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Category: Business

  • MIL-OSI United Kingdom: Honiara: London Fashion Week Show Blo Iumi returns bigger, better in 2024

    Source: United Kingdom – Executive Government & Departments

    The event celebrated 40 years of the London Fashion Show, one of the “Big Four” fashion weeks, alongside Paris, Milan, and New York.

    Winner of the Great London Fashion Show Mrs Hahe Alatala of Ahe Designs. Photo credit: Courtesy of Jay Gagame Photography.

    The British High Commission in Honiara hosted its second edition of the popular London Fashion Week Show Blo Iumi on Tuesday 17 September 2024, with fantastic local designers and incredible models showcasing the best in Solomon Design.

    The event celebrated 40 years of the London Fashion Show, one of the “Big Four” fashion weeks, alongside Paris, Milan, and New York. It showcases the work of leading British designers and attracts international buyers, media, and fashion enthusiasts. Burberry, present their collections here.

    The 40th celebration focuses on uniting creative communities, honouring the diversity of cultures and creativity of the city and positioning London at the forefront of the cultural zeitgeist. It is an occasion to celebrate not just the event itself but everyone that makes it possible.

    The Great funded Fashion Show Blo Iumi attracted 7 designers, 55 models including 5 Miss Solomon Islands Pageants 2024 contestants, and over one hundred excited guests.

    Speaking at the Fashion Show’s opening ceremony, Deputy High Commissioner to Solomon Islands, Emma Jane David said:

    Like in Solomon Islands, London’s fashion is deeply intertwined with its diversity. The city’s fashion reflects its multicultural population, drawing on a wide range of influences to create unique and eclectic styles. British fashion is at the forefront of sustainable and ethical fashion movements.

    This year’s Fashion Show Blo Iumi included 4 categories featuring a Lavalava wear, Evening wear, Lotu wear and a Contemporary traditional wear. Four judges made the tough decision selecting the best designs and models.

    Mrs Hahe Alatala of Hahe Designs emerged the winner, picking up a trophy and a mentoring session with a UK designer. Rosemary Boe of Rosie’s Couture and Wendy Gwaena of WG Designs took second and third places.

    Sonia’s Rochenberg of Sons and Daughters Designs, Prudence Beck of Threads Investment, Lava Grossmith of Lava’s Original and Luke Gegeu of EL Designs all received commendations.

    The show also featured body art by artists Hamid Ramokasa, Fred Oge, Wilson Kabe, Cassey Hairiu and Emmanuel Manu on five body building athletes, and a performance from Blad P2A and Khazin.

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    Published 23 September 2024

    MIL OSI United Kingdom –

    September 29, 2024
  • MIL-OSI Asia-Pac: Prime Minister attends the CEOs Roundtable

    Source: Government of India (2)

    Posted On: 23 SEP 2024 7:01AM by PIB Delhi

    Prime Minister Shri Narendra Modi interacted with technology industry leaders in New York in a Roundtable anchored by the Massachusetts Institute of Technology (MIT), School of Engineering. The tech-roundtable focused on Artificial Intelligence and Quantum; Biotechnology and Life Sciences; Computing, IT and Communication; and Semiconductor technologies.

    The CEOs participated in a deep dive with Prime Minister on the evolving technology landscape at a global level and how these cutting-edge technologies are contributing to the well-being of people around the world including in India. They touched upon how technology is being leveraged for innovations, which have the potential to revolutionize the global economy and human development.

    Prime Minister appreciated the efforts of the MIT School of Engineering and its Dean for bringing the technology leaders together. He noted that technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies [ICET] lie at the core of the India-US Comprehensive Global Strategic Partnership. He stressed that in his third term, India will make every effort to become the third largest economy in the world. He encouraged the companies to take advantage of India’s growth story for collaboration and innovation. They can co-develop, co-design, and co-produce in India for the world, harnessing the opportunities from India’s economic and technological growth. He assured the business leaders of India’s deep commitment to protection of intellectual property and to fostering tech-innovation.

    Prime Minister highlighted the economic transformation happening in India, particularly in electronics and information technology manufacturing, semiconductors, biotech and green development. He stated that his government was committed to making India a global hub of semiconductor manufacturing. He also dwelt on India’s BIO E3 policy to develop India into a biotech powerhouse. On AI, he noted that India’s policy is to promote AI for All, underpinned by its ethical and responsible use.

    The CEOs expressed their strong interest in investing and collaborating with India. India’s growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities, got much appreciation from the tech-leaders. They also agreed that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in India.

    MIT Professor Anantha Chandrakasan, Chief Innovation and Strategy Officer at the Institute and Dean of the MIT School of Engineering, who chaired the roundtable, thanked Prime Minister and CEOs for their participation, affirming MIT’s commitment to advancing technology and making it accessible for global good.

    List of CEOs who attended the Roundtable:

    Serial Number

    Name of the company

    Name of the CEO

    1

    Accenture

    Ms. Julie Sweet, CEO

    2

    Adobe

    Mr. Shantanu Narayen, Chairman, President, and CEO

    3

    AMD

    Ms. Lisa Su, CEO

    4

    Biogen Inc

    Mr. Chris Viehbacher, CEO

    5

    Bristol Myers Squibb

    Mr. Chris Boerner, CEO

    6

    Eli Lilly and Company

    Mr. David A. Ricks, CEO

    7

    Google

    Mr. Sundar Pichai , CEO

    8

    HP Inc.

    Mr. Enrique Lores, CEO & President

    9

    IBM

    Mr. Arvind Krishna, CEO

    10

    LAM Research

    Mr. Tim Archer, CEO

    11

    Moderna

    Dr. Noubar Afeyan, Chairman

    12

    Verizon

    Mr. Hans Vestberg, Chairman and CEO

    13

    Global Foundaries

    Mr. Thomas Caulfield, CEO

    14

    NVIDIA

    Mr. Jensen Huang, Founder, President and CEO

    15

    Kyndryl

    Mr. Martin Schroeter, CEO

     

    *****

    MJPS/BM

    (Release ID: 2057695) Visitor Counter : 64

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI Asia-Pac: Shri Piyush Goyal to co-chair with Minister Farrell the 19th India-Australia Joint Ministerial Commission meeting in Adelaide

    Source: Government of India (2)

    Shri Piyush Goyal to co-chair with Minister Farrell the 19th India-Australia Joint Ministerial Commission meeting in Adelaide

    Commerce Minister to interact with leading Australian and Indian CEOs, discuss investment avenues in India

    Posted On: 22 SEP 2024 6:04PM by PIB Delhi

    At the invitation of Senator, The Hon’ble Don Farrell, the Minister of Trade and Tourism of Australia, Shri Piyush Goyal, Minister of Commerce and Industry will undertake a visit to Australia from September 23-25, 2024.

    Shri Piyush Goyal will co-chair with Minister Farrell the 19th India-Australia Joint Ministerial Commission meeting to be held in Adelaide on September 25, 2024, during which both sides will discuss ways to further elevate the bilateral economic engagement.

    Commerce Minister will interact with leading Australian and Indian CEOs & industry leaders and representatives from Australian pension funds to highlight the vast opportunities for investment in India. His interactions with business and industry leaders in events organized by Business Council of Australia, Centre for Australia- India relations, India Australia Business Community Alliance, AsiaLink Business and CREDAI will stress leveraging the complementary strengths and synergies between the economies of India and Australia. He will also interact with the representatives of the vibrant Indian community in Sydney, Indian origin Chartered Accountants and emerging leaders of Indian diaspora from various walks of life.

    Commerce Minister’s visit will add further impetus to the strong and growing trade and investment ties between India and Australia, which have received a boost following finalization of the bilateral Economic Cooperation and Trade Agreement. It will encourage business-to-business engagement, and promote strategic partnerships across sectors of priority to both sides, including critical minerals, manufacturing, education, renewable energy, infrastructure, tourism, space etc. The visit will also bring in sharper relief the collaborative potential of ‘Make in India’ and ‘Future Made in Australia’ initiatives creating more jobs and economic benefits to people of both the countries. The visit is particularly opportune as it comes at a time when India and Australia have intensified their engagement both bilaterally and in various fora, such as G20 and the Quad, to work together for global good.

    Shri Goyal will also participate virtually at the meeting of the Indo-Pacific Economic Framework on September 24, 2024.

    ***

    AD

    (Release ID: 2057608) Visitor Counter : 70

    MIL OSI Asia Pacific News –

    September 29, 2024
  • MIL-OSI New Zealand: Business urges a global-facing CER partnership

    Source: BusinessNZ

    Business leaders from the Australia New Zealand Leadership Forum (ANZLF) met with Australian and New Zealand Trade Ministers at their annual Closer Economic Relations (CER) Ministerial Meeting held in Rotorua this weekend.
    The Dialogue provided an opportunity to explore the future development of the CER framework, including the Single Economic Market (SEM) agenda, the Trans-Tasman Mutual Recognition Agreement (TTMRA) and the CER Investment Protocol, and to discuss collaboration on regional and global trade issues.
    The ANZLF CER Business Dialogue was attended by the New Zealand Minister for Trade, Hon Todd McClay, and Australian Minister for Trade and Tourism, Senator the Hon Don Farrell.
    The Ministers joined ANZLF CEO delegates for a discussion on how to enhance trans-Tasman economic and trade cooperation through:
    • Streamlining regulations and standards to boost competitiveness and facilitate seamless trade
    • Jointly developing and promoting an attractive single investment environment for both domestic and foreign investors
    • Strengthening supply chains to mitigate risks and ensure business continuity in times of crisis
    • Leveraging technology to modernise trade processes, including the transition to paperless trade documentation and the adoption of coherent digital standards for areas like digital identity verification, cyber security, e-commerce, and data exchange.
    Australian ANZLF Co-Chair and CEO of CyberCX, John Paitaridis, emphasised the ANZLF’s role in fostering strong relationships between business and political leaders to ensure a healthy and vibrant trans-Tasman relationship. Mr Paitaridis noted that for twenty years the ANZLF has helped develop the SEM agenda and influenced a raft of policies, ranging from border control to business regulation.
    “The ANZLF brings trans-Tasman business leaders together to advance the trans-Tasman relationship,” Mr Paitaridis said, “Our engagement with Ministers in Rotorua underscored the importance of the ANZLF as a platform for dialogue and active collaboration. It also spoke to the Prime Ministers’ recent joint statement acknowledging the ANZLF’s relevance to business and effectiveness as a voice to governments.”
    Spark NZ CEO, Jolie Hodson, highlighted the need for a more outward-looking approach to the trans-Tasman relationship. Ms. Hodson said, “CEOs emphasised the importance of promoting CER to the world, and ensuring the SEM agenda remains modern and, forward-thinking, attractive to foreign investors by pursuing regulatory coherence wherever possible and embracing new opportunities in the digital economy.”
    Mr Paitaridis concluded, “By aligning our policies, enhancing investment frameworks, supporting innovative supply chain solutions and digitising the trade relationship, we can ensure our two countries remain match fit for a modern trade relationship.”
    Australia Delegation
    John Paitaridis, CEO, CyberCX and ANZLF Co-Chair
    Bran Black, CEO, Business Council of Australia
    Paul Corbett, General Manager, New Zealand, CPB Contractors
    Tracey Evans, Managing Director, Aurecon
    Ranj Samrai, Australia Director, ANZLF
    New Zealand Delegation
    Jolie Hodson, CEO, Spark NZ and Acting ANZLF Co-Chair
    Jason Boyes, CEO, Infratil
    Roger Gray, CEO, Port of Auckland
    Traci Houpapa, Chair, Federation of Māori Authorities and ANZLF Indigenous Business Sector Group
    Simon Limmer, CEO, Indevin
    Amelia Linzey, CEO, Beca
    Stephen Jacobi, New Zealand Director, ANZLF
    Simon Le Quesne, New Zealand Associate Director, ANZLF.

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-OSI New Zealand: Business – Wellington Chamber of Commerce welcomes move to encourage public servants to return to the office

    Source: Business Central

    Wellington Chamber of Commerce welcomes move to encourage public servants to return to the office
    The Wellington Chamber of Commerce supports the Government’s move to issue new guidance for working from home in the public service, and expects it to make a real difference to the capital. 
    Finance Minister Nicola Willis has issued new guidelines for public service CEOs to encourage more employees to work from the office.
    Wellington Chamber of Commerce CEO Simon Arcus says the move will have a number of benefits, particularly in the capital.
    “Today’s announcement is welcome news for Wellington businesses and will have a positive impact on our city,” says Arcus.
    “Footfall is critical for a number of industries, especially retail and hospitality. These sectors have been struggling with a lack of customers with more Wellingtonians working from home. Many businesses have gone from expecting several days of profitable trading to turning a profit only one day a week,” he says.
    “CBD businesses pay the highest levels of rent, rates and insurance and rely on a thriving central city to survive.”
    Arcus says there are a number of other good reasons for encouraging employees to work from the office, whether in the public or private sector.
    “Working in the office also has benefits for productivity and team culture. It gives junior staff much better opportunities to be mentored by senior colleagues and encourages . The corporate sector has recognised this and has already moved to reduce working from home arrangements. It’s pleasing to see the public sector do the same,” he says.
    “We encourage local councils to follow the government’s lead and encourage their staff to come back to the office. This change will bring life back to our city, bringing benefit to businesses, communities and workers,” he says.

