Category: Canada

  • MIL-OSI: Uncertainty remains over capital gains changes: CPA Canada

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Jan. 31, 2025 (GLOBE NEWSWIRE) — The federal government’s decision to delay implementation of proposed changes to the capital gains inclusion rate provides temporary relief for taxpayers. However, amid growing economic uncertainty, CPA Canada believes it should consider rescinding the proposed changes entirely.

    “This decision reflects the concerns that CPA Canada has consistently raised with the Minister of Finance,” says John Oakey, CPA Canada’s vice-president of tax.

    “The retroactive impact on the proposed legislation with a prorogued parliament was creating significant uncertainty for taxpayers and their advisors.”  

    “Through our advocacy, we’ve emphasized the need for tax policy, along with its implementation, that provides clarity and stability for Canadian taxpayers—especially during times of economic uncertainty.”

    The proposed changes combined with prorogation of parliament have created significant uncertainty for taxpayers. While delayed implementation provides temporary relief, the fate of the changes to the capital gains remains unknown.

    To arrange an interview with our tax expert, please contact media@cpacanada.ca.

    The MIL Network

  • MIL-OSI Canada: Steveston crossing removal postponed

    The removal of the old Steveston Highway crossing, initially scheduled to begin this weekend, Feb.1-2, 2025, has been postponed due to incoming snowy winter weather.

    There will be no traffic-pattern changes or overnight closures of Highway 99 at Steveston Highway this weekend.

    This postponement by the Steveston Interchange Project contractor will allow the Ministry of Transportation and Transit’s winter-maintenance operations to have full access to Highway 99 for brine applications and plowing, if necessary.

    The removal of the old Steveston Highway crossing will begin on Friday, Feb. 7, 2025, and take place over three weekends: Feb. 7-10; Feb. 21-24; and Feb. 28 to March 3. 

    Learn More:

    Further information on traffic-pattern changes for the dismantling of the Steveston Highway crossing can be found here: www.highway99tunnel.ca/current-work/

    For updates, check: https://www.drivebc.ca/

    MIL OSI Canada News

  • MIL-OSI Security: Dartmouth — Nova Scotia RCMP Collision and Reconstruction Service interview on seatbelt use

    Source: Royal Canadian Mounted Police

    Cpl. Ford and Cpl. Durette of the RCMP’s Collision and Reconstruction Service recently sat down with CBC to discuss their role in investigating collisions and the impact of vehicle occupants failing to wear seatbelts.

    https://www.cbc.ca/player/play/video/9.6621874

    MIL Security OSI

  • MIL-OSI Canada: CPS officer charged with perjury and fabricating evidence

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI Canada: Largest Addictions Treatment Centre in Saskatchewan Opens its Doors to Inpatients

    Source: Government of Canada regional news

    Released on January 31, 2025

    Mental Health and Addictions Minister Lori Carr is pleased to announce that the first phase of inpatient spaces is now available at the new addictions treatment centre near Lumsden.

    Intake started January 21 for 20 inpatient spaces at the EHN Willowview Recovery Centre.

    “I am delighted that the first phase of inpatient spaces are now operating at our province’s largest addictions treatment centre,” Carr said. “The Government of Saskatchewan is focused on helping residents who want treatment for substance use access the supports they need to start their path to recovery.”

    The centre, located about 20 minutes northwest of Regina, has space for 60 patients. It has been offering intensive outpatient treatment since October 2024. As renovations continue on the facility, outpatient spaces are expected to start transitioning to inpatient spaces.

    EHN Willowview Recovery Centre is operated by EHN Canada. EHN is a leading addictions treatment provider with decades of experience operating facilities across Canada.

    “It is genuinely a privilege to partner with the Government of Saskatchewan and the Saskatchewan Health Authority to bring this world-class centre to the residents of this province,” EHN CEO Joe Manget said. “As a resident of Ontario, I really envy what this province is doing; your government is forward thinking and gets things done. I hope the country takes note of Saskatchewan’s leadership in mental health and addictions.”

    EHN Canada was one of the successful proponents chosen through a competitive Request for Proposals process initiated by the Ministry of Health and the Saskatchewan Health Authority (SHA) seeking addictions treatment services, including intensive outpatient, inpatient treatment and recovery or transitional services.

    The agreement to provide the service is between the SHA and EHN Canada.

    “We know that anyone can struggle with substance use that can lead to dependency,” SHA Provincial Executive Director of Mental Health and Addictions Services Colleen Quinlan said. “These treatment spaces are another monumental step toward getting more people access to the help they need when they need it. This partnership allows us to better support Saskatchewan residents voluntarily seeking addictions treatment on their recovery journey.”

    EHN Willowview Recovery Centre will provide adults who want treatment for substance use with holistic, wrap-around inpatient addictions treatment for up to 16 weeks.

    With the 60 spaces at Willowview, 221 of the 500 new spaces under Saskatchewan’s Action Plan for Mental Health and Addictions are now available to Saskatchewan residents.

    This includes:

    • 15 inpatient treatment spaces at Muskwa Lake Wellness Camp;
    • 15 withdrawal management spaces at Onion Lake Cree Nation;
    • 15 inpatient treatment spaces and two withdrawal management spaces at Thorpe Recovery Centre near Lloydminster;
    • 26 post-treatment spaces at St. Joseph’s Addiction Recovery Centre in Estevan;
    • 32 intensive outpatient treatment spaces through Possibilities Recovery Center in Saskatoon;
    • 14 inpatient addictions treatment spaces with Poundmaker’s Lodge in North Battleford; and
    • 42 virtual spaces through EHN Canada.

    The 2024-25 Provincial Budget invests a record $574 million in mental health and addiction supports and services. This is the largest investment in the province’s history for mental health and addiction supports.

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    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Canada: Millions of Fentanyl Doses Seized in Saskatchewan Traffic Stop

    Source: Government of Canada regional news

    Released on January 31, 2025

    Saskatchewan continues to see significant results from the strong partnerships that exist between the RCMP and the Ministry of Corrections, Policing and Public Safety’s Provincial Protective Services (PPS). Together, the RCMP’s specialized policing teams and the PPS’s Conservation Officer Service and Saskatchewan Highway Patrol (SHP) officers are targeting illicit drugs, weapons and human trafficking cases near the border and across the province.  

    During a proactive patrol on January 28, 2025, the RCMP and Saskatchewan Highway Patrol officers conducted a traffic stop in the Swift Current area. During a vehicle search, officers located eight kilograms of fentanyl hidden under a spare tire. As a result of the investigation, two occupants in the vehicle were charged with trafficking and possession for the purpose of trafficking.

    “Thank you to the Saskatchewan RCMP, Saskatchewan Highway Patrol, conservation officers and all of our policing partners for their service to the people of Saskatchewan,” Premier Scott Moe said. “This seizure of fentanyl is another significant outcome we are seeing from our investments in the Saskatchewan RCMP and the Provincial Protective Services as they tackle crime and prevent harmful drugs from reaching our communities.” 

    “By removing illicit drugs and illegal weapons from our streets, our policing partners at the Saskatchewan RCMP and the Provincial Protective Services are helping to keep Saskatchewan communities safe,” Corrections, Policing and Public Safety Minister Tim McLeod said. “Our partnership with the RCMP plays an important role in addressing critical issues, whether it is supporting border security or combating organized crime, we work together to ensure community safety.”

    On January 9, 2025, RCMP’s Roving Traffic Unit and Saskatchewan Highway Patrol officers were doing proactive patrols and conducted a traffic stop. As a result of an investigation, officers located and seized approximately 1,551 lbs of illicit cannabis and a sum of cash from inside a large cargo van. An adult male was arrested and charged with trafficking and possession for the purpose of trafficking.

    “RCMP officers and employees across Saskatchewan remain dedicated to the safety and security of the people and communities we serve, despite an increase in complex crimes paired with resourcing challenges we face,” Saskatchewan RCMP Assistant Commissioner Commanding Officer Rhonda Blackmore said. “Look at this month alone, investigators removed significant quantities of drugs from our streets. We have collaborated with partner agencies on multiple serious investigations. I am exceptionally proud to lead such a fantastic team.”

    Since January 6, 2025, PPS officers and the RCMP have also conducted high-visibility patrols near the SK-US border, including this week’s collaborative enforcement effort north of the Regway border crossing. These enforcement efforts ensured a strong presence near our border focused on commercial vehicle safety, traffic safety and compliance as part of the Saskatchewan Border Security Plan. In addition to the concerted work of RCMP, PPS officers have dedicated 750 hours to patrolling southern border routes, smaller communities and remote areas, with more than 270 vehicles being inspected, one firearm seized and over 80 provincial tickets issued. 

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Security: Colchester County — Colchester County District RCMP charge man wanted on province-wide arrest warrant after he flees police

    Source: Royal Canadian Mounted Police

    At approximately 10 a.m. on January 30,Colchester County District RCMP observed a vehicle in Lower Truro associated to a man who was wanted in relation to intimate partner violence related offences, and who has pending charges for multiple firearms offences.

    Officers attempted a traffic stop on Hwy. 236 in Lower Truro. The vehicle didn’t stop and continued at a high rate of speed. Officers followed the vehicle. The RCMP Emergency Response Team (ERT) and Nova Scotia Department of Natural Resources and Renewables (DNRR) air services were called in to assist.

    Responding officers deployed spike belts on Hwy. 236 then on Hwy. 215 in East Hants to stop the vehicle. The suspect vehicle was damaged but was able to continue fleeing police.

    From Hwy. 215, the suspect vehicle accessed the shoulder of Hwy. 102 then traveled northbound in the southbound lanes. With the assistance of DNRR air services, the vehicle was observed attempting to turn around and head south in the southbound lane.

    At this time, the vehicle was intercepted on Hwy. 102 between Exit 11 and Exit 12 by the RCMP ERT and Police Dog Services. Officers safely arrested the driver, 38-year-old Stephen Joseph “Dakota” Maloney, and the passenger.

    Officers learned the passenger was a victim; they were released from custody. Maloney reported minor injuries and was transported to hospital by EHS.

    “We understand how unsettling it must’ve been for those travelling along Hwy. 102 and witnessed the suspect vehicle driving erratically in the wrong direction,” says Supt. Sean Auld, Officer in Charge of Support Services. “Our officers continually assessed the situation from a public safety perspective, and working in collaboration with DNRR, officers relied on their training to safely stop the vehicle and arrest the offender.”

    Maloney has been charged with:

    • Flight from Peace Officer
    • Dangerous Operation
    • Operation While Prohibited
    • Forcible Confinement
    • Failure to Comply with Order

    He appeared in Truro Provincial Court on January 30 and was remanded into custody pending future court appearances.

    The investigation, led by the Colchester County District RCMP with assistance of RCMP Police Dog Services, is ongoing.

    Anyone with information about the incident is asked to contact Colchester County District RCMP at 902-893-6820. To remain to remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    File # 2025-134744

    MIL Security OSI

  • MIL-OSI United Kingdom: expert reaction to study looking at ultraprocessed food consumption and obesity in Canadian children

    Source: United Kingdom – Executive Government & Departments

    A study published in JAMA Network Open looks at UPF consumption and obesity in Canadian children. 

    Dr Ian Johnson, Nutrition researcher and Emeritus Fellow, Quadram Institute, said:

    “This study is consistent with previous work suggesting an association between consumption of ultra-processed foods (UPF) and obesity, and it is interesting to see the link established at such an early age (although the study only seems to find a link in boys, not girls).  However, as with most such studies, and as the authors themselves seem to acknowledge, the general nature and poor specificity of the definition of UPF makes it very difficult to establish any causal mechanism.”

    ‘Ultraprocessed Food Consumption and Obesity Development in Canadian Children’ by Zheng Hao Chen et al. was published in JAMA Network Open at 16:00 UK time on Friday 31 January 2025. 

    DOI: 10.1001/jamanetworkopen.2024.57341

    Declared interests

    Dr Ian Johnson: “No conflict of interest.”

    MIL OSI United Kingdom

  • MIL-OSI Canada: Reports Presented on Culture and Inclusion Along with Health

    Source: Government of Canada regional news

    Released on January 31, 2025

    The Advisory Committee on Francophone Affairs presented the Minister Responsible for Francophone Affairs, Alana Ross, with two new reports detailing their on-going review and analysis of programs and policies in both the culture and inclusion sector, as well as the health sector. These reports are used to guide the implementation of Saskatchewan’s French-language Services Policy. 

    “The Government of Saskatchewan is committed to ongoing engagement with the Francophone community,” Ross said. “We look forward to continuing to work together on these and other important opportunities to address the needs of French communities across the province.”

    In preparing these reports, the committee met with representatives from ministries and agencies, as well as representatives of Francophone community organizations. The resulting reports contain several recommendations. 

    “I am honored to support the vitality of the French language and culture in Saskatchewan,” Advisory Committee on Francophone Affairs Chair Alpha Barry said. “The two reports released today offer thoughtful and actionable recommendations on culture and health that would improve access to French-language services across the province, in alignment with the French-language Services Policy. These efforts underscore our collective commitment to meeting the needs of Saskatchewan’s Francophone community and fostering its continued growth and vibrancy.”

    For more information on the Advisory Committee’s work and the full reports, visit: www.saskatchewan.ca/fab.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Canada: Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility

    Source: Bank of Canada

    As announced on June 11, 2024, the Bank of Canada made Secured General Collateral (SGC) Notes eligible as collateral under the Standing Liquidity Facility (SLF), pending necessary system enhancements. Today, the Bank is announcing that it has completed these system updates and is operationally ready to accept SGC notes as collateral once they are issued. This milestone marks a significant step in supporting the development of this new market.

    The Bank is also updating the policy to streamline Lynx participants’ access to liquidity for exceptional cases. Specifically, it will now agree to accept requests to increase a participant’s non-mortgage loan portfolio (NMLP) concentration limit on a same day basis in exceptional cases, for a very limited period, to accommodate the liquidity needs of individual Lynx participants when there are extremely large FMI critical payment flows. This change is reflected in the concentration limits condition of the policy and is being implemented to better support Lynx participants in managing their liquidity needs.

    Further, the Bank has reviewed the margin requirements that apply to NMLP collateral. Margin requirements for two categories have been updated: The haircut for secured consumer loans decreased by 5 percentage points to 65% and the haircut for unsecured business loans decreased by 10 percentage points to 40%. The updated margin requirements will apply as per the table below. The overall haircut for NMLP continues to be the weighted average margin for these categories.

    Non-mortgage loan category Margin Requirement
    Unsecured consumer loans 85%
    Secured consumer loans 65%
    Unsecured business loans 40%
    Secured business loans 30%

    The list of Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility has been updated to reflect these changes. For further information, please contact:

    Director
    Financial Markets Department
    Bank of Canada

    MIL OSI Canada News

  • MIL-OSI Security: Harbour Grace — Update: Drug impaired driving charges laid against Harbour Grace man

    Source: Royal Canadian Mounted Police

    After colliding with a police vehicle in Carbonear on September 13, 2024, lab results recently received for 20-year-old Mitchell Cox support an additional charge of drug impaired driving.

    Cox was originally arrested on September 13, 2024, for dangerous operation and flight from police after he fled from Harbour Grace RCMP at an attempted traffic stop on Lower Southside Road in Carbonear. Cox collided with a police vehicle during his attempt to evade police. Officers suspected he was impaired by drugs at the time of the collision.

    Following his arrest, he was transported to Carbonear General Hospital where samples of his blood were obtained and sent for a drug analysis. Late this month, the toxicology report was received, with results supporting an additional charge of drug impaired driving.

    In addition to charges of flight from police and dangerous operation, Cox is now charged with impaired operation by drug and failing to comply with conditions of a release order. His licence is now suspended.

    His next court appearance is scheduled to take place on March 26, 2025.

    MIL Security OSI

  • MIL-OSI Canada: Minister’s statement on RCMP Appreciation Day

    Garry Begg, Minister of Public Safety and Solicitor General, has released the following statement in recognition of BC RCMP Appreciation Day:

    “Across British Columbia, from our busiest cities to remote villages and Indigenous communities, we depend on our police officers to protect our neighbourhoods and businesses, while fostering community connections. Every day they rise to the challenge, courageously upholding public safety with professionalism.

    “For more than half my life, I’ve had the privilege of serving on the front lines with the BC RCMP. No matter the uniform, police officers serve with honour, dedication and a profound sense of duty. I understand the challenges that come with this profession, and I have deep respect for the officers who put their lives on the line every day, leaving their families behind to keep our communities safe.

    “The BC RCMP has played a pivotal role in shaping the safety and security of our province for decades. British Columbia is a great place to live, and in times of uncertainty and change, I am grateful for our strong partnership as we work together toward our shared goal of building safer communities.

    “Today and every day, I invite all the people in British Columbia to show their support for the BC RCMP serving throughout our province and thank them for the incredible work they do.”

    MIL OSI Canada News

  • MIL-OSI United Kingdom: World-leading AI cyber security standard to protect digital economy and deliver Plan for Change

    Source: United Kingdom – Executive Government & Departments

    British businesses will benefit from a world-first cyber security standard which will protect AI systems from cyber-attacks, securing the digital economy.

    • British businesses will benefit from a world-first cyber security standard which will protect AI systems from cyber-attacks, securing the digital economy
    • Security measures will unlock AI’s potential to transform public services and boost productivity as part of the government’s Plan for Change
    • New global coalition to tackle worldwide cyber skills shortage and strengthen security expertise

    Companies developing AI – from consumer apps to systems underpinning public services – will be able to better protect themselves from growing cyber security threats under steps set out by the UK government.

    The steps announced today under a new Code of Practice will give businesses and public services the confidence they need to harness AI’s transformative potential safely – supporting the government’s Plan for Change as the technology drives forward improvements to public services, turbocharges productivity, and drives growth across the economy. 

    With cyber attacks or breaches affecting half of businesses in the last 12 months, safeguarding AI systems is crucial as adoption accelerates across the economy. The world leading Code of Practice pioneered by the UK, equips organisations with the tools they need to thrive in the age of AI. From securing AI systems against hacking and sabotage, to ensuring they are developed and deployed in a secure way, the Code will help developers build secure, innovative AI products that drive growth and fuel the Plan for Change. 

    It sets out how organisations using AI can protect themselves from a range of cyber threats such as AI attacks and system failures. This can include steps such as implementing cyber security training programmes which are focused on AI vulnerabilities, developing recovery plans following potential cyber incidents, and carrying out robust risk assessments. 

    The voluntary Code of Practice will form the basis of a new global standard for secure AI through the European Telecommunications Standards Institute (ETSI) – a major step which cements the UK’s position as a world leader in safe innovation.  With the UK AI sector generating £14.2 billion in revenue last year, these standards will help maintain growth while protecting critical infrastructure – building on the work of the AI Opportunities Action Plan.

    Minister for Cyber Security Feryal Clark MP said: 

    The UK is leading the way in setting global benchmarks for secure innovation, ensuring AI is developed and deployed in an environment that protects critical systems and data which are central to delivering our Plan for Change.  

    This will not only create the opportunities for businesses to thrive, secure in the knowledge that they can be better protected than ever before but support them in delivering cutting-edge AI products that drive growth, improve public services, and put Britain at the forefront of the global AI economy.

    The UK government has also published today an implementation guide for the Code, to support businesses as they shore up their cyber defences by providing a one-stop shop which brings together guidance and key steps to follow.  AI represents a generation-defining technology which is central to the government’s Plan for Change – holding incredible potential to transform public services, boost productivity and rebuild our economy. 

    NCSC Chief Technology Officer Ollie Whitehouse said:

    It is vital that we harness the transformative potential of AI securely so that our society can reap the benefits of new technologies without introducing avoidable vulnerabilities and cyber risks.

    The new Code of Practice, which we have produced in collaboration with global partners, will not only help enhance the resilience of AI systems against malicious attacks but foster an environment in which UK AI innovation can thrive.

    The UK is leading the way by establishing this security standard, fortifying our digital technologies, benefiting the global community and reinforcing our position as the safest place to live and work online.

    Building on this position of global leadership in cyber security, the UK has also spearheaded the launch of a new International Coalition on Cyber Security Workforces (ICCSW), alongside founding partners including Japan, Singapore, and Canada. The coalition – which emerged from the UK-led Wilton Park Summit in September 2024 – will help countries work together to tackle cyber threats and address the global cyber skills gap. 

    This new partnership will strengthen international cooperation on cyber security, breaking down barriers to career progression and increasing diversity in the sector. Current estimates show that supporting cyber skills will boost the £11.9 billion cyber security industry which will in turn help to drive growth in the British economy. 

    The UK is moving full steam ahead with plans to bolster our online defences through a new Cyber Security and Resilience Bill which was unveiled in last summer’s King Speech. Ahead of that legislation’s introduction, the government is also publishing its response to the Cyber Governance Code of Practice of today. In its response, the government warns that despite the massive disruptions cyber incidents can cause, boards and senior leaders often struggle to engage in cyber issues due to a lack of understanding, training, or time – making it more pressing than ever to ensure all sectors of the UK economy have the tools they need to address cyber threats. 

    To address this problem, DSIT has developed the Cyber Governance Code of Practice in collaboration with the National Cyber Security Centre and industry experts. The Code provides clear actions for directors to manage cyber risks effectively, enabling businesses to harness new technologies while building resilience. The government’s response outlines improvements to the Code based on extensive feedback, with the updated version set to be published in early 2025. 

    Notes to editors

    The Code has been developed in close collaboration with NCSC and a range of external stakeholders. See call for views response for more information.  

    The Code will be submitted into the European Telecommunications Standards Institute’s Securing AI Committee where it will be used to develop a global standard. 

    The government is working with industry and international counterparts to promote international alignment of security requirements for AI systems, including through monitoring the development of relevant standards in other standards development organisations. 

    The government will update the content of the Code and Implementation Guide to mirror the future ETSI global standard and guide once they are created. Read the full AI cyber security code of practice.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI: Ninepoint Partners Announces Final January 2025 Cash Distribution for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the final January 2025 cash distribution for the Ninepoint Cash Management Fund – ETF Series. The record date for the distribution is January 31, 2025. This distribution is payable on February 7, 2025.

    The per-unit final January distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution
    per unit
    Notional Distribution
    per unit
    CUSIP
    Ninepoint Cash Management Fund NSAV $0.14673 $0.00000 65443X105


    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network

  • MIL-OSI: POET Engaged by Global Financial Services Leader to Develop Custom Optical Engine

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company“) (TSX Venture: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for Artificial Intelligence networks, announces that it has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (“HFT”) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.

    The multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposer–based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.

    “We are delighted to have embarked on this ambitious project with a global leader in HFT,” commented Raju Kankipati, Chief Revenue Officer of POET. “This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the Company.”

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.

    Forward-Looking Statements
    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations regarding its successful development of high-frequency trading solutions and its penetration of the Artificial Intelligence hardware markets.

    Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, the completion of its development efforts with its securities trading partner, the ability to build working prototypes to the customer’s specifications, and the size, future growth and needs of Artificial Intelligence network suppliers. Actual results could differ materially due to a number of factors, including, without limitation, the failure to produce working prototypes on time and within budget, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Company’s products to meet performance requirements for AI and datacom networks, operational risks in the completion of the Company’s projects, the ability of the Company to generate sales for its products, and the ability of its customers to deploy systems that incorporate the Company’s products. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network

  • MIL-OSI: Brookfield Business Partners Reports 2024 Year End Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, News, Jan. 31, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the year ended December 31, 2024.

    “Our business had another successful year in 2024. We generated over $2 billion from our capital recycling initiatives, acquired two market-leading operations and achieved solid financial results,” said Anuj Ranjan, CEO of Brookfield Business Partners. “The enhanced strength of our balance sheet and substantial liquidity provides us optionality to meaningfully advance our capital allocation priorities with a focus on increasing the intrinsic value of our business for our unitholders.”

           
      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions (except per unit amounts), unaudited   2024       2023       2024       2023  
    Net income (loss) attributable to Unitholders1 $ (438 )   $ 1,423     $ (109 )   $ 1,405  
    Net income (loss) per limited partnership unit2 $ (2.02 )   $ 6.57     $ (0.50 )   $ 6.49  
               
    Adjusted EBITDA3 $ 653     $ 608     $ 2,565     $ 2,491  
                                   

    Net loss attributable to Unitholders for the year ended December 31, 2024 was $109 million (loss of $0.50 per limited partnership unit) compared to net income of $1,405 million ($6.49 per limited partnership unit) in the prior year. Net loss attributable to Unitholders includes a one-time non-cash expense at our healthcare services operation, combined with provisions at our construction operation. Prior year included net gains primarily related to the sale of our nuclear technology services operation.

    Adjusted EBITDA for the year ended December 31, 2024 was $2,565 million compared to $2,491 million for the year ended December 31, 2023, reflecting improved performance of operations and tax benefits recorded at our advanced energy storage operation. Prior year results included $308 million of contribution from operations which have been sold.

    Operational Update

    The following table presents Adjusted EBITDA by segment:

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
    Industrials $ 306     $ 222     $ 1,247     $ 855  
    Business Services   217       227       832       900  
    Infrastructure Services   160       184       606       853  
    Corporate and Other   (30 )     (25 )     (120 )     (117 )
    Adjusted EBITDA $ 653     $ 608     $ 2,565     $ 2,491  

    Our Industrials segment generated Adjusted EBITDA of $1,247 million in 2024, compared to $855 million in 2023. Current year results included $371 million of tax benefits at our advanced energy storage operation. Strong underlying performance at our advanced energy storage operation and growing contribution from water and wastewater services offset reduced performance at our engineered components manufacturing operation due to weak market conditions. Prior year results included contribution from disposed operations including our Canadian aggregates production operation which was sold in June 2024.

    Our Business Services segment generated Adjusted EBITDA of $832 million in 2024, compared to $900 million in 2023. Strong performance at our residential mortgage insurer was primarily offset by the impact of a cyber incident at our dealer software and technology services operation and reduced performance at our construction and healthcare services operations during the year. Prior year results included contribution from our road fuels operation which was sold in July 2024.

