanimously advanced telehealth legislation.  We appreciate your collaboration and leadership on this issue and look forward to working with you to ensure access to telehealth services is retained by the end of 2024.
    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Durbin Questions Judicial Nominees In Judiciary Committee Nominations Hearing

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    09.25.24
    WASHINGTON – During today’s Senate Judiciary Committee nominations hearing, U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, questioned Sarah Morgan Davenport, nominated to be a United States District Judge for the District of New Mexico, about her unique background.  Durbin also began his remarks by highlighting the rigorous vetting process nominees undergo to be considered for a judicial nomination.
    “Among our nominees is Ms. Davenport, who graduated from New Mexico State University with a bachelor’s in music and who was a music teacher before going to law school and then [becoming] a prosecutor.  She went from professor to prosecutor.  Can you tell me about your background in music [that lead to your nomination]?” Durbin asked.
    Ms. Davenport replied that she wanted to go down a different career path after serving as a music teacher—which led her to attend law school and pursue a career as a prosecutor.
    Durbin then asked Keli Marie Neary, nominated to be a United States District Judge for the Middle District of Pennsylvania, about a case where she represented the Commonwealth of Pennsylvania in Federal Trade Commission et al., v. Penn State Hersey Medical Center et al.  The Commonwealth, along with the FTC, sued to block a merger of the Penn State Hershey Medical Center with the Pinnacle Health System. 
    “Can you tell us about that case?” Durbin asked.
    Ms. Neary responded, “that was one of two very important cases I worked on during my career that involved health care and providing care to many people across Pennsylvania.  In that particular case, we were working to make sure that no hospital became a monopoly in order to maintain prices in Pennsylvania, to ensure affordable health care in central Pennsylvania.” 
    She continued to say, “The other case I referenced is a case involving two large insurance companies in Pennsylvania and the hospital systems that participated in those insurance companies, and through my work on behalf of the Commonwealth, we were able to garner an agreement that resulted in affordable health care for many Pennsylvanians in the western part of the state.” 
    Durbin then questioned Judge Anthony J. Brindisi, nominated to be a United States District Judge for the Northern District of New York, about his background as a congressman and his service on the bench.
    “Can you compare those legal experiences?” Durbin asked.
    Judge Brindisi responded that the key to being a good congressman is to be a good listener, work in a bipartisan way to get work done, and to sit down with individuals you might disagree with to better understand their ideas on bills.  He continued to say that he took the lessons he learned from Congress to the bench. 
    Durbin then questioned Elizabeth C. Coombe, nominated to be a United States District Judge for the Northern District of New York, about her legal experience, noting that she has tried almost 40 cases to verdict or final decision.
    Ms. Coombe responded that given her experience litigating in both D.C. and New York federal courts, she was exposed to many bench trials and jury trials.  She continued to say, “I love being in the courtroom presenting cases to juries and seeing the power of the jury work its magic… And I think that my experience as a trial lawyer in front of juries will be helpful if I am fortunate enough to be confirmed.  I would bring that practical experience from the courtroom with me.”
    Video of Durbin’s questions in Committee is available here.
    Audio of Durbin’s questions in Committee is available here.
    Footage of Durbin’s questions Committee is available here for TV Stations.
    The hearing continues the Committee’s work filling judicial vacancies with highly qualified, diverse candidates who help ensure the fair and impartial administration of the American justice system.
    Under the leadership of Chair Durbin, the Senate has confirmed 212 judges to lifetime appointments on the federal bench during the Biden-Harris Administration. Following the confirmation of Michelle Court to be U.S. District Judge for the District of California and last week’s executive business meeting, 18 lifetime judges – including four circuit court nominees and 14 district court nominees – are eligible for a vote on the Senate floor.
    -30-

    MIL OSI USA News

  • MIL-OSI USA: The Marshall Star for September 25, 2024

    Source: NASA

    By Wayne Smith
    NASA’s Marshall Space Flight Center honored top contractors, subcontractors, teams, and individuals of fiscal year 2024 at the 38th meeting of Marshall’s Small Business Alliance. The awards honor aerospace companies and leaders who have demonstrated support of the center’s small business programs and NASA’s mission of exploration.

    The event took place Sept. 19 at the U.S. Space & Rocket Center’s Davidson Center for Space Exploration in Huntsville. Around 650 participants from industry and government gathered to network, learn about business opportunities, and recognize outstanding achievements in support of NASA’s mission and the small business community. Those attending represented 32 states and 10 nations.
    “The Marshall Small Business Alliance is an outreach tool designed to introduce the business community to the NASA marketplace,” said David Brock, small business specialist for the agency’s Office of Small Business Programs at Marshall. “Those in attendance can gain valuable insight into Marshall’s exciting programs and projects, upcoming procurement opportunities, and get an opportunity to network with Marshall prime contractors.”
    Marshall Director Joseph Pelfrey welcomed attendees, while Jeramie Broadway, deputy director of Marshall’s Office of Strategic Analysis and Communications, provided an update on the center for fiscal year 2025 and beyond.
    Marshall’s Industry & Advocate Awards are presented annually and reflect leadership in business community and sustained achievement in service to NASA’s mission.
    “We are excited about this year’s winners,” Brock said. “Each play a key role in helping NASA achieve successes in support of key programs and projects, including the Human Landing System and Space Launch System rocket. Maintaining and sustaining an experienced and competitive industry base is what makes America strong, and small businesses are at the core of those successes.”

    Marshall manages the Human Landing System and Space Launch System programs.
    This year’s award recipients are:
    Small Business Prime Contractor of the Year
    Media Fusion
    Small Business Subcontractor of the Year
    Zin Technologies
    Large Business Prime Contractor of the Year
    Jacobs
    Mentor-Protégé Agreement of the Year
    Jacobs (mentor) and CodePlus (protégé)
    Procurement Person of the Year
    Joseph Tynes  
    Program Person of the Year
    Patrick McVay
    Small Business Technical Coordinator of the Year
    Leah Fox
    Technical Person of the Year
    David Hood

    NASA civil service employees nominate eligible individuals and organizations for awards. A panel of NASA procurement and technical officials evaluates each nominee’s business practices, innovative processes, adoption of new technologies and their overall contributions to NASA’s mission and the agency’s Small Business Program.
    Award recipients in the following categories become candidates for agency-level Small Business Industry and Advocate Awards:

    Large and Small Business Prime Contractors of the Year
    Small Business Subcontractor of the Year
    Procurement Team or Person
    Technical, Small Business Technical Coordinator/Technical Advisor
    Program Person or Team of the Year

    Learn more about Marshall’s small business initiatives.
    Smith, a Media Fusion employee and the Marshall Star editor, supports the Marshall Office of Communications.
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    By Serena Whitfield
    A new flag is reaching for the Moon outside the Huntsville Operations Support Center at NASA’s Marshall Space Flight Center following a Sept.19 ceremony, marking contributions from center team members toward the launch of NASA’s SpaceX Crew-9 mission.
    The Crew-9 mission to the International Space Station will carry NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The mission is scheduled to launch Sept. 28 no earlier than 12:17 p.m. CDT.

    Crew-9 will be the first human spaceflight mission to launch from Space Launch Complex-40 at Cape Canaveral Space Force Station. This is the ninth crew rotation mission with SpaceX to the orbiting laboratory under NASA’s Commercial Crew Program (CCP). The crew will spend approximately five months at the station, conducting more than 200 science and research demonstrations before returning in February 2025.
    Once aboard the space station, Hague and Gorbunov will become members of the Expedition 72 crew and perform research, technology demonstrations, and maintenance activities. The pair will join NASA astronauts Don Petitt, Butch Wilmore, Suni Williams, as well as Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagner. Wilmore and Williams, who launched aboard the Starliner spacecraft in June, will fly home with Hague and Gorbunov in February 2025.

    The flag raising has been a tradition for missions supported at Marshall’s Huntsville Operations Support Center (HOSC), as well as a tradition within the CCP to celebrate the successful conclusion of NASA’s Agency Flight Readiness Review prior to launch. The HOSC provides engineering and mission operations support for the space station, the CCP, and Artemis missions, as well as science and technology demonstration missions. The Payload Operations Integration Center within HOSC operates, plans, and coordinates the science experiments onboard the space station 365 days a year, 24 hours a day.
    The CCP support team at Marshall provides crucial programmatic, engineering, and safety and mission assurance expertise for launch vehicles, spacecraft propulsion, and integrated vehicle performance. Marshall’s role within the CCP is to support certification that the spacecraft and launch vehicle are ready for launch. The support team performs engineering expertise, particularly for propulsion, as well as program management, safety and mission assurance, and spacecraft support. 

    The flag-raising ceremony was a joint effort between the Payload and Mission Operations Division (PMOD) and CCP team. Dave Gwaltney, technical assistant, specialty systems, and Commercial Crew Program representative, gave the introductions. He recognized Brady Doepke, structural analyst for liquid propulsion systems, for his significant contributions in preparation for Crew-9 mission success. Gwaltney said Doepke exemplified leadership and innovation through his guidance of Marshall’s CCP engineering team, which resulted in a successful risk assessment of the updated SpaceX turbine wheel fleet leader acceptance criteria.
    Payload and Mission Operations Division Manager Nicole Pelfrey also recognized Thomas “Reid” Lawrence as the division’s Crew-9 honoree.
    “Reid serves dutifully in the HOSC as part of the HOSC’s Data Operations Control Room Operations Engineers,” Pelfrey said. “Reid has a number of technical specialties, including his expertise in the Backup Control Center activation procedures. This expertise has been vital over the past year as JSC has worked through power upgrades. He also diligently ensures our ISS payload users receive their data and is a key engineer for the testing, verification, and operation of our HOSC interfaces that support commercial crew communications.”
    Whitfield is an intern supporting the Marshall Office of Communications.
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    NASA’s Marshall Space Flight Center hosted the Rossi Prize Recognition Dinner at the U.S. Space & Rocket Center in Huntsville on Sept. 18. The dinner was held to recognize the IXPE (Imaging X-ray Polarimetry Explorer) team members honored with the Bruno Rossi Prize, a top prize in high-energy astronomy. From left, Martin Weisskopf, Rossi Prize awardee and NASA emeritus scientist, who served as the principal investigator for IXPE during its development, launch, and commissioning; Paolo Soffitta, Rossi Prize awardee, and the Italian Space Agency’s principal investigator for IXPE; Hashima Hasan, program scientist for IXPE at NASA Headquarters; Andrea Marinucci, IXPE team member and researcher with the Italian Space Agency; and Marshall Director Joseph Pelfrey, who provided welcome remarks at the dinner. “The Bruno Rossi Prize highlights how partnerships and teamwork can push the boundaries of scientific knowledge,” Pelfrey said. “The (IXPE) mission, a groundbreaking collaboration between NASA and the Italian Space Agency, represents over 30 years of dedicated effort and stands as a testament to the innovative work of a truly multinational team.” (NASA/Jennifer Deermer)

    Rossi Prize winners Weisskopf and Soffitta, center seated, are joined by a plush goat, the unofficial mascot of the IXPE mission, and other IXPE team members at the Rossi Prize Recognition Dinner. Read more about the award and the prize winners. (NASA/Jennifer Deermer)
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    By Wayne Smith
    Talk with Shannon Segovia for any length of time and you’ll quickly discover the care and enthusiasm she has for her position as director of the Office of Communications at NASA’s Marshall Space Flight Center. And that care and enthusiasm extends to those she works with across the center to share news about Marshall missions and team members.
    In her role, Segovia oversees a team responsible for media relations and public affairs, digital and social media, stakeholder relations and engagement, internal and employee communications, and executive communications for the center.

    “We manage these activities for the entire center of about 7,000 people, so it is a definitely a very busy job!” said Segovia, a native of Athens, Alabama, who was named as permanent communications director this summer after more than 12 years at Marshall.
    She was the deputy director of communications starting in June 2023 after working as Marshall’s news chief and public affairs team lead starting in 2019. From 2012 to 2019, Segovia was a public affairs officer at the center. Prior to joining NASA, she was the communications manager for the Tennessee Valley Authority’s Sequoyah Nuclear Plant near Chattanooga, Tennessee.
     At Marshall, she said it’s the people who continue to be her biggest motivators.
    “As a public servant, I want the people I serve – the people who follow our channels, listen to the news stories we create, and attend our events – to know why NASA’s missions are important and critical to the world we live in,” Segovia said. “I am so fortunate to have such a brilliant team, and they motivate me daily with their hard work.”
    “I’m also motivated by my husband and family because I want to make them proud. I want my nieces and nephews to have a bright future, and I truly believe the work we are doing at NASA will help them do that.”
    Question: What excites you most about the future of human space exploration, or your NASA work, and your team’s role it?
    Segovia: NASA’s missions depend on public and stakeholder support, and that is what our office does – ensures people know what we are doing at NASA and specifically at Marshall, why it is important, and how our missions are benefiting humanity. From social media posts to events like the South Star music festival to interviews with media outlets and stakeholder tours, we use every channel we can to tell others about the work we are doing at Marshall and NASA. Our office touches every organization at the center, and it is so exciting to have a front seat to everything we are doing to get humans back to the Moon and on to Mars.

    Question: What has been the proudest moment of your career and why?
    Segovia: I helped take a team of 12 Marshall female engineers to The Today Show in 2019 for a segment about International Women’s Day. As a public affairs specialist, one of our job duties is to prepare subject matter experts for interviews, making sure they have messages, talking points, and anything else they need. I have never been more proud to be a woman and to work for Marshall than I was that day, seeing how well these women represented NASA and the extraordinary achievements they have made possible. It also made me even more thankful for the job I have – preparing them to make sure they felt confident and could talk about their work was a wonderful experience. The other moment in my career I will never forget is the Artemis I launch in November 2022. I’ve supported the Space Launch System since I started working at NASA, and seeing that rocket fly was one of the best moments of my career. It was the culmination of so much hard work and sacrifice from so many people and was truly an overwhelming and amazing experience.
    Question: Who or what inspired you to pursue an education/career that led you to NASA and Marshall?
    Segovia: My parents have always been my No. 1 fans, encouragers, and supporters. They instilled in me a strong work ethic and the belief I could do anything I wanted to do if I worked hard. They made education a priority for my brothers and I and would do anything to help us succeed. I am so fortunate to have such a wonderful family. My mom always wanted me to do something in the medical field, but a biology course in college changed my mind quickly on that. I wasn’t sure what I wanted to do but had been at school for two years and needed to declare a major. I liked to write and read but didn’t know how to make a career out of that until I went to a journalism class taught by Ms. Bobbie Hurt at the University of North Alabama, and I was hooked. She became my mentor and really taught me how to be a good writer, which has been the foundation for my entire career. I ended up with a double major in journalism and public relations, and it was one of the best decisions I ever made.
    Question: What advice do you have for employees early in their NASA career or those in new leadership roles?
    Segovia: Find people to whom you can go to for advice, who have your back, and can help you accomplish your goals. I’ve had some amazing mentors, teammates, and bosses who have not only supported me but pushed me to do things I wasn’t sure I could do and helped me even when I messed up. I would not be here without them, and I think it is so important to have those people in your entire career, but especially when you are new. Ask for help when you need it. Time flies, so enjoy the season and job you are in. You will know when it is time to move on, but being present and learning from where you are will help you succeed.
    Question: What do you enjoy doing with your time while away from work?
    Segovia: I love the water – ocean, river, pool, lake – I like being outside and water activities. I love to read and travel, and also to spend time with family and friends. I have three nieces and two nephews, and I like to go to their games and activities. I have a 4-year-old terrier mix named Ted and I enjoy taking him on walks and to the park.
    Smith, a Media Fusion employee and the Marshall Star editor, supports the Marshall Office of Communications.
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    NASA has awarded a total of $1.5 million to two U.S. teams for their novel technology solutions addressing energy distribution, management, and storage as part of the agency’s Watts on the Moon Challenge. The innovations from this challenge aim to support NASA’s Artemis missions, which will establish long-term human presence on the Moon.

