Category: Business

  • MIL-OSI USA: California Businessman Pleads Guilty in Federal Court to Orchestrating $14 Million Covid-Relief Fraud

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    A California businessman has pleaded guilty to a federal fraud charge for fraudulently obtaining more than $14 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

    DARREN CARLYLE SADLER participated in a scheme to fraudulently apply for loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide financial relief for small businesses during the Covid-19 pandemic.  A PPP loan allowed for the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll.  Sadler admitted in a plea agreement that in 2020 he submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. The applications falsely represented the number of employees, if any, and the average monthly payroll of the purported businesses.  The false applications resulted in the issuance of more than $14 million in loan funds to Sadler and his clients.  Sadler also received more than $1.9 million in fees from clients for fraudulently obtaining the loans on their behalf.

    Sadler used the fraud proceeds to rent a villa for several months during the pandemic and to travel across the country on private jets to meet clients at bank branches to secure fund transfers. He also purchased luxury vehicles, including a Rolls Royce, multiple Mercedes-Benzes, and a Land Rover, and purchased designer clothing, a luxury watch, and numerous meals at expensive restaurants.

    Sadler, 38, of Costa Mesa, Calif., pleaded guilty on Monday to a federal wire fraud charge, which is punishable by up to 20 years in federal prison.  U.S. District Judge Thomas M. Durkin has not yet set a sentencing date.

    The guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The investigation was worked jointly with the U.S. Small Business Administration Office of Inspector General and the U.S. Postal Inspection Service.  The government is represented by Assistant U.S. Attorney Kartik K. Raman.

    sadler_plea_agreement.pdf

    Related programs: Pandemic Oversight, PPP

    MIL OSI USA News

  • MIL-OSI United Nations: New Permanent Observer of the Pan African Intergovernmental Agency for Water and Sanitation for Africa Presents Letter of Nomination to the Director-General of the United Nations Office at Geneva

    Source: United Nations – Geneva

    Avnija Nasufoski, the new Permanent Observer of the Pan African Intergovernmental Agency for Water and Sanitation for Africa to the United Nations Office at Geneva, today presented his letter of nomination to Tatiana Valovaya, the Director-General of the United Nations Office at Geneva.

    Mr. Nasufoski brings with him years of experience in leadership roles in the private sector.  He is the founder and Chief Executive Officer of two companies: “California Fitness Products”, which develops nutritional supplements; and “Planète Constructions”, which operates in the fields of construction, logistics, energy, sanitation, and water treatment.

    He is also a member of the “DHK Group”, a global company that specialises in construction, engineering, machinery, waste treatment and recovery, and waste energy.

    Within the Pan African Intergovernmental Agency for Water and Sanitation for Africa, Mr. Nasufoski is responsible for mobilising partnerships and resources with the African Union, promoting research on new technologies, capacity building, and implementation of Member States’ projects and programmes.

    The Agency has Observer status in the United Nations General Assembly and cooperates on water and sanitation issues.

    __________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    CR.25.023E

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected counterfeit goods worth over $72 million in “Ocean Shield” operation (with photos)

    Source: Hong Kong Government special administrative region – 4

    Hong Kong Customs conducted a four-week enforcement operation codenamed “Ocean Shield” from May 28 to June 27 to combat counterfeit and infringing goods activities involving cross-boundary transshipments by sea cargo and local deliveries. During the operation, Customs detected 36 related cases and seized about 157 000 items of suspected counterfeit goods with a total estimated market value of over $72 million.

    Through intelligence analysis and detailed investigations, Customs detected a number of related cases at various local logistics companies. Customs officers identified and carried out strike-and-search operations at about 30 logistics companies in Kwai Chung, Tin Shui Wai, Tsuen Wan, Tsing Yi and Yuen Long. About 154 000 items of suspected counterfeit goods, including watches, mobile phone accessories, glasses, clothes and footwear, with a total estimated market value of about $70 million, were seized.

    After follow-up investigations, Customs believed that some of the seized suspected counterfeit goods would have been sold locally while the rest would have been re-exported to overseas destinations. Customs officers therefore organised controlled delivery operations in respect of two batches of seized items. On June 6, a 45-year-old male consignee was arrested at a retail shop in Mong Kok, and about 20 suspected counterfeit wireless headphones and speakers with an estimated value of about $32,000 were discovered inside the shop.

    Later, on June 18, Customs officers seized about 300 suspected counterfeit wireless headphones and speakers, with an estimated market value of about $1.2 million, in an industrial building unit in Kwai Chung. A 53-year-old female staff member, a 42-year-old male director and a 43-year-old female director were arrested.

    Investigations of the above-mentioned cases are ongoing. All arrested persons have been released on bail pending further investigation.

    Customs appeals to consumers to purchase goods at reputable shops or websites to avoid buying counterfeit or infringing goods. Practitioners in the logistics industry should also comply with the requirements of the Trade Descriptions Ordinance (TDO) and to check with the trademark owners or authorised agents if the authenticity of a product is in doubt. Traders should also be cautious and prudent in merchandising since selling counterfeit goods is a serious crime, and offenders are liable to criminal sanctions.

    Customs will continue to step up inspections and conduct intelligence-led enforcement actions to vigorously combat different types of counterfeit and infringing goods activities.

    Under the TDO, any person who imports or exports, or sells or possesses for sale any goods to which a forged trademark is applied commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

    Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News

  • MIL-OSI USA: IAM Union: GOP Sells Out Workers in Favor of Billionaires with Passage of ‘Big Ugly Bill’

    Source: US GOIAM Union

    WASHINGTON, July 3, 2025 – Brian Bryant, International President of the 600,000-member IAM Union (International Association of Machinists and Aerospace Workers) issued a statement that strongly condemns the passage of the GOP’s “Big Ugly Bill,” calling it a blatant attack on working families and a giveaway to billionaires and multinational corporations: 

    “We can’t remember the last time Senators and Congress held the floor for hours to fight for workers and their families. Instead, GOP leadership has once again shown who they truly represent: billionaires and U.S. multinationals that offshore jobs and gut domestic industries.

    “This legislation that narrowly passed along party lines, fails to offer any meaningful investment in domestic manufacturing, infrastructure, or human capital. Instead, it slashes taxes for corporations and the wealthy while gutting programs critical to working-class communities.

    “Any real tax reform should strengthen American jobs, not encourage companies to move production overseas. This bill does the opposite, and working families will foot the bill. 

    “IAM members nationwide are sounding the alarm over deep cuts to Medicaid and public health funding. When local hospitals and clinics shut their doors or slash services, it hurts everyone. Even union members with strong healthcare benefits lose access to timely, critical care when the surrounding healthcare infrastructure collapses.

    “The IAM will work hard during the midterm elections to educate and engage in meaningful conversations to empower our communities. We will continue to fight on Capitol Hill to protect the foundations of America’s working communities and support legislation that prioritizes people, not profits.”

    The IAM Union (International Association of Machinists and Aerospace Workers) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, shipbuilding, railroad, transit, healthcare, automotive, and other industries across the United States and Canada.

    goIAM.org | @IAM_Union

    The post IAM Union: GOP Sells Out Workers in Favor of Billionaires with Passage of ‘Big Ugly Bill’ appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI USA: IAM Union: GOP Sells Out Workers in Favor of Billionaires with Passage of ‘Big Ugly Bill’

    Source: US GOIAM Union

    WASHINGTON, July 3, 2025 – Brian Bryant, International President of the 600,000-member IAM Union (International Association of Machinists and Aerospace Workers) issued a statement that strongly condemns the passage of the GOP’s “Big Ugly Bill,” calling it a blatant attack on working families and a giveaway to billionaires and multinational corporations: 

    “We can’t remember the last time Senators and Congress held the floor for hours to fight for workers and their families. Instead, GOP leadership has once again shown who they truly represent: billionaires and U.S. multinationals that offshore jobs and gut domestic industries.

    “This legislation that narrowly passed along party lines, fails to offer any meaningful investment in domestic manufacturing, infrastructure, or human capital. Instead, it slashes taxes for corporations and the wealthy while gutting programs critical to working-class communities.

    “Any real tax reform should strengthen American jobs, not encourage companies to move production overseas. This bill does the opposite, and working families will foot the bill. 

    “IAM members nationwide are sounding the alarm over deep cuts to Medicaid and public health funding. When local hospitals and clinics shut their doors or slash services, it hurts everyone. Even union members with strong healthcare benefits lose access to timely, critical care when the surrounding healthcare infrastructure collapses.

    “The IAM will work hard during the midterm elections to educate and engage in meaningful conversations to empower our communities. We will continue to fight on Capitol Hill to protect the foundations of America’s working communities and support legislation that prioritizes people, not profits.”

    The IAM Union (International Association of Machinists and Aerospace Workers) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, shipbuilding, railroad, transit, healthcare, automotive, and other industries across the United States and Canada.

    goIAM.org | @IAM_Union

    The post IAM Union: GOP Sells Out Workers in Favor of Billionaires with Passage of ‘Big Ugly Bill’ appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI Europe: Sweden: Europe’s fight against plastic pollution gets boost as EIB backs Swedish innovation packaging company PulPac

    Source: European Investment Bank

    Unsplash

    • EIB lends Swedish sustainable-packaging company PulPac €20 million to advance alternatives to single-use plastics
    • Funding is to scale fibre-based technology that company sell internationally
    • Operation supports EU’s green goals

    The European Investment Bank (EIB) is lending €20 million (around 220 million Swedish kronor) to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialisation of a fibre-based technology developed by PulPac as an alternative to single-use plastics.

    Gothenburg-based PulPac is scaling up its patented Dry Molded Fiber technology, which produces rigid packaging from renewable cellulose fibre. The technology represents a disruptive improvement over traditional wet molding — currently the dominant method for fibre-based packaging — by enabling faster production with significantly lower environmental impact.

    The company will focus on food and retail applications, including coffee cup lids, plates, cutlery, bottles, fashion hangers, and pharmaceutical packaging.

    The European Union is working to reduce plastic pollution as part of a global effort to protect the environment — particularly marine ecosystems, wildlife, and human health. As part of this initiative, the EU has banned the sale of ten single-use plastic items, including plates, cutlery, straws, and cotton buds, and is actively promoting environmentally friendly alternatives.

    “By supporting PulPac, we are backing an innovative and scalable solution that can make a real difference in the global effort to reduce plastic waste and accelerate the green transition,” said EIB Vice-President Thomas Östros. “This financing underlines the EU’s commitment to supporting next-generation technologies with global potential.”

    The EIB financing for PulPac is structured as a venture debt loan – a form of growth financing tailored to innovative companies. It is provided under the InvestEU programme, which supports the EU’s green transition and efforts to spur innovation, industrial resilience and sustainable economic growth.

    “We are honoured by the EIB’s backing and its recognition of Dry Molded Fiber as a core part of the shift towards sustainable packaging,” said PulPac Chairman Niclas Möller. “This partnership is both a financial milestone and a strong validation of our strategy to build a global licensing platform for fibre-based alternatives to plastic.”

    The investment will accelerate PulPac’s research and development over a five-year period (2025–2029), with a focus on next-generation food service and retail packaging. The project aims to enhance material efficiency, improve product performance, and increase cost competitiveness, while supporting the global scale-up of Dry Molded Fiber through PulPac’s licensing-based business model.

    “The EIB has shown great flexibility in tailoring a financial structure that supports industrial innovation,” said PulPac Chief Financial Officer Roderick Sundell. “With this support, we can scale faster, expand our technology portfolio and bring cost-efficient, sustainable packaging to global markets.”

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, the EIB finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, the capital markets union and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in the organisation’s Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.   

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the EU is directed towards cohesion regions, where per capita income is lower than the EU average. 

    High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

    The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, 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 deployed through implementing 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.

    PulPac

    PulPac is the home of Dry Molded Fiber – a resource-efficient fibre-forming technology that transforms cellulose fibres into responsible packaging with minimal environmental impact. By making our cutting-edge technology accessible worldwide, we enable brands and manufacturers to meet growing market demands for eco-friendly packaging. As a leader in fibre-forming innovation, PulPac is building an ecosystem of industry partners and licensees, helping drive the shift toward a circular economy and making sustainability a standard across the globe. 

    MIL OSI Europe News

  • MIL-OSI: RIB Software Recognized as a Leader for Construction Management Software by Independent Research Firm

    Source: GlobeNewswire (MIL-OSI)

    Stuttgart, Germany, July 03, 2025 (GLOBE NEWSWIRE) — STUTTGART, July 3, 2025 – RIB Software, a key provider of construction and BIM software to customers in the AEC industry since its inception in 1961, has been named a Leader in the prestigious 2025 Verdantix Green Quadrant for Construction Management Software (CMS). Recognized for driving innovation and delivering real impact for customers, RIB stands at the forefront of the Leader Quadrant alongside industry players like Autodesk and Procore, but with a distinct focus on solving challenges that matter most to today’s construction professionals.