    Our Infrastructure Services segment generated Adjusted EBITDA of $606 million in 2024, compared to $853 million in 2023. Prior year results included $236 million of contribution from our nuclear technology services operation which was sold in November 2023. Current year results benefited from improved performance of offshore oil services, offset by reduced contribution at work access services.

    The following table presents Adjusted EFO4 by segment:

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
    Adjusted EFO          
    Industrials $ 193     $ 115     $ 935     $ 492  
    Business Services   142       181       641       636  
    Infrastructure Services   78       1,790       287       2,070  
    Corporate and Other   (83 )     (77 )     (331 )     (335 )

    Adjusted EFO for the year ended December 31, 2024 included $306 million in net gains primarily related to the dispositions of our road fuels operation and Canadian aggregates production operation, the sale of public securities and the deconsolidation of our payment processing services operation. Infrastructure Services Adjusted EFO reflected the impact of the prior year disposition of our nuclear technology services operation. Prior year results included $2,006 million in after-tax net gains primarily related to the sale of our nuclear technology services operation.

    Strategic Initiatives

    • Advanced Energy Storage Operation
      In January, our advanced energy storage operation raised $5 billion of new first lien debt – $4.5 billion of the proceeds are not required in the business and therefore were used to fund a special distribution to owners, of which Brookfield Business Partners’ share was approximately $1.2 billion. This represented a multiple of 1.5x of our initial equity investment and we still own our entire share of the business.
    • Offshore Oil Services
      In January, we completed the previously announced sale of our offshore oil services’ shuttle tanker operation. Cash proceeds to Brookfield Business Partners for the sale of its interest after the repayment of debt are expected to be approximately $250 million.
    • Unit Repurchase Program and Capital Deployment
      We are allocating up to $250 million of capital to accelerate the repurchase of Brookfield Business Partners’ securities under our existing and future normal course issuer bids (NCIB).

      In January, we completed the acquisition of Chemelex, a leading manufacturer of electric heat tracing systems, through a carve-out from a larger industrial company for total enterprise value of $1.7 billion. Brookfield Business Partners invested $212 million for an approximate 25% economic interest in the business, with the balance funded by institutional partners.

    Liquidity

    We ended the year with approximately $1.3 billion of liquidity at the corporate level including $91 million of cash and liquid securities, $25 million of remaining preferred equity commitment from Brookfield Corporation and $1.2 billion of availability on our corporate credit facilities. Pro forma for announced and recently closed transactions, corporate liquidity is $2.7 billion.

    Distribution

    The Board of Directors has declared a quarterly distribution in the amount of $0.0625 per unit, payable on March 31, 2025 to unitholders of record as at the close of business on February 28, 2025.

    Additional Information

    The Board has reviewed and approved this news release, including the summarized unaudited consolidated financial statements contained herein.

    Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available on our website https://bbu.brookfield.com under Reports & Filings.

       
    Notes:  
    1 Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shareholders.
    2 Net income (loss) per limited partnership unit calculated as net income (loss) attributable to limited partners divided by the average number of limited partnership units outstanding for the three and twelve months ended December 31, 2024 which were 74.3 million and 74.3 million, respectively (December 31, 2023: 74.3 million and 74.5 million, respectively).
    3 Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expense), net, income taxes, depreciation and amortization expense, gains (losses) on acquisitions/dispositions, net, transaction costs, restructuring charges, revaluation gains or losses, impairment expenses or reversals, other income or expenses, and preferred equity distributions. The partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its IFRS consolidated statements of operating results. The partnership believes that Adjusted EBITDA provides a comprehensive understanding of the ability of its businesses to generate recurring earnings which allows users to better understand and evaluate the underlying financial performance of the partnership’s operations and excludes items that the partnership believes do not directly relate to revenue earning activities and are not normal, recurring items necessary for business operations. Please refer to the reconciliation of net income (loss) to Adjusted EBITDA included elsewhere in this news release.
    4 Adjusted EFO is the partnership’s segment measure of profit or loss and is presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its IFRS consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes the impact of preferred equity distributions and realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Adjusted EFO allows the partnership to evaluate its segments on the basis of return on invested capital generated by its operations and allows the partnership to evaluate the performance of its segments on a levered basis.
       

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    Please note that Brookfield Business Partners’ previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

    For more information, please contact:

    Conference Call and 2024 Earnings Webcast Details

    Investors, analysts and other interested parties can access Brookfield Business Partners’ 2024 results as well as the Letter to Unitholders and Supplemental Information on our website https://bbu.brookfield.com under Reports & Filings.

    The results call can be accessed via webcast on January 31, 2025 at 10:00 a.m. Eastern Time at BBU2024Q4Webcast or participants can pre-register at BBU2024Q4ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbu.brookfield.com.

     
    Brookfield Business Partners L.P.
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited December 31, 2024   December 31, 2023
                         
    Assets                    
    Cash and cash equivalents         $ 3,239             $ 3,252  
    Financial assets           12,371               13,176  
    Accounts and other receivable, net           6,279               6,563  
    Inventory and other assets           5,728               5,321  
    Property, plant and equipment           13,232               15,724  
    Deferred income tax assets           1,744               1,220  
    Intangible assets           18,317               20,846  
    Equity accounted investments           2,325               2,154  
    Goodwill           12,239               14,129  
    Total Assets         $ 75,474             $ 82,385  
                         
    Liabilities and Equity                    
    Liabilities                    
    Corporate borrowings         $ 2,142             $ 1,440  
    Accounts payable and other           16,691               18,378  
    Non-recourse borrowings in subsidiaries of Brookfield Business Partners           36,720               40,809  
    Deferred income tax liabilities           2,613               3,226  
                         
    Equity                    
    Limited partners $ 1,752         $ 1,909    
    Non-controlling interests attributable to:          
    Redemption-exchange units   1,644           1,792    
    Special limited partner                
    BBUC exchangeable shares   1,721           1,875    
    Preferred securities   740           740    
    Interest of others in operating subsidiaries   11,451           12,216    
          17,308           18,532  
    Total Liabilities and Equity   $ 75,474         $ 82,385  
     
    Brookfield Business Partners L.P.
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    December 31,
      Year Ended
    December 31,
      2024       2023       2024       2023  
               
    Revenues $ 7,427     $ 13,405     $ 40,620     $ 55,068  
    Direct operating costs   (6,008 )     (12,209 )     (34,883 )     (50,021 )
    General and administrative expenses   (324 )     (336 )     (1,267 )     (1,538 )
    Interest income (expense), net   (752 )     (858 )     (3,104 )     (3,596 )
    Equity accounted income (loss), net   35       48       90       132  
    Impairment reversal (expense), net   (991 )     (780 )     (981 )     (831 )
    Gain (loss) on acquisitions/dispositions, net         4,477       692       4,686  
    Other income (expense), net   (360 )     (344 )     (573 )     (178 )
    Income (loss) before income tax   (973 )     3,403       594       3,722  
    Income tax (expense) recovery          
    Current   (158 )     (171 )     (646 )     (775 )
    Deferred   23       252       947       830  
    Net income (loss) $ (1,108 )   $ 3,484     $ 895     $ 3,777  
    Attributable to:          
    Limited partners $ (150 )   $ 488     $ (37 )   $ 482  
    Non-controlling interests attributable to:          
    Redemption-exchange units   (141 )     457       (35 )     451  
    Special limited partner                      
    BBUC exchangeable shares   (147 )     478       (37 )     472  
    Preferred securities   13       17       52       83  
    Interest of others in operating subsidiaries   (683 )     2,044       952       2,289  
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited  Three Months Ended December 31, 2024
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ (955 )   $ (72 )   $ (31 )   $ (50 )   $ (1,108 )
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     223       228       328             779  
    Impairment reversal (expense), net     690       1       300             991  
    Gain (loss) on acquisitions/dispositions, net                              
    Other income (expense), net1     312       4       47       (3 )     360  
    Income tax (expense) recovery     28       9       115       (17 )     135  
    Equity accounted income (loss), net     (4 )     (12 )     (19 )           (35 )
    Interest income (expense), net     233       166       313       40       752  
    Equity accounted Adjusted EBITDA2     25       47       17             89  
    Amounts attributable to non-controlling interests3     (335 )     (211 )     (764 )           (1,310 )
    Adjusted EBITDA   $ 217     $ 160     $ 306     $ (30 )   $ 653  
     Notes:  
     1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $116 million of net gains on the sale of property, plant and equipment and other assets, $57 million related to provisions recorded at our construction operation, $52 million of business separation expenses, stand-up costs and restructuring charges, $27 million of net gains on debt modification and extinguishment, $16 million of net revaluation gains and $3 million in transaction costs.
     2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
     3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
         
    US$ millions, unaudited Year Ended December 31, 2024
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ (169 )   $ (347 )   $ 1,654     $ (243 )   $ 895  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     961       888       1,355             3,204  
    Impairment reversal (expense), net     686       (11 )     306             981  
    Gain (loss) on acquisitions/dispositions, net     (608 )           (84 )           (692 )
    Other income (expense), net1     365       32       164       12       573  
    Income tax (expense) recovery     75       6       (341 )     (41 )     (301 )
    Equity accounted income (loss), net     (4 )     (23 )     (63 )           (90 )
    Interest income (expense), net     972       701       1,279       152       3,104  
    Equity accounted Adjusted EBITDA2     79       168       61             308  
    Amounts attributable to non-controlling interests3     (1,525 )     (808 )     (3,084 )           (5,417 )
    Adjusted EBITDA   $ 832     $ 606     $ 1,247     $ (120 )   $ 2,565  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $251 million related to provisions recorded at our construction operation, $168 million of net revaluation gains, $158 million of business separation expenses, stand-up costs and restructuring charges, $108 million of net gains on the sale of property, plant and equipment and other assets, $52 million of net gains on debt modification and extinguishment, $50 million of other income related to a distribution at our entertainment operation, $35 million in transaction costs and $100 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited Three Months Ended December 31, 2023
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ 51     $ 3,744     $ (264 )   $ (47 )   $ 3,484  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     287       257       347             891  
    Impairment reversal (expense), net     650       33       97             780  
    Gain (loss) on acquisitions/dispositions, net     (566 )     (3,902 )     (9 )           (4,477 )
    Other income (expense), net1     (24 )     46       317       5       344  
    Income tax (expense) recovery     18       (10 )     (68 )     (21 )     (81 )
    Equity accounted income (loss), net     (6 )     (22 )     (20 )           (48 )
    Interest income (expense), net     259       225       336       38       858  
    Equity accounted Adjusted EBITDA2     17       51       17             85  
    Amounts attributable to non-controlling interests3     (459 )     (238 )     (531 )           (1,228 )
    Adjusted EBITDA   $ 227     $ 184     $ 222     $ (25 )   $ 608  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $247 million loss related to the reclassification of our graphite electrode operations as a financial asset, $96 million of net gains on debt extinguishment/modifications, $80 million of business separation expenses, stand-up costs and restructuring charges, $37 million in transaction costs and $76 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited Year Ended December 31, 2023
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ 602     $ 3,616     $ (245 )   $ (196 )   $ 3,777  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     1,045       1,174       1,373             3,592  
    Impairment reversal (expense), net     656       (13 )     188             831  
    Gain (loss) on acquisitions/dispositions, net     (720 )     (3,916 )     (50 )           (4,686 )
    Other income (expense), net1     (138 )     (90 )     396       10       178  
    Income tax (expense) recovery     245       (6 )     (218 )     (76 )     (55 )
    Equity accounted income (loss), net     (25 )     (51 )     (56 )           (132 )
    Interest income (expense), net     1,031       1,051       1,369       145       3,596  
    Equity accounted Adjusted EBITDA2     61       183       63             307  
    Amounts attributable to non-controlling interests3     (1,857 )     (1,095 )     (1,965 )           (4,917 )
    Adjusted EBITDA   $ 900     $ 853     $ 855     $ (117 )   $ 2,491  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $446 million of net gains on debt modification and extinguishment, $247 million loss related to the reclassification of our graphite electrode operations as a financial asset, $246 million of business separation expenses, stand-up costs and restructuring charges, $116 million in transaction costs, $93 million of net revaluation gains and $108 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
       

    Brookfield Business Corporation Reports 2024 Year End Results

    Brookfield, News, January 31, 2025 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced today its net income (loss) for the year ended December 31, 2024.

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
               
    Net income (loss) attributable to Brookfield Business Partners $ (396 )   $ 454     $ (888 )   $ 519  

    Net loss attributable to Brookfield Business Partners for the year ended December 31, 2024 was $888 million compared to net income of $519 million in 2023 which included net gains primarily related to the sale of our nuclear technology services operation. Current year results included $208 million of remeasurement loss on our exchangeable and class B shares that are classified as liabilities under IFRS. As at December 31, 2024, the exchangeable and class B shares were remeasured to reflect the closing price of $23.42 per unit.

    Dividend

    The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per share, payable on March 31, 2025 to shareholders of record as at the close of business on February 28, 2025.

    Additional Information

    Each exchangeable share of Brookfield Business Corporation has been structured with the intention of providing an economic return equivalent to one unit of Brookfield Business Partners L.P. Each exchangeable share will be exchangeable at the option of the holder for one unit. Brookfield Business Corporation will target that dividends on its exchangeable shares will be declared and paid at the same time as distributions are declared and paid on the Brookfield Business Partners’ units and that dividends on each exchangeable share will be declared and paid in the same amount as distributions are declared and paid on each unit to provide holders of exchangeable shares with an economic return equivalent to holders of units.

    In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review the Letter to Unitholders, Supplemental Information and other continuous disclosure filings which are available at https://bbu.brookfield.com.

    Please note that Brookfield Business Corporation’s previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com/bbuc under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

     
    Brookfield Business Corporation
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited December 31, 2024   December 31, 2023
                           
    Assets                      
    Cash and cash equivalents         $ 1,008             $ 772  
    Financial assets           353               224  
    Accounts and other receivable, net           3,229               3,569  
    Inventory, net           52               61  
    Other assets           627               737  
    Property, plant and equipment           2,480               2,743  
    Deferred income tax assets           197               221  
    Intangible assets           5,966               6,931  
    Equity accounted investments           198               222  
    Goodwill           4,988               5,702  
    Total Assets         $ 19,098             $ 21,182  
                           
    Liabilities and Equity                      
    Liabilities                      
    Accounts payable and other         $ 5,276             $ 4,818  
    Non-recourse borrowings in subsidiaries of Brookfield Business Corporation           8,490               8,823  
    Exchangeable and class B shares           1,709               1,501  
    Deferred income tax liabilities           988               1,280  
                           
    Equity                      
    Brookfield Business Partners $ (59 )       $ 880      
    Non-controlling interests   2,694           3,880      
          2,635         4,760  
    Total Liabilities and Equity   $ 19,098       $ 21,182  
     
    Brookfield Business Corporation
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    December 31,
      Year Ended
    December 31,
      2024       2023       2024       2023  
    Continuing operations          
    Revenues $ 2,209     $ 1,946     $ 8,208     $ 7,683  
    Direct operating costs   (2,041 )     (1,749 )     (7,568 )     (6,794 )
    General and administrative expenses   (107 )     (78 )     (326 )     (268 )
    Interest income (expense), net   (212 )     (206 )     (832 )     (878 )
    Equity accounted income (loss), net   2       2       8       3  
    Impairment reversal (expense), net   (689 )     (599 )     (691 )     (606 )
    Gain (loss) on acquisitions/dispositions, net                     87  
    Remeasurement of exchangeable and class B shares   (9 )     (392 )     (208 )     (264 )
    Other income (expense), net   (469 )     44       (666 )     126  
    Income (loss) before income tax from continuing operations   (1,316 )     (1,032 )     (2,075 )     (911 )
    Income tax (expense) recovery          
    Current   (8 )     (5 )     (50 )     (167 )
    Deferred   42       1       198       95  
    Net income (loss) from continuing operations $ (1,282 )   $ (1,036 )   $ (1,927 )   $ (983 )
    Discontinued operations          
    Net income (loss) from discontinued operations         3,885             3,812  
    Net income (loss) $ (1,282 )   $ 2,849     $ (1,927 )   $ 2,829  
    Attributable to:          
    Brookfield Business Partners $ (396 )   $ 454     $ (888 )   $ 519  
    Non-controlling interests   (886 )     2,395       (1,039 )     2,310  


    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation and volatility in the financial markets; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; changes to U.S. laws or policies, including changes in U.S. domestic economic policies and foreign trade policies and tariffs; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 to be filed on Form 20-F.

    Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

    This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

    References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Unitholders’ results include limited partnership units, redemption-exchange units, general partnership units, BBUC exchangeable shares and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our annual report for the year ended December 31, 2024 to be filed on Form 20-F.

    The MIL Network

  • MIL-OSI United Nations: World Wetlands Day 2025: Protecting Wetlands for Our Common Future

    Source: United Nations

    Celebrated annually on 2 February, World Wetlands Day aims to raise global awareness of the vital role of wetlands for people, nature and culture. This year’s theme, ‘Protecting Wetlands for Our Common Future’, reminds us of the benefits wetlands provide for biodiversity and human wellbeing.

    Wetlands are among the world’s most productive ecosystems and critical for wildlife preservation. Wetlands help us cope with the impacts of climate change and secure critical freshwater recources. Wetlands have also shaped human cultures over centuries, and inspired our creativity. We need healthy wetlands for our future, and for our well-being.

    Wetlands are protected under many conservation instruments, yet they are among the planet’s most theratened ecosystems. UNESCO supports the work of the Ramsar Convention on conservation and wise use of wetlands. Many wetlands have been recognised not only as Ramsar sites but also as UNESCO World Heritage properties and Biosphere Reserves. International designations can support the protection of wetlands and improve access to resources which are often much needed for securing their values.

    Mont-Saint-Michel and its Bay (France) is one of the dual designations under the Ramsar and World Heritage Conventions. It is a vital coastal wetland that provides essential habitat for migratory birds and supports local fisheries with a unique Gothic-style Benedictine abbey which is a great combination of culture and nature. Conservation efforts have helped maintain the delicate balance between the region’s natural environment and human activities, offering sustainable livelihoods to local communities while preserving cultural heritage.

    Wood Buffalo National Park (Canada) protects one of the world’s largest inland deltas. This wetland plays a critical role in the health of the surrounding ecosystems and provides a source of fresh water for local communities. By conserving the park’s wetlands, indigenous people and local residents benefit from enhanced food security, including access to fish and wildlife.

    Banc d’Arguin National Park (Mauritania) is an important coastal wetland that provides a haven for migratory birds, fish, and other wildlife. Local people benefit from the health of this wetland, which sustains fish stocks and supports their traditional livelihoods.

    Itsukushima Shinto Shrine (Japan) and its surrounding wetlands are crucial for maintaining the natural beauty of the region and has been a holy place of Shintoism. By protecting the wetlands, local communities benefit from the economic boost of tourism, while also preserving the cultural and spiritual significance of the landscape that has shaped their traditions for centuries.

    This year, World Wetlands Day shares the same theme with the 15th Meeting of the Conference of the Contracting Parties to the Convention on Wetlands (COP15), which is scheduled for July 2025 in Mosi-oa-Tunya/Victoria Falls, in Zimbabwe. It is also a UNESCO World Heritage site, shared by Zimbabwe and Zambia, and has one of the most spectacular waterfalls in the world.

    Visit the official World Wetlands Day 2025 website to explore global events, access communication materials and pledge your message for protecting wetlands for our common future.

    Learn more about our efforts to protect wetlands of global importance : here   

     

     

    MIL OSI United Nations News

  • MIL-OSI Africa: African Mining Week (AMW) to Showcase Africa’s Rising Investment Potential in the Mining Sector

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, January 31, 2025/APO Group/ —

    International investments in Africa’s mining sector are surging as global demand for both traditional and emerging minerals continues to grow. For example, Australian mining firms saw their asset value in Africa reach $60 billion in 2024, while Canadian firms’ assets climbed to $37 billion. China also launched an ambitious $50 billion, three-year investment strategy targeting increased stakes in Africa’s most lucrative opportunities including in the mining sector.

    The upcoming African Mining Week Summit, scheduled for October 1 – 3 in Cape Town, will highlight profitable opportunities within Africa’s mining industry and reinforce the continent’s attractiveness as an investment destination for global mining financiers.

    Untapped Mineral Deposits

    Africa’s vast, untapped mineral resources present potential for new investments. The continent holds 30% of the world’s critical minerals (https://apo-opa.co/3ClkUGd) essential for the energy transition, including the largest global reserves of cobalt (in the Democratic Republic of Congo) and over 80% of the world’s platinum group metals in South Africa. The continent accounts for more than 44% of global diamond production, while its share of the gold market continues to grow, with markets such as Ghana, Mali and Zimbabwe ramping up production.

    Supportive Policies and Investor-Friendly Terms

    African governments are enhancing the investment climate within the mining industry by enacting new policies and modernizing fiscal terms to streamline processes and reduce delays in project rollouts. Zambia, for instance, introduced a New Mining Tax Regime in 2023, improving transparency and reducing tax evasion, as the country targets a copper production target of three million tons by 2032. Mali has also experienced increased investment flows following its 2023 Mining Code, with global players such as HummingGold, B2Gold and Ganfeng committing to new lithium and gold projects. Malawi has also taken steps to attract investments by launching its Mining Regulatory Authority in October 2024, supported by the Mines and Minerals Act of 2023.

    Improved Mining and Export Infrastructure

    African nations are enhancing cooperation with global partners to improve mining production and mineral transportation infrastructure. For example, investment firm Africa Finance Corporation has announced that the Zambia-Lobito Railway project will commence (https://apo-opa.co/3Q0RcJL) construction in early 2026, to facilitate the efficient and cost-effective transportation of critical minerals from East and Southern Africa to global markets. Upgrades to the Tanzania-Zambia Railway (https://apo-opa.co/3PXFeAE) and South Africa’s modernization of ports through freight operator, Transnet, are further enhancing the region’s mining investment prospects.

    Rich Mining History

    Africa’s established history as a global mining hub has fostered the development of key infrastructure and a skilled workforce that international mining firms rely on to meet global mineral demand. Mining remains a cornerstone of many African economies, attracting both traditional and emerging players keen to expand their operations and leverage the continent’s resources. With its rich deposits and ongoing improvements in policy and infrastructure, Africa maintains its position as a key investment destination for the global mining industry.

    African Mining Week will serve as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference (https://apo-opa.co/4htJMdI) from October 1 -3. in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com

    MIL OSI Africa

  • MIL-OSI United Kingdom: 2025 Presidential Elections in Belarus: joint statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    The UK and other members of the Informal Group of Friends of Democratic Belarus deliver a joint statement on elections in Belarus and the deteriorating human rights situation.

    I am delivering this statement on behalf of the following participating States, who are members of the Informal Group of Friends of Democratic Belarus:  Belgium, Bulgaria, Canada, Croatia, Czechia, Cyprus, Denmark, Estonia, Finland, France, Greece, Iceland,  Ireland, Italy, Latvia, Lithuania, Luxembourg, Montenegro, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Ukraine, the United Kingdom and my own country, Germany.  

    The following participating States are also joining this statement: Albania, Andorra, Austria, Bosnia, Liechtenstein, Malta, San Marino, Switzerland and North Macedonia.    

    At Copenhagen in 1990, all OSCE participating States declared that “the will of the people, freely and fairly expressed through periodic and genuine elections, is the basis of the authority and legitimacy of all government”.  

    The presidential elections in Belarus on 26 January fell far short of this shared standard. Instead of reflecting multi-party democracy, accountability of government to the electorate or the free and fair expression of citizens’ will, this election outcome was pre-determined by the Belarusian government. The poll was carried out in a climate of fear and repression where opposition was silenced. Moreover, Belarusians were denied access to information from independent, pluralistic media.  

    Repression intensified in the pre-election period. While some political prisoners have been released, Belarus continues to detain many more. Over 1,250 people remain incarcerated. Many political prisoners face isolation, mistreatment and lack of medical treatment. The UN Committee against Torture reported that torture in these prisons is systemic, habitual, widespread and deliberate with a pattern of impunity for perpetrators. Last year, four political prisoners died behind bars.   

    The arrest and persecution of journalists and media professionals has also reached an all-time high; the Belarusian Association of Journalists notes that 42 media workers were imprisoned in the run up to election day.  

    We deplore Belarus’ involvement and complicity in Russia’s unprovoked, unjustifiable and illegal war of aggression against Ukraine and condemn the serious, ongoing human rights violations committed by the Belarusian authorities. We reiterate our call for the Belarusian authorities to release all political prisoners, immediately and unconditionally, and to ensure their rehabilitation. 

    No election can be considered as free and fair or meeting international standards when it is held in a climate of ongoing repression, marked by continuous pressure on civil society, arbitrary detentions and widespread human rights violations, as well as restrictions of any genuine political participation and a lack of credible opposition candidates.   

    We recall that ODIHR made efforts in recent months to engage with the Belarusian authorities on election observation, in line with Belarus’ commitment at Copenhagen in 1990.     

    The Belarusian authorities’ late invitation – delivered only ten days before the presidential elections – prevented ODIHR’s access to key stages of the election process, making meaningful observation impossible. It stands as further proof that this electoral process lacked transparency and credibility.     

    Sadly, this approach to OSCE commitments is wholly consistent with earlier decisions by Belarus. As well as preventing meaningful observation of these elections, Belarus failed to invite OSCE observation of the February 2024 parliamentary elections. Nor has Belarus made progress on the recommendations of either the 2020 or 2023 Moscow Mechanism reports, or responded meaningfully to the questions raised in the 2024 Vienna Mechanism.  

    Indeed, since the fraudulent presidential election of 2020, Belarusian authorities have engaged in a brutal crackdown on opposition figures, human rights defenders, civil society representatives, journalists, and other citizens who dare voice any opposition or dissent. Human rights defenders report over 70,000 cases of repression since 2020. These range from interrogations, detentions or searches to legislative amendments, labelling and prosecuting some human rights defenders as so-called “extremists” and closing NGOs as well as forced exile and confiscation of property.   

