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Category: Business

  • MIL-OSI United Kingdom: Thompsons Lecture: Employment law and the fundamental right to security

    Source: United Kingdom – Executive Government & Departments

    Speech

    Thompsons Lecture: Employment law and the fundamental right to security

    On Thursday 8 May 2025, the Attorney General Lord Hermer KC delivered the Thompson Foundation Lecture on “Employment law and the fundamental right to security”

    Introduction

    Thank you very much for this opportunity to celebrate the remarkable legacy of Thompsons Solicitors, a firm that has been a beacon of justice for over a century.

    One of the features of my new life in government is that you are often give a very clear steer about what you have to talk about, so it was a particular pleasure to be invited to give a lecture with no title, and no particular ask as to what I should talk about at all – so let me thank you all for accepting an invitation to a lecture in which I suspect you have no idea at all about what I am about to say.

    In the first days of government, the Prime Minister, in an article entitled ‘Our Government of Service’, set out how the first obligation of government is to provide security to those that they serve. By security, Keir, was not limiting himself to the military defence of our country but also security in the wider sense – drawing on his own life experience, Keir described seeing the security that his parents derived from having their own home, a pebble-dashed semi in Oxted – the security and dignity that comes with a key to your own home. But Keir went on to say this “It’s not just security at home that matters, but security at work. That’s why we will level-up rights at work to deliver security and dignity for working people. It’s what they deserve.”

    The right to security is a fundamental human right, recognised in all the international human rights treaties which the UK has chosen to sign up to.

    It also underpins many of the Government’s missions in its Plan for Change, and that Plan for Change is premised on the central insight that effective protection of people’s right to security often requires positive state action to protect the vulnerable against the privately powerful. Security at work is a principle that the has been fought for by generations [Redacted political content] – they have time and time again taken on vested interests to secure basic rights for working people, often with the help of lawyers such as Thompsons.

    So, what I would like to do tonight is to seize this moment when the human right to security is central to the Government’s priorities and talk about the role that law can play in improving the security of working people in the workplace – how it plays a role as a standard setter for societal expectations of what is acceptable, what is not – what requires protection, and what does not.

    And I would also like to talk about the role of lawyers in ensuing that protective laws are applied effectively and consistently- as well as ensuring that those who break the law are held to account and those workers who suffer as a result are adequately compensated – and I want to exemplify this by taking as my central theme our current efforts to bring the Employment Rights Bill into law in the context of attempts by reforming governments of the past to bring in radical change for the benefit of the people of this country.

    This is, I hope both a timely theme and appropriate venue for such a talk.

    It’s timely because the Employment Rights Bill is currently winding its way through Parliament. This is I believe landmark legislation that will significantly advance the human right to security by fundamentally changing workers protections.

    Yet it is also legislation that faces sustained and alarmist criticism from sectors of society and our opponents in parliament who claim that (at best) it will curtail the UK’s competitiveness and (at worst) will bring the economy to a juddering halt. What I would like to do in part tonight is put these criticisms in their historical context – to show that these voices have always been present whenever reforming governments have sought to introduce progressive policies to make the lives of working people more secure but that these voices have consistently been shown to be misplaced.

    I also think that the Thompson’s lecture is the perfect venue to talk about how Government intends to change working life for the better. Founded in 1921 by the visionary civil rights lawyer, Harry Thompson (who also once lived in Oxted for which I thank Wikipedia), this firm has always championed the rights of the injured and mistreated. The firm is an inspiring illustration of how the law can be used as a powerful tool to protect and uplift working people.

    Driven by a profound commitment to social justice since its inception, Harry Thompson’s vision was clear: to create a legal practice that would serve as a shield for those who faced adversity and injustice. It has achieved this in large part through working in partnership with trade unions. The history of labour law in this country, the history of the establishment of the fundamental rights of labour to organise itself, the history of protections in the workplace and the history of the creation of employment rights, is the history of our trade union movement. That history is a source of immense national pride and Thompsons have realised a shared vision through partnership in tireless advocacy, groundbreaking legal victories, and unwavering dedication to the cause of justice and fairness.

    My own connections with Thompsons extend back decades to my early years at the Bar. When I started at the Bar, instructions from Thompsons were a form of golden ticket to not only legally interesting cases but ones that made real differences to people’s lives.

    To just pick two examples of cases that will always stay with me – Mick Antoniw, then a partner in the Cardiff office, now an Member of the Senedd and former Counsel General of Wales, instructed me to work with him on a tragic case of a 17 year old, Daniel Dennis, who on his very first day of work was sent up to work on a roof of a warehouse in Cwmbran without training or safety equipment. Daniel fell to his death and Thompsons worked tirelessly to ensure justice for his family, overcoming a deeply disappointing and unfair inquest result, successfully judicially reviewing a CPS decision not to prosecute his employer leading eventually to his conviction for manslaughter of that employer. Working in partnership with a bereaved family, Thompsons took on the company, took on the coronial system, took on the CPS in a successful fight for justice and it was a privilege to be part of it.

    In another case, I was instructed by Thompsons to represent the family of a young council workers, Ryan Preece and Robert Simpson, who had been sent down into the sewers in Crymlyn Burrows near Swansea to unblock drains only to be overcome and killed by fumes. A long inquest and subsequent civil claims including a group action showed that the cause of death was exposure to a covered-up spill from a nearby chemical factory – a coroner’s jury after many days returned an unlawful killing verdict and the company were forced to pay compensation, and Local Authority employers pleaded guilty to offences under the Health & Safety Act. It was a long, hard legal battle fought for the seemingly powerless against large vested interests who at one stage would have appeared invincible – the type of work for which Thompsons is famed and no doubt of which Harry Thomspon would have been proud. This was in the late 1990’s and I was instructed by a young, brilliant and utterly committed solicitor at Thompsons by the name of Jo Stevens, now a cabinet colleague and Secretary of State for Wales – applying those same qualities in her new job to the benefit of all of us.

    Enough of the reminiscing – let me turn to the substance of tonight’s talk.

    The Employment Rights Bill –

    As we know all too well, more than four million people in the UK are in precarious employment, with over one million employed on zero-hours contracts. Millions more lack access to proper sick pay schemes, leaving them vulnerable and unsupported in times of need.

    Wage growth under the previous government was worse than any other period since the 1920s. This stagnation has had a profound impact on our collective living standards, making it harder for working families to make ends meet.

    The government is now taking significant steps to address these issues through the introduction of new workers’ rights laws via the Employment Rights Bill, as I said, currently being debated in Parliament.

    This plan to make people’s lives less precarious, by making work pay, was developed in collaboration with both unions and business and as our Deputy Prime Minister Angela Rayner said, on the Bill’s introduction, this is the biggest upgrade to rights at work for a generation, boosting pay and productivity with employment laws fit for a modern economy.

    It is a long, hugely ambitious Bill whose impact reaches across many aspects of working life and working conditions, so I will not dwell on every aspect but allow me to highlight some particular measures:

    As an aside, time and time again, there are some people saying we aren’t doing anything to help real people. As I was typing away at this speech, I reminded myself of how excellent this Bill is.

    First are a raft of measures designed to provide far greater guarantees for working people – addressing the scourge of the lack of security that so many in our society feel from zero hours contracts, lack of guaranteed hours, lack of day-one rights etc, standards that most would consider reflect basic decency. The Bill will:

    • introduce new rights to guaranteed hours, reasonable notice of shifts and compensation payments for shift cancellation, and for movement and curtailment at short notice for those on zero and other specified contracts
    • provide a right to request flexible working, remove the waiting period and lower earnings limit which apply in relation to statutory sick pay and strengthen protections in relation to tips and gratuities.

    Second the Bill will address the economic inequalities faced by women at work, manifested through higher levels of poverty and lack of financial independence, which evidence shows are linked to another area of government priority namely addressing violence against women and girls.

    The Bill:

    • provides a right to parental leave from day one of employment. It introduces provisions to require employers to take all reasonable steps to prevent sexual harassment at work and to prevent harassment at work by third parties.
    • It’ll make sure whistleblowing protections are extended to apply to disclosures relating to sexual harassment.
    • It introduces workplace support for women going through menopause

    Third, the Bill will modernise trade union legislation giving trade unions greater freedom to organise, represent and negotiate on behalf of their workers. This includes:

    • Repealing the Strikes (Minimum Service Levels) Act 2023, a punitive piece of legislation that set trade unionists’ rights back decades.
    • Strengthening trade unions’ right of access, including providing for digital access, allowing unions to operate more effectively.
    • Simplifying the trade union recognition process, including providing better access arrangements for unions and dealing more effectively with unfair practices.
    • Introducing new rights and protections for trade unions representatives.
    • And finally introducing a duty for employers to inform workers of their right to join a trade union. This is vital, because employers should not withhold information from workers that grants them greater protection- which joining a union does

    Fourth, is a point of critical importance – though under-reported – is the focus on enforcement of these new rights. The Bill will establish the Fair Work Agency, which will bring together the enforcement of domestic agency rules, the National Minimum Wage, licensing of gangmasters, and action against serious labour exploitation. It will also take on additional functions such as the enforcement of holiday pay. Its new powers will allow it to investigate, inspect and take action against businesses that are flouting the law. These include powers to investigate a wider range of cases of labour abuse, issue penalties, and bring cases to the employment tribunal on the behalf of workers.

    If delivered in full, this bill will benefit over 10 million workers, including many on low incomes. This is not just about improving individual lives; it’s about creating a fairer, more just society where all of us has the opportunity to thrive, and the privately powerful cannot exploit the vulnerable.

    The reaction to the Bill has been for the most part extremely positive. YouGov polling showed that 68% of the country were in favour of banning zero hours contract, 65% want to see the right to work flexible hours expanded and 62% are in favour of employment protections from day one. The reaction from business was also supportive – for example the Chief Executive of Centrica said this: “This isn’t just the right thing to do – its a foundation for the high growth, high skill economy the UK needs. While no one business has all the answers, our experience [at Centrica] show that our business thrives when our people thrive – so stronger rights for workers means stronger businesses, and that’s a win for everyone.”

    The Pushback

    Yet – although this Bill is self-evidently for the benefit of millions of working people, the reaction to it in some quarters has taken an often apocalyptic/feverish tone.

    A recent newspaper headline trivialised the significance of this Bill in ordinary workers’ lives, declaring that the Government believes a “Pub ‘banter ban’ is needed so anxious staff can feel safe at work […] and warned it could let workers ‘sue employers for hurt feelings’.”

    This, it turns out, refers to the Bill’s requirement that employers to take all reasonable steps to prevent harassment of their staff by third parties.

    An opposition peer claimed that the “Workers’ rights bill will bring back ‘chaos of the 1970s’.” The Institute for Economic Affairs says that the Bill would stifle economic growth while hurting the very workers the Bill intends to protect. This is scaremongering, again seeking to distract from the benefits that workers stand to gain.

    There has been some concern about the costs involved and of course I recognise that is entirely legitimate for business leaders to seek detail on what changes mean for them.

    But the answer to this, as very many businesses big and small appreciate, is that improving worker well-being, reducing workplace conflict, and creating a more level playing field for good employers has the effect of increasing productivity – and we consider will lead to benefits worth billions of pounds a year. To give an insight on this, the Bill as I have described seeks to make work a safer and better place of work for women – obviously vitally important in itself but with huge potential impact on our growth agenda in the context of evidence showing that an increase in employment of women by 5% adds £125billion a year to the economy. That type of benefit is why as TUC research shows there’s strong backing among managers for better workers’ rights – a clear majority believe they will improve workforce retention, profits and productivity.

    But despite the values in this Bill, despite the evidence of positive impact on working people’s lives and on productivity –– there are those on the opposite benches in parliament who continue to claim that the Bill will be a drag on the economy.

    Then: resisting progressive legislation

    As a history graduate, I have a natural bias in believing that contemporary problems benefit from analysis in their historical context. Here, it is not simply interesting but instructive to see how the current criticisms of the Bill mirror attacks on earlier reforms to the improve the lives of working people. That is because it demonstrates that not simply were past reforms not nearly as damaging as the doomsayers predicted, not simply did they markedly improve the lives of millions of working people, but they were actually stimulants rather than drags on the economy.

    The history of social reform, legislation aiming to give ordinary people the most basic of rights, is littered with examples of doomsaying – that they would crash the economy or give rise to any number of social ills. Criticism in almost exactly the same terms as today and equally as misplaced.

    Let me start with an Act that predates the formation of the Labour Party, indeed was passed by the conservative government of Lord Salisbury, namely the Workmen’s Compensation Act 1897 a landmark British law that established the principle of employer liability for workplace injuries irrespective of fault and mandated insurance in place to pay for compensation.

    The 1897 Act covered industrial workers, including those in railways, mining, quarrying, factory work, and laundry work – work in which safety standards were minimal and the rate of injuries high – at a time in which injured workers and their families had no meaningful support from the state – indeed it was still 30 years still before the abolition of the poor house .

    And yet, the introduction of the legislation met opposition painting a dystopian picture of the consequences of compensating workers irrespective of fault – in particular an argument was advanced that it would lead to a massive drop in production because it was feared workers would deliberately chose to injure themselves in order to receive compensation. The Mining Association particularly objected to being, in their own words ‘selected for an experiment in legislation of the most novel and revolutionary character’.

    The argument made by one Geoffrey Drage MP, to understand the level of outrage in the House of Commons. Drage was a former secretary of the Royal Commission on Labour Relations and in the parliamentary debate listed issues that had arisen when a similar bill was passed in German. In short, Drage believed that to give a right of compensation would lead to endless false claims from workers and the massive reduction in productivity – in other words, workers were simply not to be trusted with basic rights.

    First, Drage said there had been “a remarkable increase in the number of industrial accidents in Germany” as “the working men showed increased carelessness, and, what was far more serious, an amount of negligence and malingering hitherto absent”.

    Second, he argued that “The workman in Germany had shown no scruples in preying on the [insurance] funds.” Drage suggested these new insurance schemes created an “extreme resentment” amongst the working classes if there were any delays or refusals for payouts, and in a lie echoed by the IEA today that “in the long run, the expense would be borne by the working classes, either as wage-earners, or as consumers, or as taxpayers.”

    Finally, Drage warned “that employers would not subscribe to charitable purposes so liberally as before” and that “a scheme of this kind would press heavily on the small employer, who was gradually being crushed out of existence.”

    In summary, the London Evening News (11/05/1897) recorded Geoffrey Drage’s views as denouncing the Bill “as a measure destructive of social peace in the industrial world.” All of this, scaremongering and hyperbole in response to the proposal that injured workers should have a right to compensation in an economy with no social safety nets beyond the Poor House.

    The Trade Boards Act 1909 represented a state-driven effort to control low pay, the first for virtually a century. It is a fitting Act to recall on VE day because it was introduced by the then President of the Board of Trade, Winston Churchill who when introducing the Bill said “it is a serious national evil that any class of His Majesty’s subjects should receive less than a living wage in return for their utmost exertions”. That’s 1909. The Bill established trade boards with the authority to set legally enforceable minimum wages.

    These boards consisted of representatives from workers, employers, and appointed government members – somewhat revolutionary when one considers that the Act came into force only a few decades after collective bargaining and strike action were finally decriminalised.

    So trenchant was the criticism of the Boards and the introduction of a power to set minimum wages that the Government set up the Cave Commission at which some employers argued that the Boards were the source of huge economic damage – as the Labour MP Rhys Davies noted in the House the arguments were akin to those where employers in the cotton mills of Lancashire used to say, nearly a century ago, that if you took away children of eight and ten years of age from the textile industry, that industry could not possibly be carried on at a profit, and the statements made by employers, particularly in the distributing and allied domestic trades, before this Cave Commission, are just of that type which are made from age to age by bad employers in all parts of the world

    By way of aside, then, as now, immigrants received much of the blame for stifling economic opportunities for domestic workers. In what was not, I suggest a high point for a trade union leader, John Burnett’s report on London’s East End, stated that Jewish immigrants, through their competition for work, reduced native labour to the verge of destitution. I pause to reflect that very few contemporary political moments do not have political and historical resonance.