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-OSI New Zealand: Government Cuts – PSA strongly opposes any clawback on flexible work arrangements

    Source: PSA

    Govt job cuts to blame for Wellington’s ills, not working from home
    The Government’s reckless decisions to axe thousands of public service jobs are what is hammering the Wellington economy, not working from home.
    “If the Government really cared about the Wellington economy, then it shouldn’t have cut thousands of hard working, dedicated public service workers from its payroll,” said Duane Leo National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    “The directive from Public Service Minister Nicola Willis to reduce numbers of people working from home is just a scapegoat for the real problem which is of the Government’s own making.
    “Taking the spending power of thousands of public service workers out of the Wellington economy is what is damaging businesses, and the Government must take full responsibility for its poor leadership and economic management.
    “Simply telling workers to come back to the city a few more days a week won’t revive the Wellington economy. In a cost-of-living crisis, people are already saving money by making their own lunches and cutting down on coffees and after work drinks.”
    The decision is out of step with modern workplaces, across the private and public sector and around the world which have embraced flexible working because of its many benefits.
    The latest Shaping Business Study by 2Degrees underlines this with the majority (51%) saying it has increased productivity and more than a third (37%) saying it helps to recruit and retain staff.
    “Many public servants already have flexible working built into the employment agreements that have been negotiated by unions and employers. The Government can’t just disregard negotiated employment agreements.
    “Workers have made decisions around their family life based on these agreements, and its particularly important for our disabled kaimahi. Flexible work arrangements make it easier for those who face challenges being in the office every day to have rewarding and productive 40-hour weeks.
    “The PSA will be backing our members to stand together to hold onto their legal entitlements.
    “This directive is just par for the course from a government which has consistently attacked public service workers and the role they play in supporting the economy.
    “More job cuts are likely, and the Government has made it clear in the latest Workforce Policy Statement that it wants to clamp down on pay rises.
    “All the evidence shows austerity doesn’t work. The Government should be investing in public services and stop blaming public service workers for the damage caused by its own policies,” said Duane Leo.

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-Evening Report: View from The Hill: The Greens’ demands on the RBA make for bad economic policy. Is it also crazy politics?

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    When the Greens tell Labor they’re ready to negotiate, what they usually mean is they’re preparing to make populist demands that can’t or shouldn’t be met.

    So it is with their “ask” on the Reserve Bank legislation.

    Treasurer Jim Chalmers wants to split the Reserve Bank board into two, one to run monetary policy and the other to administer the bank.

    He got close to agreement with the Liberals, but then they saw an advantage in walking away. The Greens jumped in to fill the void, demanding an interest rate cut in exchange for their support.

    “Both the Treasurer and the RBA Governor have said the reforms are important. Now they know what they have to do to get them done – provide some much needed relief to mortgage holders,” the minor party’s treasury spokesman Nick McKim said on social media on Monday.

    “We are unashamedly using our political power to fight for mortgage holders who are getting smashed by high interest rates.

    “The power exists for the Treasurer to bring down interest rates. Time to stop the pretence that the RBA is independent.

    “Time for Jim Chalmers to end his ritual ashen-faced handwringing, end the pretence there’s nothing he can do, and intervene to bring down interest rates,” McKim said.

    “We are deliberately bringing the RBA into the centre of the political debate where it belongs. The RBA board are unelected technocrats, not high priests who are beyond criticism. Every decision they make is political.”

    When it comes to the Greens, the government gives as good as it gets.

    “The Greens are out of control,” Finance Minister Katy Gallagher told the ABC on Monday. “It’s crazy what they’re saying to us,” adding, rather primly, that it was “a bit unseemly” for McKim to be “issuing ultimatums”.

    Leave aside the unseemly – that’s a common political trait. What about the crazy?

    What the Greens are demanding is bad economic policy. Whether it is crazy politics remains to be seen.

    From time to time the Reserve Bank comes under sharp criticism, from experts and from the public.

    Chalmers and McKim agree on one thing – the “smashing” power of high interest rates.

    But the bank’s essentially independent status is a bulwark against monetary policy becoming the creature of short-term politics, as McKim would have it.

    (The bank isn’t totally independent. Section 11 of the RBA Act gives the treasurer the power to overrule it, with statements from both the treasurer and bank tabled in parliament. The section has never been invoked.)

    What the Greens are proposing, having the treasurer use his power to overrule the bank board to get his way on legislation, is irresponsible.

    It’s also illogical. The whole point of the proposed dual boards is to strengthen the bank’s expertise as the independent setter of monetary policy. But McKim wants, in essence, to scrap that independence.

    The stand on the Reserve Bank is typical of the Greens policy positions more generally. They’re presently holding up the government’s housing legislation in the Senate, making demands they know the government won’t meet, such as controls on rents.

    When challenged, the Greens point out that after playing hardball on earlier housing legislation, they won extra funding.

    They’re probably hoping the government will decide to buy them off this time with some more housing money. Notably, they have delayed the latest bills rather than vote them down. To do this they’ve teamed up with the Coalition – expediency overcomes ideology with these bedfellows.

    Monday’s announcement that the Australian Competition and Consumer Commission has launched legal action against Coles and Woolworths over their allegedly misleading behaviour on product discounts feeds right into the Greens’ (and the Coalition’s) policy for the power to break up the big supermarkets.

    The government reacted on Monday by releasing an exposure draft of its mandatory food and grocery code of conduct, which has been in the pipeline for some time. A government inquiry by former Labor minister Craig Emerson argued against divestiture powers but it’s easy to understand how cash-strapped families struggling with grocery bills could see that as appealing.

    In general, is wild economics savvy politics? We won’t know until after the election.

    The Greens were on a roll in 2022. They ended up with four lower house members, up from the one (leader Adam Bandt) they had before. The extra seats, all in Queensland, were won from both Labor (one) and the Liberals (two).

    They also came out of the election with a record dozen senators (now 11, after Lidia Thorpe’s defection).

    In the hunt for more lower house seats, the Greens would hope to pick up votes from those on the left who see Labor as too conservative, people financially hurting who are attracted to populist solutions, and young voters turned off the major parties.

    Given its present radicalism, one wonders whether the Greens will hold the two Brisbane seats they won from the Liberals.

    It’s difficult to chart the likely trajectory of the Greens, given their small share of the vote, and the heavier concentration of their support in particular areas. But Labor is certainly afraid of them. With the government on the back foot, it knows the potential attraction of easy-sounding solutions.

    The Greens hope there will be a minority Labor government after the election, and that they would be in a position to twist that government’s arm on multiple issues.

    The risk for them, however, is that if they overreach now, some of their potential but still undecided voters might become wary about how they would behave if their power was much enhanced.

    Michelle Grattan 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. View from The Hill: The Greens’ demands on the RBA make for bad economic policy. Is it also crazy politics? – https://theconversation.com/view-from-the-hill-the-greens-demands-on-the-rba-make-for-bad-economic-policy-is-it-also-crazy-politics-239595

    MIL OSI Analysis – EveningReport.nz –

    September 29, 2024
  • MIL-OSI New Zealand: Employment Trends – 90% of Professionals Would Look for New Job if They Had to Work More Days in-Office

    Source: Robert Walters

    • The large majority of workers would look for a new job if their in-office days increased 
    • Hybrid working, and workplace culture main deciding factors for accepting a new job 
    • 41% say the commute is main deterrent for returning to the office  
    • 45% say work-life balance is the most important factor when considering a new role 
    • Experts warn of “work interrupting personal life” mindset.

    Research has revealed that 90% of professionals would consider looking for a new role, if their employer was to ask them to increase their in-office days.  

    The main deterrents for professionals in increasing their office presence are long commutes (41%), disruptions to work-life balance (40%), workplace distractions (11%), and associated costs (9%).

    The findings, from a recent survey conducted by leading recruitment agency – Robert Walters, reveals a critical factor in the battle to retain top talent.  

    The ongoing debate between professionals and employers regarding office attendance has intensified since the lifting of pandemic restrictions. The research revealed that most businesses in white-collar industries are still offering flexible working arrangements (82%).  

    The research comes following the recent announcement from the government that they are mandating public sector workers back to the office with immediate effect. During the recent press conference, the government made some bold comments including how the city and in particular cafe owners are feeling the affects of the population working from home.

    Holding onto Hybrid

    The report, which surveyed over 2,000 white-collar professionals across New Zealand, discovered that 40% of the workforce would look for a new job if their employer required them to increase their in-office presence to 5 days a week, a further 33% said they would if their work from home days were reduced.  

    Another 17% said they would consider looking for a new role if their work arrangements changed but weren’t sure if flexible working was their main priority. Just 10% said they would remain in their current roles despite changes to flexible working arrangements.

    On the other hand, a considerable number of employers are advocating for increased office attendance, with the recruitment specialists at Robert Walters noting a considerable increase in employers expressing their desire for their staff to spend more time in the office.  

    Shay Peters, CEO of Robert Walters Australia and New Zealand, commented, “Since the start of the year, we have witnessed a growing number of employers urging their staff to enhance their presence in the office. We have even seen some employers starting to mandate 5 days in the office, but I think this is somewhat unrealistic.”

    The study also highlighted the increasing demand for hybrid work arrangements, which is now recognised as one of the top three benefits sought by professionals across various industries. Further research conducted by the company revealed that 45% of professionals say work-life balance is the most important factor when considering a new role.

    The recruitment specialists added that they have observed a significant increase in candidates seeking or preferring roles with flexible working arrangements. Workplace culture and flexible working arrangements are becoming the primary determining factors in a candidate’s decision to accept a job.”

    Peters added, “Employees need to understand there needs to be a balance between work life and personal life. In the past, society has put an emphasis on professional life, but it now seems some people have the mindset work is interrupting their personal life.”  

    Boundaries needed

    The recruitment specialists stressed the importance of defining boundaries when offering flexible working, explaining that boundaries ensure clarity and balance for both employers and employees.  

    Peters added, “By establishing clear expectations and guidelines, we can foster a productive and harmonious work environment that maximises the benefits of employers and employees. If boundaries aren’t established, this can lead to tension between colleagues which is in no one’s best interests.”

    Robert Walters suggested offering alternative options to flexible working to entice people back to the office.  

    Peters suggests that “Rather than offering flexible working without much consideration, employers should offer benefits that align with employee needs and preferences to enhance retention and encourage more in-office attendance. Some possible strategies to bring professionals back to the office include flexible work hours, improved office amenities, assistance with employee expenses such as travel subsidies or meals, among others.”

    According to the experts, flexible working arrangements should not be limited solely to the number of office days but also consider the start and end times of shifts. They suggest that flexible shift schedules can offer greater benefits compared to just the quantity of office days.

    Learning opportunities  

    Peters emphasises the advantages of working in an office environment, including increased collaboration with colleagues, active participation in team projects, heightened visibility, skill development opportunities, mentorship from senior staff, and a stronger connection to workplace culture.  

    “The shift to remote work has revealed a drawback. Individuals may be missing out on valuable learning experiences that are more readily accessible in an office setting. It is important for employees to acknowledge the advantages of increasing their in-office presence and embrace the learning opportunities that come with it” Peters explained.  

    The experts also expressed that being present in an office environment can offer comfort during tough times by surrounding yourself with your team.  

    He added that each company is unique, and the pros and cons of offering a flexible working policy vary across industries. Employers will need to address and potentially reassess their working models to see whether offering flexible working options benefit their business.