    This two-phase competition has challenged U.S. innovators to develop breakthrough power transmission and energy storage technologies that could enable long-duration Moon missions to advance the nation’s lunar exploration goals. The final phase of the challenge concluded with a technology showcase and winners’ announcement ceremony Sept. 20 at Great Lakes Science Center in Cleveland, Ohio, home of the visitor center for NASA’s Glenn Research Center.
    “Congratulations to the finalist teams for developing impactful power solutions in support of NASA’s goal to sustain human presence on the Moon,” said Kim Krome-Sieja, acting program manager for Centennial Challenges at NASA’s Marshall Space Flight Center. “These technologies seek to improve our ability to explore and make discoveries in space and could have implications for improving power systems on Earth.”

    The winning teams are:

    First prize ($1 million): H.E.L.P.S. (High Efficiency Long-Range Power Solution) of Santa Barbara, California
    Second prize ($500,000): Orbital Mining Corporation of Golden, Colorado

    Four teams were invited to refine their hardware and deliver full system prototypes in the final stage of the competition, and three finalist teams completed their technology solutions for demonstration and assessment at Glenn. The technologies were the first power transmission and energy storage prototypes to be tested by NASA in a vacuum chamber mimicking the freezing temperature and absence of pressure found at the permanently shadowed regions of the Lunar South Pole. The simulation required the teams’ power systems to demonstrate operability over six hours of solar daylight and 18 hours of darkness with the user three kilometers (nearly two miles) away from the power source.
    During this competition stage, judges scored the finalists’ solutions based on a Total Effective System Mass (TESM) calculation, which measures the effectiveness of the system relative to its size and weight – or mass – and the total energy provided by the power source. The highest-performing solution was identified based on having the lowest TESM value – imitating the challenges that space missions face when attempting to reduce mass while meeting the mission’s electrical power needs.

    Team H.E.L.P.S. (High Efficiency Long-Range Power Solution) from University of California, Santa Barbara, won the grand prize for their hardware solution, which had the lowest mass and highest efficiency of all competitors. The technology also featured a special cable operating at 800 volts and an innovative use of energy storage batteries on both ends of the transmission system. They also employed a variable radiation shield to switch between conserving heat during cold periods and disposing of excess heat during high power modes. The final 48-hour test proved their system design effectively met the power transmission, energy storage, and thermal challenges in the final phase of competition.
    Orbital Mining Corporation, a space technology startup, received the second prize for its hardware solution that also successfully completed the 48-hour test with high performance. They employed a high-voltage converter system coupled with a low-mass cable and a lithium-ion battery.
    “The energy solutions developed by the challenge teams are poised to address NASA’s space technology priorities,” said Amy Kaminski, program executive for Prizes, Challenges, and Crowdsourcing in NASA’s Space Technology Mission Directorate at NASA Headquarters. “These solutions support NASA’s recently ranked civil space shortfalls, including in the top category of surviving and operating through the lunar night.”

    [embedded content]
    Watch the finale of NASA’s Watts on the Moon challenge, a $5 million, two-phase competition designed to develop breakthrough power transmission and energy storage technologies.

    During the technology showcase and winners’ announcement ceremony, NASA experts, media, and members of the public gathered to see the finalist teams’ technologies and hear perspectives from the teams’ participation in the challenge. After the winners were announced, event attendees were also welcome to meet NASA astronaut Stephen Bowen.
    The Watts on the Moon Challenge is a NASA Centennial Challenge led by Glenn. Marshall manages Centennial Challenges, which are part of the agency’s Prizes, Challenges, and Crowdsourcing program in the Space Technology Mission Directorate. NASA contracted HeroX to support the administration of this challenge.
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    Manufacturing equipment that will be used to build components for NASA’s SLS (Space Launch System) rocket for future Artemis missions is being installed at the agency’s Michoud Assembly Facility.
    The novel tooling will be used to produce the SLS rocket’s advanced exploration upper stage, or EUS, in the factory’s new manufacturing area. The EUS will serve as the upper, or in-space, stage for all Block 1B and Block 2 SLS flights in both crew and cargo configurations.

    In tandem, NASA and Boeing, the SLS lead contractor for the core stage and exploration upper stage, are producing structural test articles and flight hardware structures for the upper stage at Michoud and the agency’s Marshall Space Flight Center. Early manufacturing is already underway at Michoud while preparations for an engine-firing test series for the upper stage are in progress at nearby Stennis Space Center.
    “The newly modified manufacturing space for the exploration upper stage signifies the start of production for the next evolution of SLS Moon rockets at Michoud,” said Hansel Gill, director at Michoud. “With Orion spacecraft manufacturing and SLS core stage assembly in flow at Michoud for the past several years, standing up a new production line and enhanced capability at Michoud for EUS is a significant achievement and a reason for anticipation and enthusiasm for Michoud and the SLS Program.”

    The advanced upper stage for SLS is planned to make its first flight with Artemis IV and replaces the single-engine Interim Cryogenic Propulsion Stage (ICPS) that serves as the in-space stage on the initial SLS Block 1 configuration of the rocket. With its larger liquid hydrogen and liquid oxygen propellant tanks feeding four L3 Harris Technologies- built RL10C-3 engines, the EUS generates nearly four times the thrust of the ICPS, providing unrivaled lift capability to the SLS Block 1B and Block 2 rockets and making a new generation of crewed lunar missions possible.
    This upgraded and more powerful rocket will increase the SLS rocket’s payload to the Moon by 40%, from 27 metric tons (59,525 lbs.) with Block 1 to 38 metric tons (83,776 lbs.) in the crew configuration. Launching crewed missions along with other large payloads enables multiple large-scale objectives to be accomplished in a single mission.

    Through the Artemis campaign, NASA will land the first woman, first person of color, and its first international partner astronaut on the Moon. The rocket is part of NASA’s deep space exploration plans, along with the Orion spacecraft, supporting ground systems, advanced spacesuits and rovers, Gateway in orbit around the Moon, and commercial human landing systems. NASA’s SLS is the only rocket that can send Orion, astronauts, and supplies to the Moon in a single launch.
    NASA’s Marshall Space Flight Center manages the SLS Program and Michoud.
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    Chris Pereira can personally attest to the immense gravitational attraction of black holes. He’s been in love with space ever since he saw a video on the topic in a high school science class.
    But it wasn’t just any science class. It was one specially designed for English learners.

    “I was born and raised in Guatemala,” Pereira said. “I came here at 14 unable to speak any English.”
    Pereira did not know how to navigate the U.S. educational system either, but after that class, he was certain he wanted a career in space.
    Thus began a journey that ultimately landed him at L3Harris Technologies, where he works in the Aerojet Rocketdyne segment as an engineer and operations integrator on the RS-25 engine – used to power the core stage of NASA’s SLS (Space Launch System) rocket that will launch astronauts to the Moon under NASA’s Artemis campaign.
    Pereira’s first step was to stay after class and ask to borrow a copy of the video on black holes. His teacher not only obliged but took him across the street to the local library to get his first library card.
    Pereira quickly recognized that the pathway to his desired career in space was through higher education. It was equally clear, however, that he was not yet on that pathway. English as a Second Language classes, including that science class, did not count toward college admissions. His guidance counselor, meanwhile, was nudging him toward the trades.
    But with the help of teachers and a new guidance counselor, he got himself on the college-bound track.
    “I came to understand there were multiple career pathways to explore my interest in space,” Pereira said. “One was engineering.”
    There was a lot of catching up to do, so Pereira took eight classes per day, including honors courses. He also worked every day after school cleaning a gymnasium from 6 to 11 p.m. to help his family make ends meet.
    Pereira earned his mechanical engineering degree at California State University at Los Angeles while also working as a senior educator at the California Science Center to cover the cost of his college tuition and living expenses.
    Pereira’s first career experience was as an intern in manufacturing engineering at Aerojet Rocketdyne. “I learned that making 100% mission-success engines requires a strong culture of attention to detail, teamwork and solid work ethics.” Pereira said. His first full-fledged engineering job was with Honeywell Aerospace working on aircraft programs.
    Eventually, space came calling – literally. “My mentor at Aerojet Rocketdyne called me up and said, ‘Chris, I have a job for you,’” Pereira said.
    He began his new job working on rocket engine programs including the AR1 and RS-68 but shifted to the RS-25 after NASA awarded Aerojet Rocketdyne a contract for newly manufactured versions of the engine. Initial versions of the SLS are using refurbished engines from the Space Shuttle Program. Evolved versions of the RS-25 recently concluded a critical test series and will debut with the fifth Artemis flight.
    As RS-25’s operations integrator, Pereira is responsible for ensuring that the many pieces of the program – from tracking on-time procurement of supplies and labor loads to coordinating priorities on various in-demand machine centers – come together to deliver a quality product.
    Playing a key role in the nation’s effort to return astronauts to the Moon feels a bit like coming home again, Pereira said. “You develop your first love, work really hard, take different pathways and encounter new passions,” he said. “It’s almost funny how the world and life work out – it’s like I’ve taken a big circle back to my first love.”
    NASA is working to land the first woman, first person of color, and its first international partner astronaut on the Moon under Artemis. SLS is part of NASA’s backbone for deep space exploration, along with the Orion spacecraft, supporting ground systems, advanced spacesuits and rovers, the Gateway in orbit around the Moon, and commercial human landing systems. SLS is the only rocket that can send Orion, astronauts, and supplies to the Moon in a single launch.
    NASA’s Marshall Space Flight Center manages the SLS Program.
    Read other I Am Artemis features.
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    Renee Weber, chief scientist at NASA’s Marshall Space Flight Center, talks during the “Legacy of the Invisible” event in downtown Huntsville on Sept. 20. About 300 people attended the event, which coincided with the 25th anniversary of the launch of the Chandra X-ray Observatory. The celebration featured “No Straight Lines,” a new mural at the corner of Clinton Avenue and Washington Street by local artist Float. The mural honors Huntsville’s rich scientific legacy in astrophysics and highlights the groundbreaking discoveries made possible by Marshall scientists and engineers. Other speakers included Collen Wilson-Hodge, principal investigator of the Fermi Gamma-ray Space Telescope. The event also offered members of the community the opportunity to meet the scientists who worked on some of NASA’s most revolutionary astrophysics missions. Featured exhibits from Marshall included the Apollo Telescope mount, the main science instrument on Skylab; the High Energy Astrophysics Program (HEAO); the BATSE instrument on the Compton Gamma-ray Observatory; Chandra X-ray Observatory; Fermi; IXPE (Imaging X-ray Polarimetry Explorer); and Marshall’s X-Ray and Cryogenic Facility. “I had a really nice time at the event,” Weber said. “It’s always great to see such interest and enthusiasm in our science work from the public.” Wilson-Hodge said the mural is an artistic depiction of the historic event detected with the Fermi Gamma-ray Burst Monitor and the Laser Interferometer Gravitational-wave Observatory on Aug. 17, 2017. “On that day, for the first time ever, we observed both a gamma-ray burst and gravitational waves from two very dense neutron stars merging to form a black hole,” she said. (NASA/Serena Whitfield)

    From left to right, scientists and astrophysicists from Marshall, Cori Fletcher, Michelle Hui, Steven Ehlert, Weber, Colleen Wilson-Hodge, Lisa Gibby, and the artist Float pose for a photo in front of the “No Straight Lines” mural at the corner of Clinton Avenue and Washington Street in Huntsville. (NASA/Serena Whitfield)
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    Astronomers using NASA’s Chandra X-ray Observatory have found a galaxy cluster has two streams of superheated gas crossing one another. This result shows that crossing the streams may lead to the creation of new structure.

    Researchers have discovered an enormous, comet-like tail of hot gas – spanning over 1.6 million light-years long – trailing behind a galaxy within the galaxy cluster called Zwicky 8338 (Z8338 for short). This tail, spawned as the galaxy had some of its gas stripped off by the hot gas it is hurtling through, has split into two streams.
    This is the second pair of tails trailing behind a galaxy in this system. Previously, astronomers discovered a shorter pair of tails from a different galaxy near this latest one. This newer and longer set of tails was only seen because of a deeper observation with Chandra that revealed the fainter X-rays.
    Astronomers now have evidence that these streams trailing behind the speeding galaxies have crossed one another. Z8338 is a chaotic landscape of galaxies, superheated gas, and shock waves (akin to sonic booms created by supersonic jets) in one relatively small region of space. These galaxies are in motion because they were part of two galaxy clusters that collided with each other to create Z8338.
    This new composite image shows this spectacle. X-rays from Chandra (represented in purple) outline the multimillion-degree gas that outweighs all of the galaxies in the cluster. The Chandra data also shows where this gas has been jettisoned behind the moving galaxies. Meanwhile an optical image from the Dark Energy Survey from the Cerro Tololo Inter-American Observatory in Chile shows the individual galaxies peppered throughout the same field of view.
    The original gas tail discovered in Z8338 is about 800,000 light-years long and is seen as vertical in this image. The researchers think the gas in this tail is being stripped away from a large galaxy as it travels through the galaxy cluster. The head of the tail is a cloud of relatively cool gas about 100,000 light-years away from the galaxy it was stripped from. This tail is also separated into two parts.

    The team proposes that the detachment of the tail from the large galaxy may have been caused by the passage of the other, longer tail. Under this scenario, the tail detached from the galaxy because of the crossing of the streams.
    The results give useful information about the detachment and destruction of clouds of cooler gas like those seen in the head of the detached tail. This work shows that the cloud can survive for at least 30 million years after it is detached. During that time, a new generation of stars and planets may form within it.
    The Z8338 galaxy cluster and its jumble of galactic streams are located about 670 million light-years from Earth. A paper describing these results appeared in the Aug. 8, 2023, issue of the Monthly Notices of the Royal Astronomical Society and is available here.
    NASA’s Marshall Space Flight Center manages the Chandra program. The Smithsonian Astrophysical Observatory’s Chandra X-ray Center controls science operations from Cambridge, Massachusetts, and flight operations from Burlington, Massachusetts.
    Read more from NASA’s Chandra X-ray Observatory.
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    What does it take to build a massive spacecraft that will seek to determine if a mysterious moon has the right ingredients for life? Find out in a new video series called “Behind the Spacecraft,” which offers behind-the-scenes glimpses into the roles of five engineers working on NASA’s Europa Clipper mission, from building the spacecraft’s communications systems to putting it through rigorous tests so the orbiter can meet its science goals in space.

    [embedded content]

    With its launch period opening Oct. 10, Europa Clipper is the agency’s first mission dedicated to exploring an ocean world beyond Earth. The spacecraft will travel 1.8 billion miles to the Jupiter system, where it will investigate the gas giant’s moon Europa, which scientists believe contains a global saltwater ocean beneath its icy shell.
    The videos are being released here weekly. The first two are already out.
    Meet the team:

    Dipak Srinivasan, lead communications systems engineer at the Johns Hopkins Applied Physics Laboratory, makes sure the Europa Clipper team can communicate with the spacecraft. Learn more about his work in the video above.
    Sarah Elizabeth McCandless, navigation engineer at NASA’s Jet Propulsion Laboratory, helped plan Europa Clipper’s trajectory, ensuring the spacecraft arrives at Jupiter safely and has a path to fly by Europa dozens of times. Learn more about Sarah’s work here.
    Jenny Kampmeier, a science systems engineer at JPL, acts as an interface between mission scientists and engineers.
    Andres Rivera, a systems engineer at JPL and first-generation American, works on Europa Clipper’s cruise phase — the journey from Earth to Jupiter.
    Valeria Salazar, an integration and test engineer at JPL who spent her childhood in Mexico, helped test the Europa Clipper spacecraft to ensure its launch readiness.