    More surprising still for contemporary tastes is the opposition mounted to the Equal Pay Act 1970, ground-breaking legislation that I am sure for many of us here will be forever associated by the late, great Labour giant, Barbara Castle.

    It came into full effect in 1975, laying the groundwork for further advancements in gender equality and a precursor to the more comprehensive Equality Act 2010. The notion that women should receive equal rights in the workplace was not simply opposed by many, but was portrayed as a threat to very existence of ordered society.

    I quote directly from Martin Maddan MP in the Commons:

    If we invest highly in the training of all women, will there then be pressure on those women to continue their careers rather than to have children?” … “There is evidence that working mothers, especially those working full-time, may become less sensitive to the emotional and psychological, as well as the physical, needs of their children… Today’’s grandmothers are used to looking after children all day. What will be the position with tomorrow’’s grannies who have not devoted themselves to looking after children?

    Similarly, the implementation of minimum wage legislation in the 1990s was fiercely contested by employers who predicted economic ruin and job losses.

    A choice headline from the Daily Express in May 1998 shouted:

    Bosses wage war” – Jobs will be lost if a national minimum wage is brought in, bosses warned yesterday. Small firms groups said staff in pubs, petrol stations and the textile industry would face lay-offs. Industry chiefs and Tory MPs also warned that the figure of £3.60 an hour, proposed by the Low Pay Commission, could stoke inflation.

    The CBI argued until 1995 that a minimum wage – even if low – would create major problems for wage structures in a wide range of companies and destroy opportunities. That hasn’t aged well.

    [Redacted political content]

    So, despite dire warnings, the minimum wage has proven to be a success, raising living standards without the predicted negative impacts on employment. And it was a great moment last month to be part of a Government where we were able to raise the national minimum wage by £1,400 a year for a full-time eligible worker and a record cash increase for young workers and apprentices.

    Takeaways

    This is no more than a light touch review that can never aspire to even begin to do justice to the two hundred plus years of the modern struggle to establish basic labour rights in this country, the right to a union, the right to collective bargaining, the right to fair wages, the right to be safe in the workplace, the right not to be discriminated against in the workplace – and indeed the associated struggles to create, through law, the welfare state to support those unable to work through reasons of injury, infirmity, age or in times of economic hardship. At each turn these have been opposed, as now, by forces that sought to paint them, as existential threats to the economy and or our way of life, developments now accepted as having been of enormous benefit to the wealth as well as health of the nation.

    Let me then turn to this history of success in face of fierce opposition and seek to draw out five observations about the nature of law in the protection of working people, about the role of lawyers and finally to outline the political moral underpinnings of what the current Bill represents in the context of what has come before it.

    My first observation is how law, specifically in the form of legislation can radically change for the better what we as a society consider to be acceptable behaviour – it lifts us up and sets standards. Of course, there will always be a wide variety of reason why societal attitudes change over time but legislation is most certainly capable of playing its role. Here the struggles of the trade union movement, realised in the last 100 years most materially by Labour governments, has been to legislate in order to entrench into society standards of behaviour that at the time may have seen radical, indeed revolutionary but shortly thereafter were accepted as little more basic rights.

    The coming into force of these laws has of itself helped inform and change societies conception of what is right and what is wrong in the workplace. In the classroom this would be defined as a normative theory of law – how legal frameworks help set standards – it’s real world application has led to a fundamental change about how we perceive the nature of work and the value we attach to labour and the protections that working people must be afforded as part of their rights.

    My second observation is how this system of laws has brought enormous practical benefits to ordinary working people – drastically improving the quality of life for millions.

    It is at once inspiring and instructive to remind ourselves of the breadth of the ambition of those who brought in these fundamental transformations – the changes wrought by Unions, politicians and campaigners from fighting for the rights of their members, to ensure that people earned enough for their labour to live in dignity, to ensure equality in the workplace, to ensure that that workplaces were safe – these are measures that have had a profoundly positive impact on the quality of life for millions.

    To give one example, The Health and Safety at Work Act 1974, was brought in the wake of the Aberfan disaster, introduced by Michael Foot. It’s success can be measured in a very simple metric, namely the lives and limbs saved: since 1974 occupational deaths and injuries have decreased by over 75%. Considering economic and occupational changes, fatalities at work have declined from 2.9 per 100,000 workers in 1974 to 0.42 per 100,000 workers in 2023-24. The simple fact is that legislation saved lives, limbs, sight and hearing.

    Of course there will always be push back – there will be those who argue that health and safety laws place an unnecessary burden on the economy. Yet, having acted for victims of the Grenfell Tower disaster I was struck how what seemed like a growing trend amongst some sectors of society to mock and ridicule ‘health & safety’ came to an abrupt stop on the night of 14 June 2017. It provides a cruel, stark but unanswerable example of the importance of compliance with health and safety laws and its measured by the converse – the tragic consequences measured in human life when we do not.

    My third observation is the essential role played by lawyers such as Thompsons and many others in the enforcement of this legislative framework and the work that they do to ensure accountability for victims of violations of those laws. A good legal framework is only half the battle – without legal professionals dedicated to ensuring through public law that laws are upheld and rights defended, without legal professionals ensuring through private law that those injured by failures to comply with obligations are adequately compensated then those laws risk becoming ineffective. A right without a remedy is no right at all – and the essential job of labour lawyers, employment lawyers and personal injury lawyers for generations has been to ensure that working people’s hard won legislative gains are capable of vindication and a determined effort to ensure that common law keeps step – the work of these lawyers is an essential part of the system.

    My fourth observation draws from the history of the struggle to secure rights for working people and the determination to deliver notwithstanding the opposition faced. That spirit of determination, to effect real positive change in the lives of millions of people in this country, is what drives this Government to place the Employment Rights Bill at the centre of our agenda of change. Of course we want to make the Bill as good as possible, of course we are not as arrogant to think that every criticism of the Bill during its passage through Parliament has to be dismissed out of hand – but nobody should underestimate on our single minded determination to deliver, borne out of a belief that the changes we seek to bring about will make a real difference to the lives of those we serve.

    None of this I stress should be taken in any sense as being anti-business. To the contrary, under Keir gone are the days in which there was a binary choice between labour and business.

    I passionately believe that good employers recognise, even as matter of enlightened self-interest, that laws which protect the fundamental rights of their workforce are a source of good and lead to greater not less economic productivity. Similarly, I think it is well understood in the labour movement that this country needs an environment in which business flourish, our economy grows and investment flows. Thus we are advancing this package of ambitious change in the Bill at the same time as, and complimentary to, the ongoing work of Rachel Reeves and Jonny Reynolds to boost economic growth and attract investment – in a week we got two trade deals and a Bank of England cut in interest rates. The country has an incredible offer to investors – we are a stable democracy at a time of global uncertainty, we have one of the most advanced economies in the world and are well placed to lead in a changing world not least in AI and green technology, whilst at the same time, as our intervention in Scunthorpe demonstrated, a will not hesitate to act to protect vital parts of our infrastructure.

    A workforce whose fundamental rights are protected by law is a boon to an economy – an economy in which people feel valued, in which legal protections reflect the values in which they are held, is far more likely to be a strong and resilient economy.

    My fifth and final observation is to reflect upon the motivation and principles that lie behind our determination to introduce this Bill which brings me back to the central importance for this Government of the fundamental right to security for the people of this country. The measures are of course about securing increased justice and equality in the workplace but underlying this is a profound belief in the dignity of every human being and an understanding that the role of the State is to ensure that each person is accorded dignity in all aspects of their lives, including where necessary by regulating private power, not least in the realm of employment.

    Our belief in the dignity of each person is also mirrored in our anger at how so many are mistreated in the workplace disdainfully, patronisingly, without respect, belittled and bullied. This belief in the dignity of all drives our determination to ensure that every person is afforded the opportunity to work, that we have the opportunity to realise our potential at work, that we are employed in decent, safe workplaces, that we are protected from exploitation and discrimination and that we are paid a fair wage. We go further – this Bill is designed to empower people to flourish in our workplaces. It recognises that the workplace is one of the most important domains in British citizens’ lives, where we will spend most of our time, and we should be able to flourish in this setting as we do with our families and in our communities.

    The promotion and protection of the dignity of all of us lies at the heart of what the labour and trade union movement fought for decade upon decade.

    As the ILO Constitution puts it, we have “a right to pursue our material well being and spiritual development in conditions of freedom and dignity, of economic security and equal opportunity.”

    [Redacted political content]

    So, to draw all these points together–- A belief in the dignity of all, a commitment to giving practical effect to the human right to security, a sense of boiling anger when those around us are not treated with dignity and respect – and a steely determination to do something about it.

    These are the qualities that no doubt inspired Harry Thompson to create this great firm, that inspired the Trade Union and labour movement to effect fundamental change in society and will continue to be a guiding force for this Labour government, this government of service, in creating the change that this country needs.

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

    May 10, 2025
  • MIL-OSI USA: CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of New York against Dean S. Dellas of Syracuse, New York, and his investment advisory company, DSD Capital Management, LLC, for fraud and misappropriation. 
    In its complaint, the CFTC seeks restitution, disgorgement of ill-gotten gains, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act, as charged.
    Case Background
    The complaint alleges Dellas and DSD Capital acted as commodity trading advisors who, from at least February 2021 through November 2023, committed fraud through material misrepresentations and omissions and misappropriation of more than $690,000 from at least two clients — a 61-year-old man (Client A) and his 91-year-old mother (Client B) — who had entrusted the defendants to manage their entire lifesavings. 
    The complaint alleges the defendants, who had complete authority over Client A’s accounts, entered into tens of thousands of futures transactions without warning him of the inherent risks. These trades incurred more than $169,000 in trading losses and commissions. The defendants concealed these losses and commissions from Client A, assuring him his accounts were doing well. Although the defendants agreed and represented they would only charge fees equating to 10% of profits, they took considerably more than they were entitled. Indeed, despite the significant losses Client A had suffered, the defendants misappropriated more than $235,000 from Client A by secretly transferring to themselves large sums of Client A’s money and fraudulently charging excessive, unjustified fees.
    The complaint also alleges after succeeding in defrauding Client A, the defendants expanded their fraud to Client A’s elderly mother, Client B. Without her knowledge, the defendants bought or sold futures contracts through Client B’s account tens of thousands of times, causing her to incur more than $196,000 in trading losses and commissions. The defendants actively concealed these losses from Client B and misappropriated more than $459,000 from her by transferring to themselves large sums of her money and fraudulently charging fees that were excessive and unjustified given the defendants’ promise to only charge fees equating to 10% of profits.
    According to the complaint, to keep their fraud ongoing, the defendants took various steps to conceal and obfuscate their conduct. Among other things, Dellas concealed the substance of documents he directed Clients A and B to sign and impersonated them in dealings with futures commission merchants.   
    Parallel Criminal Action
    On May 6, the U.S. Attorney’s Office for the Northern District of New York unsealed an indictment charging Dean Dellas with wire fraud and aggravated identity theft in connection with the same scheme alleged in the CFTC’s complaint. United States v. Dellas, No. 5:25-cr-184 (N.D.N.Y.), ECF No. 1 (indictment).
    The CFTC appreciates the assistance of the FBI and the U.S. Attorney’s Office for the Northern District of New York.
    The Division of Enforcement staff responsible for this case are Chrystal Gonnella, Dmitriy Vilenskiy, Derek S. Hammond, Jonah E. McCarthy, A. Daniell Ullman II, and Paul G. Hayeck.
    CFTC Fraud Advisories
    The CFTC has issued several customer protection Fraud Advisories and Articles about how customers can detect, avoid, and report scams.
    The CFTC also strongly urges the public to verify a company’s registration with the CFTC at NFA BASIC before committing funds. If unregistered, a customer should be wary of providing funds to that entity.
    Suspicious activities or information, such as possible violations of commodity trading laws, can be reported to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382) or file a tip or complaint online or contact the Whistleblower Office. Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected, paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: Information Relating to the Total Number Ofvoting Rights and Shares Forming the Share Capital

    Source: GlobeNewswire (MIL-OSI)

    Bernin, on May 9, 2025

    INFORMATION RELATING TO THE TOTAL NUMBER
    OF VOTING RIGHTS AND SHARES
    FORMING THE SHARE CAPITAL

    (Article L. 233-8 II of the French Commercial Code
    and article 223-16 of the General Regulation of the French financial markets authority (AMF))

    Corporate name and address of the company: SOITEC
    Parc Technologique des Fontaines – Chemin des Franques
    38190 Bernin (FRANCE)

    Statement date Total number of shares forming the share capital Total number of voting rights
    04/30/2025 35,727,041(1) Number of theoretical (gross) voting rights (2): 45,641,678
    Number of exercisable (net) voting rights (3): 45,568,545
    1. 35,727,041 ordinary shares of €2.00 par value each, listed on the Euronext Paris regulated market under ISIN code FR0013227113 and the mnemonic “SOI”.
    1. The total number of theoretical voting rights (or “gross” voting rights) is used as the basis for calculating the crossing of shareholding thresholds. In accordance with article 223-11 of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), this number is calculated on the basis of all shares to which single or double voting rights are attached, including shares without voting rights (for example, treasury shares, liquidity contract, etc.).
    1. The total number of exercisable voting rights (or “net” voting rights) is calculated after taking into account the number of shares entitled to double voting rights, and after deduction of the shares without voting rights (for example, treasury shares, liquidity contract, etc.).

    #  #  #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information visit our Website and follow us on LinkedIn and X 

    #  #  #

    Attachment

    • DDV April 2025 EN

    The MIL Network –

    May 10, 2025
  • MIL-OSI: QUADIENT:

    Source: GlobeNewswire (MIL-OSI)

    Monthly information on number of shares and voting rights
    of Quadient S.A.

    In accordance with article 223.11 of Autorité des Marchés Financiers’
    (French Securities and Investment board) General Regulations

    Ordinary shares – ISIN: FR0000120560

      As at 30 April 2025
    Total number of shares 34,468,912
    Theoretical total number of voting rights 34,468,912
    Net total number of voting rights 33,723,546

    For more information, please contact:

    Or visit our website: https://invest.quadient.com/

    Attachment

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Standard Bots Expands Production Facility and Unveils New 30kg Payload Robot

    Source: GlobeNewswire (MIL-OSI)

    GLEN COVE, N.Y., May 09, 2025 (GLOBE NEWSWIRE) — Standard Bots, a fast-growing American robotics company, has launched an expanded production facility in Glen Cove, New York, this month. The new 16,000-square-foot factory doubles the size of its previous Long Island location, cementing Standard Bots’ status as one of the few companies manufacturing robots at scale in the United States. This expansion aligns with the company’s unveiling of a new 30kg payload, 2m reach robot at The Automate Show, showcasing its commitment to advancing automation technology.

    “This new facility marks a pivotal moment for Standard Bots as we scale to meet growing demand for American-made robotics,” said Evan Beard, Co-Founder & CEO of Standard Bots. “We’re thrilled to debut both our expanded factory and our latest innovations at Automate.”

    At The Automate Show, Standard Bots will demonstrate its in-house-developed physical AI, a groundbreaking technology designed specifically for its robots and powered by the NVIDIA Isaac platform. This AI enables users to teach robots tasks through demonstration, eliminating the need for traditional coding or programming. Then users can annotate and augment their demonstration data through NVIDIA Isaac Sim, a reference application built on NVIDIA Omniverse for rapid deployment. Having undergone extensive private beta testing, this end-to-end model will be released to a broader audience in 2025, promising to simplify automation for thousands of complex processes previously out of reach through conventional robotics. Alongside this, the company will unveil its new 30kg payload, 2m reach robot. This model combines collaborative features—such as a compact footprint, user-friendly programming, and advanced safety—with robust specifications suited for heavy-duty tooling and large workpieces, a combination highly valued across industries like automotive, aerospace, and logistics. Notably, Standard Bots offers this American-built robot at a more competitive price than its rivals, strengthening its market position.