    MIL OSI New Zealand News –

    September 29, 2024
  • MIL-OSI USA: OSHA pledges to reevaluate proposed rule after Senator Coons, colleagues call to protect volunteer firefighters from burdensome regulations

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – This week, the Occupational Safety and Health Administration (OSHA) responded to calls by U.S. Senators Chris Coons (D-Del.), Jerry Moran (R-Kan.), and their colleagues to reevaluate and exempt volunteer fire departments from parts of a proposed rule that would apply burdensome new regulations to volunteer fire departments in Delaware and across the country.
    “Delaware’s volunteer fire companies already face unprecedented challenges trying to keep their communities safe,” said Senator Coons. “OSHA’s proposed rule– while well-intended – would add a massive burden to under-resourced and understaffed volunteer fire departments, requiring expensive new equipment and trainings that the departments cannot afford. I’m glad OSHA is listening and responding to our shared concerns. I will always recognize our firefighters’ bravery and work to ensure they can fully protect the communities they serve.”
    “Volunteer fire departments and rural communities have made their voices heard, and I am pleased OSHA has listened and is reevaluating the proposed rule,” said Senator Moran. “This is a great first step, and I encourage Kansans to continue sharing their views with OSHA on how this rule would place a financial burden on volunteer fire departments.”
    OSHA proposed a new rule earlier this year that would require fire departments to furnish new reports, trainings, equipment, and health services.
    In August, Senator Coons and Moran called on Acting Secretary of the U.S. Department of Labor Julie Su to exempt volunteer fire departments from parts of the proposed rule. The effort was also supported by Senators John Boozman (R-Ark.), Susan Collins (R-Maine), John Hoeven (R-N.D.), Angus King (I-Maine), Thom Tillis (R-N.C.), John Barrasso (R-Wyo.), and Tom Cotton (R-Ark.).
    This week, OSHA issued a statement that it is reevaluating the financial and regulatory impact the rule would have on volunteer firefighters: “OSHA has received comments in response to the NPRM [Notice of Proposed Rulemaking] from many stakeholders, including volunteer emergency responders, fire chiefs, trade organizations, and members of Congress, which raise serious concerns about the economic feasibility of the proposed standard for volunteer fire departments. OSHA takes these concerns seriously. This new information will help the agency make the necessary determinations about whether the proposed standard is feasible for volunteer organizations.
    “OSHA is committed to taking steps in any final standard, consistent with the rulemaking record, to assess and minimize detrimental effects on volunteer fire departments. If supported by the record, this may include excluding voluntary emergency response organizations entirely based on these feasibility concerns.”
    The full statement from OSHA can be found here.
    OSHA will hold a public rulemaking hearing on November 12, 2024, and stakeholders are encouraged to provide comments for the hearing. Instructions for how to participate in the hearing are available on the Emergency Response rulemaking webpage.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: MEDIA ADVISORY: Sanders to Lead HELP Committee Hearing on Outrageous Ozempic and Wegovy Prices with Novo Nordisk CEO

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, Sept. 20 – As millions of Americans struggle with diabetes and obesity, Sen. Bernie Sanders (I-Vt.), Chairman of the Senate Committee on Health, Education, Labor, and Pensions (HELP), on Tuesday will lead the committee in a hearing to examine why Novo Nordisk charges the American people the highest prices in the world for its lifesaving drugs, Ozempic and Wegovy. Epidemiologists have estimated that more than 40,000 lives per year could be saved if Wegovy and other weight-loss drugs were made affordable and widely available in the United States.
    Novo Nordisk CEO Lars Fruergaard Jørgensen will join the hearing to provide in-person testimony on a solo panel.
    “I want to thank Mr. Jørgensen for our discussions and for his agreeing to voluntarily testify before the HELP Committee about the outrageously high cost of Ozempic and Wegovy in the United States,” said Sanders. “The American people are sick and tired of paying, by far, the highest prices in the world for prescription drugs. They deserve to hear from Mr. Jørgensen.”
    Novo Nordisk has made nearly $50 billion in sales from these two products alone. Yet, Novo Nordisk currently charges Americans with Type 2 diabetes $969 a month for Ozempic, while this same exact drug can be purchased for just $155 in Canada, $122 in Denmark, and just $59 in Germany. Incredibly, Novo Nordisk also charges Americans with obesity $1,349 a month for Wegovy, while this same exact product can be purchased for just $186 in Denmark, $140 in Germany, and $92 in the United Kingdom.
    In March of 2024, a study from researchers at Yale University found these drugs could be profitably manufactured for less than $5 a month, or $57 per year. Earlier this week at an expert discussion hosted by Sanders, the chairman announced that some CEOs of major generic pharmaceutical companies are willing to sell Ozempic to Americans for less than $100 per month, at a profit. More than 250 physicians also came together earlier this week to call on Congress to rein in the exorbitant prices of GLP-1s, like Ozempic and Wegovy.
    If half of all adults in the U.S. took these weight loss drugs, it would cost $411 billion per year – $5 billion more than what Americans spent on all prescription drugs at the pharmacy counter in 2022.
    This hearing builds on the HELP Committee’s previous efforts to ensure pharmaceutical companies provide life-saving medicines at affordable prices, including taxpayer funded prescription drugs, COVID vaccines, inhalers, and insulin.
    DetailsWhat: Senate HELP Committee hearing titled, “Why Is Novo Nordisk Charging Americans with Diabetes and Obesity Outrageously High Prices for Ozempic and Wegovy?”When: 10:00 a.m. ET, Tuesday, September 24, 2024Where: Room 562 Dirksen Senate Office Building. The discussion will also be livestreamed on the HELP Committee’s website and Sanders’ social media.Who:
    Senate HELP Committee members
    Novo Nordisk CEO Lars Fruergaard Jørgensen
     

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: SAAB Organizing Win in Indiana

    Source: US GOIAM Union

    On Sept. 15, 2024 the IAM Organizing Department helped the workers of SAAB Aerospace claim victory in their union election. Organizing Department Grand Lodge Representative Billy Anderson spearheaded the campaign. The SAAB Aerospace campaign in West Lafayette, Ind., concluded with 102 Hoosiers voting in overwhelming support of the IAM.

    “I couldn’t be prouder and more excited for our newest IAM members from Saab Aerospace,” said Anderson. “Their courage and commitment to unionize their shop is reflective of the same passion and skills that they provide in service to our nation’s defense.”

    Credit: Saab, Inc.

    As the Swedish company expands into North America, our new brothers, sisters, and siblings will continue to provide excellent work at the advanced manufacturing and production facility. Saab, widely known for their now discontinued sports car lineup, has expanded into defense manufacturing. Saab recently received a $101 million order from Boeing to produce the T-7A aft fuselage system in West Lafayette. The facility, opened in 2021, is expected to expand to up to 300 employees by 2027. 

    “They deserve the very best that an IAM contract can offer,” said Anderson. “This was a team effort and I want to thank the workers, the IAM Midwest Territory and the IAM Organizing Department working together to make this happen.”

    “After 36 years with the IAM, wins like these never get old. We’re proud that over the past five years we’ve organized more workers than any other AFL-CIO union. Wins like these will help ensure that trend continues for another five years and beyond.” says Midwest Territory General Vice President Sam Cicinelli

    “If new members are the lifeblood of any union, then great organizers like Billy Anderson are our heart,” says Resident General Vice President Jody Bennett. “We welcome each of these 102 workers into their union, and we’re excited to see how they advance our shared mission”

    The 70-23 vote win follows a close loss last year. After the unit size doubled, Anderson doubled down, and recommitted himself to organizing the unit. The win goes to show that while conditions change, the persuasive message of union security, great benefits, and collective power can still win the day. 

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    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Deadline to Apply for SBA Physical Disaster Loans Approaching in Vermont

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding businesses, private nonprofit organizations, homeowners and renters in Vermont affected by the severe storms, flooding, landslides and mudslides that occurred July 9 – 11, to apply for physical damage disaster loans by the Oct. 21 deadline.

    Those affected by the disaster should not wait to settle with their insurance company before applying for a disaster loan. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA can make a low-interest disaster loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay the loan.    

    The disaster declaration covers Addison, Caledonia, Chittenden Essex, Lamoille, Orleans and Washington which is eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private nonprofit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs):  Franklin, Grand Isle, Orange, Rutland and Windsor in Vermont; Coos and Grafton in New Hampshire and Clinton, Essex and Washington in  
    New York.  

    Applicants can still get assistance at SBA’s Business Recovery Center (BRC) in Washington County. Customer Service Representatives at the BRC will help business owners complete their disaster loan application, accept documents, and provide updates on an application’s status. Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Disaster Recovery Center in advance. The Center address and hours of operation are indicated below.

    Business Recovery Center (BRC)  
    Washington County      

    Barre Municipal Auditorium  

    20 Auditorium Hill

    Barre, VT 05641  

    Hours:            Monday – Friday, 9 a.m. to 6 p.m.  

                            Saturday, 10 a.m. to 2 p.m.  

    Closed:          Sunday  

    With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover.  FEMA grants are intended to cover necessary expenses and serious needs not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make you whole and get you back to your pre-disaster condition.  Do not wait on the decision for a FEMA grant; apply online and receive additional disaster assistance information at sba.gov/disaster.  

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

    Submit completed loan applications to SBA no later than Oct. 21, 2024. The deadline to submit economic injury applications is May 20, 2025.

    ###  

    About the U.S. Small Business Administration  

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

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Greg Landsman misleads voters in campaign ad

    Source: US National Republican Congressional Committee

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –


    September 20, 2024


    Sleazy politician Greg Landsman has been caught misleading voters in his campaign ad, where he claims “Members of Congress are using insider information to get rich trading stocks. That’s crazy,” and “I don’t take corporate PAC money because I want you to know I’m with you and not billionaires.”

    Well, a new report shows Landsman actually failed to disclose his own transactions for months—a violation of the STOCK Act. He also held shares in oil and pharmaceutical companies—industries he’s railed against

    “Sleazy politician Greg Landsman is engaging in more sleazy politics… not surprising! Ohio voters deserve transparency from their representative — not lies in campaign ads just to score a vote.” — NRCC Spokesman Mike Marinella

    Read more from the Washington Free Beacon here or see excerpts below.

    Dem Rep. Greg Landsman, An Aggressive Financial Ethics Crusader, Failed To Disclose His Stock Trades
    The Washington Free Beacon 
    Meghan Blonder 
    September 19, 2024

    Rep. Greg Landsman (D., Ohio) has spent years pushing government ethics reforms and demanding more financial transparency from public officials. But the congressman failed to disclose his own transactions for months—a violation of the STOCK Act, a campaign finance expert told the Washington Free Beacon.
     
    As a Cincinnati city councilman, Landsman introduced reforms “aimed at restoring public trust in government,” such as an ethics commission “tasked with local reporting of financial disclosure forms” and investigating complaints, CityBeat reported in 2020. He continued his ethics crusade after winning a House seat, claiming this month in a reelection ad that “members of Congress are using insider information to get rich trading stocks. That’s crazy.”
     
    But Landsman filed a required disclosure form in August showing that he failed to report more than 87 financial transactions within the legally required timeframe. That failure, according to Craig Holman, an ethics lobbyist with the progressive think tank Public Citizen, is a violation of the STOCK Act, a 2012 law intended to combat insider trading through financial transparency. The August disclosure also showed Landsman held shares in oil and pharmaceutical companies—industries he’s railed against.
     
    “Rep. Landsman is required to file a periodic transaction report no later than 45 days after each transaction,” Craig Holman told the Free Beacon. The majority of Landsman’s transactions, 63, were from 2023, with 19 dating back to January that year. Each violation carries a $200 penalty.
     
    […]
     
    Still, the Democrat’s failure stands at odds with his aggressive advocacy for financial transparency for government officials. In 2020, then-councilman Landsman pushed several local reforms following Cincinnati corruption scandals. In addition to the ethics commission, he proposed hiring a chief ethics officer and creating mechanisms to punish or even remove officials who violate campaign finance rules.
     
    “We need people to know that this is a highly effective government, one that is fair, and one that people can trust. We also need good people in public service to stay, and for good people considering public service to join what I believe to be incredibly important and noble work,” Landsman told CityBeat at the time.
     
    In his September reelection ad, Landsman called Washington “a mess.”
     
    “I don’t take corporate PAC money because I want you to know I’m with you and not billionaires,” Landsman said.
     
    His belated financial disclosure, meanwhile, showed he held shares in some of the most profitable companies of all time, including Nvidia, BlackRock, CrowdStrike, Amazon, and Microsoft. It also showed he bought and sold stocks in Diamondback Energy, an oil and natural gas company, as well as in Horizon Therapeutics, formerly Horizon Pharma.
     
    In March 2022, Landsman accused his opponent, then-Rep. Steven Chabot (R.), of being beholden to those industries.
     
    “He’ll be with Big Pharma and Big Oil. I’ll be with our children and families,” he wrote.
     
    The next month, Landsman published a press release titled “Pharma Over Families: Chabot Chooses Chaos in Fight to Lower Costs” and called out political contributions his opponent received from pharmaceutical companies.
     
    “[T]hat’s whose side he’s on…not ours,” Landsman wrote.
     
    Landsman bought and sold up to $30,000 in Horizon shares between January and February 2023, while his wife sold as much as $15,000, according to his financial disclosure. He also bought up to $65,000 in Diamondback shares and sold up to $30,000 between January 2023 and July 2024.
     
    Landsman spent his 2022 congressional campaign criticizing oil and gas companies, calling them “out of control.”
     
