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Category: Commerce

  • MIL-OSI USA: SBA Relief Still Available to Ohio Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Ohio of the July 7 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought occurring on Sept. 10, 2024.

    The disaster declaration covers the Ohio counties of Erie, Hancock, Henry, Lucas, Ottawa, Putnam, Sandusky, Seneca and Wood.

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

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

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

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

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

    The deadline to return economic injury applications is July 7, 2025.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI USA: Local 374 wins top NACBE safety award

    Source: US International Brotherhood of Boilermakers

    It is a testament to our members and contractors who worked the hours and made safety a priority.

    Brad Sievers, L-374 Business Manager/Secretary-Treasurer

    Great Lakes Area Local 374 (Hobart, Indiana) earned the John F. Erickson NACBE Safety Award, announced March 31, during the 2025 Construction Sector Operations Conference in Miami, Florida. 

    Each year, the National Association of Construction Boilermaker Employers recognizes local lodges for their members’ dedication to making and keeping workplaces safe. NACBE names one nationwide winner and one winner from each of the remaining U.S. sections. The awards are determined by the lowest injury rates followed by the highest percentage of Boilermaker man-hours worked for NACBE contractors participating in the NACBE safety index.

    Top sectional winners were Western States, L-549 (Pittsburg, California); Northeast, L-154 (Pittsburgh) and Southeast L-433 (Tampa, Florida). 

    “It is a testament to our members and contractors who worked the hours and made safety a priority,” said L-374 Business Manager/Secretary-Treasurer Brad Sievers.  “We are thankful and proud of our Local 374 brothers and sisters, as well as all the brothers and sisters who traveled to help man our work.”

    NACBE Executive Director Ron Traxler talked about how the NACBE safety program has evolved over time.

    “We learned we couldn’t just talk about safety without our partners. The Boilermakers recognized it takes everyone to make a safe worksite,” he said.  “In 1992, the first regional safety awards were presented to the local with the best safety record. This has promoted the safety culture by cultivating healthy competition among the locals.”

    Traxler also presented the 2024 safety index with 27 contractors reporting on 37.63% of all Boilermaker work from NACBE contractors. Lost-time injury rates were down from .40 in 2023 to .25 for 2024. Compensable injuries were up from 3.22 in 2023 to 3.58 for 2024. The OSHA recordable injury rates were up again for the fifth year in a row from 2023’s .92 to 1.40 in 2024, but OSHA recordable eye injuries were down from seven in 2023 to five in 2024. Compensable eye injuries ticked down from 31 in 2023 to 27 in 2024.   

    Learn more about NACBE’s history  

    MIL OSI USA News –

  • MIL-OSI: TopLine Financial Credit Union Receives Twin Cities Best of Business 2025 Reader’s Choice Award

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., June 10, 2025 (GLOBE NEWSWIRE) — TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, has been named the Best Credit Union in Minnesota by Twin Cities Business 2025 Best of Business Reader’s Choice Poll.

    Twin Cities Business conducts an annual survey of their readers asking “Which companies exemplify true excellence in their respective industries and would they confidently refer to a family member, friend or colleague?” and published results in its June/July issue and online.

    The communities the credit union services have recognized TopLine as one of the most appreciated and trustworthy financial institutions in Minnesota. Several qualities that make TopLine stand out include the credit union’s dedication to our mission of “Connected, We All Do Better” by providing affordable and competitive financial services, commitment of our employees to help consumers achieve their financial goals, positively making a local and global impact through community outreach activities via their TopLine Credit Union Foundation, and helping consumers with homeownership and investments.

    “We are honored to receive the distinction in the Financial Services Credit Unions category of the Twin Cities Business ‘Best of Business’ poll,” said Mick Olson, President and CEO of TopLine Financial Credit Union. “This recognition reflects the unwavering commitment, care, and compassion of our TopLine family of employees in supporting our members and communities and helping them achieve their financial dreams. We extend heartfelt gratitude to our members and communities for their trust and support, and congratulate all the esteemed organizations recognized this year.”

    Twin Cities Business is Minnesota’s leading provider of business news, insight, and analysis through daily online new stories, e-newsletters, a monthly print magazine and live events. Along with their readers, they get to know the personalities of our region’s most influential leaders, exploring the “how” behind their success, strategies, and solutions. They discuss today’s most pressing issues, examine trends and outlooks, and provide the context, perspective, and information leaders have come to depend on.

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at www.TopLinecu.com. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit www.TopLinecu.com/Foundation.

    CONTACT:
    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d09893b7-9a2a-44cc-805d-7f79b959eeb3

    The MIL Network –

  • MIL-OSI: LECTRA: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at May 31st, 2025)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at May 31st, 2025)

    This declaration is established in accordance with Article L.233-8 II of the French Code de Commerce and of Article 223-11 of the Règlement Général of the Autorité des marchés financiers (AMF).

    Date:

    May 31st, 2025

    Total number of shares composing the capital:

    38,034,850

    Total number of voting rights, gross (1):

    38,034,850

    Total number of voting rights, net (2):

    37,997,708

    (1) In accordance with the second paragraph of article 223-11 of the Règlement Général of the AMF, the gross total of voting rights is based on the total number of shares composing the company’s capital which have voting rights, including shares deprived of their voting rights

    (2) The net total of voting rights is equal to the gross total, minus the number of shares deprived of their voting rights (treasury shares)

    Other than the legal notification requirements for crossing the thresholds established by French law, there is no special statutory obligation.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Part of West Hoe Pier closed off

    Source: City of Plymouth

    An arm of West Hoe pier is being fenced off as a safety measure ahead of repair work which is expected to start this summer.

    Heras fencing is being erected at the shore end of the pier this week and signs put up to stop people from using the pier which has become unstable. It will remain out of bounds until the work has been completed.

    This north east leg is used mainly by anglers and people simply enjoying the scene, but the pier on the other side of this tiny harbour – where Rusty Reg or Look II stands – will still be accessible.

    The pier is a Grade II listed structure and was built in the 1880s. It has been subject to various repairs over the years, but its location means that it is subject to continuous wave action.

    The Council has been monitoring its condition for some time and commissioned a survey to review next steps.

    It has now received recommendations for the work, which will involve replacing various granite steps and blocks that have fallen away, refilling voids that have been created by the sea, repointing as well as replacing timber strakes.

    We are currently finalising the detail and programme of the work with a specialist marine engineering company.

    The pier in question is NOT the one which is home to Rusty Reg or Look II as it is formally known. Work was carried out in 2020 ahead of the installation of the figure.

    We have also taken the precaution of fencing off the statue of Lady Nancy Astor on the Hoe following reports of instability from a concerned member of the public.

    Further site investigations have confirmed that some adjustments need to be made.

    As a courtesy, we have contacted the sculptor and the fundraiser to agree any necessary changes and once these have been agreed, will make the necessary adjustments to the statue.

    The statue was unveiled in November 2019 by the former Prime Minister Theresa May following a successful crowdfunding campaign, organised by Plymouth Women in Business Networking. It was installed by a third-party contractor.

    Nancy Astor was the first female to take a seat in the House of Commons and served as an MP for the city of Plymouth for 26 years.

    The statue is currently not accessible due to the Summer Sessions security measures.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Supporting 2SLGBTQI+ communities for a safer, more equitable and inclusive Canada

    Source: Government of Canada News (2)

    June 10, 2025 – Ottawa, Ontario — Women and Gender Equality Canada

    Pride Season is a time to raise our voices—and our flags—to celebrate the strength, resilience, and contributions of Two-Spirit, lesbian, gay, bisexual, transgender, queer, intersex, and other sexual and gender diverse (2SLGBTQI+) communities. It is also a time to recommit to building a country where everyone can live in safety and dignity.

    Today, as the Intersex-Inclusive Pride Flag was raised on Parliament Hill, the Honourable Rechie Valdez, Minister for Women and Gender Equality and Secretary of State (Small Business and Tourism), announced $1.5 million to support the security needs of Pride festivals across Canada.

    This funding—administered by Fierté Canada Pride through Canada’s Action Plan on Combatting Hate—will help cover the rising cost of safety and insurance planning, so organizers can continue building welcoming and inclusive spaces for all.

    As we begin Pride Season, the Government of Canada remains committed to working with 2SLGBTQI+ communities to build a future where no one is left behind.

    MIL OSI Canada News –

  • MIL-OSI: Huntress Redefines Security Awareness Training With Hands-On Tradecraft Simulations That Put Users in Attackers’ Shoes

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., June 10, 2025 (GLOBE NEWSWIRE) — Old-school security awareness training (SAT) programs aren’t cutting it against today’s hackers thanks to boring content and one-size-fits-all delivery methods. That’s why Huntress has launched Threat Simulator, a new feature for Huntress Managed SAT that gives users hands-on training with real-world hacker tradecraft.

    Paired with engaging, expert-backed episodes, Threat Simulator turns passive learning into active skill-building through quick, game-like simulations. Perfect for experiential learners, these simulations put users in hackers’ shoes, challenging them to carry out simulated attacks to understand the mindsets, methods, and motives of cybercriminals. This unique approach shows just how easily anyone can become a target and how little effort it takes for attackers to succeed, equipping users with lasting awareness of modern threats and teaching them to think like hackers so they can become better defenders.

    In 2024, 60% of data breaches had one thing in common: the human element. Whether it’s falling victim to phishing attempts and business email compromise scams or inadvertently installing malware, human error remains a leading cause of breaches. While old-school SAT programs were created to address this, they fall short in reducing human risk. Many are overly simplistic and riddled with clichés, while others are too complex for non-technical learners to grasp. Adding to this, many training programs rely solely on video-based content and are developed by generalists without in-depth knowledge of hacker tradecraft. This results in training that isn’t actionable, relatable, or memorable, and leaves employees unprepared to spot and respond to the threats they’re most likely to face. To tackle the human risk factor, SAT must be practical, engaging, and tailored to modern threats. This requires a layered approach to learning strategies, including immersive learning simulations for experiential learners.

    “Traditional security awareness training often fails to prepare users,” said Dima Kumets, Principal Product Manager at Huntress. “With Threat Simulator, we’re changing that. We’ve designed it in collaboration with our security researchers to push beyond basic phishing simulations and immerse users in real-world, hands-on scenarios that emulate hacker tradecraft. By teaching users to adopt the perspective of an attacker, we empower them to recognize and report hacker tradecraft while protecting themselves from becoming victims. This not only sharpens individual cybersecurity awareness but also helps organizations build a more proactive and resilient security culture.”

    Key Benefits of Threat Simulator:
    Available via Early Access since April, Threat Simulator is already shaking up traditional SAT. While users aren’t required to replay the 5-minute simulation, they frequently choose to do multiple sessions, spending an average of 7.5 to 12 minutes total practicing and refining their skills. Additionally, a survey of 2,000 Early Access users revealed that 90% gained new knowledge about security threats. These early results prove Threat Simulator’s ability to bust the “check-the-box” stigma of traditional SAT with willing participation and meaningful learning.

    Users say Threat Simulator is “fun”, “engaging”, and “informative” as it helps learners confidently tackle today’s most prevalent cybersecurity threats. Zvonimir Petric, Director of Managed Services at Campfire Technology Inc., shared, “Threat Simulator is engaging, focused, and actually fun. I suspect the users who engage in this will outperform their peers.” Here’s how it achieves this:

    • Training that goes beyond phishing simulations. Traditional SAT often stops at phishing simulations, leaving users unprepared for the full range of threats they face. Threat Simulator changes this by covering a broad range of hacker tradecraft, from open-source intelligence (OSINT) to spear phishing. It delivers training that mirrors real-world threats, building the adaptability needed to respond to attacks in any environment.
    • An interactive and immersive learning experience. Threat Simulator breaks free from traditional, passive learning methods with dynamic, hands-on experiences. The interactive, game-like simulations support kinesthetic learners and offer realistic scenarios that require critical thinking and active participation. These immersive exercises grab attention and boost retention to foster critical thinking, problem-solving skills, and a deeper understanding of threats.
    • Teaches users to identify hacker tradecraft. Creates lasting behavior changes by turning users into active participants in their organization’s cybersecurity. Through the simulations, learners internalize the realities of how hackers operate and how easily they can become targets. This deeper understanding naturally encourages users to be proactive and vigilant, making for smarter, more secure decisions.
    • Real-world scenarios guided by expert insight. All simulations are designed in partnership with the Huntress security team, informed by the real-world hacker tradecraft they see across millions of endpoints and identities. These scenarios are grounded in the most pressing and current threats facing organizations, ensuring learners are always training against the same techniques attackers are actively using.

    “Threat Simulator is a gamechanger. The OSINT training gave my staff and our employees a clear understanding of how hackers can gather seemingly innocent information off the web to create a profile for Social Engineering Attacks,” said Eric Nush Director of Technology, CETL, Homer School District 33Ct. “It made us think twice about the types of information we make publicly available on our website. This not only increased our awareness of the possible risks we have, but also inspired us to take several actions—like starting discussions about new procedures for limiting public website content or encouraging data-sensitive positions (HR, Payroll, Business, etc) to double-check their social media for information that can be leveraged by hackers.”

    Additional resources:

    About Huntress
    Huntress is the enterprise-grade, people-powered cybersecurity solution for all businesses, not just the 1%. With fully owned technology developed by and for its industry-defining team of security analysts, engineers, and researchers, Huntress elevates underresourced tech teams whether they work within outsourced IT environments or in-house IT and security teams.

    The 24/7 industry-leading Huntress Security Operations Center (SOC) covers cyber threats for outsourced IT and in-house teams through remediation with a false-positive rate of less than 1%. With a mission to break down barriers to enterprise-level security and always give back more than it takes, Huntress is often the first to respond to major hacks and threats while protecting its partners and shares tradecraft analysis and threat advisories with the community as they happen.

    As long as hackers keep hacking, Huntress keeps hunting. Join the hunt at www.huntress.com and follow us on X, Instagram, Facebook, and LinkedIn.

    Huntress Contact:
    Aaron Deal
    press@huntresslabs.com

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46f67bae-02af-4874-baad-0056961c44f9

    The MIL Network –

  • MIL-OSI: Emergency Loans Online for Low Credit & Bad Credit Borrowers – A New Initiative by Wizzay

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 10, 2025 (GLOBE NEWSWIRE) — In times of unexpected economic turmoil, individuals will tend to look for emergency loans as a potential means of respite. Emergency loans are typically designed to provide speedy access to funds for urgent expenditures such as medical bills, emergency work, or unavoidable travel. With the surge of online lending sites, the term “emergency loans online guaranteed approval” has gained much more visibility.