    The robotics industry is poised for significant growth, with the International Federation of Robotics reporting that global robot installations in manufacturing rose by 31% in 2022 alone. “Robotics has been the unlock for the repatriation of manufacturing, but the potential has been hindered by two major barriers: cost and flexibility,” said Quentin Clark, Managing Director of General Catalyst. “We look forward to supporting Standard Bots and seeing how their technology will open up new possibilities for robotics across American manufacturing.”

    Standard Bots invites the public to celebrate this milestone at a grand opening event on June 12 at the new Glen Cove facility. Interested attendees can contact Alex Thesken at alex@standardbots.com for more details or to RSVP.

    About Standard Bots
    Standard Bots is a leading American robot manufacturer dedicated to making robots simple so humans can do more. Headquartered in Glen Cove, NY, Standard Bots designs and assembles industrial robots in the USA that are bolstered by programming software and AI training models developed in-house to provide a robust physical AI platform to the world. The company has received over $63M in funding led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next.

    Standard Bots is building the critical infrastructure for the robotics revolution, empowering every business to shape the future of work.

    Media Contact
    Alex Thesken
    Marketing Manager, Standard Bots
    (513) 330-4748
    alex@standardbots.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI Global: The Book of Records by Madeleine Thien: a sobering meditation on the human condition

    Source: The Conversation – UK – By Manjeet Ridon, Associate Dean International, Faculty of Arts, Design & Humanities, De Montfort University

    The Book of Records by Madeleine Thien intricately blends historical and speculative fiction to tackle contemporary global issues. It explores migration, the refugee crisis, identity politics and cultural conflict.

    At the heart of the novel is Lina, a young girl who escapes her homeland with her ill father. She finds herself in a mysterious, shape-shifting place known only as “the Sea”. This ambiguous setting, likened to a temporary shelter or refugee camp, serves as a metaphor for statelessness, displacement and a loss of identity. The Sea’s geography is deliberately unclear – as is Lina’s origin, her homeland and the fate of the rest of her family. This emphasises the book’s themes of rootlessness and exile.

    Lina arrives in the Sea as a child and remains there into her late 50s, bound by her loyalty to her ailing father. She lives in limbo, experiencing the heartache of her mother and brother’s absence and haunted by her family’s fragmentation.

    Lina’s life becomes one of stillness and minimalism, revolving around caring for her father. She finds solace in the few items she brought with her, notably three volumes from The Great Voyagers encyclopaedia. She becomes obsessed with these books, reading them repeatedly until she has memorised them. They come to shape her intellectual and emotional world.


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    These volumes also form the intellectual structure of the novel. In her mind, they are personified as three characters – Blucher, Bento and Jupiter. Each represents a distinct philosophical perspective and embodies historical figures from different periods and places, including Europe and Asia. They, like Lina, are portrayed as refugees living in the Sea. They appear across different stages of her life – adolescence, adulthood and old age – offering guidance and companionship.

    Blucher is modelled after Hannah Arendt, the German-American philosopher and historian who escaped Nazi persecution. Through her, the novel explores themes of dehumanisation and survival under oppressive regimes.

    Bento’s character represents the figure of Baruch Spinoza, the 17th-century Portuguese-Jewish philosopher. He was excommunicated from his Amsterdam community due to his radical and rationalist views of religion, reason and freedom. From him, Lina learns about the cost of intellectual and moral independence.

    Jupiter resembles the Chinese poet Du Fu, who suffered political and personal turmoil due to his criticism of the state during the Tang dynasty (AD618 to 907). His story conveys the risks of speaking truth to power and the ethical sacrifices such acts may demand.

    Through interactions with these three, Lina gains insights into resilience, suffering, and the philosophical implications of exile and survival.

    Author Madeleine Thien was a finalist for the Booker Prize in 2016.
    Wiki Commons, CC BY-SA

    Blucher teaches her about the psychological strategies used by Holocaust survivors, including the detachment of self from suffering. Bento’s story reveals the loneliness of ideological estrangement and the commitment required to uphold your beliefs against societal rejection. Jupiter imparts the painful consequences of challenging authority, and how artistic and political expression often come at great personal cost.

    Enduring and resisting

    While the novel is set in a speculative future, its most potent and emotionally resonant passages are grounded in the historical experiences of Blucher, Bento and Jupiter.

    Lina’s story is less compelling and comparatively more subdued. It serves as a lens through which the reader reflects on a dystopian world shaped by today’s challenges – rising nationalism, populism and polarisation, and environmental collapse. Her story symbolises the psychological toll of prolonged displacement and the quiet endurance of everyday life under extraordinary pressures.

    Ultimately, The Book of Records is a sobering meditation on the human condition in times of crises. It critiques historical cycles of oppression while illustrating how people retain dignity, compassion, and philosophical depth in the face of adversity.

    Lina’s companionship with Blucher, Bento and Jupiter becomes a testament to how survival is not merely about endurance, but about how we preserve and interpret our values. The novel emphasises that even amid chaos, acts of kindness, understanding and intellectual inquiry remain vital forms of resistance.

    Manjeet Ridon 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 Book of Records by Madeleine Thien: a sobering meditation on the human condition – https://theconversation.com/the-book-of-records-by-madeleine-thien-a-sobering-meditation-on-the-human-condition-255162

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI Global: Palestinian literature: a rich literary heritage from a nation in exile

    Source: The Conversation – UK – By Heather Laird, Senior Lecturer in the School of English and Digital Humanities, University College Cork

    Palestinian literature is unique. It stands apart for its ability to capture a nation’s identity in exile – shaped not by borders, but by memory, resistance and longing.

    The settings of modern Palestinian literature include Israel, the occupied territories, countries more broadly in the Middle East, and locations further afield. Four notable writers are particularly worth exploring: Emile Habibi, Ghassan Kanafani (now both dead) and more recent authors, Isabella Hammad and Anwar Hamed.


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    Emile Habibi.
    Théodore Brauner / Wikipedia, CC BY

    Emile Habibi (1922-96) was one of about 150,000 Palestinian Arabs who remained in the territory that became Israel in 1948. He started writing in his mid-40s in response to a claim by an Israeli politician that Palestinians no longer existed in Israel, because if they did, they would have their own literature.

    In his novel, The Secret Life of Saeed: The Pessoptimist (1974), the central character flees to Lebanon in 1948, but soon afterwards is allowed to return home on the understanding that he will become an informant for Israeli intelligence. Despite his cooperation with the state of Israel, Saeed is beaten and imprisoned, finally learning from a fellow prisoner that his Palestinian identity is worthy of respect.

    Ghassan Kanafani (1936-72) was one of approximately 750,000 Palestinians who were expelled from or fled Mandatory Palestine in 1948. A political thinker, journalist and revolutionary, his writings documented the horrors of war and occupation, and include Men in the Sun (1962), a short novel that features three Palestinian men who have been living for ten years in refugee camps in Iraq and are now attempting a dangerous desert journey to Kuwait.

    Isabella Hammad (1992-) was born in London and raised by a British-Irish mother and a Palestinian father. Unlike Habibi and Kanafini, whose literary works were published initially in Arabic, Hammad writes in English. Her 2024 novel, Enter Ghost, imagines a production of Shakespeare’s Hamlet in the West Bank. Its central character is a London-based actress who grew up in Israel as a Palestinian Arab and becomes involved in the Hamlet production while visiting her sister in Israel.

    Though featuring disparate settings, Palestinian literature is linked by recurring motifs. Olive trees and keys, in particular, hold resonance in Palestinian culture. Many Palestinians kept the keys to their houses when they fled or were forced from Mandatory Palestine in 1948. These keys became symbols of loss of home and hope of return.

    Palestinian identification with olive trees is grounded in the economic importance of olives for generations of Palestinian farmers. In the context of exile, the olive tree is emblematic of a long-standing connection to the land, adding specificity to a more generalised yearning for home.

    In Kanafani’s Men in the Sun, the oldest Palestinian refugee reminisces about the olive trees he once owned, with his current lack of income leaving him no option but to set out on the hazardous journey to Kuwait where Palestinians are finding work as labourers in the oil fields.

    The haunting of the present by the past is another common concern of Palestinian literature. In Habibi’s The Pessoptimist, the protagonist is confronted by “ghost-like” figures who ask if he has met anyone from their razed villages while journeying to Israel. This prompts him to reflect on his encounter with a woman attempting to return home and on the military governor who subsequently re-banished her and then watched in surprise as she grew bigger rather than smaller while walking away.

    Another of Habibi’s literary works, a short story titled The Odds-and-Ends Woman (1968), mentions the “roving spirits” who, after an absence of 20 years, are making the journey from “the Gaza Strip, the West Bank, Amman, even as far as Kuwait” to Israel in the hope of briefly seeing their former homes. In Hammad’s Enter Ghost, Palestinian characters discuss at length the relevance of Hamlet’s dead father to Shakespeare’s play.

    Many works of Palestinian literature employ a serious tone when providing insight into the harsh realities of life for post-1948 Palestinians. Kanafani’s Men in the Sun, for example, is notable for its gritty naturalistic descriptions.

    But Palestinian literature is more varied in tone and genre than might be expected. It also includes writings, such as Habibi’s The Pessoptimist, that employ humour to explore the circumstances of post-1948 Palestinians. And, more recently, Anwar Hamed (1957-) has applied a science-fiction sensibility to established motifs in Palestinian literature.

    Hamed’s short story, The Key (2019), is set in 2048 in an Israel protected by a high-tech “gravity wall” – an invisible barrier that is programmed to allow only those who have the “key” embedded in their microchips to enter and exit.

    The central character is an Israeli whose grandfather collected pictures of exiled Palestinians “clutching rusty keys to houses that no longer existed”. These photographs scared him “more than any arms deal being signed by neighbouring countries”, given the persistent “stubbornness” they revealed. The gravity wall has been designed for security purposes, but also to consign those rusty keys to the past.

    But while this wall seems impenetrable, the boundary between past and present is porous. The story’s central character lives a comfortable existence cushioned from “the chaos” beyond the wall. But then the ghostly sound of a key turning in the lock of his apartment door starts to wake him up at night.

    The first indication in the story that all Israelis are similarly affected is when the central character is informed that his doctor is inundated with requests for sleep medication. Unable to get an appointment, he decides to pay the doctor a visit outside of work hours.

    The story ends with the doctor blowing a hole in his own apartment door with his old service rifle, and possibly killing the central character in the process. The doctor’s irrational reasoning is that with no lock left for an intruder to insert a key, he can finally sleep.

    There are many reasons to read Palestinian literature. But chiefly, in innovative fictional ways, it gives voice to the challenging experience of belonging to a nation in exile.

    These writings are also a reminder that injustices, if left unaddressed, refuse to be consigned to the past.

    Heather Laird 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. Palestinian literature: a rich literary heritage from a nation in exile – https://theconversation.com/palestinian-literature-a-rich-literary-heritage-from-a-nation-in-exile-255322

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI Global: Gems supposedly buried with Buddha are to be sold at auction – it’s a symptom of Buddhism’s ongoing commercialisation

    Source: The Conversation – UK – By Lee Clarke, Lecturer in Philosophy, Nottingham Trent University

    Almost 2,000 years ago in modern-day Uttar Pradesh, India, someone deposited a cache of gems inside a reliquary (a container for holy relics), along with some bone fragments and ash. The gems were precious, but the bones and ash even more so, for according to an inscription on the reliquary, they belonged to Siddhartha Gautama, the Buddha.

    The Piprahwa gems were placed along with the Buddha’s bodily relics (śarīra) as an offering inside a stūpa (A Buddhist funerary structure that contains relics and acts as a place of pilgrimage). Such an offering is not only supposed to generate “merit” (puṇya) and hopefully a good rebirth for the devotee, but is also an act of devotion and gratitude to the Buddha.

    In 1898, a British land owner, William Claxton Peppé, ordered the excavation of that same stūpa on his land in colonial India and discovered the reliquary. The bodily relics were sent to the Buddhist king of Thailand, many of the gems went to the former Imperial Museum in Calcutta and Peppé was permitted to keep the rest.

    This latter portion was due to be put up for auction at Sotheby’s Hong Kong this month, just days before the Buddhist holy day of Vesak – and it has generated controversy. Not only has the sale been described as perpetuating colonial violence, but the Indian government demanded that auction house Sotheby’s halt the sale or it would seek legal action. Sotheby’s has complied, for now.


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    Peppé’s great-grandson, Chris Peppé, explained in an article for Sotheby’s: “From the time we received the Piprahwa gem relics, my cousins and I have sought to make them available for viewing by the public (ideally a Buddhist public) to see at no cost to the institution borrowing them.” This has resulted in the gems being displayed in museums around the world. The cousins also set up The Piprahwa Project website, which allows people to access all the research materials that they have gathered.

    Chris Peppé has said that he hopes that the sale will help people see to see the gems and connect with those that left them and the Buddha himself. His great-grandfather, he says, ordered the excavation to provide work for his tenant farmers.

    As a Buddhist and the grandson of an Anglo-Indian man myself, my past straddles this colonial divide more than most. Putting aside the ethical issues around excavating a sacred site in the first place, and the uncomfortable tie-in to other instances of colonial looting by the British in India, the truly extraordinary thing is that these gems were put up for sale at all.

    If they really were mixed together with the bodily relics of the Buddha, then these gems were in physical contact with them and intended to be paired with them for posterity. That means that, in a Buddhist context, there is no essential difference between the gems and the actual remains of the Buddha.

    The Sri Lankan historical chronicle The Mahāvaṃsa (written in the 5th or 6th-century AD) states that “if we behold the relics we behold the Conqueror”, aka Buddha. As art historians Conan Cheong and Ashley Thompson write in their recent journal paper on the topic: “At the very least, we can affirm that for many Buddhists, historically and today, these ‘gems’ are śarīra of the Buddha and as such are imbued with the Buddha’s living presence.”

    Buddha in the west

    Speaking to the Guardian after the auction was postponed Peppé said: “In light of the Indian government’s sudden interest in the gems, 25% of auction proceeds will be donated to the displaying of the main Kolkata collection of the Piprahwa gems for Buddhists and the larger public to enjoy. Another 25% will be donated to Buddhist institutions.” With regards to his and his two relatives’ right to sell the gems, he added: “Legally, the ownership is unchallenged.”

    As an expert in Buddhist philosophy, I believe that to put a price on something that possesses such a sacred status for millions of people worldwide is both disrespectful and morally objectionable.

    The sale is also not something I could ever imagine happening regarding objects linked with any other religious figure. If a piece of intact clothing, for example, was found to have been worn by Jesus, would this be put up for sale? Of course, it would be massively valuable, but any financial considerations would surely be outweighed by its religious importance for the world’s billions of Christians. Why should it be any different with Buddhist relics?

    Another phenomenon inadvertently revealed by the fact of the sale is the ongoing commercialisation of Buddhism in the west. To many westerners, the Buddha and Buddhism are increasingly viewed as commodities to be bought and sold.

    Cheaply made Buddha statues and Buddha-faced plant pots adorn the shelves of garden centres and are then used to decorate living rooms and gardens. Clothes, lamps, beach towels and even shoes embellished with images of the Buddha can be purchased easily. The Buddha is frequently regarded as an ornament or fashion item rather than a sacred figure in a manner that, again, is rarely done with any other religiously significant person.

    Buddhas are common garden decorations in the west – but it’s hard to imagine a Jesus-themed equivalent.
    Radek Havlicek/Shutterstock

    From all this, selling actual Buddhist relics is not a large step. As with the commodification of other religions in the west such as Hinduism and Islam, commercialisation always simultaneously involves decontextualisation. It is an example of what philosopher Sophia Rose Arjana in her book Buying Buddha, Selling Rumi (2020) terms “the religious marketplace”.

    As she writes: “Religions associated with the east – Hindu, Buddhism, Islam – are also commodified. Their symbols are marketed by entrepreneurs and corporations and then consumed by everyone from non-religious spiritualists to ambivalent mystical seekers.”

    Religious traditions, practices, images and artefacts must be stripped of their native contexts and sacred meaning. Through this auction, the Piprahwa gems are considered ancient jewels to be admired ascetically rather than religious relics.