    “Oil and gas corporations are making record profits right now,” he posted to X. “They’re price gouging. It’s outrageous, totally unfair to our working families, and a disaster for our economy.”
     
    Landsman’s 2024 campaign website says he’s fighting to “hold polluters accountable” and is working to direct federal funds to “renewable energy, sustainability, and environmental restoration in Southwest Ohio.”
     
    Diamondback focuses on the “acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas,” its website states.
     
    Helwig did not comment on the Free Beacon inquiries about Landsman’s specific investments.
     
    This is not the first time Landsman failed in his responsibilities to the government. In March 2022, the state of Ohio filed a tax lien against the Democrat and ordered him to pay interest on unpaid taxes he owed through his accounting firm Landsman & Associates, the Free Beacon previously reported. Still, Landsman voted eight times to raise taxes and fees over a four-year period as a city councilman—even as he acknowledged his constituents were “struggling.”
     
    The Landsman household income, according to finance documents, totaled more than $380,000 in 2022. During a debate, the Ohio Democrat described the rising inflationary costs of gas and groceries as “very frustrating” for him and his wife.

    Read more here.


    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Dr. Radha Plumb, DOD Chief Digital and Artificial Intelligence Officer, Delivers Remarks at the Advana Industry Day

    Source: United States Department of Defense

    Good morning, everyone. This a great event and these events don’t happen without a lot of teamwork so I would like to take a moment to acknowledge and thank all our teams who have put in so much time and work leading up to it. A special thanks to the teams that made this happen in CDAO – our Acquisition & Assurance, Mission Analytics, and Enterprise Platform and Services and our Air Force acquisition team partners at AFICC. And thanks to you all for joining us here today.

    I want to take a few minutes to provide some context to the more in depth briefs you’ll get today and preview our Advancing AI Multiple Award Contract – which at a $15 billion dollar ceiling and 10-year period of performance will be one of the largest data and AI government acquisition actions ever. Before I talk at you for the next 10 minutes – let me start with the Who, then move to the “Why” and the “How” — to include more details on the AAMAC.

    As most of you know, I am the Pentagon’s Chief Digital and AI Officer. Our mission is to accelerate adoption of digital and AI solutions across DOD. I sort of think of this as having two parts: Advancing deterrence by ensuring our warfighters have the very best digital capabilities and beating bureaucracy by ensuring our critical business functions – like financial management, logistics, and health care – have the digital solutions to deliver for the warfighters and the taxpayers.

    What that means in practice is that I oversee that teams that do everything from the policy and governance process to the teams that deliver and sustain the data and AI infrastructure to the teams that work with key customers around DOD to ensure they have the right digital solutions. Functionally – we approach this broad mission by aligning our teams into three buckets: ENABLE, SPEED, and SCALE. From the outside our structure can feel opaque, so I think it’s worth sharing in some detail how we’re organized and how we coordinate to across our teams to deliver for the Department.

    • ENABLE encompasses the writing of policies and then the processes that promulgate and oversee these practices across DOD. This includes setting formal standards, delivering best practices, building templates and tools, and also defining acquisition pathways and processes to put capabilities in the hands of DoD users.
    • SPEED relates to areas where we put direct investment and staff expertise to develop and deliver solutions on an accelerated timeline – to really prove out the art of the possible. You all are seeing that in the advanced command and control space with the work in GIDE and the recent minimum viable capability for CJADC2.
    • SCALE is focused on the delivery of large, central enterprise platforms that include data stacks; development environments and test and evaluation tools to build capabilities; the data, analytic, and AI enabled products that spread insights across the enterprise; and the assurance processes to build an interoperable ecosystem of platforms and products that are technically sound, secure, and work together to deliver real value. My Deputy CDAOs – Eugene Kuznetsov and Garrett Berntsen – who lead these “SCALE” functions in CDAO, will talk more about their efforts later today.

    As many of you know – CDAO is a new organization. We began by combining pockets of excellence across AI, data, and analytics teams in DoD. And, while each of these teams had promising work, when combined they were truly greater than the sum of their parts. As we move into our third year, we are working to create that flywheel that connects these ENABLE, SPEED, and SCALE functions to drive the digital transformation across the entire defense enterprise.

    Okay – so then WHY are we here today. The short answer is – Open DAGIR

    In May we announced Open DAGIR, which stands for Open Data and Applications Government-owned Interoperable Repositories. {I know…it’s a mouthful]

    But the Open DAGIR construct is actually straightforward in nature – it is a holistic approach that aligns the architecture (that is platforms, data, and applications) and acquisition approaches (governance, budget, incentives and industry engagements.) The structure is driven to create speed, flexibility, interoperability and is made up of three parts:

    (1) enterprise-level infrastructure to ensure reliable, enduring access to the Government-owned, Contractor-operated technology stacks that can onboard new capabilities quickly.
    (2) enterprise-wide applications that we procure through license agreements to streamline access and standardize a core set of digital tools.
    (3) a transparent and agile acquisition process to prototype and where appropriate scale new digital solutions.

    Open DAGIR is by construction not about by a single company or product – it is a way to leverage a competitive acquisition process to rapidly procure and integrate best-in-class technology from industry to meet specific DoD requirements and ensure interoperability.

    In July we held our first Open DAGIR Insight Day, which outlined how we use our experimentation series – GIDE—to identify new technical capabilities to solve novel challenges focused on our strategic command and control requirements. The digital tools and underlying infrastructure that enable what we call “strategic command and control,” a critical warfighting function. This was the first line of effort under Open DAGIR.

    Today we are here to talk about our second line of effort – focused on enabling enterprise-level data-driven digital solutions with tools ranging from advanced analytic applications that can yield greater insights in a fraction of the time to AI-enabled applications that can transform critical functions from the boardroom to the battlefield. And much of this builds off the work of Advana – our Advanced Enterprise Analytics at the Department of Defense – program.

    Before we talk about Advana’s future, it’s worth talking a bit about the journey. I returned to the Department in early 2021 and was Deputy Secretary Hicks’ Chief of Staff. In 2021, she outlined a north star for creating Data Advantage with five Data Decrees. Inherent in that document was a recognition that the Department’s data ecosystem is distributed and heterogeneous. To balance the value of this federated ecosystem with the need to integrate data, she established Advana as the single enterprise data analytics platform for the Department’s leadership. Since then, Advana has grown to DOD’s largest data platform – rapidly reaching over 100,000 users, connecting 500+ source systems and proving out the promise of data-driven digital solutions. Later today you will hear from several members of our team and key customers about Advana’s successes. Their journey and the growth of the platform has been truly remarkable and is a testament to the Department’s rapid digital transformation. Rooted in these successes but with many lessons learned, we are now evolving Advana – everything from the scope to the technical architecture to the acquisition approach to meet the needs of the future. Advana was a critical enabler along our data transformation but it could never be singular end-state solution for all of DoD’s data needs. DoD – which has an $800 billion dollar budget, 3 million employees, a health care system with 9 million beneficiaries, and supply chain with 3 times the suppliers of Walmart. We have more ground vehicles than major shipping companies, more planes than major commercial airlines. We operate 24/7 and cover all contingencies. Globally, the analytic and AI requirements of the DoD are broad and deep and so – we in CDAO knew we needed to continue to adapt and modernize our data backbone to meet those needs.

    So – HOW are we going to meet these diverse needs?

    That’s really the future of Advana – to move beyond a singular, vertically integrated stack and applications to a more federated ecosystem. To do that and to ensure we can integrate the existing data and analytic infrastructure with future solutions, we are executing a series of technical enhancements – called “Advana 1.2” – that will ensure more explicit government stewardship of the platform – to include improved pathways for integration and government-owned environment for development. This will allow us to accelerate the addition of new software capabilities, and allow the Advana data infrastructure to be more easily interoperable with other platforms. You will hear more details about these architecture upgrades from our platforms lead and really one of the builders of Advana 1.0– Alex O’Toole—later today.

    In parallel – under the Open DAGIR construct, we are moving from a single award contract to a multiple award IDIQ contract that will be open to a wide range of potential vendors, called the Advancing AI Multiple Award Contract (AAMAC). This 10-year, $15 billion dollar ceiling IDIQ will be the largest data and AI government acquisition action in history and will be open for customers across DoD. The AAMAC will help scale our data backbone and bring in new digital tools to meet more varied needs from a wider population of DoD users, encourage vendor diversity and partnerships, and drive innovation and mission delivery at scale. It will also set the foundation for transformative investments into data and AI across the DoD enterprise to make real this Open DAGIR construct.

    Let me try to unpack what I mean by the Open DAGIR construct – at the heart of the Open DAGIR approach is a common foundation to enable broad data access and interoperability in tools. This allows data that is ingested and enriched by one set of tools to be used in another tool set. In other words, every platform, tool, and application within the Open DAGIR ecosystem will need to meet a common baseline set of requirements for interoperability and, where possible, integration.

    Our teams will drive the core elements of commonality and flexibility across key technical architecture elements such as:

    • Building a common architecture or backbone to support data interchange and discoverability across platforms, tools, and applications.
    • Establishing common enterprise APIs and a common approach to federated data governance.
    • Standing up a federated governance process based on alignment with core principles but allowing different solutions to compliance – a sort of trust but verify construct.
    • Establishing interoperable stacks- a clear pipeline and pathway for successful applications.

    So in addition to the acquisition and technical upgrades, in the coming months, you’ll see CDAO defining these core technology principles to enable interoperability, including things as basic as: “how do we define a platform?” or “how do we define an application?” to the more complex but still critical “what are the minimum data parity standards we need to set across Open DAGIR platforms?” and “how is intellectual property protected for third party developers while ensuring government insights?”

    Through the Open DAGIR approach, our intent is to add transparency and support industry innovation by protecting vendor proprietary applications and intellectual property, and simultaneously maintain appropriate Government ownership and access to our data and infrastructure.

    The end-state we’re striving for is very achievable – it’s about delivering the right capability delivery on the right timeline. And that means creating a transparent and accessible set of requirements, a collaborative environment for industry innovation, the right protections for intellectual property, and flexible and agile license agreements fit for various stages of prototypes, production, or sustainment.

    Our goal with Open DAGIR and the forthcoming AAMAC is to lay the foundation for more predictable and repeatable tools and processes that match technology solutions with the resources and acquisition pathways to put solutions in the hands of DoD users.

    America’s enduring advantage is our vibrant and creative industry. On the government side – our measure of success is our ability to partner quickly and effectively to deliver those innovative new solutions to our warfighters. We – simply put – cannot afford to fail. And this is truly a partnership with industry – we need your dedication, innovation, and candid feedback to help us drive digital transformation across the DoD enterprise at SCALE.

    Let me close by calling out the elephant in the room – I know we in DOD are not always easy to work with. The acquisition process can be daunting and feel cumbersome and slow, and it can be hard to know who to call. Let me assure you – we’re trying to be less hard to work with

    This Industry Day is just one of multiple opportunities over the next few months for partners across industry to actively engage in plenary/educational sessions alongside CDAO to talk about Open DAGIR and provide meaningful feedback on our approach for the framework and the future of Advana. We have RFIs, challenges, and future industry days. We’re working with a variety of industry associations and groups to set up smaller feedback sessions.  We look forward to continuing the conversation and engaging with you all as we strive to solve some of DoD’ toughest and most complex data and AI challenges.

    Thank you for your time and we welcome your feedback.

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Canada: Saskatchewan Leads The Nation In Retail Trade Growth

    Source: Government of Canada regional news

    Released on September 20, 2024

    Growth in province’s retail trade ranks first in both month-over-month and year-over-year categories

    According to data released today by Statistics Canada, Saskatchewan ranks first among the provinces for year-over-year growth in retail trade. Retail trade sales in the province increased by 6.3 per cent from July 2023 to July 2024 (seasonally adjusted), reaching $2.2 billion.

    “The growth we are seeing in our retail sector is a vitally important leading economic indicator, which shows the current strength of Saskatchewan’s economy and points to our continued leadership position in Canada,” Minister of Trade and Export Development Jeremy Harrison said. “This growth is creating new opportunities for the people and families of our province. With the strongest job growth in the country, lowest rate of inflation, and record investment, Saskatchewan’s strong and vibrant communities are well positioned now and into the future.

    “Our government will continue to work alongside our industry partners and job creators to protect and promote the interests of Saskatchewan residents.”

    The value of retail trade in Saskatchewan increased by 3 per cent in July 2024 compared to June 2024 (seasonally adjusted), also ranking first in terms of percentage change among the provinces.

    The Monthly Retail Trade Survey compiles data on sales, including e-commerce sales, and the amount of retail locations by province, territory, and selected census metropolitan areas from a sample of retailers.

    Retail sales is a measure of total receipts at stores, or establishments, that sell goods and services to final consumers.