    Wizzay Loan is an online platform in the nature of a loan referral network that brings together borrowers and lenders who might provide financial support regardless of credit issues. Wizzay Loan does not lend funds directly but provides access to a pool of third-party lenders.

     <<>>

    Wizzay Loan – Now Offering Emergency Loans Online With Guaranteed Approval

    Emergency loans are temporary borrowing options that are meant to help pay for surprise or immediate expenses like medical charges, car repairs, or utility bills. When made available online, they offer a guarantee of convenience and speed when applying and being approved.

    The word “guaranteed approval” is often placed in advertisements but needs to be interpreted cautiously. Practically, no serious lender can guarantee approval without reviewing important eligibility factors like income, identification, and credit worthiness. Rather, sites that employ this terminology often tend to offer loan matching services or platforms in which approval chances are more feasible because there are various lenders available.

    Emergency loans online generally range from moderate to small sizes with short loan terms. Interest rates and charges are quite diverse, based on lender type and borrower credit profile. Borrowers need to use caution with guaranteed approval promises and ask for full disclosure of loan terms prior to commitment.

    Why Wizzay Loan Stands Out in a Crowded Direct Lender Marketplace

    Wizzay Loan is mostly a loan matching website, allowing clients to get access to a network of lenders that have expertise in personal and emergency loans. It does not directly offer loans like direct lenders but makes connections based on the information of the applicants.

    The site addresses people who might find it challenging to get credit from conventional financial institutions, such as individuals with poor or limited credit scores. Through the use of various lender relationships, Wizzay Loan provides users the potential of loan matches that can accommodate diverse financial circumstances.

    Its prominence in the online lending market stems from the volume of lender partners and the streamlined application process it provides. While it markets itself as offering “guaranteed approval,” this claim refers more to the broad reach of its lender network rather than an unconditional loan guarantee.

     <<>>

    How Wizzay Loan Helps Access Personal Loans Without Delay

    The urgency of emergency expenses requires fast access to funds. Wizzay Loan aims to expedite the loan search and application process by centralizing borrower information and submitting it to multiple lenders simultaneously.

    Key aspects of its approach include:

    • Single Application Process: Borrowers complete one form, reducing repetitive submissions.
    • Network Matching: Information is sent to several lenders within the network to identify potential matches quickly.
    • Speed of Decision: Numerous lenders who participate use automated underwriting, allowing quick decisions, even in minutes.
    • Diverse Loan Options: The platform offers different types of loans, such as payday loans, installment loans, and other short-term credit offerings.

    But applicants should realize that though the platform makes the search easier, actual loan approval periods and funding are subject to the policies of individual lenders and borrower eligibility.

    Finding Instant Payday Loans Online Guaranteed Approval Through Wizzay Loan

    Online payday loans guaranteed approval instantly are often marketed as a quick and convenient financial answer. Payday loans are short-term, usually small-dollar loans that are to be repaid at the borrower’s next payday.

    While a few lenders offer quick approval and same-day funding, the term guaranteed approval needs to be carefully examined. Legitimate lenders need to consider risk factors before approving credit, so not all applicants are approved instantly or without stipulation.

    Criteria that influence immediate approval are:

    • Income and Employment Verification: Income proof is usually necessary.
    • Identity Verification: To avoid fraud and meet regulations.
    • Debt-to-Income Ratio: To assess ability to pay back.
    • Credit History: While there are payday lenders who advance cash to those with poor credit, very negative histories or recent bankruptcies could restrict the possibility of approval.

    Payday Loans Online via Wizzay Loan – Risks, Terms, and Availability

    Payday loans online are easily accessible via lender networks and referral services, such as platforms like Wizzay Loan. The loans are defined by brief repayment terms (typically two to four weeks) and comparatively high interest rates versus conventional loans.

    The following are key things to consider:

    • High Cost of Borrowing: Rates and charges can be extremely high, reaching more than 300% annual percentage rate (APR).
    • Short Repayment Period: Repayment is usually due in one lump sum on the next paycheck of the borrower, which can be stressful on finances.
    • Risk of Debt Cycle: Borrowers who cannot repay soon might roll over or renew loans, causing debt accumulation.
    • Availability: Payday loans are governed differently by state or nation; they are restricted or banned in some jurisdictions, impacting availability.

    Borrowers must consider these factors thoughtfully and use alternative forms of finance whenever possible.

     <<>>

    Getting Quick Cash Loans Through Wizzay Loan’s Lender Network

    Lender networks make it easier to get different quick cash loan products by sending borrower applications to a network of lenders. Networks help to bring approval opportunities, especially for borrowers with less-than-perfect credit.

    Different Types of Loans: Networks could offer payday loans, installment loans, title loans, and personal loans.

    Multiple Lending Criteria: Different lenders have different criteria for approval.

    • Data Sharing: Personal and financial details are shared with several parties, which brings privacy issues to the fore.
    • Potential Multiple Offers: Candidates may be offered several loans to shop around.
    • Fees and Terms: Both very different between lenders, stressing the importance of careful examination.

    Knowledge of these factors may assist borrowers in making well-informed choices regarding which type of loan best meets their requirements.

    Navigating the Credit Check Landscape with Wizzay Loan

    Credit checks are an integral part of most loan determinations. Sites such as Wizzay Loan work around credit checks by providing loan choices along a range of credit profiles.

    Credit check types include:

    1. Soft Credit Checks: Do not impact credit scores and tend to be employed in prequalification processes.
    2. Hard Credit Checks: Conducted by lenders to evaluate risk in a formal manner; will temporarily impact credit scores.

    Wizzay Loan’s network can consist of lenders who would be prepared to deal with borrowers who have:

    • Low credit scores.
    • Poor credit histories.
    • Recent financial problems.

    Applicants need to note that even though there might be some lenders providing “no credit check” loans, these normally come at a higher price or with tighter conditions.

     <<>>

    Wizzay Loan Facilitates Same Day and Instant Approval for Emergency Lending

    Same day or immediate approval conditions describe quick underwriting decisions and quick funding practices. It can be imperative for emergency loans where speed is most important.

    The main influencers of speed are:

    • Automated Underwriting Systems: Technology is used by many lenders to quickly assess applications.
    • Prequalification Processes: Soft inquiries and initial reviews accelerate decisions.
    • Funding Methods: Electronic fund transfers and direct deposit enable quick disbursement.
    • Verification Requirements: Extra documentation requests can slow funding.

    While some borrowers receive approval and funds on the same day, others may experience delays depending on lender procedures and individual circumstances.

    Wizzay Loan Eligibility: Who Qualifies for Emergency Loans with Bad Credit?

    Eligibility for emergency loans with bad credit varies by lender but generally depends on several factors beyond credit scores:

    • Minimum age of 18
    • Proof of income or employment
    • U.S. citizenship or permanent residency
    • Valid bank account

    Subprime borrowers with poor credit need to thoroughly examine lender requirements and the cost of subprime emergency loans.

    The Application Process at Wizzay Loan

    Getting emergency loans from Wizzay Loan consists of a few stages meant to make borrowing easy:

    • Single Online Application Completion: The applicant supplies personal, financial, and employment data.
    • Review of Information: Submitted information is reviewed for completeness by the platform.
    • Submission to Lender Network: The application is submitted to several lending partners.
    • Loan Matches and Offers: Borrowers receive possible loan offers based on qualification.
    • Selection and Finalization: Applicants select a loan offer and fulfill lender-specific requirements, including identity confirmation and agreement signing.

    This streamlined process seeks to simplify application complexity while enhancing access to loan alternatives.

     <<>>

    Wizzay Loan Maintains Transparency and Compliance Standards in Emergency Lending

    Transparency and regulatory compliance are paramount in the emergency lending industry given the susceptibility of the borrowers and predatory behavior potentials.

    Regulatory aspects encompass:

    • Disclosure of Terms: Interest rates, charges, payment terms, and penalties shall be clearly disclosed by lenders.
    • Consumer Protections: Such regulations frequently involve caps on interest rates, amounts to be loaned, and rollover practices.
    • Privacy Policies: Safeguarding personal information according to legal requirements.
    • Licensing Requirements: Lenders and referral services must comply with applicable state or national licensing laws.

    Platforms like Wizzay Loan are subject to these regulatory frameworks, and borrowers are encouraged to review terms carefully and verify lender credentials.

    Wizzay Loan Expands Access to Alternative Lending Options for Bad Credit Borrowers

    Beyond payday and emergency loans, several alternative financing options exist for consumers facing urgent financial needs:

    • Credit Union Loans: Often offer lower rates and more flexible terms.
    • Installment Loans: Longer terms with regular monthly payments.
    • Peer-to-Peer Lending: Individual investors finance loans through online sites.
    • Credit Card Advances: Ready money through credit cards but at exorbitant interest charges.
    • Employer Pay Advances: Paycheck advances are provided by some employers as an employee benefit.

    All alternatives have unique strengths and weaknesses, stressing the need to compare several alternatives before taking a loan.

    Wizzay Loan Helps Borrowers Cover Emergency Expenses Beyond Traditional Credit

    For those who cannot or will not go through traditional credit, alternative strategies can cover emergency costs:

    • Personal Savings: Employing emergency savings targeted for unexpected expenses.
    • Assistance Programs: Government or non-profit organizations can provide grants or assistance.
    • Negotiating Payment Plans: Working with creditors or service providers to make payments in the future.
    • Borrowing from Friends or Family: Unofficial loans without interest, but with personal factors.

    These methods sometimes reduce the necessity of high-cost emergency loans.

     <<>>

    Wizzay Loan’s Referral Network Model Connects Borrowers with Multiple Direct Lenders

    Direct lenders and loan referral networks play different roles in the online lending economy:

    • Direct Lenders: Banks or institutions that give loans and handle the entire loan process.
    • Loan Referral Networks: Sites that gather borrower data and match borrowers with several lenders without directly funding loans.

    Referral networks increase access to loan options but entail sharing information with multiple entities. Direct lenders create a more immediate relationship but could have more stringent eligibility requirements.

    Knowing these distinctions assists borrowers in making effective choices.

    What Makes Wizzay Loan’s Network Unique Among Online Lenders

    Wizzay Loan is unique in providing access to a wide array of lenders for different credit profiles. Its efficient application process and extensive network of lender relationships offer a convenient platform for consumers who need funds immediately.

    Key features are:

    • Single application to several lenders at the same time.
    • Access to lenders who provide subprime and no-credit-check loans.
    • Multiple loan products such as payday and installment loans available.
    • Rapid matching and initial approvals enabled by technology.

    This model differs from single-lender sites by maximizing potential loan matches without the need for numerous individual applications.

     <<>>

    Final Thoughts: When Wizzay Loan Emergency Loans Are Your Best Option

    Emergency loans online with guaranteed approval promises may provide relief for unexpected financial needs, particularly among borrowers with credit issues. Nonetheless, borrowers should proceed with such loans with extreme caution considering terms, charges, and options.

    It is important to understand the terms of loan referral websites such as Wizzay Loan, realities of approval procedures, and consequences of borrowing. Responsible borrowing with knowledge about consumer safeguards and other available choices can assist individuals in managing emergency financial crises in a better way.

    The above press release has tried to provide a balanced overview to help readers make knowledgeable choices regarding emergency loans and other allied financial products.

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    The MIL Network –

  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Turkmenistan

    Source: IMF – News in Russian

    June 10, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Growth slowed in 2024 due to weak hydrocarbon exports. The main economic challenge is to translate hydrocarbon wealth into more diversified, sustainable, and inclusive growth.
    • A more market-based strategy, reforms to the monetary and exchange rate frameworks, increased public spending efficiency, and enhanced governance and transparency would support the transition to a more diversified and robust economy.
    • Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.

    Washington, DC: An International Monetary Fund (IMF) mission led by Ms. Anna Bordon visited Ashgabat during May 21-June 3, 2025. The purpose of the visit was to review the country’s economic landscape, including its financial developments, economic outlook, risks, and policies aimed at promoting diverse, inclusive, and sustainable growth. The mission met with senior government officials, representatives of the private and financial sectors, and the diplomatic community. At the end of the visit, Ms. Bordon issued the following statement: 

    “Economic activity moderated in 2024, and inflation softened in recent months. IMF staff estimate that growth slowed to 3.0 percent in 2024 from 4.5 percent in 2023, owing to weak hydrocarbon exports. Inflation decelerated from 3.8 percent at end 2024 to 1.1 percent in March 2025 owing to a sharp slowdown in food inflation combined with deflation in non-food items and low inflation in services. Credit growth and monetary conditions have been tighter since the second half of 2023, while the parallel market exchange rate has remained broadly stable. The current account surplus narrowed from 5.9 percent of GDP in 2023 to 4.4 percent in 2024.

    “Looking ahead the economy is expected to expand at around 2.3 percent in 2025 and over the medium term. Hydrocarbon exports growth is expected to be negative in 2025, but to gradually pick up to around 2 percent over the medium term while non-hydrocarbon growth is expected to remain subdued, given the challenging business environment, investment inefficiencies, significant real exchange rate overvaluation, and protectionism. Inflation is projected to pick up gradually over the medium term due to looser monetary conditions, returning to its recent historical average of 8 percent, which is primarily fueled by the long-standing policy of increasing public sector wages and pensions by 10 percent annually. The external position is projected to gradually deteriorate, shifting from a surplus to a deficit, driven by lower hydrocarbon prices, declining oil exports, and an overvalued currency. Rising wages are also expected to fuel import demand, further weakening the trade balance. Risks to the outlook remain tilted to the downside.

    “The nonhydrocarbon primary balance improved in 2024, with higher revenues more than offsetting an increase in capital spending. Looking ahead, the deficit is anticipated to narrow further over the medium term, with capital spending expected to moderate. To leverage this positive trajectory, it is crucial for Turkmenistan to focus its spending on enhancing physical and human capital. This will require improving spending efficiency and public investment management, transitioning towards performance-based public wage increases, and reforming state-owned enterprises (SOEs).

    “Strengthening fiscal reporting and public financial management (PFM) should be a top priority. Turkmenistan should expedite the implementation of medium-term budgeting, establishment of a single treasury account, and the expansion of fiscal reporting coverage. Reforming SOEs is also pivotal in managing fiscal risks, enhancing fiscal transparency, and fostering private sector development by reducing the state footprint.

