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Category: Business

  • MIL-OSI Submissions: Africa – From natural resources to natural capital: Africa charts path to prosperity in Nairobi

    Source: Global Landscapes Forum (GLF)

    GLF Africa 2025 gathered nearly 2,500 people online and in Nairobi, Kenya, to explore and learn from experts how communities and ecosystems across the continent can thrive under a nature economy.  

    Nairobi, Kenya (19 June 2025) – Today, GLF Africa 2025: Innovate, Restore, Prosper – hosted by the Global Landscapes Forum (GLF) and CIFOR-ICRAF – brought together nearly 2,500 participants from 118 countries online and in Nairobi, Kenya, to explore how local communities are spearheading a green transition across Africa.  

    The Forum, which has reached over 9 million people on social media, convened African and global innovators, scientists, investors and community leaders to raise their voices, share insights and spotlight how grassroots action is leading the way – from ecosystem restoration, land rights and diverse knowledge systems to green jobs, natural capital and AI.  

    Here’s what experts shared at GLF Africa 2025:

    Innovation and AI for people and planet

    “When raw data is given meaning, it becomes information. When information is put into context, it becomes knowledge. And when knowledge becomes actionable and applied, only then does it become wisdom. That is the work we all need to do – to move into wisdom territory. To turn data into gold. Africa already has immense natural capital. It’s our responsibility to bring intelligence, meaning and context towards a nature economy.” – Éliane Ubalijoro, CEO, CIFOR-ICRAF.

    “AI technology is going to help us only when we include the farmer not just as the end user but as a co-creator in our solutions. … Leveraging what people know is one way we can find better fitting solutions for them.” – Esther Maina, Geospatial Developer, Kenya Space Agency.

    “Data and AI play a pivotal role in unlocking some of those insights that we’ve never had access to before, bringing a level of transparency that can restore trust in our ecosystem. Data creates transparency, transparency creates trust, and trust accelerates investments. It will only work, though, if we really start treating our natural capital as a core economic driver … with the potential to unlock trillions in capital.” – Kate Kallot, Founder & CEO, Amini AI

    Restoring and reclaiming Africa’s landscapes  

    “Land rights are the foundation for Africa’s nature economy. How can we make sure that Africa’s relationship with the West or the private sector is based on a win-win situation? We all know that the West has the technology, but we have the resources, so that should put Africa in a very powerful bargaining position.” – Solange Bandiaky-Badji, President, Rights and Resources Group (RRG), Coordinator, Rights and Resources Initiative (RRI)

    “Indigenous people, particularly those on drylands – they have been living their life for generations, overcoming challenges and uncertainties just with the simple knowledge of understanding the environment.” – Joshua Laizer, Co-founder, Tanzania Conservation and Community Empowerment Initiative (TACCEI) and GLFx Maasai Steppe

    “We need to create enabling ecosystems that support people to do more restoration and tap into nature-based economies, because policies without people is just poetry.” – Melyn Abisa, INUKA Project coordinator, Youth4Nature

    Prosperity through working with nature

    “We [need to] give value to our biomass … that helps keep natural capital in the right state. The current model that we operate in the restoration community is only capturing and valuing 6–10% of the biomass. It’s largely based around commodities and non-timber forest products: coffee, cashew, macadamia, timber. We export everything raw.” – Peter Minang, Director for Africa, CIFOR-ICRAF.

    “We need a shift from aid to investment-centered development. Africa is home to $6.5 trillion in natural resources, a population that is about to reach 2.5 billion by 2050 and 60% of the world’s renewable energy potential. This is not a charity case. This is a compelling investment case that the world cannot afford to ignore.” – Sellah Bogonko, Co-Founder and CEO, Jacob’s Ladder Africa.

    “Africa’s nature economy has the potential to sustain ourselves, so there’s no need for us to heavily rely on foreign aid. We are our own resource” – Steve Misati, Director at Youth Pawa and 2024 Ocean Restoration Steward.

    FIGURES

    Over 60% of Africa’s economy relies on its natural capital – from forests and biodiversity to water and land.    
    Investing in restoration and sustainable landscape practices could deliver major ecological, social and financial returns, with up to 600% returns on investment.
    Up to 70% of communities in Sub-Saharan Africa rely on forests and woodlands for their livelihoods.
    65% of Africa’s productive landscapes are degraded, driven largely by the climate crisis, insecure land rights and underfunded restoration initiatives.
    Africa’s demands for food, shelter and jobs will increase as its population is expected to grow from 1.5 billion to 2.5 billion by 2050.

    Rewatch GLF Africa 2025 for free and learn first-hand what all experts shared: bit.ly/GLFAfrica2025.

    ABOUT THE GLF

    The Global Landscapes Forum (GLF) is the world’s largest knowledge-led platform on integrated land use, connecting people with a shared vision to create productive, profitable, equitable and resilient landscapes. It is led by the Center for International Forestry Research and World Agroforestry (CIFOR-ICRAF), in collaboration with its co-founders UNEP and the World Bank, and its charter members. Learn more at www.globallandscapesforum.org.

    MIL OSI – Submitted News –

    June 20, 2025
  • MIL-OSI China: Hong Kong becoming more attractive as int’l financial center: spokesperson

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

    BEIJING, June 19 — Hong Kong is becoming more attractive as an international financial center, and it is drawing more foreign companies and individuals to make investments and start new businesses, a Chinese foreign ministry spokesperson said on Thursday.

    Spokesperson Guo Jiakun made the remarks at a regular news briefing when asked to comment on Hong Kong’s rise in the rankings in the 2025 IMD World Competitiveness Yearbook, released recently by the International Institute for Management Development (IMD) in Lausanne, Switzerland.

    The yearbook said Hong Kong advances to the third position in the global competitiveness rankings. This is the first time Hong Kong has returned to top three in the rankings since 2019. The yearbook also puts Hong Kong at the first in the Tax Policy and Business Legislation rankings.

    “The yearbook is a recognition of Hong Kong’s unique position and strength, and the prospect of ‘one country, two systems.’ Hong Kong has entered a stage where it is set to thrive,” Guo said, adding that Hong Kong remains one of the world’s freest economies and most competitive regions.

    According to statistics, the Hong Kong Exchanges and Clearing Limited (HKEX) gained No.1 spot in global fundraising in the first half of this year, with a total amount of 14 billion U.S. dollars. The number of overseas visitors received by Hong Kong in the first five months of this year rose by 18 percent year on year, and a number of large international companies have redomiciled to Hong Kong, Guo said.

    “Those are votes of confidence for Hong Kong from the international community,” he said.

    Noting the Hong Kong national security law will soon enter its fifth year of implementation, Guo said China believes that with the institutional safeguards of “one country, two systems,” and given Hong Kong’s unique advantage of having the backing of the motherland and being connected to the world as well as a secure environment for high-quality development, Hong Kong is headed to an even brighter future.

    MIL OSI China News –

    June 20, 2025
  • MIL-OSI China: Trump extends TikTok shutdown deadline for third time

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

    U.S. President Donald Trump on Thursday signed an executive order to keep TikTok running in the United States for another 90 days, allowing his administration more time to negotiate a deal under the “sell-or-ban” law.

    Thus, TikTok can continue functioning for its 170 million users in the United States.

    This is the third time for Trump to extend the TikTok ban deadline. By Thursday’s executive order, the deadline will be further extended to September 17, 2025. Before then, Trump has extended the deadline twice each by 75 days on January 20 and April 4, 2025, respectively.

    Trump has amassed more than 15 million followers on TikTok, an app popular among American youth owned by China’s ByteDance Ltd., since he joined presidential race in 2024. He said in January that he has a “warm spot for TikTok.”

    As the extensions continue, it becomes less likely that TikTok will be banned in the United States any time soon, as the executive orders to keep TikTok alive have received some scrutiny but never faced a legal challenge in court, local media said.

    In his first term, Trump signed an executive order effectively seeking to ban the app in the country unless ByteDance sold its U.S operations to an American company. The order did not go into effect amid legal challenges.

    In April 2024, then-President Joe Biden signed a law giving ByteDance 270 days to sell TikTok, citing national security concerns. Under the law, failure to comply would require app store operators like Apple and Google to remove TikTok from their platforms starting Jan. 19, 2025.

    According to a recent Pew Research Center survey, about one-third of Americans support a TikTok ban, down from 50 percent in March 2023; roughly one-third oppose a ban; and a similar percentage are not sure.

    TikTok, originally known as Douyin in China, was launched in September 2016. It launched its international version, TikTok, later that year, but it wasn’t until August 2018 that TikTok merged with the lip-syncing app Musical.ly and became widely available in the United States. 

    MIL OSI China News –

    June 20, 2025
  • MIL-Evening Report: Many elite athletes live below the poverty line. Tax-deductible donations won’t solve the problem

    Source: The Conversation (Au and NZ) – By Michelle O’Shea, Senior Lecturer, School of Business, Western Sydney University

    Australia’s Jaclyn Narracott competes in the women’s skeleton at the Beijing 2022 Winter Olympics. Joe Klamar/AFP via Getty Images

    As the end of the 2024-25 financial year nears, the Australian Olympic Committee (AOC), in partnership with the Australian Sports Foundation (ASF), has launched a new joint fundraising initiative allowing Australians to make tax-deductible donations directly to Australia’s Olympians and Paralympians.

    The ASF is an “Item 1” Deductible Gift Recipient (DGR) and is the only organisation in Australia that allows a donor to claim a tax deduction for philanthropic donations to sport.

    This is because sport is not currently eligible for either DGR or charitable status under Australian law.

    But is this new joint fundraising initiative a gold medal idea for our athletes, or one that falls short of a podium finish?

    Aussies tax payers and Olympic dreams

    The new initiative, named the “Aspiring Australian Olympian Funding program”, means individual donations of A$2 or more made through the ASF are tax-deductible.

    Australians can direct funds to a specific athlete, coach or official selected to participate in representative, elite or high performance sport in the Olympic/Paralympic program (summer and winter).

    Depending on the donor’s marginal tax rate, the effective cost of a donation may be reduced up to 62% for the highest earners (over $250,000).

    For instance, a $1,000 donation could yield a tax refund of up to $470, bringing the net cost down to just $530.

    Companies paying the full company tax rate that donate $1,000 would reduce their tax by $300 (30%).

    Ahead of the Milano-Cortina 2026 Winter Olympic and Paralympic Games, more than 30 Australian athletes (from disciplines such as alpine skiing, bobsleigh and figure skating) have signed up to use the platform.

    However, many Australian athletes are struggling financially, so more financial support is needed.

    The brutal reality for many athletes

    The ASF’s 2023 “Running on Empty” report found many of Australia’s elite athletes were under significant financial pressure: 46% of those over the age of 18 were earning less than $23,000 per year. This places them below the poverty line at $489 a week.

    The report also found 67% of elite athletes said their financial struggles affected their parents and support networks. Also, 42% of elite athletes aged 18-34 reported they were suffering poor mental health as a result of their financial predicament.

    The report also found the costs of training, equipment, travel and accommodation continued to rise, resulting in many questioning the sustainability of elite sport funding models both here and abroad.

    Pros and cons

    The new funding program’s use of tax incentives as a funding carrot is good in principle, but there are potential unintended consequences.

    This includes athletes being pitted against one another: there is a danger the athletes best skilled in marketing and public relations will receive more funding.

    The current economic climate doesn’t bode well for the program. Many Australians are facing cost-of-living pressures, which means a lot of people may not be able to donate even if they want to.

    Also, what happens if an athlete who benefits from the program is injured or found to be a drug cheat, and can’t compete? Can a donor request a refund?

    Finally, taxpayers who have the most capacity to donate are likely high income earners, some of whom may donate to sport entities already. Now, their donations will be subsidised by the tax system.

    Some alternative ideas

    In the United Kingdom, National Lottery revenue plays a significant role in funding Olympic and Paralympic sports. Administered by UK Sport (the UK’s equivalent of the ASC) funds from the lottery are directed to high performance sports programs and athletes.

    This approach could be replicated in Australia.

    Another idea is to redirect a portion of government taxes collected from sports betting, which could be lucrative given Australia’s love of sports gambling.




    Read more:
    Gambling in Australia: how bad is the problem, who gets harmed most and where may we be heading?


    The federal government could offer a further incentive by matching peoples’ donations dollar for dollar.

    As we direct funds to athletes, we need also think about the potential tax impact for them. Will the funds they receive be considered income and be taxed? The government could consider making the payment to the athlete tax free.

    If we are going to succeed on the world stage, especially as the 2032 Brisbane Olympic and Paralympic Games approach, we need to financially support our athletes so they can focus on representing their country.