    The province continues to see positive outcomes in several key economic areas, with Saskatchewan currently maintaining the lowest year-over-year rate of inflation according to the Consumer Price Index, at 1.1 per cent.

    Statistics Canada’s latest GDP numbers also indicate that Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.2 billion, or 1.6 per cent. This places Saskatchewan second in the nation for real GDP growth, and above the national average of 1.2 per cent.

    Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.

    The province has revealed “Securing the Next Decade of Growth: Saskatchewan’s Investment Attraction Strategy,” in conjunction with the launch of the investSK.ca website. These initiatives are positioned to amplify growth in Saskatchewan, serving as pivotal instruments in driving further development.

    To learn more, visit: investSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    September 29, 2024
  • MIL-OSI Canada: Manitoba’s Affordable Energy Plan Launches Historic Partnerships in Wind Generation

    Source: Government of Canada regional news

    September 20, 2024

    Manitoba’s Affordable Energy Plan Launches Historic Partnerships in Wind Generation

    – – –
    Next Generation of Energy Will Keep Rates Low for All Manitobans: Kinew


    The Manitoba government is unveiling the plan to build the next generation of affordable energy, Premier Wab Kinew, Finance Minister Adrien Sala, minister responsible for Manitoba Hydro, and Environment and Climate Change Minister Tracy Schmidt announced today.

    “We are giving you the freedom to make climate-friendly choices by making those choices more affordable,” said Kinew. “Building more energy capacity starts with a new government-to-government partnership in wind, the best source of new clean energy. By building out the grid we’ll keep rates low for everyone and put more Manitobans to work in good union jobs. Together we’ll build the next generation of affordable energy to power Manitoba’s future.”

    For the first time in the province’s history, the Manitoba Affordable Energy Plan formalizes into government policy Indigenous-owned, utility-scale electricity resource supply through the creation of government-to-government partnerships with Indigenous nations in wind generation, while ensuring Manitoba Hydro stays public.

    “Manitoba has some of the lowest energy costs in the country, thanks to decades of investment in Manitoba Hydro’s clean energy grid and skilled workforce,” said Sala. “But we can’t just take it for granted. Now it’s time to build on our advantage to ensure we have low rates, good jobs and clean energy for years to come.”

    Other actions in the plan include:

    • Creating an Indigenous loan-guarantee program to provide First Nations and Métis the capital support and capacity to participate in the energy transition and finance new partnerships in wind generation.
    • Refurbishing Manitoba Hydro generating stations to unlock up to 200 megawatts of power.
    • Ending the first-come, first-served approach for large grid connection to better align with Manitoba’s economic development goals.
    • Strengthening energy codes for homes and buildings to generate long-term energy savings for Manitoba families.
    • Stronger oversight of the oil and gas sector with regular provincial inspections to ensure environmental safety and reliability.
    • Installing new Manitoba Hydro owned and operated public electric vehicle chargers.
    • A renewed focus on energy security with stronger protections in place for procurement and data management to keep Manitoba’s energy supply safe and secure.

    “Our plan supports Manitoba’s path to net zero emissions by 2050 and will help us protect our air, land and water for future generations,” said Schmidt. “By making clean energy choices more affordable, we’ll help families save money while they save energy.”

    To read the plan, visit https://manitoba.ca/energyplan.

    – 30 –

    MIL OSI Canada News –

    September 29, 2024
  • MIL-OSI Security: Slidell Man Sentenced For Making False Statements To Small Business Administration

    Source: United States Department of Justice (National Center for Disaster Fraud)

    NEW ORLEANS – United States Attorney Duane A. Evans announced that DEAN MEILLEUR (“MEILLEUR”), age 57, a resident of Slidell, Louisiana, was sentenced on September 17, 2024, for making or using false writings or documents to the United States Small Business Administration (SBA), in violation of Title 18, United States Code, Section 1001(a)(3).

    According to court documents, MEILLEUR, submitted false writings and documents to the SBA to obtain Economic Impact Disaster Loans (“EIDL”).  In his EIDL applications, among other things, MEILLEUR falsely represented that he was the owner of a trucking business  formed in 2017 and, that he was eligible for EIDL funds.  As a result of these false submissions, MEILLEUR obtained $147,400 from the SBA to which he was not entitled. 

    United States District Judge Brandon S. Long sentenced MEILLEUR to four (4) years of probation, payment of restitution in the amount of $147,400.00, and a $100 mandatory special assessment fee. 

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    U.S. Attorney Evans commended  the Federal Bureau of Investigation for investigating this matter.  Assistant United States Attorney Andre J. Lagarde of the Public Integrity Unit is in charge of the prosecution.

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI Security: Woman admits to submitting false disaster relief applications resulting in $620,000 loss

    Source: United States Department of Justice (National Center for Disaster Fraud)

    HOUSTON – A 34-year-old former Houston resident has pleaded guilty to conspiracy to commit wire fraud, announced U.S. Attorney Alamdar S. Hamdani.

    From March 2020 until March 2021, Cora Chantail Custard conspired with others to submit false and fraudulent loan applications for financial assistance both personally and on behalf of others.

    The co-conspirators submitted false applications to the Small Business Administration (SBA), Federal Emergency Management Agency (FEMA) and multiple state unemployment insurance agencies.

    Over the course of the conspiracy, Custard resided in both Houston and San Antonio.

    As part of her plea, Custard admitted to using her Facebook account to advertise her services to file fraudulent disaster relief applications. Custard’s posts repeatedly described the scheme to her social media followers as “doing apps,” with the ability to obtain between $6,000 and $8,000 for an application within four to seven days of filing.

    Custard submitted or caused the submission of over 100 fraudulent Economic Injury Disaster Loan applications, at least 36 of which resulted in advance payments totaling $345,000.

    Further investigation revealed Custard filed at least 30 fraudulent FEMA Disaster Benefit applications related to Hurricane Laura in August 2020 and Hurricane Sally in September 2020. At least 16 of those fraudulent applications resulted payouts totaling approximately $75,000.

    Additionally, Custard committed several other fraudulent acts like filing over 100 false unemployment insurance applications in Michigan, Illinois and several other states for her own and others’ benefits. At least 20 of those fraudulent applications resulted in payments totaling approximately $200,000.

    Due to her actions, multiple agencies lost a total of $620,000.

    U.S. District Judge David Hittner will impose sentencing in January 2025. At that time, Custard faces up to five years in federal prison and a possible $250,000 maximum fine.

    She was permitted to remain on bond pending that hearing.

    The Department of Homeland Security-Office of Inspector General (OIG), IRS-Criminal Investigation, Treasury Inspector General for Tax Administration, Social Security Administration-OIG, SBA-OIG and Department of Labor-OIG conducted the investigation.

    Assistant U.S. Attorney Karen M. Lansden is prosecuting the case.

    MIL Security OSI –

    September 29, 2024
  • MIL-OSI USA: Rep. Fitzgerald’s Performance Over Politics Bill Passes in House

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Today, Congressman Scott Fitzgerald (WI-05) issued the following statement after his bill, the Performance Over Politics Act, was passed on the House floor.

    “While shareholder engagement remains an important aspect of corporate governance, the consideration of shareholder proposals that deviate from the company’s strategic direction or long-term goals has transformed boardrooms into partisan platforms where political agendas overshadow sound financial management,” said Rep. Fitzgerald. “In an effort to curb the growing politicization of shareholder meetings, I was pleased to see my legislation—Performance Over Politics Act—pass as part of the Prioritizing Economic Growth Over Woke Policies Act on the House floor today. My bill works in unison with the larger legislative package to counter the political ESG movement and strengthen our financial system.”

    The Performance over Politics Act permits issuers to set aside for three years resubmission of shareholder proposals that are substantially similar to proposals that received less than 10% of the vote once in the previous five years, received less than 20% twice in the previous five years, or received less than 40% three times in the previous five years. A 2009 study noted that costs directly incurred by companies due to such proposals were estimated at $87,000 per proposal, totaling $90 million annually. The goal of the bill is to respect the decisions of the majority of shareholders and encourage more rather than less public companies – and get politics out of the boardroom.

    This bill was passed as a part of H.R. 4790, the Prioritizing Economic Growth Over Woke Policies Act.

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    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Fitzgerald Co-Introduces Bill to Protect American Businesses from Russian Lawfare

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) co-introduced the Protecting American Businesses from Russian Litigation Act of 2024 to shield American businesses from frivolous Russian lawfare. The bill closes an existing loophole in federal law and amends Chapter 111 of Title 28 of the United States Code to ensure that U.S. persons are protected from lawsuits that result from good faith compliance with U.S. sanctions and export controls.

    “Following Putin’s invasion into Ukraine, Russia has waged an aggressive campaign against American companies that withdrew their services from the country to comply with U.S. imposed sanctions designed to weaken the regime. Russian courts have wrongly awarded large claims against these companies, and Russian litigants have used these decisions as evidence to sue in U.S. Federal courts. This is wrong. Wisconsin businesses who distribute internationally should not be punished for good-faith compliance with U.S. sanctions. That’s why I’m proud to cosponsor the Protecting Americans from Russian Litigation Act, which will amend U.S. Code to shield U.S. persons from frivolous lawsuits for good faith compliance with U.S. sanctions and export controls,” said Rep. Fitzgerald.

    BACKGROUND: In response to Russia’s February 2022 invasion of Ukraine, the U.S. government imposed sanctions and export controls on Russia. To comply with these measures, U.S. companies wound down operations and ceased work in Russia. As a result, U.S. companies have been targeted by Russian litigants seeking damages and being awarded large and inflated claims by Russian courts against U.S. companies. These subjective decisions are then used as the basis for Russian litigants to seek significant damages under U.S. law – essentially functioning as a countersanction for Russia.

    American companies shouldn’t be punished for simply complying with U.S. sanctions and export controls. The Protecting American Businesses from RussianLitigation Act of 2024 will protect American companies and their interests so that they are not subject to litigation for good faith compliance with U.S. sanctions and export controls.

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    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA: Rep. Mann Blocks Biden-Harris Electric Vehicle Mandate

    Source: United States House of Representatives – Representative Tracey Mann (Kansas, 1)

    WASHINGTON, D.C. – Today, U.S. Representative Tracey Mann (KS-01) voted to disapprove of the Biden-Harris Administration’s U.S. Environmental Protection Agency’s (EPA) tailpipe emissions rule that requires automobile manufacturers to reduce greenhouse gas emissions and air pollutants by nearly 50% in vehicle fleets modeled in the years 2027 through 2032. Under EPA’s estimation, the rule would require two-thirds of new cars in the United States to be electric by 2032. H.J. Res 136 passed in the U.S. House of Representatives by a vote of 215-191. Rep. Mann, who cosponsors the legislation, released the following statement after the vote:

    “No matter how much the Biden-Harris Administration tries to deny its electric vehicle mandate, the archaic, bureaucratic rules and regulations speak for themselves,” said Rep. Mann. “Under EPA’s rules, automobile manufacturers will be bullied into producing more electric vehicles for the sake of meeting arbitrary quotas and standards set by the federal government. Rather than focus on reducing the record-high energy costs facing American families, the Biden-Harris Administration has again chosen to ignore the facts and focus on its radical climate agenda. Businesses should make production decisions that best meet the demand of consumers, business needs, and objectives, not the demands of Uncle Sam. Kansans who want to buy electric vehicles should be able to buy them because they want to, not because Vice President Harris and President Biden think it’s best.”

    Last week, Rep. Mann rejected EV tax subsidies that could benefit the Chinese Communist Party. In June 2024, Rep. Mann pressed U.S. Secretary of Transportation Pete Buttigieg on the impact of the Biden-Harris Administration’s electric vehicle mandate on the wear and tear of U.S. roads and highways.

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    For more information about Representative Mann, visit: www.mann.house.gov.

     

    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI USA News: FACT SHEET: Biden-⁠ Harris Administration Highlights New Actions to Support Women’s Economic  Security

    Source: The White House

    Today, the Biden-Harris Administration is announcing new resources to support women’s economic security and convening stakeholders to discuss the Biden-Harris Administration’s efforts to ensure that women age with the financial security that they deserve.
     
    Under the leadership of President Biden and Vice President Harris, working age women’s labor force participation is the highest on record, the gender pay gap has narrowed, and the Administration is ensuring that women have access to good jobs and safe workplaces free from discrimination.  Still, women—and women of color in particular—experience workplace inequities throughout their lives, including as a result of discrimination, pay disparities, occupational segregation, and unpaid caregiving responsibilities.  These inequities can add up to millions of dollars lost over the course of a lifetime and contribute to a retirement savings gap between men and women.  While women typically retire with less savings than men, they are also living longer—thereby, experiencing more financial strain as they age.  
     