    “The Central Bank of Turkmenistan (CBT) should focus on price and financial stability. Until recently, the CBT had typically kept monetary policy loose to support the government’s long-term development objectives. Since the second half of 2023, however, CBT net lending to banks has slowed considerably, owing to SOE repayments. Going forward, commercial bank lending for development purposes, if needed, should be supported by the state budget, and not by the CBT. The CBT should also modernize its central bank operations and accelerate its efforts to strengthen financial regulation, supervision, and crisis management.

    “Unifying the exchange rates would support Turkmenistan’s diversification objectives and reduce economic distortions and governance vulnerabilities. Turkmenistan should consider a significant upfront adjustment of the official exchange rate combined with sufficiently tight macroeconomic policies, a clear communication strategy, and enhanced social benefits to protect the most vulnerable. Post-adjustment, the devalued official exchange rate can remain the monetary anchor, with the CBT ready to provide FX to meet demand. Exchange restrictions on current international transactions should also be eliminated, to create a level-playing field, improve efficiency, and alleviate FX shortages. The adjustment measures and supporting reforms need to be sequenced carefully, while recognizing inherent uncertainties.

    “Turkmenistan is adequately prioritizing economic diversification. A pre-requisite for diversification is macroeconomic stability, including as a core element the unification of the exchange rates and elimination of exchange restrictions. Moving away from a centrally planned economy will require continued efforts to liberalize prices and reduce the state footprint to allocate resources more efficiently. A more market-oriented economy will also require improving governance, skills, infrastructure, digitalization, and logistics while accelerating the efforts toward WTO accession.

    “Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.   

    “The IMF team is grateful to the authorities and other stakeholders for their warm hospitality and insightful and candid discussions.”

    Turkmenistan: Selected Economic and Financial Indicators, 2022–26

    		  
       

     

     

     

     

     

     

    		    
     

    Est.

    Est.

    Est.

    Proj.

    Proj.

    		    

     

    2022

    2023

    2024

    2025

    2026

    		    
       

     

    Output and prices

    (Annual percentage change)

    		    

    Real GDP 1/

    3.0

    4.5

    3.0

    2.3

    2.3

    		    

    Real hydrocarbon GDP

    -6.4

    -0.6

    -10.6

    -2.6

    1.8

    		    

    Real nonhydrocarbon GDP

    5.2

    5.6

    5.7

    3.0

    2.3

    		    

    Consumer prices (end of period)

    3.0

    1.4

    3.8

    4.0

    6.0

    		    

    Consumer prices (period average)

    11.2

    -1.6

    4.6

    3.9

    5.0

    		    
     

    Investment and savings

    (In percent of GDP)

    		    

    Gross investment

    18.2

    17.0

    16.0

    13.0

    12.9

    		    

             Of which: State budget

    0.5

    0.9

    1.6

    0.7

    0.7

    		    

    Gross savings

    27.9

    22.9

    20.4

    15.1

    13.3

    		    
     

    Fiscal sector

    (In percent of GDP)

    		    

    Overall fiscal balance 2/

    3.4

    0.1

    -0.1

    0.3

    -0.3

    		    

          Revenue

    16.4

    13.8

    14.4

    14.1

    13.7

    		    

          Expenditure

    13.0

    13.7

    14.5

    13.8

    14.1

    		    

    Total public debt 3/

    7.9

    5.8

    3.6

    3.3

    3.1

    		    
     

    Monetary sector

    (12-month percent change, unless otherwise indicated)

    		    

    Credit to the economy 4/

    8.2

    0.3

    2.2

    5.4

    5.9

    		    

    Credit to GDP ratio

    58.6

    53.1

    49.6

    49.9

    49.6

    		    

        Broad money, incl. foreign currency deposits at CBT

    -2.6

    -2.5

    10.1

    5.3

    6.7

    		    
     

    External sector

    (In percent of GDP, unless otherwise indicated)

    		    

    Exports of goods (In millions of US$)

    14,727

    12,963

    12,168

    11,218

    11,068

    		    

    Imports of goods (In millions of US$)

    7,188

    7,401

    7,665

    8,407

    9,085

    		    

    Current account balance

    9.7

    5.9

    4.4

    2.1

    0.4

    		    

    Foreign direct investment

    2.0

    0.9

    0.4

    0.0

    0.0

    		    

    Total public sector external debt

    7.9

    5.8

    3.6

    3.3

    3.1

    		    
             

    Memorandum items:

    		          

    Nominal GDP (in millions of manat)

    198,371

    219,848

    240,363

    251,884

    268,110

    		    

    Nominal GDP (in millions of US$)

    56,677

    62,814

    68,675

    71,967

    76,603

    		    
       
       

    Sources: Turkmen authorities; and Fund staff estimates and projections.

    		        

    1/ Staff uses its own GDP estimates given that the narrative underlying the official GDP growth estimates is hard to reconcile with other available data. In particular, official GDP growth is extremely stable, despite shocks, including the pandemic.

    		                    

    2/ Excluding receipts from government bond issuance and privatization proceeds.

    		                  

    3/ Includes domestic state government debt and external public and publicly guaranteed debt.

    		                

    4/ Including credit to SOEs.

     

     

     

    		                      
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/10/pr-25190-turkmenistan-imf-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Global: Spending review: Rachel Reeves is about to make a £600 billion gamble on growth

    Source: The Conversation – UK – By Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City St George’s, University of London

    UK chancellor Rachel Reeves faces her biggest test with the government’s departmental spending plans for the three years from next April until the general election. With nearly £600 billion a year to spend, her decisions will impact on every aspect of public life and shape the political weather for years to come.

    She believes the key to reviving Labour’s fortunes as its poll ratings tumble lies in boosting economic growth.

    So the government has promised that its policies will increase the UK’s anaemic growth rate and enhance productivity. Reeves is looking to capital spending on big projects that will boost the economy, such as the £14.2 billion government investment in a new nuclear power plant at Sizewell in Suffolk.

    Last year she revised the government’s fiscal rules to give herself the space to borrow an extra £113 billion over three years to transform Britain’s ageing infrastructure. She has already made it clear that she wants to boost transport investment outside of London, as well as invest in research and development, including green energy.

    But there are challenges ahead. In the first place, the effect of infrastructure investment takes a long time to feed through. This is partly because of the lag between planning the projects and when they come on-stream.

    It will take time before the full effect will be felt on productivity, which has been growing more slowly than expected. The Office for Budget Responsibility (OBR) suggested in March that the latest government plans for planning reform might increase productivity by just 0.2% in the longer term.

    There are also some real trade-offs as to where the increased capital investment will go – and which sectors will benefit most. The chancellor has emphasised her commitment to putting more money into projects outside London and south-east England that have had less public investment in the past.

    But London and the south-east is where productivity is highest and where further investment might have a bigger effect on economic growth.

    It appears that there may be less funding for social housing, which may threaten the government’s ambitious target of building 1.5 million homes over the parliament. There may also be less available to repair schools and hospitals.

    And the plans to boost defence spending on expensive military equipment – such as frigates and fighter planes – will also count as capital spending. As such, it could further reduce the amount available for infrastructure investment.

    The departmental trade-offs

    Despite the relative abundance of cash for infrastructure, the tighter fiscal rules on day-to-day spending mean that many departments are facing a squeeze on their budgets. The government plans to allow total day-to-day departmental spending on average to rise by just 1.2% per year in real terms during the next three years. This probably spells a real-terms cut for some “unprotected” departments.

    This is because the money will not be distributed equally. The Department of Health and Social Care gets 40% of all departmental spending and is likely to be the big winner.

    It has already received a big increase in the last spending round, with an 11% increase in capital spending is likely to get even more to realise an ambitious ten-year plan for improving services in the NHS in England.

    If health spending were to go up by 2.5% (well under its historic average), this could mean very little increase for many other government departments. And if it is increased by 3.5% this will imply real-terms cuts for other areas.

    The situation is made more difficult by the government’s decision to prioritise two other areas: defence and schools. For defence, it is committed to raising spending to 2.5% by 2027 and to 3% in the next parliament.

    And for education, Reeves has pledged an extra £4.5 billion per year for more teachers, childcare places and free school meals. The decisions have a strong political dimension, as health and education tend to be the most popular spending priorities among the public.

    Boosting the education spend tends to play well with the UK public.
    Monkey Business Images/Shutterstock

    The spending review, however, only covers half of total government spending. The more unpredictable part is annually managed expenditure, mainly on benefits and interest payments on government debt.

    The Treasury sets an overall target (known as the spending envelope) on how much will be spent in these areas. But it now faces a crunch point over the unpopular decisions to cut disability benefits and keep the two-child benefit cap.

    Reeves’ partial U-turn on the winter fuel payment, which will now be paid to 9 million pensioners, will cost an additional £1.25 billion a year but may have been a political necessity.

    But a full U-turn on the two other issues will be much more expensive. Taken together, such a change might breach the fiscal rules, which give only £10 billion of “headroom” in a total government budget of more than £1.2 trillion. So while there will be some rowing back, the finances suggest any more major U-turns are unlikely.

    To make matters worse, these spending plans are based on an economic forecast made by the OBR in March. This did not include the effect of US president Donald Trump’s tariff plans. Since then, both the IMF and the OECD downgraded their UK growth forecasts for both 2025 and 2026, and despite a recent small upgrade by the IMF, growth is still significantly lower than previously expected.

    Even though Britain seems to have secured a deal with the US, the effect of tariffs on global growth will still damage the UK’s prospects as a trading nation.

    This will make it harder for the government to meet its fiscal targets in the autumn budget while sticking to the departmental spending plans. The chancellor will then have three options. She can look for more cuts in benefits spending.

    She could try to find other sources of tax revenue, for example by tweaking the rules on taxing pensions or extending the freeze on upgrading tax bands. Or, more radically, she could modify the fiscal rules to give herself more flexibility – for example by having only one economic forecast a year, as the IMF has suggested.

    Ultimately Labour’s electoral prospects will depend on whether it has succeeded in boosting living standards. While the productivity drive could work, the UK economy remains at the mercy of wider global economic forces.

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

    – ref. Spending review: Rachel Reeves is about to make a £600 billion gamble on growth – https://theconversation.com/spending-review-rachel-reeves-is-about-to-make-a-600-billion-gamble-on-growth-258526

    MIL OSI – Global Reports –

  • MIL-OSI Banking: ICC announces new editions of Advanced Arbitration Academy

    Source: International Chamber of Commerce

    Headline: ICC announces new editions of Advanced Arbitration Academy

    The Academy is a one-year programme for senior and upper mid-level arbitration practitioners who aspire to become arbitrators. The exclusive programme includes practical assignments, group work and eight mandatory, in-person workshops where Academy co-chairs and other prominent arbitration experts will share their knowledge and experiences. The comprehensive curriculum covers the entire arbitration process, from constitution of the arbitral tribunal and its jurisdiction to case management, provisional remedies, evidence, hearings, deliberations, scrutiny and awards.

    “The idea behind this flagship ICC arbitration training is to develop competent arbitrators across various regions, contributing to a globally representative pool of professionals. Our aim is to enhance the accessibility and quality of arbitration globally.”

    Ruslan Mirzayev, Head of Education and Training at ICC Dispute Resolution Services

    Each of the four Academies is co-chaired by renowned experts, who will guide participants for the entire duration of the programme. They include Chiann Bao, Matthew Secomb, and May Tai in Asia, Christian Albanesi, Sandra González Vila, and Maria Claudia Procopiak in Latin America, Beata Gessel-Kalinowska Vel Kalisz, Galina Zukova, and Luminita Popa in Central and Eastern Europe, and Niuscha Bassiri, Michael Bühler, and Tina Cicchetti in Western Europe.

    Participation at each Academy is limited to around 40 candidates per region, selected through a competitive application process.. While priority is given to applicants from the region, other candidates displaying a genuine interest and reasons for joining the programme may be admitted.

    Learn more about the ICC Advanced Arbitration Academies:   

    Advanced Arbitration Academy for Asia

    Advanced Arbitration Academy for Eastern Europe

    Advanced Arbitration Academy for Latin America

    Advanced Arbitration Academy for Western Europe

    MIL OSI Global Banks –

  • MIL-OSI Economics: ICC announces new editions of Advanced Arbitration Academy

    Source: International Chamber of Commerce

    Headline: ICC announces new editions of Advanced Arbitration Academy

    The Academy is a one-year programme for senior and upper mid-level arbitration practitioners who aspire to become arbitrators. The exclusive programme includes practical assignments, group work and eight mandatory, in-person workshops where Academy co-chairs and other prominent arbitration experts will share their knowledge and experiences. The comprehensive curriculum covers the entire arbitration process, from constitution of the arbitral tribunal and its jurisdiction to case management, provisional remedies, evidence, hearings, deliberations, scrutiny and awards.

    “The idea behind this flagship ICC arbitration training is to develop competent arbitrators across various regions, contributing to a globally representative pool of professionals. Our aim is to enhance the accessibility and quality of arbitration globally.”

    Ruslan Mirzayev, Head of Education and Training at ICC Dispute Resolution Services

    Each of the four Academies is co-chaired by renowned experts, who will guide participants for the entire duration of the programme. They include Chiann Bao, Matthew Secomb, and May Tai in Asia, Christian Albanesi, Sandra González Vila, and Maria Claudia Procopiak in Latin America, Beata Gessel-Kalinowska Vel Kalisz, Galina Zukova, and Luminita Popa in Central and Eastern Europe, and Niuscha Bassiri, Michael Bühler, and Tina Cicchetti in Western Europe.

    Participation at each Academy is limited to around 40 candidates per region, selected through a competitive application process.. While priority is given to applicants from the region, other candidates displaying a genuine interest and reasons for joining the programme may be admitted.

    Learn more about the ICC Advanced Arbitration Academies:   

    Advanced Arbitration Academy for Asia

    Advanced Arbitration Academy for Eastern Europe

    Advanced Arbitration Academy for Latin America

    Advanced Arbitration Academy for Western Europe

    MIL OSI Economics –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Peru

    Source: IMF – News in Russian

    June 10, 2025

    • After a strong recovery in 2024, growth is expected to moderate in 2025, amid global and election-related uncertainty, and thereafter to remain close to potential. Inflation is expected to remain close to the midpoint of the target band. The financial system is sound. Risks are tilted to the downside given elevated external uncertainty, but Peru has ample buffers to cope with shocks.
    • Meeting the 2025 fiscal deficit target would require additional efforts in a pre-election year. In the medium term, further fiscal consolidation measures should be identified to comply with the fiscal rule deficit targets and debt ceiling. Introducing both spending and revenue measures would make the consolidation more balanced and credible.
    • Structural reforms are urgently required to lift potential growth, including updating the fiscal decentralization framework to help boost investments in the critical mineral sector. Enhanced efforts are needed to curb the low but rising level of insecurity, reform labor and tax regulations that impose excessive costs for formalizing or growing a business, enhance the independence and integrity of judicial bodies and tools to combat corruption impunity, build resilience to natural disasters, and embrace the opportunities of digital technologies and artificial intelligence.

