Category: Business

  • MIL-OSI Security: Investment Scammer Sentenced to 96 Months’ Imprisonment for Defrauding Alpha Influence Investors of Over $20M

    Source: Office of United States Attorneys

    SALT LAKE CITY, Utah – Jeremiah Joseph Evans, aka “The Bull,” 29, of Utah County, Utah, was sentenced today to 96 months’ imprisonment after he admitted to defrauding approximately $20,894,674 from approximately 530 investors in his company Alpha Influence LLC.  

    The sentence, imposed by Senior U.S. District Court Judge Tena Campbell, comes after Evans pleaded guilty on January 23, 2025, to securities fraud and money laundering. In addition to his term of imprisonment, Evans was sentenced to three years’ supervised release and ordered to pay $19,134,150.00 in restitution.

    According to court documents and statements made at the Evans’ change of plea and sentencing hearings, from July 2019 to July 2022, Evans fraudulently sold investments in e-commerce stores through Alpha Influence, LLC., a registered Utah corporation. Evans promised investors to secure money in exchange for the Alpha investments and fraudulently obtained approximately $20,894,674 from approximately 530 investors. As part of his scheme, Evans lied about how successful his company, how long it was in operation and promised their investment would generate consistent, predictable monthly returns, when it would not. He failed to disclose that testimonials published about Alpha Influence and its success were made by his own relatives or others who received commissions paid from investor proceeds. On one occasion, in July 2021, Evans transferred $50,000 from Alpha Influence LLC’s bank account to make a partial payment for a white Lamborghini Huracan Evo.  

    “Crime does not always come in the form of violence and for a number of years, Evans lied about the success of his company and defrauded millions of dollars from investors,” said Acting U.S. Attorney Felice John Viti of the District of Utah. “Protecting the public is a top priority for the Department of Justice and we will continue to work with our law enforcement partners to prosecute criminals and seek justice for crime victims.”

    “Today marks a significant step towards justice for the hundreds of Utahns victimized by Jeremiah ‘The Bull’ Evans’ $20 million fraud,” says Executive Director of the Utah Department of Commerce, Margaret Busse. “Evans exploited social media and Utahns’ strong community ties to lure unsuspecting investors into his scheme and caused significant harm. Schemes like this not only affect individual lives but also erode the overall public trust in legitimate investment opportunities. We deeply appreciate the unwavering dedication of the U.S. Attorney General’s Office and the tireless efforts of our own Utah Division of Securities, along with the FBI, in bringing these individuals to justice.”

    “Like many fraudsters, Mr. Evans was motivated by greed, using his victims’ money to fund a lavish lifestyle,” said Special Agent in Charge Mehtab Syed of the Salt Lake City FBI. “The sentencing shows that stealing for personal gain doesn’t pay. The FBI and our partners will hold accountable those who engage in fraudulent schemes.”

    The case was investigated jointly by the Utah Division of Securities and the FBI Salt Lake City Field Office.

    Assistant United States Attorneys Mark E. Woolf, Jennifer E. Gully, and Brian Williams of the U.S. Attorney’s Office for the District of Utah prosecuted the case.

    Attachments:

    MIL Security OSI

  • MIL-OSI USA: Senator Marshall Joins Newsmax to Discuss No Taxes on Overtime and President Trump’s Ongoing Trade Negotiations

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington – U.S. Senator Roger Marshall, M.D. (R-Kansas) joined Bob Brooks with Newsmax last night to discuss his new legislation to codify one of President Donald Trump’s key campaign promises – the Overtime Wages Tax Relief Act – as well as ongoing tariffs and trade negotiations with foreign powers. 
    You may click HERE to watch Senator Marshall’s full Newsmax interview.
    On the introduction of the Overtime Wages Tax Relief Act:
    “You know, this One Big Beautiful Bill will be President Trump’s legacy. And he wants to make sure that this bill prioritizes those hard-working Americans, those hourly wage employees you’re talking about. And that’s exactly what we do with this. We’re going to let that first $10,000 of overtime wages that you make – we’re going to make sure the government doesn’t take home any of, that’s $20,000 for a couple. That means you could keep up to $4,000 more of your hard-earned money. And you’re just absolutely right – if you weren’t a Republican before you saw that first overtime check and all the government took out of it, you were after.”
    On experiencing overtime wage taxes at a young age:
    “My first job off the farm, I wasn’t quite 16 yet. The minimum wage was… $2.30 an hour, believe it or not. And to your point, I was working at a sale barn, sorting heifers and steers, shoveling manure, those types of things. My brother and I often would work 18, 20, 24 hours at a time. And after eight hours, it was overtime, so you sat there thinking, my goodness, this is going to be a huge check. I’m saving up money to buy a car someday. And you open up that check and there you say, oh my gosh, I thought I worked all these extra hours, time and a half, and you saw the government take so much of it and across America, again, hardworking Americans, that’s exactly what they’re experiencing today.
    “So, President Trump, promises made, promises kept. He’s going to let you keep more of your hard-earned money and fulfill one more of his campaign promises.”
    On future trade deals with foreign nations:
    “Even just moments ago, President Trump announced, the White House announced that they’re going to sit down with the Chinese and work on a trade deal with them. I think they’re very close on a deal with Mexico and Canada, probably Japan as well.
    “But remember what President Trump’s goals are. His goals are to bring more manufacturing jobs, more jobs back to America, and to negotiate free and reciprocal trade agreements, trade agreements that will last and take care of our children and our children’s children, not just fix the moment.
    “I am reminded of President Eisenhower, who did so many things that it took decades to come to fruition, for people to recognize his success. So yes, we’re enduring a little bit of pain right now, but already across the state of Kansas, small manufacturing companies are having spikes in sales. Because why? Because people want to invest in American-made products and not have to deal with the potential tariffs of something coming from abroad. So, it’s already working. Things are, things are just, just starting to shine here right now, better days are ahead of us. For America, I’m not tired of winning yet.”

    MIL OSI USA News

  • MIL-OSI New Zealand: Budget 2025 – Budget priorities supported by business – BusinessNZ

    Source: BusinessNZ

    Continued R&D support and substantial infrastructure investment will figure in the 2025 Budget.
    These were among the Budget priorities outlined by the Prime Minister at BusinessNZ’s Pre-Budget lunch in Auckland today.
    The business audience reacted positively to news of continued Budget provision for the R&D tax incentive (RDTI) that supports innovation investment by firms, and to other investment in science and innovation including the establishment of three new public research organisations.
    Plans to boost spending on pro-growth infrastructure were also well received.
    BusinessNZ Chief Executive Katherine Rich says there is a general understanding in the business community that fiscal discipline by the Government is paramount, given the economic conditions it inherited.
    “There is good support for the Government keeping a tight rein on borrowing and spending, and for investing in growth.
    “The Government’s plans for encouraging science and technology, introducing more competitive business settings, promoting investment, and delivering infrastructure for growth, demonstrate a prudent approach to economic management,” Mrs Rich said.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Government passes kiwi killing bill under urgency – Greenpeace

    Source: Greenpeace

    The amendment to the Wildlife Act, New Zealand’s foundational wildlife protection law, was passed under urgency today and allows the Director-General of Conservation to grant companies permission to kill kiwi and other native wildlife if they get in the way of projects like roads, mines or dams.
    Greenpeace says it’s the latest escalation in the Luxon Government’s war on nature and is calling for the immediate repeal of the amendment and for the Government to strengthen, not weaken, protections for the country’s endangered wildlife.
    “This will go down in history as the moment the New Zealand Government decided that roads and coal mines needed protection from skinks and kiwi, instead of the other way around,” says Greenpeace spokesperson Gen Toop.
    “We’re talking about our national icon – the kiwi – being put on the chopping block so a company can build a road faster. That is not who we are as a country.”
    “We are a country revered internationally for bringing species like the kākāpō back from the brink of extinction. But we’re about to go from revered to reviled for making a law explicitly allowing big business to kill endangered wildlife for profit,” says Toop.
    All three stages of the Bill were heard under urgency this morning, with Greenpeace likening the move to Trumpian style politics.
    “Legalising killing kiwi is Trumpian style environmental vandalism. The Luxon Government clearly knows how deeply unpopular this is. It’s why they have rushed it through parliament under urgency with no chance for public input or scrutiny,” says Toop.
    According to the latest Environment Aotearoa report, nearly 80% of the country’s native birds are threatened with extinction or at risk of becoming threatened, along with 94% of indigenous reptiles. There’s only one native frog left out of 14 that is not threatened with extinction.
    “Luxon’s Government just signed a death warrant for native wildlife already on the brink of extinction. And once they’re gone, they’re gone for good,” says Toop.
    “This Government have been waging a war on nature since day one. They’ve steamrolled environmental protections with the fast track approvals act, they’re trying to reverse the oil and gas ban, they plan to dismantle the RMA, and now they have literally legalised killing kiwi.”
    The law change comes after a landmark High Court decision in the case of the Environmental Law Initiative v The Director-General of the Department of Conservation (DOC) and others. The case challenged DOC’s decision to grant Waka Kotahi permission to kill wildlife during construction of the Mt Messenger Bypass in Taranaki.
    The Judge ruled that the permit was unlawful, upending years of DOC’s practice of granting permits which authorised the killing of wildlife under the Wildlife Act.

    MIL OSI New Zealand News

  • MIL-OSI Economics: Money Market Operations as on May 07, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,98,270.16 5.75 3.00-6.85
         I. Call Money 15,647.98 5.83 4.90-5.95
         II. Triparty Repo 3,70,157.00 5.75 5.50-5.90
         III. Market Repo 2,11,034.33 5.74 3.00-6.05
         IV. Repo in Corporate Bond 1,430.85 6.04 5.95-6.85
    B. Term Segment      
         I. Notice Money** 149.50 5.73 5.35-5.90
         II. Term Money@@ 550.00 6.05-6.15
         III. Triparty Repo 8,015.95 5.88 5.80-6.00
         IV. Market Repo 1,723.88 6.01 3.50-6.12
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Wed, 07/05/2025 1 Thu, 08/05/2025 5,192.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Wed, 07/05/2025 1 Thu, 08/05/2025 493.00 6.25
    4. SDFΔ# Wed, 07/05/2025 1 Thu, 08/05/2025 1,82,611.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,76,926.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,709.21  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     34,589.21  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,42,336.79  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 07, 2025 9,55,693.56  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 07, 2025 5,192.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/279

    MIL OSI Economics

  • MIL-Evening Report: Explore the new House of Representatives

    Source: The Conversation (Au and NZ) – By Digital Storytelling Team, The Conversation

    Are you keen to know how many women there are in the new House of Representatives? And how the parties fare on gender balance?

    What about how many young people will have a vote in the parliament, given they’re such a big voting bloc?

    We’ve pulled together information from the Australian Electoral Commission, the ABC and some party websites to give you the most complete picture of the new parliament.

    Digital Storytelling Team 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. Explore the new House of Representatives – https://theconversation.com/explore-the-new-house-of-representatives-256214

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘These violations should never have occurred’: the troubled history of intercountry adoption

    Source: The Conversation (Au and NZ) – By Samara Kim, PhD Candidate & Researcher, Southern Cross University

    Korean adoptees worldwide are grappling with a devastating possibility: they were not truly orphans, but may have been made into orphans.

    For decades, adoptees were told they were “abandoned”, “rescued” or “unwanted”. Many were told their Korean families were too “poor” or “incapable” to raise them – and they should only ever feel grateful for being adopted.

    But these long-held stories are now under scrutiny.

    Our recent research interrogates the narratives that have obscured the darker realities of intercountry adoption. Rather than viewing adoption solely through the lens of “rescue”, our work examines the broader power structures that facilitated the mass migration of Korean children to western countries, including Australia.

    South Korea’s reckoning with its adoption history

    In March, South Korea’s Truth and Reconciliation Commission released its preliminary findings after collecting records and testimony from a coalition of overseas Korean adoptee-led organisations (including the Australia–US Korean Rights Group).

    The preliminary report revealed a disturbing pattern of human rights violations in the country’s adoption industry, including:

    • forced relinquishments
    • falsified records
    • babies switched at adoption
    • inadequate screening processes, and
    • deep-rooted institutional corruption.

    The commission’s chair described finding

    serious violations of the rights of adoptees, their biological parents – particularly Korean single mothers – and others involved. These violations should never have occurred.

    The commission is expected to release its final report soon, but due to the upcoming presidential election and political uncertainty in South Korea, the timeline remains unclear.

    Chilling cases

    This is not the first time intercountry adoption has made headlines for irregularities, human rights abuses, or illicit and illegal practices.

    While Australia was expanding the number of children for intercountry adoption from South Korea in the 1980s, Park In-keun – director of South Korea’s infamous Brothers Home, an illegal detention facility that sent children overseas for adoption – was arrested for embezzlement and illegal confinement.