    The Verdantix Green Quadrant is an independent, evidence-based benchmarking report that evaluates 12 of the world’s most prominent CMS vendors. Based on the proprietary Verdantix Green Quadrant methodology, the evaluation comprised two-and-a-half-hour live product demonstrations with pre-set scenarios, desk research and vendor responses to an 83-point questionnaire covering four technical, five functional and eight market momentum categories. RIB’s inclusion in the Leader quadrant was driven by its strong performance across both product capabilities and market momentum—a reflection of its commitment to helping construction teams build smarter, safer, and more sustainably.

    “This recognition validates our continued efforts to deliver forward-thinking, end-to-end solutions that empower the entire construction value chain from owners, to general contractors and subcontractors, at every stage of a project,” said RIB Software CEO, René Wolf. 

    “It also highlights our unique ability to understand our customers’ real-world challenges and translate them into innovative software solutions that bridge process gaps, drive greater efficiency and sustainability, and enable more transparent, collaborative ways of working. The result is projects that are delivered with stronger margins, higher quality, and greater confidence.”

    Key strengths highlighted in the report include:

    • Robust health and safety compliance functionality
    • Strong field operations and mobile capabilities
    • An extensive solution suite that offers a comprehensive one-stop shop CMS 
    • A clear roadmap for AI, analytics, and 6D BIM innovation

    According to Verdantix, the construction industry is under increasing pressure to overcome productivity challenges, regulatory shifts, and the need for seamless data continuity. RIB’s platform stands out for its ability to unify these complex demands through advanced analytics, mobile-first design, and scalable architecture tailored to diverse project needs.

    This achievement underscores RIB’s position as a strategic technology partner for the global construction industry, driving digital excellence and supporting a safer, more efficient built environment.

    “This recognition from Verdantix reinforces our commitment to raising the bar in compliance and safety across the industry,” Wolf concludes. “We’re proud to lead in this area, helping our customers proactively manage risk, stay ahead of evolving regulations, and achieve measurable sustainability outcomes. But we see this as just the beginning. AI is the next frontier in construction technology, and we’re fully committed to bringing its potential to life for our customers. Our goal is to be the leading AI partner in AEC, delivering intelligent, connected solutions that truly transform how projects are planned, built, and delivered.” 

    About RIB Software

    Driven by transformative digital technologies and trends, RIB is committed to propelling the industry forward and making engineering and construction more efficient and sustainable.

    Throughout its 60+ year history, the business has expanded its global footprint to incorporate more than 550,000 users and 2,300 talents, with the vision of transforming the operation into a worldwide powerhouse and providing innovative software solutions to its core markets.

    Managing the entire project lifecycle, from planning and construction, to operation and maintenance, RIB connects people, processes and data in innovative ways to ensure its customers always complete projects within budget, on time and to high quality, while reducing their carbon footprints. 

    RIB Software is a proud Schneider Electric company. 

    For more information, please visit: www.rib-software.com.

    About Verdantix

    Verdantix is an independent research and advisory firm that serves a global client base consisting of the world’s most innovative corporations, technology and services vendors, and investors. Our insights and analysis form a foundation of the most granular data available in the marketplaces we serve. This allows us to make highly accurate far-reaching forecasts and big-picture predictions that business leaders depend on when they are setting out to reach their most important goals. verdantix.com

    Media Contact

    Kim Immelman

    Global Marketing Leader

    kim.immelman@rib-software.com 

    Attachment

    The MIL Network

  • MIL-OSI Europe: Written question – Commission’s assessment of illegal charges relating to the Takata recall in Cyprus – P-002619/2025

    Source: European Parliament

    Priority question for written answer  P-002619/2025
    to the Commission
    Rule 144
    Giorgos Georgiou (The Left)

    In his reply (P-001974/2025[1]) of 26 June 2025, Commission Vice-President Séjourné underlines that Regulation (EU) 2023/988 on general product safety reinforces and introduces new and more stringent obligations for economic operators on, inter alia, product safety recalls and the right of consumers to cost-free, timely and effective remedies.

    However, in our question of 16 May 2025 we made clear reference to recorded infringements committed by two representatives of manufacturing companies, who were indirectly passing on the cost of repairs by charging for mandatory diagnostic tests prior to replacement.

    What is the state of play as regards the assessment of compliance with EU legislation and the structured dialogue with the Republic of Cyprus referred to by the Commission?

    Submitted: 30.6.2025

    • [1] https://www.europarl.europa.eu/doceo/document/P-10-2025-001974-ASW_EN.html
    Last updated: 3 July 2025

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the draft Commission regulation on Commission Implementing Regulation (EU) 2025/1093 of 22 May 2025 laying down rules for the application of Regulation (EU) 2023/1115 of the European Parliament and of the Council as regards a list of countries that present a low or high risk of producing relevant commodities for which the relevant products do not comply with Article 3, point (a) – B10-0321/2025

    Source: European Parliament

    B10‑0321/2025

    European Parliament resolution on the draft Commission regulation on Commission Implementing Regulation (EU) 2025/1093 of 22 May 2025 laying down rules for the application of Regulation (EU) 2023/1115 of the European Parliament and of the Council as regards a list of countries that present a low or high risk of producing relevant commodities for which the relevant products do not comply with Article 3, point (a)

    (2025/2739(RPS))

    The European Parliament,

     having regard to Commission Implementing Regulation (EU) 2025/1093 of 22 May 2025 laying down rules for the application of Regulation (EU) 2023/1115 of the European Parliament and of the Council as regards a list of countries that present a low or high risk of producing relevant commodities for which the relevant products do not comply with Article 3, point (a)[1],

     having regard to Regulation (EU) 2023/1115 of the European Parliament and of the Council of 31 May 2023 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010[2], and in particular Article 29(2) thereof,

     having regard to Article 11 of Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers[3],

     having regard to Rule 115(2) and (3) of its Rules of Procedure,

     having regard to the motion for a resolution of the Committee on the Environment, Climate and Food Safety,

     having regard to the plenary vote of the European Parliament of 14 November 2024 on the Regulation amending Regulation (EU) 2023/1115 as regards provisions relating to the date of application;

    Concerns about data quality and methodological robustness,

    A. whereas the proposed risk categorisation of countries under Regulation (EU) 2023/1115 does not accurately reflect the current realities in the countries concerned, as it is based on outdated data and fails to incorporate all relevant and available risk indicators;

    B. whereas Commission Implementing Regulation (EU) 2025/1093 does not accurately reflect realities in the countries concerned as it fails to consider key real-world factors, most notably current land-use dynamics and forest degradation; whereas recognising degradation as a risk factor would result in certain Member States being placed in higher risk categories, thereby challenging the assumption that supply chains within the Union are automatically low-risk[4];

    C. whereas key developments in governance, deforestation trends, and enforcement mechanisms that have occurred since 31 December 2020, which is the cut-off date referred to in Article 2 of Regulation (EU) 2023/1115, are not adequately reflected in the methodology;

    D. whereas the data relied on for the risk categorisation are primarily derived from the Global Forest Resources Assessment carried out by the Food and Agricultural Organization of the United Nations, with the latest full-cycle country submissions predating 2020, and therefore such data do not adequately or fairly represent the recent national efforts to prevent deforestation, updated land-use policies, real-time satellite monitoring improvements and the latest deforestation trends in several countries[5];

    E. whereas the methodology for the risk categorisation of countries lacks transparency in relation to how various risk factors are weighted and does not account for regional variability within countries; whereas this raises serious concerns about the fairness and credibility of the classification methodology;

    F. whereas the methodology for the risk categorisation of countries is flawed because it focuses primarily on aggregate historical deforestation rates and this approach disregards the multidimensional nature of deforestation risk, failing to consider the full scope of indicators set out in Article 29 of Regulation (EU) 2023/1115;

    G. whereas the approach underlying the current methodology established in Regulation (EU) 2023/1115 does not provide sufficient flexibility to accommodate timely updates, thereby creating significant market uncertainty and potential volatility;

    H. whereas, without a clearly defined mechanism for regular and transparent reassessment, the classification of countries in risk categories becoming misaligned with evolving conditions, thereby undermining both the effectiveness of Regulation (EU) 2023/1115 and the functioning of global commodity markets;

    I. whereas the absence of clear pathways for countries to have their risk categorisation changed through demonstrable progress undermines the role of Regulation (EU) 2023/1115 as a positive incentive mechanism and limits its potential to drive sustainable transformation on the ground;

    Analysis of challenges in the first risk category of countries (the ‘category low risk’)

    J. whereas the criterion of net forest loss between 2015 and 2020, used to determine the category low risk referred to in Article 29(1), point (b), of Regulation (EU) 2023/1115, considers total forest area loss rather than deforestation as narrowly defined under that Regulation, thereby including areas of temporary forest cover change or forest management not associated with land-use conversion, which undermines methodological consistency and legal certainty;

    K. whereas the methodology for the for the risk categorisation of countries introduces a relative threshold of 0,2 % annual forest area loss, and an absolute threshold of 70 000 hectares of annual forest loss, without providing a clear rationale for those specific values; whereas it is noteworthy that certain high-deforestation countries, such as the United States, fall just below the absolute threshold, raising questions about the objectivity and robustness of the chosen benchmarks;

    L. whereas the assessment of deforestation risk based on the expansion of cropland areas used for relevant commodities, as defined in Article 2, point (1), of Regulation (EU) 2023/1115, and the scale of livestock and wood production lacks precision; whereas the inclusion of overall wood production as a proxy for deforestation risks is methodologically questionable, as it conflates lawful forestry activities with deforestation driven by land-use change;

    Lack of granularity and context sensitivity

    M. whereas the current system of having only three risk categories is insufficient to adequately differentiate between countries with vastly different levels of deforestation risk;

    N. whereas the lack of a nuanced approach could undermine the incentive for more ambitious governments to take further action, as it effectively penalises progress and fails to recognise meaningful efforts to combat deforestation;

    O. whereas the Commission should address the methodological shortcomings of the current tripartite classification system by considering the introduction of a fourth risk category — ‘negligible risk’ — to reflect the reality that in certain countries or regions, the risk of deforestation or forest degradation is effectively negligible due to robust legal frameworks, low land-use change dynamics and sustainable land management practices;

    P. whereas the current system risks oversimplifying deforestation risk by granting the status to countries based on outdated data or national averages, which could create a false sense of security and potentially reduce the due diligence obligation for products originating from areas where illegal deforestation persists;

    Q. whereas, although the current data have shown a localised increase in deforestation in certain regions of the globe, such developments underscore the need for a granular, region-specific monitoring rather than static national risk classifications, which pose a risk of mischaracterising the overall trend and of ignoring regional progress or setbacks;

    R. whereas credible research and long-term studies, such as ‘Deforestation in the Amazon: Past, Present and Future’[6] published by the Amazon Network of Georeferenced Socio-Environmental Information in 2023, demonstrate the complexity and variability of deforestation dynamics driven by political cycles, enforcement levels, and local socio-economic conditions, and therefore support the need for a more adaptive, context-sensitive approach rather than rigid country benchmarks;

    S. whereas the current risk classification model fails to account for the volatility of global commodity markets, where price fluctuations, trade dynamics, and demand shifts can rapidly alter deforestation pressures;

    T. whereas the risk classification should also allow for the creation of a regulated compensation mechanism, applicable exclusively outside of primary or high-biodiversity areas;

    Concerns about fairness, legitimacy and global engagement

    U. whereas the current country benchmarking system may disincentivise cooperation and data sharing by countries producing relevant commodities, particularly if they perceive the risk categorisation of countries as unfair or politically motivated; whereas fostering mutual trust and engagement requires a fair, evidence-based and collaborative approach that encourages transparency and accountability rather than punitive labelling;

    V. whereas environmental and civil society organisations from countries producing relevant commodities have raised concerns about the lack of inclusive consultation in the development of the country benchmarking system, highlighting the importance of participatory processes that involve indigenous communities, local stakeholders, and regional authorities;

    1. Considers that Implementing Regulation (EU) 2025/1093 exceeds the implementing powers provided for in Regulation (EU) 2023/1115;

    2. Calls on the Commission to repeal Implementing Regulation (EU) 2025/1093;

    3. Calls on the Commission to revise the country benchmarking system to ensure it is based on up-to-date data, allows for regional differentiation, and includes transparent weighting of risk indicators;

    4. Urges the Commission to establish clear, time-bound, and transparent procedures for reassessing risk categorisation of countries regularly based on measurable progress and updated scientific data;

    5. Stresses the importance of engaging with countries producing relevant commodities and stakeholders through inclusive and participatory processes, and of providing support for forest governance reforms and traceability systems;

    6. Calls for complementary measures, such as forest partnerships, technical assistance, and fair trade incentives, to accompany the benchmarking process and promote sustainable transformation in commodity-producing regions;

    7. Instructs its President to forward this resolution to the Council and the Commission, and to the governments and parliaments of the Member States.

     

    MIL OSI Europe News

  • MIL-OSI Europe: Kenya’s largest hospital gets EIB Global support to bolster and green its energy supply

    Source: European Investment Bank

    EIB

    The European Investment Bank’s development arm (EIB Global) will help Kenya’s largest hospital expand and green its energy supply. EIB Global will advise Kenyatta National Hospital in Nairobi on the installation of a solar-power system.

    The goal of the project is to meet growing demand for electricity at the hospital while increasing its energy independence and reducing its carbon footprint.