    Europa Clipper experts will answer questions about the mission in a NASA Science Live show airing in English on Oct. 1, and in Spanish on Oct. 3. The broadcasts will appear on NASA+, YouTube, Facebook, and X. The Spanish broadcast will be streamed on the NASA en Español YouTube channel. Viewers can submit questions on social media using the hashtag #askNASA or by leaving a comment in the chat section of the Facebook or YouTube stream.
    Europa Clipper is the largest spacecraft NASA has ever developed for a planetary mission and will fly through the most punishing radiation environment of any planet in the solar system. The spacecraft will orbit Jupiter and, during multiple flybys of Europa, will collect a wealth of scientific data with nine science instruments and an experiment that uses its telecommunications system to gather gravity data.
    Managed by Caltech in Pasadena, California, JPL leads the development of the Europa Clipper mission in partnership with the Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland, for NASA’s Science Mission Directorate. The main spacecraft body was designed by APL in collaboration with JPL and NASA’s Goddard Space Flight Center. The Planetary Missions Program Office at NASA’s Marshall Space Flight Center executes program management of the Europa Clipper mission. NASA’s Launch Services Program, based at Kennedy, manages the launch service for the Europa Clipper spacecraft.
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    MIL OSI USA News

  • MIL-OSI USA: BEAVER COUNTY – Governor Shapiro and Local Leaders to Highlight Key Investments in Workforce Development, Expanded Job Training, and Vo-Tech Initiatives

    Source: US State of Pennsylvania

    September 26, 2024Monaca, PA

    ADVISORY – BEAVER COUNTY – Governor Shapiro and Local Leaders to Highlight Key Investments in Workforce Development, Expanded Job Training, and Vo-Tech Initiatives

    Governor Josh Shapiro will visit Beaver CountyCareer & Technology Center (BCCTC) to highlight the investments in workforce development, job training, and career and technical education (CTE) included in the bipartisan budget the Governor signed into law this year.

    In the 2024-25 budget, Governor Shapiro secured key investments to help grow our workforce and give Pennsylvanians the freedom to chart their own course and the opportunity to succeed.

    WHO:
    Governor Josh Shapiro
    Laura DelVecchio, Administrative Director, BCCTC
    David Liptak, Carpentry Instructor, BCCTC
    Karleigh Matscherz, student, BCCTC
    Representative Robert Matzie
    Congressman Chris Deluzio

    WHEN
    Thursday, September 26, 2024, at 11:15 AM
    *Press conference to begin around 11:45 AM

    WHERE:
    Beaver County Career & Technology Center (BCCTC)
    145 Poplar Avenue
    Monaca, PA 15061

    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News

  • MIL-OSI Translation: Speech by the President of the Republic before the United Nations General Assembly.

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: President of the Republic of France in French (video)

    To follow the Presidency of the Republic: Facebook: https://www.facebook.com/elysee.fr Twitter: https://twitter.com/elysee Instagram: https://www.instagram.com/elysee LinkedIn: https://www.linkedin.com/company/pr-sidence-de-la-r-publique

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI: Poet Technologies Announces Closing of US$15 Million Private Placement

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that it has completed a non-brokered private placement with a single institutional investor pursuant to which the Corporation issued 4,000,000 common shares (the “Common Shares“) and an accompanying warrant exercisable for an aggregate of up to 2,000,000 Common Shares (each, a “Warrant Share”) at an exercise price of $5.00 (or approximately C$6.78) per Common Share (the “Warrant“) for aggregate gross proceeds of US$15,000,000 (the “Offering”). The combined price of one Common Share and accompanying Warrant in respect of one-half Common Share was US$3.75 (or approximately C$5.09). Subject to the terms of the Warrant, the Warrant is exercisable, in whole or in part, for a period of five years from the date of issuance.

    The Corporation intends to use the net proceeds of the Offering for working capital and general corporate purposes. No commission or finder’s fee was paid by the Corporation and no underwriter or sales agent was engaged by the Corporation in connection with the Offering.

    All Common Shares and the accompanying Warrant issued under the Offering were distributed to a purchaser located outside of Canada in reliance on OSC Rule 72-503 – Distributions Outside of Canada and, accordingly, all Common Shares, the accompanying Warrant and all Warrant Shares issued under the Offering are not subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the “Exchange“).

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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. This news release shall not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

    About POET Technologies Inc.

    POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications.  POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore.  More information about POET is available on our website at www.poet-technologies.com.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation’s expectations with respect to its products, the scalability of the POET Optical Interposer and the success of the Corporation’s products, the Corporation’s use of proceeds for the Offering and the Corporation’s ability to obtain the final approval of the Exchange. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the size of the market for its products, the capability of its joint venture to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation’s product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network

  • MIL-Evening Report: Netflix’s Monsters is ‘murder porn’ at its worst. It comes at a cost to real victims – and the truth

    Source: The Conversation (Au and NZ) – By Xanthe Mallett, Forensic Criminologist, University of Newcastle

    Netflix

    Are we products of nature or nurture?

    That’s the age-old question at the heart of Ryan Murphy and Ian Brennan’s new Netflix release, Monsters: The Lyle and Erik Menéndez Story. The show focuses on the 1989 murders of José and Kitty Menéndez by their sons Erik and Lyle.

    The prosecution convinced a jury the two brothers were cold-blooded killers, driven by the desire to access their parents’ wealth. The brothers, meanwhile, claim to be victims of physical, emotional and sexual abuse at the hands of their parents – and say the killings were therefore self-defence.

    What’s the truth? Perhaps both.

    Javier Bardem and Chloë Sevigny play the roles of the parents, José and Kitty.
    Netflix

    Creating the image of a ‘monster’

    The case details are well known. In fact, I have taught this case to my own criminology students as an example of the victim-offender overlap, as clearly these brothers existed in a very dysfunctional family.

    On August 20 1989, brothers Lyle (then 21) and Erik (then 18) shot and killed their parents in their Beverly Hills mansion. They faced two trials. The first one in 1993 saw the brothers tried separately and ended in two hung juries and subsequent mistrials.

    In the second trial, which began in 1995, the pair were tried together. In 1996 they were found guilty of first-degree murder and conspiracy to commit murder, and sentenced to life in prison without the possibility of parole.

    Interestingly, the prosecution raised new objections to the admission of a large amount of defence evidence in the second trial, so the judge consequently excluded much of the evidence of abuse.

    This essentially dismantled the brothers’ entire defence, which was predicated on the fact they killed their parents out of fear, after they threatened to expose their father for serious and protracted physical, sexual and emotional abuse.

    In their second trial, Erik and Lyle were found guilty of murdering their parents and sentenced to life without parole.
    Netflix

    The Netflix series has created significant controversy. It documents a version of events leading up to the murders, including detailed histories of both Lyle’s and Erik’s sexual abuse, as well as the crimes themselves and subsequent trials.

    In the series, the brothers are portrayed in a homoerotic and incestuous way. For context, back in 1995 Lyle testified that he sexually offended against Erik, but this was against the background of the alleged sexual abuse from their father.

    Monsters, on the other hand, shows the brothers having an incestuous relationship as adults. The brothers deny this and there’s little evidence to support it.

    While the pair is sometimes painted in a sympathetic light, at other times the viewer is led to question whether greed was their true motive.

    Erik Menéndez has slammed the series, saying it walks back on decades of understanding of the devastating impacts sexual abuse has on male victims.

    I have to agree.

    The brothers didn’t just kill their parents and call it a day. These murders were incredibly brutal. As a criminologist, it looked to me like they were trying to obliterate their parents.

    José was shot in the back of the head, execution-style, while Kitty was shot a total of ten times, including one shot directly to her face. Such crimes are generally not motivated by money; they tend to be driven by something much deeper.

    After their parents’ deaths, the Menéndez brothers appeared to be spending their inheritance extravagantly – a point that later contributed to the prosecutor’s case against them.
    Netflix

    Murder porn at its worst

    This case can be seen through the ghoulish eyes of “murder porn”. The first trial, which was televised in 1993, went viral on TikTok in 2021, engaging a new generation of fans.

    Watching the footage from the 1990s, some of us will remember the legions of screaming girls who welcomed the handsome brothers to court. It was more like a scene from a boyband concert than a brutal double-murder trial.

    Whether you believe the brothers are cold-blooded and opportunistic killers, or victims of serious child abuse, will influence your take on the ongoing interest in the case and the portrayal in Monsters.

    Ari Graynor plays Leslie Abramson, the lawyer who represented Erik in both trials.
    Netflix

    Monsters isn’t the first example of Ryan Murphy and Ian Brennan cheapening real tragedies by turning them into voyeuristic and fictionalised television.

    The first instalment of the same series focused on Jeffrey Dahmer, a serial killer and sex offender who killed 17 men and boys between 1978 and 1991. Dahmer also engaged in necrophilia and cannibalism, so his brutal crimes were rich fodder for Netflix.

    Dahmer’s victims were openly critical, saying the retelling of the offender’s story diminished their loved ones’ suffering and revictimised them by opening old wounds.

    Regardless, Dahmer achieved critical acclaim with 13 nominations at the 2023 Emmy Awards, no doubt spurring the creators’ enthusiasm to further develop the franchise.

    The way forward

    The path to ethical true crime depiction lies in establishing facts and veering away from embellishing or glorifying the criminal or their crimes.

    Ideally, true crime should be victim focused and should achieve a purpose beyond entertainment. We have a lot to learn from criminal history, but these stories should be told in educational ways that respect and honour victims’ lives.

    While the real Menéndez family was dysfunctional, their portrayal in Monsters can only be considered sensational.
    Netflix

    We each have a responsibility to consume ethically produced true crime. Whether it’s TV series, films, podcasts or books, we vote for what we want through our engagement. My maxim is to choose content that reflects how I would want my story told, were I to ever become the focus of a true crime production.

    If you’re curious to hear more about the Menéndez brothers’ story, a new Netflix documentary called The Menéndez Brothers is set for release on October 7. Both Erik and Lyle have contributed to it through phone interviews conducted from prison – and they say there’s much that hasn’t been told.

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

    ref. Netflix’s Monsters is ‘murder porn’ at its worst. It comes at a cost to real victims – and the truth – https://theconversation.com/netflixs-monsters-is-murder-porn-at-its-worst-it-comes-at-a-cost-to-real-victims-and-the-truth-239596

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Mixing it up: hybrid work models can offer the best of both worlds for worker wellbeing and productivity

    Source: The Conversation (Au and NZ) – By Stephen Blumenfeld, Director, Centre for Labour, Employment and Work, Te Herenga Waka — Victoria University of Wellington

    Prime Minister Christopher Luxon sparked debate on the future of work in New Zealand this week when he ordered public service employees back to the office.

    But Luxon’s edict neglects a broader transformation in work culture.

    Work from home (WFH) arrangements have grown considerably over the past decade, propelled by an increase in dual-income households and rapid technological advancements.

    The COVID pandemic acted as a catalyst for further change, proving that many jobs could successfully be performed remotely.

    Our upcoming article in the New Zealand Journal of Employment Relations addresses the pros and cons of remote work. We highlight how a hybrid model – mixing days in the office with days working from home – can improve wellbeing, engagement and productivity.

    We found embracing a hybrid approach may lead to better outcomes as society shifts with technology and employment expectations. And, despite the prime minister’s demands on public service workers, it may be too late to go back.

    Embracing flexibility

    Under current rules, employees can request flexible working arrangements. Employers must provide valid reasons if they decline the request.

    According to a 2023 survey from Human Resources New Zealand, 40% of HR professionals noted productivity gains as a critical advantage of WFH arrangements.

    And some professional organisations have embraced work from home or hybrid work arrangements.

    The New Zealand Law Association, for example, has emphasised the significant benefits of flexible work for their members, including increased employee engagement, productivity, and overall wellbeing.

    A report from Te Kawa Mataaho Public Service Commission noted the public service’s success in delivering quality services during the pandemic while working remotely.

    The commission’s current guidance on hybrid work arrangements supports flexibility that allows working from home to focus and working together when necessary.

    Does WFH reduce efficiency?

    Luxon argues forcing workers back to the office will promote efficiency. But there is little evidence suggesting New Zealand’s productivity has significantly declined with WFH or hybrid arrangements.

    Instead, we found office-only arrangements risked introducing new inefficiencies for the government. These included new layers of permissions and reporting on arrangements that have already been agreed to.

    The assumption that office work suits everyone is also contradicted by experiences during and after COVID.

    During the first year of the pandemic, many workers felt the void of casual interactions that once sparked creativity. They also struggled with isolation. This was especially pronounced for caregivers, often women, who had to juggle professional duties with increased childcare responsibilities.

    Despite this, a University of Otago survey conducted during the pandemic noted 67% of participants preferred a hybrid work model.

    Many expressed optimism regarding remote work’s continuation, with significant portions reporting stable or increased productivity, although some struggled with home distractions.

    And our research found taking a hybrid approach to work – with one or more days at home – reduced the risks from professional and social isolation and improved collaboration.

    Opportunities to work at home some of the time also allowed time for focused work, reduced commuting time and improved wellbeing.

    Boosting productivity from home

    Luxon’s assertion that working from home is “not an entitlement” aligns with traditional views on work. These include the belief that time at a desk is a measurement of productivity, rather than measuring the outcomes from work.

    However, a growing body of evidence indicates remote work can elevate both productivity and employee satisfaction.

    Eliminating daily commutes allows employees to redirect time toward focused work, positively impacting job satisfaction and mental wellbeing.

    Moreover, remote work fosters inclusivity, enabling organisations to source talent from a broader geographic area, which in turn enhances diversity and innovation.

    A report from McKinsey & Company found businesses adopting flexible work arrangements are better positioned to navigate future uncertainties, sustaining or even boosting productivity.

    A survey by the Australian Council of Trade Unions exploring WFH revealed nearly 48% of participants experienced enhanced productivity, attributed in part to the elimination of commuting.

    However, it also highlighted challenges. Some 40% of respondents said they were facing longer work hours, which can lead to burnout. Addressing these issues is essential to maintaining employee wellbeing.

    The future of work

    Instead of enforcing strict office attendance, leaders should adapt to the changing work landscape.

    Promoting flexible arrangements can foster a more productive and engaged workforce, ultimately benefiting New Zealand’s public service in today’s dynamic environment.

    Balancing both office and remote work presents the most promising path forward.

    Joanne Crawford receives funding from the Health Research Council and the NZ Industrial Relations Foundation Trust.

    Roya Gorjifard receives funding from the Victoria University of Wellington for Doctoral Research.

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

    ref. Mixing it up: hybrid work models can offer the best of both worlds for worker wellbeing and productivity – https://theconversation.com/mixing-it-up-hybrid-work-models-can-offer-the-best-of-both-worlds-for-worker-wellbeing-and-productivity-239710

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Our electricity workforce must double to hit the 2030 renewables target. Energy storage jobs will soon overtake those in coal and gas

    Source: The Conversation (Au and NZ) – By Jay Rutovitz, Research Director, Institute for Sustainable Futures, University of Technology Sydney

    Wanwajee Weeraphukdee/Shutterstock

    The electricity workforce will need to double in five years to achieve Australia’s 2030 renewable energy target, our new report finds. More than 80% of these jobs will be in renewables. Jobs in energy storage alone will overtake domestic coal and gas jobs (not including the coal and gas export sector) in the next couple of years.

    The Australian Energy Market Operator (AEMO) updates its Integrated System Plan every two years. It’s a blueprint for the energy transition from coal to renewable energy. The plan lays out scenarios for how the electricity system might change to help put in place all the elements needed to make the transition happen.

    AEMO and the RACE for 2030 co-operative research centre commissioned the Institute for Sustainable Futures to undertake modelling on the workforce needed for this transition. The “step change” scenario in the Integrated System Plan is broadly aligned with the 2030 renewables target. Under this scenario, we found the electricity workforce would need to grow from 33,000 to peak at 66,000 by 2029.