    Washington, DC: On June 5, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation[1] with Peru and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    The economy has recovered from consecutive natural disaster shocks and social turmoil. Inflation is firmly within the target band, owing to the central bank’s early and decisive monetary tightening followed by cautious easing. The financial sector remained sound and profitable. The current account surplus further improved, underpinned by strong terms of trade. However, the fiscal position weakened. A relative political stability persists but pre-election tensions are rising. Lingering political uncertainty weighs on economic prospects and dents the appetite for structural reforms to boost potential growth.

    Growth is expected to moderate to 2.8 percent in 2025. A favorable momentum in private consumption and elevated public investment would support continued growth, but pre-election tensions would weigh on the private investment recovery while the impact of the first-round effects of the tariffs and global growth slowdown would be negative, although relatively moderate. Inflation is expected to remain within the target band of 1-3 percent. The current account balance is envisaged to remain in a surplus of 1.7 percent of GDP in 2025, with low external financing and debt rollover risks.

    Evolving risks are dominated by the potential for larger adverse impacts on global growth and commodity prices, due to prolonged trade policy uncertainty and financial market volatility, but Peru has ample buffers to cope with shocks. In the short term, key domestic risks include an intensification of political uncertainty, social unrest over security concerns, and weather-related shocks. Key external risks include trade policy uncertainty, tighter financial conditions, and commodity price volatility. Recent government initiatives to accelerate private sector involvement in public investment projects and streamline burdensome regulations could help revive private investment. Peru’s macroeconomic resilience is reinforced by very strong buffers including low public debt, abundant international reserves, and access to international capital markets on favorable terms.

    Executive Board Assessment

    After a strong recovery, growth is expected to moderate, amid global policy uncertainty and pre-election tensions, and thereafter to remain close to potential. With a closed output gap and firmly anchored inflation expectations, headline inflation would remain within the target band. The current account balance is envisaged to remain in a surplus, only gradually returning to a deficit in the medium term—stabilizing at its norm, of about 1.5 percent of GDP—as private investment recovers and terms of trade normalize. The external position in 2024 was stronger than the level implied by medium-term fundamentals and desirable policies, due to strong terms of trade and a recovery in traditional exports. Risks are tilted to the downside given elevated external uncertainty, but Peru has ample buffers to cope with shocks. Very strong macroeconomic policies and institutional policy frameworks remain in place.

    A broadly neutral monetary policy stance is appropriate. Inflation expectations are approaching 2 percent, and the output gap is closed. However, given heightened external uncertainty, monetary policy should remain data dependent. Continued exchange rate flexibility should be allowed to help cushion the impact of external shocks.

    Meeting the 2025 fiscal deficit target will require additional efforts in a pre-election year. The 2025 budget envisages a deficit of 2.2 percent of GDP, consistent with the revised fiscal rule target. A tax revenue rebound from the economic recovery and one-off factors will help reduce the deficit in 2025, but additional efforts of about 0.4 percent of GDP will be needed to secure fiscal rule compliance. Additional spending control measures would make this year’s consolidation plans more credible and balanced. In May 2025, the authorities announced initiatives to improve spending efficiency, but further efforts will be needed to comply with this year’s target.

    A combination of spending restraint and revenue-raising measures would be needed to comply with the medium-term fiscal targets. To comply with the fiscal rule deficit target of 1 percent of GDP by 2028 and the debt ceiling of 30 percent of GDP by 2035, the authorities’ medium-term consolidation plan envisages a reduction of current spending by about 0.4 percent of GDP per year between 2026 and 2028. Identifying both revenue and spending measures—including efforts to streamline tax expenditures; strengthen tax administration; and control wages, discretionary transfers, and inefficient public investment—would secure a balanced and gradual consolidation. In the absence of measures, public debt would gradually rise over the medium term, while remaining relatively low compared to peers. Legislative initiatives bearing fiscal costs, proposals that erode the tax base, and excessive reliance on private participation schemes would complicate the attainment of fiscal targets. Reforms to significantly reduce Petroperú’s costs and enhance its transparency and governance are also needed to safeguard fiscal credibility.

    Systemic risks are limited, but authorities should continue to proactively contain financial vulnerabilities. Banks are profitable, with ample liquidity and capital buffers. While elevated for small- and medium-sized firms, NPLs are expected to continue improving and would support the growth of credit. The authorities should continue to be vigilant of pockets of vulnerability, particularly in corporate loans.

    Focused macroprudential policies could reduce financial vulnerabilities from remaining dollarized credit. While the aggregate value of unhedged dollar credit is low, unhedged dollar credit tends to be riskier and concentrated in large- and medium-sized companies in the construction, commerce, and manufacturing sectors. The authorities’ regulation to introduce higher risk weighting in 2026 will help alleviate vulnerabilities from unhedged dollar credit. To ensure the stability of dollar funding for financial institutions, the authorities could consider introducing currency-specific NSFR requirements to complement the existing currency-specific LCR limits.

    Policy efforts are needed to revive the domestic capital market. It is critical to maintain the prohibition of future pension withdrawals, as approved in the recent pension reform, to protect the functioning of the domestic capital market, decrease financing costs, and lower the risks of old-age poverty. Measures to broaden the investor base through retail investment products could play a significant role in attracting funds back into the securities market.

    Financial resilience would be strengthened by addressing remaining regulatory gaps. The revised Basel III risk-weight framework and improving the activation criteria for the countercyclical capital buffer (CCyB) will help enhance the effectiveness of the entire regulatory framework. Completing the evaluation of recovery plans for domestic systemically important banks and expanding to the financial group level and their resolution planning will eliminate uncertainty under potential systemic events by facilitating orderly crisis management.

    Updating the fiscal decentralization framework, along other needed structural reforms, could help boost investments in the critical mineral sector and increase potential growth. A US$64 billion pipeline of mining investment projects has been mostly stalled for many years due to bureaucratic complexity and social conflicts. Unlocking these projects and channeling the additional fiscal revenues could permanently boost potential growth. Updating the fiscal decentralization framework, including redesigning natural resource revenue-sharing formulas, to improve public spending efficiency and generate high-impact public investments could help ensure that mining dividends translate into greater development. Enhanced efforts are also needed to curb the low but rising level of insecurity, reform labor and tax regulations that impose excessive costs for formalizing or growing a business, enhance the independence and integrity of judicial bodies and tools to combat corruption impunity, build resilience to natural disasters, and embrace the opportunities of digital technologies and artificial intelligence. The OECD accession process provides a clear roadmap for other critical reforms to boost the business climate, reduce informality, and reform the civil service.

     

    Peru: Selected Economic Indicators

    2020

    2021

    2022

    2023

    2024

    Proj.

    2025

    2026

    2027

    2028

    2029

    2030

    Social Indicators

    Poverty rate (total) 1/

    30.1

    25.9

    27.5

    29

    27.6

    …

    …

    …

    …

    …

    …

    Unemployment rate for Metropolitan Lima (average)

    13

    10.7

    7.8

    6.8

    6.4

    …

    …

    …

    …

    …

    …

    (Annual percentage change; unless otherwise indicated)

    Production and Prices

    Real GDP

    -10.9

    13.4

    2.8

    -0.4

    3.3

    2.8

    2.6

    2.5

    2.5

    2.5

    2.5

    Output gap (percent of potential GDP)

    -5.5

    0.8

    0.7

    -1.3

    -0.4

    0

    0

    0

    0

    0

    0

    Consumer prices (end of period)

    2

    6.4

    8.5

    3.2

    2

    2

    2

    2

    2

    2

    2

    Consumer prices (period average)

    1.8

    4

    7.9

    6.3

    2.4

    1.7

    1.9

    2

    2

    2

    2

    Money and Credit 2/ 3/

    Broad money

    29.2

    2.7

    -0.7

    2.2

    11.6

    1.7

    5.6

    5.6

    5.6

    5.6

    5.6

    Net credit to the private sector

    14

    6.5

    3.3

    0.7

    0.9

    4.7

    5.7

    6

    6

    6

    6

    Credit-to-private-sector/GDP ratio (%)

    52.4

    45.9

    44.4

    41.8

    38.9

    38.9

    39.3

    39.8

    40.4

    40.9

    41.5

    External Sector

    		                    

    Exports

    -10.7

    47.4

    4.8

    2

    12.4

    5.8

    3.1

    1.9

    3.2

    3.2

    2.7

    Imports

    -15.5

    38.2

    16.7

    -11

    4.5

    4.1

    3.1

    4.1

    4.4

    4.6

    4.6

    External current account balance (percent of GDP)

    0.9

    -2.1

    -4.1

    0.7

    2.2

    1.7

    1.3

    0.4

    -0.1

    -0.8

    -1.5

    Gross reserves In billions of U.S. dollars

    74.9

    78.5

    72.2

    71.3

    79.2

    84.2

    88.7

    92.7

    96.4

    100.4

    104.9

      Percent of short-term external debt 4/

    491

    578

    509

    404

    435

    477

    505

    517

    606

    641

    635

      Percent of foreign currency deposits at    banks

    222

    229

    209

    204

    213

    220

    219

    217

    213

    210

    208

    (In percent of GDP; unless otherwise indicated)

    Public Sector

    		                      

    NFPS revenue

    21.8

    25.5

    27

    23.9

    22.7

    23.6

    23.1

    23.1

    23.2

    23.3

    23.4

    NFPS primary expenditure

    29.1

    26.5

    27.1

    25.1

    24.5

    24.4

    23.9

    23.5

    23.3

    23.2

    23.2

    NFPS primary balance

    -7.3

    -1

    -0.1

    -1.2

    -1.8

    -0.7

    -0.8

    -0.4

    -0.1

    0.1

    0.2

    NFPS overall balance

    -8.9

    -2.5

    -1.7

    -2.8

    -3.5

    -2.6

    -2.5

    -2.2

    -2

    -1.8

    -1.7

    NFPS structural balance 5/

    -7

    -3.9

    -2.2

    -2.6

    -3.7

    -2.9

    -2.9

    -2.5

    -2.2

    -1.9

    -1.8

    NFPS structural primary balance 5/

    -5.4

    -2.4

    -0.6

    -0.9

    -1.9

    -1.1

    -1.1

    -0.6

    -0.3

    0

    0.1

    Debt

    		                    

    Total external debt 6/

    43.7

    46.3

    42.7

    40.3

    38.5

    35.7

    33.8

    31.6

    30.1

    28.8

    27.4

    Gross non-financial public sector debt 7/

    34.9

    36.1

    34

    33

    32.8

    33.7

    34.7

    35.5

    35.9

    35.9

    36

    External

    14.8

    19.4

    17.6

    15.8

    15.5

    15.1

    14.8

    13.7

    13

    12.3

    11.3

    Domestic

    20

    16.7

    16.4

    17.1

    17.3

    18.5

    19.9

    21.8

    23

    23.6

    24.6

    Savings and Investment

    		                    

    Gross domestic investment

    18.3

    20.8

    21

    17.7

    18.1

    17.9

    18.1

    18.7

    19.1

    19.5

    19.8

    Public sector (incl. repayment certificates)

    4.3

    4.7

    5

    5

    5.3

    5.2

    4.9

    4.9

    4.9

    4.9

    4.9

    Private sector

    16.7

    20.4

    20.2

    17.9

    17.2

    17.1

    16.9

    16.7

    16.6

    16.5

    16.4

    National savings

    19.2

    18.8

    16.9

    18.4

    20.3

    19.6

    19.4

    19.1

    19

    18.7

    18.3

    Public sector

    -3.9

    2.8

    4.3

    3

    2.4

    3.6

    3.2

    3.5

    3.7

    3.9

    4

    Private sector

    23.2

    15.9

    12.6

    15.4

    17.9

    16

    16.2

    15.6

    15.3

    14.8

    14.3

    Memorandum Items

    		                    

    Nominal GDP (S/. billion)

    722

    878

    937

    1,001

    1,085

    1,136

    1,188

    1,242

    1,299

    1,360

    1,423

    GDP per capita (in US$)

    6,328

    6,849

    7,319

    7,930

    8,485

    8,814

    9,182

    9,505

    9,825

    10,168

    10,529

    Sources: National authorities; UNDP Human Development Indicators; and IMF staff estimates/projections.  

    1/ Defined as the percentage of households with total spending below the cost of a basic consumption basket. 

    2/ Corresponds to depository corporations. 

    3/ Foreign currency stocks are valued at end-of-period exchange rates. 

    4/ Short-term debt is defined on a residual maturity basis and includes amortization of medium and long-term debt. 

    5/ Adjusted by the economic cycle and commodity prices, and for non-structural commodity revenue. The latter uses as equilibrium commodity prices, a moving average estimate that takes 5 years of historical prices and 3 years of forward prices according to the IMF’s World Economic Outlook.  

    6/ Includes local currency debt held by non-residents and excludes global bonds held by residents. 

    7/ Includes repayment certificates and government guaranteed debt. 

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Jose De Haro

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/09/pr-25186-peru-imf-concludes-2025-art-iv-consultation

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Polis to Lead Colorado Delegation to the 2025 Biennial of the Americas Summit in Vancouver & Lead National Governors Association Education Convening

    Source: US State of Colorado

    Delegation will Represent Colorado at the Americas Summit Agriculture, Workforce, and Clean Tech Innovation, Convene Governors and Education Leaders

    DENVER – To encourage and spur more international cooperation, boost our state’s thriving economy, and discuss best practices in agriculture, workforce, and clean tech innovation, Governor Polis and the Colorado Office of Economic Development and International Trade (OEDIT) are attending the Americas Summit in Vancouver, Canada. As Chair of the National Governors Association (NGA), Governor Polis will also convene governors and education leaders for the latest in a series of bipartisan events in support of the NGA Chair’s Initiative, Let’s Get Ready: Educating All Americans for Success. 