    EIB Global will offer the assistance in partnership with German development agency (GIZ) through a grant of 7.3 million Kenyan shillings (€50,000) from a multi-donor initiative run by the World Bank and EIB for cities – the Cities Climate Finance Gap Fund. The support will cover technical studies and a financial assessment regarding the planned installation of the photovoltaic (PV) system.

    The hospital, which is also the largest public health centre in East Africa, has a capacity of 2,400 beds and serves about 2 million patients annually. High grid costs in Kenya are straining the budget of the hospital and power outages are forcing it to rely on diesel generators that meet only about 65% of demand, leaving critically ill patients at risk.

    “Our goal is a climate smart future,” said EIB Regional Hub for East Africa Head Edward Claessen.  “We are committed to supporting Kenyatta National Hospital in its transition to green electricity. The forthcoming technical studies will lay the ground for successful implementation of the PV system.”

    Under the support agreement, GIZ experts will carry out the technical and financial evaluations for implementation and maintenance of the solar-power system.

    Kenyatta National Hospital intends to direct savings on energy bills resulting from the planned PV system to areas such as purchasing medical supplies, hiring more staff and upgrading facilities.

    “We are grateful to the European Investment Bank, GIZ and the City Climate Finance Gap Fund for their support through this technical assistance programme,” said Kenyatta National Hospital Chief Executive Officer, Dr. Evanson Kamuri. “This collaboration marks a significant step forward in our commitment to sustainable healthcare delivery. By integrating energy efficiency and climate-smart solutions, Kenyatta National Hospital is not only enhancing operational resilience but also setting a benchmark for environmentally responsible healthcare infrastructure in the region.”

    The EIB Global and GIZ support will lead to concrete recommendations to the hospital on attaining reliable and efficient power supply through the planned PV system. The studies will assess the hospital’s current energy-consumption patterns, evaluate the feasibility of integrating the planned PV system into the hospital power grid, provide financial modelling for installation and maintenance and address regulatory questions.

    The European Investment Bank, through the Cities Climate Gap Fund support cities in the early stages of project development by assessing the actual challenges, understanding the risks and designing fit-for-purpose solutions that resonate with their goals for a climate- smart future.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.  

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. EIB Global aims to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through offices across the world. High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

    About Gap Fund:

    The Cities Climate Finance Gap Fund is a multi-donor fund, implemented by the World Bank and the EIB in collaboration with GIZ and other city networks. Gap Fund provides much-needed funding for early-stage technical assistance and capacity building so that cities from low- and middle-income countries can operationalise their climate action plans, develop robust project concepts, and access climate finance resources. Since its establishment in 2020, it has supported 183 cities in 67 countries.

    On 20 September 2023, the governments of Germany and Luxembourg announced new funding of € 50 million  for the City Climate Finance Gap Fund (Gap Fund) with an additional €5 million on the horizon, these resources will support the development of low-carbon and climate-resilient urban investments and will nearly double the fund’s capitalization, bringing it to €105 million, making it one of the largest early-stage technical assistance funds for cities and climate.

    MIL OSI Europe News

  • MIL-OSI Europe: How to finance affordable and sustainable housing

    Source: European Investment Bank

    “Housing problems are local problems,” says the European Investment Bank’s Muent. “Lack of supply is very often due to local factors—land availability, planning, etc. What we need is a financial toolbox with generic tools and instruments which can be tailored to local needs and then scaled at regional or national level to deliver hundreds of thousands of homes, not tens.”

    To create just such an instrument, the European Investment Bank has been working with the European Commission’s Directorate-General for Regional and Urban Policy on a new model financial instrument for affordable housing that national and regional authorities can use. This blueprint helps national and regional authorities, or public banks such as National Promotional Banks which often administer this kind of instrument, to channel existing public funds, including EU funds for poorer regions, into the housing sector in a way that encourages more private and public investment.

    The key to the success of such financial instruments is that they allow for flexible combinations of loans and grants—for example, capital grants or interest-rate subsidies—to “de-risk” projects, making them more attractive to a wider range of investors, and to set the right mix of funding to meet local needs.

    “The benefit of the financial instrument is that it introduces more favourable terms through the grant combination,” says Emily Smith, a principal advisor at the European Investment Bank. “If the projects have viability issues, then there’s the option to use some of the resource as a capital grant. You could channel some of it as an interest-rate subsidy, if you want to lower the cost of the financing. You could use capital rebate to reward the achievement of certain performance objectives by writing off part of the loan.”

    This flexible approach allows Member States to adapt the model to their specific needs and market conditions, recognising that housing markets vary significantly from country to country and even from region to region.

    This model financial instrument for affordable housing also aligns with the European Commission’s push to refocus its cohesion funds, which it reserves for economically disadvantaged parts of Europe, on pressing priorities such as housing. The Commission has also clarified other rules to ensure that its structural funds, which are available to all regions, can also be used for housing.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Strategic approach to animal rights extremism – E-002606/2025

    Source: European Parliament

    Question for written answer  E-002606/2025
    to the Commission
    Rule 144
    Sander Smit (PPE)

    Violent animal rights activism against livestock farmers and food companies is on the rise in the Netherlands and in Europe more generally, resulting in intimidation, violent occupations and arson. Recently, a large-scale suspected arson took place in Blokker, where nine trucks were deliberately set on fire. Shortly afterwards, somebody entered the yard of a Dutch MP and property was defaced. Similar incidents include the violent home invasion and intimidating break-in at the farm of the prospective German agriculture minister Günther Felßner (2025), the arson attack at a duck slaughterhouse in Ermelo (2023) and the violent occupation of a pigsty in Boxtel (2019). These attacks cause significant material and psychological damage to farming families. Despite alarming signals from the Dutch Platform Veilig Ondernemen (PVO) about an increase in intimidation targeting farmers and perpetrated by animal rights extremists, official EU registration of these incidents is conspicuous by its absence.

    • 1.Does the European Commission recognise the seriousness of animal rights extremism and, given the use of violence and intimidation to achieve political goals, does it classify these actions as terrorist attacks?
    • 2.What concrete measures is the European Commission taking to detect and tackle networks of animal rights extremists operating across borders within the Union?
    • 3.Is the Commission prepared, in cooperation with Europol and the Member States, to map the threat of extremist animal rights activism, including by setting up an EU hotline?

    Supporter[1]

    Submitted: 27.6.2025

    • [1] This question is supported by a Member other than the author: Jessika Van Leeuwen (PPE)
    Last updated: 3 July 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Joint press release: Investment of €3.66 billion from EU emissions trading revenues in cleaner energy systems  

    Source: EuroStat – European Statistics

    European Commission Press release Brussels, 03 Jul 2025 Today, the European Commission and the European Investment Bank announced that €3.66 billion have been disbursed from the Modernisation Fund to support 34 energy related projects in nine EU Member States.

    MIL OSI Europe News

  • MIL-OSI USA: Huffman Statement on House Passage of Trump’s Big, Ugly Bill

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    July 03, 2025

    Washington, D.C. – Today, U.S. Representative Jared Huffman (CA-02) released the following statement after the House passed President Trump’s Big, Ugly Bill:

    “Republicans just rammed through one of the most shameless betrayals in recent memory: Trump’s Big, Ugly Bill is a full-blown catastrophe for the American people. President Trump promised affordability, and now Americans will pay higher energy bills. Republicans campaigned on energy independence, but they’re giving China the deal of the century. They promised a stronger economy, yet they just kneecapped hundreds of thousands of good-paying jobs. They promised to protect our public lands, and now they’ve auctioned our resources off to polluters and developers,” Rep. Huffman said

    “This unconscionable legislation is what it looks like when a government turns its back on the people it vowed to serve. Millions of Americans will have their health care and food assistance taken away. And what’s worse? Republicans are proud of this bill. They’re celebrating a scheme that steals from working families to bankroll billionaire tax breaks and handouts to fossil fuel CEOs,” Huffman said. “Once again, Republicans and President Trump have made their priorities painfully clear: when forced to choose between Americans and their billionaire donors, they’ll betray us and sell us out every time.”

    Although Republicans refused to consider any Democratic amendments to improve their partisan sweetheart deal, Rep. Huffman filed the following amendments to protect working families, safeguard our public lands, and prevent school voucher schemes:

    • Representative Huffman’s amendment #198 would require foreign adversaries, including state-owned companies, pay royalties to mine on U.S. public lands.
    • Representative Huffman’s amendment #215 would only allow coal mining provisions to take effect if federal officials confirm coal is cost-competitive with renewable energy.
    • Representative Huffman’s amendment #224 would remove royalty rate cuts for oil and gas drilling on land and offshore.
    • Representative Huffman’s amendment #230 would strike Arctic Refuge oil and gas leasing provisions and replace them with the Arctic Refuge Protection Act.
    • Representative Huffman’s amendment #244 would strike funding rescission for the National Park Service and Bureau of Land Management.
    • Representative Huffman’s amendment #266 would limit increased logging until mature and old-growth forests on federal lands are conserved and protections are expanded.
    • Representative Huffman’s amendment #459 would ensure the Bureau of Reclamation does not violate or override state law. 
    • Representative Huffman’s amendment #480 would strike Sec. 70411, which provides a tax credit for wealthy donors to contribute to private and religious school voucher programs.

    In California’s Second Congressional District, this bill:

    • Increases average premiums by $3,070 per year for the 41,000 people who receive coverage under the Affordable Care Act
    • Puts 231,738 people who depend on Medicaid at risk of losing their health care
    • Threatens 28,369 households who count on SNAP to put food on the table
    • Takes away 5,130 jobs in clean energy and manufacturing

    ###



    Previous Article

    MIL OSI USA News

  • MIL-OSI USA: Huffman Statement on House Passage of Trump’s Big, Ugly Bill

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    July 03, 2025

    Washington, D.C. – Today, U.S. Representative Jared Huffman (CA-02) released the following statement after the House passed President Trump’s Big, Ugly Bill:

    “Republicans just rammed through one of the most shameless betrayals in recent memory: Trump’s Big, Ugly Bill is a full-blown catastrophe for the American people. President Trump promised affordability, and now Americans will pay higher energy bills. Republicans campaigned on energy independence, but they’re giving China the deal of the century. They promised a stronger economy, yet they just kneecapped hundreds of thousands of good-paying jobs. They promised to protect our public lands, and now they’ve auctioned our resources off to polluters and developers,” Rep. Huffman said

    “This unconscionable legislation is what it looks like when a government turns its back on the people it vowed to serve. Millions of Americans will have their health care and food assistance taken away. And what’s worse? Republicans are proud of this bill. They’re celebrating a scheme that steals from working families to bankroll billionaire tax breaks and handouts to fossil fuel CEOs,” Huffman said. “Once again, Republicans and President Trump have made their priorities painfully clear: when forced to choose between Americans and their billionaire donors, they’ll betray us and sell us out every time.”

    Although Republicans refused to consider any Democratic amendments to improve their partisan sweetheart deal, Rep. Huffman filed the following amendments to protect working families, safeguard our public lands, and prevent school voucher schemes:

    • Representative Huffman’s amendment #198 would require foreign adversaries, including state-owned companies, pay royalties to mine on U.S. public lands.
    • Representative Huffman’s amendment #215 would only allow coal mining provisions to take effect if federal officials confirm coal is cost-competitive with renewable energy.
    • Representative Huffman’s amendment #224 would remove royalty rate cuts for oil and gas drilling on land and offshore.
    • Representative Huffman’s amendment #230 would strike Arctic Refuge oil and gas leasing provisions and replace them with the Arctic Refuge Protection Act.
    • Representative Huffman’s amendment #244 would strike funding rescission for the National Park Service and Bureau of Land Management.
    • Representative Huffman’s amendment #266 would limit increased logging until mature and old-growth forests on federal lands are conserved and protections are expanded.
    • Representative Huffman’s amendment #459 would ensure the Bureau of Reclamation does not violate or override state law. 
    • Representative Huffman’s amendment #480 would strike Sec. 70411, which provides a tax credit for wealthy donors to contribute to private and religious school voucher programs.

    In California’s Second Congressional District, this bill:

    • Increases average premiums by $3,070 per year for the 41,000 people who receive coverage under the Affordable Care Act
    • Puts 231,738 people who depend on Medicaid at risk of losing their health care
    • Threatens 28,369 households who count on SNAP to put food on the table
    • Takes away 5,130 jobs in clean energy and manufacturing

    ###



    Previous Article

    MIL OSI USA News

  • MIL-OSI USA: Attorney General James Announces Convictions and Sentencings of Members of Massive Retail Theft Ring

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today announced the convictions and sentencings of members of a massive retail theft operation in New York City, including its ringleader Roni Rubinov, who stole and resold millions of dollars in goods from 2017 to 2022. An investigation by the Office of the Attorney General’s (OAG) Organized Crime Task Force (OCTF) and the New York City Police Department’s (NYPD) Grand Larceny Division recovered more than $3.8 million in stolen goods from Rubinov, along with more than 550 stolen gift and cash cards and over $300,000 in cash. Rubinov was convicted of Enterprise Corruption and sentenced to two and a half to seven and a half years in state prison. He forfeited approximately $2.1 million and must pay additional restitution of over $3.1 million. 35 other members of the crime ring have also been convicted.