    Rooftop solar and batteries together are projected to account for over 40% of these jobs. Wind farms will employ around one-third and solar farms just under 10%. Jobs would also treble in transmission line construction to connect renewables in regional areas to cities and other states in the next few years.

    Job projections in the National Electricity Market under the ‘step change’ scenario that aligns with the 2030 renewables target.
    Author provided

    Job growth would surge in a ‘renewable energy superpower’

    In the “green energy export” scenario, Australia becomes a “renewable energy superpower”. The country uses renewable energy to export green hydrogen and power heavy industry. In this scenario, the electricity workforce would almost treble to 96,000 by the late 2020s.

    By 2033, after construction peaks, more than half of electricity sector jobs will be in operations and maintenance. This applies to both the step change and green energy export scenarios.

    A significant employment downturn is projected during the 2030s. But in the green energy export scenario jobs then climb steeply again to a peak of 120,000. This projection reflects AEMO’s expectations of when green export growth will occur.

    New South Wales is projected to have the most renewable energy jobs in the 2020s. However, Queensland would become the largest state for renewable jobs (especially in wind farms) in the green energy export scenario.

    Projected total job numbers by scenario.
    Author provided

    What are the other possibilities?

    “Progressive change” is another scenario in the Integrated System Plan. For this scenario, we modelled slower growth in renewable energy. It reflects constraints on the economy and supply chains (including labour and minerals) for renewables.

    In an “enhanced manufacturing” scenario, local renewable energy manufacturing increases. Our modelling found it could create a peak of 5,000 extra jobs.

    Importantly, these projections don’t include upstream jobs in supply chains for the sector (for example, increased mining to supply the resources that renewables need) or electrification of homes.

    Creating this many jobs is very challenging

    Our modelling shows the workforce needs to grow very rapidly to make Australia’s energy transition happen. Unfortunately, the challenges of building this workforce are daunting. They include:

    • there’s a shortage of almost all key occupations in demand for the electricity sector – electricians, engineers, construction managers – according to Australia’s Skills Priority List

    • “extraordinary growth” forecast by Infrastructure Australia in other major infrastructure projects, such as transport, which will compete for many of the same skilled workers

    • under AEMO’s scenarios, employment will be subject to boom-bust cycles, which increases the risk of skill shortages and damaging impacts, such as housing shortages, in regional areas

    • Australia has relied heavily on skilled migrants – and will look to do so again – but many parts of the world are chasing the same workers.

    The International Energy Agency has noted:

    Labour and skills shortages are already translating into project delays, raising concerns that clean energy solutions will be unable to keep pace with demand to meet net zero targets.

    What can be done to avoid skill shortages?

    Some action has been taken to increase the workforce. The federal government, for instance, is subsidising apprentices under the New Energy Apprenticeship program.

    But action isn’t happening at the scale and pace required.

    What else can be done?

    Firstly, Jobs Skills Australia and Powering Skills Organisation (which oversees energy skills training) have outlined ways to increase the system’s capacity to train more skilled workers. This includes creating better pathways into renewable energy for students, especially in recognised Renewable Energy Zones.

    Secondly, Jobs Skills Australia has noted the need for renewable energy businesses to increase their intakes of apprentices. It recommends expanding the Australian Skills Guarantee to include generation and transmission projects.

    The guarantee has set mandatory targets for apprentices or trainees to complete 10% of labour hours on Commonwealth-funded major construction and information technology projects (A$10 million plus). It could also be applied to major government funding programs for renewable energy and transmission. These include:

    • the Capacity Investment Scheme, a government tender program to support a large volume of new renewables and storage projects

    • Rewiring the Nation, a $20 billion fund for transmission lines

    • grants from the Australian Renewable Energy Agency and the Clean Energy Finance Corporation.

    Thirdly, government tenders could moderate the peaks and troughs in employment by limiting the maximum and minimum volumes built each year.

    Fourthly, including more women and First Nations Australians can increase labour supply and workforce diversity. Only one-in-two First Nations Australians are employed compared to around two in three in the wider population. Yet they account for around one-in-ten people in some major Renewable Energy Zones.

    Government pre-employment programs, working with industry and First Nations groups, could also increase the supply of workers. These could have a dramatic social impact too.

    It’s a challenging problem whichever way you look at it. We need rapid change to build renewable energy capacity before coal plants retire and to tackle climate change. But that depends on growing the workforce amid skill shortages.

    There’s a range of ways to increase the supply of workers and improve local outcomes. But we are running out of time. Urgent action is needed.

    The Institute for Sustainable Futures, University of Technology Sydney received funding from the Australian Energy Market Operator and the RACE for 2030 CRC for the report upon which this article is based

    The Institute for Sustainable Futures, University of Technology Sydney received funding from the Australian Energy Market Operator and the RACE for 2030 CRC for the report upon which this article is based.

    ref. Our electricity workforce must double to hit the 2030 renewables target. Energy storage jobs will soon overtake those in coal and gas – https://theconversation.com/our-electricity-workforce-must-double-to-hit-the-2030-renewables-target-energy-storage-jobs-will-soon-overtake-those-in-coal-and-gas-239718

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: The ‘best comet of the year’ is finally here – here’s everything you need to know

    Source: The Conversation (Au and NZ) – By Jonti Horner, Professor (Astrophysics), University of Southern Queensland

    AstroStar/Shutterstock

    In January 2023, a new comet was discovered. Comets are found regularly, but astronomers quickly realised this one, called C/2023 A3 (Tsuchinshan-ATLAS), had the potential to be quite bright.

    Some hyperbolic reports have suggested it might be the “comet of the century”, but any astronomer will tell you the brightness of comets is notoriously hard to predict. As I explained last year, we’d have to wait until it arrived to be sure how bright it would become.

    Now, the time has come. Comet C/2023 A3 is currently visible with the naked eye in the morning sky in Australia and Aotearoa New Zealand, with its best yet to come in the next few weeks. And it does look promising. It’s unlikely to be the comet of the decade (never mind the comet of the century), but it will almost certainly become the best comet of the year.

    So where, and when, should you look to get your best views of this celestial visitor?

    A show in the morning, before sunrise

    At the moment, comet C/2023 A3 (Tsuchinshan-ATLAS) is a morning object, rising around an hour and a half before sunrise. It is visible to the naked eye, but not yet spectacular. However, with binoculars you can easily see the comet’s dusty tail pointing away from the Sun.

    The comet will remain at about the same altitude in the morning sky until around September 30. It will then get closer to the horizon on each consecutive morning until it’s lost in the glare of the approaching dawn by October 6 or 7.

    If you want to spot the comet in the morning sky, look east. The sliders below will help you orient yourself and choose the best time to look, depending on your latitude.

    During this period, the comet should slowly brighten. It reaches its closest approach to the Sun (perihelion) on September 27, when it will be 58 million kilometres from our star.

    As it swings around the Sun, it will continue to approach Earth, and so should continue to brighten. The best show in the morning sky will likely be during the last couple of days of September and the first few days in October, before the comet is lost to view.

    A potential daylight comet

    Thanks to pure good fortune, comet C/2023 A3 (Tsuchinshan-ATLAS) will then pass almost directly between Earth and the Sun on October 9 and 10.

    This could cause a spectacular brightening of the comet, thanks to “forward scattering” caused by its dust. Imagine looking towards a bright light source through a cloud of dust grains. The grains nearest to the light source will scatter light from the source back towards you.

    As the comet swings between Earth and the Sun, it will be perfectly placed for this forward scattering process to occur. If the comet is particularly dusty, this could cause its apparent brightness to increase by up to 100 times.

    If it does, there’s a small chance the comet could briefly become visible in the daylight sky on October 9 and 10.

    However, it will be very close to the Sun in the sky, and incredibly hard to spot. Only the most experienced observers may be able to detect the comet at this time, and it requires a special technique. Do not try to stare at the Sun to see it.

    The best show could be after October 12

    After swinging between Earth and the Sun, the comet will appear in the evening sky. It will rapidly climb in the western sky, and should be a bright, naked-eye object for a few days from October 12. The sliders below will give you a sense of where to look.

    For the first few days of this period, the comet will still benefit from the forward scattering of sunlight, but this will decrease as it moves away.

    What about the tail?

    The positioning of the comet, Earth and the Sun in the Solar System means the comet’s tail will be streaming outwards, past our planet. This means it could grow to prodigious lengths in the night sky.

    The bulk of that tail will likely be too dim to see easily with the naked eye, but it could be a fantastic spectacle for photographers. Expect to see a wealth of comet images flooding the internet around the middle of October.

    As the days pass and the comet climbs higher, it will fade quite rapidly. It will likely become too faint to see with the naked eye, even for seasoned and experienced observers, before the end of October.

    At that point, the show will be over. Comet C/2023 A3 (Tsuchinshan-ATLAS) will continue to flee the inner Solar System, moving into the icy depths of space, never to return.

    How reliable are the predictions?

    At the moment, the comet is already bright enough to consider it the “comet of the year”, outshining comet 12P/Pons-Brooks from earlier this year.

    But remember the classic saying – comets are like cats. They have tails and will often surprise us. For now, comet C/2023 A3 is behaving itself. It’s brightening predictably, and putting on a good show.

    But comets that approach this closely to the Sun often fragment. This is impossible to predict, and far from guaranteed. If the comet did break up, it could become even more spectacular because of all the dust and gas it would release.

    The opposite could still happen, too. The comet could fail to brighten as much as we expect, although that seems unlikely at this stage.

    Whatever happens, we’re in for a fascinating few weeks of comet watching. Hopefully, a real spectacle awaits us.

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

    ref. The ‘best comet of the year’ is finally here – here’s everything you need to know – https://theconversation.com/the-best-comet-of-the-year-is-finally-here-heres-everything-you-need-to-know-239300

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: An educational complex will be built in the north of Moscow as part of the KRT project

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The investor will build and transfer to the city an educational complex, as well as transport and engineering infrastructure facilities within the framework of the integrated development of the territory (IDT) of the former industrial zone of Bratsevo. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “Based on the results of the preparation and approval of the territory planning project, the city entered into an additional agreement to the contract for the integrated development of the site with the company that is redeveloping the former industrial zone of Bratsevo. According to the document, by 2030 the investor will build and transfer to the city an educational complex for 1,075 places, including a kindergarten designed for 325 pupils and a school for 750 students, as well as transport and engineering infrastructure facilities,” said Vladimir Efimov.

    The territory is located in the north of the capital near the Baltiyskaya station of the Moscow Central Circle.

    “The project for the integrated development of a 22-hectare territory is already being actively implemented. The investor has begun construction of the first-stage facilities. In total, by 2031, it is planned to build more than 550 thousand square meters of residential, social and public-business real estate on the site,” noted the Minister of the Moscow Government, Head of the Department of City Property of the City of Moscow

    Maxim Gaman.

    The company will also improve the courtyards and create a park with a boulevard. A promenade area of over two hectares will be laid along Vyborgskaya Street and Novopetrovsky Proezd. At each stage, the construction of the residential quarter on the site of the former industrial zone of Bratsevo is monitored by Mosgosstroynadzor.

    According to the Chairman of the Moscow State Construction Supervision Authority Anton Slobodchikova, in August 2023, the committee gave permission to begin construction of the first stage of the project. It includes 10 sections of a residential building with 1,506 apartments. The developer began work on the site in the Voykovsky district on Admirala Makarova Street (building 2/16) in November of the same year. The area of residential premises will be 86.7 thousand square meters. The first stage of construction is expected to be completed in 2027.

    Earlier Sergei Sobyanin told, that over 80 percent of KRT projects involve the construction of real estate near major transport facilities. Multifunctional city blocks are being created within the framework of the program. Roads, comfortable housing and all necessary infrastructure are being designed on the sites of former industrial zones and inefficiently used areas.

    Currently, there are 236 KRT projects in Moscow at various stages of implementation, with a total area of over 3.1 thousand hectares. Their development is being carried out on behalf ofSergei Sobyanin.

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

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

    http://vvv.mos.ru/nevs/item/144418073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Australia: Doorstop – Launceston

    Source: Australian Executive Government Ministers

    ANTHONY ALBANESE, PRIME MINISTER: Well, it’s fantastic to be here with the Premier of Tasmania, Jeremy Rockliff, with my Education Minister, Jason Clare, with Senator Helen Polley and with Deputy Premier, Michael Ferguson here this morning. And this is a big day for the Commonwealth and a big day for Tasmania. The two services that are most important to people’s lives are health and education. And today, we have some fantastic announcements on both. First of all, it’s great to be here at Launceston General Hospital. I do want to thank the administration and the staff, the doctors, the nurses, the volunteers who’ve shown us around here this morning. It’s been a great privilege, and I do want to take the opportunity to thank them for the difference that they make to people’s lives here in Northern Tasmania. But I want to say that it’s a good day for them too, it’s a good day, most importantly, for the people of Northern Tasmania. Because this announcement today of $120 million from the Federal Government for a Northern Heart Centre will make an enormous difference. People in Northern Tasmania should not have to cross the Bass Strait to the North Island in order to get the health care that they deserve. They should get it here in their local community and this Northern Heart Centre, which is well advanced in terms of its planning, will make an enormous difference for research. Most importantly, to be able to get that early detection and early care here, so that if you avoid a traumatic incident, then you actually save money as well as saving lives. And that’s why I’ve been talking with the Premier about the importance of this. This will mean more beds and less pressure on the hospital’s Emergency Department. The Centre will have its own dedicated lab that can diagnose and treat various heart conditions, allowing patients to bypass the Emergency Department with its own access to the intensive care unit and medical imaging. That will make an enormous difference here in Northern Tasmania. And I’m very proud that this is a part of my Government’s commitment to strengthening Medicare and providing better healthcare for all Australians, regardless of where they live. Further today I can announce that my Government and the Tasmanian Government have signed a historic agreement that means all Tasmanian public schools will be fully and fairly funded. We promised we would fully fund schools in Tasmania and today we deliver. Tasmania is the third state now after Northern Territory and Western Australia to sign up. The Commonwealth has $16 billion on the table to make sure that every school can reach that designation of fair funding that was first put forward by Gonski, by David Gonski, in his Review. The other thing that it will do of course, is the nature of education as well. Because we want to make sure it’s not just about dollars, it’s about how education is delivered. And the signing up of this agreement will make sure that the priorities that parents talk about, making sure that the basics are looked after, make sure that we lift literacy and numeracy right across Tasmania, but right across the country, is what we want to see. We want to make sure that if a child falls behind that a school is in a position to be able to lift them up. Simple as that. During the election campaign in 2022, I spoke about no one being left behind and no one held back. And that’s what education and health are at the centre of. Making sure that no one’s left behind. Every child has the opportunity to fulfil their potential, but also making sure that people are looked after in terms of their healthcare. So, this is a really exciting day and it’s a good day. And I do want to thank Jeremy for the relationship that we have, in spite of the fact we’re from different political parties, we’re just concerned about getting things done. And that’s what this is about today. Getting things done in the interests of Northern Tasmanians when it comes to healthcare and getting things done on behalf of all younger Australians, Tasmanians and their families, importantly going forward as well. So, I want to thank Jason Clare as well for the extraordinary work that he has done. Mark Butler, our Health Minister has worked hard on this as well, and that is a very good thing that we’ve been able to achieve this today. I’ll hand over to Jeremy, I will then hand to Jason Clare, the Education Minister, and then I’m happy to take some questions and I’m sure that Jeremy will as well. And then we have some document signing that we’re going to do to fulfil this delivery that we’re announcing today.