    “Colorado is a global economic leader, and our strong international relationships with partners like Canada create good-paying jobs for Coloradans, strengthen international markets for made and grown in Colorado products, and boost investment in our state. While Washington pushes our allies away, Colorado will continue to bolster international trade and cooperation that benefits Coloradans, businesses, and our whole economy. The Biennial of the Americas Summit plays an invaluable role in building and strengthening Colorado’s ties with countries throughout the Western Hemisphere, and this Summit is an opportunity for us to show our allies that Colorado is stepping up as a steady partner,” said Colorado Governor Jared Polis. 

    The Americas Summit brings together influential leaders from across the Americas to explore critical topics such as sustainability, technological advancement, economic growth and cultural exchange. 

    “Canada is a top partner for Colorado in both trade and tourism, accounting for 16% of our state’s exports and bringing more than 176,000 visitors. Now more than ever, we must strengthen this important international relationship to help both of our regions thrive and support the Colorado businesses that depend on these international connections,” said OEDIT’s Executive Director, Eve Lieberman. 

    In addition to attending the Americas Summit, Gov. Polis and OEDIT’s Global Business Development division are hosting additional events to showcase Colorado’s leadership in the advanced industries, the state’s commitment to strong international partnerships, and highlight Colorado’s business strengths: 

    • A roundtable hosted in partnership with the Colorado-headquartered National Science Foundation (NSF) ASCEND Engine to convene stakeholders in the clean energy/climate tech sector and adjacent technology areas that support decarbonization efforts and community resiliency.
    • A convening of Canadian business leaders and Colorado stakeholders to highlight the state’s business advantages, including a nation-leading workforce, central location for global market access and a stable and collaborative ecosystem.
    • A roundtable with leaders of British Columbia to explore the impacts of recent trade policy changes between the U.S. and Canada, and explore opportunities for cross-border collaboration at the state and provincial levels. 

    “International missions ensure that Colorado remains at the forefront with our global partners. The relationships made and strengthened at the Americas Summit enhance our state’s reputation as a global leader in innovation and the advanced industries while identifying new opportunities for cross-border collaboration at the state and provincial levels,” said Michelle Hadwiger, Director of Global Business Development for OEDIT. 

    OEDIT staff includes representation from the Colorado Tourism Office, the Colorado Creative Industries Office, and the Outdoor Recreation Industry Office. Leadership from the Colorado Department of Agriculture and the Department of Labor and Employment will also be in attendance at the summit. 

    While in Vancouver, Governor Polis will also lead a convening of the National Governors Association to discuss how states can ensure students are prepared with the skills needed to succeed and highlight his chairman’s initiative, “Let’s Get Ready! Educating All Americans For Success”. 

    “Funding education that gives students the skills and knowledge needed to succeed in the classroom and grow in the workforce is the largest and most important investment Colorado makes each year. This convening provides the opportunity for state and education leaders to share innovative solutions to strengthen student success and achievement,” said Colorado Governor Jared Polis. 

    The NGA convening includes a visit to Language Nest, for kids ages 0 to three, and Capilano Little Ones Elementary School, where students learn primarily in Squamish, immersing young students in the language and culture at a young age. During the convening, Governor Polis will also moderate panels with Dr. Oon Seng Tan, the Director of the Singapore Center for Character and Citizenship Education, Dr. Timothy Knowels, the President of the Carnegie Foundation for the Advancement of Teaching, and Dr. Vicki Phillips the CEO of the National Center on Education and the Economy. 

    About OEDIT’s Global Business Development Division 

    Global Business Development (GBD) is a division of the Colorado Office of Economic Development and International Trade. GBD supports Colorado businesses and communities by using a data-driven approach to recruit, support, and retain businesses that contribute to a robust and diversified economy. We align our portfolio of programs, services, and incentives with industries that benefit Colorado companies and elevate the state’s national and international competitiveness. GBD also hosts foreign delegations and participates in trade and investment missions around the world to strengthen global awareness of Colorado. With a highly educated and motivated workforce, a thriving innovation economy, and nation-leading entrepreneurial spirit, Colorado is a top market for business development. 

    About Colorado Office of Economic Development and International Trade 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Cohen, Senator Markey Reintroduce the Complete Streets Act

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    House the bill is being co-led by Representatives Jake Auchincloss, Adriano Espaillat, Valerie Foushee and Dina Titus

    WASHINGTON — Representative Steve Cohen (TN-9), a senior member of the House Transportation and Infrastructure Committee, and Senator Edward J. Markey of Massachusetts, a member of the Senate Commerce, Science, and Transportation Committee, today reintroduced the Complete Streets Act, which would transform America’s public roads. The bill would require states to direct a portion of their federal highway funding toward the creation of a Complete Streets Program. A “Complete Street” provides safe and accessible transportation options for children, seniors, and people with disabilities by prioritizing infrastructure for pedestrians, bicyclists, and public transit users. The bill would also require that future construction projects on public roads are designed for the safety of all its road users.  

    “In recent years, we have seen a dramatic increase in the number of pedestrians killed by vehicles, especially in Memphis. Our country is seeing a national safety crisis on our roads. We need streets that can accommodate all means of transportation, from foot traffic and strollers to bicycles, scooters, cars, light trucks and 18-wheelers. The Complete Streets Act will transform communities and make it safer for everyone to make ‘complete’ use of our roadways and adjacent infrastructure,” said Congressman Cohen. 

    “The skyrocketing number of pedestrian and cyclist deaths in our country is a crisis. This moment calls for us to ensure our roads are designed with safety – not speed – as our top priority,” said Senator Markey. “I am grateful for Representative Cohen’s partnership to ensure we prioritize roadway safety and accessibility over a reliance on fast, fossil-fueled vehicles. Let’s build complete streets and complete communities and accelerate into a safer, more accessible future for all.”  

    The Complete Streets Act, is being co-led by Representatives Jake Auchincloss of Massachusetts, Adriano Espaillat of New York, Valerie Foushee of North Carolina, and Dina Titus of Nevada. It is being cosponsored by Senators Richard Blumenthal of Connecticut, Raphael Warnock of Georgia, Brian Schatz of Hawaii and Martin Heinrich of New Mexico. 

    Representative Auchincloss made the following statement:

    “Cities should be built for humans, not cars. Walkable streets are safer, better for business, and more enjoyable for children and families. Promoting walkability should be a bipartisan priority for the next infrastructure bill.”

    Representative Titus made the following statement:

    “Tragically, 2024 was the deadliest year on Clark County roads with almost 300 traffic fatalities. As we work to connect communities through investments in transportation projects, we must also create safe roadways for all motorists and pedestrians. The Complete Streets Act promotes safety, accessibility, and climate-friendly infrastructure while helping communities build safe streets through projects like protected bicycle lanes, wider sidewalks, and more accessible roadway.”

    Representative Foushee made the following statement:

    “Whether by car, bus, bike, or on foot, every person deserves to feel safe while traveling on our roadways. I’m proud to join my colleagues in introducing the Complete Streets Act, which will help build safer, more inclusive streets that serve all road users. By investing in our transportation infrastructure, we can give our cities and towns the tools they need to prevent traffic-related injuries and fatalities, reduce emissions, and improve the quality of life for all within our communities.” 

    Representative Espaillat made the following statement:

    “Traffic violence is a public health crisis, and we remain committed to ensuring the highest standards for New Yorkers,” said Rep. Espaillat. “Street safety is critical to the overall health and wellness of our families and communities as we continue to build on the progress made thus far to ensure pedestrians, bicyclists, public transit users, and drivers are safe during their everyday travels. The Complete Streets Act bolsters our efforts to ensuring the safety and wellbeing of residents during the planning and development phases of routes throughout our communities.”

     Under the Complete Streets Act, eligible local and regional entities can use funds from their state’s Complete Streets Program for technical assistance and capital funding to build safe street projects such as sidewalks, bike lanes, crosswalks, and bus stops. The legislation would also phase in a requirement for states to incorporate Complete Streets elements into all new construction and reconstruction. 

    The legislation is endorsed by the National Complete Streets Coalition, Transportation for America, Advocates for Highway and Auto Safety, GreenLatinos, People for Bikes and the League of American Bicyclists. 

    Senator Markey and Representative Cohen first introduced the Complete Streets Act in 2019. Elements of the Complete Streets Act were incorporated into the Infrastructure Investment and Jobs Act which was signed into law in 2021. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: King, Murkowski Introduce Bill to Strengthen Maine’s Coastal Workforce, Fisheries and Infrastructure

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — Today, U.S. Senators Angus King (I-ME) and Lisa Murkowski (R-AK) introduced legislation that would lay the groundwork to boost the workforce, energy and shoreside infrastructure, food security, and economies of coastal communities in Maine and across the country. The Working Waterfronts Act, which is also co-sponsored by Senator Susan Collins (R-ME), is comprised of more than a dozen provisions, would support efforts to mitigate the impacts of climate change and strengthen federal conservation research projects. Included in the legislation is Senator King’s Fishing Industry Credit Enhancement Act which would allow businesses that provide direct assistance to fishing operations — like gear producers or cold storage — to access loans from the Farm Credit System (FCS) that are already offered to service providers for farmers, ranchers and loggers. 
    “Maine’s coastal communities are changing. From a warming climate to an evolving economy, the Gulf of Maine faces both historic opportunities and challenges that will define our state’s success for generations,” said Senator King. “The Working Waterfronts Act would provide Maine’s working waterfronts up and down the coast with the necessary financial, energy and infrastructure resources to adapt to the rapidly shifting dynamics of natural disasters affecting economic and tourism operations. It would also help support the necessary workforce to sustain our coastal businesses. Thanks to my colleagues for working with me to ensure our waterfronts have the necessary tools and resources to thrive for years to come.”
    “One of my priorities this Congress was reintroducing the Working Waterfronts Act, a comprehensive and collective effort to harness the potential of the blue economy for Alaska’s coastal communities,” said Senator Murkowski. “With 66,000 miles of coastline, it is vital Alaska strengthens our shoreside infrastructure and supports workforce development to ensure the sustainability and growth of our fisheries, tourism, and mariculture sectors. This legislation will provide essential resources for alternative energy initiatives, improve community processing facilities, and promote safety and wellness in the maritime workforce. Together, we can build a resilient future for our coastal communities while addressing climate change and preserving our precious marine ecosystems.”
    “The men and women who make their living in Maine’s blue economy face growing challenges, including rising costs, workforce shortages, and changing ocean conditions,” said Senator Collins. “This bipartisan legislation would help address these issues by improving shoreside infrastructure, supporting the next generation of maritime workers, and investing in ocean ecosystem maintenance to ensure that Maine’s coastal communities remain strong for years to come.”
    Bill Highlights:
    Investing in Energy and Shoreside Infrastructure
    Tax Credits for Marine Energy Projects supports projects that produce electricity from waves, tides, and ocean currents.
    Fishing Vessel Alternative Fuels Pilot Program provides resources to help transition fishing vessels from diesel to alternative fuel sources such as electric or hybrid, and funds research and development of alternative fuel technologies for fishing vessels.
    Rural Coastal Community Processing and Cold Storage Grant increases support for community infrastructure such as cold storage, cooperative processing facilities, and mariculture/seaweed processing facilities by establishing a competitive grant program through the Department of Commerce for rural and small-scale projects.
    Working Waterfronts Development Act establishes a grant program for infrastructure improvements for facilities benefitting commercial and recreational fishermen, mariculturists, and the boatbuilding industry.
    Boosting Maritime Workforce Development and Blue Economy
    Fishing Industry Credit Enhancement Act strengthens financial support for fishery operations by expanding Farm Credit eligibility to fishing industry support businesses.
    Maritime Workforce Grant Program establishes a Maritime Workforce Grant Program, directing the Maritime Administrator to award competitive grants supporting entities engaged in recruiting, educating, or training the maritime workforce.
    Fishing Industry Safety, Health, and Wellness Improvement (FISH Wellness) Act expands the Coast Guard and CDC’s National Institute for Occupational Safety and Health (NIOSH) Fishing Safety Research and Training (FRST) Grant Program to include projects supporting behavioral health in addition to the projects currently supported dedicated to occupational safety research and training.
    Ocean Regional Opportunity and Innovation Act establishes at least one ocean innovation cluster in each of the five domestic NOAA Fisheries regions, as well as the Great Lakes and Gulf of Mexico regions. The ocean cluster model fosters collaboration between different sectors – including public, private, and academic – within a geographic region to promote economic growth and sustainability in the Blue Economy.
    Supporting Sustainable and Resilient Ecosystems
    Coastal Communities Ocean Acidification Act enhances collaboration on ocean acidification research and monitoring through ongoing mechanisms for stakeholder engagement on necessary research and monitoring. This provision would also establish two Advisory Board seats for representatives from Indian Tribes, Native Hawaiian organizations, Tribal organizations, and Tribal consortia affected by ocean acidification and coastal acidification.
    Vegetated Coastal Ecosystem Inventory establishes an interagency working group for the creation and maintenance of a comprehensive national map and inventory detailing vegetated coastal and Great Lakes ecosystems. This inventory encompasses habitat types, species, ecosystem conditions, ownership, protected status, size, salinity and tidal boundaries, carbon sequestration potential, and impacts of climate change.
    Marine Invasive Species Research and Monitoring provides resources and tools to mitigate the impact of invasive species and help limit their spread by authorizing research and monitoring grants for local, Tribal, and regional marine invasive prevention work. This includes training, outreach, and equipment for early detection and response to invasions.
    Senator King is a longtime supporter of working waterfronts and small businesses. He previously introduced the bipartisan Providing Resources for Emergency Preparedness and Resilient Enterprises (PREPARE) Act to reauthorize the Small Business Administration’s (SBA) Pre-Disaster Mitigation Pilot Program, which would give small businesses the opportunity to take out low-interest loans for the purpose of proactively implementing mitigation measures that protect their property from future disaster-related damage. He also led a bipartisan bill to provide working waterfronts with a 30 percent tax credit on up to $1 million in mitigation expenses, adjusted for inflation annually. In 2024, he was named a Hero of Main Street for his support of small businesses across Maine.
    Senator Collins has consistently fought to strengthen Maine’s working waterfronts. Earlier this year, she successfully pushed the Department of Commerce to restore full funding for Maine Sea Grant, ensuring continued support for coastal research and marine industries in Maine. She secured $15 million in federal funding in the 2024 funding package to help coastal communities recover from storm damage and to launch a new grant program at the Economic Development Administration for working waterfronts. She previously introduced the bipartisan Working Waterfront Preservation Act to create a $20 million annual grant program to support working waterfronts nationwide.

