Category: Business

  • MIL-OSI: Bitget Wallet and Entravel Partner to Enable Discounted Luxury Hotel Bookings with Crypto

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, June 13, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has partnered with Entravel, the world’s largest crypto-native hotel booking platform, to offer users access to a private club of over one million luxury hotels and resorts worldwide at exclusive, members-only rates. The integration introduces a new way for Bitget Wallet users to spend their digital assets on real-world experiences, directly within the app.

    This Web3-powered travel experience is designed to let users book premium hotels with crypto and card payments, enjoy prices up to 60% lower than mainstream platforms such as Expedia and Booking.com. Users can access stays at leading global hotel brands including Marriott, InterContinental, Hyatt, and more — all at exclusive discounted rates. Additional perks through Bitget Wallet’s ecosystem include members-only rates, up to 6% cashback for Bitget Wallet cardholders, and seamless in-app booking access — bringing real utility to digital assets.

    As a leading self-custodial crypto wallet focused on making crypto usable in everyday life, Bitget Wallet continues to expand beyond asset storage and trading. With the Entravel partnership, Bitget Wallet users now have an intuitive and secure way to spend their crypto on real-world experiences — starting with premium travel.

    “Entravel brings real-world utility to crypto,” said Alvin Kan, COO at Bitget Wallet. “This partnership lets our users turn digital assets into meaningful travel experiences — seamlessly and securely.”

    Key Benefits of Bitget Wallet x Entravel Hotels

    • Access to 1M+ premium & luxury hotels and resorts around the world
    • Up to 60% savings vs traditional hotel booking platforms
    • Members-only & insider rates
    • Up to 6% extra cashback for Bitget Wallet card holders
    • Seamless booking via the Bitget Wallet app and platform
    • Crypto payments supported

    “Partnering with Bitget Wallet brings premium travel at rare, discounted rates to a global crypto audience,” said Mathias Lundoe Nielsen, Founder & CEO of Entravel. “It’s a big step toward making crypto truly usable in everyday life.”

    This integration expands Bitget Wallet’s in-app marketplace, where users can spend digital assets across a growing range of everyday services such as regional shopping, mobile top-ups, hotel bookings, entertainment credits, prepaid virtual cards and more.

    About Bitget Wallet

    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, dApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: XTelegramInstagramYouTubeLinkedInTikTokDiscordFacebook

    For media inquiries, contact media.web3@bitget.com

    About Entravel

    The leading crypto-native hotel booking platform. Private members club, accessed by invitation only. The lowest prices on luxury hotels, with guarantee. Entravel partners with top-tier Web3 platforms to bring travel, savings, and convenience to the global crypto community.

    For more information, visit https://entravel.com/

    For media inquiries, contact marketing@entravel.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/169efbe7-b4b1-4081-9541-c0f7146f75ce

    The MIL Network

  • MIL-OSI: XRP News: Strong Momentum Spotted in Nimanode Presale as It Explodes Past 15% of Softcap – Don’t Miss Out

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, June 12, 2025 (GLOBE NEWSWIRE) — As BTC reclaims $110,000 and Etherum poised to break it’s early high, early talks of recovery in the crypto markets are here, however while it might seem a bit late to take a position in the rally markets, valuable Altcoins such as Nimanode is poised to give those explosive returns in the markets.

    As the XRP Ledger is experiencing a surge of renewed momentum as Nimanode the first AI agent platform with a no-code builder on XRPL advances through its high-demand $NMA Token Presale raising over 15% of its soft cap target and the excitement just intensified.

    Join $NMA Presale

    All Eyes on Nimanode – Dont Miss Out

    FOMO is already building up as the Nimanode Presale momentum indicates strong confidence from early investors citing a belief in the project.

    Demand for the NMA token has also surged as tokens are set to be listed at an upward 25% price from presale prices at top XRPL exchanges like Magnetic, instant returns for early investors.

    How to Join in the Nimanode Presale

    Joining in the NimaNode Presale is quite straightforward

    Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit.

    Setup an XRP-Compatible Wallet: Send your XRP to an XRP compatible Wallet (e.g. Xaman).

    Participate in the Presale: Visit the NimaNode presale page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.

    There is a Limited Time Period of 30 Days for the Presale and it’s pricing is going at 1 XRP = 450 $NMA

    As Nimanode Presale gains momentum, now is a perfect opportunity to position at the next wave of Blockchain innovation poised for massive gains through the integration of Web3 and AI.

    Why Investors are Scooping Up $NMA

    From the desk of the development team at Nimanode, they are set to deliver an Agentic workforce handling various tasks autonomously. Features of these Ecosystem include but not limited to

    Zero-Code Agent Builder: Create and launch AI agents through an intuitive drag-and-drop interface
    Autonomous On-Chain Agents: Agents can interact with dApps, execute logic, and respond to events
    Decentralized Agent Marketplace: Allows the community to deploy and monetize AI Agents
    Cross-Chain & Off-Chain Integration: Enable automation across multiple networks and external APIs

    $NMA – Fueling the Nimanode Ecosystem

    With 90 million $NMA tokens representing 45% of the total supply allocated for the presale, early birds have a rare opportunity to seize the advantage and invest in $NMA before its DEX Listing at 25% higher value mainly because of it various utilities in their ecosystem which include:

    Agent Deployment – Launching agents when holding a minimum $NMA balance

    Agent Upgrades – Skilled developers can hold $NMA to build custom agents and upgrades to them

    Agent Marketplace – Use $NMA to access premium agents or receive exclusive discounts

    Staking Benefits – Stake $NMA to earn passive income through the platform’s reward pool

    Governance Access – Participate in protocol decisions and vote on proposals that shape Nimanode’s future

    Join $NMA Presale

    Nimanode is a decentralized AI agent platform built on the XRP Ledger, offering no-code and developer tools to deploy on-chain AI agents that automate blockchain activity, optimize protocol interaction, and monetize intelligent services. By bridging AI with decentralized infrastructure, Nimanode is building the next evolution of digital work and Web3 automation.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/625cd0fe-6362-4233-a6d5-86f2e209233d

    The MIL Network

  • MIL-OSI: NBPE – Result of AGM

    Source: GlobeNewswire (MIL-OSI)

    NB Private Equity Partners Announces the Results of the Annual General Meeting

    St Peter Port, Guernsey 12 June 2025

    NB Private Equity Partners Limited (the “Company”) is pleased to announce that at the Annual General Meeting of its Class A Shareholders held at 1.45 p.m. on 12 June 2025, each of the Resolutions tabled were duly passed without amendment.

    All resolutions as set out in the Notice of AGM, of which resolutions 1-10 were proposed as ordinary resolutions and resolutions 11 and 12 were proposed as special resolutions, were voted on by way of a poll and the results were as follows:

    Resolution Votes For % votes cast Votes Against % votes cast Votes Withheld*
    1. To receive the Audited Financial Statements and Directors Report for the year ended 31 December 2024.
    29,176,689 100% Nil Nil 28,512
    1. To approve the Directors Remuneration Report as set out in the Annual Report for the year ended 31 December 2024.
    29,157,113 99.95% 14,774 0.05% 33,314
    1. To re-elect William Maltby as a Director of the Company.
    28,884,679 99.01% 289,794 0.99% 30,726
    1. To re-elect Trudi Clark as a Director of the Company.
    28,529,372 97.79% 645,101 2.21% 30,726
    1. To re-elect Wilken von Hodenberg as a Director of the Company.
    28,907,148 99.08% 267,005 0.92% 31,046
    1. To re-elect Louisa Symington-Mills as a Director of the Company.
    28,905,644 99.08% 268,098 0.92% 31,457
    1. To re-elect Pawan Dhir as a Director of the Company.
    28,905,637 99.09% 265,967 0.91% 33,595
    1. That KPMG Channel Islands Limited be re-appointed as auditor of the Company.
    26,983,892 92.49% 2,190,477 7.51% 30,832
    1. That the Directors may determine the remuneration of the auditors.
    28,794,977 98.69% 381,712 1.31% 28,512
    1. That the interim dividend paid on 28 February 2025 of $0.47 per share be approved and ratified.
    29,078,022 99.66% 98,614 0.34% 28,565
    1. That the Company be authorised in accordance with Section 315 of the Companies (Guernsey) Law, 2008 (as amended) to make market acquisitions of its ordinary shares in accordance with the terms set out in the Notice of Annual General Meeting.
    29,060,885 99.6% 115,804 0.4% 28,512
    1. That the Directors be authorised to allot and issue (or sell from treasury) equity securities for cash, up to an aggregate amount not exceeding 9.99% of the Ordinary Shares in issue.
    28,938,707 99.19% 237,715 0.81% 28,779

    * A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

    Mr. John Falla retired from the Board upon the conclusion of the Annual General Meeting, and Mr. Dhir takes the role of the Audit Committee Chairman as set out in the Notice of Annual General Meeting.

    For further information, please contact:

    NBPE Investor Relations        +44 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman

    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

    The MIL Network

  • MIL-OSI Global: The Conversation scoops two awards in one night, including Podcast Publisher of the Year

    Source: The Conversation – UK – By Gemma Ware, Head of Audio, The Conversation UK

    The Conversation UK’s Head of Audio, Gemma Ware, at the Publisher Podcast Awards on June 11.

    The Conversation’s audio team is celebrating a very successful night at the Publisher Podcast awards where The Conversation won Podcast Publisher of the Year.

    The judges said: “This particular publisher has been entering these awards since the start and it’s been a real honour to watch their work grow in quality and depth each year, to the point they were placed in the top 3 of every single category they entered this year.”

    We were also thrilled that our recent series Scam Factories won the Best Investigative Podcast category in a very strong field. The series exposed the brutal workings of scam centres in south east Asia where thousands of people, many tricked into being there, are forced to work scamming others around the world. We worked with three researchers on a multimedia project and three part podcast series that involved producers and translators in Cambodia, China and Uganda.

    We’re a small team working across multiple time zones to bring academic expertise and research to new audiences in audio and I’m thrilled that our type of journalism has been recognised in this way.

    You can listen to all episodes of Scam Factories, now available on The Conversation Documentaries feed and explore the accompanying multimedia series.

    Visit our podcast page to explore our other podcasts including The Conversation Weekly, Know Your Place: what happened to class in British politics and The Conversation’s Curious Kids.

    ref. The Conversation scoops two awards in one night, including Podcast Publisher of the Year – https://theconversation.com/the-conversation-scoops-two-awards-in-one-night-including-podcast-publisher-of-the-year-258879

    MIL OSI – Global Reports

  • MIL-OSI USA: Micron Announces Massive Chips Investment, Onshoring Production

    US Senate News:

    Source: US Whitehouse
    Today, the Trump Administration announced a $200 billion investment by Micron Technology, the sole U.S.-based manufacturer of advanced memory chips – only the latest large-scale investment secured since President Donald J. Trump took office.
    The investment includes construction of a second chip fabrication facility in Boise, Idaho, and modernizing its Manassas, Virginia, facility — onshoring production of its advanced DRAM technology from Taiwan for the first time and creating 90,000 direct and indirect jobs.
    It’s all part of President Trump’s commitment to revitalizing American manufacturing and establishing the country as the global leader in technology — particularly in artificial intelligence.
    Since President Trump took office, leading technology companies have pledged trillions of dollars in U.S.-based manufacturing and production, including Project Stargate, Apple, NVIDIA, IBM, TSMC, and others.
    It’s another big win for American workers, national security, and leadership in the world — and the best is yet to come.

    MIL OSI USA News

  • MIL-OSI Russia: Chinese Premier Meets ECB Chief

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 12 (Xinhua) — Chinese Premier Li Qiang met with European Central Bank (ECB) President Christine Lagarde in Beijing on Thursday, calling for greater openness and cooperation between the two sides.

    Recalling that this year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union, Li Qiang said China hopes to continue making efforts with the EU to consolidate political mutual trust, expand practical cooperation and jointly promote development and prosperity.

    As the head of the Chinese government noted, the economies of China and the EU are highly complementary, China has the advantage of a super-large market and continues to reveal its market potential. The parties have significant potential for cooperation in many areas, Li Qiang added.

    As two major economies and two major forces, China and the EU should carry out closer multilateral coordination, promote openness and cooperation, and make greater contributions to global economic recovery and improving global governance, the premier said.

    In addition, Li Qiang expressed China’s intention to strengthen cooperation with the ECB in such aspects as reforming the international monetary system. He also assured that China will resolutely expand its opening up to the outside world and share its development opportunities with all countries.

    K. Lagarde, for her part, noted that customs and trade wars will only lead to mutual loss; firm adherence to multilateralism and strengthening openness and cooperation are the right choice.

    As noted by K. Lagarde, the ECB is pleased to jointly establish with China the mechanism of central bank governors’ meetings and hold the first meeting within its framework, and also seeks to strengthen communication and coordination with Chinese financial institutions, expand and deepen areas of cooperation, jointly addressing global challenges. –0–

    MIL OSI Russia News

  • MIL-OSI Security: Armed Threat of Insurance Inspector Leads to 21-Month Sentence for Springfield Man Convicted of Unlawfully Possessing a Firearm

    Source: Office of United States Attorneys

    James Elliott was previously convicted in Kansas of aggravated assault, indecent conduct with a child

    BANGOR, Maine: A Springfield man was sentenced in U.S. District Court in Bangor today for unlawfully possessing a firearm.

    U.S. District Judge Stacey D. Neumann sentenced James Elliott, 67, to 21 months in prison, followed by 3 years of supervised release. Elliott pleaded guilty on February 4, 2025.

    According to court records, in February 2024, a deputy from the Penobscot County Sheriff’s Office responded to a report that Elliott had threatened an insurance company home inspector with a firearm. During a search of Elliott’s home in March 2024, deputies found six firearms, including a loaded .44 magnum lever-action rifle. Elliott is precluded from possessing firearms due to two prior felony convictions in the state of Kansas.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) investigated the case with assistance from the Penobscot County Sheriff’s Office, the Maine Warden Service, and the Maine Drug Enforcement Agency.

    Project Safe Neighborhoods: This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, visit https://www.justice.gov/usao-me/psn.

    ###

    MIL Security OSI

  • MIL-OSI Global: Air India crash: what do we know about the Boeing 787 Dreamliner involved? Expert Q&A

    Source: The Conversation – Global Perspectives – By Ali Elham, Professor of Design Optimisation, Department of Aeronautics and Astronautics, University of Southampton

    Motive56 / Shutterstock

    An Air India plane bound for London Gatwick airport crashed shortly after take-off on 12 January in Ahmedabad, western India. Flight AI171 was carrying 242 people, including 169 Indian nationals, 53 Britons, seven Portuguese and one Canadian.

    Here, Professor Ali Elham, from the University of Southampton’s Department of Aeronautics and Astronautics, speaks to The Conversation’s Paul Rincon about the plane involved in the crash, Boeing’s 787 Dreamliner.

    How does Boeing’s 787 Dreamliner differ from other passenger planes?

    The Dreamliner was a huge breakthrough in aircraft design. For example, it was the first Boeing aircraft with more than 50% composite material in its structure. In this case, composite material refers mainly to carbon fibre. This carbon fibre was replacing parts of the structure that would have been made from aluminium in previous types of aircraft. This contributed to a huge reduction in aircraft weight.

    There were many innovations in the 787, making it very different from previous iterations of Boeing aircraft, such as the 747 and 767.

    The combination of new engines, improved aerodynamics, and significant weight reduction – largely due to the use of composite materials – resulted in notable reductions in both fuel consumption and carbon emissions compared to previous-generation aircraft. Another feature was the greatly increased electrification of the plane, with more use of batteries for onboard power systems.

    What is the Dreamliner’s safety record like?