    JEREMY ROCKLIFF, PREMIER OF TASMANIA: Thank you very much, Prime Minister. And it’s great to be here with the Deputy Premier, Michael Ferguson, Federal Minister for Education, Jason Clare and Senator Helen Polley. Thank you Fiona, for your commitment and passion to healthcare across the North. As Chief Executive of the Launceston General Hospital, can I say to you a big thanks to all the people that you work with on a daily basis. From administration to the healthcare professionals, to the volunteers that make up this wonderful institution, the Launceston General Hospital, delivering healthcare for many, many thousands of Tasmanians across north and north west Tasmania. This is a great day for healthcare. This is a great day for our schools, education and public investment in education. And I want to thank the Prime Minister for the great collaboration that we have had over the course of the last couple of years. It’s not the first time I’ve stood alongside the Prime Minister when it comes to announcing key partnerships in health. Whether that be GP recruitment, whether that be Urgent Care Clinics. It’s not the first time, of course – we’ve also got partnerships when it comes to urban renewal projects as well. And so what Tasmanians expect is their federal and state governments to work together in the very best interests of them and in this case the best interests served in healthcare and indeed our schools across Tasmania. We made a very clear commitment at the last election that we will deliver a $120 million Heart Centre and that is exactly what will be delivered at this site over the course of the next few years. That commitment has been realised through the strong collaboration and working relationship with the Federal and State Governments. A $120 million commitment from the Federal Government. And can I say Prime Minister, thank you to you, to Mark Butler – who I worked with very closely as Health Minister for a number of years – but also on behalf of all Tasmanians that will of course be cared for through this facility. Northern and north western Tasmania have the highest rates of cardiovascular disease in the country. This is why this investment is so critical and the partnership will endure. The partnership of capital investment from the Federal Government and of course the operational investment from the Tasmanian Government means that this will be delivered. It will be delivered by 2029 and will be servicing Tasmanians, particularly Northern Tasmanians, for many, many decades to come. Can I also pay tribute to Jason Clare, the Federal Minister for Education, and of course our State Minister for Education, Jo Palmer, who would be here if it wasn’t for Budget Estimates in southern Tasmania. I know Jason and Jo have worked very closely in securing this Agreement on behalf of families across Tasmania, our students, of course, in public schools. There is no better investment in productivity and wellbeing than education. And having been Education Minister for seven years, I can well and truly appreciate the need for fair funding when it comes to our public schools, particularly our schools of disadvantage across the country and indeed in Tasmania. That’s why I was very proud to be part of the Gonski Two Agreement as Education Minister, where you apply that fair funding model to support students across our public school environment. What this will mean is an additional $300 million into our public schools over the course of the next five years, focusing on early intervention when it comes to numeracy and literacy, focusing on students well being as well. And when students have good wellbeing, they have a very strong learning environment as well. And so we are committed as a Tasmanian Government, in partnership with the Federal Government, to deliver significant uplift in funding for our public schools over the next five years or sooner. So, thank you for working with us, Prime Minister and Federal Education Minister, Jason Clare. It is a great example of federal and state governments working together. At the end of the day, what Tasmanians care about is good quality services and what they want to see is cooperation in partnership between federal and state government, irrespective of political colour, to deliver for them. And today we have delivered in spades for our public schools and healthcare across Northern Tasmania. And with those few words, I’ll hand to Jason.

    JASON CLARE, MINISTER FOR EDUCATION: Thanks Premier. Can I start by paying credit to the Prime Minister and the Premier. These are two leaders who know how to get the job done and these are two leaders who understand the power of education. The power of education to change children’s lives. And this investment, this announcement that we’re making today, will change the lives of children here in Tasmania. Can I also thank you Deputy Premier. And can I thank my dear friend, the Education Minister of Tasmania, Jo Palmer, who, as the Premier said, can’t be with us because of Estimates. She is a great Education Minister. It’s a privilege to work with her and I’m looking forward to implementing this Agreement that we’ll sign today with her. This is a historic day for Tasmania. It’s a historic day for public education in Tasmania. Today we sign agreements that will make sure that every public school in Tasmania is fully funded, as the Prime Minister said, at that level that David Gonski set for us all those years ago. And the Premier talked about the money, about $300 million. But he also made the point, and I’m glad you did, Premier, about what this money will be invested in. Because it’s not just about the money, it’s what it does. This money will help us to invest in things like a phonics check and a numeracy check in year one or in the early years, to identify children who are falling behind when they’re little and then make sure that we intervene and provide them with the sort of supports that will help them to catch up and to keep up and to finish school. Things like catch up tutoring. We know that when a child’s falling behind in a classroom of 20 or 30, if you take them out of that classroom, into a classroom of two or three, with one teacher, four days a week, 40 minutes at a time, that they can learn as much in six months as they’d normally learn in a year. In other words, they catch up. And if children catch up when they’re young, they’re more likely to go on and finish high school and then go on to TAFE or to university. And the investment in health and wellbeing is just as important. There’s a real and obvious link between education and health. You see it in these two announcements today, but we also see it in our classrooms. Because children that are experiencing mental health challenges are more likely to not be at school, to be absent from school. And by year nine, they’re about a year and a half or three years behind the rest of the children in their class in literacy and numeracy. So, investments in things like psychologists and counsellors to provide that wrap around support at schools can make all the difference in whether a child finishes school or not. Can I end where I began – this is a fantastic example of our two governments working together. And most importantly, it shows what we can achieve when we work together. And when Parliament returns, I’ll introduce legislation to make this extra investment in our children and in Tasmania a reality.

    PRIME MINISTER: Thanks, Jase. Happy to take questions.

    JOURNALIST: Prime Minister, has your Government asked Treasury –

    PRIME MINISTER: We’ve got an announcement to help every child in school and can we have questions about this first? And then I’m happy to go down whatever direction you want. Are there any questions about today’s announcements?

    JOURNALIST: The Education Union has been calling on this for some time. Why are you choosing to fund it now?

    PRIME MINISTER: We’ve been in government for two years and we’re getting it done. We’ve got it done now with the Premier, Roger Cook. We’ve got it done in the Northern Territory, which in particular required a substantial lift up per person in the Northern Territory because so many schools there, particularly in remote areas, have missed out. And we’ve got this done in Tasmania and we’re hopeful of getting it done in other states as well, are imminent. I’ve been speaking with Premiers and Chief Ministers. At the last meeting of the National Cabinet, the Premier and I, as well as other Premiers and Chief Ministers, spoke about how important this was, that we get this done. David Gonski did this work some time ago in the Gillard Government to look at what the level of funding was needed to bring every child up to the best of their potential. And that’s what Jason has spoken about – practical differences that it makes. I think it helps, the fact that Jeremy’s been the Education Minister and gets it. And so I’d encourage the other states to sign up. We’ve got $16 billion on the table. This means that the Commonwealth contribution will be lifted up to 22.5 per cent of that standard and the state contribution will be lifted to 77.5 per cent. Making sure that this is realised, because this is so important and we’ve been able to get it done and we’re getting it done today.

    JOURNALIST: Prime Minister, on the Heart Centre. We know right across Australia, Tasmania is no exception, that there is a critical shortage of healthcare workers. How confident are you that there will be the workers that are needed to make this Centre a success?

    PRIME MINISTER: We’re very confident that that can be done. One of the things that we’re doing as well is making sure that we train additional doctors, that we train nurses and healthcare professionals. I’ve been into TAFEs here in Tasmania, for example, I met young people and people retraining to go back into the health system. That has been very important. So we’ll work as well, we have – as Jeremy said, we had quite an innovative plan for additional GPs here that we announced. I think just down the road in Devonport at the Mercy Hospital. We are working with the Tasmanian Government to make sure that we have that capacity. We do need an appropriate workforce in order to deliver. But the other thing is, if you don’t do the right thing, sometimes you can end up chasing your tail. So, emergency departments get more and more pressure on them, which creates more difficulties in the system. So, we have, for example, our four Urgent Care Clinics that have opened here in Tasmania. We’ve got a fifth coming and there’s a potential of more there. They have seen tens of thousands of Tasmanians – all Tasmanians have needed is their Medicare card, not their credit card. They’ve got the care that we need. I’ve been into the Urgent Care Clinic there in Hobart that has been an enormous success. There’s one here in Lonnie. And what we do if you do that is you stop people going to the emergency departments of hospitals, if they have a broken arm or the kids fall off the bike or the skateboard, or they cut themselves preparing dinner – they can get that care on the spot when they need it, where they need it and for free as part of our commitment to extending Medicare. So, that’s made a difference as well to the system. Okay. Happy to take other things.

    JOURNALIST: Have you asked for a modelling on the impacts of negative gearing, Prime Minister?

    PRIME MINISTER: Look, I’ve seen those reports and what we do is we value the Public Service. So, from time to time I’m sure the Public Service are looking at policy ideas. That’s because we value them. But we have our housing policy. It’s out there for all to see. It’s currently being blocked. At the risk of being partisan here, it’s currently being blocked by a No-alition of the Liberals, the Nationals and the Greens in the Senate. They’re blocking our Help to Buy scheme that’s about increased home ownership. They’re blocking our Build to Rent scheme. I mean, why you would block – the Greens position is that they’re blocking the Build to Rent scheme because if you have medium density housing built, it’ll be built by developers. Well, yeah, hello. I’m not sure who they think builds houses and medium density housing and increases supply. So, our focus as a Government is on supply.

    JOURNALIST: (inaudible)

    PRIME MINISTER: Sorry?

    JOURNALIST: Is your Government considering making changes to negative gearing and capital gains tax concessions?

    PRIME MINISTER: What our Government is considering is fixing housing supply by getting our legislation through the Senate. That’s what we’re considering.

    JOURNALIST: Would you rule out changes to negative gearing and property taxes this term or next?

    PRIME MINISTER: Well, what we’re doing is doing the legislation that we have before the Senate. So, I talk about what we’re doing, not what we’re not doing. And what we’re doing, is trying to get through that legislation through the Senate.

    JOURNALIST: But just to confirm, Prime Minister, your Government has asked Treasury for modelling?

    PRIME MINISTER: No, I didn’t confirm that. Treasury, I’m sure, like other departments do a range of proposals, policy ideas. I want a Public Service that is full of ideas.

    JOURNALIST: The RBA is looking through your rebates (inaudible)?

    PRIME MINISTER: Sorry?

    JOURNALIST: The RBA is looking through your rebates. Have your attempts to get a rate cut failed?

    PRIME MINISTER: What we’ve done is to reduce inflation to half of what it was. Half of what we inherited. Now, there’ll be new figures out tomorrow, or today, actually, we will wait and see what they show in a couple of hours’ time. But we know that the last time around, the monthly figures showed a rate of 3.5 per cent. Which is half, basically, of what we inherited. And we’ve done that, putting that downward pressure on inflation, by producing two budget surpluses, turning a $78 billion deficit into a $22 billion surplus last year. And this year, the financial year just finished, another surplus that will be in double digits in terms of the figures when they’re finally released or finalised in a couple of weeks’ time. So we have as well, we indicated on Monday, that has seen debt decreased by the Commonwealth by around about $150 billion from what was predicted in PEFO, the Pre-Election Forecast, that were there in Treasury of what the former Government was going to deliver. And we’ve done all of that whilst we have given cost of living support. Whether it’s a tax cut for every taxpayer, Energy Bill Relief for every household, 500,000 Fee-Free TAFE places, Cheaper Child Care. While we have delivered all of those measures, as well as delivering important funding, such as what we’ve been able to deliver here in Tasmania. Making sure we’re working to deliver proper services in health and education. That’s what happens when you have responsible economic management. And the Reserve Bank, of course, set interest rates independent of the government – that is their job. Our job is to put downward pressure on inflation, but also look after people. We have had now 980,000 jobs created on our watch. More jobs created since I’ve been elected as Prime Minister than in every previous term of any Prime Minister since Federation. I’m very proud of that. It’s been a difficult economic task, but we have delivered what we have set out to do, which is that downward pressure on inflation whilst we’ve been helping with cost of living relief.

    JOURNALIST: On cost of living, will you introduce new cost of living measures in a pre-election Budget?

    PRIME MINISTER: Well, one of the things that we are going to do, and you will have seen on Monday when it comes to cost of living as well, is take on businesses when they’re not doing the right thing by consumers. Now, this action by the ACCC in taking Woolworths and Coles to court in order to hold them to account for what the ACCC alleges has happened. When you have a packet of Oreos lifted up in prices and by triple the amount in which they’re then decreased and a sign put on them saying that it’s a special, then that is not doing the right thing by consumers. Now people out there are under financial pressure and they’re looking for value, they’re looking for bargains. And so when they go into a supermarket and see ‘special’ or ‘prices down’, they trust that that is the truth. Now it’s not the truth if a supermarket has increased the price by $1.50 from what it was and then a month later put it down by fifty cents and purported to argue that they have decreased the price. That is a breach of trust, it’s a breach of faith. Australians are rightly angry about it, as they should be, and my Government is taking action. The ACCC are taking them to court. We have released on Monday as well exposure drafts of our changes to legislation, as well as our changes to the mandating of the code of conduct for supermarkets, as recommended by Dr Craig Emerson. It is extraordinary that under the former Government you had a voluntary code of conduct, just expecting that people would voluntarily do the right thing. Quite clearly, that’s not good enough, which is why we’re mandating. That’s a part of dealing with cost of living pressures. So we want wages to increase and we’re delivering that, including in Jason’s area, a 15 per cent increase in the wages of early educators in childcare. We have delivered a substantial increase in the wages of aged care workers. We’ve delivered tax cuts on top of that. So we want people to earn more and to keep more of what they earn. That’s all a part of our cost of living measures.

    JOURNALIST: Here in Tasmania, will you exempt the Macquarie Point Stadium from GST calculations?

    PRIME MINISTER: No.

    JOURNALIST: Why not?

    PRIME MINISTER: Because if we did that, we’d have to do the same for the Olympic sites in Queensland, for every infrastructure project in the country.

    JOURNALIST: Wasn’t that done for a stadium in Jim Chalmers electorate?

    PRIME MINISTER: We won’t, well I’m not sure what stadium with hundreds of millions of dollars you’re referring to in Jim’s electorate in Logan. I’m very familiar with the electorate. So we will be, can I make this point. We’ll be exempting this contribution to the hospital, to the Northern Tasmania Heart Centre from the GST. It’s very different. But infrastructure projects, of course, it all adds up. It all evens out. I’m not sure this is understood fully by people in these positions, but when you have the GST equalisation, if you have a proportion of funds invested around the country, then it evens itself out. This is a separate thing which we’ve agreed to exempt from the GST because it’s about healthcare. But infrastructure across the board is not exempt. I was an Infrastructure Minister for six years, I assure you there was no GST exemptions during that period.

    JOURNALIST: Prime Minister, with the Heart Centre comes a lot of money for Northern Tasmania. How concerned are you about your prospects in Lyons?

    PRIME MINISTER: I think Lyons, what I’m doing in every seat, in every state, in the one country of Australia, is governing. We’re doing things here regardless of the political colour. I don’t have a colour coded spreadsheet to determine my funding proposals. And I am working and delivering here in Northern Tasmania, in North West Tasmania, in Hobart. We’re delivering at UTAS down the road here, $65 million each to fix up UTAS and to make it into a much better stadium. We are investing in Macquarie Point, we’re investing throughout Tasmania. We’ll continue to do so and I believe there’ll be an election at some time. If you keep your eye on that white car with the little flag on the front on the day it goes to Yarralumla, then we’ll call an election sometime before, or on or before May, and we’ll put our case to the Australian people. But we have a serious plan for health, a serious plan for education, a serious plan for energy. We’re working here as well. The Marinus Link Project is a great example of the cooperation that was talked about for a long period of time. Well, myself and this Premier have actually got it done. Thanks very much.

    MIL OSI News

  • MIL-OSI Africa: Control Risks and Oxford Economics Africa launch the 2024 Africa Risk-Reward Index: Opportunity through transformation

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

    LONDON, United Kingdom, September 25, 2024/APO Group/ —

    Leading global specialist risk consultancy, Control Risks (www.ControlRisks.com), and its economics consulting partner, Oxford Economics Africa (www.OxfordEconomics.com), today announced the launch of the ninth edition of the Africa Risk-Reward Index. This authoritative report is designed to provide policymakers, business leaders, and investors with a comprehensive guide to navigating the evolving investment landscape across key African markets.