    The Council of Economic Advisers is releasing a new issue brief on the Economic Security of Older Women highlighting the economic challenges that compound over the course of a woman’s life and underscoring that women are more vulnerable to economic shocks.  The issue brief also highlights Biden-Harris Administration policies that have helped mitigate these challenges and ensure women’s economic security as they age.
     
    Since Day One, President Biden and Vice President Harris have fought to improve women’s economic security and protect and strengthen Social Security, Medicare, and Medicaid—lifelines for millions of women.  From lowering prescription drug costs for millions of seniors through the historic Inflation Reduction Act to issuing new rules to ensure that the financial advice that Americans get for retirement is in their best interest, the Biden-Harris Administration is taking action to support women’s financial security.  The Biden-Harris Administration is also closing gaps in women’s health research, ensuring that women enter retirement more securely, supporting families’ access to care, and protecting women from financial fraud and scams. 
     
    As part of the ongoing efforts to support women’s economic security, the Biden-Harris Administration is announcing the following new actions:
     
    Supporting Employment Training and Housing for Seniors. The Department of Labor (DOL)—through the Senior Community Service Employment Program—is awarding more than $200 million in new grants to support training and employment for older adults.  Through these grants, participants—the majority of whom are women—are connected to jobs, gaining critical workplace skills and a pathway to financial stability.  The Department of Health and Human Services (HHS) is announcing nearly $3 million in funding for the Elder Justice Innovation Grants.  Because traditional emergency housing options often cannot meet the needs of older adults, older women experiencing abuse are often forced to return to unsafe environments; these funds will support emergency and transitional housing tailored to the needs of older women.
     
    Providing New Resources to Help Support Women’s Retirement Security.  HHS is announcing a new guide to services and resources—including tools for retirement planning and financial literacy—to assist women in planning for a healthy financial future in older age.  DOL is publishing resources to assist women navigating challenging retirement scenarios, including a new effort to educate attorneys and advocates on qualified domestic relations orders, a critical step in dividing a couple’s retirement assets in the event of a divorce.  The Department of Treasury is publishing a new issue brief on the unique challenges that many women face in retirement, and how the Biden-Harris Administration’s implementation of the SECURE 2.0 Act—including the Saver’s Match, emergency savings provisions, and expanded coverage for part-time workers—will help mitigate the gender retirement savings gap.  And the Social Security Administration is releasing a new resource for women and their families about how they can better access Social Security benefits and services.  

    Protecting Women’s Earnings and Savings.  The Consumer Protection Financial Bureau (CFPB) is announcing new efforts to help older women—who are more vulnerable to certain financial frauds and scams—protect their hard-earned savings.  Today, the CFPB spotlighted the legal challenges faced by surviving spouses—often women—who may be pursued for their spouse’s medical debt.  Some states have enacted laws making clear that surviving spouses are not responsible for their deceased partners’ debts, and others limit the circumstances in which a surviving spouse is responsible; however, the CFPB has found that debt collectors may try to capitalize on a surviving spouse’s vulnerabilities by attempting to collect their deceased spouse’s unpaid medical bills without real consideration of whether the surviving spouse actually owes the debt.  This follows the CFPB’s proposed rule earlier this year, announced by Vice President Harris, which proposed to remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay.  The CFPB will also release a report on the barriers that older Americans face in banking that financial institutions must work to address, including loss of a spouse, cognitive challenges, and changes in health.  The Equal Employment Opportunity Commission is releasing a new resource highlighting enforcement activities and public education efforts to combat sex and age discrimination.
     
    Today’s announcements build on the Biden-Harris Administration’s actions to help ensure women age with financial security, including—
     
    Lowering Health Care Costs for Women
     
    The President and Vice President believe that health care is a right, not a privilege, and have expanded health care to millions more Americans while lowering health care costs.  The Administration continues to build on, strengthen, and protect Medicare, Medicaid, and the Affordable Care Act and has signed historic new laws to lower prescription drug costs and health insurance premiums.  The President’s prescription drug law, the Inflation Reduction Act, is directly benefiting women with Medicare, including nearly 30 million women enrolled in Medicare Part D.  These actions are especially important for women, who typically face higher health care costs than men and who are more likely than men to take less medication than was prescribed because of cost—with even greater disparities for women of color.  To help address these challenges, the Biden-Harris Administration is:

    • Lowering the Cost of Insulin.  The Administration is delivering on the President’s promise to lower health care costs by capping seniors’ insulin costs at $35 for a month’s supply.  As a result, all 3.4 million Medicare Part D enrollees who filled an insulin prescription in 2023 had their insulin costs capped at $35 per month, saving some seniors hundreds of dollars for a month’s supply and lowering costs for about 733,000 women enrolled in Part D and B.
    • Capping Out-of-Pocket Prescription Drug Costs. Under the President’s leadership, HHS is implementing a $2,000 out-of-pocket cap for prescriptions drugs costs for Medicare Part D enrollees.  In 2025, when the cap goes into effect, nearly 19 million seniors and other beneficiaries are projected to save $400 per year on prescription drugs. 
    • Lowering the Cost of Prescription Drugs. For the first-time ever, the Administration announced new, lower prices for the first ten drugs selected for Medicare drug price negotiations, including for drugs that women disproportionately use.  For example, one of the first 10 drugs is Enbrel—an arthritis treatment; women comprise 72 percent of the enrollees who use Enbrel; a woman with Medicare who takes Enbrel and pays $1,777 today for a 30-day supply would pay only $589 to fill her prescription when the negotiated prices take effect—a 67% decrease in out-of-pocket costs.
    • Lowering the Cost of Health Insurance. Millions of women are saving an average of $800 on health insurance premiums thanks to the Administration’s expansion of the Premium Tax Credit.  This expansion has helped drive health insurance coverage to a record high, while the Affordable Care Act continues to ensure that insurance companies cannot charge women more just because of their gender.

    Supporting Women’s Financial Security

    The Biden-Harris Administration is committed to ensuring that women are supported throughout their working lives—by ensuring access to high-quality jobs, robustly enforcing workplace antidiscrimination laws, and closing gender wage gaps—and as they enter retirement.  The Administration is working to ensure women’s financial security as they age by:

    • Safeguarding Social Security Equity and Efficiency.  Social Security is the bedrock of financial security for American seniors and for millions of Americans with disabilities.  President Biden and Vice President Harris are committed to protecting and strengthening Social Security.  SSA also administers the Supplemental Security Income (SSI) program, which provides monthly payments to people with disabilities and older adults who have little or no income and resources; older women are more likely than older men to rely on SSI, making up 64% of SSI recipients aged 65 or older.  To simplify and increase access for individuals, SSA announced the first phase of an online, streamlined SSI application; published three final rules simplifying how non-monetary support from friends and family is counted; and initiated efforts to expedite decisions for people with severe disabilities.  SSA has also deployed a targeted outreach strategy to ensure that beneficiaries are aware of the benefits SSA pays to widowed and divorced spouses and dependents of eligible workers—a population disproportionately comprised of older women.  To help ensure that all beneficiaries receive the benefits that they are entitled to, SSA is also translating more materials into more languages, improving access to interpretation services, and developed a Limited English Proficiency Toolkit.  The Biden-Harris Administration is fighting to ensure that SSA has the funding they need to continue administering these crucial programs.
    • Protecting Women’s Retirement Savings.  Earlier this year, DOL issued a final rule to close loopholes and ensure that the financial advice that Americans get for retirement is in their best interest.  DOL’s rule will protect the millions of Americans, including millions of women, who are diligently saving for retirement when they rely on advice from trusted professionals on how to invest their savings.  The rule will require trusted investment advice providers to give prudent, loyal, and honest advice, and prevent them from providing recommendations that favor the investment advice providers’ interests—financial or otherwise—at retirement savers’ expense.  These new safeguards will save tens or even hundreds of thousands of dollars per impacted middle-class saver.  The Administration is also implementing the SECURE 2.0 Act, which allows survivors of domestic abuse to elect to receive penalty-free distributions from an employer-sponsored retirement plan. 
    • Providing Housing Security for Vulnerable Women. The Department of Housing and Urban Development continues to support housing for older Americans, including through the Home Equity Conversion Mortgages for Seniors program, which allows seniors to withdraw a portion of their home equity for additional income, and the 202 program, which offers direct loans and capital for the provision of secure and supportive housing facilities for older persons.  These programs—which predominantly support older women— allow senior homeowners to age in place and help expand the supply of affordable housing by providing low-income older Americans with options that allow them to live independently but in an environment that provides support for daily necessities. 

    Supporting Families’ Access to Care

    The Biden-Harris Administration—through implementation of the President’s Care Executive Order—is working to ensure that older women have the support they need as they age as well as to care for the ones they love.  Even as older adults require care, they are also often the ones who provide it.  One in four older women provide some form of unpaid caregiving, and, without training and support, their health, well-being, quality of life, and financial future can suffer.  The Administration is supporting families’ access to care by:

    • Ensuring Safety and Quality Care in Long-Term Care Facilities. Adequate staffing is proven to be one of the measures most strongly associated with safety and good care outcomes.  To ensure safety and quality care, earlier this year, Vice President Harris announced that HHS finalized a rule to require all nursing homes that receive federal funding through Medicare and Medicaid to have 3.48 hours per resident per day of total staffing, including a defined number from both registered nurses and nurse aides.  This means a facility with 100 residents would need at least two or three registered nurses and at least ten or eleven nurse aides as well as two additional nurse staff (which could be registered nurses, licensed professional nurses, or nurse aides) per shift to meet the minimum staffing standards.  Many facilities would need to staff at a higher level based on their residents’ needs.  It will also require facilities to have a registered nurse onsite 24 hours a day, seven days a week, to provide skilled nursing care, which will further improve nursing home safety.   And HHS released a new “know-your-rights” resource for women to ensure that women can access safe and culturally competent health care free from discrimination and with protections to their privacy. 
    • Supporting Family Caregivers. Through the American Rescue Plan, the Administration provided $145 million to help the National Family Caregiver Support Program deliver counseling, training, and short-term relief to family caregivers and other informal care providers.  HHS issued a report documenting actions taken by the Biden-Harris Administration to implement the first-ever National Strategy to Support Family Caregivers; these actions have created new initiatives that directly support family caregivers, strengthened existing programs, and improved coordination across the federal government to improve the lives of family caregivers.  HHS has also taken steps to support family caregivers’ access to training and beneficiary information during the hospital discharge planning process, published the Guiding and Improving Dementia Experience Model to support people living with dementia and their caregivers, and announced new funding opportunities to develop new approaches to support family caregivers.  HHS also published a guide to help older women find programs and services—such as respite care, support groups and individual counseling—to help them maintain their own health and well-being while being a caregiver for others.  And the Department of Veterans Affairs (VA) launched a program to provide mental health counseling services to family caregivers caring for our nation’s heroes.  
    • Investing in Care Infrastructure and Supporting Caregivers and Care Workers. The Administration is committed to raising the wages and quality of care worker jobs, and to investing in care infrastructure. In March 2024, SBA announced new funding opportunities to support small businesses in the child care sector as well as the creation of a child care business development guide, which will provide resources for child care businesses on starting and running a business throughout the business life cycle.  In addition, SBA is launching a lender campaign to highlight the resources SBA has available to support small, minority-owned, and women-owned businesses, including child care businesses, and will discuss additional reforms to support the growth of child care capacity across the country.  The Administration is also taking steps to ensure Service members and military spouses—the vast majority of whom are women—have the support they need to care for themselves and their families while serving our country, including by strengthening hiring and retention of military spouses across the federal government, and expanding access to child care and other employment resources.  And the Department of Labor has published sample employment agreements so domestic home care, child care, and long-term care workers and their employers can help ensure all parties better understand their rights and responsibilities.

    Protecting Women from Financial Fraud and Scams

    The Biden-Harris Administration is working to protect the savings that older Americans have worked their entire lives to build. Each year, Americans over 60-years-old lose billions of dollars to scams.  The Federal Trade Commission (FTC), the Consumer Financial Protection Bureau, and other regulatory agencies are taking action to crack down on frauds and scams that too often target older Americans by—

    • Protecting Older Women from Financial Fraud. FTC is pursuing actions against scammers who target or disproportionately impact older adults in their schemes, including those who conduct prize, sweepstakes, and lottery scams; tech support scams; and family and friend impersonation.  Last year, FTC’s past enforcement efforts resulted in relief of more than $285 million to consumers.
    • Equipping Older Women with Tools and Resources to Protect Against Scams.  FTC chairs the Scams Against Older Adults Advisory Group focused on expanding consumer education and outreach efforts; improving industry training on scam prevention; identifying innovative or high-tech methods to detect and stop scams; it has produced a report on what research shows are effective tactics in scam-prevention messaging.  And the CFPB has released resources to assist older adults—who are disproportionately women—navigate later-in-life challenges, such as resources to navigate critical financial moments after losing a spouse; tools to avoid financial exploitation; and information to help safeguard finances. 