    The Dreamliner has a very good safety record and has been flying for many years without significant problems. But when the plane was new, in 2013 or so, there were a few incidents in which the aircraft’s lithium-ion batteries overheated, in some cases resulting in smoke or even catching fire, both on the ground and during flight. There were no casualties and the aircraft were all able to land safely. But Boeing grounded all Dreamliners for a few months.

    Boeing intensively investigated the problem. They redesigned the batteries, they redesigned the battery containers and then they ran tests and an extensive certification process that allowed them to return the Dreamliners to flight. Since then, there have been no incidents with batteries as far as I am aware.

    Batteries were used instead of getting power from the gas turbines in the engines. The power is used for instruments, for electronics and many other aircraft systems. Increased electrification – getting more of the aircraft’s power from batteries – contributes to reducing carbon emissions, because the gas turbines run on kerosene.

    Do any details currently known about the crash narrow down the search for the cause?

    It’s too early to say anything about the cause of the crash, and as far as I’m aware no official details have been released about the cause.

    Generally speaking, however, when you investigate air crashes, they often involve a chain of problems. One thing happens, then a number of events follow from that. So it might not be one cause here.

    This crash occurred shortly after takeoff. While flying is statistically the safest form of transport, the takeoff and landing phases are generally considered the most critical. This is because aircraft operate closer to the ground, with less time and altitude to respond to technical issues or sudden changes. Although not inherently dangerous, these phases carry a higher risk of incidents compared to cruising at altitude.

    What will the crash investigation focus on?

    They will investigate everything. They will search for the data recorders (black boxes), which are designed to survive a crash. If these are recovered, investigators will be able to view all the flight data, hear all the cockpit conversations. They will take all the information from the control tower. Sometimes clues can be found from all this data. They will also examine the wreckage of the aircraft in detail.

    It’s a different situation from the Boeing 737 Max groundings, which followed two crashes linked to a specific and repeatable software flaw. Similarly, when the Dreamliner first entered service, a series of battery overheating incidents revealed a systemic issue that led regulators to temporarily ground the fleet.

    In the current case, unless investigators identify a recurring technical problem that poses an immediate risk to other 787s, a fleet-wide grounding would be unlikely. Safety is always the top priority, but regulatory responses typically depend on whether an issue appears to be isolated or part of a broader pattern.

    It must be said that the 787 Dreamliner has a very good safety record. It had a very long certification period with the Federal Aviation Administration (FAA) in the US.

    Ali Elham 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. Air India crash: what do we know about the Boeing 787 Dreamliner involved? Expert Q&A – https://theconversation.com/air-india-crash-what-do-we-know-about-the-boeing-787-dreamliner-involved-expert-qanda-258853

    MIL OSI – Global Reports

  • MIL-OSI Global: Tornado is a Scottish samurai-western film – genres with a long-shared history

    Source: The Conversation – UK – By Jonathan Wroot, Senior Lecturer in Film Studies, University of Greenwich

    Tornado fuses aspects of the western and samurai-style action in atmospheric 18th-century Scotland. Critics have praised the performances of Tim Roth, Jack Lowden and newcomer Kôki who plays the titular Tornado.

    Director John Maclean’s appreciation of both westerns and samurai films is undeniable in Tornado, a stylistic tale of revenge, violence and stolen gold. Any filmmaker’s visual flair and storytelling choices stand out against these conventions. This was also the case with Maclean’s excellent revisionist take on the western genre, Slow West, which was released in 2015.

    The western and the samurai film are not as popular as they once were, especially in the 1960s and 70s. But their characteristics are still hugely influential, as Tornado demonstrates. The film highlights specific parallels between the two genres. In particular, tales of lone warriors, gangs of greedy bandits, violent revenge and stolen treasure, are recurring motifs in both cinematic traditions.


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    In most Hollywood films, any character who wields a samurai sword is referred to as a samurai. However, a samurai sword might be wielded by a soldier, a yakuza or a ronin (a wandering lone swordsman).

    The real samurai were salaried warriors, who swore loyalty to a local lord in Japan’s medieval era, in return for money, food and shelter. They typically use a long sword (katana) and two shorter swords, known as the wakizashi and the tanto.

    But as Japanese swords are most often associated with samurai in western culture, the name has stuck. In Japan, such films are more likely to be called chanbara (sword-action) films. This includes Tornado, which will most likely be marketed as a chanbara title if it is released in Japan.

    In Japan, Fujin (Takehiro Hira) and his daughter Tornado will be seen as closer to wandering swordsman characters from long-running series, like the Zatoichi franchise, than samurai.

    The trailer for Tornado.

    Western-samurai influences

    One of the most influential Japanese films to have samurai in the title is clearly a touchstone for Tornado. Akira Kurosawa’s Seven Samurai (1954) has produced many remakes, including two film versions of The Magnificent Seven (released in 1960 and 2016), and intergalactic adaptations such as Battle Beyond The Stars (1980).

    The antagonists in Seven Samurai were bandits, which is also the case in Tornado. The unlikely gang is made up of characters with various deadly skills, as were the heroes in the 1954 epic.

    Akira Kurosawa’s Rashomon (1950) and Yojimbo (1961) were also remade as westerns. The Outrage and A Fistful of Dollars were released in 1964. Some of the most famous and popular samurai films involve stories of swordsmen banding together, or taking on villains alone – plots which can be easily adapted to the wild west setting.

    Still, influence works both ways. Akira Kurosawa was an admirer of John Ford’s western films before his own work was remade in Hollywood. Various other Japanese pictures, from The Rambling Guitarist (1959) to Sukiyaki Western Django (2007), have paid homage to westerns over the years. And in 2013, Japanese actor Ken Watanabe starred in a Japanese remake of Clint Eastwood’s award-winning film Unforgiven (originally released in 1992).

    Nine films that were inspired by Seven Samurai.

    Similarly to Japanese period films, westerns continue to be made, though far fewer. With lower budgets often comes revisionist takes on their historical setting, alongside the reduced chances of actually making a western in the US. Slow West (2015) and The Power of the Dog (2021) were predominantly filmed in New Zealand.

    In Australia there is also a long history of the outback western, often set in the 19th century. The Proposition (2005) is a celebrated 21st century example.

    So Tornado is in good company. And Maclean has made a sound decision to take samurai and western cinematic influences to Scotland. At the time of writing, no historical evidence confirms the possibility of wandering Japanese swordsmen in this part of the world in the 18th century. But in film history, samurai and gunslingers have travelled around the world many times.

    Jonathan Wroot 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. Tornado is a Scottish samurai-western film – genres with a long-shared history – https://theconversation.com/tornado-is-a-scottish-samurai-western-film-genres-with-a-long-shared-history-258251

    MIL OSI – Global Reports

  • MIL-OSI Global: The UK’s small businesses should be fuelling the country’s growth ambitions. Here’s why that’s not happening

    Source: The Conversation – UK – By Danny Buckley, Workplace Learning Director, Loughborough University

    Today a van, tomorrow the world … with the right support. jgolby/Shutterstock

    The UK government’s spending review has set out its priorities for the next three years. But behind the rhetoric about boosting growth lies growing concern about small businesses being locked out of the wider UK economy. Government funding and regulation are increasingly out of step with the reality of micro-enterprises and sole traders, shutting off their potential to boost GDP growth.

    These businesses already punch above their weight, accounting for 60% of private-sector employment and more than half of total business turnover. Yet while recent budgets have pushed up costs through higher employer national insurance (NI) contributions and minimum wage rises, little meaningful relief has been offered in return.

    As a result, a recent British Chambers of Commerce survey found that 82% of businesses expect the NI hike to damage their business. More than half say it will affect recruitment plans, prices and day-to-day operations.

    Working with small businesses, apprentices and local enterprise leaders, we have seen how government support schemes often fail to reach those who need them most. Our research into informal work and legitimacy shows that many micro-businesses (ten employees or fewer) and sole traders operate in a space where regulatory demands feel misaligned with their economic reality.


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    Across the UK, many micro-businesses already operate on a thin margin. For some, formal compliance with tax, labour and reporting obligations is simply out of reach. This is not due to unwillingness, but rather to a lack of manpower and time. In short, it is not about criminality, but survival.

    And when formality becomes unviable, the government loses out too through reduced tax receipts, lower NI contributions and missed opportunities for growth.

    In our research, we’ve found that formal and informal business owners don’t reject regulation outright. They reject complex systems that demand compliance without offering security. When the risks of being “seen” by the taxman outweigh the benefits, informality becomes a rational, even morally justifiable, choice.

    Informality is a significant global issue. According to the 2025 report by the International Labour Organization, even in high-income countries like the UK around one in ten workers are informally employed. And more than 60% of these people are working within formal enterprises, typically as undeclared workers.

    Informal work is most common in service and construction industries, and despite high education levels, nearly one in four informal workers lives below the poverty line. This compares to just 14% of formal workers.

    Barriers to growth

    In the UK, regulatory structures can make matters worse. The VAT threshold, recently raised to £90,000, may appear generous. But it can act as a cliff edge, discouraging small businesses from growing.

    Evidence from the International Monetary Fund shows that firms often intentionally limit turnover to avoid registration. Compliance costs and administrative burdens create a clear disincentive to scaling up.

    The slowdown is measurable. Small businesses reduce growth by up to 25% as they near the threshold, with no rebound in performance post-registration. This suggests a structural effect rather than temporary caution. Around one in five firms reports actively avoiding VAT registration by turning down work or restructuring operations. It’s a clear sign that the system discourages formal expansion.

    ‘Off-the-books’ workers – even those employed by big firms – are more likely to live in poverty.
    Irene Miller/Shutterstock

    These structural barriers don’t end with taxation. Even when support schemes are well designed and effective on paper, many small firms find themselves excluded by eligibility criteria or overwhelmed by the administrative requirements. For example, the Help to Grow: Management programme has delivered clear value, equipping thousands of SME (small and medium-sized enterprises) with vital skills in strategy, finance and innovation.

    However, it is limited to businesses with five or more employees. This excludes sole traders, some micro-businesses and early-stage entrepreneurs, among others. These smaller firms, often operating informally or semi-formally, are arguably those most in need of accessible, flexible support. By overlooking them, even well-intentioned programmes risk reinforcing the gaps they aim to close.




    Read more:
    How much for cash? Why the informal economy is bad for business, consumers and society


    Apprenticeship policy highlights another example of unintended exclusion. While apprenticeships are promoted as a win-win for employers and learners, the funding rules and regulations are typically geared towards larger organisations.

    For micro-businesses, the system often feels impenetrable. The administrative burden and cash-flow implications of taking someone away from their role to train them frequently outweigh the perceived benefits.

    Adding to these challenges are the recent changes to Level 7 apprenticeship funding rules, in the form of age restrictions. This raises concerns about whether smaller employers will continue investing in leadership and skills development.

    As a result, some of the smallest firms, particularly in personal services, trades, and early-stage startups, miss leadership development opportunities. This is not because they lack interest in training, but because the system was not designed with their scale or reality in mind.

    If the government wants to support small businesses, it must move beyond one-size-fits-all tax tweaks and headline grants. It has signalled a commitment to fiscal efficiency and targeted growth. What’s needed is a new model of support – one that recognises the complexity of informality, business growth and builds trust and opens routes into formal economic participation.

    This means creating tailored support and offering incentives to grow and develop for sole traders, self-employed people, and micro-businesses rather than penalising them. The government must simplify support mechanisms and ensure they are genuinely accessible – particularly for time-poor micro-businesses.

    It should move beyond rigid digital portals and offer relationship-based support through local networks, trusted intermediaries or one-to-one guidance. Crucially, access to skills programmes, including apprenticeships, should be guaranteed for businesses of all sizes, not just those large enough to navigate complex eligibility criteria or absorb upfront costs.

    Without these measures, the UK will only deepen its two-tier economy – where formality becomes a privilege rather than a pathway. Building a fairer, more dynamic business environment starts by including those already doing the work, even if they are not yet on the books.

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

    ref. The UK’s small businesses should be fuelling the country’s growth ambitions. Here’s why that’s not happening – https://theconversation.com/the-uks-small-businesses-should-be-fuelling-the-countrys-growth-ambitions-heres-why-thats-not-happening-258451

    MIL OSI – Global Reports

  • MIL-OSI Global: Brian Wilson’s visionary songwriting held unmatched emotional power. And in person he never disappointed

    Source: The Conversation – UK – By David Scott, Head of Division, School of Business and Creative Industries, University of the West of Scotland

    Brian Wilson, the Beach Boy and visionary composer whose groundbreaking music reshaped the sound of American pop, died on June 11. I had the pleasure of meeting Wilson several times, but first met with the great man through my friend David Leaf, whose writing is key to understanding Wilson’s music and humanity.

    Wilson never disappointed. He was always unpredictable, always quirky and always delightfully Brian. On one occasion some friends and I interviewed him in a Mayfair hotel where – ever the trouper – he was helping promote a not-very-good Beach Boys collaboration with Status Quo.

    We took him a side of Scottish smoked salmon as a gift against the advice of his wife Melinda who smiled sagely as he ripped the packet open and devoured it on the spot while patiently answering questions on Beach Boys minutiae.


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    The legend of Wilson’s songwriting and production genius is often said to rest on two albums. First the Beach Boys’ Pet Sounds (1966) and then its intended follow up SMiLE! which he started in 1966 and eventually finished in 2004.

    Sometimes overlooked, though, is the fact that Pet Sounds was preceded by 11 hit Beach Boys albums, many hit singles on both sides of the Atlantic, and worlds of innovation and influential new studio practices.

    Wilson’s self-taught, monastic, note-by-note transcriptions of performances by The Four Freshmen and the orchestral works of George Gershwin were key to this innovation. As was his willingness to push the boundaries of recorded sound, layering complex and dynamic musical ideas by directing several musicians in hallowed Los Angeles recording studios such as Gold Star, Capitol and Western Recorders.

    Wilson the hitmaker

    Early Wilson productions reveal a contemporary hitmaker who was willing to embrace unusual structures and non-standard rock instrumentation (marimba, harpsichord, harp and bass harmonica) while leaving oceans of space for the Beach Boys’ peerless harmonies. These rich, jazz-influenced vocal arrangements were often double- and triple-tracked (a recording technique that layers the same parts of the song to create a fuller sound).

    But Wilson also had the hitmakers’ instinct for collaboration. A series of lyricists including Gary Usher, Roger Christian, Tony Asher and fellow Beach Boy Mike Love helped further elevate his music, either in terms of its thematic commercial appeal or (as in his work with Van Dyke Parks) as a series of conceptual artworks.

    Brian Wilson in the studio recording Good Vibrations in 1966.

    While albums such as The Beach Boys Today! (1965) pointed a clear path to the introspection of Pet Sounds in songs like In the Back of My Mind and Please Let Me Wonder (both 1965), it is the latter album that remains one of the most famous examples of sustained artistry in 20th-century popular music. It solidified the idea of Wilson not just as a “genius” (a tag originated by publicist Derek Taylor) but more substantially as an expressionistic auteur.

    After announcing the shelving of his experimental album SMiLE! in 1967, Wilson famously withdrew from public life. But I would argue that that well-known retreat was less of a withdrawal than the 20-years-in-bed legend would have it.

    Although increasingly in poor health, he made important contributions to Beach Boys albums throughout the 1970s, most famously his fully-fledged return as songwriter and producer in the cult classic The Beach Boys Love You (1977). He also played a major role in projects like the beautiful American Spring album, which Wilson produced with his collaborator David Sandler for his first wife Marilyn and her sister Diane in 1972.