    “This crime ring organized bands of shoplifters to rob stores throughout our city, putting both businesses and everyday New Yorkers in danger,” said Attorney General James. “Roni Rubinov and his associates ran a massive scheme to steal millions of dollars of goods and resell them online for big profits, but our investigation has brought them to justice. I thank the NYPD and all our law enforcement partners for their hard work to keep our communities safe.

    “This was a large-scale, organized theft operation that deeply affected New York City businesses and residents, especially those still struggling to recover from the pandemic,” said NYPD Commissioner Jessica S. Tisch. “These convictions and sentences underscore the NYPD’s commitment to holding accountable any network that exploits vulnerable communities for profit. I thank the NYPD investigators, HSI, and the Attorney General’s Office for their partnership in helping secure justice in this most important case.”

    A multiyear investigation led by OCTF and NYPD found that Rubinov and his accomplices, Yuriy Khodzhandiyev and Rafik Israilov, directed thieves to steal merchandise and gift cards from New York City retailers. The thieves brought the stolen goods to Rubinov’s New Liberty Loans Pawn Shop, located at 67 W 47th Street, and to Romanov Gold Buyers, Inc., located at 71 W 47th Street. Rubinov’s employees, Akasya Yasaroglu, Lyudmila Yushuvayev, Zamira Shaganova, Erica Zambrano, and Ramdass Ramkissoon, then purchased the stolen goods at steep discounts and resold them for profit on an eBay store called Treasure-Deals-USA.

    Once the stolen property was purchased by Rubinov or his employees, it was stored at one of the locations in midtown Manhattan. It was then regularly transported by Fathi Negadi to Rubinov’s residence and Rubinov’s stash house, both located in Fresh Meadows, Queens. Other members of the crime ring inventoried and organized the stolen property at the stash locations in Queens and then posted the items for sale on Romanov’s eBay store. Once the posted items were purchased, they were transported back to 71 W 47th Street to be packaged and shipped.

    Additionally, OCTF and NYPD uncovered that Rubinov procured New York City Electronic Benefits Transfer (EBT) cards and benefits from boosters in exchange for cash. Rubinov directed Khodzhandiyev, Yasaroglu, and Shaganova to verify whether the boosters’ personal EBT cards or accounts had active balances and to subsequently purchase the EBT cards from the boosters in exchange for cash. Rubinov then used these EBT cards to purchase groceries for his family.

    The investigation also found that Rubinov reinvested almost 60 percent of his eBay gross proceeds into the enterprise. Specifically, Rubinov and his employees reinvested funds for various illicit business expenses, such as cash withdrawals which paid boosters for stolen property, payments made to Rubinov’s employees, and marketing campaigns. These types of payments and expenses were the foundation of Rubinov’s enterprise, which enabled him to continue to purchase and resell stolen property, and which perpetuated the flow of illicit proceeds into Rubinov’s PayPal and bank accounts.

    Rubinov was convicted of Enterprise Corruption and sentenced to two and a half to seven and a half years in state prison. He has forfeited approximately $2.1 million and must pay additional restitution of over $3.1 million. Additional defendants who have been convicted are:

    • Yuriy Khodzhandiyev, 39, of Queens County was convicted of Attempted Enterprise Corruption and sentenced to three years of probation.
       
    •  Rafik Israilov, 56, of Queens County was convicted of Attempted Enterprise Corruption and sentenced to five years of probation.
       
    • Akasya Yasaroglu, 26, of New York County was convicted of Attempted Scheme to Defraud in the First Degree. Her sentence is pending.
       
    •  Lyudmila Yushuvayev, 46, of Queens County was convicted of Attempted Scheme to Defraud in the First Degree and received a conditional discharge.
       
    • Erica Zambrano, 43, of New York County was convicted of Money Laundering in the Fourth Degree and sentenced to three years of probation.
       
    • Ramdass Ramkissoon, 64, of Queens County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to six months in jail and five years of probation.
       
    • Zamira Shaganova, 33, of Kings County was sentenced to Criminal Possession of Stolen Property in the Fifth Degree and received a conditional discharge.
       
    • Ana Balaceanu, 40, of Queens County, was convicted of Money Laundering in the Fourth Degree and sentenced to three years of probation.
       
    • Charles Harman, 58, of Erie County was convicted of Conspiracy in the Fifth Degree and received a conditional discharge.
       
    • Patrice Collins, 67, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to three years of probation.
       
    • Jerard Iamunno, 39, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree. His sentence is pending.
       
    • Lance Fair, 31, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years in prison.
       
    • Cayla Roman, 23, of New York County was convicted of Attempted Scheme to Defraud in the first degree and received a conditional discharge.
       
    • Kathleen Ragusa, 42, of New York County was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to three years of probation.
       
    • Gregory Roosa, 49, of New York County was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to one to three years of state prison.
       
    •  Jordan Cavaliero, 39, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    •  Thomas Nicholas, 33, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Eveylon Ferguson, 33, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and received a sentence of time served.
       
    • Kevin Ruthenbeck, 35, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Justin Pepchinski, 43, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    •  Daniel Weber, 36, of New York County was convicted of Criminal Possession of Stolen Property in the Fifth Degree and sentenced to one year of probation.
       
    • Patrick Casey, 41, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one and a third to four years of state prison.
       
    •  Shawn Herald, 40, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    •  James Bilis, 32, of Hudson County, New Jersey was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to one to three years of state prison.
       
    • Samantha Cotroneo, 30, of Hudson County, New Jersey was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    • Herman Ellis, 48, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one and a half to three years of state prison.
       
    • Chris Plamondon, 31, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to one year in jail.
       
    • Joshua Dvorin, 33, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to one year in jail.
       
    • Reagan Callihan, 41, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    • Sharif Warner, 45, of Kings County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Chase Bunt, 33, of Ulster County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    • Michael Morris, 26, of Kings County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    • Jabari Smith, 31, Kings County was convicted of Criminal Possession of Stolen Property in the Fifth Degree and received a conditional discharge.
       
    • Alonzo Roberts, 30, of Kings County was convicted of Scheme to Defraud in the First Degree and sentenced to three years of probation.
       
    • Jacqueline Alessi, 34, of Suffolk County was convicted of Welfare Fraud in the Fourth Degree and sentenced to three years of probation and paid $3,053.93 of restitution.

    OCTF thanks the U.S. Department of Homeland Security’s El Dorado Task Force II — Major Frauds Group Special Agents Michael MacDonald and Kathleen Corbett for their long-term assistance on this investigation. OCTF also thanks the Organized Retail Crime teams from Macy’s, CVS Pharmacy, Rite-Aid, and Lowe’s for their ongoing assistance during this investigation, including Rite Aid Manager of Organized Retail Crime & Special Investigations John Moore; Macy’s Senior Organized Retail Crime Investigator Israel Herrera; Lowe’s Regional Investigations Manager Amanda Hobert; and CVS Health Director, Organized Retail Crime & Corporate Investigations Ben Dugan. OCTF also thanks the Human Resources Administration (HRA) for their assistance in the welfare fraud portion of this investigation.

    OCTF and NYPD also utilized the investigative resources provided by eBay and PayPal and thank both eBay and PayPal law enforcement liaisons.

    This joint OCTF-NYPD investigation was directed by OCTF Detective Brian Fleming, Detective Mary Laspina, NYPD Detective Vincent Catalano, NYPD Detective Brian Deighan, and Retired Sergeant Michael Korabel. OCTF Detectives Fleming and Laspina are under the supervision of Detective Supervisor Paul Grzegorski and Downstate OCTF Deputy Chief Andrew Boss. The Investigations Bureau is led by Chief Investigator Oliver Pu-Folkes.

    During the active investigation, NYPD Detective Catalano was under the supervision of Retired Sergeant Michael Korabel and Retired Lieutenant Michael Burke of the Grand Larceny Division. NYPD Detective Catalano is currently under the supervision of Sergeant Eve Persaud and Lieutenant Gabriel Zambrano of the Grand Larceny Division. The Captain is Tawee Theanthong and the Deputy Inspector is Nicholas Fiore.

    The money laundering portion of this investigation was directed by OCTF Detective Rachel Muzichenko, under the supervision of OCTF Supervisor Detective Cheryl Munoz. OCTF Detective Muzichenko received support from New York National Guard Counterdrug Task Force, Criminal Analyst Sandro Di Geso; OAG Forensic Audit Section Principal Auditor Investigator Meaghan Scotellaro; and OAG Forensic Audit Section Chief Auditor Kristen Fabbri.

    The case is being prosecuted by OCTF Assistant Deputy Attorney Brandi S. Kligman, with support from former OCTF Legal Support Analysts Stephanie Tirado and Christine Cintron and current OCTF Legal Support Analyst Madeline Rosen, under the supervision of OCTF Downstate Deputy Bureau Chief Lauren Abinanti. Nicole Keary is the Deputy Attorney General in Charge of OCTF. The Division for Criminal Justice is led by Chief Deputy Attorney General José Maldonado. Both the Investigations Division and the Division for Criminal Justice are overseen by First Deputy Attorney General Jennifer Levy.

    MIL OSI USA News

  • MIL-OSI Economics: American Clean Power Statement: Final Passage of Congressional Budget Bill

    Source: American Clean Power Association (ACP)

    Headline: American Clean Power Statement: Final Passage of Congressional Budget Bill

    WASHINGTON, D.C., July 3, 2025 –The American Clean Power Association (ACP) issued the following statement from CEO Jason Grumet after the House voted today to concur with the Senate tax and spending bill: 
    “Today’s Congressional action is a dramatic swing in federal policy, disrupting the good faith investments of American companies that are powering our economy and creating hundreds of thousands of jobs. The legislation restricts energy production, raises prices for American businesses and families, and challenges the reliability of our existing electric grid. 
    “While the new policies are a step backward, the combination of surging demand for electric power and economic benefits of renewable energy technologies ensure that clean power will continue to play a significant and growing role in our nation’s energy mix. 
    “America’s electricity demand is projected to surge by as much as 50% by 2040. That growth requires every available source of reliable power, including the clean energy technologies that are the only shovel-ready sources of additional power and the low-cost option across much of the nation. 
    “Our economic and national security requires that we support all forms of American energy. It is time for the brawlers to get out of the way and let the builders get back to work.”  
    FACTS ABOUT CLEAN ENERGY
    The country needs more electricity to power innovation and economic growth.

     U.S. electricity demand will surge by 35-50% between 2024 and 2040. And the current data center pipeline in the U.S. demands upwards of 100 GW of new power.

    Clean energy is a significant and growing part of our energy supply. 

    Utility-scale clean power capacity exceeds 320 GW nationwide — enough to power nearly 80 million American homes.

    Wind and solar alone account for approximately 16% of U.S. electricity generation.

    Last year, the industry invested $80 billion to deploy 49 GW, representing 93% of electricity capacity brought online.

    Looking forward, 95% of projects in line to connect to the grid are wind, solar, and storage. With more than 2,000 GW queued up, there is more than enough to meet the country’s needs.

    These resources support the U.S. economy beyond critical power supply. 

    The industry supports 1.4 million American jobs — 460,000 directly and nearly a million more in supply chains and supporting industries.

    200 existing manufacturing facilities are actively building primary clean power components in local communities across 38 states to supply the booming demand for new energy in America.

    The clean power manufacturing sector currently contributes $18 billion to U.S. GDP annually, spurs $33 billion in domestic spending annually, and supports 122,000 American jobs across the country.

    ###

    MIL OSI Economics

  • MIL-OSI Africa: South Africa: Statement by President Cyril Ramaphosa on the passing of former Deputy President David Mabuza

    Source: APO


    .

    I have learned with deep sadness of the passing of former Deputy President and former Premier of Mpumalanga, David Dabede Mabuza.

    Deputy President Mabuza passed away today, Thursday, 3 July 2025, at a hospital following a short illness. He was 64 years of age.

    On behalf of Government and the nation, I offer my profound condolences to the late Deputy President’s wife, Mrs Mabuza, and the children.

    I extend my condolences to Deputy President Mabuza’s friends and the people of Mpumalanga whom he served as Premier from 2009 to 2018, and previously as a Member of the Executive Council of Mpumalanga across a range of portfolios.

    My thoughts are also with Deputy President Mabuza’s comrades in his political home, the African National Congress, where he was elected as the organisation’s Deputy President in December 2017.

    During his service as Deputy President of the Republic, Deputy President Mabuza applied his leadership and mobilisation abilities to his role as the Leader of Government Business in Parliament; leading the South African National Aids Council; coordinating anti-poverty initiatives in the form of Public Employment Programmes, Integrated Service Delivery and Enterprise Development.

    Deputy President Mabuza also represented South Africa on global platforms and consolidated relations between South Africa and its closest partners.

    As Deputy President, he chaired the Cabinet Committees of Governance, State Capacity and Institutional Development (GSCID) as well as Justice, Crime-Prevention and Security (JCPS).

    We are saddened today by the loss of a leader who was grounded in activism at the early stages of his political career and who came to lead our nation and shape South Africa’s engagement with our continental compatriots and the international community in his role as Deputy President.

    The former Deputy President deserves our appreciation for his deep commitment to the liberation struggle and to the nation’s development as an inclusive, prosperous, democratic state.

    Further announcements will be made in due course on memorial arrangements and the honours with which the country will pay its final respects to the former Deputy President.

    Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

    MIL OSI Africa

  • MIL-OSI Africa: Former Deputy President David Mabuza passes away

    Source: Government of South Africa

    President Cyril Ramaphosa has sent his condolences to the family of former Deputy President David Dabede Mabuza who passed away on Thursday.

    Mabuza, who served as Deputy President between 2018 and 2023, passed away in a hospital at the age of 65.

    “On behalf of government and the nation, I offer my profound condolences to the late Deputy President’s wife, Mrs Mabuza, and the children.

    “I extend my condolences to Deputy President Mabuza’s friends and the people of Mpumalanga whom he served as Premier from 2009 to 2018, and previously as a Member of the Executive Council of Mpumalanga across a range of portfolios.

    “My thoughts are also with Deputy President Mabuza’s comrades in his political home, the African National Congress, where he was elected as the organisation’s Deputy President in December 2017,” President Ramaphosa said.

    He praised the former Deputy President’s contribution to government.

    “During his service as Deputy President of the Republic, Deputy President Mabuza applied his leadership and mobilisation abilities to his role as the Leader of Government Business in Parliament; leading the South African National Aids Council; coordinating anti-poverty initiatives in the form of Public Employment Programmes, Integrated Service Delivery and Enterprise Development.

    “Deputy President Mabuza also represented South Africa on global platforms and consolidated relations between South Africa and its closest partners.

    “As Deputy President, he chaired the Cabinet Committees of Governance, State Capacity and Institutional Development [GSCID] as well as Justice, Crime-Prevention and Security [JCPS],” the President said.

    The Mpumalanga-born politician – affectionately referred to as DD or The Cat – was a teacher by training, however, he was drawn into political activism.

    “We are saddened today by the loss of a leader who was grounded in activism at the early stages of his political career and who came to lead our nation and shape South Africa’s engagement with our continental compatriots and the international community in his role as Deputy President.

    “The former Deputy President deserves our appreciation for his deep commitment to the liberation struggle and to the nation’s development as an inclusive, prosperous, democratic state.

    “Further announcements will be made in due course on memorial arrangements and the honours with which the country will pay its final respects to the former Deputy President,” President Ramaphosa said. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI USA: ICYMI: Rep. Pfluger Joined Varney & Co. on Fox Business

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    ICYMI: Rep. Pfluger Joined Varney & Co. on Fox Business

    Washington, June 26, 2025

    WASHINGTON, D.C.— In Case You Missed It (ICYMI): Congressman August Pfluger (TX-11) joined Varney & Co. on Fox Business to discuss the latest in the Middle East.

    Watch the full interview HERE or by clicking the image below. Highlights of the conversation are provided below as well.

    Stuart Varney: Do you have a problem with the White House limiting your access to information, sir?

    Rep. Pfluger: No, they’re right to limit it. Think about the success of this operation from an operational security standpoint. Can you imagine them sharing this information with Rashida Talib in advance of the attack—somebody who leads anti-Semitic parades around the country? I mean, they need to limit it. And by the way, U.S. Code specifically says that they have 48 hours to then notify Congress, which they did. So, who is this deep state leaker that was solely using this information to denigrate the President and to downplay the success of this event? Which, by the way, was a massive strategic success. So, I have no problem with it. We’re going to continue to do oversight. We need to do oversight, but they also have a need to protect Airmen, to protect our troops, and to get the maximum effectiveness out of these operations. This was a big surprise for the world, and rightfully so; they protected the information.

    Stuart Varney: Do you expect much from the meeting that Trump says will take place next week? I don’t know who he’s going to meet with or where, but what can you expect when Khomeini is saying no surrender?

    Rep. Pfluger: Well, the Iranians under Khomeini and their terroristic regime are the weakest that they’ve ever been. They have zero leverage. The only acceptable answer that the world must demand from them is a complete denuclearization, a complete withdrawal from their terrorist ambitions, and rejoining the world stage in a way that they can be a good neighbor and a good country. This regime has led them down the wrong path for 40 years. So I trust President Trump his ability to leverage them and get them to that answer. Do not underestimate his ability to do that. But that doesn’t mean that we’re going to immediately trust Iran, because we know that they have, for many, many decades, tried to terrorize the region and the world.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Rep. Pfluger Joined Varney & Co. on Fox Business

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    ICYMI: Rep. Pfluger Joined Varney & Co. on Fox Business

    Washington, June 26, 2025

    WASHINGTON, D.C.— In Case You Missed It (ICYMI): Congressman August Pfluger (TX-11) joined Varney & Co. on Fox Business to discuss the latest in the Middle East.

    Watch the full interview HERE or by clicking the image below. Highlights of the conversation are provided below as well.

    Stuart Varney: Do you have a problem with the White House limiting your access to information, sir?

    Rep. Pfluger: No, they’re right to limit it. Think about the success of this operation from an operational security standpoint. Can you imagine them sharing this information with Rashida Talib in advance of the attack—somebody who leads anti-Semitic parades around the country? I mean, they need to limit it. And by the way, U.S. Code specifically says that they have 48 hours to then notify Congress, which they did. So, who is this deep state leaker that was solely using this information to denigrate the President and to downplay the success of this event? Which, by the way, was a massive strategic success. So, I have no problem with it. We’re going to continue to do oversight. We need to do oversight, but they also have a need to protect Airmen, to protect our troops, and to get the maximum effectiveness out of these operations. This was a big surprise for the world, and rightfully so; they protected the information.

    Stuart Varney: Do you expect much from the meeting that Trump says will take place next week? I don’t know who he’s going to meet with or where, but what can you expect when Khomeini is saying no surrender?

    Rep. Pfluger: Well, the Iranians under Khomeini and their terroristic regime are the weakest that they’ve ever been. They have zero leverage. The only acceptable answer that the world must demand from them is a complete denuclearization, a complete withdrawal from their terrorist ambitions, and rejoining the world stage in a way that they can be a good neighbor and a good country. This regime has led them down the wrong path for 40 years. So I trust President Trump his ability to leverage them and get them to that answer. Do not underestimate his ability to do that. But that doesn’t mean that we’re going to immediately trust Iran, because we know that they have, for many, many decades, tried to terrorize the region and the world.

    MIL OSI USA News

  • MIL-OSI USA: Pfluger, Colleagues Sound the Alarm on Urgent Need for U.S. Drone Defenses

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    WASHINGTON, DC — As first reported in Fox News, Congressman August Pfluger (TX-11) joined 24 of his colleagues in a letter to U.S. Secretary of Defense Pete Hegseth and U.S. Secretary of Homeland Security Kristi Noem inquiring about the status of defense measures for U.S. military installations, government buildings, and critical infrastructure from the threat of drones. This letter follows a growing number of drone attacks launched by Israel and Ukraine to penetrate deep into Iranian and Russian territory, respectively. 

    In part, the members wrote, “Since 9/11, our nation has not suffered a major coordinated attack on our own soil. While the government has done good work in preventing an attack like 9/11 from happening again, we want to ensure that we are preparing for a new paradigm in which relatively cheap drones can quickly and effectively wipe out core military and government infrastructure.” 

    “While American threat projection globally is strong among all the branches of the military, we need to be prepared for a new paradigm of covert, but potentially disastrous, threats to our core military interests, including our nuclear triad in the homeland.”

    Other signers of the letter include U.S. Reps. Mike Carey (OH-15), Brian Babin (TX-36), Troy Balderson (OH-12), Aaron Bean (FL-04), Nicholas Begich (AK-AL), Sheri Biggs (SC-03), Ben Cline (VA-06), Michael Cloud (TX-27), Troy Downing (MT-02), Brad Finstad (MN-01), Mike Flood (NE-01), Harriet Hageman (WY-AL), Clay Higgins (LA-03), French Hill (AK.-02), Jim Jordan (OH-04), Dave Joyce (OH-14), Bob Latta (OH-05), John McGuire (VA-05), Max Miller (OH-07), Chip Roy (TX-21), Michael Rulli (OH-06), Adrian Smith (NE-03), Greg Steube (FL-17), and Beth Van Duyne (TX-24).

    In addition to this letter, Rep. Pfluger also introduced the COUNTER Act earlier this year to unleash the military on enemy drones in the U.S. 

    See the full letter HERE or read the full text below. 

    Dear Secretary Hegseth and Secretary Noem:

    We write to inquire with the U.S. Department of Defense (DOD) and the Department of Homeland Security (DHS) about the current state of drone attack countermeasures for our military installations, government buildings, embassies, and consulates, both domestic and abroad. 

    The ongoing conflicts in Ukraine and the Middle East have demonstrated that large-scale, highly coordinated mass-drone attacks can be highly effective if the defender lacks adequate counter-drone defenses. 

    Since the beginning of the Russo-Ukraine war, drones have played a decisive role in deterring Russian armored and infantry assaults. With the relatively cheap cost to produce, maintain, and operate these systems, Ukraine can field drones to strike targets deep in occupied territories and Russian soil. The Russian Federation quickly adopted drone weaponry and surveillance equipment in response. 

    Drone technology has spread to other conflicts, including Israel’s confrontations with Hamas, Hezbollah, and the Houthis. On multiple occasions, Iran had used a tiered attack against Israel using drones alongside ballistic, hypersonic, and cruise missiles.

    Ukraine’s Operation Spider’s Web and Israel’s Operation Rising Lion have demonstrated thedevastating threat of a large-scale drone attack upon military installations and critical infrastructure far beyond one’s own borders. These operations are complemented by deep infiltration operations among each country’s respective intelligence services. Not only that, but the cost asymmetry to produce and operate drones against the damage they can cause is incredibly valuable for this guerrilla tactic.

    With the former administration’s open border policies and most drones being purchased from DJI, a Chinese Communist Party drone company, it is becoming increasingly likely that we could see a similar attack upon our country that could threaten our service members and cripple our lethality if we are not prepared. 

    Since 9/11, our nation has not suffered a major coordinated attack on our own soil. While thegovernment has done good work in preventing an attack like 9/11 from happening again, we want to ensure that we are preparing for a new paradigm in which relatively cheap drones can quickly and effectively wipe out core military and government infrastructure.

    While American threat projection globally is strong among all the branches of the military, we need to be prepared for a new paradigm of covert, but potentially disastrous, threats to our core military interests, including our nuclear triad in the homeland.

    Following the successful U.S. strikes on Iranian nuclear facilities at Fordo, Natanz, and Isfahan, it is imperative that we ensure the readiness and security of our military bases, critical infrastructure, and overseas diplomatic installations. A potential Iranian response could involve direct attacks here at home or abroad. We must take all necessary measures to safeguard our service members and defend our interests at this time.

    Any information you can provide in response to the following questions would be helpful:

    • What is the status of American countermeasures to deter and counter mass drone attacks against military installations, government facilities (including Washington D.C.), and critical infrastructure like roads, bridges, and manufacturing sites?
    • If defenses are currently inadequate to deter or repel drone attacks similar to those referenced above, what steps are being taken to address them, and what is the timeline for implementation?
    • Is the DOD or DHS aware of or actively working to deter potential threats posed by foreign-owned land near critical military and infrastructure sites in the United States that could be a launching point for a mass drone attack like we saw in Russia by Ukrainian forces?
    • Is there a concern of any sort of weaponized drone buildup already happening in theUnited States from drones that may have been smuggled in due to the former administration’s open border policies?
    • Will counter-drone technology be considered for President Trump’s Golden Dome air defense project?

    Thank you for your attention to this matter.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Pfluger, Colleagues Sound the Alarm on Urgent Need for U.S. Drone Defenses

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    WASHINGTON, DC — As first reported in Fox News, Congressman August Pfluger (TX-11) joined 24 of his colleagues in a letter to U.S. Secretary of Defense Pete Hegseth and U.S. Secretary of Homeland Security Kristi Noem inquiring about the status of defense measures for U.S. military installations, government buildings, and critical infrastructure from the threat of drones. This letter follows a growing number of drone attacks launched by Israel and Ukraine to penetrate deep into Iranian and Russian territory, respectively. 

    In part, the members wrote, “Since 9/11, our nation has not suffered a major coordinated attack on our own soil. While the government has done good work in preventing an attack like 9/11 from happening again, we want to ensure that we are preparing for a new paradigm in which relatively cheap drones can quickly and effectively wipe out core military and government infrastructure.” 

    “While American threat projection globally is strong among all the branches of the military, we need to be prepared for a new paradigm of covert, but potentially disastrous, threats to our core military interests, including our nuclear triad in the homeland.”

    Other signers of the letter include U.S. Reps. Mike Carey (OH-15), Brian Babin (TX-36), Troy Balderson (OH-12), Aaron Bean (FL-04), Nicholas Begich (AK-AL), Sheri Biggs (SC-03), Ben Cline (VA-06), Michael Cloud (TX-27), Troy Downing (MT-02), Brad Finstad (MN-01), Mike Flood (NE-01), Harriet Hageman (WY-AL), Clay Higgins (LA-03), French Hill (AK.-02), Jim Jordan (OH-04), Dave Joyce (OH-14), Bob Latta (OH-05), John McGuire (VA-05), Max Miller (OH-07), Chip Roy (TX-21), Michael Rulli (OH-06), Adrian Smith (NE-03), Greg Steube (FL-17), and Beth Van Duyne (TX-24).

    In addition to this letter, Rep. Pfluger also introduced the COUNTER Act earlier this year to unleash the military on enemy drones in the U.S. 

    See the full letter HERE or read the full text below. 

    Dear Secretary Hegseth and Secretary Noem:

    We write to inquire with the U.S. Department of Defense (DOD) and the Department of Homeland Security (DHS) about the current state of drone attack countermeasures for our military installations, government buildings, embassies, and consulates, both domestic and abroad. 

    The ongoing conflicts in Ukraine and the Middle East have demonstrated that large-scale, highly coordinated mass-drone attacks can be highly effective if the defender lacks adequate counter-drone defenses. 

    Since the beginning of the Russo-Ukraine war, drones have played a decisive role in deterring Russian armored and infantry assaults. With the relatively cheap cost to produce, maintain, and operate these systems, Ukraine can field drones to strike targets deep in occupied territories and Russian soil. The Russian Federation quickly adopted drone weaponry and surveillance equipment in response. 

    Drone technology has spread to other conflicts, including Israel’s confrontations with Hamas, Hezbollah, and the Houthis. On multiple occasions, Iran had used a tiered attack against Israel using drones alongside ballistic, hypersonic, and cruise missiles.

    Ukraine’s Operation Spider’s Web and Israel’s Operation Rising Lion have demonstrated thedevastating threat of a large-scale drone attack upon military installations and critical infrastructure far beyond one’s own borders. These operations are complemented by deep infiltration operations among each country’s respective intelligence services. Not only that, but the cost asymmetry to produce and operate drones against the damage they can cause is incredibly valuable for this guerrilla tactic.

    With the former administration’s open border policies and most drones being purchased from DJI, a Chinese Communist Party drone company, it is becoming increasingly likely that we could see a similar attack upon our country that could threaten our service members and cripple our lethality if we are not prepared. 

    Since 9/11, our nation has not suffered a major coordinated attack on our own soil. While thegovernment has done good work in preventing an attack like 9/11 from happening again, we want to ensure that we are preparing for a new paradigm in which relatively cheap drones can quickly and effectively wipe out core military and government infrastructure.

    While American threat projection globally is strong among all the branches of the military, we need to be prepared for a new paradigm of covert, but potentially disastrous, threats to our core military interests, including our nuclear triad in the homeland.

    Following the successful U.S. strikes on Iranian nuclear facilities at Fordo, Natanz, and Isfahan, it is imperative that we ensure the readiness and security of our military bases, critical infrastructure, and overseas diplomatic installations. A potential Iranian response could involve direct attacks here at home or abroad. We must take all necessary measures to safeguard our service members and defend our interests at this time.

    Any information you can provide in response to the following questions would be helpful:

    • What is the status of American countermeasures to deter and counter mass drone attacks against military installations, government facilities (including Washington D.C.), and critical infrastructure like roads, bridges, and manufacturing sites?
    • If defenses are currently inadequate to deter or repel drone attacks similar to those referenced above, what steps are being taken to address them, and what is the timeline for implementation?
    • Is the DOD or DHS aware of or actively working to deter potential threats posed by foreign-owned land near critical military and infrastructure sites in the United States that could be a launching point for a mass drone attack like we saw in Russia by Ukrainian forces?
    • Is there a concern of any sort of weaponized drone buildup already happening in theUnited States from drones that may have been smuggled in due to the former administration’s open border policies?
    • Will counter-drone technology be considered for President Trump’s Golden Dome air defense project?

    Thank you for your attention to this matter.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Kelly votes for One Big Beautiful Bill, supports tax cuts for small businesses & hardworking Pennsylvanians

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    WASHINGTON, D.C. — Today, U.S. Rep. Mike Kelly (R-PA), Chairman of the Ways & Means Subcommittee on Tax, voted in favor of the One Big Beautiful Bill Act, a package of legislation that provides tax cuts, cuts spending, secures the border, expands American energy production, and more.

    “On November 5th, the American people made it clear – they voted for President Donald J. Trump by an overwhelming majority. The President campaigned on many policies in the One Big Beautiful Bill Act, from tax cuts to securing our border to unleashing American energy. Today, the House of Representatives delivered on that promise,” said Rep. Kelly. “From employers to employees, from children to seniors, this legislation provides historic investments in Western Pennsylvania and the United States, both for today and for generations to come.”

    BACKGROUND

    The One Big Beautiful Bill Act Supports Workers & Small Businesses

    • Makes the 2017 Trump tax cuts permanent – protecting the average taxpayer from a 22 percent tax hike.
    • Eliminates tax on tips and eliminates tax on overtime for hourly workers
    • Strengthens our local manufacturers by preserving over 12,000 industry jobs in Pennsylvania’s 16th Congressional District, home to one of the highest concentrations of small manufacturers in the country, according to the National Association of Manufacturers.
    • Small businesses will also find an update to Section 199A, a critical boost to the qualified business income deduction.

    The One Big Beautiful Bill Act Supports Pennsylvania Families

    • Delivers a family of four an additional $1,228 tax cut annually for families in Pennsylvania’s 16th Congressional District.
    • Provides tax relief for seniors on Social Security by raising the standard deduction.
    • Creates new “Trump Accounts,” a $1,000 investment account for every child born over the next four years. The fund grows tax-free until the child reaches adulthood.
    • Expands Child Tax Credit, allowing parents to save more money. Without the One Big Beautiful Bill, that credit would have been cut in half.

    The One Big Beautiful Bill Act Supports Pennsylvania Communities

    • Makes permanent and expands Rep. Kelly’s Opportunity Zones (OZ) legislation, which encourages private investment in low-income communities. To date, more than $115 million in private-dollar investment to work in the downtown Erie with OZs spurring more than $400 million of long-term capital investment at work.
    • Makes permanent and increases the doubled Death Tax Exemption for 2 million family-owned farms.
    • Strengthens the Medicaid program by creating common sense work requirements and necessary oversight to ensure taxpayer dollars are properly allocated.

    MIL OSI USA News

  • MIL-OSI USA: Rep. Sara Jacobs Votes Against Trump’s Budget that Strips Health Care, Food Assistance Away From Millions of People

    Source: United States House of Representatives – Congresswoman Sara Jacobs (D-CA-53)

    July 03, 2025

    Rep. Sara Jacobs (CA-51) voted against Republicans’ budget that cuts health care, food assistance, education, and consumer protection in order to pay for tax breaks for the ultra-rich and corporations. The bill now heads to President Trump’s desk for his signature.

    Rep. Sara Jacobs said: “The consequences of this bill will reverberate for generations, widening the chasm between our country’s two social classes: the rich and powerful, and everyone else. It will kick 17 million people off their health insurance and close rural hospitals, nursing homes, and health clinics. It will take away health care from 5-year-old Delilah and 2-year-old Cesar, whom I met earlier this year and who rely on Medi-cal to navigate and pay for their many health conditions. This bill will force the biggest cut ever to SNAP – our country’s biggest and best program to address food insecurity – when the San Diego Food Bank already serves 400,000 San Diegans every single month. And it would leave four million children without access to nutrition assistance and 18 million kids at risk of losing their free and reduced-price school lunches. Meanwhile, this bill would explode our deficit and reward the richest Americans and the biggest corporations that don’t need any government help.

    “I fundamentally believe that government can be a force for good and make people’s lives better, but this bill represents government at its worst. It cements inequality by eliminating the few levers that people have to escape and stay out of poverty. It saddles future generations with enormous debt and a sicker and hungrier workforce. And it further erodes the American people’s trust in government, paving the way for further authoritarian power-grabs. I know that people are feeling lost and demoralized right now, but there are still people in Congress – including me – fighting for you.”

    ###

    MIL OSI USA News

  • Aadhaar authentication hits 230 crore in June, face scans surge to all-time high

    Source: Government of India

    Source: Government of India (4)

    Aadhaar authentication transactions surged to nearly 230 crore in June 2025, marking a 7.8 percent year-on-year increase, according to data released by the Unique Identification Authority of India (UIDAI).

    A total of 229.33 crore transactions were recorded during the month, surpassing both May 2025 and June 2024, highlighting the expanding footprint of Aadhaar in India’s digital ecosystem.

    With this, the cumulative Aadhaar authentication transactions since inception have crossed 15,452 crore, underscoring its central role in welfare delivery and access to services across sectors.

    The AI/ML-powered Face Authentication solution, developed in-house by UIDAI, also hit a record 15.87 crore transactions in June — a more than threefold jump from 4.61 crore a year ago. Since its launch, the face authentication modality has been used nearly 175 crore times.

    UIDAI said the face authentication tool, compatible with both Android and iOS devices, is being adopted by over 100 government and private entities — including ministries, financial institutions, oil marketing companies, and telecom operators — for seamless identity verification and service delivery.

    The month also saw over 39.47 crore Aadhaar e-KYC transactions, reaffirming its importance in streamlining customer onboarding and enhancing the ease of doing business, particularly in the banking and NBFC sectors.

  • MIL-OSI Security: Former FBI Procurement Official Agrees to Plead Guilty to Bid-Rigging Scheme to Obtain Electronics Contracts

    Source: US FBI

    LOS ANGELES – A former electronics technician at the FBI’s Los Angeles Field Office and his sister were charged today with conspiring to defraud the United States to obtain at least $350,000 in low-bid electronics equipment contracts from the FBI.

    Jeffrey Spencer, 51, of Canyon Country, and Christy Evereklian, 43, of Temecula, were charged via a single-count information filed today with conspiracy to defraud the United States. In plea agreements also filed today, Spencer and Evereklian both agreed to plead guilty to the felony offense, which carries a statutory maximum sentence of five years in federal prison. 

    Spencer and Evereklian are expected to enter their guilty pleas in the coming weeks in United States District Court in downtown Los Angeles. 

    According to their plea agreements, from August 2015 through August 2020, Spencer and Evereklian conspired to defraud the United States by impeding the solicitation of competitive bids for electronic equipment by deceitful and dishonest means. Spencer, who was an FBI procurement official and solicited bids for electronic equipment, conspired with Evereklian to submit purportedly independent and competitive bids from Evereklian’s several companies for FBI contracts.

    In fact, Spencer and Evereklian already had decided which company would submit the lowest – and presumably winning – bid for a contract. Evereklian submitted bids from her own companies to the FBI using the names of her relatives to conceal her control over bidding companies, and she used a random number generator to create the fraudulent bids. 

    Evereklian further admitted in her plea agreement that during the conspiracy, her companies won at least $350,000 in contracts from the FBI. 

    The United States Department of Justice Office of Inspector General conducted the investigation in this matter as part of the Procurement Collusion Strike Force (PCSF).

    Assistant United States Attorney Jason Pang of the General Crimes Section is prosecuting this case.

    MIL Security OSI

  • MIL-OSI: Wealth Megatrends Releases 2025 Forecast Update on Gold Prediction Amid Historic Surge in Central Bank Demand

    Source: GlobeNewswire (MIL-OSI)

    Palm Beach Gardens, July 03, 2025 (GLOBE NEWSWIRE) —

    FOR IMMEDIATE RELEASE

    SECTION 1 – INTRODUCTION

    The gold market has re-entered a cycle of historic attention as macroeconomic uncertainty accelerates worldwide. In early 2025, gold prices surged beyond $3,200 per ounce for the first time on record, prompting a surge in online interest, independent forecasts, and portfolio reassessments. This surge can be attributed to factors such as recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation, which have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    This trend is rooted in increasingly visible disruptions across both U.S. and international markets. Recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    Gold’s long-term historical performance, a key factor in its investment potential, continues to draw analytical interest. Since 2000, the metal has averaged over 20% annualized returns in periods of monetary dislocation, with only four annual declines in the past 25 years. This statistical consistency has aligned with peak search periods around previous crises, including the 2008 financial collapse, the 2020 pandemic response, and inflation spikes of the 1970s, providing reassurance to potential investors.

    As the dollar weakens and equity markets exhibit erratic momentum, digital conversations have also expanded beyond physical gold. Investor attention is turning toward ancillary market sectors with cyclical ties to the price of gold, specifically gold mining equities, royalty streaming models, and historically correlated commodities. In response to this emerging wave of interest, financial analysts and newsletter platforms have begun re-evaluating the long-term implications of sustained gold appreciation under current monetary and geopolitical conditions.

    To explore the full gold forecast and related analysis from Sean Brodrick, visit the Wealth Megatrends research platform at: www.weissratings.com.

    SECTION 2 – COMPANY / PRODUCT ANNOUNCEMENT

    In its latest macroeconomic outlook, Wealth Megatrends, backed by the highly respected and seasoned precious metals researcher Sean Brodrick, has released an updated analysis. His projection of a potential rise in gold prices to $6,900 per ounce—more than double current levels-is a significant milestone in the gold market. This projection, based on more than two decades of field-based research across global mining markets, follows gold’s recent break past $3,200, a milestone Brodrick had publicly projected following key shifts in post-election market dynamics and intensifying global trade disruptions.

    Brodrick’s projections are informed by more than two decades of field-based research across global mining markets. They are developed in collaboration with Weiss Ratings, an independent financial analysis firm known for its longstanding data-driven forecasting models. Founded nearly a century ago, Weiss Ratings has established a reputation for identifying risk-adjusted investment trends early in their cycle across multiple sectors, including commodities. Wealth Megatrends, on the other hand, is a leading authority in macroeconomic trends and has a track record of accurate forecasts in the precious metals market.

    The latest gold outlook presented through Wealth Megatrends is framed within the broader thesis that structural volatility—driven by tariffs, debt accumulation, and rising capital flight—may continue to pressure fiat currencies and redirect both institutional and sovereign interest toward hard assets. Within that narrative, Brodrick identifies gold’s current trajectory as part of a long-form secular cycle, where historical comparisons to the 1970s, early 2000s, and post-2008 recovery periods offer a relevant benchmark.

    The forecast does not focus solely on bullion pricing. Instead, it emphasizes the importance of understanding how gold-related equities—specifically gold mining stocks—have historically shown outsized performance during similar macroeconomic phases. While physical gold has traditionally served as a wealth preservation tool, equities tied to its production have demonstrated the potential for amplified movement, often reflecting operational leverage and commodity price elasticity. This comprehensive view of the market, providing a holistic understanding, is crucial for investors seeking to maximize their returns and feel prepared for their investment decisions.

    Wealth Megatrends positions this update as part of its ongoing commitment to transparency in informational research within the investment landscape. All perspectives are based on publicly observable market behavior, historical analogs, and forward-looking interpretations of supply-demand dislocations currently underway in the precious metals ecosystem. This commitment ensures that our audience can trust the information we provide.

    SECTION 3 – TREND ANALYSIS / CONSUMER INTEREST

    As uncertainty continues to shape global markets, search behavior and investor sentiment have undergone a noticeable shift. Interest in “gold forecast,” “gold prediction 2025,” and “how to invest in gold mining stocks” has surged across digital platforms. Concurrently, investment forums, macroeconomic newsletters, and institutional reports have intensified their coverage of gold and related asset classes, driven by elevated concerns over inflation, currency depreciation, and geopolitical fragmentation.

    Beyond retail curiosity, sovereign actors are playing an increasingly visible role in gold market dynamics. According to international financial reporting, global central banks have significantly increased their gold reserves over the last five years, with holdings reaching multi-decade highs. Nations such as China, Russia, Saudi Arabia, and Hungary have expanded their stockpiles, while institutions like the IMF have noted a material decline in U.S. dollar reserve dominance. This broader pivot toward physical gold reflects a growing skepticism toward traditional currency systems, particularly after recent asset seizures and shifting global monetary policies.

    At the same time, prominent hedge fund managers and macro investors have reportedly rotated capital into precious metals and resource equities. Though motivations vary—from protection against dollar volatility to long-term diversification—the directional trend suggests a shared expectation of continued financial instability. These evolving behaviors have contributed to an ecosystem where gold-related content now performs at record engagement levels across both news outlets and investment research platforms.

    Notably, the discourse is also expanding beyond bullion. Mining stocks, streaming firms, and gold-sector ETFs have re-emerged in public conversations due to their historical pattern of outperforming the underlying metal during bull cycles. This pattern, often tied to operational leverage and production scalability, is once again being evaluated by market analysts seeking exposure to gold-aligned opportunities without the logistical or storage limitations of physical assets.

    Additional insights into long-cycle gold behavior, macro trends, and equity exposure models are available through the Wealth Megatrends monthly publication, produced by Weiss Ratings.

    SECTION 4 – TECHNOLOGY SPOTLIGHT

    Within the broader conversation about gold’s long-term role in financial strategy, renewed interest is emerging in an adjacent category: publicly traded gold mining companies. Historically, these companies have moved directionally with the price of gold but have shown the potential for outsized volatility—both upward and downward—due to the inherent operating leverage tied to commodity prices.

    Mining equities represent businesses engaged in the extraction, production, and refinement of gold, often operating across geographically diverse sites. Their revenue models are influenced not only by prevailing spot prices but also by internal efficiencies, fixed operating costs, jurisdictional stability, and resource scalability. This makes them a subject of focused interest for market analysts seeking to interpret how rising gold prices might impact corporate financial performance within the sector.

    In previous gold bull markets—such as those seen in the 1970s, early 2000s, and post-2008—specific gold mining equities exhibited exponential price action relative to the metal itself. This pattern, commonly attributed to margin expansion, arises when rising gold prices exceed fixed production costs. While the price of gold may increase incrementally, the profitability of certain miners can shift more dramatically under favorable conditions, depending on operational factors such as grade, jurisdiction, and scale of output.

    Recent digital commentary also reflects growing awareness of gold mining sub-sectors, including royalty and streaming companies. These entities do not engage directly in mining but instead finance producers in exchange for a fixed share of production, often at below-market rates. As a result, they tend to operate with reduced overhead and exposure, while still participating in the broader gold cycle.

    SECTION 5 – USER JOURNEY NARRATIVE / MARKET RECEPTION

    Public conversation around gold has shifted dramatically in recent quarters, with online forums, financial publications, and independent research platforms documenting a growing reappraisal of gold’s long-term role in diversified strategies. Once considered a niche or defensive holding, gold is increasingly being positioned by investors as a foundational asset in the face of mounting systemic uncertainty.

    The transition in tone—from peripheral interest to mainstream reconsideration—has coincided with several economic flashpoints. These include the recalibration of central bank policies, persistent inflation indicators, and pronounced volatility in both equity and fixed-income markets. As global confidence in fiat stability continues to waver, discourse around asset preservation has taken on new urgency. In this environment, physical gold is commonly cited as a symbolic safeguard, while gold-linked equities are being explored for their cyclical performance dynamics.

    This renewed attention is not limited to physical asset holders. Retail investors who previously focused on conventional equities or index strategies are now engaging with educational content around gold mining companies, royalty models, and global production footprints. Meanwhile, institutional portfolios have been observed increasing their allocations to tangible asset categories, sometimes through passive vehicles that provide exposure to diversified gold equity baskets.

    Notably, this shift in tone is not driven solely by performance metrics but by a broader cultural narrative about financial resilience, global realignment, and the search for assets that exist outside centralized systems.

    Wealth Megatrends is a subscription-based research newsletter published monthly by Weiss Ratings. It provides economic cycle analysis for informational purposes only.

    SECTION 6 – AVAILABILITY AND TRANSPARENCY

    Readers seeking additional context on gold market cycles, equity sector dynamics, or commodity-aligned investment frameworks can find expanded analysis in the Wealth Megatrends publication. The platform is designed to offer economic research and independent forecasting centered around macroeconomic cycles, resource asset classes, and long-term portfolio theory.

    All materials are presented for informational purposes only and are developed using a combination of historical market analysis, third-party data synthesis, and independent evaluation of publicly available company performance metrics. No materials constitute financial advice or investment guidance. Instead, Wealth Megatrends content is intended to support educational exploration for individuals seeking to understand the structural drivers behind evolving market behavior.

    SECTION 7 – FINAL OBSERVATIONS & INDUSTRY CONTEXT

    The renewed momentum behind gold and gold-aligned equities reflects a broader shift in investor expectations across global markets. What began as a defensive reaction to short-term economic stressors has evolved into a long-term reassessment of value preservation frameworks and asset decentralization strategies. Within this environment, commodities such as gold and, by extension, mining sector exposure have re-emerged as central discussion points in the allocation strategies of both institutional and individual investors.

    The movement is not isolated to metals alone. It parallels a growing trend toward so-called “clean-label assets”—investments perceived as tangible, auditable, and less reliant on third-party counterparty risk. This shift mirrors consumer demand in other sectors, where transparency, operational integrity, and verifiable origin are increasingly prioritized over yield projections or promotional narratives.

    As global policy tools face scrutiny and traditional diversification models come under pressure, the precious metals space may continue to serve as both a barometer and a response mechanism to macroeconomic volatility.

    SECTION 8 – PUBLIC COMMENTARY THEME SUMMARY

    Public commentary surrounding the current gold cycle reflects a diverse mix of enthusiasm, skepticism, and inquiry. A recurring theme among bullish observers is the belief that structural global instability—encompassing monetary policy and geopolitical shifts—has triggered a renewed case for gold as a long-term asset.

    At the same time, some participants express concern over the potential for near-term overvaluation. A recurring discussion point involves the pace of recent gains and whether market enthusiasm may be outpacing underlying supply-demand fundamentals.

    Discussions across digital channels also reflect an evolving understanding of how gold-related equities behave differently from physical bullion. Some have noted that while gold mining stocks can amplify exposure to the metal’s price, they may also introduce operational, jurisdictional, or liquidity risks not present in the physical commodity itself.

    Another frequently cited theme involves the role of silver and other precious metals within the current narrative. Some market observers have expressed curiosity about whether these secondary metals will follow gold’s trajectory or establish differentiated cycles based on industrial demand and production forecasts.

    ABOUT THE COMPANY

    Founded to help investors navigate complex economic cycles, Wealth Megatrends is a monthly research publication that provides independent, data-driven analysis across precious metals, energy, and global resource sectors. Veteran cycles analyst Sean Brodrick leads the newsletter and is part of the Weiss Ratings ecosystem, a firm originally established in 1971 and known for its transparent approach to financial modeling and risk assessment.

    The publication does not provide investment advice, treatment, or diagnostic services and is intended strictly for educational and informational purposes.

    Contact:

    The MIL Network

  • MIL-OSI: Wealth Megatrends Releases 2025 Forecast Update on Gold Prediction Amid Historic Surge in Central Bank Demand

    Source: GlobeNewswire (MIL-OSI)

    Palm Beach Gardens, July 03, 2025 (GLOBE NEWSWIRE) —

    FOR IMMEDIATE RELEASE

    SECTION 1 – INTRODUCTION

    The gold market has re-entered a cycle of historic attention as macroeconomic uncertainty accelerates worldwide. In early 2025, gold prices surged beyond $3,200 per ounce for the first time on record, prompting a surge in online interest, independent forecasts, and portfolio reassessments. This surge can be attributed to factors such as recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation, which have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    This trend is rooted in increasingly visible disruptions across both U.S. and international markets. Recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    Gold’s long-term historical performance, a key factor in its investment potential, continues to draw analytical interest. Since 2000, the metal has averaged over 20% annualized returns in periods of monetary dislocation, with only four annual declines in the past 25 years. This statistical consistency has aligned with peak search periods around previous crises, including the 2008 financial collapse, the 2020 pandemic response, and inflation spikes of the 1970s, providing reassurance to potential investors.

    As the dollar weakens and equity markets exhibit erratic momentum, digital conversations have also expanded beyond physical gold. Investor attention is turning toward ancillary market sectors with cyclical ties to the price of gold, specifically gold mining equities, royalty streaming models, and historically correlated commodities. In response to this emerging wave of interest, financial analysts and newsletter platforms have begun re-evaluating the long-term implications of sustained gold appreciation under current monetary and geopolitical conditions.

    To explore the full gold forecast and related analysis from Sean Brodrick, visit the Wealth Megatrends research platform at: www.weissratings.com.

    SECTION 2 – COMPANY / PRODUCT ANNOUNCEMENT

    In its latest macroeconomic outlook, Wealth Megatrends, backed by the highly respected and seasoned precious metals researcher Sean Brodrick, has released an updated analysis. His projection of a potential rise in gold prices to $6,900 per ounce—more than double current levels-is a significant milestone in the gold market. This projection, based on more than two decades of field-based research across global mining markets, follows gold’s recent break past $3,200, a milestone Brodrick had publicly projected following key shifts in post-election market dynamics and intensifying global trade disruptions.

    Brodrick’s projections are informed by more than two decades of field-based research across global mining markets. They are developed in collaboration with Weiss Ratings, an independent financial analysis firm known for its longstanding data-driven forecasting models. Founded nearly a century ago, Weiss Ratings has established a reputation for identifying risk-adjusted investment trends early in their cycle across multiple sectors, including commodities. Wealth Megatrends, on the other hand, is a leading authority in macroeconomic trends and has a track record of accurate forecasts in the precious metals market.

    The latest gold outlook presented through Wealth Megatrends is framed within the broader thesis that structural volatility—driven by tariffs, debt accumulation, and rising capital flight—may continue to pressure fiat currencies and redirect both institutional and sovereign interest toward hard assets. Within that narrative, Brodrick identifies gold’s current trajectory as part of a long-form secular cycle, where historical comparisons to the 1970s, early 2000s, and post-2008 recovery periods offer a relevant benchmark.

    The forecast does not focus solely on bullion pricing. Instead, it emphasizes the importance of understanding how gold-related equities—specifically gold mining stocks—have historically shown outsized performance during similar macroeconomic phases. While physical gold has traditionally served as a wealth preservation tool, equities tied to its production have demonstrated the potential for amplified movement, often reflecting operational leverage and commodity price elasticity. This comprehensive view of the market, providing a holistic understanding, is crucial for investors seeking to maximize their returns and feel prepared for their investment decisions.

    Wealth Megatrends positions this update as part of its ongoing commitment to transparency in informational research within the investment landscape. All perspectives are based on publicly observable market behavior, historical analogs, and forward-looking interpretations of supply-demand dislocations currently underway in the precious metals ecosystem. This commitment ensures that our audience can trust the information we provide.

    SECTION 3 – TREND ANALYSIS / CONSUMER INTEREST

    As uncertainty continues to shape global markets, search behavior and investor sentiment have undergone a noticeable shift. Interest in “gold forecast,” “gold prediction 2025,” and “how to invest in gold mining stocks” has surged across digital platforms. Concurrently, investment forums, macroeconomic newsletters, and institutional reports have intensified their coverage of gold and related asset classes, driven by elevated concerns over inflation, currency depreciation, and geopolitical fragmentation.

    Beyond retail curiosity, sovereign actors are playing an increasingly visible role in gold market dynamics. According to international financial reporting, global central banks have significantly increased their gold reserves over the last five years, with holdings reaching multi-decade highs. Nations such as China, Russia, Saudi Arabia, and Hungary have expanded their stockpiles, while institutions like the IMF have noted a material decline in U.S. dollar reserve dominance. This broader pivot toward physical gold reflects a growing skepticism toward traditional currency systems, particularly after recent asset seizures and shifting global monetary policies.

    At the same time, prominent hedge fund managers and macro investors have reportedly rotated capital into precious metals and resource equities. Though motivations vary—from protection against dollar volatility to long-term diversification—the directional trend suggests a shared expectation of continued financial instability. These evolving behaviors have contributed to an ecosystem where gold-related content now performs at record engagement levels across both news outlets and investment research platforms.

    Notably, the discourse is also expanding beyond bullion. Mining stocks, streaming firms, and gold-sector ETFs have re-emerged in public conversations due to their historical pattern of outperforming the underlying metal during bull cycles. This pattern, often tied to operational leverage and production scalability, is once again being evaluated by market analysts seeking exposure to gold-aligned opportunities without the logistical or storage limitations of physical assets.

    Additional insights into long-cycle gold behavior, macro trends, and equity exposure models are available through the Wealth Megatrends monthly publication, produced by Weiss Ratings.

    SECTION 4 – TECHNOLOGY SPOTLIGHT

    Within the broader conversation about gold’s long-term role in financial strategy, renewed interest is emerging in an adjacent category: publicly traded gold mining companies. Historically, these companies have moved directionally with the price of gold but have shown the potential for outsized volatility—both upward and downward—due to the inherent operating leverage tied to commodity prices.

    Mining equities represent businesses engaged in the extraction, production, and refinement of gold, often operating across geographically diverse sites. Their revenue models are influenced not only by prevailing spot prices but also by internal efficiencies, fixed operating costs, jurisdictional stability, and resource scalability. This makes them a subject of focused interest for market analysts seeking to interpret how rising gold prices might impact corporate financial performance within the sector.

    In previous gold bull markets—such as those seen in the 1970s, early 2000s, and post-2008—specific gold mining equities exhibited exponential price action relative to the metal itself. This pattern, commonly attributed to margin expansion, arises when rising gold prices exceed fixed production costs. While the price of gold may increase incrementally, the profitability of certain miners can shift more dramatically under favorable conditions, depending on operational factors such as grade, jurisdiction, and scale of output.

    Recent digital commentary also reflects growing awareness of gold mining sub-sectors, including royalty and streaming companies. These entities do not engage directly in mining but instead finance producers in exchange for a fixed share of production, often at below-market rates. As a result, they tend to operate with reduced overhead and exposure, while still participating in the broader gold cycle.

    SECTION 5 – USER JOURNEY NARRATIVE / MARKET RECEPTION

    Public conversation around gold has shifted dramatically in recent quarters, with online forums, financial publications, and independent research platforms documenting a growing reappraisal of gold’s long-term role in diversified strategies. Once considered a niche or defensive holding, gold is increasingly being positioned by investors as a foundational asset in the face of mounting systemic uncertainty.

    The transition in tone—from peripheral interest to mainstream reconsideration—has coincided with several economic flashpoints. These include the recalibration of central bank policies, persistent inflation indicators, and pronounced volatility in both equity and fixed-income markets. As global confidence in fiat stability continues to waver, discourse around asset preservation has taken on new urgency. In this environment, physical gold is commonly cited as a symbolic safeguard, while gold-linked equities are being explored for their cyclical performance dynamics.

    This renewed attention is not limited to physical asset holders. Retail investors who previously focused on conventional equities or index strategies are now engaging with educational content around gold mining companies, royalty models, and global production footprints. Meanwhile, institutional portfolios have been observed increasing their allocations to tangible asset categories, sometimes through passive vehicles that provide exposure to diversified gold equity baskets.

    Notably, this shift in tone is not driven solely by performance metrics but by a broader cultural narrative about financial resilience, global realignment, and the search for assets that exist outside centralized systems.

    Wealth Megatrends is a subscription-based research newsletter published monthly by Weiss Ratings. It provides economic cycle analysis for informational purposes only.

    SECTION 6 – AVAILABILITY AND TRANSPARENCY

    Readers seeking additional context on gold market cycles, equity sector dynamics, or commodity-aligned investment frameworks can find expanded analysis in the Wealth Megatrends publication. The platform is designed to offer economic research and independent forecasting centered around macroeconomic cycles, resource asset classes, and long-term portfolio theory.

    All materials are presented for informational purposes only and are developed using a combination of historical market analysis, third-party data synthesis, and independent evaluation of publicly available company performance metrics. No materials constitute financial advice or investment guidance. Instead, Wealth Megatrends content is intended to support educational exploration for individuals seeking to understand the structural drivers behind evolving market behavior.

    SECTION 7 – FINAL OBSERVATIONS & INDUSTRY CONTEXT

    The renewed momentum behind gold and gold-aligned equities reflects a broader shift in investor expectations across global markets. What began as a defensive reaction to short-term economic stressors has evolved into a long-term reassessment of value preservation frameworks and asset decentralization strategies. Within this environment, commodities such as gold and, by extension, mining sector exposure have re-emerged as central discussion points in the allocation strategies of both institutional and individual investors.

    The movement is not isolated to metals alone. It parallels a growing trend toward so-called “clean-label assets”—investments perceived as tangible, auditable, and less reliant on third-party counterparty risk. This shift mirrors consumer demand in other sectors, where transparency, operational integrity, and verifiable origin are increasingly prioritized over yield projections or promotional narratives.

    As global policy tools face scrutiny and traditional diversification models come under pressure, the precious metals space may continue to serve as both a barometer and a response mechanism to macroeconomic volatility.

    SECTION 8 – PUBLIC COMMENTARY THEME SUMMARY

    Public commentary surrounding the current gold cycle reflects a diverse mix of enthusiasm, skepticism, and inquiry. A recurring theme among bullish observers is the belief that structural global instability—encompassing monetary policy and geopolitical shifts—has triggered a renewed case for gold as a long-term asset.

    At the same time, some participants express concern over the potential for near-term overvaluation. A recurring discussion point involves the pace of recent gains and whether market enthusiasm may be outpacing underlying supply-demand fundamentals.

    Discussions across digital channels also reflect an evolving understanding of how gold-related equities behave differently from physical bullion. Some have noted that while gold mining stocks can amplify exposure to the metal’s price, they may also introduce operational, jurisdictional, or liquidity risks not present in the physical commodity itself.

    Another frequently cited theme involves the role of silver and other precious metals within the current narrative. Some market observers have expressed curiosity about whether these secondary metals will follow gold’s trajectory or establish differentiated cycles based on industrial demand and production forecasts.

    ABOUT THE COMPANY

    Founded to help investors navigate complex economic cycles, Wealth Megatrends is a monthly research publication that provides independent, data-driven analysis across precious metals, energy, and global resource sectors. Veteran cycles analyst Sean Brodrick leads the newsletter and is part of the Weiss Ratings ecosystem, a firm originally established in 1971 and known for its transparent approach to financial modeling and risk assessment.

    The publication does not provide investment advice, treatment, or diagnostic services and is intended strictly for educational and informational purposes.

    Contact:

    The MIL Network

  • MIL-Evening Report: 6 simple questions to tell if a ‘finfluencer’ is more flash than cash

    Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, Associate Professor, Emerging Technologies and FinTech | FinTech Capability Lead, Swinburne University of Technology

    Oleg Golovnev/Shutterstock

    Images of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumers should watch out for when they turn to social media for financial advice.

    Consumers should not believe everything they see on Instagram, TikTok or YouTube from the growing numbers of “finfluencers” – content creators who build their audience by giving out financial advice.

    The regulator responsible for financial products and advice, the Australian Securities and Investments Commission (ASIC), has issued warning notices to 18 social media finfluencers. ASIC said it suspects they have broken the law by promoting high-risk financial products or providing unlicensed financial advice. ASIC did not name them.

    So, why is regulated financial advice important and what are some of the common practices finfluencers use to attract followers and customers?

    Financial advice rules explained

    Australian Financial Services laws are designed to protect consumers and investors, while promoting the integrity of financial markets. It is both unethical and illegal to promote financial products without proper authorisation.

    In Australia, it is an offence under the Corporations Act to provide financial advice without an Australian Financial Services licence. Penalties include up to five years’ imprisonment or fines of A$1 million or more.

    ASIC issued a similar warning to online finfluencers in 2022. Since then, the number of social media posts by unauthorised finfluencers have substantially reduced.

    Many finfluencers became licensed or authorised representatives of a licensee, along with being more diligent about what they were posting online. Natasha Etschmann, with 300,000 Instagram and TikTok followers at @TashInvests, became licensed immediately after the 2022 warning.

    Some other finfluencers were arrested, issued fines or ordered to take down their websites.

    High-risk products

    However, some finfluencers who style themselves as “trading experts” continue to provide unauthorised financial advice, usually for a fee or commission. They promote high-risk, complex investment products that can cause consumers substantial harm.

    These products include contracts-for-difference
    and over-the-counter derivative products that do not trade on an exchange. ASIC says its current concerns lie with these content creators:

    Their social media content is often accompanied by misleading or deceptive representations about the prospects of success from the products or trading strategies they promote, sharing images of lavish lifestyles, sports cars and other luxury goods.

    What to watch on socials

    About 41% of young Australians aged 18 to 30 look online for financial information or advice.

    While budgeting tips can be helpful, it’s important to be extra careful with online financial advice. Consumers should not believe everything they see on social media.

    Conducting due diligence and checking finfluencers’ credentials on ASIC’s Professional Registers search tool is crucial. Choose expert and licensed finfluencers rather than accounts with large followings and exaggerated or misleading claims. Popularity does not always mean credibility.

    There are certain red flags to watch out for. Some finfluencers use pseudonyms. They promote “exclusive” financial advice content and access to “invitation-only” online communities for a fee. In many cases, they lack credible experience or certified financial planning training to provide financial advice.

    Your finfluencer vetting toolkit

    When choosing to follow or acquire the services of a finfluencer, ask:

    1. is this finfluencer licensed or authorised?

    2. how realistic are the promised financial outcomes? Are they too good to be true?

    3. does the finfluencer disclose their personal financial position or investments when discussing financial products or strategies?

    4. are they transparent about? their track record of accuracy or accountability?

    5. do they address publicly a case when their audience lost money from a strategy they recommended?

    6. does the finfluencer tailor content to different investment risk profiles or financial maturity levels in their audiences?

    Are you being sold a dream?

    Social media finfluencer content can often come with misleading or deceptive representations (such as the sports cars and luxury goods that ASIC has warned about). Content may overstate the prospects of success and potential profits.

    Some – usually unlicensed – finfluencers use social media content as “proof” of their financial expertise. One common practice is to try to lure consumers by creating a hyped world around their own personal lifestyle. Many finfluencers often extend invitations to consumers to join closed forums to “learn” their hidden secrets to success or copy their “famous” trading practices.

    These finfluencers usually try to convince consumers they can achieve a similar lifestyle by following their advice.

    Finfluencers are global

    ASIC issued the warnings as part of a recent global week of action. ASIC and eight regulators from the United Kingdom, United Arab Emirates, Italy, Hong Kong and Canada took coordinated action to disrupt unlawful finfluencer activity.
    The global campaign aims to raise awareness about unlawful finfluencer activity, protect consumers, and prevent them from investing after encountering misleading content.

    Consumers need to distinguish between credible financial advice and self-serving or misleading content before trusting their money to anyone.

    Spotted unlicensed influencer activity? Report this misconduct to ASIC.

    Dimitrios Salampasis is a Fellow of the Financial Services Institute of Australasia (FINSIA), member of the Australian Institute of Company Directors (AICD) and member of the Singapore Institute of Directors (SID).

    ref. 6 simple questions to tell if a ‘finfluencer’ is more flash than cash – https://theconversation.com/6-simple-questions-to-tell-if-a-finfluencer-is-more-flash-than-cash-259906

    MIL OSI AnalysisEveningReport.nz