    Given their importance to global history and our human story, the Buddha and Buddhism are worthy of a lot more respect than they are currently afforded. While Buddhism teaches that everything is impermanent, we are lucky enough to still possess treasures such as the Piprahwa gems, and we should value them – and learn from them – while we can.

    Lee Clarke 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. Gems supposedly buried with Buddha are to be sold at auction – it’s a symptom of Buddhism’s ongoing commercialisation – https://theconversation.com/gems-supposedly-buried-with-buddha-are-to-be-sold-at-auction-its-a-symptom-of-buddhisms-ongoing-commercialisation-256163

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI Global: Spit science: why saliva is a great way to detect disease

    Source: The Conversation – UK – By Genecy Calado de Melo, Lecturer in Operative and Primary Care Dentistry, RCSI University of Medicine and Health Sciences

    noriver/Shutterstock.com

    A few drops of saliva can now reveal what used to require a scalpel, a syringe or a scan.

    Scientists have developed ways to analyse spit for the tiniest traces of illness – from mouth cancer to diabetes, and even brain diseases like Alzheimer’s.

    Unlike blood tests or biopsies, saliva is easy to collect, painless and inexpensive. During the COVID pandemic, some countries used saliva-based testing for rapid screening.

    This isn’t entirely new. Scientists first noticed the diagnostic potential of spit decades ago. In the 1980s, researchers used saliva to detect hormones and drug use. By the 1990s, it was being explored as a way to detect HIV.

    What’s new is the speed and precision. Today’s techniques can detect subtle molecular shifts that would have been impossible to measure just a few years ago.

    Saliva holds a surprising amount of information. It’s full of tiny fragments of DNA, RNA, proteins and fats – many of which change when disease takes hold. Researchers have already shown that saliva can be used to detect changes linked to diabetes, Parkinson’s, heart disease and some cancers.

    A recent study even showed saliva could help distinguish between healthy people and those with mild cognitive impairment, a possible early sign of Alzheimer’s.

    In dentistry, spit science is being studied for early signs of gum disease and even the risk of tooth decay.

    A light-based technique called Raman spectroscopy is one of the latest tools being used to scan saliva for hidden chemical changes. It works by bouncing harmless light off molecules in a spit sample and reading the pattern it sends back – a kind of fingerprint for what’s happening inside your body.

    It sounds like science fiction, but the technology is already being used in labs to detect early signs of cancer and other diseases often before symptoms appear.

    This could be a gamechanger for oral cancer, which often starts with small, painless changes inside the mouth that are easy to miss. Early detection is vital, but many people don’t realise they have a problem until it’s much harder to treat.

    A simple spit test during a regular dental check-up could help find cancer early, before it spreads.

    It’s not just about cancer, either. Saliva is being trialled as a tool to monitor everything from stress levels to infections.

    Spit could monitor stress levels.
    ViDI Studio/Shutterstock

    Simplicity

    What makes saliva so appealing is its simplicity – no needles, no specialist clinics. Samples can often be collected at home, posted to a lab and analysed within hours. This could make a huge difference in places with limited access to healthcare or for people who avoid doctors out of fear, cost or time.

    Of course, not every disease leaves a clear marker in spit and researchers are still working out which conditions saliva can reliably detect. But the idea of using what’s already naturally produced by the body to give an early warning is a powerful one. It could help catch disease when it’s most treatable, save lives and make healthcare faster, cheaper and more comfortable for everyone.

    There’s still work to be done before spit tests become part of routine check-ups. Larger clinical trials are needed and researchers are still fine tuning the best ways to analyse and interpret the data. But the direction of travel is clear: the days of saliva being seen as just drool are over.

    Saliva may not seem glamorous, but thanks to the rise of spit science, it’s fast becoming one of the most promising tools in the fight against disease. A future where your dentist, doctor, or even you could spot health problems early with nothing more than simple spit.

    Genecy Calado de Melo received funding from Science without Borders – Brazil (2015).

    Cathy E. Richards 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. Spit science: why saliva is a great way to detect disease – https://theconversation.com/spit-science-why-saliva-is-a-great-way-to-detect-disease-255342

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI USA: Wasserman Schultz Leads Democrats in Amicus Brief to Supreme Court Backing TPS for Venezuelans

    Source: United States House of Representatives – Representative Debbie Wasserman Schultz (FL-23)

    “Amici, as members of Congress, are keenly aware of the critical role that separation of powers plays in our constitutional democracy as a means to safeguard against the concentration of power within a single government branch,” said the Members in the brief’s introduction and summary. “Separation of powers … obligates the Judiciary to not shy from its duty to prevent Executive Branch overreach that upsets the carefully calibrated role each co-equal branch plays in our constitutional democracy.”

    Washington, DC – Yesterday, U.S. Representative Debbie Wasserman Schultz (FL-25) led 48 Democratic Members of Congress in filing an amicus brief with the United States Supreme Court in response to the Trump Administration’s attempt to override a district court ruling that blocked the Department of Homeland Security from vacating Temporary Protected Status for Venezuelans. 

    The Trump Administration petitioned the Supreme Court to overturn a district court decision that preserved TPS protections for Venezuelans while a case on the merits unfolds. The brief argues that Congress has a clear interest in preserving TPS and that the Administration’s attempt to vacate their status is unlawful and breaches separation of powers.

    “Amici, as members of Congress, are keenly aware of the critical role that separation of powers plays in our constitutional democracy as a means to safeguard against the concentration of power within a single government branch,” said the Members in the brief’s introduction and summary. “Separation of powers … obligates the Judiciary to not shy from its duty to prevent Executive Branch overreach that upsets the carefully calibrated role each co-equal branch plays in our constitutional democracy.”

    The brief continues, “The Executive Branch advances an interpretation of the TPS statute that, in essence, rewrites the statute to claim a power that Congress did not delegate to the Executive Branch…[A]mici, drawing on their experience and expertise as members of Congress, explain how these offered interpretations are incorrect and further explain that the TPS statute does not allow for vacatur.”

    Wasserman Schultz was joined by House Judiciary Committee Ranking Member Rep. Jamie Raskin (MD-8), House Committee on Homeland Security Ranking Member Rep. Bennie Thompson (MS-2), House Rules Committee Ranking Member Rep. James McGovern (MA-2), House Committee on Small Business Ranking Member Rep. Nydia Velazquez (NY-7), House Committee on Agriculture Ranking Member Rep. Jared Huffman (CA-2), Congressional Black Caucus Chair Rep. Yvette Clarke (NY-9), Congressional Hispanic Caucus Chair Rep. Adriano Espaillat (NY-13), New Democrat Coalition Chair Rep. Brad Schneider (IL-10), and House Progressive Caucus Chair Rep. Greg Casar (TX-35).

    Additional signers include Reps. Jerry Nadler (NY-12), Eleanor Holmes Norton (DC), Danny Davis (IL-7), Brad Sherman (CA-32), Jan Schakowsky (IL-9), Betty McCollum (MN-4), Kathy Castor (FL-14), Steve Cohen (TN-9), Henry “Hank” Johnson, Jr. (GA-4), Paul Tonko (NY-20), Frederica Wilson (FL-24), Suzanne Bonamici (OR-1), Dina Titus (NV-1), Lois Frankel (FL-22), Juan Vargas (CA-52), Robin Kelly (IL-2), Donald Beyer (VA-8), Lou Correa (CA-46), Pramila Jayapal (WA-7), Darren Soto (FL-9), Steven Horsford (NV-4), Veronica Escobar (TX-16), Lizzie Fletcher (TX-7), Jesús “Chuy” García (IL-4), Sylvia Garcia (TX-29), Alexandria Ocasio-Cortez (NY-14), Rashida Tlaib (MI-12), Troy Carter, Sr. (LA-2), Sheila Cherfilus-McCormick (FL-20), Maxwell Frost (FL-10), Robert Garcia (CA-42), Sydney Kamlager-Dove (CA-37), Jared Moskowitz (FL-23), Andrea Salinas (OR-6), Gabe Amo (RI-1), Janelle Bynum (OR-5), Maxine Dexter (OR-3), Luz Rivas (CA-29).

    Wasserman Schultz, who co-chairs the Venezuela Democracy Caucus, also recently partnered with Reps. Darren Soto (FL-9) and María Elvira Salazar (FL-27) to sponsor bipartisan legislation to reverse Trump’s termination of TPS for Venezuelans and redesignate protections. 

    The full amicus brief can be found here.

    ####

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: Hickenlooper Celebrates National Small Business Week, Slams Trump Admin’s Tariff-Taxes

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado
    Over two-thirds of small businesses say that Trump admin’s reckless tariff-taxes will hurt their business, according to WSJ poll
    WASHINGTON – U.S. Senator John Hickenlooper joined 81 Senate colleagues in introducing a bipartisan resolution declaring the week of May 5th as “National Small Business Week.” The measure recognizes the entrepreneurs and innovators who promote growth and create jobs across America.  
    “This week is National Small Business Week. Our week to celebrate the small businesses that power our economy and create jobs across Colorado,” said Hickenlooper. “The problem is, most small businesses aren’t in the mood to celebrate. The Trump admin’s tariff-taxes have created chaos and uncertainty for our small businesses.”
    Hickenlooper is a former small business owner and a member of the Senate Committee on Small Business and Entrepreneurship. Colorado is home to over 715,000 small businesses that employ over 1.1 million Coloradans.
    Hickenlooper has been outspoken about the effects of the Trump administration’s tariffs on small businesses. 
    “Their reckless tariff-taxes – and their chaotic rollout – are creating so much uncertainty that they’ve literally paralyzed businesses,” Hickenlooper said in a video posted to his social media accounts. “It’s next to impossible to plan anything when their on-again, off-again tariffs make it impossible for small businesses to know whether they’ll be able to afford what they need to stay alive and grow… The bottom line: we should be supporting our small businesses, not crushing them.”
    Hickenlooper also called on Small Business Administrator Kelly Loeffler to address the impacts of the Trump administration’s tariffs on small businesses and sent a letter to the Trump administration demanding answers on the national security and economic impacts of their tariffs on Canadian goods. 
    In a Giddy Up-Date newsletter posted to his Substack, Hickenlooper details how the Trump admin’s trade wars have “frozen businesses in their tracks.” 
    “Trump promised to lower prices on his first day in office. Instead, his administration announced major tariffs across the board and picked trade wars with our most valuable trading partners, like Mexico and Canada. We’re already seeing Mexico, Canada, and the other countries retaliate, targeting American businesses and producers with their own tariffs,” wrote Hickenlooper. “It’s especially harmful for the smallest businesses – the newest entrepreneurs – who are the most vulnerable… I know so many small businesses in Colorado and across the country are still reeling trying to figure out how to move forward in these unpredictable times.”
    Two Hickenlooper bills that make it easier for small businesses to access and offer retirement plans for their employees have been signed into law. Hickenlooper’s very first bills introduced as Senator focused on small business. His initial package of bills would help more women and underrepresented communities receive investment capital and give Native American small businesses a voice at the highest levels of the Small Business Administration (SBA). Last Congress, Hickenlooper introduced the Supporting Community Lenders Act and Investing in All of America Act, both of which focus on increasing access to affordable capital for small businesses. He intends to reintroduce both bills this Congress.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI Video: EU Archives: European Agenda on Migration, Visit of South African President Frederik de Klerk

    Source: European Commission (video statements)

    Have you ever wondered what the European Union was up to 35 years ago? Dive with us into the European Commission’s audiovisual archives and discover important anniversaries with our new weekly AV history teaser!

    Upcoming anniversaries in the teaser:

    · 1990: Visit of South African President Frederik de Klerk to the Commission
    · 2005: Common Statement on the Future of Europe 60 years after the Second World War
    · 2015: Press Conference on the European Agenda on Migration

    Get the complete material from our archive:
    https://europa.eu/!nT6nHc
    https://europa.eu/!r99DCw
    https://europa.eu/!y9m7j3

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=fw8O9gAjtR4

    MIL OSI Video –

    May 10, 2025
  • MIL-OSI United Kingdom: On your marks and get set for the 2025 Rob Burrow Leeds Marathon

    Source: City of Leeds

    Thousands of people will be going for glory on Sunday (May 11) in the marathon, which is being held in partnership with Clarion by the not-for-profit sporting events company Jane Tomlinson’s Run For All with support from Leeds City Council.

    Taking place this year for the third time, the event’s previous two editions have been notable for the inspirational atmosphere generated by the crowds lining the 26.2-mile route.

    And people across Leeds are being encouraged to once again turn out and show their support for an occasion that provides a perfect tribute to the life and achievements of the late rugby league legend Rob Burrow.

    As in previous years, the on-course atmosphere will be given a tuneful additional lift by musical entertainment from various groups and acts, including the Leeds Pipe Band, Leeds Rock Choir and Otley Ukulele Orchestra.

    Residents and visitors are also being encouraged to familiarise themselves with the programme of temporary road closures that will be in place to help ensure the day goes according to plan.

    The marathon will start and end at AMT Headingley Rugby Stadium, with runners following a circular route that initially winds around Woodhouse Moor before striking out for Adel, Lawnswood, Bramhope, Pool in Wharfedale and Otley. The Leeds Half Marathon, which is also being held on Sunday, will use much of the same route. The two events have together attracted more than 12,000 entrants.

    Part of St Michael’s Lane in Headingley will close to vehicles on Sunday from 4am before sections of Cardigan Road and Kirkstall Lane/North Lane follow suit at 6am. Closures of selected roads will kick in between 6am and 8am in other parts of Headingley and Far Headingley.

    Further closures will then come into force from 8.30am in the Adel, Lawnswood and Bramhope areas, and from 9am around Pool in Wharfedale and Otley.

    The marathon will begin at 9am, with competitors in the half marathon setting out from Headingley at 10am.

    Affected roads along the route will be reopened on a rolling basis through the day as soon as it is safe to do so.

    More road closure information – including a list of vehicle crossing points – can be found here.

    People travelling to Headingley can catch return park and ride bus services from Elland Road and Stourton. Shuttle buses will also be running between Cookridge Street in the city centre and Headingley.

    Buses will be operating between Headingley and two spectator hubs out on the course, one on Otley Road in Adel – about a mile from the drop-off point at Holt Park’s Asda – and the other at Otley Market Place.

    There will be no dedicated event parking in Headingley itself.

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said:

    “As someone who has run the first two editions of the Rob Burrow Leeds Marathon and will be taking part again on Sunday, I know just how special the event is.

    “The atmosphere on the course was electric in both 2023 and 2024, and it would be lovely to see plenty of spectators out creating the same sort of buzz for 2025.

    “The delivery of an event on this scale involves a huge amount of hard work and my thanks go to everyone involved at Run For All and the council, as well as the hundreds of volunteers who will be giving up their time on Sunday.

    “The road closures that will help ensure the day passes off safely and successfully will inevitably also cause disruption to some people’s normal routines and, as always, their patience and support is much appreciated.

    “Please do take a few minutes, if you haven’t already, to familiarise yourself with all the relevant traffic and travel plans ahead of an occasion that I’m sure will showcase the very best of our city.”

    The marathon’s partner charities and good causes are the Motor Neurone Disease (MND) Association, Leeds Hospitals Charity, 4Ed, Alzheimer’s Society, Candlelighters, Happy Days Children’s Charity, Jane Tomlinson Appeal, Leeds North & West Foodbank, Leeds Rhinos Foundation, Macmillan Cancer Support, My Name’5 Doddie Foundation, Stand Against MND and St Gemma’s Hospice.

    After being diagnosed with MND in 2019, Leeds Rhinos great Rob worked tirelessly to raise awareness of the condition and deliver improved care for those affected by it.

    Sunday’s programme features a new addition for 2025 in the shape of the Rob Burrow Leeds Marathon Relay, which will see teams of seven tackling different legs of the full route.

    Run For All is also linking up with Leeds Beckett University to stage the inaugural MND Mile tomorrow (Saturday, May 10). Taking place at Leeds Beckett’s Headingley campus, the event’s mile-long course has been designed to cater for participants of all ages and abilities.