    Download document: https://apo-opa.co/3zu16yU

    The report is released at a time when Africa is experiencing a significant generational shift in politics, increased continental connectivity, and the rapid emergence of transformative technologies that could potentially propel its progress. This pivotal moment presents both opportunities and challenges for businesses operating in African markets, but also risks exacerbating fragilities in some African countries.

    Africa’s outlook is promising. But understanding the nuanced market dynamics and adopting a long-term perspective will be essential for stakeholders — from policymakers and investors to development agencies and civil society — as they navigate the evolving landscape to successful investment outcomes in 2024 and beyond. For African countries and investors looking to invest or grow their business in Africa, the time is now.

    In the ninth Africa Risk-Reward Index, Control Risks and Oxford Economics Africa compare some of the continent’s largest and emerging markets, offering investors a comparative snapshot of market opportunities and risks across Africa in the year ahead.  

    The report examines three key themes outlined below, summarising Control Risks’ and Oxford Economics Africa’s views on Africa’s trajectory in the year ahead.

    Bridging the generational divide – a new era for African politics

    The report’s first theme focuses on how African political leaders are increasingly mindful of their young, growing populations. Recent events have shown that young people are becoming more frustrated with governance, impatient with development, and disillusioned with political establishments. This discontent has manifested in some surprising election results, youth-led protests, and some policy shifts.

    Patricia Rodrigues, Associate Director at Control Risks, said, “The 2024 Africa Risk-Reward Index provides crucial insights into the dynamic changes shaping investment opportunities across the continent. As Africa faces a period of significant political and economic shifts, our report highlights both the potential rewards and the risks that investors must consider. This year’s edition emphasizes the importance of understanding the complex interplay between emerging technologies, infrastructure developments and geopolitical influences to make informed and strategic investment decisions.”

    In South Africa, the ruling party lost its parliamentary majority in the May 2024 elections. In Senegal, the opposition candidate achieved a resounding victory, further illustrating the changing political dynamics in the region. In Kenya, young people organised nationwide protests that led the president to dismiss the entire cabinet.

    Businesses must now operate in a less predictable security and policy environment, as governments strive to balance investment attraction with rising societal demands.

    White elephants and lifelines – the megaprojects reshaping the continent

    Over the past decade, Africa has witnessed a significant surge in infrastructure investment, with large-scale energy, port, and rail projects taking centre stage. These megaprojects are often seen as catalysts for transformative economic growth, addressing long-standing deficiencies in trade corridors and enhancing connectivity across the continent.

    However, these ambitious projects are not without their challenges. Questions about these ventures’ true cost, long-term utility, and the transparency of the deals underpinning them have sparked heated debates across the continent. Many of these megaprojects have been financed through government-to-government agreements, often accompanied by concerns over opaque terms, lack of local involvement, and the potential for unsustainable debt burdens.

    Geopolitical dynamics also play a significant role in shaping Africa’s infrastructure landscape. While China has historically dominated infrastructure investment on the continent, other global powers are increasingly vying for influence. The US, Gulf countries, and other geopolitical actors are stepping up their efforts to fund and develop critical infrastructure projects in Africa, driven by competition for access to natural resources and strategic positioning in the global economy.

    This has resulted in a more complex and competitive environment, where African governments and businesses alike have to carefully navigate competing interests and align their infrastructure needs with their long-term goals.

    Emerging technologies – supercharging economic development

    The advent of artificial intelligence (AI) is poised to unlock new opportunities for innovation across Africa. AI applications in agriculture, climate adaptation, healthcare, and education offer the potential to accelerate economic growth. However, African governments risk lagging their global counterparts in regulating these technologies. Countries like Morocco, Rwanda, and South Africa are taking proactive steps, but others may adopt a more cautious approach, leading to a fragmented regulatory landscape.

    Jacques Nel, Head of Africa Macro at Oxford Economics Africa, added, “The 2024 Risk-Reward Index reveals a continent in flux, where significant shifts in political landscapes and economic conditions are reshaping the investment environment. This year’s report highlights the dual nature of Africa’s growth prospects – offering substantial opportunities while also presenting considerable risks. Our insights aim to equip stakeholders with the knowledge needed to make strategic decisions and utilize all the continent has to offer for sustainable growth.”

    Investment Landscape Outlook

    The 2024 Africa Risk-Reward Index continues to provide a grounded, long-term perspective on investment opportunities and challenges across major African economies. The report examines the shifting economic and political dynamics that are reshaping the continent’s risk-reward profile and offers actionable insights for stakeholders seeking to make informed decisions in this complex environment. African countries are at the intersection of global competition for resources, new trade corridors, and digital innovations. This index serves as a valuable tool for those looking to navigate the continent’s diverse markets and capitalize on emerging opportunities.

    Methodology 

    The Africa Risk-Reward Index is defined by the combination of risk and reward scores that integrate economic and political risk analysis by Control Risks and Oxford Economics Africa.  Risk scores from each country originate from the Economic and Political Risk Evaluator (EPRE), while the reward scores incorporate medium-term economic growth forecasts, economic size, economic structure, and demographics.  

    For details on the individual risk and reward definitions, please contact us at:

    communicationsEMEA@controlrisks.com or africa@oxfordeconomics.com 

    To request a copy of the report please contact: tracy.walakira@apo-opa.com 

    MIL OSI Africa

  • MIL-OSI Translation: Issue of a Confederation loan on October 9, 2024

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Finance Administration

    Bern, 25.09.2024 – The optional date will be used.

    The Federal Finance Administration will use the optional date of October 9, 2024. On October 8, it will communicate as usual which bond will be issued.

    Address for sending questions

    Michael Girod, Communication, Federal Finance Administration, tel. 41 58 465 41 41, kommunikation@efv.admin.ch

    Author

    Federal Finance Administrationhttp://www.efv.admin.ch

    Social sharing

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Russia: The big physics day “PhysFest” will take place at NSU this Sunday

    MIL OSI Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The large-scale program of the event will begin on September 29 at 11:00 in the main building of NSU (Pirogov St., 2). Participants will be able not only to have a fascinating time, but also to expand their knowledge in the field of natural science, get involved in fundamental science, and meet practicing scientists.

    The history of the project began in 2023, when Faculty of Physics The university successfully held the “Physics Day at NSU” as part of the All-Russian Physics Day. The event attracted great interest: it was attended by about 700 people, including more than 500 schoolchildren of different ages. It became clear that PhysFest should become regular, since it promotes the popularization of physics and science in general, attracts new schoolchildren to study the subject, and highlights the activities of NSU and the Physics Department as platforms that allow one to gain knowledge in this area.

    This year, the Science Festival has acquired a larger scale — PhysFest received grant support from Rosmolodezh. The program of the day includes: demonstration of unique physics experiments, interactive exhibitions, lectures, master classes, competitions and mini-Olympiads in physics.

    The project partners were scientific institutes of the Siberian Branch of the Russian Academy of Sciences, departments and workshops of the Physics Faculty of NSU, and the PetroGM company.

    — The project promotes the dissemination of knowledge about physics, helps young people understand the importance of this science in the modern world. In addition, PhysFest has a large social effect — popularization of scientific research activities, development of pre-university natural science training, familiarization of schoolchildren with career opportunities in science and high-tech industries, — said the project manager, Deputy Dean of the Physics Department of NSU Roman Spitsyn.

    According to the organizers, a full-fledged Physics Festival at NSU is not only an opportunity to get closer to science and get to know the university, but also to contribute to your future education. It is also an opportunity to have a fun and unusual time with the whole family.

    Registration for PhysFest is open at the main site of the festival, and in VKontakte group You can learn more about the day’s events and choose the ones you like.

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

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

    http://www.nsu.ru/n/media/nevs/education/big-day-physics-physicsfest-will-be-held-in-NSU-this-Sunday/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: FSTB publishes consultation conclusions on promoting paperless corporate communication for Hong Kong companies

    Source: Hong Kong Government special administrative region

    FSTB publishes consultation conclusions on promoting paperless corporate communication for Hong Kong companies
    FSTB publishes consultation conclusions on promoting paperless corporate communication for Hong Kong companies
    ******************************************************************************************

         The Financial Services and the Treasury Bureau (FSTB) published today (September 25) the consultation conclusions on promoting paperless corporate communication for Hong Kong companies. The report outlines the views received during the consultation period, and sets out the Government’s response and the way forward.      The public consultation was conducted from November 27, 2023, to January 26, 2024. The FSTB received a total of nine submissions from the community, including business chambers, professional bodies and public organisations.      The FSTB briefed the Panel on Financial Affairs of the Legislative Council on the legislative proposals, consulted the Standing Committee on Company Law Reform, and organised a briefing session to introduce the legislative proposals to seven industry organisations.      A spokesman for the FSTB said, “We are pleased to note that the proposals to promote paperless corporate communication for Hong Kong companies have received general support from the community. Respondents agreed that the proposals will help enhance the cost-effectiveness and operational efficiency of companies, thereby achieving the objectives of streamlining procedures and promoting a green business environment. Respondents also provided valuable comments on different aspects of the proposals, including introducing an implied consent mechanism, removing the separate notification requirement, and enhancing protection of shareholders’ interest.”      The FSTB is drafting the Amendment Bill and plans to introduce it into the Legislative Council within this year. The Government hopes that the community will continue to support the implementation of the legislative proposals.      The consultation conclusions have been uploaded to the website of the FSTB at www.fstb.gov.hk/fsb/en/publication/consult/consult_paperless.html.  

     
    Ends/Wednesday, September 25, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Municipality Finance issues NOK 2 billion green bond under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 September 2024 at 10:00 am (EEST)

    Municipality Finance issues NOK 2 billion green bond under its MTN programme

    Municipality Finance Plc issues NOK 2 billion green bond on 26 September 2024. The maturity date of the green bond is 26 September 2029. The notes bear interest at a fixed rate of 3.666% per annum.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 September 2024.

    Skandinaviska Enskilda Banken AB acts as the Dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 50 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI Economics: Asian Development Blog: The Fed Has Cut Interest Rates: What Does This Mean for Asia and the Pacific?

    Source: Asia Development Bank

    The recent interest rate cuts by the United States Federal Reserve present opportunities and challenges for central banks in Asia and the Pacific. Policymakers must adopt a balanced, country-specific approach to navigate potential inflationary pressures, exchange rate volatility, and capital inflow dynamics.

    The United States’ Federal Reserve (Fed) kicked off a long-anticipated monetary policy loosening cycle at its September Federal Open Market Committee meeting, cutting interest rates by 50 basis points. Committee members project another 50 basis points of cuts this year, and that Fed loosening will continue in 2025.

    This could have significant consequences for the global economy, including for developing economies in Asia and the Pacific.

    Inflationary pressures in have continued declining in the region this year, as commodity prices stabilized and the lagged effects of last year’s monetary tightening took hold. As a result, most of its central banks have paused their hiking cycle, with some switching to policy rate cuts. Others may now follow suit.

     In shaping their policy stance, central banks in emerging economies need to take account of interest rate differentials with the US, which impact capital flows and exchange rates. The Fed rate cut opens up the opportunity for more of the region’s central banks to loosen policy to stimulate domestic demand and growth, without triggering capital outflows and exchange rate depreciations.

    Still, since the pace and length of the Fed loosening cycle remains uncertain, an appropriate policy response in Asia and the Pacific will require caution and a careful balancing act, for a number of reasons.

    One option for central banks is to cut rates in the wake of the Fed. This would support growth, but it may also revive price pressures and encourage excessive borrowing in economies where household and corporate debt levels are already high.

    Alternatively, central banks in the region could continue to maintain a relatively tight monetary stance—e.g., by cutting interest rates with a lag and/or less than proportionally with respect to the Fed.

    In such a case, the lower interest rates in the US could increase capital flows to Asia and the Pacific, as investors adjust their portfolios toward assets with more attractive yields. This could boost equity and bond markets across the region, providing some breathing space to more vulnerable economies.

    However, capital inflows could also present some challenges, as significant swings in short-term portfolio investment could increase financial market volatility. 

    Additionally, higher capital inflows may result in exchange rate appreciations vis-à-vis the US dollar in the region. This would benefit economies heavily dependent on oil and other commodity imports, reducing price pressures and improving trade balances. For economies with high US dollar-denominated debt, the depreciation of the US dollar would make it easier to sustain the debt burden.

    The beginning of the Fed monetary loosening cycle brings challenges and opportunities for Asia and the Pacific.

    On the other hand, exchange rate appreciations would boost imports, with potentially negative effects on current accounts. In the medium term, stronger currencies could also hamper export growth, particularly for economies reliant on exports of traditional manufacturing goods, such as garments or textiles, which depend mainly on price competitiveness.

    This variety of potential effects and channels suggests that  policy responses to the Fed loosening cycle in Asia and the Pacific will need to be country-specific and nuanced, and include a combination of the following measures.

    As well as adjusting interest rates, monetary authorities in the region could rely on targeted measures, such as on banks’ reserve requirements, to affect financial and liquidity conditions. Forward guidance can also be an effective tool to anchor inflation expectations and reduce uncertainty and financial volatility, by clearly laying out the future path of monetary policy for market participants and economic agents.

    For economies receiving increasing capital inflows, well-developed financial markets are key to absorb the inflows and turn them into productive investment in the domestic economy. Policy action should focus on increasing competition, efficiency, and transparency in the financial sector, with the central bank or other overseeing independent authority providing adequate supervision.  

    To deal with the risks associated with rising capital inflows, capital flow management measures and macroprudential policies can be used, including measures aimed at mitigating exposure to currency mismatches.  Where capital inflows result in excessive currency appreciation, targeted intervention in foreign exchange markets could help reduce volatility, while also increasing foreign exchange reserves.

    Fiscal policy could be used the cushion the impact of falling exports. Depending on fiscal space, stimulus could be directed at several objectives, including boosting consumer spending; incentivizing activity in particular sectors with stronger multiplier effects on the rest of the economy; and infrastructure, energy-saving, climate-adaptation, and other projects aimed at addressing structural gaps, which would also boost the economy’s productive potential.

    The beginning of the Fed monetary loosening cycle brings challenges and opportunities for Asia and the Pacific. Lower interest rates in the US and a weaker dollar could lower import costs, boost financial markets, and spur larger capital flows toward the region. But these positive developments would not be without risks, including possible exchange rate volatility and renewed inflationary pressures.

    Policymakers will need to adopt a flexible approach, remaining vigilant and proactive in taking advantage of the opportunities and addressing the risks.

    MIL OSI Economics

  • MIL-OSI: Virtune AB (Publ) expands to the Netherlands with the listing of Virtune Staked Solana ETP on Euronext Amsterdam

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, September 25, 2024 — Virtune, a regulated Swedish digital asset manager and issuer of crypto exchange-traded products (ETPs) headquartered in Stockholm, is expanding to the Netherlands with the listing of Virtune Staked Solana ETP on Euronext Amsterdam.

    With strong growth and steady inflows in the Nordic region, driven by increasing interest and acceptance of crypto assets, this expansion marks a strategic milestone for Virtune.

    Since its inception in May 2023, Virtune has rapidly grown in the Nordics, listing a total of 12 products and reaching over 31,000 investors in just over a year.

    Key success factors have included a focus on education, a transparent market strategy, and the company’s regulated status. This expansion not only meets the growing investor interest but also strengthens Virtune’s market presence in Europe.