    My encounters with Wilson

    The late 1980s saw Wilson’s substantial second act eventually begin with a highly regarded eponymous 1988 solo album. Later – freed from the control of abusive psychotherapist Eugene Landy and with the support of second wife Melinda and the amazing musicians that became the Brian Wilson band – he enjoyed one of the great third acts in music history from the 2000s onwards.

    During this period, he recorded acclaimed solo albums (including a revisiting of the works of his greatest hero in the wonderful Brian Wilson Reimagines Gershwin) and toured extensively.

    Around this time, composer Duglas T. Stewart and I interviewed him for the liner notes of our tribute album Caroline Now! (2000) down the phone from his home in Los Angeles, where Wilson grappled comically with multiple phone lines. In response to a question about the influence of Wendy Carlos’s Switched On Bach album (1968) on his 1970s synthesiser arranging he yelped: “You know what, I have this in my CD player RIGHT NOW!”

    The subsequent clatter of him trying to locate the CD with many barking dogs in the background seemed like a magical sound moment. And a very Brian sound moment.

    People tend to define Wilson primarily through his fragility or his long struggle with poor mental health. Those are important factors in any life and put a clear stamp on the music he created. But I would challenge you to think again. Instead, think about this great artist through the lens of his strength, resilience and commitment to the creative act.

    The full performance of SMiLE! at The Royal Festival Hall in February 2004.

    In later years he joked about his name and the connection between “Wilson” and “willpower”, but it’s a joke that reveals something deeper. At the opening of SMiLE! at the Royal Festival Hall February 20 2004, Wilson walked onto the stage to present a work he had abandoned 37 years previously – a work that by some accounts had nearly killed him.

    At the end of the performance of this beautiful and unique album Wilson repeatedly attempted to silence the rapt applause before sighing wearyingly and accepting it. It was not just recognition for the achievement of the music, but the defiance of the artist himself.

    In later touring years, Wilson’s physical fragility was sometimes in evidence, but there were always moments – often in songs like Surfer Girl (1963) or the hymnal Love & Mercy (1988) – where his intent, to make himself and others feel better through the art of songmaking, retained an unmatched emotional power. It was a reminder that the love and mercy you need tonight would always exist in the music of Brian Douglas Wilson.

    David Scott 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. Brian Wilson’s visionary songwriting held unmatched emotional power. And in person he never disappointed – https://theconversation.com/brian-wilsons-visionary-songwriting-held-unmatched-emotional-power-and-in-person-he-never-disappointed-258864

    MIL OSI – Global Reports

  • MIL-OSI Global: The transatlantic race to create the television

    Source: The Conversation – UK – By Donald McLean, Honorary Lecturer in Early Television, University of Glasgow

    Number 1519 Connecticut Avenue lies just north of Dupont Circle, just over a 20-minute walk from the White House in Washington DC. In 1921, the inventor Charles Francis Jenkins set up his laboratory and offices there, upstairs from a car dealership.

    Today there are no obvious external indications of this famous resident, nor of his exceptional achievements, awards and numerous patents. A hundred years ago at his laboratory, on June 13 1925, Jenkins gave a demonstration of a televised film sent by radio waves from a building 10km away at what is now the US Naval Research Laboratory in Bellevue, DC.

    The invited group of mostly government officials included the secretary of the navy, Curtis D. Wilbur. They watched with fascination a film that showed a silhouette of a toy windmill with its blades in motion. The television picture comprised 48 lines, refreshed at the silent-movie rate of 16 per second.

    The Washington newspaper headlines the following day hailed the demonstration as the “first motion pictures transmitted by radio”. Hobbyist magazines reported fervently that “television is here!”, calling Jenkins the “father of television”.


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    Today those announcements seem over-enthusiastic. Television as an operational service still had a long way to go to have the quality and range to make consumer devices feasible. All the same, they were right in anticipating where Jenkins’ demonstration might lead.

    By that July, Jenkins had demonstrated vision and sound transmitted together on a single short-wave radio frequency. The published technical details indicate a high degree of sophistication in his designs, as might be expected from someone with a background in precision phototelegraphy (transmitting images over wires).

    Parallel development

    Jenkins had an impressive track record as an inventor. He and his business partner, Thomas Armat, are generally accepted as the originators of the intermittent drive system for motion picture film projectors in the early 1910s. This made it possible to move films one frame at a time through a projector, enabling smooth playback without any flickering.

    For this landmark work, Jenkins won the prestigious Elliott Cresson Medal from the Franklin Institute and became the founder and first president of the Society of Motion Picture Engineers in 1916.

    In the early 1920s he then developed a practical means of sending images of weather charts by radio to ships at sea. It was this phototelegraphy work that led him into experiments in televising silhouettes of live and filmed scenes. He claimed that he first demonstrated the technology to witnesses in June 1923.

    Nevertheless, the Scottish inventor John Logie Baird beat him to become the first to do a public demonstration, in London over three weeks in March and April 1925. Baird, who had been working on the technology since early 1923, showed live moving images in reflected light transmitted by radio to enthusiastic crowds in Selfridges department store. With only eight lines per picture, he carefully chose simple objects that would be easily identifiable.

    In the US, Jenkins had doubled down on improving the image quality for his demonstration. His persistence with back-lit silhouettes today seems odd considering most TV programmes would come to be televised in reflected light. Baird’s preference for showing recognisable facial features in reflected light gained him widespread recognition for his demonstration of 30-line television in January 1926.

    Jenkins nevertheless launched his silent silhouette video service for hobbyists on the radio station W3XK in July 1928, around the same time as similar offerings from companies that included General Electric (GE) and the Radio Corporation of America (RCA). By the end of that year, there were thought to have been as many as 15 television stations operating in the US.

    Like Baird and Jenkins’ methods, many of these early stations relied on mechanically rotating disks with patterns of holes to scan images line by line. They were all very low on detail, but were still heralded as proof of concept for television. A key factor in their acceptance was the uncanny ability of human vision to recognise facial expressions along with natural body motion in poor quality images.

    Later in 1928, Baird went on to demonstrate colour, early 3D (stereoscopic), and transatlantic television all for the first time, though more as a way of attracting financial backing than presenting prototypes of future offerings. Unlike Jenkins, who earned money from his earlier inventions and patents, Baird relied largely on funding from investors to grow his business, which aimed to develop and commercialise his mechanical television technology.

    What came next

    Mechanical television was short-lived. Around 1931 RCA and EMI (Electric and Musical Industries), soon to become the key players in broadcasting infrastructure in the US and UK, had independently predicted insufficient public interest in this technology. With its inherently limited image quality, they thought it couldn’t support a viable business.

    Swift advances in electronics continued unabated throughout the interwar years. This allowed successful development of alternative, superior television systems using ideas from scientists such as Boris Rosing in Russia and Alan Archibald Campbell-Swinton in the UK.

    RCA and EMI focused their respective resources on developing vastly superior electronic television systems. These scanned and reproduced images using electron beams that are fired inside a glass unit known as a cathode ray tube to capture and show the transmitted moving picture on the screens of people’s TV sets. Those pictures had around 100 times the information content of the earlier mechanical equivalents.

    This made the many early mechanical television services attain one more “first”: becoming obsolete. In just over 15 years from Jenkins’ 1925 demonstration, first the UK and then the US would launch new operational broadcast television services for the public that completely overshadowed the earlier pioneering work.

    Jenkins did not live to see those new systems. His health deteriorated from late 1930 and he died in 1934 aged 66, leaving behind a superb legacy of a full career in inventions.

    John Logie Baird operating his mechanical television system in 1931.
    Wikimedia, CC BY-SA

    Baird continued to work as a TV pioneer in the 1930s and 1940s, dedicated to exploring colour television and cinema projection. He died in 1946 at the age of just 57.

    Jenkins’ and Baird’s original pioneering efforts, and the excitement they generated, are still rightly heralded by many people today. We can now only imagine how it must have felt to see moving images transmitted from miles away for the first time. It’s incredible to reflect that what was once considered magic so quickly became mundane.

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

    ref. The transatlantic race to create the television – https://theconversation.com/the-transatlantic-race-to-create-the-television-258726

    MIL OSI – Global Reports

  • MIL-OSI Global: Mitigating AI security threats: Why the G7 should embrace ‘federated learning’

    Source: The Conversation – Canada – By Abbas Yazdinejad, Postdoctoral Research Fellow, Artificial Intelligence, University of Toronto

    Artificial intelligence (AI) is transforming the world, from diagnosing diseases in hospitals to catching fraud in banking systems. But it’s also raising urgent questions.

    As G7 leaders prepare to meet in Alberta, one issue looms large: how can we build powerful AI systems without sacrificing privacy?

    The G7 summit is a chance to set the tone for how democratic nations manage emerging technologies. While regulations are advancing, they won’t succeed without strong technical solutions.

    In our view, what’s known as federated learning — or FL — is one of the most promising yet overlooked tools, and deserves to be at the centre of the conversation.




    Read more:
    6 ways AI can partner with us in creative inquiry, inspired by media theorist Marshall McLuhan


    As researchers in AI, cybersecurity and public health, we’ve seen the data dilemma firsthand. AI thrives on data, much of it deeply personal — medical histories, financial transactions, critical infrastructure logs. The more centralized the data, the greater the risk of leaks, misuse or cyberattacks.

    The United Kingdom’s National Health Service paused a promising AI initiative over fears about data handling. In Canada, concerns have surfaced about storing personal information — including immigration and health records — in foreign cloud services. Trust in AI systems is fragile. Once it’s broken, innovation grinds to a halt.

    Why is centralized AI a growing liability?

    The dominant approach to training AI is to bring all data into one centralized place. On paper, that’s efficient. In practice, it creates security nightmares.

    Centralized systems are attractive targets for hackers. They’re difficult to regulate, especially when data flows across national or sectoral boundaries. And they concentrate too much power in the hands of a few data-holders or tech giants.

    But instead of bringing data to the algorithm, FL brings the algorithm to the data. Each local institution — whether it’s a hospital, government agency or bank — trains an AI model on its own data. Only model updates — not raw data — are shared with a central system. It’s like students doing homework at home and submitting only their final answers, not their notebooks.

    This approach dramatically lowers the risk of data breaches while preserving the ability to learn from large-scale trends.

    Where is it already working?

    FL could be a game-changer. When paired with techniques like differential privacy, secure multiparty computation or homomorphic encryption, it could dramatically reduce the risk of data leaks.

    In Canada, researchers have already used FL to train cancer detection models across provinces — without ever moving sensitive health records.

    Artificial intelligence has been used to train cancer detectiom models.
    (Shutterstock)

    Projects like those involving the Canadian Primary Care Sentinel Surveillance Network have demonstrated how FL can be used to predict chronic diseases such as diabetes, while keeping all patient data securely within provincial boundaries.

    Banks are using it to detect fraud without sharing customer identities.Cybersecurity agencies are exploring how to co-ordinate across jurisdictions without exposing their logs.




    Read more:
    Health-care AI: The potential and pitfalls of diagnosis by app


    Why the G7 needs to act now

    Governments around the world are racing to regulate AI. Canada’s proposed Artificial Intelligence and Data Act, the European Union’s AI Act, and the Executive Order on Safe, Secure, and Trustworthy AI in the United States are all major steps forward. But without a secure way to collaborate on data-intensive problems — like pandemics, climate change or cyber threats — these efforts may fall short.

    FL allows different jurisdictions to work together on shared challenges without compromising local control or sovereignty. It turns policy into practice by enabling technical collaboration without the usual legal and privacy complications.

    And just as importantly, adopting FL sends a political signal: that democracies can lead not just in innovation, but in ethics and governance.

    Hosting the G7 summit in Alberta isn’t just symbolic. The province is home to a thriving AI ecosystem, institutions like the Alberta Machine Intelligence Institute and industries — from agriculture to energy — that generate vast amounts of valuable data.

    Picture a cross-sector task force: farmers using local data to monitor soil health, energy companies analyzing emissions patterns, public agencies modelling wildfire risks — all working together, all protecting their data. That’s not a futuristic fantasy — it’s a pilot program waiting to happen.

    A foundation for trust?

    AI is only as trustworthy as the systems behind it. And too many of today’s systems are based on outdated ideas about centralization and control.

    FL offers a new foundation — one where privacy, transparency and innovation can move together. We don’t need to wait for a crisis to act. The tools already exist. What’s missing is the political will to elevate them from promising prototypes to standard practice.

    If the G7 is serious about building a safer, fairer AI future, it should make FL a central piece of its plan — not a footnote.

    Abbas Yazdinejad 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.

    Jude Kong 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. Mitigating AI security threats: Why the G7 should embrace ‘federated learning’ – https://theconversation.com/mitigating-ai-security-threats-why-the-g7-should-embrace-federated-learning-258670

    MIL OSI – Global Reports

  • MIL-OSI Africa: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)-Supported Nakkaş-Başakşehir Motorway Wins TXF Social Infrastructure Deal of the Year 2024

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Nakkaş-Başakşehir Motorway Project in Türkiye has been named TXF’s Social Infrastructure Deal of the Year 2024, awarded during the TXF Global Awards Ceremony held on 11 June 2025.

    This landmark project involves EUR 1.044 billion in non-recourse financing for the development of a 35-kilometer greenfield motorway in Istanbul Province—the final section of the Northern Marmara Motorway, a 450-kilometer corridor connecting Türkiye’s Asian and European regions. The public-private partnership is expected to significantly reduce traffic congestion, improve trade logistics, and cut commute times by up to 40 minutes.

    The project aligns with multiple UN Sustainable Development Goals (SDGs), notably SDG 8 (Decent Work), SDG 9 (Infrastructure), SDG 11 (Sustainable Cities), and SDG 17 (Partnerships), by creating jobs, modernizing transport infrastructure, and fostering international cooperation.

    ICIEC played a pivotal role in the financial close by offering a comprehensive risk mitigation solution, including a EUR 74 million Non-Honoring of Sovereign Financial Obligations (NHSFO) policy to Standard Chartered and Deutsche Bank, and Equity Investment Insurance to Korean investors.

    “This award reflects the strength of our partnership with the Government of Türkiye, our member institutions, and the private sector,” said Dr. Khalid Khalafalla, CEO of ICIEC. “We are particularly proud to have supported this project alongside other Export Credit Agencies and Multilateral Development Banks—most notably our parent institution, the Islamic Development Bank, and our sister entity, the Islamic Corporation for the Development of the Private Sector. Together, we leveraged synergies to mobilize Islamic finance and de-risk strategic infrastructure. Congratulations to all parties involved in delivering a project with lasting developmental impact.”

    This transaction exemplifies ICIEC’s mission to provide innovative risk mitigation solutions that enable impactful trade and infrastructure investment across its 50 member states.

    Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

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    Email: ICIEC-Communication@isdb.org

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    About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
    ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, ICIEC has been assigned a First-Time “AA-“ long-term Issuer Credit Rating by S&P with Stable Outlook.  ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

    For more information: visit: http://ICIEC.IsDB.org

    MIL OSI Africa

  • MIL-OSI USA: Duckworth Presses FAA Administrator Nominee to Uphold 1,500-Hour Pilot Training Standards, Trump’s Nominee Refuses

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    June 11, 2025

    Senator also pushes nominee Bryan Bedford to strengthen, not weaken, FAA’s oversight of Boeing

    [WASHINGTON, D.C.] – Today, U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Committee on Commerce, Science and Transportation (CST) and Ranking Member of the CST Aviation Subcommittee—pressed Federal Aviation Administrator nominee Bryan Bedford to commit to upholding the strong 1,500-hour certification standard for our nation’s pilots and strengthening the FAA’s oversight of Boeing at his confirmation hearing. In light of Mr. Bedford’s previous comments against the 1,500-hour rule, Duckworth raised concerns that Mr. Bedford would unilaterally attempt to weaken this standard and produce less-prepared pilots in the immediate aftermath of our nation experiencing the first major deadly commercial crash in more than a decade, amid a surge in near-misses with an air traffic controller shortage and aging controller equipment. When Duckworth asked Mr. Bedford for his commitment to not reduce the 1,500-hour rule if confirmed, Mr. Bedford refused to commit. Duckworth’s remarks can be found on the Senator’s YouTube.