    Michelle O’Shea receives funding from the Olympic Studies Centre.

    Connie Vitale receives funding from the federal government as part of the National Tax Clinic Program. She is affiliated with the Institute of Public Accountants and Chartered Accountants Australia and New Zealand.

    Robert B Whait receives funding from the federal government as part of the National Tax Clinic Program, Financial Literacy Australia (now Ecstra Foundation), ANZ Bank, and the Consumer Policy Research Centre (CPRC). He is affiliated with the Tax Institute of Australia and Chartered Accountants Australia and New Zealand.

    – ref. Many elite athletes live below the poverty line. Tax-deductible donations won’t solve the problem – https://theconversation.com/many-elite-athletes-live-below-the-poverty-line-tax-deductible-donations-wont-solve-the-problem-258914

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-OSI Global: Nuclear scientists  have long been targets in covert ops – Israel has brought that policy out of the shadows

    Source: The Conversation – Global Perspectives – By Jenna Jordan, Associate Professor of International Affairs, Georgia Institute of Technology

    Portraits of Iranian military generals and nuclear scientists killed in Israel’s June 13, 2025, attack are displayed on a sign as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran Atta Kenare/AFP via Getty Images

    At least 14 nuclear scientists are believed to be among those killed in Israel’s Operation Rising Lion, launched on June 13, 2025, ostensibly to destroy or degrade Iran’s nuclear program and military capabilities.

    Deliberately targeting scientists in this way aims to disrupt Iran’s knowledge base and continuity in nuclear expertise. Among those assassinated were Mohammad Mehdi Tehranchi, a theoretical physicist and head of Iran’s Islamic Azad University, and Fereydoun Abbasi-Davani, a nuclear engineer who led Iran’s Atomic Energy Organization.

    Collectively, these experts in physics and engineering were potential successors to Mohsen Fakhrizadeh, widely regarded as the architect of the Iranian nuclear program, who was assassinated in a November 2020 attack many blame on Israel.

    As two political scientists writing a book about state targeting of scientists as a counterproliferation tool, we understand well that nuclear scientists have been targeted since the nuclear age began. We have gathered data on nearly 100 instances of what we call “scientist targeting” from 1944 through 2025.

    The most recent assassination campaign against Iranian scientists is different from many of the earlier episodes in a few key ways. Israel’s recent attack targeted multiple nuclear experts and took place simultaneously with military force to destroy Iran’s nuclear facilities, air defenses and energy infrastructure. Also, unlike previous covert operations, Israel immediately claimed responsibility for the assassinations.

    But our research indicates that targeting scientists may not be effective for counterproliferation. While removing individual expertise may delay nuclear acquisition, targeting alone is unlikely to destroy a program outright and could even increase a country’s desire for nuclear weapons. Further, targeting scientists may trigger blowback given concerns regarding legality and morality.

    A policy with a long history

    Targeting nuclear scientists began during World War II when Allied and Soviet forces raced to capture Nazi scientists, degrade Adolf Hitler’s ability to build a nuclear bomb and use their expertise to advance the U.S. and Soviet nuclear programs.

    In our data set, we classified “targeting” as cases in which scientists were captured, threatened, injured or killed as nations tried to prevent adversaries from acquiring weapons of mass destruction. Over time, at least four countries have targeted scientists working on nine national nuclear programs.

    The United States and Israel have allegedly carried out the most attacks on nuclear scientists. But the United Kingdom and Soviet Union have also been behind such attacks.

    Meanwhile, scientists working for the Egyptian, Iranian and Iraqi nuclear programs have been the most frequent targets since 1950. Since 2007 and prior to the current Israeli operation, 10 scientists involved in the Iranian nuclear program were killed in attacks. Other countries’ nationals have also been targeted: In 1980, Mossad, Israel’s intelligence service, allegedly bombed Italian engineer Mario Fiorelli’s home and his firm, SNIA Techint, as a warning to Europeans involved in the Iraqi nuclear project.

    Given this history, the fact that Israel attacked Iran’s nuclear program is not itself surprising. Indeed, it has been a strategic goal of successive Israeli prime ministers to prevent Iran from acquiring nuclear weapons, and experts had been warning of the increased likelihood of an Israeli military operation since mid-2024, due to regional dynamics and Iranian nuclear development.

    The wrecked cars in which four of Iran’s nuclear scientists were assassinated in recent years are displayed on the grounds of a museum in Tehran in 2014.
    Scott Peterson/Getty Images

    By then, the balance of power in the Middle East had changed dramatically. Israel systematically degraded the leadership and infrastructure of Iranian proxies Hamas and Hezbollah. It later destroyed Iranian air defenses around Tehran and near key nuclear installations. The subsequent fall of Syria’s Assad regime cost Tehran another long-standing ally. Together, these developments have significantly weakened Iran, leaving it vulnerable to external attack and stripped of its once-feared proxy network, which had been expected to retaliate on its behalf in the event of hostilities.

    With its proxy “axis of resistance” defanged and conventional military capacity degraded, Iranian leadership may have thought that expanding its enrichment capability was its best bet going forward.

    And in the months leading up to Israel’s recent attack, Iran expanded its nuclear production capacity, moving beyond 60% uranium enrichment, a technical step just short of weapons-grade material. During Donald Trump’s first term, the president withdrew the U.S. from a multilateral nonproliferation agreement aimed at curbing Iran’s nuclear program. After being reelected, Trump appeared to change tack by pursuing new diplomacy with Iran, but those talks have so far failed to deliver an agreement – and may be put on hold for the foreseeable future amid the war.

    Most recently, the International Atomic Energy Agency board of governors declared Iran in non-compliance with its nuclear-nonproliferation obligations. In response, Iran announced it was further expanding its enrichment capacity by adding advanced centrifuge technology and a third enrichment site.

    Even if the international community anticipated the broader attack on Iran, characteristics of the targeting itself are surprising. Historically, states have covertly targeted individual scientists. But the recent multiple-scientist attack occurred openly, with Israel taking responsibility, publicly indicating the attacks’ purpose. Further, while it is not new for a country to use multiple counter-proliferation tools against an adversary over time, that Israel is using both preventive military force against infrastructure and targeting scientists at once is atypical.

    Additionally, such attacks against scientists are historically lower tech and low cost, with death or injury stemming from gunmen, car bombs or accidents. In fact, Abbasi – who was killed in the most recent attacks – survived a 2010 car bombing in Tehran. There are outliers, however, including the Fakhrizadeh assassination, which featured a remotely operated machine gun smuggled into Iranian territory.

    Israel’s logic in going after scientists

    Why target nuclear scientists?

    In foreign policy, there are numerous tools available if one state aims to prevent another state from acquiring nuclear weapons. Alongside targeting scientists, there are sanctions, diplomacy, cyberattacks and military force.

    Targeting scientists may remove critical scientific expertise and impose costs that increase the difficulty of building nuclear weapons. Proponents argue that targeting these experts may undermine a state’s efforts, deter it from continuing nuclear developments and signal to others the perils of supporting nuclear proliferation.

    Countries that target scientists therefore believe that doing so is an effective way to degrade an adversary’s nuclear program. Indeed, the Israel Defense Forces described the most recent attacks as “a significant blow to the regime’s ability to acquire weapons of mass destruction.”

    Posters featuring images of Iranian nuclear scientists are displayed in Tehran, Iran, on June 14, 2025.
    Fatemeh Bahrami/Anadolu via Getty Images

    Despite Israel’s focus on scientists as sources of critical knowledge, there may be thousands more working inside Iran, calling into question the efficacy of targeting them. Further, there are legal, ethical and moral concerns over targeting scientists.

    Moreover, it is a risky option that may fail to disrupt an enemy nuclear program while sparking public outrage and calls for retaliation. This is especially the case if scientists, often regarded as civilians, are elevated as martyrs.

    Targeting campaigns may, as a result, reinforce domestic support for a government, which could then redouble efforts toward nuclear development.

    Regardless of whether targeting scientists is an effective counter-proliferation tool, it has been around since the start of the nuclear age – and will likely persist as part of the foreign policy toolkit for states aiming to prevent proliferation. In the case of the current Israeli conflict with Iran and its targeting of nuclear scientists, we expect the tactic to continue for the duration of the war and beyond.

    Rachel Whitlark is a nonresident senior fellow in the Forward Defense practice of the Atlantic Council’s Scowcroft Center for Strategy and Security.

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

    – ref. Nuclear scientists  have long been targets in covert ops – Israel has brought that policy out of the shadows – https://theconversation.com/nuclear-scientists-have-long-been-targets-in-covert-ops-israel-has-brought-that-policy-out-of-the-shadows-259263

    MIL OSI – Global Reports –

    June 20, 2025
  • MIL-OSI Russia: Dmitry Grigorenko: Russia has entered an active phase of implementing artificial intelligence

    Translation. Region: Russian Federal

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

    The speed of implementation of artificial intelligence, interaction between business and government, timeliness of regulation, as well as international cooperation were discussed at the plenary session on AI at SPIEF-2025 with the participation of Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko.

    As Dmitry Grigorenko stated, Russia has entered an active phase of implementing artificial intelligence. AI-based solutions increase the efficiency of government agencies and improve the quality of services provided, opening up additional opportunities, including in public administration and the social sphere, from medicine to the budget process. Thus, the compulsory medical insurance program already includes diagnostic services using AI, and an intelligent agent is being integrated into the Electronic Budget system in test mode to speed up the budget process.

    When asked what the government is doing to speed up the implementation of AI, the Deputy Prime Minister – Chief of the Government Staff spoke about the work on developing the necessary infrastructure within the framework of the national project “Data Economy”, training specialized personnel, as well as replicating the best practices of the regions on a national scale. At the same time, he emphasized that for success, the government and business need to combine efforts in these areas, without dividing areas of responsibility.

    “We approach the issue of implementing AI technology systematically. For example, all digital development programs for regions and federal agencies have a mandatory clause – to implement an AI-based solution. All programs are very specific, with units of measurement of efficiency. At the same time, everyone determines for themselves the required number of such services – for their tasks. AI is a tool. With its help, we solve a very specific problem each time. Plus, we select existing best practices and replicate them taking into account the experience already acquired,” commented Dmitry Grigorenko.

    As Chairman of the Board of PJSC Sberbank German Gref noted, the role of the state is critically important: from investments to education and total enlightenment of “where we are going”. At the same time, German Gref noted that unique conditions have already been created in Russia that allow the development of technology. Including due to the existing local experimental legal regimes.

    “Right now, in my opinion, there is a consensus. There is moral regulation – the code of ethics of artificial intelligence, to which all the largest developers in Russia have joined. Among the signatories are over 900 companies, including foreign ones. There is technical regulation. And there is incentive regulation, for example, an experimental regime for the implementation of artificial intelligence has been created in Moscow. We cannot rush with regulation, so as not to negatively influence developers,” said German Gref.

    According to the Deputy Speaker of the State Duma of the Federal Assembly Vladislav Davankov, sooner or later any industry faces issues of protecting the rights of citizens and equal access to the results of technological development.

    “In difficult situations, people turn to the state for protection. That is why regulation is necessary. But it must be smart and created as a public agreement, in dialogue with business. We must develop these rules together,” commented Vladislav Davankov.

    The Minister of Communications and Informatization of the Republic of Belarus Kirill Zalessky and the Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan Zhaslan Madiyev also took part in the discussion.

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

    MIL OSI Russia News –

    June 20, 2025
  • MIL-OSI Russia: Alexander Novak: We are witnessing a global transformation in economic development

    Translation. Region: Russian Federal

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

    Deputy Prime Minister Alexander Novak took part in the opening session of the St. Petersburg International Economic Forum.

    The Minister of Energy of the Kingdom of Saudi Arabia Abdulaziz bin Salman Al Saud, the President of the New Development Bank of BRICS Dilma Rousseff, the President and Secretary General of the Organization of the Black Sea Economic Cooperation Lazar Comanescu, and the Deputy Prime Minister of Vietnam Nguyen Chi Dung also shared their vision of the development of the global economy and the prospects for international cooperation.

    Alexander Novak noted that the main vector of development of the global economy in the next decade will be concentrated in countries where the birth rate is growing today and which are gaining new positions in global markets.

    “The modern world has entered an era of fundamental changes. We are witnessing a global transformation in terms of economic development. Large countries of Southeast Asia such as China and India have become global participants in the world market in recent decades, the main drivers of demand and supply of goods to global world markets. Countries of South Asia and Africa are increasingly asserting themselves. They have a high birth rate and a still low level of urbanization. And this is the potential that will change the landscape of the global economy in the next decade. Growth will no longer be concentrated in the countries of Europe and North America, which are gradually losing their positions in the global economy, but in the BRICS countries and states that want to join the association,” said Alexander Novak. He added that since the 2000s, the share of the BRICS countries in the world economy was 22%, and today it has increased to 36%, which means growth of more than 50%. At the same time, the share of the G7 countries has decreased from 45% to 30% over the same period.