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    MIL OSI USA News –

    September 29, 2024
  • MIL-OSI Europe: EIB at #UNGA79: Strengthening the multilateral system, reinforcing investment in global health and climate finance

    Source: European Investment Bank

    • President Nadia Calviño leads EIB delegation to 79th United Nations General Assembly in New York.
    • The EIB will announce new initiatives on financing global health, and climate.
    • Multilateral Development Banks present latest climate finance effort of $125 billion.

    At the 79th United Nations General Assembly, European Investment Bank (EIB) President Nadia Calviño will join partners and global leaders to present new solutions and innovative financing approaches to tackle global challenges.

    The EIB initiatives include support for women’s health with the Gates Foundation, the launch of new investment plans to strengthen primary healthcare alongside the World Health Organisation (WHO). EIB President Calviño will be accompanied by Vice-Presidents Ambroise Fayolle and Thomas Östros. She will be meeting heads of United Nations agencies, Multilateral Development Banks and leading private sector figures to explore ways of deepening collaboration. 

    President Calviño said: “We are proud to contribute to the UN Summit of the Future to create and scale up solutions for today’s challenges, paving the way for a stronger, more inclusive and connected multilateralism. That’s what we are here to do – with a focus on high-impact investments outside the EU – we are announcing new projects and initiatives alongside our partners to deliver primary health care, women’s health, as well as stepping up finance for  climate action and resilience.” 

    Multilateral Development Banks (MDBs) today announced that their global climate finance reached a record high of $125 billion in 2023. Mobilised global private finance nearly doubled to $101 billion compared to 2022. The combined total climate finance from the MDBs, including the European Investment Bank, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate finance volumes over time at the United Nations Secretary General’s Climate Action Summit.

    Vice-President Ambroise Fayolle, responsible for Climate Action and Just Transition at the EIB, said: “The combined efforts from the world’s Multilateral Development Banks to deliver $125 billion in direct investments last year for climate action sends the strong message that the MDBs are working as a system to deliver and that the global community can count on MDBs, including the EIB, to accelerate global climate action. As the largest multilateral lender for climate action projects, the EIB will continue to support high impact operations such as breakthrough technologies, climate adaptation and a just transition for the most vulnerable to climate change. To make the green transition a success, we must make sure that climate action works for everybody.”

    On 23rd September, Multilateral Banks will also come together in New York on the margins of the United Nations for a high-level roundtable on the new Health Impact Investment Platform for primary healthcare financing co-hosted by the EIB and the World Health Organisation. The roundtable will spotlight country-level action to boost community based health and vaccination. The event will be livestreamed on EIB and WHO channels.

    Vice-President Thomas Östros, responsible for Health financing and Energy said: “Our collective response to the COVID-19 pandemic showed that we can achieve more when we work together. It also highlighted the need for greater collaboration to address current global health challenges and to prepare for potential future emergencies. In the coming days, we will announce new initiatives that I believe will significantly enhance the health of communities worldwide”.                                                        

    EIB at UNGA

    The EIB delegation will be participating in a number of events on the margins  of the 79th General Assembly of the United Nations (UNGA). President Calviño and Vice-President Fayolle will take part in a Project Syndicate event on Climate Finance on Sunday 22nd September which also includes Mia Amor Mottley, Prime Minister of Barbados,  Gabriel Boric, President of Chile, Marina Silva, Minister of Environment and Climate Change of Brazil, Mafalda Duarte, Executive Director of the Green Climate Fund and Mukhtar Babayev, President-Designate of COP29 and Minister of Ecology and Natural Resources of Azerbaijan.

    A fireside chat on 23rd September 11.00 EDT between President Calviño and WHO Director-General Dr.Tedros Ghebreyesus will be livestreamed on UN and EIB channels, as part of the SDG Media Zone events.

    Media interviews

    For interview requests with members of the EIB delegation please get in touch with the .

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance.  EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world. 

    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Europe: Answer to a written question – Supporting young farmers – E-001493/2024(ASW)

    Source: European Parliament

    To attract and sustain young farmers, supporting generational renewal in agriculture, is a high priority under the Common Agricultural Policy (CAP) with a number of tools and interventions available to achieve this objective.

    The legislation requires from Member States to dedicate an amount equal to at least 3% of their national direct payments envelope to supporting young farmers.

    Member States include in their CAP Strategic Plans (CSPs) different tools (called interventions) to encourage and support young people into farming, such as: complementary income support for young farmers; setting-up grants; investment support with higher intensity rates of up to 80%; support for intergenerational exchange.

    The conditions and criteria for support are defined at the national level. The CPSs reflect the different approaches of Member States in providing support to young farmers through the combination of available tools, dedicated resources and prioritisation of support.

    To improve the consistency of EU and national actions, the Member States provide in their CPSs an overview of all (EU and national) interventions and policies related to young farmers.

    Potential new actions at EU level, will be discussed when preparing the legislative proposals that will accompany the proposal for the next Multiannual Financial Framework in 2025.

    According to targets set currently in the Member States’ CPSs, the CAP aims to help around 377 000 young farmers start farming over the 2023-2027 period, with a total budget of EUR 8.5 billion.

    The Commission launched an online dashboard to show the targets set at national level approved in the CSPs, as well as targets at EU level[1].

    • [1] https://agridata.ec.europa.eu/extensions/DataPortal/pmef_indicators.html
    Last updated: 20 September 2024

    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Europe: Cyprus University of Technology gets €125 million in EIB support for campus upgrades

    Source: European Investment Bank

    EIB

    • EIB to help fund construction of student housing as well as renovation of academic, research and sports facilities at Cyprus University of Technology (CUT)
    • CUT campuses in Paphos and Limassol to gain a total of 703 new student residences
    • EIB financing covers 70% of project costs
    • EIB Advisory services also included to improve energy efficiency of infrastructure

    The Cyprus University of Technology (CUT) will benefit from €125 million in European Investment Bank (EIB) loans to build affordable student housing and upgrade campus facilities in the cities of Paphos and Limassol. The EIB funds will ensure that the planned student lodgings are sustainable and affordable and that academic, research and sports facilities meet the highest teaching and environmental standards.

    The EIB funds stem from two financing agreements with CUT totalling €108 million and one funding accord with the municipality of Paphos amounting to €17 million. Part of the financing –

    €89 million – is backed by the InvestEU programme, which marks its first operation in Cyprus. The EIB support will cover 70% of the project’s total cost.

    “Investing in university infrastructure is key to ensuring that Cypriot universities can attract and train talented people and support economic growth, business innovation and social progress in the country,” said EIB Vice-President Kyriacos Kakouris. “A lack of sustainable and affordable housing is a major problem in Cyprus as well as across the EU and one of our priorities is tackling this scarcity. With this new financial support for Cyprus, we are backing up pledges with concrete action.”

    The project will involve the construction and renovation of over 81,000 square metres of academic and administrative space along with the creation of 703 additional living places for students. In Limassol, the upgrades will include a solar-power plant to provide renewable energy, making the campus more energy independent. EIB Advisory Services are also providing technical assistance as part of the agreement to help the CUT maximise energy efficiency in the infrastructure that will be developed.

    “The EIB’s continued strong partnership with Cyprus has resulted in this vital new financing in our education sector,” said Cypriot Finance Minister Makis Keravnos. “This support is of huge significance and is aligned with our goal of accelerating investments for sustainable and affordable housing and energy efficiency.”

    The plans in Paphos offer a signal for Cyprus as a whole.

    “By establishing, operating and managing a student residence, the Municipality of Paphos sets the first example of a local authority in Cyprus responding to a clear social need,” said Paphos Mayor Phedon Phedonos. “Decent housing is a basic requirement to have happy, proud and productive students and it is here that local government needs to show that it listens to what the community needs.”

    CUT echoed the point.

    “A dream we have had for many years has come true,” said CUT Rector Panayiotis Zaphiris.

    “The provision of the necessary student accommodation and other major projects funded by the signing of these loan agreements build a stronger future for our university, especially for our students.”

    CUT Board Chairman Costas Galatariotis added: “Today is the ideal prelude to a new path of development for the Cyprus University of Technology. Our warmest thanks to the EIB and the Republic of Cyprus through the Ministries of Finance and Education, for the trust and support. The impact of this partnership will be extremely important for the University and especially for the progress and well-being of our student community.”

    CUT Student Union President Petros Christodoulou stressed the benefits of the planned new student housing.

    “The high cost of accommodation has become a significant social problem for university students in recent years,” Christodoulou said. “These investments will help the university accommodate the increasing number of students and keep growing.”

    The new loans bring total EIB financing for Cypriot universities and research institutions over the past decade to more than €300 million.

    Previous EIB commitments were to expand and modernise the University of Cyprus in 2014 and 2017, when the bank provided a total of €162 million for the extension and modernisation of the University of Cyprus’s facilities and to create the Faculty of Engineering. Those two financing packages also helped improve energy efficiency and protection against earthquakes.

    Furthermore, the EIB provided €25 million in 2017 for extra space, new equipment and research activities at the Cyprus Institute of Neurology and Genetics.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances sound investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    The EIB Group, which also includes the European Investment Fund (EIF), signed a total of €88 billion in new financing for over 900 projects in 2023. These commitments are expected to mobilise around €320 billion in investment, supporting 400,000 companies and 5.4 million jobs.

    All projects financed by the EIB Group are in line with the Paris Climate Accord. The EIB Group does not fund investments in fossil fuels. We are on track to deliver on our commitment to support  €1 trillion in climate and environmental sustainability investment in the decade to 2030 as pledged in our Climate Bank Roadmap. Over half of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower. This underscores the Bank’s commitment to fostering inclusive growth and the convergence of living standards.

    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
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    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
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    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
    Cyprus University of Technology gets €125 million in EIB support for campus upgrades
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    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Europe: Climate finance by multilateral development banks hits record in 2023

    Source: European Investment Bank

    • Sum for low-and middle-income economies was $74.7 billion, including $24.7 billion for climate change adaptation  
    • MDBs committed record $125 billion last year for climate action worldwide
    • Mobilised global private finance nearly doubled to $101 billion compared to 2022

    Multilateral development banks (MDBs) announced today that their global climate finance reached a record high of $125 billion in 2023. The combined total last year from institutions, including the European Investment Bank, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate volumes over time at the United Nations Secretary General’s Climate Action Summit.

    Low and middle-income economies

    Last year, $74.7 billion of MDB climate finance were for low- and middle-income economies. Of this sum, 67% – or $50 billion – went to climate change mitigation and $24.7 billion, or 33%, for climate change adaptation. The amount of mobilised private finance for this group of countries stood at $28.5 billion.

    High-income economies

    In 2023, $50.3 billion were allocated for high-income economies. Of this amount, $47.3 billion, or 94%, were for climate change mitigation and the remaining $3 billion or 6% were for climate change adaptation. The amount of mobilised private finance for high-income countries stood at $72.7 billion.

    Climate finance in focus at COP29

    Today’s announcement comes in the run-up to the 29th session of the Conference of the Parties (COP 29) to the United Nations Climate Change Conference that will be held in Baku, Azerbaijan in November 2024. One of the key deliverables of COP29 is to increase global climate finance and reach agreement on the new collective quantified goal on climate finance.

    EIB Vice-President Ambroise Fayolle said: “Nearly halfway into the critical decade, we must continue to work hard if we are to keep the Paris Agreement goal of limiting global warming to 1.5ºC within reach. Since 2019, multilateral development banks have increased their collective climate financing year on year, exceeding our joint targets. In addition, we are strengthening our cooperation to maximise impact for people and the planet through coordinated country-level support for a just transition away from fossil fuels and more work on adaptation and disaster risk management. Ahead of COP29, today’s announcement of $125 billion in climate finance sends the strong message that the MDB system is delivering and that the global community can count on MDBs, including the EIB, to accelerate global climate action.”

    The EIB delivered record volumes of $42.1 billion of climate finance in high-income economies and $4 billion for low- and middle-income economies through its specialised development arm EIB Global. The EIB mobilised global private finance of $53 billion.

    Transparent joint reporting on climate finance

    The Joint Report on Multilateral Development Banks’ Climate Finance is an annual collaboration to publish MDBs’ climate finance figures, together with a clear explanation of the methodologies for tracking this finance. The joint report, along with the banks’ independent publication of their own climate finance statistics, is intended to monitor progress in relation to their joint climate finance objectives such as those announced at COP21 and the greater ambition pledged for the post-2020 period.

    The 2023 multilateral development bank report, coordinated and prepared for publishing by the European Investment Bank (EIB), combines data from the African Development Bank (AfDB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the EIB, the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), the New Development Bank (NDB) and the World Bank Group (WBG).