    Tristan Batley-Kyle, operations director at Run For All, said:

    “For an event of this scale, significant road closures will be required. We are working in partnership with Leeds City Council, emergency services and multi-agency planning groups to make sure the event is operated safely and securely.

    “We would like to thank all residents in advance for their understanding, and we apologise in advance for any inconvenience caused. Please be assured that all closures will be lifted as soon as possible. We thank you for your support of the 2025 Rob Burrow Leeds Marathon and Leeds Half Marathon.”

    Note to editors:

    Run For All is a not-for-profit company that forms part of the lasting legacy of the late amateur athlete and fundraiser Jane Tomlinson CBE. Jane, from Leeds, made headlines around the world by taking part in a series of incredible endurance events despite being diagnosed with an incurable cancer.

    ENDS

    MIL OSI United Kingdom –

    May 10, 2025
  • MIL-OSI Canada: Nisg̱a’a, B.C., Canada celebrate 25th anniversary of Nisg̱a’a Treaty

    Source: Government of Canada regional news

    The Nisg̱a’a Nation and the governments of Canada and British Columbia are commemorating the 25th anniversary of the Nisg̱a’a Final Agreement (the Nisg̱a’a Treaty) as a major milestone on the path of reconciliation.

    A landmark in the relationship between the parties, the Nisg̱a’a Treaty marked the end of a 113-year journey and the first steps toward a brighter future in a new direction. It is the first treaty in British Columbia to provide constitutional certainty in respect of an Indigenous people’s Section 35 right to self-government.

    The Nisg̱a’a Treaty put control over land and resources back in the hands of Nisg̱a’a Nation, recognizing Nisg̱a’a Lands (2,000 square kilometres), and provides constitutionally protected Treaty Rights, including Treaty Rights to hunt and fish in the Nass wildlife area and Nass area. It has opened the door for joint economic initiatives in the responsible, sustainable development of the Nisg̱a’a Nation’s natural resources — benefitting Nisg̱a’a citizens as well as their fellow British Columbians and Canadians.

    Over the past few decades, the Nisg̱a’a have made progress in building their government and institutions, as well as facilitating economic development for both the Nisg̱a’a Nation and surrounding communities. The Nisg̱a’a Nation created Canada’s first Indigenous-owned mining royalty company, pooling together the royalties of different First Nations across the country as a way to attract investors, lower risks and create revenue streams for its Indigenous owners and shareholders. 

    Through investments in tourism, the Nisg̱a’a Nation continues to attract Canadian and international audiences to experience the natural beauty of Nisg̱a’a Lands, creating jobs and economic opportunities not only in Nisg̱a’a communities but throughout the province of B.C. These projects have generated employment, business opportunities and revenue. The innovative partnerships the Nisg̱a’a Nation has stewarded to develop the Nass’s resources in a sustainable way is a visionary example of what is possible through treaty.

    Treaty relationships between partners are a critically important pathway to meaningful reconciliation. They help support strong, healthy, thriving communities that benefit people today and for generations to come. An outstanding example of modern treaty relationships, the Nisg̱a’a Treaty is studied internationally as a model of hope, trust and government-to-government co-operation.

    In honour of Nisg̱a’a Day and the government-to-government relationship built and continuing to build, the Nisg̱a’a flag is displayed in the Hall of Honour at the B.C. Parliament Buildings.

    Today, the Nisg̱a’a Nation includes citizens residing primarily in the Nisg̱a’a Villages of Ging̱olx, Lax̱g̱alts’ap, Gitwinksihlkw, and Gitlax̱t’aamiks (formerly New Aiyansh) on British Columbia’s northwest coast, as well as in Terrace, Prince Rupert/Port Edward, and throughout the Lower Mainland.

    Quotes:

    Eva Clayton, President, Nisg̱a’a Lisims Government –

    “As we stand here today, in front of our Nation, to commemorate the 25th anniversary of our treaty, let us each reflect on the sacrifices our ancestors made, our grandparents’ tireless contribution to the Nisg̱a’a Land question. It is a privilege to be standing here on behalf of the executive, members of Wilp Si’ayuukhl Nisg̱a’a, our Council of Elders, to celebrate our first 25 years of self-governance. As we move forward, the responsibility rests with us, as Nisg̱a’a People, to imagine our future, and dream of the possibilities to show British Columbians, Canadians and the global community who the Nisg̱a’a are, as we leave our next mark in the history books.”

    Gary Anandasangaree, Minister of Justice and Attorney General of Canada, and Minister of Crown-Indigenous Relations and Northern Affairs Canada –

    “Twenty-five years ago, the Nisg̱a’a Nation made history, signing the first modern treaty in British Columbia. This milestone represents not only the strength and vision of Nisg̱a’a leadership but also the lasting impact of treaty partnerships rooted in respect, recognition and self-determination. As we reflect on the past quarter-century, we reaffirm our commitment to working together in true partnership to advance reconciliation and support a prosperous future for the Nisg̱a’a Nation.”

    David Eby, Premier of British Columbia –

    “A foundational and future-forward document, the Nisg̱a’a Treaty marked a turning point in our history, a moment where we came together and decided on a brighter future for our province. Reflecting on the past 25 years, we have achieved so much as treaty partners, and we will continue working collaboratively to realize our goals with the treaty as our guide. Partnerships are the path to progress. I thank the Nisg̱a’a Lisims Government for their leadership and congratulate all Nisg̱a’a citizens on this anniversary.”

    Christine Boyle, B.C. Minister of Indigenous Relations and Reconciliation –

    “With this treaty, Nisg̱a’a citizens charted a new path on their journey of self-determination. At the same time, B.C. and Nisg̱a’a reset our relationship to focus on reconciliation, supporting an even better life for Nisg̱a’a communities and people. As a treaty partner, the Province has an ongoing and ever-evolving commitment to realize our shared priorities. I congratulate the past and present Nisg̱a’a leadership on the social, cultural and economic successes of the past 25 years, and look forward to the good work we will do together in the future.”

    Quick Facts:

    • The Nisg̱a’a Treaty, which came into effect on May 11, 2000, is the first modern treaty in British Columbia.
    • May 11, 2025, marks the 25th anniversary of the Nisg̱a’a Treaty’s effective date.
    • The parties to the Nisg̱a’a Treaty are the Nisg̱a’a Nation, the Province and Canada.
    • The Nisg̱a’a Treaty sets out the rights and interests of the Nisg̱a’a Nation and its citizens, and the responsibilities of the Nisg̱a’a Nation and its treaty partners.

    MIL OSI Canada News –

    May 10, 2025
  • MIL-OSI Canada: Saskatchewan Leads the Nation With 21,100 Jobs Added in April and Lowest Unemployment Rate in Canada

    Source: Government of Canada regional news

    Released on May 9, 2025

    Statistics Canada’s latest labour force numbers show that the labour market in Saskatchewan remains strong with 21,100 jobs added year-over-year in April, an increase of 3.6 per cent, the highest in Canada. Saskatchewan’s unemployment rate is the lowest in the nation at 4.3 per cent, well below the national average of 6.9 per cent. 

    “Saskatchewan is an economic leader in Canada, demonstrated by the 21,000 jobs we added in April and the lowest unemployment rate in the nation,” Deputy Premier and Minister of Immigration and Career Training Jim Reiter said. “Our government is ensuring that our labour market remains strong, our economy continues to grow and that Saskatchewan remains the best and most affordable place to live, work and raise a family in Canada.” 

    Year-over-year, full-time employment in Saskatchewan increased by 14,800, an increase of 3.1 per cent. Part-time employment increased by 6,300, an increase of 5.9 per cent. 

    Saskatchewan’s two biggest cities also saw year-over-year growth. Compared to April 2024, Saskatoon’s employment was up 6,600, an increase of 3.4 per cent, and Regina’s employment was up 4,600, an increase of 3.2 per cent.

    Major year-over-year gains were also reported for health care and social assistance, up 8,900, an increase of 9.8 per cent. Construction is up 4,900, an increase of 12.6 per cent, and public administration is up 6,600, an increase of 19.2 per cent. 

    Saskatchewan continues to show economic strength in other areas. Recent figures from Statistics Canada show that Saskatchewan is second among provinces for GDP growth in 2024. Real GDP rose by 3.4 per cent from 2023 to 2024, well over the national average of 1.6 per cent. The province’s real GDP value remains at an all-time high of $80.5 billion, the second highest per capita among provinces, beating 2023’s record of $77.9 billion. Year-over-year Saskatchewan also ranked second among the provinces for growth in new motor vehicle sales and third for growth in urban housing starts.

    This economic growth is backed by the Government of Saskatchewan’s recently released Building the Workforce for a Growing Economy: The Saskatchewan Labour Market Strategy, a roadmap to build the workforce needed to support Saskatchewan’s strong and growing economy, and Securing the Next Decade of Growth: Saskatchewan’s Investment Attraction Strategy.

    -30-

    For more information, contact:

    Media Relations
    Immigration and Career Training
    Regina
    Phone: 306-798-2369
    Email: media.ict@gov.sk.ca

    MIL OSI Canada News –

    May 10, 2025
  • MIL-OSI USA: SBA Relief Still Available to Oregon Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oregon of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Oregon counties of Baker, Grant, Harney and Malheur as well as the Idaho counties of Canyon, Owyhee, Payette and Washington, and in Nevada the county of Humboldt.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: SBA Relief Still Available to Oklahoma Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the Oklahoma counties of Atoka, Bryan, Canadian, Carter, Cherokee, Choctaw, Comanche, Cotton, Craig, Creek, Delaware, Garfield, Garvin, Grady, Jefferson, Johnston, Kingfisher, Lincoln, Logan, Love, Marshall, Mayes, Noble, Nowata, Oklahoma, Osage, Ottawa, Pawnee, Payne, Rogers, Stephens, Tulsa, Wagoner and Washington as well as the Kansas counties of Cherokee, Labette and Montgomery, and in Texas the counties of Clay, Fannin, Grayson, Lamar and Montague.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: SBA Relief Still Available to North Dakota Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in North Dakota of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the North Dakota counties of Adams, Billings, Bowman, Burke, Divide, Golden Valley, Grant, Hettinger, McKenzie, Mountrail, Sioux, Slope, Stark and Williams as well as the Montana counties of Fallon, Richland, Roosevelt and Sheridan, and the South Dakota counties of Corson, Harding and Perkins.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: SBA Relief Still Available to Idaho Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Idaho of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Idaho counties of Bingham, Bonneville, Caribou, Fremont, Jefferson, Madison and Teton as well as the Wyoming counties of Lincoln and Teton.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI Security: Former Algona Meatpacking Plant Worker Convicted in Pandemic Benefits Fraud Conspiracy

    Source: Office of United States Attorneys

    A former Algona, Iowa, meatpacking plant worker who obtained fraudulent Paycheck Protection Program loans and recruited others into the scheme was convicted by a jury on May 8, 2025, after a four-day trial in federal court in Sioux City.

    Yovany Ciero, age 48, from Mason City, Iowa, formerly of Cuba, Colombia, and Venezuela, was convicted of three counts of wire fraud, 23 counts of money laundering, one count of engaging in a monetary transaction in property derived from a specified unlawful activity, and one count of money laundering conspiracy.  The verdict was returned following about three and a half hours of jury deliberations.

    The evidence at trial showed that Ciero is a former Sergeant in the Cuban military who crossed the Mexican border nearly twenty years ago after his request for a visa to enter the United States was denied.  In 2020, Ciero was working at an Algona meatpacking plant when the COVID-19 pandemic began.  Beginning in July 2020, Ciero, and over one hundred other immigrants from Cuba, obtained fraudulent Paycheck Protection Program (PPP) loans on the false and fraudulent pretenses that they were self-employed businesspeople who earned approximately $100,000 in gross income in 2019 when they actually worked at the meatpacking plant or elsewhere in 2019.         

    Ciero was one of six “bundlers” in the fraudulent PPP loan scheme.  Ciero’s role was to recruit individuals into the scheme, obtain their personal identifying information for the fraudulent loan applications, and then pass that information to others who submitted the fraudulent loan applications to lenders who were participating in the PPP.  The evidence established that over $4 million in fraudulent loan PPP applications were submitted, and the government lost over $2.4 million as a result.

    Once the individuals received their fraudulent PPP loan funds, typically $20,000 each, Ciero served as a “funnel” in a money laundering conspiracy.  Ciero collected fees that the organizers of the scheme charged the applicants, typically $3,000 per $20,000 fraudulent loan.

    Ciero also obtained two fraudulent PPP loans for himself and his paramour.  Ciero used most of this PPP loan money to purchase a semi-truck.  Ciero is the sixth former Iowa meatpacking plant worker convicted in the PPP scheme.

    Sentencing before United States District Court Judge Leonard T. Strand will be set after a presentence report is prepared.  Ciero remains free on bond pending sentencing.  Ciero faces a possible maximum sentence of life imprisonment, over $10,000,000 in fines, and three years of supervised release following any imprisonment.

    The case is being prosecuted by Assistant United States Attorneys Timothy L. Vavricek and Daniel A. Chatham and was investigated by the Small Business Administration – Office of Inspector General, the Federal Deposit Insurance Corporation – Office of Inspector General, Homeland Security Investigations, the Federal Bureau of Investigation, and the Storm Lake Police Department.

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl. 

    The case file number is 24-CR-3013.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

    May 10, 2025
  • MIL-OSI: Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals and Mining Virtual Investor Conference, held May 6th-8th are now available for online viewing.

    REGISTER AND VIEW PRESENTATIONS HERE

    The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

    Select companies are accepting 1×1 management meeting requests through May 13th.

    May 6th

    May 7th

    May 8th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI Economics: How AI agents can help retailers and consumer goods companies improve operations

    Source: Microsoft

    Headline: How AI agents can help retailers and consumer goods companies improve operations

    Over the past 12 months, customer conversations have shifted from focusing on generative AI to discussing agentic AI. This evolution reflects the growing recognition of agentic systems to augment AI’s potential to enhance business processes and drive innovation.

    But, as with every technology, working out where to start is fraught with difficulties. “When all you have is a hammer, everything looks like a nail”—or so the expression goes—but when it comes to business challenges, not every problem warrants an agentic AI approach.

    Learn more about Microsoft Cloud for Retail

    You may have determined candidate areas for agentic AI using a similar approach to that which we described when discussing rapidly ideating on value in a previous blog. However, how do you know if it really warrants an agentic approach, and then, once you’re confident that it does, how do you determine the value it will bring for your organization?

    This blog aims to provide guidance on how to address these areas to empower you to make informed decisions and unlock the full potential of agentic AI.

    Business and technical criteria

    Based on our experience working with retail and consumer goods companies across the globe, there are some common trends that can be considered as criteria for determining if a specific process—or part of a process—is a good use case for agentic AI.

    These aren’t considered to be “hard and fast” criteria that must be adhered to—they are merely guidelines.

    • Volume. A process with high volumes or number of interactions. For example, a consumer goods company receives many more orders than an aircraft manufacturer, therefore, it’s likely to be far more applicable to apply agentic AI to an order intake process in a consumer goods company. That doesn’t mean that agentic AI cannot help an aircraft manufacturer with this process. It means that the specific process element where it’s applied would be different. For example, in placing an order for an aircraft, multiple detailed configuration documents may be needed, and agentic AI may have a valuable role ensuring those documents are correct.
    • Interaction. A process that interacts with multiple systems. For example, updates, reads from, or consolidates data between different systems. Processes where users must review, or consolidate, content from multiple systems are prime candidates for the application of agentic AI. Sometimes referred to as “swivel-chair integration,” these types of processes are both tedious and fraught with error.
    • Human. A process where a high level of human interaction is required. Perhaps involving seeking, reading, considering, and reasoning over multiple pieces of information, documents, or systems. This is typically work that’s mundane and repetitive. Agentic AI can assess and highlight gaps, differences, or anomalies. It can make recommendations to be evaluated by a human and as such, is designed to work alongside or augment the human by reducing the amount of mundane, repetitive activity. The human element is critical here—AI allows the human to focus on exceptions, strategic analysis, and complex decisions while supporting innovation.
    • Errors. Processes that are error prone—which often occurs with repetitive, mundane human operations. More importantly, one where any errors or issues during the process execution cause adverse downstream consequences such as delayed deliveries, lost sales, compensation claims, or handling by a human that incurs cost or time. This can be a key area of concern and focus.

    There is an additional requirement, albeit one that must be considered when architecting a solution. This relates to data availability.

    It’s critical to ensure that the data required for the agentic AI application is available and accessible without causing challenges elsewhere. It’s common that agentic systems need to refer to data to aid decision-making. For example, it may be necessary to look something up on a customer or supplier master record in a transactional system. Where many of these are required in a very short time, it may be that the agentic solution causes performance issues in the transactional system. Architecturally, this challenge can be avoided by extracting this data into a data lake or other data store to act as a reference location.

    Retail Thought Leadership Study

    The AI Advantage: How retailers are shaping customer experiences with data-driven insights

    Defining value

    Advancements position agentic AI as a cornerstone for creating a more resilient, efficient, sustainable, and autonomous supply chain. When it comes to evaluating the business value of any technology investment, one of the first points to consider is determining the specific drivers of value. In addition, understanding how you’ll measure this is equally important.

    From the work we have done relating to agentic AI, value typically falls into three areas:

    1. Productivity. You can think of this as “agentic liberated time.” This reflects reducing the non-value-added time associated with human interaction in a process or process step using the “liberated time” for value-added activities. Scoping these additional activities is critical to delivering value from agentic AI. As an example, one retailer was seeking to free up time for their supply chain planners to spend more time with individual suppliers planning future promotional inventories. AI agents can streamline communications with suppliers, monitor contract compliance, and resolve disputes efficiently.
    2. Process efficiency. This relates to the elapsed time that a process takes. AI agents automate repetitive tasks and optimize operations leading to higher process efficiency levels and lower costs. This in turn has follow-on benefits—for example, reducing the time spent between receiving and processing a customer order translates to improved customer responsiveness.
    3. Quality. This can often be seen as cliché. However, in this instance, the focus is the reduction of errors or issues. Specifically, those that have a negative consequence downstream within the organization or supply chain. For example, promising inventory that does not exist will adversely impact customer satisfaction scores and may well result in future lost sales.

    Measurement is key

    For each of these value driver areas it’s important to establish the metrics or KPIs that this is likely to impact in your specific case. The graphic above gives some examples, but this is where the value of agentic AI really comes into force.

    For the productivity value driver, liberated time can be used to identify additional revenue generating opportunities, which can enhance your revenue per employee KPI. For process efficiency, reducing lost sales can be a relevant metric if, for example, you’re automating your customer order process.

    Quality, however, is where it becomes interesting. Determining the downstream negative consequences of a delayed or misinformed decision can be difficult, but it’s worthwhile. One approach to consider is to use Microsoft Copilot to help ideate on this, asking for suggestions as to what the negative downstream consequences of errors in a particular process might be. This may not yield the exact answer for your business, but practice has shown that it usually inspires a new thought or perspective that relates to your business.

    Microsoft Cloud for Retail

    Connect your customers, your people, and your data.

    Moving on value

    Selecting the right use cases for agentic AI requires a thorough understanding of both the criteria for implementation and the drivers of value. By focusing on high-volume, error-prone processes that require significant human effort and interaction with multiple systems, organizations can identify the most promising areas for AI application.

    Additionally, defining and measuring the value of AI investments through productivity, process efficiency, and quality improvements will ensure that organizations can unlock the full potential of agentic AI. With these guidelines, organizations can make informed decisions and navigate the complexities of AI use case selection, ultimately driving innovation and efficiency.

    Learn more about agentic AI

    Oliver Guy

    Global Industry Architect, Microsoft Retail & Consumer Goods, Microsoft

    Oliver Guy, Global Industry Architect, specializes in helping business leaders innovate and compete more flexibility and efficiently. For more than 25 years he has delivered value for retail and consumer goods companies across the globe with technology led change. Oliver is a recognized Retail Technology Influencer by Retail Technology Innovation Hub (RTIH) and is also a RetailWire BrainTrust panelist.

    See more articles from this author

    Felice Miller

    Business Strategy Leader, Supply Chain & Operations, Worldwide Retail and Consumer Goods and Gaming, Microsoft

    Felice leads Supply Chain and Sustainability Strategy for Microsoft’s Worldwide Retail and Consumer Goods Industry Group collaborating with customers and partners to reimagine data and AI solutions, and leveraging technology to drive innovation and better business outcomes. She has extensive experience in consumer products, retail, and global manufacturing. Felice has been an angel investor in early-stage startups, the founder of Delvv, a machine learning studio that created AI-driven interface technology to enhance the smartphone user experience and is an advocate for consumer-centric technology in the mobile space.

    See more articles from this author

    Paul Manikas

    Principal Industry Architect, Industry Solutions Delivery, Microsoft

    As a Manufacturing industry architect, Paul works with senior business and IT leaders to help them understand how to apply Microsoft’s technologies and partner solutions to digitally transform their company. Leveraging over 35 years of manufacturing industry experience, Paul works with clients to build their transformations strategy, considering four key pillars of digital transformation: customer experience, operational excellence, workforce transformation and product-as-a-service.

    See more articles from this author

    MIL OSI Economics –

    May 10, 2025
  • MIL-OSI Global: From pulpit to pitch: Pope Francis used sport to get his message to a wider world − that could continue with baseball-loving Leo XIV

    Source: The Conversation – USA – By Carmen M. Nanko-Fernández, Professor of Hispanic Theology and Ministry, Catholic Theological Union

    Players observe a minute of silence in memory of Pope Francis before the Spanish league soccer match between Real Madrid and RC Celta de Vigo at Santiago Bernabeu Stadium in Madrid on May 4, 2025. Pierre-Philippe Marcou/AFP via Getty Images

    The world of sport is “a constellation of many stars,” Pope Francis told La Gazzetta dello Sport, the Italian daily sports newspaper, during a wide-ranging interview in January 2021.

    On April 21, 2025, that world lost, if not one of its brightest stars, then certainly one of its highest-placed advocates in Francis. In his youth, Francis was only ever a street athlete, but he was an avid and lifelong sports fan, especially when it came to soccer. In fact, Francis incorporated his love of the beautiful game into his outlook as pope – for him, sport was a way to communicate with people from all backgrounds and all corners of the globe.

    With Leo XIV now installed as Francis’ successor, that sporting theme could continue in the Vatican, though the center of gravity may migrate from soccer to baseball. As befitting a U.S. pope, Leo is known to be a fan of the national pastime, in particular his native Chicago White Sox.

    Always ‘un cuervo!’

    Long before the papacy, even before his first steps toward priesthood, for Jorge Mario Bergoglio – the boy who would go on to become Pope Francis – there was his hometown sports club, Buenos Aires’ San Lorenzo de Almagro.

    It was “part of my cultural identity,” Francis later said, so much so that he maintained his club membership throughout his life.

    That became news upon his death, when a photo of his club card went viral. Argentine sports fans noted that his membership card number, 88235, coincided with his age, 88, and the moment of his death in Argentina time: 2:35 AM.

    Francis’ relationship with San Lorenzo de Almagro was marked by mutual affection. The team memorialized him in various ways. They noted how he continues to accompany them by emblazoning on their jerseys his image and the words “juntos por la eternidad” or “together forever.”

    In a touching video tribute posted on social media following Francis’ death, the club affirmed his belonging, from his childhood through his papacy, as “un cuervo” – or “crow,” a nod to the nickname for the team and its fans rooted in the club’s founding by a Catholic priest. In Lunfardo, a dialect in Buenos Aires, “cuervo” is also slang for priest. For his team, “Papa Cuervo” was “never just one more fan, he was always one of us.”

    A sporting world pays tribute

    And it wasn’t just his home team that mourned Francis’ death.

    On the day of his passing, moments of silence preceded play from Citi Field, the home of Major League Baseball’s New York Mets, to Estadi Olímpic Lluís Companys, the temporary soccer venue of Spanish soccer giant Barcelona.

    In Italy, soccer matches were rescheduled to honor the national period of mourning, and players and coaches from AS Roma filed into St. Peter’s Basilica to pay their respects.

    Pope Francis holds a tennis racket presented to him by the Italian Tennis Federation in 2015.
    AP Photo/Alessandra Tarantino

    Across social media platforms, the sporting world responded to the loss of one they considered their own. Spanish tennis champ Rafael Nadal tweeted his condolences and observed that the day was indeed “un día triste,” or “sad day.”

    The NFL’s New Orleans Saints expressed condolences and commemorated their relationship with the pope, a connection born of a digital anomaly. Each time Francis posted #Saints on his X – formerly Twitter – account, it automatically tagged the NFL team, which did not mind the accidental blessings.

    When global attention turned to speculating about the next pope, the soccer world continued to mourn and honor their star. From April 29 to May 1, each Champions League semifinal match – youth, women’s and men’s alike – was preceded by a moment of silence.

    In the words of world soccer body UEFA’s president Aleksander Čeferin: “Pope Francis was a beacon of hope for… (a) humanity that will now remain orphaned of that voice – tireless and powerful – that always rose in defense of the poor, the humble, and the vulnerable to call for respect, acceptance, and equality and to implore a peace that always seemed distant …”

    Pope Francis is given a San Lorenzo’s shirt as he greets the faithful prior to his first ‘Urbi et Orbi’ blessing from the balcony of St. Peter’s Basilica during Easter Mass on March 31, 2013.
    Dan Kitwood/Getty Images

    Sport as language of life

    For Francis, sport was more than a game or a pastime.

    It was a vernacular, and soccer was his dialect. He was fluent and it showed. He recognized in sport the potential to communicate in what he called a universal language that “extends across borders, language, race, religion and ideology; it possesses the capacity to unite people, together, by fostering dialogue and acceptance.”

    The online archive of his pontificate contains well over 60 sport-related audiences, messages and letters, including video greetings on occasions such as the 2014 FIFA World Cup and Super Bowl LI in 2017.

    The significance of sport as a distinctive body of his papal teaching is also indicated by the Spanish release in 2024 of “Más Allá De Los Límites: El Deporte Según El Papa Francisco,” or “Beyond the Limits: Sports According to Pope Francis.” The book came with a forward by Carlo Ancelotti, the storied manager of a litany of soccer greats, including Real Madrid.

    Sport emerged early as one of Jorge Bergoglio’s native tongues, bound intimately to memory, family, identity and belonging – threads also evident in his canon of teachings on sport. In “Hope,” his 2024 autobiography, Francis dedicates a chapter to sport and weaves stories of his beloved soccer throughout the book in a manner that reveals how “the experience of the people and their passions” became for him a source and site for his theology of encounter.

    A commitment to inclusivity is a constitutive element in his teaching on both sport and encounter. Among those who paid tribute on Francis’ passing were the organizers of the Paralympic Games, who posted: “Today humanity lost a great man … passionate about sport and passionate about inclusion, which epitomizes everything the Paralympic Movement stands for.”

    ‘Getting in the game’

    Francis urged, “‘Get in the game’ not only in sports … but also in life, in the search for the good, without fear but with courage and enthusiasm. Get in the game with others and with God … Place your talents at the service of the encounter among people, of friendship and of inclusion.”

    Pope Francis salutes the cricket team of the Vatican.
    AP Photo/Alessandra Tarantino

    He put this into practice with the launch and sponsorship in 2019 of Athletica Vaticana, a dedicated sports body for the city-state. He also gave his blessing and backing to St. Peter’s Cricket Club, the first-ever Vatican women’s soccer team, and Sport at the Service of Humanity, a collaborative global movement that seeks to “leverage the power of Faith and Sport as a platform for good.”

    “Get in the game” was a call intended not only for athletes – amateur, collegiate, Special Olympian, professional – but for street-ballers, schoolyard players, fans and gamers of all kinds. In sports and play, Francis found the potential for a “school of peace” because they provided opportunities “to go outside of our own walls and learn how to participate, to overcome, to struggle together,” charting ways forward for church and society “to overcome all forms of discrimination and exclusion.”

    Francis never forgot the joys or even the sorrows of sports as a player or as a fan. “Playing is a right,” he wrote in his memoir, “and there’s also the hallowed right not to be a champion.”

    Behind every ball, he saw a kid with a dream and aspirations, and he recognized himself on the soccer field – a “pata dura,” the kid with two left feet, “sleeves rolled up, and often with grazed knees.” On the sports field, like elsewhere, he recognized and took delight in the beauty of God.

    The link between the papacy and the sporting world looks set to continue under Pope Leo XIV.

    The media quickly noted that soccer aficionado Francis had been succeeded by an amateur tennis player and fan.

    The new pope’s brother had to resolve an online dispute by affirming Leo is a fan of the South Side’s Chicago White Sox and not the North Side’s Cubs.

    Regardless, the city’s two baseball franchises responded with dueling stadium signs claiming the pope as their own. Meanwhile, ESPN reported that NBA teammates Jalen Brunson and Josh Hart, former Villanova Wildcats-turned-New York Knicks chatted about a possible alumni reunion with the newest rising star in the constellation of sports: Pope Leo XIV.

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

    – ref. From pulpit to pitch: Pope Francis used sport to get his message to a wider world − that could continue with baseball-loving Leo XIV – https://theconversation.com/from-pulpit-to-pitch-pope-francis-used-sport-to-get-his-message-to-a-wider-world-that-could-continue-with-baseball-loving-leo-xiv-255493

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI USA: New Laws Help Consumers Save Money and Spend It Wisely

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will protect consumers across New York and fight back against scams or exploitative practices. From simplifying the process of canceling recurring online subscriptions to cracking down on overdraft fees that target low-income consumers, these new laws will help New Yorkers fight back against unfair corporate practices.

    “This budget is all about affordability – lowering costs and helping New Yorkers with the rising cost of living,” Governor Hochul said. “But our tax cuts, credits and rebates won’t be much help if bad actors are able to scam or mislead New Yorkers. These new laws are about fairness, transparency, and accountability and will help consumers save money and spend it wisely.”

    Easier Cancellation For Online Subscriptions
    Subscription services are a part of daily life but canceling them is often needlessly complicated. The FY26 budget includes legislation requiring businesses to notify consumers of upcoming renewals and price changes as well as provide clear instructions on how to cancel subscriptions. Under this legislation, cancellation processes must be simple, transparent, and fair – ensuring that it is just as easy to cancel a subscription as it was to sign up.

    Standardized Online Retail Returns and Refunds
    Consumers are increasingly shopping online and navigating a sea of varying return windows, restocking fees, refund formats, shipping practices and more. New Yorkers, particularly during the holiday season, know how hard it is to juggle various return policies that affect when they can send back a gift or exchange clothing that didn’t fit.

    With e-commerce sales rising and returns accounting for billions of dollars annually, New Yorkers deserve stronger consumer protections. The FY26 Budget includes legislation to require online retail sellers to post return and refund policies in a way that is easily accessible for consumers.

    Oversight Over “Buy Now, Pay Later” Loans
    “Buy Now, Pay Later” loans are increasingly popular but pose risks to consumers, including overextension, inconsistent credit reporting, data exploitation, and excessive fees. These concerns highlight the need for stronger oversight in this rapidly growing financial sector.

    The FY26 Budget includes legislation to establish a licensing and supervision framework for Buy Now Pay Later providers. This legislation will introduce safeguards, such as disclosure requirements, dispute resolution standards, limits on all charges and fees, and data privacy protections to ensure consumers are better protected when using these financial products.

    Shed Light on “Surveillance Pricing”
    As consumers spend more of their time and money online, they’re also sharing more information like browsing behavior, location, and purchase history with the companies they interact with. Today’s technology means corporations are able to collect mountains of personal data, feed it into algorithms, and generate a price that’s individual to a consumer. This practice, which the FTC has dubbed surveillance pricing, means a company could be charging you and your neighbor different prices for the same product, based on your individual willingness to pay. This practice is opaque and strips consumers of their ability to comparison shop and plan for the price of goods and services.

    The FY26 Budget includes first-in-the-nation legislation that requires businesses to disclose clearly to consumers when a price was set by an algorithm using their personal data, subject to certain exceptions.