    Minister of Energy of the Kingdom of Saudi Arabia Abdulaziz bin Salman Al Saud spoke about the main mechanism for achieving balance in the global oil market. “The OPEC deal has proven itself to be an effective tool. OPEC has managed to achieve tremendous success in ensuring market stability and has become, in fact, the central regulator of oil markets,” Abdulaziz bin Salman Al Saud noted.

    He also emphasized that the governments of Saudi Arabia and Russia are working to create favorable conditions for those wishing to invest in the economies of Saudi Arabia and the Russian Federation on the basis of various formats, including joint ventures. The Saudi Arabian authorities understand the situation and are willing to find ways to overcome existing restrictions.

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

    MIL OSI Russia News –

    June 20, 2025
  • MIL-OSI Russia: Financial news: Cash or non-cash: Russians’ preferences in 2024

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Approximately 10% of citizens have made a clear choice in favor of non-cash payments. Almost the same number, 9%, pay exclusively in cash.

    People value cashless services for their speed, simplicity and convenience. Most often they pay with a bank card (77%), in second place are mobile transfers and online banks (44%), in third place is the Fast Payment System (34%).

    Cash payments are chosen primarily because they can be made anywhere and at any time. A quarter of the citizens surveyed use cash in everyday payments – most often in small shops, markets, gas stations or when paying for public transport. Half of the respondents keep a supply of banknotes and coins in case they cannot pay cashlessly, a third keep their savings in cash.

    Read more in the materials sociological research on the website of the Bank of Russia.

    Preview photo: PalSand / Shutterstock / Fotodom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24716

    MIL OSI Russia News –

    June 20, 2025
  • MIL-OSI USA: Governor Stein, Secretary Lilley Attend Paris Air Show and Strengthen North Carolina’s Future in Flight

    Source: US State of North Carolina

    Headline: Governor Stein, Secretary Lilley Attend Paris Air Show and Strengthen North Carolina’s Future in Flight

    Governor Stein, Secretary Lilley Attend Paris Air Show and Strengthen North Carolina’s Future in Flight
    lsaito
    Thu, 06/19/2025 – 18:08

    Raleigh, NC

    On the heels of the largest jobs commitment in North Carolina’s history, Governor Josh Stein, North Carolina Department of Commerce Secretary Lee Lilley, and the Economic Development Partnership of North Carolina traveled to Paris to advocate for North Carolina with business leaders at the 55th edition of the Paris Air Show.

    “North Carolina is first in flight, and we are the future of flight,” said Governor Josh Stein. “Our state is the epicenter for aerospace innovation. Strengthening our relationship with international companies and expanding opportunity between North Carolina and France will allow our state to continue to soar to new horizons. We had a productive economic development trip telling the world why North Carolina is the best place to do business.”

    “North Carolina’s network of businesses and strong economic infrastructure draw companies from across the world to invest in our state,” said Commerce Secretary Lee Lilley. “The Paris Air Show has opened potential avenues for new companies to plant their roots in North Carolina and for existing companies to expand their operations as we continue to develop our state’s world-class aerospace ecosystem.”

    The Paris Air Show is the world’s largest aerospace event that brings together companies and industry leaders from across the globe. The show boasts 2,500 exhibitors from 48 countries and 300,000 unique visitors.

    North Carolina is home to approximately 400 aerospace companies that generate $88 billion in activity every year, including Airbus, a French company that employs more than 500 workers at its Kinston manufacturing facility. Last week, Governor Stein announced that JetZero will construct its new manufacturing hub at the Piedmont Triad International (PTI) Airport, bringing more than $4.7 billion and 14,000 jobs – the largest jobs commitment in state history.

    JetZero represents one of several aerospace companies setting up shop at PTI, including Boom and HondaJet. North Carolina’s strong workforce continues to attract aerospace companies to the state and is growing with industry demand. Guilford Technical Community College has recently announced its own $35 million, 70,000-square-foot aviation training facility to train the next generation of aerospace employees with a groundbreaking set for this summer.

    Over the last 10 years, 113 French companies announced projects in North Carolina, resulting in $439 million in investments and 1,200 new jobs in the state. More than 100 French companies operate in the state and employ 20,000 North Carolinians. 

    Jun 19, 2025

    MIL OSI USA News –

    June 20, 2025
  • MIL-OSI: Dundee Corporation Announces Voting Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to announce the voting results from its Annual Meeting of Shareholders (the “Meeting”) which was held earlier today. Shareholders voted in favour of all items of business before the Meeting, as follows:

    Appointment of Auditor

    PricewaterhouseCoopers LLP were appointed as Auditor of the Corporation and the directors of the Corporation were authorized to fix the remuneration of the Auditor. Details of the voting results are set out below:

      Total Votes % of Votes Cast  
    Votes in Favour 354,684,508 99.94  
    Votes Withheld 204,353 0.06  
    Total Votes Cast 354,888,861 100  
           

    Election of Directors

    The shareholders elected each of the seven nominees listed in the Corporation’s Management Proxy Circular. Details of the voting results are set out below:

    Name Votes in Favour % Votes Withheld %
    Tanya Covassin 348,156,952 99.85 529,846 0.15
    Jaimie Donovan 348,165,977 99.85 520,821 0.15
    Jonathan Goodman 348,482,415 99.94 204,383 0.06
    Bruce McLeod 348,216,718 99.87 470,080 0.13
    Andrew Molson 348,148,753 99.85 538,045 0.15
    Peter Nixon 348,220,518 99.87 466,280 0.13
    Allen Palmiere 348,203,263 99.86 483,535 0.14
             

    The Corporation also announces the departure of Steven Sharpe as Executive Vice Chair with the Corporation’s orderly disposition of its non-mining legacy investment portfolio nearly complete. We would like to thank Mr. Sharpe for his valuable contribution to the organization and wish him continued success in his future endeavors.

    ABOUT DUNDEE CORPORATION

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network –

    June 20, 2025
  • MIL-OSI: Dundee Corporation Announces Voting Results from 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to announce the voting results from its Annual Meeting of Shareholders (the “Meeting”) which was held earlier today. Shareholders voted in favour of all items of business before the Meeting, as follows:

    Appointment of Auditor

    PricewaterhouseCoopers LLP were appointed as Auditor of the Corporation and the directors of the Corporation were authorized to fix the remuneration of the Auditor. Details of the voting results are set out below:

      Total Votes % of Votes Cast  
    Votes in Favour 354,684,508 99.94  
    Votes Withheld 204,353 0.06  
    Total Votes Cast 354,888,861 100  
           

    Election of Directors

    The shareholders elected each of the seven nominees listed in the Corporation’s Management Proxy Circular. Details of the voting results are set out below:

    Name Votes in Favour % Votes Withheld %
    Tanya Covassin 348,156,952 99.85 529,846 0.15
    Jaimie Donovan 348,165,977 99.85 520,821 0.15
    Jonathan Goodman 348,482,415 99.94 204,383 0.06
    Bruce McLeod 348,216,718 99.87 470,080 0.13
    Andrew Molson 348,148,753 99.85 538,045 0.15
    Peter Nixon 348,220,518 99.87 466,280 0.13
    Allen Palmiere 348,203,263 99.86 483,535 0.14
             

    The Corporation also announces the departure of Steven Sharpe as Executive Vice Chair with the Corporation’s orderly disposition of its non-mining legacy investment portfolio nearly complete. We would like to thank Mr. Sharpe for his valuable contribution to the organization and wish him continued success in his future endeavors.

    ABOUT DUNDEE CORPORATION

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network –

    June 20, 2025
  • MIL-OSI: Diversified Royalty Corp. Announces Results of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce that at its annual general meeting of shareholders held on June 19, 2025 (the “Meeting”), all directors nominated as listed in DIV’s information circular dated May 8, 2025 were elected for the ensuing year. As a ballot was not required, the number of votes disclosed in the below table reflects only the proxies received by management of DIV in advance of the Meeting:

    Director Votes For   Votes Withheld
    Number Percentage   Number Percentage
    Paula Rogers 35,302,456 91.94%     3,095,368 8.06%  
    Roger Chouinard 33,033,674 86.03%     5,364,151 13.97%  
    Johnny Ciampi 35,286,125 91.90%     3,111,700 8.10%  
    Garry Herdler 35,281,252 91.88%     3,116,573 8.12%  
    Sherry McNeil 38,198,336 99.48%     199,488 0.52%  
    Sean Morrison 35,310,525 91.96%     3,087,300 8.04%  
    Kevin Smith 35,295,529 91.92%     3,102,296 8.08%  
                   

    DIV has also filed a report of voting results of all resolutions voted on at the Meeting on SEDAR+ at www.sedarplus.com.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito and Cheba Hut trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada. Cheba Hut is a fast casual toasted sub sandwich franchise with locations across 19 U.S. states.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: DIV’s objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 24, 2025 and in its most recent Management’s Discussion and Analysis, copies of each of which are available under DIV’s profile on SEDAR+ at www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that, among other things, DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the businesses of DIV’s respective royalty partners will not suffer any material adverse effect; and the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    Additional information relating to the Corporation and other public filings, is available on SEDAR at www.sedar.com.

    Contact:
    Sean Morrison, President and Chief Executive Officer
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, Chief Financial Officer and VP Acquisitions
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network –

    June 20, 2025
  • MIL-OSI: Condor Announces Director Election Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, June 19, 2025 (GLOBE NEWSWIRE) — Condor Energies Inc. (TSX: CDR), a Canadian based energy company, is pleased to announce that the following five director nominees were elected at the Annual Meeting of Shareholders held on June 19, 2025:

    Name of Nominee Votes For Percent Votes Withheld Percent
    Dennis Balderston 28,380,288 99.46% 154,079 0.54%
    Andrew Judson 28,366,488 99.41% 167,879 0.59%
    Werner Zoellner 28,380,582 99.46% 153,785 0.54%
    Donald Streu 28,534,048 100.00% 319 0.00%
    John Chambers 28,380,582 99.46% 153,785 0.54%
             

    The TSX does not accept responsibility for the adequacy or accuracy of this news release.

    For further information, please contact Don Streu, President and CEO or Sandy Quilty, Vice President, Finance & CFO at 403-201-9694.

    The MIL Network –

    June 20, 2025
  • MIL-Evening Report: Jaws at 50: the first summer blockbuster is still a film that bites – even when the shark didn’t work

    Source: The Conversation (Au and NZ) – By Will Jeffery, Sessional Academic, Discipline of Film Studies, University of Sydney

    Photo by Sunset Boulevard/Corbis via Getty Images

    When I was eight years old, on a Saturday night before surf lifesaving training, my dad put on the film Jaws and it changed my life forever.

    Unlike the generations of filmgoers who were afraid of sharks and going into the water during its initial release in 1975, I fell in love with the water and sharks.

    Steven Spielberg’s film was the first summer blockbuster, received Academy Awards for sound, editing and music, and became the first film to earn US$100 million at the United States box office.

    It was only the third film for the 28-year-old Steven Spielberg, and his second theatrical release (his first film, Duel, was made for TV), and success arrived only after much trouble.

    Jaws was only the second feature film for Spielberg, pictured here on set.
    Photo by Sunset Boulevard/Corbis via Getty Image

    A marketed behemoth

    Chief of Police Martin Brody (Roy Scheider) has recently moved from New York City to Amity Island with his wife, Ellen (Lorriane Gary), and their two children. As the small town prepares for its crucial 4th of July celebrations, a series of shark attacks threatens the festivities – and the town’s summer economy.

    Mayor Larry Vaughan (Murray Hamilton) insists on keeping the beaches open for “summer dollars”. When the shark strikes again, local fisherman Quint (Robert Shaw) is hired to hunt it down. Brody and visiting marine biologist Matt Hooper (Richard Dreyfuss) insist on joining the expedition to save the island.

    The film was advertised as a suspense and horror monster movie. In what director Spielberg described as a marketing “blitzkrieg” campaign, Jaws, was released in the summer – peak swimming season.

    Universal Pictures made sure every household knew about the film. There were multiple TV spots, a cover on Time Magazine, talk show appearances from cast and crew, and a wave of merchandise. It was the most money the company had ever spent on a film’s pre-release marketing.

    The first American film released in more than 400 theatres at once, Jaws found its audience with overwhelmingly positive reviews and word of mouth – because Jaws was also extremely well made.

    Wrangling the shark

    Peter Benchley was hired to adapt his novel, but another screenwriter, Carl Gottlieb, was brought in to redraft Benchley’s more serious narrative and provide comic relief.

    Jaws was initially planned for 55 days of shooting, but ballooned to 159 days and $8 million over budget. The main reason: the shark.

    Apart from one scene using real underwater shark footage from Australians Ron and Valerie Taylor, the shark was mechanical. There were three sharks made for the film, all nicknamed “Bruce” after Spielberg’s lawyer.

    Martha’s Vineyard in Massachusetts depicted the fictional Amity Island, and much of the second half was shot in water.

    Much of the second half of the film was shot on the water.
    Photo by Universal Studios/Courtesy of Getty Images

    The mechanical shark sank … a lot. No wonder Spielberg named the temperamental and unreliable shark after his lawyer.

    With the lack of a functioning shark, Spielberg made the artistic decision – echoing Alfred Hitchcock – to suggest the shark’s presence rather than show it outright in the film’s first half.

    Spielberg even quotes Hitchcock’s Vertigo shot (a dolly zoom) in the scene when Brody realises a shark attack is unfolding under his watch.

    Even without appearing onscreen, the shark has an overwhelming presence and effect on the audience, thanks to John Williams’ music: most of the film’s cues are associated with the shark.

    Tension onscreen

    One of my favourite moments in the film is in the aftermath of an attack on the young Alex Kintner (and poor dog Pippet!). Brody is slapped in the face by the mother of the slain Alex – but this is followed by a cute and wholesome encounter between Chief Brody and his son Sean.

    As a father, Brody’s failure to prevent the attack on Alex reflects his loss of authority to capitalism. The water is the island’s summer revenue, and the hungry shark swims in it.

    The film could have seen an early shark attack and immediately launched a shark hunt. However, the shark doesn’t appear much at all for a monster movie due to its malfunctioning. This worked in the film’s favour.

    Instead, the film relied on good writing and strong performances to heighten the tension and build anticipation for the rare moments the shark has onscreen.

    A lot of the film’s success comes from the dynamic and well-written trio of Brody, Hooper and Quint. In the final act set at sea with just the three leads on a boat surrounded by the shark, they needed to deliver – and they did, arguably stealing the movie from the shark.

    Possibly the most famous scene in the entire film comes when the shark is fully revealed for the first time. Startled by its size, Brody backs into the cabin and delivers an improvised line: “you’re gonna need a bigger boat”.

    Dreyfuss and Shaw famously didn’t get along in real life. You can see that tension play out onscreen. It arguably enhances their performances.

    Still, one of the most iconic moments comes when Dreyfuss’s Hooper is left speechless by Quint’s USS Indianapolis monologue, describing being in the water with sharks after the warship was torpedoed.

    The monologue was scripted, but Shaw improvised much of it.

    A cinema classic

    Jaws is now a cinema classic.

    It launched Spielberg’s illustrious career, scared an entire generation from going into the water, and also inspired a new generation of marine activists – such as myself – who love sharks and the ocean.

    I hope you’ll join me in revisiting Amity Island one more time to watch this timeless film that, apart from its mechanical shark, completely works.

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

    – ref. Jaws at 50: the first summer blockbuster is still a film that bites – even when the shark didn’t work – https://theconversation.com/jaws-at-50-the-first-summer-blockbuster-is-still-a-film-that-bites-even-when-the-shark-didnt-work-246247

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Jaws at 50: the first summer blockbuster is still a film that bites – even when the shark didn’t work

    Source: The Conversation (Au and NZ) – By Will Jeffery, Sessional Academic, Discipline of Film Studies, University of Sydney

    Photo by Sunset Boulevard/Corbis via Getty Images

    When I was eight years old, on a Saturday night before surf lifesaving training, my dad put on the film Jaws and it changed my life forever.

    Unlike the generations of filmgoers who were afraid of sharks and going into the water during its initial release in 1975, I fell in love with the water and sharks.

    Steven Spielberg’s film was the first summer blockbuster, received Academy Awards for sound, editing and music, and became the first film to earn US$100 million at the United States box office.

    It was only the third film for the 28-year-old Steven Spielberg, and his second theatrical release (his first film, Duel, was made for TV), and success arrived only after much trouble.

    Jaws was only the second feature film for Spielberg, pictured here on set.
    Photo by Sunset Boulevard/Corbis via Getty Image

    A marketed behemoth

    Chief of Police Martin Brody (Roy Scheider) has recently moved from New York City to Amity Island with his wife, Ellen (Lorriane Gary), and their two children. As the small town prepares for its crucial 4th of July celebrations, a series of shark attacks threatens the festivities – and the town’s summer economy.

    Mayor Larry Vaughan (Murray Hamilton) insists on keeping the beaches open for “summer dollars”. When the shark strikes again, local fisherman Quint (Robert Shaw) is hired to hunt it down. Brody and visiting marine biologist Matt Hooper (Richard Dreyfuss) insist on joining the expedition to save the island.

    The film was advertised as a suspense and horror monster movie. In what director Spielberg described as a marketing “blitzkrieg” campaign, Jaws, was released in the summer – peak swimming season.

    Universal Pictures made sure every household knew about the film. There were multiple TV spots, a cover on Time Magazine, talk show appearances from cast and crew, and a wave of merchandise. It was the most money the company had ever spent on a film’s pre-release marketing.

    The first American film released in more than 400 theatres at once, Jaws found its audience with overwhelmingly positive reviews and word of mouth – because Jaws was also extremely well made.

    Wrangling the shark

    Peter Benchley was hired to adapt his novel, but another screenwriter, Carl Gottlieb, was brought in to redraft Benchley’s more serious narrative and provide comic relief.

    Jaws was initially planned for 55 days of shooting, but ballooned to 159 days and $8 million over budget. The main reason: the shark.

    Apart from one scene using real underwater shark footage from Australians Ron and Valerie Taylor, the shark was mechanical. There were three sharks made for the film, all nicknamed “Bruce” after Spielberg’s lawyer.

    Martha’s Vineyard in Massachusetts depicted the fictional Amity Island, and much of the second half was shot in water.

    Much of the second half of the film was shot on the water.
    Photo by Universal Studios/Courtesy of Getty Images

    The mechanical shark sank … a lot. No wonder Spielberg named the temperamental and unreliable shark after his lawyer.

    With the lack of a functioning shark, Spielberg made the artistic decision – echoing Alfred Hitchcock – to suggest the shark’s presence rather than show it outright in the film’s first half.

    Spielberg even quotes Hitchcock’s Vertigo shot (a dolly zoom) in the scene when Brody realises a shark attack is unfolding under his watch.

    Even without appearing onscreen, the shark has an overwhelming presence and effect on the audience, thanks to John Williams’ music: most of the film’s cues are associated with the shark.

    Tension onscreen

    One of my favourite moments in the film is in the aftermath of an attack on the young Alex Kintner (and poor dog Pippet!). Brody is slapped in the face by the mother of the slain Alex – but this is followed by a cute and wholesome encounter between Chief Brody and his son Sean.

    As a father, Brody’s failure to prevent the attack on Alex reflects his loss of authority to capitalism. The water is the island’s summer revenue, and the hungry shark swims in it.

    The film could have seen an early shark attack and immediately launched a shark hunt. However, the shark doesn’t appear much at all for a monster movie due to its malfunctioning. This worked in the film’s favour.

    Instead, the film relied on good writing and strong performances to heighten the tension and build anticipation for the rare moments the shark has onscreen.

    A lot of the film’s success comes from the dynamic and well-written trio of Brody, Hooper and Quint. In the final act set at sea with just the three leads on a boat surrounded by the shark, they needed to deliver – and they did, arguably stealing the movie from the shark.

    Possibly the most famous scene in the entire film comes when the shark is fully revealed for the first time. Startled by its size, Brody backs into the cabin and delivers an improvised line: “you’re gonna need a bigger boat”.

    Dreyfuss and Shaw famously didn’t get along in real life. You can see that tension play out onscreen. It arguably enhances their performances.

    Still, one of the most iconic moments comes when Dreyfuss’s Hooper is left speechless by Quint’s USS Indianapolis monologue, describing being in the water with sharks after the warship was torpedoed.

    The monologue was scripted, but Shaw improvised much of it.

    A cinema classic

    Jaws is now a cinema classic.

    It launched Spielberg’s illustrious career, scared an entire generation from going into the water, and also inspired a new generation of marine activists – such as myself – who love sharks and the ocean.

    I hope you’ll join me in revisiting Amity Island one more time to watch this timeless film that, apart from its mechanical shark, completely works.

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

    – ref. Jaws at 50: the first summer blockbuster is still a film that bites – even when the shark didn’t work – https://theconversation.com/jaws-at-50-the-first-summer-blockbuster-is-still-a-film-that-bites-even-when-the-shark-didnt-work-246247

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Is there any hope for a fairer carve-up of the GST between the states?

    Source: The Conversation (Au and NZ) – By Saul Eslake, Vice-Chancellor’s Fellow, University of Tasmania

    When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

    In 2018, the Morrison government – with the full support of the then Labor opposition – handed WA a special deal for the distribution of income from the goods and service tax (GST).

    Under the deal, WA gets a much greater share of the centrally collected GST revenue than it would have been entitled to under the methods previously used by the Commonwealth Grants Commission.

    So what can be done to ensure a return to a fairer distribution of the GST revenue?

    How the GST carve-up is supposed to work

    The 2018 deal upended a principle known as “horizontal fiscal equalisation”. This principle seeks to ensure each state and territory has the fiscal capacity to provide its residents with a broadly similar range and quality of public services, while levying a similar level of state taxes. This applies to states with different populations and needs.

    That principle is the main reason why the quality of health care, schooling and policing in your community depends much less on which state you happen to live in, compared with other countries with a federal system. Just think of the United States.

    But that principle was jettisoned in the pursuit, by both major parties, of seats from WA in the House of Representatives, which in effect determined the outcome of the 2016, 2019 and 2022 elections.


    WA gets a much greater share of GST revenue than under methods once used by the Commonwealth Grants Commission.

    Holding onto the mineral wealth

    During the mining boom starting in 2000, WA became rich. While it previously received extra grants from other states, it was now having to share income from mining royalties with other states.

    But the 2018 amendment changed how the GST revenue is distributed. Instead of equalising all states to have the fiscal strength of the strongest state (such as WA during the boom), funds were now equalised to the stronger of New South Wales or Victoria. States are also guaranteed a minimum per capita share of revenue.

    The only state that benefits from these changes is Australia’s richest state: WA. Since 2018-19 it has received A$24.2 billion more than it would have done had the 2018 changes not been made.

    Combined with the $58.3 billion it has collected in mineral royalties over the past seven years, that has enabled WA to rack up cash surpluses totalling more than $18 billion. Every other state and territory recorded cash deficits over that time.

    Over the next four years, WA will receive $26.3 billion more from the carve-up of GST revenues than it would otherwise have done.

    No one worse off?

    To cajole the other states and territories into accepting this “deal”, the Morrison government agreed to “top up” the revenue from the GST to ensure none would be any worse off than if the long-standing system had remained in place.

    It estimated this “No Worse Off guarantee” (or NoWO as it is now called) would cost the federal budget $8 billion over the nine years to 2026-27, when NoWO would expire.

    To avoid expected pushback from the other states, the Albanese government agreed in 2023 to extend NoWO by another three years. It is now expected it will have cost the federal budget almost $60 billion by its scheduled expiry in 2029-30.

    This is the biggest blow-out in the cost of any single policy decision, with the exception of the National Disability Insurance Scheme (NDIS). This $52 billion blowout from the GST carve-up represents a massive drain on the federal budget, at a time when it is forecast to be in deficit for the next ten years, to appease the greed of Australia’s richest, and luckiest, state.

    A government that truly believed in equity, and was committed to prudent and responsible budget outcomes, would scrap this appalling piece of public policy. And an Opposition that was sincere in its claims to stand for fiscal responsibility would support any move by the government to do so.

    The system is not working as intended

    The 2018 legislation requires the Productivity Commission to report, by the end of 2026, on whether the new system is working “efficiently, effectively and as intended”. Since it clearly wasn’t intended for the changes to cost anywhere near as much as they have done, the answer to that question must surely be a resounding “no”.

    But rather than giving it such a narrow remit, the Treasurer could, and should, task the Productivity Commission with devising a way of achieving the long-standing objective of “horizontal fiscal equalisation” in a simpler, more transparent and more predictable way.

    This should be possible by reference to fewer than a dozen readily available economic, demographic and social indicators. These could replace the “black box” processes currently used by the Commonwealth Grants Commission to allocate GST. WA has been able to exploit this lack of transparency in pursuit of its claims on an unjustified share of GST revenue.

    Steven Kennedy, in his new role as head of the Department of Prime Minister and Cabinet, is reportedly open to considering controversial tax changes, including the GST carve-up. Hopefully he will be making this suggestion to the Prime Minister.

    An inquiry by the Productivity Commission along these lines would enable the government to step away from the 2018 changes in the 2027-28 budget. That would, in turn, represent a substantial contribution towards the task of budget repair. And it would reinstate a principle that has helped make Australia a fairer, and better, country than it would otherwise have been.

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

    – ref. Is there any hope for a fairer carve-up of the GST between the states? – https://theconversation.com/is-there-any-hope-for-a-fairer-carve-up-of-the-gst-between-the-states-258913

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Is there any hope for a fairer carve-up of the GST between the states?

    Source: The Conversation (Au and NZ) – By Saul Eslake, Vice-Chancellor’s Fellow, University of Tasmania

    When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

    In 2018, the Morrison government – with the full support of the then Labor opposition – handed WA a special deal for the distribution of income from the goods and service tax (GST).

    Under the deal, WA gets a much greater share of the centrally collected GST revenue than it would have been entitled to under the methods previously used by the Commonwealth Grants Commission.

    So what can be done to ensure a return to a fairer distribution of the GST revenue?

    How the GST carve-up is supposed to work

    The 2018 deal upended a principle known as “horizontal fiscal equalisation”. This principle seeks to ensure each state and territory has the fiscal capacity to provide its residents with a broadly similar range and quality of public services, while levying a similar level of state taxes. This applies to states with different populations and needs.

    That principle is the main reason why the quality of health care, schooling and policing in your community depends much less on which state you happen to live in, compared with other countries with a federal system. Just think of the United States.

    But that principle was jettisoned in the pursuit, by both major parties, of seats from WA in the House of Representatives, which in effect determined the outcome of the 2016, 2019 and 2022 elections.


    WA gets a much greater share of GST revenue than under methods once used by the Commonwealth Grants Commission.

    Holding onto the mineral wealth

    During the mining boom starting in 2000, WA became rich. While it previously received extra grants from other states, it was now having to share income from mining royalties with other states.

    But the 2018 amendment changed how the GST revenue is distributed. Instead of equalising all states to have the fiscal strength of the strongest state (such as WA during the boom), funds were now equalised to the stronger of New South Wales or Victoria. States are also guaranteed a minimum per capita share of revenue.

    The only state that benefits from these changes is Australia’s richest state: WA. Since 2018-19 it has received A$24.2 billion more than it would have done had the 2018 changes not been made.

    Combined with the $58.3 billion it has collected in mineral royalties over the past seven years, that has enabled WA to rack up cash surpluses totalling more than $18 billion. Every other state and territory recorded cash deficits over that time.

    Over the next four years, WA will receive $26.3 billion more from the carve-up of GST revenues than it would otherwise have done.

    No one worse off?

    To cajole the other states and territories into accepting this “deal”, the Morrison government agreed to “top up” the revenue from the GST to ensure none would be any worse off than if the long-standing system had remained in place.

    It estimated this “No Worse Off guarantee” (or NoWO as it is now called) would cost the federal budget $8 billion over the nine years to 2026-27, when NoWO would expire.

    To avoid expected pushback from the other states, the Albanese government agreed in 2023 to extend NoWO by another three years. It is now expected it will have cost the federal budget almost $60 billion by its scheduled expiry in 2029-30.

    This is the biggest blow-out in the cost of any single policy decision, with the exception of the National Disability Insurance Scheme (NDIS). This $52 billion blowout from the GST carve-up represents a massive drain on the federal budget, at a time when it is forecast to be in deficit for the next ten years, to appease the greed of Australia’s richest, and luckiest, state.

    A government that truly believed in equity, and was committed to prudent and responsible budget outcomes, would scrap this appalling piece of public policy. And an Opposition that was sincere in its claims to stand for fiscal responsibility would support any move by the government to do so.

    The system is not working as intended

    The 2018 legislation requires the Productivity Commission to report, by the end of 2026, on whether the new system is working “efficiently, effectively and as intended”. Since it clearly wasn’t intended for the changes to cost anywhere near as much as they have done, the answer to that question must surely be a resounding “no”.

    But rather than giving it such a narrow remit, the Treasurer could, and should, task the Productivity Commission with devising a way of achieving the long-standing objective of “horizontal fiscal equalisation” in a simpler, more transparent and more predictable way.

    This should be possible by reference to fewer than a dozen readily available economic, demographic and social indicators. These could replace the “black box” processes currently used by the Commonwealth Grants Commission to allocate GST. WA has been able to exploit this lack of transparency in pursuit of its claims on an unjustified share of GST revenue.

    Steven Kennedy, in his new role as head of the Department of Prime Minister and Cabinet, is reportedly open to considering controversial tax changes, including the GST carve-up. Hopefully he will be making this suggestion to the Prime Minister.

    An inquiry by the Productivity Commission along these lines would enable the government to step away from the 2018 changes in the 2027-28 budget. That would, in turn, represent a substantial contribution towards the task of budget repair. And it would reinstate a principle that has helped make Australia a fairer, and better, country than it would otherwise have been.

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

    – ref. Is there any hope for a fairer carve-up of the GST between the states? – https://theconversation.com/is-there-any-hope-for-a-fairer-carve-up-of-the-gst-between-the-states-258913

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Despite decades of cost cutting, governments spend more than ever. How can we make sense of this?

    Source: The Conversation (Au and NZ) – By Ian Lovering, Lecturer in International Relations, Te Herenga Waka — Victoria University of Wellington

    Getty Images

    Recent controversies over New Zealand’s Ka Ora, Ka Ako school lunch program have revolved around the apparent shortcomings of the food and its delivery. Stories of inedible meals, scalding packaging and general waste have dominated headlines.

    But the story is also a window into the wider debate about the politics of “fiscal responsibility” and austerity politics.

    As part of the mission to “cut waste” in government spending, ACT leader and Associate Education Minister David Seymour replaced the school-based scheme with a centralised program run by a catering corporation. The result was said to have delivered “saving for taxpayers” of $130 million – in line with the government’s overall drive for efficiency and cost cutting.

    While Finance Minister Nicola Willis dislikes the term “austerity”, her May budget cut the government’s operating allowance in half, to $1.3 billion. This came on top of budget cuts last year of around $4 billion.

    Similar policy doctrines have been subscribed to by governments of all political persuasions for decades. As economic growth (and the tax revenue it brings) has been harder for OECD countries to achieve over the past 50 years, governments have looked to make savings.

    What is strange, though, is that despite decades of austerity policies reducing welfare and outsourcing public services to the most competitive corporate bidder, state spending has kept increasing.

    New Zealand’s public expense as a percentage of GDP increased from 25.9% in 1972 to 35.9% in 2022. And this wasn’t unusual. The OECD as a whole saw an increase from 18.9% in 1972 to 29.9% in 2022.

    How can we make sense of so-called austerity when, despite decades of cost cutting, governments spend more than ever?

    Austerity and managerialism

    In a recent paper, I argued that the politics of austerity is not only about how much governments spend. It is also about who gets to decide how public money is used.

    Austerity sounds like it is about spending less, finding efficiencies or living within your means. But ever rising budgets mean it is about more than that.

    In particular, austerity is shaped by a centralising system that locks in corporate and bureaucratic control over public expenditure, while locking out people and communities affected by spending decisions. In other words, austerity is about democracy as much as economics.

    We typically turn to the ideology of neoliberalism – “Rogernomics” being the New Zealand variant – to explain the history of this. The familiar story is of a revolutionary clique taking over a bloated postwar state, reorienting it towards the global market, and making it run more like a business.

    Depending on your political persuasion, the contradiction of austerity’s growing cost reflects either the short-sightedness of market utopianism or the stubbornness of the public sector to reform.

    But while the 1980s neoliberal revolution was important, the roots of austerity’s managerial dimension go back further. And it was shaped less by a concern that spending was too high, and more by a desire to centralise control over a growing budget.

    Godfather of ‘rational’ budgeting: US Secretary of Defense Robert McNamara at a Vietnam War briefing in 1964.
    Getty Images

    Many of the managerial techniques that have arrived in the public sector over the austerity years – such as results-based pay, corporate contracting, performance management or evaluation culture – have their origins in a budgetary revolution that took place in the 1960s at the US Department of Defense.

    In the early 1960s, Defense Secretary Robert McNamara was frustrated with being nominally in charge of budgeting but having to mediate between the seemingly arbitrary demands of military leaders for more tanks, submarines or missiles.

    In response, he called on the RAND Corporation, a US think tank and consultancy, to remake the Defense Department’s budgetary process to give the secretary greater capacity to plan.

    The outcome was called the Planning Programming Budgeting System. Its goal was to create a “rational” budget where policy objectives were clearly specified in quantified terms, the possible means to achieve them were fully costed, and performance indicators measuring progress were able to be reviewed.

    This approach might have made sense for strategic military purposes. But what happens when you apply the same logic to planning public spending in healthcare, education, housing – or school lunches? The past 50 years have largely been a process of finding out.

    What began as a set of techniques to help McNamara get control of military spending gradually diffused into social policy. These ideas travelled from the US and came to be known as the “New Public Management” framework that transformed state sectors all over the world.

    What are budgets for?

    Dramatic moments of spending cuts – such as the 1991 “Mother of all Budgets” in New Zealand or Elon Musk’s recent DOGE crusade in the US – stand out as major exercises in austerity. And fiscal responsibility is a firmly held conviction within mainstream political thinking.

    Nevertheless, government spending has become a major component of OECD economies. If we are to make sense of austerity in this world of permanent mass expenditure, we need a broader idea of what public spending is about.

    Budgets are classically thought to do three things. For economists, they are a tool of macroeconomic stabilisation: if growth goes down, “automatic stabilisers” inject public money into the economy to pick it back up.

    For social reformers, the budget is a means of progressively redistributing resources through tax and welfare systems. For accountants, the budget is a means of cost accountability: it holds a record of public spending and signals a society’s future commitments.

    But budgeting as described here also fulfils a fourth function – managerial planning. Decades of reform have made a significant portion of the state budget a managerial instrument for the pursuit of policy objectives.

    From this perspective, underlying common austerity rhetoric about eliminating waste, or achieving value for money, is a deeper political struggle over who decides how that public money is used.

    To return to New Zealand’s school lunch program, any savings achieved should not distract from the more significant democratic question of who should plan school lunches – and public spending more broadly.

    Should it be the chief executives of corporatised public organisations and outsourced conglomerates managing to KPIs on nutritional values and price per meal, serving the directives of government ministers? Or should it be those cooking, serving and eating the lunches?

    Ian Lovering is affiliated with the Tertiary Education Union Te Hautū Kahurangi o Aotearoa.

    – ref. Despite decades of cost cutting, governments spend more than ever. How can we make sense of this? – https://theconversation.com/despite-decades-of-cost-cutting-governments-spend-more-than-ever-how-can-we-make-sense-of-this-258902

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Despite decades of cost cutting, governments spend more than ever. How can we make sense of this?

    Source: The Conversation (Au and NZ) – By Ian Lovering, Lecturer in International Relations, Te Herenga Waka — Victoria University of Wellington

    Getty Images

    Recent controversies over New Zealand’s Ka Ora, Ka Ako school lunch program have revolved around the apparent shortcomings of the food and its delivery. Stories of inedible meals, scalding packaging and general waste have dominated headlines.

    But the story is also a window into the wider debate about the politics of “fiscal responsibility” and austerity politics.

    As part of the mission to “cut waste” in government spending, ACT leader and Associate Education Minister David Seymour replaced the school-based scheme with a centralised program run by a catering corporation. The result was said to have delivered “saving for taxpayers” of $130 million – in line with the government’s overall drive for efficiency and cost cutting.

    While Finance Minister Nicola Willis dislikes the term “austerity”, her May budget cut the government’s operating allowance in half, to $1.3 billion. This came on top of budget cuts last year of around $4 billion.

    Similar policy doctrines have been subscribed to by governments of all political persuasions for decades. As economic growth (and the tax revenue it brings) has been harder for OECD countries to achieve over the past 50 years, governments have looked to make savings.

    What is strange, though, is that despite decades of austerity policies reducing welfare and outsourcing public services to the most competitive corporate bidder, state spending has kept increasing.

    New Zealand’s public expense as a percentage of GDP increased from 25.9% in 1972 to 35.9% in 2022. And this wasn’t unusual. The OECD as a whole saw an increase from 18.9% in 1972 to 29.9% in 2022.