    “Now is not the time for less flight training for our pilots,” said Duckworth. “Not only is it deeply disappointing that Mr. Bedford refused to commit to upholding the 1,500-hour rule, it’s also dangerous. Incident after incident, it has been pilots who have made last second decisions to avert disaster. Well-trained pilots are our last line of defense. Without a firmer commitment, I remain deeply skeptical about his nomination.”

    Additionally, Duckworth warned against any future attempt by the FAA to delegate airworthiness inspection authority back to Boeing—an authority that would allow the company to self-inspect its own aircraft for commercial use. Duckworth’s warning comes after the Department of Transportation (DOT) Inspector General’s issued an October report that found FAA’s oversight of Boeing production was not only “not effective,” but so ineffective that it issued 16 separate recommendations for the FAA to fix its oversight process. To help ensure Boeing’s aircraft designs meet certification safety standards, Duckworth urged Mr. Bedford to refrain from delegating this inspection authority back to Boeing until the FAA completes all 16 recommendations. Mr. Bedford refused to commit.

    “I’ve long been troubled by FAA’s ineffective oversight of Boeing,” said Duckworth. “I believe strongly that FAA must not delegate inspection authority back to Boeing until—at a minimum—FAA fixes its ineffective oversight of Boeing’s production. After Boeing’s CEO refused to rule out accepting this authority when I questioned him back in April, it’s deeply disappointing that Mr. Bedford also wouldn’t rule out offering this authority back to Boeing today. That’s two red flags about the future of FAA and Boeing’s relationship that our nation should not ignore.”

    One of the most shocking findings in the DOT Inspector General’s October report was that that shortly before the Boeing door plug blowout, individuals within FAA wanted to delegate airplane airworthiness inspection authority back to Boeing without any criteria by which to assess whether Boeing could be trusted to properly carry out these inspections. This is particularly concerning because, prior to the 737 MAX crashes and production problems with the 787, the FAA allowed Boeing to self-inspect their aircraft to ensure they conformed with their FAA-approved type design. However, in the wake of the MAX crashes, it was found that Boeing had a pattern of abusing this authority and producing 737 MAX aircraft with nonfunctioning Angle of Attack Disagree alerts.

    Duckworth has long pushed for improved federal oversight of Boeing. Last year, she urged then-FAA Administrator Mike Whitaker to make sure the FAA requires transparency and accountability as it oversees Boeing’s Safety and Quality Plan. Duckworth also implored FAA to scrutinize Boeing’s bad behavior and use its civil enforcement authority more often, when appropriate, and also called on the agency to review Boeing’s disturbing pattern of failing to disclose critical safety information about 737 MAX planes to pilots.

    Last year, Duckworth also called on FAA to reject a petition by Boeing for a safety exemption to allow the 737 MAX 7 to be certified to fly despite having another known safety defect that has not yet been fixed. The Senator subsequently met with then-Boeing CEO David Calhoun and urged him to withdraw the company’s petition, which the company did just days later, crediting Duckworth’s reasoning for the decision.

    For years before the deadly DCA crash, Duckworth was sounding the alarm that we must make these critical aviation safety investments immediately to prevent all-too-often near-misses from becoming catastrophic tragedies. Last Congress, Duckworth chaired two CST Aviation Subcommittee hearings—one last December and the other a year prior—to address our aviation industry’s chilling surge in near-deadly close calls and underscore the urgent need to improve air traffic control systems to protect the flying public.

    Duckworth helped author the landmark bipartisan FAA Reauthorization Act of 2024 that was signed into law last year and included several of her provisions to safeguard the 1,500-hour rule, improve safety, expand the aviation workforce and enhance protections for travelers with disabilities. Duckworth has noted that while it was a tremendous victory for the flying public, more needs to be done to address the recent issues that have come to light with Boeing since a door plug blew out of an Alaska Airlines flight mid-flight.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Amid Trump’s Threats to Critical Agriculture Support Programs, Duckworth Discusses Agricultural Priorities with Illinois Farm Bureau

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    June 11, 2025

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL)—founding co-chair of the Senate Sustainable Aviation Fuel (SAF) Caucus—met with Illinois Farm Bureau (IFB) President Brian Duncan and IFB members to discuss shared priorities to grow Illinois’s agriculture industry and support our farmers. Duckworth and the members discussed the importance of supporting our family farmers by expanding the biofuels market, increasing agricultural exports and improving farm safety net programs as Donald Trump continues to threaten critical federal agricultural programs. Photos from today’s meeting can be found on the Senator’s website.

    “America has always depended on our nation’s farmers to grow the food and fuel we need, and I’m proud to advocate for them on both the national and international stage,” Duckworth said. “The work of Illinois’s farmers is so important to the strength of our state and our nation, and I will continue to do everything I can to support the Illinois Farm Bureau and farmers across the state at the federal level.”

    In the Senate, Duckworth has been a leader in supporting biofuels, including expansion of sustainable aviation fuel (SAF) and permanent authority to use E15 fuel year-round. To help increase the availability of E15 biofuels, Duckworth helped introduce the bipartisan Consumer and Fuel Retailer Choice Act and the bipartisan Next Generations Fuel Act to allow the year-round, nationwide sale of ethanol blends higher than 10 percent. Duckworth additionally helped introduce the bipartisan Home Front Energy Independence Act to ban Russian oil and expand use and production of biofuel that’s grown in the American heartland, while providing American families with a less expensive option to fuel their vehicles. Earlier this year she helped introduced the Farm to Fly Act to help accelerate the production and development of SAF.

    As a member of the U.S. Senate Foreign Relations Committee, Duckworth has been an advocate for Illinois agriculture across the globe and helped secure significant wins for Illinois and American agriculture. After Duckworth’s visit in 2023, Japan announced a regulatory change that will lead to an increase in imports from U.S. biofuel producers, supporting our farmers and growing Illinois’s economy, and following a prior trip to Taiwan in 2022, she helped secure a commitment from Taiwan to purchase an estimated $2.6 billion of our Illinois’s corn and soybeans.

    -30-



    MIL OSI USA News

  • MIL-OSI Canada: Backgrounder: Competition Bureau monitors Loblaw’s commitment to end property controls

    Source: Government of Canada News

    Backgrounder

    June 12, 2025 – GATINEAU (Québec), Competition Bureau

    The Competition Bureau is monitoring Loblaw’s recent commitment towards eliminating property controls in Canada.

    Loblaw’s commitment

    Loblaw’s public commitment to end its use of property controls marks a key milestone f or competition in the Canadian grocery industry.

    For restrictive covenants, Loblaw has committed to:

    • eliminating existing restrictive covenants. Loblaw plans to either remove the restrictive covenant from land titles or inform landowners that it will not enforce the restrictive covenant; and
    • not entering into new restrictive covenants.

    For exclusivity clauses, Loblaw has committed to:

    • waiving all exclusivity clauses in the Halifax Regional Municipality and in communities across the country where they operate the only grocery store;
    • granting waivers for, and not entering into, exclusivity clauses that prohibit other tenants from operating a retail store that sells only a subset of the products typically sold by a grocery store. For example, a butcher, bakery, or store that sells produce;
    • not enforcing, or entering into, exclusivity clauses that extend beyond the land where the Loblaw store is or will be located;
    • not including restrictions on the sale of food products in new leases for Shoppers Drug Mart (Pharmaprix in Quebec), effective November 2024.

    Property controls are restrictions that limit how a property can be used by others.

    Restrictive covenants are restrictions on land that prevent a purchaser or owner of a commercial property from using the location to operate or lease to operators of certain types of business that compete with a previous owner.

    Exclusivity clauses are generally found in commercial leases. They prevent landlords from leasing space to another tenant that competes with an existing tenant or limit what or how products can be sold

    Information for businesses

    Property controls can raise serious competition concerns. The Competition Bureau encourages Canadian businesses to review their property control practices to ensure that they comply with the law.

    Businesses who use or who are considering using property controls should ask themselves:

    • Is the property control necessary to allow a new business to enter the market or to encourage a new investment? Are there other ways to allow for this entry or investment that do not make it more difficult for rivals to compete?
    • Could this property control last for a shorter period of time?
    • Could this property control cover less geographic area?
    • Could this property control cover fewer products or services?

    More information on the Bureau’s enforcement approach to competitor property controls is available in the guidance.

    The Bureau’s work on property controls

    • In June 2023, the Bureau published its grocery market study, where it recommended that all levels of Canadian government act to increase competition in the grocery industry. The study also concluded that property controls can limit competition from new grocers and can deny consumers the benefits of competition including lower prices, greater choice and increased innovation.
    • In June 2024, the Bureau announced that it obtained two court orders to advance its investigations into the use of property controls by Sobeys’ and Loblaw’s parent companies.
    • In October 2024, the Bureau invited market participants to provide input about the use of property controls in the Canadians grocery industry.
    • In January 2025, the Bureau announced that Sobeys’ parent company, Empire, agreed to remove a property control that restricted retail grocery store competition in Crowsnest Pass, Alberta.
    • Earlier this month, following a public consultation, the Bureau published updated guidance on competitor property controls.

    Next steps

    The Competition Bureau’s investigation into property controls in the Canadian grocery industry is ongoing, and the Bureau continues to monitor the industry closely. This includes monitoring to ensure Loblaw upholds its commitments. The Bureau urges Canadians to report any property controls that may be anti-competitive using the online complaint form.

    MIL OSI Canada News

  • MIL-OSI Canada: Canada Announces Major Investments to Improve Resilience Against Wildfires

    Source: Government of Canada News

    News release

    June 12, 2025                                                      Ottawa, Ontario                                                        Natural Resources Canada

    Wildfire season is in full effect across much of Canada, with many Canadians currently facing severe wildfire conditions. The Government of Canada, along with the provinces, territories and the Canadian Interagency Forest Fire Centre (CIFFC), is seized with the importance of supporting Canadians whose lives and livelihoods are at stake.

    Today, the Governments of Canada, British Columbia, Alberta, Newfoundland and Labrador, Yukon, Nova Scotia, Prince Edward Island and Manitoba, together with the CIFFC, announced a total investment of $104 million through the Government of Canada’s Resilient Communities through FireSmart (RCF) Program.

    FireSmart™ Canada is a key part of our national wildfire prevention and mitigation efforts. Led by CIFFC, the program identifies and reduces wildfire risks and provides actionable guidance for homeowners and communities. The funding announced today will help enhance FireSmart™ programming and support the provinces and territories in increasing capacity and assisting community-based projects to help prevent wildfires and mitigate their impacts, including Indigenous communities that are disproportionately threatened by wildfires.

    These investments are strengthening the federal government’s actions and efforts to enhance and expand wildfire prevention and mitigation across all levels of government. By working together with provinces, territories, Indigenous communities and international allies, the Government of Canada continues to support the fight against wildfires in communities across the country.

    Quotes

    “No Canadian should have to worry about a wildfire threatening their community — but as extreme weather increases, the Government of Canada is providing provinces, territories, Indigenous communities and partners with the support they need to fight wildfires. I would like to thank all Canadians, especially first responders, for working to protect one another. The federal government stands with you and is working to build resilience for this wildfire season, and the future.”

    The Honourable Tim Hodgson
    Minister of Energy and Natural Resources

    “Across Canada and around the world, climate change is forcing us to change how we think about wildfires — I see this in every community I visit in British Columbia. Preventing wildfires is a shared responsibility, and the only way forward is by working together. From supporting grassroots community projects and education, to expanding government’s role in building a safer, more-resilient future, our shared investment with the Government of Canada is testament to a whole-of-society approach for living with wildfire.”

    The Honourable Ravi Parmar
    British Columbia Minister of Forests

    “Building wildfire resilience involves an approach focused on prevention, mitigation and being ready to respond to wildfires threatening our homes and communities. This investment will help communities apply FireSmart principles that will enhance collaboration, build greater awareness and help reduce wildfire risk.”

    The Honourable Todd Loewen
    Alberta Minister of Forestry and Parks

    “Preparing for the threat of wildfire is a shared responsibility — we all have a part to play. FireSmart’s practical, effective and science-based programs help residents reduce the risk of wildfires in our communities and ensure residents are better prepared when wildfires occur. Through the FireSmart program, we will continue our ongoing work with Newfoundland and Labrador communities to help keep our residents safe.”

    The Honourable Lisa Dempster
    Newfoundland and Labrador Minister of Fisheries, Forestry and Agriculture

    “Canadians — especially those of us in the North — are focused on preparing for wildfires. This investment, from both our government and the Government of Canada, will support important wildfire prevention efforts in the Yukon. This includes developing Community Wildfire Protection Plans and a territorial prevention and mitigation strategy; constructing large-scale fuel breaks and improving our training; and modelling and risk assessment. Together, we are building wildfire-resilient communities across the Yukon.”

    The Honourable Richard Mostyn
    Yukon Minister of Community Services 

    “Wildfire is everyone’s responsibility, and we thank Nova Scotians for their vigilance that’s helping keep our people and our communities safe. Through our partnership with the federal government, we’re continuing to help people adopt the FireSmart principles around their homes and in their communities so we can avoid the devastation and upheaval that wildfires can cause.”

    The Honourable Tory Rushton
    Nova Scotia Minister of Natural Resources

    “Prince Edward Island is in a good position to respond to fire thanks to local, provincial and federal support that we are using to continually build our wildland fire fighting capacity. It is great to see more Islanders and local communities embracing FireSmart principles, and we are committed to increasing our prevention, mitigation and response efforts.”

    The Honourable Gilles Arsenault
    Prince Edward Island Minister of Environment, Energy and Climate Action

    “As Manitobans bravely pull together to battle one of the most challenging fire seasons in recent memory, wildfire preparedness is more crucial than ever. We thank and honour the incredible work of our wildfire service, local firefighters, Indigenous and municipal leadership and members of the public who are working together to ensure that the thousands of displaced residents remain safe and healthy. The entire government of Manitoba strongly supports any and all initiatives that recognize the need for investing in firefighting preparedness, and we congratulate the federal government on its continuing efforts to address the needs of firefighters and evacuees.”

    The Honourable Ian Bushie
    Manitoba Minister of Natural Resources and Indigenous Futures

    “Through this funding, Canadians will be in a better position to protect themselves from the dangers of wildland fire. By working together, using the core FireSmart principles, we can become more resilient and more prepared to face the challenges ahead.”

    Kelsey Winter
    Executive Director of the Canadian Interagency Forest Fire Centre

    Quick facts

    • The Government of Canada is providing $9.1 million over five years to the CIFFC under the RCF program. This is in addition to the $1.2-million investment provided to the CIFFC that started in 2023–24 and was announced on May 9, 2024.

    • Canada and British Columbia are each providing an additional $17.9 million over five years through the RCF program. This is in addition to the $950,122 joint investment between Canada and British Columbia that started in 2023–24 and was announced on September 18, 2024. 

    • Canada and Alberta are each providing $17.9 million over four years through the RCF Program.

    • Canada and Newfoundland and Labrador are each providing $6.4 million over four years through the RCF program.

    • The Government of Canada is providing $5.5 million and the Government of Yukon $1.8 million over four years through the RCF program.

    • Canada and Nova Scotia are each providing an additional $821,130 over five years through the RCF program. This is in addition to the $3.9-million joint investment between Canada and Nova Scotia that started in 2023–24 and was announced on October 1, 2024.

    • Canada and Prince Edward Island are each providing $510,300 over four years through the RCF program.

    • Canada and Manitoba are each providing a contribution of $150,000 through the RCF program. Discussions are ongoing to conclude a multi-year agreement.

    • Visit Canada.ca/wildfires for a complete list of links to various federal supports for individuals impacted by wildfires.

    Related products

    Associated links

    Contacts

    Natural Resources Canada
    Media Relations
    343-292-6096
    media@nrcan-rncan.gc.ca

    Carolyn Svonkin
    Office of the Minister of Energy and Natural Resources
    carolyn.svonkin@nrcan-rncan.gc.ca

    Ministry of Forests
    Government of British Columbia
    Media Relations
    250 380-8491
    Forest.Media@gov.bc.ca

    Neil Singh
    Press Secretary, Forestry and Parks
    Government of Alberta
    (587) 385-9649
    Neil.Singh@gov.ab.ca

    Linda Skinner
    Fisheries, Forestry and Agriculture
    Government of Newfoundland and Labrador
    709-637-2284
    lindaskinner@gov.nl.ca

    Julia Duchesne
    Communications, Community Services
    Government of Yukon
    867-332-4188
    julia.duchesne@yukon.ca

    Adèle Poirier
    Communications Director
    Department of Natural Resources
    902-430-0997
    Adele.Poirier@novascotia.ca

    Katie Cudmore
    Communications Officer, Environment, Energy and Climate Action
    Government of Prince Edward Island
    902-314-3996
    Katiecudmore@gov.pe.ca

    Natural Resources and Indigenous Futures
    Government of Manitoba
    newsroom@gov.mb.ca (media requests for general information)
    cabcom@manitoba.ca (media requests for ministerial comment)

    Alexandria Jones
    Acting Communications Manager
    Canadian Interagency Forest Fire Centre
    www.ciffc.ca
    media@ciffc.ca

    Follow Natural Resources Canada on LinkedIn.

    MIL OSI Canada News

  • MIL-OSI USA: Boyle Grills Secretary Bessent Over Cost of Trump’s Budget Bill in Ways & Means Hearing

    Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

    WASHINGTON, DC — In today’s Ways and Means Committee hearing, Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, questioned Treasury Secretary Scott Bessent about the staggering cost of the Republican budget bill.

    Boyle warned that Trump’s plans would add $3 trillion to the deficit while kicking 16 million people off their health care and slammed the administration’s trade policies that led the World Bank to slash growth projections.

    A full transcript and video are below: 

     

     (Click for video of remarks as delivered.)

    Congressman Boyle’s full remarks and questions as delivered:

    Congressman Boyle: “I’m sorry, but I just can’t stand it anymore. This massive, outrageous pork-filled spending bill is a disgusting abomination. Shame on those who voted for it. You know you did wrong. You know it.” Those were the words of your former White House colleague and good friend Elon Musk.

    Another: “This spending bill contains the largest increase in debt ceiling in US history. It is the debt slavery bill. A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by $5 trillion.”

    Why do you believe Mr. Musk is right or wrong?

    Secretary Bessent: You’d have to ask Mr. Musk.

    Congressman Boyle: Well, take the substance of what he said. Does it not add trillions of dollars, your bill to the deficit and debt?

    Secretary Bessent: It is not my belief that it does. It may be his, he could speak for himself.

    Congressman Boyle: But of course, it’s not just Mr. Musk, it is the Congressional Budget Office. It is conservative leaning groups like Tax Foundation, Cato, left-leaning groups, and nonpartisan groups like CBO and JCT. So this bill has actually united the left, the right, and the center all saying it massively increases deficit and debt, but they’re all wrong and you’re right?

    Secretary Bessent: Congressman, I think that there are a, are a range of outcomes that I think that many do not include the pro growth measures, just as they were wrong with the original TCJA, and that has proven to be a resounding success. Just as, I don’t know if you were here to vote for the IRA, the CBO scoring on that, it has been three to four times more expensive.

    Congressman Boyle: So, it’s curious to me because you spent decades as an executive at George Soros’ hedge fund being very successful, making billions of dollars. Back then you would always rail against deficit and debt. What happened?

    Secretary Bessent: I, again, that it is smart spending, that what are we spending for?

    Congressman Boyle: Tax cuts that mostly go to billionaires such as yourself while throwing 16 million people off their healthcare coverage.

    Secretary Bessent: Well, I, I would dispute that 16 million. I think you’re conflating a lot of numbers.

    Congressman Boyle: No, it’s the — excuse me, reclaiming my time — those aren’t my numbers. Just to be clear, as you know, it’s the Congressional Budget Office projection.

    Secretary Bessent: I think you’re adding up a, a lot of numbers that shouldn’t be added.

    Congressman Boyle: Excuse me. I am adding two specific numbers. The cuts CBO found coming to Medicaid — no, we’re entitled to our own opinions, but not our own facts and not our own numbers. The CBO shows that 10.9 million will lose their health care coverage from the Medicaid cuts and another 5.1 million will lose their healthcare coverage due to the ACA cuts. 10.9 plus 5.1 is 16 million.

    Secretary Bessent: So, so you are adding numbers.

    Congressman Boyle: Yes. Correctly.

    Secretary Bessent: Do, do you support Medicaid for illegal aliens? 1.4 million.

    Congressman Boyle: I’m asking the questions, not you, although you’ll be happy to know that my home state commonwealth of Pennsylvania, actually they check your citizenship status before you can enroll in Medicaid.

    Congressman Boyle: But I understand why you’re wanting to divert and change the subject. Let me move, since we’ve taken up already most of my time, the World Bank yesterday had a shocking growth projection. They slashed their growth projection for the United States by upwards of 40%. I’m just curious, do you agree or do you think they’re wrong as well, because they specifically cited the trade uncertainty caused by your administration, the administration that you serve as Secretary of the Treasury, as being the primary reason why they’ve had to slash their growth projection to the lowest since 2008.

    Secretary Bessent: Congressman, you kindly cited the success that I may or may not have had in my previous career, but I could tell you I would not have had it if I followed World Bank projections.

    Congressman Boyle: So, it is interesting that you believe all of these groups are wrong. From your former colleague, Elon Musk, to left leaning groups, to right leaning groups, to center groups, to the World Bank, everything is going hunky dory. The reality is, I can see why you would have that opinion. You as a billionaire will reap the rewards of this tax cut while 16 million Americans will lose their health coverage. That is the sad reality of the situation.

    Secretary Bessent: We could look at the, who would be most harmed if these tax cuts expire?

    Congressman Boyle: Well, you’ll be happy to know that on this Democratic side of the dais, through an 18 hour markup, every single Democratic member voted to extend the tax cuts for everyone making under a billion dollars.

    Congressman Boyle: I see my time has expired. I yield back.

    ###

    MIL OSI USA News

  • MIL-OSI: BNP Paribas SA : 2025 MREL requirements notification

    Source: GlobeNewswire (MIL-OSI)

    2025 MREL REQUIREMENTS NOTIFICATION

    PRESS RELEASE

    Paris, 12 June 2025

    The BNP Paribas Group has received the notification by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), implementing the decision of the Single Resolution Board, of the updated Minimum Requirement for Own Funds and Eligible Liabilities (MREL) requirements applicable from this date.

    The total MREL requirement applicable now amounts to 22.19% to which the CBR1 must be added, of the Group’s RWA and 5.91% of the Group’s leverage exposures.

    As regards the subordination constraint, the requirement applicable for the BNP Paribas Group is respectively 14.78% to which the CBR1 must be added, of Group’s RWA and 5.75% of the Group’s leverage exposures.

    As at 31 March 2025, the BNP Paribas Group is well above the updated MREL requirements with a total MREL ratio of 29.8% based on Group’s RWA and a Group subordinated MREL ratio of 27.1% on the same basis. These ratios were respectively 9.0% and 8.2% of Group’s leverage exposures as at 31 March 2025.

    About BNP Paribas

    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press contact

    Sandrine Romano – sandrine.romano@bnpparibas.com +33 6 71 18 23 05
    Hacina Habchi – hacina.habchi@bnpparibas.com +33 7 61 97 65 20


    1 Combined Buffer Requirement of 4.78% as at 31 March 2025

    Attachment

    The MIL Network

  • MIL-OSI Africa: Third Strategic Dialogue between the State of Qatar and the French Republic

    Source: Government of Qatar

    Paris,  June 12, 2025

    The Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, and the Minister for Europe and Foreign Affairs of the French Republic, Mr Jean-Noël Barrot, co-chaired the third annual Qatar-France Strategic Dialogue in Paris on June 12 2025. 

    Qatar and France welcomed the holding of their third Annual Strategic Dialogue and reviewed the important progress made since the State Visit of His Highness the Amir Tamim bin Hamad Al Thani to France in February 2024 which resulted in new cooperation initiatives within the fields of security, defence, economy, trade, investment and education. Both countries affirmed the strength of their bilateral relationship and pledged to further develop it by expanding strategic partnership on key files.

    POLITICAL AND DIPLOMATIC COOPERATION

    Both Ministers reaffirmed the commitment of Qatar and France to upholding a rules-based international order and international law, the promotion of peace, stability and prosperity in the Middle East, and to close cooperation in relation to regional and global crises.

    Palestine-Israel: Both Ministers called for a ceasefire, the release of all remaining hostages and a long-term political solution that will offer the best hope for the victims of this conflict on all sides and achieving a pathway to a two-state solution. The Minister for Europe and Foreign Affairs expressed France’s deep appreciation for all Qatar’s mediation efforts, including those to secure an immediate ceasefire in Gaza.

    Both Ministers called for full, unhindered humanitarian access allowing aid for the Palestinian population to enter Gaza. The Ministers further stated that politicising of humanitarian assistance, threats of forced displacement, or Israel’s plans to remain in Gaza after the war are unacceptable. The two Ministers stated that the Israeli government’s restrictions of essential humanitarian assistance to the Palestinian population of Gaza are totally deplorable and breach International Humanitarian Law.  They further highlighted that Israel is duty-bound to meet all its obligations to ensure immediately a massive and unhindered flow of aid to Gaza – this includes engaging with the UN to ensure aid delivery is in line with humanitarian principles. 

    Both ministers reiterated their opposition to any forced displacement of Gaza’s Palestinian population, which would be a serious violation of international law and a major destabilizing factor for the entire region.

    Qatar welcomes the endorsement by France of the Gaza Reconstruction plan formulated by the League of Arab States in March as a serious, credible basis for immediately meeting reconstruction, governance and security needs in the aftermath of the war in Gaza. It guarantees the respect of international law and maintains Gaza’s future within the framework of a future Palestinian State.

    HE Prime Minister Al Thani welcomed the French-Saudi jointly chaired international meeting on June 18 for the implementation of a two-state solution. Both Ministers declared such efforts as the only way to bring durable peace and security to Israelis and Palestinians while ensuring the stability of the wider region.   

    They stressed that the High-Level International Conference on the peaceful resolution of the question of Palestine and the implementation of the two-State solution, decided by UNGA resolution A/RES/79/81, would contribute to this goal by designing a credible roadmap for the implementation of this solution in which the two countries would be able to live side-by-side in peace within their internationally recognized borders. Both ministers stressed that the future Palestinian state would have sole responsibility for rule of law, including policing primacy. 

    Syria: Both Ministers acknowledged the historic transition process underway in Syria. They emphasised the importance of an inclusive political dispensation that protects the rights of all irrespective of ethnicity, sect, religion or gender. They reiterated their support for the reconstruction of a new Syria – free, stable, sovereign, that respects all components of society. They agreed that stability and security in Syria is paramount for all its citizens as well as the surrounding region. To that end both Ministers committed to work together wherever possible to provide humanitarian assistance, as well as support economic development, and long-term reconstruction. They welcomed the lifting of international sanctions on Syria’s economy and encouraged foreign investments in the country. Qatar welcomed French support for the recent EU decision to lift economic sanctions on Syria and the recent meeting between President Macron and Syria’s interim President Ahmad al-Sharaa. Such support and initiatives enable Syria and the Syrian people to undertake a transition to stability, peace and prosperity. The Ministers condemned violations of Syria’s territorial integrity and warned of escalation tactics designed to de-stabilize the region.  

    Lebanon: Qatar welcomed the hosting by France of the International Conference in Support of Lebanon’s People and Sovereignty in October 2024. Progress to political and economic reform in Lebanon is welcomed by both countries. 

    Qatar and France support the territorial integrity and sovereign rights of the Lebanese people, both Ministers called on all parties to honour the commitments made under the ceasefire reached in November 2024. To this end they called for a full withdrawal of Israeli forces from Lebanon, the complete deployment of the Lebanese Armed Forces and their ongoing support to ensure security and achieve State monopoly on arms, assisted by UNIFIL and the supervision mechanism of the November 2024 ceasefire agreement, of which France alongside the U.S. participates in. 

    They emphasized their support to the process of change that has begun under the new Lebanese government, aimed at putting Lebanon back on the path of reconstruction, recovery and stability. They expressed their continuing support to the Lebanese Armed Forces and to the UN interim force in Lebanon (UNIFIL) whose action is essential to guarantee the stability of South Lebanon.

    Iran: Both Ministers reaffirmed Qatar and France’s support for a diplomatic solution leading to an agreement that addresses and resolves all international concerns related to Iran’s nuclear activities in exchange for sanctions relief, in order to preserve the non-proliferation global architecture as well as stability and de-escalation in the Gulf region. They reiterated their support to the ongoing talks between the Islamic Republic of Iran and the United States of America.  They also called on Iran to fully and effectively cooperate with the legitimate requests and work of the International Atomic Energy Agency.   

    Rwanda and eastern DRC: Both ministers emphasised their shared commitment to peace, stability and security in the Great Lakes region. France commended Qatar’s mediation efforts between Rwanda and the Democratic Republic of the Congo and between Congolese authorities and AFC/M23. They stressed the need for parties to continue working towards the conclusion of a ceasefire, as called upon by United Nations Security Council Resolution 2773 (2025). Following its participation, along with the U.S., DRC, Rwanda and Togo, to the Doha meeting on April 30, France recalled its continued support to Qatar’s peace efforts.

    Sudan: Both Ministers resolved to further work together to address the devastating conflict in Sudan. Qatar and France recalled the United Nations Security Council Resolution 2736 (2024) demanding that the Rapid Support Forces halt the siege of El Fasher and calling for an immediate de-escalation. They reaffirmed their support to the unity of the country and called on the warring parties to immediately cease hostilities, abide by their obligations under international humanitarian law, protect civilians, and guarantee full, safe and unhindered humanitarian access. 

    UNOC: Both ministers welcomed the organization of the United Nations Ocean Conference in Nice, France, from 9 to 13 June 2025, inter alia to support a blue carbon economy and the fight against illicit fishing. They praised the treaty on marine biodiversity beyond areas of national jurisdiction on the high seas (BBNJ) as a milestone in the collective protection of the high seas.

    ECONOMY, TRADE AND INVESTMENTS

    Qatar and France emphasized the importance of their growing economic, trade and investment partnership, with a total trade of more than €1.3 billion in 2024. The Ministers highlighted that bilateral trade makes a significant contribution to supporting jobs, innovation, and economic development in both countries.

    The two Ministers reviewed progress on Qatar’s 2024 landmark engagement to invest 10 billion euros into key sectors of the French economy. Qatar’s investment will cover mutually beneficial sectors ranging from food security, digital economy, AI and IT, semiconductors, energy transition, space, Intellectual Property, health, tourism and hospitality and culture. They also welcomed the forthcoming Qatar-France Business Forum as an opportunity for mutual trade growth and investment. They discussed ways to further strengthen their investment partnership and underlined their willingness to facilitate cooperation between the Qatari and French private sectors. They also explored areas of common interest, such as fiscal policy, sustainable finance and public-private partnerships (PPPs).

    Qatar’s innovative investment in France’s semiconductor industry highlights its role in key technology subsectors, including supply chain developments that are also propelling digital and green transformations across vital industries such as AI, mobility, and consumer technology. 

    Both sides discussed ways to further develop their trade and investment partnership, through a Roadmap focused on strategic areas in alignment with the framework of the economic diversification goals stated by Qatar’s National Vision 2030 and in accordance with the economic plan “France 2030.” 

    The French Minister praised Qatar’s ongoing commitment to ensure continued and reliable supplies of energy to Europe, including France and thus contributing to the country’s energy security. 

    DEFENSE, SECURITY AND COUNTERTERRORISM 

    Qatar and France reaffirmed the importance of the defence and security as a foundation stone of their partnership.  This was illustrated by the increase in official-level visits in the last 12 months, and the deepening coordination on an operational level.  

    The Ministers welcomed the implementation of joint defence operational partnership including joint planning, training and military exercises, most recently the Pegase, Al Salam, Al Koot exercises, as well as joint projects in defence industries and innovation and ongoing defence acquisitions including cooperation through both nations’ air forces, facilitated by the common possession of Rafale combat aircrafts. 

    They praised the strategic convergences between Qatar and France, which contribute to enhancing bilateral interactions between the two military institutions. Qatar and France are keen to explore ways to develop new synergies between their armed forces for future defence capabilities. 

    They also explored ways to build on existing links and expand activities on common strategic interests particularly as they contribute to de-escalation and security in the Gulf and the Red Sea.  

    Both Ministers welcomed the robust and long-lasting partnership between their respective security forces, including cooperation and important knowledge-sharing on Mega Sports Events, Crisis Management and Major Event Management, Air and Aviation Security, Cybersecurity and Digital Investigations, and mutual professionalization and capacity-building. 

    They commended the friendship and trust between the French Gendarmerie and the Qatari Lekhwiya celebrating in 2025 the 20th anniversary of their cooperation. They also welcomed the development of a strategic partnership between the French and Qatari national police forces and the establishment of a High Police Committee. They also emphasised building on this cooperation. 

    Both Ministers emphasised that the fight against terrorism remains a key bilateral realm for cooperation. They said that such cooperation is crucial in prevention and countering terrorism and ensuring the safety of their citizens. These efforts reflect the need for a coordinated approach to deal with an ever-evolving set of terrorist threats that transcend national borders. They also agreed to continue their strong partnership in cybersecurity and in combating terrorism, countering violent extremism and illicit financial flows. 

    HUMANITARIAN AND DEVELOPMENT COOPERATION

    On humanitarian and international development cooperation, both Ministers affirmed the continuing success of programmatic bilateral cooperation and coordination between their respective implementing agencies including QFFD, EAA, Silatech and AFD.

    Regarding development, both Ministers welcomed the renewal of their bilateral cooperation in this field, building on the signing of two major agreements between the French Development Agency (AFD) and the Qatar Fund for Development, the Education Above All (EAA) foundation and Silatech in February 2024. They expressed their appreciation concerning the first cooperation between AFD and QFFD for an ambitious project to renovate and expand Saint Joseph’s Hospital in East Jerusalem. They welcomed that QFFD and the AFD Group (AFD, Proparco and Expertise France) renewed their commitment to cofinance development projects and agreed to raise the cofinancing target from $50 million to $100 million for the duration of the MoU. In the short term, QFFD and the AFD Group commit to operationalizing the partnership in the following countries where there are pressing needs and discussions have already started on joint priorities: Lebanon, Palestine and Syria. They welcomed that QFFD and AFD Group will also, in the medium term, work on joint global advocacy activities and expand the partnership to innovative finance.

    Both Ministers praised the ongoing discussions between the Crisis and Support Centre of the French ministry for Europe and Foreign Affairs and the Qatar Fund for Development to explore possible new areas of dialogue and joint funding, including in the Middle East, Africa and Asia as well as in the field of humanitarian logistics. 

    Following the joint commitment by the Emir of Qatar and the President of the French Republic to dedicate 200 million dollars in 2024 to humanitarian relief in Gaza both Ministers expressed the necessity of answering without delay the urgent needs for aid there. The Ministers also commended the humanitarian impact of joint health relief efforts in Gaza, including medical evacuations, delivery and flow of humanitarian aid, medicines and ambulances. Additionally, they highlighted joint relief efforts in Lebanon to support conflict-affected populations. Recalling these recent successful joint humanitarian operations, both Ministers support a new joint emergency operation to supply medical equipment and medicine to Afghanistan.

    Such cooperation is the embodiment of the longstanding strategic partnership as well as the commitment of Qatar and France to stand by conflict-affected populations.  

    EDUCATION, HEALTH AND SPORTS 

    Both Ministers lauded the strong cooperation in the fields of education, health and sports. On education the Ministers addressed the growing partnership in the field of education, in particular knowledge sharing and research agreements between Qatari and French Institutions of Higher Education (HEI), including Sciences Po and Doha Institute. 

    Cooperation on research and innovation has been boosted by the strong collaboration between Qatar Research Development and Innovation Council (QRDI) and French HEI’s including Centre national de la recherche scientifique (CNRS), Commissariat à l’énergie atomique et aux energies alternatives (CEA), Institut national de la santé et de la recherche médicale (INSERM) and HEC Paris. Under the Qatar Open Innovation Scheme French companies have also received QRDI awards and are working in collaboration with Qatar-based SME’s and institutions to make strides in Agricultural Sciences and Medical Healthcare.  

    Qatar and France are looking forward to the signing of the 8th executive program enhancing bilateral cooperation particularly in French language learning, technical, professional and higher education, and mobility of students and teachers. This agreement aims at establishing a steering committee dedicated to learning French from the 9th (third French) class in Qatari public institutions, as well as a steering committee related to the development of university cooperation. Both sides expressed their mutual intention to strengthen their cooperation in higher education and research, promoting exchanges of students and researchers, as well as further exploring joint training and programmes that enable students to achieve their personal and professional goals.

    Qatar and France also expressed their wish to strengthen the sharing of expertise between the medical communities of the two countries, through the rapprochement or exchange of researchers. The minister for Europe and Foreign Affairs expressed his appreciation for the help of Qatar for the recent opening of the World Health Organization Academy in Lyon.The Prime Minister and Minister of Foreign Affairs Al Thani congratulated the Republic of France on its hugely successful hosting of the Paris 2024 Summer Olympic and Paralympic Games.  Both sides expressed their willingness to share expertise and knowledge and to continue their cooperation on the positive impact and the legacy of hosting mega sporting events.  In particular, they addressed the ways in which strong commitments in terms of social and environmental issues, including on emissions reduction and carbon absorption, opportunities to promote inclusion and diversity, and combat hate speech, racism and other forms of prejudice and discrimination, is offered by sport. 

    CULTURE, ART, HERITAGE COOPERATION

    Both Ministers welcomed the deep institutional and people-to-people connections forged through shared ties on culture, art and heritage. They recalled the visit in April, at the invitation of the Qatari authorities and HE Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums, of HE Rachida Dati, Minister of Culture of the French Republic. 

    The visit came as part of framework commitments made in the MoU signed in June 2024 between HE Rachida Dati, on behalf of the Ministry of Culture, and HE Sheikha Al Mayassa, Chairperson of Qatar Museums. Both Ministers welcomed the signing of 6 partnership agreements in April 2025 between the French Ministry of Culture, Qatar Museums and the cultural institutions of both countries, and pertaining to a broad range of areas of cooperation, in particular training, exhibitions, loans, research, artist residencies, development of image education workshops for young audiences, development of co-productions, support in the creation of a cinematheque. Qatari and French cultural institutions are currently working on the implementation of these agreements.

    The accords include a framework agreement between the French Ministry of Culture and Qatar Museums for professional training in the cultural sector; an agreement between Qatar Museums and the Etablissement public du musée d’Orsay et du musée de l’Orangerie – Valérie Giscard d’Estaing, including research projects, joint exhibition projects, and academic and educational projects. Qatar Museums and the Musée Guimet will proceed on collaboration that includes research, conservation and educational projects dedicated to Asian arts. Qatar Museums also proceeded with a partnership agreement with Manufactures nationales – Sèvres and Mobilier national dedicated to the design and crafts sectors, aiming to strengthen links between French and Qatari designers and craftspeople. Under the framework further Qatar-France agreements include a Memorandum of Understanding between the Doha Film Institute and the Centre national du cinéma et de l’image animée as well as a Memorandum of understanding between the National Library of Qatar and the Bibliothèque Nationale de France. 

    They also welcomed the increased cooperation between the Qatari and French Ministries of Culture, in particular through the forthcoming renewal of the cooperation agreement between the two ministries of Culture.

    Both Ministers reiterated the commitment of their nations to heritage protection, especially in conflict areas, and respect for all relevant international agreements of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

    A SHARED AND RESPONSIBLE FUTURE 

    The State of Qatar and France emphasize the importance of their continued partnership which benefits the interests of both countries and consolidates coordination towards a shared and responsible future.

    Qatar and France look forward to reviewing progress in these areas at the fourth Strategic Dialogue to be held in Doha in 2026.

    MIL OSI Africa

  • Air India plane crash: Tata Group announces Rs 1 crore support for families of victims

    Source: Government of India

    Source: Government of India (4)

    Tata Group Chairman N. Chandrasekaran on Thursday announced that the company will provide Rs 1 crore to the families of each person who lost their life in the tragic crash of Air India Flight 171 in Ahmedabad.

    He also said that the Tata Group will cover the medical expenses of those who were injured and ensure they receive full care and support.

    In a statement, Chandrasekaran said: “No words can adequately express the grief we feel at this moment. Our thoughts and prayers are with the families who have lost their loved ones, and with those who have been injured.”

    He added that the Tata Group would also help build a new hostel at B.J. Medical College as part of its support efforts.

    “We remain steadfast in standing with the affected families and communities during this unimaginable time,” he mentioned.

    Expressing his grief, Tata Trusts Chairman Noel Tata said the tragedy has brought “immense grief to countless families”.

    “This heart-wrenching incident has brought immense grief to countless families, and our thoughts are with all those who have lost their loved ones today,” he said.

    “We extend our heartfelt condolences to the bereaved families and stand in solidarity with them during this unimaginable time.”

    The crash involved Air India Flight 171, which was flying from Ahmedabad to London. According to the Directorate General of Civil Aviation (DGCA), the plane had 242 people onboard, including ten cabin crew members.

    The DGCA reported that the aircraft took off from Runway 23 at 1.39 p.m. Shortly after, it sent out a MAYDAY distress signal to the Air Traffic Control (ATC), but no further communication was received after that.

    The aircraft crashed just outside the airport boundary and was seen emitting thick black smoke.

    The flight was being commanded by Captain Sumeet Sabharwal, with First Officer Clive Kundar as the co-pilot.

    (IANS)

  • MIL-OSI USA: Pallone Blasts Trump Budget for Gutting Emergency Response Funds Ahead of World Cup, Nation’s 250th Anniversary

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    Elimination of Hospital Preparedness Program Would Cripple NJ’s Emergency Medical Response

    Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) today slammed the Trump Administration’s new budget proposal for eliminating the Hospital Preparedness Program (HPP) – a federal initiative that directly supports New Jersey’s Emergency Medical Services Task Force and ensures the state can respond to mass casualty events.

    “Eliminating this program is reckless,” Pallone said. “The Hospital Preparedness Program is the backbone of New Jersey’s ability to respond to disasters. Without it, we’re flying blind as we prepare for millions of visitors to descend on our region for the World Cup and America’s 250th anniversary. Republicans in Congress should be fighting to protect their communities, not helping Trump gut the systems that keep people alive.”

    Next year, MetLife Stadium will host multiple FIFA World Cup matches and communities across New Jersey are expected to host large public events to mark the nation’s 250th anniversary. Pallone said pulling the plug on the HPP now puts first responders and residents at serious risk.

    The Hospital Preparedness Program, currently administered through the Administration for Strategic Preparedness and Response (ASPR), provides approximately $240 million annually to help states prepare hospitals and EMS systems for large-scale emergencies. In New Jersey, those funds support the NJ EMS Task Force, a nationally recognized team that has coordinated public safety for major events, natural disasters, and mutual aid deployments.

    Pallone, top Democrat on the House Energy and Commerce Committee, is leading efforts in Congress to block the cut and fully restore HPP funding.

    MIL OSI USA News

  • MIL-OSI Global: Ngũgi wa Thiong’o and the African literary revolution

    Source: The Conversation – Africa – By Simon Gikandi, Professor of English and Chair of the English Department, Princeton University

    The passing of celebrated Kenyan writer and scholar Ngũgĩ wa Thiong’o on 28 May 2025 marks the end of a remarkable period in African literary history – the fabulous decades in the second half of the 20th century when African writers came to command the world stage.




    Read more:
    Five things you should know about Ngũgĩ wa Thiong’o, one of Africa’s greatest writers of all time


    This was the time of what I call the African literary revolution. As a scholar of African literature and the author of many books and papers on Ngũgĩ, I have raised several questions about this period. Why and how did this revolution happen? What motivated this turn to the imagination as a tool of decolonisation? And what was Ngũgĩ’s role in this drama?

    To answer these questions one must think of Ngũgĩ inside and outside a generational cultural project.

    The African literary revolution

    Accounting for this project is not difficult. One can say for certain that in the late 1950s and early 1960s, as the African continent entered the last phase of decolonisation, writers and intellectuals became important actors in the fight for independence. They did so by quietly entering and occupying the spaces and knowledge systems that had until then been the preserve of colonial agents.

    They used the work of the imagination to challenge colonial systems of thought and imagine decolonial alternatives. And what made this a period like no other in African literary history was a powerful sense of newness and the possibilities of a world yet to come. As the Nigerian writer and critic Chinua Achebe once put it:

    There was something in the air.

    Literature was asked to herald the possibilities and perils of freedom and Ngũgĩ was to play a major role in chaperoning the language of African being and becoming.

    In the memoirs he wrote about his education, he would often return to his mental imprisonment in English literature and the mythology of Englishness.

    Hidden in these narratives of colonial miseducation, however, was the discovery of the gift of African fiction brought by precursors. Nigeria’s Achebe and Cyprian Ekwensi and South Africa’s Peter Abrahams gave Ngũgĩ a model of how English could be used against Englishness.

    Coming after these writers provided him with an alternative to the “Great Tradition” of English letters.

    Reimagining Africa

    As a student at Alliance High School in Kenya and later at Makerere University College in Uganda, Ngũgĩ positioned himself as part of a literary vanguard that was reimagining Africa.

    His first major fiction was published in Penpoint, a pioneering journal of literature edited by students at the Makerere English department. He was a delegate to the 1962 Conference of African Writers held at the university, sharing the podium with writers who were to define the African culture of letters for several decades. He was one of the few writers at this historic conference without a major publication, but his presence seemed to signal the promise of the future.

    Something else made this period distinctive: this was a time when African intellectuals, writers and politicians shared a common belief in the redemptive work of art and literature. At Makerere, Ngũgĩ had been preceded by Julius Nyerere, a translator of Shakespeare in Swahili who was to become president of Tanzania. At the same college, Apollo Milton Obote, future president of Uganda, had appeared in a 1948 production of Julius Caesar, the first performance of Shakespeare at the university.

    And the contributors represented in Origin East Africa, an anthology of creative writing at Makerere, provide the most vivid example of the role writing and a literary education could come to play in the making of the postcolonial public sphere. Ngũgĩ had four stories published in the anthology, coming just after a short story by Ben Mkapa, future president of Tanzania.

    Ngũgĩ belonged to a generation that saw literature as a forum for critique, of questioning dominant ideas and beliefs. In this context, creative writing was asked to perform at least four tasks:

    • to reimagine an African past whose resources might be rehearsed for the future

    • to rehearse the drama of decolonisation

    • to account for postcolonial failure

    • to produce fictions that might help readers rethink a global African identity.

    Ngũgĩ’s novels rose to fulfil these tasks with conviction and courage. The River Between and Weep Not, Child dealt with the wounds of history. A Grain of Wheat and Petals of Blood were positioned in a zone where the figure of the new nation was caught between its aspirations and desires and the possibility of failure and betrayal. Wizard of the Crow was simultaneously an allegory of postcolonial failure and the possibility of its transcendence.

    And then came banishment and exile.

    The late career

    Although he barely acknowledged it in his writings or in public, Ngũgĩ’s late career was defined by the realities of exile and an awareness of his own displacement from his primary audience and the Gĩkũyũ language that had energised his poetics.

    He was celebrated and honoured in powerful American universities and institutions including the Library of Congress. He was recognised in the global African world and cited by the few African leaders like Ghana’s John Dramani Mahama who understood the need for a forceful response to racial ideologies.




    Read more:
    Drama that shaped Ngũgĩ’s writing and activism comes home to Kenya


    But he was a persona non grata in the one place – Kenya – where recognition mattered most to him.

    In the end, there was a certain kind of belatedness in Ngũgĩ’s later fictions. The subject of these works and their points of reference were distinctly Gĩkũyũ, Kenyan, African, pan-African, and global. Nonetheless, these gestures of being African were enacted far away from the homelands in which Ngũgĩ’s writing and thinking was both intelligible and functional.

    Imagining and writing about Africa away from Africa was a promise and debt. It was an obligation to a place but also a measure of one’s distance from it.




    Read more:
    3 things Ngũgĩ wa Thiong’o taught me: language matters, stories are universal, Africa can thrive


    I reflected on this problem as I reviewed Ngũgĩ’s 2006 novel set in an imaginary autocratic country, Murogi wa Kagogo (Wizard of the Crow), in its original Gĩkũyũ edition and later in its translation.

    I was reading the same book, but it was pointing in two different directions – towards home and away from it.

    In our many encounters, Ngũgĩ made fun of the fact that I seemed to have adopted alienation as the essential condition for thinking and writing. What he sought to do until the last minute of his life was carry within himself and his fictions that place that used to be home, its politics and poetics.

    Simon Gikandi 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. Ngũgi wa Thiong’o and the African literary revolution – https://theconversation.com/ngugi-wa-thiongo-and-the-african-literary-revolution-258428

    MIL OSI – Global Reports

  • MIL-OSI Global: Many Russian speakers in Ukraine have switched language – but changing perceptions may be much harder

    Source: The Conversation – UK – By Oleksandra Osypenko, PhD researcher in linguistics, Lancaster University

    After Russia’s full-scale invasion of Ukraine in 2022, a lot of Ukrainians who would normally have used Russian as their first language started instead to speak only in Ukrainian. It was part of a cultural shift, particularly in areas close to Russia. Streets were renamed, statues of Russians taken down and Russian literature taken off the shelves of bookshops.

    But language does more than merely signal a person’s identity. We wanted to find out whether a change in the language a person uses could influence they way they think in their everyday lives. Our research suggests encouraging people to speak more Ukrainian in public isn’t enough to shift the influence of the Russian language on people’s perceptions.

    In a study published in 2024, Ukrainian linguistics expert Volodymyr Kulyk documented a marked decline in the everyday use of Russian by Ukrainians since the invasion in February 2022. Many individuals, Kulyk found, were voluntarily abandoning Russian in response to the invasion, often viewing the language itself as a symbol of Putin’s aggression.

    His survey found that only 44% of Ukrainians reported using Ukrainian as their primary language in 2012, compared to 34% who said they primarily spoke Russian, and 22% had used both. By December 2022, the percentage of people who said they primarily spoke Ukrainian had risen to 57.4% and Russian use had dropped to just 14.8%, with the remaining 27.8% reporting using both languages.

    Kylyk found that this was even more pronounced in public spaces. In the workplace, use of Ukrainian increased from 41.9% in 2012 to 67.7% in December 2022. Online, the consumption of Ukrainian-language content by Ukrainians soared from 11.6% to 52.2%, while that of Russian-language content fell from 48.6% to just 6%


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    The idea that language shapes thought, known as the “linguistic relativity principle” was first articulated by American linguist Benjamin Lee Whorf in the 1950s. Numerous subsequent studies have since provided evidence supporting the principle.

    Researchers have shown that learning a new language or increasing the use of one can subtly reshape the way a person views the world.

    One way to test this is by looking at grammatical gender. In 40% of the world’s languages – including Ukrainian and Russian – objects are assigned a gender. For example, the word for “sock” is masculine in Russian and referred to using a pronoun “he” (носок – nosok), while in Ukrainian it is feminine and referred to using as “she” (шкарпетка – shkarpetka). Using grammatical gender allows us to examine how such purely linguistic categories influence our perception.

    Previous studies have shown that people tend to associate grammatically masculine nouns with stereotypically male qualities such as strength or aggression and feminine nouns with softness or gentleness. These are associations that can shape real-world judgments in unexpected ways.

    For example, a 2020 study led by French linguist Alican Mecit found that French and Spanish speakers perceived the pandemic as less threatening when it was referred to as la COVID-19 (feminine), and more dangerous when called le coronavirus (masculine), affecting how cautious they were in daily life.

    Masculine or feminine?

    To explore these effects in context of Ukraine’s ongoing language shift, we conducted a study in late 2023 to examine whether speaking Ukrainian or Russian affects people’s perception of everyday things, by asking our participants to rate objects as more masculine or feminine.

    Our participants also completed Ukrainian and Russian proficiency tests and filled out a questionnaire about their language habits. We asked them about what languages they used on a daily basis, with family and friends, and which language they considered their dominant one. After analysing this data, we discovered an interesting trend.

    Some of our results showed exactly what we had thought. Participants with higher proficiency in Russian showed a statistically significant influence of Russian on the way they viewed the world. The same was true for those more proficient in Ukrainian.

    This suggested that the language a person is most skilled in – as measured by tests, not just their own reports – has a strong influence of their perception, even when they are not consciously using that language.

    In other words, the deeper your knowledge of a language, the more it shapes your unconscious patterns of thought.

    But when we looked at participants’ self-reported language use, we unexpectedly found that even those people who said they used Ukrainian more than Russian day-to-day, with their family and friends, still showed perceptual patterns aligned with Russian. These were Ukrainians whose first language was Russian but who had made a deliberate switch to Ukrainian.

    For example, when rating gendered objects as more masculine or feminine, these participants made choices that reflected Russian grammatical gender rather than Ukrainian – so, to use our example from earlier in this article, they saw a sock as being inherently a male thing.

    This suggested one of two possibilities. Either they had overstated their use of Ukrainian, possibly due to social pressure. Or they were genuinely switching to Ukrainian, but Russian continued to unconsciously influence their thinking. This mismatch was especially common among those who claimed to use Ukrainian in informal settings, like at home or with friends.

    So, even as more Ukrainians shift away from using the Russian language because of the war, the influence of Russian can still be found in how they perceive the world.

    What does this mean for language policy?

    Ukraine’s language policies have been a matter for debate event before the 2022 invasion. In fact, one of the reasons Vladimir Putin gave for launching his “military operation” was because of what he claimed was a “genocide” against Russian speakers in Ukraine, something the Ukrainian government strenuously denied.

    But it should be noted that Ukraine passed a law in 2019 (which came into force at the beginning of 2021, titled On ensuring the functioning of the Ukrainian language as the state language. This required the use of Ukrainian in all spheres of public life, including education, science, culture, media, advertising and customer service. The law drew some international criticism as possibly discriminatory and caused considerable disquiet in Russian-speaking communities.




    Read more:
    Ukraine: how a controversial new language law could help protect minorities and unite the country


    So while language policy in Ukraine has focused on promoting Ukrainian language in public and professional settings, including schools and workplaces, our findings suggest that these formal uses of language do not necessarily change the way people think.

    The bigger shifts seem to come from informal, everyday language use, especially at home. It is in those personal, emotionally rich contexts that language appears to shape thought most deeply.

    Oleksandra Osypenko 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. Many Russian speakers in Ukraine have switched language – but changing perceptions may be much harder – https://theconversation.com/many-russian-speakers-in-ukraine-have-switched-language-but-changing-perceptions-may-be-much-harder-257765

    MIL OSI – Global Reports

  • MIL-OSI Global: Wales is overhauling its democracy – here’s what’s changing

    Source: The Conversation – UK – By Stephen Clear, Lecturer in Constitutional and Administrative Law, and Public Procurement, Bangor University

    Wales’ Senedd will expand and change as of May 2026. Mareks Perkons/Shutterstock

    Next May’s Senedd (Welsh parliament) election won’t just be another trip to the polls. It will mark a major change in how Welsh democracy works. The number of elected members is increasing from 60 to 96, and the voting system is being overhauled. These changes have now passed into law.

    But what exactly is changing – and why?

    When the then assembly was first established in 1999, it had limited powers and just 60 members. Much has changed since then and it now has increased responsibility including primary law-making powers over matters such as health, education, environment, transport and economic development.

    The Wales Act 2014 also bestowed a number of new financial powers on the now Senedd, including taxation and borrowing powers. But its size has stayed the same.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    This led to concerns about capacity and effectiveness. In 2017, an independent expert panel on electoral reform concluded that the Senedd was no longer fit for purpose. It warned that 60 members simply weren’t enough to scrutinise the Welsh government, pass legislation and respond to constituents. A bigger chamber, it argued, would improve both the quality of lawmaking and democratic accountability.

    Wales also has fewer elected politicians per person than any other UK nation. Scotland has 129 MSPs, while Northern Ireland has 90 MLAs. Even with next year’s changes, Wales will still have fewer elected members per citizen compared with Northern Ireland.

    It’s a similar picture when Wales is compared with other small European nations.

    More Senedd members could ease workloads, improve local representation and importantly, may encourage a more diverse pool of people to stand for office.

    How is the voting system changing?

    Alongside expansion will be a change in how Senedd members are elected.

    Since its inception, Wales has used the “additional member system”, which is a mix of first-past-the-post for constituency seats and proportional representation for regional ones.

    From 2026, that system will be replaced by a closed list proportional system, using the D’Hondt method. It’s a system which is designed to be fairer, ensuring that the proportion of seats a party wins more closely reflects the votes they get. But it also means voters will have less say over which individuals get elected.

    Wales will be divided into 16 constituencies, each electing six MSs. Instead of voting for a single candidate, voters will choose one party or independent candidate.

    Parties will submit a list of up to eight candidates per constituency. Seats will then be allocated based on the overall share of the vote each party gets, with candidates elected in the order they appear on their party’s list.

    For example, if a party wins a percentage share of the vote equating to three seats, the top three people on their party list will be elected. The calculation for this is defined by the D’Hondt formula. The decision to adopt this method in Wales was one of the recommendations of the special purpose committee on Senedd reform in 2022.

    Jeremy Vine explains just how the D’Hondt system of proportional representation works.

    Several countries across Europe use this system for their elections, including Spain and Portugal. In countries with small constituency sizes, D’Hondt has sometimes favoured larger parties and made it harder for smaller parties to gain ground. That’s something observers in Wales will be watching closely.

    An alternative method, Sainte-Laguë, used in Sweden and Latvia, is often seen as more balanced in its treatment of small and medium-sized parties, potentially leading to more consensual politics. But it too has its downsides. In countries which have many smaller parties, it can lead to fragmented parliaments and make decision-making more difficult.

    In sum, no system is perfect. But D’Hondt was chosen for its balance between proportionality, simplicity and practicality.

    The Senedd chamber will house 36 more members from May 2026 onwards.
    Senedd Cymru

    Could this confuse voters?

    One concern is the growing differences between electoral systems across the UK, and even within Wales itself.

    At the UK level, first-past-the-post (FPTP) is the method used for Westminster elections. Meanwhile, some Welsh councils are experimenting with the single transferable vote method, which lets voters rank candidates in order of preference.

    So, some people in Wales could find themselves navigating three different voting systems for three different elections. Obviously, this raises the risk of confusion. Voters who are used to one vote and the “winner takes all” nature of FPTP may be confused by how seats are allocated in Wales come 2026.

    With numerous different systems, the risk is that people do not fully understand how their vote translates into representation. In turn this risks undermining confidence and reducing voter turnout.




    Read more:
    Wales wants to punish lying politicians – how would it work?


    Voters will need clear, accessible information on how their vote works – and why it matters. But this is particularly challenging when UK-wide media often defaults to FPTP-centric language and framing surrounding debates, which can shape public expectations. News about Wales often barely registers beyond its borders, while news about politics in Wales barely registers within.

    Electoral reform often prompts broader conversations. As Welsh voters adjust to the new proportional system, some may begin to question Westminster’s FPTP model, especially if the Senedd better reflects the diversity of votes cast. FPTP is frequently criticised for producing “wasted votes” and encouraging tactical voting, particularly in safe seats.

    Under a more proportional system, tactical voting becomes less necessary, which has the potential to shift voter habits in Wales.

    If the 2026 reform leads to a more representative and effective Senedd, it may not only reshape Welsh democracy, but reignite debates about electoral reform across the UK.

    Stephen Clear 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. Wales is overhauling its democracy – here’s what’s changing – https://theconversation.com/wales-is-overhauling-its-democracy-heres-whats-changing-256640

    MIL OSI – Global Reports

  • MIL-OSI Global: Tornado: this samurai-western immigrant revenge tale tries to be many things – but runs out of ammo

    Source: The Conversation – UK – By Chi-Yun Shin, Senior Lecturer, Film Studies, Sheffield Hallam University

    Tornado is many things: a British period drama, a western, a samurai film, a coming-of-age story and an origin story. Set in the windswept moorland of Britain in 1790, the film offers a lawless backdrop fit for a western, with no visible sign of the industrial revolution that began some three decades prior.

    Its Wuthering Heights-esque wilderness, serenely captured by the cinematographer Robbie Ryan conjures up an almost otherworldly look.

    The film is also a revenge story. Tornado (Kōki), the 16-year-old Anglo-Japanese heroine, seeks to avenge her father’s death, armed with a samurai sword. First, though, she has to escape the clutches of some ruthless highwaymen.

    We begin in the middle of this action, with Tornado being pursued across a desolate landscape by Sugarman’s (Tim Roth) gang, who just killed her father, Fujin (Takehiro Hira).

    They are looking for their ill-gotten sacks of gold, which they believe she stole from them. What they don’t know is that Fujin, a former samurai who was reduced to a travelling puppeteer in Britain, taught his daughter to fight and hid the gold. These archetypal components of western genre, gold and revenge are mashed up with a samurai-sword-wielding heroine.


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    The cross-pollination of western and samurai films has a long history. There is the well-known influence of John Ford’s westerns on the samurai films of Akira Kurosawa. Meanwhile, Kurosawa’s Seven Samurai (1954) in turn directly inspired the classic Hollywood western, The Magnificent Seven (1960).

    Kurosawa’s Yojimbo (1961) practically started the whole sub-genre of spaghetti western, providing a template for the narrative and character arc. Both Sergio Leone’s influential A Fistful of Dollars (1964) and Sergio Corbucci’s Django (1966) feature a lone man, seemingly a mercenary, entering a town with two warring gangs where he uses his skills (swapping samurai-sword-wielding for gun-slinging) to manipulate the situation.

    Tornado’s influences

    Tornado pays homage to Leone’s epic spaghetti western Once Upon a Time in the West (1968). This is most obvious in a scene where the vicious gang arrives at the circus troupe’s trailer site where Tornado is taking refuge.

    A knife thrower (Jude Cranston) is practising his techniques, and his steady throwing actions make rhythmic noises as his knives hit the target board in succession. This creates a soundscape reminiscent of the masterful sound design of the opening sequence of Once Upon a Time in the West.




    Read more:
    Tornado is a Scottish samurai-western film – genres with a long-shared history


    The sole black member of the gang, named Psychotic Bandit (Dennis Okwera) is conspicuously dressed in all black, complete with a black cowboy hat. This costuming is almost identical to one of the three outlaws played by Woody Strode (one of the first black American players in the NFL, turned actor) in Once Upon a Time in the West.

    As he approaches the knife thrower and silences him, his out-of-place look (too dandy for a rural bandit) suddenly makes sense and serves a purpose. Like the Strode character, Psychotic Bandit doesn’t speak, but he doesn’t quite pull off the formidable calm menace of Strode.

    The trailer for Tornado.

    Tornado is also a typical immigrant family story that deals with the generational gap. The father tries his best to pass on his culture and knowledge (samurai skill in this case) to Tornado, but his teenage daughter, while reluctantly participating in the family business (a samurai puppet show) wants to have a lie-in and go to town. She speaks to him in perfect English as opposed to his accented English.

    Although the presence of Japanese samurai as a travelling showman in 1790s Scotland is unlikely (considering that the first Japanese visitors set foot on British soil in 1832), director John Maclean’s interest in outsiders and marginalised communities is evident.

    In one scene, now-wounded Sugarman faces Tornado and makes a fatherly suggestion that she go home, to which she answers: “I am home.” It’s a knowing exchange, even if it’s a bit of cliche. Through the course of the film, Tornado grows to accept her father’s teachings and comes of age, as she declares: “I’m Tornado; remember my name.” Though it feels a little contrived, it is fitting for an origin story of a self-assured samurai.

    This coming-of-age story of a young female samurai, set in a desolate landscape, offers a downbeat antidote to the romanticised stories of a westerner who goes to Japan and becomes a samurai, as seen in The Last Samurai (2003) and Shōgun (2024).

    In the end, however, Tornado tries to be too many things, and can’t quite cut it as a satisfying samurai film. It lacks the introspection of Twilight Samurai (2002) or the exhilaration of Zatoichi (2003) and 13 Assassins (2010). It amounts to an unconventional, but underwhelming, execution of a classic genre mash-up.

    Chi-Yun Shin 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. Tornado: this samurai-western immigrant revenge tale tries to be many things – but runs out of ammo – https://theconversation.com/tornado-this-samurai-western-immigrant-revenge-tale-tries-to-be-many-things-but-runs-out-of-ammo-258733

    MIL OSI – Global Reports

  • MIL-OSI USA: Ricketts Introduces Legislative Package to Protect American Way of Life from Communist China

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)
    WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE) introduced a legislative package of four bills that would counter malicious efforts to disrupt American prosperity by Communist China and other adversaries. The package includes the No Capital Gains Allowance for Americans Adversaries Act, the PRC Military and Human Rights Capital Markets Sanctions Act, the No China in Index Funds Act, and the Protecting Endowments from our Adversaries Act (PEOAA). This legislative package limits the ability of adversaries like Communist China from taking advantage of America’s economic strength and tax benefits intended for Americans.
    “Communist China is the greatest threat to the American way of life,” said Ricketts. ”Communist China is actively threatening a rules-based system that has maintained peace and prosperity for over 80 years. America’s markets are supposed to benefit Americans. We can’t allow our markets to fund our adversaries like Communist China.”
    The No Capital Gains Allowance for Americans Adversaries Act would:
    Treat capital gains on all Chinese, Russian, Belarusian, Iranian, and North Korean stocks as ordinary income. Such investments would then not be eligible for the lower capital gains tax rates.
    Eliminate the “step-up in basis” for Chinese, Russian, Belarusian, Iranian, and North Korean assets inherited at death – which reduces an heir’s tax liability by ignoring gains that occurred before inheritance.
    Direct the Securities and Exchange Commission to maintain a public list of securities covered by this Act and require that sellers of covered securities disclosure to customers that sales of those securities will be treated as ordinary income.
    The PRC Military and Human Rights Capital Markets Sanctions Act would:
    Direct the President to compile and maintain a single public list of sanctioned companies and their affiliates.
    These lists include those that target human rights violators, including companies that utilize coerced labor in production, companies that proliferate dangerous technologies, and those that have connections to the Chinese military and intelligence services.

    Prevent U.S. persons from purchasing, selling, or holding:
    A publicly-traded security issued by a sanctioned company or affiliate of the sanctioned company;
    A publicly-traded security that is a derivative of a publicly issued security issued by a sanctioned company or affiliate of the sanctioned company;
    A security that provides investment exposure to a publicly-traded security issued by a sanctioned company or affiliate of the sanctioned company.

    Give a U.S. person 180 days after enactment to divest from the prohibited securities.
    The No China in Index Funds Act would:
    Prohibit index funds from investing in Chinese companies and require them to divest from such investments within 180 days after date of enactment.
    The Protecting Endowments from Our Adversaries Act (PEOAA) would:
    Apply to private college and university endowments over $1,000,000,000
    Disincentivize endowments from investing (directly or indirectly) in adversarial entities that are on any of the following US Government Lists (USG):
    Entity List
    Military End User (MEU) List
    Unverified List
    FCC Covered List

    Impose a 50% excise tax on the principal investment at the time of acquisition if an endowment invests in a company that is listed.
    Impose a 100% excise tax on the realized gains derived from listed investments one year after an entity is listed.
    BACKGROUND:
    Other countries have investment incentives not applicable to some foreign investments. For instance, China provides investment incentives through its tax code, but foreign investments are eligible only with the pre-approval of the Chinese government.
    Companies that have their business relations with the United States cut off or strictly restricted should not be allowed to sell securities in the U.S., or to U.S. persons, whether directly or indirectly through a mutual fund or ETF.
    Index mutual funds minimize their expenses by simply investing in all the companies in a certain market sector, without looking closely at the individual companies. There are unique difficulties in evaluating the risks of investing in Chinese companies. Americans should not invest in these companies without carefully evaluating the risk. This bill will keep these hard-to-evaluate Chinese stocks out of index mutual funds.
    University and college endowments are funds or assets donated to support various activities of the institution. These institutions often invest billions from their endowments into organizations and companies listed on the Department of Commerce’s Entity List. While maintaining a tax advantage, endowments can fund these entities even if they pose national security concerns.

    MIL OSI USA News

  • MIL-OSI Banking: Copilot Vision on Windows with Highlights now available in the US

    Source: Microsoft

    Headline: Copilot Vision on Windows with Highlights now available in the US

    We’re excited to announce that Copilot Vision on Windows with Highlights is now available in the US. This is a major step forward in our journey to make Copilot your everyday companion: one that works with you, sees what you see, and helps you get things done. As Copilot becomes more optimized for Windows, it

    We’re excited to announce that Copilot Vision on Windows with Highlights is now available in the US. This is a major step forward in our journey to make Copilot your everyday companion: one that works with you, sees what you see, and helps you get things done. As Copilot becomes more optimized for Windows, it stands apart as your go-to AI companion that’s ready to be there as a sounding board and a guide when you need it.

    Copilot Vision on Windows is an all-new way to engage with your Windows PC, assisting you when needed. When you choose to enable it, Copilot Vision can see what you see and talk to you about it in real time.  It acts as your second set of eyes, able to analyze content, help when you’re lost, provide insights, and answer your questions as you go. Whether you’re browsing, working, or deep in a project, Copilot Vision offers instant insights and answers, keeping your flow smooth and effortless.  

    What brings Copilot Vision on Windows to life is the ability to navigate multiple apps at once, and have Copilot serve as a guide when you want it to. You’re now able to share two apps at a time so Copilot travels with you as you work to gain more context, connecting dots between different apps. And with Highlights, you can go a step further and ask Copilot “show me how” for a specific task and it will show you within the app where to click and what to do. Altogether, Copilot can be by your side giving you tips while playing a game, viewing your photo and showing you how to improve the lighting to make it perfect, or reviewing your travel itinerary to let you know if your packing list is sufficient based on your destination.  

    To get started with Copilot Vision on Windows, open the Copilot app and click the glasses icon in your composer, select which browser window or app you want to share, and ask Copilot to help with whatever you’re working on. To stop sharing, press ‘Stop’ or ‘X’ in the composer. It’s a fully opt-in experience that always puts you at the controls.  

    Copilot Vision on Windows is available now in the US for Windows 10 and Windows 11, and coming to more non-European countries soon. Copilot Vision on Windows is part of Copilot Labs as we continue to refine and enhance the experience. The Copilot on Windows app now also supports Deep Research and file search.  

    This update brings Copilot even closer to being a true companion, with a deeper understanding of your goals and the ability to provide clear, step-by-step guidance to help you accomplish them. Copilot Vision on Windows is evolving, shaped by the insights and experiences of those who use it every day. We’re committed to refining and expanding its capabilities, with new features and functionality on the horizon. Try Copilot Vision on Windows today.   

    MIL OSI Global Banks

  • MIL-OSI USA: ICYMI: Tuberville Joins “Kudlow” to Discuss President Trump’s “Big, Beautiful Bill”

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – U.S. Senator Tommy Tuberville (R-AL) joined Larry Kudlow on Fox Business Network to discuss President Trump’s “One Big, Beautiful Bill,” and how the Senate needs to pass it quickly to enact historic tax cuts for Americans. Senator Tuberville also discussed the latest Consumer Price Index (CPI) numbers and shared how President Trump’s tariffs are delivering positive results in Alabama.  

    Excerpts from Senator Tuberville’s interview can be found below and the full interview can be found on Rumble or YouTube. 

    KUDLOW: “Joining us now is Alabama Senator Tommy Tuberville, [the] great Senator Tommy Tuberville. Senator, welcome back as always. I just wanna try this thesis out in you. Mr. Trump acted so decisively to stop the riots in Los Angeles, to protect the work of ICE, to keep the deportations going, to make it very clear that criminals would be thrown into jail, if you spit on somebody, you’re going to jail, etc., etc. That was a big win, I mean, I think it was a big win and a big loss for Democrats. But here’s my questions there. I think that kind of action, which is so popular—it’s like an 80/20 issue—plays into passage of the one big, beautiful bill because people want promises made, promises kept. They want the Trump agenda, and they see that he is unhesitatingly defending the Trump agenda on which he was elected last November. What you think? I’m going from LA to one big, beautiful bill.”

    TUBERVILLE: “Well, if you just think about this summer coming up, it’s probably gonna be the ‘summer of hate’ instead of the ‘summer of love,’ Larry. We got huge problems. 1,400 protests just this weekend, but at the end of the day, President Trump never hesitated with this. He goes in—this is a third world country run by a communist governor. And the guy should be in jail, and also the mayor. This is an absolute disgrace. The American people—actually the citizens of California—should be treated a lot better than this. But at the end of the day, it is really gonna help, I think, also, as you said, coming back to the big, beautiful bill, President Trump means business. If you look at this bill, about ¾ of it is tax cuts for all Americans. Tax cuts.”

    KUDLOW: “Mhmm.”

    TUBERVILLE: “And that’s what we need. We gotta get that done. The other—there’s some things in there, that I don’t agree with all of it—a little bit too much spending, but the one thing we have to get done is the tax cuts and all those other things will work itself out as we go through this bill and another reconciliation down the road. But, yeah, President Trump means business. He knows what he’s doing. He’s got huge backing from really smart people like [Secretary Scott] Bessent and [Secretary Howard] Lutnick, and all the people that are working, all the trade and tariff deals. I’m fired up about the big, beautiful bill being passed here in the very near future.”

    KUDLOW: “I mean, you—look, you’ve probably seen some of these numbers from the White House Legislative Affairs, but a 15% tax cut to working families, [has] 82% [support], [support for the] child tax credit [is even] higher, [at] 81% percent. Ending taxes on tips, [has] 77% [support] to 18% [non-support]. Cutting taxes on overtime, [has] 74% [support] to 18% [non-support]. I mean, these are like 75% to 80% [support] to 20% [non-support] issues. You know what they’re like, Senator. They’re like law and order, punishing criminals, or deporting murderers and sex traffickers[which are all popular issues]. They’re 80/20 issues too. And I’m just saying, to me it all kind of comes together—I know LA seems a long way from one big, beautiful bill, but in the public’s mind, the guy they hired to be president is doing what folks want, and I think there’s been momentum. That’s why I wanna get the one big, beautiful bill done as soon as possible, sir.”

    TUBERVILLE: “Exactly. Take our country back like he’s doing in California. Take our economy back like he’s gonna do with this bill. This bill is gonna help a lot of people, Larry, and it’s gonna build growth. You know, just last week, I talked to a group in Alabama that President Trump saved 300 jobs at this manufacturing textile mill because of what he did with tariffs.” 

    KUDLOW: “Mhmm.

    TUBERVILLE: “That’s gonna happen. Biden, Obama, Clinton, they all sold our manufacturing out. Anywhere you drive in this country, you’re gonna see manufacturing plants that are just old, dilapidated. Nobody’s working there—small towns gone to heck in a hand basket. But at the end of the day, President Trump means business. He’s gonna get people to come back. He’s gonna tariff everybody that’s against this country, especially China. And we’re gonna get manufacturing back and take care of ourself instead of other people.”

    KUDLOW: “Well, you know, full cost expense is gonna help that. But the bigger story is the tariff inflation is missing in action. And I think these exporting countries with their unfair trading practices—you know, Senator, I think they’re eating the tariff. That’s what I think is happening because there’s no inflation. It’s only 1.4% for the past four months. That’s remarkable. Every economist practically in the liberal media was completely wrong.”

    TUBERVILLE: “Well, the Democrats have been hollering, ‘Chicken little, the sky is falling. The sky is falling,’ and all we have to do is look at really what’s going on and everything is getting better. You know, we might not have improved a lot, but we haven’t tanked like the Democrats were expecting because look at all the things we’re having to go through, the tariffs, the wars, all these protests. They’re doing everything they can to slow President Trump down. It’s not working. He’s not listening to the nonsense anymore. The media can do what they want to, but he’s gonna do exactly what he told American people he’s gonna do. He’s gonna stick with it. He’s got a game plan. And I’m looking forward to this game plan continuing on. When we get these tax cuts done, the country is gonna take off in the right direction, and you don’t have to worry about inflation. We’re gonna be on the way up.”

    KUDLOW: “Senator Tuberville, President Trump is hinting at putting in a new Fed chairman. I mean, this guy, Jay Powell, should have been cutting rates with the absence of inflation. How about you running the Federal Reserve System? A commonsense guy like you—businessman, you know the farm community. We need somebody. I know your eye—you got your eye on the Alabama governorship. I got the Federal Reserve checked off for you.”

    TUBERVILLE: “Well, the one thing I will tell you and [you] hit it on one of those ideas there, Larry. The interest rates are killing our farmers. We’re gonna lose our farmers if we don’t get this interest rate down. It’s costing them a fortune. They can’t make a profit. And what happens when we lose our farmers like we did manufacturing, we’re gone go south. And we cannot allow that to happen. We gotta protect our farmers. Yeah, let’s drop the interest rates. Drop them now. They were way too high for way too long.”

    KUDLOW: “Senator Tommy Tuberville, that’s the best. Thank you for your wisdom, sir.”

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News