    In the face of this utter disregard of OSCE principles and commitments by the Belarusian authorities, we underscore the right of Belarusians to determine their own future in a genuinely free and fair manner, and to be able to do so without fear, oppression and external interference. In this Council and beyond, we will continue to support the Belarusian people’s hope for a free, democratic and independent Belarus.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Australia: New Consul-General to Toronto

    Source: Minister for Trade

    Today I am pleased to announce the appointment of Rachelle Jackson to lead an Australian diplomatic post in Canada.

    Ms Jackson has been appointed to the role of Consul-General and Trade and Investment Commissioner in Toronto, Canada.

    Ms Jackson has a wealth of experience in trade and investment policy having held multiple leadership roles at Austrade in Melbourne and Sydney, and as a Trade Commissioner in New York and San Francisco.

    Her appointment underscores the importance of Australia’s relationship with Canada, and will advance our trade and diplomatic interests, and drive opportunities for a continued and strong bilateral trading relationship.

    I congratulate Ms Jackson on her well-deserved appointment.

    I thank the outgoing Consul-General and Trade Commissioner Josh Riley for his time and successful efforts in the role.

    MIL OSI News

  • MIL-OSI NGOs: Libre determinación y unidad nacional popular ante el irredentismo imperial

    Source: Council on Hemispheric Affairs –

    Opinion

    By Abdiel Rodríguez Reyes

    Ciudad de Panamá

    A los pueblos les asiste el derecho a decidir su propio destino colectivo según lo estableció la Conferencia de Bandung en 1955 y el Pacto Internacional de Derechos Civiles y Políticos de 1966, lo cual no fue gratuito, sino producto de la lucha de los países periféricos por su descolonización. Ante esta realidad, Estados Unidos nunca renunció a extender la doctrina Monroe hasta el presente. Empeorando la situación, el irredentismo imperial con el presidente Donald Trump se hace explícito. La desconfianza de la población hacia la élite política en esta coyuntura se está reproduciendo en el imaginario colectivo en un marcado desinterés por el irredentismo imperial de Trump. Esto último, busca la anexión y recuperación de territorios, aunque no compartan fronteras, como el caso de Groenlandia y Panamá. Y, no se trata del capricho de una persona, en este caso Trump, sino de una racionalidad imperial.

    Ante las amenazas de Trump de anexarse territorios, recuperar otros, como el Canal de Panamá y, ultrajar a países como Canada, Colombia, México, Cuba y Venezuela con falacias y sanciones, una vía para resistir es la organización de los pueblos y la puesta en marcha de una agenda en común cuyo contenido sea la autodeterminación de los pueblos, la integración regional y la unidad nacional popular. La élite política panameña no necesariamente va a defender los más caros intereses del pueblo. Estados Unidos es nuestro principal socio comercial y con el coloso del Norte mantenemos una relación de dependencia. Nuestra élite es cipaya en esa conjunción. Lo demuestra cada vez que puede, con la soga al cuello patea el banco. Recientemente ante el altercado en redes sociales entre los presidentes Gustavo Petro y Trump, el Gobierno de la República de Honduras, ocupando la presidencia Pro Tempore de la CELAC, convocó a una reunión urgente para atender la situación, pero fue cancelada por “falta de consenso” (https://surl.li/ctjijs).

    En el caso particular de Panamá, las élites políticas panameñas tienen más de un siglo negociando con los estadounidenses en beneficio propio. Al pueblo le tocará organizarse para garantizar los suyos, así como lo hizo el 9 de enero de 1964. Los intereses del pueblo no necesariamente son los mismos de la élite, aunque por momentos puedan coincidir. El problema de fondo no es Trump, sino, el irredentismo imperial. Hoy es Trump, mañana será otro presidente y, en el fondo, subyace esa racionalidad irredentista. Por lo tanto, es necesario diseñar mecanismos de defensa y resistencia, táctica y estratégicamente. Es imperativo enrumbar las acciones hacia una correlación regional de fuerza distinta en función de la unidad latinoamericana hasta la constitución de un nuevo “bloque histórico” como diría Gramsci.

    Siguiendo con el espíritu irredentista expresado por el presidente Trump en su red social Truth Social y, en su discurso presidencial, la Comisión Marítima Federal de los Estados Unidos convocó a una audiencia para discutir la supuesta presencia China en el Canal. El internacionalista Julio Yao hizo un análisis de la resolución de la Comisión y concluye con la necesidad de consultar a la Corte Internacional de Justicia si las peticiones de Estados Unidos no constituyen una violación al derecho internacional. Peticiones a todas luces injerencistas. En particular: “EE. UU. no puede instar a Panamá “a reafirmar su compromiso con el Tratado de Neutralidad permanente del Canal”, ya que Panamá lo ha hecho siempre, contrario a EE. UU. que lo ha violado cada vez y exclusivamente para satisfacer sus intereses de seguridad para sus fuerzas armadas” (https://surl.li/mwpuos).

    Ese es el argumento de fondo del irredentismo imperial, invocar el Tratado Concerniente a la Neutralidad Permanente del Canal y el Funcionamiento del Canal de Panamá, en particular la Enmienda DeConcini: la cual posibilita que Estados Unidos “pueda tomar medidas militares en suelo panameño sin el consentimiento del Gobierno de Panamá” (https://surl.li/kvxhkh). Para justificar esta acción han recurrido a falacias sobre la presencia China en Panamá hasta la cantidad de muertos en la construcción del Canal por los estadounidenses en 1914. El historiador y diplomático Omar Jaén Suarez aclaró este último punto en uno de sus recientes artículos, “La mortalidad durante la construcción del Canal interoceánico […] entre 1904 y 1914, sólo hay 350 estadounidenses (6 %) según la Comisión del Canal Ístmico, mientras que los empleados afroantillanos muertos fueron 4.049 (72 %) […] los datos no señalan más de 6.280 muertes entre los empleados de las compañías del canal francés desde 1881 hasta 1903” (https://surl.li/kybccq). Y, así sucesivamente el irredentismo imperial se sostiene sobre falacias para justificar su interés de recuperar el Canal.

    Como señala Greg Grandin, profesor en Yale, en un reciente artículo en el New York Times: el “lenguaje desinhibido [que utiliza Trump] aumenta la volatilidad de un mundo ya de por sí volátil” (https://surl.li/oziinq), esa táctica de choque, en la cual una de sus principales armas son las redes sociales, busca desestabilizar para alcanzar sus objetivos. En última instancia, MAGA (Make America Great Again) es su sueño por “un nuevo imperio estadounidense”, como lo planteó Grandin. Para ese cometido, necesitará doblegar aún más a sus ya arrodillados socios. Allí cobra importancia las posiciones antiimperialistas y descolonizadoras, cuando ya muchos la daban por muertas. No se trata de sacar una bandera panameña a última hora e invocar un patriotismo abstracto; a diferencia del pueblo panameño consciente y organizado de su historia de lucha, que recuerda a sus mártires de la lucha generacional por la recuperación de nuestra soberanía.

    En esa misma línea de Grandin, el abogado y académico panameño Alonso Illueca, escribió en el El País: “Parado sobre una tradición sepultada a mediados del siglo XX, Trump relanzó el pasado 20 de enero de 2025 la política expansionista del destino manifiesto y la doctrina Monroe” (https://surl.li/zzqzdx), en detrimento nuestro, particularmente por sus “criterios” en torno al manejo del Canal; pero, también como policía del mundo, inicia una cruzada contra la izquierda como en los grises días de la guerra fría. No es casualidad que los presidentes en la asunción de Trump tengan algo en común: odian a la izquierda. Su toma de posesión fue un retrato a cuerpo entero, rodeado de los milmillonarios magnates de la tecnología. Veremos un despliegue del fetichismo del capitalismo digital, hostigamiento hacia las izquierdas y contra defensores de Derechos Humanos.

    No vemos a una élite política defendiendo los más caros intereses del pueblo panameño ante la afrenta imperial, en cambio sí sus privilegios. La unidad popular no es otra cosa que la unidad en base a intereses colectivos. Sin la autodeterminación de los pueblos, la integración regional y la unidad nacional popular sobre la mesa, el patriotismo abstracto de la élite política negociará sus privilegios en el marco del irredentismo imperial.

    Photo credit: Pedro Silva

    Abdiel Rodríguez Reyes es Doctor en filosofía por la Universidad del País Vasco y profesor e investigador en la Universidad de Panamá

    MIL OSI NGO

  • MIL-OSI Canada: Wildlife Management Advisory Council (North Slope) and Government of Yukon host conference on Indigenous Conservation Economies

    Wildlife Management Advisory Council (North Slope) and Government of Yukon host conference on Indigenous Conservation Economies
    jlutz

    This is a joint release between the Wildlife Management Advisory Council (North Slope) and the Government of Yukon.

    The Wildlife Management Advisory Council (North Slope) and the Government of Yukon welcomed representatives from 28 Indigenous nations, along with representatives from diverse sectors, governments and conservation-focused organizations to the Yukon North Slope Conference 2025: Indigenous Conservation Economies in Whitehorse from January 28 to 30.

    The goal of the conference is to promote public discussion of co-management of the Yukon North Slope area. It is also an opportunity to celebrate Inuvialuit culture and successes in collaborative implementation of the Inuvialuit Final Agreement.

    This year’s theme, Indigenous Conservation Economies, was inspired by the new Aullaviat/Anguniarvik Traditional Conservation Area on the Yukon North Slope. The theme provided Indigenous governments and groups, as well as other partners, the opportunity to connect and discuss how Indigenous Peoples can use their traditional economies to thrive across a variety of sectors and geographies. This includes Indigenous-led conservation areas, conservation finance, harvesting and on-the-land support, guardians and monitoring programs, climate adaption initiatives, ecotourism, research economies and artistry.

    Frank Brown, a Hereditary Chief of the Heiltsuk Nation from Bella Bella in British Columbia gave the keynote address to over 200 participants attending from across the Canadian North. The Yukon North Slope Conservation Award was also given out during the conference and a film celebrating the Aullaviat/Anguniarvik Traditional Conservation Area Agreement premiered during the conference. 

    The Inuvialuit Final Agreement was signed in 1984 and identified the Yukon’s North Slope as a place for conservation of wildlife, habitat and traditional Inuvialuit use. 2024 marked the 40th anniversary of the Inuvialuit Final Agreement. This year’s conference is the 11th Yukon North Slope Conference since the agreement was signed.

    MIL OSI Canada News

  • MIL-OSI Canada: Statement from Premier Pillai on the crime prevention programming available with the Whitehorse Chamber of Commerce

    Statement from Premier Pillai on the crime prevention programming available with the Whitehorse Chamber of Commerce
    jlutz

    This statement has been updated to correct the name and title of the representative from the Whitehorse Chamber of Commerce.

    Premier and Minister of Economic Development Ranj Pillai has issued the following statement:

    “In December, the Government of Yukon and the Whitehorse Chamber of Commerce announced joint efforts to address community safety in downtown Whitehorse. Today, I was pleased to be joined by Chair of the Safety Committee of the Whitehorse Chamber of Commerce Joel Gaetz to formally announce the Safebiz: Whitehorse Community Safety Pilot Program, designed to support businesses and non-government organizations with practical tools to enhance safety and security.

    “This program is funded by the Government of Yukon and administered by the Whitehorse Chamber of Commerce. Based on program models in British Columbia, Manitoba and Alberta, as well as discussions with members of the Whitehorse business community, phase 1 of the Safebiz program will help provide businesses with funding for security assessments, safety and de-escalation training and resources to help businesses improve their security measures.

    “Business owners and organizations can sign up for the program by visiting whitehorsechamber.ca/safebiz. Appointments for comprehensive security assessments are available now on a first-come, first-served basis. Business owners and organizations can also sign themselves and their employees up for training sessions designed to enhance security.

    “I want to thank the chamber’s Executive Director Andrei Samson and their Executive Committee for all their hard work and continued partnership in supporting the Yukon’s entrepreneurs. The Whitehorse Chamber of Commerce is highly regarded by our business community and I am grateful that they are taking on this critical task that will make our capital city a safer place for people to work, live and visit.

    “Our territory’s entrepreneurs are known for their community-centric practices and for giving back to those in need. My hope is that this program will empower local businesses to create safer spaces for their staff and customers so they can continue their important work with fortitude.

    “This program is only one piece of a larger picture and we know there is more work to do. Improving security in our downtown area means addressing a multitude of social inequities in our community and supporting both prevention and policing. Our government remains committed to working on these issues alongside our partners. Together, we will continue work to foster a vibrant and safe downtown community.”

    MIL OSI Canada News

  • MIL-OSI Canada: Updates on micro-generation program pause

    The Government of Yukon is extending the pause of intakes to the micro-generation renewable energy program until January 15, 2026. The area of the pause is expanding to include all communities connected to the Yukon grid.

    The pause began in December 2023 to allow the Government of Yukon and the utilities time to assess what system upgrades are needed to ensure the grid remains reliable and stable as more renewable energy comes online. The Government of Yukon has completed phase one of a two-part study which recommends not adding any additional micro-generation systems at this time while additional analysis is completed. The second phase is expected to be completed in 2025 and will focus on evaluating the effects of proposed micro-generation and utility system upgrades.

    The micro-generation program remains open for intake for Watson Lake, Beaver Creek, Old Crow, Burwash Landing and Destruction Bay – with limits in place.