    MIL OSI USA News –

  • MIL-OSI Russia: A chance to spend an unforgettable autumn: the competitive selection for the 11th shift at the All-Russian Children’s Center “Ocean” has started

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The State University of Management announces the start of a competitive selection for participation in the additional general development program “Course on Business and Entrepreneurship”, implemented within the framework of a thematic shift at the All-Russian Children’s Center “Ocean” from September 29 to October 19, 2025.

    The program is being implemented by the State University of Management on the initiative of the Ministry of Economic Development of the Russian Federation, with the support of the regional social programs fund “Our Future” and PJSC Sberbank of Russia.

    The “Business and Entrepreneurship Course” is designed for students aged 14 to 17 years and is aimed at developing project thinking, forming entrepreneurial competencies, as well as motivation for making an informed professional choice in the field of business and management.

    Implementation stages: — The first stage of the competition will be held online from June 1 to June 22, 2025. Participants must register in the Personal Account of the State University of Management and complete competition tasks, including tests, open-ended questions, and essays. Total time for completion is 240 minutes. — The results of the first stage will be summarized by July 21, the results will be published, and certificates will be sent to the participants. — The second stage will be held from July 28 to August 10, 2025 — registration of winners in the automated information system “Putyovka”. — The final list of participants who have passed the shift at the All-Russian Children’s Center “Ocean” will be published by August 15.

    The shift program includes: – educational seminars, master classes and business games from teachers and experts of the State University of Management; – project sessions and development of own initiatives in the field of business; – meetings with entrepreneurs, mentors and representatives of the professional community; – defense of projects before an expert committee; – a rich cultural and team program.

    Participants who successfully complete the program receive a certificate, which gives additional points for the Unified State Exam when entering the State University of Management.

    Detailed information about the program and conditions of participation is available on the official website of the project.

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

    MIL OSI Russia News –

  • MIL-OSI: AssureSoft Partners with Databricks to Enhance Real-Time Data & AI Solutions

    Source: GlobeNewswire (MIL-OSI)

    • The partnership reinforces AssureSoft‘s commitment to ensuring high-quality software solutions that create real value for its clients.
    • The company has maintained a 35% year-over-year growth rate over the last five years.

    MIAMI, June 10, 2025 (GLOBE NEWSWIRE) — AssureSoft, a nearshore software outsourcing company with operations in Latin America and the United States, announced its partnership with Databricks. This enhances the firm’s ability to deliver advanced data analytics, AI, and cloud-native solutions to clients.

    Since 2006, AssureSoft specializes in time zone-aligned staff augmentation and software outsourcing services for US companies across industries such as Technology (SaaS), Healthtech, Fintech, E-commerce, Telecommunications, and Cybersecurity. Over the past five years, AssureSoft has maintained an annual growth rate of 35%.

    As AssureSoft continues to expand, partnering with leading tech organizations like Databricks, which represent the highest industry standards, remains a core pillar of its growth strategy.

    “Joining the Databricks Partner Network means delivering the best real-time data and AI solutions to our clients, so they can rely on fast, intelligent decision-making to stay competitive,” said Daniel Gumucio, CEO of AssureSoft. “Our certified teams bring the expertise and skills needed not only to help companies leverage data as a strategic asset, but also to build the AI-driven capabilities that define the next generation of business.”

    Databricks is built to unify real-time data processing with advanced AI, enabling businesses to act on up-to-the-minute insights. Furthermore, Databricks’ scalable AI and machine learning tools allow companies to develop and deploy models that adapt to evolving data patterns, enhancing predictive accuracy and operational efficiency.

    The Databricks Data Intelligence Platform democratizes access to analytics and intelligent applications by marrying customers’ data with powerful AI models tuned to their business’s unique characteristics. The platform is built on a lakehouse foundation of open data formats and open governance to ensure that all data is completely within the customers’ control.

    AssureSoft leverages these capabilities to deliver real-time insights that help clients stay agile in a fast-changing market.

    How Databricks is Driving Real Business Impact

    Organizations across sectors are using Databricks to improve customer experiences, streamline operations, and make faster, smarter decisions.

    • Healthcare: Early ICU risk detection and optimized patient flows improve care and efficiency.
    • Fintech: Real-time fraud alerts and dynamic credit assessments reduce risk.
    • E-commerce: Personalized promotions and intelligent inventory management boost sales.
    • Telecom: Anomaly detection and usage-based retention strategies enhance service.
    • Cybersecurity: Live threat intelligence and behavioral analytics improve protection.

    This partnership with Databricks reflects AssureSoft’s ongoing evolution as a strategic technology partner. By aligning with one of the most advanced data and AI platforms on the market, the company is positioned to help clients unlock the full potential of their data, delivering smarter insights, faster decisions, and stronger outcomes.

    About AssureSoft

    AssureSoft is a nearshore software outsourcing company with 19 years of experience. With a team of 500+ developers distributed across Latin America, the company provides tailored solutions to U.S. and Canada-based clients through staff augmentation, dedicated software development teams, and end-to-end software outsourcing services. AssureSoft’s headquarters are located in Miami; it operates offices in California and has development centers in four cities across Bolivia and Paraguay. Additionally, the company has development teams in Brazil, Colombia and Peru.

    AssureSoft adheres to global standards in information security compliance and talent development. The company is ISO 27001-certified and has been recognized as a Great Place to Work® for five consecutive years. Discover more at www.assuresoft.com

    For Media Inquiries:
    Catalina Soto Pizano
    Corporate Communications Manager
    AssureSoft
    catalina.soto@assuresoft.com

    The MIL Network –

  • MIL-OSI: Bitcoin Bull Market is Back — BexBack Offers Double Deposit Bonus, 100x Leverage, and No KYC for Crypto Futures Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — As Bitcoin surges past the $100,000 mark, analysts and investors are forecasting a new bull market filled with high volatility. In this market environment, savvy traders are turning to high-leverage futures trading to maximize profits with smaller capital. Recognizing this shift, BexBack has stepped up its efforts to help traders capitalize on the bull market with powerful promotional offers. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency futures trading, offering unparalleled opportunities for both new and seasoned investors.

    What is 100x Leverage and How Can You Maximize Profit?

    100x leverage allows you to control a larger position with a smaller amount of capital. For example, if you have 1 BTC and use 100x leverage, you can control 100 BTC. A small price movement in Bitcoin can lead to significant profits, which is why many experienced traders are turning to high-leverage futures trading on BexBack to amplify their returns in this volatile market.

    100% Deposit Bonus: How to Claim and Use It

    BexBack is offering a 100% deposit bonus for all users who make a deposit into their trading accounts. This bonus can be used to increase your trading capital. For instance, if you deposit 1 BTC, you will receive an additional 1 BTC as a bonus, effectively doubling your trading funds. However,please note that this bonus can only be used as a margin and cannot be withdrawn directly. If you make a profit by trading with the bonus, these profits can be withdrawn in full.

    Why Choose BexBack for Crypto Futures Trading?

    • 100x Leverage: Maximize your trading potential with high leverage on BTC, ETH, ADA, XRP, and 50+ other crypto futures contracts.
    • No KYC Required: Enjoy the freedom of trading without the hassle of identity verification, preserving your privacy.
    • Generous Deposit Bonus: Receive a 100% deposit bonus to amplify your trading capital and increase potential profits.
    • No deposits Fees: Enjoy fee-free deposits, allowing you to maximize your profits without extra costs.
    • Global Access: BexBack supports users from multiple countries, including the United States, Canada, and Europe, providing 24/7 customer support.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform headquartered in Singapore with operational offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and over 50 other cryptocurrency futures contracts. The platform is licensed under the US MSB (Money Services Business) regulations and has built a trusted reputation with more than 500,000 traders worldwide. With zero deposit fees and comprehensive customer support, BexBack is a reliable choice for crypto traders looking for a seamless and secure trading experience.

    Join BexBack and Experience Rapid Wealth Accumulation

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    Contact:
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    business@bexback.com 

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

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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/02cd6ab1-852a-411f-9b73-6d2bf3af440a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/91fde895-de9e-4bbf-a287-941e7e6e81de

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c154ab6e-22c3-4f3c-905b-0cefad2b1be1

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    https://www.globenewswire.com/NewsRoom/AttachmentNg/97f324a6-d76a-45ad-85d8-d9d0f9723270

    The MIL Network –

  • MIL-OSI USA: Chairmen Guthrie and Bilirakis Announce Release of E&C NIL Discussion Draft

    Source: United States House of Representatives – Representative Gus Bilirakis (FL-12)

    WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, and Congressman Gus Bilirakis (FL-12), Chairman of the Subcommittee on Commerce, Manufacturing, and Trade, released the following discussion draft as part of a tri-committee effort to stabilize the Name, Image, and Likeness (NIL) marketplace and strengthen college athletics.

    “As a part of a coordinated multi-Committee effort to improve the student-athlete experience and preserve the educational mission of the institutions they represent, Energy and Commerce plans to consider a discussion draft to help address the broad set of challenges facing college athletics. NIL presents outstanding opportunities for student-athletes, but the volatility and frequency of changes have left both teams and players without a reliable foundation on which to plan,” said Chairman Guthrie. “I want to thank Chairman Bilirakis for his hard work on this issue and this draft, and I am hopeful that upcoming conversations can build a strong coalition and make college athletics the best it can be.”

    “College athletics are a cornerstone of American culture, and it’s clear from student-athletes and universities alike that we need a national framework for name, image, and likeness that ensures fairness, consistency, and opportunity,” said Congressman Bilirakis. “The SCORE Act will create stability and transparency while empowering student-athletes to benefit from their own NIL without compromising their academic mission or reclassifying them as employees. It’s a balanced, modern approach that protects the integrity of college sports and honors both the student and the athlete.”

     Background:

     

    CLICK HERE to read the discussion draft.

    CLICK HERE to read more in the story.

    MIL OSI USA News –

  • MIL-OSI USA: President Trump Approves Governor Kehoe’s Requests for Major Disaster Declarations to Assist Missourians Impacted by April 29 and May 16 Severe Storms and Tornadoes

    Source: US State of Missouri

    JUNE 10, 2025

    Jefferson City — Governor Mike Kehoe has announced that President Donald J. Trump has approved two additional requests from the State of Missouri for major disaster declarations in response to the severe storms, tornadoes, and flooding that impacted the state, this time for events that occurred on April 29 and May 16.

    “We are grateful for President Trump acting quickly to get vitally needed federal assistance to the thousands of Missourians hit hard by the violent severe weather that struck our state and who are now struggling to rebuild their lives and homes,” Governor Kehoe said. “We urge all eligible residents to apply now. The faster you apply, the faster you will receive assistance.”

    Individual Assistance:

    The President’s actions, which follow Governor Kehoe’s May 25 request, make Individual Assistance available to eligible residents in the City of St. Louis, and St. Louis and Scott counties impacted by the May 16 storms. Individual Assistance allows eligible residents to seek federal assistance with temporary housing, housing repairs, replacement of damaged belongings, vehicles, and other qualifying expenses.

    Individuals who sustained damage or losses due to the May 16 severe weather may now apply for FEMA disaster assistance online at www.disasterassistance.gov or by calling FEMA’s toll-free registration line at 1-800-621-3362 from 6 a.m. to 10 p.m. seven days a week. They can also download the FEMA app to apply. Affected individuals are encouraged to document losses, photograph damage, and retain receipts. The faster Missourians register with FEMA, the faster they may be able to receive assistance.

    The deadline for most Individual Assistance programs is 60 days following the President’s major disaster declaration. Disaster assistance to eligible individuals generally falls into the following categories:

    • Housing Assistance may be available for up to 18 months for displaced persons whose residences were heavily damaged or destroyed. Funding also can be provided for housing repairs and replacement of damaged items to make homes habitable.
    • Disaster Grants are available to help meet other serious disaster related needs and necessary expenses not covered by insurance and other aid programs. These may include replacement of personal property, and transportation, medical, dental, and funeral expenses.
    • Low-Interest Disaster Loans are available after a disaster for homeowners and renters from the U.S. Small Business Administration (SBA) to cover uninsured property losses. Loans may be available for repair or replacement of homes, automobiles, clothing, or other damaged personal property. SBA loans are also available to businesses for property loss and economic injury. Businesses can visit sba.gov or call 1-800-569-2955.
    • Other Disaster Aid Programs include crisis counseling, disaster-related unemployment assistance, legal aid and assistance with income tax, Social Security, and veterans’ benefits.

    Public Assistance:

    The President’s actions also make the FEMA Public Assistance program available to local governments and qualifying nonprofits for the repair of damaged roads, bridges, and other public infrastructure as well as reimbursement of emergency response costs and debris removal.

    For the April 29 storms, public assistance is available in the following six counties: Barry, Greene, Lawrence, McDonald, Newton, and Washington.

    The Governor’s May 19 request for the April 29 storms included more than $16.5 million in Public Assistance qualifying expenses already identified through joint Preliminary Damage Assessments conducted with FEMA. FEMA Individual Assistance was not requested for these storms.

    For the May 16 storms, Public Assistance is available in the City of St. Louis, and St. Louis and Scott counties.

    The Governor’s May 25 request for the May 16 storms included more than $57.9 million in Public Assistance qualifying expenses already identified and at least $18.7 million in qualifying Individual Assistance needs already identified through joint Preliminary Damage Assessments conducted with FEMA.

    For more information on the federal disaster declaration process, visit this link.

    For additional resources and information about disaster recovery in Missouri, please visit recovery.mo.gov.

    SEMA continues to coordinate with local officials and volunteer and faith-based partners to identify needs and assist impacted families and individuals. Missourians with unmet needs are encouraged to contact United Way by dialing 2-1-1 or www.211helps.org or the American Red Cross at 1-800-733-2767.