    He was ultimately acquitted of the most serious charges in South Korea before escaping to Australia. He was then charged again in 2014 for embezzlement, including government subsidies and wages of inmates forced into slave labour in South Korea. He died two years later.

    Other allegations of human rights violations and abuses came to light around the same time with the arrest of Julie Chu.

    She was accused of facilitating a “baby export” syndicate. Children were believed to have been kidnapped from Taiwan to send to Western countries, including Australia, in the 1970s and 80s. She was convicted of forgery, but denied being involved in trafficking.

    Since then, other cases have continued to emerge involving countries such as Chile, Sri Lanka, India, Ethiopia and Guatemala.

    What is the adoption industrial complex?

    Intercountry adoption is not just a social practice. It’s also an economic and political system sometimes known as the transnational adoption industrial complex.

    This network of organisations, institutions, government policies and financial systems created a globalised adoption economy worth billions of dollars. According to numerous investigations, Western nations, as “receiving” countries, drove the demand for the continuous sourcing of children.

    As Park Geon-Tae, a senior investigator with South Korea’s Truth and Reconciliation Commission, said:

    To put it simply, there was supply because there was demand.

    Australia received an estimated 3,600 Korean children from the 1970s to the present, as part of more than 10,000 intercountry adoptions.

    Prospective parents typically paid between US$4,500 and $5,000 to facilitate acquiring a child in Australia in the 1980s, equivalent to A$21,000 today.

    Since colonisation, Australia has had a long and painful history of child removal. From the Stolen Generations involving First Nations children to the forced adoption of children born to unwed mothers, child separation has been deeply embedded in the nation’s social policy.

    While national apologies have acknowledged the irreparable harms caused by these policies, the same ideologies and structures were repurposed as the blueprint for intercountry adoption.

    In recent years, other western nations, such as Denmark, Norway, the Netherlands, Sweden and Switzerland, have begun to investigate their own roles in the intercountry adoption industry. These nations have either suspended their adoption programs, issued formal apologies or launched formal investigations.

    Thus far, Australia and the United States have not.

    Challenging the ‘rescue’ myth

    Intercountry adoption has long been framed as a humanitarian act. The central idea was that children needed “rescuing” and any life in a Western country would be “better” than one with their families in their home country.

    Many adoptees and their original families were expected to just move on or be grateful for being “saved”.

    However, research shows this gratitude narrative disregards the deep trauma caused by forced separation.

    Studies have reported that adoptees experience lifelong ruptures due to cultural, familial and ancestral displacement. Forced assimilation makes reconnection with family and culture complex or nearly impossible.

    Many intercountry adoptees have also voiced concerns about abuse, violence and mistreatment in adoptive homes.

    Questioning the ‘orphan crisis’ myth

    The myth of a global orphan crisis has also been a powerful driver of intercountry adoption.

    Adoption groups often reference outdated UNICEF estimates that there are 150 million orphans globally. However, this figure obscures the fact most of the children classified as “orphans” are children of single parents, or children currently living in homes with extended family or other caregivers.

    This was the case in South Korea. Most children sent for adoption were not true orphans, but children who had at least one parent or extended family they could have stayed with if they were adequately supported.

    The belief that millions of children of single parents were “orphans” in need of “rescue” was used to justify calls for faster, less regulated adoptions.

    Labelling these children as “orphans” also helped attract millions of dollars in philanthropic donations. However, donors were rarely interested in supporting children to stay with their families and communities in their home countries.

    Instead, the focus was often on removing and migrating them for the purpose of intercountry adoption.

    The question then emerges: was this about finding families for babies or finding babies for Western families?

    Samara Kim is a founding member of KADS Connect, an advocacy organisation for South Korean adoptees.

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

    ref. ‘These violations should never have occurred’: the troubled history of intercountry adoption – https://theconversation.com/these-violations-should-never-have-occurred-the-troubled-history-of-intercountry-adoption-254200

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Tuberville, Colleagues Introduce Legislation to Strengthen American Innovation

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)
    WASHINGTON – U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator Todd Young (R-IN) to introduce the American Innovation and Jobs Act, legislation that will expand and strengthen research and development by small businesses and startups located in the United States. The bill will help America outcompete and out-innovate global rivals, like China, who are significantly investing in research and development.
    “China is on the move and would love nothing more than to make American innovation a thing of the past,” said Senator Tuberville. “Thankfully, President Trump is 100% committed to doing whatever it takes to put American businesses first on the world stage. This bill gives us the upper hand over China by investing in research and development projects based in the United States.”
    “The United States is locked in a competition to ensure we maintain our position as the global leader in scientific and technological innovation. Our legislation would incentivize job-creating R&D activity in the United States — particularly among start-ups — to drive our innovation future, strengthen international competitiveness, and protect our national security. Congress must pass this legislation,” said Senator Young.
    Sens. Tuberville and Young are joined by Sens. Tammy Baldwin (D-WI), John Barrasso (R-WY), Katie Britt (R-AL), Ted Budd (R-NC), Shelley Moore Capito (R-WV), Chris Coons (D-DE), Steve Daines (R-MT), Deb Fischer (R-NE), Bill Hagerty (R-TN), Maggie Hassan (D-NH), Martin Heinrich (D-NM), Jon Husted (R-OH), Tim Kaine (D-VA), Mark Kelly (D-AZ), John Kennedy (R-LA), Angus King (I-ME), Amy Klobuchar (D-MN), James Lankford (R-OK), Ben Ray Lujan (D-NM), Roger Marshall (R-KS), Catherine Cortez Masto (D-NV), Jerry Moran (R-KS), Markwayne Mullin (R-OK), Patty Murray (D-WA), Jon Ossoff (D-GA), Alex Padilla (D-CA), Gary Peters (D-MI), Pete Ricketts (R-NE), Jacky Rosen (D-NV), Jeanne Shaheen (D-NH), Elissa Slotkin (D-MI), Mark Warner (D-VA), and Roger Wicker (R-MS) in cosponsoring the legislation.
    Read full text of the legislation here. 
    BACKGROUND:
    Specifically, the American Innovation and Jobs Act would:
    Restore incentives for long-term R&D investment by ensuring that companies can continue to fully deduct R&D expenses each year by repealing the change made by the Tax Cuts and Jobs Act to section 174 of the tax code.
    Expand support for innovative startups by:
    Immediately doubling the cap on the refundable R&D tax credit from $250,000 to $500,000, and ultimately raising it to $750,000 over ten years.
    Expanding access to the R&D tax credit for startups by lowering certain threshold needed to qualify.

    Expand the number of startups eligible to use the refundable R&D credit by:
    Increasing the eligibility threshold from $5 million to $15 million in gross receipts.
    Increasing the period during which startups can claim the credit from 5 years to 8 years after beginning to generate at least $25,000 in revenue.

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

    MIL OSI USA News

  • MIL-OSI USA: Tuberville, Crapo Introduce Legislation to Level Playing Field for Alabama Sporting Equipment Businesses

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)
    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) and U.S. Senator Mike Crapo (R-ID) introduced the Sporting Goods Excise Tax Modernization Act  to close a tax loophole that has resulted in lost revenue for state-led wildlife conservation efforts.  Foreign sellers should be held to the same tax regulations as domestic manufacturers, and this bill will ensure that happens. 
    “Alabama is proud to be home to hundreds of small businesses who make sporting equipment that outdoorsmen and conservationists rely on. The last thing these business owners need is to be punished for producing goods right here in the U.S.A.” said Senator Tuberville.“Under President Trump, we are laser-focused on doing everything we can to encourage domestic production. I’m proud to introduce this legislation with Senator Crapo which closes a loophole allowing foreign sellers to exploit our domestic retailers and rob money from our state conservation programs.”
    “Federal excise taxes on certain recreational outdoor sporting equipment provide funding for conservation programs,” said Senator Crapo. “This bill closes loopholes on imported fishing and archery equipment that deprive fish and wildlife conservation programs of additional critical funds. This move will help level the playing field for Idaho and American companies and strengthen existing conservation programs.”
    Numerous conservation and sporting groups, including the Alabama Department of Conservation, Archery Trade Association, Association of Fish and Wildlife Agencies, American Sportfishing Association, and The Conservation Fund haveendorsed Senator Tuberville’s legislation. 
    “We applaud Senator Tuberville’s support of the Sporting Goods Excise Tax Modernization Act,” said Chris Blankenship, Commissioner of the Alabama Department of Conservation and Natural Resources.“These funds are critical to supporting outdoor activities in the U.S. and we rely on them heavily in Alabama. This legislation will help secure state conservation funding and ensure all Americans have access to quality outdoor recreation throughout the country.”
    “The archery industry applauds Senators Crapo and Tuberville for their exceptionally strong leadership and introduction of this high priority legislation,” said Dan Forster, Vice President & Chief Conservation Officer, Archery Trade Association. “Holding foreign companies accountable for paying the federal excise tax is not only about protecting American businesses but it will help ensure that our conservation funding and outdoor heritage are protected for future generations.”
    “We thank Senators Tuberville and Crapo for their leadership in helping to make the Sport Fish Restoration and Wildlife Restoration funds whole,” said Jim Fredericks, Chair of the Association of Fish and Wildlife Agencies’ Fisheries and Water Resources Policy Committee and Director of the Idaho Department of Fish and Game.“State fisheries programs count on these funds to maintain the good quality fishing opportunities that keep our anglers coming back for more.”
    “The Sporting Goods Excise Tax Modernization Act will ensure the future viability of the Sport Fish Restoration Fund by closing a loophole and securing millions of dollars in lost excise tax revenue to improve recreational fishing,” said Glenn Hughes, President and CEO of American Sportfishing Association. “Since 1950, excise taxes on fishing equipment have provided $12 billion for conservation efforts and improved access for anglers across the country – a unique user-pay, public-benefit system that has become a cornerstone of the American conservation model. We applaud Senators Tuberville and Crapo for introducing this legislation and for their commitment to the sportfishing industry, which contributes $230 billion to the U.S. economy each year.”
    Complete text of the bill can be found here. U.S. Representatives Blake Moore (R-UT-01) and Jimmy Panetta (D-CA-19) introduced companion legislation in the House of Representatives earlier this year.
    BACKGROUND:
    For decades, the Pittman-Robertson Wildlife Restoration Act and the Dingell-Johnson Sport Fish Restoration Act have provided states and territories with essential funding for wildlife restoration, conservation, hunter education programs, and boating access programs.  These programs, funded through excise taxes on sportfishing and archery equipment, have contributed more than $1.3 billion in FY2025 to support conservation efforts across the country.
    However, a loophole in current tax policy allows some online purchases of imported sporting goods to bypass these excise taxes when purchased directly from foreign sellers, leading to a shortfall of tens of millions of dollars from going to conservation funds. Many consumers are unaware that they may be responsible for these taxes, and even those who are aware often struggle to navigate IRS guidelines on calculating and paying them. A recent Government Accountability Office (GAO) report recommended that Congress address this issue by ensuring that U.S. online marketplaces, rather than consumers, are responsible for collecting and remitting these excise taxes.
    The Sporting Goods Excise Tax Modernization Act would:
    Require U.S. online marketplaces to collect and remit federal excise taxes on imported archery and fishing equipment, treating them as the importer of record.
    Ensure that funding for state-led wildlife conservation efforts is not lost due to tax loopholes.
    Maintain fairness for domestic retailers who already pay these taxes on sporting goods they sell.
    Simplify the tax process for consumers, eliminate confusion, and ensure that conservation programs receive the full funding they deserve.
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News

  • MIL-OSI New Zealand: PM’s Science Council to set direction for science

    Source: NZ Music Month takes to the streets

    Prime Minister Christopher Luxon has today announced the new Prime Minister’s Chief Science Advisor, and the members of the Prime Minister’s Science and Technology Advisory Council.

    “We have world-class scientists in our universities and research institutes, but they’re working in a system held back by outdated settings. To unlock the full potential of science and technology, we need a sharper focus on commercialisation, better access to global investment, and clearer priorities at home,” Mr Luxon says. 

    “This Council is a new initiative to get clear, independent advice to ensure our investments in science and technology are delivering real outcomes for New Zealanders.

    “The Council will provide advice on long-term priorities for government-funded science and innovation. They will help identify areas of focus that will have the greatest benefit for Kiwis and our economy. 

    “I also expect them to provide bold and courageous advice about those areas that aren’t delivering value for New Zealanders and may need to be deprioritised. It’s about making sure we are investing in what will have the greatest impact for New Zealanders.”