    Stronger Protections Against Unfair Overdraft Fees
    Overdraft and non-sufficient funds fees disproportionately harm low- and moderate-income New Yorkers. In January 2025, Governor Hochul announced the Department of Financial Services proposed regulations to eliminate the most exploitative and deceptive banking fees, cap overdraft fees, strengthen customer communications, and establish stricter transaction processing requirements. These regulations will protect consumers and foster accessible and affordable banking services for all New Yorkers.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: Creating Jobs and Opportunity Across the Empire State

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will support small businesses and grow New York’s economy. Governor Hochul’s economic development initiatives include helping small businesses grow through access to capital, new contracting opportunities, and disaster recovery support; doubling down on semiconductors and advanced manufacturing; supporting transformative, community-driven projects, and boosting the state’s creative economy.

    “We’re making New York the most business-friendly and worker-friendly state in the nation, creating jobs and economic opportunity in every corner of the Empire State,” Governor Hochul said. “By providing access to low-interest capital and investing in innovative industries like semiconductor manufacturing, we’re not just creating jobs, we’re positioning New York as a leader in the industries of tomorrow. These investments will ensure our businesses can thrive, attract new industries, and help communities grow across the state.”

    Helping Small Business Thrive in New York

    Support Small Businesses With Low Interest Capital
    High interest rates can incapacitate small businesses—which often pay higher borrowing rates due to their reduced collateral and higher risk profiles as compared to larger firms—preventing them from investing in expansion and creating new jobs. The successful Linked Deposit Program, which helps small businesses borrow at more affordable rates, has lowered the interest rate for nearly 6,000 businesses, resulting in $2 billion in bank lending, and leveraging over $4 billion in new capital investments by New York State businesses.

    In response to demand that far exceeds supply, Governor Hochul will launch the Low Interest Capital program (LINC), an expansion of the Linked Deposit Program, to help support hundreds of additional small businesses across the state. LINC will nearly double the funding available for linked deposits from $560 million to $1.1 billion.

    Increase Opportunities for MWBEs in State Procurement
    The FY26 Enacted Budget will eliminate barriers for minority and women-owned businesses to contract with state agencies and authorities by increasing the discretionary purchasing threshold from $750,000 to $1.5 million when buying from NYS Certified MWBEs. This builds on Governor Hochul’s commitment to expanding opportunities for MWBE firms while bringing the State’s threshold into alignment with those of the MTA and New York City.

    Help Small Businesses Recover After Natural Disasters
    As extreme weather events become more common, Governor Hochul is modernizing the Empire State Jobs Retention Program to provide a lifeline for businesses impacted by a natural disaster. The overhaul will allow small businesses to receive financial incentives through the Jobs Retention Program for the first time, while streamlining burdensome eligibility criteria and focusing assistance on the immediate aftermath of natural disasters when it is most impactful.

    Doubling Down on Semiconductors and Advanced Manufacturing

    Grow the Semiconductor Industry and Build the Semiconductor Supply Chain
    New York has emerged as a leader in the semiconductor industry through the Green CHIPS program, attracting over $120 billion in private sector investment. Much of that success is owed to New York’s Excelsior Jobs Tax Credit Program, which encourages businesses to locate or expand in New York by providing Excelsior tax credits after meeting job creation and investment thresholds. While New York State continues to lead in bringing semiconductor manufacturing home to our state, multiple states are vying to attract the related supply-chain companies that are looking to do business with those manufacturers.

    The FY26 Enacted Budget doubles down on Excelsior with a new, enhanced benefit tier for semiconductor supply chain companies; a new program to provide tax credits for large-scale semiconductor R&D investments of $100 million or more in qualified expenditures; a new semiconductor manufacturing workforce training incentive; and an overall 5-year extension of the Excelsior program.

    Promote Opportunity With Electric Readiness for Underdeveloped Properties
    New York State is attracting investment in new manufacturing and high-tech development faster than existing energy system planning and funding mechanisms can accommodate, and we need more power-ready sites — a key factor in where companies decide to locate. Indeed, lack of speedy connection to reliable power is often cited as a primary reason for advanced manufacturers taking their business, and jobs, towards other states or opportunities.

    Locating at a power-ready site can shave years off the timeline between site selection and a plant’s opening day. Extending transmission and electrical infrastructure to more sites around the State will help unlock equitable economic growth and supercharge our ability to connect New Yorkers with the advanced manufacturing jobs of the future.

    To help land more business and jobs in New York, Governor Hochul will launch a new $300 million program — Promote Opportunity with Electric Readiness for Underdeveloped Properties (POWER UP) — to fund the proactive development of electric capacity to create power-ready sites and attract new businesses to the state. Governor Hochul is seeding the fund with $100 million this year, which will allow for the proactive development of dozens of sites.

    POWER UP will not only alleviate bottlenecks to connect businesses to power but will help defray electrical costs for regional consumers, who under our current regulatory structure are often left to foot the bill for grid improvements prompted by one particular project within their region. POWER UP will defray those costs by interjecting state capital dollars into projects that provide overwhelming public and economic benefits.

    Empire State Development (ESD) will provide economic development expertise to ensure the fund helps prepare sites that are strongly positioned to host manufacturing operations that will create jobs in New York State.

    The Department of Public Service will provide expertise in utility capital planning and will identify opportunities for project sites that bundle clean energy resources together.

    Double Down on Shovel-Ready Sites for Modern Manufacturing
    While New York State is a leader in business attraction, large scale manufacturing and industrial firms can only continue to locate and expand here if sufficient shovel-ready space is available.

    Governor Hochul established the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) program to build shovel-ready sites across New York and ensure the State is prepared to capitalize on high-value opportunities. Since its launch in 2022, FAST NY has committed over $175 million to 20 projects, transforming nearly 3,000 acres of previously underutilized land into future economic engines of the State.

    This year’s Enacted Budget includes $100 million to launch a new round of FAST NY that prioritizes semiconductor manufacturing and supply chain projects as well as cleantech and green economy projects. This new round of funding will include a focus on equipping sites with utility access, including renewable and clean energy.

    Strengthening Communities and Promoting Economic Growth

    Transform Regional Economic Development With High-Impact Projects
    The Regional Economic Development Councils (REDCs) have driven significant progress across New York, but their current funding limits make it difficult to support large-scale, game-changing projects. To address this, Governor Hochul will refocus the REDC initiative on transformative projects that serve as high-impact economic anchors such as cultural venues, waterfront revitalization efforts, and mixed-use development projects. This new approach will maximize the benefits that REDC awards deliver for local communities and regional economies, driving growth and revitalization in every corner of the state. Governor Hochul’s FY26 Enacted Budget includes $150 million to support the REDCs.

    Continue To Revitalize Our Downtowns and Rural Communities
    Governor Hochul is committed to supporting New York State’s downtowns, large and small, and recognizes that the strength of the State lies in its partnerships with local governments. By working together to create economically, socially, and environmentally healthy community centers through downtown revitalization, the State and local governments can make life better for New Yorkers and help secure the long-term well-being of the state. To further revitalize our communities, the Enacted Budget provides $100 million for another round of the Downtown Revitalization Initiative (DRI), which has been transforming downtown neighborhoods into vibrant communities where the next generation of New Yorkers will want to live, work, and raise families. Participating communities are nominated by the State’s 10 REDCs based on the downtown’s potential for transformation. Each winning community is awarded funding to develop a downtown strategic investment plan and implement key projects that advance the community’s vision for revitalization.

    To support New York’s rural communities, the State will continue its investment in the NY Forward program, designed to advance the renaissance of our smaller downtowns. New York’s hamlets and villages serve as commercial and social centers, and support our agricultural, recreational, and tourism economies. Recognizing the distinct needs of smaller communities and their niche historical and cultural assets, the Enacted Budget includes another round of $100 million in funding for rural and smaller communities. Like the DRI program, NY Forward communities are selected in partnership with the REDCs, and the Department of State (DOS) will lead the community through an abbreviated planning process to develop a slate of readily implementable projects. The State’s investment in projects that demonstrate their ability to accelerate revitalization will strengthen the competitiveness and improve the future trajectory of New York State’s small communities and larger urban centers.

    Renew Our Commitment to Our State’s Capital City
    This year’s Executive Budget launches the Championing Albany’s Potential (CAP) Initiative, an inclusive, State-led effort to invest $400 million to revitalize the downtown core of Albany—in partnership with local stakeholders and backed by significant State resources to catalyze change. The CAP Initiative includes $200 million to make real investments into tangible strategies and projects to revitalize Albany, such as: targeted strategies that address public safety and quality of life; revitalizing vacant or dated anchor institutions; reinvigorating commercial corridors; repurposing vacant and underutilized commercial buildings for housing and other new uses; leveraging open spaces and key public assets; coordinating with ongoing planning efforts related to the redevelopment of I-787 and the Livingston Avenue rail bridge; and creating new reasons to work, visit, or live in downtown Albany. This historic investment also includes up to $150 million to renovate the New York State Museum and upgrade the exhibits to be more inviting to visitors, including families, as well as funding for the State to temporarily supplement Albany’s public safety efforts by offering enhanced State Police resources to reduce crime and increase community policing in key corridors.

    Informed by conversations with local stakeholders, the CAP Initiative will play out through a comprehensive community engagement process with the public, elected representatives, and community leaders to identify key opportunities to promote business development, bolster public safety, build out community anchors, encourage housing, and enhance affordability.

    Fueling New York’s Creative Economy

    Investments in Arts and Culture
    The FY26 Enacted Budget builds on Governor Hochul’s record investments in the New York State Council on the Arts, which provides critical support for New York’s robust nonprofit creative sector. This includes more than $80 million in general operating support grants for nonprofit arts and culture organizations and individual artists; $80 million in capital funding to support critical renovation and expansion projects; and continued funding for two new programs established in the FY25 Budget to empower artists to take stage in the State’s continued economic growth – Cultivating Havens for the Arts through Regional Murals (CHARM NY), which will fund the design and installation of public murals in communities across New York; and the “State of the Arts” Fellowship Program, which will place artist fellows at State agencies to advance public policy goals through creative approaches.

    Cement New York’s Status as a Global Capital for Media Production
    The FY26 Enacted Budget strengthens and modernizes a range of programs to ensure that New York remains the premier destination for both traditional and new media production. This includes:

    • Enhancing the New York State Film Tax Credit Program to attract more high-value productions that create good paying jobs and inject millions of dollars into local communities. Modifications include a two-year extension, a new $100 million incentive track for independent studios, a new Production Plus benefit for studios that make significant long-term investments in New York, and other tweaks to speed up payments and bring more post-production and musical scoring work in-state.
    • Amending the Digital Gaming Media Production Tax Credit to align with new industry trends and strengthen the growth of this growing industry.
    • Extending the New York City Musical and Theatrical Production Tax Credit for two years to ensure the industry returns to pre-COVID levels and continues to drive the State’s $137+ billion tourism sector.
    • Amending the Newspaper and Broadcast Media Jobs Program to allow affiliate companies to apply individually and therefore support a wider range of print and broadcast outlets across the state.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: Waller, Thank You, John

    Source: US State of New York Federal Reserve

    Thank you, Volker, and thank you for the opportunity to speak to you today.1
    John Taylor is deservedly well known for his work on monetary policy rules, the best known of which bear his name. But in the early 1980s, John was part of a broader discussion about rules versus discretion in the setting of monetary policy.
    The traditional argument for discretionary monetary policy was that any policy choice that a rule would recommend could be replicated by discretion, especially when policymakers are aware of the rule, but not vice versa. Discretion allowed more flexibility than a rule and thus was the dominant strategy for setting monetary policy.
    Then, in 1977, Finn Kydland and Ed Prescott published their paper “Rules Rather than Discretion: The Inconsistency of Optimal Plans,” which argued that policy promises made today may not be carried out in the future if there are advantages to reneging on those promises.2 Reneging on promises made by discretionary policymakers, they argued, is much easier than reneging on a policy rule, which is a way to commit to future actions.
    Kydland and Prescott provided a simple and appealing model at the end of their paper. The model had an incentive for the central bank to renege on its promise to keep inflation low, since doing so would expand the economy and lower unemployment. If rational agents knew of this incentive, they would not find the promise of low inflation credible and would therefore raise their expectations for future inflation. The central bank would then have to validate those expectations with higher inflation to avoid a recession. In the end, the economy ends up in a high-inflation equilibrium with no gains from higher output or lower unemployment.
    Kydland and Prescott then showed that if, on the other hand, the central bank could commit to following a rule to set policy, then it could not renege on its promises. As a result, inflation would stay low while yielding the same outcomes for output and employment. In this case, rules beat discretion. This was pathbreaking research, and it came to influence both the theory and practice of central banking. It was also part of the basis for Kydland and Prescott’s Nobel Prize in Economics in 2004.
    But commitment to most things in life is easier said than done. Even rules can be abandoned if it is optimal to do so. In the absence of commitment, can the central bank do anything to enhance the credibility of its promise to keep inflation low?
    In 1983, Robert Barro and David Gordon used the Kydland–Prescott example to study reputation building by the central bank.3 The basic idea is to establish a reputation for fulfilling promises. But what promises can be made in a discretionary world that the public would find credible? They showed that promising the low-inflation outcome wasn’t credible. However, the central bank could promise an inflation rate that was between the low-inflation equilibrium and the high-inflation equilibrium. If private individuals expected this intermediate inflation rate, then the gains from reneging would be reduced just enough to dissuade the central bank from breaking its promise. Consequently, promises to deliver this intermediate inflation rate were credible, and society was better off than it would be in the high-inflation world, showing that credibility really mattered in a world in which commitment was not feasible.
    I now introduce John Taylor and his work into the story, which coincided with the beginning of my own research career.
    In 1983, having read the Barro and Gordon paper, I started working on reputation-building strategies as part of my Ph.D. dissertation research. In the process, I was struck by the thought that the building of credibility and reputation hinges on the person setting monetary policy at the time: If that person leaves, does the central bank have to start over to rebuild its credibility? At the time, I had in mind Paul Volcker, whose personal credibility seemed so crucial in the Federal Reserve’s campaign to vanquish high inflation. Relying on the credibility of individual policymakers seemed like a weak foundation for sustaining the credibility of policy promises.
    That is when I went back and read John Taylor’s discussion of the Barro and Gordon paper in the Journal of Monetary Economics.4 John applauded the analytical contribution that Barro and Gordon—as well as Kydland and Prescott—had made, but he was skeptical about the practical applicability of their story. In his critique, John said, “In other well-recognized time inconsistency situations, society seems to have found ways to institute the optimal (cooperative) policy.”5
    As I read that sentence, I thought, “How does society build credibility into the institution instead of relying on the credibility of an individual?” That one sentence that John wrote in 1983 set me off on a 20-year journey studying central bank design.
    So where did it lead me?
    Around that time, Ken Rogoff published his paper on what he referred to as “conservative” central bankers.6 In his terminology, a conservative central banker was someone who disliked inflation more than the rest of society did. Rogoff showed that a conservative central banker would choose a lower rate of inflation than the average citizen but at the cost of greater instability of output and employment. This tradeoff improved social well-being, but there was one catch to this solution—there had to be safeguards to guarantee that the conservative central banker could not be fired for this policy decision, ensuring that these promises to control inflation were credible. In short, the central bank had to be independent and protected from the threats to its independence.
    This type of institutional design issue was one that I was interested in researching.
    Up until Rogoff’s work, the underlying assumption had been that the central bank was trying to maximize social welfare and that its preferences were aligned with those of society. Think of it as a “representative agent” economy. But as I read Rogoff’s work, it suggested that society consisted of people who had a variety of views about inflation, meaning that they would also have different views on the tradeoff between inflation and output stability. Consequently, members of society may have different views on how conservative the central banker should be. But where are these views coming from?
    So I tried to endogenize the heterogeneity in preferences. I had the idea that individuals all had the same fundamental preferences for inflation and output stability but that they varied if they worked in different sectors of the economy. In one sector, wages and employment were determined in a standard competitive fashion. In the other sector, wages were determined by wage contracts, and employment was determined by demand. Thus, when a negative shock hit the economy, the wage contract workers suffered a bigger reduction in employment because wages couldn’t adjust, whereas in the competitive sector, wages would adjust to soften the blow to employment—implying that if the wage contract sector got to choose a conservative central banker, they would want a more dovish central banker who would accept higher inflation in return for greater employment stability. The flexible wage workers wanted the opposite: They were more hawkish on inflation because they didn’t bear the same employment volatility. The punchline was that if political parties formed around workers from different sectors, then they would install central bankers with different policy preferences if they won the election.
    It was around that time that I read Alberto Alesina’s paper on “partisan business cycles.”7 In that paper, he assumed there were different political parties, each having different preferences about inflation and unemployment. One party was more concerned with price stability and less concerned about output stability than the other. Monetary policy and inflation outcomes were determined by the party that won a national election. As power changed hands after an election, monetary policy would differ from expected policy depending on who won the election. These election surprises would create volatility in monetary policy and thus inflation and output. In other words, elections would lead to partisan business cycles. In Alesina’s model, monetary policy was fully accountable to the electorate, which is desirable, but it came at the cost of causing greater economic instability.
    This was a brilliant paper, but, again, it raised a serious question for me: Why would society choose full electoral accountability and maximum volatility in monetary policy? Economists usually think there are tradeoffs on the margin such that “corner solutions” like these aren’t optimal. It seemed to me that there could be a welfare-improving institutional design for the central bank. I looked at the Federal Reserve’s Board of Governors structure, and I felt that electoral accountability could be achieved through the appointment process, but economic instability would be reduced by having a monetary policy board composed of current and past appointees who set policy according to majority rule. This thinking led me to taking a variant of Alesina’s model and studying how a policy board would change his results.
    I assumed that board members were appointed by the winning party of an election to serve for multiple periods. This appointment process provided accountability to the electorate via the nomination and confirmation process. To ensure that economic stability would be improved, I assumed these members served staggered and long (relative to the election cycle) terms in office.8 Furthermore, as in Rogoff’s model, board members could not be removed from office. This feature of the model captured the idea that the central bank board would be independent.
    My research showed that by having an independent policy board set monetary policy, social well-being was improved relative to Alesina’s results. Accountability to the electorate could be achieved through the nomination and confirmation process, and economic stability was enhanced by having a group of individuals set policy who could not be removed from office. This structure is the one that we have in place today at the Federal Reserve. I would argue that it has stood the test of time, and I hope that it continues to be in place for years to come.
    To conclude, I have come full circle in my professional life—from first reading that sentence that John wrote in 1983 to researching central bank independence and central bank boards for 20 years to then becoming a central bank board member, which led me here today. So, I can finally thank John for sending me on a wonderful journey that he had no idea he launched me on.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See Finn E. Kydland and Edward C. Prescott (1977), “Rules Rather than Discretion: The Inconsistency of Optimal Plans,” Journal of Political Economy, vol. 85 (June), pp. 473–92. Return to text
    3. See Robert J. Barro and David B. Gordon (1983), “Rules, Discretion and Reputation in a Model of Monetary Policy,” Journal of Monetary Economics, vol. 12 (1), pp. 101–21. Return to text
    4. See John B. Taylor (1983), “‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by Robert J. Barro and David B. Gordon,” Journal of Monetary Economics, vol. 12 (1), pp. 123–25. Return to text
    5. See Taylor, ‘”Rules, Discretion and Reputation in a Model of Monetary Policy’ by Robert J. Barro and David B. Gordon” in note 4. Return to text
    6. See Kenneth Rogoff (1985), “The Optimal Degree of Commitment to an Intermediate Monetary Target,” Quarterly Journal of Economics, vol. 100 (November), pp. 1169–89. Return to text
    7. See Alberto Alesina (1987), “Macroeconomic Policy in a Two-Party System as a Repeated Game,” Quarterly Journal of Economics, vol. 102 (August), pp. 651–78. Return to text
    8. See Christopher J. Waller (1989), “Monetary Policy Games and Central Bank Politics,” Journal of Money, Credit and Banking, vol. 21 (November), pp. 422–31; Christopher J. Waller (1992), “A Bargaining Model of Partisan Appointments to the Central Bank,” Journal of Monetary Economics, vol. 29 (June), pp. 411–28; and Christopher J. Waller (2000), “Policy Boards and Policy Smoothing,” Quarterly Journal of Economics, vol. 115 (February), pp. 305–39. Return to text