    For an overview of the key figures click here

    Read the report here

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    • In 2019, the EIB’s updated Energy Lending Policy was adopted to end financing to any unabated fossil fuels energy projects, including natural gas, the first MDB to do so.
    • In 2021, the EIB became the first MDB to align its financial activities with the Paris Agreement.
    • Through its Climate Bank Roadmap the EIB Group aims to support €1 trillion of investment in climate action and environmental sustainability through the critical decade, 2021-2030.
    • With a commitment to increase investment in climate action and environmental sustainability to more than 50% of the EIB’s annual lending by 2025 – last year that was exceeded with 60%.

    EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance.  EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world. 

    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Europe: Germany: EIB boosts high-speed internet with €350 million InvestEU-backed loan

    Source: European Investment Bank

    Deutsche Glasfaser

    • EIB loan to fibre broadband provider Deutsche Glasfaser will enable up to 460,000 rural German households to access fibre optic internet.
    • Project builds on company’s existing network and will bring high-speed connections to underserved areas.
    • Loan is backed by the European Union’s InvestEU programme and addresses lack of investment in digital infrastructure in less populated areas.

    The European Investment Bank (EIB) is lending fibre broadband provider Deutsche Glasfaser (DG) €350 million to expand its network in Germany. The project will make high-speed internet available to some 460,000 homes and businesses in rural areas that lack high-capacity broadband.

    The network will provide retail internet services that are as much as 10 gigabits per second (Gbps) – faster than the broadband speed to which most consumers currently have access. The average download speed in most European countries is in the range of 100 megabits per second (Mbps) or below. Fibre optic infrastructure can support much higher bandwidth than traditional copper-based broadband technologies like DSL, VDSL or cable.

    This project benefits from risk sharing under the InvestEU programme of the European Union. It aims to address a lack of investment in high-speed digital infrastructure in less populated areas, where the costs and risks are typically higher for providers.

    “Improving digital services in rural areas will enhance living conditions and make these regions more attractive,” said EIB Vice-President Nicola Beer.  “At the same time, it will safeguard jobs and support both individuals and businesses in reaching their full potential. It makes these regions ‘future-proof’ by accommodating the growing bandwidth demands of modern internet applications – from cloud computing to remote work and education – and emerging technologies like virtual reality and the Internet of Things. Bridging the digital divide between rural areas and urban centres is essential to help rural regions compete more effectively, driving both economic growth and social progress.”

    European Commissioner for the Economy, Paolo Gentiloni, said: “The InvestEU programme is bringing high-speed internet for 460,000 homes and businesses in underserved areas in Germany, in partnership with the European Investment Bank and Deutsche Glasfaser. This investment will help close the digital divide and allow businesses to grow and create jobs. This is a tangible example of a Europe that invests in the future and leaves no one behind.”

    The EIB loan comes on top of a multi-billion-euro financing from commercial banks that DG secured in 2022 and 2024, enabling the company to expand a network currently spanning more than 2 million homes that have the potential to be connected. By the end of 2026, DG aims to make available fibre connections to over 3 million households in Germany, with a longer-term ambition to reach up to 6 million households in the country. The EIB loan has a positive signalling effect for further fundraising.

    ”We are pleased that the EIB is supporting us on our journey to bridge the digital divide in rural parts of Germany,” said DG Chief Executive Officer Andreas Pfisterer, “As the leading fibre player in rural and sub-urban Germany, we are clearly focused on bringing consumers and businesses in these areas to a state-of-the-art fibre network. Our integrated model of retail and wholesale via our open access platform is a key differentiator in the market and is an attractive offer for both the municipality and the citizens.”

    Anna Dimitrova, Chief Financial Officer of DG added: “I would like to thank the EIB for its trust in us and its commitment in pushing digital infrastructure in Germany. The new EIB loan is part of a broader ESG-linked financing package that will fund our projects over the next two plus years. Next to the EIB, our funding is based on a large consortium of banks and financial institutions, with most of them supporting us already for many years, being the fibre to the home pioneer in rural Germany.”

    Germany has been relatively slow in rolling out fibre broadband networks compared to other European countries. Only about 35% of households reached full-fibre connectivity in 2023 as opposed to an average 64% across the EU plus the UK. This project will support the targets of the German Digital Strategy and the European Digital Compass to provide all households with gigabit connectivity by 2030.

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union. It finances sound investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality. The EIB Group, which also includes the European Investment Fund (EIF), signed a total of €88 billion in new financing for over 900 projects in 2023. These commitments are expected to mobilise around €320 billion in investment, supporting 400 000 companies and 5.4 million jobs.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    Deutsche Glasfaser Group is the leading fibre broadband provider in rural and sub-urban Germany. As a FTTH pioneer and industry leader, Deutsche Glasfaser plans, builds and operates open-access fiber networks for private households, businesses and public institutions. The company aims to roll-out fiber networks across the nation, thereby contributing significantly to Germany’s digital transformation. With innovative planning and construction methods, Deutsche Glasfaser is the technology leader for fast and cost-efficient FTTH deployment. Deutsche Glasfaser is backed by the experienced digital infrastructure investors EQT and OMERS.

    Crystal Fibre Rollout
    Germany: EIB boosts high-speed internet with €350 million InvestEU-backed loan
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    Crystal Fibre Rollout
    Germany: EIB boosts high-speed internet with €350 million InvestEU-backed loan
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    MIL OSI Europe News –

    September 29, 2024
  • MIL-OSI Translation: 20.09.2024 Szczecin Szczecin is preparing for every scenario

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Prime Minister Donald Tusk took part in the crisis headquarters in Szczecin, where he received reports on the state of preparations of the West Pomeranian Voivodeship to face the threat of flooding. The Prime Minister addressed words of gratitude to local government officials and services for their invaluable support. He also expressed his appreciation for the Polish women and men who are mobilizing and supporting people affected by the effects of the disaster. Report from Szczecin The last few years and days have shown that we must be prepared for every scenario. In the West Pomeranian Voivodeship, preparations for the arrival of the wave have been underway for several days. “We greatly appreciate that you are prepared for every scenario. Fortunately, there is no indication that this was a worst-case scenario,” said the head of government in Szczecin. The services are focused on protecting the population and their property from the great flood. West Pomerania helps flood victims The Prime Minister thanked local government officials and services from the West Pomeranian Voivodeship for their help in the post-flood areas in southern Poland. “I want to start by thanking you for your solidarity. […] When I heard your reports from the fire department, from the army, about where you are, how you are helping, I want to tell you that people there really appreciate it and have been waiting for it,” expressed his gratitude Donald Tusk. Soldiers from the West Pomeranian Voivodeship and the surrounding areas are helping people in the most critical places affected by the flood, e.g. in Stronie Śląskie, Lądek-Zdrój or Brzeg. “The situation there is still critical. We would all very much like to protect Brzeg from flooding, and your presence is very practical help that gives a lot of encouragement to the residents,” said the Prime Minister during the crisis team. The government, local governments, services, non-governmental organizations, companies and citizens are working for the benefit of people who suffered in connection with the flood. The Prime Minister emphasized how important bromea con support is. He added that one of the first needs of flood victims is to dry out buildings, and for this purpose dehumidifiers are needed. He also asked for support in the field of construction supervision. “Seven inspectors have already been selected and will go. […] We are collecting a few more applications and, to the extent possible, we will send construction inspectors to the south,” said Adam Rudawski, West Pomeranian Voivode. He also declared help in the matter of delivering the necessary equipment to places affected by the flood.

    MILES AXIS

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

    MIL Translation OSI

    September 29, 2024
  • MIL-OSI Banking: WTO-FIFA “Partenariat pour le Coton” initiative kicks off national consultations in Benin

    Source: WTO

    Headline: WTO-FIFA “Partenariat pour le Coton” initiative kicks off national consultations in Benin

    The “Partenariat pour le Coton” initiative, launched in February 2024 following the signing of the WTO-FIFA Memorandum of Understanding (MoU) in 2022, brings together public and private sector partners to support the C-4 plus countries in moving up the cotton value chain and ensuring greater benefits for these nations.
    The launch event for the programme featured experts from partner organizations, such as the WTO, the UN Industrial Development Organization, Better Cotton, Gherzi, a textile management consulting company, and the UN Resident Coordinator’s Office in Benin. Following the launch, the first national consultation session for Benin took place, focusing on key challenges related to technology, employment, sustainability and productivity enhancement across the cotton value chain.
    Financial partners were engaged to identify potential areas of interest, paving the way for future investment projects aligned with Benin’s national priorities. The session also emphasized sustainable development and the importance of enhanced cooperation between partners and the C4 plus governments in upcoming consultations.
    Participants highlighted the significance of the upcoming World Cotton Day celebrations on 7 October, to be held in Cotonou. Taking place for the first time on African soil, the event will provide a critical platform to strengthen partnerships and map out the future direction of the cotton industry.
    Stephen Fevrier, Senior Advisor to the WTO Director-General, lauded the successful launch of the national consultation process. He said: “Since taking office, Director-General Ngozi Okonjo-Iweala has been committed to supporting African cotton-producing countries, in particular the C-4. It is encouraging to see the progress being made by the WTO-led Partenariat pour le Coton to spotlight opportunities in the cotton sector and generate the resources needed to increase the value and contribution of the sector to development in the C-4.”

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    MIL OSI Global Banks –

    September 29, 2024
  • MIL-OSI Banking: WTO members seek fresh momentum for agriculture talks

    Source: WTO

    Headline: WTO members seek fresh momentum for agriculture talks

    Summarizing his informal consultations with members last week, the Chair of the negotiations, Ambassador Alparslan Acarsoy of Türkiye, highlighted a recurring emphasis on the need to rebuild trust among members.
    The Chair highlighted a widespread desire to resume negotiations as soon as possible and to focus on substance, with the goal of initiating text-based talks early enough before the 14th Ministerial Conference (MC14).
    There was a suggestion, he noted, to enhance political leadership by convening periodic negotiation meetings at the Head-of-Delegation level to review progress and to involve senior officials in addressing particularly intractable issues.
    Regarding the procedural steps forward, the Chair outlined two suggestions from the consulted members. One option is to establish informal small groups on various topics, each led by key proponents. The second option is for the Chair to appoint facilitators to lead such thematic negotiations.
    Other recommendations included setting milestones in the lead-up to MC14, adopting a comprehensive approach in the negotiations, and considering the relevance of past mandates when defining priorities.
    Members welcomed the Chair’s efforts to advance the negotiations and shared their views on the way forward. Members emphasized the importance of inclusiveness and transparency and the central role of the Committee on Agriculture in Special Session as the primary forum for negotiations.
    Questions were raised about the possible structure of the suggested thematic working group discussions. Some members called for pragmatic interest-based discussions, while others emphasized the need to honour past mandates or underscored the need for a balanced and realistic approach across the board.
    Several members also called for fresh perspectives. They noted the quality of the discussions held on agriculture during the Public Forum and the workshop organized by the WTO in early July and suggested convening additional seminars to introduce new insights into the negotiations.
    The African Group and the Cairns Group informed delegates that their bilateral meetings, which resumed after the summer break, have been conducted on a weekly basis. These technical-level discussions aim to find common ground and to draft modalities across all topics, in particular domestic support and public stockholding for food security purposes. They stressed the willingness of participants to engage constructively and expressed the hope that a joint proposal will be submitted to the committee for consideration in the near future.
    The Chair encouraged members to engage in substantive discussions on specific topics. He cited the ongoing collaboration between the African Group and the Cairns Group as a positive example.
    On the same day, members also participated in discussions at dedicated sessions on public stockholding and the Special Safeguard Mechanism.
    Brazil’s new submission on sustainable agriculture
    Brazil presented its submission titled “Dialogue on sustainable agriculture in the multilateral trading system” (JOB/AG/261), also circulated to the General Council and other WTO bodies in July. Brazil emphasized the urgent need to address more forcefully in the WTO critical sustainability challenges, with a view to ensuring WTO disciplines better support a more sustainable and resilient food and agriculture system, while not creating unnecessary trade restrictions, distortions or discrimination, and not weakening the fight against hunger and poverty.
    The submission noted the cross-cutting nature of this issue across various committees and called for the General Council to take the lead with a retreat on the topic in the second half of 2024, followed by a report on progress made at a senior officials’ meeting on agriculture in the second half of 2025.
    Members welcomed Brazil’s initiative and agreed that sustainability is a critical component of agricultural reform. Many expressed a willingness to engage in thematic discussions and participate in the proposed retreat. Members also suggested specific topics for further deliberation, including technology transfer, climate-smart agriculture, precision farming, and trade-restrictive measures implemented under the guise of environmental protection.
    Several members stressed the need to address jointly the environmental, economic and social dimensions of sustainability, encompassing food security and the livelihood of small farmers.

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    MIL OSI Global Banks –

    September 29, 2024
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