    MIL OSI Canada News

  • MIL-OSI Security: Sipekne’katik  — Missing person: Help the RCMP find Jerome Patrick Paul

    Source: Royal Canadian Mounted Police

    Sipekne’katik RCMP is asking for the public’s assistance in locating 48-year-old Jerome Patrick Paul who was last seen in Sipekne’katik (Indian Brook).

    Paul is described as 5-foot-8 and 200 pounds. He has short dark brown hair, brown eyes and is known to wear glasses. Paul is believed to be wearing a sweatshirt and sweatpants.

    At this time, investigators believe that Paul may be driving a dark blue Chevrolet cargo van with the rear passenger window smashed out.

    When someone goes missing, it has deep and far-reaching impacts for the person and those who know them. We ask that people spread the word through social media respectfully.

    Anyone with information on the whereabouts of Jerome Patrick Paul is asked to contact the Indian Brook RCMP detachment at 902-758-3388. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    File #: 2025-136698

    MIL Security OSI

  • MIL-OSI: Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) today announced it has successfully completed its previously announced minority investment in Runway Growth Capital LLC (“Runway”), alongside BC Partners and its affiliates, which are acquiring the remaining outstanding ownership in Runway. On closing, Mount Logan issued to former Runway members an aggregate of 2,693,071 common shares of Mount Logan at a deemed price of C$2.67, which was determined based on the 20-day volume-weighted average price prior to and including January 27, 2025.

    With approval of a new investment advisory agreement, Runway will continue to serve as investment adviser to its managed funds, including Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth Finance”), a business development company, and to other private funds. Mount Logan looks forward to working with BC Partners and Runway’s management and investment teams to capitalize on the opportunities available in the North American credit markets.

    Management Commentary

    Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, stated, “We are thrilled to officially welcome David and the talented team at Runway to the Mount Logan family. We are excited about partnering with the Runway team to scale their specialized capabilities in providing financing solutions to late-stage growth platforms. Since the announcement, we have already seen significant benefits of our alignment with the Runway team. Runway’s expertise enhances our credit capabilities, and we are confident in our ability to leverage their strong investment acumen to expand our product suite and further diversify our private credit fund offerings.”

    Advisors

    Wildeboer Dellelce LLP acted as Canadian legal counsel to Mount Logan. Simpson Thacher & Bartlett LLP acted as legal counsel to BC Partners. Oppenheimer & Co. Inc. acted as the exclusive financial advisor to Runway Growth Capital LLC. Wachtell, Lipton, Rosen & Katz acted as legal counsel to Runway Growth Capital LLC and Eversheds Sutherland (US) LLP acted as legal counsel to the independent directors of Runway Growth Finance.

    About Mount Logan Capital Inc.

    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) advised by ML Management, (ii) a non-diversified closed-end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is also no longer insuring or re-insuring new long-term care risk.

    About Runway Growth Capital LLC

    Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of $30 million to $150 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit www.runwaygrowth.com.

    About Runway Growth Finance Corp.

    Runway Growth Finance is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth Finance is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth Finance is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

    About BC Partners & BC Partners Credit

    BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visit www.bcpartners.com/credit-strategy.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “target” and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of the Company regarding future results or events and are based on information currently available to it. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking statements discussed in this release include, but are not limited to, statements relating to the Company’s business strategy, model, approach and future activities; portfolio composition, size and performance, asset management activities and related income, capital raising activities, future credit opportunities of the Company, portfolio realizations, the protection of stakeholder value, the expansion of the Company’s loan portfolio, including through its investment in Runway, synergies to be achieved by both the Company and Runway through the Company’s strategic minority investment, any future growth and expansion of each of both the Company and Runway, any change in earnings potential for the Company as a result of any growth of Runway, the business and future activities and prospects of Runway and the Company. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the expected synergies of the investment in Runway may not be realized as expected; the risk that each of the Company and Runway may require a significant investment of capital and other resources in order to expand and grow their respective businesses; the Company has a limited operating history with respect to an asset management oriented business model and the matters discussed under “Risk Factors” in the most recently filed annual information form and management discussion and analysis for the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not registered under the U.S. Securities Act of 1933, as amended, and the Company is not registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts
    Mount Logan Capital Inc.
    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    Scott Chan
    Investor Relations
    Scott.Chan@mountlogan.com

    The MIL Network

  • MIL-OSI USA: Tuberville Speaks During Hearing for HHS Secretary Nominee Robert F. Kennedy Jr., Champions Making America Healthy Again

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) spoke during the Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing for President Trump’s nominee for Secretary of Health and Human Services(HHS), Robert F. Kennedy Jr. Sen. Tuberville and Mr. Kennedy discussed the harmful ingredients used in American food products and ways to Make America Healthy Again.

    Earlier today, Sen. Tuberville penned an op-ed explaining why he supports Kennedy for HHS Secretary. 

    Read excerpts from Sen. Tuberville’s remarks below or watch on YouTube or Rumble.

    ON THE OVER-PRESCRIPTION OF MEDICATION:
    TUBERVILLE:
     “Thank you, Mr. Chairman. Thank you, Mr. Kennedy, for being here. Being a few months older than me, I’m going to be respectful to my elders. [laughs] […]

    Thank you for bringing light to what this is all about. It’s about the health in our country. There might have been a half a dozen people in [here for the hearing of] the last Health and Human Services nominee—nobody was interested. A lawyer who worked from home in California—didn’t do a damn thing in terms of what we needed when COVID was in full steam.

    So, thank you. Thank you for getting our young people involved. My two boys, 28 and 30, a year ago or so were gonna vote for you for President of the United States. You know why? Because you’re trying to save their group of people from the chemicals and the things that we have in our food. They’re fired up about it. And you brought light to that. And thank God you’ve done that. You brought importance to what we’re doing.

    You know, I coached for 40 years. In the last four or five years I coached, I’d never seen the run on drugs our young people are being given by doctors across this country. We have an attention deficit problem in this country. When you and I were growing up, our parents didn’t use a drug, they used a belt and whipped our butts, you know, and told us to sit down. Nowadays, we give them Adderall and Ritalin like candy across college campuses and high school campuses. Mr. Kennedy, what are we gonna do about that?”

    RFK JR: “Today, 15% of American kids are on Adderall. And there’s clearly a major problem with over-prescription, not just with our children, with our entire population. We have 4.2% of the world’s population, and we take fifty percent of the pharmaceutical drugs. And there’s a recent study by Peter Gotzsche, who is one of the founders of the Cochrane Collaboration that showed that prescription drugs are now the third largest cause of death in our country after cardiac arrest or colon cancer. We’re not getting healthier. Americans are getting less and less healthy. 70% of pharmaceutical profits will globally come from our country, which has 4.2% of the world’s population. We’re the only country that allows full-scale pharmaceutical ads on TV. And we’re all being told that you can eat anything you want, you can smoke anything you want, you can do anything you want and there’ll be a drug to fix you in the end. And it is not a good formula. And our kids are getting sicker and sicker. They’re not getting better. Nobody here—all the people here who are defending this current system and defending these pharmaceutical industry profits—many of whom are taking huge amounts of money from the pharmaceutical industry, millions of dollars for many of these senators. And none of that is making our country healthier. It’s making us sicker. We need to get rid of these conflicts. We need good science, and we need good leadership. [I’m] able to stand up to these big industries and not bend over for them.”

    ON VACCINES:

    TUBERVILLE: “And you brought to light the vaccines over the last couple of years. I’ll have my first granddaughter here in a couple of weeks, and my son and his wife have done their research about vaccines. And she’s not going to be a pin cushion. We’re not going to allow that to happen. But you brought that up, as you and I talked about with vaccines—let’s empower scientists to do their job. You know, don’t just do something for the pharmaceutical companies. So, I appreciate you doing that.”

    ON FOOD INGREDIENTS:
    TUBERVILLE:
     “One other thing is—you and I talked about Red Dye No. 3. It just happens that you and I talked about that and a few days later, in this room, we had the FDA director. And I asked him, why don’t we use Red Dye Three in our cosmetics, [but] use it in our food? Yet we don’t use it [in] cosmetics because it causes cancer. What the heck is going on? Well, a few weeks later because of that, [the Biden administration] dropped it. So, tell me about dyes and things that you’re concerned about. I [hear more] about that than anything.”

    RFK JR: “We have 10,000 ingredients in our food in this country because the FDA employs a standard called the GRAS standard. And it looks at any new chemical as innocent until proven guilty. Europe, they have 400 ingredients in their foods. Kellogg’s makes fruit loops for the United States alone. It is loaded with a red dye, blue, a yellow dye, and many, many other ingredients. They make the same product for Canada [with] all vegetable dyes. And for Europe, if you eat a McDonald’s French fry in this country, it has 11 ingredients. You eat the same product in Europe, it has three. We are allowing these companies because [of] their influence over this body, over our regulatory agencies, to mass poison American children. And that’s wrong. It needs to end, and I believe I’m the one person who’s able to end it.”

    BACKGROUND:

    As Alabama’s voice on the Senate Health, Education, Labor and Pensions (HELP) Committee and a co-founder of the Senate “Make America Healthy Again” Caucus, Senator Tuberville is a strong supporter of President Trump’s nomination of RFK Jr. to lead the U.S. Department of Health and Human Services. Sen. Tuberville shares Kennedy’s view that increased transparency is needed for our food and health care systems, especially the chemicals that are being put in America’s food. The FDA recently announced its decision to ban Red Dye 3 following Senator Tuberville questioning top FDA officials on the harm of these chemicals in a HELP hearing last month. 

    MORE:

    Tuberville: “America is facing a public health crisis; We must confirm Robert F Kennedy Jr.”

    Tuberville Joins Sen. Marshall in Launching Make America Healthy Again Caucus

    Tuberville, MAHA Caucus Celebrate FDA’s Decision to Ban Dangerous Red Dye No. 3 from Foods

    1819 News: Tuberville questions FDA over red dyes no. 40 and no. 3 in America’s food supply — ‘It’s not a conservative or a liberal standpoint’

    Tuberville Exposes Harmful Chemicals in American Food and Beverage Industry

    ICYMI: Tuberville Joins “National Report” on Newsmax

    Tuberville Meets with RFK Jr. and Todd Blanche

    Coach’s Monthly Column: All in for Trump’s America First nominees

    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: ICYMI: Last Night On Senate Floor, Shaheen Condemned Trump Administration Order to Stop Federal Funding for Grants and Loans, Shared Granite Staters’ Stories to Detail Impact of Decision on Families, Seniors and Businesses

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – In case you missed it: Last night, U.S. Senator Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Appropriations Committee, spoke on the Senate floor to condemn the Trump administration’s order to take away federal grants and loans that families, seniors and small businesses in all 50 states rely on for critical, often life-saving services. Shaheen illustrated the chaos caused by the extreme order by sharing the stories of many Granite Staters she has heard from this week. Click here to watch the Senator’s speech. 
    Key quotes from Senator Shaheen: 
    “This is a decision that does not lower costs, it does not create jobs, it does not enhance public safety or keep our communities safe. It’s a decision that actually will hurt people in my state of New Hampshire and too many across the country who rely on services that are now in jeopardy.” 
    “People in our states can’t get the housing that they’re counting on. If they can’t get their funding, that means more people are forced to live in their cars, on the streets. It means more people can’t get the help they need with substance use disorders or finding work. It means more people are stuck without permanent housing. And these are veterans, they’re families, they’re victims of domestic violence – they’re all placed at risk because of this order.” 
    “Another of my constituents, Kathleen, lives in housing for seniors. She has debilitating medical issues that make it hard for her to leave her home. She gets all of her food from a local food bank. She called my office because she’s worried that if this funding stops, she’ll be on the street, and she doesn’t know where her meals will come from. That’s what this order and these cuts are threatening.” 
    “Common sense calls for all of us to work on a bipartisan basis to help our constituents and put an end to the chaos that has been created by this administration in only its second week. I hope we can do that.” 
    Remarks as delivered can be found below: 
    Mr. President, I come to the floor this evening to join my colleagues to express my deep concerns about the Trump Administration’s extreme decision to take away services that millions of families and small businesses rely on.  
    This is a decision that does not lower costs, that does not create jobs, that does not enhance public safety or keep our communities safe. It’s a decision that actually will hurt people in my state of New Hampshire and too many across the country who rely on services that are now in jeopardy.     
    On Monday night, more than 2,600 federal programs were ordered to cease activities with less than 24 hours’ notice. They were given little guidance on how this should be carried out, and in every state across the country, confusion and panic among too many people followed.    
    Since that order, I have heard from countless Granite Staters who are worried about what this means for them and their families–from healthcare providers to nonprofit organizations to so many who are doing essential, lifesaving work.  
    Many of these organizations are waiting on promised funding for projects that they have already completed, funding that they went through the process, that they were guaranteed they were going to get these awards, and now they are in jeopardy.    
    The Trump Administration claims it wants to lower costs for folks. Well, let me be clear: this unprecedented decision does nothing to bring down the price of food, the price of housing, the price of childcare, the price of medications, or other lifesaving needs that families have.  
    So what we saw this afternoon is that the Administration tried to walk back their order; they rescinded the memo. But sadly, uncertainty and confusion remains, because the White House says that they rescinded the memo but the freeze wasn’t rescinded.   So like a lot of people in New Hampshire, I’m concerned, and I’m frustrated. In my state and across much of the country, there is an affordable housing crisis. Because of the Administration’s actions, housing organizations across New Hampshire are not able to use federal funds.  
    I heard from the Executive Director of the housing authority in the city of Rochester. They said they have 170 families who are at risk of being homeless if they can’t get their operating funding–and that is just one housing authority.    
    Despite what the Administration said about rental assistance not being affected, at no point yesterday did the Department of Housing and Urban Development say that this money would continue to be available. Housing funding that keeps all of these families and hundreds more across New Hampshire in their homes is at risk of being cut off.    
    Yesterday, we also heard from the mortgage bankers association. They were asking for clarity because they couldn’t be sure if they could help families complete the purchases of their homes.   
    The person we talked to said: “Americans are going to the closing table tomorrow and  deserve to know that their loan will close on their home purchase. Without this clear assurance that the federal government will ensure new loans or pay claims under these programs, there will be severe harm to borrowers and disruption to the mortgage market.”   Well, HUD gave that clarity for single-family mortgage insurance but not for multifamily properties, such as apartment buildings. That affects 20 percent of the multifamily housing construction across the country. Let me just say that again. It affects 20 percent of the multifamily housing construction that is happening right now. We are talking about 130,000 apartments nationally that are jeopardized by this administration’s actions.  
    Our housing shortage is much of why the most recent point-in-time count for homelessness found it up 18 percent across the country. We have far too many people in this country who don’t have a roof over their heads, and that is especially dangerous during these winter months.  
    Meanwhile, even though 2 weeks ago New Hampshire nonprofits and state and local governments were awarded more than $14 million to help shelter people and support them, today, they couldn’t access that money. That means they won’t have the funding they need for rent or to get reimbursed for supportive services.    
    And I want to be clear: even after a judge stayed the order, my constituents still cannot access their funding. The presiding officer is a former governor. He knows what that means. People in our states can’t get the housing that they are counting on. If they can’t get their funding, that means more people are forced to live in their cars, on the streets. It means more people can’t get the help they need with substance use disorders or in finding work. It means more people are stuck without permanent housing. These are veterans; they are families; they are victims of domestic violence. They are all placed at risk because of this order.  
    I heard from one constituent who has a mortgage from the U.S. Department of Agriculture. She has owned her home for 20 years now. She is almost at the point where she has paid off that mortgage, but without the mortgage assistance that she gets from the USDA, she is worried that she might lose her home entirely.    
    Another of my constituents, Kathleen, lives in housing for seniors. She has debilitating medical issues that make it hard for her to leave her home. She gets all of her food from a local food bank. She called my office because she is worried, if this funding stops, she will be on the street, and she doesn’t know where her meals are going to come from.    
    That’s what this order and these cuts are threatening–leaving seniors without a roof over their heads, not knowing where their next meal is going to come from.    
    It is not just in housing that people are concerned. The effects on communities are significant. The chaos of this order is hurting communities that have been promised funding for improvements they have made to their water infrastructure, to their energy use, and even to city parks.     
    We heard from the town of Conway, which is in the heart of the Mt. Washington valley in the white mountains. With help from the environmental protection agency, Conway has fixed an aging sewer pipe, their sewer main, to keep sewage from leaking into the groundwater.    
    New Hampshire is really good at working at the local, state, and federal level to address critical infrastructure. This week, Conway received word that, at least for now, they can’t get paid, thanks to this order from the Trump Administration. Conway has already done the work, they have already paid the contractors, and as of today, they are waiting for reimbursement of about $400,000 from the federal government. That is a big deal for a town in a rural area that has fewer than 10,000 people. It affects their tax base. If the federal government doesn’t come through with the money that has been promised, then taxpayers in Conway are going to have to make up that difference.    
    It is unacceptable for the administration to suggest that it won’t pay this bill, leaving families on the hook for unaffordable rate hikes.    
    I have also heard from one town administrator who is not yet sure how broad the scope of the administration’s order is and how it is going to affect their ongoing wastewater infrastructure project that is using a mix of federal and non-federal funds.    
    Their pump station relies on tarps to keep out the elements. The structure and equipment that keep the sewer system functioning face imminent failure. Without the federal funding–which, just to be clear again, has already been committed–there is no way this town can complete this project. That the whims of an unconfirmed budget director can create this degree of uncertainty is maddening.    
    I have heard from Kristen Murphy, who is with the town of Exeter. She is very concerned about the pause and the impact it will have on energy efficiency funding.    
    The energy efficiency community block grant program was poised to host a presentation in February for resident-owned manufactured housing on funding opportunities for energy efficiency. That is particularly important for those people who live in manufactured housing. And I did when my husband and I were in graduate school. We lived in what we called a mobile home; now it is manufactured housing. I know how challenging it is to keep them heated and warm and comfortable for the people who live there.    
    As Kristen pointed out, support for these manufactured housing communities is essential because a greater percentage of their annual income goes to home heating costs than it does for most people.    
    The Administration’s actions also threaten other projects in Exeter, like a landfill solar array that is currently under construction, improvements to critical stormwater infrastructure, and funding for a multigenerational community center.    
    There are a dozen other small towns in my state–from Gorham in the northern part of New Hampshire to Keene in the west over the Connecticut River Valley along Vermont—who have made improvements to their parks and community spaces through the land and water conservation fund. These towns have matched federal funding dollar for dollar to improve quality of life in their communities, and as of today, because of the uncertainty and the way this order is being interpreted, taxpayers are left holding the bag.    
    In the area of childcare and nutrition, the chaos and confusion from the White House over the past 2 days have created significant uncertainty for early education programs, and it risks further fueling the childcare crisis.    
    Again, like housing, we have a childcare crisis in New Hampshire. The cost of childcare for the average family, if they have a toddler and an infant, is over $30,000 a year.  
    Now, fortunately, the timing of this uncertainty has not disrupted services in New Hampshire so far, but I am hearing stories of programs in other states that had to temporarily stop serving families because they were not able to access the funds they needed.    
    It is unclear what the impacts of these shifting policies will be on child care and development block grants, which working families rely on to be able to afford care for their children while parents are at work.    
    My office has heard from the Childcare Network Collaborative in New Hampshire with significant concerns that childcare providers may be prevented from accessing community development block grant funding that they have already been awarded. These funds are intended for the purchase of a building that will prevent huge rent increases for childcare providers and help fuel an expansion of childcare in the rural parts of northern New Hampshire.    
    Childcare programs are also concerned about the potential impacts on other federal programs that the families they serve rely on. For example, while the Administration eventually said yesterday that SNAP payments wouldn’t be affected, programs are finding it hard to reassure families about whether they will actually get their monthly payments on time given the disruptions that we have already seen to programs that were not supposed to be affected according to the Administration’s own words. So more chaos and uncertainty.      
    That is why so many of my constituents are telling me they simply do not trust what they are hearing from the White House.      
    Families relying on programs like SNAP for food and WIC for women, infants, and children to keep from going hungry already struggle to make their benefits last until the beginning of the next month. Any payment delays, even if it is just a few days, will cause needless suffering for hungry children. It is cruel to be putting struggling families through this unnecessary anxiety.   When it comes to law and order, the president often speaks about his commitment to law and order. In 2020, he criticized democrats who supposedly wanted to “defund” and “abolish” the police. Yet here we are with the president stopping federal funds from going to police and law enforcement agencies. Make no mistake, this stoppage could place lives and livelihoods in jeopardy.      
    I heard from Strafford County Sheriff Kathyrn Mone about how the cutoff of funds will affect them. I live in Strafford County, so I know the sheriff there very well. Strafford County was awarded a $715,000 COPS technology grant to buy much needed modern and interoperable portable and mobile radios for first responders. The U.S. Department of Justice notified the county on Monday that they are going to withhold these funds, forcing the county to place a hold on the order of new, updated radios.   Now, this may not sound like a big deal to some, but this equipment helps Strafford County first responders protect Granite Staters. If first responders can’t communicate effectively, by definition, they can’t respond to emergencies and crimes.      
    When I was governor, we had a horrible shooting in northern New Hampshire. Two state troopers, a judge, and a newspaper editor were killed. As they were trying to get the perpetrator, our state police couldn’t talk to local police, they couldn’t talk to the Vermont law enforcement, they couldn’t talk to the Canadians, and they couldn’t talk to Maine–all of whom were involved in trying to catch the perpetrator–because they didn’t have the communication, the radios they needed to keep people safe.      
    In the same vein, the town of Newington on the Seacoast was awarded $80,000 to replace 20-year-old radios and technology that can’t communicate with modern equipment. The town was on the verge of submitting its invoices to be reimbursed for buying this crucial public safety equipment when the trump administration stopped the flow of federal funds.      
    If they are in an emergency, like a natural disaster or a mass shooter, Newington’s police and fire departments would not be able to communicate on their current radio equipment to coordinate an effective response with federal, state, and local partners. This lack of coordination among first responders could result in Newington’s police or fire department not arriving in time to fight a fire or to rescue people in need of help. The lack of modern radio communications could result in people not getting medical care quickly enough.      
    Again, this is much needed equipment that allows officers to communicate quickly and effectively to not only protect the people they serve but to protect each other.      
    Thanks to President Trump, Newington is being forced to pause its upgrade of 20-year-old equipment.      
    It should also be noted that the White House payment freeze means that the businesses who sold Newington the radios and associated equipment are not going to get paid in a timely fashion.      
    So let’s call it what it is: stopping funds to law enforcement and first responders puts lives and businesses in jeopardy.      
    It also affects defense contractors. New Hampshire has a strong defense industrial base. We have a lot of companies that do great work to protect our men and women who are serving. The federal funding freeze is hitting those small businesses and manufacturers that rely on defense contracts to pay their workforce, which is critical to maintaining our national security.      
    For example, the New Hampshire APEX accelerators program relies on grants from the Department of Defense to help small businesses navigate federal contracting. In New Hampshire, government contracts and subcontracts totaled $4 billion last year.  
    Now, that is not just some number that helps fuel our economy. For people from big states, maybe that doesn’t sound like a lot of money in your economy, but in New Hampshire’s economy, that is a lot of money, and it is an investment in our national defense. It is a manufacturing worker’s ability to support their family. So let’s not lose sight of what and who we are talking about here.      
    The freeze blocks funding under the Defense Production Act, which expands the defense industrial base under national security emergencies. Right now, we have a lot of businesses in New Hampshire that are receiving funding under the defense production act to support their operations. These grants strengthen military readiness and capacity.      
    In the area of health, this pause will also cause real harm to healthcare providers and patients across our state. Everyone from our largest hospitals down to individual patients is reaching out to my office. They are confused, and they are scared.      
    The most immediate consequences will be felt by safety net providers like community health centers. They are vital to caring for our most vulnerable populations. Their patients are often uninsured for healthcare. Sometimes they are homeless. Some of them suffer from substance use disorders or mental illness. They rely on their community health centers just to get through the day.      
    As much as 50 percent of community health center funding comes from federal grants, and their operating margins are slim.      
    Lamprey Health Care in Newmarket, in the southern part of New Hampshire, tried and failed to draw down federal funds yesterday. They have another scheduled drawdown for early next week. This means that Lamprey has a limited number of days before the Trump Administration’s order limits the services they can provide to the community.      
    Amoskeag Health–another one of our community health centers–provides services in Manchester, our largest city. It would also suffer from a funding pause. Thirty-five percent of their funding comes from federal grants, and they only have 19 days of cash on hand, which would cover just 1 week of payroll. They are scheduled to get funding on Monday, and that is now in the lurch.      
    Federal funding to train the healthcare workforce is also being threatened. New Hampshire struggles to retain and recruit healthcare providers, and federal funding is critical to ensuring we have enough providers in rural and underserved areas. 
    Last week, Elliot Hospital–one of the largest hospitals in the largest city, in Manchester–received notice that $3 million in funding for its nursing expansion grant program was put on hold. There are currently 80 potential students enrolled in this program. The program is designed to address the acute nursing workforce shortage by attracting local applicants in the greater Manchester community. The funding freeze now puts that effort in jeopardy.   And Coos County Family Health, the northernmost county in New Hampshire, up along the Canadian border, is another community health center where access to healthcare can be extremely limited. Patients frequently have to drive hours to get access to some of the most basic services.      
    Coos County Family Health received a planning grant through the Health Resources and Services Administration, HRSA, to establish a rural medical residency program. Just this week, they received their accreditation, which is so exciting. They were so excited. And now the process begins to recruit and retain future doctors. The sole purpose of this program is to train health providers in Coos County, an area that struggles to attract talent. When we train these doctors in rural areas, they are more likely to stay after residency and become core members of the community. Any other week, this would be great news: more doctors to treat patients in need. But, today, their future funding through HRSA is at risk, thanks to the uncertainty created by these executive orders.      
    Training doctors to treat sick or injured patients shouldn’t be a controversial issue, but according to this administration, it is.    
    Coos County Family Health also uses federal funding to support the victims of domestic violence that come into their practice. Specialized staff offer the victims counseling and support services–things like access to shelter. The staff connects victims with law enforcement and even offers prevention programs in local schools. Without federal funding, they will be forced to lay off these staff members.      
    I don’t know, does the Administration think that domestic violence survivors are unworthy of our support? Does this administration believe that causing chaos is more important than protecting our most vulnerable? Maybe this is what President Trump meant when he said he   wanted disrupters. I don’t believe this is what the public wanted.      
    Mental health programs are also at risk. New Hampshire’s suicide rate is higher than the national average, and we need every available resource to help address this issue.      
    Northern Human Services and the National Alliance on Mental Illness use funding from the Garrett Lee Smith Suicide Prevention Grant to provide afterschool support to youth experiencing suicidal ideation or those who have recently attempted suicide. We are literally talking about taking away services from children who are thinking about committing suicide. I heard from the folks at NAMI, the New Hampshire Alliance on Mental Illness. They almost in tears when they talked about what was going to happen if they couldn’t serve these kids who need help.      
    And there is also navigating recovery, offering around-the-clock substance use disorder services in the city of Laconia. They are a small nonprofit, and they make use of every dollar they get by offering 24/7 support for individuals that have just overdosed, and that includes literally going into the hospital to be with the patient as they recover. They offer wrap-around services like connecting individuals to housing, job opportunities, and childcare so they can find stability as they go through recovery.      
    53 percent of Navigating recovery’s funding comes from federal sources, including the State Opioid Response Grant Program. I have worked for years to get dollars to the state under that SOR program, including last year when New Hampshire was awarded nearly $30 million.      
    And I have to say, in the first term of the Trump Administration, President Trump was very supportive of these dollars. We worked with his administration to get additional funding to address the fact that New Hampshire was one of the hardest hit states. So I don’t know why, suddenly, they are willing to put that funding at risk by this freeze, because it has done more to prevent fatal overdoses and support recovery services than any other federal program. Navigating recovery uses those dollars on the ground. Without it, they would only have weeks before they start laying off staff and stop offering services.      
    Despite what this administration claims, it is the individuals who will pay the price of this uncertainty and chaos. This spending freeze is yet another example of the Administration ignoring how their policies affect individuals’ peace of mind, the livelihoods and the health of Americans at risk.      
    And then we are seeing broader attacks by the Office of Management and Budget on federal employees. The Trump Administration didn’t stop at ripping funding away from vulnerable Americans this week. While much of the public’s focus has been held by that order, they have continued their relentless attack on federal employees.      
    Over 2 million civil servants working in thousands of essential fields–from healthcare to law enforcement to national security–who keep our country running, are under attack. And listen, I think we need to be more efficient and more effective, and we may have people who are not doing their jobs the way we want them to, but what this order has done is created confusion over the spending freeze–the hiring freeze instituted by the President’s executive order.      
    The Administration claims this is temporary, but thousands of Americans who had job offers on the table saw those offers revoked–even those who were ready to fill some of our most urgent vacancies, like at the VA. Even though the Department of Veterans Affairs said it would not apply this hiring freeze to many VA positions dedicated to providing veterans’ healthcare and benefits, many crucial programs that veterans depend on will not be able to hire staff to serve our veterans.      
    For example, the VA will not be hiring caseworkers who help veterans get into permanent housing and related support. They won’t be able to hire the personnel that literally keep the lights on and buildings running, such as fire protection, housekeeping, plumbing, boiler plant operation, laundry services, and other essential roles.      
    And we should remember that, year after year, the VA has had challenges in addressing these critical gaps. Last year, the VA reported almost 3,000 severe occupational staffing shortages. But that didn’t stop this administration from pulling every pending job offer the day they took office. And while some have been reinstated, others are still in limbo. In just one example, VA employees at a facility focused on research and care for veterans with late-stage cancer were told their jobs were under review and they may be terminated altogether.   Now, I know everybody in this chamber believes that we have made a commitment to those who have served this country in uniform, and we don’t want to fail our veterans when they return home and enter civilian life. So how does this firing of people who take care of them help us fulfill that commitment?      
    And then, if we want to talk about jobs that keep Americans safe, let’s talk about keeping planes from falling out of the sky or colliding on runways. I worked closely with the National Air Traffic Control Union and the FAA’s collaborative resource working group to adopt a new staffing model in last year’s FAA reauthorization bill.      
    We have a significant number of air traffic controllers in New Hampshire. They do a great job of keeping people in the flying public safe as they enter North America, all the way down to New York, in some of the most congested airspaces in the country. Now, the FAA made good progress in hiring last year as a result. They are still more than 3,500 controllers, however, short of their staffing target, and the controllers we do have work 6-day weeks, 10-hour days on a good week. They are exhausted; they are overworked; and they face severe mental health challenges as a result.      
    The FAA estimated that 10 percent of the federal air traffic controller workforce would depart last year as a result of these conditions. And despite this, these air traffic controllers still haven’t been told conclusively whether or not air traffic controllers are exempt from the hiring freeze.      
    Now, if preventing us from filling shortages and taking care of some of our most vulnerable wasn’t enough, OMB is actively trying to get rid of the civil servants we do have. This week, millions of federal employees received emails offering to pay their salaries for the rest of the fiscal year in exchange for resigning now–and that included every single air traffic controller in the country.      
    Now, you might be asking yourselves why, when we are short more than 3,500 air traffic controllers, did we offer to pay the ones we have not to work? Well, like the hiring freeze, this order is an irresponsible, reckless, nontargeted effort that could have devastating consequences for critical positions.      
    What’s more, they are trying to convince us that this will save money, making it clear that even if we lose thousands of employees with no plans to replace them, we will be better off.      
    Well, that is bad news for tourism in New Hampshire, for those who work closely with U.S. Forest service personnel and depend on sound management of the White Mountain National Forest, and it is bad news for people who value clean air and clean water.      
    This message was also sent to more than 780,000 civilian employees who work for the department of defense. In New Hampshire, we have almost 8,000 civilians who work at the Portsmouth Naval Shipyard that we share with the state of Maine. There are four public shipyards in the United States. Our employees in Portsmouth have the best on-time, on-budget record of any of the public shipyards. These employees contribute to the maintenance of our nuclear submarines, an essential tenet of our national security and a crucial capability to deter major conflict. Any impact to their workforce will strain a shipbuilding industrial base that is already saturated with demand to meet the requirements of our navy.  
    The bottom line: if the shipyard can’t get boats to the fleet on time, our nation is less safe.      
    The freeze on federal assistance also affects critical programs that support men and women in uniform, including DOD’s financial assistance and grant programs that support servicemembers and their families.  
    This administration has said repeatedly that it wants to “restore the warrior ethos” at the Pentagon. I don’t know about you, but slashing our defense workforce doesn’t help me sleep any better at night. I don’t think that restores the warrior ethos.      
    So in conclusion–I see my other colleagues here, and I know they are waiting to speak–the actions this week have only created confusion, chaos, and stress. That is the best-case scenario, if it ends right now. But if not, if the Trump Administration and Elon Musk get their way and cut these programs, working Americans will be the ones to suffer the most.      
    The need for housing, sewers, and childcare doesn’t go away when this administration says they don’t want to pay the bills. These costs just get pushed down to towns and end up coming out of people’s paychecks. It ends up being paid on the backs of our local taxpayers.      
    Now, again, the Administration tried to walk this back by rescinding Monday’s memo, but then they added confusion by claiming that the underlying funding freeze was still in place. And they are unable to answer basic questions about who and what will be affected.      
    Maybe it is just me and the hundreds of Granite Staters whom I have heard from, but if you are going to stop all the critical funding that helps seniors, children, and families across this country, you need a better answer than we’re hearing from this White House.      
    Instead, what we heard during the white house briefing–when asked one of these basic questions, Americans were told: we’ll check on that and get back to you.      
    So to Granite Staters who have called my office in distress, wondering what this far-reaching, unprecedented move means for their lives and their livelihoods: don’t worry. The White House is going to get back to you.      
    That’s outrageous–and this, despite not one but two federal judges who have ordered the White House to stop holding these funds. The Administration has made it clear that they intend to move forward with vague, irresponsible executive orders that jeopardize billions in infrastructure, energy, healthcare, workforce, and educational investments.      
    Hard-working families, businesses, and nonprofits have been calling my office asking for clarity, and this administration hasn’t been willing to provide any.      
    Common sense calls for all of us to work on a bipartisan basis to help our constituents to put an end to the chaos and uncertainty that has been created by this administration in only its second week. 
    I hope we can do that.      
    Mr. President, I yield the floor. 
    On Monday, the Trump administration’s Office of Management and Budget (OMB) announced a sweeping executive order pausing almost all forms of federal assistance to states, nonprofits, non-governmental organizations and more. Senator Shaheen immediately condemned the move and emphasized the impact it will have on communities. The full list that agencies were directed to review encompasses over 2,600 assistance programs, including Supplemental Nutrition Assistance (SNAP), Women, Infants and Children (WIC), community health centers, the Community Development Block Grant (CDBG), transportation and highway funding, energy assistance programs, water infrastructure funding, State Opioid Targeted Response grants, GI Bill, veteran compensation for service connected disabilities, Section 8 vouchers, school breakfast and lunch, Title I education grants, Temporary Assistance for Needy Families (TANF) and Head Start. 

    MIL OSI USA News

  • MIL-OSI: CalAmp Launches Okta Single Sign-On Integration to Strengthen Security and Streamline User Access Across Applications 

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) — CalAmp, a leading provider of telematics and connected intelligence solutions, is pleased to announce the integration of Okta Single Sign-On (SSO) across its iOn™ Fleet and Device Management applications. This feature provides customers with a secure, efficient way to manage user access through a single login, enhancing security and simplifying IT management for organizations using Okta as their Identity and Access Management provider. 

    Through Okta SSO, CalAmp delivers: 

    • Simplified, Secure Access: Users can log in once to access all CalAmp applications and their other company apps, reducing password fatigue while enhancing security with a single, trusted login. 
    • Enhanced Security with MFA: Multi-Factor Authentication via Okta adds an extra layer of protection against unauthorized access. 
    • Centralized IT Management: IT teams can manage and revoke user access from a single platform, improving operational efficiency and control. 
    • Customizable Security Settings: Organizations can tailor security policies, enabling either strict or flexible SSO enforcement to meet their specific needs. 
    • Role-Based Access Control (RBAC): Manage user permissions across iOn™ and Device Management with inherited role-based access, ensuring appropriate access to tools and data. 

    “Our priority is always to deliver meaningful improvements that enhance both security and user experience,” said Paul Washicko, Senior Vice President of Product Management at CalAmp. “Partnering with Okta, the most recognized industry leader in identity management, enables us to provide our customers with stronger security and more efficient access management across CalAmp applications.” 

    Customers interested in enabling Okta SSO for their CalAmp applications can contact the CalAmp support team for setup assistance. 

    About CalAmp

    CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit calamp.com, or LinkedInTwitterYouTube or CalAmp Blog.

    CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

    CalAmp Investor 
    Contact:
    CalAmp Media Contact:
    Jikun Kim Mark Gaydos
    SVP & CFO Chief Marketing Officer
    ir@calamp.com Mgaydos@calamp.com

    The MIL Network

  • MIL-OSI Canada: Drivers advised to plan for winter conditions, snow on South Coast

    Drivers in the Lower Mainland, Howe Sound and Vancouver Island areas are urged to avoid travel where possible as significant snow and sub-zero temperatures are forecast to hit the South Coast this weekend.

    A special weather statement has been issued for the South Coast by Environment Canada and Climate Change Canada. Snow accumulation is expected, initially in higher elevations of the Lower Mainland and Vancouver Island, starting the evening of Thursday, Jan. 30, 2025, and into Friday, Jan. 31, 2025. The cold-weather system will persist, with snow and freezing rain forecast at sea level across the South Coast over the weekend and early into next week. There is a potential for significant snowfall, upward of 5-20 cm, with a chance of high-intensity accumulation on roads at times. 

    Drivers are urged to use caution and only drive if their vehicles are winter-ready. Winter tires are required to travel through all high-elevation areas, such as the Sea to Sky and Malahat. People who choose to travel should prepare for delays and ensure their vehicles are properly equipped with extra supplies, including food, water and blankets.

    Conditions are being closely monitored on all Lower Mainland highways. The Province’s road and bridge maintenance contractors are prepped, and anti-icing brine is being proactively applied. High-occupancy vehicle lanes on the Port Mann Bridge will be closed to support winter operations as crews use the cable collar systems to keep traffic safely moving. Lane closures at the Alex Fraser Bridge can also be expected to support winter operations as crews actively manage cable-collar systems. 

    On Vancouver Island, maintenance crews are proactively applying anti-icing brine and are closely monitoring conditions. The ministry will be working closely with its contractors to ensure plows and tow trucks are deployed quickly during snowy conditions.

    People who choose to travel are reminded to leave space for highway-maintenance crews and move over safely when they see a vehicle with an amber light approaching. Drivers whose vehicles are not winter-ready must consider alternative modes of travel as significant snowfall is expected.

    For up-to-date information about road conditions, travellers should continue to monitor the forecast and visit: https://www.drivebc.ca/

    MIL OSI Canada News