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: UPDATE – Vocodia Expands Business Plan to Include Crypto Asset Acquisition Powered by Predictive AI

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 09, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a leader in AI-driven voice automation and digital intelligence, announced today an update to its business plan to include the acquisition of crypto assets as part of its strategic growth initiatives.

    This move is supported by Vocodia’s proprietary Predictive AI technology, co-developed with its strategic partners, designed to identify and act on optimal digital asset opportunities. The company is currently in advanced negotiations with investment banks for an initial investment to support the first phase of this new initiative.

    “Our Predictive AI gives us a unique edge in the digital asset space,” said Brian Podolak, CEO of Vocodia. “We believe integrating crypto into our business model aligns with our long-term vision for value creation and innovation.”

    Further details will be announced as the investment and execution strategy are finalized.

    About Vocodia
    Vocodia Holdings Corp. (OTC: VHAI) is an AI technology company focused on building and deploying human-like voice automation agents for sales, service, and support across multiple industries.

    For media or investor inquiries, please contact:
    Investor Relations
    ir@vocodia.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI USA: Reps. Obernolte, Stevens, Weber, Hudson introduce new legislation to expedite quantum computing applications in USA

    Source: United States House of Representatives – Congressman Jay Obernolte (R-Hesperia)

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use.

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use. 

    “Quantum computing is a game-changing advancement in technology. It will dramatically increase the speed at which computers can run algorithms and solve problems, enabling new opportunities to improve our supply chains, transportation networks, electrical grid, and our communication resilience,” said Rep. Obernolte. “The Quantum Sandbox for Near-Term Applications Act will help to ensure the United States remains a global leader in not only the development but also the deployment of new quantum technologies by providing a cloud-based venue for developers to produce quantum-enabled software tools from a variety of different systems for use in sectors such as telecommunications, financial services, healthcare and defense.” 

    “The application of quantum technologies in manufacturing is vital to the future competitiveness of Michigan manufacturers. The bipartisan Quantum Sandbox for Near-Term Applications Act will create testbeds to allow innovators to test quantum discoveries in real-world applications, like advanced manufacturing,” said Rep. Haley Stevens. “This legislation will ensure businesses and researchers here at home can apply this emerging technology and help Michigan businesses continue to grow and innovate.” 

    Unlike traditional computers which store and analyze data as either zeros or ones, quantum computers operate with quantum bits, known as qubits, which are complex dual systems of both zero and one simultaneously, a concept derived from quantum physics. Although fully developed commercial quantum computing remains years away, finding new ways to tackle critical challenges is a key objective of a quantum sandbox program. Once use cases are identified, the sandbox program can provide an expedited pathway to develop targeted applications through public-private partnerships. 

    The quantum sandbox program will drive U.S. innovation toward solving critical real-world challenges impacting American society and will augment the long-term basic research currently being conducted through the National Quantum Initiative.  

    What they’re saying: 

    D-Wave CEO Alan Baratz: “We commend Representatives Obernolte, Stevens, Hudson and Weber for their continued leadership on advancing near-term applications of emerging technologies like quantum and AI. We’re already seeing meaningful progress where quantum computing is providing computational advantages. For example, the U.S. Army Engineer Research and Development Center recently developed a quantum application for wildfire management. A dedicated program to accelerate near-term quantum applications is essential to incorporating hardware and software advancements, and the quantum sandbox legislation would do just that by enabling public-private partnerships to safely test and validate applications within a 24-month timeframe. This effort is key to demonstrating the real-world viability of quantum technologies. We strongly urge its enactment this Congress.” 

    Strangeworks Founder and CEO whurley: “As a nation, our leadership in quantum technology depends on bold, forward-thinking initiatives and the Quantum Sandbox Act is a perfect example. At Strangeworks, we strongly support this legislation, which expands access to quantum computing and accelerates the development of real-world, near-term applications. With continued investment and public-private collaboration, quantum technology holds the promise to transform entire industries—advancing medical breakthroughs, driving sustainability, strengthening national security, and redefining artificial intelligence. This bill represents a pivotal step in shaping a more innovative, resilient future, and we are proud to stand behind it.” 

    Celia Merzbacher, Executive Director, QED-C: “The Quantum Economic Development Consortium (QED-C®) seeks to grow the quantum economy through the development of quantum technologies for applications in sensing, communication, and computing. As documented in various QED-C reports, there are many use cases that experts believe are highly feasible and within grasp. The Quantum Sandbox act will accelerate the discovery and development of near-term applications and in the process will build the capacity for longer term innovation as well.” 

    Alliance for Digital Innovation Executive Director Ross Nodurft: “We commend Reps. Obernolte Stevens, Weber, and Hudson for their commitment to emerging technologies such as artificial intelligence and quantum computing, and the Quantum Sandbox bill is another step in the right direction. A quantum sandbox program is a critical program to provide rapid development of new and innovative cloud-based solutions to solve public-sector challenges, and we support enactment of this legislation.” 

    Dr. Rajeeb Hazra, President & CEO of Quantinuum: “As the world’s largest integrated quantum computing company, Quantinuum strongly supports the bipartisan Quantum Sandbox for Near-Term Applications Act. This legislation is essential to ensure the continued leadership of the U.S. in this critical emerging technology. By fostering application development and accelerating commercialization, the Act will help unlock solutions to some of today’s most complex challenges across a range of critical sectors—including healthcare, energy, national security and beyond.”

    Jitesh Lalwani, CEO Artificial Brain: “Artificial Brain warmly welcomes and urges the expeditious passage of the Quantum Sandbox Act. Our company is already developing and deploying our quantum software and hybrid QML solutions on quantum hardware through the cloud, achieving huge successes across all of our use cases, including in defense and energy. Artificial Brain has been a leading industry voice on the quantum computing advantages that are already here. Now is the moment for the U.S. to act boldly. The Congressional findings agree with our own clear message: Quantum innovation is critical and foundational to the United States and that quantum and hybrid applications can provide innovative near term solutions across the public and private sector. This is why it is imperative that our country shifts our focus to developing and deploying near-term applications. We must be positioned to develop an unrivaled quantum workforce and near-term application development or risk losing behind allies and adversaries alike. This shift will take total commitment, and we are pleased to see both the Congress and Administration as supportive champions so we can seize on these near-term, value-creating opportunities. This legislation might be one of the most consequential and bipartisan achievements for U.S. innovation of this congressional term.” 

    Paul Stimers, Executive Director of the Quantum Industry Coalition: “As the US quantum industry advances the commercialization of quantum technologies, it is increasingly important for the National Quantum Initiative to include a focus on near-term applications. The Quantum Industry Coalition commends Rep. Obernolte for addressing this issue, and looks forward to incorporating it into the National Quantum Initiative reauthorization process this year.” 

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    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI USA: FDA Approves Three Food Colors from Natural Sources

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    May 09, 2025

    The U.S. Food and Drug Administration today announced it granted three new color additive petitions that will expand the palette of available colors from natural sources for manufacturers to safely use in food.
    The FDA is in line with U.S. Department of Health and Human Services Secretary Robert F. Kennedy Jr.’s priority to phase out petroleum-based dyes in the nation’s food supply as part of the administration’s broader initiative to Make America Healthy Again.
    “Today we take a major step to Make America Healthy Again,” said HHS Secretary Kennedy. “For too long, our food system has relied on synthetic, petroleum-based dyes that offer no nutritional value and pose unnecessary health risks. We’re removing these dyes and approving safe, natural alternatives—to protect families and support healthier choices.”
    Since the HHS and FDA announcement last month during a press conference at HHS on petroleum-based food dyes, more U.S. food manufacturers have committed to removing them within the FDA’s set time frame of the end of next year.
    “On April 22, I said the FDA would soon approve several new color additives and would accelerate our review of others. I’m pleased to report that promises made, have been promises kept,” said FDA Commissioner Martin A. Makary, M.D., M.P.H. “FDA staff have been moving quickly to expedite the publication of these decisions, underscoring our serious intent to transition away from petroleum-based dyes in the food supply and provide new colors from natural sources.”
    The color additive petitions approved today are for:

    Galdieria extract blue, a blue color derived from the unicellular red algae Galdieria sulphuraria. The FDA has approved the color additive for use in nonalcoholic beverages and beverage bases, fruit drinks, fruit smoothies, fruit juices, vegetable juices, dairy-based smoothies, milk shakes and flavored milks, yogurt drinks, milk-based meal replacement and nutritional beverages, breakfast cereal coatings, hard candy, soft candy and chewing gum, flavored frostings, ice cream and frozen dairy desserts, frozen fruits, water ices and popsicles, gelatin desserts, puddings and custards, and whipped cream, yogurt, frozen or liquid creamers (including non-dairy alternatives), and whipped toppings (including non-dairy alternatives). The petition was submitted by the French company Fermentalg.
    Butterfly pea flower extract, a blue color that can be used to achieve a range of shades including bright blues, intense purple, and natural greens. Produced through the water extraction of the dried flower petals of the butterfly pea plant, this color additive is already approved for use in sport drinks, fruit drinks, fruit and vegetable juices, alcoholic beverages, dairy drinks, ready to drink teas, nutritional beverages, gums, candy, coated nuts, ice creams, and yogurt. Today’s approval of a petition by St. Louis-based Sensient Colors LLC expands the approved use for coloring ready-to-eat cereals, crackers, snack mixes, hard pretzels, plain potato chips (restructured or baked), plain corn chips, tortilla chips, and multigrain chips.
    Calcium phosphate, a white color approved for use in ready-to-eat chicken products, white candy melts, doughnut sugar, and sugar for coated candies. The petition was filed by Innophos Inc. of Cranbury, New Jersey.

    Under the Federal Food, Drug, and Cosmetic Act (Chapter VII, section 721), color additives are subject to FDA approval to determine whether they are safe before they may be used in food. The FDA determines whether an additive is safe to use by considering the projected human dietary exposure to the color additive, the additive’s toxicological data, and other relevant information, such as published literature. Once the FDA approves a color additive petition, any manufacturer can use the coloring for the approved uses.
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    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: Infineon to Present at the dbVIC – Deutsche Bank ADR Virtual Investor Conference May 15th

    Source: GlobeNewswire (MIL-OSI)

    MUNICH, May 09, 2025 (GLOBE NEWSWIRE) — Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), based in Munich and a global semiconductor leader in power systems and IoT, today announced that Daniel Gyoery, Senior Director Investor Relations will present at the dbVIC – Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

    DATE: May 15th
    TIME: 9:00 EDT / 15:00 CET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Participation is free of charge.

    Recent Company Highlights

    • Infineon is the #1 global leader in automotive semiconductors, power semiconductors, and microcontrollers
    • Microcontroller: Infineon’s microcontrollers serve as the brains of smarter, safer cars and secure IoT devices. Over the past decade, the company has consistently outgrown the market and achieved the global #1 position.
    • Powering AI – from grid to core: the exponential data growth driven by digitalization and AI is increasing the energy demand of data centers. Infineon offers solutions, extending from the grid to the core to maximize the efficiency, power density and reliability of AI infrastructure.
    • Shaping mobility & Humanoid robots: ever-smarter, more integrated cars and humanoid robots need fast, secure controllers as well as high-speed networking. Infineon’s microcontroller leadership and the acquisition of Marvell Technology’s automotive ethernet business combine two world-class solutions, forming a unique system solution meeting the needs of these emerging technologies.
    • Focus on high growth and margin retention combined with consistent shareholder returns. Fiscal year 2025 guidance already includes a haircut for potential tariff headwinds.

    About Infineon
    Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:

    Infineon Technologies AG
    Daniel Györy
    Senior Director Investor Relations
    Office: +49 89 234 35078
    Daniel.Gyoery@infineon.com 

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com 

    The MIL Network –

    May 10, 2025
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