    How can we make sense of so-called austerity when, despite decades of cost cutting, governments spend more than ever?

    Austerity and managerialism

    In a recent paper, I argued that the politics of austerity is not only about how much governments spend. It is also about who gets to decide how public money is used.

    Austerity sounds like it is about spending less, finding efficiencies or living within your means. But ever rising budgets mean it is about more than that.

    In particular, austerity is shaped by a centralising system that locks in corporate and bureaucratic control over public expenditure, while locking out people and communities affected by spending decisions. In other words, austerity is about democracy as much as economics.

    We typically turn to the ideology of neoliberalism – “Rogernomics” being the New Zealand variant – to explain the history of this. The familiar story is of a revolutionary clique taking over a bloated postwar state, reorienting it towards the global market, and making it run more like a business.

    Depending on your political persuasion, the contradiction of austerity’s growing cost reflects either the short-sightedness of market utopianism or the stubbornness of the public sector to reform.

    But while the 1980s neoliberal revolution was important, the roots of austerity’s managerial dimension go back further. And it was shaped less by a concern that spending was too high, and more by a desire to centralise control over a growing budget.

    Godfather of ‘rational’ budgeting: US Secretary of Defense Robert McNamara at a Vietnam War briefing in 1964.
    Getty Images

    Many of the managerial techniques that have arrived in the public sector over the austerity years – such as results-based pay, corporate contracting, performance management or evaluation culture – have their origins in a budgetary revolution that took place in the 1960s at the US Department of Defense.

    In the early 1960s, Defense Secretary Robert McNamara was frustrated with being nominally in charge of budgeting but having to mediate between the seemingly arbitrary demands of military leaders for more tanks, submarines or missiles.

    In response, he called on the RAND Corporation, a US think tank and consultancy, to remake the Defense Department’s budgetary process to give the secretary greater capacity to plan.

    The outcome was called the Planning Programming Budgeting System. Its goal was to create a “rational” budget where policy objectives were clearly specified in quantified terms, the possible means to achieve them were fully costed, and performance indicators measuring progress were able to be reviewed.

    This approach might have made sense for strategic military purposes. But what happens when you apply the same logic to planning public spending in healthcare, education, housing – or school lunches? The past 50 years have largely been a process of finding out.

    What began as a set of techniques to help McNamara get control of military spending gradually diffused into social policy. These ideas travelled from the US and came to be known as the “New Public Management” framework that transformed state sectors all over the world.

    What are budgets for?

    Dramatic moments of spending cuts – such as the 1991 “Mother of all Budgets” in New Zealand or Elon Musk’s recent DOGE crusade in the US – stand out as major exercises in austerity. And fiscal responsibility is a firmly held conviction within mainstream political thinking.

    Nevertheless, government spending has become a major component of OECD economies. If we are to make sense of austerity in this world of permanent mass expenditure, we need a broader idea of what public spending is about.

    Budgets are classically thought to do three things. For economists, they are a tool of macroeconomic stabilisation: if growth goes down, “automatic stabilisers” inject public money into the economy to pick it back up.

    For social reformers, the budget is a means of progressively redistributing resources through tax and welfare systems. For accountants, the budget is a means of cost accountability: it holds a record of public spending and signals a society’s future commitments.

    But budgeting as described here also fulfils a fourth function – managerial planning. Decades of reform have made a significant portion of the state budget a managerial instrument for the pursuit of policy objectives.

    From this perspective, underlying common austerity rhetoric about eliminating waste, or achieving value for money, is a deeper political struggle over who decides how that public money is used.

    To return to New Zealand’s school lunch program, any savings achieved should not distract from the more significant democratic question of who should plan school lunches – and public spending more broadly.

    Should it be the chief executives of corporatised public organisations and outsourced conglomerates managing to KPIs on nutritional values and price per meal, serving the directives of government ministers? Or should it be those cooking, serving and eating the lunches?

    Ian Lovering is affiliated with the Tertiary Education Union Te Hautū Kahurangi o Aotearoa.

    – ref. Despite decades of cost cutting, governments spend more than ever. How can we make sense of this? – https://theconversation.com/despite-decades-of-cost-cutting-governments-spend-more-than-ever-how-can-we-make-sense-of-this-258902

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Bribe or community benefit? Sweeteners smoothing the way for renewables projects need to be done right

    Source: The Conversation (Au and NZ) – By Hugh Breakey, Deputy Director, Institute for Ethics, Governance & Law, Griffith University

    Louise Beaumont/Getty

    When a renewable energy developer announces a new project, there’s one big question mark – how will nearby communities react?

    Community pushback has scuttled many renewables projects. Sometimes, communities are angry landowners hosting infrastructure will be paid, but neighbours and those further afield may not.

    As a result, renewable projects often involve schemes where the developer gives funding or resources to local community initiatives.

    Australia has dozens of these schemes, with many more to come as the clean energy transition accelerates. The Clean Energy Council estimates developers contribute about A$1,050 to communities for every megawatt of wind and about $850 for solar.

    The problem is, research shows poorly designed schemes can look a lot like bribery. Developers dish out money to gain community acceptance. Our new research points to a clear solution: design these schemes carefully.

    How do these schemes work?

    Renewable developers usually structure community-benefit schemes in one of three ways:

    • community funds, where a developer offers a one-time or ongoing payment for local infrastructure such as roads, services or community projects

    • in-kind benefits, such as investment in local sports fields or tourism initiatives

    • local ownership models, such as offering community members preferential access to shares in the company or a community co-ownership model of the project.

    In Australia, a number of community schemes are already established or planned.

    More are on their way. The Queensland government has introduced laws which require wind and solar farm developers enter into community benefit agreements.

    Worldwide, offshore wind farms have for many years involved community benefit sharing. Australia is very likely to follow suit as this industry emerges.

    Developers will sometimes set up more targeted neighbour payment schemes where funding is given to nearby landowners.

    What are they for?

    There are three reasons why benefit sharing can be a good idea overall. They are:

    1. Impact on locals: solar farms take up large areas of land, while wind farms on land or sea draw the eye and can compete with other uses of the space. Community benefit schemes can help counterbalance these impacts.

    2. Benefits are centralised: solar, wind and battery developments generate significant economic value. But this is largely captured by the developer. Benefit schemes can make residents feel the deal is fairer.

    3. Acceptance: change of any kind is often hard. Offering incentives to towns and communities can make the change easier.

    Payments to communities hosting renewable projects can look like bribes if not done carefully.
    myphotobank.com.au/Shutterstock

    Straying into bribery?

    The definition of a bribe is a benefit which influences or intends to influence a person to violate their role-based obligations. Offering money to a police officer to avoid losing your licence would count as a bribe.

    Community benefit sharing isn’t a bribe in a strict legal sense. But the payments can resemble bribes if they influence community members to accept the new development. Improving community acceptance is often a central goal of such schemes.

    The accusation is common. In the United Kingdom, researchers observe these schemes are regularly seen:

    as an attempt by local developers to ‘bribe’ local communities to ‘buy’ support for their wind farm development.

    Community members may decry a scheme as a “paltry bribe” or “shut up candy”. Some insist their “principles are not for sale”.

    Developers recognise this too. As one says:

    you don’t just turn up in a community and say, don’t worry, we’ll buy you a new rugby pitch […] because it really does look like you’re trying to buy them off.

    But do local communities have obligations which accepting a renewables project might violate?

    As part of a democracy, residents have civic obligations to make public-spirited decisions, evaluating policies and developments based not on self-interest but in a principled way.

    This is why it’s illegal to pay someone to vote for a particular candidate in an election, for instance.

    Offering money for community initiatives isn’t intrinsically wrong. As a community objector to a wind farm proposal put it:

    Of course it is a relevant planning consideration if a wind power company is offering to pour significant sums of money into a community for the life of a wind farm […] Why should that not be recognised as a good thing?

    But any economic boon to a town must be considered alongside other important concerns, rather than wiping them away.

    If these schemes operate by influencing citizens to ignore their civic duties, that’s intrinsically wrong. Worse still, it risks a backlash from offended community members.

    In the worst cases, benefit sharing operates as a pay-off, where uneasy communities are given money to reduce their resistance.

    Offshore wind farm developers overseas often set up community benefit schemes.
    Tupungato/Shutterstock

    Achieving fairness, avoiding bribery

    The solutions are straightfoward: design these schemes strategically so they are fair and avoid eroding civic obligations. Here are four aims:

    1. Minimise self-interest. Schemes should avoid large up-front payments and focus on in-kind benefits.

    2. Respect the community. Employ and contract local staff, keep the community informed and respond transparently to complaints.

    3. Encourage community involvement. Big renewable projects should stack up on energy, environmental, economic and community grounds. Robust and genuine community consultation should be used when designing any benefit scheme.

    4. Ensure integrity. Development and implementation of any scheme should be genuine, transparent and accountable.

    Getting it right

    As climate change intensifies, Australia’s clean energy transition has a clear moral urgency. But this cannot be done by steamrolling local residents or buying them off with cash for community projects.

    When community benefit schemes are sensibly designed with local input, it will boost both climate action and civic legitimacy.

    Hugh Breakey receives funding from the Blue Economy CRC. This research was funded through the project ‘Pre-conditions for the Development of Offshore Wind Energy in Australia’ by the Blue Economy Cooperative Research Centre.

    Charles Sampford receives funding from the Australian Research Council, the Professional Services Council and the Blue Economy CRC.

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

    – ref. Bribe or community benefit? Sweeteners smoothing the way for renewables projects need to be done right – https://theconversation.com/bribe-or-community-benefit-sweeteners-smoothing-the-way-for-renewables-projects-need-to-be-done-right-258903

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-Evening Report: Bribe or community benefit? Sweeteners smoothing the way for renewables projects need to be done right

    Source: The Conversation (Au and NZ) – By Hugh Breakey, Deputy Director, Institute for Ethics, Governance & Law, Griffith University

    Louise Beaumont/Getty

    When a renewable energy developer announces a new project, there’s one big question mark – how will nearby communities react?

    Community pushback has scuttled many renewables projects. Sometimes, communities are angry landowners hosting infrastructure will be paid, but neighbours and those further afield may not.

    As a result, renewable projects often involve schemes where the developer gives funding or resources to local community initiatives.

    Australia has dozens of these schemes, with many more to come as the clean energy transition accelerates. The Clean Energy Council estimates developers contribute about A$1,050 to communities for every megawatt of wind and about $850 for solar.

    The problem is, research shows poorly designed schemes can look a lot like bribery. Developers dish out money to gain community acceptance. Our new research points to a clear solution: design these schemes carefully.

    How do these schemes work?

    Renewable developers usually structure community-benefit schemes in one of three ways:

    • community funds, where a developer offers a one-time or ongoing payment for local infrastructure such as roads, services or community projects

    • in-kind benefits, such as investment in local sports fields or tourism initiatives

    • local ownership models, such as offering community members preferential access to shares in the company or a community co-ownership model of the project.

    In Australia, a number of community schemes are already established or planned.

    More are on their way. The Queensland government has introduced laws which require wind and solar farm developers enter into community benefit agreements.

    Worldwide, offshore wind farms have for many years involved community benefit sharing. Australia is very likely to follow suit as this industry emerges.

    Developers will sometimes set up more targeted neighbour payment schemes where funding is given to nearby landowners.

    What are they for?

    There are three reasons why benefit sharing can be a good idea overall. They are:

    1. Impact on locals: solar farms take up large areas of land, while wind farms on land or sea draw the eye and can compete with other uses of the space. Community benefit schemes can help counterbalance these impacts.

    2. Benefits are centralised: solar, wind and battery developments generate significant economic value. But this is largely captured by the developer. Benefit schemes can make residents feel the deal is fairer.

    3. Acceptance: change of any kind is often hard. Offering incentives to towns and communities can make the change easier.

    Payments to communities hosting renewable projects can look like bribes if not done carefully.
    myphotobank.com.au/Shutterstock

    Straying into bribery?

    The definition of a bribe is a benefit which influences or intends to influence a person to violate their role-based obligations. Offering money to a police officer to avoid losing your licence would count as a bribe.

    Community benefit sharing isn’t a bribe in a strict legal sense. But the payments can resemble bribes if they influence community members to accept the new development. Improving community acceptance is often a central goal of such schemes.

    The accusation is common. In the United Kingdom, researchers observe these schemes are regularly seen:

    as an attempt by local developers to ‘bribe’ local communities to ‘buy’ support for their wind farm development.

    Community members may decry a scheme as a “paltry bribe” or “shut up candy”. Some insist their “principles are not for sale”.

    Developers recognise this too. As one says:

    you don’t just turn up in a community and say, don’t worry, we’ll buy you a new rugby pitch […] because it really does look like you’re trying to buy them off.

    But do local communities have obligations which accepting a renewables project might violate?

    As part of a democracy, residents have civic obligations to make public-spirited decisions, evaluating policies and developments based not on self-interest but in a principled way.

    This is why it’s illegal to pay someone to vote for a particular candidate in an election, for instance.

    Offering money for community initiatives isn’t intrinsically wrong. As a community objector to a wind farm proposal put it:

    Of course it is a relevant planning consideration if a wind power company is offering to pour significant sums of money into a community for the life of a wind farm […] Why should that not be recognised as a good thing?

    But any economic boon to a town must be considered alongside other important concerns, rather than wiping them away.

    If these schemes operate by influencing citizens to ignore their civic duties, that’s intrinsically wrong. Worse still, it risks a backlash from offended community members.

    In the worst cases, benefit sharing operates as a pay-off, where uneasy communities are given money to reduce their resistance.

    Offshore wind farm developers overseas often set up community benefit schemes.
    Tupungato/Shutterstock

    Achieving fairness, avoiding bribery

    The solutions are straightfoward: design these schemes strategically so they are fair and avoid eroding civic obligations. Here are four aims:

    1. Minimise self-interest. Schemes should avoid large up-front payments and focus on in-kind benefits.

    2. Respect the community. Employ and contract local staff, keep the community informed and respond transparently to complaints.

    3. Encourage community involvement. Big renewable projects should stack up on energy, environmental, economic and community grounds. Robust and genuine community consultation should be used when designing any benefit scheme.

    4. Ensure integrity. Development and implementation of any scheme should be genuine, transparent and accountable.

    Getting it right

    As climate change intensifies, Australia’s clean energy transition has a clear moral urgency. But this cannot be done by steamrolling local residents or buying them off with cash for community projects.

    When community benefit schemes are sensibly designed with local input, it will boost both climate action and civic legitimacy.

    Hugh Breakey receives funding from the Blue Economy CRC. This research was funded through the project ‘Pre-conditions for the Development of Offshore Wind Energy in Australia’ by the Blue Economy Cooperative Research Centre.

    Charles Sampford receives funding from the Australian Research Council, the Professional Services Council and the Blue Economy CRC.

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

    – ref. Bribe or community benefit? Sweeteners smoothing the way for renewables projects need to be done right – https://theconversation.com/bribe-or-community-benefit-sweeteners-smoothing-the-way-for-renewables-projects-need-to-be-done-right-258903

    MIL OSI Analysis – EveningReport.nz –

    June 20, 2025
  • MIL-OSI Canada: Tribunal Issues Determination of Reasonable Indication of Injury—Certain Carbon or Alloy Steel Wire from Various Countries 

    Source: Government of Canada News (2)

    Ottawa, Ontario, June 19, 2025—The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping of certain carbon or alloy steel wire from China, Chinese Taipei, India, Italy, Malaysia, Portugal, Spain, Thailand, Türkiye and Vietnam has caused injury to the domestic industry.

    The Tribunal’s inquiry was conducted pursuant to the Special Import Measures Act as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA). The CBSA will continue its investigation and, by July 21, 2025, will issue a preliminary determination.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    MIL OSI Canada News –

    June 20, 2025
  • MIL-OSI United Kingdom: PM meeting with Prime Minister of Bahrain: 19 June 2025

    Source: United Kingdom – Government Statements

    Press release

    PM meeting with Prime Minister of Bahrain: 19 June 2025

    The Prime Minister welcomed His Royal Highness Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of Bahrain to Downing Street today.

    The Prime Minister welcomed His Royal Highness Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of Bahrain to Downing Street today.

    The leaders reflected on the strength of the UK-Bahrain relationship, and welcomed the UK becoming a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) today. The agreement will deepen trilateral cooperation with Bahrain and the United States on regional security at a critical time, both agreed.

    The Prime Minister also welcomed the signing of the Strategic Investment and Collaboration Partnership, building on the two-way investment partnership between the countries, and how this will unlock new investment, growth and jobs into the UK, delivering on the Plan for Change. 

    The leaders also underscored the importance of the new Defence Cooperation Accord between the two countries, deepening joint military training and building on the two nations’ strong naval ties.

    Highlighting the strength of the 200-year relationship between both nations, the leaders looked forward to further cooperation, including trade negotiations with the Gulf Cooperation Council. 

    Turning to the situation in the Middle East, the leaders called for de-escalation and both agreed on the need for enduring and closer relationships across the region to support stability. 

    The Prime Minister and Crown Prince looked forward to speaking again soon.

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    Published 19 June 2025

    MIL OSI United Kingdom –

    June 20, 2025
  • MIL-OSI: IvoryLab fast-tracks development with support from the Telnyx AI Accelerator

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, TX, June 19, 2025 (GLOBE NEWSWIRE) — Telnyx, a leading provider of voice, messaging, and connectivity solutions for AI-powered communications, today shared that Poland-based startup IvoryLab has significantly advanced the development of its AI voice automation platform through the Telnyx AI Accelerator. The program, which provides up to $20,000 in credits, technical enablement, and priority support, empowered the IvoryLab team to move from MVP to production-ready with speed and confidence.

    IvoryLab is building a scalable voice automation platform that helps businesses handle both inbound and outbound customer calls using AI-powered voice assistants. The platform supports use cases across hospitality, real estate, health and wellness, and food delivery, with functionality ranging from customer service to outbound lead qualification.

    As a small team with a big roadmap, removing cost constraints allowed IvoryLab to experiment, break things, and refine their platform without hesitation. Marcel Karpiak, co-founder of IvoryLab, shared, “The Accelerator will definitely help us to build a product which is the closest to perfection…Now we can test freely and not worry about the cost as much.”

    The IvoryLab platform is built on Telnyx APIs and infrastructure, enabling rapid prototyping and seamless call orchestration. The team commented on Telny’s intuitive yet powerful developer experience—designed to support both fast iteration and long-term scalability. “We really like the Telnyx interface. Everything is super intuitive,” said Karpiak. He also noted that while other tools felt overly simplified, Telnyx struck the right balance between usability and professional-grade depth. 

    IvoryLab dove head first into Telnyx AI assistants, and since joining the program, they have:

    • Created 11 AI assistants
    • Conducted 464 conversations
    •  Logged 745 minutes (12.5 hours) of conversation usage

    With potential STT integrations that better support Polish, the company anticipates these figures to triple.

    “The Accelerator enabled us to move from MVP to a production grade AI solution faster,” said Adrian Marcinkowski, founder of IvoryLab. The partnership with the Telnyx AI Accelerator has helped them think bigger and build more confidently.

    “We designed the AI Accelerator to help teams like IvoryLab iterate quickly and get real products into users’ hands,” said Ian Reither, COO at Telnyx. “It’s been exciting to watch their progress, and we’re looking forward to seeing other emerging use cases across the Accelerator portfolio.”

    IvoryLab plans to launch its platform commercially within the next few weeks, targeting subscription-based deployments across Europe.

    ABOUT TELNYX

    Telnyx is a global connectivity platform that provides carrier-grade voice, messaging, and real-time communication APIs to developers and enterprises. As the infrastructure layer for AI-powered communication, Telnyx helps businesses build and scale next-generation experiences—from AI voice assistants to global contact centers. Learn more at telnyx.com.

    The MIL Network –

    June 20, 2025
  • MIL-OSI Canada: Minister Joly travels to France to support innovative Canadian industries

    Source: Government of Canada News (2)

    June 19, 2025 – Paris, France 

    The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, led Canada’s presence at the 55th International Paris Air Show.

    Minister Joly showcased Canada’s highly innovative aerospace sector and promoted the country as a top destination for global aerospace investment—at a time when Canada is seeking to help build trusted, reliable partnerships that support its companies and workers.

    Minister Joly met with CEOs of Canadian and global aerospace businesses as well as with key provincial partners, including François Legault, Premier of Quebec; Christine Fréchette, Quebec Minister of Economy, Innovation and Energy; and the Honourable Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade.

    During the visit, Minister Joly underscored Canada’s world-class aerospace sector, with its strong workforce and cutting-edge innovation, and highlighted that the government is committed to making major investments in the economy and supporting Canada’s defence sector. These investments will generate jobs and opportunities throughout Canada’s industrial base, strengthen domestic capabilities, and diversity Canada’s international partnerships. She also advocated for workers across other Canadian industries, including steel and aluminum, which are well positioned to be better integrated into global aerospace supply chains.

    A highlight of the visit was LOT Polish Airlines’ announcement of its intention to purchase up to 84 Canadian-built Airbus A220 aircraft, made in Mirabel, Quebec. This is a major win for Canadian workers. The deal will create many high-paying jobs and highlights Canada’s desire for deeper industrial and commercial ties with Europe at a time when cooperation with reliable partners is more important than ever.

    Minister Joly welcomed France’s announcement of its purchase of new GlobalEye aircraft from Saab, which uses Bombardier’s Canadian-designed, -developed and -built Global 6500 platform. 

    In addition, Minister Joly welcomed the announcement of $87.4 million for the latest projects from the Initiative for Sustainable Aviation Technology (INSAT), a pan-Canadian, industry-led network focused on accelerating sustainable innovation in aviation.

    Prior to the Paris Air Show, Minister Joly represented Canada at VivaTech 2025, Europe’s largest startup and tech event. Canada was Country of the Year at the event, and its participation was a celebration of our leadership in AI and new technologies that the world needs.

    MIL OSI Canada News –

    June 20, 2025
  • MIL-OSI: Litecoin Surges as ETF Decision Nears; DRML Miner Launches New Cloud Mining Service

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 19, 2025 (GLOBE NEWSWIRE) — Market eyes potential ETF approval as DRML Miner introduces compliant, green Litecoin mining solution amid increased investor demand

    In a significant development for the crypto market, Litecoin has shown strong momentum despite broader volatility, fueled by regulatory updates and a sharp rise in investor interest. 

    DRML Miner, a UK-based cloud mining platform, has introduced a new Litecoin-focused cloud mining service aimed at retail investors. This launch comes just as on-chain data indicates a $600 million surge in LTC transactions over the past 48 hours, with much of the volume shifting toward regulated platforms like DRML Miner. Retail participation has also seen a sharp increase, with new user sign-ups reportedly up by more than 300%.

    What’s New: DRML Miner’s Litecoin Mining Service

    The new offering allows users to mine Litecoin remotely without the need to purchase or manage physical hardware. DRML Miner supports multiple assets, including BTC, XRP, and DOGE, and connects users to high-efficiency mining farms using real-time optimization systems.

    With mainstream Litecoin mining equipment now costing between $4,000–$6,000 and global electricity rates continuing to rise, DRML Miner’s model offers an alternative built around three key features:

    1. Regulatory Compliance and Asset Security
       DRML Miner operates under UK licenses. User assets are stored via cold wallets and protected with military-grade encryption. The platform holds $1.9 billion in managed assets and has maintained a zero-incident security record for six consecutive years.
    2. Green, Efficient Mining Infrastructure
       The company operates a global network of mining centers powered entirely by renewable energy sources such as hydro, wind, and solar. Its system automatically switches to the highest-yielding coins based on market conditions, maximizing daily returns through ASIC and GPU clustering.
    3. Low-Barrier Daily Income for Retail Users
       New users can register and receive a $10 starting bonus. No hardware investment is required—users simply select a contract, and mining income is automatically calculated and distributed every 24 hours, with full control over reinvestment and withdrawal.

    Analyst Outlook

    According to DRML Miner analysts, a Litecoin ETF approval—expected as early as June—could mark the beginning of broader altcoin financialization. “Cloud mining allows retail participants to engage with major market shifts without taking on hardware or compliance risks,” one analyst noted.

    How to Participate

    1. Register on the official website to receive a $10 bonus.
    2. Select a mining contract that aligns with your financial strategy.
    3. Track and manage returns using a real-time dashboard, with income distributed daily.

    About DRML Miner

    Established in 2018 and based in the UK, DRML Miner provides regulated cloud mining and asset management services to over 7.2 million users worldwide. Its infrastructure is designed to support a transparent and environmentally responsible approach to digital asset mining.

    For more details, visit https://drmlminer.com/.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    June 20, 2025
  • MIL-OSI: Litecoin Surges as ETF Decision Nears; DRML Miner Launches New Cloud Mining Service

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 19, 2025 (GLOBE NEWSWIRE) — Market eyes potential ETF approval as DRML Miner introduces compliant, green Litecoin mining solution amid increased investor demand

    In a significant development for the crypto market, Litecoin has shown strong momentum despite broader volatility, fueled by regulatory updates and a sharp rise in investor interest. 

    DRML Miner, a UK-based cloud mining platform, has introduced a new Litecoin-focused cloud mining service aimed at retail investors. This launch comes just as on-chain data indicates a $600 million surge in LTC transactions over the past 48 hours, with much of the volume shifting toward regulated platforms like DRML Miner. Retail participation has also seen a sharp increase, with new user sign-ups reportedly up by more than 300%.

    What’s New: DRML Miner’s Litecoin Mining Service

    The new offering allows users to mine Litecoin remotely without the need to purchase or manage physical hardware. DRML Miner supports multiple assets, including BTC, XRP, and DOGE, and connects users to high-efficiency mining farms using real-time optimization systems.

    With mainstream Litecoin mining equipment now costing between $4,000–$6,000 and global electricity rates continuing to rise, DRML Miner’s model offers an alternative built around three key features:

    1. Regulatory Compliance and Asset Security
       DRML Miner operates under UK licenses. User assets are stored via cold wallets and protected with military-grade encryption. The platform holds $1.9 billion in managed assets and has maintained a zero-incident security record for six consecutive years.
    2. Green, Efficient Mining Infrastructure
       The company operates a global network of mining centers powered entirely by renewable energy sources such as hydro, wind, and solar. Its system automatically switches to the highest-yielding coins based on market conditions, maximizing daily returns through ASIC and GPU clustering.
    3. Low-Barrier Daily Income for Retail Users
       New users can register and receive a $10 starting bonus. No hardware investment is required—users simply select a contract, and mining income is automatically calculated and distributed every 24 hours, with full control over reinvestment and withdrawal.

    Analyst Outlook

    According to DRML Miner analysts, a Litecoin ETF approval—expected as early as June—could mark the beginning of broader altcoin financialization. “Cloud mining allows retail participants to engage with major market shifts without taking on hardware or compliance risks,” one analyst noted.

    How to Participate

    1. Register on the official website to receive a $10 bonus.
    2. Select a mining contract that aligns with your financial strategy.
    3. Track and manage returns using a real-time dashboard, with income distributed daily.

    About DRML Miner

    Established in 2018 and based in the UK, DRML Miner provides regulated cloud mining and asset management services to over 7.2 million users worldwide. Its infrastructure is designed to support a transparent and environmentally responsible approach to digital asset mining.

    For more details, visit https://drmlminer.com/.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    June 20, 2025
  • MIL-OSI Banking: Independent Petroleum Association of America Awards Highest Honor to Midland’s Don Sparks of Discovery Operating, Inc.

    Source: Independent Petroleum Association of America

    Headline: Independent Petroleum Association of America Awards Highest Honor to Midland’s Don Sparks of Discovery Operating, Inc.

    Jun 19, 2025 Independent Petroleum Association of America Awards Highest Honor to Midland’s Don Sparks of Discovery Operating, Inc.

    Posted at 14:49h in Press Releases by Jennifer Pett

    66th Annual Oil & Gas Lifetime Achievement Award Presented to Discovery Operating, Inc. Chairman and Cofounder

    WILLIAMSBURG, VA – At the 96th Annual Meeting of the Independent Petroleum Association of America (IPAA) in Williamsburg, VA, Don Sparks the cofounder and chairman of the board of Discovery Operating, Inc. was presented with the 2025 Chief Roughneck Award.

    IPAA represents thousands of independent businesses that develop 91 percent of America’s oil and natural gas wells. The Chief Roughneck honor dates back to 1955 and has included pioneers in the industry. Sparks was selected by industry peers as the 66th recipient of the award. Past winners of the Chief Roughneck Award can view viewed on the American Oil & Gas Historical Society website.

    The Chief Roughneck Award recognizes one individual whose accomplishments and character represented the highest ideals of the U.S. oil and natural gas industry. The award is considered one of the most meaningful honors in the industry; the award and the character behind it – Joe Roughneck – symbolize the spirit, determination, leadership and integrity of individuals who have made a lasting impression on the energy industry.

    Jeff Eshelman, IPAA President and CEO: “It is the IPAA leadership’s honor to present the Chief Roughneck Award to Don Sparks. Don has made his mark on Midland, mark on the industry and mark on the country. We are immensely grateful to have had him and his family active in IPAA and our advocacy for decades. His technical consulting and independent producing background enables him to be especially sensitive to the particular needs of independent producers, along with working interest participants and royalty interest owners. He’s a true patriot and has played a significant role in our country achieving energy dominance. Don and the Sparks family are the embodiment of this award, and we wish them and Discovery Operating, Inc. success for many more years and generations.”

    Don Sparks, cofounder and Chairman of the Board of Discovery Operating, Inc.: “I’ve been very blessed to work in an industry that I truly believe helps this world and all the people in it and I’m proud to be a part of it. I thank those that helped me get here, it was not by myself. It was one of my dreams to build a family company; My wife has been in partnership in Discovery Operating, Inc. with me from the beginning, and I’ve been blessed to have my sons and three grandchildren involved.  I’ve been blessed with the guys that work with me in the field; they go out there everyday and put their bodies and their time and energy into making sure this industry survives and gets by no matter the oil price. Thank you to the IPAA for this recognition.”

    Don Sparks was born in Pampa, Texas, raised in Amarillo, Texas, and received his bachelor’s degree in petroleum engineering from The University of Texas at Austin in 1962. After graduation, Sparks served as an officer in the U.S. Navy for four years and worked in various engineering and consulting capacities for Bailey, Sipes, Williamson and Runyan; Freeport Oil Company; and Shell Oil Company. He co-founded Discovery Operating, Inc. (DOI) in 1973. More than five decades later, Discovery Operating has evolved into a classic small family owned and operated independent oil and gas company with 31 full-time employees. Discovery operates approximately 420 wells located within a 300-400 mile radius of Midland. Today with the horizontal shale play, DOI’s operated production is over 15,000 BOPD and 35 million cubic feet per day of natural gas. He has been influential in the development of the Wolfcamp and Spraberry shales, and the logging suite and analysis he helped establish has been the basis for picking the landing zones in the horizontal wells drilled and completed in the Midland Basin today. Sparks also cofounded Platt, Sparks & Associates with Ronald Platt which evaluates properties, performs reservoir studies and provides expert testimony for hearings and litigations in Midland and Austin; both men retired from the firm in 2014.

    Sparks is a registered professional engineer and a renowned member of the petroleum engineering community. He has received numerous awards in recognition of his accomplishments, including the IPAA’s Leadership Award, the University of Texas Cockrell School of Engineering Distinguished Graduate Award and the Hearst Lifetime Achievement Energy Award. He previously served as president of the Permian Basin Chapter of the Society of Petroleum Engineers, director of the Permian Basin Petroleum Association and regional vice president, governor and executive committee member of the IPAA. He also served as a member of the U.S. Department of Energy Unconventional Resources Technology Advisory Committee. He is an active member of the National Society of Petroleum Engineers, American Association of Drilling Engineers and Texas Alliance of Energy Producers. Don also served on the Executive Committee and as chairman of the Mountain States Legal Foundation Executive Board.

    Sparks currently resides in Midland, Texas, with his wife, Gwyndolyn. They have three sons, eleven grandchildren and twelve great-grandchildren. All three of his children are partners in Discovery Operating, Inc. William Jeffrey Sparks is Chief Operating Officer, Kevin Don Sparks is Chief Executive Officer and Christopher Todd Sparks is Chief Financial Officer and takes care of outside investments. Gwyn Sparks works at Discovery in accounting.

    About the Independent Petroleum Association of America

    The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and natural gas producers and service companies across the United States. Independent producers develop 91 percent of the nation’s oil and natural gas wells. These companies account for 83 percent of America’s oil production, 90 percent of its natural gas and natural gas liquids (NGL) production, and support over 4.5 million American jobs. Learn more about IPAA by visiting www.ipaa.org and following @IPAAaccess on Twitter.

    About Discovery Operating Company

    Founded in 1973, Discovery Operating, Inc. is a family owned, independent exploration and production company located in Midland, Texas with 31 employees. The company currently operates over 400 wells across Texas.

    MIL OSI Global Banks –

    June 20, 2025
  • MIL-OSI Europe: Answer to a written question – New GAR-based reporting standards introduced under the EU’s sustainable finance policies – E-000904/2025(ASW)

    Source: European Parliament

    The Commission emphasises the need for large financial institutions to disclose alignment with Taxonomy criteria. The Commission intends to address issues with the methodology of the Green Asset Ratio as part of the planned review of the Taxonomy Disclosures Delegated Act[1]. A draft amending Delegated Regulation was published for consultation between 26 February and 26 March 2025[2].

    Financial institutions are also expected to benefit from the possibility to disclose economic activities meeting only certain criteria, like climate change mitigation.

    This is reflected in the proposed amendment to the Corporate Sustainability Reporting Directive to revise reporting rules and better reflect the transition efforts introducing disclosures of partial alignment with the Taxonomy.

    In view of meeting the environment and climate objectives, the 8th Environment Action Programme Mid-Term Review[3] calls for collaborative efforts to render laws effective and promote clean solutions.

    Simplification, modernisation, digitalisation and funding are pivotal. Successful implementation hinges on overcoming challenges to ensure stakeholder buy-in, showcasing the benefits of the green transition.

    The Commission commits to ongoing dialogue with Member States, fostering understanding of climate risks and opportunities and building support for effective policies. This approach precedes legislative revisions, adhering to evidence-based policy-making aligned with Better Regulation guidelines.

    In addition, inclusive dialogues with stakeholders ensure that policies enshrined in the European Green Deal contribute to a just and competitive transition.

    Notably, the Clean Industrial Deal[4] that facilitates achievement of EU climate goals by incentivising industry decarbonisation, was supported by stakeholder initiatives like the Antwerp Declaration for a European Industrial Deal[5] and Clean Transition Dialogues[6], tailored to sectors such as automotive, steel, metals and chemicals.

    • [1] Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation
      OJ L 443, 10.12.2021, p. 9-67.
    • [2] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14546-Taxonomy-Delegated-Acts-amendments-to-make-reporting-simpler-and-more-cost-effective-for-companies_en.
    • [3] COM(2024)123 final.
    • [4] COM(2025) 85.
    • [5] https://antwerp-declaration.eu/.
    • [6] COM (2024)163 final.

    MIL OSI Europe News –

    June 20, 2025
  • MIL-OSI Europe: Answer to a written question – New GAR-based reporting standards introduced under the EU’s sustainable finance policies – E-000904/2025(ASW)

    Source: European Parliament

    The Commission emphasises the need for large financial institutions to disclose alignment with Taxonomy criteria. The Commission intends to address issues with the methodology of the Green Asset Ratio as part of the planned review of the Taxonomy Disclosures Delegated Act[1]. A draft amending Delegated Regulation was published for consultation between 26 February and 26 March 2025[2].

    Financial institutions are also expected to benefit from the possibility to disclose economic activities meeting only certain criteria, like climate change mitigation.

    This is reflected in the proposed amendment to the Corporate Sustainability Reporting Directive to revise reporting rules and better reflect the transition efforts introducing disclosures of partial alignment with the Taxonomy.

    In view of meeting the environment and climate objectives, the 8th Environment Action Programme Mid-Term Review[3] calls for collaborative efforts to render laws effective and promote clean solutions.

    Simplification, modernisation, digitalisation and funding are pivotal. Successful implementation hinges on overcoming challenges to ensure stakeholder buy-in, showcasing the benefits of the green transition.

    The Commission commits to ongoing dialogue with Member States, fostering understanding of climate risks and opportunities and building support for effective policies. This approach precedes legislative revisions, adhering to evidence-based policy-making aligned with Better Regulation guidelines.

    In addition, inclusive dialogues with stakeholders ensure that policies enshrined in the European Green Deal contribute to a just and competitive transition.

    Notably, the Clean Industrial Deal[4] that facilitates achievement of EU climate goals by incentivising industry decarbonisation, was supported by stakeholder initiatives like the Antwerp Declaration for a European Industrial Deal[5] and Clean Transition Dialogues[6], tailored to sectors such as automotive, steel, metals and chemicals.

    • [1] Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation
      OJ L 443, 10.12.2021, p. 9-67.
    • [2] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14546-Taxonomy-Delegated-Acts-amendments-to-make-reporting-simpler-and-more-cost-effective-for-companies_en.
    • [3] COM(2024)123 final.
    • [4] COM(2025) 85.
    • [5] https://antwerp-declaration.eu/.
    • [6] COM (2024)163 final.

    MIL OSI Europe News –

    June 20, 2025
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