    Virtune Staked Solana ETP:
    – Exposure to Solana with an additional 3% annual yield through staking
    – 0.95% annual management fee
    – 100% physically backed by SOL
    – Non-custodial staking

    Product Information:
    – Bloomberg Ticker: VIRSOL
    – ISIN: SE0021309754
    – Exchanges: Nasdaq Stockholm, Euronext Amsterdam, Euronext Paris

    Virtune uses Coinbase as custodian, where the underlying SOL tokens are stored with the highest institutional security level in cold-storage (offline). The underlying SOL tokens are staked directly from cold-storage, and the staking rewards are reflected in the price of the ETP.

    Christopher Kock, CEO of Virtune:
    “We are very pleased to expand to the Netherlands through the listing of Virtune Staked Solana ETP on Euronext Amsterdam after a successful launch in the Nordics. Since our inception in May 2023, we have worked hard to drive adoption for crypto assets through educational efforts in the Nordics, and we look forward to extending these efforts to the Dutch financial market. This ETP provides investors with exposure to Solana, one of the leading and most influential blockchains globally, while including staking which improves the performance of the product.”

    About Virtune AB (Publ)
    Virtune is a registered financial institution with the Swedish Financial Supervisory Authority and has an approved EU base prospectus, renewed by the Financial Supervisory Authority on April 5, 2024, enabling Virtune’s strategy to list ETPs on regulated European exchanges. Virtune’s mission is to provide seamless access to crypto assets for both institutional and private investors through innovative crypto ETPs, transparency, and education.

    Virtune offers a wide range of crypto ETPs, including Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Crypto Top 10 Index ETP, Virtune XRP ETP, Virtune Chainlink ETP, Virtune Avalanche ETP, Virtune Staked Polkadot ETP, Virtune Staked Polygon ETP, Virtune Arbitrum ETP, and Virtune Staked Cardano ETP.

    About Solana
    Solana is a high-performance blockchain platform designed to enable fast and scalable decentralized applications and crypto transactions. Utilizing a unique consensus mechanism called Proof of History (PoH) along with Proof of Stake (PoS), Solana can handle thousands of transactions per second at low transaction costs, a significant improvement over older blockchains like Bitcoin and Ethereum. This combination of technologies not only allows for instant transaction verification but also significantly increases network throughput without compromising security or decentralization.

    About Staking
    Staking enables crypto asset owners to earn passive income by participating in the validation and confirmation of transactions on a blockchain through a process known as Proof of Stake. This mechanism is a fundamental part of Proof of Stake blockchains, such as Ethereum and Solana, and plays a crucial role in ensuring the security and authenticity of blockchain transactions. To conduct a transaction on the blockchain securely and correctly, a validator must stake a certain amount of crypto assets as a guarantee of the transaction’s legitimacy.

    Validators aim to stake as much crypto assets as possible to increase the chance of obtaining rewards, which are paid out in the same type of crypto asset that was staked. The annual reward percentage for staking can vary and may range from 0% to 14% or higher for some blockchains. Most crypto asset owners cannot act as validators themselves because it requires large amounts of crypto assets. Therefore, many choose to stake their assets through an established and trustworthy validator. Virtune includes staking rewards in its products that have “staked” included in their names.

    Stockholm, 25th of September 2024

    For further inquiries, please contact:

    Christopher Kock, CEO & Member of the Board of Directors
    Email: hello@virtune.com

    About Virtune AB (Publ)
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that  are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-OSI Russia: The government will allocate almost a quarter of a billion rubles to support fisheries enterprises operating in the Black and Azov Seas

    MIL OSI Translation. Region: Russian Federation –

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

    In 2024, fisheries organizations operating in the Azov and Black Seas will receive funding to partially cover their operating expenses. The order to allocate 234.1 million rubles for these purposes was signed by Prime Minister Mikhail Mishustin.

    Subsidies are intended for fishing organizations and fish farms operating in the Donetsk People’s Republic, the Republic of Crimea, Krasnodar Krai, Zaporizhia and Kherson regions, as well as the city of Sevastopol.

    With the help of federal funding, companies will be able to cover part of the costs of paying employees and social contributions (insurance contributions for mandatory pension, medical and social insurance). The size of the subsidy will be 20% of the cost of the average annual volume of marine aquaculture products caught by a fishing organization or produced in a fishery over the previous three years. At the same time, companies must retain at least 80% of their employees compared to the previous year’s figures.

    The work is being carried out within the framework of the state program “Development of the fisheries complex”.

    Earlier, in 2022, among the measures to ensure economic stability in the context of external sanctions, the Government provided financial support to fishing enterprises operating in the Sea of Azov. Such enterprises received transfers to support current expenses to maintain financial stability and jobs.

    The document will be published.

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

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

    http://government.ru/nevs/52787/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Australia: Joint press conference, Brisbane

    Source: Australian Treasurer

    JIM CHALMERS:

    Thanks, everyone, for coming. I’m going to say a few things about the inflation number. Katy’s going to talk about inflation and the Final Budget Outcome. Then I wanted to preview my trip to China this week, and then obviously happy to take your questions.

    The new inflation numbers for August showed that headline and underlying inflation both went down substantially. Headline inflation went down from 3.5 to 2.7 per cent. This is less than half the 6.1 per cent we inherited, and it’s now less than a third of its peak.

    Trimmed mean inflation went down from 3.8 to 3.4 per cent. That is the lowest in more than 30 months. If you exclude volatile items, it went down from 3.7 to 3. Non‑tradeable inflation, which is what others call homegrown inflation, went down from 4.5 to 3.8 per cent. And services inflation went down as well.

    These are very welcome, very encouraging and very heartening numbers. We expected headline inflation to come down. We’ve also seen underlying inflation come down considerably. That’s a very good thing.

    Our policies are a factor here, but they’re not the only factor. If you look at rents, they went up 6.8 per cent in the year to August, but without our increases to rent assistance, they would have increased by 8.6 per cent. Electricity prices fell 17.9 per cent in the year to August, but without the energy rebates they would have decreased 2.7 per cent.

    But the story here goes beyond the government’s policies, which are helping in the fight against inflation. Whether it’s rent, whether it’s energy rebates, our cost‑of‑living policies are an important part of the story, but they’re not the whole story here. We’re seeing right across a number of measures of inflation, including underlying inflation, that it is has come off considerably in the new numbers that we see today.

    These are heartening numbers, encouraging numbers, they’re welcome numbers. But we’re not getting carried away because we know that the monthly numbers can be volatile. We know that inflation doesn’t always moderate in a straight line and we know that people are still under pressure. That’s why our cost‑of‑living help is so important, and it’s also why our responsible economic management is so important, and Katy’s going to say a few things about that.

    KATY GALLAGHER:

    Thanks, very much, Jim. It’s lovely to be here in your home city today.

    CHALMERS:

    You’re always welcome, Katy.

    GALLAGHER:

    It’s glorious to be here. Thanks, Jim.

    What we’re seeing is our responsible economic management is helping in the fight against inflation, and you’re seeing that in those numbers today.

    That budget management, particularly our returning revenue to the budget, findings savings in the budget and reprioritising spending, has helped us with our budget improvements that we’re seeing.

    On Monday we’ll be releasing the Final Budget Outcome. That will show our second surplus and it will be an improvement on the number that we released during the Budget. That improvement in the budget outcome is not related to increased revenue but is related to less spending on the spending side of the budget. We know from the comments that the RBA Governor has made in the past that surplus budgeting is helping in the fight against inflation. You’ll see that reflected in the FBO that we do on Monday.

    That’s really our approach to budgeting, Jim and mine – find savings, return revenue, deliver budget surpluses when the inflation challenge has been what it has. That’s helping overall in that fight against inflation.

    CHALMERS:

    I’ll just say a few things to preview meetings in China, and then we’re happy to take some questions.

    The key influences on our economy right now are the inflation that we’ve been talking about today combined with global economic uncertainty and the impact of the rate rises which are already in the system. Those 3 things are combining to slow our economy substantially.

    Particularly when it comes to the Chinese economy, we’ve seen a weakness in the Chinese economy which obviously has consequences for us. We’re not immune from weakness in the Chinese economy. That’s why it’s so important that over the next 2 days I’ll be meeting with key Chinese counterparts in Beijing.

    This is another really important step towards stabilising our economic relationship with China. This will be the first visit to China by an Australian Treasurer in 7 years. It will be part of the Albanese Government’s methodical and coordinated efforts to re‑establish dialogue with China, Australia’s largest trading partner.

    The main purpose of this visit is to co‑chair the Australian‑China Strategic Economic Dialogue with the Chairman of the National Development and Reform Commission. That will happen tomorrow.

    Our relationship with China is full of complexity and it’s full of opportunity. We recognise that a more stable economic relationship between Australia and China is a good thing for Australian workers and businesses, investors and our country more broadly. That’s why just in the last week in the context of these meetings in China I’ve consulted directly with the chairs, CEOs and senior executives of major China‑facing Australian employers, including Rio Tinto, Wesfarmers, BHP, Woodside, Fortescue, Macquarie, BlueScope, HSBC, King & Wood Mallesons, Port of Newcastle, Sydney Airport, Cochlear, University of NSW and GrainCorp, and I’ve also been consulting with the Business Council of Australia.

    We believe that dialogue and engagement give us the best chance to properly manage and maximise these really important links.

    Our approach to China has been to cooperate where we can, disagree where we must, but always engage in Australia’s national interest.

    The Strategic Economic Dialogue hasn’t been convened since 2017, but our government has agreed with Chinese counterparts to restart it, and I’ll be meeting with other counterparts from the Chinese government during my 2 days of engagements as well.

    We recognise that there’s a lot at stake and a lot to gain from a more stable economic relationship with China.

    We’ve got a big opportunity to make sure that both countries benefit from the complementarity of our economies while always advancing and protecting Australia’s national interests.

    With that, I’m happy to take some questions.

    JOURNALIST:

    Will the Treasury be looking at negative gearing and capital gains tax?

    CHALMERS:

    First of all, the real story today is inflation. The story today is about a substantial moderation in headline and underlying inflation in our economy. We’ve got a housing policy, and that’s not in it. We’ve made that clear today.

    JOURNALIST:

    Did you direct Treasury, though, to look into negative gearing policy changes, perhaps to take to the election?

    CHALMERS:

    Treasury looks at all kinds of policy options all of the time. It’s not unusual for the public service – and in my case, my department, and I’m sure Katy’s department is the same – to examine issues that are being speculated about in the public or in the parliament. That’s how a good public service operates.

    JOURNALIST:

    But you’ve basically agreed with the argument that reining in negative gearing will have a negative impact on rental supplies?

    CHALMERS:

    I’m not going to engage in hypothetical impacts of hypothetical policies when we’ve already got a housing policy. We’ve got a housing policy which is about building more homes for Australians. It’s about making it easier to rent and to buy.

    We know from today’s inflation figures that we’ve taken some of the sting out of rents. But rents are still too high, and that’s because we don’t have enough homes. Our motivation throughout this has been to build more homes for Australians. That’s what our $32 billion of investment, including $6 billion in the last Budget, is all about.

    If our political opponents cared about housing, they would vote for our policies in the Senate. Instead, in their usual, characteristically destructive way, both the Greens and the Coalition are teaming up to prevent more homes being built. Building more homes is the best way to ensure that people can find a home to rent or buy.

    JOURNALIST:

    On the Stage 3 tax cuts you argued several times that the circumstances have changed and that the government has formed a different view. Can voters expect you to make that same argument on negative gearing in the lead‑up to the next federal election?

    CHALMERS:

    I’m very proud of the changes that we made to the Stage 3 tax cuts because it meant that every Australian taxpayer gets a tax cut, not just some. We explained our rationale and our reasoning for that at the time, and you referenced that in your question. The changes to Stage 3 at the beginning of this year meant that more people got a bigger tax cut to help with the cost of living. We’re proud of what we did. We were upfront and we explained that changes that we made. I think the public has recognised that we’re trying to do the right thing.

    JOURNALIST:

    Would your government consider a legitimate use of tax laws and not [indistinct] current negative gearing figures?

    CHALMERS:

    We’ve made it clear that our housing policy is all about building more homes. More homes for Australians, making it easier to rent or buy a home at a time when there aren’t enough homes. That’s what’s pushing rents up, even with our efforts, with Commonwealth Rent Assistance.

    When it comes to tax changes, our priorities have been the PRRT, the biggest balances in superannuation, tax incentives for build‑to‑rent and other tax policies that we’ve already announced.

    JOURNALIST:

    Polling does show the public is open to negative gearing changes, so why not do that?

    CHALMERS:

    We’ve got a housing policy and that’s not in it.

    Our housing policy, I’ve explained answering some of these other questions, is to build more homes for Australians – $32 billion across 20 different policies now. We’ve made it clear what our housing policy is, and we want to see it pass through the Senate. If our political opponents to the left of us and to the right of us really cared about housing, they’d support our policies in the Senate.

    JOURNALIST:

    But I guess policy‑making is dynamic, right? Why not look at negative gearing? Are you insisting that – was it either you or Minister Gallagher that asked Treasury to have a specific [indistinct] negative gearing?

    CHALMERS:

    Treasury looks at all kinds of different policies from time to time. It’s not unusual for us to get advice from departments on issues that are being speculated about in the public or in the Parliament. That’s not an especially unusual thing.

    I couldn’t haven clearer today – we’ve got a housing policy. It’s costing the budget $32 billion. We’ve found room for that even in the context of turning 2 big Liberal deficits into 2 big Labor surpluses for the reasons that Katy outlined a moment ago. We’ve got a housing policy and that’s not in it.

    It’s not unusual for governments to get advice from time to time from departments on issues which are in the public domain.

    JOURNALIST:

    Just going back to inflation, looking at that 3.4 per cent rate, do you think Michelle Bullock needs to look at cuts a bit sooner?

    CHALMERS:

    I’m not going to give free advice to the Governor of the Reserve Bank. I don’t tell Michelle Bullock how to do her job and she doesn’t tell me how to do my job, and that suits us both just fine.

    Underlying inflation has come off substantially in these new numbers today – from 3.8 to 3.4 is very encouraging, very welcome, very heartening when it comes to underlying inflation.

    I refer you back to our political opponents and critics who said that today’s numbers would only reflect the energy bill rebates, which we are proud to be delivering for every Australian household. I wanted to make a couple of points about that.

    They say that that is artificially lowering inflation. There is nothing artificial about helping people with their power bills. We know that the Liberals and Nationals don’t support that, but we’re proud to be helping people with their power bills because we know that people are under pressure. Same when it comes to Commonwealth Rent Assistance, cheaper medicines, getting wages moving again and the tax cuts.

    The other point that I would make about headline versus underlying is you may recall a couple of years ago in the former government’s last Budget they had changes to the fuel excise which had the same impact when it comes to temporarily modifying the headline inflation rate. I don’t remember them making these points then.

    We’re proud to be helping people with the cost of living. We’re proud to be doing that in the context of a responsible budget and a couple of surpluses, which our opponents were incapable of delivering after 9 attempts. We’ve gone 2 from 2.

    So we’re providing cost‑of‑living help. We’re not just seeing headline inflation coming off, we’re seeing underlying inflation coming off as well. Not just the main measure of underlying inflation, headline is down, trimmed mean is down, excluding volatile items is down, non‑tradables is down and services is down as well.

    Across the board, across the main measures, in this data today we’re seeing very welcome, very encouraging progress. We’re not getting carried away because we know that people are still under pressure. That’s why our cost‑of‑living help is so important.

    JOURNALIST:

    When do you expect to receive the Treasury advice on that negative gearing policy?

    CHALMERS:

    As I said a couple of different ways now, we get advice all of the time on different kinds of issues which are in the public domain and before the Parliament. It’s not especially unusual for the public service to be doing that. We’re not expecting one piece of work, which is implied in your question. We get briefed regularly on all sorts of policies and all kinds of issues, and that’s as it should be.

    JOURNALIST:

    I’ll just try one more time: when will Australians know if your government is going to make changes to negative gearing or capital gains reductions?