    The following outlines the current status of Governor Kehoe’s additional federal assistance requests from this spring:

    March 14 – 15 Storms

    Status: Major Disaster Declaration Approved

    March 30 – April 8 Storms

    Status: Major Disaster Declaration Approved

    April 29 Storms

    Status: Major Disaster Declaration Approved

    May 16 Storms

    Status: Major Disaster Declaration Approved

    May 23 – 26 Storms

    Status: FEMA currently participating in joint damage assessments

    ###

    MIL OSI USA News –

  • MIL-OSI USA: SBA Administrator Kelly Loeffler Calls on California Governor Gavin Newsom to Request Disaster Declaration for Small Businesses Impacted by L.A. Riots

    Source: United States Small Business Administration

    WASHINGTON — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), called on California Governor Gavin Newsom to request an SBA Economic Injury Disaster Loan (EIDL) Declaration to authorize the agency to begin delivering urgent assistance to small businesses across Los Angeles that have been ransacked by rioters since civil unrest began last week. The agency stands ready to deliver critical aid to innocent American victims – whose storefronts have been looted and destroyed by the migrant mob that is wreaking havoc in defense of criminal illegal aliens.

    “We’re giving Gavin Newsom the opportunity to stop siding with criminal illegal aliens and start siding with law-abiding Americans – many of whom have lost everything to the violent and destructive riots across Los Angeles,” said SBA Administrator Kelly Loeffler. “The migrant mob has looted stores, destroyed storefronts, and committed criminal acts of vandalism against our small businesses. Although local leaders are allowing Los Angeles to burn, federal partners are ready to help American citizens rebuild – and we will do so, as soon as the Governor answers their call for help.”

    For the safety of employees and small business owners, Administrator Loeffler recently announced that SBA would be relocating its Regional Office out of Los Angeles due to the city’s refusal to cooperate with U.S. Immigration and Customs Enforcement (ICE). The Regional Office is located mere steps from the violence that continues to occur in downtown Los Angeles – and where U.S. Marines have been deployed to restore order.

    The SBA has provided the state of California with all relevant information needed to request an EIDL Declaration – which will allow small businesses in Los Angeles to apply for low-interest, long-term loans of up to $2 million to help them rebuild following the catastrophic violence of this weekend. Given the urgency of the situation, the SBA is committed to approving any such disaster declaration as soon as it is submitted by Governor Newsom.

     

    # # #

     

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI: Goosehead Insurance Names Angie Kervin as Chief Human Resources Officer

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, June 10, 2025 (GLOBE NEWSWIRE) — Goosehead Insurance, Inc., (NASDAQ: GSHD), a rapidly growing, independent personal lines insurance agency, has appointed Angie Kervin as Chief Human Resources Officer (CHRO). With more than two decades of experience leading human capital strategies across large, distributed workforces, Kervin will spearhead Goosehead’s efforts to enhance its HR capabilities, further solidifying its position as an industry leader.

    “Angie’s deep expertise and track record of driving innovation and excellence position her perfectly to lead our HR efforts,” said Mark Miller, President and Chief Executive Officer of Goosehead Insurance. “Our ability to attract, develop and retain exceptional human capital has always been a cornerstone of our success. Angie’s strategic vision and leadership will further enhance this advantage, helping us push boundaries and foster a dynamic, forward-thinking culture that drives growth and excellence at every level.”

    Kervin is an accomplished HR leader, having served most recently as Executive Vice President and CHRO at Vestis. She previously held numerous progressive leadership roles during her tenure at Vestis/Aramark Uniform Services, including Senior Vice President and CHRO, and Vice President, Human Resources. Earlier in her career, Kervin gained valuable experience managing large-scale HR initiatives at Kohl’s, Sports Authority, Party City and Footaction USA, all of which have prepared her to lead human capital strategies tailored for high-growth companies like Goosehead.

    “I am thrilled to join Goosehead Insurance and contribute to the company’s continued success,” said Kervin. “I look forward to working with the team to create and implement human capital strategies that will grow and nurture top talent while supporting Goosehead’s commitment to innovation and client excellence.”

    Positioning Goosehead for Continued Growth

    Kervin’s appointment reflects Goosehead Insurance’s commitment to aligning its people strategy with its ambitious business goals. The CHRO role will focus on:

    • Developing innovative HR programs to attract, develop and retain top talent.
    • Strengthening the high-performance culture with an emphasis on our principles of meritocracy and servant leadership.
    • Leveraging advanced technologies and data-driven decision-making to enhance workforce productivity.
    • Building on and enhancing Goosehead’s HR infrastructure to support aggressive, long-term growth in personal lines insurance.

    “Angie embodies the innovative spirit and operational excellence that drive Goosehead forward. Her leadership is well-suited to accelerate our ability to meet today’s workforce challenges while staying positioned at the forefront of the insurance industry,” added Miller.

    Kervin holds a Bachelor of Business Administration degree from the University of North Texas and is thrilled to return to Texas with her family as she takes on this exciting new chapter.

    About Goosehead
    Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit goosehead.com or goosehead.com/become-a-franchisee.

    Forward-Looking Statements
    This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Goosehead’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Goosehead’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

    Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, conditions impacting insurance carriers or other parties with which Goosehead does business, the loss of one or more key executives or an inability to attract and retain qualified personnel and the failure to attract and retain highly qualified franchisees. These risks and uncertainties also include, but are not limited to, those described under the captions “1A. Risk Factors” in Goosehead’s Annual Report on Form 10-K for the year ended December 31, 2024 and in Goosehead’s other filings with the SEC, which are available free of charge on the Securities Exchange Commission’s website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Goosehead or to persons acting on behalf of Goosehead are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Goosehead does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

    Contacts

    Investor Contact:
    Dan Farrell
    Goosehead Insurance – VP Capital Markets
    Phone: (214) 838-5290
    Email: dan.farrell@goosehead.com; IR@goosehead.com

    PR Contact:
    Mission North for Goosehead Insurance
    Email: goosehead@missionnorth.com; PR@goosehead.com
    Source: Goosehead

    The MIL Network –

  • MIL-OSI: Micron Ships HBM4 to Key Customers to Power Next-Gen AI Platforms

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available in this link.

    BOISE, Idaho, June 10, 2025 (GLOBE NEWSWIRE) —  The importance of high-performance memory has never been greater, fueled by its crucial role in supporting the growing demands of AI training and inference workloads in data centers. Micron Technology, Inc. (Nasdaq: MU), today announced the shipment of HBM4 36GB 12-high samples to multiple key customers. This milestone extends Micron’s leadership in memory performance and power efficiency for AI applications. Built on its well-established 1ß (1-beta) DRAM process, proven 12-high advanced packaging technology and highly capable memory built-in self-test (MBIST) feature, Micron HBM4 provides seamless integration for customers and partners developing next-generation AI platforms.

    A leap forward
    As use of generative AI continues to grow, the ability to effectively manage inference becomes more important. Micron HBM4 features a 2048-bit interface, achieving speeds greater than 2.0 TB/s per memory stack and more than 60% better performance over the previous generation.1 This expanded interface facilitates rapid communication and a high-throughput design that accelerates the inference performance of large language models and chain-of-thought reasoning systems. Simply put, HBM4 will help AI accelerators respond faster and reason more effectively.

    Additionally, Micron HBM4 features over 20% better power efficiency compared to Micron’s previous-generation HBM3E products, which first established new, unrivaled benchmarks in HBM power efficiency in the industry.2 This improvement provides maximum throughput with the lowest power consumption to maximize data center efficiency.2

    Generative AI use cases continue to multiply, and this transformative technology is poised to deliver significant benefits to society. HBM4 is a crucial enabler, driving quicker insights and discoveries that will foster innovation in diverse fields such as healthcare, finance and transportation.

    “Micron HBM4’s performance, higher bandwidth and industry-leading power efficiency are a testament to our memory technology and product leadership,” said Raj Narasimhan, senior vice president and general manager of Micron’s Cloud Memory Business Unit. “Building on the remarkable milestones achieved with our HBM3E deployment, we continue to drive innovation with HBM4 and our robust portfolio of AI memory and storage solutions. Our HBM4 production milestones are aligned with our customers’ next-generation AI platform readiness to ensure seamless integration and volume ramp.”

    Intelligence Accelerated: Micron’s role in the AI revolution
    For nearly five decades, Micron has pushed the boundaries of memory and storage innovation. Today, Micron continues to accelerate AI by delivering a broad portfolio of solutions that turn data into intelligence, fueling breakthroughs from the data center to the edge. With HBM4, Micron reinforces its position as a critical catalyst for AI innovation and a reliable partner for our customers’ most demanding solutions.

    Micron plans to ramp HBM4 in calendar year 2026, aligned to the ramp of customers’ next-generation AI platforms. For more information on Micron HBM4, visit https://www.micron.com/products/memory/hbm.

    Additional resources:

    About Micron Technology, Inc.
    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com

    1 Based on internal Micron HBM4 testing and published HBM3E specifications (2.0 TB/s vs. 1.2 TB/s).

    2 Based on internal Micron simulation projections in comparison to Micron HBM3E 36GB 12-high and similar competitive products.

    The MIL Network –

  • MIL-OSI: Lake City Bank Welcomes Back Gregory C. Brown to Lead Newly Formed Commercial Elkhart Region

    Source: GlobeNewswire (MIL-OSI)

    WARSAW, Ind., June 10, 2025 (GLOBE NEWSWIRE) — Lake City Bank is pleased to welcome back Gregory C. Brown as Senior Vice President, Commercial Elkhart Regional Manager. Brown will lead the newly formed Commercial Elkhart Region, serving commercial clients in Elkhart and surrounding communities. The new region was strategically created to better serve the growing business community in Elkhart.

    “Since arriving in Elkhart in 1990, Lake City Bank has remained consistently dedicated to the entrepreneurial businesses that define the community. The decision to create a team solely dedicated to Elkhart is reflective of the success we’ve had in Elkhart over the last 35 years and of our continued growth in the market,” said David M. Findlay, Chairman and Chief Executive Officer. “Greg’s deep knowledge of the Elkhart market, combined with his leadership experience and commitment to relationship banking, make him the ideal person to lead this new region.”

    Brown will lead a team of three Commercial Banking Officers based in Elkhart, while Todd A. Bruce, Senior Vice President, will continue to lead the Commercial North Region team. The Commercial North Region will focus on serving commercial clients in St. Joseph County and the surrounding Northwest Indiana and Southwest Michigan communities.

    “Greg’s return is a win for Lake City Bank and for our clients,” said Eric H. Ottinger, Executive Vice President and Chief Commercial Banking Officer. “He understands the unique dynamics of the Elkhart community and has a proven track record of building strong client relationships. We’re confident he will continue our strong growth momentum in Elkhart. We’re also excited for the new opportunities that our regional realignment will allow Todd’s team to pursue in South Bend and the surrounding area.”

    Brown has 30 years of experience in financial services, including his previous tenure with Lake City Bank as a Commercial Banking Officer from 2016-2021. He has volunteered with many organizations in Elkhart, including serving as a previous board chair of Big Brothers Big Sisters of Elkhart County, board treasurer of the Greater Elkhart Chamber of Commerce, and board treasurer of Elcona Country Club.

    “I’m excited to be back at Lake City Bank and to lead the new Commercial Elkhart Region,” said Brown. “Elkhart has been my home since moving here in 2003. It’s a vibrant and resilient community, and I look forward to working with our experienced team to help local businesses grow and thrive.”

    Lake City Bank, a $6.9 billion bank headquartered in Warsaw, Indiana, was founded in 1872 and serves Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform. Lake City Bank’s community banking model prioritizes building in-market long-term customer relationships while delivering technology-forward solutions for retail and commercial clients. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For more information visit www.lakecitybank.com.

    Contact
    Luke Weick
    Vice President
    Marketing Manager
    (574) 267-9198 x47279 office
    (260) 431-7061 mobile
    luke.weick@lakecitybank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fcccd455-e4fa-4151-9871-5ea9a04ce988

    The MIL Network –

  • EAM Jaishankar welcomes EU’s strong condemnation of Pahalgam terror attack

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S. Jaishankar on Tuesday called on the President of the European Commission Ursula von der Leyen in Brussels, appreciating her strong condemnation of the April 22 Pahalgam terror attack and solidarity with India in fighting terrorism. Both sides acknowledged the benefits of enhancing cooperation in trade, technology, connectivity, and security to deepen the India-European Union partnership.

    “Pleased to call on European Commission President Ursula von der Leyen this morning. Welcomed her strong condemnation of terrorist attack in Pahalgam and solidarity in combatting terrorism. Discussed efforts underway to deepen the India-EU partnership. Agreed on the potential benefits of stronger cooperation in trade, technology, connectivity and security for both our regions,” the EAM posted on X after the meeting.

    Ursula von der Leyen also warmly welcomed EAM Jaishankar, highlighting a stronger partnership between the European Union and India.

    “Welcome to my friend S Jaishankar. The EU-India strategic partnership is getting stronger. We’re working on a Strategic Agenda based on growth with an ambitious Free Trade Agreement, technology and innovation and security and defence. I look forward to adopting it with Prime Minister Narendra Modi at our next Summit,” the EU chief posted on X.

    The External Affairs Minister is on an official visit to France, EU and Belgium from June 8 to 14 to further deepen India’s friendly relations and give renewed momentum to ongoing cooperation in diverse areas.

    As he left New Delhi, the Ministry of External Affairs (MEA) highlighted the India-European Union strategic partnership which has strengthened over the years across diverse sectors and got a big boost with the first-ever visit of the EU College of Commissioners to India in February this year.

    “During the visit, EAM will be holding a Strategic Dialogue with the EU High Representative and Vice President Kaja Kallas, and will engage with the senior leadership from the European Commission and the European Parliament, besides interacting with think tank and media,” read a statement issued by the MEA on the EAM’s visit.

    Last week, addressing the Italy-India Business Forum during his official visit to Italy, Union Commerce and Industry Minister Piyush Goyal reiterated India’s shared commitment to speed up the India-EU FTA.

    The European Union (EU) and its 27 member states earlier unequivocally condemned the heinous April 22 Pahalgam terrorist attack and backed India’s strong response, stating that every state has the duty and the right to lawfully protect its citizens from acts of terror. Asserting that terrorism can never be justified, the EU said that those responsible for the attack must be brought to justice.

    Earlier this year, Ursula von der Leyen, accompanied by the European Union College of Commissioners, visited India from February 27 to 28. This was the first-ever visit of the EU College of Commissioners together to India. The EU and India reinforced strategic ties during the landmark visit of the European Commission delegation to India.

    As Von der Leyen emphasised stronger EU-India ties in an increasingly complex world, stressing that both sides’ interests coincide more often than not, Prime Minister Narendra Modi and President of the European Commission also agreed to expedite the conclusion of the India-EU FTA by the end of the year.

    During the Commission’s visit, both leaders affirmed that the EU-India Strategic Partnership has delivered strong benefits for their peoples and the larger global good. They committed to raising this partnership to a higher level, building upon 20 years of India-EU Strategic Partnership and over 30 years of India-EC Cooperation Agreement.