    Members of the Council bring a strong mix of scientific, commercial and strategic expertise. They include:

    Sir Peter Gluckman
    Craig Piggott
    Professor Merryn Tawhai
    Komal Mistry-Mehta
    Malcolm Johns
    Dr John Roche

    “I am also pleased to announce that Dr John Roche has been appointed as the Prime Minister’s Chief Science Advisor. In this role, John will support robust decision making by providing high quality, independent scientific advice. John, in his capacity as my science advisor, will also be a member of the council.”

    Minister for Science, Innovation and Technology, Hon Dr Shane Reti, will chair the Council, with Dr John Roche as deputy chair.

    “These are highly capable individuals who understand both the science and the economic imperatives. They are prepared to make the bold calls needed to ensure the system is future-focused, outcome-driven and aligned with our economic goals,” Mr Luxon says.

    “A strong, well-directed science and innovation sector is critical to lifting productivity, creating high-value jobs and supporting a more resilient and competitive economy.”

    The Council will provide its first formal advice to the Prime Minister and Minister Reti later this year.

    Biographies of Council members:

    Sir Peter Gluckman 
    Professor Sir Peter Gluckman ONZ KNZM FRSNZ FMedSci FRS trained as a paediatrician and biomedical scientist. He is Director of Koi Tu- Centre for Informed Futures and holds a Distinguished University Professorship at the University of Auckland. He is currently the chair of the Science System Advisory Group. Sir Peter is President of the International Science Council (ISC, 2021-2026). From 2014-2021 he was the inaugural Chair of the International Network of Government Science Advice (INGSA), and from 2009-2018 he was the first Chief Science Advisor to the Prime Minister of New Zealand. He was also Science Envoy for the New Zealand Ministry of Foreign Affairs and Trade and coordinated the secretariat of the Small Advanced Economies Initiative. He has written and spoken extensively on science-policy and science-diplomacy and science-society interactions. He has received the highest scientific and civilian honours in New Zealand and numerous international scientific awards. 
    Craig Piggott
    Craig Piggott is the founder of Halter. The company’s solar-powered collar for dairy and beef cows, pairs with an app for farmers and allows cows to respond to guidance cues, enabling virtual herding and fencing while monitoring health 24/7. This innovation helps farmers increase milk and protein production propelling the company to become one of New Zealand’s fastest-growing businesses with a thriving international customer base. Craig brings experience in innovation, agriculture and business.  
    Merryn Tawhai
    Merryn Tawhai graduated from the University of Auckland with a PhD in Engineering Science in 2001. She leads a research programme at the Auckland Bioengineering Institute (ABI) in applied computational physiology of the respiratory system. Merryn is the Director of the ABI and sits on the Board of Directors for Cure Kids Ventures and the Virtual Physiological Human Institute. She was ABI’s Deputy Director for 10 years, Director of the Medical Technologies Centre of Research Excellence (MedTech CoRE), and an independent Director for Izon Science. Merryn was awarded the 2016 MacDiarmid Medal by the Royal Society of New Zealand (RSNZ) Te Apārangi, is a Fellow of the RSNZ, a Fellow of IAMBE and AIMBE, and an elected member of the Fleischner Society.
    Komal Mistry-Mehta
    Komal is Chief Innovation & Brand Officer at Fonterra and Managing Director of the Ki Tua Fund, Fonterra’s corporate venture capital arm. She leads global innovation, research and development, digital, brand and marketing functions for New Zealand’s largest company. Prior to joining the Fonterra Executive Team, Komal led Fonterra’s global health and nutrition business based in Singapore. With experience across Asia, the America’s and Europe, she has led major transformations in sales, innovation, digital enablement and technology. Komal was named New Zealand’s Young Executive of the Year in 2017 and serves on several international boards. Komal has completed the Executive Program at Stanford University School of Business and holds Bachelor of Laws and Bachelor of Management degrees from the University of Waikato. She is a Barrister and Solicitor of the High Court of New Zealand as well as a member of the New Zealand Institute of Chartered Accountants.
    Malcolm Johns
    Malcolm is the Chief Executive of Genesis Energy. Previously he was the Chief Executive of InterCity Group and held several governance roles within New Zealand’s transport, infrastructure and tourism sectors. He is Convenor of the Climate Leaders Coalition and served as Chair of the APEC Business Advisory Council leading the regional trade policy task force for climate change. Malcolm has extensive business acumen and understanding of Government systems

    John Roche 
    John was appointed MPI’s Chief Science Adviser in June 2018 to provide an independent science perspective. He leads MPI’s Science Forum, chairs the Science Governance Group at MPI and the independent Mycoplasma bovis Strategic Science Advisory Group. John is also a member of the Prime Minister’s Chief Science Adviser’s forum and is an adjunct professor in University of Auckland’s School of Biological Sciences. John was previously DairyNZ’s Principal Scientist for Animal Science. He has held science appointments in Ireland and Australia. He is also Managing Director of Down to Earth Advice Ltd. Widely published and a regular contributor to international science and farming conferences, John has an Honours degree in Agricultural Science, a Masters in Farm Systems and Pasture Management, and a PhD in Animal Nutrition.

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: CE to seek Middle East opportunities

    Source: Hong Kong Information Services

    Chief Executive John Lee will lead a delegation to the Middle East on Saturday, with his trip encompassing visits to Qatar and Kuwait.

    Executive Council member and Legislative Councillor for the Commercial Functional Constituency Jeffrey Lam, who will be part of Mr Lee’s delegation, explained that the Middle East has seen rapid development in recent years in areas such as finance, infrastructure and tourism. He believes there is significant potential for economic co-operation with Hong Kong, and that the city must accelerate its exploration of emerging overseas markets.

    Mr Lam expressed optimism about the potential for such co-operation, noting that – as an international financial centre – Hong Kong is ideally positioned to advance collaborative efforts in various sectors.

    “Especially after the import duty trade war started by the US, a lot of people do not want to rest all their investments or businesses in the US. So, they are looking into Hong Kong, the Middle East, Association of Southeast Asian Nations countries, etc.”

    Mr Lam added that he hopes the trip can facilitate opportunities for co-operation related to new energy. He highlighted that the Middle East, traditionally reliant on oil, is increasingly interested in diversifying and adopting new technologies.

    “Solar energy is another area that we can develop,” he said. “Imagine 6.5 to 8.5 hours of sunlight, how we can save that energy and use that energy. That needs technology to accomplish it.”

    Mr Lam also outlined that in addition to helping Hong Kong businesses develop opportunities overseas, the delegation hopes to bring in more capital from the Middle East region. This includes attracting companies to set up regional headquarters in Hong Kong, leveraging the city’s role as a hub connecting the Mainland and the rest of the world.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Inadmissible evidence: why a routine traffic stop and police photo went all the way to the Supreme Court

    Source: The Conversation (Au and NZ) – By Alexandra Allen-Franks, Senior Lecturer, Law School, University of Auckland, Waipapa Taumata Rau

    sebra/Shutterstock

    A recent Supreme Court decision could have far reaching consequences on how police can use photographs as evidence.

    The central question in Mahia Tamiefuna v The King was whether a photo taken by a police officer on a public road during a routine traffic stop could be used to convict a person of an unrelated crime.

    According to the decision, which became public this week, the answer is no. And there are clear and compelling reasons why a majority of the court made this call.

    The Tamiefuna case

    The Tamiefuna case started with a traffic stop by a police officer in 2019. Finding the driver was unlicensed, the officer impounded the car and the occupants had to get out.

    While they were standing on the road, the officer took pictures of them with his phone and uploaded the images to the national intelligence database.

    The photo of Tamiefuna matched CCTV footage taken three days earlier after an aggravated robbery. At the time of the robbery, police weren’t able to identify Tamiefuna because his face was obscured.

    But after the photo was uploaded to the database, police realised the clothing Tamiefuna was wearing in the photo matched the clothing from the aggravated robbery. The photo became a key piece of evidence linking him to that case and resulted in a conviction of aggravated robbery.

    His appeal against the conviction was dismissed before the case came before the Supreme Court, where a majority of the court agreed with his arguments.

    The court found the taking of the photo was unlawful and unreasonable because the officer wasn’t investigating any specific crime when he took it. Uploading the photo to the database and keeping it there was also unlawful and unreasonable.

    If the officer had been investigating a specific crime, there is a legal framework that would have allowed the taking of photos and other information by police.

    The impropriety in taking and retaining the photo was such that the court said it should have been excluded from Tamiefuna’s trial under section 30 of the Evidence Act 2006. The Crown has subsequently said it would not seek a retrial of Tamiefuna due to insufficient evidence. He is a free man.

    The majority of New Zealand’s Supreme Court found photos taken by police during a routine traffic stop could not be used to convict a person for an unrelated crime.
    Hagen Hopkins/Getty Images

    Improperly obtained evidence

    Under the Evidence Act, a judge must decide whether to exclude evidence from the trial if a court finds it was obtained improperly. That decision is made by balancing whether exclusion would be “proportionate to the wrongdoing”.

    In making that decision, the judge has to take account of “the need for an effective and credible system of justice”. If the evidence is excluded, the judge may be depriving the jury of relevant material which could help them determine what truly happened.

    As such, we need a strong justification for why it may be right to keep evidence out of a trial.

    In my view, there are two compelling justifications for what happened in Tamiefuna’s case. The first is called the “rights thesis”: the idea that we should exclude evidence if it has been obtained in breach of a defendant’s rights.

    The logic is that if parliament declares we have a right, it should be taken seriously. And there should be consequences for violating a person’s rights. When evidence is obtained through breaching a person’s rights, the most appropriate remedy is the exclusion of the evidence.

    For Tamiefuna, the evidence was obtained in breach of his right to be free from unreasonable search and seizure under section 21 of the Bill of Rights Act. With the rights thesis, we return a person back to the position they would have been in had the breach not happened.

    Protecting the integrity of the justice system

    The other justification is that we should exclude evidence if we need to uphold the integrity of the justice system (the “integrity principle”).

    Courts need the ability to exclude improperly obtained evidence, because integrity as a rule-of-law concept requires our courts to act coherently. By this logic, they shouldn’t ignore wrongdoing in the obtaining of evidence.

    The court shouldn’t condone illegal actions by state actors such as the police, while condemning some other conduct by finding someone guilty of crime. It matters if evidence is obtained in breach of a right.

    In circumstances where parliament has marked out certain rights by including them in the Bill of Rights Act, relying on evidence obtained in breach of such rights raises serious integrity concerns.

    The best way for the court to show it’s acting with integrity would be to approach this sort of evidence by presuming it should be excluded.

    This may mean that “the criminal is to go free because the constable has blundered”, as American judge Benjamin Cardazo once complained. But that is a consequence we have to accept to be sure we have an effective and credible system of justice.

    Tamiefuna’s case will likely lead to greater guidance for police around the taking of pictures so the same thing doesn’t happen in the future.

    Some people might baulk at Tamiefuna going free, but it’s the right decision overall.

    Alexandra Allen-Franks 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. Inadmissible evidence: why a routine traffic stop and police photo went all the way to the Supreme Court – https://theconversation.com/inadmissible-evidence-why-a-routine-traffic-stop-and-police-photo-went-all-the-way-to-the-supreme-court-256203

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 8, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 8, 2025.

    Women’s sports are fighting an uphill battle against our social media algorithms
    Source: The Conversation (Au and NZ) – By Hans Westerbeek, Professor of International Sport Business, Head of Sport Business Insights Group, Victoria University Women’s sport is more and more getting the attention it deserves. Stadiums are filling, television ratings for many sports are climbing and athletes such as the Matildas’ Mary Fowler, triple Olympic gold

    New taxes on super didn’t get much attention in the election campaign. But they could be tricky to implement
    Source: The Conversation (Au and NZ) – By Mark Melatos, Associate Professor of Economics, University of Sydney Poetra.RH/Shutterstock The re-election of the Albanese government has led to renewed concern about planned changes to the taxation of investment returns in superannuation funds. Labor’s emphatic victory on Saturday night, including what looks like an increased presence in

    New Caledonia’s political talks – no outcome after three days of ‘conclave’
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific Desk After three solid days of talks in retreat mode, New Caledonia’s political parties have yet to reach an agreement on the French Pacific territory’s future status. The talks, held with French Minister for Overseas Manuel Valls and French Prime Minister’s special advisor Eric Thiers, have since

    Forest home of ‘polar dinosaurs’ 120 million years ago in southern Australia recreated in detail for the first time
    Source: The Conversation (Au and NZ) – By Vera Korasidis, Lecturer in Environmental Geoscience, The University of Melbourne Artwork © Bob Nicholls 2024 Roughly 140 million to 100 million years ago, the piece of land that is modern day Australia was located much further south on Earth. In fact, what is now Victoria was once

    Ovarian cysts can be painful when they burst. When do you need to see a doctor?
    Source: The Conversation (Au and NZ) – By Anna Chruścik, Lecturer in Biomedical Sciences, University of Southern Queensland PeopleImages.com – Yuri A/Shutterstock Cysts are small pockets of fluid that form inside the body. Ovarian cysts are common, affecting around one in ten women. But sometimes they can cause pain – especially when they burst. You

    Keith Rankin Chart Analysis – International Trade over time: gifts with strings
    Analysis by Keith Rankin. The ‘see-saw’ chart above shows the accumulated ‘excess benefits’ that Aotearoa New Zealand, and a few other countries, have enjoyed from international trade over the last 40 years. These are benefits arising from ‘unbalanced trade’ which are in addition to the regular benefits – arising from efficient specialisation – of ‘balanced’

    ‘Utu’ as foreign policy: how a Māori worldview can make sense of a shifting world order
    Source: The Conversation (Au and NZ) – By Nicholas Ross Smith, Senior Research Fellow, National Centre for Research on Europe, University of Canterbury Getty Images There is a growing feeling in New Zealand that the regional geopolitical situation is becoming less stable and more conflicted. China has ramped up its Pacific engagement, most recently with

    While the Liberals haemorrhaged, the Nationals held their own. Is it time to break up the Coalition?
    Source: The Conversation (Au and NZ) – By Linda Botterill, Visiting Fellow, Crawford School of Public Policy, Australian National University Among the notable features of this year’s election campaign was that Australia’s second-oldest political party was apparently missing in action. At the same time, it managed to avoid the rout inflicted on its coalition partner.

    Why is hospital parking so expensive? Two economics researchers explain
    Source: The Conversation (Au and NZ) – By Lisa Farrell, Professor of Economics (Health Economist), RMIT University ThirtyPlus/Shutterstock Imagine having to pay A$39 dollars a day to park your car while visiting your sick child in hospital. For families already struggling in a cost-of-living crisis, hospital parking fees are not just another expense. They can

    Vietnam is poised to become a top 20 economy, so why is Australia taking so long to make trade and investment links?
    Source: The Conversation (Au and NZ) – By Anne Vo, Senior lecturer in Vietnamese culture and politics, University of Wollongong Aritra Deb/Shutterstock At a time of widespread global trade instability, Australia should be expanding and diversifying its economic partnerships. Supply chains remain fragile, and protectionist rhetoric is once again gaining traction in major Western economies.

    Marvel’s Thunderbolts* shines a light on men’s mental illness – but falls down with this outdated plotline
    Source: The Conversation (Au and NZ) – By Emily Baulch, Research Associate, Discipline of Media and Communications, University of Sydney Marvel Studios This piece contains spoilers. Marvel’s men are sad. And that’s a good thing. Thor’s depressed in Avengers: Endgame. Tony Stark has panic attacks in Iron Man 3. Peter grieves in Spider-Man: No Way

    Australia is set to be a renewables nation. After Labor’s win, there’s no turning back
    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney bmphotographer/Shutterstock An emphatic election victory for the incumbent Labor government means Australia’s rapid shift to renewable energy will continue. As Climate Change and Energy Minister Chris Bowen said on Saturday: In 2022, the Australian people

    Financial Times: The West’s shameful silence on Gaza – do more to restrain Benjamin Netanyahu
    EDITORIAL: The Financial Times editorial board After 19 months of conflict that has killed tens of thousands of Palestinians and drawn accusations of war crimes against Israel, Benjamin Netanyahu is once more preparing to escalate Israel’s offensive in Gaza. The latest plan puts Israel on course for full occupation of the Palestinian territory and would

    ‘Under no illusions’ about France, says author of new Rainbow Warrior book
    Pacific Media Watch The author of the book Eyes of Fire, one of the countless publications on the Rainbow Warrior bombing almost 40 years ago but the only one by somebody actually on board the bombed ship, says he was under no illusions that France was behind the attack. Journalist David Robie was speaking last

    Australia doesn’t have a federal Human Rights Act – but the election clears the way for overdue reform
    Source: The Conversation (Au and NZ) – By Amy Maguire, Professor in Human Rights and International Law, University of Newcastle Master1305/Shutterstock The Albanese government has achieved an historic re-election, substantially building its majority in the House of Representatives. Much has already been written about the potential for a more ambitious legislative program on the back

    Samoa down in RSF media freedom world ranking due to ‘authoritarian pressure’
    Talamua Online News Samoa has dropped in its media and information freedom world ranking from 22 in 2024 to 44 in 2025 in the latest World Press Freedom Index compiled annually by the Paris-based Reporters Without Borders (RSF). For the Pacific region, New Zealand is ranked highest at 16, Australia at 29, Fiji at 40,

    How maximum security prison inmates and officers worked together to create a farm behind bars
    Source: The Conversation (Au and NZ) – By Christian Tietz, Senior Lecturer in Industrial Design, UNSW Sydney Macquarie Correctional Centre Media Unit At Macquarie Correctional Centre in western New South Wales, a story of collaboration and persistence is unfolding. Inmates and prison officers are farming commercial quantities of fresh food in a purpose-built indoor facility.

    Can what you eat during pregnancy and breastfeeding affect whether your child develops food allergies?
    Source: The Conversation (Au and NZ) – By Jennifer Koplin, Evidence and Translation Lead, National Allergy Centre of Excellence; Chief Investigator, Centre of Food Allergy Research; Associate Professor and Group Leader, Childhood Allergy & Epidemiology Group, Child Health Research Centre, The University of Queensland Maria Evseyeva/Shutterstock Many questions pop up when you’re growing or raising

    How do you put a tariff on movies? Here’s what Trump’s plan could mean for Australia
    Source: The Conversation (Au and NZ) – By Mark David Ryan, Professor, Film, Screen, Animation, Queensland University of Technology Kirk Wester/Shutterstock US President Donald Trump’s recent announcement of a plan to impose a 100% tariff on movies “produced in foreign lands” could have a massive impact on the global entertainment industry. Film and television production

    Labor says its second term will be about productivity reform. These ideas could help shift the dial
    Source: The Conversation (Au and NZ) – By Roy Green, Emeritus Professor of Innovation, University of Technology Sydney Summit Art Creations/Shutterstock In his victory speech, Prime Minister Anthony Albanese highlighted social policy as a major factor in Labor’s electoral success, particularly Medicare, housing and cost of living relief. He was justified in doing so. But

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: ICYMI—Hagerty Joins Kudlow on Fox Business to Discuss Trump Administration’s Negotiations With China

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Kudlow on Fox Business to discuss the Trump Administration’s trade negotiations with China.

    *Click the photo above or here to watch*
    Partial Transcript
    Hagerty on the importance of holding China accountable to their end of the trade deal: “I remember being on the phone with you [Larry] during the 2018 G20 when Xi pledged to President [Donald] Trump and stopped fentanyl flowing in the United States. Of course, he didn’t do it. If you think about the $200 billion worth of goods they promised to buy from us in the phase one deal—you were there, you architected this—and they fell through on that too. So, there’s going to be a lot more proof required here. And I think [Treasury] Secretary [Scott] Bessent, Ambassador [Jamieson] Greer are going to be very focused on making certain that whatever the Chinese agreed to, that they’re going to be ascertainable goals, they’re going to be goals that have to be met. And I sure as hell wouldn’t be leading with any sort of forgiveness or easing until we see performance from China.”
    Hagerty on the stark difference between the Biden Admin’s and Trump Admin’s posture towards China: “If you think about it, these partners [other nations] want to extend and deepen their economic relationships with us, Larry. And our economic relationship has to do with security as much as it does our economies and the stronger economic ties. I think the better the opportunity is for us to lock arms from an economic and national security standpoint, and China’s going to see the writing on the walls. They’re going to be left out here. And if you think about the high standard digital trade agreement that we negotiated with Japan in the last administration—you were part of that team—that’s precisely the type of agreement that China could never abide by, with companies like Huawei and contaminated systems like this. So, we are in a position right now like we’ve never been before. I couldn’t agree with you more, [Senator] Kevin [Cramer]. I think that Secretary Bessent and Ambassador Greer have a very strong hand to play as they walk into this. And I’ll just add one more thing, Larry: what a contrast compared to the previous administration that flew four cabinet secretaries over [to China]. Psilocybin mushrooms were on the menu just begging Xi to come to San Francisco for a meeting. Things have definitely changed under President Trump and for the good.”

    MIL OSI USA News

  • MIL-OSI USA: Warren, Wyden, Schumer, Gillibrand Welcome Frank Bisignano to Social Security Administration With Nearly 200 Unanswered Questions, Push for Answers on Behalf of Americans

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    May 07, 2025
    Lawmakers send Bisignano 17 letters previously sent to Acting Commissioner Dudek
    “We are extraordinarily concerned about the future of the SSA under the Trump Administration, and Americans deserve information about the fate of their benefits under your watch.”
    Text of Letter (PDF)
    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Finance Committee Ron Wyden (D-Ore.), Minority Leader Chuck Schumer (D-N.Y.), and Ranking Member of the Senate Aging Committee Kirsten Gillibrand (D-N.Y.) welcomed newly-confirmed Commissioner of the Social Security Administration (SSA) Frank Bisignano to the agency with copies of 17 letters — containing nearly 200 unanswered questions — the lawmakers had previously sent to the SSA under Acting Commissioner Leland Dudek. The push is the latest in the Senate Democrats’ Social Security War Room efforts to fight back against Donald Trump and Elon Musk’s attack on Social Security.
    “We are extraordinarily concerned about the future of the SSA under the Trump Administration, and Americans deserve information about the fate of their benefits under your watch,” wrote the lawmakers.
    Since President Trump took office, co-president Elon Musk and his DOGE team have worked to dismantle the Social Security Administration. Senate Democrats sent 17 letters to the SSA — helmed by then-Acting Commissioner Leland Dudek — pressing for answers and fighting back against the attack on Americans’ services and benefits.
    Following Senate Republicans’ vote to confirm Frank Bisignano last night, the lawmakers redelivered the 17 letters sent to Dudek, along with a note pressing Bisignano to respond to the letters and answer for DOGE’s attacks on the SSA.  
    “We have not received responses to the vast majority of our questions. In fact, Acting Commissioner Leland Dudek has reportedly instructed staff to not respond to public or congressional inquiries. The limited answers we have received have been unsatisfactory,” wrote the lawmakers.
    The lawmakers also highlighted their past requests for information from Bisignano — most of which went unanswered. 
    “You repeatedly claimed that, because you were not yet working at SSA, you did not have sufficient information to answer. You made these claims despite the fact that a former SSA employee whistleblower has reported that you have been participating extensively in high-level operational, management, and personnel decisions at SSA. Regardless of your previous claims, though, you have now been sworn in and have access to the information you claimed you need to provide us answers,” wrote the lawmakers.
    Following Bisignano’s official swearing-in as SSA Commissioner earlier today, the lawmakers pressed him for urgent answers on behalf of the American people.
    Senate Democrats’ Social Security War Room is a coordinated effort to fight back against the Trump administration’s attack on Americans’ Social Security. The War Room coordinates messaging across the Senate Democratic Caucus and external stakeholders; encourages grassroots engagement by providing opportunities for Americans to share what Social Security means to them; and educates Senate staff, the American public, and stakeholders about Republicans’ agenda and their continued cuts to Americans’ Social Security services and benefits.

    MIL OSI USA News

  • MIL-OSI Russia: Poll: 86% of respondents rate China’s digital innovation highly

    Translation. Region: Russian Federal

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

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

    BEIJING, May 8 (Xinhua) — Eighty-six percent of respondents rated China’s achievements in digital technology highly, according to a report released Wednesday by the Renmin University of China (RUC) in Beijing.

    The Global Digital Perceptions Report 2025, conducted by the university’s Global Opinion Research Centre, surveyed 7,599 participants from 38 countries using an international online sample.

    The report covers five key areas, including improvements in daily life brought by digital technologies, expectations and concerns about artificial intelligence (AI), and the growing acceptance of China’s digital technologies in the Global South.

    Regional analysis shows that the highest approval rates for Chinese digital technologies are in Africa at 94.3 percent, South America at 93 percent, Southeast Asia at 91.1 percent, South Asia and Central Asia at 90.7 percent, and the Middle East at 88.1 percent.

    According to the report, more than half of respondents consider artificial intelligence and e-commerce to be the leading digital sectors in China. E-commerce platforms such as Temu and SHEIN are rapidly expanding globally due to their competitive prices and efficient supply chains.

    Meanwhile, Chinese AI companies are making rapid progress with open and dynamic development strategies. In regions such as Africa, Chinese AI is increasingly seen as a driving force for intelligent infrastructure and digital governance.

    “Chinese tech companies are widely known as leaders in digital innovation. Earlier this year, the DeepSeek R1 demonstrated high performance with minimal computing resources. Tencent’s Hunyuan and Alibaba’s Qwen large language models also ranked among the leaders in the tests. Meanwhile, Alipay and WeChat Pay continue to expand globally, providing users with convenient payment solutions,” said Zhang Di, a professor at NUS’s School of Journalism and Communication.

    The report also noted that 83.6 percent of respondents from the Global South view Chinese digital technology as a positive force in their countries. Cooperation in technology, infrastructure, and talent development is strengthening, supporting both the internationalization of Chinese tech companies and digital growth in these countries.

    Globally, attitudes toward innovation differ significantly between developing and developed countries: 74.2 percent of people in developing countries closely follow global technology trends, compared with only 50.5 percent in developed countries.

    The survey found that 62.7 percent of respondents believe AI has a positive impact on work efficiency, while 64.9 percent see benefits in student learning. However, only 34.9 percent expressed optimism about AI’s impact on employment opportunities. -0-

    MIL OSI Russia News

  • MIL-OSI New Zealand: MPI helps farmers prepare for winter grazing season

    Source: police-emblem-97

    The Ministry for Primary Industries (MPI) will step up proactive farm visits and provide practical advice for farmers in the lead-up to the winter grazing season, says MPI national response manager Andrew Curtis.

    “We will prioritise visits to farms where it can be more problematic to manage soil conditions during periods of wet weather,” says Mr Curtis.

    “We’ll be assessing these farms before livestock start grazing winter feed and they will be closely monitored to ensure they are meeting animal welfare standards. We will do follow-up visits in June.”

    Alongside the above, MPI has been working with regional councils and industry groups, especially in Otago and Southland, to develop practical information to help farmers prepare.

    “This includes an information flyer that contains a winter grazing checklist. Extra support is available for Southland farmers around managing their animals and reducing mud build up should they need it,” says Mr Curtis.

    “Most farmers work hard to do the right thing and have carefully planned ahead to look after their animals.

    “Some farmers will need to continue adapting their approaches to ensure they have more robust back-up plans during extreme weather, which can come with little warning.

    “A well-planned winter grazing system supports good animal health and welfare. It ensures animals have sufficient and appropriate feed, access to clean water, and comfortable areas to lie down and rest.”

    MPI’s proactive on-the-ground support aims to ensure better outcomes for livestock, the environment, and farmers.

    “MPI will also have a helicopter in the air from time to time so that we can pinpoint potential winter grazing problem areas,” Mr Curtis says.

    Earlier this year MPI successfully prosecuted a Southland livestock grazing company for allowing hundreds of cattle to graze in mud with the company fined $48,750.

    Southland livestock grazing company fined $48,750 over hundreds of cattle grazing in mud

    “We visited numerous properties throughout Southland during winter 2024 and found most farmers were on top of their winter grazing requirements with good plans in place,” says Mr Curtis.

    “Sector groups have useful resources and information on their websites to help minimise the amount of mud created during winter grazing, such as back fencing and using portable water troughs to reduce walking distances for livestock.”

    Winter grazing is an annual practice where livestock are grazed on forage crops between May and September throughout Southland, much of Otago and other parts of New Zealand.

    Further information about winter grazing

    Animal welfare is everyone’s responsibility and MPI strongly encourages any member of the public who is aware of animal ill-treatment or cruelty to report it to the MPI animal welfare complaints freephone 0800 00 83 33.

    For further information and general enquiries, email info@mpi.govt.nz

    For media enquiries, contact the media team on 029 894 0328.

    MIL OSI New Zealand News

  • MIL-OSI Banking: Samsung QLED TVs Earn ‘Real Quantum Dot Display’ Certification From TÜV Rheinland

    Source: Samsung

     
    Samsung Electronics today announced that its latest lineup of QLED TVs has received ‘Real Quantum Dot Display’ certification from TÜV Rheinland, an international certification organization based in Germany. The certification verifies that Samsung’s QLED TVs meet global standards for quantum dot display structure, reinforcing the company’s technological leadership in the premium TV market.
     
    The certification confirms that Samsung QLED TVs comply with the International Electrotechnical Commission (IEC) 62595-1-6 standard, which defines the application of quantum dot (QD) light converting unit combined with blue light sources for standard QLED displays.
     
    As part of the certification process, TÜV Rheinland analyzed the light spectrum produced by Samsung QLED TVs and confirmed that it displayed clear separation between red, green and blue — an important marker of color accuracy. This distinction is enabled by quantum dots and may not be as pronounced in displays using alternative materials, which can sometimes cause color mixing or reduced clarity. The results demonstrate how Samsung’s use of quantum dots contributes to delivering vivid and precise color expression.
     
    With the latest certification, Samsung’s QLED TVs are officially validated as true quantum dot displays, further differentiating Samsung’s offerings and strengthening consumer trust in premium television technologies.
     
    “This certification objectively validates that Samsung QLED TVs deliver true quantum dot performance built to international standards,” said Taeyong Son, Executive Vice President of Visual Display Business at Samsung Electronics. “We will continue to drive innovation and strengthen consumer trust as we lead the premium TV market.”
     
    The series that have received certification include the Neo QLED 8K (QN990F, QN950F), Neo QLED 4K (QN90F, QN85F, QN80F, QN70F) and QLED 4K (Q8F, Q7F, Q6F) series.
     
    Quantum dots are ultra-fine nanomaterials, tens of thousands of times smaller than a human hair, renowned for their ability to reproduce precise and vivid colors depending on light wavelength. The method by which quantum dots are integrated into display panels has become a key indicator for evaluating technological advancement in the premium TV segment.
     
    Separately, Samsung’s quantum dot technology has also been recognized by global testing organization Société Générale de Surveillance (SGS) for its excellence in cadmium-free design — an environmentally conscious approach that eliminates the use of cadmium, a toxic heavy metal known to pose risks to human health and the environment.

    MIL OSI Global Banks

  • MIL-Evening Report: New taxes on super didn’t get much attention in the election campaign. But they could be tricky to implement

    Source: The Conversation (Au and NZ) – By Mark Melatos, Associate Professor of Economics, University of Sydney

    Poetra.RH/Shutterstock

    The re-election of the Albanese government has led to renewed concern about planned changes to the taxation of investment returns in superannuation funds.

    Labor’s emphatic victory on Saturday night, including what looks like an increased presence in the Senate, suggests the legislation is likely to become law in the near future.

    Retirement income in Australia

    Australia’s retirement income system comprises two pillars: a government-funded age pension as well as private superannuation.

    Super includes compulsory employer-funded contributions as well as additional personal contributions.

    These two pillars are complementary; a person can receive a pension even if they have private super. But the more super they have, the less pension they are eligible for.

    About 70% of superannuation assets are held in Australian Prudential Regulation Authority (APRA)-regulated funds and 25% are held in self-managed super funds (SMSFs).

    There are two types of tax – and tax concessions – on super. First, employer contributions and capped personal contributions are taxed at a concessional rate of 15%. Second, income earned by a super fund is taxed at 15% for balances in the accumulation phase (when contributions are being made). Income earned in the pension phase is tax-free.

    So what does the proposed reform entail?

    Starting July 1, the government proposes to increase the concessional tax rate on super account earnings in the accumulation phase from 15% to 30% for balances above A$3 million.

    Those affected – about 80,000 super account holders, or 0.5% of the total – will continue to benefit from the existing 15% concessional tax rate on earnings on the first $3 million of their super balance.

    They will also be able to carry forward any loss as an offset against their tax liability in future years.

    The proposed increase in taxes would affect about 80,000 account holders.
    Fizkes/Shutterstock

    Concerns with the proposed reform

    Concerns have been raised this reform implies the taxation of unrealised capital gains on assets held in super accounts, such as shares or property, even if they have not been sold.

    This is, indeed, a significant departure from the status quo. Both APRA-regulated funds and SMSFs are currently only required to pay capital gains tax once the asset is sold and the gain is crystallised.

    The move to tax unrealised capital gains is likely to prove particularly onerous for SMSFs. The typical industry super fund has a diversified portfolio of assets of varying liquidity, including significant cash holdings. But SMSF portfolios are often dominated by a large and illiquid asset (ones that cannot be easily sold and converted into cash) such as a farm or business property.

    As a result, an SMSF facing a large unrealised capital gain, say from an increase in property values, may not have sufficient cash flow to pay the associated tax bill. The SMSF trustee might be forced to prematurely sell assets to meet the fund’s tax liability.

    In the United States, President Joe Biden’s 2025 budget included a similar proposal to tax unrealised capital gains for households with more than US$100 million in wealth.

    Purpose of the proposed reform

    In announcing this initiative, Treasurer Jim Chalmers suggested the motivation was two-fold.

    First, the federal government is facing pressure on the budget bottom line and generous tax concessions for super are becoming expensive.

    Second, current super tax concessions are highly regressive. This means most benefits of the concessions flow to the wealthiest households which, in any case, will not be eligible for the pension.

    The cost of current super concessions to the federal budget is about $50 billion in foregone revenue, according to Treasury. That is almost the cost of the age pension.

    The Grattan Institute argues superannuation has become a “taxpayer-funded inheritance scheme”. A Treasury review found most Australians die with large outstanding super balances.

    The Association of Superannuation Funds of Australia Retirement Standard calculates that, for a comfortable retirement, a couple needs a super balance of about $700,000 if they retire at age 67. The $3 million threshold is out of the ballpark. However, if the threshold is not indexed more people will be affected over time.

    So, is this reform useful?

    According to the government’s Retirement Income Review, the objective of Australia’s super system should be to “deliver adequate standards of living in retirement in an equitable, sustainable and cohesive way”.

    While the proposed tax change aims to improve the equity and sustainability of Australia’s super system, it is not clear how it will work in practice.

    In response to SMSF concerns about the difficulty in paying tax bills, the government’s proposal gives taxpayers 84 days to pay the tax liability instead of the usual 21 days. This hardly mitigates the risk that SMSF trustees may have to liquidate the main asset in their fund.

    The Biden proposal had presented an alternative model, allowing for the tax liability to be paid over several years, not all at once. Alternatively, taxpayers could pay an interest-like charge while deferring their unrealised capital gains tax liability.

    Such alternatives do not appear to have been seriously considered in the Australian government’s proposal.

    Ultimately, though, the question must be asked: is taxing volatile unrealised capital gains really the most effective way to improve equity in, and the sustainability of, the superannuation system?

    Mark Melatos 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. New taxes on super didn’t get much attention in the election campaign. But they could be tricky to implement – https://theconversation.com/new-taxes-on-super-didnt-get-much-attention-in-the-election-campaign-but-they-could-be-tricky-to-implement-255871

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Women’s sports are fighting an uphill battle against our social media algorithms

    Source: The Conversation (Au and NZ) – By Hans Westerbeek, Professor of International Sport Business, Head of Sport Business Insights Group, Victoria University

    Women’s sport is more and more getting the attention it deserves.

    Stadiums are filling, television ratings for many sports are climbing and athletes such as the Matildas’ Mary Fowler, triple Olympic gold medallist Jess Fox and star cricketer Ellyse Perry are becoming household names.

    Despite this progress, an invisible threat looms, one that risks undoing years of advocacy and momentum.

    That threat is the algorithm.

    How sports consumption is changing

    As more fans consume sport through digital platforms such as YouTube, TikTok, Instagram and increasingly, AI-curated streaming services such as WSC Sports, the content they see is being selected not by editors but by artificial intelligence (AI).

    Algorithms, trained to maximise engagement and profits, are deciding what appears in your feed, which video auto-plays next, and which highlights are pushed to the top of your screen.

    But here is the problem: algorithms prioritise content that is already popular.

    That usually means men’s sport.

    This creates what researchers call an echo chamber effect, where users are shown more of what they already engage with and less of what they don’t.

    In sport, this can be deeply problematic.

    If a user clicks on highlights from the AFL men’s competition for example, the algorithm will respond by serving up more men’s footy content.

    Over time, content from women’s competitions risks being squeezed out, not because it is unworthy but because it has not yet achieved the same levels of engagement.

    This is not a glitch, it is a structural flaw in how digital platforms are designed to serve content.

    It means women’s sport, already underrepresented in traditional media, risks becoming all but invisible to many users in this AI-driven ecosystem.

    Also, generative AI tools such as ChatGPT, Sora and others don’t just curate content, they now create it.

    Match reports, fan commentary, video summaries and social posts are being generated by machines. But these systems are trained on historical data, which overwhelmingly favours men’s sport.

    So, the more content the algorithm generates, the more it reproduces the same imbalance. What was once human bias is now being automated and scaled across millions of screens.

    This may sound abstract, but it has real-world consequences.

    Young fans raised on algorithmically curated content are less likely to see women’s sport unless they actively search for it. And if they don’t see it, they don’t form emotional attachments to it.

    That has major implications for ticket sales, merchandise, viewership and sponsorship investment.

    An uphill battle

    In short, visibility drives viability. If women’s sport becomes digitally invisible, it risks becoming financially unsustainable.

    A 2024 study in Victoria shows only around 15% of traditional sports media coverage in the state goes to women’s sport. This mirrors a 2019 European Union study across 22 countries, which found 85% of print media coverage is dedicated to male athletes.

    And while progress has been made, particularly during events such as the FIFA Women’s World Cup or the Olympics, regular, everyday visibility remains an uphill battle.

    AI threatens to compound these historic disparities. A 2024 study found algorithms trained on historical data reproduce and even amplify gender bias.

    The very systems that could democratise access to sport content may, in fact, be reinforcing old inequalities.

    What can be done?

    We can’t turn off the algorithm. But we can hold it to account.

    Platforms like YouTube, TikTok and Netflix should be required to undergo independent algorithmic audits.

    These would evaluate whether content recommendation engines are systemically under-representing women’s sport and propose changes.

    In Europe, the Artificial Intelligence Act, one of the world’s first comprehensive AI regulations, requires transparency and oversight for high-risk AI applications. Australia and other countries should consider similar obligations for content platforms.

    Sport organisations and broadcasters need to create intentional pathways for fans to discover women’s sport, even if they haven’t previously engaged with it.

    That means curated playlists, featured stories and digital campaigns that surface content outside the fan’s usual algorithmic bubble.

    Platforms must balance personalisation with diversity.

    We also need better media literacy, especially for younger audiences. Fans should be encouraged to explore beyond what’s served to them, seek out women’s sport channels, and recognise when the algorithm is reinforcing narrow viewing habits.

    Teaching this in schools, sport clubs and community programs could make a big difference.

    An opportunity for Australia

    Australia is well placed to lead this change because our women’s national teams are globally competitive, our domestic leagues are growing and fan appetite is rising.

    But without visibility, this momentum can fade. We must remember that algorithms don’t just reflect our preferences, they shape them.

    In an age where AI can dictate what we see, the battle for attention becomes even more crucial.

    If we want women’s sport to thrive every week, we need to ensure it is seen, heard and valued in the digital spaces where fandom now lives.

    Because in the age of AI, what we don’t see may be just as powerful as what we do.

    Hans Westerbeek 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. Women’s sports are fighting an uphill battle against our social media algorithms – https://theconversation.com/womens-sports-are-fighting-an-uphill-battle-against-our-social-media-algorithms-255001

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: First National Bank Alaska announces unaudited results for first quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    ANCHORAGE, Alaska, May 07, 2025 (GLOBE NEWSWIRE) — First National Bank Alaska’s (OTCQX:FBAK) net income for the first quarter of 2025 was $17.7 million, or $5.60 per share. This compares to a net income of $13.5 million, or $4.26 per share, for the same period in 2024.

    “The momentum we gained in 2024 propelled the bank to a very strong first quarter performance,” said First National Board Chair and CEO/President Betsy Lawer. “Our unrivaled 600-plus employees are delivering dynamic improvements to services across the bank. By focusing on improving our customer experiences whether in person or online, we are creating efficiencies in our operations, enhancing cybersecurity awareness and reducing the impact of fraud on the bank and our customers. Our balance sheet remains well positioned to support opportunities for Alaskans.”

    Loans totaled $2.6 billion as of March 31, 2025, an increase of $137.1 million during first quarter 2025, and an increase of $237.8 million compared to the same period in 2024. First quarter loan quality was strong with nonperforming loans of $4.2 million, 0.16% of outstanding loans compared to $4.3 million and 0.17% as of Dec. 31, 2024. The provision for credit losses totaled $1.5 million as of March 31, 2025, compared to $0.9 million as of March 31, 2024. The allowance for credit losses as of March 31, 2025 totaled $19.5 million, or 0.75% of total loans.

    First quarter total interest and loan fee income was $56.0 million, a 5.9% decrease from $59.5 million for the first quarter ended March 31, 2024. The bank repaid all borrowings in 2024 reducing earning assets. Interest income to average earning assets increased to 4.61% compared to 4.28% as of March 31, 2024.

    Assets totaled $4.9 billion as of March 31, 2025, decreasing $322.9 million primarily due to the repayments under the Federal Reserve Bank Term Funding Program during 2024. Return on assets as of March 31, 2025, increased to 1.42%, forty-seven basis points higher than first quarter 2024, on strong first quarter net income performance.

    Deposits and repurchase agreements totaled $4.3 billion as of March 31, 2025, compared to $4.2 billion as of March 31, 2024, and $4.4 billion as of Dec. 31, 2024. First quarter activity represented normal seasonal outflow.

    Total interest expense for the quarter decreased $9.2 million compared to the quarter ended March 31, 2024 without interest incurred on borrowed funds. Interest expense to average earning assets decreased to 98 basis points compared to 1.52% as of March 31, 2024. Net interest margin through March 31, 2025, was 3.63% compared to 2.76% for the year ended March 31, 2024.

    Noninterest income for first quarter 2025 was $6.8 million, an increase of 3.5% compared to first quarter 2024. Quarterly improvement occurred in fiduciary, mortgage loan servicing, and bankcard activities. Noninterest expenses for the first quarter of 2025 increased 1.0% compared to the same period in 2024. The efficiency ratio for March 31, 2025, was 49.70% and remains better than First National’s peer groups, both in Alaska and across the nation.

    Shareholders’ equity was $535.1 million as of March 31, 2025, compared to $516.6 million as of Dec. 31, 2024. This $18.5 million increase resulted from a decrease in the net unrealized loss position of the securities portfolio and net income retained in excess of dividends paid. Return on equity as of March 31, 2025, was 13.49% compared to 13.60% as of Dec. 31, 2024. Book value per share increased to $168.98, compared to $163.11 as of Dec. 31, 2024. The bank’s March 31, 2025, Tier 1 leverage capital ratio of 11.72% remains above well-capitalized standards.

    ABOUT FIRST NATIONAL BANK ALASKA

    Alaska’s community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world.

    In 2025, Forbes selected First National as the sixth best bank on their America’s Best Banks list, and Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions. In 2024, Alaska Business readers voted First National “Best of Alaska Business” in the Best Place to Work category for the ninth year in a row, Best Bank/Credit Union for the fourth time, and Best Customer Service. The bank was also voted “Best of Alaska” in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a “Best Bank to Work For” in 2024, for the seventh consecutive year.

    For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency.

    First National Bank Alaska is a Member FDIC, Equal Housing Lender, and recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women.

    CONTACT: Marketing, 907-777-3451

       
      Quarter Ended ($ in thousands)
    Financial Overview (Unaudited)
      3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024
    Balance Sheet          
    Total Assets $ 4,890,081   $ 4,997,767   $ 5,557,306   $ 5,116,066   $ 5,212,976  
    Total Securities $ 1,882,332   $ 1,928,625   $ 2,602,519   $ 2,197,788   $ 2,404,078  
    Total Loans $ 2,607,081   $ 2,469,935   $ 2,445,596   $ 2,391,593   $ 2,369,282  
    Total Deposits $ 3,580,147   $ 3,679,155   $ 3,728,181   $ 3,698,631   $ 3,665,066  
    Repurchase Agreements $ 716,908   $ 743,193   $ 647,043   $ 615,096   $ 571,463  
    Total Deposits and Repurchase Agreements $ 4,297,055   $ 4,422,348   $ 4,375,224   $ 4,313,727   $ 4,236,529  
    Total Borrowing under the Federal Reserve Bank Term Funding Program $   $   $ 249,868   $ 249,868   $ 430,000  
    Unrealized loss on marketable securities, net of tax $ (49,465 ) $ (62,985 ) $ (52,020 ) $ (86,857 ) $ (95,809 )
    Total Shareholders’ Equity $ 535,148   $ 516,562   $ 527,864   $ 485,167   $ 470,702  
               
    Income Statement          
    Total Interest And Loan Fee Income $ 56,005   $ 63,439   $ 64,615   $ 56,773   $ 59,493  
    Total Interest Expense $ 11,956   $ 18,591   $ 21,319   $ 16,521   $ 21,168  
    Provision for Credit Losses $ 1,535   $ (118 ) $ (432 ) $ 318   $ 953  
    Total Noninterest Income $ 6,768   $ 7,011   $ 7,293   $ 7,389   $ 6,540  
    Total Noninterest Expense $ 25,334   $ 27,696   $ 25,928   $ 25,637   $ 25,085  
    Provision for Income Taxes $ 6,214   $ 4,350   $ 7,099   $ 6,039   $ 5,351  
    Net Income $ 17,734   $ 19,931   $ 17,994   $ 15,647   $ 13,476  
    Earnings per common share $ 5.60   $ 6.29   $ 5.68   $ 4.94   $ 4.26  
    Dividend per common share $ 4.00   $ 6.40   $ 3.20   $ 3.20   $ 3.20  
               
    Financial Measures          
    Return on Assets   1.42 %   1.22 %   1.15 %   1.08 %   0.95 %
    Return on Equity   13.49 %   13.60 %   12.90 %   12.30 %   11.52 %
    Net Interest Margin   3.63 %   3.12 %   3.04 %   2.98 %   2.76 %
    Interest Income to Average Earning Assets   4.61 %   4.57 %   4.51 %   4.40 %   4.28 %
    Interest Expense to Average Earning Assets   0.98 %   1.45 %   1.47 %   1.42 %   1.52 %
    Efficiency Ratio   49.70 %   53.51 %   53.59 %   54.94 %   56.00 %
               
    Capital          
    Shareholders’ Equity/Total Assets   10.94 %   10.34 %   9.50 %   9.48 %   9.03 %
    Tier 1 Leverage Ratio   0.98 %   1.45 %   1.47 %   1.42 %   1.52 %
    Regulatory Well Capitalized Minimum Ratio – Tier 1 Leverage Ratio   5.00 %   5.00 %   5.00 %   5.00 %   5.00 %
    Tier 1 (Core) Capital $ 584,613   $ 579,547   $ 579,884   $ 572,024   $ 566,511  
               
    Credit Quality          
    Nonperforming Loans and OREO $ 4,243   $ 4,313   $ 4,186   $ 4,731   $ 28,634  
    Nonperforming Loans and OREO/Total Loans   0.16 %   0.17 %   0.17 %   0.20 %   1.21 %
    Nonperforming Loans and OREO/Tier 1 Capital   0.73 %   0.74 %   0.72 %   0.83 %   5.05 %
    Allowance for Loan Losses $ 19,500   $ 18,025   $ 18,550   $ 19,000   $ 18,800  
    Allowance for Loan Losses/Total Loans   0.75 %   0.73 %   0.76 %   0.79 %   0.79 %
               
    Net interest margin, yields, and efficiency ratios are tax effected.      
    Financial measures are year-to-date.          
    Per common share amounts are not in thousands.        
               

    The MIL Network

  • MIL-OSI New Zealand: Release: Bill launched to stop tobacco industry lobbying

    Source:

    Labour is launching a members’ bill to stop the Government from putting tobacco industry interests ahead of public health.

    “The Tobacco Transparency Bill will strengthen the law surrounding tobacco industry lobbying, to ensure tobacco profits are never put ahead of New Zealander’s health,” Labour health spokesperson Ayesha Verrall said.

    “This Bill aims to prohibit government support for the tobacco industry and requires transparency around tobacco lobbying.

    “Around the world, tobacco companies have a long history of influencing and weakening health policies to better suit their bottom line.

    “This Bill will address those influences, and help us protect people’s health by meeting the obligations we’ve signed up to under the World Health Organisation’s Framework Convention on Tobacco Control.

    “One of those obligations is to protect tobacco policy from ‘commercial and vested interests of the tobacco industry’.

    “New Zealand’s 2025 smokefree goal is at risk and we need to be doing everything we can to meet it, to save lives, and keep people healthy and out of hospital.

    “Our world-leading smokefree laws were scrapped by the National Government and smoking rates in New Zealand have risen for the first time in over a decade.

    “It’s time we get rid of the smokescreen and protect Kiwis from big tobacco’s lobbying tactics – they have no place in health policy,” Ayesha Verrall said.


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    MIL OSI New Zealand News

  • MIL-OSI Submissions: Africa – The Islamic Development Bank (IsDB) Group Entities to Host the 13th Private Sector Forum in Algiers, Algeria (20-22 May 2025)

    SOURCE: Islamic Development Bank Group (IsDB Group)

    The forum will enhance public-private partnerships by strengthening collaboration between governments and private enterprises to drive economic diversification and sustainable development

    ALGIERS, Algeria, May 6, 2025/ — The Entities of the Islamic Development Bank (IsDB) Group (www.IsDB.org), including the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC), in collaboration with the Islamic Development Bank Group Business Forum (THIQAH), are pleased to announce the 13th edition of the Private Sector Forum (PSF 2025), taking place from May 20 to 22, 2025, at the Abdelatif Rahal International Conference Center in Algiers, Algeria. This prestigious event will take place on the sidelines of the IsDB Group Annual Meetings and is organized under the high patronage of His Excellency Abdelmadjid Tebboune, President of the People’s Democratic Republic of Algeria.

    Under the theme “Diversifying Economies, Enriching Lives” PSF 2025 aims to reinforce the pivotal role of the private sector in fostering sustainable economic growth, enhancing trade and investment flows, and unlocking opportunities for strategic partnerships across the IsDB member countries. The forum will provide an exclusive platform for key stakeholders to explore new business opportunities, exchange knowledge, and strengthen regional and international economic cooperation.

    PSF 2025 will promote investment and trade by highlighting emerging opportunities in key sectors such as infrastructure, energy, technology, healthcare, and finance while facilitating cross-border investments and trade.  The forum will enhance public-private partnerships by strengthening collaboration between governments and private enterprises to drive economic diversification and sustainable development. It will also empower entrepreneurs and startups by providing a dedicated platform to support innovative startups and SMEs through networking, capacity-building, and funding opportunities.  Additionally, it will facilitate business networking by organizing B2B and B2G meetings, fostering strategic alliances between businesses, investors, policymakers, and financial institutions.  Finally, it will showcase success stories and best practices by sharing real-world insights from industry leaders and experts to inspire growth, resilience, and transformation within member economies.

    The event is expected to attract over 1,500 participants, including high-level government officials, chairpersons, presidents, and CEOs of leading local and international companies, multilateral development institutions, chambers of commerce and industry, business associations, investment promotion agencies, individual investors, and entrepreneurs.

    In addition to insightful panel discussions and keynote speeches, PSF 2025 will feature a dedicated exhibition where partners can showcase their projects, services, and investment opportunities. It will include a startup competition designed to foster innovation and highlight groundbreaking business ideas. For the third time, the event will introduce the IsDB Group recognition awards, honoring distinguished organizations and individuals for their contributions to economic development and trade facilitation.

    The forum will welcome prominent speakers, including the Chief Executive Officers of the IsDB Group entities, Dr. Khalid Khalafalla, CEO of ICIEC and Acting CEO of ICD, and Eng. Adeeb Al Aama, CEO of ITFC. These leaders, along with industry experts, will share success stories, experiences, and best practices to further strengthen investment and trade across the IsDB member countries.

    For further details, please visit the event’s official website: www.IsDBG-PSF.org

    About Islamic Development Bank (IsDB):
    The Islamic Development Bank is a multilateral development bank that works to improve the lives of those it serves by promoting social and economic development in Muslim countries and communities around the world and making a difference at scale. Through collaborative partnerships between communities in its 57 member countries, the Bank seeks to equip communities to drive their own economic and social progress at scale, and put the infrastructure in place to enable them to realize their potential. The Bank’s new business model of “making markets work for development” contributes to enhancing the competitiveness of our member countries in strategic industries in order to improve participation and upgrading in global value chains. This is in the field of food and agricultural industries, textiles, clothing, leather, shoes, petrochemicals and petroleum, construction, and Islamic finance. The Bank also promotes innovative and sustainable solutions to the biggest development challenges in the world, and takes advantage of the scientific potential in technology and innovation as strategic drivers of economic growth, and we also work to achieve the United Nations sustainable development goals.

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

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

    About the Islamic Corporation for the Development of the Private Sector (ICD):
    The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). It supports the economic development of its member countries by providing financial assistance to private sector projects in accordance with the principles of Shari’ah. It also mobilizes additional resources for projects and encourages the development of Islamic finance. ICD’s operations complement the activities of IsDB in member countries and also those of national financial institutions. ICD has 55 member countries and five public financial institutions as its shareholders and has an authorized capital of USD 4 billion.

    About the International Trade Finance Corporation (ITFC):
    The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$ 83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.

    About the Islamic Development Bank Group Business Forum (THIQAH):
    The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitate contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.IDBGBF.org)

    MIL OSI – Submitted News

  • MIL-OSI China: Beijing to host inaugural World Humanoid Robot Games

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

    Beijing will host the 2025 World Robot Conference (WRC) and the inaugural World Humanoid Robot Games (WHRG) in August, according to a press conference on Wednesday.

    The WRC will take place from Aug. 8 to 12, followed by the WHRG from Aug. 15 to 17, showcasing cutting-edge advancements in robotics and fostering global industry collaboration.

    The 2025 WRC will feature forums, exhibitions, competitions and networking events, with about 200 robotics companies presenting their latest innovations, according to the organizers.

    Chen Ying, vice president and secretary-general of the Chinese Institute of Electronics, highlighted the event’s expanded global engagement, with over 30 international organizations, more than 30 renowned global experts and over 100 international teams expected to participate. International exhibitors will account for more than 20 percent of the total.

    The main events of the WHRG, the world’s first multi-sport competition for humanoid robots, will test the athletic and functional skills of robots in track and field, soccer, dance, handling materials, and medical sorting. Peripheral events like badminton, table tennis and basketball will emphasize entertainment and audience interaction.

    “The games will demonstrate how close robots are to achieving human-like capabilities,” said Jiang Guangzhi, director of the Beijing Municipal Bureau of Economy and Information Technology. 

    MIL OSI China News

  • MIL-OSI Submissions: Australia card acquiring market to hit $700 billion in 2025 as growth set to slow amid global uncertainty, says GlobalData

    Source: GlobalData

    The Australian card acquiring market is projected to grow by 5.5% to reach AUD1.1 trillion ($713.4 billion) in 2025. Despite this growth, global economic uncertainty linked to recent US tariffs may weigh on momentum, slowing the pace of expansion compared to previous years of stronger performance driven by cashless trends and consumer spending, according to GlobalData, a leading data and analytics company.

    GlobalData’s Merchant Acquiring Analytics reveals that the card acquiring value in Australia registered a growth of 7.5% in 2024, driven by the rise in consumer spending and increasing consumer preference for cashless transactions. However, the current global uncertainty because of latest US tariffs can pose a challenge for the Australia’s overall economic growth, which is expected to impact even payment industry resulting a slower growth in card acquiring value in 2025.

    Asha Lalitha, Senior Banking and Payments Analyst at GlobalData, comments: “Domestic transactions with Australian-issued cards dominate the acquiring space in the country, accounting for over 97% of the total value of acquiring transactions. Well-established card acceptance infrastructure, nearly-100% banking population, and the burgeoning e-commerce market are all contributing to this.”

    The number of POS terminals per one million inhabitants in Australia rose from 36,012 in 2020 to 40,055 in 2025. In addition to the traditional POS terminals, companies are offering POS solutions designed to target SMEs. For instance, Fiserv launched “Clover” POS solution in March 2025, especially targeting SMEs operating in the hospitality, service, and retail sectors.

    Debit cards accounted for 59% of the total domestic card acquiring value in 2024. Credit and charge cards, on the other hand, accounted for 75.3% share in the total foreign card acquiring value, supported by high usage of foreign issued credit and charge cards for purchases of goods and services in Australia both online and in-person.

    Traditional banks such as Commonwealth Bank (CommBank), Westpac, and National Australian Bank held significant share in Australia’s card acquiring space, accounting for around 60% of total acquiring value in 2024. CommBank is the leading operator in the Australian merchant acquiring market. The bank offers a wide range of POS terminals, including mobile POS terminals. In May 2023, CommBank rolled out the Smart Mini reader for small businesses, enabling them to accept all types of card payments. The terminals are equipped with features such as surcharging, tipping, and digital receipts.

    In addition to banks, non-bank financial institutions such as Tyro, Worldline, and Fiserv also have a presence in the acquiring space in the country.

    Asha concludes: “The Australian card acquiring market is projected to grow at a compound annual growth rate (CAGR) of 5%, reaching AUD1.3 trillion ($866.7 billion) by 2029. This growth is supported by strong consumer awareness of digital payments, wider merchant acceptance, and a rising preference for contactless and e-commerce transactions.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News

  • MIL-OSI USA: Displacement Assistance

    Source: US Federal Emergency Management Agency

    Headline: Displacement Assistance

    Displacement Assistance

    Displacement Assistance helps survivors who can’t return to their home following a disasterby giving them up-front money to help with immediate housing needs

     What is Displacement Assistance?Displacement Assistance is money you can use to stay in a hotel or motel, stay with family and friends, or for any other available housing options

    Who can get Displacement Assistance?You may get Displacement Assistance if:You or someone in your home is a U

    S

     citizen, non-citizen national, or qualified non-citizen,FEMA can confirm your identity,Your home is in a declared disaster area,You live in your home most of the year,A FEMA inspection determines your home is not safe to live in, or an inspection can’t be completed becauseyour home is inaccessible,You don’t have insurance, or your insurance doesn’t have Additional Living Expense or Loss of Use coverage, andYou apply for FEMA assistance during the registration period

     How much Displacement Assistance can I get?The amount of money you get is based on 14 days of hotel costs based on a rate chosen by the state, territory, or Tribal Nation impacted by the disaster

    Displacement Assistance is a one-time payment

    FEMA may provide up to two weeks of funds for temporary lodging at a hotel, motel, or the home of friends or family, for displaced applicants who apply during the registration period

    Can I still get Displacement Assistance when I have insurance?Yes

     If you have insurance, please see if you have Additional Living Expenses or Loss of Use coverage on your policy and contact your insurance company

    If your insurance denies your claim or you do not have these types of coverage, you may be able to get Displacement Assistance

    If you have insurance and used all of your Additional Living Expenses or Loss of Use benefits, you won’t get Displacement Assistance, but you can get Rental Assistance by sending FEMA documents that show you spent those benefits and still need help paying for temporary housing

    NOTE: FEMA needs to see your insurance documentation because FEMA cannot pay for costs covered by another source, like insurance

    What if I have more housing needs?If you have used your Displacement Assistance and you still have housing needs, you can ask for Rental Assistance from FEMA

    You can request this by:Calling FEMA’s Helpline at 1-800-621-3362

    Requesting it in writing

    Speaking to a local FEMA representative in your area

    You will not need to provide other documentation to get Rental Assistance

    I don’t agree with FEMA’s decision

    How can I appeal?If you don’t agree with FEMA’s decision, you can appeal by showing why you need FEMA assistance

     The decision letter you get from FEMA will have more information about the types of documents you should send

    You may use an optional Appeal Request form, which is included in the decision letter you receive from FEMA

    You can also choose to write and sign a letter to send with your documents to help FEMA understand why you need help

    How can I send documents?You can send supporting documents to FEMA by: Uploading to your disaster assistance account at DisasterAssistance

    gov

    Mailing to FEMA, P

    O

     Box 10055, Hyattsville, MD 20782-8055

    Faxing to 1-800-827-8112

    Visiting a Disaster Recovery Center, if available

     For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Wed, 05/07/2025 – 19:26

    MIL OSI USA News

  • MIL-OSI USA: NASA Selects Winners of the 2024-2025 Power to Explore Challenge

    Source: NASA

    Explore This Section

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    3 min read
    NASA Selects Winners of the 2024-2025 Power to Explore Challenge

    Ten-year-old, Terry Xu of Arcadia, California; 14-year-old, Maggie Hou of Snohomish, Washington; and 17-year-old, Kairat Otorov of Trumbull, Connecticut, winners of the 2024-2025 Power to Explore Student Writing Challenge.
    NASA/David Lam, Binbin Zheng, The Herald/Olivia Vanni, Meerim Otorova

    NASA has chosen three winners out of nine finalists in the fourth annual Power to Explore Challenge, a national writing competition designed to teach K-12 students about the enabling power of radioisotopes for space exploration.

    “Congratulations to the amazing champions and all of the participants!

    Carl Sandifer II
    Program Manager, NASA’s Radioisotope Power Systems Program

    The essay competition asked students to learn about NASA’s radioisotope power systems (RPS), likened to “nuclear batteries,” which the agency has used discover “moonquakes” on Earth’s Moon and study some of the most extreme of the more than 891 moons in the solar system. In 275 words or less, students dreamed up a unique exploration mission of one of these moons and described their own power to achieve their mission goals.
    “I’m so impressed by the creativity and knowledge of our Power to Explore winners,” said Carl Sandifer II, program manager of the Radioisotope Power Systems Program at NASA’s Glenn Research Center in Cleveland.
    Entries were split into three groups based on grade level, and a winner was chosen from each. The three winners, each accompanied by a guardian, are invited to NASA’s Glenn Research Center in Cleveland for a VIP tour of its world-class research facilities this summer.
    The winners are:

    Terry Xu, Arcadia, California, kindergarten through fourth grade
    Maggie Hou, Snohomish, Washington, fifth through eighth grade
    Kairat Otorov, Trumbull, Connecticut, ninth through 12th grade

    “Congratulations to the amazing champions and all of the participants! Your “super powers” inspire me and make me even more optimistic about the future of America’s leadership in space,” Sandifer said.
    The Power to Explore Challenge offered students the opportunity to learn about space power, celebrate their own strengths, and interact with NASA’s diverse workforce. This year’s contest received nearly 2,051 submitted entries from all 50 states, U.S. territories, and the Department of Defense Education Activity overseas.
    Every student who submitted an entry received a digital certificate and an invitation to the Power Up virtual event held on March 21. There, NASA announced the 45 national semifinalists, and students learned about what powers the NASA workforce.
    Additionally, the national semifinalists received a NASA RPS prize pack.
    NASA announced three finalists in each age group (nine total) on April 23. Finalists were invited to discuss their mission concepts with a NASA scientist or engineer during an exclusive virtual event.
    The challenge is funded by the Radioisotope Power Systems Program Office in NASA’s Science Mission Directorate and administered by Future Engineers under a Small Business Innovation Research phase III contract. This task is managed by the NASA Tournament Lab, a part of the Prizes, Challenges, and Crowdsourcing Program in NASA’s Space Technology Mission Directorate.
    For more information on radioisotope power systems visit: https://nasa.gov/rps

    Karen Fox / Erin Morton
    Headquarters, Washington
    301-286-6284 / 202-805-9393
    karen.c.fox@nasa.gov / erin.morton@nasa.gov

    Kristin Jansen
    Glenn Research Center, Cleveland
    216-296-2203
    kristin.m.jansen@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: California sues Trump administration for illegally withholding billions in bipartisan infrastructure funds: ‘Another Trump gift to China’

    Source: US State of California 2

    May 7, 2025

    What you need to know: California and 16 other states today filed a federal lawsuit accusing President Trump of unlawfully withholding billions of dollars approved by bipartisan majorities in Congress for electric vehicle charging infrastructure that would reduce toxic pollution, expand access to clean vehicles and create thousands of green jobs.

    SACRAMENTO — Governor Gavin Newsom and Attorney General Rob Bonta announced today that a multi-state lawsuit was filed in federal court challenging actions taken by President Trump’s Federal Highway Administration (FHWA) to thwart Congress’s $5 billion program to expand electric vehicle (EV) charging infrastructure. The Trump administration’s unlawful actions would cost Californians more than $300 million, eliminate thousands of good-paying jobs and hobble a critical, emerging tech industry. 

    On the first day of his administration, President Trump issued an executive order directing federal agencies to immediately stop releasing funds appropriated through the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law, including $5 billion that Congress appropriated for electric vehicle charging stations under the National Electric Vehicle Infrastructure (NEVI) Formula Program. 

    Following that directive, FHWA effectively halted the NEVI Formula Program by, among other things, unlawfully withholding billions in funds that Congress had directed to the states for building EV infrastructure.

    When America retreats, China wins.

    President Trump’s illegal action withholding funds for electric vehicle infrastructure is yet another Trump gift to China – ceding American innovation and killing thousands of jobs.

    Instead of hawking Teslas on the White House lawn, President Trump could actually help Elon – and the nation – by following the law and releasing this bipartisan funding.

    Governor Gavin Newsom

    California, Colorado, and Washington led a coalition of 17 states in suing FHWA. The lawsuit states that FHWA’s unlawful actions deprive the states of billions of dollars in appropriated funds, ignores Congressional mandates, violates the U.S. Constitution and will devastate the ability of states to build the charging infrastructure necessary for making EVs accessible to more consumers, combating climate change, reducing other harmful pollution, and supporting the states’ green economies. 

    “The President continues to roll back environmental and climate change protections, this time illegally stripping away billions of dollars for electric vehicle charging infrastructure, all to line the pockets of his Big Oil friends,” said Attorney General Bonta. “The facts don’t lie: the demand for clean transportation continues to rise, and California will be at the forefront of this transition to a more sustainable, low-emissions future. California will not back down, not from Big Oil, and not from federal overreach.” 

    California’s State Electric Vehicle Infrastructure Deployment Plan anticipated that California would need hundreds of thousands of additional EV charging ports to support passenger cars and trucks and incrementally more charging ports for medium- and heavy-duty trucks and buses to meet climate goals. The plan, approved by the federal government, would leverage public funding and private investment to build out a statewide charging infrastructure, including $384 million from the NEVI program.   

    The lawsuit requests the court to declare that President Trump’s directives are unlawful, vacate the actions and permanently stop the administration from withholding the funds. 

    A national leader in zero-emission vehicles (ZEV) and infrastructure

    California’s support for clean cars is unmatched, and the state is home to more than 30% of new ZEVs sold in the U.S. With the rise in EV and plug-in hybrid demand, the state is committed to rapidly deploying funds to develop and ensure a reliable and easy-to-use charging network. The state has doubled down on improving the charging network and making it even easier to buy an EV:

    • More than 178,000 public or shared private electric vehicle charging ports have been installed throughout California, plus more than 700,000 at-home charging ports. 
    • Grants and rebates for thousands of dollars are available for low-income Californians to purchase EVs. Learn more at ClimateAction.ca.gov or ElectricForAll.org.

    The work doesn’t stop with passenger electric vehicles — the state has been hard at work to cut emissions from trucks and buses. Recent efforts include:

    • More than $640 million toward the deployment of zero-emission truck and bus recharging and refueling infrastructure.
    • $500 million to put another 1,000 ZEV school buses on the road.
    • More than $1.3 billion for public transportation projects, including several that support zero-emission buses. 

    California’s strategy for a clean transportation transition

    In addition to advancing ZEVs, the Newsom Administration is prioritizing clean fuel production, public transit and rail infrastructure enhancements, and a cleaner, smarter electric grid to help power it all. As California works toward this clean transportation future, the state is also advancing efforts to prevent gasoline price spikes. 

    Standing up for California communities and businesses 

    Today’s lawsuit follows the Governor’s recent announcement that California is challenging President Trump’s authority to unilaterally enact tariffs. The Governor also intends to create new strategic trade relationships with international partners aimed at strengthening shared economic resilience and protecting California’s manufacturers, workers, farmers, businesses, and supply chains. The Governor has also announced a new international campaign to help maintain the strong tourism partnership between California and Canada.

    Press Releases, Recent News

    Recent news

    News What you need to know: Despite the Trump Administration’s assaults, both California and Texas are working to build high-speed rail. But only one state has built anything: California. SACRAMENTO — What’s the main difference between California high-speed rail and…

    News What you need to know: A new report details nearly $33 billion raised for climate projects and direct support for Californians funded by cap-and-trade, as Governor Gavin Newsom and legislative leaders seek an extension of the program. SACRAMENTO – Governor Gavin…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 4-10, 2025 as “Children’s Mental Health Awareness Week.”The text of the proclamation and a copy can be found below: PROCLAMATIONChildren’s mental health has become an…

    MIL OSI USA News

  • MIL-OSI USA: State invests nearly $33 billion in cap-and-trade dollars to make communities cleaner and healthier

    Source: US State of California 2

    May 7, 2025

    What you need to know: A new report details nearly $33 billion raised for climate projects and direct support for Californians funded by cap-and-trade, as Governor Gavin Newsom and legislative leaders seek an extension of the program.

    SACRAMENTO – Governor Gavin Newsom today announced that nearly $33 billion has been raised from polluters to fund climate solutions in communities across the state with money from the state’s cap-and-trade program, according to a new report published by the California Air Resources Board (CARB).

    The annual report provides detailed information about California Climate Investments (CCI), which distributes funds generated by cap‑and‑trade to 117 climate programs across the state.

    “California is proving that cutting pollution creates jobs and boosts communities. By holding polluters accountable, we’re sending billions of dollars back to communities and back to people’s wallets through credits on utility bills. And we’ve got the receipts: healthier and cleaner communities and thousands of good paying jobs.”

    Governor Gavin Newsom

    CARB oversees CCI, which puts cap‑and‑trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health — particularly among communities and households facing greater economic and environmental challenges. 

    In 2024, cap-and-trade investments went to nearly 12,000 new projects using $1.9 billion in funding, with $1.2 billion directly benefiting communities and households. The investments are a key part of Governor Newsom’s build more, faster agenda delivering infrastructure upgrades and creating jobs across the state. 

    Since the program’s inception 11 years ago, over $18 billion in funding has been awarded, with nearly $13 billion of that having already gone to over half a million projects that are complete or in progress. Project funding already on the ground is expected to wipe out emissions equivalent to taking more than 80% of the state’s gas cars off the road for a year, with billions of dollars more in the process of being disbursed. 

    Examples of investments include:

    In addition to community investments, cap-and-trade has also delivered $15 billion in bill credits back to utility customers and is reducing carbon pollution from industry investments in cleaner, more advanced technologies directly at their emission source.

    “California is proud of how we’ve invested billions of cap-and-trade dollars across the state over the last decade,” said CARB Chair Liane Randolph. “From individual incentives for cleaner cars and water-efficient appliances, to forest health programs that help safeguard communities from wildfire, these programs provide benefits to all Californians. In addition, cap-and-trade has also delivered $15 billion in bill credits back to utility customers. It’s climate policy that pays.” 
     

    Extending the cap‑and‑trade program

    Cap-and-trade is a foundational part of California’s climate policy portfolio. To help achieve the state’s goal of net-zero carbon pollution by 2045, this program must be extended beyond the current sunset date of 2030.

    Governor Newsom recently announced that he, alongside legislative leaders Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas, will seek an extension of the cap‑and‑trade program during this legislative year. Extending the program in 2025 can provide the market with greater certainty, attract stable investment, further California’s climate leadership, and set the state on a clear path to achieve its 2045 carbon-neutrality goal.
     

    How cap-and-trade works

    Cap-and-trade establishes a declining limit on major sources of carbon pollution throughout California. It covers the largest polluters, including large factories, energy companies, and oil and gas suppliers – accounting for 80% of the state’s total climate emissions.

    The program creates a powerful economic incentive for polluters to invest in cleaner, more efficient technologies and energy, or continue to pay for carbon emissions they produce with the funding raised from the payments used to invest in carbon reduction projects. 
     

    California’s climate leadership

    Pollution is down and the economy is up. Greenhouse gas emissions in California are down 20% since 2000 – even as the state’s GDP increased 78% in that same time period.

    The state continues to set clean energy records. Last year, California ran on 100% clean electricity for the equivalent of 51 days – with the grid running on 100% clean energy for some period three out of every five days. Since the beginning of the Newsom Administration, battery storage is up to over 13,000 megawatts – a 1,600%+ increase.

    Press Releases, Recent News

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 4-10, 2025 as “Children’s Mental Health Awareness Week.”The text of the proclamation and a copy can be found below: PROCLAMATIONChildren’s mental health has become an…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Paul Henderson, of San Francisco, has been appointed to the California African American Museum Board of Directors. Henderson has been the Executive Director at the San Francisco…

    News What you need to know: The Governor attended the annual ceremony, honoring the 232 fallen CHP officers since the Department’s establishment in 1929. Sacramento, California – Today, Governor Gavin Newsom attended the California Highway Patrol Memorial Ceremony,…

    MIL OSI USA News

  • MIL-OSI NGOs: Global: Ruling against NSO Group in Whatsapp case a “momentous win in fight against spyware abuse”

    Source: Amnesty International –

    Responding to a ruling that spyware maker NSO Group must pay more than USD167 million in damages to Whatsapp, Rebecca White, Amnesty International’s researcher on targeted surveillance, said:

    “This is a momentous win in the fight against spyware abuse. NSO Group, which develops the notorious and highly invasive Pegasus spyware, has been implicated in severe human rights violations against civil society, including journalists and activists, globally. 

    “For years, Amnesty International and civil society partners have documented how spyware companies, like NSO Group, have enabled human rights abuses on a massive scale. The surveillance industry has failed to act. We trust that this victory will deter the spyware industry, its investors and its government customers worldwide. We hope this judgement offers some measure of solace to Pegasus’ thousands of victims. Let this be a signal, loud and clear, that change is imminent. Those who misuse spyware to infringe on human rights will be held accountable and cannot act with impunity.

    We trust that this victory will deter the spyware industry, its investors and its government customers worldwide.

    Rebecca White, Amnesty International researcher on targeted surveillance

    “This decision should serve as a wake-up call to governments to take proactive, concrete steps to regulate the surveillance industry, to enforce safeguards on their surveillance practices, and to comprehensively ban tools that are inherently incompatible with human rights obligations and standards, such as Pegasus.”

    MIL OSI NGO