    CHALMERS:

    I’ll say the same thing I said in response to all of the other questions – and I understand why you’re asking it, I’ve got no problem with you asking these questions – but we’ve got a housing policy and that’s not in it.

    For all of the reasons I’ve gone through a few times today, we think that the highest priority needs to be building more homes. Housing supply is our big priority as a government. It’s not easy to find $32 billion in one policy area, but the fact that we’ve done that, working closely with Julie Collins and now Clare O’Neil, that demonstrates to Australians how serious we are about fixing the issue that we have with housing supply.

    You can’t click your fingers and overnight build the 1.2 million homes that we need over the next 5 years. You need to come at it in a responsible way, a considered, methodical way across a range of different policies.

    We’ve announced our policies on housing. We want to see them pass through the Parliament. We want to see the money flowing, and we want to see the houses being built, because that’s the best way we can make housing more affordable for more Australians.

    JOURNALIST:

    Is it still frustrating to see that the RBA is not taking into account the fact that electricity and fuel is coming down, but they are not enforcing these rate cuts?

    CHALMERS:

    I don’t see it that way, and for the same reasons as in my answer to your earlier question.

    I don’t second guess the decisions taken by the independent Reserve Bank or the commentary that they make about those decisions.

    It’s a good thing that Governor Bullock makes herself available and senior officials make themselves available to talk with the Australian public about how they’re seeing the economy and what that means for inflation and interest rates. That’s a good thing that they take those opportunities to do that. I don’t second guess that. I don’t parse every word that the governor says.

    We’re focused on our, and our job has been to deliver 2 big Labor surpluses, to roll out cost‑of‑living help, to be helpful in the fight against inflation.

    What we see in these numbers today – in these very welcome and encouraging numbers today – is that our policies are helping in the fight against inflation.

    That is a big part of the story but it’s not the only story. That’s why underlying inflation is coming off as well. We’re managing the economy responsibly. The Governor of the Reserve Bank has her own job to do, and it is good and welcome that Governor Bullock takes the opportunity to explain her part of it in the same way that we’ve been explaining our part of it here today.

    Thanks very much.

    MIL OSI News

  • MIL-OSI Russia: NSU postgraduate student develops catalyst for converting diesel fuel into synthesis gas

    MIL OSI Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    4th year postgraduate student Faculty of Natural Sciences of NSU Vladislav Shilov has developed a structured catalyst for converting diesel fuel into synthesis gas, which currently has no industrial analogues. In 2023, the results of his work on this topic were awarded a scholarship from the Novosibirsk Region government. The researcher developed this device as part of his dissertation work under the scientific supervision of the head of the heterogeneous analysis department of the Boreskov Institute of Catalysis of the Siberian Branch of the Russian Academy of Sciences, Doctor of Chemical Sciences Pavel Valerievich Snytnikov.

    This year, the department’s research team, with the participation of Vladislav Shilov, is creating a fuel processor for obtaining synthesis gas that runs on commercial diesel fuel. It integrates the developed catalyst for converting diesel fuel to obtain synthesis gas from diesel. In the future, in cooperation with consortium members within the framework of the NTI project “Hydrogen as the Basis of a Low-Carbon Economy”, it is planned to create a power plant based on planar solid oxide fuel cells, combined with a diesel fuel processor for generating electricity.

    — We were the first to achieve complete conversion of commercial diesel fuel into hydrogen-containing gas suitable for fuel cells. When creating the catalyst, we encountered a serious difficulty: the conversion of diesel fuel into synthesis gas is a high-temperature process (about 700 – 1000 °C), as a result of which the active component of the catalyst quickly sinters. Therefore, for these applications, we were the first to use a metal substrate made of FeCrAl alloy as a structured carrier, which has good heat and mass transfer properties. This is what makes the system we developed unique. The method of applying layers of catalytic coating to a metal mesh is quite complex and was developed over several years. This was not an easy task — the coating of the active component peeled off or cracked. We needed to increase the adhesive (i.e., “bonding”) properties of the substrate surface so that each layer of the catalytic coating would reliably adhere to it. We found a technological solution to this problem. Now we have reached the level where we can carry out small-scale production of structured catalysts for various catalytic applications, said Vladislav Shilov.

    When creating the diesel fuel conversion catalyst, experiments were conducted in a laboratory setup. Now the researchers are faced with the task of creating a model of the fuel processor into which it will be integrated. Diesel fuel, water and air will enter the system, which as a result of the catalytic reaction will be converted into synthesis gas suitable for use in solid oxide fuel cells. Now this work is in the active stage and is nearing completion. Next, scientists will have to evaluate the operation of the entire power plant in order to begin industrial implementation.

    — The structured catalyst we developed also turned out to be highly active in converting light hydrocarbon fuels into synthesis gas, which interested our industrial partner, the InEnergy group of companies, which is engaged in the creation of power plants based on fuel cells. This year, the Boreskov Institute of Catalysis of the Siberian Branch of the Russian Academy of Sciences, together with InEnergy, launched small-scale production (about 600 units) of compact power plants TOPAZ-GAMMA M, operating on natural gas and propane-butane, where our development was used. One such power plant was presented by our research group at the International Forum of Technological Development “Technoprom”, where it aroused great interest, — said Vladislav Shilov.

    Electrochemical generators running on diesel fuel can be used as a stationary, backup or auxiliary source of electric power, since it is a more convenient carrier of hydrogen. Compared to other alternative carriers, diesel fuel has the largest amount of hydrogen per unit volume, and its long-term storage is carried out at ambient temperature and pressure. In this regard, natural gas transported through gas pipelines and propane-butane are significantly inferior to this type of fuel. Electrochemical generators running on diesel fuel can be used as a stationary, backup or auxiliary source of electric power.

    According to Vladislav Shilov, this technology will find application in remote northern regions, in the conditions of the Far North and in the development of the Arctic, as well as at other sites where diesel fuel is the main energy source. It is possible that this development will be of interest to the Russian Ministry of Defense, where most of the equipment also runs on this type of fuel. But in order to launch small-scale production of diesel electrochemical generators, it is necessary to complete work on creating a prototype in laboratory conditions and contact companies interested in launching these devices into small-scale production. The developers have no doubt that such investors will certainly be found.

    — Such devices have a much higher efficiency compared to internal combustion engines. They are environmentally friendly — their emissions are carbon dioxide and water vapor. They are distinguished by silent operation, a long service life and do not require frequent maintenance. And the use of fuel cells to generate electricity allows it to be extracted from energy sources by directly converting the energy of chemical bonds into electrical energy. The efficiency of this process is higher than when using standard diesel generators, in which the energy of chemical bonds is first converted into heat, then into mechanical energy and only then into electrical energy. Increasing the efficiency of power plants will reduce the volume of resource-intensive delivery of diesel fuel to remote, Arctic regions. In addition, the use of the developed power plants will be more environmentally friendly due to the reduction in the volume of diesel fuel consumption, — explained Vladislav Shilov.

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

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

    http://vvv.nsu.ru/n/media/nevs/science/postgraduate-student-nnsu-developed-a-catalyst-for-conversion-of-diesel-fuel-into-synthesis-gas/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC – 24 09 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    24 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,386,045 1.7216    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,386,045 1.7216    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 2,124 2430.0002p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 25 SEPTEMBER 2024
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Les Mills expands global reach of premium fitness services through the Digital Vending Machine® from Bango

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Sept. 25, 2024 (GLOBE NEWSWIRE) — Bango (AIM:BGO) is pleased to announce a strategic partnership with Les Mills, a premier global fitness service provider, to globally expand the accessibility of its digital fitness subscriptions. LES MILLS+ is now available through the Digital Vending Machine® (DVM™), enabling telcos and other resellers to offer this high-quality fitness service to their customers as a bundle, add-on, or as part of a Super Bundling content hub.

    The popularity of at-home workouts has skyrocketed in recent years, driven by their convenience and accessibility. The proliferation of digital fitness platforms, innovative home gym equipment, and the widespread adoption of remote work have fueled this trend. Virtual fitness classes, personalized training apps, and online workout communities now offer individuals a multitude of ways to stay active from home.

    LES MILLS+ offers an unparalleled workout experience with exceptional trainers, motivating music, and science-backed routines designed for optimal results. With this new partnership, telcos can now provide their customers access to these world-class workouts, whether they prefer to exercise at the gym, at home, or on the go. By tapping into the growing demand for fitness and wellness, telcos can diversify their content offerings with LES MILLS+, while Les Mills expands its reach through these new telco channels.

    The DVM™ enables telcos and other resellers to quickly, easily, and cost-effectively broaden their range of third-party services. It allows them to scale their subscription service offerings at a much faster rate than traditional in-house solutions. A single connection to the DVM™ opens up a wide array of subscription services for telcos, allowing them to deliver various bundles, discounts, and offers to attract and retain customers. For content providers like Les Mills, this means significantly extending their subscription service reach to consumers worldwide beyond their direct market channels. Consumers benefit by gaining access to the best deals on their favorite subscriptions.

    “Distribution is key. Reaching a wider audience is crucial, and the Digital Vending Machine® is the perfect solution. It simplifies the process of distributing our service to a broader audience, reducing complexity and saving time, allowing more people worldwide to stay fit and healthy with Les Mills workouts and programs.” Luke Waldren, Chief Customer Officer at Les Mills.

    “Les Mills is a fantastic addition to the Digital Vending Machine®, enriching the range of content available to telcos with fitness services. The variety of content enhances appeal and aligns perfectly with Super Bundling content hubs, providing telcos with an excellent way to offer a broad range of subscription services in one convenient place.” Anil Malhotra, CMO at Bango.

    About Bango

    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit www.bango.com

    About Les Mills

    Les Mills is the global leader in group fitness and creator of over 25 programs available in leading fitness facilities around the world. Les Mills programs include the world’s first group exercise resistance training workout BODYPUMP™, BODYCOMBAT™ (martial arts), RPM™ (indoor cycling), BODYBALANCE™ (yoga), LES MILLS GRIT™ (30-minute high-intensity interval training) and its latest fitness innovation – LES MILLS FUNCTIONAL STRENGTH.

    The company was founded by Les Mills – a four-time Olympian and head coach of New Zealand’s track and field team – who opened his first gym in 1968 with the aim of taking elite sports training to the masses. Today, Les Mills workouts are delivered by 130,000 certified instructors in 21,000 clubs across 100 countries, as well as via the LES MILLS+ streaming platform and Extended Reality (XR).

    Media contact: 

    Anil Malhotra, CMO, Bango 
    anil@bango.com 
    Tel: +44 7710 480 377 

    The MIL Network

  • MIL-OSI Global: Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse

    Source: The Conversation – Africa – By Johann Kirsten, Director of the Bureau for Economic Research, Stellenbosch University

    Business tendency surveys provide very useful indicators of trends within an economy. The information is available well before the official statistics, such as GDP growth, and provides insights into business dynamics that cannot be found elsewhere.

    For 70 years the Bureau for Economic Research at South Africa’s Stellenbosch University has been conducting business tendency surveys. Indeed, South Africa remains one of the few countries where these surveys are conducted by a non-state agency.

    The surveys cover a range of questions, tracking everything from activity to demand, selling prices to inventories, investment and also the constraints holding back investment. But the most important question is very simple: are you satisfied with prevailing business conditions? Respondents can only respond with a yes or a no. There is no scale, no maybe, no but. It is a pure gut feeling. This is the only true measure of business sentiment in South Africa.

    While it can be argued that at times of fast production growth sentiment is more upbeat (and vice versa during a recession), sentiment typically turns before you see production growth. Respondents to Bureau for Economic Research surveys know their business like the palm of their hand. They sense when something starts changing and know when they can turn cautiously optimistic about conditions even though activity is not there (yet). As illustrated in the figure below, confidence often turns before the business cycle phase changes from an upward to a downward phase (and the other way around).

    Changes in sentiment tell us a lot about investment intentions, as well as the potential for faster economic growth and job creation in the economy. If business people in South Africa are downbeat about business conditions, it is near impossible to see growth accelerate. Why build a new factory or employ workers if you are not, at the very least, satisfied with the environment you have to operate in today?

    While the survey process has changed over the past seven decades, the value of the insights has not. South Africa’s new government of national unity has promised to tackle the country’s structural constraints, with reforms aimed at improving electricity, infrastructure, water and logistics. By providing a reliable measure of sentiment, the survey will go a long way in assessing whether they are successful.

    Business confidence ahead of economic shifts

    While we survey a range of sectors, only the responses of a specific set of sectors are compiled into the so-called composite Business Confidence Index. This index is sponsored by Rand Merchant Bank (RMB) and is known as the RMB/BER BCI.

    The index looks at the responses of manufacturers, retailers, wholesalers, new vehicle dealers and main building contractors. These sectors represent the productive sectors of the economy and tend to lead the rest of the economy.

    So, if something changes here, one can be fairly sure that it will soon start changing in the rest of the economy. Manufacturers, for example, have a feel for both domestic and export demand conditions, which later trickle through the rest of the economy. New vehicle dealers will be the first to know when local consumers start holding their purse strings.

    In most sectors the survey also asks respondents about constraints to business conditions. We ask the same set of questions each quarter and have been doing so for decades. This gives us a very powerful, long-term time series of data. For example, over the last ten years, manufacturers have almost consistently seen the general political climate as the most serious constraint on business conditions.

    The Absa Manufacturing Survey shows that it’s a more serious constraint than insufficient demand or the short-term interest rate, despite the latter being at the highest level in 15 years. Interestingly, the political climate constraint fell sharply in the third quarter of 2024, following the formation of the government of national unity. The disruptions at local ports were also picked up by our surveys, with load-shedding top of mind for many respondents in 2023 (and before).

    The graph below shows a long-term series of business confidence. A reading of 100 would signal extreme optimism with every respondent satisfied with business conditions – this has never happened before. A reading of zero means not a single respondent is satisfied with business conditions. This, too, has not happened before, but we did see confidence fall to just 5 index points in the second quarter of 2020, the worst of the COVID-19 lockdowns, with many businesses forced to close temporarily. The BER surveys provided invaluable information about business dynamics in the formal economy during the pandemic and the recovery.

    Figure 1: RMB/BER Business Confidence Index (BCI)

    The RMB/BER BCI edged up by three index points to 38 in the third quarter of 2024. This was the first survey after the formation of the new government, and some may have hoped for a bigger boost to sentiment. Still, underlying results suggest respondents are turning cautiously more optimistic about the future. For the first time since early 2022, most respondents across the different sectors expect business conditions to improve in 12 months’ time, instead of deteriorating (further).

    Current demand conditions, however, remained tough, which held back a bigger recovery in sentiment.

    A firm commitment by the new government of national unity to continue with structural reform aimed at alleviating the constraints on the South African economy and an effort to bring down the cost of doing business (by lowering the administrative burden, for example) would go a long way in supporting a more pronounced recovery in business confidence.

    Higher confidence will translate into faster economic growth over time.

    How the index is compiled

    Taking a step back, in 1954, and for many decades after that, everything at the BER was done by hand. The surveys were sent by post, and indices were painstakingly calculated as the responses trickled in. Some graphs were even drawn up by hand. Over time, more electronics became involved. South African postal services deteriorated to such an extent that relying on them was no longer feasible.

    The little pigeonholes for the postal letters at the BER offices were removed earlier this year and all survey responses are now received via email. Responses are weighted for firm and sector size, and we try to keep the survey as representative of the sectors as possible.

    It is becoming increasingly difficult to expand our panel in a world where inboxes are flooded with fly-by-night surveys and spam. Our close relationship with international bodies such as the Centre for International Research on Economic Tendency Surveys and our academic footing as a university research institute ensures that we continue to follow global best practices.

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

    ref. Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse – https://theconversation.com/business-confidence-in-south-africa-how-a-70-year-old-survey-has-given-early-signals-of-the-economys-pulse-237773

    MIL OSI – Global Reports