    (IANS)

  • MIL-OSI Economics: ICC joins Business Call to Action to accelerate global cooperation for our oceans

    Source: International Chamber of Commerce

    Headline: ICC joins Business Call to Action to accelerate global cooperation for our oceans

    As the largest business association in the world, the International Chamber of Commerce is proud to be a convener of this important call to action, bringing the voice of the global business community to the United Nations Ocean Conference.

    The call is convened by an unprecedented coalition of business networks, supported by signatories, including 80 businesses with a combined turnover of over €$600 billion and 2 million employees. In anticipation of the upcoming 2025 United Nations Ocean Conference in Nice, France,the call builds on the experience of leading businesses and organisations already advancing a sustainable blue economy. It emphasises the intrinsic connection between land and sea, highlighting the contribution and interdependencies between coastal and marine environment and the United Nations Sustainable Development Goals.

    This call is directed at all economic actors, whether directly or indirectly connected to the ocean, and includes: 

    • A call to action for businesses to expedite maintaining ocean health through business actions, such as contributions to ocean science, monitoring and reducing environmental impacts, incorporating ocean considerations into their climate and nature roadmaps and investing in blue solutions.
    • A call to action for policy makers to pursue ambitious science-driven policies and measures that stimulate sustainable business action and to jointly address land and ocean for enhanced global resilience

    With this Business Call to Action, companies and business networks urge policymakers to:

    • Agree to adopt and implement international agreements: champion strong, sustainable outcomes for existing and upcoming ocean-related agreements,
    • Invest in ocean science and support strong science-policy interfaces,
    • Acknowledge and embed into policies the links between ocean, nature and climate,
    • Help all actors to collectively adapt to sea-level rise,
    • Develop robust and innovative finance mechanisms,
    • Raise awareness to encourage all actors to care for the ocean, even those based on land.

    This business declaration is still open to new signatories. For information on signing this declaration please contact

    The Business Call to Action is convened by global and leading business networks including International Chamber of Commerce (ICC), United Nations Global Compact (UNGC), World Economic Forum (WEF), We Mean Business Coalition (WMB), Business for Nature (BfN), Mouvement des Entreprises de France (MEDEF), UN Global Compact Network France and Association française des Entreprises pour l’Environnement (EpE).

    MIL OSI Economics –

  • MIL-OSI Global: Defence firms must adopt a ‘flexible secrecy’ to innovate for European rearmament

    Source: The Conversation – France – By Sihem BenMahmoud-Jouini, Associate Professor, HEC Paris Business School

    In the face of US President Donald Trump’s wavering commitments and Russian President Vladimir Putin’s inscrutable ambitions, the talk in European capitals is all about rearmament.

    To that end, the European Commission has put forward an €800 billion spending scheme designed to “quickly and significantly increase expenditures in defence capabilities”, in the words of Commission President Ursula von der Leyen.

    But funding is only the first of many challenges involved when pursuing military innovation. Ramping up capabilities “quickly and significantly” will prove difficult for a sector that must keep pace with rapid technological change.

    Of course, defence firms don’t have to do it alone: they can select from a wide variety of potential collaborators, ranging from small and medium-sized enterprises (SMEs) to agile start-ups. Innovative partnerships, however, require trust and a willingness to share vital information, qualities that appear incompatible with the need for military secrecy.

    That is why rearming Europe requires a new approach to secrecy.

    A paper I co-authored with Jonathan Langlois of HEC and Romaric Servajean-Hilst of KEDGE Business School examines the strategies used by one leading defence firm (which we, for our own secrecy-related reasons, renamed “Globaldef”) to balance open innovation with information security. The 43 professionals we interviewed – including R&D managers, start-up CEOs and innovation managers – were not consciously working from a common playbook. However, their nuanced and dynamic approaches could serve as a cohesive role model for Europe’s defence sector as it races to adapt to a changing world.

    How flexible secrecy enables innovation

    Our research took place between 2018 and 2020. At the time, defence firms looked toward open innovation to compensate for the withdrawal of key support. There was a marked decrease in government spending on military R&D across the OECD countries. However, even though the current situation involves more funding, the need for external innovation remains prevalent to speed up access to knowledge.

    When collaborating to innovate, firms face what open innovation scholars have termed “the paradox of openness”, wherein the value to be gained by collaborating must be weighed against the possible costs of information sharing. In the defence sector – unlike, say, in consumer products – being too liberal with information could not only lead to business losses but to grave security risks for entire nations, and even prosecution for the executives involved.

    Although secrecy was a constant concern, Globaldef’s managers often found themselves in what one of our interviewees called a “blurred zone” where some material could be interpreted as secret, but sharing it was not strictly off-limits. In cases like these, opting for the standard mode in the defence industry – erring on the side of caution and remaining tight-lipped – would make open innovation impossible.


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    Practices that make collaboration work

    Studying transcripts of more than 40 interviews along with a rich pool of complementary data (emails, PowerPoint presentations, crowdsourcing activity, etc.), we discerned that players at Globaldef had developed fine-grained practices for maintaining and modulating secrecy, even while actively collaborating with civilian companies.

    Our research identifies these practices as either cognitive or relational. Cognitive practices acted as strategic screens, masking the most sensitive aspects of Globaldef’s knowledge without throttling information flow to the point of preventing collaboration.

    Depending on the type of project, cognitive practices might consist of one or more of the following:

    • Encryption: relabelling knowledge components to hide their nature and purpose.

    • Obfuscation: selectively blurring project specifics to preserve secrecy while recruiting partners.

    • Simplification: blurring project parameters to test the suitability of a partner without revealing true constraints.

    • Transposition: transferring the context of a problem from a military to a civilian one.

    Relational practices involved reframing the partnership itself, by selectively controlling the width of the aperture through which external parties could view Globaldef’s aims and project characteristics. These practices might include redirecting the focus of a collaboration away from core technologies, or introducing confidentiality agreements to expand information-sharing within the partnership while prohibiting communication to third parties.

    When to shift strategy in defence projects

    Using both cognitive and relational practices enabled Globaldef to skirt the pitfalls of its paradox. For example, in the early stages of open innovation, when the firm was scouting and testing potential partners, managers could widen the aperture (relational) while imposing strict limits on knowledge-sharing (cognitive). They could thereby freely engage with the crowd without violating Globaldef’s internal rules regarding secrecy.

    As partnerships ripened and trust grew, Globaldef could gradually lift cognitive protections, giving partners access to more detailed and specific data. This could be counterbalanced by a tightening on the relational side, eg requiring paperwork and protocols designed to plug potential leaks.

    As we retraced the firm’s careful steps through six real-life open innovation partnerships, we saw that the key to this approach was in knowing when to transition from one mode to the other. Each project had its own rhythm.

    For one crowdsourcing project, the shift from low to high cognitive depth, and high to low relational width, was quite sudden, occurring as soon as the partnership was formalised. This was due to the fact that Globaldef’s partner needed accurate details and project parameters in order to solve the problem in question. Therefore, near-total openness and concomitant confidentiality had to be established at the outset.

    In another case, Globaldef retained the cognitive blinders throughout the early phase of a partnership with a start-up. To test the start-up’s technological capacities, the firm presented its partner with a cognitively reframed problem. Only after the partner passed its initial trial was collaboration initiated on a fully transparent footing, driven by the need for the start-up to obtain defence clearance prior to co-developing technology with Globaldef.

    How firms can lead with adaptive secrecy

    Since we completed and published our research, much has changed geopolitically. But the high-stakes paradox of openness is still a pressing issue inside Europe’s defence firms. Managers and executives are no doubt grappling with the evident necessity for open innovation on the one hand and secrecy on the other.

    Our research suggests that, like Globaldef, other actors in Europe’s defence sector can deftly navigate this paradox. Doing so, however, will require employing a more subtle, flexible and dynamic definition of secrecy rather than the absolutist, static one that normally prevails in the industry. The defence sector’s conception of secrecy must also progress from a primarily legal to a largely strategic framework.

    Sihem BenMahmoud-Jouini ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.

    – ref. Defence firms must adopt a ‘flexible secrecy’ to innovate for European rearmament – https://theconversation.com/defence-firms-must-adopt-a-flexible-secrecy-to-innovate-for-european-rearmament-258302

    MIL OSI – Global Reports –

  • MIL-OSI Global: For Trump’s ‘no taxes on tips,’ the devil is in the details

    Source: The Conversation – USA – By Jay L. Zagorsky, Associate Professor Questrom School of Business, Boston University

    President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine print in Congress’ latest tax bill tells a more complex story.

    Right now, Republican lawmakers are advancing the “One Big Beautiful Bill Act” — a sprawling, 1,100-page proposal that aims to change everything from tax incentives for electric vehicles to health care. It also includes a proposal to end taxes on tips, which could potentially affect around 4 million American workers. The Senate has recently passed its own version – the No Tax on Tips Act.

    The idea started getting attention when Trump raised it during a 2024 campaign stop in Las Vegas, a place where tipping is woven into the economy. And the headlines and press releases sound great — especially if you’re a waiter, bartender or anyone else who depends on tips for a living. That may be why both Democrats and Republicans alike broadly support the concept. However, like most of life, the devil is in the details.

    I’m a business-school economist who has written about tipping, and I’ve looked closely at the language of the proposed laws. So, what exactly has Trump promised, and how does it measure up to what’s in the bills? Let’s start with his pledge.

    The promise of money that’s ‘100% yours’

    Back in January 2025, Trump said, “If you’re a restaurant worker, a server, a valet, a bellhop, a bartender, one of my caddies … your tips will be 100% yours.” That sounds like a boost in tipped workers’ income.

    But when you look at the current situation, it becomes clear that the reality is far more complicated.

    First, the new tax break only applies to tips the government knows about — and a lot of that income currently flies under the radar. Tipped workers who get cash tips are supposed to report it to the IRS via form 4137 if their employer doesn’t report it for them. If a worker gets a cash tip today and doesn’t report it, they already get 100% of the money. No one really knows what percentage of tips are unreported, but an old IRS estimate pegs it at about 40%.

    What’s more, the current tax code defines tips only as payments where the customer determines the tip amount. If a restaurant charges a fixed 18% service charge, or there’s an extra fee for room service, those aren’t tips in the government’s eyes. This means some tipped workers who think service charges are tips will overestimate the new rule’s impact on their finances.

    How the new bills would affect tipped workers

    The “Big Beautiful Bill” would create a new tax code section under “itemized deductions” This area of the tax code already includes text that creates health savings accounts and gives students deductions for interest on their college loans.

    What’s in the new section?

    First, the bill specifies that this tax break applies just to “any cash tip.” The IRS classifies payments by credit card, debit card and even checks as “cash tips.” Unfortunately for workers in Las Vegas, noncash tips, like casino chips, aren’t part of the bill.

    While the House bill limits the deduction to people earning less than US$160,000 the Senate bill caps the deduction to the first $25,000 of tips earned. Everything over that is taxed.

    Second, the current House bill ends this special tax-free deal on Dec. 31, 2028. That means these special benefits would only last three years, unless Congress extends the law. The Senate bill does not include such a deadline.

    Third, the exemption is only available to jobs that typically receive tips. The Treasury secretary is required to define the list of tipped occupations. If an occupation isn’t on the list, the law doesn’t apply.

    I wonder how many occupations won’t make the list. For example, some camp counselors get tips at the end of the summer. But it’s unclear the Treasury Department will include these workers as a covered group, since counselors only make up a proportion of summer camp staff. Not making the list is a real problem.

    And while the new proposal gives workers an income tax break, there’s nothing in either bill about skipping FICA payments on the tipped earnings. Workers are still required to contribute slightly more than 7% in Social Security and Medicare taxes on all tips they report, which won’t benefit them until retirement. This isn’t an oversight — the bill specifically says employees must furnish a valid Social Security number to get the tax benefits.

    There are a few other ways the legislation might benefit workers less than it seems at first glance. Instituting no taxes on tips could mean tipped employees feel more pressure to split their tips with other employees, like busboys, chefs and hosts. After all, these untipped workers also contribute to the customer experience, and often at low wages.

    And finally, many Americans are tired of tipping. Knowing that servers don’t have to pay taxes might make some to cut back on it even more.

    The specifics of any piece of legislation are subject to change until the moment Congress sends it to the president to be signed. However, as now written, I think the bills aren’t as generous to tipped workers as Trump made it sound on the campaign trail.

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

    – ref. For Trump’s ‘no taxes on tips,’ the devil is in the details – https://theconversation.com/for-trumps-no-taxes-on-tips-the-devil-is-in-the-details-258276

    MIL OSI – Global Reports –

  • MIL-OSI: Primech AI, Subsidiary of Primech Holdings Wins Robotics Category at Singapore Business Review Technology Excellence Awards 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced that it has been named Winner in the Robotics category at the prestigious Singapore Business Review (SBR) Technology Excellence Awards 2025. This recognition underscores Primech AI’s commitment to innovation and leadership in the robotics industry and its ongoing efforts to drive technological advancements that enhance productivity and transform industries.

    The SBR Technology Excellence Awards celebrate the achievements of Singapore’s top technology companies and innovators, highlighting organizations that have made significant contributions to the nation’s digital transformation journey. As detailed in the official SBR announcement, this year’s ceremony recognized outstanding projects and solutions shaping the future of technology in Singapore and beyond.

    Primech AI’s award-winning robotics solutions have set new benchmarks for efficiency, reliability, and intelligent automation. HYTRON model incorporates the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. Known for its compact size and powerful AI capabilities, the NVIDIA Jetson Orin Super facilitates high-energy efficiency and superior AI processing at the edge, empowering HYTRON to deliver enhanced performance in autonomous toilet cleaning. By leveraging cutting-edge artificial intelligence, Primech AI continues to develop advanced robotic systems that address the evolving needs of businesses across multiple sectors.

    “We are honored to be recognized by the Singapore Business Review for our contributions to robotics and technology innovation,” said Charles Ng, Co-Founder and Chief Operating Officer at Primech AI. “This award is a testament to the dedication and ingenuity of our team, and it motivates us to continue pushing the boundaries of what robotics can achieve for our clients and the community.”

    For more information about the SBR Technology Excellence Awards 2025 and the full list of winners, please refer to the official announcement by Singapore Business Review.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:
    Matthew Abenante, IRC
    President
    Strategic Investor Relations, LLC
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –